About TORFX
The T. Rowe Price Target 2010 Fund I Class is a target-date allocation mutual fund designed to help investors transition into and through retirement, with a focus on those who retired around the year 2010. This fund adopts a multi-asset strategy by investing in a diversified mix of other T. Rowe Price stock and bond funds, representing various asset classes and global sectors. Its asset allocation changes over time according to a predetermined glide path, becoming increasingly conservative as investors move past their retirement date to reduce market risk and volatility. At the target date, the fund typically holds a significant portion in bonds—over 60%—with the remainder primarily in equities, including U.S. and international stocks, real assets, and hedged equity positions. Beyond the target date, equity exposure continues to decrease, supporting the need for income, capital preservation, and inflation protection during retirement years. The fund’s objective is to achieve the highest total return consistent with both capital growth and income, making it suitable as a long-term, post-retirement investment vehicle that supports regular withdrawals and manages longevity and market risks.
Fund Family T. Rowe Price
Category Target-Date 2000-2010
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol TORFX
Share Class -i Class
Index S&P Target Date 2010 TR
TORFX had a total return of 5.44% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.89%.
