T. Rowe Price Retirement Blend 2040 I (TBLJX)

Fund Assets	915.43M
Expense Ratio	0.24%
Min. Investment	$500,000
Turnover	17.30%
Dividend (ttm)	0.32
Dividend Yield	2.28%
Dividend Growth	45.71%
Payout Frequency	Annual
Ex-Dividend Date	Dec 19, 2025

Previous Close	14.01
YTD Return	13.08%
1-Year Return	19.28%
5-Year Return	54.18%
52-Week Low	11.94
52-Week High	14.08
Beta (5Y)	0.84
Holdings	24
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.

• Fund Family: T. Rowe Price
• Category: Target-Date 2040
• Performance Rating: Above Average
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: TBLJX
• Share Class: -i Class

Performance

TBLJX had a total return of 19.28% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.24%.

Top 10 Holdings

80.88% of assets

Name	Symbol	Weight
T. Rowe Price Equity Index 500 Z	TRHZX	24.14%
T. Rowe Price International Equity Index Fund Z Class	TLIEX	13.19%
T. Rowe Price Value Z	TRZAX	10.11%
T. Rowe Price Growth Stock Z	TRJZX	8.95%
T. Rowe Price Real Assets Z	TRZRX	5.98%
T. Rowe Price International Value Eq Z	TROZX	4.94%
T. Rowe Price QM US Bond Index Z	TSBZX	4.84%
T. Rowe Price International Stock Z	TRNZX	3.05%
T. Rowe Price Em Mkts Discv Stk Z	TRFZX	2.98%
T. Rowe Price Emerging Markets Stock Z	TRGZX	2.70%

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

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:

Aug 27, 2026

Data Sources Report a data error