T. Rowe Price Retirement 2040 Fund (TRRDX)
The fund invests in a diversified portfolio of other T. Rowe Price stock and bond mutual funds that represent various asset classes and sectors. Its allocation among T. Rowe Price mutual funds will change over time in relation to its target retirement date. The fund is managed based on the specific retirement year (target date 2040) included in its name and assumes a retirement age of 65.
Fund Info
US74149P4081
74149P408
Sep 29, 2002
$2,500
Large-Cap
Blend
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Retirement 2040 Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
T. Rowe Price Retirement 2040 Fund had a return of 15.71% year-to-date (YTD) and 22.22% in the last 12 months. Over the past 10 years, T. Rowe Price Retirement 2040 Fund had an annualized return of 8.91%, while the S&P 500 had an annualized return of 11.16%, indicating that T. Rowe Price Retirement 2040 Fund did not perform as well as the benchmark.
TRRDX
15.71%
0.47%
7.28%
22.22%
9.91%
8.91%
^GSPC (Benchmark)
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
Monthly Returns
The table below presents the monthly returns of TRRDX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.00% | 4.13% | 3.41% | -3.36% | 3.79% | 0.97% | 2.12% | 2.18% | 1.49% | -2.10% | 15.71% | ||
| 2023 | 6.76% | -2.72% | 2.13% | 1.24% | -0.99% | 5.20% | 3.37% | -2.44% | -3.92% | -2.68% | 7.92% | 5.10% | 19.60% |
| 2022 | -5.19% | -2.45% | 0.89% | -7.79% | 0.18% | -7.29% | 6.23% | -3.70% | -8.36% | 5.54% | 7.07% | -4.04% | -18.77% |
| 2021 | -0.13% | 3.49% | 2.07% | 3.99% | 1.20% | 1.10% | 0.56% | 2.39% | -3.64% | 4.49% | -2.77% | 3.01% | 16.52% |
| 2020 | -0.59% | -6.06% | -13.77% | 10.46% | 5.03% | 3.01% | 4.92% | 4.87% | -2.62% | -1.04% | 10.94% | 4.34% | 18.10% |
| 2019 | 7.82% | 2.50% | 1.26% | 2.91% | -4.79% | 5.82% | 0.45% | -1.19% | 1.06% | 1.57% | 2.57% | 2.86% | 24.71% |
| 2018 | 4.85% | -3.40% | -0.91% | 0.29% | 0.62% | -0.04% | 2.10% | 0.75% | -0.18% | -6.57% | 1.74% | -6.31% | -7.41% |
| 2017 | 2.80% | 2.77% | 1.18% | 1.94% | 2.06% | 0.66% | 2.43% | 0.49% | 1.53% | 1.95% | 1.70% | 0.62% | 22.03% |
| 2016 | -5.80% | -0.28% | 6.60% | 0.93% | 0.88% | -0.56% | 4.11% | 0.59% | 0.83% | -1.74% | 1.01% | 1.30% | 7.63% |
| 2015 | -0.88% | 5.10% | -0.68% | 1.49% | 0.80% | -1.82% | 1.01% | -5.77% | -3.47% | 6.74% | -0.25% | -1.55% | 0.09% |
| 2014 | -2.56% | 4.65% | -0.55% | -0.04% | 2.53% | 2.05% | -1.61% | 2.78% | -2.91% | 1.97% | 1.33% | 0.03% | 7.64% |
| 2013 | 4.19% | 0.40% | 2.40% | 1.81% | 1.15% | -2.09% | 4.90% | -2.03% | 5.05% | 3.91% | 1.69% | 2.23% | 25.95% |
Expense Ratio
TRRDX features an expense ratio of 0.61%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TRRDX is 71, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Retirement 2040 Fund (TRRDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
T. Rowe Price Retirement 2040 Fund provided a 1.30% dividend yield over the last twelve months, with an annual payout of $0.42 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.42 | $0.42 | $0.37 | $0.24 | $0.25 | $0.45 | $0.39 | $0.36 | $0.32 | $0.32 | $1.26 | $0.25 |
Dividend yield | 1.30% | 1.50% | 1.53% | 0.74% | 0.82% | 1.66% | 1.69% | 1.32% | 1.38% | 1.42% | 5.27% | 1.07% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Retirement 2040 Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.42 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.45 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.39 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.26 | $1.26 |
| 2013 | $0.25 | $0.25 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Retirement 2040 Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price Retirement 2040 Fund was 53.50%, occurring on Mar 9, 2009. Recovery took 536 trading sessions.
The current T. Rowe Price Retirement 2040 Fund drawdown is 1.05%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -53.5% | Oct 15, 2007 | 351 | Mar 9, 2009 | 536 | Apr 21, 2011 | 887 |
| -31.46% | Feb 20, 2020 | 23 | Mar 23, 2020 | 99 | Aug 12, 2020 | 122 |
| -27.26% | Nov 17, 2021 | 229 | Oct 14, 2022 | 349 | Mar 7, 2024 | 578 |
| -21.04% | May 2, 2011 | 108 | Oct 3, 2011 | 111 | Mar 13, 2012 | 219 |
| -17.12% | May 22, 2015 | 183 | Feb 11, 2016 | 143 | Sep 6, 2016 | 326 |
Volatility
Volatility Chart
The current T. Rowe Price Retirement 2040 Fund volatility is 2.71%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.