T. Rowe Price Retirement 2050 Fund
Fund offered by:
T. Rowe Price
Ticker: TRRMX
Prison industrial complex grade: One or more holdings were flagged as higher risk by our prison industrial complex screen, making up between 1% and 2% of the portfolio. Assigned a grade of D.
D
$1.12 BILLION
Prison industrial complex
47
flagged holdings
15%
of assets flagged
Data as of 3/31/22
Flagged investments:
$1.12 BILLION, 15% of assets
Higher risk:
$100.28 MILLION, 1.34% of assets
 Private prison operators:
$0, 0% of assets
For each prison industrial complex category, click to see the breakdown of flagged holdings.
Prison industry
Prison industry
Incarceration and detention facilities, services in facilities, supervision and monitoring
23
holdings
$689.63M
invested
9.18%
of portfolio
Border industry
Border industry
Incarceration and detention facilities, immigrant monitoring and surveillance, militarization of the U.S.-Mexico border
40
holdings
$983.96M
invested
13%
of portfolio
All flagged holdings
47 holdings
47 holdings
  • 1.  Microsoft Corp
    Prison industryBorder industry
    $232.98M
    3.1%
  • 2.  Amazon.com Inc
    Prison industryBorder industry
    $179.92M
    2.4%
  • 3.  Alphabet Inc Class C
    Border industry
    $142.21M
    1.89%
  • 4.  Alphabet Inc Class A
    Border industry
    $73.22M
    0.97%
  • 5.  Bank of America Corp
    Prison industryBorder industry
    $51.83M
    0.69%
Higher risk
Private prison operator
See all
T. Rowe Price Retirement 2050 Fund $TRRMX has $1.12 BILLION invested in 47 companies involved in the prison industrial complex, amounting to 15% of fund assets
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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: 4/30/22
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 
-3.8% less in annualized returns
Same in private prison operators 
Both 0% invested
More invested in higher risk companies, prison industry 
0.14% more invested
Less invested in higher risk companies, border industry 
0.14% less invested
Less invested in higher risk companies 
0.14% less invested
Less invested in all screened prison industry companies 
6.79% less invested
Less invested in all screened border industry companies 
7.03% less invested
Less invested in all screened companies 
8.97% 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: 4/30/22
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 
-3.8% less in annualized returns
Same in private prison operators 
Both 0% invested
More invested in higher risk companies, prison industry 
0.14% more invested
Less invested in higher risk companies, border industry 
0.14% less invested
Less invested in higher risk companies 
0.14% less invested
Less invested in all screened prison industry companies 
6.79% less invested
Less invested in all screened border industry companies 
7.03% less invested
Less invested in all screened companies 
8.97% 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: 4/30/22
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 
-3.8% less in annualized returns
Same in private prison operators 
Both 0% invested
More invested in higher risk companies, prison industry 
0.14% more invested
Less invested in higher risk companies, border industry 
0.14% less invested
Less invested in higher risk companies 
0.14% less invested
Less invested in all screened prison industry companies 
6.79% less invested
Less invested in all screened border industry companies 
7.03% less invested
Less invested in all screened companies 
8.97% less invested
Month-end trailing returns  
Annualized returns
Flagged investments
1-yr
3-yr
5-yr
10-yr
Private prison operators
This fund
TRRMX - T. Rowe Price Retirement 2050 Fund
-8.88%
8.96%
9.18%
9.82%
0% 
Benchmark
IVV - iShares Core S&P 500 ETF
0.18%
14%
14%
14%
0% 
Fund compared to benchmark
 
-9.06%
-4.85%
-4.45%
-3.8%
Same
Find more financial data on TRRMX at Morningstar.com
What's next?
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Action toolkit
Ask your employer about adding prison industrial complex-free options to your retirement plan
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