T. Rowe Price Target Retirement 2020 Fund
TRRUX
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.Quarterly Dividends 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
- Aug 22, 2013
- CIK
- 0001177017
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Target Retirement 2020 Fund (TRRUX) is an open-end mutual fund that seeks the highest total return over time, consistent with an emphasis on both capital growth and income, by investing in a diversified portfolio of other T. Rowe Price stock, bond, and money market mutual funds representing various asset classes and sectors; core holdings include T. Rowe Price Limited Duration Inflation Focused Bond Fund Z Class (approximately 20%), T. Rowe Price New Income Fund Z Class (approximately 16%), T. Rowe Price International Bond Fund (USD Hedged) Z Class (approximately 6%), T. Rowe Price Value Fund Z Class (approximately 5%), and T. Rowe Price Growth Stock Fund Z Class (approximately 5%), with allocations across U.S. bonds (44%), U.S. stocks (26%), non-U.S. bonds (12%), non-U.S. stocks (11%), and cash (7%). The fund follows a target-date glide path based on the year 2020, assuming investors retire around age 65 and begin gradual withdrawals thereafter, with asset allocations shifting toward fixed income as the target date approaches and remaining at approximately 20% equities 30 years post-target; it serves individual and institutional retirement savers in the target-date 2020 Morningstar category, with total net assets of approximately $272 million, a net expense ratio of 0.48%, and availability primarily in the United States. Launched on August 20, 2013, and managed by Wyatt Lee (since inception), Kimberly DeDominicis (since 2019), and Andrew Jacobs van Merlen (since 2020), the fund operates from T. Rowe Price Group, Inc.'s headquarters in Baltimore, Maryland, which was founded in 1937. In recent developments, T. Rowe Price announced a strategic partnership with Goldman Sachs in September 2025, involving a up to $1 billion investment for up to 3.5% ownership to expand private asset offerings, followed by the December 2025 launch of co-branded model portfolios for retirement investors; additionally, in January 2025, T. Rowe Price acquired Oak Hill Advisors for $7.5 billion to bolster its private credit capabilities within the private markets platform, enhancing alternatives access for funds like TRRUX through potential underlying integrations.