T. Rowe Price Retirement 2040 Fund Class R

Frequently Asked Questions About RRTDX

What does RRTDX invest in?

This fund primarily allocates its capital across a wide array of T. Rowe Price's proprietary equity and fixed-income mutual funds, spanning diverse asset classes and market sectors. The fund's asset allocation within these underlying T. Rowe Price funds is designed to progressively adjust over time, aligning with its specific target retirement date. Structured around the year 2040, as reflected in its designation, it is tailored for investors aiming to retire around that time, typically assuming an age of 65.

What is the expense ratio of RRTDX?

T. Rowe Price Retirement 2040 Fund Class R (RRTDX) charges an expense ratio of 1.09%. This is the annual fee deducted from fund assets to cover management and operations.

How big is RRTDX?

T. Rowe Price Retirement 2040 Fund Class R (RRTDX) is one share class of a fund that manages $26.20B across all of its share classes (PARDX, TRRDX report the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is RRTDX actively managed or an index fund?

RRTDX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (RRTDX's is 1.09%) in exchange for the discretion to over- or under-weight positions.

When was RRTDX launched?

T. Rowe Price Retirement 2040 Fund Class R (RRTDX) launched in October 2003 and is managed by T. Rowe Price.

How has RRTDX performed?

RRTDX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.