Investment Research Tool

Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, yield, and return will vary and you may have a gain or loss when you sell your shares. For performance current to the most recent month-end, select the fund name above. 

Please click here for important Information regarding the T. Rowe Price Government Reserve and T. Rowe Price Treasury Reserve Funds, including daily and weekly liquid asset levels, portfolio holdings, each fund's market-based net asset value, and net shareholder flows. The T. Rowe Price Government Reserve and T. Rowe Price Treasury Reserve Funds are not available for direct purchase by members of the public, and their shares are offered solely to institutional investors pursuant to an exemption from the registration requirements under the federal securities law. The investment in either fund is generally made by T. Rowe Price on behalf of its mutual funds and institutional clients. The disclosure of either of the fund’s daily and weekly liquid asset levels, portfolio holdings, the funds' market-based net asset value, net shareholder flows, and other information shall not be deemed to be an offer or a solicitation to purchase shares of either fund.

In an effort to maintain a zero or positive net yield, T. Rowe Price has voluntarily waived or reimbursed all or a portion of the management fee and operating expenses it is entitled to receive from the fund.  The 7- day yield without waiver (which can be viewed by clicking on the fund name above) represents what the yield would have been if we were not waiving those fees.  In addition, the fund’s performance without the fee waiver or reimbursement would also have been lower. This voluntary waiver is in addition to any contractual expense ratio limitation in effect for the fund and may be amended or terminated at any time without prior notice. Please see the prospectus for more details.

All investments involve market risk, including the possible loss of principal. 

Average annual total return figures include changes in principal value, reinvested dividends, and capital gain distributions. Returns for periods less than one year are not annualized. For funds less than one year old, the Since Inception return figure is not annualized and represents an aggregate total return.

4 Closed to new investors except for a direct rollover from a retirement plan into a T. Rowe Price IRA invested in this fund.

5 Certain limited exceptions may apply to these scenarios. The funds reserve the right, when in the judgment of T. Rowe Price, it is not adverse to a fund's interest, to permit certain types of investors to open new accounts in a fund, to impose further restrictions, or to close a fund to any additional investments, all without notice.

Separately Managed Accounts (SMA) are managed by T. Rowe Price Associates, Inc. and are available exclusively through financial professionals. Managed accounts have a minimum asset level and may not be suitable for all investors.

‡ 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 the sale of your shares or may temporarily suspend your ability to sell shares if the Fund's liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

‡‡ 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 insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

*The T. Rowe Price Funds-Advisor Class share the portfolio of an existing fund (the original share class of the fund is referred to as the "investor class"). The total return figures for Advisor Class shares have been calculated using the performance data of the investor class up to the inception date of the Advisor Class (shown above) and the actual performance results of the Advisor Class since that date. The performance results of the investor class have not been adjusted to reflect the 12b-1 fee associated with the Advisor Class (0.25%). Had this fee been included, the performance would have been lower. The inception date shown next to the since inception return in the chart above is the date on which the Investor Class started operations.

*The T. Rowe Price Funds-I Class share the portfolio of an existing fund (the original share class of the fund is referred to as the "investor class"). The total return figures for I Class shares have been calculated using the performance data of the investor class up to the inception date of the I Class (shown above) and the actual performance results of the I Class since that date.  Because the I Classes are expected to have lower expenses than the Investor Classes, The I Class performance, had it existed over the periods shown, would have been higher. The inception date shown next to the since inception return in the chart above is the date on which the Investor Class started operations.

*Each F Class of a T. Rowe Price fund shares the portfolio of an existing fund (the original share class of the fund is referred to as the "Institutional Class"). The total return figures for the F Class shares show the performance data of the Institutional Class up to the inception date of the F Class combined with the performance data of the F Class since its inception. (The performance results of the Institutional Class have not been adjusted to reflect the administrative fee payments (AFP) associated with the F Class (up to a maximum annual rate of 0.15%). Had the AFP been included, the performance would have been lower. The inception date shown next to the since inception return in the chart above is the date on which the Institutional Class started operations.

This material being furnished for general informational purposes only. It does not constitute or undertake to give advice of any nature, including fiduciary investment advice, and prospective investors are recommended to seek independent legal, financial and tax advice before making any investment decision.

T. Rowe Price mutual funds are distributed by T. Rowe Price Investment Services, Inc. T. Rowe Price Separately Managed Accounts are advised by T. Rowe Price Associates, Inc., a registered investment adviser.