T. Rowe Price Retirement 2020 Fund
TRRBX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- Oct 1, 2002
- CIK
- 0001177017
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Retirement 2020 Fund (TRRBX) is a target-date mutual fund managed by T. Rowe Price Group, Inc., designed to provide a diversified portfolio for investors planning to retire around 2020 by automatically adjusting its asset allocation over time toward a more conservative mix. The fund invests substantially all of its assets in other T. Rowe Price mutual funds across various asset classes, including domestic and international equities, fixed income securities, and alternatives; its top holdings as of March 31, 2025, include T. Rowe Price New Income Fund Z Class (14.52%), T. Rowe Price Limited Duration Inflation Focused Bond Fund Z Class (12.03%), T. Rowe Price Value Fund Z Class (7.57%), T. Rowe Price Growth Stock Fund Z Class (6.54%), and T. Rowe Price Hedged Equity Fund Z Class (5.21%), with an overall allocation of approximately 34% U.S. stocks, 33% U.S. bonds, 15% non-U.S. stocks, 10% non-U.S. bonds, and 7% cash. Launched on September 30, 2002, the fund maintains a neutral stock allocation of around 55% at its target date, gradually reducing equity exposure thereafter to balance income generation, longevity risk, and inflation protection without guaranteeing a specific income level. T. Rowe Price Group, Inc., the fund's investment manager, is a global asset management firm founded in 1937 and headquartered in Baltimore, Maryland, offering mutual funds, subadvisory services, separate accounts, and retirement plans to individual, institutional, and intermediary clients worldwide across 55 countries with approximately $1.5 trillion in assets under management. The Retirement 2020 Fund, part of T. Rowe Price's target-date series in the Target-Date 2020 Morningstar category, serves retirement savers such as participants in 401(k) plans and IRAs, with a net expense ratio of 0.52%, a minimum initial investment of $2,500, and availability primarily in the United States. In September 2025, T. Rowe Price Group announced a strategic collaboration with Goldman Sachs, under which Goldman intends to acquire up to a $1 billion stake (approximately 3.5%) in T. Rowe Price common stock to jointly develop retirement-focused products, including co-branded model portfolios incorporating public and private market assets such as private equity, private credit, and infrastructure. This partnership, aimed at broadening access to diversified portfolios for mass-affluent, high-net-worth, and retirement investors, launched its first four co-branded model portfolios via GeoWealth in December 2025, with a fifth planned for the first half of 2026 featuring direct indexing capabilities. These initiatives represent T. Rowe Price's recent push into private markets and alternative strategies to enhance retirement offerings amid industry trends.