T. Rowe Price Retirement 2005  TRRFX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Target Date 2000-2010 Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Large
   Blend
  
  
   Avg Duration
   4.13 Yrs
   Avg Credit Quality
   AA
As of 2009-09-30
Day Change
$ 0.00
  
NAV (2009-11-10)
$ 10.63
  
YTD Return % (2009-11-10)
23.03%
  
Total Assets ($ mil)
889
View Data Definitions
  Performance    
Growth of $10,000 Fund: T. Rowe Price Retirement 2005
(from 2004-02-27 to 2009-10-31) Category: Target Date 2000-2010
Index: Morningstar Moderate Target Risk
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-10
Inception date: 2004-02-27 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-10
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 23.03 37.71 1.15 4.35 --- 4.05
+/- Category 5.24 21.34 2.08 1.79 --- ---
+/- Morningstar Moderate Target Risk 2.46 6.62 -0.01 -0.47 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 20.60 6.10 1.63 4.77 --- 4.26
Month-End (as of 2009-10-31) 19.68 18.73 0.62 4.30 --- 4.05
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 16.71 -0.80 3.15 --- ---
On Distribution & Sale of Shares --- 12.25 -0.17 3.08 --- ---
Morningstar Rating --- --- --- ---
# of compared funds covered (3 yrs : out of 134 funds), (5 yrs : out of 52 funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
Information 21.71
Software 3.87
Hardware 8.53
Media 2.55
Telecommunications 6.77
Service 41.16
Healthcare 11.13
Consumer Services 8.45
Business Services 4.55
Financial Services 17.03
Manufacturing 37.13
Consumer Goods 10.95
Industrial Materials 11.86
Energy 10.70
Utilities 3.61
Bond Quality % of Bonds
AAA 53.1
AA 5.6
A 10.8
BBB 15.2
BB 4.4
B 5.2
Below B 2.4
Not Rated 3.4
 
Asset Allocation
% of Net Assets
Cash 8.0
Stocks 49.0
Bonds 41.9
Other 1.0
Foreign Stocks 10.6
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings Turnover % 37
Total Number of Bond Holdings 0 30 Day SEC Yield % 0.00
% of Assets in Top 10 Holdings 92.21 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Sector P/E YTD
Return %		 % of Net
Assets
T. Rowe Price Equity Index 500 --- --- 23.37 31.38
T. Rowe Price New Income --- --- 12.75 25.83
T. Rowe Price Short-Term Income --- --- --- 13.52
T. Rowe Price High-Yield --- --- 44.29 4.51
T. Rowe Price International Stock --- --- 48.76 3.21
T. Rowe Price Emerging Markets Bond --- 34.55 2.96
T. Rowe Price Overseas Stock --- 34.61 2.89
T. Rowe Price International Bond --- --- 2.84
T. Rowe Price Intl Gr & Inc --- 33.01 2.61
T. Rowe Price Mid-Cap Growth --- 38.48 2.46
Data through 2009-09-30
YTD Return through 2009-11-20
  Other Information
Fund Inception: 2004-02-27
Portfolio Manager  (Start Date)
Jerome A. Clark  (2004-02-27)
Jerome Clark is a Vice President of T. Rowe Price Group, Inc. and T. Rowe Price Associates, Inc., and a Portfolio Manager in the Fixed Income Group. He manages the T. Rowe Price U.S. Treasury Long-Term Fund, the Program for Charitable Giving portfolios, the T. Rowe Price College Savings Plan (CSP) portfolios, the Manulife CSP portfolios, the Maryland CSP portfolios, and the T. Rowe Price Retirement Funds. He also manages institutional asset allocation portfolios. Prior to joining the firm in 1992, Jerome was a Captain in the United States Marine Corps and spent three years as a Mathematics Instructor at the U.S. Naval Academy. Jerome earned a B.S. in Mathematics from the U.S. Naval Academy, an M.S. in Operations Research from the Naval Postgraduate School, and an M.B.A. in Finance from Johns Hopkins University. He has also achieved the Chartered Financial Analyst accreditation.
Edmund M. Notzon III  (2008-10-01)
Notzon has been a member of the Portfolios committee since May 2003,and is managing director with T. Rowe Price Associates, his employer since 1989. Notzon holds the Chartered Financial Analyst designation.
Sales Charge %
(taken from prospectus dated 2009-10-01)
Front: None
Deferred: None
Expense Ratio % 0.00
based on net assets
(taken from annual report dated 2009-05-31)
Expense Ratio % 0.6
(taken from prospectus dated 2009-10-01)
Correspondence Information
100 East Pratt Street

Baltimore,  MD  21202
USA
Telephone:
800-492-7670
410-345-2000
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.