T. Rowe Price is expanding its lineup of target-date funds. The Baltimore-based firm will add an new series of eleven funds, christened the T. Rowe Price Target Retirement Funds, to its current suite of retirement funds.

The new series will change up the staid the target date strategy a bit with an anticipated 42.5% of a fund's assets being invested in equities at the named retirement date, compared to 55% for the existing Retirement Funds.

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