Balanced Fund

Invests approximately 65% of total assets in U.S. and foreign common stocks and 35% in fixed-income securities. At least 25% of total assets will be invested in fixed-income senior securities.

Stock prices can fall because of weakness in the broad market, a particular industry, or specific holdings. Bonds may decline due to rising interest rates, a credit rating downgrade, or failure of the issuer to make timely payments of interest or principal. Foreign investments are subject to risks, including adverse political and economic developments overseas, greater volatility, less liquidity, and the possibility that foreign currencies will decline against the dollar.

Morningstar (Category)

(Overall Rating)1

Allocation--50% to 70% Equity
  (665 funds)

Data as of 12/31/2021

Data as of 12/31/2021

Fund Manager Tenure2

Net Assets3


Data as of 12/31/2021

Data as of 12/31/2021


Daily Price Change


Data as of 01/21/2022

Data as of 01/21/2022

Morningstar Ratings™ are based on risk-adjusted returns. Click on "Overall Rating" for the fund's 3-, 5-, and 10-year (if applicable) Morningstar Ratings™.

Charles M.  Shriver, CFA
Charles M. Shriver, CFA, Co-Portfolio Manager

Charles Shriver is the portfolio manager of the Global Allocation, Balanced, and Spectrum Funds, and he is cochair of the Asset Allocation Committee. Charles is a vice president of T. Rowe Pri...

Toby M. Thompson, CFA, CAIA
Toby M. Thompson, CFA, CAIA, Co-Portfolio Manager

Toby Thompson is a portfolio manager in the Multi-Asset Division. He is a co-portfolio manager of the Balanced Fund, Global Allocation Funds, Moderate Allocation Portfolio, Spectrum Funds, Act...

View more


Investment Objective

The fund seeks to provide capital growth, current income, and preservation of capital through a portfolio of stocks and fixed income securities.

US Mutual Fund vendor indices disclaimers


Total Sectors - Equity only

Data as of 12/31/2021

Benchmark: S&P 500 Index

Largest - Equity only Information Technology 22.82% Was (11/30/2021) 23.05%
Other View complete

Over - Equity only

By 2.83%
Fund 5.40%
Benchmark 2.56%

Under - Equity only

Information Technology
By -6.35%
Fund 22.82%
Benchmark 29.17%

Data as of 12/31/2021

For a complete list of the members of the fund's Investment Advisory Committee, please refer to the fund's prospectus.

View platform information

© 2021 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.


Number of years managing the fund.  In the case of co-portfolio management, the longer tenure is displayed.


Figure applies to all share classes.

Tap to dismiss