T. Rowe Price Retirement Balanced Fund
TRRIX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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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 Balanced Fund (TRRIX) is an actively managed open-end mutual fund that seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund pursues its objective through a diversified portfolio of underlying T. Rowe Price equity and fixed income mutual funds, maintaining neutral target allocations of approximately 40% in stock funds—including U.S. large-cap blend, international value equity, overseas stock, growth stock, and real assets equities—and 60% in bond funds such as limited duration inflation-focused bonds, New Income, international bonds (USD hedged), dynamic global bonds, emerging markets bonds, high yield, dynamic credit, and floating rate notes; top holdings as of recent data include T. Rowe Price Limited Duration Inflation Focused Bond Fund Z Class (19.89%), T. Rowe Price New Income Fund Z Class (15.64%), and T. Rowe Price International Bond Fund (USD Hedged) Z Class (6.05%). Launched on September 30, 2002, and domiciled in the United States, the fund targets retired investors seeking income and relative stability from bonds alongside modest capital appreciation from equities, with operations available for sale primarily in the U.S. market and total net assets of approximately $2.18 billion. In recent years, the fund has implemented portfolio adjustments to enhance risk-adjusted returns, including allocations in early 2018 to four new fixed-income strategies—a floating-rate fund, nontraditional bond fund, long-term Treasury fund, and currency-hedged international-bond fund—while maintaining its core 40/60 equity/fixed income mix; asset diversification reflects 40.5% stocks (U.S. equities 22.6%, international equities 10.9%), 55.6% bonds (core fixed income 25.1%), and 5.5% cash as of late 2024 data. The fund paid year-end dividend and capital gains distributions in December 2024, aligning with standard annual operations across T. Rowe Price Retirement series funds. Managed by Wyatt Lee (since August 2015), Kimberly DeDominicis (since October 2019), and Andrew Jacobs van Merlen (since January 2020), it operates within the global moderately conservative allocation category with a net expense ratio of 0.49% and no front-end or deferred loads.