UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act File Number: 811-10063

T. Rowe Price International Index Fund, Inc.

(Exact name of registrant as specified in charter)

100 East Pratt Street, Baltimore, MD 21202

(Address of principal executive offices)

David Oestreicher

100 East Pratt Street, Baltimore, MD 21202

(Name and address of agent for service)

Registrant’s telephone number, including area code: (410) 345-2000

Date of fiscal year end: October 31

Date of reporting period: April 30, 2024

Item 1. Reports to Shareholders

(a) Report pursuant to Rule 30e-1

Market

Commentary

Portfolio

Summary

Fund

Expense

Example

Financial

Highlights

Portfolio

of

Investments

Financial

Statements

and

Notes

Additional

Fund

Information

April

30,

2024

SemiAnnual

Report

For

more

insights

from

T.

Rowe

Price

investment

professionals,

go

to

troweprice.com

.

T.

ROWE

PRICE

PIEQX

International

Equity

Index

Fund

–

.

TLIEX

International

Equity

Index

Fund–

.

Z Class

T.

ROWE

PRICE

International

Equity

Index

Fund

Go

Paperless

Going

paperless

offers

a

host

of

benefits,

which

include:

Timely

delivery

of

important

documents

Convenient

access

to

your

documents

anytime,

anywhere

Strong

security

protocols

to

safeguard

sensitive

data

Waive

your

account

service

fee

by

going

paperless.*

To

Enroll:

˃

If

you

invest

directly

with

T.

Rowe

Price,

go

to

troweprice.com/paperless

.

If

you

invest

through

a

financial

intermediary

such

as

an

investment

advisor,

a

bank,

or

a

brokerage

firm,

please

contact

that

organization

and

ask

if

it

can

provide

electronic

documentation.

Log

in

to

your

account

at

troweprice.com

for

more

information.

*

An

account

service

fee

will

be

charged

annually

for

each

T.

Rowe

Price

mutual

fund

account

unless

you

meet

criteria

for

a

fee

waiver.

Go

to

troweprice.com/personal-investing/

help/fees-and-minimums.html

to

learn

more

about

this

account

service

fee,

including

other

ways

to

waive

it.

T.

ROWE

PRICE

International

Equity

Index

Fund

Market

Commentary

1

Dear

Shareholder

Major

global

stock

and

bond

indexes

produced

positive

results

during

the

first

half

of

your

fund’s

fiscal

year,

the

six-month

period

ended

April

30,

2024.

Investor

sentiment

was

bolstered

by

rising

hopes

at

the

end

of

2023

that

central

banks

would

be

able

to

cut

interest

rates

soon;

however,

stronger-than-expected

inflation

data

in

the

first

quarter

of

2024

contributed

to

a

downturn

in

April

that

offset

some

of

the

strong

gains

recorded

earlier

in

the

period.

Growth

stocks

outperformed

value

shares

over

the

six-month

period,

and

stocks

in

developed

markets

generally

outpaced

their

counterparts

in

emerging

markets.

Currency

movements

were

mixed

over

the

period—a

weaker

U.S.

dollar

versus

some

major

European

currencies

was

beneficial

for

U.S.

investors

in

European

securities,

while

a

downturn

in

the

Japanese

yen

had

the

reverse

effect.

Technology

companies

benefited

from

investor

enthusiasm

for

artificial

intelligence

developments

and

produced

some

of

the

strongest

results

in

the

equity

market.

Within

the

U.S.-focused

S&P

500

Index,

the

communication

services,

financials, information

technology,

and

industrials sectors

all

recorded

strong

gains,

while

returns

for

energy

companies

were

more

muted

as

oil

prices

dipped

at

the

end

of

2023

before

rebounding

in

the

new

year.

U.S.

Treasury

yields

finished

the

period

lower,

which

supported

broadly

positive

results

in

the

fixed

income

market.

High

yield

corporate

bonds

produced

some

of

the

strongest

returns,

aided

by

the

higher

coupons

that

have

become

available

since

the

Fed

began

hiking

rates

about

two

years

ago,

as

well

as

strength

in

the

economy

that

kept

default

expectations

at

low

levels.

The

U.S.

economy

was

the

strongest

among

the

major

markets

during

the

period,

although

first-quarter

gross

domestic

product

growth—according

to

a

preliminary

estimate—slowed

from

the

level

reported

at

the

end

of

2023.

Meanwhile,

after

flirting

with

a

recession

late

last

year,

growth

in

the

eurozone

appeared

to

be

healthier

in

the

latest

reports,

and

China’s

economy

showed

signs

of

recovery

after

a

sluggish

performance

in

2023.

T.

ROWE

PRICE

International

Equity

Index

Fund

2

The

positive

economic

news

aided

investor

sentiment

following

widespread

expectations

for

a

downturn

last

year.

But

the

outlook

for

monetary

policy

as

global

central

banks

continued

their

fight

against

inflation

was

more

difficult

to

decipher.

After

significant

progress

in

reducing

the

rate

of

price

increases—

12-month

consumer

price

index

inflation

dropped

from

6.4%

to

3.3%

over

the

course

of

2023—Federal

Reserve

policymakers

helped

boost

sentiment

when

their

year-end

economic

projections

indicated

that

three

quarter-point

interest

rate

cuts

were

likely

in

2024,

up

from

the

two

they

had

forecast

previously.

However,

with

inflation

improvements

stalling

so

far

this

year,

Fed

officials

indicated

that

they

will

take

a

patient

approach

to

loosening

monetary

policy,

a

message

that

weighed

on

markets

near

the

end

of

our

reporting

period.

Outside

the

U.S.,

the

European

Central

Bank was

also

facing

sticky

inflation,

but

officials

indicated

that

they

would

like

to

begin

cutting

rates

soon

if

upcoming

reports

are

favorable.

Meanwhile,

moving

in

the

other

direction,

the

Bank

of

Japan

lifted

short-term

interest

rates

from

negative

territory

for

the

first

time

in

over

seven

years

following

a

long

campaign

against

disinflation,

although

Japan’s

monetary

policy

remains

among

the

most

accommodative

in

the

world.

Global

economies

have

displayed

continued

resilience

in

the

year-to-date

period,

but

risks

remain

as

we

look

ahead.

Elevated

geopolitical

tensions,

uncertainty

about

the

path

of

monetary

policy,

and

fading

fiscal

stimulus

all

raise

the

potential

for

additional

volatility.

We

believe

this

environment

makes

skilled

active

management

a

critical

tool

for

identifying

risks

and

opportunities,

and

our

investment

teams

will

continue

to

use

fundamental

research

to

help

identify

securities

that

can

add

value

to

your

portfolio

over

the

long

term.

Thank

you

for

your

continued

confidence

in

T.

Rowe

Price.

Sincerely,

Robert

Sharps

CEO

and

President

T.

ROWE

PRICE

International

Equity

Index

Fund

Portfolio

Summary

3

SECTOR

DIVERSIFICATION

Percent

of

Net

Assets

10/31/23

4/30/24

Financials

18.6‌%

18.9‌%

Industrials

and

Business

Services

15.3‌

16.4‌

Health

Care

12.8‌

12.6‌

Consumer

Discretionary

11.6‌

11.7‌

Information

Technology

7.6‌

8.7‌

Consumer

Staples

9.6‌

8.4‌

Materials

7.4‌

7.1‌

Energy

4.8‌

4.3‌

Communication

Services

4.1‌

3.8‌

Utilities

3.4‌

3.0‌

Real

Estate

2.2‌

2.2‌

Other

and

Reserves

2.6‌

2.9‌

Total

100.0‌%

100.0‌%

Historical

weightings

reflect

current

industry/sector

classifications.

T.

ROWE

PRICE

International

Equity

Index

Fund

4

PORTFOLIO

HIGHLIGHTS

TWENTY-FIVE

LARGEST

HOLDINGS

Percent

of

Net

Assets

4/30/24

Novo

Nordisk,

Denmark

2.5‌%

ASML

Holding,

Netherlands

2.1‌ 

Nestle,

Switzerland

1.6‌ 

Toyota

Motor,

Japan

1.5‌ 

AstraZeneca,

United

Kingdom

1.4‌ 

Shell,

United

Kingdom

1.4‌ 

LVMH

Moet

Hennessy

Louis

Vuitton,

France

1.4‌ 

Novartis,

Switzerland

1.2‌ 

SAP,

Germany

1.1‌ 

Roche

Holding,

Switzerland

1.1‌ 

HSBC

Holdings,

United

Kingdom

1.0‌ 

TotalEnergies,

France

1.0‌ 

Siemens,

Germany

0.9‌ 

Bhp,

Australia

0.8‌ 

Unilever,

United

Kingdom

0.8‌ 

Schneider

Electric,

France

0.7‌ 

Commonwealth

Bank

of

Australia,

Australia

0.7‌ 

Sanofi,

France

0.7‌ 

L'Oreal,

France

0.7‌ 

Allianz,

Germany

0.7‌ 

BP,

United

Kingdom

0.7‌ 

Mitsubishi

UFJ

Financial,

Japan

0.7‌ 

Tokyo

Electron,

Japan

0.6‌ 

Sony,

Japan

0.6‌ 

Air

Liquide,

France

0.6‌ 

Total

26.5‌%

Note:

The

information

shown

does

not

reflect

any

exchange-traded

funds

(ETFs),

cash

reserves,

or

collateral

for

securities

lending

that

may

be

held

in

the

portfolio.

T.

ROWE

PRICE

International

Equity

Index

Fund

5

FUND

EXPENSE

EXAMPLE

As

a

mutual

fund

shareholder,

you

may

incur

two

types

of

costs:

(1)

transaction

costs,

such

as

redemption

fees

or

sales

loads,

and

(2)

ongoing

costs,

including

management

fees,

distribution

and

service

(12b-1)

fees,

and

other

fund

expenses.

The

following

example

is

intended

to

help

you

understand

your

ongoing

costs

(in

dollars)

of

investing

in

the

fund

and

to

compare

these

costs

with

the

ongoing

costs

of

investing

in

other

mutual

funds.

The

example

is

based

on

an

investment

of

$1,000

invested

at

the

beginning

of

the

most

recent

six-month

period

and

held

for

the

entire

period.

Please

note

that

the

fund

has

two

share

classes:

The

original

share

class

(Investor

Class)

charges

no

distribution

and

service

(12b-1)

fee,

and

the Z

Class

shares

are

offered

only

to

funds

advised

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

and

impose

no

12b-1

fee

or

administrative

fee

payment.

Actual

Expenses

The

first

line

of

the

following

table

(Actual)

provides

information

about

actual

account

values

and

actual

expenses.

You

may

use

the

information

on

this

line,

together

with

your

account

balance,

to

estimate

the

expenses

that

you

paid

over

the

period.

Simply

divide

your

account

value

by

$1,000

(for

example,

an

$8,600

account

value

divided

by

$1,000

=

8.6),

then

multiply

the

result

by

the

number

on

the

first

line

under

the

heading

“Expenses

Paid

During

Period”

to

estimate

the

expenses

you

paid

on

your

account

during

this

period.

Hypothetical

Example

for

Comparison

Purposes

The

information

on

the

second

line

of

the

table

(Hypothetical)

is

based

on

hypothetical

account

values

and

expenses

derived

from

the

fund’s

actual

expense

ratio

and

an

assumed

5%

per

year

rate

of

return

before

expenses

(not

the

fund’s

actual

return).

You

may

compare

the

ongoing

costs

of

investing

in

the

fund

with

other

funds

by

contrasting

this

5%

hypothetical

example

and

the

5%

hypothetical

examples

that

appear

in

the

shareholder

reports

of

the

other

funds.

The

hypothetical

account

values

and

expenses

may

not

be

used

to

estimate

the

actual

ending

account

balance

or

expenses

you

paid

for

the

period.

Note:

T.

Rowe

Price

charges

an

account

service

fee

that

is

not

included

in

the

accompanying

table.

The

account

service

fee

is

charged

on

a

quarterly

basis,

usually

during

the

last

week

of

a

calendar

quarter,

and

applies

to

accounts

with

balances

below

$10,000

on

the

day

of

the

assessment.

The

fee

is

charged

to

accounts

that

fall

below

$10,000

for

any

reason,

including

market

fluctuations,

redemptions,

or

exchanges.

When

an

account

with

less

than

$10,000

is

closed

either

through

redemption

or

exchange,

the

fee

is

charged

and

deducted

from

the

proceeds.

The

fee

applies

to

IRAs

but

not

to

retirement

plans

directly

registered

with

T.

Rowe

Price

Services

or

accounts

maintained

by

intermediaries

through

NSCC

®

Networking.

If

you

are

subject

to

the

fee,

keep

it

in

mind

when

you

are

estimating

the

ongoing

expenses

of

investing

in

the

fund

and

when

comparing

the

expenses

of

this

fund

with

other

funds.

You

should

also

be

aware

that

the

expenses

shown

in

the

table

highlight

only

your

ongoing

costs

and

do

not

reflect

any

transaction

costs,

such

as

redemption

fees

or

sales

loads.

Therefore,

the

second

line

of

the

table

is

useful

in

comparing

ongoing

costs

only

and

will

not

help

you

determine

the

relative

total

costs

of

owning

different

funds.

To

the

extent

a

fund

charges

transaction

costs,

however,

the

total

cost

of

owning

that

fund

is

higher.

T.

ROWE

PRICE

International

Equity

Index

Fund

6

INTERNATIONAL

EQUITY

INDEX

FUND

Beginning

Account

Value

11/1/23

Ending

Account

Value

4/30/24

Expenses

Paid

During

Period*

11/1/23

to

4/30/24

Investor

Class

Actual

$1,000.00

$1,170.50

$1.40

Hypothetical

(assumes

5%

return

before

expenses)

 1,000.00

  1,023.57

  1.31

Z

Class

Actual

  1,000.00

  1,172.00

  0.00

Hypothetical

(assumes

5%

return

before

expenses)

 1,000.00

  1,024.86

  0.00

*

Expenses

are

equal

to

the

fund’s

annualized

expense

ratio

for

the

6-month

period,

multiplied

by

the

average

account

value

over

the

period,

multiplied

by

the

number

of

days

in

the

most

recent

fiscal

half

year

(182),

and

divided

by

the

days

in

the

year

(366)

to

reflect

the

half-year

period.

The

annualized

expense

ratio

of

the

1

Investor

Class

was

0.26%,

and

the

2

Z Class

was

0.00%.

FUND

EXPENSE

EXAMPLE

(CONTINUED)

T.

ROWE

PRICE

International

Equity

Index

Fund

(Unaudited)

Financial

Highlights

7

For

a

share

outstanding

throughout

each

period

Investor

Class

6

Months

.

Ended

4/30/24

..

Year

..

..

Ended

.

10/31/23

10/31/22

10/31/21

10/31/20

10/31/19

NET

ASSET

VALUE

Beginning

of

period

$

14.06‌

$

12.53‌

$

16.86‌

$

12.81‌

$

13.92‌

$

12.99‌

Investment

activities

Net

investment

income

(1)(2)

0.22‌

0.43‌

0.44‌

0.39‌

0.26‌

0.39‌

Net

realized

and

unrealized

gain/

loss

2.16‌

1.46‌

(4.25‌)

3.92‌

(0.98‌)

0.90‌

Total

from

investment

activities

2.38‌

1.89‌

(3.81‌)

4.31‌

(0.72‌)

1.29‌

Distributions

Net

investment

income

(0.47‌)

(0.36‌)

(0.40‌)

(0.26‌)

(0.38‌)

(0.36‌)

Net

realized

gain

—‌

—‌

(0.12‌)

—‌

(0.01‌)

—‌

Total

distributions

(0.47‌)

(0.36‌)

(0.52‌)

(0.26‌)

(0.39‌)

(0.36‌)

NET

ASSET

VALUE

End

of

period

$

15.97‌

$

14.06‌

$

12.53‌

$

16.86‌

$

12.81‌

$

13.92‌

T.

ROWE

PRICE

International

Equity

Index

Fund

(Unaudited)

Financial

Highlights

8

For

a

share

outstanding

throughout

each

period

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Investor

Class

6

Months

.

Ended

4/30/24

..

Year

..

..

Ended

.

10/31/23

10/31/22

10/31/21

10/31/20

10/31/19

Ratios/Supplemental

Data

Total

return

(2)(3)

17.05‌%

15.12‌%

(23.30‌)%

33.89‌%

(5.43‌)%

10.35‌%

Ratios

to

average

net

assets:

(2)

Gross

expenses

before

waivers/

payments

by

Price

Associates

0.26‌%

(4)

0.26‌%

0.30‌%

0.40‌%

0.45‌%

0.45‌%

Net

expenses

after

waivers/

payments

by

Price

Associates

0.26‌%

(4)

0.26‌%

0.30‌%

0.40‌%

0.45‌%

0.45‌%

Net

investment

income

2.89‌%

(4)

2.93‌%

3.05‌%

2.41‌%

2.03‌%

2.98‌%

Portfolio

turnover

rate

1.7‌%

29.2‌%

12.9‌%

22.9‌%

10.5‌%

7.8‌%

Net

assets,

end

of

period

(in

thousands)

$738,064

$630,134

$546,336

$727,834

$543,578

$589,293

0‌%

0‌%

0‌%

0‌%

0‌%

0‌%

(1)

Per

share

amounts

calculated

using

average

shares

outstanding

method.

(2)

Includes

the

impact

of

expense-related

arrangements

with

Price

Associates.

(3)

Total

return

reflects

the

rate

that

an

investor

would

have

earned

on

an

investment

in

the

fund

during

each

period,

assuming

reinvestment

of

all

distributions,

and

payment

of

no

redemption

or

account

fees,

if

applicable.

Total

return

is

not

annualized

for

periods

less

than

one

year.

(4)

Annualized

T.

ROWE

PRICE

International

Equity

Index

Fund

(Unaudited)

Financial

Highlights

9

For

a

share

outstanding

throughout

each

period

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Z

Class

(1)

6

Months

.

Ended

4/30/24

..

Year

..

..

Ended

.

11/2/20

(1)

Through

10/31/21

10/31/23

10/31/22

NET

ASSET

VALUE

Beginning

of

period

$

14.10‌

$

12.57‌

$

16.92‌

$

13.01‌

Investment

activities

Net

investment

income

(2)(3)

0.27‌

0.47‌

0.53‌

0.45‌

Net

realized

and

unrealized

gain/loss

2.13‌

1.47‌

(4.30‌)

3.73‌

Total

from

investment

activities

2.40‌

1.94‌

(3.77‌)

4.18‌

Distributions

Net

investment

income

(0.50‌)

(0.41‌)

(0.46‌)

(0.27‌)

Net

realized

gain

—‌

—‌

(0.12‌)

—‌

Total

distributions

(0.50‌)

(0.41‌)

(0.58‌)

(0.27‌)

NET

ASSET

VALUE

End

of

period

$

16.00‌

$

14.10‌

$

12.57‌

$

16.92‌

Ratios/Supplemental

Data

Total

return

(3)(4)

17.20‌%

15.46‌%

(23.05‌)%

32.39‌%

Ratios

to

average

net

assets:

(3)

Gross

expenses

before

waivers/payments

by

Price

Associates

0.15‌%

(5)

0.15‌%

0.15‌%

0.21‌%

(5)

Net

expenses

after

waivers/payments

by

Price

Associates

0.00‌%

(5)

0.00‌%

0.00‌%

0.00‌%

(5)

Net

investment

income

3.45‌%

(5)

3.16‌%

3.82‌%

2.74‌%

(5)

Portfolio

turnover

rate

1.7‌%

29.2‌%

12.9‌%

22.9‌%

Net

assets,

end

of

period

(in

thousands)

$208,562

$112,446

$37,194

$2,207

0‌%

0‌%

0‌%

0‌%

(1)

Inception

date

(2)

Per

share

amounts

calculated

using

average

shares

outstanding

method.

(3)

Includes

the

impact

of

expense-related

arrangements

with

Price

Associates.

(4)

Total

return

reflects

the

rate

that

an

investor

would

have

earned

on

an

investment

in

the

fund

during

each

period,

assuming

reinvestment

of

all

distributions,

and

payment

of

no

redemption

or

account

fees,

if

applicable.

Total

return

is

not

annualized

for

periods

less

than

one

year.

(5)

Annualized

T.

ROWE

PRICE

International

Equity

Index

Fund

April

30,

2024

(Unaudited)

10

Portfolio

of

Investments

‡

Shares/Par

$

Value

(

Cost

and

value

in

$000s)

‡

ARGENTINA  0.0%

Common

Stocks 0.0% 

Tenaris

(EUR) 

25,078‌

417‌

Total

Argentina

(Cost

$421)

417‌

AUSTRALIA  6.9%

Common

Stocks 6.9% 

Ampol 

13,036‌

308‌

ANZ

Group

Holdings 

170,384‌

3,074‌

APA

Group 

68,328‌

365‌

Aristocrat

Leisure 

32,196‌

822‌

ASX 

10,667‌

436‌

Aurizon

Holdings 

93,367‌

229‌

BHP

Group 

220,384‌

6,044‌

BHP

Group

(GBP)  (1)

66,172‌

1,828‌

BlueScope

Steel 

23,377‌

341‌

Brambles 

77,183‌

726‌

CAR

Group 

19,719‌

428‌

Cochlear 

3,635‌

758‌

Coles

Group 

74,280‌

775‌

Commonwealth

Bank

of

Australia 

95,014‌

6,962‌

Computershare 

29,102‌

511‌

CSL 

27,394‌

4,867‌

Dexus 

58,627‌

266‌

Endeavour

Group 

76,307‌

262‌

Fortescue 

95,660‌

1,585‌

Goodman

Group 

96,663‌

1,953‌

GPT

Group 

104,484‌

281‌

IDP

Education 

14,083‌

147‌

Insurance

Australia

Group 

129,768‌

538‌

James

Hardie

Industries,

CDI  (2)

24,470‌

841‌

Lottery

Corp 

116,876‌

365‌

Macquarie

Group 

20,714‌

2,480‌

Medibank 

151,002‌

346‌

Mineral

Resources 

9,309‌

422‌

Mirvac

Group 

215,318‌

282‌

National

Australia

Bank 

176,813‌

3,833‌

Northern

Star

Resources 

63,519‌

602‌

Orica 

25,592‌

296‌

Origin

Energy 

95,200‌

601‌

T.

ROWE

PRICE

International

Equity

Index

Fund

11

Shares/Par

$

Value

(Cost

and

value

in

$000s)

Pilbara

Minerals 

149,805‌

381‌

Qantas

Airways  (2)

45,157‌

170‌

QBE

Insurance

Group 

83,041‌

950‌

Ramsay

Health

Care 

9,775‌

328‌

REA

Group 

2,814‌

323‌

Reece 

11,468‌

203‌

Rio

Tinto 

20,977‌

1,746‌

Santos 

180,424‌

885‌

Scentre

Group 

287,171‌

581‌

SEEK 

19,470‌

301‌

Seven

Group

Holdings 

8,524‌

207‌

Sonic

Healthcare 

24,936‌

428‌

South32 

241,542‌

551‌

Stockland 

126,327‌

358‌

Suncorp

Group 

70,426‌

752‌

Telstra

Group 

223,389‌

528‌

Transurban

Group 

172,211‌

1,383‌

Treasury

Wine

Estates 

42,511‌

330‌

Vicinity 

196,272‌

240‌

Washington

H.

Soul

Pattinson 

12,789‌

268‌

Wesfarmers 

64,261‌

2,753‌

Westpac

Banking 

198,403‌

3,295‌

WiseTech

Global 

9,213‌

543‌

Woodside

Energy

Group 

107,423‌

1,925‌

Woolworths

Group 

68,109‌

1,397‌

Xero  (2)

7,981‌

620‌

Total

Australia

(Cost

$54,424)

65,020‌

AUSTRIA  0.2%

Common

Stocks 0.2% 

Erste

Group

Bank 

19,088‌

890‌

OMV 

7,843‌

372‌

Verbund 

3,703‌

283‌

voestalpine 

5,755‌

154‌

Total

Austria

(Cost

$1,533)

1,699‌

BELGIUM  0.9%

Common

Stocks 0.9% 

Ageas 

8,510‌

390‌

Anheuser-Busch

InBev 

49,198‌

2,941‌

Argenx  (2)

3,297‌

1,232‌

T.

ROWE

PRICE

International

Equity

Index

Fund

12

Shares/Par

$

Value

(Cost

and

value

in

$000s)

D'ieteren

Group 

1,103‌

238‌

Elia

Group 

1,492‌

144‌

Groupe

Bruxelles

Lambert 

4,932‌

366‌

KBC

Group 

13,930‌

1,035‌

Lotus

Bakeries 

21‌

211‌

Sofina 

764‌

179‌

Syensqo  (2)

4,061‌

376‌

UCB  (1)

7,018‌

931‌

Umicore 

10,624‌

235‌

Warehouses

De

Pauw 

9,218‌

244‌

Total

Belgium

(Cost

$6,923)

8,522‌

CHILE  0.1%

Common

Stocks 0.1% 

Antofagasta

(GBP) 

21,771‌

597‌

Total

Chile

(Cost

$277)

597‌

CHINA  0.0%

Common

Stocks 0.0% 

Futu

Holdings,

ADR

(USD)  (2)

2,800‌

180‌

Total

China

(Cost

$292)

180‌

DENMARK  3.6%

Common

Stocks 3.6% 

AP

Moller

-

Maersk,

Class

A 

162‌

230‌

AP

Moller

-

Maersk,

Class

B 

264‌

382‌

Carlsberg,

Class

B 

5,460‌

734‌

Coloplast,

Class

B  (1)

7,174‌

865‌

Danske

Bank 

38,408‌

1,106‌

Demant  (2)

5,113‌

244‌

DSV 

10,041‌

1,426‌

Genmab  (2)

3,678‌

1,021‌

Novo

Nordisk,

Class

B 

185,306‌

23,764‌

Novonesis,

Class

B 

20,784‌

1,151‌

Orsted  (2)

10,074‌

554‌

Pandora 

4,691‌

714‌

ROCKWOOL,

Class

B 

474‌

154‌

Svitzer  (2)

852‌

29‌

Tryg 

19,181‌

380‌

T.

ROWE

PRICE

International

Equity

Index

Fund

13

Shares/Par

$

Value

(Cost

and

value

in

$000s)

Vestas

Wind

Systems  (2)

56,338‌

1,510‌

Total

Denmark

(Cost

$13,181)

34,264‌

EGYPT  0.0%

Common

Stocks 0.0% 

OCI

(EUR) 

5,351‌

144‌

Total

Egypt

(Cost

$189)

144‌

EUROPE/FAR

EAST  0.6%

Equity

Mutual

Funds 0.6% 

iShares

Core

MSCI

EAFE,

ETF

(USD) 

83,878‌

6,022‌

Total

Europe/Far

East

(Cost

$5,683)

6,022‌

FINLAND  1.0%

Common

Stocks 1.0% 

Elisa 

7,469‌

337‌

Fortum 

24,508‌

323‌

Kesko,

Class

B 

13,854‌

237‌

Kone,

Class

B 

18,884‌

921‌

Metso 

34,824‌

395‌

Neste 

23,417‌

531‌

Nokia 

248,231‌

902‌

Nokia,

Ordinary

Shares 

57,926‌

210‌

Nordea

Bank 

179,672‌

2,105‌

Orion,

Class

B 

5,486‌

209‌

Sampo,

Class

A 

25,126‌

1,020‌

Stora

Enso,

Class

R 

31,988‌

426‌

UPM-Kymmene 

29,675‌

1,040‌

Wartsila 

25,067‌

462‌

Total

Finland

(Cost

$9,969)

9,118‌

FRANCE  11.8%

Common

Stocks 11.8% 

Accor 

10,309‌

452‌

Aeroports

de

Paris 

1,856‌

236‌

Air

Liquide 

29,754‌

5,819‌

Airbus 

33,628‌

5,534‌

Alstom  (1)

16,037‌

253‌

T.

ROWE

PRICE

International

Equity

Index

Fund

14

Shares/Par

$

Value

(Cost

and

value

in

$000s)

Amundi 

3,033‌

212‌

ArcelorMittal 

28,380‌

709‌

Arkema 

3,284‌

339‌

AXA 

102,937‌

3,557‌

BioMerieux 

2,101‌

223‌

BNP

Paribas 

58,536‌

4,212‌

Bollore 

44,908‌

291‌

Bouygues 

10,214‌

376‌

Bureau

Veritas 

15,708‌

458‌

Capgemini 

8,789‌

1,847‌

Carrefour 

30,318‌

510‌

Cie

de

Saint-Gobain 

25,779‌

2,039‌

Cie

Generale

des

Etablissements

Michelin 

37,874‌

1,455‌

Covivio 

2,468‌

123‌

Credit

Agricole 

59,338‌

918‌

Danone 

36,442‌

2,281‌

Dassault

Aviation 

1,264‌

271‌

Dassault

Systemes 

37,766‌

1,482‌

Edenred 

13,842‌

657‌

Eiffage 

4,048‌

432‌

Engie 

103,239‌

1,792‌

EssilorLuxottica 

16,719‌

3,565‌

Eurazeo 

2,269‌

204‌

Eurofins

Scientific 

7,439‌

456‌

Euronext 

4,564‌

411‌

Gecina 

2,332‌

238‌

Getlink 

19,548‌

333‌

Hermes

International 

1,796‌

4,300‌

Ipsen 

1,913‌

233‌

Kering 

4,210‌

1,475‌

Klepierre 

11,741‌

315‌

La

Francaise

des

Jeux

SAEM 

5,390‌

203‌

L'Oreal 

13,650‌

6,400‌

Legrand 

14,729‌

1,514‌

LVMH

Moet

Hennessy

Louis

Vuitton 

15,676‌

12,877‌

Orange 

103,699‌

1,154‌

Pernod

Ricard 

11,562‌

1,749‌

Publicis

Groupe 

12,757‌

1,408‌

Remy

Cointreau 

1,159‌

110‌

Renault 

10,603‌

525‌

Rexel 

13,642‌

354‌

Safran 

19,377‌

4,201‌

Sanofi 

64,570‌

6,379‌

T.

ROWE

PRICE

International

Equity

Index

Fund

15

Shares/Par

$

Value

(Cost

and

value

in

$000s)

Sartorius

Stedim

Biotech 

1,555‌

335‌

Schneider

Electric 

30,875‌

7,040‌

SEB 

1,297‌

153‌

Societe

Generale 

40,207‌

1,083‌

Sodexo 

4,711‌

410‌

STMicroelectronics 

38,626‌

1,529‌

Teleperformance 

3,170‌

287‌

Thales 

5,519‌

928‌

TotalEnergies 

123,611‌

8,974‌

Unibail-Rodamco-Westfield  (2)

5,880‌

490‌

Unibail-Rodamco-Westfield,

CDI

(AUD)  (2)

26,273‌

107‌

Veolia

Environnement 

38,380‌

1,193‌

Vinci 

28,373‌

3,325‌

Vivendi 

36,362‌

370‌

Worldline  (2)

12,190‌

126‌

Total

France

(Cost

$76,980)

111,232‌

GERMANY  8.4%

Common

Stocks 8.0% 

adidas 

9,166‌

2,209‌

Allianz 

22,222‌

6,306‌

BASF 

50,544‌

2,648‌

Bayer 

55,501‌

1,619‌

Bayerische

Motoren

Werke 

18,041‌

1,966‌

Bechtle 

4,061‌

196‌

Beiersdorf 

5,596‌

841‌

Brenntag 

7,662‌

611‌

Carl

Zeiss

Meditec 

2,056‌

217‌

Commerzbank 

58,492‌

869‌

Continental 

5,846‌

379‌

Covestro  (2)

10,157‌

509‌

Daimler

Truck

Holding 

29,838‌

1,346‌

Delivery

Hero  (2)

9,370‌

262‌

Deutsche

Bank 

109,527‌

1,749‌

Deutsche

Boerse 

10,751‌

2,073‌

Deutsche

Lufthansa  (2)

30,320‌

217‌

Deutsche

Post 

56,104‌

2,349‌

Deutsche

Telekom 

183,754‌

4,209‌

E.ON 

126,897‌

1,680‌

Evonik

Industries 

12,235‌

255‌

Fresenius 

23,385‌

698‌

Fresenius

Medical

Care 

10,939‌

461‌

T.

ROWE

PRICE

International

Equity

Index

Fund

16

Shares/Par

$

Value

(Cost

and

value

in

$000s)

GEA

Group 

8,597‌

347‌

Hannover

Rueck 

3,352‌

831‌

Heidelberg

Materials 

7,348‌

740‌

Henkel 

5,499‌

395‌

Infineon

Technologies 

73,930‌

2,566‌

Knorr-Bremse 

3,956‌

294‌

LEG

Immobilien  (2)

3,946‌

335‌

Mercedes-Benz

Group 

45,472‌

3,440‌

Merck 

7,200‌

1,144‌

MTU

Aero

Engines 

2,985‌

719‌

Munich

Re 

7,734‌

3,402‌

Nemetschek 

3,149‌

278‌

Puma 

5,728‌

264‌

QIAGEN 

11,780‌

492‌

Rational 

254‌

217‌

Rheinmetall 

2,427‌

1,337‌

RWE 

35,205‌

1,226‌

SAP 

59,270‌

10,702‌

Scout24 

4,090‌

300‌

Siemens 

43,125‌

8,079‌

Siemens

Energy  (1)(2)

28,616‌

588‌

Siemens

Healthineers 

15,677‌

869‌

Symrise 

7,375‌

791‌

Talanx 

3,511‌

264‌

Volkswagen  (1)

1,541‌

218‌

Vonovia 

40,811‌

1,179‌

Zalando  (2)

12,237‌

320‌

75,006‌

Preferred

Stocks 0.4% 

Bayerische

Motoren

Werke 

3,112‌

320‌

Dr.

Ing.

h.c.

F.

Porsche 

6,304‌

561‌

Henkel 

10,215‌

811‌

Porsche

Automobil

Holding 

8,427‌

429‌

Sartorius  (1)

1,448‌

433‌

Volkswagen 

11,645‌

1,427‌

3,981‌

Total

Germany

(Cost

$61,986)

78,987‌

HONG

KONG  1.8%

Common

Stocks 1.8% 

AIA

Group 

644,200‌

4,718‌

T.

ROWE

PRICE

International

Equity

Index

Fund

17

Shares/Par

$

Value

(Cost

and

value

in

$000s)

BOC

Hong

Kong

Holdings 

197,500‌

605‌

Brightoil

Petroleum

Holdings  (2)(3)

109,000‌

—‌

CK

Asset

Holdings 

104,300‌

445‌

CK

Hutchison

Holdings 

148,800‌

723‌

CK

Infrastructure

Holdings 

32,500‌

184‌

CLP

Holdings 

91,400‌

719‌

ESR

Group  (1)

111,200‌

122‌

Galaxy

Entertainment

Group 

121,000‌

543‌

Hang

Lung

Properties 

91,000‌

100‌

Hang

Seng

Bank 

40,800‌

538‌

Henderson

Land

Development 

73,773‌

222‌

HKT

Trust

&

HKT 

194,000‌

214‌

Hong

Kong

&

China

Gas 

595,277‌

453‌

Hong

Kong

Exchanges

&

Clearing 

68,100‌

2,164‌

Hongkong

Land

Holdings

(USD) 

55,000‌

176‌

Jardine

Matheson

Holdings

(USD) 

8,400‌

321‌

Link 

142,800‌

612‌

MTR 

85,000‌

279‌

Power

Assets

Holdings 

74,000‌

425‌

Sands

China  (2)

132,800‌

313‌

Sino

Land 

201,800‌

216‌

SITC

International

Holdings 

69,000‌

150‌

Sun

Hung

Kai

Properties 

78,000‌

720‌

Swire

Pacific,

Class

A 

22,000‌

186‌

Swire

Properties 

61,000‌

126‌

Techtronic

Industries 

76,000‌

1,050‌

WH

Group 

454,500‌

330‌

Wharf

Holdings 

64,000‌

206‌

Wharf

Real

Estate

Investment 

91,100‌

283‌

Total

Hong

Kong

(Cost

$16,676)

17,143‌

IRELAND  0.4%

Common

Stocks 0.4% 

AIB

Group 

86,491‌

448‌

Bank

of

Ireland

Group 

58,406‌

623‌

DCC

(GBP) 

5,186‌

354‌

Kerry

Group,

Class

A 

8,760‌

754‌

Kingspan

Group 

8,635‌

768‌

Smurfit

Kappa

Group 

14,417‌

625‌

Total

Ireland

(Cost

$2,569)

3,572‌

T.

ROWE

PRICE

International

Equity

Index

Fund

18

Shares/Par

$

Value

(Cost

and

value

in

$000s)

ISRAEL 0.6%

Common

Stocks 0.6% 

Azrieli

Group 

2,210‌

142‌

Bank

Hapoalim 

70,332‌

634‌

Bank

Leumi

Le-Israel 

84,362‌

657‌

Check

Point

Software

Technologies

(USD)  (2)

5,198‌

777‌

CyberArk

Software

(USD)  (2)

2,311‌

553‌

Elbit

Systems 

1,420‌

289‌

Global-e

Online

(USD)  (2)

5,077‌

170‌

ICL

Group 

39,238‌

184‌

Israel

Discount

Bank,

Class

A 

67,701‌

347‌

Mizrahi

Tefahot

Bank 

8,453‌

308‌

Monday.com

(USD)  (2)

1,531‌

290‌

Nice  (2)

3,517‌

787‌

Teva

Pharmaceutical

Industries,

ADR

(USD)  (2)

62,231‌

874‌

Total

Israel

(Cost

$4,203)

6,012‌

ITALY  2.6%

Common

Stocks 2.6% 

Amplifon 

6,389‌

213‌

Assicurazioni

Generali 

56,506‌

1,378‌

Banco

BPM 

72,411‌

475‌

Davide

Campari-Milano 

32,327‌

324‌

DiaSorin 

1,249‌

126‌

Enel 

460,712‌

3,028‌

Eni 

127,470‌

2,047‌

Ferrari 

7,140‌

2,936‌

FinecoBank

Banca

Fineco 

32,438‌

497‌

Infrastrutture

Wireless

Italiane 

17,047‌

183‌

Intesa

Sanpaolo 

838,258‌

3,138‌

Leonardo 

22,347‌

514‌

Mediobanca

Banca

di

Credito

Finanziario 

28,987‌

412‌

Moncler 

11,439‌

779‌

Nexi  (2)

29,939‌

174‌

Poste

Italiane 

26,500‌

337‌

Prysmian 

14,574‌

791‌

Recordati

Industria

Chimica

e

Farmaceutica 

5,712‌

304‌

Snam 

107,394‌

491‌

Stellantis,

Borsa

Italiana

S.P.A 

92,072‌

2,037‌

Stellantis,

Euronext

Paris 

33,483‌

741‌

T.

ROWE

PRICE

International

Equity

Index

Fund

19

Shares/Par

$

Value

(Cost

and

value

in

$000s)

Telecom

Italia  (1)(2)

494,125‌

117‌

Terna

-

Rete

Elettrica

Nazionale 

77,884‌

624‌

UniCredit 

87,312‌

3,205‌

Total

Italy

(Cost

$18,461)

24,871‌

JAPAN  22.1%

Common

Stocks 22.1% 

Advantest 

42,800‌

1,340‌

Aeon 

36,400‌

761‌

AGC 

10,800‌

399‌

Aisin  (1)

7,900‌

300‌

Ajinomoto 

26,100‌

970‌

ANA

Holdings 

7,900‌

150‌

Asahi

Group

Holdings 

26,800‌

917‌

Asahi

Intecc 

11,000‌

161‌

Asahi

Kasei 

66,900‌

466‌

Astellas

Pharma 

100,780‌

967‌

Azbil 

6,500‌

182‌

Bandai

Namco

Holdings 

33,200‌

620‌

Bridgestone 

31,900‌

1,408‌

Brother

Industries 

11,900‌

210‌

Canon 

56,600‌

1,532‌

Capcom 

18,600‌

306‌

Central

Japan

Railway 

43,100‌

986‌

Chiba

Bank 

26,300‌

222‌

Chubu

Electric

Power 

34,400‌

442‌

Chugai

Pharmaceutical 

37,500‌

1,193‌

Concordia

Financial

Group 

53,800‌

290‌

Dai

Nippon

Printing 

10,900‌

317‌

Daifuku 

16,200‌

332‌

Dai-ichi

Life

Holdings 

52,500‌

1,216‌

Daiichi

Sankyo 

104,800‌

3,527‌

Daikin

Industries 

14,800‌

2,020‌

Daito

Trust

Construction 

3,400‌

364‌

Daiwa

House

Industry 

33,100‌

931‌

Daiwa

Securities

Group 

73,800‌

542‌

Denso 

107,000‌

1,824‌

Dentsu

Group 

11,100‌

300‌

Disco 

5,300‌

1,510‌

East

Japan

Railway 

50,700‌

929‌

Eisai 

14,000‌

575‌

ENEOS

Holdings 

159,920‌

739‌

T.

ROWE

PRICE

International

Equity

Index

Fund

20

Shares/Par

$

Value

(Cost

and

value

in

$000s)

FANUC 

53,200‌

1,576‌

Fast

Retailing 

9,900‌

2,589‌

Fuji

Electric 

6,800‌

423‌

FUJIFILM

Holdings 

62,700‌

1,334‌

Fujitsu 

99,000‌

1,529‌

GLP

J-Reit 

237‌

193‌

Hamamatsu

Photonics 

7,700‌

282‌

Hankyu

Hanshin

Holdings 

12,600‌

330‌

Hikari

Tsushin 

1,000‌

163‌

Hirose

Electric 

1,718‌

182‌

Hitachi 

52,600‌

4,853‌

Hitachi

Construction

Machinery 

5,300‌

151‌

Honda

Motor 

261,700‌

2,977‌

Hoshizaki 

5,500‌

190‌

Hoya 

19,900‌

2,307‌

Hulic 

19,700‌

182‌

Ibiden 

6,100‌

232‌

Idemitsu

Kosan 

52,760‌

357‌

Iida

Group

Holdings 

8,000‌

102‌

Inpex 

53,900‌

807‌

Isuzu

Motors 

31,000‌

393‌

ITOCHU 

67,300‌

3,036‌

Japan

Airlines 

7,200‌

128‌

Japan

Exchange

Group 

27,900‌

653‌

Japan

Metropolitan

Fund

Invest 

355‌

214‌

Japan

Post

Bank  (1)

80,400‌

816‌

Japan

Post

Holdings 

114,200‌

1,097‌

Japan

Post

Insurance 

10,200‌

191‌

Japan

Real

Estate

Investment 

65‌

220‌

Japan

Tobacco 

67,800‌

1,824‌

JFE

Holdings 

31,875‌

476‌

JSR 

9,700‌

266‌

Kajima 

23,400‌

448‌

Kansai

Electric

Power 

37,500‌

562‌

Kao 

26,000‌

1,073‌

Kawasaki

Kisen

Kaisha 

22,200‌

313‌

KDDI 

84,700‌

2,350‌

KDX

Realty

Investment 

212‌

209‌

Keisei

Electric

Railway 

7,300‌

272‌

Keyence 

11,056‌

4,862‌

Kikkoman 

36,500‌

435‌

Kintetsu

Group

Holdings 

9,900‌

254‌

Kirin

Holdings 

43,000‌

628‌

T.

ROWE

PRICE

International

Equity

Index

Fund

21

Shares/Par

$

Value

(Cost

and

value

in

$000s)

Kobe

Bussan 

7,700‌

166‌

Koito

Manufacturing 

10,600‌

143‌

Komatsu 

51,700‌

1,544‌

Konami

Holdings 

5,400‌

326‌

Kubota 

55,600‌

892‌

Kyocera 

71,500‌

871‌

Kyowa

Kirin 

14,400‌

242‌

Lasertec 

4,300‌

928‌

LY 

146,700‌

352‌

M3 

23,500‌

249‌

Makita 

11,900‌

345‌

Marubeni 

79,900‌

1,424‌

MatsukiyoCocokara 

18,200‌

258‌

Mazda

Motor 

31,200‌

353‌

McDonald's

Holdings

Japan 

4,400‌

194‌

MEIJI

Holdings 

12,880‌

288‌

MINEBEA

MITSUMI 

19,300‌

361‌

MISUMI

Group 

14,400‌

234‌

Mitsubishi 

195,600‌

4,473‌

Mitsubishi

Chemical

Holdings 

67,800‌

396‌

Mitsubishi

Electric 

109,200‌

1,903‌

Mitsubishi

Estate 

62,700‌

1,149‌

Mitsubishi

HC

Capital 

44,600‌

289‌

Mitsubishi

Heavy

Industries 

179,000‌

1,600‌

Mitsubishi

UFJ

Financial

Group 

629,890‌

6,275‌

Mitsui 

73,400‌

3,543‌

Mitsui

Chemicals 

8,700‌

248‌

Mitsui

Fudosan 

151,000‌

1,537‌

Mitsui

OSK

Lines 

19,100‌

606‌

Mizuho

Financial

Group 

136,610‌

2,641‌

MonotaRO 

12,400‌

149‌

MS&AD

Insurance

Group

Holdings 

71,700‌

1,289‌

Murata

Manufacturing 

97,500‌

1,782‌

NEC 

13,700‌

992‌

Nexon 

19,400‌

302‌

NIDEC 

23,244‌

1,089‌

Nintendo 

58,900‌

2,872‌

Nippon

Building

Fund  (1)

81‌

309‌

Nippon

Express

Holdings 

3,700‌

189‌

Nippon

Paint

Holdings 

49,800‌

319‌

Nippon

Prologis

REIT 

112‌

193‌

Nippon

Sanso

Holdings 

8,900‌

264‌

Nippon

Steel 

47,612‌

1,067‌

T.

ROWE

PRICE

International

Equity

Index

Fund

22

Shares/Par

$

Value

(Cost

and

value

in

$000s)

Nippon

Telegraph

&

Telephone 

1,690,400‌

1,825‌

Nippon

Yusen

KK 

25,400‌

721‌

Nissan

Chemical 

6,700‌

228‌

Nissan

Motor 

128,100‌

469‌

Nissin

Foods

Holdings 

10,900‌

291‌

Nitori

Holdings 

4,300‌

575‌

Nitto

Denko 

7,700‌

637‌

Nomura

Holdings 

167,200‌

951‌

Nomura

Real

Estate

Holdings 

5,600‌

157‌

Nomura

Real

Estate

Master

Fund 

215‌

206‌

Nomura

Research

Institute 

21,281‌

515‌

NTT

Data

Group 

33,600‌

525‌

Obayashi 

35,700‌

398‌

Obic 

3,700‌

475‌

Odakyu

Electric

Railway 

15,900‌

179‌

Olympus 

66,800‌

930‌

Omron 

9,200‌

316‌

Ono

Pharmaceutical 

19,700‌

284‌

Oracle

Corporation

Japan 

1,900‌

143‌

Oriental

Land 

61,600‌

1,700‌

ORIX 

65,400‌

1,338‌

Osaka

Gas 

19,900‌

442‌

Otsuka 

11,600‌

231‌

Otsuka

Holdings 

22,800‌

975‌

Pan

Pacific

International

Holdings 

20,300‌

477‌

Panasonic

Holdings 

122,995‌

1,074‌

Rakuten

Group  (2)

79,600‌

383‌

Recruit

Holdings 

81,600‌

3,514‌

Renesas

Electronics 

81,800‌

1,328‌

Resona

Holdings 

117,800‌

745‌

Ricoh 

27,800‌

240‌

Rohm 

17,600‌

253‌

SBI

Holdings 

13,140‌

320‌

SCREEN

Holdings 

4,400‌

454‌

SCSK 

8,100‌

147‌

Secom 

11,600‌

806‌

Seiko

Epson 

14,600‌

240‌

Sekisui

Chemical 

19,500‌

284‌

Sekisui

House 

33,000‌

758‌

Seven

&

i

Holdings 

127,756‌

1,651‌

SG

Holdings 

16,200‌

190‌

Sharp  (1)(2)

13,200‌

69‌

Shimadzu 

12,400‌

337‌

T.

ROWE

PRICE

International

Equity

Index

Fund

23

Shares/Par

$

Value

(Cost

and

value

in

$000s)

Shimano 

4,200‌

683‌

Shimizu 

27,400‌

170‌

Shin-Etsu

Chemical 

102,000‌

3,948‌

Shionogi 

13,700‌

640‌

Shiseido 

22,100‌

592‌

Shizuoka

Financial

Group 

23,800‌

222‌

SMC 

3,200‌

1,681‌

SoftBank 

162,700‌

1,962‌

SoftBank

Group 

58,200‌

2,862‌

Sompo

Holdings 

49,500‌

980‌

Sony

Group 

71,500‌

5,910‌

Square

Enix

Holdings 

4,400‌

159‌

Subaru 

33,400‌

746‌

SUMCO 

19,100‌

285‌

Sumitomo 

57,900‌

1,523‌

Sumitomo

Electric

Industries 

39,500‌

611‌

Sumitomo

Metal

Mining 

13,100‌

438‌

Sumitomo

Mitsui

Financial

Group 

72,000‌

4,090‌

Sumitomo

Mitsui

Trust

Holdings 

36,324‌

764‌

Sumitomo

Realty

&

Development 

15,200‌

526‌

Suntory

Beverage

&

Food 

7,100‌

231‌

Suzuki

Motor 

87,200‌

1,015‌

Sysmex 

26,700‌

427‌

T&D

Holdings 

26,600‌

434‌

Taisei 

9,200‌

337‌

Takeda

Pharmaceutical 

89,498‌

2,352‌

TDK 

21,600‌

964‌

Terumo 

75,000‌

1,272‌

TIS 

11,200‌

239‌

Tobu

Railway 

9,600‌

190‌

Toho 

5,700‌

191‌

Tokio

Marine

Holdings 

102,000‌

3,224‌

Tokyo

Electric

Power

Holdings  (2)

81,300‌

506‌

Tokyo

Electron 

26,700‌

5,857‌

Tokyo

Gas 

19,900‌

446‌

Tokyu 

26,900‌

318‌

TOPPAN

Holdings 

13,100‌

311‌

Toray

Industries 

76,000‌

347‌

TOTO 

7,300‌

198‌

Toyota

Industries 

8,100‌

770‌

Toyota

Motor 

601,990‌

13,731‌

Toyota

Tsusho 

11,700‌

744‌

Trend

Micro 

7,300‌

360‌

T.

ROWE

PRICE

International

Equity

Index

Fund

24

Shares/Par

$

Value

(Cost

and

value

in

$000s)

Unicharm 

22,300‌

663‌

USS 

21,000‌

160‌

West

Japan

Railway 

24,200‌

459‌

Yakult

Honsha 

13,000‌

254‌

Yamaha 

7,100‌

150‌

Yamaha

Motor 

49,100‌

458‌

Yamato

Holdings 

14,400‌

190‌

Yaskawa

Electric 

13,200‌

544‌

Yokogawa

Electric 

11,600‌

256‌

Zensho

Holdings 

4,900‌

190‌

ZOZO 

7,100‌

153‌

Total

Japan

(Cost

$144,746)

209,587‌

NETHERLANDS  4.8%

Common

Stocks 4.8% 

ABN

AMRO

Bank,

CVA  (1)

26,201‌

420‌

Adyen  (2)

1,229‌

1,472‌

Aegon 

85,628‌

533‌

AerCap

Holdings

(USD)  (2)

11,132‌

941‌

Akzo

Nobel 

9,452‌

624‌

ASM

International 

2,653‌

1,669‌

ASML

Holding 

22,890‌

19,937‌

ASR

Nederland 

8,445‌

423‌

BE

Semiconductor

Industries 

4,269‌

566‌

Coca-Cola

Europacific

Partners

(USD) 

11,462‌

825‌

DSM-Firmenich 

10,356‌

1,161‌

EXOR 

5,174‌

565‌

Heineken 

15,939‌

1,551‌

Heineken

Holding 

6,906‌

556‌

IMCD 

3,033‌

458‌

ING

Groep  (1)

188,234‌

2,976‌

JDE

Peet's 

6,375‌

142‌

Koninklijke

Ahold

Delhaize 

53,809‌

1,633‌

Koninklijke

KPN 

185,847‌

675‌

Koninklijke

Philips  (2)

43,145‌

1,146‌

NN

Group 

14,996‌

692‌

Prosus 

82,799‌

2,770‌

Randstad 

5,599‌

281‌

Universal

Music

Group 

45,686‌

1,344‌

Wolters

Kluwer 

14,062‌

2,105‌

Total

Netherlands

(Cost

$27,382)

45,465‌

T.

ROWE

PRICE

International

Equity

Index

Fund

25

Shares/Par

$

Value

(Cost

and

value

in

$000s)

NEW

ZEALAND  0.2%

Common

Stocks 0.2% 

Auckland

International

Airport 

69,604‌

322‌

EBOS

Group 

7,775‌

160‌

Fisher

&

Paykel

Healthcare 

30,998‌

519‌

Mercury

NZ 

36,089‌

135‌

Meridian

Energy 

65,514‌

231‌

Spark

New

Zealand 

94,923‌

267‌

Total

New

Zealand

(Cost

$1,180)

1,634‌

NORWAY  0.6%

Common

Stocks 0.6% 

Adevinta  (2)

18,363‌

187‌

Aker

BP 

16,830‌

408‌

DNB

Bank 

51,487‌

897‌

Equinor 

50,211‌

1,336‌

Gjensidige

Forsikring 

9,918‌

159‌

Kongsberg

Gruppen 

4,549‌

321‌

Mowi 

25,650‌

450‌

Norsk

Hydro 

70,661‌

434‌

Orkla 

38,097‌

259‌

Salmar 

3,681‌

232‌

Telenor 

35,881‌

413‌

Yara

International 

8,398‌

240‌

Total

Norway

(Cost

$4,981)

5,336‌

PORTUGAL  0.2%

Common

Stocks 0.2% 

Banco

Espirito

Santo  (2)(3)

127,132‌

—‌

EDP

-

Energias

de

Portugal 

173,758‌

653‌

EDP

Renovaveis  (1)

15,587‌

213‌

Galp

Energia 

24,960‌

536‌

Jeronimo

Martins 

14,870‌

306‌

Total

Portugal

(Cost

$1,851)

1,708‌

T.

ROWE

PRICE

International

Equity

Index

Fund

26

Shares/Par

$

Value

(Cost

and

value

in

$000s)

RUSSIAN

FEDERATION  0.0%

Common

Stocks 0.0% 

Evraz

(GBP)  (2)(3)

21,218‌

—‌

Total

Russian

Federation

(Cost

$137)

—‌

SINGAPORE  1.3%

Common

Stocks 1.3% 

CapitaLand

Ascendas

REIT 

198,797‌

377‌

CapitaLand

Integrated

Commercial

Trust 

292,868‌

418‌

CapitaLand

Investment 

132,000‌

255‌

City

Developments 

25,400‌

114‌

DBS

Group

Holdings 

112,750‌

2,870‌

Genting

Singapore 

309,000‌

206‌

Grab

Holdings,

Class

A

(USD)  (2)

100,950‌

353‌

Jardine

Cycle

&

Carriage 

5,100‌

99‌

Keppel 

80,100‌

401‌

Mapletree

Logistics

Trust 

175,300‌

172‌

Mapletree

Pan

Asia

Commercial

Trust 

120,412‌

110‌

Oversea-Chinese

Banking 

191,425‌

1,987‌

Sea,

ADR

(USD)  (2)

20,531‌

1,297‌

Seatrium  (2)

2,250,599‌

161‌

Sembcorp

Industries 

45,400‌

178‌

Singapore

Airlines 

79,232‌

378‌

Singapore

Exchange 

46,800‌

319‌

Singapore

Technologies

Engineering 

79,800‌

234‌

Singapore

Telecommunications 

458,550‌

795‌

United

Overseas

Bank 

70,520‌

1,565‌

Wilmar

International 

97,400‌

229‌

Total

Singapore

(Cost

$11,576)

12,518‌

SPAIN  2.6%

Common

Stocks 2.6% 

Acciona 

1,224‌

142‌

ACS

Actividades

de

Construccion

y

Servicios 

11,363‌

455‌

Aena 

4,165‌

759‌

Amadeus

IT

Group 

25,453‌

1,616‌

Banco

Bilbao

Vizcaya

Argentaria 

330,870‌

3,578‌

Banco

Santander  (1)

917,448‌

4,464‌

T.

ROWE

PRICE

International

Equity

Index

Fund

27

Shares/Par

$

Value

(Cost

and

value

in

$000s)

CaixaBank 

216,666‌

1,143‌

Cellnex

Telecom 

25,516‌

843‌

Enagas 

12,625‌

185‌

Endesa 

17,335‌

316‌

Ferrovial 

28,866‌

1,038‌

Grifols  (2)

15,130‌

138‌

Iberdrola 

347,878‌

4,266‌

Industria

de

Diseno

Textil  (1)

61,792‌

2,813‌

Redeia 

21,309‌

356‌

Repsol 

68,030‌

1,068‌

Telefonica 

272,143‌

1,219‌

Total

Spain

(Cost

$21,567)

24,399‌

SWEDEN  2.9%

Common

Stocks 2.9% 

Alfa

Laval  (1)

16,019‌

682‌

Assa

Abloy,

Class

B  (1)

56,643‌

1,497‌

Atlas

Copco,

Class

A 

152,089‌

2,664‌

Atlas

Copco,

Class

B 

86,990‌

1,304‌

Beijer

Ref  (1)

19,524‌

275‌

Boliden  (1)

15,026‌

494‌

Epiroc,

Class

A 

42,795‌

791‌

Epiroc,

Class

B 

16,126‌

267‌

EQT  (1)

20,682‌

558‌

Essity,

Class

B 

33,810‌

843‌

Evolution  (1)

10,215‌

1,129‌

Fastighets

Balder,

Class

B  (1)(2)

35,340‌

223‌

Getinge,

Class

B 

11,602‌

244‌

H

&

M

Hennes

&

Mauritz,

Class

B  (1)

35,629‌

566‌

Hexagon,

Class

B 

115,738‌

1,211‌

Holmen,

Class

B  (1)

4,652‌

181‌

Husqvarna,

Class

B  (1)

21,284‌

173‌

Industrivarden,

Class

A 

2,659‌

86‌

Industrivarden,

Class

C  (1)

13,636‌

438‌

Indutrade 

14,465‌

333‌

Investment

AB

Latour,

Class

B  (1)

7,710‌

186‌

Investor,

Class

B 

97,983‌

2,400‌

L

E

Lundbergforetagen,

Class

B  (1)

3,769‌

186‌

Lifco,

Class

B 

12,760‌

309‌

Nibe

Industrier,

Class

B  (1)

80,711‌

372‌

Saab,

Class

B 

4,393‌

348‌

Sagax,

Class

B 

10,515‌

263‌

T.

ROWE

PRICE

International

Equity

Index

Fund

28

Shares/Par

$

Value

(Cost

and

value

in

$000s)

Sandvik (1)

59,433‌

1,185‌

Securitas,

Class

B  (1)

25,140‌

252‌

Skandinaviska

Enskilda

Banken,

Class

A 

88,435‌

1,158‌

Skanska,

Class

B 

18,629‌

320‌

SKF,

Class

B 

18,052‌

371‌

Svenska

Cellulosa,

Class

B  (1)

32,177‌

472‌

Svenska

Handelsbanken,

Class

A 

81,080‌

695‌

Swedbank,

Class

A 

47,228‌

903‌

Swedish

Orphan

Biovitrum  (2)

9,877‌

255‌

Tele2,

Class

B 

27,098‌

253‌

Telefonaktiebolaget

LM

Ericsson,

Class

B  (1)

162,675‌

825‌

Telia  (1)

124,465‌

285‌

Volvo,

Class

A 

10,706‌

282‌

Volvo,

Class

B 

85,427‌

2,174‌

Volvo

Car  (1)(2)

37,898‌

8‌

Volvo

Car,

Class

B  (1)(2)

37,898‌

118‌

Total

Sweden

(Cost

$21,416)

27,579‌

SWITZERLAND  8.9%

Common

Stocks 8.9% 

ABB 

90,693‌

4,407‌

Adecco

Group 

8,759‌

306‌

Alcon 

28,284‌

2,169‌

Avolta  (2)

5,000‌

189‌

Bachem

Holding  (1)

1,703‌

148‌

Baloise

Holding 

2,405‌

363‌

Banque

Cantonale

Vaudoise 

1,494‌

156‌

Barry

Callebaut 

195‌

315‌

BKW 

1,079‌

160‌

Chocoladefabriken

Lindt

&

Spruengli 

67‌

772‌

Chocoladefabriken

Lindt

&

Spruengli,

Registered

Shares 

6‌

692‌

Cie

Financiere

Richemont 

30,483‌

4,214‌

Clariant 

10,700‌

160‌

EMS-Chemie

Holding 

383‌

306‌

Geberit 

1,861‌

993‌

Givaudan 

523‌

2,237‌

Helvetia

Holding 

2,025‌

265‌

Holcim 

29,509‌

2,470‌

Julius

Baer

Group 

11,403‌

612‌

Kuehne

+

Nagel

International 

3,016‌

797‌

Logitech

International 

9,130‌

711‌

Lonza

Group 

4,215‌

2,327‌

T.

ROWE

PRICE

International

Equity

Index

Fund

29

Shares/Par

$

Value

(Cost

and

value

in

$000s)

Nestle 

151,586‌

15,219‌

Novartis 

116,343‌

11,292‌

Partners

Group

Holding 

1,282‌

1,649‌

Roche

Holding 

1,819‌

479‌

Roche

Holding,

Genusschein 

39,874‌

9,554‌

Sandoz

Group  (2)

22,695‌

771‌

Schindler

Holding 

2,500‌

623‌

Schindler

Holding,

Registered

Shares 

1,238‌

302‌

SGS 

8,318‌

732‌

SIG

Group 

16,755‌

335‌

Sika 

8,630‌

2,455‌

Sonova

Holding 

2,814‌

778‌

Straumann

Holding 

6,207‌

825‌

Swatch

Group  (1)

1,511‌

318‌

Swatch

Group,

Registered

Shares 

2,446‌

101‌

Swiss

Life

Holding 

1,643‌

1,109‌

Swiss

Prime

Site 

4,216‌

389‌

Swiss

Re 

17,067‌

1,855‌

Swisscom 

1,438‌

789‌

Temenos 

3,235‌

201‌

UBS

Group 

186,552‌

4,900‌

VAT

Group 

1,497‌

745‌

Zurich

Insurance

Group 

8,297‌

4,016‌

Total

Switzerland

(Cost

$58,943)

84,206‌

UNITED

ARAB

EMIRATES  0.0%

Common

Stocks 0.0% 

NMC

Health

(GBP)  (2)(3)

3,218‌

—‌

Total

United

Arab

Emirates

(Cost

$125)

—‌

UNITED

KINGDOM  14.6%

Common

Stocks 14.6% 

3i

Group 

55,028‌

1,966‌

abrdn 

101,543‌

185‌

Admiral

Group 

13,869‌

472‌

Anglo

American 

71,812‌

2,347‌

Ashtead

Group 

24,731‌

1,796‌

Associated

British

Foods 

18,839‌

624‌

AstraZeneca 

87,990‌

13,308‌

Auto

Trader

Group 

50,003‌

434‌

Aviva 

152,262‌

884‌

T.

ROWE

PRICE

International

Equity

Index

Fund

30

Shares/Par

$

Value

(Cost

and

value

in

$000s)

BAE

Systems 

171,762‌

2,857‌

Barclays 

857,000‌

2,161‌

Barratt

Developments 

49,922‌

282‌

Berkeley

Group

Holdings 

5,807‌

341‌

BP 

970,976‌

6,259‌

British

American

Tobacco 

114,601‌

3,364‌

BT

Group 

344,769‌

441‌

Bunzl 

18,738‌

719‌

Burberry

Group 

19,138‌

274‌

Centrica 

297,551‌

475‌

Coca-Cola

HBC 

12,077‌

390‌

Compass

Group 

96,764‌

2,691‌

CRH 

39,308‌

3,044‌

Croda

International 

7,437‌

426‌

Diageo 

126,744‌

4,380‌

Endeavour

Mining 

9,416‌

199‌

Entain 

34,020‌

332‌

Experian 

51,992‌

2,097‌

Flutter

Entertainment  (2)

10,015‌

1,855‌

Glencore 

587,487‌

3,418‌

GSK 

233,349‌

4,841‌

Haleon 

334,575‌

1,413‌

Halma 

20,992‌

575‌

Hargreaves

Lansdown 

17,641‌

178‌

Hikma

Pharmaceuticals 

8,475‌

204‌

HSBC

Holdings 

1,087,110‌

9,423‌

Imperial

Brands 

46,541‌

1,063‌

Informa 

76,255‌

755‌

InterContinental

Hotels

Group 

9,186‌

896‌

Intertek

Group 

8,596‌

529‌

J

Sainsbury 

88,279‌

290‌

JD

Sports

Fashion 

131,454‌

188‌

Kingfisher 

98,343‌

303‌

Land

Securities

Group 

37,685‌

305‌

Legal

&

General

Group 

332,668‌

977‌

Lloyds

Banking

Group 

3,597,421‌

2,322‌

London

Stock

Exchange

Group 

23,585‌

2,600‌

M&G 

123,329‌

309‌

Melrose

Industries 

73,580‌

578‌

Mondi 

25,496‌

483‌

National

Grid 

210,648‌

2,763‌

NatWest

Group 

317,191‌

1,197‌

Next 

6,718‌

753‌

T.

ROWE

PRICE

International

Equity

Index

Fund

31

Shares/Par

$

Value

(Cost

and

value

in

$000s)

Ocado

Group  (1)(2)

29,345‌

129‌

Pearson 

33,052‌

401‌

Persimmon 

16,201‌

262‌

Phoenix

Group

Holdings 

38,060‌

232‌

Prudential 

153,363‌

1,334‌

Reckitt

Benckiser

Group 

40,393‌

2,258‌

RELX 

106,895‌

4,392‌

Rentokil

Initial 

140,079‌

707‌

Rio

Tinto 

63,835‌

4,319‌

Rolls-Royce

Holdings  (2)

476,424‌

2,443‌

Sage

Group 

56,658‌

822‌

Schroders 

40,885‌

179‌

Segro 

70,514‌

742‌

Severn

Trent 

14,298‌

441‌

Shell 

369,114‌

13,122‌

Smith

&

Nephew 

48,403‌

586‌

Smiths

Group 

18,509‌

373‌

Spirax-Sarco

Engineering 

3,929‌

432‌

SSE 

60,879‌

1,265‌

St.

James's

Place 

27,802‌

150‌

Standard

Chartered 

126,040‌

1,083‌

Taylor

Wimpey 

185,492‌

304‌

Tesco 

393,413‌

1,453‌

Unilever 

141,862‌

7,339‌

United

Utilities

Group 

36,239‌

472‌

Vodafone

Group 

1,280,914‌

1,080‌

Whitbread 

10,022‌

395‌

Wise,

Class

A  (2)

32,287‌

310‌

WPP 

57,243‌

574‌

Total

United

Kingdom

(Cost

$121,463)

138,565‌

UNITED

STATES  0.0%

Common

Stocks 0.0% 

Wix.com  (2)

2,900‌

345‌

Total

United

States

(Cost

$620)

345‌

SHORT-TERM

INVESTMENTS  1.5%

Money

Market

Funds  1.3%

T.

Rowe

Price

Government

Reserve

Fund,

5.37%  (4)(5)

12,699,989‌

12,700‌

12,700‌

T.

ROWE

PRICE

International

Equity

Index

Fund

32

Shares/Par

$

Value

(Cost

and

value

in

$000s)

U.S.

Treasury

Obligations  0.2%

U.S.

Treasury

Bills,

5.254%,

5/9/24 

1,400,000‌

1,398‌

U.S.

Treasury

Bills,

5.297%,

6/6/24  (6)

240,000‌

239‌

1,637‌

Total

Short-Term

Investments

(Cost

$14,337)

14,337‌

SECURITIES

LENDING

COLLATERAL  3.4%

INVESTMENTS

IN

A

POOLED

ACCOUNT

THROUGH

SECURITIES

LENDING

PROGRAM

WITH

JPMORGAN

CHASE

BANK  3.4%

Money

Market

Funds  3.4%

T.

Rowe

Price

Government

Reserve

Fund,

5.37%  (4)(5)

32,051,983‌

32,052‌

Total

Investments

in

a

Pooled

Account

through

Securities

Lending

Program

with

JPMorgan

Chase

Bank

32,052‌

Total

Securities

Lending

Collateral

(Cost

$32,052)

32,052‌

Total

Investments

in

Securities

102.0%

of

Net

Assets

(Cost

$736,143)

$

965,531‌

‡

Country

classifications

are

generally

based

on

MSCI

categories

or

another

unaffiliated

third

party

data

provider;

Shares/Par

and

Notional

Amount

are

denominated

in

the

currency

of

the

country

presented

unless

otherwise

noted.

(1)

See

Note

4

.

All

or

a

portion

of

this

security

is

on

loan

at

April

30,

2024.

(2)

Non-income

producing

(3)

See

Note

2.

Level

3

in

fair

value

hierarchy.

(4)

Seven-day

yield

(5)

Affiliated

Companies

(6)

At

April

30,

2024,

all

or

a

portion

of

this

security

is

pledged

as

collateral

and/

or

margin

deposit

to

cover

future

funding

obligations.

ADR

American

Depositary

Receipts

AUD

Australian

Dollar

CDI

CHESS

or

CREST

Depositary

Interest

CVA

Dutch

Certificate

(Certificaten

Van

Aandelen)

ETF

Exchange-Traded

Fund

EUR

Euro

GBP

British

Pound

USD

U.S.

Dollar

T.

ROWE

PRICE

International

Equity

Index

Fund

33

FUTURES

CONTRACTS

($000s)

Expiration

Date

Notional

Amount

Value

and

Unrealized

Gain

(Loss)

Long,

195

MSCI

EAFE

Index

contracts

6/24

22,108

$

(432‌)

Net

payments

(receipts)

of

variation

margin

to

date

138‌

Variation

margin

receivable

(payable)

on

open

futures

contracts

$

(294‌)

T.

ROWE

PRICE

International

Equity

Index

Fund

34

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

AFFILIATED

COMPANIES

($000s)

The

fund

may

invest

in

certain

securities

that

are

considered

affiliated

companies.

As

defined

by

the

1940

Act,

an

affiliated

company

is

one

in

which

the

fund

owns

5%

or

more

of

the

outstanding

voting

securities,

or

a

company

that

is

under

common

ownership

or

control.

The

following

securities

were

considered

affiliated

companies

for

all

or

some

portion

of

the

six

months

ended

April

30,

2024.

Net

realized

gain

(loss),

investment

income,

change

in

net

unrealized

gain/loss,

and

purchase

and

sales

cost

reflect

all

activity

for

the

period

then

ended.

Affiliate

Net

Realized

Gain

(Loss)

Change

in

Net

Unrealized

Gain/Loss

Investment

Income

T.

Rowe

Price

Government

Reserve

Fund,

5.37%

$

—‌

$

—‌

$

415‌++

Totals

$

—‌#

$

—‌

$

415‌+

Supplementary

Investment

Schedule

Affiliate

Value

10/31/23

Purchase

Cost

Sales

Cost

Value

04/30/24

T.

Rowe

Price

Government

Reserve

Fund,

5.37%

$

24,898‌

 ¤

  ¤

$

44,752‌

Total

$

44,752‌^

#

Capital

gain

distributions

from

underlying

Price

funds

represented

$0

of

the

net

realized

gain

(loss).

++

Excludes

earnings

on

securities

lending

collateral,

which

are

subject

to

rebates

and

fees

as

described

in

Note

4

.

+

Investment

income

comprised

$415

of

dividend

income

and

$0

of

interest

income.

¤

Purchase

and

sale

information

not

shown

for

cash

management

funds.

^

The

cost

basis

of

investments

in

affiliated

companies

was

$44,752.

T.

ROWE

PRICE

International

Equity

Index

Fund

April

30,

2024

(Unaudited)

Statement

of

Assets

and

Liabilities

35

($000s,

except

shares

and

per

share

amounts)

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Assets

Investments

in

securities,

at

value

(cost

$736,143)

$

965,531‌

Receivable

for

shares

sold

5,906‌

Dividends

receivable

3,572‌

Foreign

currency

(cost

$1,775)

1,763‌

Cash

deposits

on

futures

contracts

460‌

Other

assets

2,855‌

Total

assets

980,087‌

Liabilities

Obligation

to

return

securities

lending

collateral

32,052‌

Payable

for

shares

redeemed

420‌

Variation

margin

payable

on

futures

contracts

294‌

Investment

management

fees

payable

70‌

Due

to

affiliates

65‌

Other

liabilities

560‌

Total

liabilities

33,461‌

NET

ASSETS

$

946,626‌

Net

Assets

Consist

of:

Total

distributable

earnings

(loss)

$

188,061‌

Paid-in

capital

applicable

to

59,249,550

shares

of

$0.01

par

value

capital

stock

outstanding;

1,000,000,000

shares

of

the

Corporation

authorized

758,565‌

NET

ASSETS

$

946,626‌

NET

ASSET

VALUE

PER

SHARE

Investor

Class

(Net

assets:

$738,064;

Shares

outstanding:

46,211,038)

$

15.97‌

Z

Class

(Net

assets:

$208,562;

Shares

outstanding:

13,038,512)

$

16.00‌

T.

ROWE

PRICE

International

Equity

Index

Fund

(Unaudited)

Statement

of

Operations

36

($000s)

6

Months

Ended

4/30/24

Investment

Income

(Loss)

Income

Dividend

(net

of

foreign

taxes

of

$1,046)

$

13,848‌

Securities

lending

70‌

    Interest

31‌

Other

3‌

Total

income

13,952‌

Expenses

Investment

management

391‌

Shareholder

servicing

Investor

Class

407‌

Prospectus

and

shareholder

reports

Investor

Class

$

18‌

Z

Class

1‌

19‌

Custody

and

accounting

155‌

Registration

47‌

Legal

and

audit

27‌

Directors

1‌

Miscellaneous

9‌

Waived

/

paid

by

Price

Associates

(114‌)

Total

expenses

942‌

Net

investment

income

13,010‌

T.

ROWE

PRICE

International

Equity

Index

Fund

(Unaudited)

Statement

of

Operations

37

($000s)

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

6

Months

Ended

4/30/24

Realized

and

Unrealized

Gain

/

Loss

–

Net

realized

gain

(loss)

Securities

(1,764‌)

Futures

1,465‌

Foreign

currency

transactions

(10‌)

Net

realized

loss

(309‌)

Change

in

net

unrealized

gain

/

loss

Securities

114,238‌

Futures

359‌

Other

assets

and

liabilities

denominated

in

foreign

currencies

(67‌)

Change

in

net

unrealized

gain

/

loss

114,530‌

Net

realized

and

unrealized

gain

/

loss

114,221‌

INCREASE

IN

NET

ASSETS

FROM

OPERATIONS

$

127,231‌

T.

ROWE

PRICE

International

Equity

Index

Fund

(Unaudited)

Statement

of

Changes

in

Net

Assets

38

($000s)

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

6

Months

Ended

4/30/24

Year

Ended

10/31/23

Increase

(Decrease)

in

Net

Assets

Operations

Net

investment

income

$

13,010‌

$

22,672‌

Net

realized

loss

(309‌)

(26,964‌)

Change

in

net

unrealized

gain

/

loss

114,530‌

91,616‌

Increase

in

net

assets

from

operations

127,231‌

87,324‌

Distributions

to

shareholders

Net

earnings

Investor

Class

(21,024‌)

(15,734‌)

Z

Class

(4,210‌)

(1,357‌)

Decrease

in

net

assets

from

distributions

(25,234‌)

(17,091‌)

Capital

share

transactions

*

Shares

sold

Investor

Class

60,363‌

201,756‌

Z

Class

83,637‌

86,099‌

Distributions

reinvested

Investor

Class

19,807‌

14,854‌

Z

Class

4,210‌

1,357‌

Shares

redeemed

Investor

Class

(58,557‌)

(201,780‌)

Z

Class

(7,411‌)

(13,469‌)

Increase

in

net

assets

from

capital

share

transactions

102,049‌

88,817‌

Net

Assets

Increase

during

period

204,046‌

159,050‌

Beginning

of

period

742,580‌

583,530‌

End

of

period

$

946,626‌

$

742,580‌

*

Share

information

(000s)

Shares

sold

Investor

Class

3,863‌

13,704‌

Z

Class

5,263‌

5,842‌

Distributions

reinvested

Investor

Class

1,291‌

1,059‌

Z

Class

274‌

97‌

Shares

redeemed

Investor

Class

(3,753‌)

(13,566‌)

Z

Class

(475‌)

(922‌)

Increase

in

shares

outstanding

6,463‌

6,214‌

T.

ROWE

PRICE

International

Equity

Index

Fund

Unaudited

NOTES

TO

FINANCIAL

STATEMENTS

39

T.

Rowe

Price

International

Index

Fund,

Inc.

(the

corporation) is

registered

under

the

Investment

Company

Act

of

1940

(the

1940

Act).

The

International

Equity

Index

Fund

(the

fund)

is

an

open-end

management

investment

company

established

by

the

corporation

and

intends

to

be

diversified

in

approximately

the

same

proportion

as

the

index

it

tracks

is

diversified.

The

fund

may

become

nondiversified

for

periods

of

time

solely

as

a

result

of

changes

in

the

composition

of

the

index

(for

example,

changes

in

the

relative

market

capitalization

or

index

weighting

of

one

or

more

securities

represented

in

the

index). The

fund

seeks

to

provide

long-term

capital

growth.

The

fund

has two classes

of

shares:

the

International

Equity

Index

Fund

(Investor

Class)

and

the

International

Equity

Index

Fund–Z

Class

(Z

Class).

The

Z

Class

is

only

available

to

funds

advised

by

T.

Rowe

Price

Associates,

Inc.

and

its

affiliates

and

other

clients

that

are

subject

to

a

contractual

fee

for

investment

management

services. Each

class

has

exclusive

voting

rights

on

matters

related

solely

to

that

class;

separate

voting

rights

on

matters

that

relate

to

both

classes;

and,

in

all

other

respects,

the

same

rights

and

obligations

as

the

other

class.

NOTE

1

-

SIGNIFICANT

ACCOUNTING

POLICIES 

Basis

of

Preparation

 The fund

is

an

investment

company

and

follows

accounting

and

reporting

guidance

in

the

Financial

Accounting

Standards

Board

(FASB)

Accounting

Standards

Codification

Topic

946

(ASC

946).

The

accompanying

financial

statements

were

prepared

in

accordance

with

accounting

principles

generally

accepted

in

the

United

States

of

America

(GAAP),

including,

but

not

limited

to,

ASC

946.

GAAP

requires

the

use

of

estimates

made

by

management.

Management

believes

that

estimates

and

valuations

are

appropriate;

however,

actual

results

may

differ

from

those

estimates,

and

the

valuations

reflected

in

the

accompanying

financial

statements

may

differ

from

the

value

ultimately

realized

upon

sale

or

maturity.

Investment

Transactions,

Investment

Income,

and

Distributions

 Investment

transactions

are

accounted

for

on

the

trade

date

basis.

Income

and

expenses

are

recorded

on

the

accrual

basis.

Realized

gains

and

losses

are

reported

on

the

identified

cost

basis. Premiums

and

discounts

on

debt

securities

are

amortized

for

financial

reporting

purposes. Income

tax-related

interest

and

penalties,

if

incurred,

are

recorded

as

income

tax

expense. Dividends

received

from other

investment

companies are

reflected

as

dividend income;

capital

gain

distributions

are

reflected

as

realized

gain/loss. Dividend

income and

capital

T.

ROWE

PRICE

International

Equity

Index

Fund

40

gain

distributions

are

recorded

on

the

ex-dividend

date. Non-cash

dividends,

if

any,

are

recorded

at

the

fair

market

value

of

the

asset

received. Proceeds

from

litigation

payments,

if

any,

are

included

in

either

net

realized

gain

(loss)

or

change

in

net

unrealized

gain/loss

from

securities. Distributions

to

shareholders

are

recorded

on

the

ex-dividend

date. Income

distributions,

if

any,

are

declared

and

paid

by

each

class annually. A

capital

gain

distribution,

if

any, may

also

be

declared

and

paid

by

the

fund

annually.

Currency

Translation

 Assets,

including

investments,

and

liabilities

denominated

in

foreign

currencies

are

translated

into

U.S.

dollar

values

each

day

at

the

prevailing

exchange

rate,

using

the

mean

of

the

bid

and

asked

prices

of

such

currencies

against

U.S.

dollars

as

provided

by

an

outside

pricing

service.

Purchases

and

sales

of

securities,

income,

and

expenses

are

translated

into

U.S.

dollars

at

the

prevailing

exchange

rate

on

the

respective

date

of

such

transaction.

The

effect

of

changes

in

foreign

currency

exchange

rates

on

realized

and

unrealized

security

gains

and

losses

is

not

bifurcated

from

the

portion

attributable

to

changes

in

market

prices.

Class

Accounting

Shareholder

servicing,

prospectus,

and

shareholder

report

expenses

incurred

by

each

class

are

charged

directly

to

the

class

to

which

they

relate.

Expenses

common

to

all

classes,

investment

income,

and

realized

and

unrealized

gains

and

losses

are

allocated

to

the

classes

based

upon

the

relative

daily

net

assets

of

each

class.

Capital

Transactions

 Each

investor’s

interest

in

the

net

assets

of the

fund

is

represented

by

fund

shares. The

fund’s

net

asset

value

(NAV)

per

share

is

computed

at

the

close

of

the

New

York

Stock

Exchange

(NYSE),

normally

4

p.m.

ET,

each

day

the

NYSE

is

open

for

business.

However,

the

NAV

per

share

may

be

calculated

at

a

time

other

than

the

normal

close

of

the

NYSE

if

trading

on

the

NYSE

is

restricted,

if

the

NYSE

closes

earlier,

or

as

may

be

permitted

by

the

SEC.

Purchases

and

redemptions

of

fund

shares

are

transacted

at

the

next-computed

NAV

per

share,

after

receipt

of

the

transaction

order

by

T.

Rowe

Price

Associates,

Inc.,

or

its

agents.

Indemnification

 In

the

normal

course

of

business, the

fund

may

provide

indemnification

in

connection

with

its

officers

and

directors,

service

providers,

and/or

private

company

investments. The

fund’s

maximum

exposure

under

these

arrangements

is

unknown;

however,

the

risk

of

material

loss

is

currently

considered

to

be

remote.

T.

ROWE

PRICE

International

Equity

Index

Fund

41

NOTE

2

-

VALUATION 

Fair

Value

  The

fund’s

financial

instruments

are

valued

at

the

close

of

the

NYSE

and

are

reported

at

fair

value,

which

GAAP

defines

as

the

price

that

would

be

received

to

sell

an

asset

or

paid

to

transfer

a

liability

in

an

orderly

transaction

between

market

participants

at

the

measurement

date. The fund’s

Board

of

Directors

(the

Board)

has

designated

T.

Rowe

Price

Associates,

Inc.

as

the

fund’s

valuation

designee

(Valuation

Designee).

Subject

to

oversight

by

the

Board,

the

Valuation

Designee

performs

the

following

functions

in

performing

fair

value

determinations:

assesses

and

manages

valuation

risks;

establishes

and

applies

fair

value

methodologies;

tests

fair

value

methodologies;

and

evaluates

pricing

vendors

and

pricing

agents.

The

duties

and

responsibilities

of

the

Valuation

Designee

are

performed

by

its

Valuation

Committee. The

Valuation

Designee provides

periodic

reporting

to

the

Board

on

valuation

matters.

Various

valuation

techniques

and

inputs

are

used

to

determine

the

fair

value

of

financial

instruments.

GAAP

establishes

the

following

fair

value

hierarchy

that

categorizes

the

inputs

used

to

measure

fair

value:

Level

1

–

quoted

prices

(unadjusted)

in

active

markets

for

identical

financial

instruments

that

the

fund

can

access

at

the

reporting

date

Level

2

–

inputs

other

than

Level

1

quoted

prices

that

are

observable,

either

directly

or

indirectly

(including,

but

not

limited

to,

quoted

prices

for

similar

financial

instruments

in

active

markets,

quoted

prices

for

identical

or

similar

financial

instruments

in

inactive

markets,

interest

rates

and

yield

curves,

implied

volatilities,

and

credit

spreads)

Level

3

–

unobservable

inputs

(including

the Valuation

Designee’s assumptions

in

determining

fair

value)

Observable

inputs

are

developed

using

market

data,

such

as

publicly

available

information

about

actual

events

or

transactions,

and

reflect

the

assumptions

that

market

participants

would

use

to

price

the

financial

instrument.

Unobservable

inputs

are

those

for

which

market

data

are

not

available

and

are

developed

using

the

best

information

available

about

the

assumptions

that

market

participants

would

use

to

price

the

financial

instrument.

GAAP

requires

valuation

techniques

to

maximize

the

use

of

relevant

observable

inputs

and

minimize

the

use

of

unobservable

inputs.

When

multiple

inputs

are

used

to

derive

fair

value,

the

financial

instrument

is

assigned

to

the

level

within

the

fair

value

hierarchy

based

on

the

lowest-level

input

that

is

significant

to

the

fair

value

of

the

financial

T.

ROWE

PRICE

International

Equity

Index

Fund

42

instrument.

Input

levels

are

not

necessarily

an

indication

of

the

risk

or

liquidity

associated

with

financial

instruments

at

that

level

but

rather

the

degree

of

judgment

used

in

determining

those

values.

Valuation

Techniques 

Equity

securities,

including

exchange-traded

funds, listed

or

regularly

traded

on

a

securities

exchange

or

in

the

over-the-

counter

(OTC)

market

are

valued

at

the

last

quoted

sale

price

or,

for

certain

markets,

the

official

closing

price

at

the

time

the

valuations

are

made.

OTC

Bulletin

Board

securities

are

valued

at

the

mean

of

the

closing

bid

and

asked

prices.

A

security

that

is

listed

or

traded

on

more

than

one

exchange

is

valued

at

the

quotation

on

the

exchange

determined

to

be

the

primary

market

for

such

security.

Listed

securities

not

traded

on

a

particular

day

are

valued

at

the

mean

of

the

closing

bid

and

asked

prices

for

domestic

securities

and

the

last

quoted

sale

or

closing

price

for

international

securities.

The

last

quoted

prices

of

non-U.S.

equity

securities

may

be

adjusted

to

reflect

the

fair

value

of

such

securities

at

the

close

of

the

NYSE,

if

the Valuation

Designee

determines

that

developments

between

the

close

of

a

foreign

market

and

the

close

of

the

NYSE

will

affect

the

value

of

some

or

all

of

the

fund’s portfolio

securities.

Each

business

day,

the

Valuation

Designee uses

information

from

outside

pricing

services

to

evaluate

the

quoted

prices

of

portfolio

securities

and,

if

appropriate,

decide whether

it

is

necessary

to

adjust

quoted

prices

to

reflect

fair

value

by

reviewing

a

variety

of

factors,

including

developments

in

foreign

markets,

the

performance

of

U.S.

securities

markets,

and

the

performance

of

instruments

trading

in

U.S.

markets

that

represent

foreign

securities

and

baskets

of

foreign

securities. The Valuation

Designee

uses

outside

pricing

services

to

provide

it

with

quoted

prices

and

information

to

evaluate

or

adjust

those

prices.

The Valuation

Designee

cannot

predict

how

often

it

will

use

quoted

prices

and

how

often

it

will

determine

it

necessary

to

adjust

those

prices

to

reflect

fair

value.

Debt

securities

generally

are

traded

in

the over-the-counter

(OTC)

market

and

are

valued

at

prices

furnished

by

independent

pricing

services

or

by

broker

dealers

who

make

markets

in

such

securities.

When

valuing

securities,

the

independent

pricing

services

consider

factors

such

as,

but

not

limited

to,

the

yield

or

price

of

bonds

of

comparable

quality,

coupon,

maturity,

and

type,

as

well

as

prices

quoted

by

dealers

who

make

markets

in

such

securities.

T.

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International

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43

Investments

in

mutual

funds

are

valued

at

the

mutual

fund’s

closing

NAV

per

share

on

the

day

of

valuation.

Futures

contracts

are

valued

at

closing

settlement

prices.

Assets

and

liabilities

other

than

financial

instruments,

including

short-

term

receivables

and

payables,

are

carried

at

cost,

or

estimated

realizable

value,

if

less,

which

approximates

fair

value. 

Investments

for

which

market

quotations are

not

readily

available

or

deemed

unreliable

are

valued

at

fair

value

as

determined

in

good

faith

by

the

Valuation

Designee.

The

Valuation

Designee

has

adopted

methodologies

for

determining

the

fair

value

of

investments

for

which

market

quotations

are

not

readily

available

or

deemed

unreliable,

including

the

use

of

other

pricing

sources.

Factors

used

in

determining

fair

value

vary

by

type

of

investment

and

may

include

market

or

investment

specific

considerations.

The

Valuation

Designee typically

will

afford

greatest

weight

to

actual

prices

in

arm’s

length

transactions,

to

the

extent

they

represent

orderly

transactions

between

market

participants,

transaction

information

can

be

reliably

obtained,

and

prices

are

deemed

representative

of

fair

value.

However,

the

Valuation

Designee may

also

consider

other

valuation

methods

such

as

market-based

valuation

multiples;

a

discount

or

premium

from

market

value

of

a

similar,

freely

traded

security

of

the

same

issuer;

discounted

cash

flows;

yield

to

maturity;

or

some

combination.

Fair

value

determinations

are

reviewed

on

a

regular

basis.

Because

any

fair

value

determination

involves

a

significant

amount

of

judgment,

there

is

a

degree

of

subjectivity

inherent

in

such

pricing

decisions. Fair

value

prices

determined

by

the

Valuation

Designee could

differ

from

those

of

other

market

participants,

and

it

is

possible

that

the

fair

value

determined

for

a

security

may

be

materially

different

from

the

value

that

could

be

realized

upon

the

sale

of

that

security.

T.

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PRICE

International

Equity

Index

Fund

44

Valuation

Inputs

  The

following

table

summarizes

the

fund’s

financial

instruments,

based

on

the

inputs

used

to

determine

their

fair

values

on

April

30,

2024

(for

further

detail

by

category,

please

refer

to

the

accompanying

Portfolio

of

Investments):

NOTE

3

-

DERIVATIVE

INSTRUMENTS 

During

the

six

months ended

April

30,

2024,

the

fund

invested

in

derivative

instruments.

As

defined

by

GAAP,

a

derivative

is

a

financial

instrument

whose

value

is

derived

from

an

underlying

security

price,

foreign

exchange

rate,

interest

rate,

index

of

prices

or

rates,

or

other

variable;

it

requires

little

or

no

initial

investment

and

permits

or

requires

net

settlement.

The

fund

invests

in

derivatives

only

if

the

expected

risks

and

rewards

are

consistent

with

its

investment

objectives,

policies,

and

overall

risk

profile,

as

described

in

its

prospectus

and

Statement

of

Additional

Information.

The

fund

may

use

derivatives

for

a

variety

of

purposes

and

may

use

them

to

establish

both

long

and

short

positions

within

the

fund’s

portfolio.

Potential

uses

include

to

hedge

against

declines

in

principal

value,

increase

yield,

invest

in

an

asset

with

greater

efficiency

and

at

a

lower

cost

than

is

possible

through

direct

investment,

to

enhance

return,

or

to

adjust

credit

exposure.

The

risks

associated

with

the

use

($000s)

Level

1

Level

2

Level

3

Total

Value

Assets

Common

Stocks

$

6,605‌

$

902,534‌

$

—‌

$

909,139‌

Equity

Mutual

Funds

6,022‌

—‌

—‌

6,022‌

Preferred

Stocks

—‌

3,981‌

—‌

3,981‌

Short-Term

Investments

12,700‌

1,637‌

—‌

14,337‌

Securities

Lending

Collateral

32,052‌

—‌

—‌

32,052‌

Total

$

57,379‌

$

908,152‌

$

—‌

$

965,531‌

Liabilities

Futures

Contracts*

$

432‌

$

—‌

$

—‌

$

432‌

*

The

fair

value

presented

includes

cumulative

gain

(loss)

on

open

futures

contracts;

however,

the

net

value

reflected

on

the

accompanying

Portfolio

of

Investments

is

only

the

unsettled

variation

margin

receivable

(payable)

at

that

date.

T.

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International

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Index

Fund

45

of

derivatives

are

different

from,

and

potentially

much

greater

than,

the

risks

associated

with

investing

directly

in

the

instruments

on

which

the

derivatives

are

based.

The

fund

values

its

derivatives

at

fair

value

and

recognizes

changes

in

fair

value

currently

in

its

results

of

operations.

Accordingly,

the

fund

does

not

follow

hedge

accounting,

even

for

derivatives

employed

as

economic

hedges.

Generally,

the

fund

accounts

for

its

derivatives

on

a

gross

basis.

It

does

not

offset

the

fair

value

of

derivative

liabilities

against

the

fair

value

of

derivative

assets

on

its

financial

statements,

nor

does

it

offset

the

fair

value

of

derivative

instruments

against

the

right

to

reclaim

or

obligation

to

return

collateral.

The

following

table

summarizes

the

fair

value

of

the

fund’s

derivative

instruments

held

as

of

April

30,

2024,

and

the

related

location

on

the

accompanying

Statement

of

Assets

and

Liabilities,

presented

by

primary

underlying

risk

exposure: 

Additionally,

the

amount

of

gains

and

losses

on

derivative

instruments

recognized

in

fund

earnings

during

the

six

months ended

April

30,

2024,

and

the

related

location

on

the

accompanying

Statement

of

Operations

is

summarized

in

the

following

table

by

primary

underlying

risk

exposure: 

($000s)

Location

on

Statement

of

Assets

and

Liabilities

Fair

Value*

*

Liabilities

Equity

derivatives

Futures

$

432‌

Total

$

432‌

*

The

fair

value

presented

includes

cumulative

gain

(loss)

on

open

futures

contracts;

however,

the

value

reflected

on

the

accompanying

Statement

of

Assets

and

Liabilities

is

only

the

unsettled

variation

margin

receivable

(payable)

at

that

date.

($000s)                                              

Location

of

Gain

(Loss)

on

Statement

of

Operations

Futures

Realized

Gain

(Loss)

Equity

derivatives

$

1,465‌

Total

$

1,465‌

T.

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PRICE

International

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Index

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46

Counterparty

Risk

and

Collateral

 The

fund

invests

in

exchange-traded

and/or

centrally

cleared

derivative

contracts,

such

as

futures,

exchange-traded

options,

and

centrally

cleared

swaps.

Counterparty

risk

on

such

derivatives

is

minimal

because

the

clearinghouse

provides

protection

against

counterparty

defaults.

For

futures

and

centrally

cleared

swaps,

the

fund

is

required

to

deposit

collateral

in

an

amount

specified

by

the

clearinghouse

and

the

clearing

firm

(margin

requirement),

and

the

margin

requirement

must

be

maintained

over

the

life

of

the

contract.

Each

clearinghouse

and

clearing

firm,

in

its

sole

discretion,

may

adjust

the

margin

requirements

applicable

to

the

fund.

Collateral may

be

in

the

form

of

cash

or

debt

securities

issued

by

the

U.S.

government

or

related

agencies.

Cash

posted

by

the

fund

is

reflected

as

cash

deposits

in

the

accompanying

financial

statements

and

generally

is

restricted

from

withdrawal

by

the

fund;

securities

posted

by

the

fund

are

so

noted

in

the

accompanying

Portfolio

of

Investments;

both

remain

in

the

fund’s

assets.

While

typically

not

sold

in

the

same

manner

as

equity

or

fixed

income

securities,

exchange-traded

or

centrally

cleared

derivatives

may

be

closed

out

only

on

the

exchange

or

clearinghouse

where

the

contracts

were

cleared.

This

ability

is

subject

to

the

liquidity

of

underlying

positions. As

of

April

30,

2024, cash

of

$460,000 and

securities

valued

at $239,000 had

been

posted

by

the

fund

for

exchange-traded

and/or

centrally

cleared

derivatives. 

Futures

Contracts

 The

fund

is

subject

to equity

price

risk in

the

normal

course

of

pursuing

its

investment

objectives

and

uses

futures

contracts

to

help

manage

such

risk.

The

fund

may

enter

into

futures

contracts

as

an

efficient

means

of

maintaining

liquidity

while

being

invested

in

the

market,

to

facilitate

trading,

or

to

reduce

transaction

costs. A

futures

contract

provides

for

the

future

sale

by

one

party

and

purchase

by

another

of

a

specified

amount

of

a

specific

underlying

financial

instrument

at

an

agreed-upon

price,

date,

time,

and

place.

The

fund

currently

invests

only

in

exchange-traded

futures,

which

generally

are

standardized

as

to

maturity

date,

underlying

financial

instrument,

($000s)                                               

Location

of

Gain

(Loss)

on

Statement

of

Operations

Futures

Change

in

Unrealized

Gain

(Loss)

Equity

derivatives

$

359‌

Total

$

359‌

T.

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47

and

other

contract

terms.

Payments

are

made

or

received

by

the

fund

each

day

to

settle

daily

fluctuations

in

the

value

of

the

contract

(variation

margin),

which

reflect

changes

in

the

value

of

the

underlying

financial

instrument.

Variation

margin

is

recorded

as

unrealized

gain

or

loss

until

the

contract

is

closed.

The

value

of

a

futures

contract

included

in

net

assets

is

the

amount

of

unsettled

variation

margin;

net

variation

margin

receivable

is

reflected

as

an

asset

and

net

variation

margin

payable

is

reflected

as

a

liability

on

the

accompanying

Statement

of

Assets

and

Liabilities.

When

a

contract

is

closed,

a

realized

gain

or

loss

is

recorded

on

the

accompanying

Statement

of

Operations.

Risks

related

to

the

use

of

futures

contracts

include

possible

illiquidity

of

the

futures

markets,

contract

prices

that

can

be

highly

volatile

and

imperfectly

correlated

to

movements

in

hedged

security

values,

and

potential

losses

in

excess

of

the

fund’s

initial

investment.

During

the

six

months ended

April

30,

2024,

the

volume

of

the

fund’s

activity

in

futures,

based

on

underlying

notional

amounts,

was

generally

between

1%

and

3%

of

net

assets.

NOTE

4

-

OTHER

INVESTMENT

TRANSACTIONS 

Consistent

with

its

investment

objective,

the

fund

engages

in

the

following

practices

to

manage

exposure

to

certain

risks

and/or

to

enhance

performance.

The

investment

objective,

policies,

program,

and

risk

factors

of

the

fund

are

described

more

fully

in

the

fund's

prospectus

and

Statement

of

Additional

Information.

Securities

Lending

 The fund

may

lend

its

securities

to

approved

borrowers

to

earn

additional

income.

Its

securities

lending

activities

are

administered

by

a

lending

agent

in

accordance

with

a

securities

lending

agreement.

Security

loans

generally

do

not

have

stated

maturity

dates,

and

the

fund

may

recall

a

security

at

any

time.

The

fund

receives

collateral

in

the

form

of

cash

or

U.S.

government

securities.

Collateral

is

maintained

over

the

life

of

the

loan

in

an

amount

not

less

than

the

value

of

loaned

securities;

any

additional

collateral

required

due

to

changes

in

security

values

is

delivered

to

the

fund

the

next

business

day.

Cash

collateral

is

invested

in

accordance

with

investment

guidelines

approved

by

fund

management.

Additionally,

the

lending

agent

indemnifies

the

fund

against

losses

resulting

from

borrower

default.

Although

risk

is

mitigated

by

the

collateral

and

indemnification,

the

fund

could

experience

a

delay

in

recovering

its

securities

and

a

possible

loss

of

income

or

value

if

the

borrower

fails

to

return

the

securities,

collateral

investments

decline

in

value,

and

the

lending

agent

fails

to

perform.

Securities

lending

revenue

consists

of

earnings

on

invested

collateral

and

borrowing

fees,

net

of

any

rebates

to

the

borrower,

compensation

T.

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48

to

the

lending

agent,

and

other

administrative

costs.

In

accordance

with

GAAP,

investments

made

with

cash

collateral

are

reflected

in

the

accompanying

financial

statements,

but

collateral

received

in

the

form

of

securities

is

not.

At

April

30,

2024,

the

value

of

loaned

securities

was

$24,603,000;

the

value

of

cash

collateral

and

related

investments

was

$32,052,000.

Other 

Purchases

and

sales

of

portfolio

securities

other

than

in-kind

transactions,

if

any,

and short-term securities

aggregated $92,889,000 and

$14,158,000,

respectively,

for

the

six

months ended

April

30,

2024.

NOTE

5

-

FEDERAL

INCOME

TAXES

Generally,

no

provision

for

federal

income

taxes

is

required

since

the

fund

intends

to continue

to

qualify

as

a

regulated

investment

company

under

Subchapter

M

of

the

Internal

Revenue

Code

and

distribute

to

shareholders

all

of

its taxable

income

and

gains.

Distributions

determined

in

accordance

with

federal

income

tax

regulations

may

differ

in

amount

or

character

from

net

investment

income

and

realized

gains

for

financial

reporting

purposes.

Financial

reporting

records

are

adjusted

for

permanent

book/tax

differences

to

reflect

tax

character

but

are

not

adjusted

for

temporary

differences.

The

amount

and

character

of

tax-basis

distributions

and

composition

of

net

assets

are

finalized

at

fiscal

year-end;

accordingly,

tax-basis

balances

have

not

been

determined

as

of

the

date

of

this

report. 

The

fund

intends

to

retain

realized

gains

to

the

extent

of

available

capital

loss

carryforwards.

Net

realized

capital

losses

may

be

carried

forward

indefinitely

to

offset

future

realized

capital

gains.

As

of

October

31,

2023,

the

fund

had

$38,096,000

of

available

capital

loss

carryforwards.

At

April

30,

2024,

the

cost

of

investments

(including

derivatives,

if

any)

for

federal

income

tax

purposes

was

$742,976,000.

Net

unrealized

gain

aggregated

$221,941,000

at

period-end,

of

which

$275,067,000

related

to

appreciated

investments

and

$53,126,000

related

to

depreciated

investments.

NOTE

6

-

FOREIGN  TAXES

The

fund

is

subject

to

foreign

income

taxes

imposed

by

certain

countries

in

which

it

invests.

Additionally,

capital

gains

realized

upon

disposition

of

securities

issued

in

or

by

certain

foreign

countries

are

subject

to

capital

gains

tax

imposed

by

those

countries.

All

taxes

are

computed

in

accordance

with

the

applicable

T.

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PRICE

International

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Index

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49

foreign

tax

law,

and,

to

the

extent

permitted,

capital

losses

are

used

to

offset

capital

gains.

Taxes

attributable

to

income

are

accrued

by

the

fund

as

a

reduction

of

income.

Current

and

deferred

tax

expense

attributable

to

capital

gains

is

reflected

as

a

component

of

realized

or

change

in

unrealized

gain/

loss

on

securities

in

the

accompanying

financial

statements.

To

the

extent

that

the

fund

has

country

specific

capital

loss

carryforwards,

such

carryforwards

are

applied

against

net

unrealized

gains

when

determining

the

deferred

tax

liability.

Any

deferred

tax

liability

incurred

by

the

fund

is

included

in

either

Other

liabilities

or

Deferred

tax

liability

on

the

accompanying

Statement

of

Assets

and

Liabilities.

NOTE

7

-

RELATED

PARTY

TRANSACTIONS

The

fund

is

managed

by

T.

Rowe

Price

Associates,

Inc.

(Price

Associates),

a

wholly

owned

subsidiary

of

T.

Rowe

Price

Group,

Inc.

(Price

Group). Price

Associates

has

entered

into

a

sub-advisory

agreement(s)

with

one

or

more

of

its

wholly

owned

subsidiaries,

to

provide

investment

advisory

services

to

the

fund. The

investment

management

agreement

between

the

fund

and

Price

Associates

provides

for

an

annual

investment

management

fee

equal

to 0.09%

of

the

fund’s

average

daily

net

assets.

The

fee

is

computed

daily

and

paid

monthly.

The Investor is

subject

to

a

contractual

expense

limitation

through

the

expense

limitation

date

indicated

in

the

table

below.

During

the

limitation

period,

Price

Associates

is required

to

waive

or

pay

any

expenses

(excluding

interest;

expenses

related

to

borrowings,

taxes,

and

brokerage;

non-recurring,

extraordinary

expenses;

and

acquired

fund

fees

and

expenses)

that

would

otherwise

cause

the

class’s

ratio

of

annualized

total

expenses

to

average

net

assets

(net

expense

ratio)

to

exceed

its

expense

limitation.

The

class

is

required

to

repay

Price

Associates

for

expenses

previously

waived/paid

to

the

extent

the

class’s

net

assets

grow

or

expenses

decline

sufficiently

to

allow

repayment

without

causing

the

class’s

net

expense

ratio

(after

the

repayment

is

taken

into

account)

to

exceed

the

lesser

of:

(1)

the

expense

limitation

in

place

at

the

time

such

amounts

were

waived;

or

(2)

the

class’s

current

expense

limitation.

However,

no

repayment

will

be

made

more

than

three

years

after

the

date

of

a

payment

or

waiver.

The

Z

Class

is

also

subject

to

a

contractual

expense

limitation

agreement

whereby

Price

Associates

has

agreed

to

waive

and/or

bear

all

of

the

Z

Class’

expenses

(excluding

interest;

expenses

related

to

borrowings,

taxes,

and

T.

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PRICE

International

Equity

Index

Fund

50

brokerage;

non-recurring,

extraordinary

expenses;

and

acquired

fund

fees

and

expenses)

in

their

entirety.

This

fee

waiver

and/or

expense

reimbursement

arrangement

is

expected

to

remain

in

place

indefinitely,

and

the

agreement

may

only

be

amended

or

terminated

with

approval

by

the

fund’s

Board.

Expenses

of

the

fund

waived/paid

by

the

manager

are

not

subject

to

later

repayment

by

the

fund.

In

addition,

the

fund

is

subject

to

a

permanent

contractual

expense

limitation,

pursuant

to

which

Price

Associates

is

required

to

waive or

pay

any

expenses

(excluding

interest;

expenses

related

to

borrowings,

taxes,

and

brokerage;

non-

recurring,

extraordinary

expenses;

and

acquired

fund

fees

and

expenses)

that

would

otherwise

cause

the

class’s

ratio

of

annualized

total

expenses

to

average

net

assets

(net

expense

ratio)

to

exceed

0.45%.

The

agreement

may

only

be

terminated

with

approval

by

the

fund’s

shareholders.

Each

class

is

required

to

repay

Price

Associates

for

expenses

previously

waived/paid

to

the

extent

the

class’s

net

assets

grow

or

expenses

decline

sufficiently

to

allow

repayment

without

causing

the

class’s

net

expense

ratio

(after

the

repayment

is

taken

into

account)

to

exceed

the

lesser

of:

(1)

the

expense

limitation

in

place

at

the

time

such

amounts

were

waived;

or

(2)

the

class’s

current

expense

limitation.

However,

no

repayment

will

be

made

more

than

three

years

after

the

date

of

a

payment

or

waiver.

No

management

fees

were

waived

or

any

expenses

paid

under

this arrangement

during

the six

months

ended April

30,

2024.

Pursuant

to

this

agreement,

expenses

were waived/paid

by

and/or

repaid

to

Price

Associates

during

the six

months

ended April

30,

2024 as

indicated

in

the

table

below.

At

April

30,

2024,

there

were

no

amounts

subject

to

repayment

by

the

fund.

Any

repayment

of

expenses

previously

waived/paid

by

Price

Associates

during

the

period

would

be

included

in

the

net

investment

income

and

expense

ratios

presented

on

the

accompanying

Financial

Highlights.

In

addition,

the

fund

has

entered

into

service

agreements

with

Price

Associates

and

two

wholly

owned

subsidiaries

of

Price

Associates,

each

an

affiliate

of

the

fund

(collectively,

Price).

Price

Associates

provides

certain

accounting

and

administrative

services

to

the

fund.

T.

Rowe

Price

Services,

Inc.

provides

shareholder

and

administrative

services

in

its

capacity

as

the

fund’s

transfer

Investor

Class

Z

Class

Expense

limitation/I

Class

Limit

0.31%

0.00%

Expense

limitation

date

02/28/26

N/A

(Waived)/repaid

during

the

period

($000s)

$—

$(114)

T.

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International

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and

dividend-disbursing

agent.

T.

Rowe

Price

Retirement

Plan

Services,

Inc.

provides

subaccounting

and

recordkeeping

services

for

certain

retirement

accounts

invested

in

the

Investor

Class.

For

the

six

months

ended

April

30,

2024,

expenses

incurred

pursuant

to

these

service

agreements

were

$55,000

for

Price

Associates;

$204,000

for

T.

Rowe

Price

Services,

Inc.;

and

$57,000

for

T.

Rowe

Price

Retirement

Plan

Services,

Inc.

All

amounts

due

to

and

due

from

Price,

exclusive

of

investment

management

fees

payable,

are

presented

net

on

the

accompanying

Statement

of

Assets

and

Liabilities.

T.

Rowe

Price

Investment

Services,

Inc.

(Investment

Services)

serves

as

distributor

to

the

fund.

Pursuant

to

an

underwriting

agreement,

no

compensation

for

any

distribution

services

provided

is

paid

to

Investment

Services

by

the

fund

(except

for

12b-1

fees

under

a

Board-approved

Rule

12b-1

plan).

Additionally,

the

fund

is

one

of

several

mutual

funds

in

which

certain

college

savings

plans

managed

by

Price

Associates invests.

As

approved

by

the

fund’s

Board

of

Directors,

shareholder

servicing

costs

associated

with

each

college

savings

plan

are

borne

by

the

fund

in

proportion

to

the

average

daily

value

of

its

shares

owned

by

the

college

savings

plan.

Price

has

agreed

to waive/reimburse

shareholder

servicing

costs in

excess

of

0.05%

of

the

fund’s

average

daily

value

of

its

shares

owned

by

the

college

savings

plan.

Any

amounts

waived/

paid

by

Price

under

this

voluntary

agreement

are

not

subject

to

repayment

by

the

fund.

Price

may

amend

or

terminate

this

voluntary

arrangement

at

any

time

without

prior

notice.

For

the

six

months ended

April

30,

2024,

the

fund

was

charged $33,000 for

shareholder

servicing

costs

related

to

the

college

savings

plans, of

which

$25,000

was

for

services

provided

by

Price.

All

amounts

due

to

and

due

from

Price,

exclusive

of

investment

management

fees

payable,

are

presented

net

on

the

accompanying

Statement

of

Assets

and

Liabilities. At

April

30,

2024,

approximately

18%

of

the

outstanding

shares

of

the

Investor

Class

were

held

by

college

savings

plans.

Mutual

funds,

trusts,

and

other

accounts

managed

by

Price

Associates

or

its

affiliates

(collectively,

Price

Funds

and

accounts)

may

invest

in

the

fund.

No

Price

fund

or

account

may

invest

for

the

purpose

of

exercising

management

or

control

over

the

fund.

At

April

30,

2024, 100%

of

the

Z

Class's

outstanding

shares

were

held

by

Price

Funds

and

accounts.

The fund

may

invest

its

cash

reserves

in

certain

open-end

management

investment

companies

managed

by

Price

Associates

and

considered

affiliates

of

the

fund:

the

T.

Rowe

Price

Government

Reserve

Fund

or

the

T.

Rowe

Price

Treasury

Reserve

Fund,

organized

as

money

market

funds

(together,

the

Price

Reserve

Funds).

The

Price

Reserve

Funds

are

offered

as

short-term

investment

T.

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PRICE

International

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Index

Fund

52

options

to

mutual

funds,

trusts,

and

other

accounts

managed

by

Price

Associates

or

its

affiliates

and

are

not

available

for

direct

purchase

by

members

of

the

public.

Cash

collateral

from

securities

lending,

if

any,

is

invested

in

the

T.

Rowe

Price

Government

Reserve Fund. The

Price

Reserve

Funds

pay

no

investment

management

fees.

The

fund may

participate

in

securities

purchase

and

sale

transactions

with

other

funds

or

accounts

advised

by

Price

Associates

(cross

trades),

in

accordance

with

procedures

adopted

by the

fund’s

Board

and

Securities

and

Exchange

Commission

rules,

which

require,

among

other

things,

that

such

purchase

and

sale

cross

trades

be

effected

at

the

independent

current

market

price

of

the

security.

During

the

six

months

ended

April

30,

2024,

the

fund

had

no

purchases

or

sales

cross

trades

with

other

funds

or

accounts

advised

by

Price

Associates.

NOTE

8

-

OTHER

MATTERS

Unpredictable environmental,

political,

social

and

economic

events,

including

but

not

limited

to,

environmental

or

natural

disasters,

war

and

conflict

(including

Russia’s

military

invasion

of

Ukraine

and

the

conflict

in

Israel,

Gaza

and

surrounding

areas),

terrorism,

geopolitical

developments

(including

trading

and

tariff

arrangements,

sanctions

and

cybersecurity

attacks),

and

public

health

epidemics

(including

the

global

outbreak

of

COVID-19)

and

similar

public

health

threats,

may

significantly

affect

the

economy

and

the

markets

and

issuers

in

which

a

fund

invests.

The

extent

and

duration

of

such

events

and

resulting

market

disruptions

cannot

be

predicted.

These

and

other

similar

events

may

cause

instability

across

global

markets,

including

reduced

liquidity

and

disruptions

in

trading

markets,

while

some

events

may

affect

certain

geographic

regions,

countries,

sectors,

and

industries

more

significantly

than

others,

and

exacerbate

other

pre-existing

political,

social,

and

economic

risks.

The

fund’s

performance

could

be

negatively

impacted

if

the

value

of

a

portfolio

holding

were

harmed

by

these

or

such

events.

Management

actively

monitors

the

risks

and

financial

impacts

arising

from

such

events.

T.

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International

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Fund

53

INFORMATION

ON

PROXY

VOTING

POLICIES,

PROCEDURES,

AND

RECORDS

A

description

of

the

policies

and

procedures

used

by

T.

Rowe

Price

funds

to

determine

how

to

vote

proxies

relating

to

portfolio

securities

is

available

in

each

fund’s

Statement

of

Additional

Information.

You

may

request

this

document

by

calling

1-800-225-5132

or

by

accessing

the

SEC’s

website,

sec.gov.

The

description

of

our

proxy

voting

policies

and

procedures

is

also

available

on

our

corporate

website.

To

access

it,

please

visit

the

following

Web

page:

https://www.troweprice.com/corporate/us/en/utility/policies.html

Scroll

down

to

the

section

near

the

bottom

of

the

page

that

says,

“Proxy

Voting

Guidelines.”

Click

on

the

links

in

the

shaded

box.

Each

fund’s

most

recent

annual

proxy

voting

record

is

available

on

our

website

and

through

the

SEC’s

website.

To

access

it

through

T.

Rowe

Price,

visit

the

website

location

shown

above,

and

scroll

down

to

the

section

near

the

bottom

of

the

page

that

says,

“Proxy

Voting

Records.”

Click

on

the

Proxy

Voting

Records

link

in

the

shaded

box.

HOW

TO

OBTAIN

QUARTERLY

PORTFOLIO

HOLDINGS

The

fund

files

a

complete

schedule

of

portfolio

holdings

with

the

Securities

and

Exchange

Commission

(SEC)

for

the

first

and

third

quarters

of

each

fiscal

year

as

an

exhibit

to

its

reports

on

Form

N-PORT.

The

fund’s

reports

on

Form

N-PORT

are

available

electronically

on

the

SEC’s

website

(sec.gov).

In

addition,

most

T.

Rowe

Price

funds

disclose

their

first

and

third

fiscal

quarter-end

holdings

on

troweprice.

com

.

TAILORED

SHAREHOLDER

REPORTS

FOR

MUTUAL

FUNDS

AND

EXCHANGE

TRADED

FUNDS

In

October

2022,

the

Securities

and

Exchange

Commission

(SEC)

adopted

rule

and

form

amendments

requiring

Mutual

Funds

and

Exchange-Traded

Funds

to

transmit

concise

and

visually

engaging

streamlined

annual

and

semiannual

reports

that

highlight

key

information

to

shareholders.

Other

information,

including

financial

statements,

will

no

longer

appear

in

the

funds’

shareholder

reports

but

will

be

available

online,

delivered

free

of

charge

upon

request,

and

filed

on

a

semiannual

basis

on

Form

N-CSR.

The

rule

and

form

amendments

have

a

compliance

date

of

July

24,

2024.

T.

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PRICE

International

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54

APPROVAL

OF

INVESTMENT

MANAGEMENT

AGREEMENT

AND

SUBADVISORY

AGREEMENT

Each

year,

the

fund’s

Board

of

Directors

(Board)

considers

the

continuation

of

the

investment

management

agreement

(Advisory

Contract)

between

the

fund

and

its

investment

adviser,

T.

Rowe

Price

Associates,

Inc.

(Adviser),

as

well

as

the

investment

subadvisory

agreement

(Subadvisory

Contract)

that

the

Adviser

has

entered

into

with

T.

Rowe

Price

International

Ltd

(Subadviser)

on

behalf

of

the

fund.

In

that

regard,

at

a

meeting

held

on

March

11–12,

2024

(Meeting),

the

Board,

including

all

of

the

fund’s

independent

directors

present

in

person

at

the

Meeting,

approved

the

continuation

of

the

fund’s

Advisory

Contract

and

Subadvisory

Contract.

At

the

Meeting,

the

Board

considered

the

factors

and

reached

the

conclusions

described

below

relating

to

the

selection

of

the

Adviser

and

Subadviser

and

the

approval

of

the

Advisory

Contract

and

Subadvisory

Contract.

The

independent

directors

were

assisted

in

their

evaluation

of

the

Advisory

Contract

and

Subadvisory

Contract

by

independent

legal

counsel

from

whom

they

received

separate

legal

advice

and

with

whom

they

met

separately.

In

providing

information

to

the

Board,

the

Adviser

was

guided

by

a

detailed

set

of

requests

for

information

submitted

by

independent

legal

counsel

on

behalf

of

the

independent

directors.

In

considering

and

approving

the

continuation

of

the

Advisory

Contract

and

Subadvisory

Contract,

the

Board

considered

the

information

it

believed

was

relevant,

including,

but

not

limited

to,

the

information

discussed

below.

The

Board

considered

not

only

the

specific

information

presented

in

connection

with

the

Meeting,

but

also

the

knowledge

gained

over

time

through

interaction

with

the

Adviser

and

Subadviser

about

various

topics.

The

Board

meets

regularly

and,

at

each

of

its

meetings,

covers

an

extensive

agenda

of

topics

and

materials

and

considers

factors

that

are

relevant

to

its

annual

consideration

of

the

renewal

of

the

T.

Rowe

Price

funds’

advisory

contracts,

including

performance

and

the

services

and

support

provided

to

the

funds

and

their

shareholders.

Services

Provided

by

the

Adviser

and

Subadviser

The

Board

considered

the

nature,

quality,

and

extent

of

the

services

provided

to

the

fund

by

the

Adviser

and

Subadviser.

These

services

included,

but

were

not

limited

to,

directing

the

fund’s

investments

in

accordance

with

its

investment

program

and

the

overall

management

of

the

fund’s

portfolio,

as

well

as

a

variety

of

related

activities

such

as

financial,

investment

operations,

and

administrative

services;

compliance;

maintaining

the

fund’s

records

and

registrations;

and

shareholder

communications.

The

Board

also

reviewed

the

background

and

experience

of

the

Adviser’s

and

Subadviser’s

senior

management

teams

and

investment

personnel

involved

in

the

management

of

the

fund,

as

well

as

the

Adviser’s

compliance

record.

The

Board

concluded

that

the

information

it

considered

with

respect

to

the

nature,

quality,

and

extent

of

the

services

provided

by

the

Adviser

and

Subadviser,

as

well

as

the

other

factors

considered

at

the

Meeting,

supported

the

Board’s

approval

of

the

continuation

of

the

Advisory

Contract

and

Subadvisory

Contract.

T.

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International

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Index

Fund

55

Investment

Performance

of

the

Fund

The

Board

took

into

account

discussions

with

the

Adviser

and

detailed

reports

that

it

regularly

receives

throughout

the

year

on

relative

and

absolute

performance

for

the

T.

Rowe

Price

funds.

In

connection

with

the

Meeting,

the

Board

reviewed

information

provided

by

the

Adviser

that

compared

the

fund’s

total

returns,

as

well

as

a

wide

variety

of

other

previously

agreed-upon

performance

measures

and

market

data,

against

relevant

benchmark

indexes

and

peer

groups

of

funds

with

similar

investment

programs

for

various

periods

through

December

31,

2023.

Additionally,

the

Board

reviewed

the

fund’s

relative

performance

information

as

of

September

30,

2023,

which

ranked

the

returns

of

the

fund’s

Investor

Class

for

various

periods

against

a

universe

of

funds

with

similar

investment

programs

selected

by

Broadridge,

an

independent

provider

of

mutual

fund

data.

In

the

course

of

its

deliberations,

the

Board

considered

performance

information

provided

throughout

the

year

and

in

connection

with

the

Advisory

Contract

review

at

the

Meeting,

as

well

as

information

provided

during

investment

review

meetings

conducted

with

portfolio

managers

and

senior

investment

personnel

during

the

course

of

the

year

regarding

the

fund’s

performance.

The

Board

also

considered

relevant

factors,

such

as

overall

market

conditions

and

trends

that

could

adversely

impact

the

fund’s

performance,

the

length

of

the

fund’s

performance

track

record,

and

how

closely

the

fund’s

strategies

align

with

its

benchmarks

and

peer

groups.

The

Board

concluded

that

the

information

it

considered

with

respect

to

the

fund’s

performance,

as

well

as

the

other

factors

considered

at

the

Meeting,

supported

the

Board’s

approval

of

the

continuation

of

the

Advisory

Contract

and

Subadvisory

Contract.

Costs,

Benefits,

Profits,

and

Economies

of

Scale

The

Board

reviewed

detailed

information

regarding

the

revenues

received

by

the

Adviser

under

the

Advisory

Contract

and

other

direct

and

indirect

benefits

that

the

Adviser

(and

its

affiliates,

including

the

Subadviser)

may

have

realized

from

its

relationship

with

the

fund.

In

considering

soft-dollar

arrangements

pursuant

to

which

research

may

be

received

from

broker-dealers

that

execute

the

fund’s

portfolio

transactions,

the

Board

noted

that

during

2023

the

Adviser

paid

the

costs

of

research

services

for

all

client

accounts

that

it

advises,

including

the

T.

Rowe

Price

funds.

However,

effective

January

1,

2024,

the

Adviser

will

begin

using

brokerage

commissions

in

connection

with

certain

T.

Rowe

Price

funds’

securities

transactions

to

pay

for

research

when

permissible.

APPROVAL

OF

INVESTMENT

MANAGEMENT

AGREEMENT

AND

SUBADVISORY

AGREEMENT

(continued)

T.

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International

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56

The

Board

received

information

on

the

estimated

costs

incurred

and

profits

realized

by

the

Adviser

from

managing

the

T.

Rowe

Price

funds.

The

Board

also

reviewed

estimates

of

the

profits

realized

from

managing

the

fund

in

particular,

and

the

Board

concluded

that

the

Adviser’s

profits

were

reasonable

in

light

of

the

services

provided

to

the

fund.

The

Board

also

considered

whether

the

fund

benefits

under

the

fee

levels

set

forth

in

the

Advisory

Contract

or

otherwise

from

any

economies

of

scale

realized

by

the

Adviser.

Under

the

Advisory

Contract,

the

fund

pays

a

fee

to

the

Adviser

for

investment

management

services

based

on

the

fund’s

average

daily

net

assets

and

the

fund

pays

its

own

expenses

of

operations.

Under

the

Subadvisory

Contract,

the

Adviser

may

pay

the

Subadviser

up

to

60%

of

the

advisory

fees

that

the

Adviser

receives

from

the

fund.

The

fund’s

shareholders

benefit

from

potential

economies

of

scale

through

a

decline

in

certain

operating

expenses

as

the

fund

grows

in

size.

However,

the

fund

is

also

subject

to

contractual

expense

limitations

that

require

the

Adviser

to

waive

its

fees

and/or

bear

any

expenses

that

would

otherwise

cause

the

fund’s

expenses

to

exceed

a

certain

percentage

based

on

the

fund’s

net

assets.

The

expense

limitation

mitigates

the

potential

for

an

increase

in

total

operating

expenses

above

a

certain

level

that

could

impact

shareholders.

The

fund

also

offers

a

Z

Class,

which

serves

as

an

underlying

investment

within

certain

T.

Rowe

Price

fund

of

funds

arrangements.

The

Adviser

waives

its

advisory

fee

on

the

Z

Class

and

waives

or

bears

the

Z

Class’s

other

operating

expenses,

with

certain

exceptions.

The

Board

considered

whether

the

advisory

fee

and

operating

expense

waivers

on

the

Z

Class

may

present

a

means

for

cross-

subsidization

of

the

Z

Class

by

other

share

classes

of

the

fund.

In

that

regard,

the

Board

noted

that

the

Z

Class

operating

expenses

are

largely

covered

by

the

all-inclusive

fees

charged

by

the

investing

T.

Rowe

Price

fund

of

funds

and

that

any

Z

Class

operating

expenses

not

covered

by

the

investing

T.

Rowe

Price

fund

of

funds’

fees

are

paid

by

the

Adviser

and

not

by

shareholders

of

any

other

share

class

of

the

fund.

In

addition,

the

Board

noted

that

the

fund

potentially

shares

in

indirect

economies

of

scale

through

the

Adviser’s

and

Subadviser’s

ongoing

investments

in

their

business

in

support

of

the

T.

Rowe

Price

funds,

including

investments

in

trading

systems,

technology,

and

regulatory

support

enhancements,

and

the

ability

to

possibly

negotiate

lower

fee

arrangements

with

third-party

service

providers.

The

Board

concluded

that

the

advisory

fee

structure

for

the

fund

provides

for

a

reasonable

sharing

of

benefits

from

any

economies

of

scale

with

the

fund’s

investors.

APPROVAL

OF

INVESTMENT

MANAGEMENT

AGREEMENT

AND

SUBADVISORY

AGREEMENT

(continued)

T.

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International

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Fund

57

Fees

and

Expenses

The

Board

was

provided

with

information

regarding

industry

trends

in

management

fees

and

expenses.

Among

other

things,

the

Board

reviewed

data

for

peer

groups

that

were

compiled

by

Broadridge,

which

compared:

(i)

contractual

management

fees,

actual

management

fees,

nonmanagement

expenses,

and

total

expenses

of

the

Investor

Class

of

the

fund

with

a

group

of

competitor

funds

selected

by

Broadridge

(Expense

Group)

and

(ii)

actual

management

fees,

nonmanagement

expenses,

and

total

expenses

of

the

Investor

Class

of

the

fund

with

a

broader

set

of

funds

within

the

Lipper

investment

classification

(Expense

Universe).

The

Board

considered

the

fund’s

contractual

management

fee

rate,

actual

management

fee

rate

(which

reflects

the

management

fees

actually

received

from

the

fund

by

the

Adviser

after

any

applicable

waivers,

reductions,

or

reimbursements),

operating

expenses,

and

total

expenses

(which

reflect

the

net

total

expense

ratio

of

the

fund

after

any

waivers,

reductions,

or

reimbursements)

in

comparison

with

the

information

for

the

Broadridge

peer

groups.

Broadridge

generally

constructed

the

peer

groups

by

seeking

the

most

comparable

funds

based

on

similar

investment

classifications

and

objectives,

expense

structure,

asset

size,

and

operating

components

and

attributes

and

ranked

funds

into

quintiles,

with

the

first

quintile

representing

the

funds

with

the

lowest

relative

expenses

and

the

fifth

quintile

representing

the

funds

with

the

highest

relative

expenses.

The

information

provided

to

the

Board

indicated

that

the

fund’s

contractual

management

fee

ranked

in

the

first

quintile

(Expense

Group),

the

fund’s

actual

management

fee

rate

ranked

in

the

first

quintile

(Expense

Group)

and

third

quintile

(Expense

Universe),

and

the

fund’s

total

expenses

ranked

in

the

second

quintile

(Expense

Group)

and

fourth

quintile

(Expense

Universe).

The

Board

also

reviewed

the

fee

schedules

for

other

investment

portfolios

with

similar

mandates

that

are

advised

or

subadvised

by

the

Adviser

and

its

affiliates,

including

separately

managed

accounts

for

institutional

and

individual

investors;

subadvised

funds;

and

other

sponsored

investment

portfolios,

including

collective

investment

trusts

and

pooled

vehicles

organized

and

offered

to

investors

outside

the

United

States.

Management

provided

the

Board

with

information

about

the

Adviser’s

responsibilities

and

services

provided

to

subadvisory

and

other

institutional

account

clients,

including

information

about

how

the

requirements

and

economics

of

the

institutional

business

are

fundamentally

different

from

those

of

the

proprietary

mutual

fund

business.

The

Board

considered

information

showing

that

the

Adviser’s

mutual

fund

business

is

generally

more

complex

from

a

business

and

compliance

perspective

than

its

institutional

account

business

and

considered

various

relevant

factors,

such

as

the

broader

scope

of

operations

and

oversight,

more

extensive

shareholder

communication

infrastructure,

greater

asset

flows,

heightened

business

risks,

and

differences

in

applicable

laws

and

regulations

associated

with

the

Adviser’s

proprietary

mutual

fund

business.

In

assessing

the

APPROVAL

OF

INVESTMENT

MANAGEMENT

AGREEMENT

AND

SUBADVISORY

AGREEMENT

(continued)

T.

ROWE

PRICE

International

Equity

Index

Fund

58

reasonableness

of

the

fund’s

management

fee

rate,

the

Board

considered

the

differences

in

the

nature

of

the

services

required

for

the

Adviser

to

manage

its

mutual

fund

business

versus

managing

a

discrete

pool

of

assets

as

a

subadviser

to

another

institution’s

mutual

fund

or

for

an

institutional

account

and

that

the

Adviser

generally

performs

significant

additional

services

and

assumes

greater

risk

in

managing

the

fund

and

other

T.

Rowe

Price

funds

than

it

does

for

institutional

account

clients,

including

subadvised

funds.

On

the

basis

of

the

information

provided

and

the

factors

considered,

the

Board

concluded

that

the

fees

paid

by

the

fund

under

the

Advisory

Contract

are

reasonable.

Approval

of

the

Advisory

Contract

and

Subadvisory

Contract

As

noted,

the

Board

approved

the

continuation

of

the

Advisory

Contract

and

Subadvisory

Contract.

No

single

factor

was

considered

in

isolation

or

to

be

determinative

to

the

decision.

Rather,

the

Board

concluded,

in

light

of

a

weighting

and

balancing

of

all

factors

considered,

that

it

was

in

the

best

interests

of

the

fund

and

its

shareholders

for

the

Board

to

approve

the

continuation

of

the

Advisory

Contract

and

Subadvisory

Contract

(including

the

fees

to

be

charged

for

services

thereunder).

APPROVAL

OF

INVESTMENT

MANAGEMENT

AGREEMENT

AND

SUBADVISORY

AGREEMENT

(continued)

100

East

Pratt

Street

Baltimore,

MD

21202

T.

Rowe

Price

Investment

Services,

Inc.

Call

1-800-225-5132

to

request

a

prospectus

or

summary

prospectus;

each

includes

investment

objectives,

risks,

fees,

expenses,

and

other

information

that

you

should

read

and

consider

carefully

before

investing.

F135-051

6/24

Item 1. (b) Notice pursuant to Rule 30e-3.

Not applicable.

Item 2. Code of Ethics.

A code of ethics, as defined in Item 2 of Form N-CSR, applicable to its principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions is filed as an exhibit to the registrant’s annual Form N-CSR. No substantive amendments were approved or waivers were granted to this code of ethics during the registrant’s most recent fiscal half-year.

Item 3. Audit Committee Financial Expert.

Disclosure required in registrant’s annual Form N-CSR.

Item 4. Principal Accountant Fees and Services.

Disclosure required in registrant’s annual Form N-CSR.

Item 5. Audit Committee of Listed Registrants.

Not applicable.

Item 6. Investments.

(a) Not applicable. The complete schedule of investments is included in Item 1 of this Form N-CSR.

(b) Not applicable.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders.

There has been no change to the procedures by which shareholders may recommend nominees to the registrant’s board of directors.

Item 11. Controls and Procedures.

(a)  The registrant’s principal executive officer and principal financial officer have evaluated the registrant’s disclosure controls and procedures within 90 days of this filing and have concluded that the registrant’s disclosure controls and procedures were effective, as of that date, in ensuring that information required to be disclosed by the registrant in this Form N-CSR was recorded, processed, summarized, and reported timely.

(b)  The registrant’s principal executive officer and principal financial officer are aware of no change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Not applicable.

Item 13. Exhibits.

(a)(1)	The registrant’s code of ethics pursuant to Item 2 of Form N-CSR is filed with the registrant’s annual Form N-CSR.
(2)	Separate certifications by the registrant’s principal executive officer and principal financial officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 and required by Rule 30a-2(a) under the Investment Company Act of 1940, are attached.
(3)	Written solicitation to repurchase securities issued by closed-end companies: not applicable.
(b)	A certification by the registrant’s principal executive officer and principal financial officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and required by Rule 30a-2(b) under the Investment Company Act of 1940, is attached.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

T. Rowe Price International Index Fund, Inc.
By	/s/ David Oestreicher
	David Oestreicher
	Principal Executive Officer
Date	June 17, 2024

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By	/s/ David Oestreicher
	David Oestreicher
	Principal Executive Officer
Date	June 17, 2024

By	/s/ Alan S. Dupski
	Alan S. Dupski
	Principal Financial Officer
Date	June 17, 2024