T. Rowe Price Global Allocation
RPGAX
NASDAQ- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- Baltimore, Maryland 21202 United States of America
- IPO Date
- Jun 4, 2013
- CIK
- 0001571768
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Global Allocation Fund (RPGAX) is an actively managed open-end mutual fund that pursues long-term capital appreciation and income through a broadly diversified global portfolio of U.S. and international stocks, bonds, short-term securities, and alternative investments including hedge funds; it employs tactical asset allocation within defined ranges across asset classes such as equities (typically 35%-75%), fixed income, and cash equivalents, complemented by bottom-up security selection leveraging T. Rowe Price's global research platform of approximately 350 analysts. The fund diversifies across regions including the United States (approximately 36%), Eurozone, emerging Asia, Japan, and developed Asia, with sector and credit quality considerations in bonds; it maintains flexibility to overweight or underweight sectors based on 6-18 month economic outlooks from the firm's Asset Allocation Committee. Launched in 2013 and managed primarily by T. Rowe Price Associates, Inc., a global investment manager founded in 1937 and headquartered in Baltimore, Maryland, the fund targets moderate-risk investors seeking global moderate allocation exposure in both taxable and tax-deferred accounts. In recent developments, T. Rowe Price's Asset Allocation Committee issued its December 2025 Global Asset Allocation Viewpoints report, maintaining a balanced stance on risk assets amid AI-driven growth, fiscal policies, inflation risks, and labor market shifts, with tactical adjustments including neutral equities positioning and opportunities outside the U.S. in value stocks. The firm entered a strategic partnership in February 2025 with Oaktree Capital Management (via OHA) and Aspida to support Aspida's growth in financial security products, backed by over $3 billion in commitments including from Ares Management. Additionally, in September 2025, T. Rowe Price announced a collaboration with Goldman Sachs involving up to $1 billion investment in T. Rowe Price stock to co-develop public and private market products for retirement and wealth investors, enhancing access to alternatives; the firm also launched two new international equity ETFs (TIER and TGLB) in June 2025 and retirement allocation funds with HSBC in Asia in September 2025, signaling expanded multi-asset and global offerings. Portfolio managers for RPGAX include Charles Shriver (since inception), Toby Thompson (since 2020), and Christina Noonan (since January 2025), with ongoing active reallocations reflecting current market views.