T. Rowe Price Retirement Blend 2030 Fund
T. ROWE PRICE RETIREMENT FUNDS, INC. · 2 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
T. Rowe Price Retirement Blend 2030 Fund is a target-date 2030 fund.
- Asset class
- Target-date
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Target year
- 2030
- Features
- Fund of funds
Fund profile
As filed in the prospectus · 2025 Q3
The fund seeks the highest total return over time consistent with an emphasis on both capital growth and income.
The fund invests in a diversified portfolio of other T. Rowe Price mutual funds representing various equity and fixed income asset classes and sectors, rather than holding securities directly. The fund's asset allocation shifts over a predetermined glide path, becoming progressively more conservative as it approaches its 2030 target retirement date and continuing to decline in equity exposure for approximately 30 years after that date. The fund blends actively managed and passively managed index funds to reduce tracking error and lower overall fees. Because the fund's returns depend on the performance of its underlying funds, divergence from the fund's target allocations may occur due to significant market movements or cash flows.
Portfolio turnover 22.30% · as of 2025 Q3
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 63.06% |
| Bonds | 28.02% |
| Securitized | 4.79% |
| Cash & short-term | 4.07% |
| 2 smaller | 0.87% |
Look-through blends 25 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +20.41% | +47.69% | — | 8.65% | -7.76% | |
| +20.27% | +47.05% | — | 8.60% | -7.88% |
These classes hold the same portfolio, so the 0.65pp spread over 3 years is the cost difference between them — roughly 0.22pp a year — not a difference in what they own.
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
This fund filed the credit-spread disclosure and reported no sensitivity — measured, and the answer is none.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 1 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 5 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 10 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 30 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| TRHZX | TRP EQUITY INDEX 500 FD-ZTRHZX | 17.60% | $197.02 | $353.29M | 1.8M |
| TSBZX | TRP QM US BOND INDEX FD-ZTSBZX | 12.22% | $9.60 | $245.41M | 25.6M |
| TLIEX | TRP INTL EQUITY INDEX FD-ZTLIEX | 8.29% | $21.87 | $166.44M | 7.6M |
| TRJZX | TRP GROWTH STOCK FD-ZTRJZX | 7.29% | $117.94 | $146.43M | 1.2M |
| TRZAX | TRP VALUE FD-ZTRZAX | 7.03% | $53.67 | $141.03M | 2.6M |
| TLDZX | TRP US LIMITED DURATION TIPS INDEX FD-ZTLDZX | 6.38% | $9.31 | $127.97M | 13.7M |
| TRMZX | TRP INTL BOND FD (USD HEDGED)-ZTRMZX | 4.74% | $8.52 | $95.05M | 11.2M |
| TRZRX | TRP REAL ASSETS FD-ZTRZRX | 3.94% | $20.13 | $79.08M | 3.9M |
| PZHEX | TRP HEDGED EQUITY FD-ZPZHEX | 3.69% | $14.09 | $74.15M | 5.3M |
| TROZX | TRP INTL VALUE EQUITY FD-ZTROZX | 2.97% | $26.37 | $59.67M | 2.3M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
Top 10 positions are 74.15% of net assets, top 25 99.35%, across 26 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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