TRRNX

About TRRNX

T. Rowe Price Retirement 2055 Fund is an actively managed target-date mutual fund designed to deliver long‑term total return with an emphasis on both capital growth and income. It invests primarily in a diversified mix of T. Rowe Price equity and fixed income funds, adjusting its allocation over time along a glide path tied to a 2055 retirement horizon that assumes retirement at age 65. Early in the accumulation phase, the fund maintains a substantial allocation to equities, including U.S. large‑cap growth and value, core index exposure, and international developed and emerging markets, complemented by smaller allocations to real assets and mid‑cap strategies. As the target date approaches, it gradually increases exposure to fixed income to support income needs while managing volatility. The fund benchmarks itself to the S&P Target Date 2055 Index and employs the firm’s multi‑asset expertise and active security selection across underlying strategies. It plays a core role in retirement planning by offering a single, professionally managed portfolio intended to simplify diversification and ongoing rebalancing for investors targeting the mid‑century retirement cohort.