# EDGAR Filing Document

**Accession Number:** 0001177017
**File Stem:** 0001177017-25-000966
**Filing Date:** 2025-7
**Character Count:** 14077
**Document Hash:** 5648579641189d64299b3cbc194b532c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001177017-25-000966.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001177017-25-000966

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20250531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price Retirement Funds, Inc.
- **CENTRAL INDEX KEY:** 0001177017

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21149
- **FILM NUMBER:** 251161490

**BUSINESS ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** T ROWE PRICE RETIREMENT FUNDS INC
- **DATE OF NAME CHANGE:** 20020702

## Series and Classes Contracts Data

### T. Rowe Price Target 2005 Fund (Series ID: S000041772)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000129654 | T. Rowe Price Target 2005 Fund               | TRARX           |
| C000129655 | T. Rowe Price Target 2005 Fund-Advisor Class | PANRX           |
| C000169038 | T. Rowe Price Target 2005 Fund-I Class       | TFRRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** T. ROWE PRICE RETIREMENT FUNDS, INC.

- **b. Investment Company Act file number:** 811-21149

- **c. CIK number of Registrant:** 0001177017

- **d. LEI of Registrant:** 549300NPW1X3GQMKCN90

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1307 Point Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21231

  - **Telephone number:** 410-345-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** T. Rowe Price Target 2005 Fund

- **b. EDGAR series identifier (if any):** S000041772

- **c. LEI of Series:** 5493000YZT7DQWPUCO89

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-05-31

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $52045241.32

**Total Liabilities:** $49806.63

**Net Assets:** $51995434.69

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.000000 | **1-Year:** 0.000000 | **5-Year:** 0.000000 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000 | **1-Year:** 0.000000 | **5-Year:** 0.000000 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000129654 | -0.96%               | 0.09%                | 1.50%                |
| Class ID C000129655 | -1.03%               | 0.17%                | 1.39%                |
| Class ID C000169038 | -0.96%               | 0.18%                | 1.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-12892.58               | $-567803.04                                |
| Month 2  | $-122488.16              | $124129.25                                 |
| Month 3  | $223181.60               | $414958.57                                 |

### Schedule of Portfolio Investments

| Name                                                      | Title                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| T Rowe Price High Yield Fund Inc                          | T ROWE PRICE HIGH YIELD FUND INC                          | CUSIP: 741481709<br>LEI: 2F9VPFCSWR3EU5WBPH73 | Long             | EC               | RF                | US        |    308333 | NS      | $1825330.04   | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price US Large-Cap Core Fund Inc                   | T ROWE PRICE US LARGE-CAP CORE FUND INC                   | CUSIP: 74149R404<br>LEI: 549300UPL95VCG3J6X04 | Long             | EC               | RF                | US        |     39462 | NS      | $1656595.26   | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Equity Index 500 Fund                        | T ROWE PRICE EQUITY INDEX 500 FUND                        | CUSIP: 779552504<br>LEI: 549300VJO42KQ3FO2X07 | Long             | EC               | RF                | US        |      7122 | NS      | $1109088.71   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Mid-Cap Growth Fund Inc                      | T ROWE PRICE MID-CAP GROWTH FUND INC                      | CUSIP: 779556505<br>LEI: 549300H4FB9U29ZK0L79 | Long             | EC               | RF                | US        |      5806 | NS      | $569234.58    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price New Horizons Fund Inc                        | T ROWE PRICE NEW HORIZONS FUND INC                        | CUSIP: 779562305<br>LEI: E0J2ATABWUU4WO6I2K88 | Long             | EC               | RF                | US        |      4581 | NS      | $240351.02    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Dynamic Credit Fund                          | T ROWE PR DYN CRDT-Z                                      | CUSIP: 77956H153<br>LEI: 549300WMBCO7MBYMNE44 | Long             | EC               | RF                | US        |    106825 | NS      | $938991.73    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price New Income Fund Inc                          | T ROWE PRICE NEW INCOME FUND INC                          | CUSIP: 779570506<br>LEI: 5F373D85WF2X2XQOCV26 | Long             | EC               | RF                | US        |   1210670 | NS      | $9552184.18   | 18.37%            |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Small-Cap Stock Fund Inc                     | T ROWE PRICE SMALL-CAP STOCK FUND INC                     | CUSIP: 779572601<br>LEI: DN033QOT4XRHBV08B590 | Long             | EC               | RF                | US        |      4733 | NS      | $258865.69    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Value Fund Inc                               | T ROWE PRICE VALUE FUND INC                               | CUSIP: 779578400<br>LEI: TLDUHX6EEOQ43DDR8861 | Long             | EC               | RF                | US        |     52185 | NS      | $2424010.13   | 4.66%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Small-Cap Value Fund Inc                     | T ROWE PRICE SMALL-CAP VALUE FUND INC                     | CUSIP: 77957Q400<br>LEI: ZPMK6UBY3Q3LBDC3GP51 | Long             | EC               | RF                | US        |      6423 | NS      | $321876.86    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price US Treasury Long-Term Index Fund             | T ROWE PRICE US TREASURY LONG-TERM INDEX FUND             | CUSIP: 77957T701<br>LEI: 81MQEQSHGI5PN6BWN277 | Long             | EC               | RF                | US        |    206485 | NS      | $1449522.38   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price US Treasury Money Fund Inc                   | T ROWE PRICE US TREASURY MONEY FUND INC                   | CUSIP: 77957T800<br>LEI: 5493009ZDCM2JOJCUS84 | Long             | STIV             | RF                | US        |   2071580 | NS      | $2071579.58   | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Mid-Cap Value Fund Inc                       | T ROWE PRICE MID-CAP VALUE FUND INC                       | CUSIP: 77957Y502<br>LEI: VTYZMD0S9U3JRH8LCB93 | Long             | EC               | RF                | US        |     17027 | NS      | $524099.47    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Growth Stock Fund Inc                        | T ROWE PRICE GROWTH STOCK FUND INC                        | CUSIP: 77958E208<br>LEI: 549300OJ8IWU7COPZY12 | Long             | EC               | RF                | US        |     21682 | NS      | $2314757.91   | 4.45%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Limited Duration Inflation Focused Bond Fund | T ROWE PRICE LIMITED DURATION INFLATION FOCUSED BOND FUND | CUSIP: 872798301<br>LEI: 5493009ZRV6DHHWWGU69 | Long             | EC               | RF                | US        |   2203835 | NS      | $10446177.18  | 20.09%            |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Floating Rate Fund                           | T ROWE PRICE FLOATING RATE FUND                           | CUSIP: 87279B403<br>LEI: 55EVHYN9ZAYVXIDNQB12 | Long             | EC               | RF                | US        |     68007 | NS      | $628380.61    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Real Assets Fund Inc                         | T ROWE PRICE REAL ASSETS FUND INC                         | CUSIP: 87279W308<br>LEI: 5493008NLR7XEV5QEO07 | Long             | EC               | RF                | US        |     78563 | NS      | $1172953.03   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Dynamic Global Bond Fund                     | T ROWE PRICE DYNAMIC GLOBAL BOND FUND                     | CUSIP: 87281D702<br>LEI: 549300RBL73KV0WZZF27 | Long             | EC               | RF                | US        |    283098 | NS      | $2208161.37   | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Emerging Markets Bond Fund                   | T ROWE PRICE EMERGING MARKETS BOND FUND                   | CUSIP: 87281D801<br>LEI: 515326IHLDOILEO6ED43 | Long             | EC               | RF                | US        |    232519 | NS      | $2125222.30   | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price International Value Equity Fund              | T ROWE PRICE INTERNATIONAL VALUE EQUITY FUND              | CUSIP: 87281D827<br>LEI: 97KIE6QHONOYE0TN8681 | Long             | EC               | RF                | US        |     69884 | NS      | $1443114.04   | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Overseas Stock Fund                          | T ROWE PRICE OVERSEAS STOCK FUND                          | CUSIP: 87281D835<br>LEI: O80MRID2HJVYBDLHU105 | Long             | EC               | RF                | US        |     87835 | NS      | $1269218.89   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price International Stock Fund                     | T ROWE PRICE INTERNATIONAL STOCK FUND                     | CUSIP: 87281D843<br>LEI: DIXEPQW5DPUCAUYFLI61 | Long             | EC               | RF                | US        |     50552 | NS      | $1096479.38   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price International Bond Fund - USD Hedged         | T ROWE PRICE INTERNATIONAL BOND FUND - USD HEDGED         | CUSIP: 87281D850<br>LEI: N/A                  | Long             | EC               | RF                | US        |    425814 | NS      | $3640712.42   | 7.00%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Emerging Markets Stock Fund                  | T ROWE PRICE EMERGING MARKETS STOCK FUND                  | CUSIP: 87281D876<br>LEI: IMG3L58DUY918PK2SP65 | Long             | EC               | RF                | US        |     11675 | NS      | $415849.89    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Emerging Markets Discovery Stock Fund        | T ROWE PRICE EMERGING MARKETS DISCOVERY STOCK FUND        | CUSIP: 87281D884<br>LEI: 549300O1OJ5I2F2FBD73 | Long             | EC               | RF                | US        |     30897 | NS      | $458819.15    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Hedged Equity Fund                           | T ROWE PRICE HEDGED EQUITY FUND                           | CUSIP: 87283V502<br>LEI: 254900ZT332V4E7CGG26 | Long             | EC               | RF                | US        |    138163 | NS      | $1738090.20   | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-03

**Name of Applicant:** T. ROWE PRICE RETIREMENT FUNDS, INC.

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President