T. Rowe Price Retirement Balanced Fund (TRRIX)
T. Rowe Price Retirement Balanced Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Baltimore, MD, US. The stock last traded at $14.71, up 0.00% on the session, giving a market capitalisation of $2.23B. Its beta of 0.67 implies it has historically moved less than the broad market.
This fund invests primarily by allocating its assets across various T. Rowe Price stock and bond funds, creating a broad and diversified portfolio that spans multiple asset classes and market sectors. It is tailored for individuals in retirement who are looking for consistent income and a certain level of stability from their bond holdings, alongside the opportunity for some capital growth from their stock investments. The fund adheres to what T. Rowe Price considers its "neutral" asset allocation for retirees, positioning 40% of its assets in stock funds and 60% in bond funds.
T. Rowe Price Retirement Balanced Fund is most often compared with the following Financial Services names: