T. Rowe Price Retirement 2045 Fund
RRTRX
NASDAQ- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- T. Rowe Price Retirement 2045 Fund (RRTRX) is an open-end mutual fund managed by T. Rowe Price Group, Inc., that seeks long-term capital growth and income by investing in a diversified portfolio of underlying T. Rowe Price mutual funds and exchange-traded funds according to a preset asset allocation glide path designed for investors planning to retire around 2045. The fund's core holdings include equity funds such as T. Rowe Price Growth Stock Fund Z Class, T. Rowe Price Value Fund Z Class, T. Rowe Price U.S. Large-Cap Core Fund Z Class, T. Rowe Price Equity Index 500 Fund Z Class, and T. Rowe Price International Value Equity Fund Z Class; fixed income components comprise T. Rowe Price Limited Duration Inflation Focused Bond Fund, T. Rowe Price International Bond (USD Hedged) Fund, T. Rowe Price Dynamic Global Bond Fund, and T. Rowe Price High Yield Fund, with current allocations emphasizing approximately 62.82% U.S. stocks, 30.27% non-U.S. stocks, 3.54% cash, and smaller bond positions. As of the latest data, the fund maintains total net assets of $18.79 billion across its share classes, with the R Class (RRTRX) at $863.65 million and a net expense ratio of 1.10%; it features no front-end or deferred loads, daily pricing, and minimum initial investments of $2,500 ($1,000 for IRAs). Launched on May 31, 2007, the fund follows a target-date strategy that shifts toward a more conservative mix over time, targeting roughly 55% stocks at the 2045 retirement date and stabilizing at 20% stocks approximately 30 years post-target, with the balance in fixed income securities. The glide path dampens market risks as retirement nears and continues post-retirement to reduce volatility, incorporating blend-style large-cap equities and moderate interest-rate sensitive, high-credit-quality bonds. T. Rowe Price Group, Inc., the fund's investment adviser founded in 1937 and headquartered at 100 East Pratt Street in Baltimore, Maryland, operates globally with offices in 17 countries serving clients across 55 nations and focuses on active management across retirement, equity, and fixed income segments. In September 2025, T. Rowe Price announced a strategic collaboration with Goldman Sachs to deliver innovative public-private market solutions for retirement and wealth investors, including co-branded target-date strategies incorporating private market access via Goldman Sachs as a third-party provider, with launches planned for mid-2026; this accompanies Goldman Sachs' intended open-market purchase of up to $1 billion in T. Rowe Price common stock. Earlier in February 2025, T. Rowe Price formed a partnership with OHA and Aspida to provide diversified investment strategies and services to insurance companies, leveraging T. Rowe Price's existing minority stake in Aspida and exploring joint product development amid its $1.6 trillion in assets under management. These alliances reflect T. Rowe Price's recent emphasis on expanding retirement offerings through private markets and insurance-focused growth while maintaining its core active management approach for target-date funds like RRTRX.