Tax-Aware Blend — Balanced Income

Target AllocationTax-Aware BlendTax-aware

40% Equity / 58% Fixed Income · Tax-Aware Blend implementation · Last reviewed 2026-05-17

Ask T. Rowe Price
ActiveConstruction v12Jan 2016Jul 2026Benchmark: Municipal Blend Composite

AI insights

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

YTD return

+0.5%

Benchmark +0.6%

1 year

+3.1%

Excess -0.0 pts

Since inception

2.9%

Annualized

Net expense

0.34%

Weighted across 8 sleeves

Growth of a hypothetical investment

40% Equity / 58% Fixed Income vs Municipal Blend Composite

-4.4%+6.9%+18.2%+29.4%+40.7%201620182020202220242026
Model Benchmark

Jul 2026 Model +35.9% · Benchmark +27.4%

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

Calendar year returns

Model versus benchmark, by year

2017+4.1
2018+6.6
2019+5.4
2020-2.2
2021+5.0
2022-7.8
2023+4.9
2024+5.5
2025+2.2
2026+0.5
Model Benchmark

Best year 2018 (6.6%) · Weakest year 2022 (-7.8%)

Trailing returns

Annualized beyond one year

PeriodModelBenchExcess
1M+0.2%+0.3%-0.1%
3M+0.2%+0.3%-0.1%
YTD+0.5%+0.6%-0.0%
1Y+3.1%+3.2%-0.0%
3Y+2.9%+2.6%+0.3%
5Y+1.1%+0.6%+0.6%
Since inception+2.9%+2.3%+0.6%