Description

This fund primarily allocates its capital across a wide array of T. Rowe Price's proprietary equity and fixed-income mutual funds, spanning diverse asset classes and market sectors. The fund's asset allocation within these underlying T. Rowe Price funds is designed to progressively adjust over time, aligning with its specific target retirement date. Structured around the year 2040, as reflected in its designation, it is tailored for investors aiming to retire around that time, typically assuming an age of 65.