09/28/2021 | Press release | Distributed by Public on 09/28/2021 11:09
T. Rowe Price Retirement Income 2020 Fund
Effective October 1, 2021, the T. Rowe Price U.S. Equity Research Fund will be added as a new underlying fund in which the fund may invest.
In the summary prospectus and section 1 of the prospectus, the table showing the fund's neutral allocations is supplemented as follows:
Investments in the "U.S. Large-Cap Stocks" sector may be made through the Equity Index 500, Growth Stock, U.S. Equity Research, U.S. Large-Cap Core, and/or Value Funds. The addition of the U.S. Equity Research Fund does not change the overall neutral allocation assigned to U.S. large-cap stocks.
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In section 2 of the prospectus, the table titled "Description of Underlying Funds" is supplemented as follows:
U.S. Equity Research Long-term capital growth by investing primarily in U.S. common stocks. The fund uses a disciplined portfolio construction process to weight each sector and industry approximately the same as the S&P 500 Index.