TRFFX

About TRFFX

T. Rowe Price Target 2055 Fund is a target-date mutual fund designed to pursue long-term total return by blending capital growth with income. The fund invests primarily in a diversified lineup of T. Rowe Price equity and fixed income funds, spanning U.S. large-, mid-, and small-cap stocks, international developed and emerging markets, and real assets, complemented by a core fixed income sleeve and inflation-sensitive bonds. Its asset mix follows a glide path that starts stock heavy decades before 2055 and gradually shifts toward bonds as the target date approaches, with allocations adjusted within defined bands rather than through market timing. The approach emphasizes broad diversification, active oversight, and periodic rebalancing across the underlying strategies to manage risk while supporting accumulation before retirement and income needs afterward. The fund’s objective, structure, and glide path are aligned with an assumed retirement at age 65, and it maintains a meaningful equity allocation even after the target date to support a moderate postretirement horizon.