T. Rowe Price Retirement Balanced I Fund - I Class
Data updated: 2024-01-26
C000160454 — T. Rowe Price Retirement Balanced I Fund - I Class. Target Date / Glide Path Allocation. Holdings, fees, performance and SEC filings.
C000160454 Fund Overview
T. Rowe Price Retirement Balanced I 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: $589.51M
- 1-year return: 5.3%
- SEC CIK: 0001177017
- SEC series ID: S000050882
- Share class ID: C000160454
C000160454 Investment Objective and Strategy
T. Rowe Price Retirement Balanced I 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 is intended for retired investors who seek income and relative stability from bonds along with some capital appreciation potential from stocks. The funds neutral allocations, which are what T. Rowe Price considers broadly appropriate for investors during their retirement years, are 40% stock funds and 60% bond funds. These allocations are intended to reflect the need for reduced market risks, lower portfolio volatility, and an income stream throughout retirement. Although the fund is designed for investors already in retirement, you should be aware that it does not decrease its equity holdings and become increasingly conservative over time.
As such, you may want to consider a more conservative or more aggressive approach depending on your age and specific stage of retirement. The fund is designed to be part of an investors overall retirement strategy, but is not intended as a complete solution to an investors retirement needs. While the overall asset mix generally remains consistent over time, tactical decisions may be 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 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. 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 Balanced I Fund Asset Class Sector(s) Neutral Allocation I Class Fund(s) Stocks 40.00% U.S. Large-Cap Stocks 20.47% Equity Index 500, Growth Stock, and/or Value U.S. Mid-Cap Stocks 3.20 Mid-Cap Growth, Mid-Cap Index, and/or Mid-Cap Value U.S. Small-Cap Stocks 2.93 New Horizons, Small-Cap Index, Small-Cap Stock, and/or Small-Cap Value International Developed Market Stocks 9.69 International Stock, International Value Equity, and/or Overseas Stock International Emerging Market Stocks 1.71 Emerging Markets Stock Inflation Focused Stocks 2.00 Real Assets Bonds 60.00 Core Fixed Income 21.00 Dynamic Global Bond, International Bond (USD Hedged), and/or New Income Diversifying Fixed Income 39.00 Emerging Markets Bond, Floating Rate, High Yield, International Bond, Limited Duration Inflation Focused Bond, and/or U.S.
Treasury Long-Term
C000160454 Holdings
Top 10 holdings of T. Rowe Price Retirement Balanced I 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 | 18.85% |
| T Rowe Price New Income Fund Inc | 15.58% |
| T Rowe Price Growth Stock Fund Inc | 6.05% |
| T Rowe Price Value Fund Inc | 5.76% |
| T Rowe Price International Bond Fund - USD Hedged | 5.49% |
| T Rowe Price Hedged Equity Fund | 3.92% |
| T Rowe Price Dynamic Global Bond Fund | 3.77% |
| T Rowe Price Emerging Markets Bond Fund | 3.77% |
| T Rowe Price Equity Index 500 Fund | 3.65% |
| T Rowe Price High Yield Fund Inc | 3.55% |
C000160454 Portfolio Allocation
Asset-class allocation of T. Rowe Price Retirement Balanced I Fund - I Class by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.1% |
| Cash & Equivalents | 1.9% |
C000160454 Performance
Total returns for C000160454 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 5.3% |
| 3 years (annualised) | 1.4% |
C000160454 Risk Information
Risk metrics for C000160454, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.7%
C000160454 Costs and Fees
C000160454 costs about $34 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.34%
- Gross expense ratio: 0.34%
- Portfolio turnover: 26%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000160454 Cashflows
Over the 12 months to 2023-11, T. Rowe Price Retirement Balanced I Fund - I Class had net inflows of $401.46M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-11 | $34.37M |
| 2023-10 | $50.40M |
| 2023-09 | $52.12M |
| 2023-08 | $48.60M |
| 2023-07 | $27.18M |
| 2023-06 | $22.84M |
C000160454 Debt Constituents
No individual debt constituents are reported in T. Rowe Price Retirement Balanced I Fund - I Class's latest SEC N-PORT filing.
C000160454 Prospectus and SEC Filings
Official T. Rowe Price Retirement Balanced I 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.