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  • T. Rowe Price Mutual Funds

    We believe in actively managing our mutual funds and offer over 100 funds with no loads and low fees to address your specific investing needs. View all no-load mutual funds.

    Target
    Date Funds1

    What They Are:

    Actively managed funds make it easy to choose a diversified, age-appropriate asset mix during the years leading up to and through retirement.1

    Generally Good for:

    Investors who plan to retire close to a certain year looking for a single, "all-in-one" investment option.


    Stock Funds

    What They Are:

    Offer long-term growth potential by investing primarily in stocks of U.S. or international companies. Stock funds range from broadly diversified to those that concentrate on narrow sectors.

    Generally Good for:

    Investors who need the growth potential of stocks to save for retirement or other long-term goals and can withstand short-term price swings.

    International
    Funds
    (Stocks & Bonds)

    What They Are:

    Seek investment opportunities in stock or bond markets around the world, including developed and emerging markets.

    Generally Good for:

    Investors who want to participate in the growth of foreign markets and diversify a U.S.-focused portfolio.

    Bond & Money
    Market Funds
    (Taxable & Tax-Free)

    What They Are:

    Offer regular income and, in some cases, even tax-free income, by investing in bonds or money market securities.§ These funds range from broadly diversified to those that concentrate on narrow sectors.

    Generally Good for:
    • Bond funds may benefit investors who want to generate income and reduce the volatility of a stock-heavy portfolio and can withstand moderate price swings.
    • Money market funds may benefit investors with short-term objectives who need price stability and quick access to their savings.2

    Asset
    Allocation
    Funds

    What They Are:

    Convenient, one-step mutual funds that provide broad diversification by investing in a mix of stocks and bonds. Asset allocation funds are regularly rebalanced to ensure the investment strategy remains on track.

    Generally Good for:

    Investors looking for a complete portfolio in a single investment.


    Morningstar is one of the most respected third-party evaluators of mutual fund performance. Many of our mutual funds have been recognized by Morningstar in their respective categories. View the mutual funds.

    4- & 5-star rated funds from Morningstar:

    Over 55 of our funds have earned four or five stars from Morningstar, which gives these ratings to the top 32.5% of all funds based on their risk-adjusted returns.* Past performance cannot guarantee future results.





    All mutual funds are subject to market risk, including possible loss of principal. Diversification cannot assure a profit or protect against loss in a declining market.

    1The principal value of the Retirement Funds and Target Retirement Funds (collectively, the "target date funds") is not guaranteed at any time, including at or after the target date, which is the approximate year an investor plans to retire (assumed to be age 65) and likely stop making new investments in the fund. If an investor plans to retire significantly earlier or later than age 65, the funds may not be an appropriate investment even if the investor is retiring on or near the target date. The target date funds' allocations among a broad range of underlying T. Rowe Price stock and bond funds will change over time. The Retirement Funds emphasize potential capital appreciation during the early phases of retirement asset accumulation, balance the need for appreciation with the need for income as retirement approaches, and focus on supporting an income stream over a long-term retirement withdrawal horizon. The Target Retirement Funds emphasize asset accumulation prior to retirement, balance the need for reduced market risk and income as retirement approaches, and focus on supporting an income stream over a moderate postretirement withdrawal horizon. The target date funds are not designed for a lump-sum redemption at the target date and do not guarantee a particular level of income. The key difference between the Retirement Funds and the Target Retirement Funds is the overall allocation to equity; although they each maintain significant allocations to equities both prior to and after the target date, the Retirement Funds maintain a higher equity allocation, which can result in greater volatility over shorter time horizons.

    2An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency. Although a money market fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund.

    *Based on cumulative total return, 168 of 211, 131 of 178, 133 of 169, and 112 of 126 T. Rowe Price funds (including all share classes and excluding funds used in insurance products) outperformed their Lipper average for the 1-, 3-, 5-, and 10-year periods ended 9/30/14, respectively. Not all funds outperformed for all periods. (Source for data: Lipper Inc.)

    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 1 fund within this scale and rated separately. The Morningstar Rating™ is for the retail share class only; other classes may have different performance characteristics.

    ©2014 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

    §Some income may be subject to state and local taxes and the federal alternative minimum tax.

    Copyright 2014, T. Rowe Price Investment Services, Inc., Distributor. All rights reserved.