T. Rowe Price Retirement 2040 Fund

Frequently Asked Questions About TRRDX

What does TRRDX invest in?

This fund strategically allocates its capital across a diverse range of T. Rowe Price's proprietary equity and fixed-income mutual funds, providing exposure to various asset classes and economic sectors. The portfolio's composition among these underlying funds will be progressively adjusted, becoming more conservative as it approaches its designated target retirement year. Tailored for investors anticipating retirement around 2040, its management strategy is built upon an assumed retirement age of 65.

What is the expense ratio of TRRDX?

T. Rowe Price Retirement 2040 Fund (TRRDX) charges an expense ratio of 0.59%. This is the annual fee deducted from fund assets to cover management and operations.

How big is TRRDX?

T. Rowe Price Retirement 2040 Fund (TRRDX) is one share class of a fund that manages $26.39B across all of its share classes (PARDX, RRTDX 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 TRRDX actively managed or an index fund?

TRRDX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (TRRDX's is 0.59%) in exchange for the discretion to over- or under-weight positions.

When was TRRDX launched?

T. Rowe Price Retirement 2040 Fund (TRRDX) launched in October 2002 and is managed by T. Rowe Price.

How has TRRDX performed?

TRRDX'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.