- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- Mar 1, 2004
- Business
- T. Rowe Price Retirement 2025 Fund (TRRHX) is a target-date mutual fund managed by T. Rowe Price Group, Inc., designed to provide a diversified portfolio for investors planning to retire around 2025, gradually shifting from growth-oriented equities to income-focused fixed income over time. The fund invests primarily in other T. Rowe Price mutual funds and exchange-traded funds, including equity strategies such as T. Rowe Price Growth Stock Fund Z Class, T. Rowe Price Value Fund Z Class, and T. Rowe Price U.S. Large-Cap Core Fund Z Class; fixed income holdings like T. Rowe Price New Income Fund Z Class, T. Rowe Price Limited Duration Inflation Focused Bond Fund Z Class, T. Rowe Price International Bond (USD Hedged) Z Class, and T. Rowe Price Dynamic Global Bond Z Class; and specialized allocations to T. Rowe Price Hedged Equity Fund Z Class and T. Rowe Price U.S. Treasury Long-Term Index Z Class, maintaining a substantial equity exposure even post-target date to support long-term income generation amid volatility. Launched on February 27, 2004, with an expense ratio of 0.55%, the fund serves individual and institutional investors targeting retirement savings, particularly through 401(k) plans and individual retirement accounts.
T. Rowe Price Group, Inc., the fund's investment manager, was founded in 1937 and is headquartered at 100 East Pratt Street in Baltimore, Maryland, operating globally with approximately 7,868 employees across 17 international offices serving clients in 55 countries. The firm emphasizes active management across U.S. and international equities, fixed income, multi-asset solutions, and retirement products, with assets under management reaching $1.61 trillion as of December 31, 2024. In recent developments, T. Rowe Price underwent a leadership transition in 2022 when William J. Stromberg retired as CEO, succeeded by Robert F. Blue, followed by Rob Sharps assuming the role of CEO and President as of 2025, signaling continued strategic focus on growth investing and client-centric innovation. The Retirement 2025 Fund has maintained its core glide path strategy without major structural changes, partnerships, or new product launches reported in 2024-2025, while adapting portfolio allocations to navigate market volatility, delivering a 6.47% year-to-date return through mid-2025 and emphasizing inflation-protected bonds and hedged international exposure.