T. Rowe Price Target 2065

This portfolio aims to achieve its investment objectives by strategically allocating assets across a wide range of T. Rowe Price equity and fixed-income mutual funds, thereby securing exposure to diverse asset classes and market sectors. The composition of these underlying T. Rowe Price funds will be rebalanced periodically, adjusting as the fund approaches its specified target retirement date. Identified by the year 2065 in its title, the fund's management strategy is specifically designed for that retirement year, built upon the assumption of an investor retiring at age 65.