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.

YTD return

+0.9%

Benchmark +1.4%

1 year

+4.7%

Excess -0.2 pts

Since inception

3.8%

Annualized

Net expense

0.32%

Weighted across 8 sleeves

Growth of a hypothetical investment

80% Equity / 18% Fixed Income vs Municipal Blend Composite

-6.8%+8.8%+24.4%+40.0%+55.6%201620182020202220242026
Model Benchmark

Jul 2026 Model +48.4% · Benchmark +43.2%

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

Calendar year returns

Model versus benchmark, by year

2017+8.0
2018+9.5
2019+8.8
2020-0.6
2021+5.2
2022-14.5
2023+2.0
2024+10.1
2025+5.6
2026+0.9
Model Benchmark

Best year 2024 (10.1%) · Weakest year 2022 (-14.5%)

Trailing returns

Annualized beyond one year

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%