Advertisement
Skip to Content

T. Rowe Price Spectrum Mod Gr Allc TRSGX Sustainability

| Analyst rating as of

Sustainability Analysis

Author Image

Sustainable Summary

T. Rowe Price Spectrum Mod Gr Allc Fd has a number of attributes that may meet the expectations of sustainability-focused investors, despite some issues worthy of attention.

T. Rowe Price Spectrum Mod Gr Allc Fd's holdings are exposed to average levels of ESG risk relative to those of its peers in the Aggressive Allocation category, thus earning it an average Morningstar Sustainability Rating of 3 globes. Competing funds in the category with ratings of 4 or 5 globes have less ESG risk in their holdings. Unlike impact, which measures positive environmental and societal outcomes attributable to an investment, ESG risk reflects the degree to which investments could be affected by material ESG issues like climate change and inequalities.

One key area of strength for T. Rowe Price Spectrum Mod Gr Allc Fd is its low Morningstar Portfolio Carbon Risk Score of 7.38 and low fossil fuel exposure of 6.61% over the past 12 months, which earns it the Morningstar Low Carbon Designation. The fund is therefore well positioned to transition to a low-carbon economy.

One potential issue for a sustainability-focused investor is that T. Rowe Price Spectrum Mod Gr Allc Fd doesn’t have an ESG-focused mandate. A fund with an ESG-focused mandate would have a higher probability to drive positive ESG outcomes. The fund has relatively high exposure (10.23%) to companies with high or severe controversies. From bribery and corruption to workplace discrimination and environmental incidents, controversies are incidents that may negatively affect stakeholders, the environment, or the company’s operations.

ESG Commitment Level Asset Manager

An ESG Commitment Level Asset Manager rating is not assigned to this investment.

Morningstar analysts award an ESG Commitment Level Asset Manager ratings to investments that also receive Morningstar Analyst Ratings. Not all investments currently have Asset Manager rating. Morningstar is expanding its coverage, prioritizing investments that are most relevant to investors.