Fund Evaluator:

T. Rowe Price Spectrum Mod Gr Allc I Overview

T. Rowe Price Spectrum Mod Gr Allc I (TGIPX) is an actively managed Allocation Global Moderately Aggressive Allocation fund. T. Rowe Price launched the fund in 2016.

The investment seeks the highest total return over time consistent with a primary emphasis on capital growth and a secondary emphasis on income. The fund invests in a diversified portfolio typically consisting of approximately 80% of its net assets in stocks; 16% of its net assets in bonds, money market securities, and cash reserves; and 4% of its net assets in alternative investments. Under normal conditions, the fund’s allocation to the broad asset classes are within the following ranges, each as a percentage of the fund’s net assets: stocks (70-90%); bonds, money markets securities, and cash reserves (5-25%); and alternative investments (0-10%).

About T. Rowe Price Spectrum Mod Gr Allc I (TGIPX)

There are 3 members of the management team with an average tenure of 7.75 years: Charles Shriver (2011), Toby Thompson (2020), Christina Noonan (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and Morningstar Mod Agg Tgt Risk TR USD index with a weighting of 100%. T. Rowe Price Spectrum Mod Gr Allc I has 2024 securities in its portfolio. The top 10 holdings constitute 32.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

T. Rowe Price Spectrum Mod Gr Allc I is part of the Allocation global asset class and is within the Allocation fund group. T. Rowe Price Spectrum Mod Gr Allc I has 29.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 52.4%. There is 25.9% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 15.4% (11.4% domestic bond, 4.1% foreign bond and 0.0% convertible bond). T. Rowe Price Spectrum Mod Gr Allc I has 1.4% of the portfolio in cash.

Assets Under Management

The fund has $3 billion in total assets, which is above the $1 billion average for the Global Moderately Aggressive Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

TGIPX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The T. Rowe Price Spectrum Mod Gr Allc I expense ratio is above average compared to funds in the Global Moderately Aggressive Allocation category. T. Rowe Price Spectrum Mod Gr Allc I has an expense ratio of 0.63%, which is 37% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. T. Rowe Price Spectrum Mod Gr Allc I has a portfolio turnover rate of 52%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 32% for the Global Moderately Aggressive Allocation category.

Recently, in the month of July 2026, T. Rowe Price Spectrum Mod Gr Allc I returned -0.2%, which earned it a grade of C, as the Global Moderately Aggressive Allocation category had an average return of 0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

T. Rowe Price Spectrum Mod Gr Allc I has a trailing yield of 1.69%, which is below the 1.98% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

T. Rowe Price Spectrum Mod Gr Allc I Grades

Year to date, the fund has returned 9.2%, 0.6 percentage points worse than the category, which translates into a grade of D. The fund has returned 18.3% over the past year (grade of C), 14.4% over the past three years (grade of B) and 7.1% per year over the past five years (grade of D) and 10.2% per year over the past 10 years (grade of A).

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