TPPAX Performance — T. Rowe Price Spectrum Moderate Allocation Fund, I Class
Data updated: 2026-08-12
TPPAX returned +7.47% year to date and +18.71% over one year to May 2026. Annualised returns are +14.18% over 3 years and +6.10% over 5 years. The fund trailed its US Large Blend category average: $100 invested three years ago grew to $149, against $165 for the category, and to $119 over one year, against $122. Volatility over the past three years was 8.45% a year. In the 12 months to May 2026 the fund lost a net $46.4M, and assets reached $2.12B.
TPPAX Growth of $100
What $100 invested in T. Rowe Price Spectrum Moderate Allocation Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | TPPAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $119 | $122 |
| 3 years (Jun 2023 – May 2026) | $149 | $165 |
| 5 years (Jun 2021 – May 2026) | $134 | $164 |
| Since data start (Sep 2019 – May 2026) | $175 | $229 |
TPPAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +7.47% |
| 1 year | +18.71% |
| 3 years (annualised) | +14.18% |
| 5 years (annualised) | +6.10% |
TPPAX Annual Returns
Calendar-year total returns of T. Rowe Price Spectrum Moderate Allocation Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +7.47% |
| 2025 | +14.64% |
| 2024 | +10.47% |
| 2023 | +15.17% |
| 2022 | −16.95% |
| 2021 | +10.75% |
| 2020 | +14.55% |
| 2019 (Sep–Dec) | +5.75% |
TPPAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +2.3% | +2.1% | −4.8% | +5.7% | +2.2% | — | — | — | — | — | — | — |
| 2025 | +2.4% | +0.4% | −1.8% | −0.1% | +3.0% | +2.8% | +0.4% | +2.2% | +2.2% | +0.9% | +0.8% | +0.7% |
| 2024 | +0.1% | +2.8% | +2.5% | −2.5% | +3.0% | +1.0% | +1.6% | +1.9% | +1.3% | −1.7% | +2.9% | −2.7% |
| 2023 | +5.2% | −2.2% | +1.9% | +1.1% | −0.7% | +3.3% | +2.2% | −1.8% | −3.1% | −1.9% | +6.3% | +4.3% |
| 2022 | −4.0% | −2.2% | +0.4% | −6.5% | −0.3% | −5.4% | +4.8% | −2.9% | −6.9% | +2.9% | +5.5% | −2.8% |
| 2021 | −0.1% | +2.1% | +1.2% | +3.1% | +0.7% | +0.9% | +0.7% | +1.8% | −2.7% | +2.9% | −2.1% | +1.9% |
| 2020 | 0.0% | −4.1% | −11.0% | +7.8% | +3.9% | +2.6% | +4.3% | +3.5% | −1.8% | −0.4% | +7.4% | +3.1% |
| 2019 | — | — | — | — | — | — | — | — | +0.7% | +1.1% | +1.7% | +2.1% |
TPPAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 8.45%
- 3-year Sharpe ratio: 1.15 (vs 4.5% risk-free rate)
- Best month: +6.35% (Nov 2023)
- Worst month: −4.78% (Mar 2026)
TPPAX Fund Flows
Monthly money in and out of T. Rowe Price Spectrum Moderate Allocation Fund, from SEC Form N-PORT.
- 12-month net flow: −$46.4M
- 12-month gross sales (incl. reinvestments): $376.0M
- Sales ÷ redemptions: 0.89×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $12.3M | $28.1M | −$15.8M |
| Apr 2026 | $10.3M | $21.2M | −$10.9M |
| Mar 2026 | $22.1M | $24.9M | −$2.8M |
| Feb 2026 | $25.7M | $43.1M | −$17.4M |
| Jan 2026 | $10.8M | $28.0M | −$17.2M |
| Dec 2025 | $176.1M | $92.6M | $83.5M |
| Nov 2025 | $20.4M | $31.5M | −$11.1M |
| Oct 2025 | $17.2M | $31.0M | −$13.8M |
| Sep 2025 | $17.8M | $32.3M | −$14.5M |
| Aug 2025 | $18.2M | $30.2M | −$12.0M |
| Jul 2025 | $17.6M | $26.7M | −$9.1M |
| Jun 2025 | $27.4M | $32.9M | −$5.5M |
TPPAX Assets Under Management
Net assets of T. Rowe Price Spectrum Moderate Allocation Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $2.12B |
| 2026-02-28 | $2.10B |
| 2025-11-30 | $2.08B |
| 2025-08-31 | $2.05B |
| 2025-05-31 | $1.98B |
| 2025-02-28 | $2.02B |
| 2024-11-30 | $2.10B |
| 2024-08-31 | $2.12B |
| 2024-05-31 | $2.00B |
| 2024-02-29 | $2.04B |
| 2023-11-30 | $1.98B |
| 2023-08-31 | $2.04B |
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.