# T. Rowe Price Retirement Blend 2030 Fund (TBLWX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/tblwx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: T. Rowe Price · Asset class: Equity - Strategy: Actively Managed · Inception: 2021-07-26 The fund's investment approach involves strategically allocating assets across a diverse range of T. Rowe Price's proprietary equity and fixed-income mutual funds, thus providing exposure to various asset categories and market segments. This fund's management is specifically tailored to align with its designated target retirement year of 2030, operating on the premise that investors typically plan to retire at approximately 65 years of age. ## Key Facts | Metric | Value | |---|---| | Price | $12.26 | | Expense Ratio | 0.38% | | Assets Under Management | $1.70B | | NAV | $12.26 | | Holdings Count | — | | Distribution Yield (TTM) | 2.56% | | Annual Distribution (TTM) | $0.31 /share | | Distribution Frequency | Annual | | 52-Week Range | $11.15 – $12.60 | | Beta | 0.97 | ## Latest Distribution - Amount: $0.3144 /share - Ex-date: 2025-12-19 - Pay date: 2025-12-22 ## Frequently Asked Questions ### What does TBLWX invest in? The fund's investment approach involves strategically allocating assets across a diverse range of T. Rowe Price's proprietary equity and fixed-income mutual funds, thus providing exposure to various asset categories and market segments. This fund's management is specifically tailored to align with its designated target retirement year of 2030, operating on the premise that investors typically plan to retire at approximately 65 years of age. ### What is the expense ratio of TBLWX? T. Rowe Price Retirement Blend 2030 Fund (TBLWX) charges an expense ratio of 0.38%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is TBLWX? T. Rowe Price Retirement Blend 2030 Fund (TBLWX) manages $1.70B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is TBLWX actively managed or an index fund? TBLWX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (TBLWX's is 0.38%) in exchange for the discretion to over- or under-weight positions. ### When was TBLWX launched? T. Rowe Price Retirement Blend 2030 Fund (TBLWX) launched in July 2021 and is managed by T. Rowe Price. ### How has TBLWX performed? TBLWX'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. ### Does TBLWX pay a dividend? T. Rowe Price Retirement Blend 2030 Fund (TBLWX) currently distributes little or no income. Trailing-twelve-month yield is 2.56%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does TBLWX pay dividends? T. Rowe Price Retirement Blend 2030 Fund pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is TBLWX's dividend yield? TBLWX's trailing-twelve-month yield is 2.56%, calculated from the sum of dividends over the past year divided by the current price. ### When is TBLWX's next ex-dividend date? The most recently announced ex-dividend date for TBLWX was 2025-12-19. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will TBLWX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.38% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does TBLWX charge its expense ratio? The expense ratio is deducted in tiny daily slices from TBLWX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does TBLWX cost more than a fund like VOO? TBLWX is actively managed (current expense ratio 0.38%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether TBLWX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to TBLWX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as TBLWX (0.38%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/tblwx - Distribution history: https://www.dividenddata.com/funds/tblwx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/tblwx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/tblwx/expenses - Peer comparison: https://www.dividenddata.com/funds/tblwx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.