RPBAX: T. Rowe Price Balanced

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RPBAX T. Rowe Price Balanced

  • Fund
  • RPBAX
  • Price as of: Dec 10, 2019
  • $24.86
    - $0.02 - 0.08%

Profile

RPBAX - Profile

Vitals

  • YTD Return 16.2%
  • 3 Yr Annualized Return 10.4%
  • 5 Yr Annualized Return 7.0%
  • Net Assets $4.55 B
  • Holdings in Top 10 15.0%

52 WEEK LOW AND HIGH

$24.86
$20.66
$25.01

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.58%

SALES FEES

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

BROKERAGE FEES

  • Turnover 68.20%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 16.2%
  • 3 Yr Annualized Total Return 10.4%
  • 5 Yr Annualized Total Return 7.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.10%
DIVIDENDS
  • Dividend Yield 0.5%
  • 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.


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Categories

Fund Company Quick Screens

RPBAX - Fund Company Quick Screens


Performance

RPBAX - Performance

Return Ranking - Trailing

Period RPBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.2% -8.0% 23.4% 13.61%
1 Yr 13.1% -18.5% 15.6% 5.17%
3 Yr 10.4%* -10.2% 11.4% 1.53%
5 Yr 7.0%* -8.8% 7.9% 0.89%
10 Yr 8.9%* -2.7% 9.5% 1.80%

* Annualized

Return Ranking - Calendar

Period RPBAX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.1% -32.7% 0.0% 65.53%
2017 10.7% -3.7% 19.3% 22.80%
2016 2.4% -9.5% 16.1% 64.23%
2015 -6.2% -19.1% 1.0% 36.06%
2014 -1.4% -21.3% 10.2% 65.00%

Total Return Ranking - Trailing

Period RPBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.2% -8.0% 23.4% 13.61%
1 Yr 13.1% -18.5% 18.4% 8.84%
3 Yr 10.4%* -10.2% 11.4% 2.04%
5 Yr 7.0%* -8.8% 7.9% 1.18%
10 Yr 8.9%* -2.7% 9.6% 2.70%

* Annualized

Total Return Ranking - Calendar

Period RPBAX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.1% -32.7% 0.0% 86.99%
2017 10.7% -3.7% 22.1% 59.33%
2016 2.4% -9.5% 20.7% 82.38%
2015 -6.2% -16.4% 6.2% 76.67%
2014 -1.4% -21.3% 15.3% 88.67%

NAV & Total Return History


Holdings

RPBAX - Holdings

Concentration Analysis

RPBAX Category Low Category High RPBAX % Rank
Net Assets 4.55 B 1.73 M 114 B 19.75%
Number of Holdings 1430 52 4473 26.17%
Net Assets in Top 10 659 M -1.94 M 20.3 B 33.62%
Weighting of Top 10 14.96% 5.1% 245.2% 74.89%

Top 10 Holdings

  1. T. Rowe Price Instl High Yield 3.68%
  2. Microsoft Corp 2.22%
  3. Amazon.com Inc 1.81%
  4. T. Rowe Price Real Assets I 1.43%
  5. Boeing Co 1.23%
  6. Facebook Inc A 1.14%
  7. Alphabet Inc Class C 1.10%
  8. United States Treasury Notes 2% 0.84%
  9. American International Group Inc 0.76%
  10. Visa Inc Class A 0.75%

Asset Allocation

Weighting Return Low Return High RPBAX % Rank
Stocks
64.32% 20.81% 79.10% 19.57%
Bonds
33.61% 20.05% 64.96% 55.74%
Cash
1.66% -26.10% 51.94% 78.09%
Convertible Bonds
0.22% 0.00% 11.29% 58.72%
Preferred Stocks
0.18% 0.00% 20.67% 50.64%
Other
0.01% -3.23% 65.27% 63.40%

Stock Sector Breakdown

Weighting Return Low Return High RPBAX % Rank
Technology
13.21% 0.00% 19.81% 9.89%
Financial Services
11.13% 0.00% 20.23% 24.52%
Healthcare
8.81% 0.00% 14.10% 18.06%
Consumer Cyclical
7.67% 0.00% 16.42% 11.40%
Industrials
7.08% 0.15% 12.85% 21.29%
Consumer Defense
4.48% 0.00% 17.22% 46.24%
Utilities
2.89% -1.54% 13.26% 25.38%
Basic Materials
2.29% 0.00% 6.76% 38.92%
Energy
2.23% -0.52% 21.07% 78.49%
Real Estate
2.11% -0.11% 58.06% 60.00%
Communication Services
1.52% 0.00% 11.27% 57.85%

Stock Geographic Breakdown

Weighting Return Low Return High RPBAX % Rank
US
41.37% -0.12% 56.90% 15.74%
Non US
22.95% 2.15% 59.64% 40.85%

Bond Sector Breakdown

Weighting Return Low Return High RPBAX % Rank
Corporate
14.00% -0.53% 64.01% 47.23%
Securitized
12.18% -29.84% 32.40% 22.98%
Government
7.06% -18.83% 43.35% 75.74%
Cash & Equivalents
1.66% -27.77% 71.17% 78.09%
Municipal
0.77% 0.00% 9.14% 9.36%
Derivative
0.00% -18.88% 29.30% 60.00%

Bond Geographic Breakdown

Weighting Return Low Return High RPBAX % Rank
US
29.90% -1.16% 47.05% 38.51%
Non US
3.71% -21.48% 44.27% 74.04%

Expenses

RPBAX - Expenses

Operational Fees

RPBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.58% 0.07% 26.19% 87.93%
Management Fee 0.44% 0.00% 2.05% 23.57%
12b-1 Fee 0.00% 0.00% 1.00% 9.93%
Administrative Fee 0.15% 0.01% 0.30% 86.70%

Sales Fees

RPBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.20% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

RPBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.20% 2.00% N/A

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 Return Low Category Return High Rank in Category (%)
Turnover 68.20% 7.00% 586.00% 57.78%

Distributions

RPBAX - Distributions

Dividend Yield Analysis

RPBAX Category Low Category High RPBAX % Rank
Dividend Yield 0.52% 0.00% 4.96% 57.11%

Dividend Distribution Analysis

RPBAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Quarterly

Net Income Ratio Analysis

RPBAX Category Low Category High RPBAX % Rank
Net Income Ratio 2.10% -0.82% 6.29% 45.69%

Capital Gain Distribution Analysis

RPBAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Semi-Annually

Dividend Payout History

View More +

Fund Manager Analysis

RPBAX - Fund Manager Analysis

Managers

Charles M. Shriver


Start Date

Tenure

Tenure Rank

May 01, 2011

8.59

8.6%

Charles M. Shriver is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Associates, Inc. He is a portfolio manager for several asset allocation portfolios within the Asset Allocation Group. He is the president of the Global Allocation, Balanced, Spectrum, and Personal Strategy Funds and chairman of their Investment Advisory Committees. Charles is also a member of the Investment Advisory Committee for the Real Assets Fund. He is cochair of the Asset Allocation Committee and has been with the firm since 1991. Charles earned a BA in economics and rhetoric/communications studies from the University of Virginia, an MSF in finance from Loyola University Maryland, and a graduate diploma in public economics from Stockholm University. He has earned the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 27.93 6.31 5.19