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
US74149P5070
74149P507
Sep 30, 2002
$2,500
Large-Cap
Blend
Expense Ratio
TRRIX has an expense ratio of 0.49%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
T. Rowe Price Retirement Balanced Fund (TRRIX) returned 3.24% year-to-date (YTD) and 6.13% over the past 12 months. Over the past 10 years, TRRIX returned 1.03% annually, underperforming the S&P 500 benchmark at 10.64%.
TRRIX
3.24%
4.95%
1.83%
6.13%
3.41%
0.97%
1.03%
^GSPC (Benchmark)
-0.63%
13.31%
-1.23%
9.83%
14.42%
14.61%
10.64%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.83% | 0.75% | -1.17% | 0.16% | 1.65% | 3.24% | |||||||
| 2024 | 0.07% | 1.56% | 1.86% | -2.06% | 2.34% | 0.83% | 1.80% | 1.52% | 1.27% | -1.51% | 2.18% | -2.76% | 7.15% |
| 2023 | 4.04% | -1.83% | 1.79% | 0.77% | -0.99% | 2.19% | 1.63% | -1.28% | -2.40% | -1.49% | 5.01% | 2.48% | 10.03% |
| 2022 | -2.79% | -1.38% | -0.21% | -4.57% | 0.01% | -4.46% | 3.96% | -2.62% | -5.76% | 2.25% | 4.40% | -8.44% | -18.67% |
| 2021 | 0.01% | 1.18% | 1.09% | 2.22% | 0.84% | 0.63% | 0.83% | 1.00% | -1.75% | 1.97% | -1.25% | -8.15% | -1.81% |
| 2020 | 0.10% | -2.69% | -8.49% | 6.18% | 3.01% | 2.01% | 3.00% | 2.59% | -1.43% | -0.70% | 5.62% | -4.87% | 3.35% |
| 2019 | 3.99% | 1.34% | 1.29% | 1.54% | -1.75% | 3.26% | 0.24% | -0.02% | 0.45% | 1.09% | 1.21% | 0.34% | 13.63% |
| 2018 | 1.89% | -1.97% | -0.11% | -0.12% | 0.42% | 0.05% | 1.21% | 0.63% | -0.09% | -3.37% | 0.65% | -7.15% | -7.99% |
| 2017 | 1.44% | 1.43% | 0.49% | 0.88% | 0.93% | 0.18% | 1.18% | 0.53% | 0.69% | 0.78% | 0.71% | -2.81% | 6.57% |
| 2016 | -1.83% | 0.15% | 3.98% | 0.77% | 0.28% | 0.92% | 1.84% | 0.21% | 0.51% | -1.25% | -0.12% | -0.88% | 4.57% |
| 2015 | 0.07% | 2.03% | -0.62% | 1.08% | 0.08% | -1.14% | 0.35% | -2.92% | -1.24% | 3.15% | -0.33% | -2.82% | -2.45% |
| 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% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TRRIX is 72, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
T. Rowe Price Retirement Balanced Fund provided a 3.16% dividend yield over the last twelve months, with an annual payout of $0.43 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.43 | $0.42 | $0.38 | $0.40 | $0.34 | $0.23 | $0.30 | $0.26 | $0.23 | $0.23 | $0.24 | $0.52 |
Dividend yield | 3.16% | 3.16% | 2.94% | 3.37% | 2.23% | 1.46% | 1.91% | 1.90% | 1.50% | 1.56% | 1.69% | 3.49% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.09 | |||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.11 | $0.11 | $0.42 |
| 2023 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.11 | $0.10 | $0.38 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.20 | $0.10 | $0.40 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.23 | $0.34 |
| 2020 | $0.02 | $0.01 | $0.03 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.08 | $0.23 |
| 2019 | $0.02 | $0.01 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.08 | $0.30 |
| 2018 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.03 | $0.01 | $0.02 | $0.03 | $0.02 | $0.02 | $0.07 | $0.26 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.06 | $0.23 |
| 2016 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.07 | $0.23 |
| 2015 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.07 | $0.24 |
| 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 |
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.
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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 29.56%, occurring on Mar 9, 2009. Recovery took 275 trading sessions.
The current T. Rowe Price Retirement Balanced Fund drawdown is 11.25%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -29.56% | Nov 1, 2007 | 338 | Mar 9, 2009 | 275 | Apr 12, 2010 | 613 |
| -27.99% | Nov 17, 2021 | 280 | Dec 28, 2022 | — | — | — |
| -18.57% | Feb 20, 2020 | 23 | Mar 23, 2020 | 82 | Jul 20, 2020 | 105 |
| -12.94% | Dec 19, 2017 | 255 | Dec 24, 2018 | 216 | Nov 1, 2019 | 471 |
| -9.5% | May 2, 2011 | 108 | Oct 3, 2011 | 85 | Feb 3, 2012 | 193 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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