T. Rowe Price Target Retirement 2055 Fund (TRFFX)
T. Rowe Price Target Retirement 2055 Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Baltimore, MD, US. The stock last traded at $23.72, up 0.42% on the session, giving a market capitalisation of $322.1M. Its beta of 1.22 implies it has historically moved more than the broad market.
This fund aims to maximize overall financial gains over the long term, balancing capital appreciation with a consistent income stream. It achieves this by strategically allocating its investments across a diverse array of T. Rowe Price's own equity and fixed-income mutual funds, thereby gaining exposure to various asset classes and market sectors. The portfolio's composition is specifically managed with a target retirement year of 2055 in mind, operating on the premise that investors anticipate retiring around age 65. This target date indicates the approximate year an investor plans to enter retirement and would typically cease making further contributions to the fund.
T. Rowe Price Target Retirement 2055 Fund is most often compared with the following Financial Services names: