• Mutual Funds
  • Aggressive Fund
  • Moderate Fund
  • Conservative Fund
  • Income Fund
  • Money Market Fund
  • Compare AARP Funds


• Fund Details
  • Performance
  • Daily Prices
  • Portfolio Construction and Fund Holdings
  • Fees & Expenses
  • Distributions
  • 2008 Capital Gain Distributions
  • Fund Holdings
  • Risks


• Manage Your Account
  • Open an Account
  • Making a Gift to a Minor
  • Buy More Shares
  • Exchange Your Shares
  • Review Your Account
  • Sell Your Shares
  • Restrictions on Excessive Trading
  • Glossary


• AARP Financial's 5 Principles of Investing
  • Look for Low Fees and Expenses
  • Use Index Funds
  • Diversify Your Investments
  • Rebalance to Stay on Track
  • Focus on Simple Choices

The AARP Funds are "no-load funds," meaning that you pay no sales charge when you invest and no redemption fee when you take money out. However, as an investor in a fund, you do pay a share of that fund's operating expenses, because these expenses are paid out of fund assets. The operating costs for each AARP Fund include costs for that fund itself as well as the fund's share of costs for each underlying fund it invests in.

Fees and expenses reduce your returns over time. AARP Funds feature low fees and expense ratios in order to help you potentially earn more from your investments.

The table below shows the fees and expenses you may pay if you buy and hold shares of the funds. The AARP Money Market Fund invests exclusively in money market instruments by investing in the State Street Money Market Portfolio (Underlying Money Market Fund).

An investment in the AARP Money Market Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.

As of June 30, 2008:

AARP Funds:	Aggressive	Moderate	Conservative	Income	Money Market
Shareholder Fees (paid directly from your investment)
	None1	None1	None1	None1	None1
Annual Fund Operating Expenses (Directly or indirectly deducted from fund and underlying fund assets)
Management Fees	0.01%	0.01%	0.01%	0.01%	0.10%2
Distribution and/or Service (12b-1) Fees3	0.20%	0.20%	0.20%	0.20%	0.20%
Other Expenses	1.12%	0.71%	1.38%	4.43%	0.53%
Acquired Fund Fees & Expenses4 (underlying fund fees and expenses)	0.26%	0.26%	0.25%	0.24%	0.00%
Total	1.59%	1.18%	1.84%	4.88%	0.83%
Contractual Waivers and/or Reimbursements of Fees and Expenses5	-1.09%	-0.68%	-1.34%	-4.38%	-0.53%
Net annual operating expenses After waivers and/or reimburse- ments 5	0.50%	0.50%	0.50%	0.50%	0.30%

1. Note that there is a fee (currently $5) for a redemption by wire.
2. Paid by the Underlying Money Market Fund to its investment adviser. By contract, AARP Financial receives no management fee for any period in which the fund is invested in a master-feeder structure.
3. The funds have adopted a so-called 12b-1 plan, which permits them to use fund assets to pay for the sales and distribution of their shares and for servicing activities. The underlying funds do not charge distribution or servicing fees and do not distribute their shares to the public.
4. Except for the Underlying Money Market Fund, these represent a pro-rata portion of the fees and expenses of the underlying funds in which a fund invests. Each underlying fund's fees and expenses may include advisory, transfer agent, administration, trustee, legal, audit, insurance, and other miscellaneous expenses.
5. AARP Financial has agreed contractually to waive fees and/or reimburse expenses through November 1, 2009 to cap each fund's "Net annual operating expenses" at the amounts shown in the above table.

Expense example
This example is designed to help you compare the costs of the AARP Funds to those of other mutual funds.

Let's say you invest $10,000 for the time periods shown in the "Hypothetical fees and expenses" table, and that your investment earns 5% a year. Let's also say that the Net Annual Operating Expenses for each fund are as described in the fee table on the preceding page through November 1, 2009, and after that date the Total Annual Operating Expenses apply. Given all these assumptions, the table shows what you would pay in fees and expenses over one-, three-, five-, and ten-year time periods. Remember, this is not a real example. It is shown for comparison only. Actual costs and returns – both past and future – might be higher or lower.

Hypothetical fees and expenses

	1 year	3 years	5 years	10 years
AARP Aggressive Fund	$51	$357	$726	$1,764
AARP Moderate Fund	$51	$283	$560	$1,350
AARP Conservative Fund	$51	$401	$826	$2,009
AARP Income Fund	$51	$930	$1,968	$4,575
AARP Money Market Fund	$31	$193	$390	$958

---

The mutual funds described in this site are sold only to U.S. residents.

An Investment in the Funds involves risk, including possible loss of principal. Please consider the investment objectives, risks, charges and expenses of the AARP Funds carefully before investing. The prospectus contains this and other important information about the Funds. To get a prospectus containing this and other information, click here (PDF) or call 1-866-218-6142. Read it carefully before you invest.

While AARP has licensed the use of its name to AARP Funds and endorses the services provided by AARP Financial Inc., AARP does not offer financial products or services itself and cannot recommend that you or any specific individual should purchase any particular product or service. AARP Financial Inc. is an investment adviser and a subsidiary of AARP.

The Financial Advisors are registered representatives of ALPS Distributors, Inc., a registered broker-dealer, and as investment adviser representatives of AARP Financial Inc., an investment adviser. AARP Financial Inc. offers investment advisory services and is not affiliated with ALPS Distributors, Inc.

AARP Funds are distributed by ALPS Distributors, Inc.