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.

YTD return

+2.7%

Benchmark +2.3%

1 year

+6.2%

Excess 0.7 pts

Since inception

2.6%

Annualized

Net expense

0.27%

Weighted across 8 sleeves

Growth of a hypothetical investment

30% Equity / 68% Fixed Income vs Municipal Blend Composite

-4.6%+5.2%+15.1%+24.9%+34.7%201620182020202220242026
Model Benchmark

Jul 2026 Model +30.9% · Benchmark +25.4%

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

Calendar year returns

Model versus benchmark, by year

2017+5.0
2018+1.3
2019+4.3
2020+3.0
2021+5.3
2022-13.5
2023+6.1
2024+7.0
2025+2.2
2026+2.7
Model Benchmark

Best year 2024 (7.0%) · Weakest year 2022 (-13.5%)

Trailing returns

Annualized beyond one year

PeriodModelBenchExcess
1M+0.0%+0.1%-0.1%
3M+1.2%+1.2%-0.0%
YTD+2.7%+2.3%+0.3%
1Y+6.2%+5.4%+0.7%
3Y+4.4%+4.0%+0.5%
5Y+1.0%+0.6%+0.4%
Since inception+2.6%+2.2%+0.4%