# T. Rowe Price Target 2025 (TRRVX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/trrvx 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 The advisor pursues the fund's objective by investing in a diversified portfolio of other T. Rowe Price equity and fixed income mutual funds that represent various asset classes and sectors. It is managed based on the specific retirement year (target date 2025) included in its name and assumes a retirement age of 65. The target date refers to the approximate year an investor in the fund would plan to retire and likely stop making new investments in the fund. ## Key Facts | Metric | Value | |---|---| | Price | $14.25 | | Expense Ratio | 0.50% | | Assets Under Management | $373.9M | | NAV | $14.25 | | Holdings Count | — | | Distribution Yield (TTM) | 6.77% | | Annual Distribution (TTM) | $0.96 /share | | Distribution Frequency | Annual | | 52-Week Range | $13.31 – $14.50 | | Beta | 0.71 | ## Latest Distribution - Amount: $0.9644 /share - Ex-date: 2025-12-22 - Pay date: 2025-12-23 ## Frequently Asked Questions ### What does TRRVX invest in? The advisor pursues the fund's objective by investing in a diversified portfolio of other T. Rowe Price equity and fixed income mutual funds that represent various asset classes and sectors. It is managed based on the specific retirement year (target date 2025) included in its name and assumes a retirement age of 65. The target date refers to the approximate year an investor in the fund would plan to retire and likely stop making new investments in the fund. ### What is the expense ratio of TRRVX? T. Rowe Price Target 2025 (TRRVX) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is TRRVX? T. Rowe Price Target 2025 (TRRVX) manages $373.9M 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 TRRVX actively managed or an index fund? TRRVX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (TRRVX's is 0.50%) in exchange for the discretion to over- or under-weight positions. ### When was TRRVX launched? T. Rowe Price Target 2025 (TRRVX) launched in August 2013 and is managed by T. Rowe Price. ### How has TRRVX performed? TRRVX'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 TRRVX pay a dividend? T. Rowe Price Target 2025 (TRRVX) currently distributes little or no income. Trailing-twelve-month yield is 6.77%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does TRRVX pay dividends? T. Rowe Price Target 2025 pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is TRRVX's dividend yield? TRRVX's trailing-twelve-month yield is 6.77%, calculated from the sum of dividends over the past year divided by the current price. ### When is TRRVX's next ex-dividend date? The most recently announced ex-dividend date for TRRVX 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 TRRVX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.50% 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 TRRVX charge its expense ratio? The expense ratio is deducted in tiny daily slices from TRRVX'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 TRRVX cost more than a fund like VOO? TRRVX is actively managed (current expense ratio 0.50%). 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 TRRVX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to TRRVX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as TRRVX (0.50%) 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/trrvx - Distribution history: https://www.dividenddata.com/funds/trrvx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/trrvx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/trrvx/expenses - Peer comparison: https://www.dividenddata.com/funds/trrvx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.