# T. Rowe Price Balanced Fund (RPBAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/rpbax 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: 1980-01-02 The fund generally dedicates about 65% of its overall holdings to equity shares and approximately 35% to debt instruments. It is mandated to keep a minimum of 25% of its total capital in senior fixed-income products and has the option to direct up to 35% of its portfolio into international investments. ## Key Facts | Metric | Value | |---|---| | Price | $29.94 | | Expense Ratio | 0.61% | | AUM (All Share Classes) | $5.22B | | NAV | $29.94 | | Holdings Count | — | | Distribution Yield (TTM) | 6.94% | | Annual Distribution (TTM) | $2.08 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $27.32 – $30.68 | | Beta | 0.95 | ## Latest Distribution - Amount: $0.1310 /share - Ex-date: 2026-09-28 - Pay date: 2026-09-29 ## Frequently Asked Questions ### What does RPBAX invest in? The fund generally dedicates about 65% of its overall holdings to equity shares and approximately 35% to debt instruments. It is mandated to keep a minimum of 25% of its total capital in senior fixed-income products and has the option to direct up to 35% of its portfolio into international investments. ### What is the expense ratio of RPBAX? T. Rowe Price Balanced Fund (RPBAX) charges an expense ratio of 0.61%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is RPBAX? T. Rowe Price Balanced Fund (RPBAX) is one share class of a fund that manages $5.22B across all of its share classes (RBAIX 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 RPBAX actively managed or an index fund? RPBAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (RPBAX's is 0.61%) in exchange for the discretion to over- or under-weight positions. ### When was RPBAX launched? T. Rowe Price Balanced Fund (RPBAX) launched in January 1980 and is managed by T. Rowe Price. ### How has RPBAX performed? RPBAX'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 RPBAX pay a dividend? T. Rowe Price Balanced Fund (RPBAX) currently distributes little or no income. Trailing-twelve-month yield is 6.94%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does RPBAX pay dividends? T. Rowe Price Balanced 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 RPBAX's dividend yield? RPBAX's trailing-twelve-month yield is 6.94%, calculated from the sum of dividends over the past year divided by the current price. ### When is RPBAX's next ex-dividend date? The most recently announced ex-dividend date for RPBAX 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 RPBAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.61% 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 RPBAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from RPBAX'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 RPBAX cost more than a fund like VOO? RPBAX is actively managed (current expense ratio 0.61%). 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 RPBAX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to RPBAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as RPBAX (0.61%) 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/rpbax - Distribution history: https://www.dividenddata.com/funds/rpbax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/rpbax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/rpbax/expenses - Peer comparison: https://www.dividenddata.com/funds/rpbax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.