T. Rowe Price Target 2005 Fund (TRARX)

Fund Assets	48.43M
Expense Ratio	0.46%
Min. Investment	$2,500
Turnover	n/a
Dividend (ttm)	0.48
Dividend Yield	3.97%
Dividend Growth	12.39%
Payout Frequency	Annual
Ex-Dividend Date	Dec 22, 2025

Previous Close	12.07
YTD Return	4.03%
1-Year Return	5.37%
5-Year Return	19.79%
52-Week Low	11.48
52-Week High	12.34
Beta (5Y)	0.46
Holdings	27
Inception Date	Aug 20, 2013

About TRARX

TRARX was founded on 2013-08-20. The Fund's investment strategy focuses on Flexible Portfolio with 0.2% total expense ratio. The minimum amount to invest in T Rowe Price Retirement Funds, Inc: T Rowe Price Target 2005 Fund is $2,500 on a standard taxable account. T Rowe Price Retirement Funds, Inc: T Rowe Price Target 2005 Fund seeks the highest total return over time consistent with an emphasis on both capital growth and income. TRARX invests in a diversified portfolio of other T. Rowe Price stock and bond funds that represent various asset classes and sectors. Allocation changes over time in relation to its target retirement date.

• Category: Target-Date 2000-2010
• Stock Exchange: Nasdaq
• Ticker Symbol: TRARX
• Index: S&P Target Date Retirement Income TR

Performance

TRARX had a total return of 5.37% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.00%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
TFRRX	-i Class	0.30%
PANRX	-advisor Class	0.70%

Top 10 Holdings

76.95% of assets

Name	Symbol	Weight
T. Rowe Price Ltd Dur Infl Focus Bd Z	TRPZX	20.60%
T. Rowe Price New Income Z	TRVZX	19.75%
T. Rowe Price Intl Bd (USD Hdgd) Z	TRMZX	7.44%
T. Rowe Price Value Z	TRZAX	5.41%
T. Rowe Price Growth Stock Z	TRJZX	5.17%
T. Rowe Price Dynamic Global Bond Z	TRDZX	4.50%
T. Rowe Price Emerging Markets Bond Z	TREZX	4.47%
T. Rowe Price High Yield Z	TRKZX	3.41%
T. Rowe Price Hedged Equity Z	PZHEX	3.28%
T. Rowe Price US Large-Cap Core Z	TRZLX	2.92%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 22, 2025	$0.6958	Dec 23, 2025
Dec 23, 2024	$0.4286	Dec 24, 2024
Dec 22, 2023	$0.3384	Dec 26, 2023
Dec 22, 2022	$0.8664	Dec 23, 2022
Dec 22, 2021	$0.263	Dec 23, 2021
Dec 22, 2020	$0.570	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:

Oct 16, 2026

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