T. Rowe Price Global Allocation Fund (RPGAX)

Fund Assets	858.75M
Expense Ratio	1.01%
Min. Investment	$500,000
Turnover	39.00%
Dividend (ttm)	1.12
Dividend Yield	6.44%
Dividend Growth	44.09%
Payout Frequency	Annual
Ex-Dividend Date	Dec 17, 2025

Previous Close	17.55
YTD Return	9.83%
1-Year Return	14.84%
5-Year Return	35.19%
52-Week Low	15.62
52-Week High	17.59
Beta (5Y)	0.59
Holdings	1957
Inception Date	May 28, 2013

About RPGAX

The T. Rowe Price Global Allocation Fund is a globally diversified mutual fund designed to seek both long-term capital appreciation and income. It utilizes a flexible multi-asset allocation strategy, typically investing about 60% of its portfolio in equities, 30% in global fixed income—spanning both investment-grade and below-investment-grade securities—and 10% in alternative investments. The fund's equity exposure is balanced between U.S. and international stocks, ensuring regional diversity and access to growth opportunities across a wide range of markets. This fund employs active management, allowing its investment team to tactically shift allocations based on comprehensive assessments of global economic and market conditions. Its holdings span developed and emerging markets, and the portfolio includes exposure to sectors such as technology, financials, and alternative strategies that may include hedge funds and real assets. The fund leverages T. Rowe Price’s robust global research platform for fundamental security selection and portfolio construction. Positioned as a core holding within a diversified investment strategy, the T. Rowe Price Global Allocation Fund aims to balance risk and return by accessing multiple asset classes and regions, making it suitable for investors seeking a single solution for global asset allocation within the moderate allocation category.

• Fund Family: T. Rowe Price
• Category: Flexible Portfolio
• Performance Rating: Above Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: RPGAX
• Index: Index is not available on Lipper Database

Performance

RPGAX had a total return of 14.84% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.21%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
TGAFX	-i Class	0.82%
PAFGX	-advisor Class	1.24%

Top 10 Holdings

35.99% of assets

Name	Symbol	Weight
Blackstone Partners Offshore Fund	n/a	7.83%
T. Rowe Price Integrated US SMCC Eq I	TQSIX	6.77%
T. Rowe Price Emerging Markets Bond I	PRXIX	4.16%
T. Rowe Price International Bond I	RPISX	3.45%
T. Rowe Price Gov. Reserve	TRPGRIA	2.69%
T. Rowe Price Emerg Mkts Lcl Ccy Bd I	TEIMX	2.59%
T. Rowe Price Instl High Yield	TRHYX	2.26%
NVIDIA Corporation	NVDA	2.26%
Cash Offsets For Shorts & Derivatives	n/a	2.07%
T. Rowe Price Dynamic Global Bond I	RPEIX	1.90%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 17, 2025	$1.1223	Dec 18, 2025
Dec 18, 2024	$0.7789	Dec 19, 2024
Dec 19, 2023	$0.3557	Dec 20, 2023
Dec 19, 2022	$0.4054	Dec 20, 2022
Dec 16, 2021	$1.170	Dec 17, 2021
Dec 16, 2020	$0.160	Dec 17, 2020

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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