Balanced Fund Managers Discuss Portfolio Income

by Ned Notzon , Charles Shriver and Charles Rotblut, CFA

Balanced Fund Managers Discuss Portfolio Income Splash image

Ned Notzon and Charles Shriver are portfolio managers in T. Rowe Price’s U.S. Asset Allocation Group. I spoke with them in late July about their balanced stock/bond funds and what investors need to know when analyzing income investments.

—Charles Rotblut, CFA

Charles Rotblut (CR): You are allowed a certain amount of leeway on how much you allocate to stocks and how much you allocate to bonds. What factors cause you to favor one asset class over the other?

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Ned Notzon retired at the end of 2011 as a vice president of T. Rowe Price Group Inc. and T. Rowe Price Associates Inc. and retired October 1, 2011, as a portfolio manager in the firm’s U.S. Asset Allocation Group.
Charles Shriver is a portfolio manager with T. Rowe Price Associates Inc. for several asset allocation portfolios within the Asset Allocation Group, including the Balanced, Spectrum and Personal Strategy funds, and is an associate portfolio manager for the Target Risk Strategies.
Charles Rotblut, CFA is a vice president at AAII and editor of the AAII Journal. Follow him on Twitter at


Russell from Florida posted over 2 years ago:

Very good questions, and very good answers.

Also, very timely discussion. Thanks.

James & susan from Texas posted over 2 years ago:

Good article

Ron from Ohio posted over 2 years ago:

Mr Notzon did very well with his funds. My hope is that Mr Shriver continues in the same vein.

Robert from Oregon posted over 2 years ago:

I like the idea he is in favor or an investor to use DRIPS.

David from New Hampshire posted over 2 years ago:


Louis from Louisiana posted over 2 years ago:

I would like to know how the current environment affects annuities and their cost.

George Pettiford from Illinois posted about 1 year ago:

Because I am not an expert in passing judgement on a company's financial position,it pays to seek to seek professional advice, or invest in a good mutual fund as outlined in this article.

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