T Rowe Price Target 2040 Fund I (TRXRX)
17.60
0.00 (0.00%)
USD |
Dec 30 2025
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.40% | 451.51M | -- | 29.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -75.24M | 16.30% | Upgrade | Upgrade |
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:
54
-259.89M
Peer Group Low
165.53M
Peer Group High
1 Year
% Rank:
69
-75.24M
-2.215B
Peer Group Low
1.393B
Peer Group High
3 Months
% Rank:
68
-689.10M
Peer Group Low
299.67M
Peer Group High
3 Years
% Rank:
78
-5.464B
Peer Group Low
5.102B
Peer Group High
6 Months
% Rank:
75
-1.260B
Peer Group Low
799.13M
Peer Group High
5 Years
% Rank:
62
-8.582B
Peer Group Low
11.01B
Peer Group High
YTD
% Rank:
69
-2.328B
Peer Group Low
1.291B
Peer Group High
10 Years
% Rank:
43
-18.07B
Peer Group Low
20.46B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of December 31, 2025.
*Indicates data for the year is incomplete.
Asset Allocation
As of September 30, 2025.
| Type | % Net |
|---|---|
| Cash | 2.72% |
| Stock | 71.33% |
| Bond | 24.04% |
| Convertible | 0.00% |
| Preferred | 0.11% |
| Other | 1.80% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| T Rowe Price Growth Stock Fund Z | 11.57% | 110.90 | -0.17% |
| T Rowe Price Value Fund Z | 11.46% | 48.20 | -0.10% |
| T Rowe Price US Large-Cap Core Fund Inc Z | 7.85% | 43.60 | -0.14% |
| T Rowe Price New Income Fund Z | 7.74% | 8.05 | 0.00% |
| T Rowe Price International Value Equity Fd Z | 6.75% | 23.69 | 0.30% |
| T Rowe Price Equity Index 500 Fund Z | 6.29% | 178.93 | -0.14% |
| T Rowe Price Overseas Stock Fund Z | 5.93% | 16.27 | 0.12% |
| T Rowe Price Limited Duration Inflation Foc Bd Z | 5.45% | 4.67 | 0.21% |
| T Rowe Price Real Assets Fund Z | 5.30% | 17.70 | 0.51% |
| T Rowe Price International Stock Fund Z | 4.98% | 20.89 | -0.05% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.40% |
| 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 | 500000.0 None |
| Minimum Subsequent Investment | 0.00 None |
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 (12-29-25) | 2.10% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 25 |
| Stock | |
| Weighted Average PE Ratio | 30.11 |
| Weighted Average Price to Sales Ratio | 6.873 |
| Weighted Average Price to Book Ratio | 7.670 |
| Weighted Median ROE | 30.67% |
| Weighted Median ROA | 11.16% |
| ROI (TTM) | 16.85% |
| Return on Investment (TTM) | 16.85% |
| Earning Yield | 0.0455 |
| LT Debt / Shareholders Equity | 0.8458 |
| Number of Equity Holdings | 0 |
| Bond | |
| Yield to Maturity (9-30-25) | 3.95% |
| Effective Duration | 6.82 |
| Average Coupon | 3.55% |
| Calculated Average Quality | 2.731 |
| Effective Maturity | 10.07 |
| Nominal Maturity | 10.19 |
| Number of Bond Holdings | 0 |
As of September 30, 2025
Growth Metrics
| EPS Growth (1Y) | 22.55% |
| EPS Growth (3Y) | 14.91% |
| EPS Growth (5Y) | 17.59% |
| Sales Growth (1Y) | 12.45% |
| Sales Growth (3Y) | 11.93% |
| Sales Growth (5Y) | 12.69% |
| Sales per Share Growth (1Y) | 14.41% |
| Sales per Share Growth (3Y) | 12.97% |
| Operating Cash Flow - Growth Rate (3Y) | 17.52% |
As of September 30, 2025
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:TRXRX", "name") |
| Broad Asset Class: =YCI("M:TRXRX", "broad_asset_class") |
| Broad Category: =YCI("M:TRXRX", "broad_category_group") |
| Prospectus Objective: =YCI("M:TRXRX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |