Spectrum Conservative Allocation Fund

Invests in a diversified portfolio typically consisting of approximately 40% stocks, 55% bonds, money market securities, and cash reserves; and 5% alternative investments. The manager can rebalance the investment mix, within defined ranges, based on the economic outlook, interest rates, and financial markets. Effective October 1, 2016, Blackstone Partners Offshore Fund was added as an underlying investment of the T. Rowe Price Personal Strategy Income Fund.

Stock prices can fall because of weakness in the broad market, a particular industry, or specific holdings. The bonds in the fund are subject to interest rate, credit and liquidity risks.

Morningstar (Category)

Morningstar
(Overall Rating)1

Allocation--30% to 50% Equity
  (465 funds)

Data as of 12/31/2021

Data as of 12/31/2021

Fund Manager Tenure2

Net Assets3
(USD)

10yrs
$2.7b

Data as of 12/31/2021

Data as of 12/31/2021

Price
(USD)

Daily Price Change

$20.44
$-0.05

Data as of 01/26/2022

Data as of 01/26/2022

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...

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Strategy

Investment Objective

The fund seeks the highest total return over time consistent with a primary emphasis on income and a secondary emphasis on capital growth.

US Mutual Fund vendor indices disclaimers

Sectors

Total Sectors - Equity only
14

Data as of 12/31/2021

Benchmark: Russell 3000 Index

Largest - Equity only Information Technology 22.10% Was (11/30/2021) 22.34%
Other View complete

Over - Equity only

Materials
By 2.52%
Fund 4.96%
Benchmark 2.44%

Under - Equity only

Information Technology
By -6.18%
Fund 22.10%
Benchmark 28.28%

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
1

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2

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

3

Figure applies to all share classes.

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