T. Rowe Price Retirement 2045 R (RRTRX)

Fund Assets	18.72B
Expense Ratio	1.10%
Min. Investment	$2,500
Turnover	13.00%
Dividend (ttm)	0.24
Dividend Yield	0.86%
Dividend Growth	14.53%
Payout Frequency	Annual
Ex-Dividend Date	Dec 19, 2025

Previous Close	27.88
YTD Return	13.59%
1-Year Return	20.08%
5-Year Return	48.18%
52-Week Low	23.74
52-Week High	28.17
Beta (5Y)	0.86
Holdings	29
Inception Date	May 31, 2007

About RRTRX

T. Rowe Price Retirement 2045 Fund - R Class is a target-date mutual fund designed to pursue long-term total return with an emphasis on both capital growth and income. It is an actively managed “fund of funds,” allocating across T. Rowe Price’s underlying stock and bond funds to provide diversified exposure to multiple asset classes and sectors. The fund’s allocation follows a glide path that starts heavily in equities decades before retirement and gradually increases fixed income exposure as the 2045 target date approaches, seeking to balance growth potential with risk reduction over time. Notable underlying holdings span U.S. large-cap growth and value, international equities, and real assets, complemented by core fixed income sleeves. The strategy is benchmarked to the S&P Target Date 2045 Index and aims to deliver a professionally managed, all-in-one portfolio that adjusts automatically as investors age. With a long track record since 2007 and sizable assets, it serves as a core retirement solution for participants seeking systematic, age-based asset allocation within a single vehicle.

• Fund Family: T. Rowe Price
• Category: Target-Date 2045
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: RRTRX
• Share Class: -r Class
• Index: S&P Target Date 2045 TR

Performance

RRTRX had a total return of 20.08% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.19%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
TRIKX	-i Class	0.43%
PARLX	-advisor Class	0.85%

Top 10 Holdings

82.15% of assets

Name	Symbol	Weight
T. Rowe Price Value Z	TRZAX	15.90%
T. Rowe Price Growth Stock Z	TRJZX	15.86%
T. Rowe Price US Large-Cap Core Z	TRZLX	8.71%
T. Rowe Price Equity Index 500 Z	TRHZX	8.52%
T. Rowe Price International Value Eq Z	TROZX	7.72%
T. Rowe Price Overseas Stock Z	TRZSX	7.27%
T. Rowe Price International Stock Z	TRNZX	6.37%
T. Rowe Price Real Assets Z	TRZRX	5.40%
T. Rowe Price Em Mkts Discv Stk Z	TRFZX	3.20%
T. Rowe Price Mid-Cap Value Z	TRTZX	3.20%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 19, 2025	$0.8554	Dec 22, 2025
Dec 20, 2024	$0.3377	Dec 23, 2024
Dec 21, 2023	$0.7908	Dec 22, 2023
Dec 21, 2022	$1.2612	Dec 22, 2022
Dec 21, 2021	$1.474	Dec 22, 2021
Dec 22, 2020	$0.890	Dec 23, 2020

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 26, 2026

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