PARFX Fees and Costs — T. Rowe Price Retirement 2050 Fund, Advisor Class
Data updated: 2026-08-12
The net expense ratio is 0.87%: a 0.62% management fee plus a 0.25% 12b-1 fee. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $19K in broker commissions, 0.0001% of average net assets, and portfolio turnover was 23%.
PARFX Fees and Expenses
Annual operating expenses and sales charges of PARFX. Prospectus, as of July 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.62% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.87% |
| Fee waiver | — |
| Net expense ratio | 0.87% |
| 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 |
PARFX Costs Over Time
On $10,000 invested in PARFX, assuming 5% a year before costs, total costs come to $546 over 5 years, cutting the return by 0.91% 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 0.87%) | $91 | $285 | $496 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $300 | $546 |
| Value after costs | $10,409 | $11,277 | $12,217 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
PARFX 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: $19K
- Bought from dealers (principal trades, not a cost): $113.1M
- Portfolio turnover (prospectus): 23%
- Securities lending: none during the year
PARFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Inc. | $7K | 37.95% |
| GOLDMAN SACHS & CO. LLC | $4K | 19.42% |
| BOFA SECURITIES, INC. | $3K | 13.84% |
| MORGAN STANLEY & CO. LLC | $2K | 12.36% |
| J.P. MORGAN SECURITIES LLC | $2K | 11.18% |
| WELLS FARGO SECURITIES, LLC | $976 | 5.25% |
PARFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $57.6M | 50.91% |
| ASL CAPITAL MARKETS INC. | $48.6M | 42.96% |
| J.P. MORGAN SECURITIES LLC | $6.9M | 6.13% |
T. Rowe Price Retirement 2050 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TRJLX | I Class | 0.44% | — |
| TRRMX | T. Rowe Price Retirement 2050 Fund | 0.62% | — |
| PARFX | Advisor Class | 0.87% | — |
| RRTFX | R Class | 1.12% | — |
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.