T. Rowe Price Target 2065 I (RPFDX)
| Fund Assets | 44.35M |
| Expense Ratio | 0.46% |
| Min. Investment | $500,000 |
| Turnover | 33.70% |
| Dividend (ttm) | 0.63 |
| Dividend Yield | 4.11% |
| Dividend Growth | 86.40% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 22, 2025 |
| Previous Close | 15.32 |
| YTD Return | 4.86% |
| 1-Year Return | 18.82% |
| 5-Year Return | 55.17% |
| 52-Week Low | 10.93 |
| 52-Week High | 15.50 |
| Beta (5Y) | n/a |
| Holdings | 22 |
| Inception Date | Oct 13, 2020 |
About RPFDX
T. Rowe Price Target 2065 Fund - I Class is an actively managed target-date mutual fund designed for investors planning to retire around 2065. It allocates capital across a diversified suite of T. Rowe Price stock and bond funds and gradually adjusts its mix along a predetermined glide path as the retirement date approaches, emphasizing growth in early years and adding income-oriented exposure over time. The fund’s process combines strategic glide‑path design with tactical asset allocation and active security selection implemented through underlying strategies across U.S. large-, mid-, and small-cap equities, international developed and emerging markets, real assets, and fixed income. Around the target date, the neutral equity allocation is designed to remain substantial before tapering further in the decades after retirement to support longevity needs. This I Class share targets institutional investors with a higher minimum investment and a competitive expense profile for the category. Positioned within the Target-Date 2065+ category, it seeks high total return consistent with capital growth and income through a diversified, multi-asset framework overseen by T. Rowe Price’s multi-asset and research teams.
Performance
RPFDX had a total return of 18.82% in the past year, including dividends. Since the fund's inception, the average annual return has been 16.22%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| PAZLX | -advisor Class | 0.89% |
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 | $0.6293 | Dec 23, 2025 |
| Dec 23, 2024 | $0.3376 | Dec 24, 2024 |
| Dec 22, 2023 | $0.329 | Dec 26, 2023 |
| Dec 22, 2022 | $0.3816 | Dec 23, 2022 |
| Dec 22, 2021 | $0.4377 | Dec 23, 2021 |
| Dec 22, 2020 | $0.145 | Dec 23, 2020 |