T. Rowe Price Retirement 2040 Fund Advisor Class (PARDX)
| Fund Assets | 26.53B |
| Expense Ratio | 0.84% |
| Min. Investment | $2,500 |
| Turnover | 14.90% |
| Dividend (ttm) | 1.43 |
| Dividend Yield | 3.83% |
| Dividend Growth | 128.61% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 19, 2025 |
| Previous Close | 37.27 |
| YTD Return | 9.82% |
| 1-Year Return | 22.96% |
| 5-Year Return | 45.73% |
| 52-Week Low | 31.74 |
| 52-Week High | 37.41 |
| Beta (5Y) | 0.83 |
| Holdings | 31 |
| Inception Date | Oct 31, 2003 |
About PARDX
T. Rowe Price Retirement 2040 Fund – Advisor Class is a target-date mutual fund designed to pursue long-term total return with an emphasis on both capital growth and income. It follows a glide path that gradually shifts from a higher equity allocation toward more fixed income as 2040 approaches, aiming to balance appreciation with income generation through and beyond the target date. The fund is actively managed as a fund-of-funds, investing across a diversified lineup of T. Rowe Price stock and bond strategies spanning U.S. large-cap, mid-cap, and international equities, core bonds, and real assets. Its asset mix is adjusted over time to reflect the needs of investors nearing and entering retirement, with a substantial equity stake maintained before and after the target date to support long-horizon objectives. The fund’s benchmark aligns with target-date peers, and it employs underlying vehicles to capture broad market exposure and sector diversification while centralizing portfolio construction and risk management under T. Rowe Price’s multi-asset team.
Performance
PARDX had a total return of 22.96% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.74%.
Top 10 Holdings
78.84% of assets| Name | Symbol | Weight |
|---|---|---|
| T. Rowe Price Value Fund Z Class | TRZAX | 14.69% |
| T. Rowe Price Growth Stock Fund Z Class | TRJZX | 13.99% |
| T. Rowe Price Equity Index 500 Fund Z Class | TRHZX | 7.93% |
| T. Rowe Price US Large-Cap Core Z | TRZLX | 7.93% |
| T. Rowe Price International Value Eq Z | TROZX | 7.46% |
| T. Rowe Price Overseas Stock Fund Z Class | TRZSX | 7.18% |
| T. Rowe Price International Stock Fund Z Class | TRNZX | 5.82% |
| T. Rowe Price New Income Fund Z Class | TRVZX | 5.53% |
| T. Rowe Price Real Assets Fund Z Class | TRZRX | 5.41% |
| T. Rowe Price Em Mkts Discv Stk Z | TRFZX | 2.91% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 19, 2025 | $1.4288 | Dec 22, 2025 |
| Dec 20, 2024 | $0.625 | Dec 23, 2024 |
| Dec 21, 2023 | $1.4878 | Dec 22, 2023 |
| Dec 21, 2022 | $2.0973 | Dec 22, 2022 |
| Dec 21, 2021 | $2.508 | Dec 22, 2021 |
| Dec 22, 2020 | $1.460 | Dec 23, 2020 |