T Rowe Price Retirement Funds Inc - T. Rowe Price Retirement I 2060 Fund
TRPLX
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
- Baltimore MD 21202
- IPO Date
- Apr 17, 2023
- CIK
- 0001177017
- Similar Companies
- Business
- T. Rowe Price Retirement Funds, Inc. serves as the registered investment company offering a range of target-date retirement mutual funds, including the T. Rowe Price Retirement I 2060 Fund (TRPLX), which 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 stock, bond, and multi-asset funds. The TRPLX fund, part of the I Class share series designed for institutional and retirement plan investors with minimum investments typically starting at $2,500, maintains a glide path that emphasizes potential capital appreciation in early phases, balances growth and income near retirement, and supports long-term income post-retirement with substantial equity allocations even after the 2060 target date to manage longevity risk; its portfolio typically features around 64% U.S. stocks, 32% non-U.S. stocks, minimal bonds, and small cash holdings, benchmarked against indices like the Morningstar Lifetime Moderate 2060 TR USD. These funds implement a dynamic asset allocation strategy across underlying T. Rowe Price offerings such as equity funds (e.g., Growth Stock Fund), fixed income funds (e.g., New Income Fund), and alternatives, targeting investors planning retirement around 2056-2060. T. Rowe Price Retirement Funds, Inc., established under T. Rowe Price Group, Inc., which was founded in 1937 and is headquartered in Baltimore, Maryland, operates as part of a global investment management firm with assets under management exceeding $1.5 trillion, approximately 7,000-8,000 employees, and offices in 17 locations serving clients across 55 countries. The firm focuses on active management for individual, institutional, retirement plan, and intermediary clients, with retirement solutions comprising a significant portion of assets, including target-date funds totaling over $500 billion. In recent developments, T. Rowe Price Group announced the acquisition of Oak Hill Advisors in January 2025 for $7.5 billion to bolster its private credit and alternatives capabilities, integrating Oak Hill's $53 billion platform into its private markets offerings. The firm launched four new active fixed income ETFs in November 2025—Short Municipal Income ETF (TMNS), Long Municipal Income ETF (TMNL), High Income Municipal ETF (THYM), and Multi-Sector Income ETF (TMSF)—expanding its ETF lineup to 28 funds amid growing demand for municipals and multi-sector strategies. Additional strategic moves include a partnership with Aspida in February 2025 for insurance asset management, a collaboration with Goldman Sachs announced in September 2025 involving up to $1 billion in stock investment and joint model portfolios for retirement channels, and plans for active ETF launches in Europe in 2026. These initiatives reflect T. Rowe Price's focus on product diversification, alternatives growth, and retirement market expansion despite net outflows in some equity strategies during 2025.