T. Rowe Price Target Retirement 2060 Fund
TRTFX
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USD
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Capital Structure
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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
- Jun 24, 2014
- CIK
- 0001177017
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Target Retirement 2060 Fund (TRTFX) is an open-end 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 funds representing various asset classes and sectors. The fund's allocation among these underlying funds—including T. Rowe Price Growth Stock Fund Z Class, T. Rowe Price Value Fund Z Class, T. Rowe Price U.S. Large-Cap Core Fund Z Class, T. Rowe Price Equity Index 500 Fund Z Class, T. Rowe Price International Value Equity Fund Z Class, T. Rowe Price Mid-Cap Growth Z Class, and T. Rowe Price Mid-Cap Value Z Class—automatically shifts over time in relation to its target retirement date of 2060, emphasizing asset accumulation prior to retirement through heavy equity exposure (typically around 62% U.S. equities, 29% international equities, and 7% real assets equities as of recent data), then balancing growth and income needs closer to retirement, and maintaining substantial equity holdings (minimum approximately 30%) up to 30 years post-retirement to support a long-term withdrawal horizon. Currently classified in the Morningstar Target-Date 2060 category with a large-blend equity style, low bond exposure (around 0.9%, including core fixed income and long treasuries), and a net expense ratio of 0.63%-0.64%, the fund targets long-term retirement savers planning to retire around age 65 in 2060 and is available to U.S. investors with a minimum initial investment of $2,500. Part of T. Rowe Price's broader suite of Retirement Funds managed by the firm founded in 1937 and headquartered in Baltimore, Maryland, TRTFX operates within the global asset management industry, serving individual retirement investors, financial advisors, institutions, and retirement plan sponsors across U.S. and international markets through 17 offices worldwide. In recent developments as of December 2025, T. Rowe Price, the fund's investment manager, launched its first joint product offerings with Goldman Sachs Asset Management, introducing active core ETFs and multi-asset model portfolios that blend active and passive strategies, with fees waived through January 2027 and further expansions planned into 2026; these initiatives enhance retirement-focused solutions like TRTFX by leveraging combined expertise in multi-asset allocation and outsourced chief investment officer services. The fund maintained stable operations with portfolio turnover around 23%-25%, top holdings comprising over 87% of assets, and preliminary year-end dividend distributions announced for tax planning, while broader firm updates included prospectus changes to T. Rowe Price Funds SICAV in December 2025. No fund-specific acquisitions, mergers, or name changes were reported in the last 1-2 years, reflecting continuity in its glide path strategy amid strong historical outperformance versus S&P Target Date 2060 benchmarks over 10-year rolling periods.