T. Rowe Price Target Retirement 2045 Fund (RPTFX)
T. Rowe Price Target Retirement 2045 Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Baltimore, MD, US. The stock last traded at $21.45, up 0.33% on the session, giving a market capitalisation of $481.7M. Its beta of 1.12 implies it has historically moved more than the broad market.
This fund aims to achieve the greatest possible overall return over the long term, balancing capital appreciation with income generation. It accomplishes this by allocating its assets across a diverse mix of T. Rowe Price's own stock and bond mutual funds, covering a wide range of asset classes and market sectors. The fund's management strategy is tailored to its designated target retirement year of 2045, based on the assumption that investors will retire at approximately 65 years of age. This target date signifies the approximate point when an investor anticipates retiring and is likely to cease making additional contributions to the fund.
T. Rowe Price Target Retirement 2045 Fund is most often compared with the following Financial Services names: