TRFOX – T. Rowe Price Target 2050 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 pursues its 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 2050) 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
PAOFX	T. Rowe Price Target 2050 Fund Advisor Class	No Load	Open			Aug 20, 2013	$4.81M	0.860%	Above Average	$0	−$24,115.18
TRFOX	T. Rowe Price Target 2050 Fund	No Load	Open			Aug 20, 2013	$118.92M	0.610%	Average	$2,500	−$13.29M
TOORX	T. Rowe Price Target 2050 Fund I Class	Institutional	Open			Feb 26, 2016	$278.15M	0.430%	Average	$500,000	−$26.20M

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