Release Date: 09-30-2017
T. Rowe Price Retirement 2055 Tr-B ...................................................................................................................................................................................................................................................................................................................................... Benchmark
Overall Morningstar Rating™
S&P Target Date 2055 TR USD
QQQQQ
Morningstar Return
Morningstar Risk
High
Average
Out of 149 Target-Date 2055 investments. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure page for details.
Investment Information
Allocation of Assets
Investment Objective & Strategy
The objective of the Retirement 2055 Trust is to provide the highest total return over time consistent with an emphasis on both capital growth and income. The trust invests in a diversified portfolio of T. Rowe Price common trust funds that represent various asset classes and sectors. Over time, the Trust's allocation to bonds will increase and its allocation to stocks will decrease. Thirty years after its target date, the trust's allocation to stocks will remain fixed at approximately 20%. Fees and Expenses as of 04-01-17
Expense Ratio Total Annual Operating Exp per $1000 Maximum Sales Charge 12b-1 Fee Redemption Fee/Term
0.40% $ 4.00 . . .
Portfolio Manager(s)
Jerome A. Clark, CFA (1999). B.S., United States Naval Academy. M.S., Naval Postgraduate School. M.B.A., Johns Hopkins University. Wyatt A. Lee, CFA. M.B.A., University of Washington 1998. B.S., Vanderbilt University 1993. Operations and Management
Stocks
60
Cash
40 20 0
Other
45
35
Category Best 3 Month Return
Worst 3 Month Return
10.98% (Sep '13 - Nov '13)
-8.06% (Jul '15 - Sep '15)
-10
Performance as of 09-30-17 Trailing Returns
Investment Return % Benchmark Return % Category Average %
YTD
1 Year
3 Year
5 Year
10 Year
Since Inception
17.40 14.33 15.26
18.17 16.94 16.60
9.10 8.47 7.82
11.78 11.19 10.21
. . .
12.46 . 10.85
The performance data quoted reflects past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower than the performance data quoted. For the most recent month end performance information, please call 1-800-922-9945, or visit rps.troweprice.com.
Portfolio Analysis Composition as of 09-30-17
% Assets
U.S. Stocks Non-U.S. Stocks Bonds Cash Other
55.1 29.8 10.2 3.2 1.7
Morningstar Style Box™ Equity (as of 09-30-17)
Value Blend Growth
Top 5 Holdings as of 09-30-17
T Rowe Price U S Treas Money Mkt Tr Microsoft Corp Apple Inc JPMorgan Chase & Co Amazon.com Inc
% Assets
3.08 1.72 1.42 1.25 1.14
Fixed Income (as of 09-30-17)
Low
High
-5
Med
Moderate
0
High
Investment
Low
5
Small
Volatility And Risk
15
Target-date investment options typically invest in other investments and are designed for investors who plan to retire during the target date year. The investment's target date is the approximate date of when investors expect to begin withdrawing their money. A Target-date investment's objective/strategy typically becomes more conservative over time primarily by reducing its allocation to equity investments and increasing its allocations in fixed-income investments. An investor's principal value in a target-date investment option is not guaranteed at anytime, including at the investment's target date.
Category Description: Target-Date 2055
Target-date portfolios provide a diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind (in this case, the years 2051-2055) for retirement. These portfolios aim to provide investors with an optimal level of return and risk, based solely on the target date. Management adjusts the allocation among asset classes to more-conservative mixes as the target date approaches, following a preset glide path. A target-date portfolio is part of a series of funds offering multiple retirement dates to investors.
25
Years Until Retirement
Large Mid
Inception Date 01-13-12 Management Company T. Rowe Price Trust Company Telephone 410-345-2000 Web Site www.troweprice.com Issuer T. Rowe Price Trust Company
% Allocation Bonds
100 80
Ltd
Mod
Ext
Morningstar Equity Super Sectors as of 09-30-17
% Fund
h Cyclical j Sensitive k Defensive
37.91 35.95 26.15
.......................................................................................................
Total Number of Stock Holdings Total Number of Bond Holdings Turnover Ratio % Total Assets ($mil)
Principal Risks
1630 2595 11.90 196.52
For more information on the risks presented, please refer to http://rps.troweprice.com/riskglossary
Credit and Counterparty, Foreign Securities, Loss of Money, Not FDIC Insured, Capitalization, Active Management, Interest Rate, Market/Market Volatility, Depositary Receipts, Distressed Investments, Equity Securities, IPO, Inverse Floaters, Restricted/Illiquid Securities, Pricing, Shareholder Activity, Compounding, Reliance on Trading Partners
RM2
©2017 Morningstar, Inc., Morningstar Investment Profiles™ 312-696-6000. 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 information. Past performance is no guarantee of future performance. Visit our investment website at www.morningstar.com.
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