Tax-Aware Blend — Growth

Target AllocationTax-Aware BlendTax-aware

70% Equity / 28% Fixed Income · Tax-Aware Blend implementation · Last reviewed 2026-01-10

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 — Growth.

Track record

Cumulative return · simulated

-16.2%-10.6%-5.1%+0.5%+6.1%202120222023202420252026
Model Benchmark

Jul 2026 Model +3.5% · Benchmark -0.1%

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

Returns vs benchmark

Total return · Municipal Blend Composite

PeriodModelBenchExcess
1M+1.0%+1.0%+0.1%
3M+1.1%+0.8%+0.3%
YTD-0.4%-0.7%+0.3%
1Y+1.1%+0.8%+0.3%
3Y+3.9%+3.4%+0.5%
5Y+0.7%-0.0%+0.7%
Since inception+3.2%+2.6%+0.6%

Periods longer than one year are annualized.

About this model

Mandate, construction rules, and review policy

Objective
Seeks after-tax total return by pairing municipal fixed income with tax-managed equity exposure.
Purpose
Taxable account core
Characteristics
Tax-Aware Blend implementationMunicipal fixed income coreGrowth risk postureQuarterly rebalance review
Inception
2014-01-01
Net expense
0.26%
Estimated yield
1.88%
Turnover
43.1%

Asset class allocation

Across all sleeves · 8 holdings

  • Equity70.0%
  • Fixed income28.0%
  • Cash2.0%
View construction

Computed from the latest published sleeve weights.

Recent materials

Model Viewpoints, Trade Updates, and Factsheets

  • Model Viewpoint — Tax-Aware Blend — Growth

    Model Viewpoint · 2026-06-25

    PDF
  • Factsheet — Tax-Aware Blend — Growth

    Factsheet · 2026-02-27

    PDF
  • Trade Update — Tax-Aware Blend — Growth

    Trade Update · 2026-01-26

    PDF