# EDGAR Filing Document

**Accession Number:** 0001177017
**File Stem:** 0001099263-25-003659
**Filing Date:** 2025-11
**Character Count:** 13744
**Document Hash:** 3c11f839ddac39f25c214f970c439d30
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-25-003659.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001099263-25-003659

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20251231

**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:** 251522016

**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 Income 2025 Fund (Series ID: S000083543)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000247281 | T. Rowe Price Retirement Income 2025 Fund         | TRAVX           |
| C000247282 | T. Rowe Price Retirement Income 2025 Fund-I Class | TRATX           |

## 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 Income 2025 Fund

- **b. EDGAR series identifier (if any):** S000083543

- **c. LEI of Series:** 2549002K9H2TUXWLU979

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $20035816.66

**Total Liabilities:** $48638.56

**Net Assets:** $19987178.10

**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 C000247281 | 0.45%                | 2.00%                | 1.97%                |
| Class ID C000247282 | 0.45%                | 2.09%                | 1.96%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-483.72                 | $28753.84                                  |
| Month 2  | $114.22                  | $345415.25                                 |
| Month 3  | $7333.25                 | $361481.61                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TRP DYNAMIC CREDIT FD-Z               | T ROWE PR DYN CRDT-Z                                      | CUSIP: 77956H153<br>LEI: 549300WMBCO7MBYMNE44 | Long             | EC               | RF                | US        |     26326 | NS      | $234564.41    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| TRP DYNAMIC GLOBAL BOND FD-Z          | T ROWE PRICE DYNAMIC GLOBAL BOND FUND                     | CUSIP: 87281D702<br>LEI: 549300RBL73KV0WZZF27 | Long             | EC               | RF                | US        |     79066 | NS      | $608811.13    | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TRP EMER MKTS BND FD-Z                | T ROWE PRICE EMERGING MARKETS BOND FUND                   | CUSIP: 87281D801<br>LEI: 515326IHLDOILEO6ED43 | Long             | EC               | RF                | US        |     53658 | NS      | $518336.40    | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| TRP EM MKTS DISCOVERY STK FD-Z CL     | T ROWE PRICE EMERGING MARKETS DISCOVERY STOCK FUND        | CUSIP: 87281D884<br>LEI: 549300O1OJ5I2F2FBD73 | Long             | EC               | RF                | US        |     18455 | NS      | $324615.02    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| TRP EMER MKTS STOCK FD-Z              | T ROWE PRICE EMERGING MARKETS STOCK FUND                  | CUSIP: 87281D876<br>LEI: IMG3L58DUY918PK2SP65 | Long             | EC               | RF                | US        |      6922 | NS      | $290744.12    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| TRP EQUITY INDEX 500 FD-Z             | T ROWE PRICE EQUITY INDEX 500 FUND                        | CUSIP: 779552504<br>LEI: 549300VJO42KQ3FO2X07 | Long             | EC               | RF                | US        |      5057 | NS      | $889313.05    | 4.45%             |  |  |  | No            |                  1 | On Loan: No      |
| TRP FLOATING RATE FD-Z                | T ROWE PRICE FLOATING RATE FUND                           | CUSIP: 87279B403<br>LEI: 55EVHYN9ZAYVXIDNQB12 | Long             | EC               | RF                | US        |     15961 | NS      | $147797.21    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| TRP GROWTH STOCK FD-Z                 | T ROWE PRICE GROWTH STOCK FUND INC                        | CUSIP: 77958E208<br>LEI: 549300OJ8IWU7COPZY12 | Long             | EC               | RF                | US        |     12506 | NS      | $1543269.36   | 7.72%             |  |  |  | No            |                  1 | On Loan: No      |
| TRP HEDGED EQUITY FD-Z                | T ROWE PRICE HEDGED EQUITY FUND                           | CUSIP: 87283V502<br>LEI: 254900ZT332V4E7CGG26 | Long             | EC               | RF                | US        |     79960 | NS      | $1100255.34   | 5.50%             |  |  |  | No            |                  1 | On Loan: No      |
| TRP HIGH YIELD FD-Z                   | T ROWE PRICE HIGH YIELD FUND INC                          | CUSIP: 741481709<br>LEI: 2F9VPFCSWR3EU5WBPH73 | Long             | EC               | RF                | US        |     74440 | NS      | $448127.04    | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| TRP INTL BOND FD (USD HEDGED)-Z       | T ROWE PRICE INTERNATIONAL BOND FUND - USD HEDGED         | CUSIP: 87281D850<br>LEI: 549300A3CV9FBEEC1242 | Long             | EC               | RF                | US        |    119988 | NS      | $1028293.59   | 5.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TRP INTL STOCK FD-Z                   | T ROWE PRICE INTERNATIONAL STOCK FUND                     | CUSIP: 87281D843<br>LEI: DIXEPQW5DPUCAUYFLI61 | Long             | EC               | RF                | US        |     29450 | NS      | $674694.27    | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TRP INTL VALUE EQUITY FD-Z            | T ROWE PRICE INTERNATIONAL VALUE EQUITY FUND              | CUSIP: 87281D827<br>LEI: 97KIE6QHONOYE0TN8681 | Long             | EC               | RF                | US        |     39682 | NS      | $906342.30    | 4.53%             |  |  |  | No            |                  1 | On Loan: No      |
| TRP LTD DURATION INFL FOCUSED BD FD-Z | T ROWE PRICE LIMITED DURATION INFLATION FOCUSED BOND FUND | CUSIP: 872798301<br>LEI: 5493009ZRV6DHHWWGU69 | Long             | EC               | RF                | US        |    417739 | NS      | $2013501.91   | 10.07%            |  |  |  | No            |                  1 | On Loan: No      |
| TRP MID-CAP GROWTH FD-Z               | T ROWE PRICE MID-CAP GROWTH FUND INC                      | CUSIP: 779556505<br>LEI: 549300H4FB9U29ZK0L79 | Long             | EC               | RF                | US        |      3347 | NS      | $348531.19    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| TRP MID-CAP VALUE FD-Z                | T ROWE PRICE MID-CAP VALUE FUND INC                       | CUSIP: 77957Y502<br>LEI: VTYZMD0S9U3JRH8LCB93 | Long             | EC               | RF                | US        |      9744 | NS      | $327675.06    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| TRP NEW HORIZONS FD-Z                 | T ROWE PRICE NEW HORIZONS FUND INC                        | CUSIP: 779562305<br>LEI: E0J2ATABWUU4WO6I2K88 | Long             | EC               | RF                | US        |      2666 | NS      | $155753.27    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| TRP NEW INCOME FD-Z                   | T ROWE PRICE NEW INCOME FUND INC                          | CUSIP: 779570506<br>LEI: 5F373D85WF2X2XQOCV26 | Long             | EC               | RF                | US        |    334354 | NS      | $2691547.05   | 13.47%            |  |  |  | No            |                  1 | On Loan: No      |
| TRP OVERSEAS STOCK FD-Z               | T ROWE PRICE OVERSEAS STOCK FUND                          | CUSIP: 87281D835<br>LEI: O80MRID2HJVYBDLHU105 | Long             | EC               | RF                | US        |     49603 | NS      | $784225.34    | 3.92%             |  |  |  | No            |                  1 | On Loan: No      |
| TRP REAL ASSETS FD-Z                  | T ROWE PRICE REAL ASSETS FUND INC                         | CUSIP: 87279W308<br>LEI: 5493008NLR7XEV5QEO07 | Long             | EC               | RF                | US        |     46171 | NS      | $800598.08    | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TRP SMALL-CAP STOCK FD-Z              | T ROWE PRICE SMALL-CAP STOCK FUND INC                     | CUSIP: 779572601<br>LEI: DN033QOT4XRHBV08B590 | Long             | EC               | RF                | US        |      2195 | NS      | $133282.09    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| TRP SMALL-CAP VALUE FD-Z              | T ROWE PRICE SMALL-CAP VALUE FUND INC                     | CUSIP: 77957Q400<br>LEI: ZPMK6UBY3Q3LBDC3GP51 | Long             | EC               | RF                | US        |      3606 | NS      | $203258.08    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TRP TRANSITION FD                     | T ROWE PRICE TRANSITION FUND                              | CUSIP: 87283Y100<br>LEI: 549300SB1TPJU7WGZG92 | Long             | EC               | RF                | US        |        20 | NS      | $1977.30      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TRP US LARGE-CAP CORE FD-Z            | T ROWE PRICE US LARGE-CAP CORE FUND INC                   | CUSIP: 74149R404<br>LEI: 549300UPL95VCG3J6X04 | Long             | EC               | RF                | US        |     22986 | NS      | $1062187.56   | 5.31%             |  |  |  | No            |                  1 | On Loan: No      |
| TRP US TREASURY LONG-TERM INDEX FD-Z  | T ROWE PRICE US TREASURY LONG-TERM INDEX FUND             | CUSIP: 77957T701<br>LEI: 81MQEQSHGI5PN6BWN277 | Long             | EC               | RF                | US        |     75271 | NS      | $547223.26    | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| TRP US TREASURY MONEY FD-Z            | T ROWE PRICE US TREASURY MONEY FUND INC                   | CUSIP: 77957T800<br>LEI: 5493009ZDCM2JOJCUS84 | Long             | STIV             | RF                | US        |    661849 | NS      | $661848.58    | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| TRP VALUE FD-Z                        | T ROWE PRICE VALUE FUND INC                               | CUSIP: 779578400<br>LEI: TLDUHX6EEOQ43DDR8861 | Long             | EC               | RF                | US        |     31232 | NS      | $1542225.47   | 7.72%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-05

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

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President