Tax-Aware Blend — Balanced

Target AllocationTax-Aware BlendTax-aware

60% Equity / 38% Fixed Income · Tax-Aware Blend implementation · Last reviewed 2026-06-18

Ask T. Rowe Price
ActiveConstruction v11Jan 2016Jul 2026Benchmark: Municipal Blend Composite

AI insights

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

YTD return

+4.1%

Benchmark +3.8%

1 year

+6.8%

Excess 0.4 pts

Since inception

3.1%

Annualized

Net expense

0.30%

Weighted across 8 sleeves

Growth of a hypothetical investment

60% Equity / 38% Fixed Income vs Municipal Blend Composite

-7.9%+5.2%+18.3%+31.3%+44.4%201620182020202220242026
Model Benchmark

Jul 2026 Model +38.7% · Benchmark +31.3%

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

Calendar year returns

Model versus benchmark, by year

2017-0.8
2018+12.2
2019+6.7
2020-4.9
2021+9.9
2022-12.3
2023+9.4
2024+9.0
2025-0.3
2026+4.1
Model Benchmark

Best year 2018 (12.2%) · Weakest year 2022 (-12.3%)

Trailing returns

Annualized beyond one year

PeriodModelBenchExcess
1M+0.1%-0.1%+0.1%
3M-0.5%-0.7%+0.3%
YTD+4.1%+3.8%+0.3%
1Y+6.8%+6.4%+0.4%
3Y+5.1%+4.6%+0.4%
5Y+2.3%+1.6%+0.8%
Since inception+3.1%+2.6%+0.5%