Tax-Aware Blend — Moderately Conservative

Target AllocationTax-Aware BlendTax-aware

30% Equity / 68% Fixed Income · Tax-Aware Blend implementation · Last reviewed 2026-04-16

Ask T. Rowe Price
ActiveConstruction v18Jan 2016Jul 2026Benchmark: Municipal Blend Composite

AI insights

Generate a briefing on positioning, performance, and risk for Tax-Aware Blend — Moderately Conservative.

Target allocation

Strategic weights at the asset class level

  • 30.0% Equity
  • 67.9% Fixed Income
  • 2.0% Cash

Construction rules

Tax-Aware Blend · Tax-Aware Blend

  • Rebalance policy

    Reviewed quarterly by the Asset Allocation Committee, with drift bands of ±3% at the asset class level and ±1.5% at the sleeve level.

  • Implementation

    Active strategies paired with index building blocks to balance conviction and cost.

  • Tax treatment

    Municipal fixed income core with tax-managed equity sleeves for taxable accounts.

  • Minimum

    $25,000 recommended account minimum for full replication.

Construction v18 · Last reviewed 2026-04-16

Sleeve weights

Underlying strategies and target weights

  • US Large-Cap Growth8.2%
  • US Large-Cap Value7.4%
  • US Equity Index8.7%
  • Small-Mid Cap Core5.7%
  • Intermediate Tax-Free Bond24.2%
  • Short-Term Municipal20.2%
  • Municipal Credit Opportunities23.5%
  • Government Money Market2.0%

Weights are targets and will drift with market movement between rebalances.