T. Rowe Price Retirement 2040 Fund (TRRDX)

This fund strategically allocates its capital across a diverse range of T. Rowe Price's proprietary equity and fixed-income mutual funds, providing exposure to various asset classes and economic sectors. The portfolio's composition among these underlying funds will be progressively adjusted, becoming more conservative as it approaches its designated target retirement year. Tailored for investors anticipating retirement around 2040, its management strategy is built upon an assumed retirement age of 65.