T. Rowe Price Target 2015 Fund

Frequently Asked Questions About TRRTX

What does TRRTX invest in?

The Fund seeks the highest total return over time consistent with an emphasis on both capital growth and income. The Fund invests in a diversified portfolio of other T. Rowe Price stock and bond funds that represent various asset classes and sectors. Allocation changes over time in relation to its target retirement date.

What is the expense ratio of TRRTX?

T. Rowe Price Target 2015 Fund (TRRTX) charges an expense ratio of 0.45%. This is the annual fee deducted from fund assets to cover management and operations.

What is TRRTX's dividend yield?

TRRTX's trailing-twelve-month yield is 5.61%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of TRRTX?

Effective duration measures TRRTX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. TRRTX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of TRRTX?

TRRTX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of TRRTX?

Yield to maturity (YTM) is the total return you'd earn from TRRTX if every bond in the portfolio is held to maturity at the current price. TRRTX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.