T. Rowe Price Target Retirement 2035 Fund
RPGRX
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USD
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Capital Structure
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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
- Aug 22, 2013
- CIK
- 0001177017
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Target Retirement 2035 Fund (RPGRX) is a target-date mutual fund offered by T. Rowe Price Group, Inc., a global investment management firm that provides a diversified portfolio of equity and fixed income funds designed to adjust allocations over time in relation to its 2035 target retirement date; the fund emphasizes asset accumulation prior to retirement through substantial equity exposure, transitions to a more balanced asset mix as the target date approaches to reduce market risk while generating income, and maintains a focus on supporting a moderate postretirement withdrawal horizon without guaranteeing a specific income level or lump-sum redemption. Core holdings include a broad range of underlying T. Rowe Price proprietary funds spanning U.S. and non-U.S. stocks (approximately 41% U.S. equity and 21% non-U.S. equity), U.S. and non-U.S. bonds (around 24% U.S. bonds and 7% non-U.S. bonds), cash equivalents, and limited other assets; specific allocations feature funds such as T. Rowe Price Equity Index 500, T. Rowe Price Blue Chip Growth, T. Rowe Price Limited Duration Inflation Focused Bond, T. Rowe Price International Bond (USD Hedged), T. Rowe Price U.S. Treasury Long-Term Index, T. Rowe Price Dynamic Global Bond, and T. Rowe Price Emerging Markets Bond. The fund serves individual and institutional investors, financial advisors, retirement plan sponsors, and participants seeking a "set-it-and-forget-it" retirement savings vehicle within the target-date 2035 category, with a net expense ratio of 0.56%, total net assets exceeding $544 million, and availability primarily in the United States. T. Rowe Price Group, Inc., founded in 1937 and headquartered at 100 East Pratt Street in Baltimore, Maryland, manages over $1.5 trillion in assets across mutual funds, subadvisory services, separate accounts, and retirement plans for clients worldwide through 17 international offices serving 55 countries. The firm operates in the asset management industry with segments in equities, fixed income, multi-asset strategies including target-date funds like RPGRX, alternatives, and retirement services, targeting individuals, institutions, financial intermediaries, and retirement plan participants. In recent strategic developments, T. Rowe Price announced a major alliance with Goldman Sachs Asset Management in September 2025, under which Goldman Sachs intends to invest up to $1 billion in T. Rowe Price common stock to acquire up to a 3.5% stake, enabling collaborative product offerings that expand access to public and private markets for wealth and retirement investors; this culminated in the December 15, 2025, launch of the first co-branded model portfolios on the GeoWealth platform, comprising four diversified models using mutual funds and ETFs from both firms, with a fifth high-net-worth portfolio incorporating direct indexing and evergreen alternatives planned for the first half of 2026. Additional 2025 initiatives include plans for active ETF launches in Europe next year, creation of a Global Strategy function to enhance long-term planning, transition to Charles River's Enterprise Multi-Asset Investment Management Solution for operational efficiency, and ongoing expansion in alternatives targeting $75 billion in assets by year-end amid diversification efforts. These moves reflect T. Rowe Price's focus on innovation, private markets growth, and partnerships to address industry shifts like deglobalization and active ETF demand.