0000808303-20-000007.txt : 20200513 0000808303-20-000007.hdr.sgml : 20200513 20200513090938 ACCESSION NUMBER: 0000808303-20-000007 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 24 FILED AS OF DATE: 20200513 DATE AS OF CHANGE: 20200513 EFFECTIVENESS DATE: 20200513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price Spectrum Fund, Inc. CENTRAL INDEX KEY: 0000808303 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 033-10992 FILM NUMBER: 20871287 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-2000 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE SPECTRUM FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE OMNI TRUST DATE OF NAME CHANGE: 19870726 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price Spectrum Fund, Inc. CENTRAL INDEX KEY: 0000808303 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-04998 FILM NUMBER: 20871288 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-2000 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE SPECTRUM FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE OMNI TRUST DATE OF NAME CHANGE: 19870726 0000808303 S000002122 Spectrum Income Fund C000005512 Spectrum Income Fund RPSIX 0000808303 S000002123 Spectrum Growth Fund C000005513 Spectrum Growth Fund PRSGX 0000808303 S000002124 Spectrum International Fund C000005514 Spectrum International Fund PSILX 485BPOS 1 spcxbrl-51201115.htm Untitled Document
  

Registration Nos. 033-10992/811-4998

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933  /X/

      

Post-Effective Amendment No. 45     /X/

and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 /X/

Amendment No. 49      /X/

T. ROWE PRICE SPECTRUM FUND, INC.

Exact Name of Registrant as Specified in Charter

100 East Pratt Street, Baltimore, Maryland 21202
Address of Principal Executive Offices

410-345-2000
Registrant’s Telephone Number, Including Area Code

David Oestreicher

100 East Pratt Street, Baltimore, Maryland 21202
Name and Address of Agent for Service

 It is proposed that this filing will become effective (check appropriate box):

/X/ Immediately upon filing pursuant to paragraph (b)

// On (date) pursuant to paragraph (b)

// 60 days after filing pursuant to paragraph (a)(1)

// On (date) pursuant to paragraph (a)(1)

// 75 days after filing pursuant to paragraph (a)(2)

// On (date) pursuant to paragraph (a)(2) of Rule 485


Page 2

 If appropriate, check the following box:

// This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

 


Page 3

EXHIBITS

  

Exhibit

Exhibit No.

XBRL Instance Document

EX-101.INS

XBRL Taxonomy Extension Schema Document

EX-101.SCH

XBRL Taxonomy Extension Calculation Linkbase Document

EX-101.CAL

XBRL Taxonomy Extension Definition Linkbase Document

EX-101.DEF

XBRL Taxonomy Extension Labels Linkbase Document

EX-101.LAB

XBRL Taxonomy Extension Presentation Linkbase Document

EX-101.PRE


Page 4

Signatures

Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of Baltimore, State of Maryland, this May 13, 2020.

 T. ROWE PRICE SPECTRUM FUND, INC.

 /s/David Oestreicher

By: David Oestreicher

 Director and Executive Vice President

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated:

   

Signature

Title

Date

   
   

/s/David Oestreicher

Director (Principal Executive Officer)

May 13, 2020

David Oestreicher

and Executive Vice President

 
   
   

/s/Alan S. Dupski

Treasurer

May 13, 2020

Alan S. Dupski

(Principal Financial Officer)

 
 

and Vice President

 
   

*

  

Teresa Bryce Bazemore

Director

May 13, 2020

   
   

*

  

Ronald J. Daniels

Director

May 13, 2020

   
   

*

  

Bruce W. Duncan

Director

May 13, 2020

   
   

*

  

Robert J. Gerrard, Jr.

Chairman of the Board

May 13, 2020

 

and Director

 
   

*

  

Paul F. McBride

Director

May 13, 2020

   
   

*

  

Cecilia E. Rouse

Director

May 13, 2020

   
   

*

  

John G. Schreiber

Director

May 13, 2020

   


Page 5

   
   
   

/s/Robert W. Sharps

Director and Vice President

May 13, 2020

Robert W. Sharps

  
   
   

*/s/David Oestreicher

Attorney-In-Fact

May 13, 2020

David Oestreicher

  


Page 6

T. ROWE PRICE BALANCED FUND, INC.

T. ROWE PRICE BLUE CHIP GROWTH FUND, INC.

T. ROWE PRICE CAPITAL APPRECIATION FUND, INC.

T. ROWE PRICE CAPITAL OPPORTUNITY FUND, INC.

T. ROWE PRICE COMMUNICATIONS & TECHNOLOGY FUND, INC.

T. ROWE PRICE CORPORATE INCOME FUND, INC.

T. ROWE PRICE CREDIT OPPORTUNITIES FUND, INC.

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND, INC.

T. ROWE PRICE DIVIDEND GROWTH FUND, INC.

T. ROWE PRICE EQUITY INCOME FUND, INC.

T. ROWE PRICE EQUITY SERIES, INC.

T. ROWE PRICE FINANCIAL SERVICES FUND, INC.

T. ROWE PRICE FIXED INCOME SERIES, INC.

T. ROWE PRICE FLOATING RATE FUND, INC.

T. ROWE PRICE GLOBAL ALLOCATION FUND, INC.

T. ROWE PRICE GLOBAL MULTI-SECTOR BOND FUND, INC.

T. ROWE PRICE GLOBAL REAL ESTATE FUND, INC.

T. ROWE PRICE GLOBAL TECHNOLOGY FUND, INC.

T. ROWE PRICE GNMA FUND, INC.

T. ROWE PRICE GOVERNMENT MONEY FUND, INC.

T. ROWE PRICE GROWTH & INCOME FUND, INC.

T. ROWE PRICE GROWTH STOCK FUND, INC.

T. ROWE PRICE HEALTH SCIENCES FUND, INC.

T. ROWE PRICE HIGH YIELD FUND, INC.

T. ROWE PRICE INDEX TRUST, INC.

T. ROWE PRICE INFLATION PROTECTED BOND FUND, INC.

T. ROWE PRICE INSTITUTIONAL EQUITY FUNDS, INC.

T. ROWE PRICE INSTITUTIONAL INCOME FUNDS, INC.

T. ROWE PRICE INSTITUTIONAL INTERNATIONAL FUNDS, INC.

T. ROWE PRICE INTERMEDIATE TAX-FREE HIGH YIELD FUND, INC.

T. ROWE PRICE INTERNATIONAL FUNDS, INC.

T. ROWE PRICE INTERNATIONAL INDEX FUND, INC.

T. ROWE PRICE INTERNATIONAL SERIES, INC.

T. ROWE PRICE LIMITED DURATION INFLATION FOCUSED BOND FUND, INC.

T. ROWE PRICE MID-CAP GROWTH FUND, INC.

T. ROWE PRICE MID-CAP VALUE FUND, INC.

T. ROWE PRICE MULTI-SECTOR ACCOUNT PORTFOLIOS, INC.

T. ROWE PRICE MULTI-STRATEGY TOTAL RETURN FUND, INC.

T. ROWE PRICE NEW AMERICA GROWTH FUND, INC.
T. ROWE PRICE NEW ERA FUND, INC.

T. ROWE PRICE NEW HORIZONS FUND, INC.

T. ROWE PRICE NEW INCOME FUND, INC.

T. ROWE PRICE PERSONAL STRATEGY FUNDS, INC.

T. ROWE PRICE QUANTITATIVE MANAGEMENT FUNDS, INC.

T. ROWE PRICE REAL ASSETS FUND, INC.

T. ROWE PRICE REAL ESTATE FUND, INC.

T. ROWE PRICE RESERVE INVESTMENT FUNDS, INC.

T. ROWE PRICE RETIREMENT FUNDS, INC.

T. ROWE PRICE SCIENCE & TECHNOLOGY FUND, INC.

T. ROWE PRICE SHORT-TERM BOND FUND, INC.


Page 7

T. ROWE PRICE SMALL-CAP STOCK FUND, INC.

T. ROWE PRICE SMALL-CAP VALUE FUND, INC.

T. ROWE PRICE SPECTRUM FUND, INC.

T. ROWE PRICE STATE TAX-FREE FUNDS, INC.

T. ROWE PRICE SUMMIT FUNDS, INC.

T. ROWE PRICE SUMMIT MUNICIPAL FUNDS, INC.

T. ROWE PRICE TAX-EFFICIENT FUNDS, INC.

T. ROWE PRICE TAX-EXEMPT MONEY FUND, INC.

T. ROWE PRICE TAX-FREE HIGH YIELD FUND, INC.

T. ROWE PRICE TAX-FREE INCOME FUND, INC.

T. ROWE PRICE TAX-FREE SHORT-INTERMEDIATE FUND, INC.

T. ROWE PRICE TOTAL RETURN FUND, INC.

T. ROWE PRICE U.S. BOND ENHANCED INDEX FUND, INC.

T. ROWE PRICE U.S. LARGE-CAP CORE FUND, INC.

T. ROWE PRICE U.S. TREASURY FUNDS, INC.

T. ROWE PRICE VALUE FUND, INC.

POWER OF ATTORNEY

 RESOLVED, that the Corporation does hereby constitute and authorize Darrell N. Braman, Catherine D. Mathews, Margery K. Neale, and David Oestreicher, and each of them individually, their true and lawful attorneys and agents to take any and all action and execute any and all instruments which said attorneys and agents may deem necessary or advisable to enable the Corporation to comply with the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, and any rules, regulations, orders or other requirements of the United States Securities and Exchange Commission thereunder, in connection with the registration under the Securities Act of 1933, as amended, of shares of the Corporation, to be offered by the Corporation, and the registration of the Corporation under the Investment Company Act of 1940, as amended, including specifically, but without limitation of the foregoing, power and authority to sign the name of the Corporation on its behalf, and to sign the names of each of such directors and officers on his or her behalf as such director or officer to any (i) Registration Statement on Form N-1A or N-14 of the Corporation filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended; (ii) Registration Statement on Form N-1A or N-14 of the Corporation under the Investment Company Act of 1940, as amended; (iii) amendment or supplement (including, but not limited to, Post-Effective Amendments adding additional series or classes of the Corporation) to said Registration Statement; and (iv) instruments or documents filed or to be filed as a part of or in connection with such Registration Statement, including Articles Supplementary, Articles of Amendment, and other instruments with respect to the Articles of Incorporation of the Corporation.

 IN WITNESS WHEREOF, the above named Corporations have caused these presents to be signed and the same attested by its Assistant Secretary, each thereunto duly authorized by its Board of Directors, and each of the undersigned has hereunto set his or her hand and seal as of the day set opposite his or her name.


Page 8

   

/s/David Oestreicher

  

David Oestreicher

/s/Catherine D. Mathews

Executive Vice President (Principal Executive Officer)

Director

April 29, 2019

Catherine D. Mathews

/s/Teresa Bryce Bazemore

Treasurer (Principal Financial Officer)

Vice President

April 29, 2019

Teresa Bryce Bazemore

/s/Ronald J. Daniels

Director

April 29, 2019

Ronald J. Daniels

/s/Bruce W. Duncan

Director

April 29, 2019

Bruce W. Duncan

/s/Robert J. Gerrard, Jr.

Director

April 29, 2019

Robert J. Gerrard, Jr.

/s/Paul F. McBride

Director

April 29, 2019

Paul F. McBride

/s/Cecilia E. Rouse

Director

April 29, 2019

Cecilia E. Rouse

/s/John G. Schreiber

Director

April 29, 2019

John G. Schreiber

/s/Robert W. Sharps

Director

April 29, 2019

Robert W. Sharps

Director

April 29, 2019

(Signatures Continued)


Page 9

ATTEST:

/s/Shannon Hofher Rauser

   

Shannon Hofher Rauser, Assistant Secretary

  


EX-101.INS 2 trpsfi-20200430.xml XBRL INSTANCE FILE 0000808303 2020-05-01 2020-05-01 0000808303 trpsfi:S000002123Member 2020-05-01 2020-05-01 0000808303 trpsfi:S000002123Member trpsfi:C000005513Member 2020-05-01 2020-05-01 0000808303 trpsfi:S000002122Member 2020-05-01 2020-05-01 0000808303 trpsfi:S000002122Member trpsfi:C000005512Member 2020-05-01 2020-05-01 0000808303 trpsfi:S000002124Member 2020-05-01 2020-05-01 0000808303 trpsfi:S000002124Member trpsfi:C000005514Member 2020-05-01 2020-05-01 0000808303 trpsfi:S000002123Member trpsfi:C000005513Member rr:AfterTaxesOnDistributionsMember 2020-05-01 2020-05-01 0000808303 trpsfi:S000002123Member trpsfi:C000005513Member rr:AfterTaxesOnDistributionsAndSalesMember 2020-05-01 2020-05-01 0000808303 trpsfi:S000002123Member trpsfi:RussellThreeThousandIndexMember 2020-05-01 2020-05-01 0000808303 trpsfi:S000002123Member trpsfi:CombinedIndexPortfolioNetMember 2020-05-01 2020-05-01 0000808303 trpsfi:S000002123Member trpsfi:SandPFiveHundredIndexMember 2020-05-01 2020-05-01 0000808303 trpsfi:S000002123Member trpsfi:LipperMultiCapCoreFundsIndexMember 2020-05-01 2020-05-01 0000808303 trpsfi:S000002122Member trpsfi:C000005512Member rr:AfterTaxesOnDistributionsMember 2020-05-01 2020-05-01 0000808303 trpsfi:S000002122Member trpsfi:C000005512Member rr:AfterTaxesOnDistributionsAndSalesMember 2020-05-01 2020-05-01 0000808303 trpsfi:S000002122Member trpsfi:BloombergBarclaysUsAggregateBondIndexMember 2020-05-01 2020-05-01 0000808303 trpsfi:S000002122Member trpsfi:LipperMultiSectorIncomeFundsAverageMember 2020-05-01 2020-05-01 0000808303 trpsfi:S000002124Member trpsfi:C000005514Member rr:AfterTaxesOnDistributionsMember 2020-05-01 2020-05-01 0000808303 trpsfi:S000002124Member trpsfi:C000005514Member rr:AfterTaxesOnDistributionsAndSalesMember 2020-05-01 2020-05-01 0000808303 trpsfi:S000002124Member trpsfi:MsciAllCountryWorldIndexexUsaNetMember 2020-05-01 2020-05-01 0000808303 trpsfi:S000002124Member trpsfi:MsciAllCountryWorldIndexExUsaMember 2020-05-01 2020-05-01 0000808303 trpsfi:S000002124Member trpsfi:CombinedIndexPortfolioNetMember 2020-05-01 2020-05-01 0000808303 trpsfi:S000002124Member trpsfi:LipperInternationalMultiCapGrowthFundsAverageMember 2020-05-01 2020-05-01 pure iso4217:USD 2020-05-01 485BPOS 2019-12-31 T. Rowe Price Spectrum Fund, Inc. 0000808303 false 2020-04-30 2020-05-01 Investment Objective(s) The fund seeks long-term capital appreciation Fees and Expenses Fees and Expenses of the Fund Shareholder fees (fees paid directly from your investment) Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) Investments, Risks, and Performance Principal Investment Strategies Principal Risks Performance The following performance information provides some indication of the risks of investing in the fund. The fund&#8217;s performance information represents only past performance (before and after taxes) and is not necessarily an indication of future results.<br/><br/>The following bar chart illustrates how much returns can differ from year to year by showing calendar year returns and the best and worst calendar quarter returns during those years for the fund. 20 0.0076 0.0076 78 243 422 942 0.193 <div style="display:none">~ http://www.troweprice.com/role/ScheduleAnnualFundOperatingExpenses000013 column period compact * ~</div> <div style="display:none">~ http://www.troweprice.com/role/ScheduleExpenseExampleTransposed000014 column period compact * ~</div> <div style="display:none">~ http://www.troweprice.com/role/ScheduleShareholderFees000012 column period compact * ~</div> T. ROWE PRICE Spectrum Income Fund SUMMARY Investment Objective(s) The fund seeks a high level of current income with moderate share price fluctuation. Fees and Expenses Fees and Expenses of the Fund Shareholder fees (fees paid directly from your investment) Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) Investments, Risks, and Performance Principal Investment Strategies The fund broadly diversifies its assets among a set of T. Rowe Price mutual funds representing specific market segments. The fund, which normally invests in a variety of domestic and international bond funds, a money market fund, and an income-oriented stock fund, seeks to maintain broad exposure to several markets in an attempt to reduce the impact of markets that are declining and to benefit from good performance in particular market segments over time.<br/><br/>The fund can invest in funds holding high-quality domestic and foreign bonds, high-yield bonds (&#8220;junk&#8221; bonds), short- and long-term securities, dividend-paying stocks and other instruments (such as bank loans).<br/><br/>Within the ranges shown in the following table, the portfolio manager decides how much of the fund&#8217;s assets to allocate to underlying fund investments based on the outlook for, and on the relative valuations of, the underlying funds and the various markets in which they invest.<br/><br/><b>Asset Allocation Ranges for Underlying Funds</b><br/><br/><table cellpadding="0" cellspacing="0" width="100%" style="clear:both"><tr style="font-size:1pt;"><td style="width:48.7%">&nbsp;</td><td style="width:28.49%">&nbsp;</td><td style="width:22.81%">&nbsp;</td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; border-top:0.5pt; border-top-color:#000000; border-top-style:solid; vertical-align:top;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:center;">Spectrum Income Fund</div></td><td colspan="2" style="border-right:0.5pt; border-right-color:#000000; border-right-style:solid; border-top:0.5pt; border-top-color:#000000; border-top-style:solid; vertical-align:top;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:center;">Investment Range</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Corporate Income</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-10</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Dynamic Global Bond</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-10</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Emerging Markets Bond</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-20</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Emerging Markets Local Currency Bond</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-10</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Equity Income</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">5%-25</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Floating Rate</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-15</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">GNMA</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">5%-20</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">High Yield</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">5%-25</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Inflation Protected Bond</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-10</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">International Bond</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-15</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">International Bond (USD Hedged)</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-20</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Limited Duration Inflation Focused Bond</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-10</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">New Income</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">10%-30</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Short-Term Bond</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-15</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">U.S. Treasury Intermediate</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-10</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">U.S. Treasury Long-Term</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-15</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">U.S. Treasury Money</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-25</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-bottom:0.5pt; border-bottom-color:#000000; border-bottom-style:solid; border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Ultra Short-Term Bond</div></td><td style=" border-bottom:0.5pt; border-bottom-color:#000000; border-bottom-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-10</div></td><td style=" border-bottom:0.5pt; border-bottom-color:#000000; border-bottom-style:solid; border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr></table><br/>The fund may sell shares of the underlying funds for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into more promising opportunities. Principal Risks Performance 20 0.0063 0.0063 64 202 351 786 0.241 <div style="display:none">~ http://www.troweprice.com/role/ScheduleAnnualFundOperatingExpenses000023 column period compact * ~</div> <div style="display:none">~ http://www.troweprice.com/role/ScheduleExpenseExampleTransposed000024 column period compact * ~</div> <div style="display:none">~ http://www.troweprice.com/role/ScheduleShareholderFees000022 column period compact * ~</div> Investment Objective(s) The fund seeks long-term capital appreciation. Fees and Expenses Fees and Expenses of the Fund Shareholder fees (fees paid directly from your investment) Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) Investments, Risks, and Performance Principal Investment Strategies The fund broadly diversifies its assets among a set of T. Rowe Price mutual funds representing specific market segments outside the U.S. The fund, which normally invests in a variety of developed and emerging market equity funds, and, from time to time, a money market fund, seeks to maintain broad exposure to several markets in an attempt to reduce the impact of markets that are declining and to benefit from good performance in particular market segments over time.<br/><br/>The fund can invest in stock funds that have holdings in many different developed foreign countries, as well as emerging markets. The fund&#8217;s overall allocation to international stock funds is represented by a diversified mix of funds that employ both growth and value investment approaches and consists of large-cap, mid-cap, and small-cap stocks.<br/><br/>Within the ranges shown in the following table, the portfolio manager decides how much of the fund&#8217;s assets to allocate to underlying fund investments based on the outlook for, and on the relative valuations of, the underlying funds and the various markets in which they invest.<br/><br/><b>Asset Allocation Ranges for Underlying Funds</b><br/><br/><table cellpadding="0" cellspacing="0" width="100%" style="clear:both"><tr style="font-size:1pt;"><td style="width:50.51%">&nbsp;</td><td style="width:27.82%">&nbsp;</td><td style="width:21.67%">&nbsp;</td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; border-top:0.5pt; border-top-color:#000000; border-top-style:solid; vertical-align:top;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:center;">Spectrum International Fund</div></td><td colspan="2" style="border-right:0.5pt; border-right-color:#000000; border-right-style:solid; border-top:0.5pt; border-top-color:#000000; border-top-style:solid; vertical-align:top;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:center;">Investment Range</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Africa &amp; Middle East</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-15</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Emerging Europe</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-15</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Emerging Markets Discovery Stock</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-10</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Emerging Markets Stock</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-10</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">European Stock</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-30</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">International Discovery</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-20</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">International Stock</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-55</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">International Value Equity</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-35</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Japan</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-30</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Latin America</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-15</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">New Asia</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-20</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Overseas Stock</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-35</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-bottom:0.5pt; border-bottom-color:#000000; border-bottom-style:solid; border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">U.S. Treasury Money</div></td><td style=" border-bottom:0.5pt; border-bottom-color:#000000; border-bottom-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-25</div></td><td style=" border-bottom:0.5pt; border-bottom-color:#000000; border-bottom-style:solid; border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr></table><br/>The fund may sell shares of the underlying funds for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into more promising opportunities. Principal Risks Performance 20 0.009 0.009 92 287 498 1108 <div style="display:none">~ http://www.troweprice.com/role/ScheduleAnnualFundOperatingExpenses000033 column period compact * ~</div> <div style="display:none">~ http://www.troweprice.com/role/ScheduleExpenseExampleTransposed000034 column period compact * ~</div> <div style="display:none">~ http://www.troweprice.com/role/ScheduleShareholderFees000032 column period compact * ~</div> N-1A T. ROWE PRICE Spectrum Growth Fund SUMMARY and growth of income with current income a secondary objective. This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the fund. You may also incur brokerage commissions and other charges when buying or selling shares of the fund, which are not reflected in the table. Example This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods, that your investment has a 5% return each year, and that the fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: Portfolio Turnover The fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when the fund&#8217;s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund&#8217;s performance. During the most recent fiscal year, the fund&#8217;s portfolio turnover rate was 19.3% of the average value of its portfolio. The fund broadly diversifies its assets among a set of T. Rowe Price mutual funds representing specific market segments. The fund, which normally invests in a variety of domestic and international equity funds and, from time to time, a money market fund, seeks to maintain broad exposure to several markets in an attempt to reduce the impact of markets that are declining and to benefit from good performance in particular market segments over time.<br/><br/>The fund can invest in funds holding U.S. and international stocks; stocks of companies involved in activities related to commodities and other real assets; small-cap, mid-cap, and large-cap stocks; and growth and value stocks.<br/><br/>Within the ranges shown in the following table, the portfolio manager decides how much of the fund&#8217;s assets to allocate to underlying fund investments based on the outlook for, and on the relative valuations of, the underlying funds and the various markets in which they invest.<br/><br/><b>Asset Allocation Ranges for Underlying Funds</b><br/><br/><table cellpadding="0" cellspacing="0" width="100%" style="clear:both"><tr style="font-size:1pt;"><td style="width:50.22%">&nbsp;</td><td style="width:29.09%">&nbsp;</td><td style="width:20.68%">&nbsp;</td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; border-top:0.5pt; border-top-color:#000000; border-top-style:solid; vertical-align:top;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:center;">Spectrum Growth Fund</div></td><td colspan="2" style="border-right:0.5pt; border-right-color:#000000; border-right-style:solid; border-top:0.5pt; border-top-color:#000000; border-top-style:solid; vertical-align:top;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:center;">Investment Range</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Blue Chip Growth</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">5%-25</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Dividend Growth</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-25</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Emerging Markets Stock</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-10</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Equity Income</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">5%-25</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Growth &amp; Income</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-25</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Growth Stock</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">5%-25</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">International Discovery</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-10</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">International Stock</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-20</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">International Value Equity</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-20</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Mid-Cap Growth</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-15</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Mid-Cap Value</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-15</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">New Horizons</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-15</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Real Assets</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-10</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Small-Cap Value</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-15</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">U.S. Treasury Money</div></td><td style=" vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">0%-25</div></td><td style=" border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr><tr><td style="border-bottom:0.5pt; border-bottom-color:#000000; border-bottom-style:solid; border-left:0.5pt; border-left-color:#000000; border-left-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; margin-left:02.00pt; text-align:left;">Value</div></td><td style=" border-bottom:0.5pt; border-bottom-color:#000000; border-bottom-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:right;">5%-25</div></td><td style=" border-bottom:0.5pt; border-bottom-color:#000000; border-bottom-style:solid; border-right:0.5pt; border-right-color:#000000; border-right-style:solid; vertical-align:bottom;"><div style="color:#000000; font-style:normal; font-weight:bold; text-align:left;">%</div></td></tr></table><br/>The fund may sell shares of the underlying funds for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into more promising opportunities. As with any fund, there is no guarantee that the fund will achieve its objective(s). The fund&#8217;s share price fluctuates, which means you could lose money by investing in the fund. The principal risks of investing in this fund, which may be even greater during periods of market disruption or volatility, are summarized as follows:<br/><br/><b>Market conditions </b>The value of the fund&#8217;s investments may decrease, sometimes rapidly or unexpectedly, due to factors affecting an issuer held by the fund, particular industries, or the overall securities markets. A variety of factors can increase the volatility of the fund&#8217;s holdings and markets generally, including political or regulatory developments, recessions, inflation, rapid interest rate changes, war or acts of terrorism, natural disasters, and outbreaks of infectious illnesses or other widespread public health issues. Certain events may cause instability across global markets, including reduced liquidity and disruptions in trading markets, while some events may affect certain geographic regions, countries, sectors, and industries more significantly than others. These adverse developments may cause broad declines in market value due to short-term market movements or for significantly longer periods during more prolonged market downturns. <br/><br/><b>Asset allocation</b> The fund&#8217;s overall level of risk will directly correspond to the risks of the underlying funds in which it invests. By investing in many underlying funds, the fund has partial exposure to the risks of different areas of the market. However, the selection of the underlying funds and the allocation of the fund&#8217;s assets among the various asset classes, market sectors, and investment styles represented by those underlying funds could cause the fund to underperform other funds with a similar benchmark or investment objective.<br/><br/><b>Investments in other funds</b> The fund bears the risk that its underlying funds will fail to successfully employ their investment strategies. One or more underlying fund&#8217;s underperformance or failure to meet its investment objectives as intended could cause the fund to underperform similarly managed funds.<br/><br/><b>Stock exposure</b> An underlying stock fund&#8217;s share price can fall because of weakness in the overall stock markets, a particular industry, or specific holdings. Stocks generally fluctuate in value more than bonds and may decline significantly over short time periods. There is a chance that stock prices overall will decline because stock markets tend to move in cycles, with periods of rising and falling prices. The value of an underlying stock fund may decline due to general weakness or volatility in the stock markets, adverse conditions impacting a particular industry or market sector, or factors affecting an investment style or market capitalization targeted by the fund.<br/><br/><b>International investing </b>Investing in funds that hold the securities of non-U.S. issuers involves special risks not typically associated with investing in funds that hold securities of U.S. issuers. Non-U.S. securities tend to be more volatile and have lower overall liquidity than investments in U.S. securities and may lose value because of adverse local, political, social, or economic developments overseas, or due to changes in the exchange rates between foreign currencies and the U.S. dollar. In addition, investments outside the U.S. are subject to settlement practices and regulatory and financial reporting standards that differ from those of the U.S. The risks of investing outside the U.S. are heightened for any investments in emerging markets, which are susceptible to greater volatility than investments in developed markets.<br/><br/><b>Emerging markets</b> Investing in funds that hold securities of issuers in emerging market countries involve greater risk and overall volatility than investing in funds that hold securities of issuers in the U.S. and developed markets. Emerging market countries tend to have economic structures that are less diverse and mature, and political systems that are less stable, than those of developed countries. In addition to the risks normally associated with investing outside the U.S., emerging markets are more susceptible to governmental interference, political and economic uncertainty, local taxes and restrictions on an underlying fund&#8217;s investments, less efficient trading markets with lower overall liquidity, and more volatile currency exchange rates.<br/><br/><b>Market capitalization</b> Because the fund invests in certain funds that focus on a particular market capitalization, its share price may be negatively affected if investing in that market capitalization falls out of favor. Small- and mid-cap companies often have less experienced management, more limited financial resources, and less publicly available information than larger companies, and tend to be more sensitive to changes in overall economic conditions. As a result, investments in small-cap and mid-cap companies are likely to be more volatile than investments in larger companies. However, larger companies may not be able to attain the high growth rates of successful smaller companies, especially during strong economic periods, and they may be less capable of responding quickly to competitive challenges and industry changes.<br/><br/><b>Investment style</b> Because the fund invests in certain funds that focus on growth stocks and certain funds that focus on value stocks, its share price may be negatively affected if either investing approach falls out of favor. Growth stocks tend to be more volatile than the overall stock market and are more sensitive to changes in current or expected earnings. Value stocks carry the risk that investors will not recognize their intrinsic value for a long time or that they are actually appropriately priced at a low level.<br/><br/><b>Dividend-paying stocks</b> To the extent the fund invests in an underlying fund that focuses on dividend-paying stocks, it is exposed to greater volatility and the risk of stock market declines that could cause the fund to underperform funds with similar objectives. Stocks of established companies paying high dividends may not participate in a broad market advance to the same degree as most other stocks, and a sharp rise in interest rates could cause a company to reduce or eliminate its dividend.<br/><br/><b>Money market investments</b> An underlying money market fund may not be able to maintain a stable $1.00 share price at all times. If a money market fund fails to maintain a stable net asset value, or if there is a perceived threat that a money market fund is likely to fail to maintain a stable net asset value, the underlying fund could experience significant redemption activity. The fund&#8217;s share price fluctuates, which means you could lose money by investing in the fund. The following performance information provides some indication of the risks of investing in the fund. The following bar chart illustrates how much returns can differ from year to year by showing calendar year returns and the best and worst calendar quarter returns during those years for the fund. The following table shows the average annual total returns for the fund, and also compares the returns with the returns of a relevant broad-based market index, as well as with the returns of one or more comparative indexes that have investment characteristics similar to those of the fund, if applicable. The fund&#8217;s performance information represents only past performance (before and after taxes) and is not necessarily an indication of future results. troweprice.com SPECTRUM GROWTH FUND Calendar Year Returns <table style="width: 350pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="244"><tbody><tr style="height: 15pt;"> <td style="background-color: transparent; width: 84pt; height: 15pt;" class="xl65" height="20" width="112">&nbsp;</td> <td style="background-color: transparent; width: 51pt;" class="xl66" width="68"><b>Quarter&nbsp;Ended</b></td> <td style="background-color: transparent; width: 48pt;" class="xl66" width="64"><b>&nbsp;&nbsp;&nbsp;Total&nbsp;Return</b></td><td style="background-color: transparent; width: 84pt; height: 15pt;" class="xl65" height="20" width="112">&nbsp;</td> <td style="background-color: transparent; width: 51pt;" class="xl66" width="68"><b>Quarter&nbsp;Ended</b></td> <td style="background-color: transparent; width: 48pt;" class="xl66" width="64"><b>&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;Return</b></td></tr><tr style="height: 15pt;"><td style="background-color: transparent; height: 15pt;" class="xl68" height="20"><b>Best&nbsp;Quarter</b></td> <td style="background-color: transparent;" class="xl69"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3/31/12</b></td> <td style="background-color: transparent;" class="xl70"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.29%</b></td><td style="background-color: transparent; height: 15pt;" class="xl68" height="20"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst&nbsp;Quarter</b></td> <td style="background-color: transparent;" class="xl69"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9/30/11</b></td> <td style="background-color: transparent;" class="xl70"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-16.95%</b></td></tr> </tbody></table> Best Quarter 2012-03-31 0.1429 Worst Quarter 2011-09-30 -0.1695 0.1688 -0.036 0.1813 0.2859 0.056 0.0075 0.0784 0.2552 -0.0853 0.2703 Average Annual Total Returns Periods ended December 31, 2019 The following table shows the average annual total returns for the fund, and also compares the returns with the returns of a relevant broad-based market index, as well as with the returns of one or more comparative indexes that have investment characteristics similar to those of the fund, if applicable.<br/><br/>In addition, the table shows hypothetical after-tax returns to demonstrate how taxes paid by a shareholder may influence returns. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as a 401(k) account or an IRA. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as a 401(k) account or an IRA. Updated performance information is available through <b>troweprice.com</b>. 0.2703 0.2446 0.1773 0.3102 0.2816 0.3149 0.2931 0.0964 0.073 0.0721 0.1124 0.0961 0.117 0.0973 0.1109 0.0952 0.0889 0.1342 0.1108 0.1356 0.1182 1990-06-29 1990-06-29 1990-06-29 <div style="display:none">~ http://www.troweprice.com/role/ScheduleAnnualTotalReturnsBarChart000016 column period compact * ~</div> This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the fund. You may also incur brokerage commissions and other charges when buying or selling shares of the fund, which are not reflected in the table. Example This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods, that your investment has a 5% return each year, and that the fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: Portfolio Turnover The fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when the fund&#8217;s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund&#8217;s performance. During the most recent fiscal year, the fund&#8217;s portfolio turnover rate was 24.1% of the average value of its portfolio. As with any fund, there is no guarantee that the fund will achieve its objective(s). The fund&#8217;s share price fluctuates, which means you could lose money by investing in the fund. The principal risks of investing in this fund, which may be even greater during periods of market disruption or volatility, are summarized as follows:<br/><br/><b>Market conditions </b>The value of the fund&#8217;s investments may decrease, sometimes rapidly or unexpectedly, due to factors affecting an issuer held by the fund, particular industries, or the overall securities markets. A variety of factors can increase the volatility of the fund&#8217;s holdings and markets generally, including political or regulatory developments, recessions, inflation, rapid interest rate changes, war or acts of terrorism, natural disasters, and outbreaks of infectious illnesses or other widespread public health issues. Certain events may cause instability across global markets, including reduced liquidity and disruptions in trading markets, while some events may affect certain geographic regions, countries, sectors, and industries more significantly than others. These adverse developments may cause broad declines in market value due to short-term market movements or for significantly longer periods during more prolonged market downturns. <br/><br/><b>Asset allocation</b> The fund&#8217;s overall level of risk will directly correspond to the risks of the underlying funds in which it invests. By investing in many underlying funds, the fund has partial exposure to the risks of different areas of the market. However, the selection of the underlying funds and the allocation of the fund&#8217;s assets among the various asset classes, market sectors, and investment styles represented by those underlying funds could cause the fund to underperform other funds with a similar benchmark or investment objective.<br/><br/><b>Investments in other funds</b> The fund bears the risk that its underlying funds will fail to successfully employ their investment strategies. One or more underlying fund&#8217;s underperformance or failure to meet its investment objectives as intended could cause the fund to underperform similarly managed funds.<br/><br/><b>Bond exposure</b> An underlying bond fund&#8217;s share price can fall because of various factors affecting bonds or due to general weakness in the overall bond markets. The fund invests in underlying funds with varying levels of credit risk, interest rate risk, and liquidity risk. At times, participants in bond markets may develop concerns about the ability of certain issuers to make timely principal and interest payments, or they may develop concerns about the ability of financial institutions that make markets in certain debt instruments to facilitate an orderly market. Those concerns could cause increased volatility and reduced liquidity in particular securities or in the overall bond markets and the related derivatives markets, which could hamper an underlying fund&#8217;s ability to sell the bonds in which it invests or to find and purchase suitable investments.<br/><br/><b>Interest rates</b> The prices of, and the income generated by, bonds and other debt instruments held by an underlying fund may be affected by changes in interest rates. A rise in interest rates typically causes the price of a fixed rate debt instrument to fall and its yield to rise. Conversely, a decline in interest rates typically causes the price of a fixed rate debt instrument to rise and the yield to fall. Generally, underlying bond funds with longer weighted average maturities and durations carry greater interest rate risk.<br/><br/><b>Prepayments and extensions</b> Underlying funds that invest in mortgage-backed securities, other asset-backed securities, or any debt instrument with an embedded call option are subject to prepayment risks because the principal on the security may be prepaid at any time, which could reduce the security&#8217;s yield and market value. The rate of prepayments tends to increase as interest rates fall, which could cause the average maturity of the underlying fund&#8217;s portfolio to shorten. Extension risk may result from a rise in interest rates, which tends to make mortgage-backed securities, asset-backed securities, and other callable debt instruments more volatile.<br/><br/><b>Junk investing</b> Investments in bonds that are rated below investment grade, commonly referred to as junk bonds, and loans that are rated below investment grade, expose an underlying fund to greater volatility and credit risk than investments in securities that are rated investment-grade. Issuers of junk bonds and loans are usually not as strong financially and are more likely to suffer an adverse change in financial condition that would result in the inability to meet a financial obligation. As a result, bonds and loans rated below investment grade carry a higher risk of default and should be considered speculative.<br/><br/><b>Credit quality</b> An issuer of a debt instrument held by an underlying fund could suffer an adverse change in financial condition that results in a payment default (failure to make scheduled interest or principal payments), rating downgrade, or inability to meet a financial obligation. The fund&#8217;s exposure to credit risk is increased to the extent the fund invests in underlying funds that hold securities that are not considered investment-grade. Holdings that are rated below investment grade carry greater risk of default and erratic price swings due, in part, to potentially adverse changes in the credit quality of the issuer.<br/><br/><b>International investing </b>Investing in funds that hold the securities of non-U.S. issuers involves special risks not typically associated with investing in funds that hold securities of U.S. issuers. Non-U.S. securities tend to be more volatile and have lower overall liquidity than investments in U.S. securities and may lose value because of adverse local, political, social, or economic developments overseas, or due to changes in the exchange rates between foreign currencies and the U.S. dollar. In addition, investments outside the U.S. are subject to settlement practices and regulatory and financial reporting standards that differ from those of the U.S. The risks of investing outside the U.S. are heightened for any investments in emerging markets, which are susceptible to greater volatility than investments in developed markets.<br/><br/><b>Emerging markets</b> Investing in funds that hold securities of issuers in emerging market countries involve greater risk and overall volatility than investing in funds that hold securities of issuers in the U.S. and developed markets. Emerging market countries tend to have economic structures that are less diverse and mature, and political systems that are less stable, than those of developed countries. In addition to the risks normally associated with investing outside the U.S., emerging markets are more susceptible to governmental interference, political and economic uncertainty, local taxes and restrictions on an underlying fund&#8217;s investments, less efficient trading markets with lower overall liquidity, and more volatile currency exchange rates.<br/><br/><b>Bank loans</b> Underlying funds that invest in bank loans expose the fund to additional risks beyond those normally associated with more traditional debt instruments. An underlying fund&#8217;s ability to receive payments in connection with a loan depends primarily on the financial condition of the borrower and whether or not a loan is secured by collateral, although there is no assurance that the collateral securing a loan will be sufficient to satisfy the loan obligation. In addition, bank loans often have contractual restrictions on resale, which can delay the sale and adversely impact the sale price and have significantly longer settlement periods than more traditional investments. Bank loans often involve borrowers whose financial condition is troubled or highly leveraged, which increases an underlying fund&#8217;s risk that the fund may not receive its proceeds in a timely manner or that the fund may incur losses in order to pay redemption proceeds to its shareholders.<br/><br/><b>Dividend-paying stocks</b> To the extent the fund invests in an underlying fund that focuses on dividend-paying stocks, it is exposed to greater volatility and the risk of stock market declines that could cause the fund to underperform funds with similar objectives. Stocks of established companies paying high dividends may not participate in a broad market advance to the same degree as most other stocks, and a sharp rise in interest rates could cause a company to reduce or eliminate its dividend.<br/><br/><b>Liquidity</b> An underlying fund may not be able to meet requests to redeem shares without significant dilution of the remaining shareholders&#8217; interest in the fund. A particular investment or an entire market segment may become less liquid or even illiquid, sometimes abruptly, which could limit a fund&#8217;s ability to purchase or sell holdings in a timely manner at a desired price. Reduced liquidity can result from a number of events, such as limited trading activity, reductions in bond inventory, and rapid or unexpected changes in interest rates. Large redemptions may also have a negative impact on an underlying fund&#8217;s overall liquidity.<br/><br/><b>Money market investments</b> An underlying money market fund may not be able to maintain a stable $1.00 share price at all times. If a money market fund fails to maintain a stable net asset value, or if there is a perceived threat that a money market fund is likely to fail to maintain a stable net asset value, the underlying fund could experience significant redemption activity. The fund&#8217;s share price fluctuates, which means you could lose money by investing in the fund. The following performance information provides some indication of the risks of investing in the fund. The fund&#8217;s performance information represents only past performance (before and after taxes) and is not necessarily an indication of future results.<br/><br/>The following bar chart illustrates how much returns can differ from year to year by showing calendar year returns and the best and worst calendar quarter returns during those years for the fund. troweprice.com The following performance information provides some indication of the risks of investing in the fund. The following bar chart illustrates how much returns can differ from year to year by showing calendar year returns and the best and worst calendar quarter returns during those years for the fund. The following table shows the average annual total returns for the fund, and also compares the returns with the returns of a relevant broad-based market index, as well as with the returns of one or more comparative indexes that have investment characteristics similar to those of the fund, if applicable. The fund&#8217;s performance information represents only past performance (before and after taxes) and is not necessarily an indication of future results. SPECTRUM INCOME FUND Calendar Year Returns <table style="width: 350pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="244"><tbody><tr style="height: 15pt;"> <td style="background-color: transparent; width: 84pt; height: 15pt;" class="xl65" height="20" width="112">&nbsp;</td> <td style="background-color: transparent; width: 51pt;" class="xl66" width="68"><b>Quarter&nbsp;Ended</b></td> <td style="background-color: transparent; width: 48pt;" class="xl66" width="64"><b>&nbsp;&nbsp;&nbsp;Total&nbsp;Return</b></td><td style="background-color: transparent; width: 84pt; height: 15pt;" class="xl65" height="20" width="112">&nbsp;</td> <td style="background-color: transparent; width: 51pt;" class="xl66" width="68"><b>Quarter&nbsp;Ended</b></td> <td style="background-color: transparent; width: 48pt;" class="xl66" width="64"><b>&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;Return</b></td></tr><tr style="height: 15pt;"><td style="background-color: transparent; height: 15pt;" class="xl68" height="20"><b>Best&nbsp;Quarter</b></td> <td style="background-color: transparent;" class="xl69"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9/30/10</b></td> <td style="background-color: transparent;" class="xl70"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.64%</b></td><td style="background-color: transparent; height: 15pt;" class="xl68" height="20"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst&nbsp;Quarter</b></td> <td style="background-color: transparent;" class="xl69"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9/30/11</b></td> <td style="background-color: transparent;" class="xl70"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-3.56%</b></td></tr> </tbody></table> Best Quarter 2010-09-30 0.0564 Worst Quarter 2011-09-30 -0.0356 0.0968 0.0416 0.1016 0.0302 0.0388 -0.0202 0.0818 0.0702 -0.0262 0.1155 Average Annual Total Returns Periods ended December 31, 2019 The following table shows the average annual total returns for the fund, and also compares the returns with the returns of a relevant broad-based market index, as well as with the returns of one or more comparative indexes that have investment characteristics similar to those of the fund, if applicable.<br/><br/>In addition, the table shows hypothetical after-tax returns to demonstrate how taxes paid by a shareholder may influence returns. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as a 401(k) account or an IRA. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as a 401(k) account or an IRA. 0.1155 0.0997 0.0696 0.0872 0.0977 0.0426 0.0268 0.0266 0.0305 0.0391 0.0519 0.0358 0.0344 0.0375 0.0518 1990-06-29 1990-06-29 1990-06-29 <div style="display:none">~ http://www.troweprice.com/role/ScheduleAverageAnnualTotalReturnsTransposed000017 column period compact * ~</div> <div style="display:none">~ http://www.troweprice.com/role/ScheduleAnnualTotalReturnsBarChart000026 column period compact * ~</div> <div style="display:none">~ http://www.troweprice.com/role/ScheduleAverageAnnualTotalReturnsTransposed000027 column period compact * ~</div> Updated performance information is available through <b>troweprice.com</b>. T. ROWE PRICE Spectrum International Fund SUMMARY This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the fund. You may also incur brokerage commissions and other charges when buying or selling shares of the fund, which are not reflected in the table. Example This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods, that your investment has a 5% return each year, and that the fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: Portfolio Turnover The fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when the fund&#8217;s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund&#8217;s performance. During the most recent fiscal year, the fund&#8217;s portfolio turnover rate was 12.7% of the average value of its portfolio. 0.127 As with any fund, there is no guarantee that the fund will achieve its objective(s). The fund&#8217;s share price fluctuates, which means you could lose money by investing in the fund. The principal risks of investing in this fund, which may be even greater during periods of market disruption or volatility, are summarized as follows:<br/><br/><b>Market conditions </b>The value of the fund&#8217;s investments may decrease, sometimes rapidly or unexpectedly, due to factors affecting an issuer held by the fund, particular industries, or the overall securities markets. A variety of factors can increase the volatility of the fund&#8217;s holdings and markets generally, including political or regulatory developments, recessions, inflation, rapid interest rate changes, war or acts of terrorism, natural disasters, and outbreaks of infectious illnesses or other widespread public health issues. Certain events may cause instability across global markets, including reduced liquidity and disruptions in trading markets, while some events may affect certain geographic regions, countries, sectors, and industries more significantly than others. These adverse developments may cause broad declines in market value due to short-term market movements or for significantly longer periods during more prolonged market downturns. <br/><br/><b>Asset allocation</b> The fund&#8217;s overall level of risk will directly correspond to the risks of the underlying funds in which it invests. By investing in many underlying funds, the fund has partial exposure to the risks of different areas of the market. However, the selection of the underlying funds and the allocation of the fund&#8217;s assets among the various asset classes, market sectors, and investment styles represented by those underlying funds could cause the fund to underperform other funds with a similar benchmark or investment objective.<br/><br/><b>Investments in other funds</b> The fund bears the risk that its underlying funds will fail to successfully employ their investment strategies. One or more underlying fund&#8217;s underperformance or failure to meet its investment objectives as intended could cause the fund to underperform similarly managed funds.<br/><br/><b>International investing </b>Investing in funds that hold the securities of non-U.S. issuers involves special risks not typically associated with investing in funds that hold securities of U.S. issuers. Non-U.S. securities tend to be more volatile and have lower overall liquidity than investments in U.S. securities and may lose value because of adverse local, political, social, or economic developments overseas, or due to changes in the exchange rates between foreign currencies and the U.S. dollar. In addition, investments outside the U.S. are subject to settlement practices and regulatory and financial reporting standards that differ from those of the U.S. The risks of investing outside the U.S. are heightened for any investments in emerging markets, which are susceptible to greater volatility than investments in developed markets.<br/><br/><b>Emerging markets</b> Investing in funds that hold securities of issuers in emerging market countries involve greater risk and overall volatility than investing in funds that hold securities of issuers in the U.S. and developed markets. Emerging market countries tend to have economic structures that are less diverse and mature, and political systems that are less stable, than those of developed countries. In addition to the risks normally associated with investing outside the U.S., emerging markets are more susceptible to governmental interference, political and economic uncertainty, local taxes and restrictions on an underlying fund&#8217;s investments, less efficient trading markets with lower overall liquidity, and more volatile currency exchange rates.<br/><br/><b>Stock exposure</b> An underlying stock fund&#8217;s share price can fall because of weakness in the overall stock markets, a particular industry, or specific holdings. Stocks generally fluctuate in value more than bonds and may decline significantly over short time periods. There is a chance that stock prices overall will decline because stock markets tend to move in cycles, with periods of rising and falling prices. The value of an underlying stock fund may decline due to general weakness or volatility in the stock markets, adverse conditions impacting a particular industry or market sector, or factors affecting an investment style or market capitalization targeted by the fund.<br/><br/><b>Market capitalization</b> Because the fund invests in certain funds that focus on a particular market capitalization, its share price may be negatively affected if investing in that market capitalization falls out of favor. Small- and mid-cap companies often have less experienced management, more limited financial resources, and less publicly available information than larger companies, and tend to be more sensitive to changes in overall economic conditions. As a result, investments in small-cap and mid-cap companies are likely to be more volatile than investments in larger companies. However, larger companies may not be able to attain the high growth rates of successful smaller companies, especially during strong economic periods, and they may be less capable of responding quickly to competitive challenges and industry changes.<br/><br/><b>Investment style</b> Because the fund invests in certain funds that focus on growth stocks and certain funds that focus on value stocks, its share price may be negatively affected if either investing approach falls out of favor. Growth stocks tend to be more volatile than the overall stock market and are more sensitive to changes in current or expected earnings. Value stocks carry the risk that investors will not recognize their intrinsic value for a long time or that they are actually appropriately priced at a low level.<br/><br/><b>Money market investments</b> An underlying money market fund may not be able to maintain a stable $1.00 share price at all times. If a money market fund fails to maintain a stable net asset value, or if there is a perceived threat that a money market fund is likely to fail to maintain a stable net asset value, the underlying fund could experience significant redemption activity. The fund&#8217;s share price fluctuates, which means you could lose money by investing in the fund. The following performance information provides some indication of the risks of investing in the fund. The fund&#8217;s performance information represents only past performance (before and after taxes) and is not necessarily an indication of future results.<br/><br/>The following bar chart illustrates how much returns can differ from year to year by showing calendar year returns and the best and worst calendar quarter returns during those years for the fund. The following performance information provides some indication of the risks of investing in the fund. The following bar chart illustrates how much returns can differ from year to year by showing calendar year returns and the best and worst calendar quarter returns during those years for the fund. The following table shows the average annual total returns for the fund, and also compares the returns with the returns of a relevant broad-based market index, as well as with the returns of one or more comparative indexes that have investment characteristics similar to those of the fund, if applicable. troweprice.com The fund&#8217;s performance information represents only past performance (before and after taxes) and is not necessarily an indication of future results. SPECTRUM INTERNATIONAL FUND Calendar Year Returns <table style="width: 350pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="244"><tbody><tr style="height: 15pt;"> <td style="background-color: transparent; width: 84pt; height: 15pt;" class="xl65" height="20" width="112">&nbsp;</td> <td style="background-color: transparent; width: 51pt;" class="xl66" width="68"><b>Quarter&nbsp;Ended</b></td> <td style="background-color: transparent; width: 48pt;" class="xl66" width="64"><b>&nbsp;&nbsp;&nbsp;Total&nbsp;Return</b></td><td style="background-color: transparent; width: 84pt; height: 15pt;" class="xl65" height="20" width="112">&nbsp;</td> <td style="background-color: transparent; width: 51pt;" class="xl66" width="68"><b>Quarter&nbsp;Ended</b></td> <td style="background-color: transparent; width: 48pt;" class="xl66" width="64"><b>&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;Return</b></td></tr><tr style="height: 15pt;"><td style="background-color: transparent; height: 15pt;" class="xl68" height="20"><b>Best&nbsp;Quarter</b></td> <td style="background-color: transparent;" class="xl69"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9/30/10</b></td> <td style="background-color: transparent;" class="xl70"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.68%</b></td><td style="background-color: transparent; height: 15pt;" class="xl68" height="20"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worst&nbsp;Quarter</b></td> <td style="background-color: transparent;" class="xl69"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9/30/11</b></td> <td style="background-color: transparent;" class="xl70"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-20.91%</b></td></tr> </tbody></table> Best Quarter 2010-09-30 0.1868 Worst Quarter 2011-09-30 -0.2091 0.1352 -0.1161 0.1929 0.1817 -0.0307 -0.0139 0.0039 0.2854 -0.1481 0.25 Average Annual Total Returns Periods ended December 31, 2019 The following table shows the average annual total returns for the fund, and also compares the returns with the returns of a relevant broad-based market index, as well as with the returns of one or more comparative indexes that have investment characteristics similar to those of the fund, if applicable.<br/><br/>In addition, the table shows hypothetical after-tax returns to demonstrate how taxes paid by a shareholder may influence returns. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as a 401(k) account or an IRA. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as a 401(k) account or an IRA. 0.25 0.2411 0.1564 0.2151 0.2213 0.2151 0.2659 0.0627 0.056 0.049 0.0551 0.0601 0.0551 0.0639 0.0639 0.0591 0.0517 0.0497 0.0545 0.0497 0.0613 1996-12-31 1996-12-31 1996-12-31 Updated performance information is available through <b>troweprice.com</b>. Effective June 1, 2019, the MSCI All Country World Index ex USA Net replaced the MSCI All Country World Index ex USA as the fund&#8217;s primary benchmark. The new index assumes the reinvestment of dividends after the deduction of withholding taxes applicable to the country where the dividend is paid; as such, the returns of the new benchmark are more representative of the returns experienced by investors in foreign issuers. <div style="display:none">~ http://www.troweprice.com/role/ScheduleAnnualTotalReturnsBarChart000036 column period compact * ~</div> <div style="display:none">~ http://www.troweprice.com/role/ScheduleAverageAnnualTotalReturnsTransposed000037 column period compact * ~</div> While the fund itself charges no management fee, it will indirectly bear its pro-rata share of the expenses of the underlying T. Rowe Price funds in which it invests (acquired funds). The acquired funds are expected to bear the operating expenses of the fund. Subject to certain exceptions, accounts with a balance of less than $10,000 are charged an annual $20 fee. Combined Index Portfolio Net is an unmanaged blended benchmark that from 9/1/08 through 4/30/11, was composed of 80% the Russell 3000® Index and 20% the MSCI All Country World ex USA Index Net. From 5/1/11 through 7/31/12, the blended benchmark was composed of the Russell 3000® Index (ranging from 79%-71.01%) and the MSCI All Country World ex USA Index Net (ranging from 21%-28.99%). From 8/1/12 through 3/10/15, the blended benchmark was composed of 70% the Russell 3000® Index and 30% the MSCI All Country World ex USA Index Net. Since 3/11/15, the blended benchmark has been composed of 70% the Russell 3000® Index and 30% the MSCI All Country World Index ex USA Investable Market Index Net. The indices and percentages may vary over time. Effective June 1, 2019, the MSCI All Country World Index ex USA Net replaced the MSCI All Country World Index ex USA as the fund’s primary benchmark. The new index assumes the reinvestment of dividends after the deduction of withholding taxes applicable to the country where the dividend is paid; as such, the returns of the new benchmark are more representative of the returns experienced by investors in foreign issuers. Combined Index Portfolio Net is an unmanaged blended benchmark that was composed of 90% MSCI EAFE Index Net /10% J.P. Morgan Global Government Bond Index ex U.S. to 2/28/09 and the 100% MSCI All Country World Index ex USA Net from 3/1/09 forward. 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Total
Spectrum Growth Fund
T. ROWE PRICE Spectrum Growth Fund SUMMARY
Investment Objective(s)
The fund seeks long-term capital appreciation
and growth of income with current income a secondary objective.
Fees and Expenses
This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the fund. You may also incur brokerage commissions and other charges when buying or selling shares of the fund, which are not reflected in the table.
Fees and Expenses of the Fund Shareholder fees (fees paid directly from your investment)
Shareholder Fees
Spectrum Growth Fund
Spectrum Growth Fund
USD ($)
Maximum account fee $ 20 [1],[2]
[1] Subject to certain exceptions, accounts with a balance of less than $10,000 are charged an annual $20 fee.
[2] While the fund itself charges no management fee, it will indirectly bear its pro-rata share of the expenses of the underlying T. Rowe Price funds in which it invests (acquired funds). The acquired funds are expected to bear the operating expenses of the fund.
Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Spectrum Growth Fund
Spectrum Growth Fund
[1]
Management fees
Distribution and service (12b-1) fees
Other expenses
Acquired fund fees and expenses 0.76%
Total annual fund operating expenses 0.76%
[1] While the fund itself charges no management fee, it will indirectly bear its pro-rata share of the expenses of the underlying T. Rowe Price funds in which it invests (acquired funds). The acquired funds are expected to bear the operating expenses of the fund.
Example
This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods, that your investment has a 5% return each year, and that the fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example
1 year
3 years
5 years
10 years
Spectrum Growth Fund | Spectrum Growth Fund | USD ($) 78 243 422 942
Portfolio Turnover
The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s performance. During the most recent fiscal year, the fund’s portfolio turnover rate was 19.3% of the average value of its portfolio.
Investments, Risks, and Performance Principal Investment Strategies
The fund broadly diversifies its assets among a set of T. Rowe Price mutual funds representing specific market segments. The fund, which normally invests in a variety of domestic and international equity funds and, from time to time, a money market fund, seeks to maintain broad exposure to several markets in an attempt to reduce the impact of markets that are declining and to benefit from good performance in particular market segments over time.

The fund can invest in funds holding U.S. and international stocks; stocks of companies involved in activities related to commodities and other real assets; small-cap, mid-cap, and large-cap stocks; and growth and value stocks.

Within the ranges shown in the following table, the portfolio manager decides how much of the fund’s assets to allocate to underlying fund investments based on the outlook for, and on the relative valuations of, the underlying funds and the various markets in which they invest.

Asset Allocation Ranges for Underlying Funds

   
Spectrum Growth Fund
Investment Range
Blue Chip Growth
5%-25
%
Dividend Growth
0%-25
%
Emerging Markets Stock
0%-10
%
Equity Income
5%-25
%
Growth & Income
0%-25
%
Growth Stock
5%-25
%
International Discovery
0%-10
%
International Stock
0%-20
%
International Value Equity
0%-20
%
Mid-Cap Growth
0%-15
%
Mid-Cap Value
0%-15
%
New Horizons
0%-15
%
Real Assets
0%-10
%
Small-Cap Value
0%-15
%
U.S. Treasury Money
0%-25
%
Value
5%-25
%

The fund may sell shares of the underlying funds for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into more promising opportunities.
Principal Risks
As with any fund, there is no guarantee that the fund will achieve its objective(s). The fund’s share price fluctuates, which means you could lose money by investing in the fund. The principal risks of investing in this fund, which may be even greater during periods of market disruption or volatility, are summarized as follows:

Market conditions The value of the fund’s investments may decrease, sometimes rapidly or unexpectedly, due to factors affecting an issuer held by the fund, particular industries, or the overall securities markets. A variety of factors can increase the volatility of the fund’s holdings and markets generally, including political or regulatory developments, recessions, inflation, rapid interest rate changes, war or acts of terrorism, natural disasters, and outbreaks of infectious illnesses or other widespread public health issues. Certain events may cause instability across global markets, including reduced liquidity and disruptions in trading markets, while some events may affect certain geographic regions, countries, sectors, and industries more significantly than others. These adverse developments may cause broad declines in market value due to short-term market movements or for significantly longer periods during more prolonged market downturns.

Asset allocation The fund’s overall level of risk will directly correspond to the risks of the underlying funds in which it invests. By investing in many underlying funds, the fund has partial exposure to the risks of different areas of the market. However, the selection of the underlying funds and the allocation of the fund’s assets among the various asset classes, market sectors, and investment styles represented by those underlying funds could cause the fund to underperform other funds with a similar benchmark or investment objective.

Investments in other funds The fund bears the risk that its underlying funds will fail to successfully employ their investment strategies. One or more underlying fund’s underperformance or failure to meet its investment objectives as intended could cause the fund to underperform similarly managed funds.

Stock exposure An underlying stock fund’s share price can fall because of weakness in the overall stock markets, a particular industry, or specific holdings. Stocks generally fluctuate in value more than bonds and may decline significantly over short time periods. There is a chance that stock prices overall will decline because stock markets tend to move in cycles, with periods of rising and falling prices. The value of an underlying stock fund may decline due to general weakness or volatility in the stock markets, adverse conditions impacting a particular industry or market sector, or factors affecting an investment style or market capitalization targeted by the fund.

International investing Investing in funds that hold the securities of non-U.S. issuers involves special risks not typically associated with investing in funds that hold securities of U.S. issuers. Non-U.S. securities tend to be more volatile and have lower overall liquidity than investments in U.S. securities and may lose value because of adverse local, political, social, or economic developments overseas, or due to changes in the exchange rates between foreign currencies and the U.S. dollar. In addition, investments outside the U.S. are subject to settlement practices and regulatory and financial reporting standards that differ from those of the U.S. The risks of investing outside the U.S. are heightened for any investments in emerging markets, which are susceptible to greater volatility than investments in developed markets.

Emerging markets Investing in funds that hold securities of issuers in emerging market countries involve greater risk and overall volatility than investing in funds that hold securities of issuers in the U.S. and developed markets. Emerging market countries tend to have economic structures that are less diverse and mature, and political systems that are less stable, than those of developed countries. In addition to the risks normally associated with investing outside the U.S., emerging markets are more susceptible to governmental interference, political and economic uncertainty, local taxes and restrictions on an underlying fund’s investments, less efficient trading markets with lower overall liquidity, and more volatile currency exchange rates.

Market capitalization Because the fund invests in certain funds that focus on a particular market capitalization, its share price may be negatively affected if investing in that market capitalization falls out of favor. Small- and mid-cap companies often have less experienced management, more limited financial resources, and less publicly available information than larger companies, and tend to be more sensitive to changes in overall economic conditions. As a result, investments in small-cap and mid-cap companies are likely to be more volatile than investments in larger companies. However, larger companies may not be able to attain the high growth rates of successful smaller companies, especially during strong economic periods, and they may be less capable of responding quickly to competitive challenges and industry changes.

Investment style Because the fund invests in certain funds that focus on growth stocks and certain funds that focus on value stocks, its share price may be negatively affected if either investing approach falls out of favor. Growth stocks tend to be more volatile than the overall stock market and are more sensitive to changes in current or expected earnings. Value stocks carry the risk that investors will not recognize their intrinsic value for a long time or that they are actually appropriately priced at a low level.

Dividend-paying stocks To the extent the fund invests in an underlying fund that focuses on dividend-paying stocks, it is exposed to greater volatility and the risk of stock market declines that could cause the fund to underperform funds with similar objectives. Stocks of established companies paying high dividends may not participate in a broad market advance to the same degree as most other stocks, and a sharp rise in interest rates could cause a company to reduce or eliminate its dividend.

Money market investments An underlying money market fund may not be able to maintain a stable $1.00 share price at all times. If a money market fund fails to maintain a stable net asset value, or if there is a perceived threat that a money market fund is likely to fail to maintain a stable net asset value, the underlying fund could experience significant redemption activity.
Performance
The following performance information provides some indication of the risks of investing in the fund. The fund’s performance information represents only past performance (before and after taxes) and is not necessarily an indication of future results.

The following bar chart illustrates how much returns can differ from year to year by showing calendar year returns and the best and worst calendar quarter returns during those years for the fund.
SPECTRUM GROWTH FUND Calendar Year Returns
Bar Chart
  Quarter Ended    Total Return  Quarter Ended     Total Return
Best Quarter             3/31/12             14.29%      Worst Quarter            9/30/11            -16.95%
The following table shows the average annual total returns for the fund, and also compares the returns with the returns of a relevant broad-based market index, as well as with the returns of one or more comparative indexes that have investment characteristics similar to those of the fund, if applicable.

In addition, the table shows hypothetical after-tax returns to demonstrate how taxes paid by a shareholder may influence returns. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as a 401(k) account or an IRA.
Average Annual Total Returns Periods ended December 31, 2019
Average Annual Total Returns - Spectrum Growth Fund
1 Year
5 Years
10 Years
Inception date
Spectrum Growth Fund 27.03% 9.64% 11.09% Jun. 29, 1990
Spectrum Growth Fund | Returns after taxes on distributions 24.46% 7.30% 9.52% Jun. 29, 1990
Spectrum Growth Fund | Returns after taxes on distributions and sale of fund shares 17.73% 7.21% 8.89% Jun. 29, 1990
Russell 3000® Index (reflects no deduction for fees, expenses, or taxes) 31.02% 11.24% 13.42%  
Combined Index Portfolio Net (reflects no deduction for fees or expenses) [1] 28.16% 9.61% 11.08%  
S&P 500 Index (reflects no deduction for fees, expenses, or taxes) 31.49% 11.70% 13.56%  
Lipper Multi-Cap Core Funds Index 29.31% 9.73% 11.82%  
[1] Combined Index Portfolio Net is an unmanaged blended benchmark that from 9/1/08 through 4/30/11, was composed of 80% the Russell 3000® Index and 20% the MSCI All Country World ex USA Index Net. From 5/1/11 through 7/31/12, the blended benchmark was composed of the Russell 3000® Index (ranging from 79%-71.01%) and the MSCI All Country World ex USA Index Net (ranging from 21%-28.99%). From 8/1/12 through 3/10/15, the blended benchmark was composed of 70% the Russell 3000® Index and 30% the MSCI All Country World ex USA Index Net. Since 3/11/15, the blended benchmark has been composed of 70% the Russell 3000® Index and 30% the MSCI All Country World Index ex USA Investable Market Index Net. The indices and percentages may vary over time.
Updated performance information is available through troweprice.com.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName T. Rowe Price Spectrum Fund, Inc.
Prospectus Date rr_ProspectusDate May 01, 2020
Document Creation Date dei_DocumentCreationDate Apr. 30, 2020
XML 14 R15.htm IDEA: XBRL DOCUMENT v3.20.1
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName T. Rowe Price Spectrum Fund, Inc.
Prospectus Date rr_ProspectusDate May 01, 2020
Spectrum Income Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading T. ROWE PRICE Spectrum Income Fund SUMMARY
Objective [Heading] rr_ObjectiveHeading Investment Objective(s)
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The fund seeks a high level of current income with moderate share price fluctuation.
Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the fund. You may also incur brokerage commissions and other charges when buying or selling shares of the fund, which are not reflected in the table.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Fees and Expenses of the Fund Shareholder fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s performance. During the most recent fiscal year, the fund’s portfolio turnover rate was 24.1% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 24.10%
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods, that your investment has a 5% return each year, and that the fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Strategy [Heading] rr_StrategyHeading Investments, Risks, and Performance Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The fund broadly diversifies its assets among a set of T. Rowe Price mutual funds representing specific market segments. The fund, which normally invests in a variety of domestic and international bond funds, a money market fund, and an income-oriented stock fund, seeks to maintain broad exposure to several markets in an attempt to reduce the impact of markets that are declining and to benefit from good performance in particular market segments over time.

The fund can invest in funds holding high-quality domestic and foreign bonds, high-yield bonds (“junk” bonds), short- and long-term securities, dividend-paying stocks and other instruments (such as bank loans).

Within the ranges shown in the following table, the portfolio manager decides how much of the fund’s assets to allocate to underlying fund investments based on the outlook for, and on the relative valuations of, the underlying funds and the various markets in which they invest.

Asset Allocation Ranges for Underlying Funds

   
Spectrum Income Fund
Investment Range
Corporate Income
0%-10
%
Dynamic Global Bond
0%-10
%
Emerging Markets Bond
0%-20
%
Emerging Markets Local Currency Bond
0%-10
%
Equity Income
5%-25
%
Floating Rate
0%-15
%
GNMA
5%-20
%
High Yield
5%-25
%
Inflation Protected Bond
0%-10
%
International Bond
0%-15
%
International Bond (USD Hedged)
0%-20
%
Limited Duration Inflation Focused Bond
0%-10
%
New Income
10%-30
%
Short-Term Bond
0%-15
%
U.S. Treasury Intermediate
0%-10
%
U.S. Treasury Long-Term
0%-15
%
U.S. Treasury Money
0%-25
%
Ultra Short-Term Bond
0%-10
%

The fund may sell shares of the underlying funds for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into more promising opportunities.
Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock As with any fund, there is no guarantee that the fund will achieve its objective(s). The fund’s share price fluctuates, which means you could lose money by investing in the fund. The principal risks of investing in this fund, which may be even greater during periods of market disruption or volatility, are summarized as follows:

Market conditions The value of the fund’s investments may decrease, sometimes rapidly or unexpectedly, due to factors affecting an issuer held by the fund, particular industries, or the overall securities markets. A variety of factors can increase the volatility of the fund’s holdings and markets generally, including political or regulatory developments, recessions, inflation, rapid interest rate changes, war or acts of terrorism, natural disasters, and outbreaks of infectious illnesses or other widespread public health issues. Certain events may cause instability across global markets, including reduced liquidity and disruptions in trading markets, while some events may affect certain geographic regions, countries, sectors, and industries more significantly than others. These adverse developments may cause broad declines in market value due to short-term market movements or for significantly longer periods during more prolonged market downturns.

Asset allocation The fund’s overall level of risk will directly correspond to the risks of the underlying funds in which it invests. By investing in many underlying funds, the fund has partial exposure to the risks of different areas of the market. However, the selection of the underlying funds and the allocation of the fund’s assets among the various asset classes, market sectors, and investment styles represented by those underlying funds could cause the fund to underperform other funds with a similar benchmark or investment objective.

Investments in other funds The fund bears the risk that its underlying funds will fail to successfully employ their investment strategies. One or more underlying fund’s underperformance or failure to meet its investment objectives as intended could cause the fund to underperform similarly managed funds.

Bond exposure An underlying bond fund’s share price can fall because of various factors affecting bonds or due to general weakness in the overall bond markets. The fund invests in underlying funds with varying levels of credit risk, interest rate risk, and liquidity risk. At times, participants in bond markets may develop concerns about the ability of certain issuers to make timely principal and interest payments, or they may develop concerns about the ability of financial institutions that make markets in certain debt instruments to facilitate an orderly market. Those concerns could cause increased volatility and reduced liquidity in particular securities or in the overall bond markets and the related derivatives markets, which could hamper an underlying fund’s ability to sell the bonds in which it invests or to find and purchase suitable investments.

Interest rates The prices of, and the income generated by, bonds and other debt instruments held by an underlying fund may be affected by changes in interest rates. A rise in interest rates typically causes the price of a fixed rate debt instrument to fall and its yield to rise. Conversely, a decline in interest rates typically causes the price of a fixed rate debt instrument to rise and the yield to fall. Generally, underlying bond funds with longer weighted average maturities and durations carry greater interest rate risk.

Prepayments and extensions Underlying funds that invest in mortgage-backed securities, other asset-backed securities, or any debt instrument with an embedded call option are subject to prepayment risks because the principal on the security may be prepaid at any time, which could reduce the security’s yield and market value. The rate of prepayments tends to increase as interest rates fall, which could cause the average maturity of the underlying fund’s portfolio to shorten. Extension risk may result from a rise in interest rates, which tends to make mortgage-backed securities, asset-backed securities, and other callable debt instruments more volatile.

Junk investing Investments in bonds that are rated below investment grade, commonly referred to as junk bonds, and loans that are rated below investment grade, expose an underlying fund to greater volatility and credit risk than investments in securities that are rated investment-grade. Issuers of junk bonds and loans are usually not as strong financially and are more likely to suffer an adverse change in financial condition that would result in the inability to meet a financial obligation. As a result, bonds and loans rated below investment grade carry a higher risk of default and should be considered speculative.

Credit quality An issuer of a debt instrument held by an underlying fund could suffer an adverse change in financial condition that results in a payment default (failure to make scheduled interest or principal payments), rating downgrade, or inability to meet a financial obligation. The fund’s exposure to credit risk is increased to the extent the fund invests in underlying funds that hold securities that are not considered investment-grade. Holdings that are rated below investment grade carry greater risk of default and erratic price swings due, in part, to potentially adverse changes in the credit quality of the issuer.

International investing Investing in funds that hold the securities of non-U.S. issuers involves special risks not typically associated with investing in funds that hold securities of U.S. issuers. Non-U.S. securities tend to be more volatile and have lower overall liquidity than investments in U.S. securities and may lose value because of adverse local, political, social, or economic developments overseas, or due to changes in the exchange rates between foreign currencies and the U.S. dollar. In addition, investments outside the U.S. are subject to settlement practices and regulatory and financial reporting standards that differ from those of the U.S. The risks of investing outside the U.S. are heightened for any investments in emerging markets, which are susceptible to greater volatility than investments in developed markets.

Emerging markets Investing in funds that hold securities of issuers in emerging market countries involve greater risk and overall volatility than investing in funds that hold securities of issuers in the U.S. and developed markets. Emerging market countries tend to have economic structures that are less diverse and mature, and political systems that are less stable, than those of developed countries. In addition to the risks normally associated with investing outside the U.S., emerging markets are more susceptible to governmental interference, political and economic uncertainty, local taxes and restrictions on an underlying fund’s investments, less efficient trading markets with lower overall liquidity, and more volatile currency exchange rates.

Bank loans Underlying funds that invest in bank loans expose the fund to additional risks beyond those normally associated with more traditional debt instruments. An underlying fund’s ability to receive payments in connection with a loan depends primarily on the financial condition of the borrower and whether or not a loan is secured by collateral, although there is no assurance that the collateral securing a loan will be sufficient to satisfy the loan obligation. In addition, bank loans often have contractual restrictions on resale, which can delay the sale and adversely impact the sale price and have significantly longer settlement periods than more traditional investments. Bank loans often involve borrowers whose financial condition is troubled or highly leveraged, which increases an underlying fund’s risk that the fund may not receive its proceeds in a timely manner or that the fund may incur losses in order to pay redemption proceeds to its shareholders.

Dividend-paying stocks To the extent the fund invests in an underlying fund that focuses on dividend-paying stocks, it is exposed to greater volatility and the risk of stock market declines that could cause the fund to underperform funds with similar objectives. Stocks of established companies paying high dividends may not participate in a broad market advance to the same degree as most other stocks, and a sharp rise in interest rates could cause a company to reduce or eliminate its dividend.

Liquidity An underlying fund may not be able to meet requests to redeem shares without significant dilution of the remaining shareholders’ interest in the fund. A particular investment or an entire market segment may become less liquid or even illiquid, sometimes abruptly, which could limit a fund’s ability to purchase or sell holdings in a timely manner at a desired price. Reduced liquidity can result from a number of events, such as limited trading activity, reductions in bond inventory, and rapid or unexpected changes in interest rates. Large redemptions may also have a negative impact on an underlying fund’s overall liquidity.

Money market investments An underlying money market fund may not be able to maintain a stable $1.00 share price at all times. If a money market fund fails to maintain a stable net asset value, or if there is a perceived threat that a money market fund is likely to fail to maintain a stable net asset value, the underlying fund could experience significant redemption activity.
Risk Lose Money [Text] rr_RiskLoseMoney The fund’s share price fluctuates, which means you could lose money by investing in the fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following performance information provides some indication of the risks of investing in the fund. The fund’s performance information represents only past performance (before and after taxes) and is not necessarily an indication of future results.

The following bar chart illustrates how much returns can differ from year to year by showing calendar year returns and the best and worst calendar quarter returns during those years for the fund.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following performance information provides some indication of the risks of investing in the fund. The following bar chart illustrates how much returns can differ from year to year by showing calendar year returns and the best and worst calendar quarter returns during those years for the fund. The following table shows the average annual total returns for the fund, and also compares the returns with the returns of a relevant broad-based market index, as well as with the returns of one or more comparative indexes that have investment characteristics similar to those of the fund, if applicable.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress troweprice.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The fund’s performance information represents only past performance (before and after taxes) and is not necessarily an indication of future results.
Bar Chart [Heading] rr_BarChartHeading SPECTRUM INCOME FUND Calendar Year Returns
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
  Quarter Ended    Total Return  Quarter Ended     Total Return
Best Quarter             9/30/10             5.64%      Worst Quarter            9/30/11            -3.56%
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns Periods ended December 31, 2019
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as a 401(k) account or an IRA.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock The following table shows the average annual total returns for the fund, and also compares the returns with the returns of a relevant broad-based market index, as well as with the returns of one or more comparative indexes that have investment characteristics similar to those of the fund, if applicable.

In addition, the table shows hypothetical after-tax returns to demonstrate how taxes paid by a shareholder may influence returns. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as a 401(k) account or an IRA.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available through troweprice.com.
Spectrum Income Fund | Spectrum Income Fund  
Risk/Return: rr_RiskReturnAbstract  
Maximum account fee rr_MaximumAccountFee $ 20 [1],[2]
Management fees rr_ManagementFeesOverAssets [2]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets [2]
Other expenses rr_OtherExpensesOverAssets [2]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.63% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 0.63% [2]
1 year rr_ExpenseExampleYear01 $ 64
3 years rr_ExpenseExampleYear03 202
5 years rr_ExpenseExampleYear05 351
10 years rr_ExpenseExampleYear10 $ 786
2010 rr_AnnualReturn2010 9.68%
2011 rr_AnnualReturn2011 4.16%
2012 rr_AnnualReturn2012 10.16%
2013 rr_AnnualReturn2013 3.02%
2014 rr_AnnualReturn2014 3.88%
2015 rr_AnnualReturn2015 (2.02%)
2016 rr_AnnualReturn2016 8.18%
2017 rr_AnnualReturn2017 7.02%
2018 rr_AnnualReturn2018 (2.62%)
2019 rr_AnnualReturn2019 11.55%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2010
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 5.64%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (3.56%)
1 Year rr_AverageAnnualReturnYear01 11.55%
5 Years rr_AverageAnnualReturnYear05 4.26%
10 Years rr_AverageAnnualReturnYear10 5.19%
Inception date rr_AverageAnnualReturnInceptionDate Jun. 29, 1990
Spectrum Income Fund | Returns after taxes on distributions | Spectrum Income Fund  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 9.97%
5 Years rr_AverageAnnualReturnYear05 2.68%
10 Years rr_AverageAnnualReturnYear10 3.58%
Inception date rr_AverageAnnualReturnInceptionDate Jun. 29, 1990
Spectrum Income Fund | Returns after taxes on distributions and sale of fund shares | Spectrum Income Fund  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 6.96%
5 Years rr_AverageAnnualReturnYear05 2.66%
10 Years rr_AverageAnnualReturnYear10 3.44%
Inception date rr_AverageAnnualReturnInceptionDate Jun. 29, 1990
Spectrum Income Fund | Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 8.72%
5 Years rr_AverageAnnualReturnYear05 3.05%
10 Years rr_AverageAnnualReturnYear10 3.75%
Spectrum Income Fund | Lipper Multi-Sector Income Funds Average  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 9.77%
5 Years rr_AverageAnnualReturnYear05 3.91%
10 Years rr_AverageAnnualReturnYear10 5.18%
[1] Subject to certain exceptions, accounts with a balance of less than $10,000 are charged an annual $20 fee.
[2] While the fund itself charges no management fee, it will indirectly bear its pro-rata share of the expenses of the underlying T. Rowe Price funds in which it invests (acquired funds). The acquired funds are expected to bear the operating expenses of the fund.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName T. Rowe Price Spectrum Fund, Inc.
Prospectus Date rr_ProspectusDate May 01, 2020
Spectrum International Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading T. ROWE PRICE Spectrum International Fund SUMMARY
Objective [Heading] rr_ObjectiveHeading Investment Objective(s)
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The fund seeks long-term capital appreciation.
Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the fund. You may also incur brokerage commissions and other charges when buying or selling shares of the fund, which are not reflected in the table.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Fees and Expenses of the Fund Shareholder fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s performance. During the most recent fiscal year, the fund’s portfolio turnover rate was 12.7% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 12.70%
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods, that your investment has a 5% return each year, and that the fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Strategy [Heading] rr_StrategyHeading Investments, Risks, and Performance Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The fund broadly diversifies its assets among a set of T. Rowe Price mutual funds representing specific market segments outside the U.S. The fund, which normally invests in a variety of developed and emerging market equity funds, and, from time to time, a money market fund, seeks to maintain broad exposure to several markets in an attempt to reduce the impact of markets that are declining and to benefit from good performance in particular market segments over time.

The fund can invest in stock funds that have holdings in many different developed foreign countries, as well as emerging markets. The fund’s overall allocation to international stock funds is represented by a diversified mix of funds that employ both growth and value investment approaches and consists of large-cap, mid-cap, and small-cap stocks.

Within the ranges shown in the following table, the portfolio manager decides how much of the fund’s assets to allocate to underlying fund investments based on the outlook for, and on the relative valuations of, the underlying funds and the various markets in which they invest.

Asset Allocation Ranges for Underlying Funds

   
Spectrum International Fund
Investment Range
Africa & Middle East
0%-15
%
Emerging Europe
0%-15
%
Emerging Markets Discovery Stock
0%-10
%
Emerging Markets Stock
0%-10
%
European Stock
0%-30
%
International Discovery
0%-20
%
International Stock
0%-55
%
International Value Equity
0%-35
%
Japan
0%-30
%
Latin America
0%-15
%
New Asia
0%-20
%
Overseas Stock
0%-35
%
U.S. Treasury Money
0%-25
%

The fund may sell shares of the underlying funds for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into more promising opportunities.
Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock As with any fund, there is no guarantee that the fund will achieve its objective(s). The fund’s share price fluctuates, which means you could lose money by investing in the fund. The principal risks of investing in this fund, which may be even greater during periods of market disruption or volatility, are summarized as follows:

Market conditions The value of the fund’s investments may decrease, sometimes rapidly or unexpectedly, due to factors affecting an issuer held by the fund, particular industries, or the overall securities markets. A variety of factors can increase the volatility of the fund’s holdings and markets generally, including political or regulatory developments, recessions, inflation, rapid interest rate changes, war or acts of terrorism, natural disasters, and outbreaks of infectious illnesses or other widespread public health issues. Certain events may cause instability across global markets, including reduced liquidity and disruptions in trading markets, while some events may affect certain geographic regions, countries, sectors, and industries more significantly than others. These adverse developments may cause broad declines in market value due to short-term market movements or for significantly longer periods during more prolonged market downturns.

Asset allocation The fund’s overall level of risk will directly correspond to the risks of the underlying funds in which it invests. By investing in many underlying funds, the fund has partial exposure to the risks of different areas of the market. However, the selection of the underlying funds and the allocation of the fund’s assets among the various asset classes, market sectors, and investment styles represented by those underlying funds could cause the fund to underperform other funds with a similar benchmark or investment objective.

Investments in other funds The fund bears the risk that its underlying funds will fail to successfully employ their investment strategies. One or more underlying fund’s underperformance or failure to meet its investment objectives as intended could cause the fund to underperform similarly managed funds.

International investing Investing in funds that hold the securities of non-U.S. issuers involves special risks not typically associated with investing in funds that hold securities of U.S. issuers. Non-U.S. securities tend to be more volatile and have lower overall liquidity than investments in U.S. securities and may lose value because of adverse local, political, social, or economic developments overseas, or due to changes in the exchange rates between foreign currencies and the U.S. dollar. In addition, investments outside the U.S. are subject to settlement practices and regulatory and financial reporting standards that differ from those of the U.S. The risks of investing outside the U.S. are heightened for any investments in emerging markets, which are susceptible to greater volatility than investments in developed markets.

Emerging markets Investing in funds that hold securities of issuers in emerging market countries involve greater risk and overall volatility than investing in funds that hold securities of issuers in the U.S. and developed markets. Emerging market countries tend to have economic structures that are less diverse and mature, and political systems that are less stable, than those of developed countries. In addition to the risks normally associated with investing outside the U.S., emerging markets are more susceptible to governmental interference, political and economic uncertainty, local taxes and restrictions on an underlying fund’s investments, less efficient trading markets with lower overall liquidity, and more volatile currency exchange rates.

Stock exposure An underlying stock fund’s share price can fall because of weakness in the overall stock markets, a particular industry, or specific holdings. Stocks generally fluctuate in value more than bonds and may decline significantly over short time periods. There is a chance that stock prices overall will decline because stock markets tend to move in cycles, with periods of rising and falling prices. The value of an underlying stock fund may decline due to general weakness or volatility in the stock markets, adverse conditions impacting a particular industry or market sector, or factors affecting an investment style or market capitalization targeted by the fund.

Market capitalization Because the fund invests in certain funds that focus on a particular market capitalization, its share price may be negatively affected if investing in that market capitalization falls out of favor. Small- and mid-cap companies often have less experienced management, more limited financial resources, and less publicly available information than larger companies, and tend to be more sensitive to changes in overall economic conditions. As a result, investments in small-cap and mid-cap companies are likely to be more volatile than investments in larger companies. However, larger companies may not be able to attain the high growth rates of successful smaller companies, especially during strong economic periods, and they may be less capable of responding quickly to competitive challenges and industry changes.

Investment style Because the fund invests in certain funds that focus on growth stocks and certain funds that focus on value stocks, its share price may be negatively affected if either investing approach falls out of favor. Growth stocks tend to be more volatile than the overall stock market and are more sensitive to changes in current or expected earnings. Value stocks carry the risk that investors will not recognize their intrinsic value for a long time or that they are actually appropriately priced at a low level.

Money market investments An underlying money market fund may not be able to maintain a stable $1.00 share price at all times. If a money market fund fails to maintain a stable net asset value, or if there is a perceived threat that a money market fund is likely to fail to maintain a stable net asset value, the underlying fund could experience significant redemption activity.
Risk Lose Money [Text] rr_RiskLoseMoney The fund’s share price fluctuates, which means you could lose money by investing in the fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following performance information provides some indication of the risks of investing in the fund. The fund’s performance information represents only past performance (before and after taxes) and is not necessarily an indication of future results.

The following bar chart illustrates how much returns can differ from year to year by showing calendar year returns and the best and worst calendar quarter returns during those years for the fund.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following performance information provides some indication of the risks of investing in the fund. The following bar chart illustrates how much returns can differ from year to year by showing calendar year returns and the best and worst calendar quarter returns during those years for the fund. The following table shows the average annual total returns for the fund, and also compares the returns with the returns of a relevant broad-based market index, as well as with the returns of one or more comparative indexes that have investment characteristics similar to those of the fund, if applicable.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress troweprice.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The fund’s performance information represents only past performance (before and after taxes) and is not necessarily an indication of future results.
Bar Chart [Heading] rr_BarChartHeading SPECTRUM INTERNATIONAL FUND Calendar Year Returns
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
  Quarter Ended    Total Return  Quarter Ended     Total Return
Best Quarter             9/30/10             18.68%      Worst Quarter            9/30/11            -20.91%
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns Periods ended December 31, 2019
Performance Table Market Index Changed rr_PerformanceTableMarketIndexChanged Effective June 1, 2019, the MSCI All Country World Index ex USA Net replaced the MSCI All Country World Index ex USA as the fund’s primary benchmark. The new index assumes the reinvestment of dividends after the deduction of withholding taxes applicable to the country where the dividend is paid; as such, the returns of the new benchmark are more representative of the returns experienced by investors in foreign issuers.
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as a 401(k) account or an IRA.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock The following table shows the average annual total returns for the fund, and also compares the returns with the returns of a relevant broad-based market index, as well as with the returns of one or more comparative indexes that have investment characteristics similar to those of the fund, if applicable.

In addition, the table shows hypothetical after-tax returns to demonstrate how taxes paid by a shareholder may influence returns. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as a 401(k) account or an IRA.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available through troweprice.com.
Spectrum International Fund | Spectrum International Fund  
Risk/Return: rr_RiskReturnAbstract  
Maximum account fee rr_MaximumAccountFee $ 20 [1],[2]
Management fees rr_ManagementFeesOverAssets [2]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets [2]
Other expenses rr_OtherExpensesOverAssets [2]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.90% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 0.90% [2]
1 year rr_ExpenseExampleYear01 $ 92
3 years rr_ExpenseExampleYear03 287
5 years rr_ExpenseExampleYear05 498
10 years rr_ExpenseExampleYear10 $ 1,108
2010 rr_AnnualReturn2010 13.52%
2011 rr_AnnualReturn2011 (11.61%)
2012 rr_AnnualReturn2012 19.29%
2013 rr_AnnualReturn2013 18.17%
2014 rr_AnnualReturn2014 (3.07%)
2015 rr_AnnualReturn2015 (1.39%)
2016 rr_AnnualReturn2016 0.39%
2017 rr_AnnualReturn2017 28.54%
2018 rr_AnnualReturn2018 (14.81%)
2019 rr_AnnualReturn2019 25.00%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2010
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 18.68%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (20.91%)
1 Year rr_AverageAnnualReturnYear01 25.00%
5 Years rr_AverageAnnualReturnYear05 6.27%
10 Years rr_AverageAnnualReturnYear10 6.39%
Inception date rr_AverageAnnualReturnInceptionDate Dec. 31, 1996
Spectrum International Fund | Returns after taxes on distributions | Spectrum International Fund  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 24.11%
5 Years rr_AverageAnnualReturnYear05 5.60%
10 Years rr_AverageAnnualReturnYear10 5.91%
Inception date rr_AverageAnnualReturnInceptionDate Dec. 31, 1996
Spectrum International Fund | Returns after taxes on distributions and sale of fund shares | Spectrum International Fund  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 15.64%
5 Years rr_AverageAnnualReturnYear05 4.90%
10 Years rr_AverageAnnualReturnYear10 5.17%
Inception date rr_AverageAnnualReturnInceptionDate Dec. 31, 1996
Spectrum International Fund | MSCI All Country World Index ex USA Net (reflects no deduction for fees or expenses)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 21.51% [3]
5 Years rr_AverageAnnualReturnYear05 5.51% [3]
10 Years rr_AverageAnnualReturnYear10 4.97% [3]
Spectrum International Fund | MSCI All Country World Index ex USA (reflects no deduction for fees, expenses, or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 22.13%
5 Years rr_AverageAnnualReturnYear05 6.01%
10 Years rr_AverageAnnualReturnYear10 5.45%
Spectrum International Fund | Combined Index Portfolio Net (reflects no deduction for fees or expenses)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 21.51% [4]
5 Years rr_AverageAnnualReturnYear05 5.51% [4]
10 Years rr_AverageAnnualReturnYear10 4.97% [4]
Spectrum International Fund | Lipper International Multi-Cap Growth Funds Average  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 26.59%
5 Years rr_AverageAnnualReturnYear05 6.39%
10 Years rr_AverageAnnualReturnYear10 6.13%
[1] Subject to certain exceptions, accounts with a balance of less than $10,000 are charged an annual $20 fee.
[2] While the fund itself charges no management fee, it will indirectly bear its pro-rata share of the expenses of the underlying T. Rowe Price funds in which it invests (acquired funds). The acquired funds are expected to bear the operating expenses of the fund.
[3] Effective June 1, 2019, the MSCI All Country World Index ex USA Net replaced the MSCI All Country World Index ex USA as the fund’s primary benchmark. The new index assumes the reinvestment of dividends after the deduction of withholding taxes applicable to the country where the dividend is paid; as such, the returns of the new benchmark are more representative of the returns experienced by investors in foreign issuers.
[4] Combined Index Portfolio Net is an unmanaged blended benchmark that was composed of 90% MSCI EAFE Index Net /10% J.P. Morgan Global Government Bond Index ex U.S. to 2/28/09 and the 100% MSCI All Country World Index ex USA Net from 3/1/09 forward.
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Total
Spectrum International Fund
T. ROWE PRICE Spectrum International Fund SUMMARY
Investment Objective(s)
The fund seeks long-term capital appreciation.
Fees and Expenses
This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the fund. You may also incur brokerage commissions and other charges when buying or selling shares of the fund, which are not reflected in the table.
Fees and Expenses of the Fund Shareholder fees (fees paid directly from your investment)
Shareholder Fees
Spectrum International Fund
Spectrum International Fund
USD ($)
Maximum account fee $ 20 [1],[2]
[1] Subject to certain exceptions, accounts with a balance of less than $10,000 are charged an annual $20 fee.
[2] While the fund itself charges no management fee, it will indirectly bear its pro-rata share of the expenses of the underlying T. Rowe Price funds in which it invests (acquired funds). The acquired funds are expected to bear the operating expenses of the fund.
Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Spectrum International Fund
Spectrum International Fund
[1]
Management fees
Distribution and service (12b-1) fees
Other expenses
Acquired fund fees and expenses 0.90%
Total annual fund operating expenses 0.90%
[1] While the fund itself charges no management fee, it will indirectly bear its pro-rata share of the expenses of the underlying T. Rowe Price funds in which it invests (acquired funds). The acquired funds are expected to bear the operating expenses of the fund.
Example
This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods, that your investment has a 5% return each year, and that the fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example
1 year
3 years
5 years
10 years
Spectrum International Fund | Spectrum International Fund | USD ($) 92 287 498 1,108
Portfolio Turnover
The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s performance. During the most recent fiscal year, the fund’s portfolio turnover rate was 12.7% of the average value of its portfolio.
Investments, Risks, and Performance Principal Investment Strategies
The fund broadly diversifies its assets among a set of T. Rowe Price mutual funds representing specific market segments outside the U.S. The fund, which normally invests in a variety of developed and emerging market equity funds, and, from time to time, a money market fund, seeks to maintain broad exposure to several markets in an attempt to reduce the impact of markets that are declining and to benefit from good performance in particular market segments over time.

The fund can invest in stock funds that have holdings in many different developed foreign countries, as well as emerging markets. The fund’s overall allocation to international stock funds is represented by a diversified mix of funds that employ both growth and value investment approaches and consists of large-cap, mid-cap, and small-cap stocks.

Within the ranges shown in the following table, the portfolio manager decides how much of the fund’s assets to allocate to underlying fund investments based on the outlook for, and on the relative valuations of, the underlying funds and the various markets in which they invest.

Asset Allocation Ranges for Underlying Funds

   
Spectrum International Fund
Investment Range
Africa & Middle East
0%-15
%
Emerging Europe
0%-15
%
Emerging Markets Discovery Stock
0%-10
%
Emerging Markets Stock
0%-10
%
European Stock
0%-30
%
International Discovery
0%-20
%
International Stock
0%-55
%
International Value Equity
0%-35
%
Japan
0%-30
%
Latin America
0%-15
%
New Asia
0%-20
%
Overseas Stock
0%-35
%
U.S. Treasury Money
0%-25
%

The fund may sell shares of the underlying funds for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into more promising opportunities.
Principal Risks
As with any fund, there is no guarantee that the fund will achieve its objective(s). The fund’s share price fluctuates, which means you could lose money by investing in the fund. The principal risks of investing in this fund, which may be even greater during periods of market disruption or volatility, are summarized as follows:

Market conditions The value of the fund’s investments may decrease, sometimes rapidly or unexpectedly, due to factors affecting an issuer held by the fund, particular industries, or the overall securities markets. A variety of factors can increase the volatility of the fund’s holdings and markets generally, including political or regulatory developments, recessions, inflation, rapid interest rate changes, war or acts of terrorism, natural disasters, and outbreaks of infectious illnesses or other widespread public health issues. Certain events may cause instability across global markets, including reduced liquidity and disruptions in trading markets, while some events may affect certain geographic regions, countries, sectors, and industries more significantly than others. These adverse developments may cause broad declines in market value due to short-term market movements or for significantly longer periods during more prolonged market downturns.

Asset allocation The fund’s overall level of risk will directly correspond to the risks of the underlying funds in which it invests. By investing in many underlying funds, the fund has partial exposure to the risks of different areas of the market. However, the selection of the underlying funds and the allocation of the fund’s assets among the various asset classes, market sectors, and investment styles represented by those underlying funds could cause the fund to underperform other funds with a similar benchmark or investment objective.

Investments in other funds The fund bears the risk that its underlying funds will fail to successfully employ their investment strategies. One or more underlying fund’s underperformance or failure to meet its investment objectives as intended could cause the fund to underperform similarly managed funds.

International investing Investing in funds that hold the securities of non-U.S. issuers involves special risks not typically associated with investing in funds that hold securities of U.S. issuers. Non-U.S. securities tend to be more volatile and have lower overall liquidity than investments in U.S. securities and may lose value because of adverse local, political, social, or economic developments overseas, or due to changes in the exchange rates between foreign currencies and the U.S. dollar. In addition, investments outside the U.S. are subject to settlement practices and regulatory and financial reporting standards that differ from those of the U.S. The risks of investing outside the U.S. are heightened for any investments in emerging markets, which are susceptible to greater volatility than investments in developed markets.

Emerging markets Investing in funds that hold securities of issuers in emerging market countries involve greater risk and overall volatility than investing in funds that hold securities of issuers in the U.S. and developed markets. Emerging market countries tend to have economic structures that are less diverse and mature, and political systems that are less stable, than those of developed countries. In addition to the risks normally associated with investing outside the U.S., emerging markets are more susceptible to governmental interference, political and economic uncertainty, local taxes and restrictions on an underlying fund’s investments, less efficient trading markets with lower overall liquidity, and more volatile currency exchange rates.

Stock exposure An underlying stock fund’s share price can fall because of weakness in the overall stock markets, a particular industry, or specific holdings. Stocks generally fluctuate in value more than bonds and may decline significantly over short time periods. There is a chance that stock prices overall will decline because stock markets tend to move in cycles, with periods of rising and falling prices. The value of an underlying stock fund may decline due to general weakness or volatility in the stock markets, adverse conditions impacting a particular industry or market sector, or factors affecting an investment style or market capitalization targeted by the fund.

Market capitalization Because the fund invests in certain funds that focus on a particular market capitalization, its share price may be negatively affected if investing in that market capitalization falls out of favor. Small- and mid-cap companies often have less experienced management, more limited financial resources, and less publicly available information than larger companies, and tend to be more sensitive to changes in overall economic conditions. As a result, investments in small-cap and mid-cap companies are likely to be more volatile than investments in larger companies. However, larger companies may not be able to attain the high growth rates of successful smaller companies, especially during strong economic periods, and they may be less capable of responding quickly to competitive challenges and industry changes.

Investment style Because the fund invests in certain funds that focus on growth stocks and certain funds that focus on value stocks, its share price may be negatively affected if either investing approach falls out of favor. Growth stocks tend to be more volatile than the overall stock market and are more sensitive to changes in current or expected earnings. Value stocks carry the risk that investors will not recognize their intrinsic value for a long time or that they are actually appropriately priced at a low level.

Money market investments An underlying money market fund may not be able to maintain a stable $1.00 share price at all times. If a money market fund fails to maintain a stable net asset value, or if there is a perceived threat that a money market fund is likely to fail to maintain a stable net asset value, the underlying fund could experience significant redemption activity.
Performance
The following performance information provides some indication of the risks of investing in the fund. The fund’s performance information represents only past performance (before and after taxes) and is not necessarily an indication of future results.

The following bar chart illustrates how much returns can differ from year to year by showing calendar year returns and the best and worst calendar quarter returns during those years for the fund.
SPECTRUM INTERNATIONAL FUND Calendar Year Returns
Bar Chart
  Quarter Ended    Total Return  Quarter Ended     Total Return
Best Quarter             9/30/10             18.68%      Worst Quarter            9/30/11            -20.91%
The following table shows the average annual total returns for the fund, and also compares the returns with the returns of a relevant broad-based market index, as well as with the returns of one or more comparative indexes that have investment characteristics similar to those of the fund, if applicable.

In addition, the table shows hypothetical after-tax returns to demonstrate how taxes paid by a shareholder may influence returns. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as a 401(k) account or an IRA.
Average Annual Total Returns Periods ended December 31, 2019
Average Annual Total Returns - Spectrum International Fund
1 Year
5 Years
10 Years
Inception date
Spectrum International Fund 25.00% 6.27% 6.39% Dec. 31, 1996
Spectrum International Fund | Returns after taxes on distributions 24.11% 5.60% 5.91% Dec. 31, 1996
Spectrum International Fund | Returns after taxes on distributions and sale of fund shares 15.64% 4.90% 5.17% Dec. 31, 1996
MSCI All Country World Index ex USA Net (reflects no deduction for fees or expenses) [1] 21.51% 5.51% 4.97%  
MSCI All Country World Index ex USA (reflects no deduction for fees, expenses, or taxes) 22.13% 6.01% 5.45%  
Combined Index Portfolio Net (reflects no deduction for fees or expenses) [2] 21.51% 5.51% 4.97%  
Lipper International Multi-Cap Growth Funds Average 26.59% 6.39% 6.13%  
[1] Effective June 1, 2019, the MSCI All Country World Index ex USA Net replaced the MSCI All Country World Index ex USA as the fund’s primary benchmark. The new index assumes the reinvestment of dividends after the deduction of withholding taxes applicable to the country where the dividend is paid; as such, the returns of the new benchmark are more representative of the returns experienced by investors in foreign issuers.
[2] Combined Index Portfolio Net is an unmanaged blended benchmark that was composed of 90% MSCI EAFE Index Net /10% J.P. Morgan Global Government Bond Index ex U.S. to 2/28/09 and the 100% MSCI All Country World Index ex USA Net from 3/1/09 forward.
Updated performance information is available through troweprice.com.

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Total
Spectrum Income Fund
T. ROWE PRICE Spectrum Income Fund SUMMARY
Investment Objective(s)
The fund seeks a high level of current income with moderate share price fluctuation.
Fees and Expenses
This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the fund. You may also incur brokerage commissions and other charges when buying or selling shares of the fund, which are not reflected in the table.
Fees and Expenses of the Fund Shareholder fees (fees paid directly from your investment)
Shareholder Fees
Spectrum Income Fund
Spectrum Income Fund
USD ($)
Maximum account fee $ 20 [1],[2]
[1] Subject to certain exceptions, accounts with a balance of less than $10,000 are charged an annual $20 fee.
[2] While the fund itself charges no management fee, it will indirectly bear its pro-rata share of the expenses of the underlying T. Rowe Price funds in which it invests (acquired funds). The acquired funds are expected to bear the operating expenses of the fund.
Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Spectrum Income Fund
Spectrum Income Fund
[1]
Management fees
Distribution and service (12b-1) fees
Other expenses
Acquired fund fees and expenses 0.63%
Total annual fund operating expenses 0.63%
[1] While the fund itself charges no management fee, it will indirectly bear its pro-rata share of the expenses of the underlying T. Rowe Price funds in which it invests (acquired funds). The acquired funds are expected to bear the operating expenses of the fund.
Example
This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods, that your investment has a 5% return each year, and that the fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example
1 year
3 years
5 years
10 years
Spectrum Income Fund | Spectrum Income Fund | USD ($) 64 202 351 786
Portfolio Turnover
The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s performance. During the most recent fiscal year, the fund’s portfolio turnover rate was 24.1% of the average value of its portfolio.
Investments, Risks, and Performance Principal Investment Strategies
The fund broadly diversifies its assets among a set of T. Rowe Price mutual funds representing specific market segments. The fund, which normally invests in a variety of domestic and international bond funds, a money market fund, and an income-oriented stock fund, seeks to maintain broad exposure to several markets in an attempt to reduce the impact of markets that are declining and to benefit from good performance in particular market segments over time.

The fund can invest in funds holding high-quality domestic and foreign bonds, high-yield bonds (“junk” bonds), short- and long-term securities, dividend-paying stocks and other instruments (such as bank loans).

Within the ranges shown in the following table, the portfolio manager decides how much of the fund’s assets to allocate to underlying fund investments based on the outlook for, and on the relative valuations of, the underlying funds and the various markets in which they invest.

Asset Allocation Ranges for Underlying Funds

   
Spectrum Income Fund
Investment Range
Corporate Income
0%-10
%
Dynamic Global Bond
0%-10
%
Emerging Markets Bond
0%-20
%
Emerging Markets Local Currency Bond
0%-10
%
Equity Income
5%-25
%
Floating Rate
0%-15
%
GNMA
5%-20
%
High Yield
5%-25
%
Inflation Protected Bond
0%-10
%
International Bond
0%-15
%
International Bond (USD Hedged)
0%-20
%
Limited Duration Inflation Focused Bond
0%-10
%
New Income
10%-30
%
Short-Term Bond
0%-15
%
U.S. Treasury Intermediate
0%-10
%
U.S. Treasury Long-Term
0%-15
%
U.S. Treasury Money
0%-25
%
Ultra Short-Term Bond
0%-10
%

The fund may sell shares of the underlying funds for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into more promising opportunities.
Principal Risks
As with any fund, there is no guarantee that the fund will achieve its objective(s). The fund’s share price fluctuates, which means you could lose money by investing in the fund. The principal risks of investing in this fund, which may be even greater during periods of market disruption or volatility, are summarized as follows:

Market conditions The value of the fund’s investments may decrease, sometimes rapidly or unexpectedly, due to factors affecting an issuer held by the fund, particular industries, or the overall securities markets. A variety of factors can increase the volatility of the fund’s holdings and markets generally, including political or regulatory developments, recessions, inflation, rapid interest rate changes, war or acts of terrorism, natural disasters, and outbreaks of infectious illnesses or other widespread public health issues. Certain events may cause instability across global markets, including reduced liquidity and disruptions in trading markets, while some events may affect certain geographic regions, countries, sectors, and industries more significantly than others. These adverse developments may cause broad declines in market value due to short-term market movements or for significantly longer periods during more prolonged market downturns.

Asset allocation The fund’s overall level of risk will directly correspond to the risks of the underlying funds in which it invests. By investing in many underlying funds, the fund has partial exposure to the risks of different areas of the market. However, the selection of the underlying funds and the allocation of the fund’s assets among the various asset classes, market sectors, and investment styles represented by those underlying funds could cause the fund to underperform other funds with a similar benchmark or investment objective.

Investments in other funds The fund bears the risk that its underlying funds will fail to successfully employ their investment strategies. One or more underlying fund’s underperformance or failure to meet its investment objectives as intended could cause the fund to underperform similarly managed funds.

Bond exposure An underlying bond fund’s share price can fall because of various factors affecting bonds or due to general weakness in the overall bond markets. The fund invests in underlying funds with varying levels of credit risk, interest rate risk, and liquidity risk. At times, participants in bond markets may develop concerns about the ability of certain issuers to make timely principal and interest payments, or they may develop concerns about the ability of financial institutions that make markets in certain debt instruments to facilitate an orderly market. Those concerns could cause increased volatility and reduced liquidity in particular securities or in the overall bond markets and the related derivatives markets, which could hamper an underlying fund’s ability to sell the bonds in which it invests or to find and purchase suitable investments.

Interest rates The prices of, and the income generated by, bonds and other debt instruments held by an underlying fund may be affected by changes in interest rates. A rise in interest rates typically causes the price of a fixed rate debt instrument to fall and its yield to rise. Conversely, a decline in interest rates typically causes the price of a fixed rate debt instrument to rise and the yield to fall. Generally, underlying bond funds with longer weighted average maturities and durations carry greater interest rate risk.

Prepayments and extensions Underlying funds that invest in mortgage-backed securities, other asset-backed securities, or any debt instrument with an embedded call option are subject to prepayment risks because the principal on the security may be prepaid at any time, which could reduce the security’s yield and market value. The rate of prepayments tends to increase as interest rates fall, which could cause the average maturity of the underlying fund’s portfolio to shorten. Extension risk may result from a rise in interest rates, which tends to make mortgage-backed securities, asset-backed securities, and other callable debt instruments more volatile.

Junk investing Investments in bonds that are rated below investment grade, commonly referred to as junk bonds, and loans that are rated below investment grade, expose an underlying fund to greater volatility and credit risk than investments in securities that are rated investment-grade. Issuers of junk bonds and loans are usually not as strong financially and are more likely to suffer an adverse change in financial condition that would result in the inability to meet a financial obligation. As a result, bonds and loans rated below investment grade carry a higher risk of default and should be considered speculative.

Credit quality An issuer of a debt instrument held by an underlying fund could suffer an adverse change in financial condition that results in a payment default (failure to make scheduled interest or principal payments), rating downgrade, or inability to meet a financial obligation. The fund’s exposure to credit risk is increased to the extent the fund invests in underlying funds that hold securities that are not considered investment-grade. Holdings that are rated below investment grade carry greater risk of default and erratic price swings due, in part, to potentially adverse changes in the credit quality of the issuer.

International investing Investing in funds that hold the securities of non-U.S. issuers involves special risks not typically associated with investing in funds that hold securities of U.S. issuers. Non-U.S. securities tend to be more volatile and have lower overall liquidity than investments in U.S. securities and may lose value because of adverse local, political, social, or economic developments overseas, or due to changes in the exchange rates between foreign currencies and the U.S. dollar. In addition, investments outside the U.S. are subject to settlement practices and regulatory and financial reporting standards that differ from those of the U.S. The risks of investing outside the U.S. are heightened for any investments in emerging markets, which are susceptible to greater volatility than investments in developed markets.

Emerging markets Investing in funds that hold securities of issuers in emerging market countries involve greater risk and overall volatility than investing in funds that hold securities of issuers in the U.S. and developed markets. Emerging market countries tend to have economic structures that are less diverse and mature, and political systems that are less stable, than those of developed countries. In addition to the risks normally associated with investing outside the U.S., emerging markets are more susceptible to governmental interference, political and economic uncertainty, local taxes and restrictions on an underlying fund’s investments, less efficient trading markets with lower overall liquidity, and more volatile currency exchange rates.

Bank loans Underlying funds that invest in bank loans expose the fund to additional risks beyond those normally associated with more traditional debt instruments. An underlying fund’s ability to receive payments in connection with a loan depends primarily on the financial condition of the borrower and whether or not a loan is secured by collateral, although there is no assurance that the collateral securing a loan will be sufficient to satisfy the loan obligation. In addition, bank loans often have contractual restrictions on resale, which can delay the sale and adversely impact the sale price and have significantly longer settlement periods than more traditional investments. Bank loans often involve borrowers whose financial condition is troubled or highly leveraged, which increases an underlying fund’s risk that the fund may not receive its proceeds in a timely manner or that the fund may incur losses in order to pay redemption proceeds to its shareholders.

Dividend-paying stocks To the extent the fund invests in an underlying fund that focuses on dividend-paying stocks, it is exposed to greater volatility and the risk of stock market declines that could cause the fund to underperform funds with similar objectives. Stocks of established companies paying high dividends may not participate in a broad market advance to the same degree as most other stocks, and a sharp rise in interest rates could cause a company to reduce or eliminate its dividend.

Liquidity An underlying fund may not be able to meet requests to redeem shares without significant dilution of the remaining shareholders’ interest in the fund. A particular investment or an entire market segment may become less liquid or even illiquid, sometimes abruptly, which could limit a fund’s ability to purchase or sell holdings in a timely manner at a desired price. Reduced liquidity can result from a number of events, such as limited trading activity, reductions in bond inventory, and rapid or unexpected changes in interest rates. Large redemptions may also have a negative impact on an underlying fund’s overall liquidity.

Money market investments An underlying money market fund may not be able to maintain a stable $1.00 share price at all times. If a money market fund fails to maintain a stable net asset value, or if there is a perceived threat that a money market fund is likely to fail to maintain a stable net asset value, the underlying fund could experience significant redemption activity.
Performance
The following performance information provides some indication of the risks of investing in the fund. The fund’s performance information represents only past performance (before and after taxes) and is not necessarily an indication of future results.

The following bar chart illustrates how much returns can differ from year to year by showing calendar year returns and the best and worst calendar quarter returns during those years for the fund.
SPECTRUM INCOME FUND Calendar Year Returns
Bar Chart
  Quarter Ended    Total Return  Quarter Ended     Total Return
Best Quarter             9/30/10             5.64%      Worst Quarter            9/30/11            -3.56%
The following table shows the average annual total returns for the fund, and also compares the returns with the returns of a relevant broad-based market index, as well as with the returns of one or more comparative indexes that have investment characteristics similar to those of the fund, if applicable.

In addition, the table shows hypothetical after-tax returns to demonstrate how taxes paid by a shareholder may influence returns. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as a 401(k) account or an IRA.
Average Annual Total Returns Periods ended December 31, 2019
Average Annual Total Returns - Spectrum Income Fund
1 Year
5 Years
10 Years
Inception date
Spectrum Income Fund 11.55% 4.26% 5.19% Jun. 29, 1990
Spectrum Income Fund | Returns after taxes on distributions 9.97% 2.68% 3.58% Jun. 29, 1990
Spectrum Income Fund | Returns after taxes on distributions and sale of fund shares 6.96% 2.66% 3.44% Jun. 29, 1990
Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes) 8.72% 3.05% 3.75%  
Lipper Multi-Sector Income Funds Average 9.77% 3.91% 5.18%  
Updated performance information is available through troweprice.com.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName T. Rowe Price Spectrum Fund, Inc.
Prospectus Date rr_ProspectusDate May 01, 2020
Spectrum Growth Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading T. ROWE PRICE Spectrum Growth Fund SUMMARY
Objective [Heading] rr_ObjectiveHeading Investment Objective(s)
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The fund seeks long-term capital appreciation
Objective, Secondary [Text Block] rr_ObjectiveSecondaryTextBlock and growth of income with current income a secondary objective.
Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the fund. You may also incur brokerage commissions and other charges when buying or selling shares of the fund, which are not reflected in the table.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Fees and Expenses of the Fund Shareholder fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s performance. During the most recent fiscal year, the fund’s portfolio turnover rate was 19.3% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 19.30%
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods, that your investment has a 5% return each year, and that the fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Strategy [Heading] rr_StrategyHeading Investments, Risks, and Performance Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The fund broadly diversifies its assets among a set of T. Rowe Price mutual funds representing specific market segments. The fund, which normally invests in a variety of domestic and international equity funds and, from time to time, a money market fund, seeks to maintain broad exposure to several markets in an attempt to reduce the impact of markets that are declining and to benefit from good performance in particular market segments over time.

The fund can invest in funds holding U.S. and international stocks; stocks of companies involved in activities related to commodities and other real assets; small-cap, mid-cap, and large-cap stocks; and growth and value stocks.

Within the ranges shown in the following table, the portfolio manager decides how much of the fund’s assets to allocate to underlying fund investments based on the outlook for, and on the relative valuations of, the underlying funds and the various markets in which they invest.

Asset Allocation Ranges for Underlying Funds

   
Spectrum Growth Fund
Investment Range
Blue Chip Growth
5%-25
%
Dividend Growth
0%-25
%
Emerging Markets Stock
0%-10
%
Equity Income
5%-25
%
Growth & Income
0%-25
%
Growth Stock
5%-25
%
International Discovery
0%-10
%
International Stock
0%-20
%
International Value Equity
0%-20
%
Mid-Cap Growth
0%-15
%
Mid-Cap Value
0%-15
%
New Horizons
0%-15
%
Real Assets
0%-10
%
Small-Cap Value
0%-15
%
U.S. Treasury Money
0%-25
%
Value
5%-25
%

The fund may sell shares of the underlying funds for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into more promising opportunities.
Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock As with any fund, there is no guarantee that the fund will achieve its objective(s). The fund’s share price fluctuates, which means you could lose money by investing in the fund. The principal risks of investing in this fund, which may be even greater during periods of market disruption or volatility, are summarized as follows:

Market conditions The value of the fund’s investments may decrease, sometimes rapidly or unexpectedly, due to factors affecting an issuer held by the fund, particular industries, or the overall securities markets. A variety of factors can increase the volatility of the fund’s holdings and markets generally, including political or regulatory developments, recessions, inflation, rapid interest rate changes, war or acts of terrorism, natural disasters, and outbreaks of infectious illnesses or other widespread public health issues. Certain events may cause instability across global markets, including reduced liquidity and disruptions in trading markets, while some events may affect certain geographic regions, countries, sectors, and industries more significantly than others. These adverse developments may cause broad declines in market value due to short-term market movements or for significantly longer periods during more prolonged market downturns.

Asset allocation The fund’s overall level of risk will directly correspond to the risks of the underlying funds in which it invests. By investing in many underlying funds, the fund has partial exposure to the risks of different areas of the market. However, the selection of the underlying funds and the allocation of the fund’s assets among the various asset classes, market sectors, and investment styles represented by those underlying funds could cause the fund to underperform other funds with a similar benchmark or investment objective.

Investments in other funds The fund bears the risk that its underlying funds will fail to successfully employ their investment strategies. One or more underlying fund’s underperformance or failure to meet its investment objectives as intended could cause the fund to underperform similarly managed funds.

Stock exposure An underlying stock fund’s share price can fall because of weakness in the overall stock markets, a particular industry, or specific holdings. Stocks generally fluctuate in value more than bonds and may decline significantly over short time periods. There is a chance that stock prices overall will decline because stock markets tend to move in cycles, with periods of rising and falling prices. The value of an underlying stock fund may decline due to general weakness or volatility in the stock markets, adverse conditions impacting a particular industry or market sector, or factors affecting an investment style or market capitalization targeted by the fund.

International investing Investing in funds that hold the securities of non-U.S. issuers involves special risks not typically associated with investing in funds that hold securities of U.S. issuers. Non-U.S. securities tend to be more volatile and have lower overall liquidity than investments in U.S. securities and may lose value because of adverse local, political, social, or economic developments overseas, or due to changes in the exchange rates between foreign currencies and the U.S. dollar. In addition, investments outside the U.S. are subject to settlement practices and regulatory and financial reporting standards that differ from those of the U.S. The risks of investing outside the U.S. are heightened for any investments in emerging markets, which are susceptible to greater volatility than investments in developed markets.

Emerging markets Investing in funds that hold securities of issuers in emerging market countries involve greater risk and overall volatility than investing in funds that hold securities of issuers in the U.S. and developed markets. Emerging market countries tend to have economic structures that are less diverse and mature, and political systems that are less stable, than those of developed countries. In addition to the risks normally associated with investing outside the U.S., emerging markets are more susceptible to governmental interference, political and economic uncertainty, local taxes and restrictions on an underlying fund’s investments, less efficient trading markets with lower overall liquidity, and more volatile currency exchange rates.

Market capitalization Because the fund invests in certain funds that focus on a particular market capitalization, its share price may be negatively affected if investing in that market capitalization falls out of favor. Small- and mid-cap companies often have less experienced management, more limited financial resources, and less publicly available information than larger companies, and tend to be more sensitive to changes in overall economic conditions. As a result, investments in small-cap and mid-cap companies are likely to be more volatile than investments in larger companies. However, larger companies may not be able to attain the high growth rates of successful smaller companies, especially during strong economic periods, and they may be less capable of responding quickly to competitive challenges and industry changes.

Investment style Because the fund invests in certain funds that focus on growth stocks and certain funds that focus on value stocks, its share price may be negatively affected if either investing approach falls out of favor. Growth stocks tend to be more volatile than the overall stock market and are more sensitive to changes in current or expected earnings. Value stocks carry the risk that investors will not recognize their intrinsic value for a long time or that they are actually appropriately priced at a low level.

Dividend-paying stocks To the extent the fund invests in an underlying fund that focuses on dividend-paying stocks, it is exposed to greater volatility and the risk of stock market declines that could cause the fund to underperform funds with similar objectives. Stocks of established companies paying high dividends may not participate in a broad market advance to the same degree as most other stocks, and a sharp rise in interest rates could cause a company to reduce or eliminate its dividend.

Money market investments An underlying money market fund may not be able to maintain a stable $1.00 share price at all times. If a money market fund fails to maintain a stable net asset value, or if there is a perceived threat that a money market fund is likely to fail to maintain a stable net asset value, the underlying fund could experience significant redemption activity.
Risk Lose Money [Text] rr_RiskLoseMoney The fund’s share price fluctuates, which means you could lose money by investing in the fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following performance information provides some indication of the risks of investing in the fund. The fund’s performance information represents only past performance (before and after taxes) and is not necessarily an indication of future results.

The following bar chart illustrates how much returns can differ from year to year by showing calendar year returns and the best and worst calendar quarter returns during those years for the fund.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following performance information provides some indication of the risks of investing in the fund. The following bar chart illustrates how much returns can differ from year to year by showing calendar year returns and the best and worst calendar quarter returns during those years for the fund. The following table shows the average annual total returns for the fund, and also compares the returns with the returns of a relevant broad-based market index, as well as with the returns of one or more comparative indexes that have investment characteristics similar to those of the fund, if applicable.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress troweprice.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The fund’s performance information represents only past performance (before and after taxes) and is not necessarily an indication of future results.
Bar Chart [Heading] rr_BarChartHeading SPECTRUM GROWTH FUND Calendar Year Returns
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
  Quarter Ended    Total Return  Quarter Ended     Total Return
Best Quarter             3/31/12             14.29%      Worst Quarter            9/30/11            -16.95%
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns Periods ended December 31, 2019
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as a 401(k) account or an IRA.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock The following table shows the average annual total returns for the fund, and also compares the returns with the returns of a relevant broad-based market index, as well as with the returns of one or more comparative indexes that have investment characteristics similar to those of the fund, if applicable.

In addition, the table shows hypothetical after-tax returns to demonstrate how taxes paid by a shareholder may influence returns. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as a 401(k) account or an IRA.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available through troweprice.com.
Spectrum Growth Fund | Spectrum Growth Fund  
Risk/Return: rr_RiskReturnAbstract  
Maximum account fee rr_MaximumAccountFee $ 20 [1],[2]
Management fees rr_ManagementFeesOverAssets [2]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets [2]
Other expenses rr_OtherExpensesOverAssets [2]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.76% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 0.76% [2]
1 year rr_ExpenseExampleYear01 $ 78
3 years rr_ExpenseExampleYear03 243
5 years rr_ExpenseExampleYear05 422
10 years rr_ExpenseExampleYear10 $ 942
2010 rr_AnnualReturn2010 16.88%
2011 rr_AnnualReturn2011 (3.60%)
2012 rr_AnnualReturn2012 18.13%
2013 rr_AnnualReturn2013 28.59%
2014 rr_AnnualReturn2014 5.60%
2015 rr_AnnualReturn2015 0.75%
2016 rr_AnnualReturn2016 7.84%
2017 rr_AnnualReturn2017 25.52%
2018 rr_AnnualReturn2018 (8.53%)
2019 rr_AnnualReturn2019 27.03%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 31, 2012
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 14.29%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (16.95%)
1 Year rr_AverageAnnualReturnYear01 27.03%
5 Years rr_AverageAnnualReturnYear05 9.64%
10 Years rr_AverageAnnualReturnYear10 11.09%
Inception date rr_AverageAnnualReturnInceptionDate Jun. 29, 1990
Spectrum Growth Fund | Returns after taxes on distributions | Spectrum Growth Fund  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 24.46%
5 Years rr_AverageAnnualReturnYear05 7.30%
10 Years rr_AverageAnnualReturnYear10 9.52%
Inception date rr_AverageAnnualReturnInceptionDate Jun. 29, 1990
Spectrum Growth Fund | Returns after taxes on distributions and sale of fund shares | Spectrum Growth Fund  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 17.73%
5 Years rr_AverageAnnualReturnYear05 7.21%
10 Years rr_AverageAnnualReturnYear10 8.89%
Inception date rr_AverageAnnualReturnInceptionDate Jun. 29, 1990
Spectrum Growth Fund | Russell 3000® Index (reflects no deduction for fees, expenses, or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 31.02%
5 Years rr_AverageAnnualReturnYear05 11.24%
10 Years rr_AverageAnnualReturnYear10 13.42%
Spectrum Growth Fund | Combined Index Portfolio Net (reflects no deduction for fees or expenses)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 28.16% [3]
5 Years rr_AverageAnnualReturnYear05 9.61% [3]
10 Years rr_AverageAnnualReturnYear10 11.08% [3]
Spectrum Growth Fund | S&P 500 Index (reflects no deduction for fees, expenses, or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 31.49%
5 Years rr_AverageAnnualReturnYear05 11.70%
10 Years rr_AverageAnnualReturnYear10 13.56%
Spectrum Growth Fund | Lipper Multi-Cap Core Funds Index  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 29.31%
5 Years rr_AverageAnnualReturnYear05 9.73%
10 Years rr_AverageAnnualReturnYear10 11.82%
[1] Subject to certain exceptions, accounts with a balance of less than $10,000 are charged an annual $20 fee.
[2] While the fund itself charges no management fee, it will indirectly bear its pro-rata share of the expenses of the underlying T. Rowe Price funds in which it invests (acquired funds). The acquired funds are expected to bear the operating expenses of the fund.
[3] Combined Index Portfolio Net is an unmanaged blended benchmark that from 9/1/08 through 4/30/11, was composed of 80% the Russell 3000® Index and 20% the MSCI All Country World ex USA Index Net. From 5/1/11 through 7/31/12, the blended benchmark was composed of the Russell 3000® Index (ranging from 79%-71.01%) and the MSCI All Country World ex USA Index Net (ranging from 21%-28.99%). From 8/1/12 through 3/10/15, the blended benchmark was composed of 70% the Russell 3000® Index and 30% the MSCI All Country World ex USA Index Net. Since 3/11/15, the blended benchmark has been composed of 70% the Russell 3000® Index and 30% the MSCI All Country World Index ex USA Investable Market Index Net. The indices and percentages may vary over time.
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