United States
Target Date Solutions
Delivering value through prudent risk management and the rigor of our research.
Managing over $1 trillion in assets1 and with more than 80 years of industry experience2, our strategic investing approach has been driven by independent thinking and rigorous research that goes beyond the numbers. We are deliberate and intentional, striving to select the right opportunities as we seek to achieve your plan's and your participation.
Learn more about our approach.
Over 75% of our mutual funds with a 10-year track record have outperformed their 10-year Lipper average as of 9/30/19.3
Leading Target Date Innovation
- Achieving a diversified investment portfolio in one easy step.
- Over 95% of our retirement funds with a 10-year track record beat their 10-year Lipper average as of 9/30/19.4
- 100% of our retirement funds have expenses below their Lipper average as of 6/30/19.5
- Our deeply experienced investment team- averaging 21 years in in the industry- manages the underlying investments, with no added management fees.6
- Investing for retirement with less volatility.
- These funds seek to reduce volatility as participants near retirement and may better support withdrawals over a shorter time period.
- They offer lower volatility—and lower potential long-term growth—than Retirement Funds by emphasizing bonds near the target date.
11 of our Retirement Funds included in our study beat their benchmarks in at least 85% of rolling five-year periods from inception net of fees as of 12/31/2018.7
Additional Investment Options
Choosing an investment lineup is a balancing act between meeting fiduciary needs and providing the diversity of selection participants desire. It's why we've designed our open architecture platform to provide the variety and depth of investment options our clients expect.
Depending on your plan, we offer:
- Stable Value
- Self-Directed Brokerage Accounts available based on plan needs
Consider the investment objectives, risks and charges and expenses carefully before investing. For a prospectus or, if available, a summary prospectus containing this and other information, call 1-800-638-4546. Read it carefully.
Past performance cannot guarantee future results. All investments are subject to market risk, including the possible loss of principal. Diversification cannot assure a profit or protect against loss in a declining market.
The principal value of the Retirement Funds and the Target Funds (collectively, the "target date 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 target date funds' allocations among a broad range of underlying T. Rowe Price stock and bond funds will change over time. The Retirement 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 Target Funds' emphasize asset accumulation prior to retirement, balance the need for reduced market risk and income as retirement approaches, and focus on supporting an income stream over a moderate post retirement withdrawal horizon. The target date funds are not designed for a lump-sum redemption at the target date and do not guarantee a particular level of income. The key difference between the Retirement Funds and the Target Funds is the overall allocation to equity; although they each maintain significant allocations to equities both prior to and after the target date, the Retirement Funds maintain a higher allocation, which can result in greater volatility over shorter time horizons.
1. Preliminary data as of July 31, 2019. Subject to adjustment.
2. Since the Firms founding in 1937
3. 169 of our 368 mutual funds had a 10-year track record as of 9/30/19. (Includes all share classes and excludes funds used in insurance products.) 133 of these 169 funds (79%) beat their Lipper average for the 10-year period. 279 of 368 (76%), 231 of 314 (74%), and 178 of 222 (80%) of T. Rowe Price funds outperformed their Lipper average for the 1-, 3-, and 5-year periods ended 6/30/19, respectively. Calculations based on cumulative total return. Not all funds outperformed for all periods. (Source for data: Lipper Inc.)
4. 36 of our 40 Retirement Funds (Investor, Advisor, and R Class) had a 10-year track record as of 9/30/19 (includes all share classes). 35 of these 36 funds beat their Lipper average for the 10-year period.
5. 39 of 40, 38 of 39, and 38 of 39 of the Retirement Funds outperformed their Lipper average for the 1-, 3-, and 5-year periods ended 6/30/19, respectively. Calculations are based on cumulative total return. Not all funds outperformed for all periods. (Source for data: Lipper Inc.)
Some funds may have expense limitations in place, and if these were not in place the expenses would have been higher. Expenses for T. Rowe Price funds are obtained from the fund' most recent prospectus. Lipper data is based on fiscal year-end data available to Lipper, Inc. as of 6/30/19.
6. Source: T. Rowe Price, as of December 31st, 2018. Individuals are subject to the fees of the underlying funds.
7. All funds are subject to market risk, including possible loss of principal. For more information on the complete analysis and the T. Rowe Price funds used in this study, please visit troweprice.com/thefullstory
Contact your T. Rowe Price representative to find out how we can take your plan to the next level.