Outcome Models

Income Models

These models are designed to help your clients generate income while actively managing risk through strategic portfolio design, active security selection, and tactical asset allocation.

Morningstar Analyst Rating™

Rating as of 3/2/2022

Stay current with the latest updates and commentary on our Income models.

These models can serve as standalone portfolios for investors with income-oriented objectives or as part of a larger portfolio to complement other strategies, including growth-focused allocations. For your other portfolio needs, view all models.

Strategic neutral weight allocations are shown above. Actual portfolio weights will vary with tactical asset allocation changes and market fluctuation. All allocation weights are subject to change without prior notice. For additional information about investment objectives and potential risks, see below.

Meet the experienced team behind our models.

Our Income models are managed by a team of multi-asset experts with your clients’ goals in mind. And every move is guided by our disciplined strategic investing approach so you can focus on other areas of your practice.

Our Target Allocation Active series is managed by a team of multi-asset experts with your clients’ goals in mind. And every move is guided by our disciplined strategic investing approach so you can focus on other areas of your practice.

Erin Garrett

Portfolio Manager

Som Priestley, CFA

Portfolio Manager and
Multi-Asset Solutions Strategist

Toby M. Thompson, CFA, CAIA

Portfolio Manager

Erin is a portfolio manager for T. Rowe Price model portfolios and an associate portfolio manager for the Target Allocation strategies. View full bio.

Som is a portfolio manager for T. Rowe Price model portfolios and a multi-asset solutions strategist in the Multi-Asset Division of T. Rowe Price. View full bio.

Toby is a portfolio manager for T. Rowe Price model portfolios. He is also a co-portfolio manager of the Balanced Fund, Global Allocation Funds, Moderate Allocation Portfolio, Spectrum Funds, and Managed Volatility Strategies. View full bio.

Erin Garrett

Portfolio Manager

Erin is a portfolio manager for T. Rowe Price model portfolios and an associate portfolio manager for the Target Allocation strategies. View full bio.

Som Priestley, CFA

Portfolio Manager and
Multi-Asset Solutions Strategist

Som is a portfolio manager for T. Rowe Price model portfolios and a multi-asset solutions strategist in the Multi-Asset Division of T. Rowe Price. View full bio.

Toby M. Thompson, CFA, CAIA

Portfolio Manager

Toby is a portfolio manager for T. Rowe Price model portfolios. He is also a co-portfolio manager of the Balanced Fund, Global Allocation Funds, Moderate Allocation Portfolio, Spectrum Funds, and Managed Volatility Strategies. View full bio.

Everything you need to know about our models

Stay informed and enhance your client conversations with updates and insights on our Income models.

Model Viewpoints

Get our experts’ perspective on the markets and any related positioning changes to our Income models.

Quarterly Reports

View the latest performance data and learn what’s behind the numbers—an essential tool for your client conversations.

Getting started: Choosing and using model portfolios

As models surge in popularity, it’s important to know how to effectively select and implement them. Our model portfolio tools and resources can show you how.

Portfolio Construction Solutions

Our Expertise. Your Investment Process.

Looking to create and optimize your own models?
We can help.

Getting started: Choosing and using model portfolios

As models surge in popularity, it’s important to know how to effectively select and implement them. Our model portfolio tools and resources can show you how.

Portfolio Construction Solutions

Our Expertise. Your Investment Process.

Looking to create and optimize your own models?
We can help.

Streamline your investment process today—contact us.

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Consider the investment objectives, risks, and charges and expenses of the T. Rowe Price mutual funds carefully before investing. For a prospectus or, if available, a summary prospectus containing this and other information, visit troweprice.com or contact your financial professional. Read it carefully.

The T. Rowe Price model portfolios are a nondiscretionary investment management program provided by T. Rowe Price Associates, Inc. T. Rowe Price mutual funds are distributed by T. Rowe Price Investment Services, Inc. T. Rowe Price Associates, Inc., and T. Rowe Price Investment Services, Inc., are affiliated companies. The T. Rowe Price group of companies, including its affiliates, receive revenue from T. Rowe Price investment products and services.

This material is provided for informational purposes only; it is not personalized investment advice, a recommendation concerning investments, investment strategies, or account types by T. Rowe Price Associates, Inc., or any of its affiliates (T. Rowe Price), and it is not intended to suggest that any particular investment action is appropriate for you, nor is it intended to serve as the primary basis for investment decision-making. T. Rowe Price’s role is limited to providing your financial professional with nondiscretionary investment advice in the form of model portfolios. The T. Rowe Price model portfolios are only available through financial professionals, and your financial professional is responsible for determining if these portfolios and the mutual funds utilized in them are appropriate for you. T. Rowe Price’s role is limited to providing your advisor with nondiscretionary investment advice in the form of model portfolios. The implementation of these model portfolios and any securities selected for your account is at the full discretion of your financial professional.

Risks: All investments are subject to risk, including possible loss of principal. The model portfolios are subject to the risks of the underlying mutual funds utilized in the model. Fixed income securities are subject to credit risk, liquidity risk, call risk, and interest rate risk. As interest rates rise, bond prices generally fall. International, mid-cap, and small-cap investing are subject to additional risks and volatility. These risks are generally greater for investments in emerging markets. Diversification does not assure a profit nor protect against a loss in a declining market.

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