Find an Asset Allocation Fund
Target Date Funds1A suite of diversified portfolios that correspond to a specific retirement date. Learn more about T. Rowe Price's target date funds.
Spectrum FundsConcentrate on growth, income, or international investments for broad diversification.
Personal Strategy FundsInvests in a predetermined mix of stocks, bonds, and short-term investments for a growth, an income, or a balanced approach.
An asset allocation mutual fund offers a complete investment portfolio in a single investment.
Our experienced investment managers relieve you of having to select investments and combine them in appropriate ways based on investment goals.
Asset allocation funds are generally inexpensive and simplify the task of monitoring your investments.
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 and Target Retirement Funds (collectively, the “target date funds”) is not guaranteed at any time, including at or after the target date, which is the approximate year an investor plans to retire (assumed to be age 65) and likely stop making new investments in the fund. If an investor plans to retire significantly earlier or later than age 65, the funds may not be an appropriate investment even if the investor is retiring on or near the target date. The target date funds’ allocations among a broad range of underlying T. Rowe Price stock and bond funds will change over time. The Retirement 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 on supporting an income stream over a long-term retirement withdrawal horizon. The Target Retirement Funds emphasize asset accumulation prior to retirement, balance the need for reduced market risk and income as retirement approaches, and focus on supporting an income stream over a moderate postretirement withdrawal horizon. The target date funds are not designed for a lump-sum redemption at the target date and do not guarantee a particular level of income. The key difference between the Retirement Funds and the Target Retirement Funds is the overall allocation to equity; although they each maintain significant allocations to equities both prior to and after the target date, the Retirement Funds maintain a higher equity allocation, which can result in greater volatility over shorter time horizons.
Diversification cannot assure a profit or protect against loss in a declining market.