All or a portion of your ordinary income dividend from a fund may be taxed at a reduced capital gains rate rather than the higher marginal rates applicable to ordinary income. The amount of your dividend subject to this lower rate is reported in Box 1b of your Form 1099-DIV mailed in late January. The tax forms for the T. Rowe Price Real Assets, Real Estate, Global Real Estate, Mid-Cap Value, and Small-Cap Value Funds mail in mid-February.
The tables below report the percentage of the ordinary dividend paid by the T. Rowe Price funds that qualify for the lower dividend rate. The data is provided here for informational purposes only and to assist you in your tax planning. In preparing your tax return, please use the amount in Box 1b of your Form 1099-DIV.
To treat a dividend as qualifying for lower rates, you must have held your shares on which you received the dividend for at least 61 days during the 121-day period beginning 60 days before the ex-dividend date of the distribution. Find your fund's ex-dividend date.
In addition, the ordinary dividend of a fund (the amount included in Box 1a of Form 1099-DIV) includes net short-term capital gains and foreign taxes paid, which may not qualify for the lower rates. As a result, the percentage of the Box 1a amount that qualifies for the lower tax rate can vary widely from year to year, depending on the amount of short-term gains and foreign taxes reported by the fund.
If you own a fund that has more than one distribution during the year, the amount reported in Box 1b of your Form 1099-DIV will be based on the qualifying percentage for each distribution.
Calculations based on the percentages below may yield amounts that differ from the amounts on your Form 1099-DIV due to rounding.
| T. Rowe Price Fund | Qualified Dividend Income Percentage1 |
|---|---|
| All-Cap Opportunities | 65.54% |
| Balanced | 43.32% |
| Blue Chip Growth | 100.00% |
| Capital Appreciation | 13.04% |
| Capital Appreciation and Income | 16.12% |
| Communications & Technology | 99.23% |
| Diversified Mid-Cap Growth | 28.52% |
| Dividend Growth | 100.00% |
| Equity Income | 100.00% |
| Equity Index 500 | 99.86% |
| Extended Equity Market Index | 71.85% |
| Financial Services | 80.57% |
| Growth Stock | 100.00% |
| Health Sciences | 100.00% |
| Hedged Equity | 17.26% |
| Integrated U.S. Large-Cap Value Equity | 100.00% |
| Integrated U.S. Small-Cap Growth Equity | — |
| Integrated U.S. Small-Mid Cap Core Equity | 100.00% |
| Large-Cap Growth | 100.00% |
| Large-Cap Value | 100.00% |
| Mid-Cap Growth | 100.00% |
| Mid-Cap Value | 75.10% |
| Multi-Strategy Total Return | 3.48% |
| New Horizons | 34.48% |
| Real Assets | 40.84% |
| Real Estate | 2.41% |
| Science & Technology | 7.47% |
| Small-Cap Stock | 100.00% |
| Small-Cap Value | 95.70% |
| Spectrum Conservative Allocation | 15.48% |
| Spectrum Moderate Allocation | 30.87% |
| Spectrum Moderate Growth Allocation | 59.26% |
| Tax-Efficient Equity | — |
| Total Equity Market Index | 100.00% |
| U.S. Equity Research | 100.00% |
| U.S. Large-Cap Core | 95.42% |
| Value | 97.04% |
International/Global Stock Funds
| T. Rowe Price Fund | Qualified Dividend Income Percentage1 |
|---|---|
| Africa & Middle East | 9.29% |
| Asia Opportunities | 100.00% |
| China Evolution Equity | 66.49% |
| Emerging Europe | 100.00% |
| Emerging Markets Discovery Stock | 26.71% |
| Emerging Markets Stock | 54.11% |
| European Stock | 90.16% |
| Global Allocation | 31.50% |
| Global Consumer | 100.00% |
| Global Growth Stock | 100.00% |
| Global Impact Equity | 100.00% |
| Global Industrials | 100.00% |
| Global Real Estate | 32.32% |
| Global Stock | 100.00% |
| Global Technology | — |
| Global Value Equity | 54.42% |
| Integrated Global Equity | 62.50% |
| International Disciplined Equity | 32.65% |
| International Discovery | 57.94% |
| International Equity Index | 58.51% |
| International Stock | 42.73% |
| International Value Equity | 78.29% |
| Japan | 40.99% |
| Latin America | 70.02% |
| New Asia | 80.20% |
| New Era | 100.00% |
| Overseas Stock | 96.96% |
International/Global Bond Funds
| T. Rowe Price Fund | Qualified Dividend Income Percentage1 |
|---|---|
| Dynamic Credit | 0.67% |
| Dynamic Global Bond | — |
| Emerging Markets Bond | — |
| Emerging Markets Corporate Bond | — |
| Emerging Markets Local Currency Bond | — |
| Global High Income Bond | 0.73% |
| Global Multi-Sector Bond | — |
| International Bond | — |
| International Bond (USD Hedged) | — |
| T. Rowe Price Fund | Qualified Dividend Income Percentage1 |
|---|---|
Cash Reserves |
— |
| Corporate Income | — |
| Credit Opportunities | 1.73% |
| Floating Rate | 0.20% |
| GNMA | — |
| Government Money | — |
| High Yield | 1.08% |
| Inflation Protected Bond | — |
| Limited Duration Inflation Focused Bond | — |
| New Income | — |
| QM U.S. Bond Index | — |
| Short Duration Income | — |
| Short-Term Bond | — |
| Total Return | 0.39% |
| Ultra Short-Term Bond | — |
| U.S. High Yield | 0.53% |
| U.S. Limited Duration TIPS Index | — |
| U.S. Treasury Intermediate Index | — |
| U.S. Treasury Long-Term Index | — |
| U.S. Treasury Money | — |
| T. Rowe Price Fund | Qualified Dividend Income Percentage1 |
|---|---|
| California Tax-Free Bond | — |
| Georgia Tax-Free Bond | — |
| Intermediate Tax-Free High Yield | — |
| Maryland Short-Term Tax-Free Bond | — |
| Maryland Tax-Free Bond | — |
| Maryland Tax-Free Money | — |
| New Jersey Tax-Free Bond | — |
| New York Tax-Free Bond | — |
| Summit Municipal Income | — |
| Summit Municipal Intermediate | — |
| Tax-Exempt Money | — |
| Tax-Free High Yield | — |
| Tax-Free Income | — |
| Tax-Free Short-Intermediate | — |
| Virginia Tax-Free Bond | — |
| T. Rowe Price Fund | Qualified Dividend Income Percentage1 |
|---|---|
| Retirement 2005 | 16.75% |
| Retirement 2010 | 19.17% |
| Retirement 2015 | 22.12% |
| Retirement 2020 | 23.78% |
| Retirement 2025 | 27.30% |
| Retirement 2030 | 38.93% |
| Retirement 2035 | 56.65% |
| Retirement 2040 | 75.30% |
| Retirement 2045 | 94.03% |
| Retirement 2050 | 100.00% |
| Retirement 2055 | 100.00% |
| Retirement 2060 | 100.00% |
| Retirement 2065 | 94.60% |
| Retirement 2070 | 74.55% |
| Retirement Balanced | 16.04% |
| Retirement Blend 2005 | 16.47% |
| Retirement Blend 2010 | 19.05% |
| Retirement Blend 2015 | 19.38% |
| Retirement Blend 2020 | 21.73% |
| Retirement Blend 2025 | 24.95% |
| Retirement Blend 2030 | 34.02% |
| Retirement Blend 2035 | 47.36% |
| Retirement Blend 2040 | 57.68% |
| Retirement Blend 2045 | 67.50% |
| Retirement Blend 2050 | 69.95% |
| Retirement Blend 2055 | 70.41% |
| Retirement Blend 2060 | 70.63% |
| Retirement Blend 2065 | 71.58% |
| Retirement Blend 2070 | 64.41% |
| Retirement Income 2020 | 21.39% |
| Retirement Income 2025 | 26.94% |
| Spectrum Diversified Equity | 100.00% |
| Spectrum Income | 0.28% |
| Spectrum International Equity | 79.97% |
| Target 2005 | 11.67% |
| Target 2010 | 12.77% |
| Target 2015 | 13.53% |
| Target 2020 | 14.46% |
| Target 2025 | 17.46% |
| Target 2030 | 24.70% |
| Target 2035 | 36.07% |
| Target 2040 | 52.61% |
| Target 2045 | 64.36% |
| Target 2050 | 82.05% |
| Target 2055 | 84.78% |
| Target 2060 | 90.27% |
| Target 2065 | 89.07% |
| Target 2070 | 79.76% |
| T. Rowe Price ETF | Qualified Dividend Income Percentage1 |
|---|---|
| Active Core International Equity ETF | — |
| Active Core U.S. Equity ETF | — |
| Blue Chip Growth ETF | — |
| Capital Appreciation Equity ETF | 100.00% |
| Capital Appreciation Premium Income ETF | 1.32% |
| Dividend Growth ETF | 100.00% |
| Equity Income ETF | 100.00% |
| Financials ETF | 100.00% |
| Floating Rate ETF | 0.13% |
| Global Equity ETF | 100.00% |
| Growth ETF | 100.00% |
| Growth Stock ETF | — |
| Health Care ETF | 72.23% |
| Hedged Equity ETF | 11.60% |
| High Income Municipal ETF | — |
| Intermediate Municipal Income ETF | — |
| International Equity ETF | 79.93% |
| International Equity Research ETF | 59.10% |
| Long Municipal Income ETF | — |
| Multi-Sector Income ETF | — |
| Natural Resources ETF | 92.43% |
| QM U.S. Bond ETF | — |
| Short Municipal Income ETF | — |
| Small-Mid Cap ETF | 100.00% |
| Technology ETF | — |
| Total Return ETF | 0.13% |
| Ultra Short-Term Bond ETF | — |
| U.S. Equity Research ETF | 100.00% |
| U.S. High Yield ETF | — |
| Value ETF | 100.00% |
1This percentage applies to the sum of your income dividend plus short-term capital gain distribution paid for the calendar year or other period, if indicated, as reported in Box 1a of your IRS Form 1099-DIV.
Percentages are the same for all fund classes (Investor, Advisor, R, and I classes). For more information on Advisor, R, Institutional, and Portfolio funds, please visit our website for financial intermediaries.
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