T. Rowe Price model portfolios
A new model for success
On average, financial professionals spend 43 days a year on investment management. Streamline the process with model portfolios. It’s all about pursuing better outcomes—starting with more time to grow your practice.
Stay updated on the latest allocation changes across our model portfolio suite with this quick video from our investments team.
An easier way to deliver professionally managed strategies
Wide-ranging solutions
Investment solutions to meet a variety of client goals supported by a leading multi-asset firm
Constructed for change
Multiple sources of potential value for navigating dynamic markets
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Our global team of investment professionals gets answers and uncovers opportunities for your clients.
Model portfolios
From building wealth to delivering income, address a wide variety of real-life client goals with our menu of model portfolios.
Risk-based series of models that seek to meet long-term objectives
- 9 Models
Target Allocation Active Series
Designed to help investors stay on track toward long-term goals with a diversified mix of stock and bond funds matched to different risk levels. Continuously evaluated for opportunities and risks, the portfolio can adapt as markets change.
- 9 Models
Target Allocation Blend Series
Designed for investors seeking a diversified mix of active and passive investments across a range of risk profiles. Seeks to balance return opportunities with efficient market exposure.
- 9 Models
Target Allocation Blend ETF Series
Created for investors pursuing long-term goals through a diversified portfolio that combines active insight with efficient market exposure. The ETF-based approach offers convenience, cost-effectiveness, and tax efficiency of ETFs.
- 7 Models
Target Allocation Tax-Aware Blend Series
Intended for investors in taxable accounts who are pursuing growth and income while keeping taxes in mind. Combines tax-efficient ETFs with municipal bond strategies that can provide federally tax-exempt income.
Component models that achieve targeted exposures
- 2 Models
Equity Completion Models
Designed to help investors add focused U.S. or international equity exposure. By combining multiple strategies, the models can help diversify equity exposure or fill gaps in portfolios.
Models designed to address specific objectives
- 2 Models
Income Models
Intended for investors seeking income while maintaining diversification across bonds and income-oriented stocks. Actively managed to respond to changing market and interest rate conditions while keeping the primary focus on income.
- 4 Models
Low Duration Models
Intended for clients to put shorter-term assets to work while focusing on liquidity, income, and managing downside risk. A range of options to align the portfolio with time horizon and risk tolerance.
We have collaborated with Goldman Sachs Asset Management—a well-established active investing firm with complementary strengths—to bring you a suite of dynamic model portfolio solutions. These actively managed portfolios pair institutional-level portfolio design from the Goldman Sachs Asset Management team trusted by some of the world’s leading institutions1 with our long track record of research-driven active management and performance at a competitive cost.2
Dynamic ETF Portfolio
Designed for clients who want adiversified, all-ETF portfolio with active oversight. Adjusts as market conditions change while providing a flexible, efficient way to invest across a range of asset classes.
Tax-Aware Dynamic ETF Portfolio
Intended for taxable investors who want the benefits of an actively managed portfolio while keeping taxes in mind. Uses ETFs to provide broad diversification while seeking to improve after-tax outcomes.
Dynamic Hybrid Portfolio
Intended for clients who value the flexibility of ETFs along with access to select actively managed mutual funds. Combines both investment vehicles to seek to provide diversification, active management, and an efficient way to pursue long-term goals.
Tax-Aware Dynamic Hybrid Portfolio
Designed for tax-conscious investors who want a diversified portfolio with taxes considered as part of the investment approach. Combines ETFs and mutual funds to provide access to active investment opportunities while seeking to improve after-tax results.
Dynamic High Net Worth Portfolio*
Constructed for high-net-worth clients looking for greater diversification and customization beyond traditional investments. Combines public-market investments with private alternatives and direct indexing to help address more complex wealth-management needs.
Dynamic ETF + Alts Portfolio
Designed for clients seeking broader diversification by combining traditional public-market investments with private market exposure. Brings ETFs and institutional-quality private investments together in one solution to expand the opportunity set.
*This model portfolio has not been launched yet, but is expected to launch during 2026. This presentation is delivered solely as reference material with respect to this model, an investment product that Goldman Sachs Asset Management may offer in the future.
Explore the individual models on the Goldman Sachs website.
Custom Model Portfolios
Scale your practice and take back your time.
Get a suite of tailor-made, open architecture model portfolios to meet the needs of your clients, from conservative to aggressive.
Strategic collaboration
Active investing to the
power of two
Goldman Sachs Asset Management and T. Rowe Price — two well-established firms in active investing — have collaborated to provide a suite of dynamic portfolio solutions.
The models leverage a combined, deliberate, and disciplined approach that seeks to balance risks, manage costs, and add value where active management works hardest.
Our multi-asset expertise is built in to every model
Your clients count on the highest level of investment management and client service. We bring our best multi-asset thinking from specialists around the globe to our model portfolios. You can be confident that you’re helping deliver the long-term results your clients deserve.
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35+ years
$650+ billion
As of 6/30/26
As models surge in popularity, knowledge is confidence
More models are being launched than ever before. Our resources can help ensure that you make the right choices for your clients.
Use models to build a more valuable practice
Model portfolios can help you reclaim capacity from repeatable investment tasks. Find insights, research, and tools for turning time saved into practice growth.
Why T. Rowe Price model portfolios?
An overview of our comprehensive range of model portfolios and the investment management process behind them.
Recent allocation changes: Catch up with this quick video
Take a closer look at the latest model portfolio allocation updates. Watch our investments team discuss the factors that are driving key changes.
Hi, I’m Som Priestley, with an update on our latest tactical rebalance.
We initiated a modest overweight to equities, adding to U.S. large-cap stocks and funding the move from core bonds and cash.
The decision reflects our confidence in the earnings backdrop as momentum broadens beyond the largest AI beneficiaries.
Equity markets have been broadly range-bound, but we have seen rotation beneath the surface, particularly in crowded areas such as semiconductors. We view this as a healthy reset, not a broader decline in fundamentals.
Economic growth remains resilient, the earnings outlook is favorable, and AI-related capital spending continues to provide support. Our research suggests the AI investment cycle is in a period of digestion, not a fundamental slowdown. Demand remains solid, and earnings growth is extending beyond areas tied to AI infrastructure, creating more opportunities for active management.
Although bond yields are attractive, our conviction in the sustainability and breadth of earnings growth tilts the risk-reward balance toward equities.
We are maintaining our overweights to U.S. small- and mid-cap stocks and emerging markets. We continue to expect participation to broaden across market capitalizations and selectively outside the U.S.
The bottom line: Strong fundamentals support our favorable view on equities, but volatility may continue.
We are watching earnings breadth, whether AI investment translates into stronger revenues, and how geopolitical tensions and supply constraints affect inflation, interest rates, and central bank policy.
Important Information
This material is being furnished for general and/or marketing purposes only. It does not give advice of any nature and is not a solicitation to buy or sell any securities. Seek independent legal, financial and tax advice before making any investment decision. This material is not intended to predict future events. Past performance is not a reliable indicator of future results.
Risk: All investments are subject to risk, including possible loss of principal. The model portfolios are subject to the risks of the underlying funds utilized in the model.
The Model Portfolios are not individualized to the needs of, nor are they specific to, any financial professional or client of the financial professional. Financial professionals are responsible for determining if the portfolios and the funds utilized in them are appropriate for their clients. T. Rowe Price does not have investment or trading discretion over any portfolios or accounts derived from this information.
Information and opinions presented have been obtained or derived from sources believed to be reliable and current. The views and data are those of the T. Rowe Price Model Portfolio Management Team as of July 27th, 2026 and are subject to change without notice; these views may differ from those of other T. Rowe Price group companies and/or associates.
The T. Rowe Price model portfolios, a nondiscretionary investment management program provided by T. Rowe Price Associates, Inc., adviser. T. Rowe Price Investment Services, Inc., distributor, T. Rowe Price funds. The T. Rowe Price group of companies, including its affiliates, receive revenue from T. Rowe Price investment products and services.
For definitions of financial terms, see www.troweprice.com/glossary.
© 2026 T. Rowe Price. All Rights Reserved. T. ROWE PRICE, INVEST WITH CONFIDENCE, the Bighorn Sheep design, and related indicators (see troweprice.com/ip) are trademarks of T. Rowe Price Group, Inc. All other trademarks are the property of their respective owners.
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1Goldman Sachs Asset Management, May 15, 2025
2Over 85% of active, non-money market T. Rowe Price funds (116 of 131) have a gross expense ratio below the average of all active funds in their Morningstar category. Data as of 12/31/25. Source: ©2026 Morningstar. Analysis by T. Rowe Price. Oldest share class used. Active funds are those funds classified as non-index funds in the Morningstar Direct database.
Consider the investment objectives, risks, and charges and expenses of the T. Rowe Price 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 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.
Goldman Sachs T. Rowe Price Portfolios: Goldman Sachs Asset Management, L.P. (“GSAM”) is collaborating with T. Rowe Price Associates, Inc. (“TRP”) to deliver co-branded model portfolios. TRP is not responsible for the services of, or the information provided by GSAM and the co-branding is not an endorsement, approval or support for, recommendation, or referral of one firm by the other. GSAM acts as the model provider and is responsible for non-discretionary asset allocation recommendations within the model portfolios using certain GSAM mutual funds and ETFs (“GSAM Funds”) selected and monitored by GSAM, and a certain minimum allocation to mutual funds and ETFs managed by TRP (“TRP Funds”). TRP does not advise or manage GSAM Funds. GSAM does not advise or manage TRP Funds. Allocation to GSAM Funds as well as TRP Funds in investment portfolios raises potential risks and conflicts of interest. GSAM and TRP are not affiliated companies. As part of the co-branded model portfolios, GSAM and TRP will share, or TRP will reimburse GSAM for certain costs related to the delivery and maintenance of such model portfolios.
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 funds utilized in the model. Stock prices can fall because of weakness in the broad market, a particular industry, or specific holdings. Fixed-income investments are subject to credit risk, liquidity risk, call risk, and interest-rate risk. As interest rates rise, bond prices generally fall. International, emerging market, mid-cap, and small-cap investments are subject to additional risks and volatility. Diversification does not assure a profit or protect against a loss in a declining market.
Municipal securities will be highly impacted by events tied to the overall municipal securities markets, which can be very volatile and significantly affected by unfavorable legislative or political developments and adverse changes in the financial conditions of municipal securities issuers and the economy. Some income may be subject to state and local taxes and the federal alternative minimum tax. Capital gains, if any, are generally taxable.
ETFs are bought and sold at market prices, not NAV. Investors generally incur the cost of the spread between the prices at which shares are bought and sold. Buying and selling shares may result in brokerage commissions which will reduce returns.
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