T Rowe Price Target 2040 Fund I (TRXRX)
18.02
-0.04
(-0.22%)
USD |
Feb 04 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.40% | 454.24M | -- | 29.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -90.11M | 15.84% |
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
-864.84M
Peer Group Low
291.45M
Peer Group High
1 Year
% Rank:
69
-90.11M
-2.476B
Peer Group Low
1.726B
Peer Group High
3 Months
% Rank:
53
-1.178B
Peer Group Low
680.08M
Peer Group High
3 Years
% Rank:
78
-4.955B
Peer Group Low
5.226B
Peer Group High
6 Months
% Rank:
67
-1.721B
Peer Group Low
814.20M
Peer Group High
5 Years
% Rank:
68
-8.355B
Peer Group Low
10.97B
Peer Group High
YTD
% Rank:
52
-864.84M
Peer Group Low
291.45M
Peer Group High
10 Years
% Rank:
43
-19.09B
Peer Group Low
20.32B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of February 05, 2026.
Asset Allocation
As of December 31, 2025.
| Type | % Net |
|---|---|
| Cash | 2.75% |
| Stock | 70.62% |
| Bond | 24.86% |
| Convertible | 0.00% |
| Preferred | 0.10% |
| Other | 1.66% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| T Rowe Price Value Fund Z | 11.74% | 51.23 | 0.53% |
| T Rowe Price Growth Stock Fund Z | 11.57% | 104.65 | -1.37% |
| T Rowe Price New Income Fund Z | 8.18% | 8.01 | 0.00% |
| T Rowe Price US Large-Cap Core Fund Inc Z | 7.02% | 43.82 | 0.02% |
| T Rowe Price Equity Index 500 Fund Z | 6.95% | 178.75 | -0.51% |
| T Rowe Price International Value Equity Fd Z | 6.87% | 25.64 | 0.20% |
| T Rowe Price Overseas Stock Fund Z | 6.04% | 17.11 | -0.29% |
| T Rowe Price Limited Duration Inflation Foc Bd Z | 5.69% | 4.67 | -0.21% |
| T Rowe Price International Stock Fund Z | 4.94% | 21.54 | -0.92% |
| T Rowe Price Real Assets Fund Z | 4.70% | 19.54 | 0.31% |
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 (2-3-26) | 2.05% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 25 |
| Stock | |
| Weighted Average PE Ratio | 29.94 |
| Weighted Average Price to Sales Ratio | 7.293 |
| Weighted Average Price to Book Ratio | 8.075 |
| Weighted Median ROE | 42.20% |
| Weighted Median ROA | 11.67% |
| ROI (TTM) | 16.62% |
| Return on Investment (TTM) | 16.62% |
| Earning Yield | 0.0444 |
| LT Debt / Shareholders Equity | 1.067 |
| Number of Equity Holdings | 0 |
| Bond | |
| Yield to Maturity (12-31-25) | 3.82% |
| Effective Duration | 6.82 |
| Average Coupon | 3.56% |
| Calculated Average Quality | 2.743 |
| Effective Maturity | 10.31 |
| Nominal Maturity | 10.41 |
| Number of Bond Holdings | 0 |
As of December 31, 2025
Growth Metrics
| EPS Growth (1Y) | 23.91% |
| EPS Growth (3Y) | 16.00% |
| EPS Growth (5Y) | 18.66% |
| Sales Growth (1Y) | 13.07% |
| Sales Growth (3Y) | 11.22% |
| Sales Growth (5Y) | 12.45% |
| Sales per Share Growth (1Y) | 31.90% |
| Sales per Share Growth (3Y) | 11.55% |
| Operating Cash Flow - Growth Rate (3Y) | 16.76% |
As of December 31, 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. |