Target Allocation ETF — Balanced Income

Target AllocationTarget Allocation ETF

40% Equity / 58% Fixed Income · ETF implementation · Last reviewed 2026-06-18

Ask T. Rowe Price
ActiveConstruction v12Jan 2016Jul 2026Benchmark: Blended Global ETF Composite

AI insights

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

Track record

Cumulative return · simulated

-11.5%-5.5%+0.5%+6.5%+12.5%202120222023202420252026
Model Benchmark

Jul 2026 Model +9.6% · Benchmark +7.3%

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

Returns vs benchmark

Total return · Blended Global ETF Composite

PeriodModelBenchExcess
1M-0.6%-0.7%+0.1%
3M+1.4%+1.0%+0.4%
YTD+3.9%+3.2%+0.6%
1Y+5.4%+4.1%+1.2%
3Y+4.9%+4.3%+0.6%
5Y+1.8%+1.4%+0.4%
Since inception+3.7%+3.1%+0.5%

Periods longer than one year are annualized.

About this model

Mandate, construction rules, and review policy

Objective
Seeks broad market exposure and long-term total return using a fully ETF-implemented allocation.
Purpose
Low-cost strategic core
Characteristics
ETF implementationTaxable fixed income coreBalanced Income risk postureQuarterly rebalance review
Inception
2022-09-01
Net expense
0.27%
Estimated yield
2.66%
Turnover
32.5%

Asset class allocation

Across all sleeves · 9 holdings

  • Equity40.0%
  • Fixed income58.0%
  • Cash2.0%
View construction

Computed from the latest published sleeve weights.

Recent materials

Model Viewpoints, Trade Updates, and Factsheets

  • Trade Update — Target Allocation ETF — Balanced Income

    Trade Update · 2026-06-23

    PDF
  • Model Viewpoint — Target Allocation ETF — Balanced Income

    Model Viewpoint · 2026-05-22

    PDF
  • Factsheet — Target Allocation ETF — Balanced Income

    Factsheet · 2026-01-24

    PDF