T. Rowe Price Retirement Balanced ClassI
TRJWX
NASDAQ14.57
USD
-0.05
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T. Rowe Price Retirement Balanced ClassI
TRJWX
(NASDAQ)
Recent
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14.57
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ROIC.AI
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- T. Rowe Price Retirement Balanced Fund (Class I) (TRJWX) is an actively managed open-end mutual fund of funds offered by T. Rowe Price Group, Inc., a global investment management firm founded in 1937 and headquartered in Baltimore, Maryland. The fund seeks the highest total return over time consistent with an emphasis on both capital growth and income, investing in a diversified portfolio of underlying T. Rowe Price equity and fixed income mutual funds representing various asset classes and sectors; its neutral allocation consists of approximately 40% equity funds and 60% bond funds, designed for retired investors seeking income and relative stability from bonds alongside capital appreciation potential from stocks. Key holdings include T. Rowe Price Limited Duration Inflation Focused Bond Fund (Z Class) at 19.6%, T. Rowe Price New Income Fund (Z Class) at 15.7%, T. Rowe Price International Bond Fund (USD Hedged, Z Class) at 5.9%, and T. Rowe Price Equity Index 500 Fund at around 12.6%, with additional allocations to global bonds, emerging markets bonds, high yield, U.S. Treasury funds, and dynamic credit strategies. The Class I shares, which carry a lower expense ratio than other classes, were incepted on November 13, 2023, building on the Investor Class launched September 30, 2002, and the fund maintains a portfolio turnover of 12.7% as of December 31, 2024, with total assets of approximately $2.21 billion. T. Rowe Price Group, Inc. (NASDAQ: TROW) manages over $1.5 trillion in assets under management as of late 2024, serving individual, institutional, and retirement plan clients across 55 countries through 17 international offices with about 7,900 employees worldwide. The firm provides a broad spectrum of investment products and services, including equity and fixed income mutual funds, target-date retirement series, exchange-traded funds (ETFs), subadvisory services, separate account management, and retirement plan administration. In recent developments, T. Rowe Price announced a strategic collaboration with Goldman Sachs in September 2025, under which Goldman Sachs plans to invest up to $1 billion in T. Rowe Price common stock and the firms will co-develop target-date strategies and multi-asset offerings incorporating private market exposures such as private equity, private credit, and infrastructure, with launches targeted for mid-2026 to enhance retirement and wealth solutions. In November 2025, the firm expanded its active fixed income ETF lineup to 10 offerings with the launch of four new ETFs: T. Rowe Price Short Municipal Income ETF (TMNS), Long Municipal Income ETF (TMNL), High Income Municipal ETF (THYM), and Multi-Sector Income ETF (TMSF), complementing its existing equity and retirement-focused products. Earlier, in 2024, T. Rowe Price acquired Retiree, Inc., a fintech provider of retirement income planning software, to bolster its retirement capabilities, and relocated its global headquarters to a new $278 million facility in Baltimore's Harbor Point area.