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.

YTD return

-0.4%

Benchmark -0.7%

1 year

+1.1%

Excess 0.3 pts

Since inception

3.2%

Annualized

Net expense

0.26%

Weighted across 8 sleeves

Growth of a hypothetical investment

70% Equity / 28% Fixed Income vs Municipal Blend Composite

-5.9%+7.0%+19.8%+32.6%+45.4%201620182020202220242026
Model Benchmark

Jul 2026 Model +39.9% · Benchmark +31.2%

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

Calendar year returns

Model versus benchmark, by year

2017+8.2
2018+6.5
2019+7.2
2020-1.5
2021+7.9
2022-15.7
2023+11.1
2024+3.9
2025+3.0
2026-0.4
Model Benchmark

Best year 2023 (11.1%) · Weakest year 2022 (-15.7%)

Trailing returns

Annualized beyond one year

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%