T. Rowe Price Retirement 2035 Fund (TRRJX)

Fund Assets	24.06B
Expense Ratio	0.58%
Min. Investment	$2,500
Turnover	15.20%
Dividend (ttm)	0.44
Dividend Yield	1.73%
Dividend Growth	19.48%
Payout Frequency	Annual
Ex-Dividend Date	Dec 19, 2025

Previous Close	25.55
YTD Return	9.75%
1-Year Return	8.00%
5-Year Return	34.03%
52-Week Low	22.69
52-Week High	26.15
Beta (5Y)	0.82
Holdings	33
Inception Date	Feb 27, 2004

About TRRJX

T. Rowe Price Retirement 2035 Fund is a target-date mutual fund designed to facilitate retirement planning by adjusting its asset allocation over time. Its primary function is to seek the highest total return consistent with an emphasis on both capital growth and income, aligning its investment strategy with individuals planning to retire around the year 2035. The fund invests in a diversified mix of underlying T. Rowe Price stock and bond funds, representing a range of asset classes, including U.S. and international equities, real assets, core and return-seeking fixed income, and inflation-focused bonds. As the retirement date approaches, the fund gradually reduces its equity exposure while increasing allocations to fixed income and income-generating assets, aiming to manage risk and provide ongoing income during retirement. With a substantial portfolio size and an actively managed approach, the fund plays a significant role for investors seeking a professionally managed solution that adapts automatically to evolving retirement horizons. Its allocation flexibility and broad diversification make it a popular choice within the retirement fund segment, supporting both accumulation and withdrawal phases of retirement.

• Fund Family: T. Rowe Price
• Category: Target-Date 2035
• Performance Rating: Above Average
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: TRRJX
• Index: S&P Target Date 2035 TR

Performance

TRRJX had a total return of 8.00% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.96%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
TRFJX	-i Class	0.41%
PARKX	-advisor Class	0.83%
RRTPX	-r Class	1.08%

Top 10 Holdings

74.29% of assets

Name	Symbol	Weight
T. Rowe Price Value Z	TRZAX	13.44%
T. Rowe Price Growth Stock Z	TRJZX	12.39%
T. Rowe Price New Income Z	TRVZX	9.81%
T. Rowe Price US Large-Cap Core Z	TRZLX	7.12%
T. Rowe Price Equity Index 500 Z	TRHZX	6.52%
T. Rowe Price International Value Eq Z	TROZX	6.20%
T. Rowe Price Overseas Stock Z	TRZSX	5.72%
T. Rowe Price International Stock Z	TRNZX	4.85%
T. Rowe Price Real Assets Z	TRZRX	4.49%
T. Rowe Price Intl Bd (USD Hdgd) Z	TRMZX	3.74%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 19, 2025	$1.0788	Dec 22, 2025
Dec 20, 2024	$0.4968	Dec 23, 2024
Dec 21, 2023	$0.9019	Dec 22, 2023
Dec 21, 2022	$1.6522	Dec 22, 2022
Dec 21, 2021	$1.574	Dec 22, 2021
Dec 22, 2020	$1.020	Dec 23, 2020

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Sep 28, 2026

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