TBLYX Performance — T. Rowe Price Retirement Blend 2035 Fund
Data updated: 2026-08-12
TBLYX returned +9.14% year to date and +22.80% over one year to May 2026. The annualised 3-year return is +17.14%. The fund beat its Target-Date category average: $100 invested three years ago grew to $161, against $155 for the category, and to $123 over one year, against $121. Volatility over the past three years was 10.56% a year. In the 12 months to May 2026 the fund took in a net $998.6M, and assets reached $2.00B.
TBLYX Growth of $100
What $100 invested in T. Rowe Price Retirement Blend 2035 Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Target-Date category average over the same months.
| Period | TBLYX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $123 | $121 |
| 3 years (Jun 2023 – May 2026) | $161 | $155 |
| Since data start (Jul 2021 – May 2026) | $147 | $143 |
TBLYX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +9.14% |
| 1 year | +22.80% |
| 3 years (annualised) | +17.14% |
TBLYX Annual Returns
Calendar-year total returns of T. Rowe Price Retirement Blend 2035 Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +9.14% |
| 2025 | +17.27% |
| 2024 | +12.42% |
| 2023 | +18.42% |
| 2022 | −17.19% |
| 2021 (Jul–Dec) | +3.86% |
TBLYX 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 | +2.7% | +2.1% | −5.5% | +6.7% | +3.2% | — | — | — | — | — | — | — |
| 2025 | +3.0% | 0.0% | −2.6% | 0.0% | +3.9% | +3.4% | +0.5% | +2.7% | +2.7% | +1.3% | +0.6% | +0.7% |
| 2024 | −0.1% | +3.5% | +3.0% | −3.4% | +3.6% | +1.1% | +2.3% | +2.1% | +1.7% | −2.0% | +3.7% | −3.3% |
| 2023 | +6.6% | −2.6% | +2.2% | +1.0% | −1.1% | +4.9% | +2.9% | −2.3% | −3.9% | −2.7% | +7.7% | +5.1% |
| 2022 | −4.3% | −2.5% | +1.1% | −7.3% | +0.1% | −6.9% | +6.1% | −3.5% | −8.1% | +5.0% | +6.9% | −3.9% |
| 2021 | — | — | — | — | — | — | −0.2% | +2.6% | −3.5% | +4.3% | −2.4% | +3.2% |
TBLYX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 10.56%
- 3-year Sharpe ratio: 1.20 (vs 4.5% risk-free rate)
- Best month: +7.72% (Nov 2023)
- Worst month: −5.49% (Mar 2026)
TBLYX Fund Flows
Monthly money in and out of T. Rowe Price Retirement Blend 2035 Fund, from SEC Form N-PORT.
- 12-month net flow: $998.6M
- 12-month gross sales (incl. reinvestments): $1.3B
- Sales ÷ redemptions: 4.65×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $306.3M | $23.7M | $282.6M |
| Apr 2026 | $57.2M | $27.1M | $30.0M |
| Mar 2026 | $49.9M | $18.8M | $31.1M |
| Feb 2026 | $126.1M | $27.2M | $98.9M |
| Jan 2026 | $185.1M | $43.9M | $141.2M |
| Dec 2025 | $192.9M | $18.7M | $174.3M |
| Nov 2025 | $61.8M | $18.5M | $43.3M |
| Oct 2025 | $66.2M | $26.7M | $39.5M |
| Sep 2025 | $78.1M | $19.7M | $58.4M |
| Aug 2025 | $52.9M | $20.3M | $32.7M |
| Jul 2025 | $61.8M | $16.7M | $45.1M |
| Jun 2025 | $33.6M | $11.9M | $21.7M |
TBLYX Assets Under Management
Net assets of T. Rowe Price Retirement Blend 2035 Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $2.00B |
| 2026-02-28 | $1.58B |
| 2025-11-30 | $1.13B |
| 2025-08-31 | $938.26M |
| 2025-05-31 | $782.73M |
| 2025-02-28 | $661.17M |
| 2024-11-30 | $485.78M |
| 2024-08-31 | $377.66M |
| 2024-05-31 | $316.16M |
| 2024-02-29 | $220.90M |
| 2023-11-30 | $175.15M |
| 2023-08-31 | $146.08M |
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.