T. Rowe Price Retirement Balanced Fund
RRTIX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Baltimore MD 21202 Baltimore MD United States of America 21202
- IPO Date
- Oct 30, 2003
- CIK
- 0001177017
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Retirement Balanced Fund (RRTIX) is an open-end mutual fund managed by T. Rowe Price Associates, Inc., that seeks the highest total return over time consistent with an emphasis on both capital growth and income by investing in a diversified portfolio of other T. Rowe Price equity and fixed income mutual funds representing various asset classes and sectors. The fund maintains neutral target allocations of approximately 40% to equity funds, including U.S. large-cap (such as Equity Index 500, Growth Stock, U.S. Equity Research, U.S. Large-Cap Core, and Value), U.S. mid-cap (Mid-Cap Growth, Mid-Cap Index, Mid-Cap Value), U.S. small-cap (New Horizons, Small-Cap Index, Small-Cap Stock, Small-Cap Value), international developed markets (International Stock, International Value Equity, Overseas Stock), international emerging markets (Emerging Markets Discovery Stock, Emerging Markets Stock), hedged equity, inflation-focused, and real assets equity; and 60% to fixed income funds, comprising core fixed income (Dynamic Global Bond, International Bond USD Hedged, New Income) and diversifying fixed income (Dynamic Credit, Emerging Markets Bond, Floating Rate, High Yield, Limited Duration Inflation Focused Bond, U.S. Treasury Long-Term Index, U.S. Treasury Money). Tactical adjustments may overweight or underweight asset classes or sectors based on market outlook, with target allocations not expected to vary from neutral by more than plus or minus 5%; the fund is designed for retired investors seeking income and relative stability from bonds alongside capital appreciation potential from stocks, without automatically becoming more conservative over time. Offered in multiple share classes including Investor Class (TRRIX), I Class (TRJWX), Advisor Class (PARIX), and R Class (RRTIX) with net expense ratios ranging from 0.34% to 0.99%, the fund has total net assets of approximately $2.18 billion and is domiciled in the United States, available primarily to U.S. investors through direct purchases or financial intermediaries with minimum initial investments of $2,500 ($1,000 for IRAs) and $500,000 for I Class. It operates within the global moderately conservative allocation category, with portfolio managers Wyatt A. Lee (since 2015), Kimberly E. DeDominicis (since 2019), and Andrew Jacobs van Merlen (since 2020) co-chairing the Investment Advisory Committee; as of recent data, top holdings include T. Rowe Price Limited Duration Inflation Focused Bond Fund Z Class (19.89%), New Income Fund Z Class (15.64%), International Bond Fund (USD Hedged) Z Class (6.05%), Value Fund Z Class (5.66%), and Growth Stock Fund Z Class (5.58%), representing 52.82% of the portfolio, with asset diversification across U.S. bonds (41.17%), U.S. stocks (26.57%), non-U.S. bonds (12.06%), non-U.S. stocks (11.62%), and cash (8.04%). Part of T. Rowe Price Group's broader retirement funds series, the fund leverages the parent firm's global investment management platform, headquartered in Baltimore, Maryland, and founded in 1937, which oversees $1.57 trillion in assets under management as of March 31, 2025, across equity, fixed income, and multi-asset strategies for individual, institutional, and retirement plan clients worldwide. T. Rowe Price Group maintains operations in 17 international offices serving clients in 55 countries, with subadvisory support from affiliates including T. Rowe Price International Ltd., T. Rowe Price Hong Kong Limited, T. Rowe Price Japan, Inc., T. Rowe Price Australia Limited, and T. Rowe Price Singapore Private Ltd. In recent developments, T. Rowe Price announced a strategic collaboration with Goldman Sachs in September 2025, under which Goldman Sachs intends to invest up to $1 billion in T. Rowe Price common stock to own up to 3.5% ownership, enabling the joint development and launch of co-branded public-private market investment solutions for retirement and wealth investors, including access to private markets for individuals, financial advisors, plan sponsors, and participants; by December 2025, the partnership had progressed to product launches combining T. Rowe Price's active investing expertise with Goldman Sachs' public and private market capabilities. The fund's prospectus was updated effective August 1, 2025, reflecting current neutral allocations and ongoing portfolio management enhancements, with portfolio turnover at 18.6% for the most recent fiscal year.