T. Rowe Price Retirement 2055 Fund Advisor Class
PAROX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- May 31, 2007
- CIK
- 0001177017
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Retirement 2055 Fund Advisor Class (PAROX) is an actively managed target-date mutual fund offered by T. Rowe Price Group, Inc. that seeks the highest total return over time, consistent with an emphasis on both capital growth and income; it invests in a diversified portfolio of other T. Rowe Price stock and bond mutual funds and derivatives representing various asset classes and sectors, including U.S. large-cap value (such as T. Rowe Price Value Z at 16.46%), growth stock (T. Rowe Price Growth Stock Z at 13.95%), U.S. large-cap core (T. Rowe Price US Large-Cap Core Z at 10.25%), equity index 500, international value equity, overseas stock, international stock, real assets, mid-cap growth, mid-cap value, emerging markets discovery stock, emerging markets stock, small-cap value, small-cap stock, new horizons, new income, U.S. Treasury money market, U.S. Treasury long-term index, international bond (USD-hedged), dynamic global bond, and limited duration inflation focus bond, among others. The fund's allocations among these underlying T. Rowe Price equity (approximately 65% U.S. stock and 32% non-U.S. stock), fixed income (about 1% U.S. bond and 0.2% non-U.S. bond), cash (1.5%), and other assets shift over time in relation to its 2055 target retirement date, assuming a retirement age of 65; it emphasizes capital appreciation early on, balances growth and income near retirement, and supports income post-retirement while maintaining substantial equity exposure for potential volatility. Launched on May 31, 2007, with a net expense ratio of 0.89%, minimum initial investment of $2,500 (or $1,000 for IRAs), and total net assets of approximately $10.72 billion (share class size $583.80 million), the fund targets individual and institutional investors in the United States planning for retirement around 2055. T. Rowe Price Group, Inc., founded in 1937 and headquartered at 100 East Pratt Street in Baltimore, Maryland, manages the fund as part of its broad retirement solutions; the firm operates globally with 7,868 employees across 17 international offices serving clients in 55 countries, focusing on active management of mutual funds, subadvisory services, separate accounts, and retirement plans. Recent major developments at T. Rowe Price include the acquisition of Oak Hill Advisors for $7.5 billion in early 2025 to expand private credit capabilities and meet client demand for alternative investments; a strategic investment of up to $1 billion by Goldman Sachs in T. Rowe Price common stock announced in September 2025, aiming for up to 3.5% ownership and enhanced collaboration; the launch of four new active fixed income ETFs in November 2025 (Short Municipal Income ETF, Long-Term Municipal Income ETF, High Yield Municipal Income ETF, and Multi-Sector Income ETF) to broaden fixed income offerings; the introduction of active core ETFs in December 2025 blending active and passive benefits with fees waived through January 2027; and a transition to Charles River's enterprise investment management system in December 2025 for operational enhancements.