TGAFX Fees and Costs — T. Rowe Price Global Allocation Fund, I Class
Data updated: 2026-09-25
The net expense ratio is 0.83% (1.01% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $183K in broker commissions, 0.0229% of average net assets, and portfolio turnover was 39%.
TGAFX Fees and Expenses
Annual operating expenses and sales charges of TGAFX. Prospectus, as of December 22, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 1.01% |
| Fee waiver | −0.18% |
| Net expense ratio | 0.83% |
| 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 |
TGAFX Costs Over Time
On $10,000 invested in TGAFX, assuming 5% a year before costs, total costs come to $535 over 5 years, cutting the return by 0.90% 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 0.83%) | $87 | $272 | $473 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $294 | $535 |
| Value after costs | $10,410 | $11,283 | $12,228 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
TGAFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0229%
- Total broker commissions: $183K
- Bought from dealers (principal trades, not a cost): $63.8M
- Portfolio turnover (prospectus): 39%
- Securities on loan, average value: $4.7M
- Net income from securities lending: $29K (0.004% of average net assets)
TGAFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $21K | 18.50% |
| MORGAN STANLEY & CO. LLC | $16K | 14.45% |
| GOLDMAN SACHS & CO. LLC | $14K | 12.33% |
| BOFA SECURITIES, INC. | $13K | 11.53% |
| UBS AG | $12K | 10.36% |
| Citigroup Inc. | $11K | 9.29% |
| JEFFERIES LLC | $9K | 8.10% |
| CLSA AMERICAS, LLC | $8K | 6.77% |
| Virtu ITG Hong Kong Limited | $6K | 4.94% |
| RBC Capital Markets, LLC | $4K | 3.73% |
TGAFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $7.0M | 13.49% |
| GOLDMAN SACHS & CO. LLC | $6.6M | 12.81% |
| Citigroup Inc. | $6.2M | 11.98% |
| BOFA SECURITIES, INC. | $6.1M | 11.75% |
| J.P. MORGAN SECURITIES LLC | $5.6M | 10.79% |
| BARCLAYS CAPITAL INC. | $5.4M | 10.37% |
| BMO Capital Markets Corp. | $4.8M | 9.22% |
| WELLS FARGO SECURITIES, LLC | $4.5M | 8.65% |
| CITADEL SECURITIES INSTITUTIONAL LLC | $3.9M | 7.46% |
| BNP PARIBAS | $1.8M | 3.47% |
T. Rowe Price Global Allocation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TGAFX | I Class | 0.83% | — |
| RPGAX | T. Rowe Price Global Allocation Fund | 1.02% | — |
| PAFGX | Advisor Class | 1.25% | — |
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.