About PRSLX
The T. Rowe Price Target 2065 Fund is a target-date mutual fund designed for individuals planning to retire around the year 2065. Its primary function is to provide a professionally managed, diversified investment portfolio that evolves over time—the fund’s allocation to equities, fixed income, and other asset classes automatically adjusts to become more conservative as the retirement date approaches. Initially, the fund emphasizes capital growth through a high allocation to equities, including domestic and international stocks spanning growth, value, and large- to mid-cap sectors. Over time, it gradually shifts towards a mix that includes a greater proportion of bonds and other income-generating assets, aiming to reduce risk as investors near and enter retirement.
The fund is structured as a “fund of funds,” investing mainly in various T. Rowe Price mutual funds to achieve broad diversification across asset classes, geographic regions, and sectors. It follows a predetermined glide path, targeting a 55% equity allocation at the retirement date, with continued risk reduction for decades thereafter. This makes it suitable for investors seeking a long-term, hands-off approach to retirement investing. The T. Rowe Price Target 2065 Fund plays a significant role in the market as part of a broader suite of target-date solutions, simplifying retirement planning by offering automated, professionally managed asset allocation over an investor’s lifecycle.
Fund Family T. Rowe Price
Category Target-Date 2065+
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol PRSLX
PRSLX had a total return of 16.16% in the past year, including dividends. Since the fund's
inception, the average annual return has been 12.36%.
