T. Rowe Price Target 2065 Advisor (PAZLX)
| Fund Assets | 44.35M |
| Expense Ratio | 0.89% |
| Min. Investment | $500,000 |
| Turnover | 33.70% |
| Dividend (ttm) | 0.54 |
| Dividend Yield | 3.50% |
| Dividend Growth | 135.07% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 22, 2025 |
| Previous Close | 15.44 |
| YTD Return | 4.81% |
| 1-Year Return | 19.42% |
| 5-Year Return | 52.20% |
| 52-Week Low | 11.09 |
| 52-Week High | 15.66 |
| Beta (5Y) | 0.88 |
| Holdings | 22 |
| Inception Date | Oct 13, 2020 |
About PAZLX
T. Rowe Price Target 2065 Fund – Advisor Class is a target-date mutual fund designed for investors planning to retire around 2065. It seeks the highest total return over time with an emphasis on both capital growth and income, investing primarily through a diversified lineup of T. Rowe Price stock and bond funds whose allocations shift along a glide path as the target date approaches. Early in the lifecycle, the portfolio maintains a high allocation to equities and real assets to pursue long-term appreciation, incorporating U.S. large-cap, mid-cap, small-cap, and international developed and emerging markets exposures, with a modest allocation to fixed income. Around the target date, the strategy transitions to a more balanced posture and continues to reduce equity exposure for roughly three decades thereafter to support longevity and income needs. The fund’s implementation combines strategic glide-path design with active management and tactical asset allocation across underlying strategies, reflecting T. Rowe Price’s multi-asset research and oversight framework. This structure positions the fund as a comprehensive, single-fund solution for retirement savers seeking professionally managed diversification that evolves over time.
Performance
PAZLX had a total return of 19.42% in the past year, including dividends. Since the fund's inception, the average annual return has been 15.02%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| RPFDX | -i Class | 0.46% |
Top 10 Holdings
86.94% of assets| Name | Symbol | Weight |
|---|---|---|
| T. Rowe Price Value Z | TRZAX | 15.74% |
| T. Rowe Price Growth Stock Z | TRJZX | 15.33% |
| T. Rowe Price Equity Index 500 Z | TRHZX | 10.20% |
| T. Rowe Price US Large-Cap Core Z | TRZLX | 9.43% |
| T. Rowe Price International Value Eq Z | TROZX | 9.15% |
| T. Rowe Price Overseas Stock Z | TRZSX | 7.93% |
| T. Rowe Price International Stock Z | TRNZX | 6.57% |
| T. Rowe Price Real Assets Z | TRZRX | 6.29% |
| T. Rowe Price Mid-Cap Value Z | TRTZX | 3.18% |
| T. Rowe Price Em Mkts Discv Stk Z | TRFZX | 3.12% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 22, 2025 | $0.5416 | Dec 23, 2025 |
| Dec 23, 2024 | $0.2304 | Dec 24, 2024 |
| Dec 22, 2023 | $0.2673 | Dec 26, 2023 |
| Dec 22, 2022 | $0.3256 | Dec 23, 2022 |
| Dec 22, 2021 | $0.351 | Dec 23, 2021 |
| Dec 22, 2020 | $0.135 | Dec 23, 2020 |