PAFTX

About PAFTX

T. Rowe Price Retirement 2055 Fund – Advisor Class is a target-date mutual fund designed to provide a diversified, age-appropriate investment mix for investors planning to retire around 2055. The fund pursues total return with an emphasis on both capital growth and income by investing in a broad portfolio of underlying T. Rowe Price stock and bond funds across U.S. and international markets, as well as real assets and other sectors. Its asset allocation follows a defined glide path: it starts with a high equity exposure to seek long-term growth decades before retirement and gradually increases fixed income to moderate risk as the target date approaches and through retirement. Actively managed by T. Rowe Price’s multi-asset team, the strategy integrates the firm’s underlying equity and fixed income capabilities, rebalancing over time to maintain alignment with the glide path and market conditions. The fund uses the S&P Target Date 2055 Index as its benchmark and carries an expense ratio disclosed in the prospectus. It serves as a single-fund core solution for retirement-focused investors seeking professional asset allocation and ongoing portfolio management tied to a specified retirement horizon.