T. Rowe Price Retirement Blend 2040 (TRBLX)
| Fund Assets | 915.43M |
| Expense Ratio | 0.41% |
| Min. Investment | $500,000 |
| Turnover | 17.30% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 2.29% |
| Dividend Growth | 46.81% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 19, 2025 |
| Previous Close | 12.88 |
| YTD Return | 4.11% |
| 1-Year Return | 18.88% |
| 5-Year Return | n/a |
| 52-Week Low | 9.41 |
| 52-Week High | 13.04 |
| Beta (5Y) | n/a |
| Holdings | 25 |
| Inception Date | Jul 26, 2021 |
About TRBLX
T. Rowe Price Retirement Blend 2040 Fund is a target-date mutual fund designed as a turnkey retirement portfolio for investors planning to retire around 2040. It pursues the highest total return over time with emphasis on both capital growth and income, primarily by investing in a diversified mix of underlying T. Rowe Price equity and fixed income funds. The fund follows a predetermined glide path that gradually shifts its allocation from a higher equity weight toward more fixed income as the target date approaches and continues to become more conservative through retirement, balancing longevity, inflation, and income needs. The portfolio blends active and indexed strategies across U.S. and international stocks, bonds, and real assets, aiming to provide broad market exposure and risk management within a single vehicle. Introduced in 2021, it benchmarks against the S&P Target Date 2040 Index and maintains a relatively low expense profile for its category, reflecting its fund-of-funds structure. This fund serves as a core, professionally managed solution for accumulation before retirement and ongoing withdrawals after retirement, rather than a lump-sum endpoint at the target date.
Performance
TRBLX had a total return of 18.88% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.59%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| TBLJX | -i Class | 0.24% |
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 | $0.2964 | Dec 22, 2025 |
| Dec 20, 2024 | $0.2019 | Dec 23, 2024 |
| Dec 21, 2023 | $0.1925 | Dec 22, 2023 |
| Dec 21, 2022 | $0.1377 | Dec 22, 2022 |