About TRIKX
T. Rowe Price Retirement 2045 Fund – I Class is an actively managed target-date mutual fund designed for investors planning to retire around 2045. The fund pursues the highest total return consistent with both capital growth and income by investing in a diversified mix of underlying T. Rowe Price stock and bond funds. Its asset allocation shifts along a long-dated glide path, gradually moving from a higher equity exposure in early years toward a more conservative mix through retirement, with reallocations continuing for about 30 years past the target date. The strategy spans U.S. large-, mid-, and small-cap equities, international developed and emerging markets, real assets, and a range of core and diversifying fixed income sleeves, reflecting a broad, multi-asset approach. The I Class shares the same portfolio as the investor class but with lower expenses, aligning the vehicle for institutional use. Benchmarked to the S&P Target Date 2045 Index, the fund’s role is to provide a single-fund solution that balances accumulation, pre-retirement risk management, and post-retirement income support over a full life-cycle horizon.
Fund Family T. Rowe Price
Category Target-Date 2045
Performance Rating Above Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol TRIKX
Share Class -i Class
Index Russell 3000 TR
TRIKX had a total return of 10.85% in the past year, including dividends. Since the fund's
inception, the average annual return has been 16.43%.
