# T. Rowe Price Target Retirement 2020 Fund (TRRUX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/trrux 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: 2013-08-22 This fund endeavors to achieve the greatest possible overall return over the long term, balancing capital appreciation with a steady stream of income. It accomplishes this by investing in a varied selection of other T. Rowe Price mutual funds, encompassing both stocks and bonds across numerous asset classes and market sectors. Its investment approach is designed around the specific retirement year of 2020, as indicated in its name, predicated on an assumed retirement age of 65. This target date represents the approximate year an investor intends to retire and is expected to stop making new... ## Key Facts | Metric | Value | |---|---| | Price | $12.90 | | Expense Ratio | 0.47% | | Assets Under Management | $221.3M | | NAV | $12.90 | | Holdings Count | — | | Distribution Yield (TTM) | 6.80% | | Annual Distribution (TTM) | $0.88 /share | | Distribution Frequency | Annual | | 52-Week Range | $12.11 – $13.18 | | Beta | 0.66 | ## Latest Distribution - Amount: $0.8777 /share - Ex-date: 2025-12-22 - Pay date: 2025-12-23 ## Frequently Asked Questions ### What does TRRUX invest in? This fund endeavors to achieve the greatest possible overall return over the long term, balancing capital appreciation with a steady stream of income. It accomplishes this by investing in a varied selection of other T. Rowe Price mutual funds, encompassing both stocks and bonds across numerous asset classes and market sectors. Its investment approach is designed around the specific retirement year of 2020, as indicated in its name, predicated on an assumed retirement age of 65. This target date represents the approximate year an investor intends to retire and is expected to stop making new contributions to the fund. ### What is the expense ratio of TRRUX? T. Rowe Price Target Retirement 2020 Fund (TRRUX) charges an expense ratio of 0.47%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is TRRUX? T. Rowe Price Target Retirement 2020 Fund (TRRUX) manages $221.3M 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 TRRUX actively managed or an index fund? TRRUX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (TRRUX's is 0.47%) in exchange for the discretion to over- or under-weight positions. ### When was TRRUX launched? T. Rowe Price Target Retirement 2020 Fund (TRRUX) launched in August 2013 and is managed by T. Rowe Price. ### How has TRRUX performed? TRRUX'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 TRRUX pay a dividend? T. Rowe Price Target Retirement 2020 Fund (TRRUX) currently distributes little or no income. Trailing-twelve-month yield is 6.80%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does TRRUX pay dividends? T. Rowe Price Target Retirement 2020 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 TRRUX's dividend yield? TRRUX's trailing-twelve-month yield is 6.80%, calculated from the sum of dividends over the past year divided by the current price. ### When is TRRUX's next ex-dividend date? The most recently announced ex-dividend date for TRRUX 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 TRRUX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.47% 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 TRRUX charge its expense ratio? The expense ratio is deducted in tiny daily slices from TRRUX'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 TRRUX cost more than a fund like VOO? TRRUX is actively managed (current expense ratio 0.47%). 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 TRRUX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to TRRUX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as TRRUX (0.47%) 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/trrux - Distribution history: https://www.dividenddata.com/funds/trrux/dividend - Holdings & diversification: https://www.dividenddata.com/funds/trrux/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/trrux/expenses - Peer comparison: https://www.dividenddata.com/funds/trrux/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.