T. Rowe Price Retirement 2060 Fund (TRRLX)
Ticker Symbol:
TRRLX
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Objective
Quick Stats
Fiscal Year End  June
Morningstar Category  Target Date 2051+
Inception Date 06/23/2014
Tax ID 46-5676022
Investment Objective
The objective is to provide the highest total return over time consistent with an emphasis on both capital growth and income.
Strategy
To invest in a diversified portfolio of other T. Rowe Price stock and bond funds that represent various asset classes and sectors. As the fund nears its target retirement date, its allocation between T. Rowe Price stock and bond funds will become more conservative over time based on a pre-determined “glide path”.

The allocations shown in the glide path are referred to as “neutral” allocations because they do not reflect the tactical decisions 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 (stock and bonds), which reflect these strategic decisions resulting from market outlook, are not expected to vary from the neutral allocations set forth in the glide path by more than plus (+) or minus (-) five (5) percentage points.

While the fund does not guarantee a level of income, it continues to serve as a post-retirement investment vehicle with allocations designed to provide an income stream through retirement.
Investor Profile
Individuals seeking long-term capital appreciation, who want a broadly diversified, professionally managed mutual fund portfolio. It is important to note that the retirement year of the fund you select should not necessarily represent the specific year you intend to start drawing retirement assets. It should be a guide only. You should choose the Retirement Fund with the target date closest to the year you reach age 65. Appropriate for both regular and tax-deferred accounts, such as IRAs.
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. The principal value of the Retirement Funds is not guaranteed at any time, including at or after the target date, which is the approximate year an investor plans to retire (assumed to be age 65) and likely stop making new investments in the fund. If an investor plans to retire significantly earlier or later than age 65, the funds may not be an appropriate investment even if the investor is retiring on or near the target date. The funds' allocations among a broad range of underlying T. Rowe Price stock and bond funds will change over time. The funds emphasize potential capital appreciation during the early phases of retirement asset accumulation, balance the need for appreciation with the need for income as retirement approaches, and focus on supporting an income stream over a long-term postretirement withdrawal horizon. The funds are not designed for a lump-sum redemption at the target date and do not guarantee a particular level of income. The funds maintain a substantial allocation to equities both prior to and after the target date, which can result in greater volatility over shorter time horizons.
*Funds are placed in general risk/return categories based on their 10-year standard deviation (as of December 2014) or, for newer funds, the standard deviation of the types of securities in which they invest. There is no assurance past trends will continue.
See Glossary for additional details on all data elements.