Dynamic Allocation — Defensive

DynamicDynamic Allocation

25% Equity / 67% Fixed Income · Blend ETF implementation · Last reviewed 2026-04-13

Ask T. Rowe Price
ActiveConstruction v17Jan 2016Jul 2026Benchmark: Tactical Allocation Composite

AI insights

Generate a briefing on positioning, performance, and risk for Dynamic Allocation — Defensive.

Track record

Cumulative return · simulated

-14.1%-9.9%-5.6%-1.4%+2.8%202120222023202420252026
Model Benchmark

Jul 2026 Model -1.8% · Benchmark -3.9%

Past performance is not indicative of future results. Figures are simulated for prototype purposes.

Returns vs benchmark

Total return · Tactical Allocation Composite

PeriodModelBenchExcess
1M-0.3%-0.2%-0.1%
3M-0.5%-0.6%+0.0%
YTD+2.5%+2.3%+0.2%
1Y+5.8%+5.1%+0.7%
3Y+2.3%+1.7%+0.6%
5Y-0.4%-0.8%+0.4%
Since inception+1.9%+1.5%+0.4%

Periods longer than one year are annualized.

About this model

Mandate, construction rules, and review policy

Objective
Seeks to add value over a strategic benchmark through tactical shifts across asset classes and sub-sectors.
Purpose
Tactically managed core
Characteristics
Blend ETF implementationTaxable fixed income coreDefensive risk postureQuarterly rebalance review
Inception
2017-04-01
Net expense
0.38%
Estimated yield
3.05%
Turnover
39.7%

Asset class allocation

Across all sleeves · 11 holdings

  • Equity25.0%
  • Fixed income67.0%
  • Alternatives5.0%
  • Cash3.0%
View construction

Computed from the latest published sleeve weights.

Recent materials

Model Viewpoints, Trade Updates, and Factsheets

  • Factsheet — Dynamic Allocation — Defensive

    Factsheet · 2026-05-09

    PDF
  • Trade Update — Dynamic Allocation — Defensive

    Trade Update · 2026-04-08

    PDF
  • Model Viewpoint — Dynamic Allocation — Defensive

    Model Viewpoint · 2026-03-07

    PDF