T. Rowe Price Target Retirement 2030 Fund
TRRWX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
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 2030 Fund (TRRWX) is an open-end mutual fund that seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a diversified portfolio of underlying T. Rowe Price equity and fixed income mutual funds representing various asset classes and sectors, including U.S. large-cap core, growth stock, value, equity index 500, international stock, overseas stock, international value equity, limited duration inflation focus bond, new income, and international bond (USD hedged); its allocation shifts gradually toward a more conservative mix as it approaches and passes the 2030 target retirement date, assuming retirement at age 65, with approximately 52% equities and 44% bonds currently diversified across U.S. equities (31%), international equities (15%), real assets equities (4%), core fixed income (20%), and return-seeking fixed income. Launched on August 20, 2013, as part of T. Rowe Price's Target Retirement series, the fund features a no-load share class with an adjusted expense ratio of 0.52%-0.54%, total net assets of approximately $557-599 million, a 38% turnover rate, and a TTM yield of 2.82%; it targets investors planning retirement around 2030 who seek a single-fund solution for asset accumulation pre-retirement, balanced growth and income near retirement, and post-retirement income support with inflation protection over a moderate withdrawal horizon. Part of the T. Rowe Price Group, Inc. family—a global investment management firm founded in 1937 and headquartered in Baltimore, Maryland—the fund operates primarily in the United States, serving individual and institutional investors in the target-date 2030 category with a large-blend investment style. T. Rowe Price Group manages over $1.4 trillion in assets under management and maintains operations across 17 international offices serving clients in 55 countries, focusing on active management strategies across equity, fixed income, multi-asset, retirement, and wealth management solutions. In September 2025, T. Rowe Price Group announced a strategic alliance with Goldman Sachs Asset Management, including a $1 billion investment by Goldman Sachs to own up to 3.5% of T. Rowe Price common stock, aimed at developing new investment products for retirement and wealth channels; this culminated in the December 2025 launch of their first co-branded model portfolios on the GeoWealth platform for registered investment advisors, targeting mass-affluent and high-net-worth clients with diversified mutual fund and ETF strategies, and a fifth portfolio incorporating direct indexing and evergreen alternatives slated for early 2026. These developments enhance T. Rowe Price's offerings in retirement-focused solutions, aligning with the Target Retirement 2030 Fund's emphasis on long-term investor outcomes amid ongoing glide path adjustments through 30 years post-retirement.