T. Rowe Price Retirement Blend 2035 (TBLYX)

Fund Assets	2.00B
Expense Ratio	0.41%
Min. Investment	$2,500
Turnover	19.20%
Dividend (ttm)	0.23
Dividend Yield	1.75%
Dividend Growth	21.62%
Payout Frequency	Annual
Ex-Dividend Date	Dec 19, 2025

Previous Close	13.22
YTD Return	9.38%
1-Year Return	12.50%
5-Year Return	45.25%
52-Week Low	11.77
52-Week High	13.60
Beta (5Y)	n/a
Holdings	26
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.

• Fund Family: T. Rowe Price
• Category: Target-Date 2035
• Performance Rating: High
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: TBLYX

Performance

TBLYX had a total return of 12.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.69%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
TBLHX	-i Class	0.23%

Top 10 Holdings

77.07% of assets

Name	Symbol	Weight
T. Rowe Price Equity Index 500 Z	TRHZX	22.14%
T. Rowe Price International Eq Z	TLIEX	10.37%
T. Rowe Price QM US Bond Index Z	TSBZX	9.32%
T. Rowe Price Growth Stock Z	TRJZX	8.94%
T. Rowe Price Value Z	TRZAX	8.70%
T. Rowe Price Real Assets Z	TRZRX	4.62%
T. Rowe Price International Value Eq Z	TROZX	3.72%
T. Rowe Price Intl Bd (USD Hdgd) Z	TRMZX	3.68%
T. Rowe Price US Trs Long-Term Idx Z	TRZUX	3.01%
T. Rowe Price Em Mkts Discv Stk Z	TRFZX	2.56%

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

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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