T. Rowe Price Retirement I 2005 Fund - I Class
Data updated: 2024-01-26
C000160450 — T. Rowe Price Retirement I 2005 Fund - I Class. Target Date / Glide Path Allocation · $311.66M AUM. Holdings, fees, performance and SEC filings.
C000160450 Fund Overview
T. Rowe Price Retirement I 2005 Fund - I Class is a US mutual fund managed by T. Rowe Price Retirement Funds, Inc., categorised as Target Date / Glide Path Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: T. Rowe Price Retirement Funds, Inc.
- Category: Target Date / Glide Path Allocation
- Assets under management: $311.66M
- 1-year return: 5.5%
- SEC CIK: 0001177017
- SEC series ID: S000050878
- Share class ID: C000160450
C000160450 Investment Objective and Strategy
T. Rowe Price Retirement I 2005 Fund - I Class describes its objective and strategy as follows, from its latest prospectus filed with the SEC by T. Rowe Price Retirement Funds, Inc..
Investment objective
The fund seeks the highest total return over time consistent with an emphasis on both capital growth and income.
Principal investment strategy
The fund pursues its objective by investing 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. The fund is managed based on the specific retirement year (target date 2005) included in its name and assumes a retirement age of 65. The target date refers to the approximate year an investor in the fund would plan to retire and likely stop making new investments in the fund. The fund is designed for an investor who retired at or about the target date and who plans to withdraw the value of the account in the fund gradually after retirement. However, if an investor retires earlier or later than age 65, the fund may not be an appropriate investment even if the investor retires on or near the funds target date.
Over time, the allocation to asset classes and funds will change according to a predetermined ?glide path? shown in the following chart. The glide path represents the shifting of asset classes over time and shows how the fund?s asset mix becomes more conservative?both prior to and after retirement?as time elapses. This reflects the need for reduced market risks as retirement approaches and the need for lower portfolio volatility after retiring. Although the glide path is meant to dampen the fund?s potential volatility as retirement approaches, the fund is not designed for a lump sum redemption at the retirement date. The fund pursues an asset allocation strategy that promotes asset accumulation prior to retirement, but it is intended to also serve as a post-retirement investment vehicle with allocations designed to support an income stream made up of regular withdrawals throughout retirement along with some portfolio growth that exceeds inflation.
After the target date, the fund is designed to balance longevity and inflation risks along with the need for some income, although it does not guarantee a particular level of income. Retirement I Funds Glide Path Had the fund been in existence at its target date, the funds allocation to stocks would have been approximately 55% of its assets. The funds overall exposure to stocks will continue to decline until approximately 30 years after its target date, when its allocation to stocks will remain fixed at approximately 20% of its assets and the remainder will be invested in bonds. There are no maturity restrictions within the funds overall allocation to bonds, although the bond funds in which the fund invests may impose specific limits on maturity or credit quality. The allocations are referred to as neutral allocations because they are strategic and do not reflect any tactical decisions made by T.
Rowe Price to overweight or underweight a particular asset class or sector based on its market outlook. The target allocations assigned to the broad asset classes (Stocks and Bonds), which reflect these tactical decisions resulting from market outlook, are not expected to vary from the neutral allocations set forth in the glide path by more than plus (+) or minus (-) five percentage (5%) points. The following table illustrates how the portfolio is generally expected to be allocated between the asset classes and the underlying T. Rowe Price Funds that are used to represent the broad asset classes and specific sectors. The funds overall allocation to stocks is represented by a diversified mix of U.S. and international stock funds that employ both growth and value investment approaches and consist of large-cap, mid-cap, and small-cap stocks.
The funds overall allocation to bonds is represented by a core fixed income component designed to have lower overall volatility and a diversifying fixed income component designed to respond to a variety of market conditions and improve risk adjusted returns. The information in the table represents the neutral allocations for the fund as of October 1, 2018. The target allocations and actual allocations may differ. The funds shareholder reports set forth its actual allocations between stock funds and bond funds and to the individual T. Rowe Price Funds. Retirement I 2005 Fund Asset Class Sector(s) Neutral Allocation I Class Fund(s) Stocks 36.50% U.S. Large-Cap Stocks 18.69% Equity Index 500, Growth Stock, and/or Value U.S. Mid-Cap Stocks 2.92 Mid-Cap Growth, Mid-Cap Index, and/or Mid-Cap Value U.S.
Small-Cap Stocks 2.67 New Horizons, Small-Cap Index, Small-Cap Stock, and/or Small-Cap Value International Developed Market Stocks 8.84 International Stock, International Value Equity, and/or Overseas Stock International Emerging Market Stocks 1.56 Emerging Markets Stock Inflation Focused Stocks 1.82 Real Assets Bonds 63.50 Core Fixed Income 31.15 Dynamic Global Bond, International Bond (USD Hedged), and/or New Income Diversifying Fixed Income 32.35 Emerging Markets Bond, Floating Rate, High Yield, International Bond, Limited Duration Inflation Focused Bond, and/or U.S. Treasury Long-Term
C000160450 Holdings
Top 10 holdings of T. Rowe Price Retirement I 2005 Fund - I Class by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| T Rowe Price Limited Duration Inflation Focused Bond Fund | 16.17% |
| T Rowe Price New Income Fund Inc | 15.57% |
| T Rowe Price Growth Stock Fund Inc | 6.34% |
| T Rowe Price Value Fund Inc | 6.06% |
| T Rowe Price International Bond Fund - USD Hedged | 5.41% |
| T Rowe Price Hedged Equity Fund | 4.10% |
| T Rowe Price Equity Index 500 Fund | 3.84% |
| T Rowe Price Emerging Markets Bond Fund | 3.74% |
| T Rowe Price Dynamic Global Bond Fund | 3.74% |
| T Rowe Price US Large-Cap Core Fund Inc | 3.54% |
C000160450 Portfolio Allocation
Asset-class allocation of T. Rowe Price Retirement I 2005 Fund - I Class by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.3% |
| Cash & Equivalents | 1.9% |
C000160450 Performance
Total returns for C000160450 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 5.5% |
| 3 years (annualised) | 1.2% |
C000160450 Risk Information
Risk metrics for C000160450, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.1%
C000160450 Costs and Fees
C000160450 costs about $34 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.34%
- Gross expense ratio: 0.34%
- Portfolio turnover: 37%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000160450 Cashflows
Over the 12 months to 2023-11, T. Rowe Price Retirement I 2005 Fund - I Class had net inflows of $206.08M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-11 | $14.47M |
| 2023-10 | $24.43M |
| 2023-09 | $9.74M |
| 2023-08 | $18.49M |
| 2023-07 | $21.41M |
| 2023-06 | $8.52M |
C000160450 Debt Constituents
No individual debt constituents are reported in T. Rowe Price Retirement I 2005 Fund - I Class's latest SEC N-PORT filing.
C000160450 Prospectus and SEC Filings
Official T. Rowe Price Retirement I 2005 Fund - I Class filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-09-28
- Prospectus (485BPOS) — filed 2022-09-29
- Prospectus (485BPOS) — filed 2021-09-28
- Portfolio holdings (N-PORT) — filed 2024-01-26
- Portfolio holdings (N-PORT) — filed 2023-10-27
- Portfolio holdings (N-PORT) — filed 2023-07-27
- Annual census (N-CEN) — filed 2023-08-11
- Annual census (N-CEN) — filed 2022-08-08
Related Funds
Other Target Date / Glide Path Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.