T. Rowe Price Retirement 2035 Fund
RRTPX
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
- 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 2035 Fund (RRTPX) is an open-end target-date mutual fund that seeks the highest total return over time, consistent with an emphasis on both capital growth and income, through a diversified portfolio of underlying T. Rowe Price stock, bond funds, and derivatives; its asset allocation automatically shifts from growth-oriented equities in early phases to a more conservative mix of equities and fixed income as the target retirement date of 2035 approaches and beyond, maintaining approximately 55% in stocks at the target date and declining to 20% about 30 years later. Core holdings include T. Rowe Price Growth Stock Fund Z Class (12.08%), Value Fund Z Class (11.97%), New Income Fund Z Class (8.70%), U.S. Large-Cap Core Fund Z Class (8.44%), and Equity Index 500 Fund Z Class (8.01%), with asset diversification featuring 50.72% U.S. stocks, 24.59% non-U.S. stocks, 12.89% U.S. bonds, 5.68% non-U.S. bonds, and 5.57% cash; the fund targets investors planning retirement around 2035, such as individuals in defined contribution plans, with minimum initial investments of $2,500 and a net expense ratio of 1.08%. Launched on May 31, 2007, the R Class share (RRTPX) is managed by Wyatt Lee (since 2015), Kimberly DeDominicis (since 2019), and Andrew Jacobs van Merlen (since 2020), and operates within the U.S. market as part of T. Rowe Price's broader retirement fund series offered by the firm founded in 1937 and headquartered in Baltimore, Maryland. Recent major developments at T. Rowe Price, the fund's sponsor, include a September 2025 strategic alliance with Goldman Sachs Asset Management involving up to $1 billion in open-market stock purchases (aiming for 3.5% ownership) to develop diversified public and private market solutions for retirement and wealth channels; the debut in December 2025 of co-branded model portfolios as the alliance's first joint products; and the launch in December 2025 of two active core ETFs (TACU and TACN) blending active management with passive-like efficiency, alongside the January 2025 acquisition of Oak Hill Advisors for up to $7.5 billion to bolster private credit capabilities. The fund, with total net assets of approximately $24.1 billion (including $1.04 billion in the R Class), remains focused on U.S. and global investors through intermediaries, retirement plans, and direct channels, reflecting T. Rowe Price's ongoing emphasis on retirement leadership amid these strategic expansions.