T. Rowe Price Spectrum Moderate Allocation Fund
TRPBX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- Aug 1, 1994
- CIK
- 0000923084
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Spectrum Moderate Allocation Fund (TRPBX) is an open-end mutual fund managed by T. Rowe Price Associates, Inc. that seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund pursues this objective by investing in a diversified "fund of funds" portfolio typically consisting of approximately 60% underlying equity funds, including U.S. stocks (38.64%), non-U.S. stocks (20.11%), and real assets; 33% fixed income funds, including U.S. bonds (19.22%) and non-U.S. bonds (9.77%); and 7% money market securities, cash reserves, and other short-term instruments. Top holdings include T. Rowe Price Institutional Emerging Markets Equity Fund, T. Rowe Price International Bond Fund (USD Hedged) I Class, T. Rowe Price Real Assets Fund I Class, Blackstone Partners Offshore Fund, and T. Rowe Price Multi-Strategy Total Return Fund I Class, representing 20.52% of the portfolio; the fund may also allocate to alternative strategies such as T. Rowe Price Dynamic Global Bond and hedge fund strategies like Blackstone Offshore. Launched on July 29, 1994, the fund is domiciled in the United States, available for sale primarily to U.S. investors, with total net assets of $2.08 billion and a net expense ratio of 0.75% as of the latest reporting; minimum initial investment is $2,500 ($1,000 for IRAs), with $100 for additional investments. The fund operates within the global moderate allocation category, targeting long-term investors seeking balanced exposure across stocks, bonds, and cash equivalents through a blend of large-cap equities and moderate credit quality, interest-rate sensitive fixed income; sector allocations emphasize technology (14.52%), financial services (9.85%), industrials (6.99%), consumer cyclical (6.26%), and healthcare (5.11%), with geographic focus on the United States (40.21%), Eurozone (5.24%), developed Asia (2.80%), Japan (2.63%), and emerging Asia (2.55%). Portfolio management is led by Charles Shriver (since May 2011), Toby Thompson (since March 2020), and Christina Noonan (since January 2025), who actively rebalance the asset mix within defined ranges based on economic outlook, interest rates, and market conditions. Recent changes include the addition of Christina Noonan as co-portfolio manager effective January 2025, enhancing the management team's expertise in multi-asset allocation strategies. In 2025, T. Rowe Price, the fund's sponsor, entered a strategic partnership with Goldman Sachs, under which Goldman invested up to $1 billion in T. Rowe Price stock to collaborate on target date funds and model portfolios integrating public and private market assets, including leveraged buyouts and private credit, aimed at broadening retail investor access to alternatives. The firm also continues to evolve its Spectrum series by incorporating alternative holdings like hedge fund strategies, reflecting ongoing adjustments to portfolio construction for diversification and risk management. T. Rowe Price Associates, Inc., founded in 1937 and headquartered in Baltimore, Maryland, manages the fund as part of its broader offerings in active investment management across mutual funds and related vehicles.