T. Rowe Price Target 2045 Advisor (PAFFX)
| Fund Assets | 458.78M |
| Expense Ratio | 0.85% |
| Min. Investment | $2,500 |
| Turnover | 23.50% |
| Dividend (ttm) | 0.42 |
| Dividend Yield | 2.15% |
| Dividend Growth | -0.96% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 23, 2024 |
| Previous Close | 19.59 |
| YTD Return | 15.11% |
| 1-Year Return | 13.86% |
| 5-Year Return | 57.36% |
| 52-Week Low | 15.48 |
| 52-Week High | 19.66 |
| Beta (5Y) | n/a |
| Holdings | 25 |
| Inception Date | Aug 20, 2013 |
About PAFFX
T. Rowe Price Target 2045 Fund Advisor Class is a target-date mutual fund designed for individuals planning to retire around the year 2045. Its primary function is to provide long-term growth of capital and income by dynamically adjusting its mix of underlying T. Rowe Price-managed stock and bond funds to align with a projected retirement timeline. The fund’s asset allocation starts with a significant emphasis on equities to pursue capital appreciation, gradually shifting toward a higher proportion of fixed income securities as the target date approaches to manage risk and support income needs in retirement. This glide path strategy reflects the evolving risk tolerance and income requirements of an investor as retirement nears. The fund is broadly diversified across domestic and international equities, fixed income, and other asset classes, offering exposure to various sectors of the global economy. It is routinely evaluated and repositioned by professional managers, playing an important role as a one-fund retirement solution in employer-sponsored retirement plans and individual retirement accounts. As part of the T. Rowe Price series of target-date funds, it seeks to balance growth potential with risk reduction over the long term, supporting investors planning for a specific retirement goal.
Performance
PAFFX had a total return of 13.86% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.77%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| TRFWX | -i Class | 0.43% |
Top 10 Holdings
77.14% of assets| Name | Symbol | Weight |
|---|---|---|
| T. Rowe Price Growth Stock Z | TRJZX | 13.20% |
| T. Rowe Price Value Z | TRZAX | 12.88% |
| T. Rowe Price US Large-Cap Core Z | TRZLX | 8.86% |
| T. Rowe Price Equity Index 500 Z | TRHZX | 7.67% |
| T. Rowe Price International Value Eq Z | TROZX | 7.63% |
| T. Rowe Price Overseas Stock Z | TRZSX | 6.72% |
| T. Rowe Price Real Assets Z | TRZRX | 5.86% |
| T. Rowe Price New Income Z | TRVZX | 5.74% |
| T. Rowe Price International Stock Z | TRNZX | 5.61% |
| T. Rowe Price Mid-Cap Growth Z | TRQZX | 2.97% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 23, 2024 | $0.4219 | Dec 24, 2024 |
| Dec 22, 2023 | $0.426 | Dec 26, 2023 |
| Dec 22, 2022 | $0.751 | Dec 23, 2022 |
| Dec 22, 2021 | $0.111 | Dec 23, 2021 |
| Dec 22, 2020 | $0.440 | Dec 23, 2020 |
| Dec 20, 2019 | $0.590 | Dec 23, 2019 |