2022 Qualified Dividend Income
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.
Qualified Dividend Income Percentage Tables
T. Rowe Price Domestic Stock Funds
| T. Rowe Price Fund | Qualified Dividend Income Percentage1 |
|---|---|
| All-Cap Opportunities | 97.98 |
| Balanced (All Quarters) | 51.58 |
| Blue Chip Growth | — |
| Capital Appreciation | 45.78 |
| Communications & Technology | — |
| Diversified Mid-Cap Growth | — |
| Dividend Growth (All Quarters) | 100.00 |
| Equity Income (All Quarters) | 97.29 |
| Equity Index 500 (All Quarters) | 100.00 |
| Extended Equity Market Index | 77.58 |
| Financial Services | 100.00 |
| Growth Stock | — |
| Health Sciences | — |
| Large-Cap Growth | — |
| Large-Cap Value | 98.35 |
| Mid-Cap Growth | 100.00 |
| Mid-Cap Value | 90.11 |
| Multi-Strategy Total Return | 4.71 |
| New Era | 100.00 |
| New Horizons | — |
| QM U.S. Small & Mid-Cap Core Equity | 100.00 |
| QM U.S. Small-Cap Growth Equity | N/A |
| QM U.S. Value Equity | 100.00 |
| Real Assets | 100.00 |
| Real Estate (All Quarters) | 1.60 |
| Science & Technology | — |
| Small-Cap Stock | 92.20 |
| Small-Cap Value | 100.00 |
| Spectrum Conservative Allocation (All Quarters) | 24.39 |
| Spectrum Moderate Allocation (All Quarters) | 42.82 |
| Spectrum Moderate Growth Allocation | 83.43 |
| Tax-Efficient Equity | 100.00 |
| Total Equity Market Index | 100.00 |
| U.S. Equity Research | 78.24 |
| U.S. Large-Cap Core | 100.00 |
| Value | 83.52 |
T. Rowe Price International/Global Stock and Bond Funds
International/Global Stock Funds
| T. Rowe Price Fund | Qualified Dividend Income Percentage1 |
|---|---|
| Africa & Middle East | 63.68 |
| Asia Opportunities | 30.14 |
| China Evolution Equity | 31.58 |
| Emerging Europe | 100.00 |
| Emerging Markets Discovery Stock | 38.29 |
| Emerging Markets Stock | 46.57 |
| European Stock | 100.00 |
| Global Allocation | 32.26 |
| Global Consumer | — |
| Global Growth Stock | 100.00 |
| Global Impact Equity | N/A |
| Global Industrials | 22.07 |
| Global Real Estate (All Quarters) | 71.37 |
| Global Stock | N/A |
| Global Technology | — |
| Global Value Equity | 100.00 |
| International Disciplined Equity | 100.00 |
| International Discovery | 100.00 |
| International Equity Index | 100.00 |
| International Stock | 69.40 |
| International Value Equity | 89.73 |
| Japan | 100.00 |
| Latin America | 93.69 |
| New Asia | 24.25 |
| Overseas Stock | 87.19 |
| QM Global Equity | 100.00 |
International/Global Bond Funds
| T. Rowe Price Fund | Qualified Dividend Income Percentage1 |
|---|---|
| Dynamic Credit | 1.19 |
| Dynamic Global Bond | — |
| Emerging Markets Bond | — |
| Emerging Markets Corporate Bond | — |
| Emerging Markets Local Currency Bond | — |
| Global High Income Bond | 0.80 |
| Global Multi-Sector Bond | 0.65 |
| International Bond | — |
| International Bond (USD Hedged) | — |
T. Rowe Price Taxable Bond and Money Market Funds
| T. Rowe Price Fund | Qualified Dividend Income Percentage1 |
|---|---|
| Cash Reserves | — |
| Corporate Income | — |
| Credit Opportunities | 2.75 |
| Floating Rate | 0.61 |
| GNMA | — |
| Government Money | — |
| High Yield | 2.85 |
| Inflation Protected Bond | — |
| Limited Duration Inflation Focused Bond | — |
| New Income | 0.25 |
| QM U.S. Bond Index | — |
| Short Duration Income | — |
| Short-Term Bond | — |
| Total Return | 0.95 |
| U.S. High Yield | 0.40 |
| U.S. Limited Duration TIPS Index | — |
| U.S. Treasury Intermediate Index | — |
| U.S. Treasury Long-Term Index | — |
| U.S. Treasury Money | — |
| Ultra Short-Term Bond | — |
T. Rowe Price Tax-Free Bond and Money Market Funds
| T. Rowe Price Fund | Qualified Dividend Income Percentage1 |
|---|---|
| California Tax-Free Bond | N/A |
| Georgia Tax-Free Bond | — |
| Intermediate Tax-Free High Yield | — |
| Maryland Short-Term Tax-Free Bond | N/A |
| Maryland Tax-Free Bond | — |
| Maryland Tax-Free Money | N/A |
| New Jersey Tax-Free Bond | N/A |
| New York Tax-Free Bond | — |
| Summit Municipal Income | — |
| Summit Municipal Intermediate | — |
| Tax-Exempt Money | N/A |
| Tax-Free High Yield | — |
| Tax-Free Income | N/A |
| Tax-Free Short-Intermediate | N/A |
| Virginia Tax-Free Bond | — |
T. Rowe Price Retirement, Spectrum, and Target Funds
| T. Rowe Price Fund | Qualified Dividend Income Percentage1 |
|---|---|
| Retirement 2005 | 18.03 |
| Retirement 2010 | 20.68 |
| Retirement 2015 | 22.68 |
| Retirement 2020 | 26.06 |
| Retirement 2025 | 33.55 |
| Retirement 2030 | 49.07 |
| Retirement 2035 | 70.84 |
| Retirement 2040 | 95.06 |
| Retirement 2045 | 100.00 |
| Retirement 2050 | 100.00 |
| Retirement 2055 | 100.00 |
| Retirement 2060 | 100.00 |
| Retirement 2065 | 100.00 |
| Retirement Balanced | 16.01 |
| Retirement Balanced I - I Class | 15.55 |
| Retirement Blend 2005 | 21.08 |
| Retirement Blend 2010 | 22.92 |
| Retirement Blend 2015 | 26.01 |
| Retirement Blend 2020 | 29.05 |
| Retirement Blend 2025 | 35.88 |
| Retirement Blend 2030 | 49.34 |
| Retirement Blend 2035 | 65.25 |
| Retirement Blend 2040 | 82.17 |
| Retirement Blend 2045 | 92.65 |
| Retirement Blend 2050 | 94.45 |
| Retirement Blend 2055 | 95.38 |
| Retirement Blend 2060 | 94.18 |
| Retirement Blend 2065 | 81.49 |
| Retirement I 2005 - I Class | 17.48 |
| Retirement I 2010 - I Class | 19.63 |
| Retirement I 2015 - I Class | 22.18 |
| Retirement I 2020 - I Class | 24.81 |
| Retirement I 2025 - I Class | 31.56 |
| Retirement I 2030 - I Class | 43.80 |
| Retirement I 2035 - I Class | 62.45 |
| Retirement I 2040 - I Class | 77.51 |
| Retirement I 2045 - I Class | 97.00 |
| Retirement I 2050 - I Class | 100.00 |
| Retirement I 2055 - I Class | 100.00 |
| Retirement I 2060 - I Class | 100.00 |
| Retirement I 2065 - I Class | 91.39 |
| Retirement Income 2020 | 26.16 |
| Spectrum Diversified Equity | 100.00 |
| Spectrum Income | 8.35 |
| Spectrum International Equity | 98.80 |
| Target 2005 | 12.67 |
| Target 2010 | 13.63 |
| Target 2015 | 14.21 |
| Target 2020 | 16.48 |
| Target 2025 | 21.22 |
| Target 2030 | 29.61 |
| Target 2035 | 42.52 |
| Target 2040 | 58.23 |
| Target 2045 | 76.31 |
| Target 2050 | 97.69 |
| Target 2055 | 100.00 |
| Target 2060 | 100.00 |
| Target 2065 | 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.
N/A indicates that a fund did not pay a dividend or short-term capital gain, or pass through foreign tax paid.
A dash indicates that the fund paid a dividend or short-term capital gain, but it was not qualified dividend income.
202301-2677923
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