TBLDX – T. Rowe Price Retirement Blend 2020 I 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 manager 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 2020) 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
TSBAX	T. Rowe Price Retirement Blend 2020 Fund	No Load	Open			Jul 26, 2021	$98.98M	0.350%	Below Average	$2,500	$26.38M
TBLDX	T. Rowe Price Retirement Blend 2020 Fund-I Class	Institutional	Open			Jul 26, 2021	$539.60M	0.200%	Below Average	$500,000	$212.11M

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