T. Rowe Price Retirement 2050 Fund

Shareclass
T. Rowe Price Retirement 2050 (TRRMX)
Type
Open-end mutual fund
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
C
10.21%
INVESTED IN DEFORESTATION-RISK COMPANIES
producers
AGRIBUSINESS
deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy
banks
BANKS AND LENDERS
that finance deforestation-risk agribusiness producers via lending and underwriting
consumers
MAJOR CONSUMER BRANDS
that use deforestation-risk agribusiness commodities in products
93
holdings flagged
10%
of assets flagged
This fund contains
 $1.59 BILLION 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
producers
Commodity producers
13 holdings
0.42% of assets
$65.61 MILLION invested
banks
Banks and lenders
17 holdings
2.61% of assets
$406.02 MILLION invested
consumers
Major consumer brands
70 holdings
7.32% of assets
$1.14 BILLION invested
Commodity producers
Commodity producers
13 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%.
13 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Glencore PLC
    Soy producerPalm oil producer
    0.08%0.08% of portfolio
    $13.19M$13.19M invested
    Soy producerPalm oil producer
  • 2. International Paper Co
    Paper/pulp producer
    0.06%0.06% of portfolio
    $8.95M$8.95M invested
    Paper/pulp producer
  • 3. Klabin SA Ctf de Deposito de Acoes Cons of 1 Sh ' 4 Pfd Shs
    Timber producerPaper/pulp producer
    0.05%0.05% of portfolio
    $8M$8M invested
    Timber producerPaper/pulp producer
  • 4. Mitsubishi Corp
    Palm oil producer
    0.05%0.05% of portfolio
    $7.72M$7.72M invested
    Palm oil producer
  • 5. Tyson Foods Inc Class A
    Soy producerCattle producer
    0.04%0.04% of portfolio
    $6.88M$6.88M invested
    Soy producerCattle producer
View next 5
Banks and lenders
Banks and lenders
17 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).
17 HOLDINGS
  • % of portfolio
    $ invested
  • 1. JPMorgan Chase & Co
    0.82%0.82% of portfolio
    $127.29M$127.29M invested
  • 2. Bank of America Corp
    0.46%0.46% of portfolio
    $71.57M$71.57M invested
  • 3. ING Groep NV
    0.29%0.29% of portfolio
    $45.1M$45.1M invested
  • 4. Citigroup Inc
    0.19%0.19% of portfolio
    $29.59M$29.59M invested
  • 5. Mitsubishi UFJ Financial Group Inc
    0.16%0.16% of portfolio
    $25.12M$25.12M invested
View next 5
Major consumer brands
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
    Soy major consumer brandCattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    2.05%2.05% of portfolio
    $318.42M$318.42M invested
    Soy major consumer brandCattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 2. Procter & Gamble Co
    Paper/pulp major consumer brandPalm oil major consumer brand
    0.43%0.43% of portfolio
    $66.63M$66.63M invested
    Paper/pulp major consumer brandPalm oil major consumer brand
  • 3. Johnson & Johnson
    Paper/pulp major consumer brandPalm oil major consumer brand
    0.38%0.38% of portfolio
    $59.72M$59.72M invested
    Paper/pulp major consumer brandPalm oil major consumer brand
  • 4. Walmart Inc
    Soy major consumer brandCattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    0.37%0.37% of portfolio
    $56.83M$56.83M invested
    Soy major consumer brandCattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 5. Colgate-Palmolive Co
    Palm oil major consumer brand
    0.32%0.32% of portfolio
    $49.19M$49.19M invested
    Palm oil major consumer brand
View next 5
View more info
DATA AS OF 31 Mar 2024
Financial performance
Performance data provided byMorningstarFind 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
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 5/31/24
1 year
3 years
5 years
10 years
Benchmark
Suggested: Not available
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 10-yr returns 
-3.9% less in annualized returns
More invested in commodity producers 
0.19% more invested
More invested in banks and lenders 
0.13% more invested
Less invested in major consumer brands 
4.51% less invested
Current fund
TRRMX
T. Rowe Price Retirement 2050 Fund
Family
T. Rowe Price
Category
Target-Date 2050
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 5/31/24
1 year
3 years
5 years
10 years
Benchmark
Suggested: Not available
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 10-yr returns 
-3.9% less in annualized returns
More invested in commodity producers 
0.19% more invested
More invested in banks and lenders 
0.13% more invested
Less invested in major consumer brands 
4.51% less invested
Current fund
TRRMX
T. Rowe Price Retirement 2050 Fund
Family
T. Rowe Price
Category
Target-Date 2050
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 5/31/24
1 year
3 years
5 years
10 years
Benchmark
Suggested: Not available
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 10-yr returns 
-3.9% less in annualized returns
More invested in commodity producers 
0.19% more invested
More invested in banks and lenders 
0.13% more invested
Less invested in major consumer brands 
4.51% less invested
Month-end trailing returns  
Annualized returns
Deforestation analysis
1-yr
3-yr
5-yr
10-yr
Commodity producers
This fund
TRRMX - T. Rowe Price Retirement 2050 Fund
23%
3.73%
11%
8.75%
0.42% 
Benchmark
IVV - iShares Core S&P 500 ETF
28%
9.54%
16%
13%
0.23% 
Fund compared to benchmark
 
-4.9%
-5.81%
-4.72%
-3.9%
0.19%  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.
Find top-graded funds that avoid deforestation-risk investments.
Use Fossil Free Funds to check this fund's fossil fuel investments and carbon footprint.
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