TBLAX Performance — T. Rowe Price Retirement Blend 2005 Fund, I Class
Data updated: 2026-08-12
TBLAX returned +5.51% year to date and +14.15% over one year to May 2026. The annualised 3-year return is +11.51%. The fund trailed its Target-Date category average: $100 invested three years ago grew to $139, against $155 for the category, and to $114 over one year, against $121. Volatility over the past three years was 6.67% a year. In the 12 months to May 2026 the fund took in a net $38.8M, and assets reached $123.97M.
TBLAX Growth of $100
What $100 invested in T. Rowe Price Retirement Blend 2005 Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Target-Date category average over the same months.
| Period | TBLAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $114 | $121 |
| 3 years (Jun 2023 – May 2026) | $139 | $155 |
| Since data start (Jul 2021 – May 2026) | $128 | $143 |
TBLAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.51% |
| 1 year | +14.15% |
| 3 years (annualised) | +11.51% |
TBLAX Annual Returns
Calendar-year total returns of T. Rowe Price Retirement Blend 2005 Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +5.51% |
| 2025 | +12.08% |
| 2024 | +8.70% |
| 2023 | +12.40% |
| 2022 | −13.15% |
| 2021 (Jul–Dec) | +1.68% |
TBLAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.6% | +1.4% | −3.3% | +4.0% | +1.8% | — | — | — | — | — | — | — |
| 2025 | +1.9% | +0.7% | −1.3% | +0.3% | +1.9% | +2.2% | +0.5% | +1.8% | +1.7% | +0.9% | +0.4% | +0.4% |
| 2024 | 0.0% | +1.6% | +1.9% | −2.2% | +2.6% | +0.9% | +2.0% | +1.5% | +1.4% | −1.5% | +2.3% | −2.1% |
| 2023 | +4.5% | −1.9% | +1.9% | +0.8% | −1.0% | +2.5% | +1.8% | −1.4% | −2.7% | −1.5% | +5.4% | +3.8% |
| 2022 | −3.0% | −1.5% | −0.1% | −4.6% | 0.0% | −4.6% | +4.2% | −2.7% | −5.9% | +2.4% | +4.7% | −2.2% |
| 2021 | — | — | — | — | — | — | 0.0% | +1.1% | −2.0% | +2.2% | −1.3% | +1.7% |
TBLAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 6.67%
- 3-year Sharpe ratio: 1.05 (vs 4.5% risk-free rate)
- Best month: +5.36% (Nov 2023)
- Worst month: −3.32% (Mar 2026)
TBLAX Fund Flows
Monthly money in and out of T. Rowe Price Retirement Blend 2005 Fund, from SEC Form N-PORT.
- 12-month net flow: $38.8M
- 12-month gross sales (incl. reinvestments): $59.4M
- Sales ÷ redemptions: 2.87×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $2.1M | $2.6M | −$528K |
| Apr 2026 | $1.7M | $1.1M | $663K |
| Mar 2026 | $1.3M | $519K | $771K |
| Feb 2026 | $4.6M | $1.8M | $2.8M |
| Jan 2026 | $11.1M | $1.0M | $10.0M |
| Dec 2025 | $10.8M | $4.6M | $6.2M |
| Nov 2025 | $3.7M | $1.7M | $1.9M |
| Oct 2025 | $7.7M | $2.6M | $5.1M |
| Sep 2025 | $9.3M | $805K | $8.5M |
| Aug 2025 | $4.0M | $1.5M | $2.5M |
| Jul 2025 | $1.2M | $769K | $419K |
| Jun 2025 | $2.0M | $1.5M | $467K |
TBLAX Assets Under Management
Net assets of T. Rowe Price Retirement Blend 2005 Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $123.97M |
| 2026-02-28 | $120.18M |
| 2025-11-30 | $101.01M |
| 2025-08-31 | $82.73M |
| 2025-05-31 | $75.82M |
| 2025-02-28 | $75.39M |
| 2024-11-30 | $65.59M |
| 2024-08-31 | $28.74M |
| 2024-05-31 | $21.58M |
| 2024-02-29 | $17.72M |
| 2023-11-30 | $12.54M |
| 2023-08-31 | $10.05M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.