TRBQX

About TRBQX

T. Rowe Price Retirement Blend 2045 Fund is a target-date mutual fund designed to provide a professionally managed, age-appropriate asset mix for investors planning to retire around 2045. The fund seeks high total return with an emphasis on both capital growth and income by investing in a diversified lineup of underlying T. Rowe Price equity and fixed income funds, combining active and index strategies across U.S. large-cap, mid-cap, small-cap, international developed and emerging markets, real assets, and core and diversifying bonds. Its glide path gradually shifts from a predominantly equity allocation in the early years toward higher fixed income exposure as the target date approaches to help manage risk while maintaining growth potential. The fund follows the S&P Target Date 2045 Index as a benchmark reference and is managed by an experienced team that rebalances and adjusts underlying allocations over time based on research-driven insights. This structure aims to simplify retirement investing by packaging broad diversification, ongoing oversight, and a time-based risk transition in a single fund.