T. Rowe Price Spectrum Moderate Allocation Fund I Class
TPPAX
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
FRC
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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
- Mar 24, 2016
- CIK
- 0000923084
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Spectrum Moderate Allocation Fund I Class (TPPAX) is an open-end mutual fund that seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a diversified "fund of funds" portfolio typically consisting of approximately 60% equity securities, 33% fixed income securities including bonds and money market instruments, and 7% alternative investments; its underlying holdings include T. Rowe Price Institutional Emerging Markets Equity (5.10%), T. Rowe Price International Bond (USD Hedged) I Class (4.52%), T. Rowe Price Real Assets I (3.99%), Blackstone Partners Offshore Fund (3.91%), T. Rowe Price Emerging Markets Bond I (2.85%), T. Rowe Price Dynamic Global Bond I (2.68%), and T. Rowe Price Institutional High Yield (2.63%), along with individual equities such as NVIDIA Corp and Microsoft Corp. It operates within the global moderate allocation category, targeting long-term investors seeking balanced risk-adjusted returns through active asset allocation and rebalancing based on economic outlook, interest rates, and market conditions. The fund, part of T. Rowe Price's Spectrum series managed by the firm's multi-asset team, was incepted on July 29, 1994, and is available primarily to institutional investors with a minimum initial investment of $500,000. T. Rowe Price Group, Inc., the fund's investment manager, was founded in 1937 and maintains global headquarters in Baltimore, Maryland, with operations serving clients across 55 countries through 17 international offices. In recent developments, the fund's underlying holding T. Rowe Price Multi-Strategy Total Return, which comprised about 3% of the portfolio as of July 2025, announced its liquidation by January 23, 2026; assets are being reallocated to T. Rowe Price Dynamic Global Bond and the Blackstone Offshore hedge fund, with potential additions of further alternative strategies in the series. These adjustments reflect ongoing portfolio optimization amid evolving market dynamics, while the fund retains high people and above-average process ratings from analysts. The strategy benchmarks against a composite index including the Wilshire 5000, MSCI EAFE, Bloomberg U.S. Aggregate Bond, and FTSE 3-Month Treasury Bill indices.