T. Rowe Price Retirement Blend 2030 Fund
Target-date 2030 fund
As of its 2026 Q2 report, T. Rowe Price Retirement Blend 2030 Fund held 26 positions with $2.01B in net assets. Its ten largest holdings made up 74.1% of the fund. Over the 12 months to May 2026, TBLGX returned 19.9%, with dividends reinvested. In 2026 Q2 it added no new positions and exited none.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
TRHZXTRP EQUITY INDEX 500 FD-Z | 17.60% | $353.29M | 1.8M | $197.02 |
TSBZXTRP QM US BOND INDEX FD-Z | 12.22% | $245.41M | 25.6M | $9.60 |
TLIEXTRP INTL EQUITY INDEX FD-Z | 8.29% | $166.44M | 7.6M | $21.87 |
TRJZXTRP GROWTH STOCK FD-Z | 7.29% | $146.43M | 1.2M | $117.94 |
TRZAXTRP VALUE FD-Z | 7.03% | $141.03M | 2.6M | $53.67 |
TLDZXTRP US LIMITED DURATION TIPS INDEX FD-Z | 6.38% | $127.97M | 13.7M | $9.31 |
TRMZXTRP INTL BOND FD (USD HEDGED)-Z | 4.74% | $95.05M | 11.2M | $8.52 |
TRZRXTRP REAL ASSETS FD-Z | 3.94% | $79.08M | 3.9M | $20.13 |
PZHEXTRP HEDGED EQUITY FD-Z | 3.69% | $74.15M | 5.3M | $14.09 |
TROZXTRP INTL VALUE EQUITY FD-Z | 2.97% | $59.67M | 2.3M | $26.37 |
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.
All 26 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| 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.
How it has done
TBLGX share class · total returns with dividends reinvested
Volatility over the last 12 months: 8.57%. Past returns are a record, not a forecast.
The 2 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| — | +19.86% | +53.49% | — | -7.76% | |
| — | +19.63% | +52.70% | — | -7.88% |
These classes hold the same portfolio, so the 0.79pp spread over 3 years is the cost difference between them — roughly 0.26pp a year — not a difference in what they own.
Fees & fund details
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
- Portfolio turnover
- 22.30% a year · as of 2025 Q3
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
0 new
0 exited
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.
Understand how this fund fits with the rest.
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- “Where do my funds overlap — TBLGX, QQQ and the fund in my 401(k)?”
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