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.

YTD return

+2.5%

Benchmark +2.3%

1 year

+5.8%

Excess 0.7 pts

Since inception

1.9%

Annualized

Net expense

0.38%

Weighted across 11 sleeves

Growth of a hypothetical investment

25% Equity / 67% Fixed Income vs Tactical Allocation Composite

-3.0%+4.8%+12.6%+20.3%+28.1%201620182020202220242026
Model Benchmark

Jul 2026 Model +22.0% · Benchmark +16.9%

Simulated results for illustration only. Past performance is not indicative of future results.

Calendar year returns

Model versus benchmark, by year

2017+6.9
2018+3.9
2019+5.5
2020-2.0
2021+2.8
2022-12.2
2023+6.3
2024+0.8
2025+1.5
2026+2.5
Model Benchmark

Best year 2017 (6.9%) · Weakest year 2022 (-12.2%)

Trailing returns

Annualized beyond one year

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%