About TRFOX
T. Rowe Price Target 2050 Fund is a target-date mutual fund designed for investors planning to retire around 2050, aiming for the highest total return over time with an emphasis on both capital growth and income. It invests primarily in a diversified mix of underlying T. Rowe Price stock and bond funds, spanning U.S. large-, mid-, and small-cap equities, international developed and emerging markets, real assets for inflation sensitivity, and core and diversifying fixed income. The fund follows a strategic glide path that gradually reduces equity exposure and increases fixed income as the target date approaches and through retirement, with neutral allocations typically allowed to vary within plus or minus five percentage points. As of recent materials, its equity allocation is dominant in the years well before retirement, reflecting its long time horizon, with broad diversification across geographies and sectors to balance growth and risk. The vehicle serves as a professionally managed, single-fund solution that automatically rebalances and adjusts risk over time, while acknowledging that outcomes are not guaranteed and losses are possible, including near or after the target date.
Fund Family T. Rowe Price
Category Target-Date 2050
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol TRFOX
Index S&P Target Date 2050 TR
TRFOX had a total return of 14.50% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.80%.
