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RPBAX T. Rowe Price Balanced

  • Fund
  • RPBAX
  • Price as of: Dec 02, 2016
  • $22.07
  • + $0.01
  • + 0.05%
  • Category
  • Diversified Portfolio

RPBAX - Profile

Vitals

  • YTD Return 2.8%
  • 3 Yr Annualized Return 4.8%
  • 5 Yr Annualized Return 8.5%
  • Net Assets $3.72 B
  • Holdings in Top 10 13.4%

52 WEEK LOW AND HIGH

$22.07
$19.76
$22.94

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.64%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 65.10%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 4.4%
  • 3 Yr Annualized Total Return 4.8%
  • 5 Yr Annualized Total Return 8.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.95%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name T. Rowe Price Balanced Fund
  • Fund Family Name T. Rowe Price
  • Inception Date Dec 29, 1939
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Charles M. Shriver

Fund Description

The T. Rowe Price Balanced Fund (RPBAX) is a classic balanced fund that features exposure to both stocks and bonds. RPBAX holds only domestic equities and bonds in a 65/35 split. The extra equities weighting is meant to allow RPBAX to slightly outperform 60/40 funds over the long term. The fund is actively managed and physically owns the securities rather than using a fund of funds approach.

As a low-cost option for owning both stocks and bonds, RPBAX provides a great way to build out your core portfolio. The fund is internally managed by T. Rowe Price.

RPBAX - Performance

Return Ranking - Trailing

Period RPBAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.8% -66.0% 21.5% 55.45% 4
1 Yr 3.1% -35.0% 45.9% 41.14% 3
3 Yr 4.8% * -13.6% 11.8% 16.38% 1
5 Yr 8.5% * -11.6% 13.2% 15.61% 1
10 Yr 5.7% * -5.0% 8.2% 13.04% 1

* Annualized


Return Ranking - Calendar

Period RPBAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.2% -37.7% 48.7% 43.17% 3
2014 -1.4% -59.3% 14.8% 53.96% 4
2013 12.5% -17.5% 36.4% 29.03% 2
2012 9.0% -16.2% 18.4% 38.25% 3
2011 -1.9% -30.5% 7.4% 33.95% 3

Total Return Ranking - Trailing

Period RPBAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.4% -65.8% 30.1% 49.95% 3
1 Yr 3.1% -38.3% 73.2% 30.79% 2
3 Yr 4.8% * -14.6% 28.2% 13.30% 1
5 Yr 8.5% * -11.9% 13.2% 13.42% 1
10 Yr 5.7% * -5.0% 8.2% 12.32% 1

* Annualized


Total Return Ranking - Calendar

Period RPBAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 0.7% -29.3% 50.4% 7.66% 1
2014 7.0% -54.8% 25.4% 28.70% 2
2013 24.9% -16.7% 57.2% 15.89% 1
2012 20.0% -16.2% 74.5% 7.97% 1
2011 1.3% -25.3% 15.8% 35.94% 2

NAV & Total Return History

RPBAX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

RPBAX Category Low Category High RPBAX % Rank Quintile
Net Assets 3.72 B 81.4 K 99.4 B 2.83% 1
Number of Holdings 1476 1 12494 2.20% 1
Net Assets in Top 10 525 M -654 M 20.2 B 6.64% 2
Weighting of Top 10 13.4% 0.2% 272.7% 28.79% 5

Top 10 Holdings

  1. T. Rowe Price Instl High Yield 3.82%
  2. Amazon.com Inc 1.66%
  3. Microsoft Corp 1.24%
  4. Alphabet Inc C 0.83%
  5. US Treasury Note 1.375% 0.73%
  6. Facebook Inc A 0.98%
  7. T. Rowe Price Real Assets I 1.94%
  8. JPMorgan Chase & Co 0.81%
  9. The Priceline Group Inc 0.73%
  10. Apple Inc 0.67%

Asset Allocation

Weighting Category Low Category High RPBAX % Rank Quintile
Stocks
63.31% -49.32% 147.79% 9.14% 2
Bonds
32.52% -41.48% 107.98% 16.90% 3
Cash
3.59% -55.49% 139.25% 19.91% 4
Other
0.53% -18.85% 98.84% 15.47% 4
Convertible Bonds
0.05% 0.00% 33.12% 7.00% 3
Preferred Stocks
0.02% -1.01% 35.22% 8.74% 4

Stock Sector Breakdown

Weighting Category Low Category High RPBAX % Rank Quintile
Financial Services
11.18% -5.07% 69.58% 5.94% 1
Technology
10.14% -8.03% 70.04% 7.61% 2
Healthcare
9.58% -1.46% 29.90% 5.48% 1
Consumer Cyclical
8.72% -6.02% 54.37% 5.43% 1
Industrials
5.88% -4.92% 48.84% 11.61% 2
Consumer Defense
5.17% -4.74% 27.69% 8.08% 2
Energy
3.33% -2.68% 33.46% 11.37% 3
Communication Services
3.12% -2.53% 27.16% 4.36% 1
Basic Materials
2.42% -2.13% 21.85% 8.73% 2
Utilities
2.11% -7.18% 47.20% 6.36% 2
Real Estate
1.66% -8.01% 48.98% 13.46% 3

Stock Geographic Breakdown

Weighting Category Low Category High RPBAX % Rank Quintile
US
41.44% -97.12% 142.85% 13.23% 2
Non US
21.87% -2.98% 150.26% 5.08% 1

Bond Sector Breakdown

Weighting Category Low Category High RPBAX % Rank Quintile
Corporate
13.61% -20.43% 93.55% 15.93% 3
Securitized
11.35% -0.01% 40.54% 7.37% 2
Government
6.81% -91.64% 76.37% 16.93% 3
Cash & Equivalents
3.58% -54.77% 138.37% 19.41% 3
Municipal
0.67% 0.00% 91.28% 4.67% 1
Derivative
0.00% -84.53% 36.75% 2.84% 2

Bond Geographic Breakdown

Weighting Category Low Category High RPBAX % Rank Quintile
US
28.00% -154.38% 94.16% 15.33% 3
Non US
4.52% -57.44% 198.64% 14.60% 3

RPBAX - Expenses

Operational Fees

RPBAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.64% 0.00% 165.34% 16.12% 2
Management Fee 0.44% 0.00% 2.55% 3.81% 3
12b-1 Fee 0.00% 0.00% 1.00% 1.78% 1
Administrative Fee 0.15% 0.00% 0.83% 1.46% 4

Sales Fees

RPBAX Fees (% of AUM) Category Low Category High RPBAX Rank Quintile
Front Load N/A 0.14% 5.75% N/A N/A
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

RPBAX Fees (% of AUM) Category Low Category High RPBAX Rank Quintile
Max Redemption Fee N/A 0.11% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

RPBAX Fees (% of AUM) Category Low Category High RPBAX Rank Quintile
Turnover 65.10% 0.00% 5609.00% 9.41% 4

RPBAX - Distributions

Dividend Yield Analysis

RPBAX Category Low Category High RPBAX % Rank Quintile
Dividend Yield 0.4% 0.00% 11.33% 14.43% 1

Dividend Distribution Analysis

RPBAX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

RPBAX Category Low Category High RPBAX % Rank Quintile
Net Income Ratio 1.95% -2.96% 9.94% 10.81% 2

Capital Gain Distribution Analysis

RPBAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

RPBAX - Managers

Charles M. Shriver

Manager

Start Date

May 01, 2011

Tenure

5.51

Tenure Rank

3.5%

Shriver is the Chairman since 2011 and is responsible for implementing and monitoring the fund’s overall investment strategy, as well as allocation of fund’s assets. Mr. Shriver joined T. Rowe Price Associates, Inc. in 1991 and is a vice president.


Tenure Analysis

Category Low

0.0

Category High

35.9

Category Average

5.42

Category Mode

4.8