Retirement I 2045 Fund - I Class
TRPKX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Baltimore MD 21202 Baltimore MD United States of America 21202
- IPO Date
- Sep 29, 2015
- CIK
- 0001177017
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Retirement I 2045 Fund - I Class (TRPKX) is a target-date mutual fund managed by T. Rowe Price Group, Inc., an American global investment management firm headquartered in Baltimore, Maryland, and founded in 1937. The fund targets investors planning to retire around 2045, gradually adjusting its asset allocation from a growth-oriented portfolio to a more conservative mix emphasizing income generation and capital preservation through and beyond the target date. It invests primarily in a diversified mix of equity securities (approximately 63% U.S. stocks and 30% non-U.S. stocks), fixed income instruments (U.S. and non-U.S. bonds), and a small cash allocation, with underlying holdings including T. Rowe Price equity, bond, and multi-asset funds such as U.S. Large-Cap Growth, International Equity, Core Fixed Income, and Return-Seeking Fixed Income strategies. The fund offers shares in the I Class (TRPKX), designed for institutional and advisor-sold channels with a net expense ratio of around 0.61%, alongside other share classes like the Retail (TRRKX); it maintains a substantial equity allocation even post-target date to support long-term withdrawal horizons without guaranteeing specific income levels. T. Rowe Price Group provides a broad array of complementary products and services, including mutual funds across equity, fixed income, and multi-asset categories; subadvisory services; retirement plan administration; managed accounts; ETFs; brokerage services; and alternative investments for individuals, institutions, financial intermediaries, and retirement plan sponsors worldwide, with operations spanning 17 international offices serving clients in 55 countries. In recent developments, T. Rowe Price Group acquired Oak Hill Advisors, a private credit manager with $53 billion in assets, for $7.5 billion (74% cash, 26% stock) in early 2025 to bolster its private markets platform and expand alternative credit offerings for wealth and retail clients. The firm launched four new active fixed income ETFs in November 2025, including three municipal bond funds and the T. Rowe Price Multi-Sector Income ETF (TMSF) spanning global credit sectors, alongside aggressive ETF expansion capturing significant inflows; it also formed strategic partnerships with Goldman Sachs Asset Management, including a $1 billion stock investment by Goldman and joint model portfolios for retirement savers launching through 2026. These moves reflect T. Rowe Price's focus on product innovation, alternatives growth, and retirement solutions amid $1.6 trillion in assets under management as of late 2024.