Morningstar

T. Rowe Price Target 2025 Fund Advisor Class PAJRX

Medalist Rating as of Aug 31, 2026 See T. Rowe Price Investment Hub

Strategy

The investment seeks the highest total return over time consistent with an emphasis on both capital growth and income. The advisor pursues the fund's objective by investing in a diversified portfolio of other T. Rowe Price equity and fixed income mutual funds that represent various asset classes and sectors. It is managed based on the specific retirement year (target date 2025) included in its name and assumes a retirement age of 65. The target date refers to the approximate year an investor in the fund would plan to retire and likely stop making new investments in the fund.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PAJRX	T. Rowe Price Target 2025 Fund Advisor Class	No Load	Open			Aug 20, 2013	$2.89M	0.750%	High	$2,500	−$413,982.80
TRRVX	T. Rowe Price Target 2025 Fund	No Load	Open			Aug 20, 2013	$128.55M	0.500%	Average	$2,500	−$17.91M
TRVVX	T. Rowe Price Target 2025 Fund I Class	Institutional	Open			Feb 26, 2016	$239.95M	0.340%	Below Average	$500,000	−$57.89M

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