T. Rowe Price Target Retirement 2005 Fund
TRARX
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USD
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Capital Structure
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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.- 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 2005 Fund (TRARX) is an actively managed target date mutual fund that seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a diversified portfolio of other T. Rowe Price equity and fixed income mutual funds representing various asset classes and sectors, including U.S. large-cap growth and value stocks, international equities, emerging markets stocks, real assets, high-yield bonds, emerging markets bonds, Treasury Inflation-Protected Securities, and dynamic global bond strategies; its allocation has shifted conservatively post its 2005 target date to approximately 50-60% equities and 40-50% fixed income as of late 2024, with top holdings such as T. Rowe Price Equity Index 500, Blue Chip Growth, New Income, and International Bond (USD Hedged). It operates globally through underlying funds with exposure to U.S., international developed, and emerging markets, targeting retirement savers who planned to retire around 2005 (assumed age 65) but maintains a substantial equity allocation for long-term income support beyond the target date, without guaranteeing principal or a specific income level. Part of T. Rowe Price Group's suite of Retirement Funds, TRARX follows an extended glide path that continues adjusting allocations up to 30 years post-retirement, emphasizing inflation protection via Treasury Inflation-Protected Securities and active management to outperform passive benchmarks, as evidenced by superior historical balances versus S&P Target Date Indices through September 30, 2025. The fund, launched prior to 2004, is managed by T. Rowe Price Associates, Inc., founded in 1937 and headquartered at 100 East Pratt Street in Baltimore, Maryland, with operations serving clients across 55 countries through 17 international offices. No major strategic shifts, acquisitions, partnerships, funding rounds, or liquidations affecting TRARX have been reported in the last 1-2 years; it remains open and available for investment as of December 2025, continuing to trade actively with a recent net asset value around $12.34. T. Rowe Price has maintained its focus on active management across its Retirement Funds lineup, with ongoing enhancements to glide paths and portfolio diversification but no specific changes to the 2005 Fund.