T. Rowe Price Target 2005 Fund (PANRX)
The fund pursues its objective by investing in a diversified portfolio of other T. Rowe Price stock and bond mutual funds that represent various asset classes and sectors. It is managed based on the specific retirement year (target date 2005) 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.
Fund Info
| ISIN | US74149P4404 |
|---|---|
| Issuer | T. Rowe Price |
| Inception Date | Aug 19, 2013 |
| Category | Target Retirement Date |
| Min. Investment | $2,500 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
PANRX features an expense ratio of 0.70%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: PANRX vs. TRRFX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Target 2005 Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
T. Rowe Price Target 2005 Fund had a return of 8.33% year-to-date (YTD) and 14.37% in the last 12 months. Over the past 10 years, T. Rowe Price Target 2005 Fund had an annualized return of 4.61%, while the S&P 500 had an annualized return of 11.12%, indicating that T. Rowe Price Target 2005 Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.33% | 19.79% |
| 1 month | 1.55% | 2.08% |
| 6 months | 5.63% | 9.01% |
| 1 year | 14.37% | 29.79% |
| 5 years (annualized) | 4.92% | 13.85% |
| 10 years (annualized) | 4.61% | 11.12% |
Monthly Returns
The table below presents the monthly returns of PANRX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.09% | 1.28% | 1.63% | -1.87% | 2.09% | 0.71% | 1.77% | 1.47% | 8.33% | ||||
| 2023 | 3.73% | -1.70% | 1.73% | 0.66% | -1.03% | 1.81% | 1.40% | -1.10% | -2.33% | -1.33% | 4.64% | 3.62% | 10.24% |
| 2022 | -2.61% | -1.30% | -0.41% | -4.22% | -0.09% | -4.15% | 3.61% | -2.52% | -5.36% | 1.70% | 4.08% | -1.83% | -12.79% |
| 2021 | -0.16% | 0.88% | 0.71% | 2.04% | 0.77% | 0.61% | 0.76% | 0.90% | -1.57% | 1.59% | -1.12% | 1.26% | 6.83% |
| 2020 | 0.34% | -2.11% | -8.46% | 5.65% | 2.94% | 1.91% | 2.98% | 2.07% | -1.29% | -0.57% | 5.11% | 2.38% | 10.62% |
| 2019 | 3.66% | 1.18% | 1.34% | 1.24% | -1.22% | 3.00% | 0.26% | 0.26% | 0.34% | 0.94% | 0.93% | 1.60% | 14.28% |
| 2018 | 1.48% | -1.81% | -0.18% | -0.09% | 0.18% | 0.00% | 1.05% | 0.43% | -0.00% | -3.02% | 0.53% | -1.86% | -3.32% |
| 2017 | 1.31% | 1.38% | 0.45% | 0.90% | 0.99% | 0.09% | 1.24% | 0.44% | 0.61% | 0.61% | 0.60% | 0.65% | 9.66% |
| 2016 | -1.55% | 0.20% | 3.84% | 0.85% | 0.28% | 1.03% | 1.86% | 0.27% | 0.36% | -1.27% | -0.64% | 0.92% | 6.22% |
| 2015 | 0.28% | 1.78% | -0.55% | 1.02% | 0.00% | -1.28% | 0.37% | -2.68% | -1.23% | 2.97% | -0.37% | -1.12% | -0.93% |
| 2014 | -0.86% | 2.32% | 0.19% | 0.75% | 1.40% | 1.02% | -0.82% | 1.38% | -1.82% | 1.02% | 0.55% | -1.00% | 4.13% |
| 2013 | -0.10% | 2.41% | 2.06% | 0.39% | 0.63% | 5.48% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PANRX is 80, placing it in the top 20% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Target 2005 Fund (PANRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
T. Rowe Price Target 2005 Fund granted a 2.54% dividend yield in the last twelve months. The annual payout for that period amounted to $0.30 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.30 | $0.84 | $0.76 | $0.51 | $0.37 | $0.42 | $0.32 | $0.21 | $0.27 | $0.19 | $0.07 |
Dividend yield | 2.54% | 2.75% | 8.26% | 6.01% | 4.07% | 3.14% | 3.94% | 2.75% | 1.96% | 2.62% | 1.78% | 0.62% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Target 2005 Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.84 | $0.84 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 | $0.76 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.51 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.42 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2013 | $0.07 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Target 2005 Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price Target 2005 Fund was 17.71%, occurring on Mar 23, 2020. Recovery took 82 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.71% | Feb 20, 2020 | 23 | Mar 23, 2020 | 82 | Jul 20, 2020 | 105 |
| -17.33% | Nov 17, 2021 | 229 | Oct 14, 2022 | 434 | Jul 10, 2024 | 663 |
| -7.52% | Apr 27, 2015 | 202 | Feb 11, 2016 | 79 | Jun 6, 2016 | 281 |
| -7.06% | Jan 29, 2018 | 229 | Dec 24, 2018 | 56 | Mar 18, 2019 | 285 |
| -3.36% | Sep 4, 2014 | 31 | Oct 16, 2014 | 29 | Nov 26, 2014 | 60 |
Volatility
Volatility Chart
The current T. Rowe Price Target 2005 Fund volatility is 1.42%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.