Description

This fund endeavors to achieve the greatest possible total return over an extended period, focusing on a balanced strategy that incorporates both capital appreciation and income generation. It accomplishes this by allocating its investments across a broad, diversified selection of other T. Rowe Price mutual funds, which are composed of stocks and bonds spanning various asset classes and economic sectors. The management of this fund is specifically tailored to its designated target retirement year of 2010, operating under the assumption that an investor typically retires at age 65. This target date indicates the approximate year an investor plans to retire and would likely stop making new contributions to the fund.