TRXRX — T. Rowe Price Target 2040 Fund
Data updated: 2026-07-28
TRXRX — T. Rowe Price Target 2040 Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Target Date / Glide Path Allocation · $456.68M AUM · 0.41% expense ratio · 18.2% 1-yr return. From SEC regulatory filings.
TRXRX Fund Overview
TRXRX — T. Rowe Price Target 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: $456.68M
- 1-year return: 18.2%
- Ticker: TRXRX
- SEC CIK: 0001177017
- SEC series ID: S000041781
- Share class ID: C000169047
TRXRX Holdings
Top 10 holdings of T. Rowe Price Target 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 | 12.45% |
| Trp Value Fd-Z | 12.17% |
| Trp New Income Fd-Z | 8.41% |
| Trp Equity Index 500 Fd-Z | 6.96% |
| Trp US Large-Cap Core Fd-Z | 6.77% |
| Trp Ltd. Duration Infl Focused Bd Fd-Z | 6.29% |
| Trp Intl Value Equity Fd-Z | 6.10% |
| Trp Overseas Stock Fd-Z | 5.46% |
| Trp Intl Stock Fd-Z | 4.91% |
| Trp Real Assets Fd-Z | 4.50% |
TRXRX Portfolio Allocation
Asset-class allocation of T. Rowe Price Target 2040 Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.7% |
| Cash & Equivalents | 1.2% |
TRXRX Performance
Total returns for TRXRX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 5.1% |
| 1 year | 18.2% |
| 3 years (annualised) | 15.7% |
| 5 years (annualised) | 8.0% |
TRXRX Risk Information
Risk metrics for TRXRX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.8%
TRXRX Costs and Fees
TRXRX costs about $41 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.41%
- Gross expense ratio: 0.41%
- Portfolio turnover: 28%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
TRXRX Cashflows
Over the 12 months to 2026-02, T. Rowe Price Target 2040 Fund had net outflows of $55.77M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | −$686.02K |
| 2026-01 | −$9.09M |
| 2025-12 | $26.03M |
| 2025-11 | −$791.95K |
| 2025-10 | −$1.32M |
| 2025-09 | −$16.45M |
TRXRX Debt Constituents
No individual debt constituents are reported in T. Rowe Price Target 2040 Fund's latest SEC N-PORT filing.
TRXRX Prospectus and SEC Filings
Official T. Rowe Price Target 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.