QAAGRX Fees and Costs — T. Rowe Price Moderate Allocation Portfolio
Data updated: 2026-08-27
The net expense ratio is 0.85% (1.04% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $34K in broker commissions, 0.0163% of average net assets, and portfolio turnover was 53%.
QAAGRX Fees and Expenses
Annual operating expenses and sales charges of QAAGRX. Prospectus, as of April 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.53% |
| 12b-1 fee | — |
| Other expenses | 0.36% |
| Gross expense ratio | 1.04% |
| Fee waiver | −0.19% |
| Net expense ratio | 0.85% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
QAAGRX Costs Over Time
On $10,000 invested in QAAGRX, assuming 5% a year before costs, total costs come to $543 over 5 years, cutting the return by 0.91% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $298 | $543 |
| Value after costs | $10,409 | $11,278 | $12,219 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
QAAGRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0163%
- Total broker commissions: $34K
- Bought from dealers (principal trades, not a cost): $92.0M
- Portfolio turnover (prospectus): 53%
- Securities on loan, average value: $615K
- Net income from securities lending: $3K (0.002% of average net assets)
QAAGRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $4K | 17.90% |
| MORGAN STANLEY & CO. LLC | $4K | 16.23% |
| GOLDMAN SACHS & CO. LLC | $3K | 12.01% |
| BOFA SECURITIES, INC. | $2K | 10.54% |
| UBS AG | $2K | 9.71% |
| Citigroup Inc. | $2K | 9.54% |
| JEFFERIES LLC | $2K | 9.33% |
| TD Securities Ltd. | $1K | 5.34% |
| RBC Capital Markets, LLC | $1K | 4.77% |
| BARCLAYS CAPITAL INC. | $1K | 4.63% |
QAAGRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $15.5M | 21.46% |
| MORGAN STANLEY & CO. LLC | $8.9M | 12.32% |
| GOLDMAN SACHS & CO. LLC | $8.8M | 12.13% |
| Citigroup Inc. | $7.6M | 10.54% |
| J.P. MORGAN SECURITIES LLC | $7.1M | 9.82% |
| STONEX FINANCIAL INC. | $6.2M | 8.65% |
| BNP PARIBAS | $5.7M | 7.91% |
| BARCLAYS CAPITAL INC. | $5.1M | 7.02% |
| BOFA SECURITIES, INC. | $3.7M | 5.07% |
| CITADEL SECURITIES INSTITUTIONAL LLC | $3.7M | 5.07% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.