T. Rowe Price Retirement 2040 R (RRTDX)
| Fund Assets | 26.53B |
| Expense Ratio | 1.10% |
| Min. Investment | $2,500 |
| Turnover | 14.90% |
| Dividend (ttm) | 1.36 |
| Dividend Yield | 3.70% |
| Dividend Growth | 145.02% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 19, 2025 |
| Previous Close | 36.68 |
| YTD Return | 9.66% |
| 1-Year Return | 23.54% |
| 5-Year Return | 44.69% |
| 52-Week Low | 31.01 |
| 52-Week High | 36.68 |
| Beta (5Y) | n/a |
| Holdings | 31 |
| Inception Date | Oct 31, 2003 |
About RRTDX
T. Rowe Price Retirement 2040 Fund - R Class is a target-date mutual fund designed to provide a diversified path toward retirement around the year 2040. The fund pursues total return with an emphasis on both capital growth and income, allocating across a mix of underlying T. Rowe Price stock and bond funds and adjusting that blend over time along a predefined glide path as the target date approaches. According to the sponsor, it is actively managed and rebalances among asset classes and sectors to reflect evolving risk and return characteristics while gradually increasing fixed income exposure to moderate volatility in later years. The fund benchmarks to the S&P Target Date 2040 Index and has an expense ratio cited at 1.10% in the most recent prospectus materials. It is positioned within the Target-Date 2040 category and assumes a typical retirement age of 65, aligning its lifecycle allocation to accumulate growth in earlier years and emphasize capital preservation closer to and through retirement.
Performance
RRTDX had a total return of 23.54% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.31%.
Top 10 Holdings
78.38% of assets| Name | Symbol | Weight |
|---|---|---|
| T. Rowe Price Value Fund Z Class | TRZAX | 14.72% |
| T. Rowe Price Growth Stock Fund Z Class | TRJZX | 13.28% |
| T. Rowe Price Equity Index 500 Fund Z Class | TRHZX | 7.83% |
| T. Rowe Price U.S. Large-Cap Core Fund Z Class | TRZLX | 7.78% |
| T. Rowe Price International Value Equity Fund Z Class | TROZX | 7.59% |
| T. Rowe Price Overseas Stock Fund Z Class | TRZSX | 7.25% |
| T. Rowe Price International Stock Fund Z Class | TRNZX | 5.77% |
| T. Rowe Price New Income Fund Z Class | TRVZX | 5.74% |
| T. Rowe Price Real Assets Fund Z Class | TRZRX | 5.53% |
| T. Rowe Price Mid-Cap Value Fund Z Class | TRTZX | 2.88% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 19, 2025 | $1.3567 | Dec 22, 2025 |
| Dec 20, 2024 | $0.5537 | Dec 23, 2024 |
| Dec 21, 2023 | $1.4229 | Dec 22, 2023 |
| Dec 21, 2022 | $2.0437 | Dec 22, 2022 |
| Dec 21, 2021 | $2.438 | Dec 22, 2021 |
| Dec 22, 2020 | $1.420 | Dec 23, 2020 |