Tax-Aware Blend — Moderate Growth

Target AllocationTax-Aware BlendTax-aware

80% Equity / 18% Fixed Income · Tax-Aware Blend implementation · Last reviewed 2026-02-11

Ask T. Rowe Price
ActiveConstruction v17Jan 2016Jul 2026Benchmark: Municipal Blend Composite

AI insights

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

Track record

Cumulative return · simulated

-14.1%-8.3%-2.5%+3.3%+9.1%202120222023202420252026
Model Benchmark

Jul 2026 Model +6.0% · Benchmark +3.2%

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

Returns vs benchmark

Total return · Municipal Blend Composite

PeriodModelBenchExcess
1M+0.4%+0.6%-0.2%
3M+0.2%+0.7%-0.4%
YTD+0.9%+1.4%-0.4%
1Y+4.7%+4.9%-0.2%
3Y+5.9%+5.3%+0.6%
5Y+1.2%+0.6%+0.5%
Since inception+3.8%+3.4%+0.4%

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 coreModerate Growth risk postureQuarterly rebalance review
Inception
2015-02-01
Net expense
0.32%
Estimated yield
1.62%
Turnover
16.1%

Asset class allocation

Across all sleeves · 8 holdings

  • Equity80.0%
  • Fixed income18.0%
  • Cash2.0%
View construction

Computed from the latest published sleeve weights.

Recent materials

Model Viewpoints, Trade Updates, and Factsheets

  • Factsheet — Tax-Aware Blend — Moderate Growth

    Factsheet · 2026-03-03

    PDF
  • Trade Update — Tax-Aware Blend — Moderate Growth

    Trade Update · 2026-02-02

    PDF
  • Model Viewpoint — Tax-Aware Blend — Moderate Growth

    Model Viewpoint · 2026-01-01

    PDF