T. Rowe Price Balanced Fund
RPBAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- Jan 2, 1980
- CIK
- 0000871839
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Balanced Fund (RPBAX) is an open-end mutual fund managed by T. Rowe Price Group, Inc., that seeks capital growth, current income, and preservation of capital through a diversified portfolio of approximately 65% common stocks and 35% fixed-income securities; it allocates at least 25% of assets to fixed-income senior securities and may invest up to 35% in foreign securities, including U.S. and non-U.S. equities across sectors such as technology, consumer cyclical, and communication services, alongside domestic and foreign bonds, mortgage-backed securities, high-yield bonds, and underlying T. Rowe Price funds like Real Assets and Institutional High Yield. Top holdings include NVIDIA Corp, Microsoft Corp, Apple Inc, Amazon.com Inc, and Alphabet Inc Class C, with additional exposure to cash equivalents and reserve investment funds. The fund, launched on December 29, 1939, operates primarily in the United States within the moderate allocation category, targeting individual and institutional investors seeking balanced risk-adjusted returns. T. Rowe Price Group, Inc., the fund's investment manager and parent organization, was founded in 1937 and is headquartered in Baltimore, Maryland, with additional offices across the U.S. and international locations serving clients in over 50 countries. The firm provides a broad range of active investment management products, including equity, fixed income, multi-asset, and alternative strategies through mutual funds, retirement plans, and separate accounts. In recent developments, portfolio management for RPBAX was expanded on June 30, 2025, with Vivek Rajeswaran, Brian Solomon, and Mike Signore joining as comanagers alongside lead manager Charles D. Giroux, reflecting the team's collaborative approach after their prior roles as associate managers. At the firm level, T. Rowe Price announced a major strategic partnership with Goldman Sachs Group Inc. in September 2025, under which Goldman committed up to $1 billion to purchase T. Rowe Price stock and the firms will collaborate on private-market products, including target-date funds and model portfolios blending public and private assets for retail and retirement investors, with initial co-branded offerings launched via GeoWealth by December 2025. Further, in February 2025, T. Rowe Price formed a strategic alliance with OHA and Aspida to manage public and private assets, pursue product development, and support growth initiatives, building on its existing minority stake in Aspida. In December 2025, the firm transitioned to Charles River's enterprise investment management system, enhancing operational efficiency for its funds including RPBAX.