The fund offers a professionally managed, diversified investment program.
The asset allocations are based on what T. Rowe Price considers broadly appropriate to investors during their retirement years.
The fund has competitive expenses and no additional charges for asset allocation and portfolio management.
Stock prices can fall because of weakness in the broad market, a particular industry, or specific holdings. Bonds may decline in response to rising interest rates, a credit rating downgrade or failure of the issue to make timely payments of interest or principal.
This fund may be appropriate for retirement investors who prefer a diversified approach to investing.
Platforms (Investor Class)
NTFNo Transaction Fee
Asset Allocation Committee
Asset allocation decisions are made by the firm's Asset Allocation Committee, which includes some of the firm's most senior investment management professionals.
Underlying Security Managers
Individual security selection is made by portfolio managers of the Fund's component strategies drawing on the fundamental insights of T.Rowe Price's team of around 200 global research analysts.
The principal value of the Retirement Funds is not guaranteed at any time, including at or after the target date, which is the approximate year an investor plans to retire (assumed to be age 65) and likely stop making new investments in the fund. If an investor plans to retire significantly earlier or later than age 65, the funds may not be an appropriate investment even if the investor is retiring on or near the target date. The funds’ allocations among a broad range of underlying T. Rowe Price stock and bond funds will change over time. The funds emphasize potential capital appreciation during the early phases of retirement asset accumulation, balance the need for appreciation with the need for income as retirement approaches, and focus on supporting an income stream over a long-term postretirement withdrawal horizon. The funds are not designed for a lump-sum redemption at the target date and do not guarantee a particular level of income. The funds maintain a substantial allocation to equities both prior to and after the target date, which can result in greater volatility over shorter time horizons.