T. Rowe Price Retirement 2040 Fund Class R (RRTDX)

Fund Assets	26.53B
Expense Ratio	1.09%
Min. Investment	$2,500
Turnover	14.90%
Dividend (ttm)	0.40
Dividend Yield	1.06%
Dividend Growth	19.19%
Payout Frequency	Annual
Ex-Dividend Date	Dec 19, 2025

Previous Close	37.46
YTD Return	12.47%
1-Year Return	18.46%
5-Year Return	43.58%
52-Week Low	32.31
52-Week High	37.82
Beta (5Y)	0.87
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.

• Fund Family: T. Rowe Price
• Category: Target-Date 2040
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: RRTDX
• Share Class: -r Class
• Index: S&P Target Date 2040 TR

Performance

RRTDX had a total return of 18.46% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.34%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
TRHDX	-i Class	0.42%
PARDX	-advisor Class	0.84%

Top 10 Holdings

77.89% of assets

Name	Symbol	Weight
T. Rowe Price Value Z	TRZAX	14.58%
T. Rowe Price Growth Stock Z	TRJZX	14.38%
T. Rowe Price US Large-Cap Core Z	TRZLX	7.91%
T. Rowe Price Equity Index 500 Z	TRHZX	7.81%
T. Rowe Price International Value Eq Z	TROZX	7.01%
T. Rowe Price Overseas Stock Z	TRZSX	6.61%
T. Rowe Price New Income Z	TRVZX	5.87%
T. Rowe Price International Stock Z	TRNZX	5.79%
T. Rowe Price Real Assets Z	TRZRX	4.95%
T. Rowe Price Mid-Cap Value Z	TRTZX	2.99%

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

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 26, 2026

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