T. Rowe Price Retirement 2005 Fund I Class (TRAJX)
| Fund Assets | 1.22B |
| Expense Ratio | 0.34% |
| Min. Investment | $500,000 |
| Turnover | 20.80% |
| Dividend (ttm) | 0.73 |
| Dividend Yield | 5.48% |
| Dividend Growth | 46.41% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 19, 2025 |
| Previous Close | 13.21 |
| YTD Return | 5.40% |
| 1-Year Return | 13.02% |
| 5-Year Return | n/a |
| 52-Week Low | 12.40 |
| 52-Week High | 13.34 |
| Beta (5Y) | n/a |
| Holdings | 26 |
| Inception Date | Nov 13, 2023 |
About TRAJX
T. Rowe Price Retirement 2005 Fund - I Class is a target-date mutual fund designed to help investors manage savings and withdrawals throughout retirement. The fund aims to provide a high total return, balancing both capital growth and income by investing in a diversified mix of underlying T. Rowe Price stock and bond funds that represent a wide array of asset classes and sectors. Its asset allocation strategy, known as a glide path, shifts gradually toward a more conservative mix of investments as time passes beyond the target retirement year—maintaining an exposure of at least 30% to equities even 30 years past the target date. This approach addresses the dual needs of income and long-term growth for retirees while recognizing the ongoing risks of market fluctuations and longevity. The fund periodically rebalances its portfolio to optimize risk and return in line with the evolving needs of investors in retirement, making it a foundational component for retirement planning within diversified portfolios.
Performance
TRAJX had a total return of 13.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.45%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
71.13% of assets| Name | Symbol | Weight |
|---|---|---|
| T. Rowe Price Limited Duration Inflation Focused Bond Fund Z Class | TRPZX | 18.56% |
| T. Rowe Price New Income Fund Z Class | TRVZX | 16.81% |
| T. Rowe Price Value Fund Z Class | TRZAX | 6.27% |
| T. Rowe Price International Bond Fund (USD Hedged) Z Class | TRMZX | 6.15% |
| T. Rowe Price Growth Stock Fund Z Class | TRJZX | 5.49% |
| T. Rowe Price Hedged Equity Fund-Z Class | PZHEX | 4.05% |
| T. Rowe Price Dynamic Global Bond Fund Z Class | TRDZX | 3.60% |
| T. Rowe Price Emerging Markets Bond Fund Z Class | TREZX | 3.55% |
| T. Rowe Price International Value Equity Fund Z Class | TROZX | 3.37% |
| T. Rowe Price U.S. Large-Cap Core Fund Z Class | TRZLX | 3.27% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 19, 2025 | $0.7278 | Dec 22, 2025 |
| Dec 20, 2024 | $0.4971 | Dec 23, 2024 |
| Dec 21, 2023 | $0.4897 | Dec 22, 2023 |