T. Rowe Price Target Retirement 2055 Fund
TRFFX
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
- Aug 22, 2013
- CIK
- 0001177017
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Target Retirement 2055 Fund (TRFFX) 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, by investing in a diversified portfolio of other T. Rowe Price equity, bond, and money market funds representing various asset classes and sectors; its allocation glides from approximately 90% equities and 10% fixed income in its early years toward a more balanced mix approaching the target retirement year of 2055, assuming retirement at age 65, and continues adjusting post-retirement to approximately 20% equities and 80% fixed income about 30 years after the target date to balance longevity, inflation, and income needs. Core holdings include T. Rowe Price Value Fund Z Class, Growth Stock Fund Z Class, U.S. Large-Cap Core Fund Z Class, Equity Index 500 Fund Z Class, and International Value Equity Fund Z Class, among others such as Overseas Stock Z, International Stock Z, Real Assets Z, and Mid-Cap Growth Z, providing exposure to U.S. stocks (about 64%), non-U.S. stocks (about 31%), bonds, cash, and other assets with low turnover around 15% and an expense ratio of 0.63%. The fund targets retirement savers and investors planning for 2055 retirement, with assets under management of approximately $300 million, and operates primarily in the United States while offering global diversification through underlying funds. Launched on August 20, 2013, the fund is managed by a team including Wyatt Lee (since inception), Kimberly DeDominicis (since October 2019), and Andrew Jacobs van Merlen (since January 2020), as part of T. Rowe Price Associates, Inc., headquartered at 100 East Pratt Street, Baltimore, Maryland, a firm founded in 1937. In September 2025, T. Rowe Price announced a strategic collaboration with Goldman Sachs to broaden access to diversified public and private market portfolios focused on retirement and wealth channels, including Goldman Sachs' planned $1 billion open-market investment in T. Rowe Price common stock targeting up to 3.5% ownership, enhancing product innovation and private market alternatives for retirement investors; neutral asset allocations for the fund were also updated as of August 1, 2025. The fund maintains quarterly portfolio holdings disclosures, with the most recent available for September 30, 2025, reflecting ongoing operational transparency amid preliminary year-end distribution planning for 2025.