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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$23.49

$4.66 B

2.24%

$0.53

0.57%

Vitals

YTD Return

5.7%

1 yr return

-12.2%

3 Yr Avg Return

-2.3%

5 Yr Avg Return

-1.6%

Net Assets

$4.66 B

Holdings in Top 10

25.3%

52 WEEK LOW AND HIGH

$23.4
$21.44
$27.39

Expenses

OPERATING FEES

Expense Ratio 0.57%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 91.90%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$23.49

$4.66 B

2.24%

$0.53

0.57%

RPBAX - Profile

Distributions

  • YTD Total Return 5.7%
  • 3 Yr Annualized Total Return -2.3%
  • 5 Yr Annualized Total Return -1.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.27%
DIVIDENDS
  • Dividend Yield 2.2%
  • 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 Shriver

Fund Description

The fund normally invests approximately 65% of its net assets in stocks and 35% of its net assets in fixed income securities, although the amount may vary based on market conditions. The fund invests at least 25% of its net assets in fixed income senior securities and may invest up to 35% of its net assets in foreign securities.

When deciding upon overall allocations between stocks and fixed income securities, the adviser may favor stocks when strong economic growth is expected and may favor fixed income securities if the economy is expected to slow sufficiently to hurt corporate profit growth. The fund invests in bonds, including foreign issues, which are primarily rated investment grade (i.e., assigned one of the four highest credit ratings by credit rating agencies or by T. Rowe Price) and are chosen from across the entire government, corporate, and asset- and mortgage-backed securities markets. Maturities generally reflect the adviser’s outlook for interest rates.

When selecting particular stocks, the adviser examines relative values and prospects among growth- and value-oriented stocks, domestic and international stocks, small- to large-cap stocks, and stocks of companies involved in activities related to commodities and other real assets. Domestic stocks are drawn from the overall U.S. market and international stocks are selected primarily from large companies in developed countries, although stocks in emerging markets may also be purchased. This process draws heavily upon the adviser’s proprietary stock research expertise. While the fund maintains a well-diversified portfolio, its portfolio manager may at a particular time shift stock selection toward markets or market sectors that appear to offer attractive value and appreciation potential.

A similar security selection process applies to bonds. When deciding whether to adjust duration, credit risk exposure, or allocations among the various sectors (for example, high yield “junk” bonds, mortgage- and asset-backed securities, international bonds, and emerging markets bonds), the adviser weighs such factors as the outlook for inflation and the economy, corporate earnings, expected interest rate movements and currency valuations, and the yield advantage that lower-rated bonds may offer over investment-grade bonds.

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RPBAX - Performance

Return Ranking - Trailing

Period RPBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% -24.7% 108.5% 12.24%
1 Yr -12.2% -26.8% 111.1% 70.62%
3 Yr -2.3%* -9.4% 26.0% 59.80%
5 Yr -1.6%* -10.3% 23.3% 49.48%
10 Yr 1.0%* -4.9% 8.4% 45.70%

* Annualized

Return Ranking - Calendar

Period RPBAX Return Category Return Low Category Return High Rank in Category (%)
2022 -21.2% -39.0% 92.4% 78.80%
2021 1.7% -6.1% 39.6% 60.50%
2020 3.0% -21.9% 14.5% 37.90%
2019 3.9% -15.9% 6.3% 16.86%
2018 -2.5% -12.6% 61.5% 61.24%

Total Return Ranking - Trailing

Period RPBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% -24.7% 108.5% 12.37%
1 Yr -12.2% -26.8% 111.1% 71.25%
3 Yr -2.3%* -9.4% 26.0% 61.24%
5 Yr -1.6%* -10.3% 23.3% 64.32%
10 Yr 1.0%* -4.9% 11.1% 81.00%

* Annualized

Total Return Ranking - Calendar

Period RPBAX Return Category Return Low Category Return High Rank in Category (%)
2022 -21.2% -39.0% 92.4% 78.80%
2021 1.7% -6.1% 39.6% 60.50%
2020 3.0% -21.9% 14.5% 37.90%
2019 3.9% -11.5% 6.3% 18.48%
2018 -2.5% -12.6% 61.5% 86.43%

NAV & Total Return History


RPBAX - Holdings

Concentration Analysis

RPBAX Category Low Category High RPBAX % Rank
Net Assets 4.66 B 658 K 207 B 17.58%
Number of Holdings 1480 2 15351 9.64%
Net Assets in Top 10 1.27 B -6.38 M 48.5 B 29.31%
Weighting of Top 10 25.34% 8.4% 100.0% 70.80%

Top 10 Holdings

  1. Reserve Invt Fds 5.36%
  2. T. Rowe Price Instl High Yield 5.14%
  3. Microsoft Corp 2.73%
  4. Alphabet Inc Class C 2.30%
  5. Apple Inc 2.20%
  6. T. Rowe Price Real Assets I 2.12%
  7. Amazon.com Inc 2.00%
  8. Fvm1 5yr Us Note Fut Jun 21 1.63%
  9. Fvm1 5yr Us Note Fut Jun 21 1.63%
  10. Fvm1 5yr Us Note Fut Jun 21 1.63%

Asset Allocation

Weighting Return Low Return High RPBAX % Rank
Stocks
63.44% 0.00% 99.40% 25.25%
Bonds
35.45% -82.31% 116.75% 39.97%
Cash
0.54% -16.75% 158.07% 91.62%
Convertible Bonds
0.42% 0.00% 23.84% 66.12%
Preferred Stocks
0.13% 0.00% 27.92% 41.12%
Other
0.03% -6.69% 48.03% 49.87%

Stock Sector Breakdown

Weighting Return Low Return High RPBAX % Rank
Technology
20.13% 0.00% 48.68% 44.02%
Healthcare
16.01% 0.00% 39.78% 15.52%
Financial Services
13.78% 0.00% 60.22% 65.90%
Consumer Cyclical
10.92% 0.00% 20.19% 31.55%
Communication Services
9.40% 0.00% 100.00% 12.21%
Industrials
8.26% 0.00% 33.21% 82.06%
Consumer Defense
6.59% 0.00% 22.62% 52.29%
Basic Materials
4.49% 0.00% 33.35% 39.19%
Utilities
4.28% 0.00% 99.55% 21.76%
Energy
3.13% 0.00% 85.65% 81.30%
Real Estate
3.00% 0.00% 65.01% 60.94%

Stock Geographic Breakdown

Weighting Return Low Return High RPBAX % Rank
US
41.97% -1.65% 98.67% 63.45%
Non US
21.47% -0.44% 56.67% 6.47%

Bond Sector Breakdown

Weighting Return Low Return High RPBAX % Rank
Corporate
30.76% 0.00% 98.21% 52.03%
Government
26.58% 0.00% 97.26% 56.73%
Securitized
25.82% 0.00% 92.13% 25.89%
Cash & Equivalents
14.63% 0.14% 100.00% 40.23%
Municipal
2.17% 0.00% 87.00% 8.25%
Derivative
0.03% 0.00% 31.93% 37.06%

Bond Geographic Breakdown

Weighting Return Low Return High RPBAX % Rank
US
32.60% -82.31% 80.50% 31.22%
Non US
2.85% 0.00% 84.73% 63.58%

RPBAX - Expenses

Operational Fees

RPBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.57% 0.06% 7.62% 87.50%
Management Fee 0.43% 0.00% 1.83% 50.06%
12b-1 Fee N/A 0.00% 1.00% 15.53%
Administrative Fee 0.15% 0.01% 0.83% 78.24%

Sales Fees

RPBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

RPBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 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 91.90% 0.00% 343.00% 80.00%

RPBAX - Distributions

Dividend Yield Analysis

RPBAX Category Low Category High RPBAX % Rank
Dividend Yield 2.24% 0.00% 29.57% 26.56%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

RPBAX Category Low Category High RPBAX % Rank
Net Income Ratio 1.27% -2.34% 19.41% 43.59%

Capital Gain Distribution Analysis

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

Distributions History

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RPBAX - Fund Manager Analysis

Managers

Charles Shriver


Start Date

Tenure

Tenure Rank

May 01, 2011

11.09

11.1%

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.

Toby Thompson


Start Date

Tenure

Tenure Rank

Mar 01, 2020

2.25

2.3%

Toby Thompson is a portfolio manager within the Multi-Asset Division. Mr. Thompson is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Associates, Inc. Mr. Thompson earned a B.S. in business and economics from Towson University and an MBA in finance from Loyola University Maryland. He has earned the Chartered Financial Analyst and Chartered Alternative Investment Analyst designations.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 34.51 6.26 2.41