Fund Description

The fund invests in a diversified portfolio of other T. Rowe Price equity and fixed income mutual funds across various asset classes and sectors, adjusting its allocations over time in relation to its target retirement date of 2030, assuming a retirement age of 65. It is primarily targeted at investors planning to retire around this date and features a glide path that gradually shifts asset allocations to reduce market risks as retirement approaches. At the target date, the allocation to equity is 55%, which will decline over approximately 30 years. The fund aims to support income streams during retirement while balancing longevity, inflation risks, and portfolio growth. It invests in underlying funds without management fees, optimizing for lower volatility and risk-adjusted returns.