# T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/prsix for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: T. Rowe Price · Asset class: Equity - Strategy: Actively Managed · Inception: 1996-02-01 The T. Rowe Price Spectrum Conservative Allocation Fund utilizes a diverse investment approach. It typically allocates its assets with approximately 40% in equities, around 55% in fixed-income instruments (such as bonds, money market securities, and cash equivalents), and about 5% in alternative investments, which can include participation in hedge funds. While these are common target allocations, the fund's exposure to these main asset categories is designed to remain within specific boundaries during normal market conditions: its equity holdings can range from 30% to 50%; debt securities,... ## Key Facts | Metric | Value | |---|---| | Price | $21.24 | | Expense Ratio | 0.67% | | AUM (All Share Classes) | $2.04B | | NAV | $21.24 | | Holdings Count | — | | Distribution Yield (TTM) | 6.92% | | Annual Distribution (TTM) | $1.47 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $20.00 – $21.73 | | Beta | 0.68 | ## Latest Distribution - Amount: $0.1339 /share - Ex-date: 2026-09-28 - Pay date: 2026-09-29 ## Frequently Asked Questions ### What does PRSIX invest in? The T. Rowe Price Spectrum Conservative Allocation Fund utilizes a diverse investment approach. It typically allocates its assets with approximately 40% in equities, around 55% in fixed-income instruments (such as bonds, money market securities, and cash equivalents), and about 5% in alternative investments, which can include participation in hedge funds. While these are common target allocations, the fund's exposure to these main asset categories is designed to remain within specific boundaries during normal market conditions: its equity holdings can range from 30% to 50%; debt securities, money markets, and cash are permitted to be between 45% and 65% of the portfolio; and alternative investments may account for 0% to 10%. ### What is the expense ratio of PRSIX? T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) charges an expense ratio of 0.67%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is PRSIX? T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) is one share class of a fund that manages $2.04B across all of its share classes (PPIPX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is PRSIX actively managed or an index fund? PRSIX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PRSIX's is 0.67%) in exchange for the discretion to over- or under-weight positions. ### When was PRSIX launched? T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) launched in February 1996 and is managed by T. Rowe Price. ### How has PRSIX performed? PRSIX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does PRSIX pay a dividend? T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) currently distributes little or no income. Trailing-twelve-month yield is 6.92%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PRSIX pay dividends? T. Rowe Price Spectrum Conservative Allocation Fund pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PRSIX's dividend yield? PRSIX's trailing-twelve-month yield is 6.92%, calculated from the sum of dividends over the past year divided by the current price. ### When is PRSIX's next ex-dividend date? The most recently announced ex-dividend date for PRSIX was 2026-09-28. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will PRSIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.67% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PRSIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PRSIX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PRSIX cost more than a fund like VOO? PRSIX is actively managed (current expense ratio 0.67%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PRSIX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PRSIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PRSIX (0.67%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/prsix - Distribution history: https://www.dividenddata.com/funds/prsix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/prsix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/prsix/expenses - Peer comparison: https://www.dividenddata.com/funds/prsix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.