RRTRX

About RRTRX

T. Rowe Price Retirement 2045 Fund - R Class is a target-date mutual fund designed to pursue long-term total return with an emphasis on both capital growth and income. It is an actively managed “fund of funds,” allocating across T. Rowe Price’s underlying stock and bond funds to provide diversified exposure to multiple asset classes and sectors. The fund’s allocation follows a glide path that starts heavily in equities decades before retirement and gradually increases fixed income exposure as the 2045 target date approaches, seeking to balance growth potential with risk reduction over time. Notable underlying holdings span U.S. large-cap growth and value, international equities, and real assets, complemented by core fixed income sleeves. The strategy is benchmarked to the S&P Target Date 2045 Index and aims to deliver a professionally managed, all-in-one portfolio that adjusts automatically as investors age. With a long track record since 2007 and sizable assets, it serves as a core retirement solution for participants seeking systematic, age-based asset allocation within a single vehicle.