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Performance data quoted represents past performance and is not a reliable indicator of future performance. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. The fund's total return figures reflect the reinvestment of dividends and capital gains, if any.

All investments are subject to risks, including the possible loss of principal.

Returns for time periods greater than one year are annualized.

Recent Performance values represent total returns as of

Average Annual Total Returns values represent total returns as of

Calculated:
Fund Name
  Recent
Performance
Average Annual Total Returns Expense Ratio
  (Monthly) (Monthly)  
  Year to
Date %
One Month % Three Months % 1 YR % 3 YR % 5 YR % 10 YR % Since
Inception %
Gross % Net % Limitation
Type
Expiration
Date
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GIPS® Information

T. Rowe Price ("TRP") claims compliance with the Global Investment Performance Standards (GIPS®). TRP has been independently verified for the twenty one- year period ended June 30, 2017 by KPMG LLP. The verification report is available upon request. Verification assesses whether (1) the firm has complied with all the composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm's policies and procedures are designed to calculate and present performance in compliance with the GIPS standards. Verification does not ensure the accuracy of any specific composite presentation.

TRP is a U.S. investment management firm with various investment advisers registered with the U.S. Securities and Exchange Commission, the U.K. Financial Conduct Authority, and other regulatory bodies in various countries and holds itself out as such to potential clients for GIPS purposes. TRP further defines itself under GIPS as a discretionary investment manager providing services primarily to institutional clients with regard to various mandates, which include U.S, international, and global strategies but excluding the services of the Private Asset Management group.

A complete list and description of all of the Firm's composites and/or a presentation that adheres to the GIPS® standards are available upon request. Additional information regarding the firm's policies and procedures for calculating and reporting performance results is available upon request

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