T. Rowe Price Retirement Blend 2020 I (TBLDX)

Fund Assets	365.11M
Expense Ratio	0.20%
Min. Investment	$500,000
Turnover	28.60%
Dividend (ttm)	0.32
Dividend Yield	2.78%
Dividend Growth	15.14%
Payout Frequency	Annual
Ex-Dividend Date	Dec 19, 2025

Previous Close	11.40
YTD Return	6.41%
1-Year Return	8.51%
5-Year Return	31.19%
52-Week Low	10.55
52-Week High	11.66
Beta (5Y)	0.59
Holdings	26
Inception Date	Jul 26, 2021

About TBLDX

T. Rowe Price Retirement Blend 2020 Fund I Class is a target-date mutual fund specifically designed for investors nearing or in retirement around the year 2020. The fund’s primary function is to provide a balance between capital growth and income, dynamically adjusting its portfolio allocation to become more conservative as the target retirement date approaches and progresses. It achieves diversification by investing in a blend of underlying T. Rowe Price stock and bond funds that span various asset classes and sectors, balancing domestic and international equity and fixed-income exposures. Notably, around mid-2025, the fund maintained an allocation close to 50% equities and 42% bonds, supplemented by cash and other minor asset classes, reflecting a risk profile suited to retirees seeking income with controlled risk. The fund is managed by an experienced team, emphasizing both active and passive strategies embedded in the underlying holdings. Its expense ratio is competitively low for its category, which enhances its appeal in the target-date fund market. With a substantial portion of assets concentrated in core index and bond funds, its role in the financial market is to facilitate long-term, adaptive retirement solutions through a professionally managed, all-in-one investment vehicle for individuals at or near retirement age.

• Fund Family: T. Rowe Price
• Category: Target-Date 2020
• Performance Rating: High
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: TBLDX
• Share Class: -i Class

Performance

TBLDX had a total return of 8.51% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.38%.

Top 10 Holdings

76.18% of assets

Name	Symbol	Weight
T. Rowe Price QM US Bond Index Z	TSBZX	15.08%
T. Rowe Price Equity Index 500 Z	TRHZX	13.45%
T. Rowe Price US Limited Dtn TIPS Z	TLDZX	12.79%
T. Rowe Price International Eq Z	TLIEX	6.44%
T. Rowe Price Intl Bd (USD Hdgd) Z	TRMZX	5.75%
T. Rowe Price Growth Stock Z	TRJZX	5.61%
T. Rowe Price Value Z	TRZAX	5.35%
T. Rowe Price Hedged Equity Z	PZHEX	5.04%
T. Rowe Price Dynamic Global Bond Z	TRDZX	3.49%
T. Rowe Price Emerging Markets Bond Z	TREZX	3.18%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 19, 2025	$0.3747	Dec 22, 2025
Dec 20, 2024	$0.2996	Dec 23, 2024
Dec 21, 2023	$0.2389	Dec 22, 2023
Dec 21, 2022	$0.2662	Dec 22, 2022

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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