T. Rowe Price Retirement Balanced Fund (TRRIX)
Ticker Symbol:
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Objective
Quick Stats
Fiscal Year End  May
Morningstar Category  Allocation--30% to 50% Equity
Inception Date 09/30/2002
Tax ID 56-2294396
Investment Objective
The objective is to provide the highest total return over time consistent with an emphasis on both capital growth and income.
Invests in a diversified portfolio of other T. Rowe Price stock and bond funds that represent various asset classes and sectors. The fund’s “neutral allocations,” which are what T. Rowe Price considers broadly appropriate for investors seeking a static asset allocation during their retirement years, are 40% stock funds and 60% bond funds.

These allocations are intended to provide lower market risk for investors desiring lower portfolio volatility near retirement. Investors should be aware that the Retirement Balanced Fund is static at 40% neutral equity allocation and does not change that allocation over time. As such, an investor may want to consider a higher or lower equity allocation as their age and specific stage of retirement change. The fund is designed to be part of an investor’s overall retirement strategy, but is not intended as a complete solution to an investor’s retirement needs.

While the overall asset mix generally remains consistent over time, tactical decisions may be made by T. Rowe Price to overweight or underweight a particular asset class or sector based on its market outlook. The target allocations assigned to the broad asset classes (stocks and bonds), which reflect these strategic decisions resulting from market outlook, are not expected to vary from the neutral allocations by more than plus (+) or minus (-) five (5) percentage points at the asset class level.
Risk/Reward Potential*
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This fund provides a simplified option for retirement investing, including professional management, broad-based diversification, and low-cost management fees. As with any mutual fund, there is no guarantee that the fund will achieve its objective. Further, there is no guarantee that the fund will provide adequate income at and through retirement.

The principal value of the Retirement Balanced Fund is not guaranteed at any time. The fund invests in a broad range of underlying mutual funds that include stocks, bonds, and short-term investments and is subject to the risks of different areas of the market.

In general, the stock portion of the portfolio is subject to market risk, or falling share prices. The bond portion is affected by interest rate and credit risk.
* Annually we evaluate the standard deviation of each US mutual fund listed and its resulting placement within specific risk/return categories.

Methodology: If a fund is at least 5 year old, it is generally placed in risk/return categories based on the standard deviation of its performance for the longest period of its calendar year returns; the longest time period used for analysis is 10 years (regardless of the fund's inception). If a fund is less than 5 years old, we generally use the fund's primary benchmark disclosed in its prospectus as a proxy and follow the same process of using 10-year standard deviation of the benchmark, or longest time period available. The firm at its sole discretion may show a fund in a higher risk category based on qualitative or other factors that may differ from this methodology.
See Glossary for additional details on all data elements.