# T. Rowe Price Spectrum Moderate Allc Inv (TRPBX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/trpbx 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: 1994-08-01 The fund invests in a diversified portfolio typically consisting of approximately 60% stocks; 33% bonds, money market securities, and cash reserves; and 7% alternative investments, including through hedge funds. Under normal conditions, its allocation to the broad asset classes will be within the following ranges: stocks (50-70%), bonds, money markets securities, and cash reserves (20-45%), and alternative investments (0-15%). ## Key Facts | Metric | Value | |---|---| | Price | $26.49 | | Expense Ratio | 0.76% | | Assets Under Management | $2.05B | | NAV | $26.49 | | Holdings Count | — | | Distribution Yield (TTM) | 7.94% | | Annual Distribution (TTM) | $2.10 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $24.36 – $27.30 | | Beta | 0.88 | ## Latest Distribution - Amount: $0.1100 /share - Ex-date: 2026-09-28 - Pay date: 2026-09-29 ## Frequently Asked Questions ### What does TRPBX invest in? The fund invests in a diversified portfolio typically consisting of approximately 60% stocks; 33% bonds, money market securities, and cash reserves; and 7% alternative investments, including through hedge funds. Under normal conditions, its allocation to the broad asset classes will be within the following ranges: stocks (50-70%), bonds, money markets securities, and cash reserves (20-45%), and alternative investments (0-15%). ### What is the expense ratio of TRPBX? T. Rowe Price Spectrum Moderate Allc Inv (TRPBX) charges an expense ratio of 0.76%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is TRPBX? T. Rowe Price Spectrum Moderate Allc Inv (TRPBX) manages $2.05B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is TRPBX actively managed or an index fund? TRPBX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (TRPBX's is 0.76%) in exchange for the discretion to over- or under-weight positions. ### When was TRPBX launched? T. Rowe Price Spectrum Moderate Allc Inv (TRPBX) launched in August 1994 and is managed by T. Rowe Price. ### How has TRPBX performed? TRPBX'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 TRPBX pay a dividend? T. Rowe Price Spectrum Moderate Allc Inv (TRPBX) currently distributes little or no income. Trailing-twelve-month yield is 7.94%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does TRPBX pay dividends? T. Rowe Price Spectrum Moderate Allc Inv pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is TRPBX's dividend yield? TRPBX's trailing-twelve-month yield is 7.94%, calculated from the sum of dividends over the past year divided by the current price. ### When is TRPBX's next ex-dividend date? The most recently announced ex-dividend date for TRPBX 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 TRPBX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.76% 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 TRPBX charge its expense ratio? The expense ratio is deducted in tiny daily slices from TRPBX'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 TRPBX cost more than a fund like VOO? TRPBX is actively managed (current expense ratio 0.76%). 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 TRPBX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to TRPBX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as TRPBX (0.76%) 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/trpbx - Distribution history: https://www.dividenddata.com/funds/trpbx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/trpbx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/trpbx/expenses - Peer comparison: https://www.dividenddata.com/funds/trpbx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.