Retirement I 2040 Fund - I Class
TRPDX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Baltimore MD 21202
- IPO Date
- Sep 29, 2015
- CIK
- 0001177017
- Similar Companies
- Business
- T. Rowe Price Retirement I 2040 Fund (TRPDX) is a target-date mutual fund managed by T. Rowe Price Associates, Inc., that invests in a diversified portfolio of other T. Rowe Price stock and bond mutual funds representing various asset classes and sectors, with allocations adjusting over time in relation to its 2040 target retirement date; it assumes a retirement age of 65 and maintains substantial equity exposure both before and after the target date to support long-term post-retirement income needs without guaranteeing a specific income level or lump-sum redemption value. Core holdings include T. Rowe Price equity funds such as TRP Value - Z, TRP Growth Stock - Z, TRP US Large-Cap Core - Z, and TRP Equity Index 500 - Z; fixed income components like TRP International Bond (USD Hedged) - Z, TRP Dynamic Global Bond - Z, and TRP Emerging Markets Bond - Z; and smaller allocations to real assets, hedged equities, high yield, and inflation-focused bonds, with approximate current asset allocations of 57% U.S. stocks, 28% non-U.S. stocks, 11% bonds, and 5% cash. The fund, which launched its I Class shares on September 29, 2015, carries a net expense ratio of 0.43% and manages total net assets of approximately $10.4 billion as part of the broader Retirement 2040 Fund complex exceeding $26 billion; it is available primarily to U.S. institutional and retirement plan investors with minimum initial investments starting at $2,500. T. Rowe Price Associates, Inc., founded in 1937 and headquartered in Baltimore, Maryland, operates globally as a premier asset manager overseeing $1.79 trillion in assets across equities, fixed income, multi-asset, and alternatives, targeting individual, institutional, and retirement savers in the United States and internationally. The firm distributes its products through mutual funds, ETFs, and separately managed accounts focused on active management in target-date, large-cap blend, and multi-sector strategies. In recent developments, T. Rowe Price entered a strategic collaboration with Goldman Sachs, announcing in 2025 a $1 billion investment by Goldman Sachs for up to a 3.5% stake in T. Rowe Price Group and the debut of their first four co-branded model portfolios combining T. Rowe Price mutual funds and ETFs for mass affluent and high-net-worth investors. The firm is also planning an active ETF launch in Europe in 2026, alongside potential acquisitions of an alternative investment fund manager. These initiatives reflect ongoing expansions in private markets, model portfolio offerings, and global distribution amid stable interest rates boosting private dealmaking activity.