T. Rowe Price Retirement 2065 Advisor (PASUX)

Fund Assets	1.48B
Expense Ratio	0.89%
Min. Investment	$500,000
Turnover	22.40%
Dividend (ttm)	0.49
Dividend Yield	2.91%
Dividend Growth	120.60%
Payout Frequency	Annual
Ex-Dividend Date	Dec 19, 2025

Previous Close	16.80
YTD Return	14.44%
1-Year Return	20.56%
5-Year Return	52.64%
52-Week Low	14.12
52-Week High	16.91
Beta (5Y)	n/a
Holdings	22
Inception Date	Oct 13, 2020

About PASUX

The T. Rowe Price Retirement 2065 Advisor Fund is a target-date mutual fund designed for individuals planning to retire around the year 2065. Its primary function is to provide a professionally managed, diversified investment solution that automatically adjusts its asset allocation over time. Initially, the fund emphasizes capital growth by allocating a high proportion of assets to equities, gradually shifting toward a more balanced and conservative mix of equities and fixed income securities as the retirement date approaches. A notable feature of this fund is its use of a diversified portfolio of underlying T. Rowe Price stock and bond funds, covering a broad range of asset classes and sectors. The fund follows a dynamic glide path that continues to adjust allocations not only up to, but also well beyond the target retirement year, reducing equity exposure to support income and stability for decades post-retirement. This structure allows investors to stay invested in a single fund throughout their accumulation and decumulation phases. As part of T. Rowe Price's suite of retirement solutions, this fund plays a significant role in supporting long-term retirement planning for investors seeking an all-in-one strategy that adapts as retirement approaches and progresses.

• Fund Family: T. Rowe Price
• Category: Target-Date 2065+
• Performance Rating: Below Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: PASUX
• Share Class: -advisor Class
• Index: S&P Target Date 2065+ TR

Performance

PASUX had a total return of 20.56% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.77%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
TRMOX	-i Class	0.46%
RRSUX	-r Class	1.14%

Top 10 Holdings

86.17% of assets

Name	Symbol	Weight
T. Rowe Price Value Z	TRZAX	16.68%
T. Rowe Price Growth Stock Z	TRJZX	16.61%
T. Rowe Price Equity Index 500 Z	TRHZX	9.59%
T. Rowe Price US Large-Cap Core Z	TRZLX	9.10%
T. Rowe Price International Value Eq Z	TROZX	8.06%
T. Rowe Price Overseas Stock Z	TRZSX	7.18%
T. Rowe Price International Stock Z	TRNZX	6.69%
T. Rowe Price Real Assets Z	TRZRX	5.60%
T. Rowe Price Mid-Cap Value Z	TRTZX	3.34%
T. Rowe Price Em Mkts Discv Stk Z	TRFZX	3.33%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 19, 2025	$0.4873	Dec 22, 2025
Dec 20, 2024	$0.2209	Dec 23, 2024
Dec 21, 2023	$0.3069	Dec 22, 2023
Dec 21, 2022	$0.3596	Dec 22, 2022
Dec 21, 2021	$0.401	Dec 22, 2021
Dec 22, 2020	$0.120	Dec 23, 2020

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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