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RPBAX T. Rowe Price Balanced

  • Fund
  • RPBAX
  • Price as of: May 22, 2019
  • $23.39 - $0.04 - 0.17%
  • Category
  • Diversified Portfolio

RPBAX - Profile

Vitals

  • YTD Return 9.4%
  • 3 Yr Annualized Return 2.9%
  • 5 Yr Annualized Return -0.3%
  • Net Assets $4.29 B
  • Holdings in Top 10 14.5%

52 WEEK LOW AND HIGH

$23.39
$20.66
$25.06

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

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 9.4%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return -0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.10%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 (%)
YTD 9.4% -3.6% 18.6% 27.83%
1 Yr -5.0% -27.6% 10.7% 62.06%
3 Yr 2.9%* -9.2% 14.1% 25.24%
5 Yr -0.3%* -24.5% 8.6% 37.41%
10 Yr 4.7%* -14.3% 9.7% 34.04%

* Annualized


Return Ranking - Calendar

Period RPBAX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.1% -34.6% 1.6% 65.00%
2017 10.7% -12.4% 33.2% 20.04%
2016 2.4% -65.8% 23.3% 63.65%
2015 -6.2% -64.9% 4.8% 49.23%
2014 -1.4% -59.3% 68.3% 65.21%

Total Return Ranking - Trailing

Period RPBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -3.6% 18.6% 27.77%
1 Yr -5.0% -25.5% 11.4% 80.43%
3 Yr 2.9%* -9.2% 14.1% 73.03%
5 Yr -0.3%* -21.8% 47.6% 82.71%
10 Yr 4.7%* -12.6% 13.3% 80.00%

* Annualized


Total Return Ranking - Calendar

Period RPBAX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.1% -32.7% 1.6% 83.32%
2017 10.7% -8.4% 33.2% 50.22%
2016 2.4% -65.2% 23.3% 86.09%
2015 -6.2% -62.9% 9.2% 78.65%
2014 -1.4% -28.5% 76.9% 90.29%

NAV & Total Return History

RPBAX - Holdings

Concentration Analysis

RPBAX Category Low Category High RPBAX % Rank
Net Assets 4.29 B 608 K 144 B 15.05%
Number of Holdings 1421 2 13342 11.07%
Net Assets in Top 10 603 M -752 M 26.4 B 32.95%
Weighting of Top 10 14.45% 0.0% 3196.0% 94.50%

Top 10 Holdings

  1. T. Rowe Price Instl High Yield 3.17%

  2. Microsoft Corp 2.13%

  3. Amazon.com Inc 2.01%

  4. T. Rowe Price Real Assets I 1.43%

  5. Facebook Inc A 1.26%

  6. Boeing Co 1.03%

  7. Alphabet Inc Class C 0.97%

  8. United States Treasury Notes 2% 0.85%

  9. United States Treasury Notes 2.75% 0.85%

  10. Visa Inc Class A 0.75%


Asset Allocation

Weighting Return Low Return High RPBAX % Rank
Stocks
65.23% -18.54% 99.89% 24.29%
Bonds
33.27% -342.57% 261.66% 60.40%
Cash
1.23% -285.07% 453.71% 81.97%
Preferred Stocks
0.13% 0.00% 65.70% 39.78%
Convertible Bonds
0.12% -0.09% 39.88% 56.17%
Other
0.01% -253.31% 51.84% 19.54%

Stock Sector Breakdown

Weighting Return Low Return High RPBAX % Rank
Technology
13.03% -9.43% 28.91% 20.63%
Financial Services
10.59% -0.38% 47.66% 22.78%
Healthcare
9.44% -2.72% 24.64% 17.41%
Consumer Cyclical
7.69% -10.37% 33.33% 25.06%
Industrials
5.60% -0.28% 27.79% 44.24%
Consumer Defense
4.17% -1.62% 18.58% 41.08%
Energy
2.99% -2.23% 32.61% 52.22%
Utilities
2.45% -0.60% 23.50% 21.96%
Basic Materials
1.91% -1.52% 21.64% 46.33%
Communication Services
1.80% -0.92% 7.52% 41.84%
Real Estate
1.31% -3.85% 73.69% 64.94%

Stock Geographic Breakdown

Weighting Return Low Return High RPBAX % Rank
US
42.60% -20.21% 124.70% 37.82%
Non US
22.63% -91.46% 98.02% 19.99%

Bond Sector Breakdown

Weighting Return Low Return High RPBAX % Rank
Corporate
13.12% 0.00% 93.54% 55.41%
Securitized
11.72% 0.00% 43.20% 34.60%
Government
7.81% -203.24% 254.66% 63.44%
Cash & Equivalents
1.23% -278.69% 455.04% 79.82%
Municipal
0.73% 0.00% 99.76% 12.21%
Derivative
0.00% -190.53% 70.06% 75.14%

Bond Geographic Breakdown

Weighting Return Low Return High RPBAX % Rank
US
29.59% -337.34% 210.96% 54.40%
Non US
3.68% -84.44% 144.19% 53.89%

RPBAX - Expenses

Operational Fees

RPBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.58% 0.00% 11.64% 74.76%
Management Fee 0.44% 0.00% 2.50% 52.81%
12b-1 Fee 0.00% 0.00% 1.00% 15.61%
Administrative Fee 0.15% 0.00% 0.83% 79.21%

Sales Fees

RPBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.14% 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 0.11% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 68.20% 0.00% 6067.00% 69.01%

RPBAX - Distributions

Dividend Yield Analysis

RPBAX Category Low Category High RPBAX % Rank
Dividend Yield 0.02% 0.00% 0.31% 39.85%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

RPBAX Category Low Category High RPBAX % Rank
Net Income Ratio 2.10% -4.09% 6.99% 29.98%

Capital Gain Distribution Analysis

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

RPBAX - Managers

Charles M. Shriver

Manager

Start Date

Tenure

Tenure Rank

May 01, 2011

8.0

8.0%

Mr. 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

38.35

Category Average

6.56

Category Mode

6.95