Morningstar

T. Rowe Price Retirement 2005 Fund TRRFX

Medalist Rating as of Apr 25, 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 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 2005) 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
TRRFX	T. Rowe Price Retirement 2005 Fund	No Load	Open			Feb 27, 2004	$436.55M	0.490%	Above Average	$2,500	−$84.37M
PARGX	T. Rowe Price Retirement 2005 Fund Advisor Class	No Load	Open			May 31, 2007	$28.65M	0.740%	High	$2,500	−$3.59M
TRAJX	T. Rowe Price Retirement 2005 Fund I Class	Institutional	Open			Nov 13, 2023	$621.79M	0.340%	Above Average	$500,000	−$69.27M
RRTLX	T. Rowe Price Retirement 2005 Fund Class R	Retirement, Medium	Open			May 31, 2007	$33.88M	0.990%	Average	$2,500	−$6.06M

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