TRIKX Fees and Costs — T. Rowe Price Retirement 2045 Fund, I Class
Data updated: 2026-08-12
The net expense ratio is 0.43%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $22K in broker commissions, 0.0001% of average net assets, and portfolio turnover was 24%.
TRIKX Fees and Expenses
Annual operating expenses and sales charges of TRIKX. Prospectus, as of July 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.43% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.43% |
| Fee waiver | — |
| Net expense ratio | 0.43% |
| 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 |
TRIKX Costs Over Time
On $10,000 invested in TRIKX, assuming 5% a year before costs, total costs come to $272 over 5 years, cutting the return by 0.45% 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 0.43%) | $45 | $142 | $247 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $45 | $149 | $272 |
| Value after costs | $10,455 | $11,428 | $12,491 |
| Impact on return, per year | 0.45% | 0.45% | 0.45% |
TRIKX 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): 0.0001%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $120.8M
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
TRIKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Inc. | $8K | 34.30% |
| GOLDMAN SACHS & CO. LLC | $6K | 28.99% |
| BOFA SECURITIES, INC. | $4K | 16.91% |
| J.P. MORGAN SECURITIES LLC | $3K | 13.09% |
| MORGAN STANLEY & CO. LLC | $1K | 6.71% |
TRIKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $61.4M | 50.78% |
| ASL CAPITAL MARKETS INC. | $50.5M | 41.84% |
| J.P. MORGAN SECURITIES LLC | $8.9M | 7.38% |
T. Rowe Price Retirement 2045 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TRIKX | I Class | 0.43% | — |
| TRRKX | T. Rowe Price Retirement 2045 Fund | 0.60% | — |
| PARLX | Advisor Class | 0.85% | — |
| RRTRX | R Class | 1.10% | — |
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.