TRFHX Fees and Costs — T. Rowe Price Retirement 2030 Fund, I Class
Data updated: 2026-08-12
The net expense ratio is 0.39%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $70K in broker commissions, 0.0002% of average net assets, and portfolio turnover was 26%.
TRFHX Fees and Expenses
Annual operating expenses and sales charges of TRFHX. Prospectus, as of July 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.39% |
| Fee waiver | — |
| Net expense ratio | 0.39% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
TRFHX Costs Over Time
On $10,000 invested in TRFHX, assuming 5% a year before costs, total costs come to $247 over 5 years, cutting the return by 0.41% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.39%) | $41 | $129 | $224 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $6 | $23 |
| Total costs | $41 | $135 | $247 |
| Value after costs | $10,459 | $11,441 | $12,516 |
| Impact on return, per year | 0.41% | 0.41% | 0.41% |
TRFHX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0002%
- Total broker commissions: $70K
- Bought from dealers (principal trades, not a cost): $247.1M
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
TRFHX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $18K | 25.73% |
| BOFA SECURITIES, INC. | $17K | 24.14% |
| Citigroup Inc. | $16K | 22.85% |
| J.P. MORGAN SECURITIES LLC | $14K | 20.67% |
| MORGAN STANLEY & CO. LLC | $5K | 6.61% |
TRFHX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| ASL CAPITAL MARKETS INC. | $126.7M | 51.28% |
| MORGAN STANLEY & CO. LLC | $80.7M | 32.66% |
| J.P. MORGAN SECURITIES LLC | $39.6M | 16.03% |
| BOFA SECURITIES, INC. | $60K | 0.02% |
T. Rowe Price Retirement 2030 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TRFHX | I Class | 0.39% | — |
| TRRCX | T. Rowe Price Retirement 2030 Fund | 0.55% | — |
| PARCX | Advisor Class | 0.80% | — |
| RRTCX | R Class | 1.05% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.