Asset Allocation Funds

Building a portfolio to meet an investment goal is easy if you select mutual funds that already combine a variety of investment types, such as U.S. and international stocks, bonds, and cash. T. Rowe Price's asset allocation funds provide complete portfolio solutions in a single low-cost, professionally managed investment.

Find an Asset Allocation Fund

Complete investment portfolio.

An asset allocation mutual fund offers a complete investment portfolio in a single investment.

Experienced investment management.

Our experienced investment managers relieve you of having to select investments and combine them in appropriate ways based on investment goals.

Simple and inexpensive.

Asset allocation funds are generally inexpensive and simplify the task of monitoring your investments.

Stay on track.

Regular rebalancing ensures that the portfolio stays on track, regardless of market activity.

*Funds are placed in general risk/return categories based on their 10-year standard deviation or, for newer funds, the standard deviation of the types of securities in which they invest. There is no assurance past trends will continue. As of December 2013.

1The principal value of the Retirement Funds is not guaranteed at any time, including at or after the target date, which is the approximate date when investors turn age 65. The funds invest in a broad range of underlying mutual funds that include stocks, bonds, and short-term investments and are subject to the risks of different areas of the market. The funds emphasize potential capital appreciation during the early phases of retirement asset accumulation, balance the need for appreciation with the need for income as retirement approaches, and focus more on income and principal stability during retirement. The funds maintain a substantial allocation to equities both prior to and after the target date, which can result in greater volatility.

Diversification cannot assure a profit or protect against loss in a declining market.