T. Rowe Price Target Retirement 2050 Fund (TRFOX)
T. Rowe Price Target Retirement 2050 Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Baltimore, MD, US. The stock last traded at $22.95, up 0.39% on the session, giving a market capitalisation of $436.2M. On trailing twelve-month figures it carries a trailing P/E of 11.65, a net margin of 11.6%. Its beta of 1.19 implies it has historically moved more than the broad market.
This fund is crafted to assist investors saving for retirement, achieving its goal by investing in a varied collection of T. Rowe Price's own equity and fixed-income mutual funds. These underlying investments are spread across numerous asset classes and market segments. The fund's management strategy is specifically aligned with the 2050 target date mentioned in its name, operating on the premise that an investor would typically retire at age 65 around that year. This target date signifies the approximate point at which an investor intends to stop working and likely discontinue adding new capital to the fund.
T. Rowe Price Target Retirement 2050 Fund is most often compared with the following Financial Services names: