T. Rowe Price Retirement Blend 2045 (TRBQX)
| Fund Assets | 733.12M |
| Expense Ratio | 0.42% |
| Min. Investment | $500,000 |
| Turnover | 19.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 2.09% |
| Dividend Growth | 49.95% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 19, 2025 |
| Previous Close | 14.12 |
| YTD Return | 10.83% |
| 1-Year Return | 21.93% |
| 5-Year Return | n/a |
| 52-Week Low | 11.78 |
| 52-Week High | 14.25 |
| Beta (5Y) | n/a |
| Holdings | 23 |
| Inception Date | Jul 26, 2021 |
About TRBQX
T. Rowe Price Retirement Blend 2045 Fund is a target-date mutual fund designed to provide a professionally managed, age-appropriate asset mix for investors planning to retire around 2045. The fund seeks high total return with an emphasis on both capital growth and income by investing in a diversified lineup of underlying T. Rowe Price equity and fixed income funds, combining active and index strategies across U.S. large-cap, mid-cap, small-cap, international developed and emerging markets, real assets, and core and diversifying bonds. Its glide path gradually shifts from a predominantly equity allocation in the early years toward higher fixed income exposure as the target date approaches to help manage risk while maintaining growth potential. The fund follows the S&P Target Date 2045 Index as a benchmark reference and is managed by an experienced team that rebalances and adjusts underlying allocations over time based on research-driven insights. This structure aims to simplify retirement investing by packaging broad diversification, ongoing oversight, and a time-based risk transition in a single fund.
Performance
TRBQX had a total return of 21.93% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.30%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| TBLKX | -i Class | 0.25% |
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 | $0.2957 | Dec 22, 2025 |
| Dec 20, 2024 | $0.1972 | Dec 23, 2024 |
| Dec 21, 2023 | $0.169 | Dec 22, 2023 |
| Dec 21, 2022 | $0.1407 | Dec 22, 2022 |