Target Allocation Blend — Balanced Income

Target AllocationTarget Allocation Blend

40% Equity / 58% Fixed Income · Blend implementation · Last reviewed 2026-05-11

Ask T. Rowe Price
ActiveConstruction v14Jan 2016Jul 2026Benchmark: Blended Global 60/40 Index

AI insights

Generate a briefing on positioning, performance, and risk for Target Allocation Blend — Balanced Income.

Volatility

5.2%

Annualized standard deviation

Max drawdown

-17.5%

Peak to trough

Sharpe ratio

-0.08

2.4% risk-free rate

Equity exposure

40%

Strategic target

Risk statistics

Model versus benchmark, since inception

MeasureModelBench

Annualized return

Since inception, net of fund fees

2.0%1.4%

Standard deviation

Annualized volatility of monthly returns

5.2%5.2%

Sharpe ratio

Assumes a 2.4% risk-free rate

-0.08-0.19

Max drawdown

Largest peak-to-trough decline

-17.5%-17.7%

Beta vs benchmark

Sensitivity to benchmark movements

0.921.00

Tracking error

Dispersion of excess return

1.2%0.0%

Historical drawdowns

How the model behaved through stress periods

  • COVID-19 selloff

    Jan 2020Mar 2020

    -15.6%

    Benchmark -16.4% · Model outperformed by 0.8 pts

  • 2022 rate shock

    Jan 2022Oct 2022

    -12.8%

    Benchmark -13.8% · Model outperformed by 1.0 pts

  • 2025 growth scare

    Feb 2025May 2025

    -5.8%

    Benchmark -6.4% · Model outperformed by 0.6 pts

Simulated stress results for illustration only.