TRRDX — T. Rowe Price Retirement 2040 Fund
Data updated: 2026-07-28
TRRDX — T. Rowe Price Retirement 2040 Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Target Date / Glide Path Allocation · $27.41B AUM · 0.60% expense ratio · 23.7% 1-yr return. From SEC regulatory filings.
TRRDX Fund Overview
TRRDX — T. Rowe Price Retirement 2040 Fund is a US mutual fund managed by T. Rowe Price Retirement Funds, Inc., categorised as Target Date / Glide Path Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: T. Rowe Price Retirement Funds, Inc.
- Category: Target Date / Glide Path Allocation
- Assets under management: $27.41B
- 1-year return: 23.7%
- Ticker: TRRDX
- SEC CIK: 0001177017
- SEC series ID: S000002113
- Share class ID: C000005496
TRRDX Holdings
Top 10 holdings of T. Rowe Price Retirement 2040 Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Trp Growth Stock Fd-Z | 14.69% |
| Trp Value Fd-Z | 14.24% |
| Trp US Large-Cap Core Fd-Z | 7.97% |
| Trp Equity Index 500 Fd-Z | 7.94% |
| Trp Intl Value Equity Fd-Z | 7.18% |
| Trp Overseas Stock Fd-Z | 6.59% |
| Trp Intl Stock Fd-Z | 5.80% |
| Trp New Income Fd-Z | 5.48% |
| Trp Real Assets Fd-Z | 5.22% |
| Trp Em Mkts Discovery Stk Fd-Z Cl | 2.95% |
TRRDX Portfolio Allocation
Asset-class allocation of T. Rowe Price Retirement 2040 Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.1% |
| Cash & Equivalents | 0.8% |
| Fixed Income | 0.1% |
TRRDX Performance
Total returns for TRRDX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 9.9% |
| 1 year | 23.7% |
| 3 years (annualised) | 18.0% |
| 5 years (annualised) | 8.2% |
TRRDX Risk Information
Risk metrics for TRRDX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.0%
TRRDX Costs and Fees
TRRDX costs about $60 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.60%
- Gross expense ratio: 0.60%
- Portfolio turnover: 15%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
TRRDX Cashflows
Over the 12 months to 2026-02, T. Rowe Price Retirement 2040 Fund had net outflows of $1.37B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | −$107.56M |
| 2026-01 | −$441.86M |
| 2025-12 | $651.27M |
| 2025-11 | −$257.73M |
| 2025-10 | −$235.62M |
| 2025-09 | −$194.09M |
TRRDX Debt Constituents
Largest debt holdings of T. Rowe Price Retirement 2040 Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| U S Treasury Bill | 0.11% |
TRRDX Prospectus and SEC Filings
Official T. Rowe Price Retirement 2040 Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Target Date / Glide Path Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.