# T. Rowe Price Retirement 2050 Fund (TRRMX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/trrmx 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: 2007-01-03 The fund invests in a diversified portfolio of other T. Rowe Price equity and fixed income mutual funds that represent various asset classes and sectors. The fund’s allocations among underlying T. Rowe Price mutual funds will change over time in relation to the fund’s target retirement date. The fund is managed based on the specific retirement year (target date 2050) included in its name and assumes a retirement age of 65. ## Key Facts | Metric | Value | |---|---| | Price | $23.94 | | Expense Ratio | 0.62% | | Assets Under Management | $17.81B | | NAV | $23.94 | | Holdings Count | — | | Distribution Yield (TTM) | 3.58% | | Annual Distribution (TTM) | $0.86 /share | | Distribution Frequency | Annual | | 52-Week Range | $20.84 – $24.91 | | Beta | 1.22 | ## Latest Distribution - Amount: $0.8582 /share - Ex-date: 2025-12-19 - Pay date: 2025-12-22 ## Frequently Asked Questions ### What does TRRMX invest in? The fund invests in a diversified portfolio of other T. Rowe Price equity and fixed income mutual funds that represent various asset classes and sectors. The fund’s allocations among underlying T. Rowe Price mutual funds will change over time in relation to the fund’s target retirement date. The fund is managed based on the specific retirement year (target date 2050) included in its name and assumes a retirement age of 65. ### What is the expense ratio of TRRMX? T. Rowe Price Retirement 2050 Fund (TRRMX) charges an expense ratio of 0.62%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is TRRMX? T. Rowe Price Retirement 2050 Fund (TRRMX) manages $17.81B 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 TRRMX actively managed or an index fund? TRRMX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (TRRMX's is 0.62%) in exchange for the discretion to over- or under-weight positions. ### When was TRRMX launched? T. Rowe Price Retirement 2050 Fund (TRRMX) launched in January 2007 and is managed by T. Rowe Price. ### How has TRRMX performed? TRRMX'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 TRRMX pay a dividend? T. Rowe Price Retirement 2050 Fund (TRRMX) currently distributes little or no income. Trailing-twelve-month yield is 3.58%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does TRRMX pay dividends? T. Rowe Price Retirement 2050 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 TRRMX's dividend yield? TRRMX's trailing-twelve-month yield is 3.58%, calculated from the sum of dividends over the past year divided by the current price. ### When is TRRMX's next ex-dividend date? The most recently announced ex-dividend date for TRRMX 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 TRRMX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.62% 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 TRRMX charge its expense ratio? The expense ratio is deducted in tiny daily slices from TRRMX'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 TRRMX cost more than a fund like VOO? TRRMX is actively managed (current expense ratio 0.62%). 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 TRRMX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to TRRMX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as TRRMX (0.62%) 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/trrmx - Distribution history: https://www.dividenddata.com/funds/trrmx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/trrmx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/trrmx/expenses - Peer comparison: https://www.dividenddata.com/funds/trrmx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.