T.Rowe Price Retirement Funds Inc. - Blend 2035 Fund (TBLYX)
| Fund Assets | 1.02B |
| Expense Ratio | 0.41% |
| Min. Investment | $2,500 |
| Turnover | 19.20% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 2.42% |
| Dividend Growth | 40.04% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 19, 2025 |
| Previous Close | 12.56 |
| YTD Return | 3.70% |
| 1-Year Return | 17.55% |
| 5-Year Return | n/a |
| 52-Week Low | 9.45 |
| 52-Week High | 12.70 |
| Beta (5Y) | n/a |
| Holdings | 25 |
| Inception Date | Jul 26, 2021 |
About TBLYX
T. Rowe Price Retirement Blend 2035 Fund is a target-date mutual fund designed to help investors prepare for retirement around the year 2035. Its primary purpose is to deliver the highest total return over time, balancing both capital growth and income. The fund achieves this by allocating assets across a diversified portfolio of underlying T. Rowe Price stock and bond funds, representing multiple asset classes and sectors. As the target retirement date approaches, the fund's asset allocation becomes progressively more conservative—gradually shifting from a higher proportion of equities towards fixed income investments to reduce risk. Notable features include a dynamic "glide path" strategy, disciplined rebalancing, and exposure to both U.S. and international equities and bonds. The fund plays a critical role in the retirement planning process for individuals seeking a professionally managed, diversified solution that automatically adjusts its risk profile as retirement nears. This makes it especially relevant for participants in employer-sponsored retirement plans and individuals seeking a set-and-forget investment to align with their anticipated retirement timeline.
Performance
TBLYX had a total return of 17.55% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.31%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| TBLHX | -i Class | 0.24% |
Top 10 Holdings
77.62% of assets| Name | Symbol | Weight |
|---|---|---|
| T. Rowe Price Equity Index 500 Z | TRHZX | 23.14% |
| T. Rowe Price International Equity Index Fund Z Class | TLIEX | 11.26% |
| T Rowe Price QM US Bond Index Fund - T ROWE PR QM BND INDX-Z | n/a | 8.72% |
| T. Rowe Price Value Z | TRZAX | 8.15% |
| T. Rowe Price Growth Stock Z | TRJZX | 7.73% |
| T. Rowe Price Real Assets Z | TRZRX | 5.31% |
| T. Rowe Price International Value Eq Z | TROZX | 4.43% |
| T. Rowe Price Intl Bd (USD Hdgd) Z | TRMZX | 3.23% |
| T. Rowe Price US Trs Long-Term Idx Z | TRZUX | 2.83% |
| T. Rowe Price Mid-Cap Index Z | TRSZX | 2.82% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 19, 2025 | $0.3043 | Dec 22, 2025 |
| Dec 20, 2024 | $0.2173 | Dec 23, 2024 |
| Dec 21, 2023 | $0.1871 | Dec 22, 2023 |
| Dec 21, 2022 | $0.181 | Dec 22, 2022 |