T. Rowe Price Target Retirement 2025 Fund
TRRVX
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.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- Aug 22, 2013
- CIK
- 0001177017
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Target Retirement 2025 Fund (TRRVX) 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 Funds that represent various asset classes, including equity, fixed income, and multi-asset strategies; its target allocation glides downward in equity exposure from approximately 65% near the 2025 target date toward a more conservative mix emphasizing bonds and cash equivalents thereafter. The fund's core underlying holdings include T. Rowe Price Limited Duration Inflation Focused Bond Fund Z (19.63%), New Income Fund Z (14.93%), Growth Stock Fund Z (6.22%), Value Fund Z (5.93%), International Bond (USD Hedged) Fund Z (5.65%), Hedged Equity Fund Z (4.31%), US Large-Cap Core Fund Z (4.16%), and others spanning US large-cap core, international value equity, and dynamic global bond strategies; it serves individual and institutional investors, retirement plans, and financial intermediaries targeting retirement savings around 2025, with total net assets of approximately $424 million and a net expense ratio of 0.50%. Operated by T. Rowe Price Group, Inc., a global investment management firm founded in 1937 and headquartered in Baltimore, Maryland, the fund benefits from the parent's broad geographic operations across the United States, Europe, Asia, and other regions, with a disciplined, research-driven approach focused on diversification, style consistency, and risk management. In September 2025, T. Rowe Price announced a strategic partnership with Goldman Sachs Asset Management, involving a potential $1 billion investment stake and collaboration to develop retirement-focused private market products, such as enhanced target-date fund solutions integrating alternatives for retail investors; the firms debuted their first joint product offerings by December 2025, expanding access to private credit and multi-asset capabilities for retirement portfolios. Additionally, in early 2025, T. Rowe Price acquired alternative credit manager Oak Hill Advisors for $7.5 billion, bolstering private credit expertise to meet client demand for diversified fixed-income alternatives, with integration supporting broader portfolio enhancements across target-date series. These moves reflect T. Rowe Price's deliberate inorganic growth strategy alongside its organic expansion in retirement assets.