TBLEX Performance — T. Rowe Price Retirement Blend 2025 Fund, I Class
Data updated: 2026-08-12
TBLEX returned +6.85% year to date and +17.29% over one year to May 2026. The annualised 3-year return is +13.69%. The fund trailed its Target-Date category average: $100 invested three years ago grew to $147, against $155 for the category, and to $117 over one year, against $121. Volatility over the past three years was 8.23% a year. In the 12 months to May 2026 the fund took in a net $517.3M, and assets reached $1.29B.
TBLEX Growth of $100
What $100 invested in T. Rowe Price Retirement Blend 2025 Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Target-Date category average over the same months.
| Period | TBLEX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $117 | $121 |
| 3 years (Jun 2023 – May 2026) | $147 | $155 |
| Since data start (Jul 2021 – May 2026) | $134 | $143 |
TBLEX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +6.85% |
| 1 year | +17.29% |
| 3 years (annualised) | +13.69% |
TBLEX Annual Returns
Calendar-year total returns of T. Rowe Price Retirement Blend 2025 Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +6.85% |
| 2025 | +13.86% |
| 2024 | +10.27% |
| 2023 | +14.97% |
| 2022 | −15.25% |
| 2021 (Jul–Dec) | +2.31% |
TBLEX 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 | +2.0% | +1.6% | −4.1% | +5.1% | +2.4% | — | — | — | — | — | — | — |
| 2025 | +2.3% | +0.4% | −1.9% | +0.2% | +2.7% | +2.6% | +0.5% | +2.2% | +2.1% | +1.1% | +0.4% | +0.5% |
| 2024 | 0.0% | +2.4% | +2.3% | −2.8% | +3.1% | +1.0% | +2.0% | +1.8% | +1.5% | −1.7% | +2.9% | −2.5% |
| 2023 | +5.3% | −2.2% | +2.0% | +0.9% | −1.0% | +3.5% | +2.4% | −1.9% | −3.2% | −1.9% | +6.3% | +4.5% |
| 2022 | −3.8% | −2.0% | +0.4% | −6.0% | +0.1% | −5.6% | +5.0% | −2.9% | −7.0% | +3.6% | +5.6% | −2.8% |
| 2021 | — | — | — | — | — | — | −0.1% | +1.6% | −2.7% | +3.1% | −1.9% | +2.3% |
TBLEX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 8.23%
- 3-year Sharpe ratio: 1.12 (vs 4.5% risk-free rate)
- Best month: +6.33% (Nov 2023)
- Worst month: −4.14% (Mar 2026)
TBLEX Fund Flows
Monthly money in and out of T. Rowe Price Retirement Blend 2025 Fund, from SEC Form N-PORT.
- 12-month net flow: $517.3M
- 12-month gross sales (incl. reinvestments): $853.8M
- Sales ÷ redemptions: 2.54×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $160.0M | $30.9M | $129.1M |
| Apr 2026 | $52.1M | $35.7M | $16.4M |
| Mar 2026 | $56.1M | $33.4M | $22.7M |
| Feb 2026 | $89.5M | $30.2M | $59.4M |
| Jan 2026 | $97.8M | $40.9M | $56.9M |
| Dec 2025 | $112.0M | $30.2M | $81.8M |
| Nov 2025 | $57.0M | $25.2M | $31.8M |
| Oct 2025 | $55.3M | $13.9M | $41.4M |
| Sep 2025 | $41.8M | $14.7M | $27.1M |
| Aug 2025 | $44.4M | $35.0M | $9.3M |
| Jul 2025 | $47.8M | $20.4M | $27.4M |
| Jun 2025 | $40.0M | $25.9M | $14.1M |
TBLEX Assets Under Management
Net assets of T. Rowe Price Retirement Blend 2025 Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $1.29B |
| 2026-02-28 | $1.08B |
| 2025-11-30 | $871.26M |
| 2025-08-31 | $742.09M |
| 2025-05-31 | $654.61M |
| 2025-02-28 | $559.00M |
| 2024-11-30 | $405.41M |
| 2024-08-31 | $333.11M |
| 2024-05-31 | $291.61M |
| 2024-02-29 | $220.41M |
| 2023-11-30 | $168.42M |
| 2023-08-31 | $138.49M |
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.