Morningstar

T. Rowe Price Target 2040 Fund I Class TRXRX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 19.03  /  −0.31 %
  • Total Assets 445.7M
  • Adj. Expense Ratio
    0.400%
  • Expense Ratio 0.410%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Target-Date 2040
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Status Open
  • TTM Yield 1.86%
  • Turnover 29%

USD | NAV as of Jul 17, 2026 | 1-Day Return as of Jul 17, 2026, 12:11 AM GMT+0

Morningstar’s Analysis TRXRX

Will TRXRX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TRXRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TRXRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of TRXRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

T. Rowe Price Target 2040 I holds a quantitatively derived Silver Morningstar Medalist Rating. The rating reflects that it has scored well on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
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Portfolio Holdings TRXRX

More TRXRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 74.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

T. Rowe Price Value Z

12.50 58M
—

T. Rowe Price Growth Stock Z

11.97 55M
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T. Rowe Price New Income Z

8.61 40M
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T. Rowe Price Equity Index 500 Z

7.09 33M
—

T. Rowe Price US Large-Cap Core Z

6.82 31M
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T. Rowe Price Ltd Dur Infl Focus Bd Z

6.48 30M
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T. Rowe Price International Value Eq Z

6.36 29M
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T. Rowe Price Overseas Stock Z

5.69 26M
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T. Rowe Price International Stock Z

4.97 23M
—

T. Rowe Price Real Assets Z

4.63 21M
—

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