Description

This fund aims to achieve its investment objectives by allocating its assets across a diverse array of other T. Rowe Price equity and fixed-income mutual funds, spanning various asset classes and market sectors. Crucially, the specific mix of these underlying T. Rowe Price funds is not static; it dynamically evolves over time, gradually adjusting its risk profile as it approaches the designated target retirement year. This investment vehicle is specifically tailored for individuals who anticipate retiring around the fund's specified target date and who intend to make phased withdrawals from their account once retired.