Retirement Income — Conservative Income

IncomeIncome Models

30% Equity / 66% Fixed Income · Hybrid implementation · Last reviewed 2026-05-11

Ask T. Rowe Price
ActiveConstruction v19Jan 2016Jul 2026Benchmark: Diversified Income Composite

AI insights

Generate a briefing on positioning, performance, and risk for Retirement Income — Conservative Income.

Track record

Cumulative return · simulated

-13.8%-9.3%-4.8%-0.3%+4.2%202120222023202420252026
Model Benchmark

Jul 2026 Model -0.1% · Benchmark -2.7%

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

Returns vs benchmark

Total return · Diversified Income Composite

PeriodModelBenchExcess
1M-0.3%-0.4%+0.1%
3M-0.0%-0.2%+0.2%
YTD+2.3%+1.8%+0.5%
1Y+4.1%+3.3%+0.8%
3Y+2.3%+1.9%+0.4%
5Y-0.0%-0.5%+0.5%
Since inception+2.1%+1.6%+0.6%

Periods longer than one year are annualized.

About this model

Mandate, construction rules, and review policy

Objective
Seeks a durable income stream with moderated drawdown for investors in or near the distribution phase.
Purpose
Retirement distribution
Characteristics
Hybrid implementationTaxable fixed income coreConservative Income risk postureQuarterly rebalance review
Inception
2015-02-01
Net expense
0.34%
Estimated yield
2.92%
Turnover
24.0%

Asset class allocation

Across all sleeves · 9 holdings

  • Equity30.0%
  • Fixed income66.0%
  • Cash4.0%
View construction

Computed from the latest published sleeve weights.

Recent materials

Model Viewpoints, Trade Updates, and Factsheets

  • Factsheet — Retirement Income — Conservative Income

    Factsheet · 2026-06-03

    PDF
  • Trade Update — Retirement Income — Conservative Income

    Trade Update · 2026-05-02

    PDF
  • Model Viewpoint — Retirement Income — Conservative Income

    Model Viewpoint · 2026-04-01

    PDF