TRHDX

About TRHDX

T. Rowe Price Retirement 2040 Fund - I Class is a target-date mutual fund designed to provide a professionally managed, age-appropriate asset mix for investors planning to retire around 2040. The fund seeks the highest total return over time with an emphasis on both capital growth and income, allocating across underlying T. Rowe Price stock and bond funds and adjusting its mix along a defined glide path as the target date approaches and through retirement. Early in the accumulation phase, it emphasizes equities to pursue growth, then gradually shifts toward fixed income to moderate volatility and support income needs, with ongoing adjustments extending up to 30 years past retirement. The strategy is actively managed, drawing on T. Rowe Price’s multi-asset research and diversified underlying fund lineup across U.S. and international equities, real assets, and core fixed income. Positioned within the Target-Date 2040 category, it is benchmarked to the S&P Target Date 2040 Index and is intended to serve as a comprehensive, single-fund retirement solution that evolves with an investor’s lifecycle.