T. Rowe Price Retirement 2040 Fund (TRRDX)

Net Asset Value
1 Day
Overall Morningstar Rating
Target-date 2040
Style or Category
No Load
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a diversified portfolio of other T. Rowe Price stock and bond funds that represent various asset classes and sectors. Its allocation between T. Rowe Price stock and bond funds will change over time in relation to its target retirement date. The fund is managed based on the specific retirement year (target date 2040) included in its name and assumes a retirement age of 65. While the fund is non-diversified- it invests in diversified underlying holdings.


1 month+0.91% 3 years+7.88%
3 months-0.36% 5 years+9.97%
1 year+12.59% Since inception+9.80%
Data through --

Peer Comparisonvs. Target-date 2040

Performance 5-yr return+9.97%+8.48%
Expense ratio0.74%0.85%
Risk 5 year sharpe ratio1.060.91
Net assets$17.3B$2.3B
Average market cap$40.9B$39.4B
Average P/E18.617.6
Portfolio turnover18%18%

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Fund Management and Purchase Info

Fund familyT. Rowe Price
Fund manager & tenureJerome Clark / 15 Years
Minimal initial investment$2,500.00
Minimum IRA investment$1,000.00


U.S. stock52.55%
International stock30.45%
Fixed income14.23%
Top 5 Sectors
Portfolio weighting
Financial service 17.45%
Industrial materials 15.55%
Energy 11.14%
Consumer service 9.38%
Telecommunication 8.15%
Top 10 Holdings
Portfolio weighting
TRVLX T. Rowe Price Value Fund17.21%
PRGFX T. Rowe Price Growth Stock Fund16.81%
TROSX T. Rowe Price Overseas Stock Fund8.27%
TRIGX T. Rowe Price International Value Equity Fund7.97%
PRCIX T. Rowe Price New Income Fund7.41%
PRITX T. Rowe Price International Stock Fund7.17%
PREIX T. Rowe Price Equity Index 500 Fund7.14%
PRMSX T. Rowe Price Emerging Markets Stock Fund3.98%
RPMGX T. Rowe Price Mid-Cap Growth Fund3.72%
TRMCX T. Rowe Price Mid-Cap Value Fund3.50%