Description

This fund is composed of a broad range of T. Rowe Price's proprietary stock and bond mutual funds, strategically diversified across various asset classes and market sectors. Its investment strategy involves a progressive adjustment of its asset allocation, which automatically shifts as the fund approaches its designated target retirement date. The fund is specifically tailored for investors aiming to retire around the year 2050, a date reflected in its name, and operates on the assumption of a retirement age of 65.