Morningstar

T. Rowe Price Retirement Blend 2065 Fund TRBPX

Medalist Rating as of Apr 27, 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 fund pursues its objective(s) 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 invests in a mix of both actively managed funds and passively managed index funds, which is an approach designed to reduce tracking error and result in lower overall fees in comparison to actively managed target date funds. The fund is managed based on the specific retirement year (target date 2065) 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
TRBPX	T. Rowe Price Retirement Blend 2065 Fund	No Load	Open			Jul 26, 2021	$34.16M	0.440%	Below Average	$2,500	$9.33M
TBLOX	T. Rowe Price Retirement Blend 2065 Fund-I Class	Institutional	Open			Jul 26, 2021	$329.27M	0.260%	Below Average	$500,000	$151.98M

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