TRBLX

About TRBLX

T. Rowe Price Retirement Blend 2040 Fund is a target-date mutual fund designed as a turnkey retirement portfolio for investors planning to retire around 2040. It pursues the highest total return over time with emphasis on both capital growth and income, primarily by investing in a diversified mix of underlying T. Rowe Price equity and fixed income funds. The fund follows a predetermined glide path that gradually shifts its allocation from a higher equity weight toward more fixed income as the target date approaches and continues to become more conservative through retirement, balancing longevity, inflation, and income needs. The portfolio blends active and indexed strategies across U.S. and international stocks, bonds, and real assets, aiming to provide broad market exposure and risk management within a single vehicle. Introduced in 2021, it benchmarks against the S&P Target Date 2040 Index and maintains a relatively low expense profile for its category, reflecting its fund-of-funds structure. This fund serves as a core, professionally managed solution for accumulation before retirement and ongoing withdrawals after retirement, rather than a lump-sum endpoint at the target date.