Retirement Balanced I Fund - I Class
Invests in a diversified portfolio of other T. Rowe Price stock and bond funds that represent various asset classes and sectors. The fund’s allocation between T. Rowe Price stock and bond funds will change over time in relation to its target retirement date.
In general, the stock portion of the portfolio is subject to market risk, or falling share prices. The bond portion is affected by interest rate and credit risk.
Morningstar (Category)
Morningstar
(Overall Rating)1
Data as of 08/31/2021
Data as of 08/31/2021
Fund Manager Tenure2
Net Assets3
(USD)
Data as of 08/31/2021
Data as of 08/31/2021
Price
(USD)
Daily Price Change
Data as of 09/15/2021
Data as of 09/15/2021
Morningstar Ratings™ are based on risk-adjusted returns. Click on "Overall Rating" for the fund's 3-, 5-, and 10-year (if applicable) Morningstar Ratings™.
Strategy
Investment Objective
The fund seeks to provide the highest total return over time consistent with an emphasis on both capital growth and income.
Yields & Dividends (I Class)
30-Day SEC Standardized Yield
with waiver
N/AData as of N/A
without waiver
0.45%Data as of 08/31/2021
30-Day Annualized Dividend Yield
with waiver
N/A
Monthly Dividend
(USD)
$0.008387407
Data as of 08/31/2021
Monthly Dividend
Rate
N/A
Average Annual Total Returns (I Class)
1 YR
18.97%Benchmark
16.98%Value
1.99%Data as of 06/30/2021
3 YR
9.74%Benchmark
9.51%Value
0.23%Data as of 06/30/2021
5 YR
8.36%Benchmark
8.19%Value
0.17%Data as of 06/30/2021
Since Inception
8.48%Benchmark
8.22%Value
0.26%Data as of 06/30/2021
Expense Ratio
Gross
0.34%Net
0.34%Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when you sell your shares. Average annual total return figures include changes in principal value, reinvested dividends, and capital gain distributions.
Investors should note that short term returns greater than 40% are highly unusual and unlikely to be sustained.
Effective December 1, 2019, the "net" version of the international benchmark in the Combined Index Portfolio replaced the "gross" version of the international benchmark. The "net" version of the benchmark assumes the reinvestment of dividends after the deduction of withholding taxes. Prior performance of the international benchmark component has been restated to show net of withholding taxes.
Effective May 1, 2011, the Combined Index Portfolio for each fund changed to include the Russell 3000 Index, MSCI All Country World Index Ex-U.S. Net, the Bloomberg Barclays U.S. Aggregate Bond Index, and the Bloomberg Barclays U.S. 1-5 Year Treasury TIPS Index. Prior to this change, the Combined Index Portfolio for each fund was comprised of the Russell 3000 Index, the MSCI All Country World Index Ex-U.S. Net, the Bloomberg Barclays U.S. Aggregate Bond Index, and the FTSE 3-Month Treasury Bill Index. Each index is weighted at the appropriate strategic neutral allocation of its respective asset class, which is predetermined and changes over time. Historical benchmark representations were not restated to reflect the component benchmark changes.
The gross expense ratio reflects the fund expenses as stated in the fee table of the fund's prospectus prior to the deduction of any waiver or reimbursement. The net expense ratio reflects fund expenses after the deduction of any waiver or reimbursement. If a fund has an active contractual expense limitation, the expiration date is shown below the gross and net expense ratio values above. Expense ratios are as of the most recent prospectus.
Current Year Performance (I Class)
Daily YTD
8.15%Benchmark
7.30%Value
0.85%Data as of 09/15/2021
Monthly YTD
8.11%Benchmark
7.40%Value
0.71%Data as of 08/31/2021
One Month
1.03%Benchmark
0.95%Value
0.08%Data as of 08/31/2021
Three Months
2.49%Benchmark
2.87%Value
-0.38%Data as of 08/31/2021
Asset Allocation
Net Assets
(USD)
$533.3m
Holdings
Total
Holdings
23
Total Equity Holdings
15Total Fixed Income Holdings
8Sectors
Total
Sectors
13
Over
Trusts & Funds
By 0.04%Under
Information Technology
By -19.45%Team (As of )
Wyatt Lee, CFA
Co-Portfolio Manager
Wyatt Lee is a portfolio manager in the Multi-Asset Division. He is co-manager and head of the Target Date Strategies. Wyatt also is a member of the firm's Asset Allocation and Multi-Asset Steering Committees. Wyatt is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Trust Company, and T. Rowe Price Associates, Inc.
- Fund manager
since 2015 - Years at
T. Rowe Price 22 - Years investment
experience 24
Kim DeDominicis
Co-Portfolio Manager
Kim DeDominicis is a portfolio manager of the target date strategies in the Multi-Asset Division. She also leads the College Savings Plan investment efforts. Kim is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Trust Company, and T. Rowe Price Associates, Inc.
- Years at
T. Rowe Price 21 - Years investment
experience 21
Andrew Jacobs Van Merlen, CFA
Co-Portfolio Manager
Andrew Jacobs van Merlen is a portfolio manager and co-portfolio manager for the target date strategies in the Multi-Asset Division. Andrew is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Trust Company, T. Rowe Price Associates, Inc., and T. Rowe Price International Ltd.
- Years at
T. Rowe Price 20 - Years investment
experience 18
Joseph F. Martel, CFA, CAIA
Portfolio Specialist
Joe Martel is a portfolio specialist in the Multi-Asset Division. He is a member the Target Date Solutions investment team. Joe is a vice president of T. Rowe Price Group, Inc.
- Years at
T. Rowe Price 19 - Years investment
experience 19
Kathryn Farrell, CFA
Portfolio Specialist
Kathryn Farrell is a portfolio specialist covering the target date strategies in the Multi-Asset Division.
- Years at
T. Rowe Price 4 - Years investment
experience 14
How to Invest
View platform information| Share Class | Min Initial Investment (USD) | Min Subsequent Investment (USD) | 12b-1 Fee | Expense Ratio | |||
|---|---|---|---|---|---|---|---|
| Gross | Net | Limitation Type | Limitation Expiration Date | ||||
|
I Class Cusip 872797840 |
$1,000,000* | N/A | 0.00% | 0.34% | 0.34% | N/A | N/A |
* Minimum initial investment $1,000,000. Minimum is generally waived for intermediaries, certain retirement plans, and certain institutional client accounts.
The principal value of the Retirement I Funds – I class is not guaranteed at any time, including at or after the target date, which is the approximate year an investor plans to retire (assumed to be age 65) and likely stop making new investments in the fund. If an investor plans to retire significantly earlier or later than age 65, the funds may not be an appropriate investment even if the investor is retiring on or near the target date. The funds’ allocations among a broad range of underlying T. Rowe Price stock and bond funds will change over time. The funds emphasize potential capital appreciation during the early phases of retirement asset accumulation, balance the need for appreciation with the need for income as retirement approaches, and focus on supporting an income stream over a long-term postretirement withdrawal horizon. The funds are not designed for a lump-sum redemption at the target date and do not guarantee a particular level of income. The funds maintain a substantial allocation to equities both prior to and after the target date, which can result in greater volatility over shorter time horizons.
© 2021 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Number of years managing the fund. In the case of co-portfolio management, the longer tenure is displayed.
Figure applies to all share classes.
London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2021. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
Wyatt Lee is a portfolio manager in the Multi-Asset Division. He is co-manager and head of the Target Date Strategies. Wyatt also is a member of the firm's Asset Allocation and Multi-Asset Steering...
Kim DeDominicis is a portfolio manager of the target date strategies in the Multi-Asset Division. She also leads the College Savings Plan investment efforts. Kim is a vice president of T. Rowe Pric...