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 shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
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