T. Rowe Price Target Retirement 2040 Fund
TRHRX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- Aug 22, 2013
- CIK
- 0001177017
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Target Retirement 2040 Fund (TRHRX) is a target-date mutual fund that seeks the highest total return over time consistent with an emphasis on both capital growth and income, investing in a diversified portfolio of other T. Rowe Price stock, bond, and multi-asset mutual funds across various sectors and asset classes including U.S. equities, non-U.S. equities, emerging markets, intermediate bonds, high-yield bonds, and cash equivalents; its asset allocation automatically adjusts over time, shifting from growth-oriented equities in early phases toward income-focused fixed income as the target retirement year of 2040 approaches, reaching approximately 55% equities at the target date and stabilizing at 20% equities about 30 years post-retirement. The fund, managed by T. Rowe Price Group, Inc., a global investment management firm founded in 1937 and headquartered in Baltimore, Maryland, serves individual and institutional investors planning retirement around age 65, with operations spanning clients in 55 countries through 17 international offices. As of late 2025, the fund maintains total net assets of approximately $453 million for its share class, a net expense ratio of 0.58%, and a portfolio reflecting about 50% U.S. stocks, 24% non-U.S. stocks, 17% U.S. bonds, and 5% non-U.S. bonds. Recent strategic developments at T. Rowe Price Group include the acquisition of Oak Hill Advisors, a private credit manager, for $7.5 billion to bolster its alternatives segment and target growth from $50 billion to $75 billion in alternative assets by year-end 2025; a strategic collaboration with Goldman Sachs announced in September 2025 to broaden access to public and private market portfolios for retirement and wealth channels; and the launch of two active core ETFs in December 2025 blending active and passive strategies. Further operational enhancements encompass the creation of a Global Strategy function in November 2025, led by incoming head Andrew Reich starting January 2026 to oversee corporate strategy and development; a transition to Charles River's enterprise investment management system in December 2025 for technology-driven efficiency; and ongoing asset growth to $1.61 trillion under management as of December 2024 amid a focus on active management and deglobalization navigation. These initiatives support the fund's underlying portfolio by enhancing T. Rowe Price's research, diversification, and innovation capabilities for long-term client outcomes.