T. Rowe Price Retirement Income 2020 Fund Investor Class (TRLAX)
| Fund Assets | 187.36M |
| Expense Ratio | 0.51% |
| Min. Investment | $500,000 |
| Turnover | 19.10% |
| Dividend (ttm) | 0.86 |
| Dividend Yield | 9.19% |
| Dividend Growth | 8.92% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 16, 2026 |
| Previous Close | 9.41 |
| YTD Return | 2.83% |
| 1-Year Return | 12.94% |
| 5-Year Return | 25.80% |
| 52-Week Low | 7.75 |
| 52-Week High | 9.47 |
| Beta (5Y) | 0.58 |
| Holdings | 27 |
| Inception Date | May 25, 2017 |
About TRLAX
T. Rowe Price Retirement Income 2020 Fund Investor Class is a target-date mutual fund designed to provide monthly income for investors at or near retirement. The fund’s allocation strategy seeks a balance of income generation, capital preservation, and diversification by investing primarily in a mix of T. Rowe Price stock and bond funds that span various asset classes and sectors. Its composition evolves over time, progressively shifting toward more conservative investments as investors enter the retirement phase. As of mid-2025, the fund maintains significant holdings in both U.S. and international equities, core and return-seeking fixed income instruments, hedged equity funds, and inflation-focused bond funds, reflecting its broad diversification. It is actively managed and pursues stability with moderate credit and interest rate sensitivity, targeting those who retired around the year 2020. With an expense ratio near 0.51%, the fund offers a consistent stream of monthly distributions and is positioned as a foundational component in retirement portfolios, aiming to sustain income while mitigating market risks in later life.
Performance
TRLAX had a total return of 12.94% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.49%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| TRABX | -i Class | 0.36% |
Top 10 Holdings
69.00% of assets| Name | Symbol | Weight |
|---|---|---|
| T. Rowe Price New Income Z | TRVZX | 14.91% |
| T. Rowe Price Ltd Dur Infl Focus Bd Z | TRPZX | 12.19% |
| T. Rowe Price Value Z | TRZAX | 7.29% |
| T. Rowe Price Growth Stock Z | TRJZX | 7.18% |
| T. Rowe Price Intl Bd (USD Hdgd) Z | TRMZX | 5.48% |
| T. Rowe Price Hedged Equity Z | PZHEX | 5.15% |
| T. Rowe Price Equity Index 500 Z | TRHZX | 4.46% |
| T. Rowe Price International Value Eq Z | TROZX | 4.36% |
| T. Rowe Price US Large-Cap Core Z | TRZLX | 4.35% |
| T. Rowe Price Overseas Stock Z | TRZSX | 3.63% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 16, 2026 | $0.040 | Jan 20, 2026 |
| Dec 30, 2025 | $0.3793 | Dec 30, 2025 |
| Dec 16, 2025 | $0.0405 | Dec 17, 2025 |
| Nov 18, 2025 | $0.0405 | Nov 19, 2025 |
| Oct 16, 2025 | $0.0405 | Oct 17, 2025 |
| Sep 16, 2025 | $0.0405 | Sep 17, 2025 |