T.Rowe P.F.S.Gl.Allocat.F.A(USD)/  LU1417861728  /

To maximise the value of its shares, over the long term, through both growth in the value of, and income from, its investments. The fund is actively managed and invests mainly in a diversified portfolio of bonds, shares and other investments from issuers around the world, including emerging markets. Although the fund does not have sustainable investment as an objective, the promotion of environmental and social characteristics ("E & S") is achieved through the fund's commitment to maintain at least 10% of the value of its portfolio invested in Sustainable Investments. Details of how E & S are promoted are further explained in the fund's RTS annex to the prospectus. https://www.troweprice.com/esg. The fund may use derivatives for hedging, efficient portfolio management and investment purposes. The fund may also use derivatives to create synthetic short positions in currencies and debt securities.

To maximise the value of its shares, over the long term, through both growth in the value of, and income from, its investments.