T. Rowe Price Retirement Balanced Fund (TRRIX)
The T. Rowe Price Retirement Balanced Fund (TRRIX) is a mutual fund that invests in a diversified portfolio of other T. Rowe Price stock and bond funds that represent various asset classes and sectors. The fund is specifically designed for retired investors seeking income and stability, with a balanced mix of stocks and bonds. The fund's allocation strategy is set at 40% stock funds and 60% bond funds, which T. Rowe Price considers to be appropriate for investors during their retirement years. The fund's objective is to provide retirees with a balance of income, stability, and capital appreciation potential through a diversified mix of assets.
Fund Info
| ISIN | US74149P5070 |
|---|---|
| CUSIP | 74149P507 |
| Issuer | T. Rowe Price |
| Inception Date | Sep 30, 2002 |
| Category | Diversified Portfolio |
| Min. Investment | $2,500 |
| Home Page | www.troweprice.com |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
TRRIX features an expense ratio of 0.49%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: TRRIX vs. PRWCX, TRRIX vs. AGTHX, TRRIX vs. FXAIX, TRRIX vs. SPY, TRRIX vs. VOO, TRRIX vs. FBALX, TRRIX vs. TRRHX, TRRIX vs. NDARX, TRRIX vs. ONEX.TO, TRRIX vs. SCHG
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Retirement Balanced 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 Retirement Balanced Fund had a return of 7.66% year-to-date (YTD) and 14.49% in the last 12 months. Over the past 10 years, T. Rowe Price Retirement Balanced Fund had an annualized return of 5.10%, while the S&P 500 had an annualized return of 10.96%, indicating that T. Rowe Price Retirement Balanced Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.66% | 20.10% |
| 1 month | -1.31% | -0.39% |
| 6 months | 4.97% | 11.72% |
| 1 year | 14.49% | 31.44% |
| 5 years (annualized) | 5.37% | 13.30% |
| 10 years (annualized) | 5.10% | 10.96% |
Monthly Returns
The table below presents the monthly returns of TRRIX, 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 | 0.07% | 1.56% | 1.87% | -2.06% | 2.34% | 0.83% | 1.80% | 1.52% | 1.27% | -1.67% | 7.66% | ||
| 2023 | 4.04% | -1.82% | 1.79% | 0.77% | -0.99% | 2.19% | 1.63% | -1.28% | -2.40% | -1.49% | 5.01% | 3.70% | 11.35% |
| 2022 | -2.79% | -1.38% | -0.21% | -4.57% | 0.01% | -4.46% | 3.96% | -2.62% | -5.76% | 2.25% | 4.40% | -1.96% | -12.91% |
| 2021 | 0.01% | 1.18% | 1.09% | 2.22% | 0.84% | 0.63% | 0.83% | 1.00% | -1.76% | 1.97% | -1.25% | 1.66% | 8.68% |
| 2020 | 0.10% | -2.69% | -8.49% | 6.18% | 3.01% | 2.01% | 3.00% | 2.59% | -1.43% | -0.70% | 5.62% | 2.60% | 11.47% |
| 2019 | 3.99% | 1.34% | 1.30% | 1.53% | -1.75% | 3.25% | 0.23% | -0.02% | 0.45% | 1.09% | 1.21% | 1.84% | 15.33% |
| 2018 | 1.89% | -1.97% | -0.11% | -0.12% | 0.42% | 0.05% | 1.21% | 0.63% | -0.09% | -3.37% | 0.65% | -2.41% | -3.29% |
| 2017 | 1.44% | 1.43% | 0.49% | 0.88% | 0.93% | 0.18% | 1.18% | 0.54% | 0.69% | 0.78% | 0.71% | 0.68% | 10.39% |
| 2016 | -1.82% | 0.15% | 3.98% | 0.77% | 0.28% | 0.92% | 1.84% | 0.21% | 0.51% | -1.25% | -0.12% | 0.94% | 6.49% |
| 2015 | 0.07% | 2.03% | -0.62% | 1.08% | 0.08% | -1.14% | 0.35% | -2.92% | -1.24% | 3.15% | -0.33% | -1.11% | -0.74% |
| 2014 | -1.07% | 2.34% | 0.18% | 0.69% | 1.41% | 1.03% | -0.83% | 1.39% | -1.77% | 1.01% | 0.66% | -1.09% | 3.93% |
| 2013 | 1.87% | 0.29% | 1.16% | 1.12% | -0.34% | -1.90% | 2.41% | -1.50% | 2.43% | 2.07% | 0.55% | 0.76% | 9.18% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of TRRIX is 76, placing it in the top 24% 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 Retirement Balanced Fund (TRRIX) 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 Retirement Balanced Fund provided a 4.03% dividend yield over the last twelve months, with an annual payout of $0.55 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.55 | $0.53 | $1.25 | $1.93 | $1.46 | $0.53 | $0.97 | $0.78 | $0.50 | $0.49 | $0.52 | $0.44 |
Dividend yield | 4.03% | 4.13% | 10.46% | 12.72% | 9.26% | 3.39% | 7.01% | 5.08% | 3.40% | 3.45% | 3.49% | 2.97% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Retirement Balanced 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 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.18 | |
| 2023 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.11 | $0.25 | $0.53 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.20 | $0.95 | $1.25 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $1.82 | $1.93 |
| 2020 | $0.02 | $0.01 | $0.03 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $1.31 | $1.46 |
| 2019 | $0.02 | $0.01 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.31 | $0.53 |
| 2018 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.03 | $0.01 | $0.02 | $0.03 | $0.02 | $0.02 | $0.78 | $0.97 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.61 | $0.78 |
| 2016 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.34 | $0.50 |
| 2015 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.32 | $0.49 |
| 2014 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.35 | $0.52 |
| 2013 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.27 | $0.44 |
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 Retirement Balanced 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 Retirement Balanced Fund was 27.78%, occurring on Mar 9, 2009. Recovery took 218 trading sessions.
The current T. Rowe Price Retirement Balanced Fund drawdown is 1.74%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.78% | Nov 1, 2007 | 338 | Mar 9, 2009 | 218 | Jan 19, 2010 | 556 |
| -18.57% | Feb 20, 2020 | 23 | Mar 23, 2020 | 82 | Jul 20, 2020 | 105 |
| -17.89% | Nov 17, 2021 | 229 | Oct 14, 2022 | 397 | May 15, 2024 | 626 |
| -9.5% | May 2, 2011 | 108 | Oct 3, 2011 | 85 | Feb 3, 2012 | 193 |
| -8.12% | Jan 29, 2018 | 229 | Dec 24, 2018 | 56 | Mar 18, 2019 | 285 |
Volatility
Volatility Chart
The current T. Rowe Price Retirement Balanced Fund volatility is 1.13%, 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.