T. Rowe Price Spectrum Moderate Growth Allocation Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, T. Rowe Price Spectrum Moderate Growth Allocation Fund held 1,998 positions with $4.32B in net assets. Its ten largest holdings made up 33.4% of the fund. Over the 12 months to May 2026, TRSGX returned 22.7%, with dividends reinvested. In 2026 Q2 it added 368 new positions and exited 228.
The fund seeks the highest total return over time consistent with a primary emphasis on capital growth and a secondary emphasis on income.
The fund allocates across stocks (typically 80%), bonds and cash (16%), and alternative investments (4%), with the adviser overweighting or underweighting asset classes based on economic outlook and tactical opportunities. Stock selection emphasizes relative value across growth and value styles, market capitalizations, geographies, and real assets; bond selection reflects views on inflation, interest rates, credit quality, and currency movements. The fund may use derivatives including options, futures, and credit default swaps to adjust exposure, manage duration, and enhance returns. Because the adviser's tactical allocation decisions and security selections drive performance, results will diverge from any benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
TRP INST EMERGING MARKETS EQUITY FUND | 7.45% | $322.31M | 6.2M | $51.63 |
PRIKXT ROWE PR REAL ASSETS-I | 4.98% | $215.47M | 10.8M | $19.89 |
BLACKSTONE PARTNERS OFFSHORE FD-E1 | 3.90% | $168.86M | 55.1K | $3,064.88 |
NVDANVIDIA CORP | 3.57% | $154.53M | 731.9K | $211.14 |
AAPLAPPLE INC | 2.67% | $115.62M | 370.5K | $312.06 |
TNBMXTRP INTL BOND FD (USD HEDGED) - I | 2.49% | $107.65M | 12.6M | $8.52 |
MSFTMICROSOFT CORP | 2.34% | $101.04M | 224.4K | $450.24 |
2.27% | $98.11M | 260.6K | $376.43 | |
AMZNAMAZON.COM INC | 1.98% | $85.41M | 315.6K | $270.64 |
PRUUXTRP US TREASURY LONG-TERM INDEX FD-I | 1.75% | $75.77M | 10.8M | $7.03 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
The 200 largest of 1,998 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 83.74% |
| Bonds | 11.39% |
| Securitized | 3.08% |
| Cash & short-term | 1.89% |
| 2 smaller | 0.45% |
Look-through blends 9 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
By sector
- Other
- 24.9%
- International
- 17.7%
- Information Technology
- 16.0%
- Financials
- 6.7%
- 12 other sectors
- 34.6%
- Other
- 24.9%
- International
- 17.7%
- Information Technology
- 16.0%
- Financials
- 6.7%
- Health Care
- 5.5%
- Consumer Discretionary
- 5.3%
- Communication Services
- 5.2%
- Industrials
- 5.2%
- Securitized
- 3.1%
- Government
- 2.6%
- Energy
- 2.0%
- Consumer Staples
- 1.5%
- Cash
- 1.2%
- Real Estate
- 1.2%
- Utilities
- 1.1%
- Materials
- 0.9%
How it has done
TRSGX share class · total returns with dividends reinvested
Volatility over the last 12 months: 10.37%. Past returns are a record, not a forecast.
The 2 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| — | +22.69% | +59.88% | +42.07% | -7.75% | |
| — | +22.87% | +60.60% | +43.08% | -7.73% |
These classes hold the same portfolio, so the 1.01pp spread over 5 years is the cost difference between them — roughly 0.20pp a year — not a difference in what they own.
Fees & fund details
T. Rowe Price Spectrum Moderate Growth Allocation Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Portfolio turnover
- 44.60% a year · as of 2025 Q3
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
368 new· the largest 8
228 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 85.4% |
| Floating rate | 14.6% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.6% |
| 1-3y | 8.4% |
| 3-5y | 14.8% |
| 5-10y | 23.4% |
| 10y+ | 52.9% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
This fund filed the credit-spread disclosure and reported no sensitivity — measured, and the answer is none.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 1 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 5 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 10 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 30 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — TRSGX, QQQ and the fund in my 401(k)?”
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