T. Rowe Price Retirement 2060 Fund Advisor Class is a target-date mutual fund designed to provide a diversified, age-appropriate investment path for individuals planning to retire around 2060. The fund’s primary objective is to deliver the highest total return over time with an emphasis on both capital growth and income, implemented through an actively managed portfolio of underlying T. Rowe Price stock and bond funds across multiple asset classes and sectors. Early in the glide path, the allocation is heavily weighted to equities to pursue long-term growth, with a gradual shift toward fixed income as the target year approaches to help moderate volatility and support income needs. Notable underlying exposures typically include large-cap U.S. equities, international equities, mid- and small-cap strategies, real assets, and core fixed income, offering broad global diversification within a single vehicle. The Advisor Class structure pairs professional asset allocation and rebalancing with ongoing oversight from T. Rowe Price’s multi-asset team, positioning the fund as a comprehensive, set-it-and-monitor solution within the target-date 2060 category.
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