PARBX Fees and Costs — T. Rowe Price Retirement 2020 Fund, Advisor Class
Data updated: 2026-08-12
The net expense ratio is 0.76%: a 0.51% management fee plus a 0.25% 12b-1 fee. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $15K in broker commissions, 0.0001% of average net assets, and portfolio turnover was 18%.
PARBX Fees and Expenses
Annual operating expenses and sales charges of PARBX. Prospectus, as of July 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.51% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.76% |
| Fee waiver | — |
| Net expense ratio | 0.76% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PARBX Costs Over Time
On $10,000 invested in PARBX, assuming 5% a year before costs, total costs come to $478 over 5 years, cutting the return by 0.80% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.76%) | $80 | $250 | $434 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $80 | $262 | $478 |
| Value after costs | $10,420 | $11,314 | $12,285 |
| Impact on return, per year | 0.80% | 0.80% | 0.80% |
PARBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0001%
- Total broker commissions: $15K
- Bought from dealers (principal trades, not a cost): $120.2M
- Portfolio turnover (prospectus): 18%
- Securities lending: none during the year
PARBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $4K | 28.56% |
| Citigroup Inc. | $4K | 25.17% |
| GOLDMAN SACHS & CO. LLC | $4K | 24.06% |
| BOFA SECURITIES, INC. | $2K | 12.23% |
| MORGAN STANLEY & CO. LLC | $2K | 9.98% |
PARBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| ASL CAPITAL MARKETS INC. | $59.5M | 49.49% |
| MORGAN STANLEY & CO. LLC | $50.8M | 42.27% |
| J.P. MORGAN SECURITIES LLC | $9.9M | 8.24% |
T. Rowe Price Retirement 2020 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TRDBX | I Class | 0.36% | — |
| TRRBX | T. Rowe Price Retirement 2020 Fund | 0.51% | — |
| PARBX | Advisor Class | 0.76% | — |
| RRTBX | R Class | 1.01% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.