T. Rowe Price Retirement 2015 Fund (TRRGX)
Ticker Symbol:
TRRGX
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Snapshot
Quick Stats
Current NAV as of 09/02/2010 $10.91
NAV Change $0.07
Daily YTD Return as of 09/02/2010 2.25%
NAV 12 Month Low-High $9.96 - $11.47
Net Assets as of 07/31/2010 $4,803.68 Million
Morningstar Ratings1
as of 07/31/2010
Overall
3 Year
5 Year
10 Year N/A
Morningstar rated the Retirement 2015 Fund among 97, 97, 31 and N/A Target Date 2011-2015 funds for the overall rating and the 3-, 5-, and 10-year periods (as applicable) ending 07/31/2010, respectively. Morningstar Ratings™ are based on risk-adjusted returns. The Overall Morningstar Rating™ is derived from a weighted average of the performance figures associated with a fund's 3-, 5-, and 10-year (if applicable) Morningstar Rating™ metrics.
Performance Comparison
as of 07/31/2010
This chart shows the value of a hypothetical $10,000 investment in the fund over the past 10 years or since its inception (for funds lacking 10-year records). The result is compared with benchmarks, which may include a broad-based market index and a peer group average or index. Market indexes do not include expenses, which are deducted from fund returns as well as mutual fund averages and indexes.
Retirement Funds Combined Index Portfolios are blended index portfolios used to evaluate the performance of the Retirement Funds. The composition of each fund's benchmark adjusts on a quarterly basis to reflect the fund's strategic neutral target allocation for each asset class, which is predetermined and changes over time. The Retirement Income Fund's combined index portfolio does not change. The most recent mix of underlying indexes can be found in the Performance section of each fund's quarterly commentary, available by accessing the Management/Commentary tab above.
Benchmark Definitions
1 For funds with at least a 3-year history, a Morningstar Rating™ is based on a risk-adjusted return measure (including the effects of sales charges, loads, and redemption fees) with emphasis on downward variations and consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% 4 stars, the next 35% 3 stars, the next 22.5% 2 stars, and the bottom 10% 1 star. Each share class is counted as a fraction of one fund within this scale and rated separately. Morningstar Rating™ is for the retail share class only; other classes may have different performance characteristics.
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Average Annual Total Returns and Benchmarks
as of 06/30/2010
Investment Objective
The objective is to provide the highest total return over time consistent with an emphasis on both capital growth and income.
Average Annual Total Returns2
  Month
End
08/31/2010 		Quarter
End
06/30/2010
1 Year 7.97% 15.09%
3 Years -2.53% -3.88%
5 Years 2.75% 2.83%
10 Years N/A N/A
Since Inception 3.94% 3.60%
Inception Date February 27, 2004
Expense Ratio as of 05/31/2009 0.69%
Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when you sell your shares.
2 Average annual total return figures include changes in principal value, reinvested dividends, and capital gain distributions. For funds less than one year old, the Since Inception return figure is not annualized and represents an aggregate total return.
See Glossary for additional details on all data elements.