PARFX – T. Rowe Price Retirement 2050 Advisor Investment Strategy | Morningstar

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Strategy

The investment seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a diversified portfolio of other T. Rowe Price equity and fixed income mutual funds that represent various asset classes and sectors. The fund’s allocations among underlying T. Rowe Price mutual funds will change over time in relation to the fund’s target retirement date. The fund is managed based on the specific retirement year (target date 2050) included in its name and assumes a retirement age of 65.

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
TRRMX	T. Rowe Price Retirement 2050 Fund	No Load	Open			Dec 29, 2006	$5.01B	0.620%	Above Average	$2,500	−$1.12B
PARFX	T. Rowe Price Retirement 2050 Fund Advisor Class	No Load	Open			Dec 29, 2006	$1.06B	0.870%	High	$2,500	−$193.30M
TRJLX	T. Rowe Price Retirement 2050 Fund I Class	Institutional	Open			Nov 13, 2023	$10.82B	0.440%	Average	$500,000	−$876.89M
RRTFX	T. Rowe Price Retirement 2050 Fund Class R	Retirement, Medium	Open			Dec 29, 2006	$1.04B	1.120%	Above Average	$2,500	−$58.41M

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