These prospectuses are for funds offered and sold generally only to investors located in the United States.
These prospectuses are for funds offered and sold generally only to investors located in the United States.
T. Rowe Price mutual funds are available to a wide variety of investors located generally only in the United States, including individuals, institutions and retirement plans. T. Rowe Price mutual funds may be purchased directly from T. Rowe Price, through a retirement plan recordkeeper, or another financial intermediary.
Exchange Traded Funds (ETFs) are funds that trade on an exchange like a stock. Individual investors must buy or sell Shares of ETFs through an online brokerage account or a financial advisor. Ordinary commission rates will apply.
Variable Insurance Portfolios are only available through insurance companies that are currently offering separate accounts established for the purpose of funding variable annuity and variable life insurance contracts and are not otherwise available. Please refer to the variable annuity or variable life contracts that are described in separate prospectuses issued by the insurance companies.
These mutual funds are not available for direct purchase by members of the public. Please see each fund’s prospectus for further details.
*Retail Money Market Funds: You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon sale of your shares. An investment in the Fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. T. Rowe Price Associates, Inc. is not required to reimburse the Fund for losses, and you should not expect that T. Rowe Price Associates, Inc. will provide financial support to the Fund at any time, including during periods of market stress.
**Government Money Market Funds: You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. T. Rowe Price Associates, Inc. is not required to reimburse the Fund for losses, and you should not expect that T. Rowe Price Associates, Inc. will provide financial support to the Fund at any time, including during periods of market stress.
^ Monthly Portfolio Holdings for Money Market funds are available at https://www.troweprice.com/personal-investing/mutual-funds/prospectuses-reports/money-funds-monthly-portfolio-holdings.html.
^^ The Z Class is only available to funds managed by T. Rowe Price and other advisory clients of T. Rowe Price or its affiliates that are subject to a contractual fee for investment management services.
***The Fund did not hold any securities it was entitled to vote and therefore does not have any proxy votes to report.
These prospectuses are for funds offered and sold generally only to investors located in the United States. T. Rowe Price Investment Services, Inc., Distributor.
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