Sizing Up 2 Balanced Fund Picks at T. Rowe
T. Rowe Price Balanced offers cheaper, more-streamlined access to the company's proven allocation strategy, while Personal Strategy Balanced dips into more-specialized pockets of the market.
Leo Acheson: T. Rowe Price offers two funds with the world "balance" in their name, T. Rowe Price Balanced (RPBAX) and T. Rowe Price Personal Strategy Balanced (TRPBX). The funds are similar in that both invest in really strong underlying T. Rowe Price strategies that span stocks, bonds, and geographic regions. The funds also both leverage T. Rowe Price's proven and experienced asset-allocation group.
However, there are a few differences that are worth pointing out. Most notably, T. Rowe Price Balanced tends to be a simpler core option. It invests in broad asset classes, such as large caps, international stocks, core fixed income, and high-yield bonds, whereas Personal Strategy Balanced invests in those same asset classes but also has dedicated allocations to more-specialized pockets of the market, such as emerging-markets stocks and bonds, U.S. small caps, and international fixed income.
Leo Acheson does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
We’d like to share more about how we work and what drives our day-to-day business.
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.
How we use your information depends on the product and service that you use and your relationship with us. We may use it to:
To learn more about how we handle and protect your data, visit our privacy center.
Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.
To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.
Read our editorial policy to learn more about our process.