T. Rowe Price Retirement 2050 Fund

Shareclass

T. Rowe Price Retirement 2050 (TRRMX)

Type

Open-end mutual fund

Manager

Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, below the threshold of 0.5%. Assigned a grade of C.
How we track deforestation-risk investments

10.42%

INVESTED IN DEFORESTATION-RISK COMPANIES

AGRIBUSINESS

deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy

BANKS AND LENDERS

that finance deforestation-risk agribusiness producers via lending and underwriting

MAJOR CONSUMER BRANDS

that use deforestation-risk agribusiness commodities in products

holdings flagged

10%

of assets flagged

This fund contains

$700.69 MILLION invested

in holdings flagged for deforestation risk

T. Rowe Price has huge investments in companies like Sysco, Tyson, Hormel and Sumitomo Rubber that grow, trade or use palm oil, cattle, rubber and soy in their products but have failed to eliminate deforestation from their operations. This means T. Rowe Price has a key role to play in voting for No Deforestation policies at these companies and engaging with company management to make sure these policies are implemented. In order to do that, T. Rowe Price needs to get its own house in order. Tell T. Rowe Price to adopt a No Deforestation Policy!

Sign the petition

Commodity producers

14 holdings

0.45% of assets

$30.37 MILLION invested

Banks and lenders

15 holdings

2.18% of assets

$146.87 MILLION invested

Major consumer brands

70 holdings

7.98% of assets

$537.9 MILLION invested

Commodity producers

14 HOLDINGS

Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.

14 HOLDINGS

% of portfolio
$ invested
1. Mitsubishi Corp
0.05%0.05% of portfolio
$3.67M$3.67M invested
2. Klabin SA Ctf de Deposito de Acoes Cons of 1 Sh ' 4 Pfd Shs
0.05%0.05% of portfolio
$3.35M$3.35M invested
3. Wilmar International Ltd
0.05%0.05% of portfolio
$3.3M$3.3M invested
4. Suzano SA
0.04%0.04% of portfolio
$3.03M$3.03M invested
5. Glencore PLC
0.04%0.04% of portfolio
$3.02M$3.02M invested

View next 5

Banks and lenders

15 HOLDINGS

Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

15 HOLDINGS

% of portfolio
$ invested
1. JPMorgan Chase & Co
0.7%0.7% of portfolio
$46.88M$46.88M invested
2. Bank of America Corp
0.44%0.44% of portfolio
$29.55M$29.55M invested
3. ING Groep NV
0.23%0.23% of portfolio
$15.62M$15.62M invested
4. Mitsubishi UFJ Financial Group Inc
0.14%0.14% of portfolio
$9.55M$9.55M invested
5. BNP Paribas Act. Cat.A
0.13%0.13% of portfolio
$8.73M$8.73M invested

View next 5

Major consumer brands

70 HOLDINGS

Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

70 HOLDINGS

% of portfolio
$ invested
1. Amazon.com Inc
1.99%1.99% of portfolio
$134.21M$134.21M invested
2. Procter & Gamble Co
0.54%0.54% of portfolio
$36.41M$36.41M invested
3. Johnson & Johnson
0.53%0.53% of portfolio
$35.7M$35.7M invested
4. Mondelez International Inc Class A
0.38%0.38% of portfolio
$25.77M$25.77M invested
5. Nestle SA
0.35%0.35% of portfolio
$23.76M$23.76M invested

View next 5

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DATA AS OF 30 Jun 2023

Sustainability report card

As You Sow’s Invest Your Values report card grades mutual funds on environmental and social issues, including climate change, gender equality, and weapon investments. Click through to get more details on each issue.

T. Rowe Price Retirement 2050 Fund TRRMX

Environment

Fossil fuels
Investments in coal, oil, and natural gas energy and utility companies, and related financial companies

Deforestation
Investments in deforestation-risk agricultural commodities, and related financial companies and consumer brands

Social

Gender equality
Gender equality group ranking, based on Equileap company data

Civilian firearms
Investments in civilian firearms manufacturers, and related gun retailers

Prison industrial complex
Investments in prisons and borders industry, including private prison operators

Military weapons
Investments in military arms manufacturers and services companies, including nuclear weapon manufacturers and servicers

Tobacco
Investments in tobacco and e-cigarette manufacturers, and tobacco-promoting entertainment companies

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Financial performance

Performance data provided by

Find more financial data on TRRMX at Morningstar.com

Current fund

TRRMX

T. Rowe Price Retirement 2050 Fund

Family

T. Rowe Price

Category

Target-Date 2050

Find another fund

vs.

Benchmark

IVV

iShares Core S&P 500 ETF

Family

iShares from BlackRock

Category

Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 7/31/23

1 year

3 years

5 years

10 years

Benchmark

Suggested: Not available

Fund comparison results

Compared to the benchmark, this fund has:

Lower 10-yr returns

-3.59% less in annualized returns

More invested in commodity producers

0.16% more invested

Less invested in banks and lenders

0.14% less invested

Less invested in major consumer brands

4.64% less invested

Current fund

TRRMX

T. Rowe Price Retirement 2050 Fund

Family

T. Rowe Price

Category

Target-Date 2050

Find another fund

vs.

Benchmark

IVV

iShares Core S&P 500 ETF

Family

iShares from BlackRock

Category

Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 7/31/23

1 year

3 years

5 years

10 years

Benchmark

Suggested: Not available

Fund comparison results

Compared to the benchmark, this fund has:

Lower 10-yr returns

-3.59% less in annualized returns

More invested in commodity producers

0.16% more invested

Less invested in banks and lenders

0.14% less invested

Less invested in major consumer brands

4.64% less invested

Current fund

TRRMX

T. Rowe Price Retirement 2050 Fund

Family

T. Rowe Price

Category

Target-Date 2050

Find another fund

vs.

Benchmark

IVV

iShares Core S&P 500 ETF

Family

iShares from BlackRock

Category

Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 7/31/23

1 year

3 years

5 years

10 years

Benchmark

Suggested: Not available

Fund comparison results

Compared to the benchmark, this fund has:

Lower 10-yr returns

-3.59% less in annualized returns

More invested in commodity producers

0.16% more invested

Less invested in banks and lenders

0.14% less invested

Less invested in major consumer brands

4.64% less invested

Month-end trailing returns

Performance as of date: 7/31/23

Morningstar suggested benchmark: Morningstar Mod Tgt Risk TR USD

Annualized returns

Deforestation analysis

1-yr

3-yr

5-yr

10-yr

This fund
TRRMX - T. Rowe Price Retirement 2050 Fund

12%

9.28%

8.01%

9.03%

0.45%

Benchmark

13%

14%

12%

13%

0.29%

Fund compared to benchmark

-1.3%

-4.4%

-4.15%

-3.59%

0.16% higher

Find more financial data on TRRMX at Morningstar.com

Take Action

Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.

SUPPORT THE PETITION

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Use Fossil Free Funds to check this fund's fossil fuel investments and carbon footprint.

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