Retirement I 2050 Fund - I Class
TRPMX
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
FRC
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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
- IPO Date
- Sep 29, 2015
- CIK
- 0001177017
- Similar Companies
- Business
- T. Rowe Price Retirement I 2050 Fund - I Class (TRPMX) is a 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 stock, bond, and money market mutual funds representing various asset classes and sectors, including U.S. and international equities, investment-grade and high-yield bonds, inflation-linked bonds, emerging markets debt, and alternative investments. The fund's allocation among underlying T. Rowe Price mutual funds automatically adjusts over time according to its proprietary glide path, with a heavier emphasis on equities in early years transitioning to a more conservative mix approaching and beyond the target retirement date of 2050, reaching a minimum equity exposure of approximately 20-30% about 30 years after the target date; it is designed primarily for retirement savers expecting to retire around 2050, such as individuals aged 45-49, and serves institutional investors, financial intermediaries, retirement plans, and defined contribution plans. The I Class shares, with a net expense ratio of 0.45%, were incepted on September 29, 2015, and are managed by T. Rowe Price Associates, Inc., a subsidiary of T. Rowe Price Group, Inc., founded in 1937 and headquartered at 100 East Pratt Street in Baltimore, Maryland, with global operations across 16 countries serving individual and institutional clients worldwide. In recent developments, T. Rowe Price announced a strategic collaboration with Goldman Sachs in September 2025, under which Goldman Sachs intends to invest up to $1 billion in T. Rowe Price common stock to own up to 3.5% of the company, aiming to broaden access to diversified public and private market portfolios focused on retirement and wealth channels for individuals, financial advisors, plan sponsors, and plan participants; this partnership leverages T. Rowe Price's retirement expertise with Goldman Sachs Asset Management's offerings, with initial joint model portfolios debuting in December 2025 and additional launches planned for the first half of 2026 incorporating direct indexing. The fund maintains its focus on multi-asset-class target-date strategies amid these firm-level expansions, with total net assets of approximately $7.52 billion as of late 2023 and ongoing adjustments to its glide path for sustained risk reduction post-retirement.