# T. Rowe Price Target 2030 (TRRWX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/trrwx 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 fund pursues its objective by investing in a diversified portfolio of other T. Rowe Price equity and fixed income funds mutual that represent various asset classes and sectors. It is managed based on the specific retirement year (target date 2030) 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 | $15.78 | | Expense Ratio | 0.52% | | Assets Under Management | $510.0M | | NAV | $15.78 (2026-10-30 close) | | Holdings Count | — | | Distribution Yield (TTM) | 6.95% | | Annual Distribution (TTM) | $1.10 /share | | Distribution Frequency | Annual | | 52-Week Range | $14.51 – $16.03 | | Beta | 0.81 | ## Latest Distribution - Amount: $1.0965 /share - Ex-date: 2025-12-22 - Pay date: 2025-12-23 ## Frequently Asked Questions ### What does TRRWX invest in? The fund pursues its objective by investing in a diversified portfolio of other T. Rowe Price equity and fixed income funds mutual that represent various asset classes and sectors. It is managed based on the specific retirement year (target date 2030) 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 TRRWX? T. Rowe Price Target 2030 (TRRWX) charges an expense ratio of 0.52%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is TRRWX? T. Rowe Price Target 2030 (TRRWX) manages $510.0M 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 TRRWX actively managed or an index fund? TRRWX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (TRRWX's is 0.52%) in exchange for the discretion to over- or under-weight positions. ### When was TRRWX launched? T. Rowe Price Target 2030 (TRRWX) launched in August 2013 and is managed by T. Rowe Price. ### How has TRRWX performed? TRRWX'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 TRRWX pay a dividend? T. Rowe Price Target 2030 (TRRWX) currently distributes little or no income. Trailing-twelve-month yield is 6.95%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does TRRWX pay dividends? T. Rowe Price Target 2030 pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is TRRWX's dividend yield? TRRWX's trailing-twelve-month yield is 6.95%, calculated from the sum of dividends over the past year divided by the current price. ### When is TRRWX's next ex-dividend date? The most recently announced ex-dividend date for TRRWX 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 TRRWX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.52% 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 TRRWX charge its expense ratio? The expense ratio is deducted in tiny daily slices from TRRWX'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 TRRWX cost more than a fund like VOO? TRRWX is actively managed (current expense ratio 0.52%). 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 TRRWX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to TRRWX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as TRRWX (0.52%) 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/trrwx - Distribution history: https://www.dividenddata.com/funds/trrwx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/trrwx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/trrwx/expenses - Peer comparison: https://www.dividenddata.com/funds/trrwx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.