# T. Rowe Price Target 2015 Fund (TRRTX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/trrtx 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: Bond - Strategy: Actively Managed · Inception: 2013-08-22 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. ## Key Facts | Metric | Value | |---|---| | Price | $12.25 | | Expense Ratio | 0.45% | | Assets Under Management | $149.6M | | NAV | $12.25 | | Holdings Count | — | | Distribution Yield (TTM) | 5.61% | | Annual Distribution (TTM) | $0.69 /share | | Distribution Frequency | Annual | | 52-Week Range | $11.54 – $12.43 | | Beta | 0.64 | ## Latest Distribution - Amount: $0.6867 /share - Ex-date: 2025-12-22 - Pay date: 2025-12-23 ## Frequently Asked Questions ### 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. ### Does TRRTX pay a dividend? Yes, T. Rowe Price Target 2015 Fund (TRRTX) distributes dividends to shareholders. The trailing-twelve-month yield is 5.61%. Full dividend history is on this page. ### How often does TRRTX pay dividends? T. Rowe Price Target 2015 Fund pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is TRRTX's next ex-dividend date? The most recently announced ex-dividend date for TRRTX was 2025-12-22. 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 TRRTX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.45% 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 TRRTX charge its expense ratio? The expense ratio is deducted in tiny daily slices from TRRTX'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 TRRTX cost more than a fund like VOO? TRRTX is actively managed (current expense ratio 0.45%). 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 TRRTX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to TRRTX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as TRRTX (0.45%) 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/trrtx - Distribution history: https://www.dividenddata.com/funds/trrtx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/trrtx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/trrtx/expenses - Peer comparison: https://www.dividenddata.com/funds/trrtx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.