# T. Rowe Price Retirement 2060 Fund (TRRLX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/trrlx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: T. Rowe Price · Asset class: Equity - Strategy: Actively Managed · Inception: 2014-06-24 This investment vehicle's primary objective is to achieve the greatest possible overall return over an extended period. It accomplishes this by strategically balancing growth in asset value with the generation of current income. The fund implements its strategy by allocating its assets across a diverse range of other mutual funds managed by T. Rowe Price, specifically those focused on stocks and bonds. The precise mix of these underlying T. Rowe Price funds is not fixed; instead, it progressively evolves as the fund approaches its designated retirement year. This particular fund is structur... ## Key Facts | Metric | Value | |---|---| | Price | $21.03 | | Expense Ratio | 0.64% | | Assets Under Management | $7.07B | | NAV | $21.03 | | Holdings Count | — | | Distribution Yield (TTM) | 3.48% | | Annual Distribution (TTM) | $0.73 /share | | Distribution Frequency | Annual | | 52-Week Range | $18.28 – $21.89 | | Beta | 1.24 | ## Latest Distribution - Amount: $0.7321 /share - Ex-date: 2025-12-19 - Pay date: 2025-12-22 ## Frequently Asked Questions ### What does TRRLX invest in? This investment vehicle's primary objective is to achieve the greatest possible overall return over an extended period. It accomplishes this by strategically balancing growth in asset value with the generation of current income. The fund implements its strategy by allocating its assets across a diverse range of other mutual funds managed by T. Rowe Price, specifically those focused on stocks and bonds. The precise mix of these underlying T. Rowe Price funds is not fixed; instead, it progressively evolves as the fund approaches its designated retirement year. This particular fund is structured around a target retirement date of 2060, as indicated in its name, and its management approach anticipates an investor retiring at approximately 65 years old. ### What is the expense ratio of TRRLX? T. Rowe Price Retirement 2060 Fund (TRRLX) charges an expense ratio of 0.64%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is TRRLX? T. Rowe Price Retirement 2060 Fund (TRRLX) manages $7.07B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is TRRLX actively managed or an index fund? TRRLX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (TRRLX's is 0.64%) in exchange for the discretion to over- or under-weight positions. ### When was TRRLX launched? T. Rowe Price Retirement 2060 Fund (TRRLX) launched in June 2014 and is managed by T. Rowe Price. ### How has TRRLX performed? TRRLX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does TRRLX pay a dividend? T. Rowe Price Retirement 2060 Fund (TRRLX) currently distributes little or no income. Trailing-twelve-month yield is 3.48%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does TRRLX pay dividends? T. Rowe Price Retirement 2060 Fund pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is TRRLX's dividend yield? TRRLX's trailing-twelve-month yield is 3.48%, calculated from the sum of dividends over the past year divided by the current price. ### When is TRRLX's next ex-dividend date? The most recently announced ex-dividend date for TRRLX was 2025-12-19. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will TRRLX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.64% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does TRRLX charge its expense ratio? The expense ratio is deducted in tiny daily slices from TRRLX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does TRRLX cost more than a fund like VOO? TRRLX is actively managed (current expense ratio 0.64%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether TRRLX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to TRRLX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as TRRLX (0.64%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/trrlx - Distribution history: https://www.dividenddata.com/funds/trrlx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/trrlx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/trrlx/expenses - Peer comparison: https://www.dividenddata.com/funds/trrlx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.