T. Rowe Price Balanced Fund (RPBAX) Fund Details & Analysis

Fund Information

Fund Category Allocation--50% to 70% Equity

Fund Family T. Rowe Price

Fund Style Large Blend

ISIN US77954G1085

CUSIP 77954G108

Inception Date 1939-12-29

Domicile United States

Country USA

Fiscal Year End December

NAV Chart

Fund Metrics

Net Assets $5.07 Billion

Share Class Net Assets $2.66 Billion

Expense Ratio 0.60%

Expense Ratio Date 2025-03-01

Dividend Yield 0.02%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 1.83%

1-Year Return 16.97%

3-Year Return 14.34%

5-Year Return 7.76%

NAV $28.94

Previous Close Price $28.88

Last Update 2025-12-31

Dividend Information

Dividend Yield 0.02%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About T. Rowe Price Balanced Fund

The fund normally invests approximately 65% of its net assets in stocks and 35% of its net assets in fixed income securities, although the amount may vary based on market conditions. The fund invests at least 25% of its net assets in fixed income senior securities and may invest up to 35% of its net assets in foreign securities.

Detailed Metrics

Market Cap Distribution

AverageMarketCap 217897.16%

Giant 29.16%

Large 20.30%

Medium 11.55%

Micro 0.11%

Small 1.62%

Value & Growth Metrics

Book-Value Growth % 7.39%

Cash-Flow Growth % 7.24%

Dividend Yield % 1.72%

Historical Earnings % 7.76%

Long-Term Earnings % 10.18%

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	31.46%	31.52%	0.06%	42.35%	35.37%
Cash	3.14%	3.19%	0.05%	12.77%	0.00%
Non US Stock	21.52%	21.55%	0.03%	8.75%	8.03%
Not Classified	0.15%	0.15%	0.00%	0.66%	0.00%
Other	0.35%	0.35%	0.00%	8.25%	4.52%
US Stock	43.37%	43.40%	0.02%	53.77%	52.06%

Top Holdings

Name	Weight	Owned	Change
T ROWE PR INST HI YLD-INST	3.78%	-	-
T ROWE PRICE REAL ASSETS FUND INC	4.68%	-	-
MICROSOFT CORP	2.92%	-	-
NVIDIA CORP	3.26%	-	-
APPLE INC	2.15%	-	-
AMAZON.COM INC	1.59%	-	-
T. Rowe Price Treasury Reserve Fund	2.68%	-	-
ALPHABET INC	1.20%	-	-
META PLATFORMS INC	1.29%	-	-
ELI LILLY CO	0.82%	-	-
T. Rowe Price Government Reserve Fund - Collateral	1.24%	-	-
BROADCOM INC	1.22%	-	-

See the full breakdown of RPBAX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	2.25%	15.88%	9.13%	0.01%
Bond Sector	Corporate	2.25%	19.62%	30.99%	27.47%
Bond Sector	Derivative	2.25%	6.52%	0.06%	0.00%
Bond Sector	Government	2.25%	40.60%	29.30%	49.10%
Bond Sector	Municipal	2.25%	0.16%	1.67%	0.03%
Bond Sector	Securitized	2.25%	17.23%	28.85%	23.39%
Cyclical	Basic Materials	4.38%	2.83%	0.00%	2.56%
Cyclical	Consumer Cyclical	10.36%	10.42%	0.00%	10.55%
Cyclical	Financial Services	15.63%	15.67%	0.00%	14.67%
Cyclical	Real Estate	4.17%	1.76%	0.00%	2.24%
Defensive	Consumer Defensive	4.65%	4.96%	0.00%	4.70%
Defensive	Healthcare	9.64%	10.74%	0.00%	9.66%
Defensive	Utilities	2.25%	3.08%	0.00%	2.34%
Sensitive	Communication Services	8.05%	9.41%	0.00%	9.67%
Sensitive	Energy	4.72%	3.23%	0.00%	3.05%
Sensitive	Industrials	10.92%	9.83%	0.00%	9.66%
Sensitive	Technology	25.23%	28.07%	0.00%	30.89%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	0.33%	0.17%	0.29%
Americas	North America	87.25%	69.18%	87.95%
Greater Asia	Asia Developed	1.82%	2.09%	0.94%
Greater Asia	Asia Emerging	1.03%	0.83%	0.95%
Greater Asia	Australasia	0.42%	1.26%	0.70%
Greater Asia	Japan	1.84%	6.35%	2.46%
Greater Europe	Africa/Middle East	0.25%	0.26%	0.29%
Greater Europe	Europe Developed	5.12%	14.88%	4.93%
Greater Europe	Europe Emerging	0.06%	0.00%	0.08%
Greater Europe	United Kingdom	1.88%	4.98%	1.42%

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-12-18	$0.171	$0.171	USD	-	-	-	-
2024-09-26	$0.123	$0.123	USD	-	2024-09-25	2024-09-27	Quarterly
2024-06-26	$0.172	$0.172	USD	-	2024-06-25	2024-06-27	Quarterly
2024-03-26	$0.117	$0.117	USD	-	2024-03-25	2024-03-27	Quarterly
2023-12-19	$0.146	$0.146	USD	-	2023-12-18	2023-12-20	Quarterly
2023-09-27	$0.109	$0.109	USD	-	2023-09-26	2023-09-28	Quarterly
2023-06-28	$0.155	$0.155	USD	-	2023-06-27	2023-06-29	Quarterly
2023-03-29	$0.108	$0.108	USD	-	2023-03-28	2023-03-30	Quarterly
2022-12-19	$0.132	$0.132	USD	2022-12-19	2022-12-16	2022-12-20	Quarterly
2022-09-28	$0.099	$0.099	USD	2022-09-28	2022-09-27	2022-09-29	Quarterly
2022-06-28	$0.140	$0.140	USD	-	2022-06-27	2022-06-29	Quarterly
2022-03-29	$0.070	$0.070	USD	-	2022-03-28	2022-03-30	Quarterly
2021-12-13	$0.110	$0.110	USD	2021-12-10	2021-12-10	2021-12-14	Quarterly
2021-09-28	$0.080	$0.080	USD	2021-09-27	2021-09-27	2021-09-29	Quarterly
2021-06-28	$0.120	$0.120	USD	2021-06-25	2021-06-25	2021-06-29	Quarterly
2021-03-29	$0.070	$0.070	USD	2021-03-26	2021-03-26	2021-03-30	Quarterly
2020-12-11	$0.110	$0.110	USD	2020-12-10	2020-12-10	2020-12-14	Quarterly
2020-09-28	$0.090	$0.090	USD	2020-09-25	2020-09-25	2020-09-29	Quarterly
2020-06-26	$0.110	$0.110	USD	2020-06-25	2020-06-25	2020-06-29	Quarterly
2020-03-27	$0.100	$0.100	USD	2020-03-26	2020-03-26	2020-03-30	Quarterly
2019-12-12	$0.120	$0.120	USD	2019-12-11	2019-12-11	2019-12-13	Quarterly
2019-09-26	$0.100	$0.100	USD	2019-09-25	2019-09-25	2019-09-27	Quarterly
2019-06-26	$0.150	$0.150	USD	2019-06-25	2019-06-25	2019-06-27	Quarterly
2019-03-27	$0.130	$0.130	USD	2019-03-26	2019-03-26	2019-03-28	Quarterly
2018-12-12	$0.130	$0.130	USD	2018-12-11	2018-12-11	2018-12-13	Other
2018-09-26	$0.110	$0.110	USD	2018-09-25	2018-09-25	2018-09-27	Quarterly
2018-06-27	$0.160	$0.160	USD	2018-06-26	2018-06-26	2018-06-28	Quarterly
2018-03-27	$0.100	$0.100	USD	2018-03-26	2018-03-26	2018-03-28	Quarterly
2017-12-13	$0.110	$0.110	USD	2017-12-12	2017-12-12	2017-12-14	Other
2017-09-27	$0.100	$0.100	USD	2017-09-26	2017-09-26	2017-09-28	Quarterly
2017-06-28	$0.140	$0.140	USD	2017-06-27	2017-06-27	2017-06-29	Quarterly
2017-03-29	$0.090	$0.090	USD	2017-03-28	2017-03-28	2017-03-30	Quarterly
2016-12-13	$0.120	$0.120	USD	2016-12-12	2016-12-12	2016-12-14	Other
2016-09-28	$0.090	$0.090	USD	2016-09-27	2016-09-27	2016-09-29	Quarterly
2016-06-28	$0.140	$0.140	USD	2016-06-27	2016-06-27	2016-06-29	Quarterly
2016-03-29	$0.090	$0.090	USD	2016-03-28	2016-03-28	2016-03-30	Quarterly
2015-12-11	$0.110	$0.110	USD	2015-12-10	2015-12-10	2015-12-14	Other
2015-09-28	$0.090	$0.090	USD	2015-09-25	2015-09-25	2015-09-29	Quarterly
2015-06-26	$0.140	$0.140	USD	2015-06-25	2015-06-25	2015-06-29	Quarterly
2015-03-27	$0.130	$0.130	USD	2015-03-26	2015-03-26	2015-03-30	Quarterly
2014-12-11	$0.100	$0.100	USD	2014-12-10	2014-12-10	2014-12-12	Other
2014-09-26	$0.090	$0.090	USD	2014-09-25	2014-09-25	2014-09-29	Quarterly
2014-06-26	$0.150	$0.150	USD	2014-06-25	2014-06-25	2014-06-27	Quarterly
2014-03-27	$0.140	$0.140	USD	2014-03-26	2014-03-26	2014-03-28	Quarterly
2013-12-12	$0.110	$0.110	USD	2013-12-11	2013-12-11	2013-12-13	Other
2013-09-26	$0.080	$0.080	USD	2013-09-25	2013-09-25	2013-09-27	Quarterly
2013-06-26	$0.140	$0.140	USD	2013-06-25	2013-06-25	2013-06-27	Quarterly
2013-03-26	$0.080	$0.080	USD	2013-03-25	2013-03-25	2013-03-27	Quarterly
2012-12-13	$0.130	$0.130	USD	2012-12-12	2012-12-12	2012-12-14	Other
2012-09-26	$0.100	$0.100	USD	-	2012-09-25	2012-09-27	Quarterly
2012-06-27	$0.140	$0.140	USD	-	2012-06-26	2012-06-28	Quarterly
2012-03-28	$0.090	$0.090	USD	-	2012-03-27	2012-03-29	Quarterly
2011-12-13	$0.110	$0.110	USD	-	2011-12-12	2011-12-14	Other
2011-09-28	$0.100	$0.100	USD	-	2011-09-27	2011-09-29	Quarterly
2011-06-28	$0.130	$0.130	USD	-	2011-06-27	2011-06-29	Quarterly
2011-03-29	$0.080	$0.080	USD	-	2011-03-28	2011-03-30	Quarterly
2010-12-13	$0.105	$0.105	USD	-	2010-12-10	2010-12-14	Quarterly
2010-09-28	$0.120	$0.120	USD	-	2010-09-27	2010-09-29	Quarterly
2010-06-28	$0.110	$0.110	USD	-	2010-06-25	2010-06-29	Quarterly
2010-03-29	$0.090	$0.090	USD	-	2010-03-26	2010-03-30	Quarterly
2009-12-11	$0.105	$0.105	USD	-	2009-12-10	2009-12-14	Quarterly
2009-09-28	$0.080	$0.080	USD	-	2009-09-25	2009-09-29	Quarterly
2009-06-26	$0.120	$0.120	USD	-	2009-06-25	2009-06-29	Quarterly
2009-03-27	$0.100	$0.100	USD	-	2009-03-26	2009-03-30	Quarterly
2008-12-12	$0.340	$0.340	USD	-	2008-12-11	2008-12-15	Other
2008-12-11	$0.110	$0.110	USD	-	-	-	-
2008-09-26	$0.110	$0.110	USD	-	2008-09-25	2008-09-29	Quarterly
2008-06-26	$0.150	$0.150	USD	-	2008-06-25	2008-06-27	Quarterly
2008-03-27	$0.120	$0.120	USD	-	2008-03-26	2008-03-28	Other
2007-12-18	$0.150	$0.150	USD	-	2007-12-17	2007-12-19	Other
2007-09-26	$0.140	$0.140	USD	-	2007-09-25	2007-09-27	Quarterly
2007-06-27	$0.170	$0.170	USD	-	2007-06-26	2007-06-28	Quarterly
2007-03-28	$0.140	$0.140	USD	-	2007-03-27	2007-03-29	Other
2006-12-19	$0.130	$0.130	USD	-	2006-12-18	2006-12-20	Other
2006-09-27	$0.140	$0.140	USD	-	2006-09-26	2006-09-28	Quarterly
2006-06-28	$0.140	$0.140	USD	-	2006-06-27	2006-06-29	Quarterly
2006-03-29	$0.120	$0.120	USD	-	2006-03-28	2006-03-30	Other
2005-12-13	$0.120	$0.120	USD	-	2005-12-12	2005-12-14	Other
2005-09-28	$0.110	$0.110	USD	-	2005-09-27	2005-09-29	Quarterly
2005-06-28	$0.140	$0.140	USD	-	2005-06-27	2005-06-29	Quarterly
2005-03-29	$0.120	$0.120	USD	-	2005-03-28	2005-03-30	Other
2004-12-14	$0.130	$0.130	USD	-	2004-12-13	2004-12-15	Other
2004-09-28	$0.110	$0.110	USD	-	2004-09-27	2004-09-29	Quarterly
2004-06-28	$0.110	$0.110	USD	-	2004-06-25	2004-06-29	Quarterly
2004-03-29	$0.110	$0.110	USD	-	2004-03-26	2004-03-30	Quarterly
2003-12-17	$0.100	$0.100	USD	-	2003-12-16	2003-12-18	Quarterly
2003-09-26	$0.110	$0.110	USD	-	2003-09-25	2003-09-29	Quarterly
2003-06-26	$0.110	$0.110	USD	-	2003-06-25	2003-06-27	Quarterly
2003-03-27	$0.100	$0.100	USD	-	2003-03-26	2003-03-28	Quarterly
2002-12-18	$0.100	$0.100	USD	-	2002-12-17	2002-12-19	Quarterly
2002-09-26	$0.120	$0.120	USD	-	2002-09-25	2002-09-27	Quarterly
2002-06-26	$0.130	$0.130	USD	-	2002-06-25	2002-06-27	Quarterly
2002-03-26	$0.120	$0.120	USD	-	2002-03-25	2002-03-27	Other
2001-12-12	$0.120	$0.120	USD	-	2001-12-11	2001-12-13	Quarterly
2001-09-26	$0.130	$0.130	USD	-	2001-09-25	2001-09-27	Quarterly
2001-06-27	$0.130	$0.130	USD	-	2001-06-26	2001-06-28	Quarterly
2001-03-28	$0.140	$0.140	USD	-	2001-03-27	2001-03-29	Other
2000-12-13	$0.130	$0.130	USD	-	2000-12-12	2000-12-14	Other
2000-09-27	$0.140	$0.140	USD	-	2000-09-26	2000-09-28	Quarterly
2000-06-28	$0.130	$0.130	USD	-	2000-06-27	2000-06-29	Quarterly
2000-03-29	$0.130	$0.130	USD	-	2000-03-28	2000-03-30	Other
1999-12-15	$0.140	$0.140	USD	-	1999-12-14	1999-12-16	Other
1999-09-28	$0.130	$0.130	USD	-	1999-09-27	1999-09-29	Quarterly
1999-06-28	$0.140	$0.140	USD	-	1999-06-25	1999-06-29	Quarterly
1999-03-29	$0.130	$0.130	USD	-	1999-03-26	1999-03-30	Quarterly
1998-12-29	$0.130	$0.130	USD	-	1998-12-28	1998-12-30	Quarterly
1998-09-28	$0.130	$0.130	USD	-	1998-09-25	1998-09-29	Quarterly
1998-06-26	$0.140	$0.140	USD	-	1998-06-25	1998-06-29	Quarterly
1998-03-27	$0.120	$0.120	USD	-	1998-03-26	1998-03-30	Other
1997-12-29	$0.140	$0.140	USD	-	1997-12-26	1997-12-29	Other
1997-09-26	$0.130	$0.130	USD	-	1997-09-25	1997-09-29	Quarterly
1997-06-26	$0.140	$0.140	USD	-	1997-06-25	1997-07-01	Quarterly
1997-03-26	$0.120	$0.120	USD	-	1997-03-25	1997-03-27	Quarterly
1996-12-27	$0.120	$0.120	USD	-	1996-12-26	1996-12-30	Quarterly
1996-09-26	$0.120	$0.120	USD	-	1996-09-25	1996-09-27	Quarterly
1996-06-26	$0.140	$0.140	USD	-	1996-06-25	1996-06-27	Quarterly
1996-03-27	$0.120	$0.120	USD	-	1996-03-26	1996-03-28	Other
1995-12-27	$0.110	$0.110	USD	-	1995-12-26	1995-12-28	Other
1995-09-27	$0.130	$0.130	USD	-	1995-09-26	1995-09-28	Quarterly
1995-06-28	$0.120	$0.120	USD	-	1995-06-27	1995-06-29	Quarterly
1995-03-29	$0.110	$0.110	USD	-	1995-03-28	1995-03-30	Other
1994-12-28	$0.120	$0.120	USD	-	1994-12-27	1994-12-29	Other
1994-09-28	$0.110	$0.110	USD	-	-	-	-
1994-09-21	$0.110	$0.110	USD	-	1994-09-27	1994-09-29	Quarterly
1994-06-28	$0.110	$0.110	USD	-	1994-06-27	1994-07-01	Quarterly
1994-03-29	$0.090	$0.090	USD	-	1994-03-28	1994-04-04	Quarterly
1993-12-22	$0.080	$0.080	USD	-	1993-12-21	1994-01-03	Other
1993-09-28	$0.100	$0.100	USD	-	1993-09-27	1993-10-01	Quarterly
1993-06-28	$0.100	$0.100	USD	-	1993-06-25	1993-07-01	Quarterly
1993-03-29	$0.110	$0.110	USD	-	1993-03-26	1993-04-01	Other
1992-12-23	$0.090	$0.090	USD	-	1992-12-22	1993-01-04	Other
1992-09-28	$0.110	$0.110	USD	-	1992-09-25	1992-10-01	Quarterly
1992-08-20	$0.030	$0.030	USD	-	-	-	-
1992-06-30	$0.138	$0.138	USD	-	-	-	-
1992-06-29	$0.110	$0.110	USD	-	1992-06-26	1992-07-01	Quarterly
1992-03-31	$0.138	$0.138	USD	-	-	-	-
1992-03-27	$0.130	$0.130	USD	-	1992-03-26	1992-04-01	Other
1991-12-31	$0.196	$0.196	USD	-	-	-	-
1991-12-23	$0.120	$0.120	USD	-	1991-12-20	1992-01-02	Quarterly
1991-09-30	$0.138	$0.138	USD	-	-	-	-
1991-09-26	$0.110	$0.110	USD	-	1991-09-25	1991-10-01	Quarterly

T. Rowe Price Balanced Fund NMFQS:RPBAX