T Rowe Price Retirement Blend 2040 Fund (TRBLX)
13.96
-0.04
(-0.29%)
USD |
Aug 24 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.41% | 2.001B | -- | 17.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 923.66M | 18.53% |
Basic Info
| Investment Strategy | |
| The Fund seeks the highest total return over time consistent with an emphasis on both capital growth and income. The Fund invests in a diversified portfolio of other T. Rowe Price stock and bond funds that represent various asset classes and sectors. Allocation changes over time in relation to its target retirement date. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Allocation |
| Broad Category | Allocation |
| Global Peer Group | Target Maturity MA USD 2040 |
| Peer Group | Mixed-Asset Target 2040 Funds |
| Global Macro | Target Maturity |
| US Macro | Mixed-Assets Target Date Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Growth & Income Funds |
| Fund Owner Firm Name | T. Rowe Price |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
13
-589.77M
Peer Group Low
320.54M
Peer Group High
1 Year
% Rank:
3
923.66M
-3.279B
Peer Group Low
2.737B
Peer Group High
3 Months
% Rank:
5
-1.305B
Peer Group Low
850.21M
Peer Group High
3 Years
% Rank:
8
-5.341B
Peer Group Low
5.900B
Peer Group High
6 Months
% Rank:
3
-1.733B
Peer Group Low
2.012B
Peer Group High
5 Years
% Rank:
20
-8.271B
Peer Group Low
11.21B
Peer Group High
YTD
% Rank:
3
-1.998B
Peer Group Low
2.012B
Peer Group High
10 Years
% Rank:
--
-20.76B
Peer Group Low
17.88B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of August 25, 2026.
Asset Allocation
As of June 30, 2026.
| Type | % Net |
|---|---|
| Cash | 1.77% |
| Stock | 82.66% |
| Bond | 14.02% |
| Convertible | 0.00% |
| Preferred | 0.16% |
| Other | 1.40% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| T Rowe Price Equity Index 500 Fund Z | 24.99% | 198.87 | -0.28% |
| T Rowe Price International Equity Index Fd Z | 11.89% | 22.85 | -0.26% |
| T Rowe Price Growth Stock Fund Z | 10.19% | 112.16 | -0.93% |
| T Rowe Price Value Fund Z | 10.15% | 58.74 | 0.50% |
| T Rowe Price QM US Bond Index Fund Z | 5.90% | 9.45 | 0.11% |
| T Rowe Price Real Assets Fund Z | 4.95% | 21.28 | 0.14% |
| T Rowe Price International Value Equity Fd Z | 4.17% | 27.82 | -0.25% |
| T Rowe Price International Stock Fund Z | 2.92% | 23.75 | -1.08% |
| T Rowe Price Emerging Markets Discv Stock Fund Z | 2.88% | 21.87 | -1.88% |
| T Rowe Price Emerging Markets Stock Fund Z | 2.85% | 55.34 | -2.00% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.41% |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 2500.00 None |
| Minimum Subsequent Investment | 100.00 None |
Projected Income
| Type | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of July 31, 2026.
Basic Info
| Investment Strategy | |
| The Fund seeks the highest total return over time consistent with an emphasis on both capital growth and income. The Fund invests in a diversified portfolio of other T. Rowe Price stock and bond funds that represent various asset classes and sectors. Allocation changes over time in relation to its target retirement date. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Allocation |
| Broad Category | Allocation |
| Global Peer Group | Target Maturity MA USD 2040 |
| Peer Group | Mixed-Asset Target 2040 Funds |
| Global Macro | Target Maturity |
| US Macro | Mixed-Assets Target Date Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Growth & Income Funds |
| Fund Owner Firm Name | T. Rowe Price |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (8-24-26) | 1.55% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 24 |
| Stock | |
| Weighted Average PE Ratio | 27.99 |
| Weighted Average Price to Sales Ratio | 6.422 |
| Weighted Average Price to Book Ratio | 7.867 |
| Weighted Median ROE | 51.73% |
| Weighted Median ROA | 11.93% |
| Return on Investment (TTM) | 17.91% |
| Earning Yield | 0.1354 |
| LT Debt / Shareholders Equity | 0.8104 |
| Number of Equity Holdings | 0 |
| Bond | |
| Yield to Maturity (6-30-26) | 4.70% |
| Effective Duration | -- |
| Average Coupon | 4.17% |
| Calculated Average Quality | 2.729 |
| Effective Maturity | 12.54 |
| Nominal Maturity | 12.65 |
| Number of Bond Holdings | 0 |
As of June 30, 2026
Growth Metrics
| EPS Growth (1Y) | 23.42% |
| EPS Growth (3Y) | 16.87% |
| EPS Growth (5Y) | 21.50% |
| Sales Growth (1Y) | 12.40% |
| Sales Growth (3Y) | 11.85% |
| Sales Growth (5Y) | 13.93% |
| Sales per Share Growth (1Y) | 77.68% |
| Sales per Share Growth (3Y) | 12.45% |
| Operating Cash Flow - Growth Rate (3Y) | 22.20% |
As of June 30, 2026
Fund Details
| Key Dates | |
| Inception Date | 7/26/2021 |
| Last Annual Report Date | 5/31/2025 |
| Last Prospectus Date | 8/1/2026 |
| Share Classes | |
| TBLJX | Inst |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds |
|
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:TRBLX", "name") |
| Broad Asset Class: =YCI("M:TRBLX", "broad_asset_class") |
| Broad Category: =YCI("M:TRBLX", "broad_category_group") |
| Prospectus Objective: =YCI("M:TRBLX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |