T. Rowe Price Balanced Fund (RPBAX)
| Fund Assets | 5.16B |
| Expense Ratio | 0.60% |
| Min. Investment | $2,500 |
| Turnover | 39.20% |
| Dividend (ttm) | 1.91 |
| Dividend Yield | 6.54% |
| Dividend Growth | 8.26% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Dec 17, 2025 |
| Previous Close | 29.14 |
| YTD Return | 2.85% |
| 1-Year Return | 15.80% |
| 5-Year Return | 42.26% |
| 52-Week Low | 22.84 |
| 52-Week High | 29.37 |
| Beta (5Y) | 0.71 |
| Holdings | 1591 |
| Inception Date | Dec 31, 1939 |
About RPBAX
T. Rowe Price Balanced Fund is a mutual fund designed to provide a diversified approach to investing, aimed at achieving capital growth, current income, and preservation of capital. This fund typically holds a mix of approximately 65% equities—primarily U.S. and foreign common stocks—and 35% fixed income securities, including bonds and other investments. Its portfolio construction allows exposure to multiple sectors within both equity and fixed income markets, leading to a moderate risk and return profile appropriate for investors seeking a balanced allocation strategy. The fund emphasizes broad diversification, often holding over 1,500 individual positions, and frequently allocates at least a quarter of assets to senior fixed income securities. This balanced structure helps mitigate overall portfolio volatility while still pursuing growth opportunities through equities and stable income streams from bonds. Managed by seasoned professionals, the fund plays a significant role in the market by serving as a core holding for investors who desire a single-fund solution for both growth and income, adhering to a disciplined allocation between stocks and bonds for long-term financial objectives.
Performance
RPBAX had a total return of 15.80% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.83%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VGWLX | Vanguard | Vanguard Global Wellington Fund Investor Shares | 0.48% |
| VGSTX | Vanguard | Vanguard Star Fund Investor Shares | 0.30% |
| VASGX | Vanguard | Vanguard LifeStrategy Growth Fund Investor Shares | 0.14% |
| VWELX | Vanguard | Vanguard Wellington Fund Investor Shares | 0.25% |
| VSMGX | Vanguard | Vanguard LifeStrategy Moderate Growth Fund Investor Shares | 0.13% |
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| RBAIX | T. Rowe Price Balanced Fund-i Class | 0.47% |
Top 10 Holdings
24.04% of assets| Name | Symbol | Weight |
|---|---|---|
| T. Rowe Price Real Assets Fund I Class | PRIKX | 4.07% |
| T. Rowe Price Institutional High Yield Fund | TRHYX | 3.81% |
| NVIDIA Corporation | NVDA | 3.02% |
| T. Rowe Price Gov. Reserve | TRPGRIA | 2.98% |
| Microsoft Corporation | MSFT | 2.56% |
| Apple Inc. | AAPL | 2.16% |
| Amazon.com, Inc. | AMZN | 1.60% |
| Alphabet Inc. | GOOG | 1.51% |
| Broadcom Inc. | AVGO | 1.22% |
| Meta Platforms, Inc. | META | 1.12% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 17, 2025 | $1.6483 | Dec 18, 2025 |
| Sep 26, 2025 | $0.1263 | Sep 29, 2025 |
| Jun 26, 2025 | $0.1849 | Jun 27, 2025 |
| Mar 27, 2025 | $0.1121 | Mar 28, 2025 |
| Dec 18, 2024 | $1.5017 | Dec 19, 2024 |
| Sep 26, 2024 | $0.1229 | Sep 27, 2024 |