# EDGAR Filing Document

**Accession Number:** 0001177017
**File Stem:** 0001177017-25-000981
**Filing Date:** 2025-7
**Character Count:** 18052
**Document Hash:** fca9d59cbf56f2d2749f935e825625a5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001177017-25-000981.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001177017-25-000981

**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:** 251161505

**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 Retirement 2030 Fund (Series ID: S000002112)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000005493 | T. Rowe Price Retirement 2030 Fund               | TRRCX           |
| C000005494 | T. Rowe Price Retirement 2030 Fund-Advisor Class | PARCX           |
| C000005495 | T. Rowe Price Retirement 2030 Fund- R Class      | RRTCX           |
| C000244822 | T. Rowe Price Retirement 2030 Fund-I Class       | TRFHX           |

## 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 Retirement 2030 Fund

- **b. EDGAR series identifier (if any):** S000002112

- **c. LEI of Series:** 549300VZ35OSLXZUW577

**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:** $29374256539.26

**Total Liabilities:** $14393599.39

**Net Assets:** $29359862939.87

**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 C000005495 | -2.11%               | -0.12%               | 2.99%                |
| Class ID C000005494 | -2.04%               | -0.16%               | 3.03%                |
| Class ID C000244822 | -2.05%               | -0.08%               | 3.06%                |
| Class ID C000005493 | -2.05%               | -0.08%               | 3.02%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $17880167.10             | $-681304696.74                             |
| Month 2  | $-65698767.42            | $-13963322.21                              |
| Month 3  | $35400249.96             | $837806991.55                              |

### 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        |  91751705 | NS      | $543170096.24  | 1.85%             |  |  |  | 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        |  47980840 | NS      | $2014235683.55 | 6.86%             |  |  |  | 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        |  12445841 | NS      | $1938190808.52 | 6.60%             |  |  |  | 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        |   7098053 | NS      | $695893093.91  | 2.37%             |  |  |  | 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        |   5601493 | NS      | $293910350.90  | 1.00%             |  |  |  | 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        |  11762328 | NS      | $103390860.78  | 0.35%             |  |  |  | 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        | 415538593 | NS      | $3278599496.66 | 11.17%            |  |  |  | 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        |   6150065 | NS      | $336347032.20  | 1.15%             |  |  |  | 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        |  62996311 | NS      | $2926178659.44 | 9.97%             |  |  |  | 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        |   8110177 | NS      | $406400979.65  | 1.38%             |  |  |  | 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        | 130391640 | NS      | $915349313.50  | 3.12%             |  |  |  | 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        | 347647419 | NS      | $347647418.77  | 1.18%             |  |  |  | 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        |  21026050 | NS      | $647181809.36  | 2.20%             |  |  |  | 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        |  26848530 | NS      | $2866349085.29 | 9.76%             |  |  |  | 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        | 284702421 | NS      | $1349489476.60 | 4.60%             |  |  |  | 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        |  18735026 | NS      | $173111644.05  | 0.59%             |  |  |  | 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        |  85628772 | NS      | $1278437565.39 | 4.35%             |  |  |  | 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        |  96966340 | NS      | $756337450.58  | 2.58%             |  |  |  | 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        |  66979134 | NS      | $612189287.71  | 2.09%             |  |  |  | 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        |  82041688 | NS      | $1694160848.89 | 5.77%             |  |  |  | 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        | 107611989 | NS      | $1554993245.95 | 5.30%             |  |  |  | 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        |  61888087 | NS      | $1342352612.73 | 4.57%             |  |  |  | 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        | 146904539 | NS      | $1256033810.13 | 4.28%             |  |  |  | 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        |  13336349 | NS      | $475040746.28  | 1.62%             |  |  |  | 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        |  38508244 | NS      | $571847425.98  | 1.95%             |  |  |  | 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        |  71795179 | NS      | $903183354.32  | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Transition Fund                              | T ROWE PRICE TRANSITION FUND                              | CUSIP: 87283Y100<br>LEI: 549300SB1TPJU7WGZG92 | Long             | EC               | RF                | US        |     36787 | NS      | $3536754.13    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bill                               | UNITED STATES TREASURY BILL                               | CUSIP: 912797PR2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  45000000 | PA      | $44957849.85   | 0.15%             | 2025-06-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bill                               | UNITED STATES TREASURY BILL                               | CUSIP: 912797QJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6100000 | PA      | $6048930.31    | 0.02%             | 2025-08-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CME E-MINI STANDARD & POOR'S 500 INDEX FUTURE             | S&P500 EMINI FUT  JUN25                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      -899 | NC      | $-8857158.01   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| CME E-MINI STANDARD & POOR'S 500 INDEX FUTURE             | S&P500 EMINI FUT  JUN25                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      -237 | NC      | $-2334979.36   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| CME E-MINI STANDARD & POOR'S 500 INDEX FUTURE             | S&P500 EMINI FUT  JUN25                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      -420 | NC      | $-4137938.11   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                       | MSCI EAFE         JUN25                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      -242 | NC      | $-1101192.62   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                       | MSCI EAFE         JUN25                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      -276 | NC      | $-1255905.63   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                       | MSCI EAFE         JUN25                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      -638 | NC      | $-2903144.17   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| CME E-MINI RUSSELL 2000 INDEX FUTURES                     | E-MINI RUSS 2000  JUN25                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     -1605 | NC      | $209156.14     | 0.00%             |  |  |  | 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