T.Rowe Price Retirement Funds Inc. - Blend 2040 Fund (TBLJX)
| Fund Assets | 915.43M |
| Expense Ratio | 0.24% |
| Min. Investment | $500,000 |
| Turnover | 17.30% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 2.48% |
| Dividend Growth | 45.71% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 19, 2025 |
| Previous Close | 12.86 |
| YTD Return | 4.12% |
| 1-Year Return | 19.13% |
| 5-Year Return | n/a |
| 52-Week Low | 9.39 |
| 52-Week High | 13.02 |
| Beta (5Y) | 0.85 |
| Holdings | 25 |
| Inception Date | Jul 26, 2021 |
About TBLJX
T. Rowe Price Retirement Blend 2040 Fund – I Class is a target-date mutual fund designed for investors planning to retire around 2040. The fund seeks total return with an emphasis on both capital growth and income by investing primarily in a diversified mix of underlying T. Rowe Price stock and bond funds, adjusting its allocation along a glide path as the target year approaches to gradually reduce equity exposure and increase fixed income. According to the sponsor, the portfolio is actively managed and diversified across asset classes and sectors, using the S&P Target Date 2040 Index as a benchmark for asset allocation context and performance comparisons. Key characteristics include an institutional share class structure, a stated objective of balancing growth with risk management through time, and portfolio turnover that has been modest on a recent trailing basis. This fund plays a role in multi-asset retirement solutions by offering a single-fund framework for lifecycle investing, aiming to simplify ongoing rebalancing and asset allocation decisions for participants and fiduciaries.
Performance
TBLJX had a total return of 19.13% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.94%.
Top 10 Holdings
81.53% of assets| Name | Symbol | Weight |
|---|---|---|
| T. Rowe Price Equity Index 500 Z | TRHZX | 26.67% |
| T. Rowe Price International Equity Index Fund Z Class | TLIEX | 12.73% |
| T. Rowe Price Value Z | TRZAX | 9.16% |
| T. Rowe Price Growth Stock Z | TRJZX | 8.72% |
| T. Rowe Price Real Assets Z | TRZRX | 5.90% |
| T. Rowe Price International Value Eq Z | TROZX | 4.92% |
| T Rowe Price QM US Bond Index Fund - T ROWE PR QM BND INDX-Z | n/a | 4.60% |
| T. Rowe Price Mid-Cap Index Z | TRSZX | 3.17% |
| T. Rowe Price International Stock Z | TRNZX | 2.95% |
| T. Rowe Price Em Mkts Discv Stk Z | TRFZX | 2.71% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 19, 2025 | $0.3194 | Dec 22, 2025 |
| Dec 20, 2024 | $0.2192 | Dec 23, 2024 |
| Dec 21, 2023 | $0.2097 | Dec 22, 2023 |
| Dec 21, 2022 | $0.1608 | Dec 22, 2022 |