T. Rowe Price Retirement 2050 Fund

This fund strategically diversifies its holdings by investing in a wide array of T. Rowe Price's proprietary stock and bond mutual funds, thus providing exposure to various asset classes and sectors. The asset allocation among these T. Rowe Price funds will dynamically shift as the fund approaches its target retirement date. Structured around a specific target retirement year of 2050, as indicated by its name, the fund's management strategy is premised on an assumed retirement age of 65.