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T. Rowe Price Retirement 2015 R RRTMX

Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 11.57  /  1.03 %
  • Total Assets 3.9 Bil
  • Adj. Expense Ratio
    1.000%
  • Expense Ratio 1.000%
  • Distribution Fee Level Above Average
  • Share Class Type Retirement, Medium
  • Category Target-Date 2015
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Status Open
  • TTM Yield 2.03%
  • Turnover 29%

Morningstar’s Analysis RRTMX

Will RRTMX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

T. Rowe Price Announces Changes to its Target-Date Lineup; Ratings Unchanged

null Megan Pacholok

Megan Pacholok

Analyst Note

On June 28, 2023, T. Rowe Price announced upcoming changes to its target-date lineup, including T. Rowe Price Retirement. The changes affect neither the strategy’s High People Pillar rating nor its High Process rating. Starting in 2023’s third quarter, management will add Hedged Equity and Dynamic Credit as building blocks to the target-date strategy’s glide path and will gradually increase the funds’ allocations until they reach the new target allocation. T. Rowe Price has a strong record of introducing and implementing enhancements to the glide path. The updates seek to address potential downside risk and volatility for investors at or near the retirement stage. The Hedged Equity fund’s allocation will peak at the retirement date; it’s expected to make up 5.5% of the portfolio. The Hedged Equity strategy has been a separate account since 2021, and it will launch as a mutual fund in July 2023. Adding newly launched funds to a target-date lineup isn’t considered best practice, but the firm’s dedication to enhancements and research-based approach helps balance some concern. The Dynamic Credit fund, which was incepted in 2019, has a target allocation of 1.4% at the retirement date, but will steadily increase to a maximum of 2.3% at the end of the glide path. The changes are applicable to both the mutual fund and collective investment trust versions of the series. The firm also announced the upcoming merger of the Retirement I Fund series into a new I Class of the existing Retirement Fund series. This would align them with competitors in the target-date industry that offer multiple share classes rather than multiple fund series. The change is expected to take place in February 2024 and is being managed to minimize negative tax implications for those that hold the series in a taxable account.

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Portfolio Holdings RRTMX

  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 0
  • Other Holdings 31
  • % Assets in Top 10 Holdings 67.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

T. Rowe Price New Income Z

13.90
565,479,751

T. Rowe Price Ltd Dur Infl Focus Bd Z

12.33
501,545,322

T. Rowe Price Growth Stock Z

8.29
337,358,436

T. Rowe Price Value Z

7.92
322,367,942

T. Rowe Price Equity Index 500 Z

5.18
210,897,632

T. Rowe Price Intl Bd (USD Hdgd) Z

5.01
203,650,896

T. Rowe Price Overseas Stock Z

4.15
168,790,095

T. Rowe Price Emerging Markets Bond Z

3.74
152,247,922

T. Rowe Price US Trs Long-Term Idx Z

3.63
147,707,341

T. Rowe Price Dynamic Global Bond Z

3.58
145,673,583