Target Allocation
Tax-Aware Blend Series
Composed of actively managed T. Rowe Price strategies alongside third-party passive ETFs, these models can help address long-term client needs for greater tax efficiency by combining tax-free income and leveraging highly tax-efficient vehicles.
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Model Viewpoints
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Get the benefits of active and passive in risk-based portfolios
A diversified mix of stock and municipal bond allocations for a range of investment objectives, our Target Allocation Tax-Aware Blend Series combines the value of active management, efficiency of passive, and tax advantage of municipal fixed income. These models feature strategic portfolio design, bottom-up fund selection, and tactical asset allocation by our Multi-Asset experts. For your other portfolio needs, view all models.
20% Equity
80% Fixed Income
Capital Appreciation Equity ETF
SPDR Portfolio S&P 500 ETF*
iShares Core MSCI EAFE ETF*
30% Equity
70% Fixed Income
iShares Core MSCI EAFE ETF*
40% Equity
60% Fixed Income
iShares Core MSCI EAFE ETF*
50% Equity
50% Fixed Income
iShares Core MSCI EAFE ETF*
60% Equity
40% Fixed Income
iShares Core MSCI EAFE ETF*
70% Equity
30% Fixed Income
iShares Core MSCI EAFE ETF*
80% Equity
20% Fixed Income
iShares Core MSCI EAFE ETF*
Strategic Allocation neutral weights 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. Depending on the market environment, additional strategies not shown above may be used as Tactical Allocations. For additional information about investment objectives and potential risks, see below.
*ETF is sourced from a third-party provider.
Meet your investment partners
Our Target Allocation Tax-Aware Blend Series is managed by a team of multi-asset experts with your clients’ goals in mind. Every move is guided by our disciplined active management approach so you can focus on other areas of your practice.
Erin Garrett is a co-portfolio manager for the Retirement Advisory Services, ActivePlus Portfolios, Target Allocation Active Series, Blend Series, Equity Building Block, Multi-Asset Income, Low Duration, and custom model portfolios. Erin also is cochair of the Model Portfolio Investment Advisory Committee and a member of the Multi-Asset Due Diligence Committee. She is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.
Som Priestley is head of Global Investment Solutions, America and a portfolio manager in the Multi-Asset Division. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.
Toby Thompson leads the Target Allocation Strategies in the Global Multi-Asset Division. He is a co-portfolio manager of the Balanced Fund, Global Allocation Fund and SICAVs, Spectrum Allocation Funds, Spectrum Diversified Equity Fund, Spectrum International Fund, Spectrum Income Fund, Multi-Asset Model Portfolios, and Small & Mid-Cap Core Trust. Toby is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.
Christina Kellar is a global investment solutions, solutions strategist and portfolio manager in the Multi-Asset Division. She is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.
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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.
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.
Active investing may have higher costs than passive investing and may underperform the broad market or passive peers with similar objectives. Passive investments seek to match the performance of their benchmark; therefore, holdings generally are not reallocated based on changes in market conditions. As a result, the investment's performance may lag the performance of actively managed investments.
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.
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