T. Rowe Price Retirement 2030 Fund
RRTCX
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
- Oct 30, 2003
- CIK
- 0001177017
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Retirement 2030 Fund (RRTCX) is an open-end investment company that pursues long-term capital growth and income consistent with an appropriate level of risk for investors targeting retirement around 2030. The fund invests in a diversified portfolio of underlying T. Rowe Price mutual funds and exchange-traded funds, including T. Rowe Price New Income Fund Z Class (approximately 11%); T. Rowe Price Growth Stock Fund Z Class (approximately 10%); T. Rowe Price Value Fund Z Class (approximately 10%); T. Rowe Price U.S. Large-Cap Core Fund Z Class (approximately 7%); T. Rowe Price Equity Index 500 Fund Z Class (approximately 7%); T. Rowe Price Overseas Stock Z Class (approximately 6%); T. Rowe Price International Value Equity Z Class (approximately 5%); T. Rowe Price International Stock Z Class (approximately 5%); T. Rowe Price Real Assets Z Class (approximately 4%); and T. Rowe Price U.S. Treasury Long-Term Index Z Class (approximately 4%), with allocations shifting over time toward a more conservative mix as the target date approaches, reaching approximately 55% stocks at the target date and stabilizing at 20% stocks about 30 years post-retirement. Its asset allocation reflects a blend style with large-cap focus in equities (43.5% U.S. stocks; 19.8% non-U.S. stocks), mid-credit quality and moderate interest-rate sensitivity in bonds (21.3% U.S. bonds; 8.0% non-U.S. bonds), and 6.8% cash, serving individual and institutional investors in retirement plans such as 401(k)s primarily in the United States. Launched on October 31, 2003, the fund is managed by a team including Wyatt Lee (since 2015), Kimberly DeDominicis (since 2019), and Andrew Jacobs van Merlen (since 2020), with total net assets of approximately $30.43 billion, a net expense ratio of 1.06%, and a minimum initial investment of $2,500. Managed by T. Rowe Price Group, Inc., founded in 1937 and headquartered in Baltimore, Maryland, the fund benefits from the parent company's recent strategic expansions, including the $7.5 billion acquisition of Oak Hill Advisors in early 2025 to enhance private credit capabilities and a strategic partnership with Oak Hill Advisors and Aspida announced in February 2025 to co-manage assets and develop new retirement-focused products.