T. Rowe Price Retirement Blend 2045 I (TBLKX)

Fund Assets	733.12M
Expense Ratio	0.24%
Min. Investment	$500,000
Turnover	19.00%
Dividend (ttm)	0.23
Dividend Yield	1.57%
Dividend Growth	20.79%
Payout Frequency	Annual
Ex-Dividend Date	Dec 19, 2025

Previous Close	14.53
YTD Return	14.15%
1-Year Return	21.51%
5-Year Return	58.81%
52-Week Low	12.20
52-Week High	14.62
Beta (5Y)	0.88
Holdings	23
Inception Date	Jul 26, 2021

About TBLKX

T. Rowe Price Retirement Blend 2045 Fund I Class is a target-date mutual fund designed to help investors save for retirement with an anticipated retirement date around the year 2045. Its primary objective is to achieve the highest total return over time by balancing capital growth with income generation. The fund accomplishes this by actively managing a diverse portfolio of underlying T. Rowe Price stock and bond funds, spanning various asset classes, sectors, and geographies. The current allocation is predominantly in equities, with significant exposure to both U.S. and international stocks, complemented by allocations to real assets and a smaller proportion in core and global fixed income securities. Over time, the fund’s asset mix will shift, gradually increasing its allocation to bonds to reduce risk as the target date approaches. Its diversified structure and periodic rebalancing aim to optimize risk-adjusted returns for individuals planning to retire around 2045, making it a key component in retirement planning strategies focused on long-term growth and income potential.

• Fund Family: T. Rowe Price
• Category: Target-Date 2045
• Performance Rating: Above Average
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: TBLKX
• Share Class: -i Class

Performance

TBLKX had a total return of 21.51% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.95%.

Top 10 Holdings

86.11% of assets

Name	Symbol	Weight
T. Rowe Price Equity Index 500 Z	TRHZX	26.61%
T. Rowe Price International Equity Index Fund Z Class	TLIEX	14.42%
T. Rowe Price Value Z	TRZAX	11.02%
T. Rowe Price Growth Stock Z	TRJZX	9.81%
T. Rowe Price Real Assets Z	TRZRX	6.56%
T. Rowe Price International Value Eq Z	TROZX	5.42%
T. Rowe Price International Stock Z	TRNZX	3.30%
T. Rowe Price Em Mkts Discv Stk Z	TRFZX	3.22%
T. Rowe Price Emerging Markets Stock Z	TRGZX	2.92%
T. Rowe Price Mid-Cap Index Z	TRSZX	2.82%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 19, 2025	$0.3181	Dec 22, 2025
Dec 20, 2024	$0.2184	Dec 23, 2024
Dec 21, 2023	$0.1879	Dec 22, 2023
Dec 21, 2022	$0.1601	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

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