T. Rowe Price Retirement 2020 Advisor (PARBX)

Fund Assets	20.91B
Expense Ratio	0.77%
Min. Investment	$2,500
Turnover	n/a
Dividend (ttm)	1.15
Dividend Yield	5.55%
Dividend Growth	51.53%
Payout Frequency	Annual
Ex-Dividend Date	Dec 19, 2025

Previous Close	20.68
YTD Return	6.10%
1-Year Return	15.56%
5-Year Return	28.95%
52-Week Low	19.02
52-Week High	20.69
Beta (5Y)	0.59
Holdings	32
Inception Date	Oct 31, 2003

About PARBX

The T. Rowe Price Retirement 2020 Advisor (PARBX) seeks to provide the highest total return over time consistent with an emphasis on both capital growth and income.

• Fund Family: Price Funds - Adv Cl
• Category: Target-Date 2020
• Stock Exchange: NASDAQ
• Ticker Symbol: PARBX
• Share Class: -advisor Class
• Index: S&P Target Date 2020 TR

Performance

PARBX had a total return of 15.56% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.97%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
TRDBX	-i Class	0.37%
RRTBX	-r Class	1.02%

Top 10 Holdings

70.29% of assets

Name	Symbol	Weight
T. Rowe Price New Income Fund Z Class	TRVZX	15.70%
T. Rowe Price Limited Duration Inflation Focused Bond Fund Z Class	TRPZX	13.24%
T. Rowe Price Value Fund Z Class	TRZAX	7.76%
T. Rowe Price Growth Stock Fund Z Class	TRJZX	7.03%
T. Rowe Price International Bond Fund (USD Hedged) Z Class	TRMZX	5.82%
T. Rowe Price Hedged Equity Fund-Z Class	PZHEX	5.02%
T. Rowe Price Equity Index 500 Fund Z Class	TRHZX	4.10%
T. Rowe Price U.S. Large-Cap Core Fund Z Class	TRZLX	4.05%
T. Rowe Price International Value Equity Fund Z Class	TROZX	3.91%
T. Rowe Price Overseas Stock Fund Z Class	TRZSX	3.67%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 19, 2025	$1.1471	Dec 22, 2025
Dec 20, 2024	$0.757	Dec 23, 2024
Dec 21, 2023	$1.1558	Dec 22, 2023
Dec 21, 2022	$2.1714	Dec 22, 2022
Dec 21, 2021	$2.813	Dec 22, 2021
Dec 22, 2020	$2.190	Dec 23, 2020