T. Rowe Price Retirement 2005 I (TRAJX)

Fund Assets	1.22B
Expense Ratio	0.337%
Min. Investment	$500,000
Turnover	20.80%
Dividend (ttm)	0.45
Dividend Yield	3.39%
Dividend Growth	14.16%
Payout Frequency	Annual
Ex-Dividend Date	Dec 19, 2025

Previous Close	13.19
YTD Return	4.68%
1-Year Return	6.44%
5-Year Return	n/a
52-Week Low	12.40
52-Week High	13.46
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.

• Fund Family: T. Rowe Price
• Category: Target-Date 2000-2010
• Performance Rating: Above Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: TRAJX
• Share Class: -i Class
• Index: Bloomberg U.S. Aggregate Bond TR

Performance

TRAJX had a total return of 6.44% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.62%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FFWTX	Fidelity	Fidelity Freedom Index 2010 Fund Institutional Premium Class	0.08%
FKIFX	Fidelity	Fidelity Freedom Index 2010 Fund Investor Class	0.12%
FCYPX	Fidelity	Fidelity Freedom Index 2010 Premier	0.05%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
PARGX	-advisor Class	0.74%
RRTLX	-r Class	0.99%

Top 10 Holdings

73.15% of assets

Name	Symbol	Weight
T. Rowe Price Ltd Dur Infl Focus Bd Z	TRPZX	18.67%
T. Rowe Price New Income Z	TRVZX	17.07%
T. Rowe Price Intl Bd (USD Hdgd) Z	TRMZX	6.47%
T. Rowe Price Growth Stock Z	TRJZX	6.40%
T. Rowe Price Value Z	TRZAX	6.25%
T. Rowe Price Hedged Equity Z	PZHEX	4.00%
T. Rowe Price Dynamic Global Bond Z	TRDZX	3.91%
T. Rowe Price Emerging Markets Bond Z	TREZX	3.74%
T. Rowe Price US Large-Cap Core Z	TRZLX	3.43%
T. Rowe Price Equity Index 500 Z	TRHZX	3.21%

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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

Data Sources Report a data error