T. Rowe Price Retirement 2065 I (TRMOX)

Fund Assets	1.48B
Expense Ratio	0.46%
Min. Investment	$500,000
Turnover	22.40%
Dividend (ttm)	0.22
Dividend Yield	1.31%
Dividend Growth	2.49%
Payout Frequency	Annual
Ex-Dividend Date	Dec 19, 2025

Previous Close	16.96
YTD Return	14.61%
1-Year Return	21.58%
5-Year Return	n/a
52-Week Low	14.24
52-Week High	17.07
Beta (5Y)	n/a
Holdings	21
Inception Date	Nov 13, 2023

About TRMOX

T. Rowe Price Retirement 2065 Fund – I Class is a target-date mutual fund designed for investors planning to retire around 2065. Its primary objective is to deliver total return over time with an emphasis on both capital growth and income by allocating across a diversified mix of underlying T. Rowe Price stock and bond funds. The portfolio follows a glide path that maintains a high equity exposure in early years to pursue growth, then gradually reduces equity toward and after the target date; at the target year, the neutral equity allocation is 55%, declining further for about 30 years post‑retirement. Current positioning emphasizes equities across U.S. large-cap, mid-cap, small-cap, and international developed and emerging markets, alongside modest real assets and a small fixed income sleeve, with allocations adjusted tactically within tight bands around the neutral glide path. The fund is actively managed, uses T. Rowe Price underlying strategies for implementation, and is benchmarked to the S&P Target Date 2065+ Index. This institutional share class features an expense ratio disclosed in the prospectus materials and pursues long-term retirement income sustainability rather than a lump-sum outcome at the target date.

• Fund Family: T. Rowe Price
• Category: Target-Date 2065+
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: TRMOX
• Share Class: -i Class
• Index: Russell 3000 TR

Performance

TRMOX had a total return of 21.58% in the past year, including dividends. Since the fund's inception, the average annual return has been 21.17%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
PASUX	-advisor Class	0.89%
RRSUX	-r Class	1.14%

Top 10 Holdings

86.68% of assets

Name	Symbol	Weight
T. Rowe Price Value Z	TRZAX	16.59%
T. Rowe Price Growth Stock Z	TRJZX	14.89%
T. Rowe Price Equity Index 500 Z	TRHZX	9.39%
T. Rowe Price International Value Eq Z	TROZX	9.24%
T. Rowe Price US Large-Cap Core Z	TRZLX	8.76%
T. Rowe Price Overseas Stock Z	TRZSX	7.72%
T. Rowe Price Real Assets Z	TRZRX	6.85%
T. Rowe Price International Stock Z	TRNZX	6.65%
T. Rowe Price Em Mkts Discv Stk Z	TRFZX	3.33%
T. Rowe Price Mid-Cap Value Z	TRTZX	3.25%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 19, 2025	$0.536	Dec 22, 2025
Dec 20, 2024	$0.2697	Dec 23, 2024
Dec 21, 2023	$0.3209	Dec 22, 2023

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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