T Rowe Price Retirement 2015 Fund (TRRGX)

T Rowe Price Retirement 2015 Fund (TRRGX) is a popular target date mutual fund. This balanced fund invests in a diversified portfolio of other T. Rowe Price stock and bond funds that represent various asset classes and sectors.

This T Rowe Price Retirement 2015 Fundis managed based on the specific retirement year (target date 2015) included in its name and assumes a retirement age of 65. It may provide yield for income.

TRRGX Fund Profile

• Fund Inception Date: 02/27/2004
• Ticker Symbol: TRRGX
• CUSIP: 74149P796
• Beta (3yr): 1.04
• Rank in category (YTD): 8%
• Category: Target Date 2011-2015
• Yield: 1.76%
• Capital Gains: -
• Expense Ratio: 0.63%
• Net Assets: $ 10.2 billion
• Number of Years Up: 8 years
• Number of Years Down: 2 years
• Annual Turnover Rate: 14.70%

This T Rowe Price fund has $10.2 billion of total net assets. The dividend is 1.76% per year. It has 5-stars and gold rating from Morningstar. The portfolio turnover rate is low, only 15%. This mutual fund is also known as fund of funds.
You can buy this mutual fund with $2,500 of initial funding.

T Rowe Price Retirement 2015 Fund Performance

The fund performance has been good. It recorded 8 years of positive return and only 2 years of negative return since its inception in 2004. In 2014, the 1 year total return is 5.37%. The past 5 years performance is as follows:

• Year 2015: 3.32% (YTD)
• Year 2014: 5.37%
• Year 2013: 15.18%
• Year 2012: 13.81%
• Year 2011: -0.32%

The asset allocation as of 2014 is Stocks (36%), Bonds (41%) and non US Stocks (17%). The allocations to underlying funds are T. Rowe Price New Income fund, T. Rowe Price Equity Index 500 fund, T. Rowe Price Inflation Focused Bond fund, T. Rowe Price International Growth & Income fund, and T. Rowe Price Overseas Stock fund.

If you are interested in other classes of this T Rowe Price Retirement 2015 fund, you can check:

• T. Rowe Price Retirement 2015 Adv (PARHX)
• T. Rowe Price Retirement 2015 R (RRTMX)

According to the fund prospectus, the primary investment risks are stock market risk, country/ regional risk, currency risk, interest rate risk, income risk, credit risk, call risk, prepayment risk, asset allocation risk, etc.

Pros:

• You can diversify by using only one fund for your retirement.
• This T. Rowe Price Retirement 2015 fund may provide income through its yield.

Cons:

• None.