T. Rowe Price Spectrum Moderate Allocation Fund (TRPBX)
The fund invests in a diversified portfolio typically consisting of approximately 60% stocks; 35% bonds, money market securities, and cash reserves; and 5% alternative investments, including through hedge funds. Under normal conditions, its allocation to the broad asset classes will be within the following ranges: stocks (50-70%), bonds, money markets securities, and cash reserves (25-45%), and alternative investments (0-10%).
Fund Info
US77957L1044
77957L104
Jul 28, 1994
$2,500
Large-Cap
Blend
Expense Ratio
TRPBX has an expense ratio of 0.51%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
T. Rowe Price Spectrum Moderate Allocation Fund (TRPBX) returned 4.03% year-to-date (YTD) and 7.63% over the past 12 months. Over the past 10 years, TRPBX returned 6.56% annually, underperforming the S&P 500 benchmark at 10.86%.
TRPBX
4.03%
6.48%
3.02%
7.63%
8.59%
8.11%
6.56%
^GSPC (Benchmark)
1.39%
12.89%
1.19%
12.45%
15.19%
14.95%
10.86%
Monthly Returns
The table below presents the monthly returns of TRPBX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.31% | 0.41% | -1.82% | -0.17% | 3.31% | 4.03% | |||||||
| 2024 | 0.09% | 2.78% | 2.53% | -2.52% | 3.01% | 0.93% | 1.68% | 1.86% | 1.28% | -1.77% | 2.96% | -2.78% | 10.24% |
| 2023 | 5.27% | -2.25% | 1.90% | 1.11% | -0.73% | 3.31% | 2.16% | -1.76% | -3.09% | -1.86% | 6.34% | 4.26% | 15.08% |
| 2022 | -4.04% | -2.26% | 0.36% | -6.48% | -0.30% | -5.42% | 4.76% | -2.94% | -6.81% | 2.93% | 5.41% | -2.86% | -17.10% |
| 2021 | -0.11% | 2.07% | 1.22% | 3.11% | 0.71% | 0.88% | 0.63% | 1.81% | -2.74% | 2.89% | -2.12% | 1.89% | 10.54% |
| 2020 | -0.08% | -4.15% | -10.97% | 7.77% | 3.89% | 2.59% | 4.30% | 3.48% | -1.83% | -0.44% | 7.37% | 3.17% | 14.44% |
| 2019 | 5.90% | 1.96% | 1.14% | 2.04% | -2.85% | 4.30% | 0.38% | -0.38% | 0.68% | 1.09% | 1.71% | 2.13% | 19.37% |
| 2018 | 3.74% | -2.40% | -0.66% | 0.21% | 0.50% | -0.21% | 1.49% | 0.49% | -0.12% | -4.82% | 1.37% | -3.84% | -4.46% |
| 2017 | 2.25% | 2.07% | 0.66% | 1.67% | 1.64% | 0.64% | 2.12% | 0.62% | 1.08% | 1.60% | 1.25% | 0.50% | 17.31% |
| 2016 | -3.92% | -0.20% | 5.14% | 0.95% | 0.61% | 0.12% | 3.16% | 0.50% | 0.68% | -1.13% | -0.09% | 1.14% | 6.91% |
| 2015 | -0.00% | 3.31% | -0.43% | 1.05% | 0.30% | -1.56% | 0.84% | -4.29% | -2.38% | 5.07% | -0.31% | -1.18% | 0.10% |
| 2014 | -1.61% | 3.58% | -0.47% | 0.17% | 2.28% | 1.39% | -1.08% | 2.02% | -2.23% | 1.49% | 1.13% | -1.12% | 5.51% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TRPBX is 70, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Spectrum Moderate Allocation Fund (TRPBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
T. Rowe Price Spectrum Moderate Allocation Fund provided a 2.54% dividend yield over the last twelve months, with an annual payout of $0.63 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.63 | $0.64 | $0.64 | $0.38 | $0.28 | $0.32 | $0.44 | $0.43 | $0.35 | $0.39 | $0.43 | $0.43 |
Dividend yield | 2.54% | 2.68% | 2.80% | 1.81% | 1.05% | 1.21% | 1.80% | 2.03% | 1.45% | 1.79% | 2.06% | 1.93% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Spectrum Moderate Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | |||||||
| 2024 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.28 | $0.64 |
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.31 | $0.64 |
| 2022 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.14 | $0.38 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.10 | $0.28 |
| 2020 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 | $0.32 |
| 2019 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 | $0.44 |
| 2018 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.12 | $0.43 |
| 2017 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.35 |
| 2016 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.39 |
| 2015 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.43 |
| 2014 | $0.10 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.43 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Spectrum Moderate Allocation Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price Spectrum Moderate Allocation Fund was 41.13%, occurring on Mar 9, 2009. Recovery took 407 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -41.13% | Nov 1, 2007 | 338 | Mar 9, 2009 | 407 | Oct 18, 2010 | 745 |
| -24.55% | Feb 20, 2020 | 23 | Mar 23, 2020 | 93 | Aug 4, 2020 | 116 |
| -23.21% | Nov 17, 2021 | 229 | Oct 14, 2022 | 397 | May 15, 2024 | 626 |
| -19.02% | Feb 2, 2001 | 419 | Oct 9, 2002 | 164 | Jun 5, 2003 | 583 |
| -14.92% | May 2, 2011 | 108 | Oct 3, 2011 | 88 | Feb 8, 2012 | 196 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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