About TRRKX
T. Rowe Price Retirement 2045 Fund is a target-date mutual fund designed to pursue long‑term total return with emphasis on both capital growth and income. It follows a glide path that gradually shifts from a high allocation to equities toward more fixed income as the 2045 retirement date approaches, aiming to balance growth in early years with increasing diversification and risk reduction over time. The fund is actively managed as a fund‑of‑funds, investing across T. Rowe Price stock and bond strategies that span major asset classes, sectors, and geographies. Its benchmark is the S&P Target Date 2045 Index, providing a framework for risk and performance context within the target‑date category. The portfolio typically includes large‑cap U.S. equity, international equity, real assets, and core and high‑yield bond exposures through underlying T. Rowe Price funds. Established in 2005, the strategy serves as a single‑fund solution for retirement savers seeking professionally managed asset allocation that evolves as retirement nears, with ongoing oversight, rebalancing, and risk management embedded in its design.
Fund Family T. Rowe Price
Category Target-Date 2045
Performance Rating Above Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol TRRKX
Index S&P Target Date 2045 TR
TRRKX had a total return of 10.71% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.59%.
