T. Rowe Price Retirement 2060 Fund I Class is a target-date mutual fund designed to support investors planning to retire around the year 2060. The fund's primary purpose is to seek the highest total return over time, balancing capital growth with income by allocating assets across a broad mix of T. Rowe Price stock and bond funds. Early in its lifecycle, the fund emphasizes equity exposure, with a majority of assets invested in domestic and international stocks, including large-, mid-, and small-cap companies, as well as emerging markets and real assets. As the designated retirement date approaches and passes, the fund gradually shifts to a more conservative allocation, steadily increasing its bond holdings to reduce risk while maintaining some equity exposure well into retirement years. Notable for its dynamic asset allocation, the fund continuously rebalances to align with its long-term glide path strategy. Managed by T. Rowe Price’s experienced team, this fund serves as a comprehensive, auto-adjusting investment solution for retirement savers participating in defined contribution plans or seeking a single diversified portfolio for long-term retirement goals.
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