FUND
ACCOUNTING AGREEMENT
THIS FUND ACCOUNTING AGREEMENT (this “Agreement”)
is effective as of August 1, 2015 (the “Effective Date”), by and between each investment
company listed on Exhibit A attached hereto (each, a “Company”), on behalf of itself or,
where noted on Exhibit A, on behalf of its Series (as defined below), severally and not jointly (each
Company and/or Series a “Fund”, and collectively the “Funds”), T. Rowe Price
Associates, Inc., solely with respect to Section 3(c) (“TRP”), and The Bank of New York Mellon,
a New York banking organization (“BNY Mellon”).
W I T N E S S E T H :
WHEREAS,
each Company is an investment company registered under the Investment Company Act of 1940, as amended;
and
WHEREAS, each Company, where noted in Exhibit A, desires to
retain BNY Mellon to provide for the portfolios identified on Exhibit A hereto (each, a “Series”)
the services described in this Agreement, in Schedule I and in any Service Level Descriptions (“SLDs”)
attached hereto, and BNY Mellon is willing to provide such services, all as more fully set forth below;
NOW, THEREFORE, in consideration of the mutual promises and
agreements contained herein, the parties, intending to be legally bound, hereby agree as follows:
1. Definitions.
Whenever used in this Agreement, unless the context otherwise
requires, the following words shall have the meanings set forth below. All other defined terms have
the meanings ascribed to them in other provisions of this Agreement.
“1933 Act”
means the Securities Act of 1933, as amended from time to time (together with its corresponding rules,
regulations and any applicable guidance and/or interpretations of the SEC (as defined below) or its staff
promulgated thereunder).
“1934 Act”
means the Securities Exchange Act of 1934, as amended from time to time (together with its corresponding
rules, regulations and any applicable guidance and/or interpretations of the SEC (as defined below) or
its staff promulgated thereunder).
“1940 Act” means the Investment Company Act
of 1940, as amended from time to time (together with its corresponding rules, regulations and any applicable
guidance and/or interpretations of the SEC (as defined below) or its staff promulgated thereunder).
“Authorized Person” means each employee
of the Investment Adviser, whether or not an officer or an employee of a Fund, who is duly authorized
by the Board to execute this Agreement and to give Instructions on behalf of such Fund as set forth in
Exhibit B hereto, as may be updated from time to time, at the direction of the Fund or the Investment
Adviser and each Authorized Person’s scope of authority may be limited by setting forth such limitation
in a written document signed by BNY Mellon and the applicable Fund. From time to time each Fund may
deliver a new Exhibit B to add or delete any person and BNY Mellon shall be entitled to rely on the last
Exhibit B actually received by BNY Mellon.
“BNY Mellon Affiliate”
means any office, branch or subsidiary of The Bank of New York Mellon Corporation.
“Board”
means a Fund’s board of directors or board of trustees.
“Contract Year”
means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the
first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing
on the anniversary of the Effective Date.
“Documents”
means such documents, including but not limited to, Board resolutions, including resolutions of the Fund’s
Board authorizing the execution, delivery and performance of this Agreement by the Fund, as BNY Mellon
may reasonably request from time to time, in connection with its provision of services under this Agreement.
“Fund Affiliate” shall include any person or entity
that would be defined as an affiliated person under the 1940 Act.
“Instructions”
means Oral Instructions or written communications actually received by BNY Mellon by S.W.I.F.T., tested
telex, letter, facsimile transmission, electronic transmission (“email”) or other method
or system specified in Schedule I or the SLDs attached hereto or otherwise mutually agreed to in writing
by BNY Mellon and the Fund as available for use in connection with the services hereunder, from an Authorized
Person or person believed in good faith and without involving BNY Mellon Misconduct (as defined herein)
to be an Authorized Person. If BNY Mellon receives written Instructions that appear to have been transmitted
by an
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Authorized Person (e.g., they appear to have been sent from the Authorized Person’s
work email/domain name) via (i) email or other electronic method that is not secure, or (ii) secure electronic
transmission containing applicable authorization codes, passwords or authentication keys, the Fund understands
and agrees that BNY Mellon shall be entitled to presume that such written Instructions have been sent
by such Authorized Person. The Fund agrees that if Oral Instructions are received by BNY Mellon and
contrary written Instructions are subsequently received by BNY Mellon, BNY Mellon shall promptly notify
an Authorized Person to resolve the discrepancy between the written Instructions and the Oral Instructions;
provided, however, if BNY Mellon takes any actions or commences any transactions based on the Oral Instructions
prior to the receipt of contrary written Instructions, such receipt of contrary written Instructions
shall in no way affect the validity or enforceability of transactions authorized by such Oral Instructions
and effected by BNY Mellon in accordance with such Oral Instructions.
“Investment
Adviser” means the entity identified by a Fund to BNY Mellon as the entity that
has been retained by the Fund to provide investment advisory service to the Fund on a discretionary basis.
“Middle Office Services Agreement” means the agreement
between BNY Mellon and TRP covering middle offices services and obligations during the transition period
and end-state operations, as may be amended from time-to-time.
“NAV
Error”
means an error in the computation of the net asset value for a Fund or class as more fully described
in the NAV Error Policy.
“NAV Error Policy”
means the TRP Net Asset Value Error Policy as attached hereto as Schedule II.
“Net
Asset Value” means the per share value of a Fund, or in the case of a Fund with multiple
classes of shares, the per share value of a class, calculated in the manner described in the Funds’
Offering Materials.
“Offering Materials” means a Fund’s
currently effective prospectus and most recently filed registration statement with the SEC relating to
shares of the Fund.
“Oral Instructions” means oral instructions
received by BNY Mellon from an Authorized Person.
“Organizational Documents”
means certified copies of a Fund’s articles of incorporation,
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certificate of incorporation, Offering Materials, all SEC exemptive orders issued
to a Fund or upon which a Fund relies, or similar documents, as applicable, delivered on behalf of a
Fund by an Authorized Person to and received by BNY Mellon.
“SEC” means the United
States Securities and Exchange Commission.
“Securities Laws”
means the 1933 Act, the 1934 Act and the 1940 Act.
“Shares”
means the shares of beneficial interest or of common stock of any series or class of a Fund.
“Specified Cause Event” shall have the
meaning set forth in the SLDs.
“Specified Convenience
Event”
shall have the meaning set forth in the SLDs.
2. Appointment.
Each
Company hereby appoints BNY Mellon as its agent for the term of this Agreement to perform (i) the services
described in this Agreement and in Schedule I attached hereto and in any SLDs, and (ii) the services
that are an inherent part of or required for the proper performance and provision of the services described
in this Agreement and in Schedule I, including any SLDs attached hereto. BNY Mellon hereby accepts such
appointment and agrees to perform the duties hereinafter set forth.
3. Representations and Warranties.
(a)
Each Fund hereby represents and warrants to BNY Mellon, which representations and warranties shall be
deemed to be continuing, that:
(i) It is duly organized
and existing under the laws of the jurisdiction of its organization, with full power to carry on its
business as now conducted, to enter into this Agreement and to perform its obligations hereunder;
(ii) This Agreement has been duly authorized,
executed and delivered by such Company, on behalf of itself or its Series, as applicable in accordance
with all requisite action of the Board and constitutes a valid and legally binding obligation of such
Company or Series, as applicable, enforceable in accordance with its terms;
(iii) It is conducting its business in material compliance with all applicable
laws, regulations, rules, decrees, orders and codes, whether global, state and federal, provincial
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or local (collectively, “Laws”) has made and will
continue to make all necessary filings including tax filings and has obtained all regulatory licenses,
approvals and consents necessary to carry on its business as now conducted; there is no statute, regulation,
rule, order or judgment binding on it and no provision of its Organizational Documents, nor of any mortgage,
indenture, credit agreement or other contract binding on it or affecting its property which would prohibit
its execution or performance of this Agreement;
(iv)
The method of valuation of securities and the method of computing the Net Asset Value shall be as set
forth in the Offering Materials of the Fund or as otherwise provided by the Investment Adviser. To the
extent the performance of any services related to the computation of the Net Asset Value as described
in Schedule I attached hereto by BNY Mellon in accordance with the then effective Offering Materials
for the Fund would violate any applicable laws or regulations, the Fund shall immediately so notify BNY
Mellon in writing and thereafter shall either furnish BNY Mellon with the appropriate values of securities,
Net Asset Value or other computation, as the case may be, or instruct BNY Mellon either in writing or
orally to value securities and/or compute Net Asset Value or other computations in a manner the Fund
specifies either in writing or orally (provided that in each case the Fund will provide written confirmation
of such Oral Instructions within twenty-four (24) hours or as promptly as practical under the circumstances),
and either the furnishing of such values or the giving of such instructions shall constitute a representation
by the Fund that the same is consistent with all applicable laws and regulations and with its Offering
Materials, all subject to confirmation by BNY Mellon as to its capacity to act in accordance with the
foregoing;
(v) Each person named on Exhibit B hereto,
as may be amended from time to time at the discretion of the Fund or the Investment Adviser, is duly
authorized by such Fund to be an Authorized Person hereunder;
(vi)
The Fund shall treat as confidential the fee schedule, rate card and all compensation details contemplated
by and in any way related to this Agreement and shall not disclose nor authorize disclosure thereof to
any other person, except (i) to its employees, regulators, examiners, internal and external accountants,
auditors and counsel, (ii) to any other person when required by applicable law, court order or legal
process, (iii) as agreed in writing by BNY Mellon or (iv) whenever advised by its counsel
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that it would be liable for a failure to make such disclosure.
The Fund shall instruct its employees, regulators, examiners, internal and external accountants, auditors
and counsel who may be afforded access to such information of the Fund’s obligations of confidentiality
hereunder;
(vii) The Fund shall
promptly notify BNY Mellon in writing of any and all legal proceedings filed against the Fund, the Board,
or to its knowledge, the Investment Adviser to the extent such legal proceedings, if resolved in a manner
adverse to the Fund, the Investment Adviser or the Board, as applicable, would be reasonably expected
to materially impair the ability to satisfy obligations or receive services as contemplated by this Agreement;
and
(viii) The Fund acknowledges that certain information provided
by BNY Mellon on BNY Mellon’s websites may be protected by copyrights, trademarks, service marks
and/or other intellectual property rights, and as such, agrees that all such information provided is
for the sole and exclusive use of the Fund and its authorized users of such websites. Certain information
provided by BNY Mellon is supplied to BNY Mellon pursuant to third party licensing agreements which restrict
the use of such information and protect the proprietary rights of the appropriate licensor (“Licensor”)
with respect to such information. Therefore, the Fund further agrees (a) not to disclose, disseminate,
reproduce, redistribute or republish information provided by BNY Mellon on its websites in any way without
the express written permission of BNY Mellon and the Licensor (Licensor permission to be obtained by
BNY Mellon prior to BNY Mellon providing its permission), and (b) to comply with the terms, conditions
and restrictions disclosed on BNY Mellon’s websites and as set forth in Appendix I, provided
that the Fund may disclose, reproduce or redistribute such information to (1) affiliates of the Fund
for their internal use in connection with the services provided under this Agreement; (2) its regulators,
examiners, internal or external accountants, auditors and counsel; (3) to any other person when
required by applicable law, court order or legal process; and/or (4) whenever advised by its counsel
that it would be liable for failure to make such disclosure. See Appendix I for electronic access terms
and conditions.
(b) BNY Mellon hereby represents and warrants
to each Fund, which representations and warranties shall be deemed to be continuing, that:
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(i) It is duly organized and existing under
the laws of the jurisdiction of its organization, with full power to carry on its business as now conducted,
to enter into this Agreement and to perform its obligations hereunder;
(ii) This Agreement has been duly authorized, executed and delivered in accordance
with all requisite action and constitutes a valid and legally binding obligation of BNY Mellon, enforceable
in accordance with its terms, and BNY Mellon has all necessary registrations and/or licenses necessary
to perform the services under this Agreement;
(iii)
BNY Mellon’s entrance into this Agreement shall not cause a breach or be in conflict with any other
agreement or obligation of BNY Mellon or any law or regulation applicable to BNY Mellon;
(iv) No legal or administrative actions have been instituted which would materially
impair BNY Mellon’s ability to perform its obligations under this Agreement;
(v) BNY Mellon has completed, obtained and performed all registrations, filings,
approvals, and authorizations, consents or examinations required by any government or governmental authority
to which BNY Mellon is subject, to perform the services contemplated by this Agreement and will maintain
the same in effect for so long as this Agreement remains in effect.
(vi)
BNY Mellon shall provide the services under this Agreement to the Funds in accordance with
the terms and conditions of Schedule I attached hereto and this Agreement, including for the avoidance
of doubt, in accordance with the NAV Error Policy;
(vii)
To the best of BNY Mellon’s knowledge, all the information relating to BNY Mellon that BNY Mellon
or its authorized agents have given to a Fund in connection with the due diligence performed during the
request for proposal process and with the transactions contemplated by this Agreement, and to the Board
of Directors of the Fund in connection with its due diligence process, is full, complete and accurate
and the Fund may reasonably rely on such information until it receives written notice from BNY Mellon
of any changes which would materially impair BNY Mellon’s ability to perform its obligations under
this Agreement;
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(viii) BNY Mellon shall comply with all
Laws applicable to the performance of its services, and its standard of performance of such services
shall be in accord with such standards as may be imposed by such laws and the requirements of all applicable
regulatory authorities having jurisdiction over BNY Mellon. BNY Mellon has compliance policies and procedures
reasonably designed to prevent violations of the federal securities laws, and it will cooperate with,
make personnel available to, and provide such information as may reasonably be requested to the Fund
or the Fund’s Chief Compliance Officer (“CCO”) in order for the CCO to perform his
or her duties under Rule 38a-1 under the 1940 Act. In addition, as reasonably requested by the CCO, BNY
Mellon will provide summary procedures and updates, as applicable, to the CCO and the Fund concerning
its compliance with applicable laws and regulations;
(ix) As of the Effective Date and thereafter during the term of this
Agreement, that (i) in connection with the services provided under this Agreement, neither BNY Mellon
nor any BNY Mellon Affiliate, nor any officer or employee of BNY Mellon, has taken or shall take any
action or make any payment in violation of, or which may cause BNY Mellon, any BNY Mellon Affiliate,
any Fund, or any Fund Affiliate to be in violation of any applicable anti-corruption laws in any jurisdictions
where it conducts business, including without limitation the provisions of the U.S. Foreign Corrupt Practices
Act of 1977, as amended, and of the U.K. Bribery Act (collectively, “FCPA”); (ii) no part
of any monies or consideration paid hereunder shall accrue for the benefit of any official of the government
of any country or any agency thereof; (iii) BNY Mellon’s global compliance program for FCPA includes
a written global policy supplemented by companywide and business specific internal guidance and procedures,
a designated anti-corruption compliance officer, anti-corruption risk assessments and internal controls,
as well as internal training and a regular auditing/monitoring program; (iv) BNY Mellon’s global
FCPA policy and related gifts and entertainment policies require that no employee or anyone else acting
on behalf of BNY Mellon offers, promises, gives, solicits or accepts any payment or other thing of value,
directly or indirectly, to or from any government official, or any other party in a commercial transaction,
with the purpose of obtaining or retaining business, to receive any business advantage or to direct business
to any person; and (v) the compliance program BNY Mellon has in place adequately addresses the FCPA risks
in its global operations. BNY Mellon shall make available for review by the Fund, or its
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designee, upon the Fund’s reasonable request at any
time during the term of this Agreement, books, records, and other documentation relevant to its compliance
with the FCPA in connection with the services provided under this Agreement. At the Fund’s request,
not more than once annually, BNY Mellon shall certify in writing that, to the best of its knowledge,
it has complied in all material respects with this Section 3(b)(ix). BNY Mellon does not undertake any
responsibility or liability with respect to FCPA compliance measures that the Fund may be required to
undertake under applicable Law;
(x)
BNY Mellon has implemented and maintains reasonable procedures and systems (including reasonable disaster
recovery and business continuity plans and procedures consistent with legal, regulatory and business
needs applicable to BNY Mellon’s delivery of the services hereunder) to safeguard each Fund’s
records and data and BNY Mellon’s records, data, equipment facilities and other property that it
uses in the performance of its obligations under this Agreement from loss or damage attributable to fire,
theft, or any other cause, and BNY Mellon will make such changes to the procedures and systems from time
to time as are reasonably required for the secure performance of its obligations under this Agreement,
provided, however, BNY Mellon shall not make any modification to its disaster recovery and business continuity
plans that would materially and adversely affect their application to the Fund;
(xi) BNY Mellon will maintain a fidelity bond and an insurance policy with respect
to errors and omissions coverage in form and amount that are commercially reasonable in light of BNY
Mellon’s duties and responsibilities under this Agreement;
(xii)
BNY Mellon has (and will ensure that BNY Mellon Affiliates have) implemented, and will continue to maintain
and update during the term of this Agreement, an information security program with written policies and
procedures designed to protect the confidentiality and integrity of the Fund’s Confidential Information
that will comply with industry practice for the services provided under this Agreement, the confidentiality
provisions of this Agreement, and that are no less rigorous than those maintained by BNY Mellon for its
own information of a similar nature or for information of a similar nature that BNY Mellon receives from
other BNY Mellon existing clients for the services provided under this Agreement. The information security
program will contain administrative technical and physical safeguards, appropriate to the
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type of information concerned, designed to: (a) protect the
security and confidentiality of such information; (b) protect against anticipated threats or hazards
to the security or integrity of such information; (c) protect against unauthorized access to or use or
alteration of such information, and (d) protect against the destruction or loss of such information and
(e) provide for appropriate disposal of such information. BNY Mellon shall provide for (i) computer
and technology security systems, including firewalls and encryption where appropriate, (ii) physical
security procedures, including security guards and regular monitoring of work areas within data centers,
(iii) security assessments of third party vendors and other third party subcontractors, (iv) ongoing
monitoring of system activities and personnel providing services, (v) password complexity rules, expiration
parameters and security systems, and (vi) a current real-time intrusion detection system and intrusion
detection operational procedures. Without limiting any of the other provisions of this Agreement governing
the treatment of Confidential Information, BNY Mellon shall only transfer (including internal BNY Mellon
transfers that occur beyond the internal firewalls of BNY Mellon) the Fund’s Confidential Information
in accordance with the requirements of commercially reasonable standards; and
(xiii) BNY Mellon shall comply (and shall cause the BNY Mellon Affiliates and
subcontractors to comply to the extent applicable for the purpose of this Agreement) with their respective
obligations set forth in any applicable data protection or privacy Laws of any jurisdiction.
(c)
TRP hereby represents and warrants to BNY Mellon, which representations and warranties shall be deemed
to be continuing, that:
(i) The Fund’s
Investment Adviser is in good standing and qualified to do business in each jurisdiction in which the
nature or conduct of its business requires such qualification;
(ii)
The terms of this Agreement, the fees and expenses associated with this Agreement and any benefits accruing
to BNY Mellon in connection with this Agreement, including but not limited to any fee waivers, conversion
cost reimbursements, upfront payments, signing payments or periodic payments made or to be made by BNY
Mellon to such Investment Adviser or sponsor or any affiliate of the Fund relating to this Agreement
have been fully disclosed to the Board of the Fund and that, if required by applicable law,
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such Board has approved the terms of this Agreement and acknowledged
any such fees and expenses and any such benefits; and
(iii)
TRP acknowledges that certain information provided by BNY Mellon on BNY Mellon’s websites may be
protected by copyrights, trademarks, service marks and/or other intellectual property rights, and as
such, agrees that all such information provided is for the sole and exclusive use of the Fund and its
authorized users of such websites. Certain information provided by BNY Mellon is supplied to BNY Mellon
pursuant to third party licensing agreements which restrict the use of such information and protect the
proprietary rights of the appropriate Licensor with respect to such information. Therefore, TRP further
agrees (a) not to disclose, disseminate, reproduce, redistribute or republish information provided by
BNY Mellon on its websites in any way without the express written permission of BNY Mellon and the Licensor
(Licensor permission to be obtained by BNY Mellon prior to BNY Mellon providing its permission), and
(b) to comply with the terms, conditions and restrictions disclosed on BNY Mellon’s websites and
as set forth in Appendix I, provided that TRP may disclose, reproduce or redistribute such information
to (1) affiliates of TRP for their internal use in connection with the services provided to the Funds
under this Agreement; (2) its regulators, examiners, internal or external accountants, auditors and
counsel in connection with the services provided to the Funds under this Agreement; (3) to any other
person when required by applicable law, court order or legal process in connection with the services
provided to the Funds under this Agreement; and/or (4) whenever advised by its counsel that it would
be liable for failure to make such disclosure.
4. Delivery of Documents.
Each Fund shall promptly provide or cause to be delivered to BNY Mellon, or provide
access to BNY Mellon to, the Fund’s Organizational Documents and Documents and shall promptly provide
notice of and provide or cause to be delivered to BNY Mellon, or provide access to BNY Mellon to, all
updates and amendments thereto as may be necessary for BNY Mellon to perform its duties hereunder. BNY
Mellon shall not be deemed to have notice of any information (other than information supplied to BNY
Mellon or to which BNY Mellon is provided with access) contained in such Organizational Documents, Documents
or other materials until they are actually received
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by BNY Mellon or BNY Mellon is provided with such access,
as applicable. Notwithstanding the foregoing, the Funds will be deemed to have furnished and delivered
such Organizational Documents and Documents to the BNY Mellon to the extent such Fund has filed such
documents with the SEC via the EDGAR filing system (or any successor thereto), such documents are publicly
available, and notice of the filing is furnished to BNY Mellon.
5. Matters Regarding BNY Mellon.
(a) Subject to the direction
and control of each Fund’s Board and oversight by TRP, and the provisions of this Agreement, BNY
Mellon shall provide to each Fund the services listed on Schedule I and any SLDs attached hereto.
(b) In
performing hereunder, BNY Mellon shall provide, at its expense (except as otherwise agreed upon in accordance
with Section 8 related to BNY Mellon’s compensation hereunder), office space, facilities, equipment,
personnel and any other necessary resources. BNY Mellon intends to perform the services under this Agreement
from (a) the facilities that TRP has dedicated for use by BNY Mellon to perform the services and
(b) various of the locations listed or described in Schedule III (the “Service Locations”).
If BNY Mellon intends to provide the services from a location that is in a country in which a Service
Location is not then currently located, BNY Mellon will provide reasonable prior notice of such other
location to the Fund, and upon delivery of such notice, Schedule III shall be deemed to have been updated
without the need for any further action by the parties; provided, however, that in the event that such
location is within a country that would cause the Fund or a Fund Affiliate to be in violation of applicable
laws, the Fund shall provide notice thereof to BNY Mellon and the Fund and BNY Mellon shall in good faith
discuss an appropriate work-around.
(c) BNY Mellon shall not provide any services relating to the management,
investment advisory or sub-advisory functions of any Fund, distribution of shares of any Fund or other
services normally performed by the Funds’ respective counsel or independent auditors and the services
provided by BNY Mellon do not constitute, nor shall they be construed as constituting, legal advice or
the provision of legal services for or on behalf of a Fund or any other person, and each Fund acknowledges
that BNY Mellon does not provide public accounting or auditing services or advice and will not be making
any tax filings, or doing any tax reporting on its behalf, other than those specifically agreed to hereunder.
In the event that a Fund desires to
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receive a new service from BNY Mellon related to the services provided under this
Agreement, such Fund shall provide such request to BNY Mellon in writing with such detail as BNY Mellon
shall reasonably request. Within a reasonable period of time after any such request relating to any
new service, BNY Mellon will provide a proposal to the Fund in writing setting forth the terms under
which BNY Mellon is willing to provide such new service. BNY Mellon and the Fund shall negotiate in
good faith with respect to each proposal for new services, provided that the Fund shall not be required
to accept such proposal. Similarly, with respect to the money market fund reforms announced by the SEC
in 2014, the parties hereto agree to review such reforms and negotiate in good faith any related new
services or increases in the scope of services provided under this Agreement as may be mutually agreed
upon by the parties. Additionally, BNY Mellon shall use commercially reasonable efforts to develop modifications
to the method of delivery of services provided hereunder and to the systems utilized in connection therewith
to keep pace with prevailing industry practices for its fund accounting clients generally. In the event
that a new or revised regulatory requirement becomes applicable to a Fund that requires a change to the
services provided under this Agreement or an increase in the scope of the services provided hereunder
or BNY Mellon is otherwise proposing a change to or an increase in the scope of the services provided
to its fund accounting clients generally, including a change to keep pace with prevailing market practices,
BNY Mellon shall provide a commercially reasonable proposal to the Fund in writing setting forth the
terms applicable to such change or increase in scope and BNY Mellon and the Fund shall negotiate in good
faith with respect to each such change or increase. BNY Mellon shall not be obligated to provide any
new service or increase in the scope of services hereunder unless and until the parties have agreed to
the terms applicable to such new service or increase in scope.
(d) Each Fund shall, and shall use commercially reasonable efforts
to cause its officers, advisors, independent auditors and accountants, transfer agent and any other service
providers hired by the Fund to, cooperate with BNY Mellon and to provide BNY Mellon, upon reasonable
request, with such information, documents and advice relating to such Fund as is within the possession
or knowledge of such persons, and which BNY Mellon has informed the Fund in writing that it reasonably
believes is necessary in order to enable BNY Mellon to perform its duties hereunder. In connection with
its duties hereunder, BNY Mellon shall not be responsible for, under any duty to inquire into, or be
deemed to make any assurances with respect to, the accuracy, validity or propriety of any information,
documents or advice provided
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to BNY Mellon by any of the aforementioned persons, as long as BNY Mellon utilized
the data as contemplated by this Agreement or as otherwise instructed by an Authorized Person. BNY Mellon
shall not bear, or otherwise be responsible for, any fees, costs or expenses charged by any third party
service providers engaged by a Fund, or by any affiliate of such Fund or by any other third party service
provider to such Fund. In the event that any services performed by BNY Mellon hereunder rely, in whole
or in part, upon information obtained from a third party service utilized or subscribed to by BNY Mellon
which BNY Mellon in its reasonable judgment deems reliable, so long as the selection of the applicable
third party service provider was made in good faith and did not involve any BNY Mellon Misconduct, BNY
Mellon shall not have any responsibility or liability for, be under any duty to inquire into, or be deemed
to make any assurances with respect to, the accuracy or completeness of such information.
(e) Nothing in this Agreement
shall limit or restrict BNY Mellon, any BNY Mellon Affiliate or any officer or employee thereof from
acting for or with any third parties, and providing services similar or identical to some or all of the
services provided hereunder, provided, however, BNY Mellon shall not use Confidential Information (as
defined at Section 18) of the Fund in providing such services.
(f) Each Fund shall furnish
BNY Mellon with any and all Instructions, explanations, information, specifications, Documents and documentation
deemed necessary by BNY Mellon in the performance of its duties hereunder, including, without limitation,
the amounts or written formula for calculating the amounts and times of accrual of Fund liabilities and
expenses (including fee waivers and rebates, expense repayments and reimbursement amounts), and the value
of any securities lending related collateral investment account(s) (with the exception of Funds held
within such cash collateral investment account(s) and receiving services hereunder), the amounts receivable
and the amounts payable on the sale or purchase of securities, and the amounts receivable or the amounts
payable for the sale or redemption of Fund Shares effected by or on behalf of a Fund, and BNY Mellon
shall be entitled to rely fully on and shall have no duty or obligation for the accuracy, validity or
propriety thereof. BNY Mellon shall not be required to include as Fund liabilities and expenses, nor
as a reduction of Net Asset Value, any accrual for any federal, state or foreign income taxes except
as expressly required pursuant to the SLDs or unless the Fund shall have specified to BNY Mellon in Instructions
the amount of or formula to compute the same to be included in liabilities and expenses or used to reduce
Net Asset Value. In the event BNY Mellon’s computations hereunder rely, in whole or in
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part, upon information, including, without limitation, bid, offer or market values
of securities or other assets, or accruals of interest or earnings thereon, from a security pricing or
similar service utilized, or subscribed to, by BNY Mellon and which BNY Mellon in its judgment deems
reliable at the time such information is required for calculations hereunder or which the Fund directs
BNY Mellon to utilize, BNY Mellon shall not be responsible for, under any duty to inquire into (except
as expressly required pursuant to the SLDs), or deemed to make any assurances with respect to, the accuracy
or completeness of such information as long as BNY Mellon utilized the data as contemplated by this Agreement
or as otherwise instructed by an Authorized Person. Without limiting the generality of the foregoing,
BNY Mellon shall not be required to inquire into any valuation of securities or other assets by a Fund
or any third party described in this sub-section (f) even though BNY Mellon in performing services similar
to the services provided pursuant to this Agreement for others may receive different valuations of the
same or different securities of the same issuers. BNY Mellon will notify the Fund when bid, offer or
market values for a security are not available to BNY Mellon and such Fund shall then furnish BNY Mellon
with bid, offer or market values for such security as applicable. At any time and from time to time,
the Fund also may furnish BNY Mellon with bid, offer or market values of securities and instruct BNY
Mellon in Instructions to use such information in its calculations hereunder. In connection therewith,
BNY Mellon shall at no time be required or obligated to commence or maintain any subscriptions to any
securities pricing or similar service but may be required to utilize a pricing or similar service if
required by TRP or the Fund’s Board pursuant to an agreement between the Fund or TRP and the securities
pricing service vendor. In no event shall BNY Mellon be required to determine, or have any obligations
with respect to, whether a market price represents any fair or true value, nor to adjust any price to
reflect any events or announcements, including, without limitation, those with respect to the issuer
thereof, it being agreed that all such determinations and considerations shall be solely for the applicable
Fund and such Fund’s Valuation Committee. Notwithstanding the foregoing, BNY Mellon shall use
commercially reasonable efforts to notify the Fund of events, announcements, issuer information, or other
market news of which it becomes aware for consideration by the Fund’s Valuation Committee.
(g) The Bank of New York Mellon Corporation is a global financial
organization that provides services to clients through its affiliates and subsidiaries in multiple jurisdictions
(the “BNY Mellon Group”). The BNY Mellon Group may centralize functions including audit,
accounting, risk, legal, compliance, sales, administration, product
15
communication, relationship management, storage, compilation and analysis of customer-related
data, and other functions (the “Centralized Functions”) in one or more affiliates, subsidiaries
and third-party service providers. Solely in connection with the Centralized Functions, (i) each Fund
consents to the disclosure of and authorizes BNY Mellon to disclose information regarding the Fund (“Customer-Related
Data”) to the BNY Mellon Group and to its third-party service providers who are subject to written
confidentiality, security and data protection obligations with respect to such information at least as
restrictive as those set forth in this Agreement and (ii) BNY Mellon may store the names and business
contact information of each Fund’s employees and representatives on the systems or in the records
of the BNY Mellon Group or its service providers. Notwithstanding the foregoing, the BNY Mellon Group
may use data regarding the Fund collected and/or calculated by the BNY Mellon Group in the course of
providing the services under this Agreement and may use such data for the purpose of measuring and monitoring
its performance of services to its customers, including the Fund, and for the further purpose of seeking
to improve the quality and/or reduce the cost of providing such services. The BNY Mellon Group may also
aggregate data regarding the Fund collected and/or calculated by the BNY Mellon Group in the course of
providing the services under this Agreement with other similar data regarding other customers and may
use such aggregated data in regulatory reports and/or in materials prepared for BNY Mellon shareholders,
other clients or potential clients (i.e., aggregate assets under administration, total number of funds,
total number of NAVs calculated or transactions processed and similar types of information); provided,
however, that all such aggregated data shall be anonymized in connection with such aggregation, and provided
further, however, that BNY Mellon shall not aggregate or use (other than in connection with performing
the services pursuant to this Agreement or as specifically permitted in the preceding parenthetical)
non-public securities trading information, information regarding individual securities transactions or
positions or information regarding the valuation of individual securities without the Fund’s prior
written consent. BNY Mellon will own all such aggregated data. In the event that the BNY Mellon Group
desires to aggregate the Fund’s data for the purpose of products offered to the BNY Mellon Group’s
clients, BNY Mellon will provide a proposal to the Fund in writing setting forth the data that the BNY
Mellon Group desires to aggregate and the proposed use of the aggregated data, and the BNY Mellon Group
will not aggregate and/or use such aggregated data in such manner without the Fund’s prior written
consent.
(h) BNY
Mellon may consult with counsel to the appropriate Fund, at such
16
Fund’s expense, and shall be fully protected with respect to anything done
or omitted by it in good faith and without BNY Mellon Misconduct in accordance with the advice or opinion
of such Fund counsel.
(i) BNY Mellon shall be responsible for determining in accordance
with U.S. tax laws and regulations: (i) the taxable nature of any distribution or amount received or
deemed received by, or payable to, a Fund and (ii) the taxable nature or effect on a Fund or its shareholders
of any corporate actions, class actions, tax reclaims, tax refunds or similar events (each, a “BNYM
Tax Determination”) and agrees to process such securities or events in accordance with the BNYM
Tax Determination unless instructed otherwise by TRP through the Escalation Process described immediately
below. BNY Mellon and TRP shall put in place mutually agreed upon procedures as part of the SLD that
outline the circumstances under which BNY Mellon is required to alert TRP regarding a BNYM Tax Determination.
TRP shall have the right in those circumstances to instruct BNY Mellon to process a security or an event
differently than the BNYM Tax Determination for a Fund or Funds (the “Escalation Process”).
BNY Mellon is not responsible for the identification of securities requiring U.S. tax treatment that
differs from treatment under U.S. generally accepted accounting principles. In addition and for the
avoidance of doubt, BNY Mellon shall not be responsible for determining the taxable nature or taxable
amount of any Fund level distribution or dividend, or the effect under any federal, state or foreign
income tax laws of a Fund making or not making any Fund level distribution or dividend payment, or any
election with respect thereto.
(j) Subject
to the terms of Section 2, BNY Mellon shall have no duties or responsibilities whatsoever except such
duties and responsibilities as are specifically set forth in this Agreement and Schedule I including
SLDs attached hereto. Subject to the terms of Section 3(b)(viii), no covenant or obligation shall be
implied against BNY Mellon in connection with this Agreement.
(k) BNY Mellon, in performing the services required of it under
the terms of this Agreement, shall not be responsible for determining whether any interest accruable
to a Fund is or will be actually paid, but will accrue such interest until otherwise instructed by such
Fund.
(l) BNY
Mellon shall enter into and shall maintain in effect with appropriate parties one or more agreements
making reasonable provisions for emergency use of electronic
17
data processing equipment to the extent appropriate equipment is available. In
the event of equipment failures, BNY Mellon shall, at no additional expense to the applicable Fund, take
reasonable steps to minimize service interruptions. BNY Mellon shall have no liability with respect
to the loss of data or service interruptions caused by equipment failure, provided such loss or interruption
is not caused by BNY Mellon Misconduct.
(m) BNY
Mellon agrees to provide an annual report (Service Organization Control Report SOC 1SM1)
(“SOC 1SM Report”) issued under the Statement on Standards for
Attestation Engagements No. 16 (“SSAE 16”) or International Standard on Assurance Engagements
3402 (“ISAE 3402”) or other similar standard in place from time to time covering the preceding
12-month period (with the first such period commencing October 1, 2015 and ending September 30,
2016), by a globally recognized firm qualified to perform such audits, and will use reasonable efforts
to provide such within sixty (60) calendar days of the applicable period end date. The SOC 1SM
Report
shall be a multi-client SOC 1SM type 2 which shall cover services, systems,
infrastructure and the ongoing maintenance of control documentation for all common processes controlled
and performed by BNY Mellon for which such audits are then currently performed. Such SOC 1SM
Report will not cover services, systems, infrastructure or the ongoing maintenance of control documentation
for common processes for which TRP is responsible. With respect to any period of less than twelve (12)
months prior to September 30, 2015 during which BNY Mellon is providing services hereunder, such period
shall be covered by TRP’s annual Service Organization Control Report SOC 1SM,
and the Fund shall obtain such report from TRP. Each SOC 1SM Report provided by BNY
Mellon shall contain a certification from BNY Mellon’s auditor that specifically addresses (i) review
of BNY
1 SOC 1 is a service mark of the American Institute of Certified
Public Accountants (AICPA), which reserves all rights.
18
Mellon’s
internal controls as they relate to a user organization’s financial statement assertions and (ii) the
processing locations used in providing the services as they relate to a user organization’s financial
statement assertions. Upon the Fund’s reasonable request, BNY Mellon shall deliver to the Fund
a bridge letter from an appropriate officer or representative of BNY Mellon stating that, to the best
of such persons’ knowledge, there have been no changes to BNY Mellon’s internal controls,
as described in the preceding SOC 1SM Report and as reviewed by BNY Mellon’s
Independent Auditors in conjunction with their Independent Service Auditor’s Report, which would
materially or adversely affect the internal control environment; provided, however that if any such changes
have occurred, BNY Mellon and the Fund shall promptly meet with BNY Mellon’s auditors to discuss
such change. The Fund may provide a copy of such SOC 1SM Report to its external
auditors, provided that such auditors are required to maintain the confidentiality of such SOC 1SM
Report and any related information. The requirements of BNY Mellon in this Section 5(m) shall apply
to any standards that supersede or supplement SSAE 16 or ISAE 3402.
(n) In the event that (i) the conversion of all of the services
from TRP’s systems to BNY Mellon’s systems is not substantially completed by the date that
is two (2) years from the Effective Date and the Fund does not exercise its right to terminate this Agreement
pursuant to Section 10(c)(v), or (ii) TRP ceases to provide in all material respects, prior to the date
that is two (2) years from the Effective Date, the support and/or resources under the Middle Office Services
Agreement reasonably necessary for BNY Mellon to perform such conversion and/or provide the services
under this Agreement; upon the request of BNY Mellon, the Fund and BNY Mellon shall negotiate in good
faith to assign or terminate this Agreement to effectuate the provision of services in an alternate manner
from an alternative service provider (a “Service Alternative”); provided, that BNY Mellon
shall continue to provide the services pursuant to this Agreement until an agreement with respect to
a Service Alternative is reached and BNY Mellon shall then provide reasonable assistance to the Fund
in connection with the transition to the Service Alternative.
6. Allocation of Expenses.
Except as otherwise provided herein, all costs and expenses
arising or incurred in connection with the performance of this Agreement shall be paid by the appropriate
Fund.
7. Standard of Care; Limitations of Liability; Indemnification.
19
(a) BNY Mellon shall be liable to the Fund for
any
and all costs, expenses, damages, liabilities
and
claims
(including,
without limitation, all costs and expenses of investigation and enforcement and the costs, expenses and
fees of attorneys and accountants) (“Liabilities”)
sustained
or incurred by the Fund and any Fund Affiliate, its officers, directors, employees, successors and permitted
assigns and amounts paid in settlement in accordance with this Section 7 only
to the extent such Liabilities arise out of the negligence,
bad
faith,
willful
misconduct,
fraud or recklessness of BNY Mellon or any BNY Mellon Affiliate in the performance or omission of any
of its duties or obligations under this Agreement (collectively, “BNY
Mellon
Misconduct”).
The
parties
acknowledge
that
there
may
be
instances where such Liabilities arise out of BNY Mellon’s
performance
of
its
duties
or
obligations
under
this
Agreement
but
it
is
unclear
as
to
whether
such
Liabilities
were
caused
by
BNY
Mellon
Misconduct
(“Potential
Liabilities”)
and
in
such
cases
the
parties
shall
use
good
faith
efforts
to
determine
appropriate
means
for
addressing
such
Potential
Liabilities,
including
the
extent,
if
any,
to
which
it
is
appropriate
for
BNY
Mellon
to
assume
all
or
a
portion
of
such
Potential
Liabilities
in light of relevant facts and circumstances.
(b) BNY
Mellon shall not be responsible for Liabilities (including without limitation damages caused by delays,
failure, errors, interruption or loss of data) or for failure to perform (or delay in performing) its
obligations which occur by reason of circumstances beyond its reasonable control in the performance of
its duties under this Agreement, including, without limitation, an event of natural disaster, casualty,
elements of nature, acts of God, riots, terrorism, war, or such other event of similar nature that is
beyond the reasonable control of BNY Mellon (excluding labor disputes or strikes directed at BNY Mellon),
non-performance by a third party not hired or otherwise selected by BNY Mellon to provide services in
connection with this Agreement, failure of the mails, communications or computer (hardware or software)
services or functions or malfunctions of the internet, firewalls, encryption systems or security devices
caused by any of the above (a “Force Majeure Event”). BNY Mellon shall not be responsible
for delays or failures to supply the information or services specified in this Agreement where such delays
or failures are caused by the failure of any person(s) other than BNY Mellon or a person retained by
BNY Mellon to provide services under this Agreement. In any such event, BNY Mellon will use commercially
reasonable efforts including, upon declaration of a disaster, those described in their disaster recovery
and business continuity plans referenced in Section 3(b)(x), to continue to perform, to recommence performance
whenever and to whatever extent reasonably possible
20
without delay, and to mitigate the impact of its non-performance notwithstanding
the occurrence of such event; provided that, if a Force Majeure Event substantially prevents, hinders
or delays performance of the services contemplated by this Agreement by more than ninety (90) days and
has a material adverse impact on the continuing operations of the Fund, then the Fund may, by giving
BNY Mellon at least five (5) days prior written notice, terminate this Agreement (a “Force Majeure
Termination”). In addition, in the event that the Fund reasonably believes that a Force Majeure
Event will substantially prevent, hinder or delay performance of the services contemplated by this Agreement
for more than five (5) consecutive calendar days, the Fund may take commercially reasonable actions to
mitigate the impact of such services not being provided, including, but not limited to, contracting with
another service provider to provide such services during such period and/or engaging TRP to perform such
services in-house during such period; provided, that the Fund shall consult with BNY Mellon in good faith
in connection with any such mitigation and BNY Mellon shall provide the Fund reasonable assistance in
good faith in connection therewith; provided, further, that BNY Mellon shall resume providing, and the
Fund shall pay for, such services when BNY Mellon resumes providing, unless the Fund has terminated this
Agreement pursuant to the immediately preceding sentence. Notwithstanding anything set forth in this
Section 7(b), (i) in no event shall the Funds be obligated to pay any fees under this Agreement to BNY
Mellon with respect to any services not actually provided during any such Force Majeure Event and (ii)
the Funds shall have no responsibility to pay BNY Mellon for services temporarily performed by the Investment
Adviser or a third party.
(c) The
Fund
shall
indemnify
and
hold
harmless
BNY
Mellon
from
and
against
any
and
all
third party Liabilities which are sustained
or
incurred
by
BNY
Mellon
or
any
BNY
Mellon
Affiliate
or any of their officers, directors, employees, successors and assigns only to the extent that such Liabilities
arise out of (i) the performance of BNY Mellon’s
duties
and/or
obligations,
under
this
Agreement
(including any action taken or omitted to be taken by BNY Mellon in good faith in accordance with the
advice or opinion of counsel for the Fund) except to the extent that such Liabilities arise out of (x)
any material breach of this Agreement by BNY Mellon or (y) BNY Mellon Misconduct; (ii) errors existing
in the Fund’s records prior to the Effective Date; (iii) action or inaction taken or omitted to
be taken by BNY Mellon pursuant to and in compliance with the terms of any Instructions; and (iv)
the
Fund’s
own
negligence,
bad
faith,
willful misconduct or fraud, including any improper use by the Fund of any valuations
or
computations
supplied
by
BNY
Mellon
pursuant
to this Agreement. With respect to clause
21
(iii) of the preceding sentence, the Fund acknowledges and agrees that BNY Mellon
may apply to an Authorized Person of the Fund for Instructions with respect to any matter arising in
connection with BNY Mellon’s performance hereunder for such Fund. Such application for Instructions
may, at the option of BNY Mellon, set forth in writing any action proposed to be taken or omitted to
be taken by BNY Mellon with respect to its duties or obligations under this Agreement and the date on
and/or after which such action shall be taken. Without limiting the foregoing and unless there is BNY
Mellon Misconduct, BNY Mellon shall not be liable for any action taken or omitted to be taken in accordance
with a proposal included in any such application on or after the date specified therein unless, prior
to taking or omitting to take any such action, BNY Mellon has received Instructions from an Authorized
Person in response to such application specifying the action to be taken or omitted.
(d) BNY Mellon shall indemnify
and
hold
harmless
the
Fund
from
and
against
any
and
all
third party Liabilities which are sustained
or
incurred
by
the
Fund
or any Fund Affiliate or their respective officers, directors, employees, successors and permitted assigns
(which,
for purposes of this Section 7(d) shall be deemed to include any other Funds that invest in the indemnified
Fund),
only
to the extent that such Liabilities arise out of any material breach of this Agreement by BNY Mellon
or any BNY Mellon Affiliate or by any BNY Mellon Misconduct.
(e) (i)
In the event of a claim against a party (“Claim”) related to Liabilities for which such
party is entitled to indemnification under this Agreement (the “Indemnified Party”),
the Indemnified Party shall give notice to the party obligated to indemnify such claim (the “Indemnifying
Party”) as promptly as practicable; provided, however, that any failure by the Indemnified Party
to provide such notice shall not relieve the Indemnifying Party of its obligations to indemnify under
this Agreement except to the extent that the Indemnifying Party can demonstrate actual prejudice as a
result of such failure. The Indemnified Party shall provide the Indemnifying Party all reasonably available
information requested by the Indemnifying Party with respect to such claim.
(ii) Within
thirty (30) calendar days after receiving the Indemnified Party’s notice of a Claim, but (to the
extent reasonably practicable under the circumstances) no later than ten (10) days before the date on
which any formal response to the Claim is due, the Indemnifying Party shall notify the Indemnified Party
in writing as to whether the Indemnifying
22
Party acknowledges its indemnification obligation and elects to assume control
of the defense of the claim with respect to the Indemnified Party and its affiliates and their respective
officers, directors, employees, successors and permitted assigns (a “Notice of Election”).
(iii) If the Indemnifying Party timely delivers a Notice of Election
to the Indemnified Party, the Indemnifying Party shall, at the Indemnifying Party’s sole cost and
expense, conduct the defense of the Claim and, consistent with the rights of Indemnified Party under
this Agreement, all negotiations for settlement of the Claim, subject to the following:
(1) The
Indemnified Party shall cooperate, at the cost of the Indemnifying Party, in all reasonable respects
with the Indemnifying Party and its attorneys in the investigation, trial and defense of such Claim and
any appeal arising therefrom.
(2) The
Indemnified Party may participate in said defense and/or negotiations to protect its interests at the
Indemnified Party’s cost and expense.
(3) Neither any settlement of a Claim that involves a remedy other
than the payment of money by the Indemnifying Party, nor any admission regarding the Indemnified Party’s
interests, shall be entered into by the Indemnifying Party, except with the prior written consent of
the Indemnified Party.
(iv) If
the Indemnifying Party does not timely deliver a Notice of Election, the Indemnified Party may defend
and/or settle the Claim in such manner as it may deem appropriate; provided, however, that no settlement
of a Claim that involves the payment of money by the Indemnifying Party or any admission regarding the
Indemnifying Party’s interests shall be entered into by the Indemnified Party without the prior
written consent of the Indemnifying Party.
(v) If
the Indemnified Party brings an action against the Indemnifying Party to enforce the Indemnified Party’s
rights under this Section 7, and the Indemnified Party prevails in such action, the Indemnifying Party
shall reimburse the Indemnified Party for the reasonable costs and expenses incurred in connection with
the enforcement of this Section 7.
(f) Subject
to the other provisions of this Section 7 (except as expressly stated otherwise in the NAV Error Policy),
BNY Mellon agrees to be liable to the Fund in accordance with the terms of Schedule II (NAV Error Policy).
The parties understand that there may be investors and beneficial owners who hold shares of the Fund
through an intermediary, including
23
but not limited to banks, broker-dealers, other Funds and defined contribution
plan recordkeepers (collectively referred to as “Intermediaries”). Such Intermediaries will
maintain one or more accounts directly with the Fund on behalf of investors or beneficial owners (e.g.,
defined contribution plan participants). If there is either a delay in delivery of a Fund’s NAV
or a Material NAV Error arising out of BNY Mellon Misconduct, it is acknowledged there may be Liabilities
sustained by such Intermediaries, which, if they had been sustained or incurred by the Fund, would be
the type of Liabilities for which BNY Mellon would have been liable under this Agreement (“Covered
Liabilities”). In the event an Intermediary claims the Fund or TRP must reimburse it for such Covered
Liabilities, BNY Mellon shall be liable to the Fund, TRP or the Intermediary directly for such Covered
Liabilities, provided that the Fund or TRP has taken all commercially reasonable efforts to mitigate
such Covered Liabilities.
(g)
Notwithstanding anything else contained in this Agreement, no party to this Agreement shall be liable
to the other party for any indirect, special, incidental, or consequential damages sustained or incurred
by such other party arising out of, concerning or relating to the performance of such party’s duties
and/or obligations under this Agreement, even if previously informed of the possibility of such damages
and regardless of the form of action, except to the extent arising out of such party’s own gross
negligence, bad faith, willful misconduct, fraud or recklessness. For purposes of this Section 7(g),
the parties acknowledge that any and all Liabilities incurred by the Indemnified Party arising out of
Claims with respect to which the Indemnified Party is entitled to indemnification pursuant to this Section
7 are not and shall not be deemed to be indirect, special, incidental or consequential damages.
24
Compensation.
For the services provided hereunder, each Fund agrees to pay
BNY Mellon such compensation and out of pocket expenses as are set forth in Schedule IV attached hereto
or otherwise mutually agreed to in writing by such Fund and BNY Mellon from time to time. Except for
those amounts (a) expressly approved by the Funds in writing to BNY Mellon or (b) set forth in Schedule
IV attached hereto, the Funds shall not be obligated to pay any other fees or expenses in connection
with BNY Mellon performing the services under this Agreement. Except as hereinafter set forth or as otherwise
set forth in Schedule IV attached hereto, compensation shall be calculated and accrued daily and paid
monthly. Each Fund may authorize BNY Mellon to debit such Fund’s custody account for all amounts
due and payable hereunder, provided that any such authorization shall be provided in the Fund’s
sole discretion in writing and shall only be valid for the time period and to the extent expressly set
forth therein. In the event that the Fund authorizes any such debiting, BNY Mellon shall deliver to
each Fund invoices for services rendered after debiting such Fund’s custody account with an indication
that payment has been made. Upon termination of this Agreement before the end of any month, the compensation
for such part of a month shall be prorated according to the proportion which such period bears to the
full monthly period and shall be payable upon the effective date of termination of this Agreement. For
the purpose of determining compensation payable to BNY Mellon, each Fund’s Net Asset Value shall
be computed at the times and in the manner specified in the Fund’s Offering Materials.
9. Records; Visits.
(a) The
Books and Records (as defined below) pertaining to each Fund and such Fund’s Series which are in
the possession or under the control of BNY Mellon shall be the property of the Fund. The Fund and Authorized
Persons shall have access to such Books and Records at all times during BNY Mellon’s normal business
hours. Upon the reasonable request of the Fund, copies of any such Books and Records shall be provided
by BNY Mellon to the Fund or to an Authorized Person, with the expense associated therewith to be borne
as mutually agreed upon between the parties hereto.
(b) BNY
Mellon shall keep all books and records related to the services provided to the Fund hereunder, including
with respect to each Fund’s books of account, records of each Fund’s securities transactions,
that BNY Mellon is required to maintain pursuant
25
to Rule 31a-1 of the 1940 Act in connection with the services provided hereunder
(“Books and Records”) for the period required by applicable Securities Laws. If a Fund desires
to retain any such Books and Records longer than the period set forth in this Section 9, then upon written
notice of the Fund’s desire to retain such Books and Records, BNY Mellon shall cooperate with the
Fund by providing any such requested Books and Records to the Fund.
10. Term of Agreement.
(a) This
Agreement shall be effective on the date first written above and, unless terminated pursuant to its terms,
shall continue until 11:59 PM (Eastern time) on the date which is the tenth (10th)
anniversary of such date (the “Initial Term”), at which time this Agreement shall terminate,
unless renewed in accordance with the terms hereof.
(b) This
Agreement shall automatically renew for successive terms of one (1) year each (each, a “Renewal
Term”), unless the Fund or BNY Mellon gives written notice to the other party of its intent not
to renew and such notice is received by the other party not less than ninety (90) days prior to the expiration
of the Initial Term or the then-current Renewal Term (a "Non-Renewal Notice"). In the event a party
provides a Non-Renewal Notice, this Agreement shall terminate with respect to the Fund at 11:59 PM (Eastern
time) on the last day of the Initial Term or Renewal Term, as applicable.
(c) Termination
for Convenience.
The Fund may terminate
this Agreement for any reason whatsoever in its sole and absolute discretion by delivering a termination
notice to BNY Mellon at least ninety (90) calendar days prior to the effective date of termination, provided
that
the Fund shall pay BNY Mellon, as BNY Mellon’s sole and exclusive remedy for such a termination
for convenience, the applicable termination fee calculated pursuant to Schedule V; further
provided,
however, there shall be no payment of a penalty or termination fee for the following:
(i) where such termination for convenience is required by a governmental authority,
and in such case, the notice period shall be reduced as necessary to meet the requirements of such governmental
authority;
(ii) if the Fund is liquidated, effective
as of the liquidation date;
(iii) effective upon the effective date
of any merger or reorganization of the Fund with or into another fund advised by TRP (other than in connection
with an acquisition or
26
merger of TRP into, with or by another entity that results in the termination
of this Agreement by the Fund and the replacement of BNY Mellon by another third party service provider
in the provision of services similar to those provided in this Agreement);
(iv) termination by the
Fund if the Board reasonably determines, in good faith, that an event that has occurred with respect
to BNY Mellon that the Board reasonably believes would cause a material adverse effect on BNY Mellon's
ability to perform its duties and/or obligations under this Agreement and that the failure to terminate
this Agreement would cause the Board to be in breach of its fiduciary obligations under applicable law;
provided
that the Board has provided written notice to BNY Mellon of its intent to terminate the agreement pursuant
to this provision, which notice shall specify the basis for such determination, and provided that the
events giving rise to such termination notice have not been cured within sixty (60) calendar days following
such notice to BNY Mellon; and further provided that no such determination
to terminate shall be based in whole or in part on the compensation paid to BNY Mellon pursuant to this
Agreement;
(v) in the event that the conversion of
all of the services from TRP’s systems to BNY Mellon’s systems is not substantially completed
by the date that is two (2) years from the Effective Date, upon at least one hundred twenty (120) days’
prior notice to BNY Mellon; provided, that to the extent the failure to substantially complete the conversion
is caused by BNY Mellon such termination shall be treated as a termination for cause and the Fund shall
be entitled to recover damages (including the recovery of platform fees previously charged to the Funds
pursuant to this Agreement) and be reimbursed for Costs and Expenses (as defined below) only to the extent
such failure was caused by BNY Mellon;
(vi) if BNY Mellon is subject
to a Regulatory Event; “Regulatory Event” is defined with respect to BNY Mellon as any governmental
or regulatory action that limits, suspends, or terminates the rights, privileges or operation of BNY
Mellon in a manner that would result in a material adverse effect on the ability of BNY Mellon to perform
its duties and/or obligations under this Agreement or any governmental or regulatory investigation determined
against BNY Mellon that would result in a material adverse effect on the ability of BNY Mellon to perform
its duties and/or obligations under this Agreement;
(vii)
a Force Majeure Termination; or
(viii) upon the occurrence
of a Specified Convenience Event.
27
(d) The
Fund’s Termination for Cause.
Unless otherwise expressly
agreed to by the Fund and BNY Mellon in writing, the Fund in its sole and absolute discretion may, by
delivering a termination notice to BNY Mellon at least thirty (30) calendar days prior to the effective
date of termination, terminate this Agreement for cause (and without the payment by the Fund of a termination
fee or penalty) if BNY Mellon:
(i) commits a material breach of this Agreement
and fails to cure such breach within thirty (30) calendar days after the date of any termination notice
from the Fund;
(ii) commits a material breach of this Agreement
which is not capable of being cured within a ninety (90) calendar day period;
(iii)
commits numerous or repeated breaches of its duties and/or obligations under this Agreement, which, regardless
of whether they have been or could be cured, collectively constitute a material breach of this Agreement;
(iv) commits a Specified Cause Event; or
(v)
is subject to an Act of Insolvency; “Act of Insolvency” is defined as: (i) the commencement
by BNY Mellon as debtor of any case or proceeding under any bankruptcy, insolvency, reorganization, liquidation,
dissolution or similar law, or BNY Mellon seeking the appointment of a receiver, trustee, custodian or
similar official for BNY Mellon or substantial part of its property; (ii) the appointment of a receiver,
conservator, or manager for BNY Mellon by any government agency or authority having the jurisdiction
to do so; (iii) the commencement of any such case or proceeding against BNY Mellon, which (a) is consented
to or not timely contested by BNY Mellon, (b) results in the entry of an order for relief, such an appointment,
the issuance of such a protective decree or the entry of an order having a similar effect, or (c) is
not dismissed within 60 days; (iv) the making or offering by BNY Mellon of a composition with its creditors
or a general assignment for the benefit of creditors; (v) the admission by BNY Mellon of its inability
to pay its debts or discharge its obligations as they become due or mature; or (vi) any governmental
authority or agency or any person, agency or entity acting under governmental authority shall have taken
any action to condemn, seize or appropriate, or to assume custody or control of, all or any substantial
part of the property of BNY Mellon.
(e) BNY
Mellon’s Termination for Cause
28
Unless otherwise expressly agreed to by the Fund(s) and BNY
Mellon in writing, BNY Mellon in its sole and absolute discretion may, by delivering a termination notice
to the applicable Fund(s) at least ninety (90) calendar days prior to the effective date of termination,
terminate this Agreement for cause (and without the payment of a termination fee or penalty by BNY Mellon)
with respect to a Fund or Funds only if such Fund(s):
(i)
fails to make payments due hereunder when due, which failure remains uncured for thirty (30) calendar
days after the date of any notice from BNY Mellon of such failure unless being contested in good faith,
or
(ii) is subject to an Act of Insolvency; “Act of Insolvency”
is defined as: (i) the commencement by such Fund(s) as debtor of any case or proceeding under any bankruptcy,
insolvency, reorganization, liquidation, dissolution or similar law, or such Fund(s) seeking the appointment
of a receiver, trustee, custodian or similar official for such Fund(s) or substantial part of its property;
(ii) the appointment of a receiver, conservator, or manager for such Fund(s) by any government agency
or authority having the jurisdiction to do so; (iii) the commencement of any such case or proceeding
against such Fund(s), which (a) is consented to or not timely contested by such Fund(s), (b) results
in the entry of an order for relief, such an appointment, the issuance of such a protective decree or
the entry of an order having a similar effect, or (c) is not dismissed within 60 days; (iv) the making
or offering by such Fund(s) of a composition with its creditors or a general assignment for the benefit
of creditors; (v) the admission by such Fund(s) of its inability to pay its debts or discharge its obligations
as they become due or mature; or (vi) any governmental authority or agency or any person, agency or entity
acting under governmental authority shall have taken any action to condemn, seize or appropriate, or
to assume custody or control of, all or any substantial part of the property of such Fund(s).
For the avoidance of doubt, terminating this Agreement for cause by BNY Mellon
with respect to one Fund shall not have any effect on the obligations of BNY Mellon to any other Fund
under this Agreement.
(f) Costs
and Expenses of Termination
If a Fund terminates this
Agreement with respect to such Fund at any time pursuant to Section 10(c)(v), 10(c)(vi) or 10(d) above,
then BNY Mellon shall reimburse such Fund for any Costs and Expenses incurred by such Fund in connection
with converting such Fund to a successor service provider (including TRP, if applicable), including without
limitation the
29
delivery to such successor service provider, such Fund and/or other of the Fund’s
service providers any of such Fund’s property, records, data, instruments and documents; provided,
that, with respect to a termination pursuant to Section 10(c)(v), BNY Mellon shall be required to reimburse
the Fund for such Costs and Expenses only to the extent that the failure to substantially complete the
conversion of all of the services from TRP’s systems to BNY Mellon’s systems is caused by
BNY Mellon. For purposes of this Section 10(f), “Costs and Expenses” shall mean any actual,
provable, reasonable, customary and direct out-of-pocket costs and expenses incurred by such Fund. Costs
and Expenses shall not include, and in no event shall BNY Mellon be liable under this Agreement for,
any lift-out expenses or platform development costs for the successor service provider or any wind-down
costs of the Fund or any Fund Affiliate, including, without limitation, non-cancelable payments or termination
charges regarding hosting and/or any other subcontracted services. The Fund must provide BNY Mellon with
written evidence of the Costs and Expenses before BNY Mellon is obligated to pay them. The Fund also
has a duty to mitigate, and must exercise its duty to mitigate, such Costs and Expenses.
11. Amendment.
This Agreement may not be amended, changed or modified in any
manner except by a written agreement executed by BNY Mellon and the Fund to be bound thereby, and authorized
or approved by such Fund’s Board.
12. Assignment; Subcontracting.
(a) Except
as expressly provided in Section 12(b) below, this Agreement shall not be assignable or delegable, whether
by merger, operation of law or otherwise, by any Fund without the written consent of BNY Mellon, or by
BNY Mellon without the written consent of the affected Fund, in each case which consent may not be unreasonably
withheld. This Agreement shall extend to and shall be binding upon the Parties hereto, and their permitted
successors and assigns.
(b) Notwithstanding
the foregoing: (i) BNY Mellon may assign or transfer this Agreement to any BNY Mellon Affiliate or
transfer this Agreement in connection with a sale of a majority or more of its
assets, equity interests or voting control, provided that BNY Mellon gives the relevant Funds ninety (90)
days' prior written notice of such assignment or transfer and such assignment or transfer does not impair
the provision of services under this Agreement in any material respect, and the assignee or transferee
agrees in writing to be bound by all terms of this
30
Agreement
in place of BNY Mellon; (ii) BNY Mellon may subcontract with, hire, engage or otherwise outsource to
any BNY Mellon Affiliate with respect to the performance of any one or more of the functions, services,
duties or obligations of BNY Mellon under this Agreement but any such subcontracting, hiring, engaging
or outsourcing shall not relieve BNY Mellon of any of its liabilities or obligations hereunder and BNY
Mellon shall remain responsible for all activities, including all acts and omissions, of such BNY Mellon
Affiliates to the same extent as if such activities were performed by BNY Mellon; (iii) BNY Mellon may
subcontract with, hire, engage or otherwise outsource to an unaffiliated third party with respect to
the performance of any one or more of the functions, services, duties or obligations of BNY Mellon under
this Agreement but any such subcontracting, hiring, engaging or outsourcing shall (A) require the prior
written consent of the relevant Funds and (B) not relieve BNY Mellon of any of its liabilities hereunder;
and (iv) BNY Mellon, in the course of providing certain additional services requested by a Fund (“Vendor
Eligible Services”) as further described in Schedule I attached hereto, may in its sole discretion,
enter into an agreement or agreements with a financial printer or electronic services provider (“Vendor”)
to provide BNY Mellon with the ability to generate certain reports or provide certain functionality;
provided,
however,
that BNY Mellon shall ensure prior to any assignment, transfer, subcontracting, hiring, engaging or other
outsourcing, as applicable, under subsections (i) through (iv) that the applicable BNY Mellon Affiliate,
unaffiliated third party or Vendor is subject to written confidentiality, security and data protection
obligations at least as restrictive as those set forth in this Agreement. BNY Mellon
shall not be obligated to perform any of the Vendor Eligible Services unless an agreement between BNY
Mellon and the Vendor for the provision of such services is then-currently in effect. Upon request,
BNY Mellon will disclose the identity of the Vendor and the status of the contractual relationship, and
a Fund is free to attempt to contract directly with the Vendor for the provision of the Vendor Eligible
Services.
(c) As compensation for the Vendor Eligible Services
rendered by BNY Mellon pursuant to this Agreement, the applicable Fund will pay to BNY Mellon such fees
as may be agreed to in writing by the Fund and BNY Mellon. In turn, BNY Mellon will be responsible for
paying the Vendor’s fees. For the avoidance of doubt, BNY Mellon anticipates that the fees it
charges hereunder will be more than the fees charged to it by the Vendor, and BNY Mellon will retain
the difference between the amount paid to BNY Mellon hereunder and the fees BNY Mellon pays to the Vendor
as compensation for the additional services provided by BNY Mellon in the course of making the Vendor
Eligible Services available to the Fund.
31
13. Governing Law; Consent to Jurisdiction.
This
Agreement shall be construed in accordance with the laws of the State of New York, without regard to
conflict of laws principles thereof. Each party hereby consents to the jurisdiction of a state or federal
court situated in New York City, New York in connection with any dispute arising hereunder, and waives
to the fullest extent permitted by law its right to a trial by jury. To the extent that in any jurisdiction
any party may now or hereafter be entitled to claim, for itself or its assets, immunity from suit, execution,
attachment (before or after judgment) or other legal process, such party irrevocably agrees not to claim,
and it hereby waives, such immunity.
14. Severability; No
Third Party Beneficiaries.
In case any provision
in or obligation under this Agreement shall be invalid, illegal or unenforceable in any jurisdiction,
the validity, legality and enforceability of the remaining provisions or obligations shall not in any
way be affected or impaired thereby, and if any provision is inapplicable to any person or circumstances,
it shall nevertheless remain applicable to all other persons and circumstances. A person who is not
a party to this Agreement shall have no rights to enforce any provision of this Agreement, and no Fund
shall have a right to enforce any provision of this Agreement as it relates to another Fund. BNY Mellon
shall not be responsible for any costs or fees charged to a Fund or an affiliate of a Fund by consultants,
counsel, auditors, public accountants or other service providers retained by the Fund or any such affiliate.
15. No Waiver.
Each
and every right granted to a party to this Agreement hereunder or under any other document delivered
hereunder or in connection herewith, or allowed it by law or equity, shall be cumulative and may be exercised
from time to time. No failure on the part of a party to exercise, and no delay in exercising, any right
will operate as a waiver thereof, nor will any single or partial exercise by the party of any right preclude
any other or future exercise thereof or the exercise of any other right.
16. Notices.
All notices, requests, consents and other communications pursuant
to this Agreement in writing shall be sent as follows:
32
if to a Fund, at
The T. Rowe Price Funds
100
East Pratt Street
Baltimore, Maryland 21202
Attention:
David Oestreicher
with a copy to:
Willkie
Farr & Gallagher LLP
787 Seventh Avenue
New
York, New York 10019
Attention: Margery K. Neale and Laura L.
Delanoy
if to BNY Mellon, at
BNY Mellon
103
Bellevue Parkway
Wilmington, Delaware 19809
Attention: Head of U.S. Fund Accounting
with a copy to:
The
Bank of New York Mellon
225 Liberty Street
New York, New York 10286
Attention:
Legal Dept. – Asset Servicing
or at such other place as may from time to
time be designated in writing. Notices hereunder shall be effective upon receipt.
17. Several Obligations.
The parties acknowledge that the rights and obligations of the
Funds hereunder are several and not joint, that no Fund shall be liable for any amount owing by another
Fund and that the Funds have executed one instrument for convenience only.
18. Confidentiality.
(a) Each party shall keep
confidential any information relating to the other party’s business (“Confidential Information”),
except as otherwise permitted hereunder or as expressly agreed in writing by the protected party. Confidential
Information shall include (a) any data or information that is competitively sensitive material, and not
generally known to the public, including, but not limited to, information about product plans, marketing
strategies, finances,
33
operations, customer relationships, customer profiles, customer lists, sales estimates,
business plans, portfolio holdings and transaction information and internal performance results relating
to the past, present or future business activities of a such party and its subsidiaries and affiliated
companies; (b) any scientific or technical information, design, process, procedure, formula or improvement
that is commercially valuable and secret in the sense that its confidentiality affords such party a competitive
advantage over its competitors; (c) all confidential or proprietary concepts, documentation, reports,
data, specifications, computer software, source code, object code, flow charts, databases, inventions,
know-how and trade secrets, whether or not patentable or copyrightable; (d) any information or data with
respect to the shareholders of a Fund, including information that can be used to identify an individual
(e.g., a social security number); (e) information from third party vendors; and (f) anything designated
as confidential. Notwithstanding the foregoing, as between BNY Mellon and a particular Fund information
shall not be subject to such confidentiality obligations if it: (a) is already known to the receiving
party and is not subject to a duty of confidentiality at the time it is obtained; (b) is or becomes publicly
known or available through no wrongful act of the receiving party; (c) is rightfully received from a
third party who, to the best of the receiving party’s knowledge, is not under a duty of confidentiality;
(d) is released with the protected party’s prior written consent; (e) is requested or required
to be disclosed by the receiving party pursuant to a court order, subpoena, governmental or regulatory
authority request or law, provided the receiving party provides the protected party with reasonable assistance
and notice, when legally and practically possible to do so, for the protected party to attempt to obtain
a protective order or other confidential treatment at the protected party’s expense (it being understood
that no prior notice shall be required in connection with the disclosure of information by the receiving
party in response to a request from its regulators) and the receiving party discloses only that portion
of the Confidential Information which is legally required to be disclosed; or (f) has been or is independently
developed or obtained by the receiving party. Provisions authorizing the disclosure of information shall
survive any termination of this Agreement. The obligations set forth in this Section 18 shall survive
any termination of this Agreement for a period of two (2) years after such termination.
(b) Notwithstanding the foregoing,
(i) BNY Mellon may disclose
relevant aspects of the Fund’s Confidential Information to its and BNY Mellon Affiliates’
officers, directors, professional advisors, counsel,
34
personnel, subcontractors and third party vendors (each, a “BNY Mellon Representative”
and collectively, the “BNY Mellon Representatives”), to the extent that such disclosure is
reasonably necessary for the performance of its duties and obligations under this Agreement. BNY Mellon
shall take all reasonable measures to ensure that the Fund’s Confidential Information is not disclosed
or duplicated in contravention of the provisions of this Agreement by such BNY Mellon Representatives
and all such BNY Mellon Representatives shall be (A) informed by BNY Mellon of the confidential nature
of such Confidential Information and of the confidentiality undertakings of BNY Mellon contained herein
and (B) bound by either one or both of (I) written confidentiality obligations or (II) confidentiality
obligations under the applicable BNY Mellon code of conduct or similar binding policy, in each case that
are at least as restrictive as those by which BNY Mellon is bound as contained herein. BNY Mellon may
also disclose relevant aspects of the Fund’s Confidential Information to TRP to the extent that
such disclosure is reasonably necessary for the performance of the services contemplated hereunder.
BNY Mellon shall be responsible for any breach of this Agreement by BNY Mellon Representatives.
(ii) The Fund may disclose
relevant aspects of BNY Mellon’s Confidential Information to Fund Affiliates or TRP and their respective
officers, directors, professional advisors, counsel, personnel, subcontractors and third party vendors
(each, a “TRP Representative” and collectively, the “TRP Representatives”), to
the extent that such disclosure is reasonably necessary for the receipt and use of the services under
this Agreement. The Fund shall take all reasonable measures to ensure that BNY Mellon’s Confidential
Information is not disclosed or duplicated in contravention of the provisions of this Agreement by such
TRP Representatives and all such TRP Representatives shall be (A) informed by the Fund of the confidential
nature of such Confidential Information and of the confidentiality undertakings of the Fund contained
herein and (B) bound by either one or both of (I) written confidentiality obligations or (II) confidentiality
obligations under the applicable TRP code of conduct or similar binding policy, in each case that are
at least as restrictive as those by which the Fund is bound as contained herein. The Fund shall be responsible
for any breach of this Agreement by TRP Representatives.
(c) Notwithstanding anything contained in this
Section 18, BNY Mellon will not engage in proprietary trading based on non-public portfolio holdings
or transaction information of the Fund.
35
19. Counterparts.
This
Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original,
but such counterparts together shall constitute only one instrument.
36
No Publicity.
A party to this Agreement shall not use the name or marks of,
refer to, or identify the other party (or any related entity) in any publicity releases, interviews,
promotional or marketing materials, public announcements, testimonials or advertising without the prior
written approval of authorized representatives of the other party (which approval a party may withhold
in its sole discretion), except no such written approval is required to the extent any such disclosure
is required by law. BNY Mellon may identify the Fund(s) as a client in client lists, provided that the
Fund(s) name is no more prominent than any other client on such list(s). A party may withdraw such consent
at any time.
21. Parties’ Relationship.
The
parties to the Agreement are independent parties. BNY Mellon, in furnishing the Services, is acting
as an independent contractor. BNY Mellon has the sole right and obligation to supervise, manage, contract,
direct, procure, perform or cause to be performed, all work to be performed by BNY Mellon and its employees,
agents, independent contractors and other representatives under the Agreement. At no time shall any
such individuals represent himself or herself as an employee of a Fund or be considered an employee of
a Fund. BNY Mellon is not a joint venturer with, nor an employee, agent or partner of the Funds and
has no authority to represent or bind the Funds as to any matters.
22. Covenant of Good
Faith.
Each party to this Agreement acknowledges and agrees, in its
dealings with the other party under or in connection with this Agreement, including the performance of
all obligations and the exercise of all rights under this Agreement, it shall comply with the fundamental
principle of good faith and fair dealing.
23. Invalidity.
If any of the provisions of this Agreement becomes invalid,
illegal or unenforceable in any respect under any law, the validity, legality and enforceability of the
remaining provisions shall not be affected or impaired.
24. The Parties.
All references herein to “the Fund” are to each
of the Funds listed on Exhibit A
37
individually or any class thereof, as if this Agreement were between such individual
Fund and BNY Mellon. In the case of a series Fund or trust or a separate class of shares, all references
to “the Fund” are to the individual series, portfolio or class of such Fund or trust, or
to such Fund or trust on behalf of the individual series, portfolio or class, as appropriate. The “Fund”
also includes any T. Rowe Price Funds that may be established after the execution of this Agreement;
provided, however, upon notice to BNY Mellon of any such T. Rowe Price Funds established after the execution
of this Agreement, BNY Mellon and the applicable fund shall cooperate in good faith to promptly execute
a written addendum to this Agreement adding such fund, and BNY Mellon shall not be obligated to commence
to provide services hereunder to such fund until such addendum has been executed by BNY Mellon and the
applicable fund. Any reference in this Agreement to a “party” or “Party” shall
mean BNY Mellon or such other individual Fund as to which the matter pertains individually, and to the
“parties” or “Parties” shall mean BNY Mellon and such other individual Fund as
to which the matter pertains collectively.
25. Directors, Trustees
and Shareholders and Massachusetts Business Trust.
It
is understood and is expressly stipulated that neither the holders of shares in the Fund nor any Directors
or Trustees of the Fund shall be personally liable hereunder.
With
respect to any Fund which is a party to this Agreement and which is organized as a Massachusetts business
trust (“Trust”), the term “Fund” means and refers to the trust established by
its applicable trust agreement (Declaration of Trust) as the same may be amended from time to time.
It is expressly agreed that the obligations of any such Trust hereunder shall not be binding upon any
of the trustees, shareholders, nominees, officers, agents or employees of the Trust, personally, but
bind only the trust property of the Trust, as provided in the Declaration of Trust of the Trust. The
execution and delivery of this Agreement has been authorized by the trustees and signed by an authorized
officer of the Trust, acting as such, and neither such authorization by such Trustees nor such execution
and delivery by such officer shall be deemed to have been made by any of them, but shall bind only the
trust property of the Trust as provided in its Declaration of Trust.
26. Rules of Construction.
(a) Language.
This Agreement is in the English language only, which language shall be controlling in all respects,
and all versions of this Agreement in any other language shall be for accommodation only and shall not
be binding upon the parties. All
38
communication, notices, or other documents to be made, given, or approved pursuant
to this Agreement shall be made in the English language.
(b) Use
of Certain Words. Unless the context requires otherwise:
(i.) “including” (and any of its derivative forms) means
including but not limited to;
(ii.) “may”
means has the right, but not the obligation to do something and “may not” means does not
have the right to do something;
(iii.) “shall”
and “will” are expressions of command, not merely expressions of future intent or expectation;
(iv.) “written”
or “in writing” is used for emphasis in certain circumstances, but that shall not derogate
from the general application of the notice requirements set forth in Section 16 in those and other circumstances;
and
(v.) use
of the singular imports the plural and vice versa.
(c) Interpretation.
The terms and conditions of this Agreement are the result of negotiations between the Parties. The
Parties intend that this Agreement shall not be construed in favor of or against any Party by reason
of the extent to which any Party or its professional advisors participated in the preparation or drafting
of this Agreement.
(d) Headings
and Article, Section and Exhibit References. The Article and Section headings are for reference and convenience
only and shall not be considered in the interpretation of this Agreement. Unless otherwise indicated,
Article or Section references are to Articles or Sections of the document in which the reference is contained.
References to numbered Articles or Sections of this Agreement also refer to and include all subsections
of the referenced Article or Section. References to Appendices, Exhibits or Schedules of this Agreement
also refer to and include all attachments of the referenced Appendix, Exhibit or Schedule.
(e) Order of Precedence.
If a conflict occurs between this Agreement and any Appendix, Exhibit or Schedule, unless otherwise
specifically stated in the Appendices, Exhibits or Schedules, the order of precedence shall be:
(i) First, this Agreement;
39
(ii) Second, Schedule I and the Appendices thereto; and
(iii) Third, any other Appendix, Exhibit or Schedule.
provided,
however, that this Agreement shall control if a conflict occurs between this Agreement and any Appendix,
Exhibit or Schedule and the NAV Error Policy, except as expressly set forth in the NAV Error Policy.
(f) Covenant of Further
Assurances. The Funds and BNY Mellon covenant and agree that, subsequent to the execution
and delivery of this Agreement and, without any additional consideration, each of the Funds and BNY Mellon
shall execute and deliver any further legal instruments and perform any acts that may be reasonably required
to confirm and effectuate the validity and enforceability of this Agreement.
(g) Survival. Any and all provisions of this Agreement
which by their nature or effect are required or intended to be observed, kept, or performed after the
expiration or termination of this Agreement shall survive the expiration or any termination of this Agreement
and remain binding upon and for the parties’ benefit.
[Signature Page Follows.]
40
IN WITNESS WHEREOF, the parties hereto have caused the foregoing instrument to
be executed by their duly authorized officers and their seals to be hereunto affixed, all as of the day
and year first above written.
| | |
| | By: /s/David Oestreicher on behalf of each Fund
identified on Exhibit A attached hereto |
| | Name:
/s/David Oestreicher Title: Vice President |
| | T. ROWE PRICE ASSOCIATES,
INC. solely with respect to the representations and warranties provided at Section
3(c) |
| | By: /s/William Strickland Name: /s/William Strickland Title:
Vice President |
| | THE BANK OF NEW YORK MELLON |
| | By: /s/Samir Pandiri Name:
/s/Samir Pandiri Title: CEO Asset Servicing |
| | Date: 7/30/15 |
[Signature
Page to Fund Accounting Agreement]
41
EXHIBIT
A
List of Funds/Portfolios
| | | | |
Mutual Fund Entity
Name | Reference
ID | Entity Type |
'40
Act Registered Funds | | |
T. Rowe Price Balanced Fund, Inc. | BAL | Mutual Fund |
T.
Rowe Price Blue Chip Growth Fund, Inc. | BCG | Mutual
Fund - Parent |
T. Rowe Price California Tax-Free Income Trust | CAT | Mutual
Fund - Parent |
| | California
Tax-Free Bond Fund | CAB | Mutual
Fund - Series |
| | California
Tax-Free Money Fund | CAM | Mutual
Fund - Series |
T. Rowe Price Capital Appreciation Fund | CAF | Mutual
Fund - Parent |
T. Rowe Price Capital Opportunity Fund, Inc. | COF | Mutual
Fund - Parent |
T. Rowe Price Corporate Income Fund, Inc. | CIF | Mutual
Fund |
T. Rowe Price Credit Opportunities Fund, Inc. | CRO | Mutual
Fund - Parent |
T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. | DMG | Mutual Fund |
T.
Rowe Price Diversified Small-Cap Growth Fund, Inc. | DSG | Mutual
Fund |
T. Rowe Price Dividend Growth Fund, Inc. | DGF | Mutual
Fund - Parent |
T. Rowe Price Equity Income Fund | EIF | Mutual
Fund - Parent |
T. Rowe Price Equity Series, Inc. | EQS | Mutual
Fund - Parent |
| | T. Rowe
Price Blue Chip Growth Portfolio | BCP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Income Portfolio | EIP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Index 500 Portfolio | EXP | Mutual
Fund - Series |
| | T. Rowe
Price Health Sciences Portfolio | HSP | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Growth Portfolio | MGP | Mutual
Fund - Series |
| | T. Rowe
Price New America Growth Portfolio | NAP | Mutual
Fund - Series |
| | T.
Rowe Price Personal Strategy Balanced Portfolio | PSP | Mutual Fund - Series |
42
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price Financial
Services Fund, Inc. | FSF | Mutual
Fund |
T. Rowe Price Fixed Income Series, Inc. | FIS | Mutual
Fund - Parent |
| | T. Rowe
Price Limited-Term Bond Portfolio | LTP | Mutual
Fund - Series |
| | T. Rowe
Price Prime Reserve Portfolio | PRP | Mutual
Fund - Series |
T. Rowe Price Floating Rate Fund, Inc. | FRI | Mutual
Fund - Parent |
T. Rowe Price Global Allocation Fund, Inc. | GAF | Mutual
Fund – Parent |
T. Rowe Price Global Multi-Sector Bond Fund, Inc. | SNF | Mutual Fund – Parent |
T.
Rowe Price Global Real Estate Fund, Inc. | GRE | Mutual
Fund - Parent |
T. Rowe Price Global Technology Fund, Inc. | GTF | Mutual
Fund |
T. Rowe Price GNMA Fund | GMA | Mutual
Fund |
T. Rowe Price Growth & Income Fund, Inc. | GIF | Mutual
Fund |
T. Rowe Price Growth Stock Fund, Inc. | GSF | Mutual
Fund - Parent |
T. Rowe Price Health Sciences Fund, Inc. | HSF | Mutual
Fund |
T. Rowe Price High Yield Fund, Inc. | HYF | Mutual
Fund - Parent |
T. Rowe Price Index Trust, Inc. | INDX | Mutual
Fund - Parent |
| | T. Rowe
Price Equity Index 500 Fund | EXF | Mutual
Fund - Series |
| | T. Rowe
Price Extended Equity Market Index Fund | XMX | Mutual
Fund - Series |
| | T. Rowe
Price Total Equity Market Index Fund | TMX | Mutual
Fund - Series |
T. Rowe Price Inflation Focused Bond Fund, Inc. | STI | Mutual Fund |
T.
Rowe Price Inflation Protected Bond Fund, Inc. | IPB | Mutual
Fund |
T. Rowe Price Institutional Equity Funds, Inc. | IEF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Large-Cap Core Growth Fund | LCC | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Large-Cap Growth Fund | LCG | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Large-Cap Value Fund | LCV | Mutual
Fund - Series |
| | T.
Rowe Price Institutional Mid-Cap Equity Growth Fund | MCE | Mutual Fund - Series |
43
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | T.
Rowe Price Institutional Small-Cap Stock Fund | SCI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional U.S. Structured Research Fund | IRF | Mutual
Fund - Series |
T. Rowe Price Institutional Income Funds, Inc. | IINCF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Core Plus Fund | ICP | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Credit Opportunities Fund | ICO | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Floating Rate Fund | IFR | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Multi-Sector Bond Fund | IGM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional High Yield Fund | HYI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Long Duration Credit Fund | LDC | Mutual
Fund - Series |
T. Rowe Price Institutional International Funds, Inc. | IIF | Mutual Fund - Parent |
| | T. Rowe Price Institutional Africa & Middle
East Fund | IAM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Bond Fund | IEB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Equity Fund | IEM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Frontier Markets Equity Fund | IFM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Focused Growth Equity Fund | IGE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Growth Equity Fund | IGL | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Value Equity Fund | IGV | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Bond Fund | IIB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Concentrated Equity Fund | ICE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Core Equity Fund | IIC | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Growth Equity Fund | FEF | Mutual
Fund - Series |
T. Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | ITF | Mutual Fund - Parent |
T. Rowe Price International
Funds, Inc. | PIF | Mutual
Fund - Parent |
44
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | T.
Rowe Price Africa & Middle East Fund | AME | Mutual
Fund - Series |
| | T. Rowe
Price Asia Opportunities Fund | AOF | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Europe Fund | EEM | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Bond Fund | EMB | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Corporate Bond Fund | EMC | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Currency Bond Fund | EML | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Stock Fund | EMS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Value Stock Fund | EMV | Mutual
Fund – Series |
| | T. Rowe
Price European Stock Fund | ESF | Mutual
Fund - Series |
| | T. Rowe
Price Global Growth Stock Fund | GLE | Mutual
Fund - Series |
| | T. Rowe
Price Global High Income Bond Fund | GHI | Mutual
Fund - Series |
| | T. Rowe
Price Global Industrials Fund | IND | Mutual
Fund - Series |
| | T. Rowe
Price Global Stock Fund | GLS | Mutual
Fund - Series |
| | T. Rowe
Price Global Unconstrained Bond Fund | GUN | Mutual
Fund - Series |
| | T. Rowe
Price International Bond Fund | IBF | Mutual
Fund - Series |
| | T. Rowe
Price International Concentrated Equity Fund | ICN | Mutual
Fund - Series |
| | T. Rowe
Price International Discovery Fund | IDF | Mutual
Fund - Series |
| | T. Rowe
Price International Growth & Income Fund | IGI | Mutual
Fund - Series |
| | T. Rowe
Price International Stock Fund | ISF | Mutual
Fund - Series |
| | T. Rowe
Price Japan Fund | JAF | Mutual
Fund - Series |
| | T. Rowe
Price Latin America Fund | LAM | Mutual
Fund - Series |
| | T. Rowe
Price New Asia Fund | NAS | Mutual
Fund - Series |
| | T. Rowe
Price Overseas Stock Fund | OSF | Mutual
Fund - Series |
T. Rowe Price International Index Fund, Inc. | IIXF | Mutual
Fund - Parent |
| | T.
Rowe Price International Equity Index Fund | IXF | Mutual Fund - Series |
45
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price International
Series, Inc. | INS | Mutual
Fund - Parent |
| | T. Rowe
Price International Stock Portfolio | ISP | Mutual
Fund - Series |
T. Rowe Price Media & Telecommunications Fund, Inc. | MTF | Mutual Fund |
T.
Rowe Price Mid-Cap Growth Fund, Inc. | MCG | Mutual
Fund - Parent |
T. Rowe Price Mid-Cap Value Fund, Inc. | MCV | Mutual
Fund - Parent |
T. Rowe Price Multi-Sector Account Portfolios, Inc. | MAPS | Mutual Fund - Parent |
| | T. Rowe Price Emerging Markets Corporate Multi-Sector
Account Portfolio | EBS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Multi-Sector Account Portfolio | ELS | Mutual
Fund - Series |
| | T. Rowe
Price Floating Rate Multi-Sector Account Portfolio | FRS | Mutual
Fund - Series |
| | T. Rowe
Price High Yield Multi-Sector Account Portfolio | HYS | Mutual
Fund - Series |
| | T. Rowe
Price Investment-Grade Corporate Multi-Sector Account Portfolio | IGS | Mutual
Fund - Series |
| | T. Rowe
Price Mortgage-Backed Securities Multi-Sector Account Portfolio | MBS | Mutual
Fund - Series |
T. Rowe Price New America Growth Fund | NAG | Mutual
Fund - Parent |
T. Rowe Price New Era Fund, Inc. | NEF | Mutual
Fund |
T. Rowe Price New Horizons Fund, Inc. | NHF | Mutual
Fund – Parent |
T. Rowe Price New Income Fund, Inc. | NIF | Mutual
Fund – Parent |
T. Rowe Price Personal Strategy Funds, Inc. | PER | Mutual
Fund – Parent |
| | T. Rowe
Price Personal Strategy Balanced Fund | PSB | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Growth Fund | PSG | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Income Fund | PSI | Mutual
Fund - Series |
T. Rowe Price Prime Reserve Fund, Inc. | PRF | Mutual
Fund |
T.
Rowe Price Real Assets Fund, Inc. | RAF | Mutual Fund – Parent |
46
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price Real Estate
Fund, Inc. | REF | Mutual
Fund – Parent |
T. Rowe Price Reserve Investment Funds, Inc. | RESFDS | Mutual
Fund – Parent |
| | T. Rowe
Price Government Reserve Investment Fund | GRS | Mutual
Fund - Series |
| | T. Rowe
Price Reserve Investment Fund | RES | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Government Reserve Fund | GRI | Mutual
Fund – Series |
| | T. Rowe
Price Short-Term Reserve Fund | REI | Mutual
Fund - Series |
T. Rowe Price Science & Technology Fund, Inc. | STF | Mutual Fund – Parent |
T.
Rowe Price Short-Term Bond Fund, Inc. | STB | Mutual
Fund - Parent |
| | T. Rowe
Price Ultra Short-Term Bond Fund | SBF | Mutual
Fund - Series |
T. Rowe Price Small-Cap Stock Fund, Inc. | SCS | Mutual
Fund - Parent |
T. Rowe Price Small-Cap Value Fund, Inc. | SCV | Mutual
Fund - Parent |
T. Rowe Price State Tax-Free Income Trust | STT | Mutual
Fund - Parent |
| | Georgia
Tax-Free Bond Fund | GAB | Mutual
Fund - Series |
| | Maryland
Short-Term Tax-Free Bond Fund | MDS | Mutual
Fund - Series |
| | Maryland
Tax-Free Bond Fund | MDB | Mutual
Fund - Series |
| | Maryland
Tax-Free Money Fund | MDM | Mutual
Fund - Series |
| | New Jersey
Tax-Free Bond Fund | NJB | Mutual
Fund - Series |
| | New York
Tax-Free Bond Fund | NYB | Mutual
Fund - Series |
| | New York
Tax-Free Money Fund | NYM | Mutual
Fund - Series |
| | Virginia
Tax-Free Bond Fund | VAB | Mutual
Fund - Series |
T. Rowe Price Summit Funds, Inc. | SIF | Mutual
Fund - Parent |
| | T. Rowe
Price Summit Cash Reserves Fund | SCR | Mutual
Fund - Series |
T. Rowe Price Summit Municipal Funds, Inc. | SMF | Mutual
Fund - Parent |
| | T. Rowe
Price Summit Municipal Income Fund | SMI | Mutual
Fund - Series |
| | T.
Rowe Price Summit Municipal Intermediate Fund | SMT | Mutual Fund - Series |
47
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | T.
Rowe Price Summit Municipal Money Market Fund | SMM | Mutual
Fund - Series |
T. Rowe Price Tax-Efficient Funds, Inc. | TEF | Mutual
Fund - Parent |
| | T. Rowe
Price Tax-Efficient Equity Fund | TMC | Mutual
Fund - Series |
T. Rowe Price Tax-Exempt Money Fund, Inc. | TEM | Mutual
Fund |
T. Rowe Price Tax-Free High Yield Fund, Inc. | TFH | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Income Fund, Inc. | TFI | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS | Mutual Fund - Parent |
| | T. Rowe Price Tax-Free Ultra Short-Term Bond
Fund | TUS | Mutual
Fund - Series |
T. Rowe Price U.S. Bond Enhanced Index Fund, Inc. | UBX | Mutual Fund |
T.
Rowe Price U.S. Large-Cap Core Fund, Inc. | LCF | Mutual
Fund - Parent |
T. Rowe Price U.S. Treasury Funds, Inc. | USTF | Mutual
Fund - Parent |
| | U.S.
Treasury Intermediate Fund | USI | Mutual
Fund - Series |
| | U.S.
Treasury Long-Term Fund | USL | Mutual
Fund - Series |
| | U.S.
Treasury Money Fund | UST | Mutual
Fund - Series |
T. Rowe Price Value Fund, Inc. | VAL | Mutual
Fund - Parent |
'40
Act Registered Fund of Funds |
T. Rowe Price Retirement Funds, Inc. | RDF | Mutual Fund - Parent |
| | T. Rowe Price Retirement 2005 Fund | RPJ | Mutual Fund - Series |
| | T. Rowe Price Retirement 2010 Fund | RPA | Mutual Fund - Series |
| | T. Rowe Price Retirement 2015 Fund | RPG | Mutual Fund - Series |
| | T. Rowe Price Retirement 2020 Fund | RPB | Mutual Fund - Series |
| | T. Rowe Price Retirement 2025 Fund | RPH | Mutual Fund - Series |
| | T. Rowe Price Retirement 2030 Fund | RPC | Mutual Fund - Series |
| | T. Rowe Price Retirement 2035 Fund | RPI | Mutual Fund - Series |
| | T.
Rowe Price Retirement 2040 Fund | RPD | Mutual Fund - Series |
48
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | T.
Rowe Price Retirement 2045 Fund | RPK | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2050 Fund | RPL | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2055 Fund | RPM | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2060 Fund | RPN | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced Fund | RPE | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2005 Fund—I Class | RBI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2010 Fund—I Class | RCI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2015 Fund—I Class | RDI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2020 Fund—I Class | RFI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2025 Fund—I Class | RGI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2030 Fund—I Class | RHI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2035 Fund—I Class | RII | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2040 Fund—I Class | RJI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2045 Fund—I Class | RKI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2050 Fund—I Class | RMI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2055 Fund—I Class | RNI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2060 Fund—I Class | ROI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced I Fund—I Class | RQI | Mutual
Fund - Series |
| | T. Rowe
Price Target Retirement 2005 Fund | TRA | Mutual
Fund - Series |
| | T. Rowe
Price Target Retirement 2010 Fund | TRB | Mutual
Fund - Series |
| | T. Rowe
Price Target Retirement 2015 Fund | TRC | Mutual
Fund - Series |
| | T. Rowe
Price Target Retirement 2020 Fund | TRD | Mutual
Fund - Series |
| | T. Rowe
Price Target Retirement 2025 Fund | TRE | Mutual
Fund - Series |
| | T. Rowe
Price Target Retirement 2030 Fund | TRG | Mutual
Fund - Series |
| | T.
Rowe Price Target Retirement 2035 Fund | TRH | Mutual Fund - Series |
49
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | T.
Rowe Price Target Retirement 2040 Fund | TRJ | Mutual
Fund - Series |
| | T. Rowe
Price Target Retirement 2045 Fund | TRL | Mutual
Fund - Series |
| | T. Rowe
Price Target Retirement 2050 Fund | TRM | Mutual
Fund - Series |
| | T. Rowe
Price Target Retirement 2055 Fund | TRN | Mutual
Fund - Series |
| | T. Rowe
Price Target Retirement 2060 Fund | TRO | Mutual
Fund - Series |
T. Rowe Price Spectrum Fund, Inc. | SPC | Mutual
Fund - Parent |
| | Spectrum
Growth Fund | SPG | Mutual
Fund - Series |
| | Spectrum
Income Fund | SPI | Mutual
Fund - Series |
| | Spectrum
International Fund | SPF | Mutual Fund - Series |
50
SCHEDULE
I
Schedule of Services
All services provided in
this Schedule of Services are subject to the review and approval of the appropriate Fund officers, Fund
counsel and accountants of each Fund, as may be applicable. The services included on this Schedule of
Services may be provided by BNY Mellon or a BNY Mellon Affiliate, collectively referred to herein as
“BNY Mellon”. Additionally, the services provided shall comply with generally accepted accounting
principles, regulatory requirements and/or such TRP policies and Instructions as applicable.
VALUATION SUPPORT
AND COMPUTATION ACCOUNTING SERVICES
BNY Mellon shall provide
the following valuation support and computation accounting services for each Fund:
Journalize investment, capital share and income and expense
activities;
Maintain
individual ledgers for investment securities;
Maintain historical tax lots for each security;
Corporate
action processing as more fully set forth in the SLDs;
Reconcile cash and investment balances of each Fund with the
Fund’s custodian or other counterparties as applicable;
Provide a Fund’s investment adviser, as applicable, with
the cash balance available for investment purposes at start-of-day and upon request, as agreed by the
parties;
Calculate
capital gains and losses;
Calculate daily distribution rate per share;
Determine net income;
Obtain security market quotes and currency exchange rates from
pricing services approved by a Fund’s investment adviser, or if such quotes are unavailable, then
obtain such prices from the Fund’s investment adviser, and in either case, calculate the market
value of each Fund’s investments in accordance with the Fund's valuation policies or guidelines;
provided, however, that BNY Mellon shall not under any circumstances be under a duty to independently
price or value any of the Fund's investments, including securities lending related cash collateral investments
(with the exception of the services provided hereunder to Funds utilized for such cash collateral investments),
itself or to confirm or validate any information or valuation provided by the investment adviser or any
other pricing source, nor shall BNY Mellon have any liability relating to inaccuracies or otherwise with
respect to such information or valuations; notwithstanding the foregoing, BNY Mellon shall follow the
established
51
procedures and controls to identify exceptions, tolerance
breaches, etc. and to research and resolve or escalate any pricing inaccuracies;
Application of the established automated price validation rules
against prices received from third party vendors and review of exceptions as identified;
Calculate
Net Asset Value in the manner specified in the Fund’s Offering Materials (which, for the service
described herein, shall include the Fund’s Net Asset Value error policy);
Calculate Accumulated Unit Values (“AUV”) for select
funds as mutually agreed upon between the parties;
Transmit or make available a copy of the daily portfolio valuation
to a Fund’s investment adviser;
Calculate yields, portfolio dollar-weighted average maturity
and dollar-weighted average life as applicable; and
Calculate portfolio turnover rate for inclusion in the annual
and semi-annual shareholder reports.
For money market funds, obtain security market quotes and calculate
the market-value Net Asset Value in accordance with the Fund’s valuation policies and guidelines
at such times and frequencies as required by regulation and/or instruction from TRP.
FINANCIAL REPORTING;
MONEY MARKET FUND SERVICES
BNY Mellon shall provide the following financial
reporting services for each Fund:
Financial Statement Preparation & Review
· Prepare the Fund’s annual and semi-annual shareholder
reports2
for shareholder delivery and for inclusion in Form N-CSR;
· Prepare the Fund’s fiscal quarterly schedule of portfolio
holdings for inclusion in Form N-Q;
2 Requires “Typesetting Services” as described herein.
· Prepare,
circulate and maintain the Fund’s financial reporting production calendar and track status of reporting
cycles;
· Coordinate
N-SAR surveys; prepare and file (or coordinate the filing of) the Fund’s Form N-SAR; and
· Prepare
and coordinate the filing of the Fund’s monthly website files and Form N-MFP, as applicable to
money market funds.
Typesetting
Services
· Create
financial compositions for the applicable financial report and related EDGAR files;
52
· Maintain
country codes, industry class codes, security class codes and state codes;
· Map individual general ledger accounts into master accounts
to be displayed in the applicable financial reports;
· Create components that will specify the proper grouping and
sorting for display of portfolio information;
· Create components that will specify the proper calculation and
display of financial data required for each applicable financial report (except for identified manual
entries, which BNY Mellon will enter);
· Process, convert and load security and general ledger data;
· Include
data in financial reports provided from external parties to BNY Mellon which includes, but is not limited
to: shareholder letters, “Management Discussion and Analysis” commentary, notes on performance,
form of notes to financials, report of independent auditors, Fund management listing, service providers
listing and Fund spectrums;
· Generate financial reports using the Vendor’s capabilities
which include the following:
o table of contents;
o schedules of investments;
o statement of net assets;
o statements of assets and liabilities;
o statements of operation;
o statements of changes;
o statements of cash flows;
o financial highlights;
o notes to financial statements;
o report of independent registered public accounting firm;
o tax
information; and
o additional
Fund information as mutually agreed in writing between BNY Mellon and a Fund.
· Unless mutually agreed in writing between BNY Mellon and a Fund,
solely with respect to typesetting services, BNY Mellon will use the same layout and format for every
successive reporting period for the typeset reports. At the request of a Fund and upon the mutual written
agreement of BNY Mellon and the Fund as to the scope of any changes and additional compensation of BNY
Mellon, BNY Mellon will, or will cause the Vendor to, change the format or layout of reports from time
to time.
53
Money
Market Fund Services
· Prepare,
on a monthly basis, Form N-MFP, subject to BNY Mellon’s timely receipt of all necessary information
related thereto;
· Prepare,
on a monthly basis, an electronic file of the portfolio holdings information required by Rule 2a-7(c)(12)
promulgated under the 1940 Act for public website disclosure, subject to BNY Mellon’s timely receipt
of all necessary information related thereto;
· File Form N-MFP with the SEC; and
· Provide the electronic file of the portfolio holdings information
to the Fund or, at the Fund’s written direction, to an identified third party.
· Neither BNY Mellon nor the Vendor, in connection with a particular
Money Market Fund Services report, will: (i) access, post reports to or perform any service on a Fund’s
website; or (ii) prepare, provide or generate any reports, forms or files not specifically agreed to
by BNY Mellon in advance.
· The applicable Fund acknowledges that it shall be responsible
for the retention of any Money Market Fund Services reports in accordance with Rule 2a-7 promulgated
under the 1940 Act or any other applicable rule or regulation.
· Unless mutually agreed in writing between BNY Mellon and a Fund,
solely with respect to typesetting of the money market fund services, BNY Mellon will use the same layout
and format for every successive reporting period for the Money Market Fund Services reports. At the
request of a Fund and upon the mutual written agreement of BNY Mellon and the Fund as to the scope of
any changes and additional compensation of BNY Mellon, BNY Mellon will, or will cause the Vendor to,
customize Money Market Fund Services reports from time to time.
· Assist with the preparation and filing with the SEC of Form
N-CR as requested by the Fund or Adviser.
TAX SUPPORT SERVICES
BNY
Mellon shall provide the following tax support services for each Fund:
Provide various data and reports as agreed upon in the SLDs
to support TRP’s tax reporting and tax filing obligations, including:
· Wash sales reporting;
· QDI reporting;
54
· DRD
reporting;
· PFIC
analysis;
· Straddle
analysis;
· Paydown
adjustments;
· Equalization
debit adjustments
· Tax
compliance under §851, §817(h);
· Foreign bond sale analysis (§988);
· Troubled debt analysis;
· Estimation of income for excise tax purposes;
· Swap analysis;
· Inflation adjustments;
· §1256 adjustments;
· Market discount analysis;
· OID adjustments;
· CPDI analysis;
· Shareholder tax reporting information (e.g. FTC, UGG income,
foreign source income by country, exempt income by state);
Provide data, and reports based on such data, maintained by
BNY Mellon on its fund accounting platform as reasonably requested by TRP to support TRP’s obligations
to comply with requests from tax authorities and TRP’s tax reporting and tax filing obligations.
Assist
with other tax-related data needs as mutually agreed upon in writing from time-to-time.
FUND
ADMINISTRATION SERVICES
BNY Mellon shall provide the following fund
administration services for each Fund, Series and class:
Calculate Fund approved income and per share amounts required
for periodic distributions to be made by the applicable Fund, Series or class;
Coordinate a Fund’s annual audit and respond timely and
completely to related requests;
Cooperate with each Fund’s independent auditors;
Supply
various normal and customary portfolio and Fund statistical data as requested on an ongoing basis; and
55
If
the chief executive officer or chief financial officer of a Fund is required to provide a certification
as part of the Fund’s Form N-Q or Form N-CSR filing pursuant to regulations promulgated by the
SEC under Section 302 of the Sarbanes-Oxley Act of 2002, provide a sub-certification in support of certain
matters set forth in the aforementioned certification. Such sub-certification is to be in such form
and relating to such matters as reasonably agreed to by BNY Mellon in advance. BNY Mellon shall be required
to provide the sub-certification only during the term of this Agreement with respect to the applicable
Fund or Series and only if it receives such cooperation as it may request to perform its investigations
with respect to the sub-certification. For clarity, the sub-certification is not itself a certification
under the Sarbanes-Oxley Act of 2002 or under any other law, rule or regulation.
REGULATORY ADMINISTRATION
SERVICES
BNY Mellon shall provide the following regulatory administration
services for each Fund and Series:
Assist the Fund in responding to SEC examination requests by
providing requested documents in the possession of BNY Mellon that are on the SEC examination request
list and by making employees responsible for providing services available to regulatory authorities having
jurisdiction over the performance of such services as may be required or reasonably requested by such
regulatory authorities;
Assist with and/or coordinate such other filings, notices and
regulatory matters and other due diligence requests or requests for proposal on such terms and conditions
as BNY Mellon and the applicable Fund on behalf of itself and its Series may mutually agree upon in writing
from time to time; and
38a-1
Compliance Support Services:
· Provide compliance policies and procedures related to services
provided by BNY Mellon and, if mutually agreed, certain of the BNY Mellon Affiliates; summary procedures
thereof; and periodic certification letters.
· Such Compliance Support Services are administrative in nature
and do not constitute, nor shall they be construed as constituting, legal advice or the provision of
legal services for or on behalf of a Fund or any other person, and such services are subject to review
and approval by the applicable Fund and by the Fund’s legal counsel.
· Provide access to Fund records so as to permit the Fund or TRP
to test the performance of BNY Mellon in providing the services under this Agreement.
· Such Compliance Support Services performed by BNY Mellon under
this Agreement shall be at the request and direction of the Fund and/or its chief compliance officer
(the “Fund’s CCO”), as applicable. BNY Mellon disclaims liability to the Fund, and
the
56
Fund is solely responsible, for the selection, qualifications
and performance of the Fund’s CCO and the adequacy and effectiveness of the Fund’s compliance
program.
57
AMENDMENT
NO. 1
TO
Fund Accounting Agreement
This Amendment No. 1 (this
“Amendment”)
is made and entered into effective as of December 9, 2015 (“Amendment Effective Date”)
by and between each Fund listed on amended Exhibit A (each a “Fund” or collectively the “Funds”),
attached hereto as attachment A, T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation
having its principal office located at 100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”)
and THE
BANK OF NEW YORK MELLON, a bank organized under the Laws of the State of New York, having its principal
office located at 255 Liberty Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS,
each Fund, TRP, and BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015
(the “Fund
Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire to
amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise
defined herein shall have the meanings ascribed thereto in the Fund Accounting Agreement.
2. AMENDED EXHIBIT A
The
Fund Accounting Agreement is hereby amended by replacing Exhibit A, in its entirety, with the amended
Exhibit A, attached hereto as Attachment A, by adding T.
58
Rowe Price Mid-Cap Index Fund and T. Rowe Price Small-Cap
Index Fund on behalf of T. Rowe Price Index Trust, Inc.; by changing the name of T. Rowe Price Inflation
Focused Bond Fund, Inc. to T. Rowe Price Limited Duration Inflation Focused Bond Fund, Inc.; and by changing
the Entity Type from Mutual Fund to Mutual Fund—Parent for the T. Rowe Price Balanced Fund, Inc.,
T. Rowe Price Corporate Income Fund, Inc., T. Rowe Price Inflation Protected Bond Fund, Inc., T. Rowe
Price Limited Duration Inflation Focused Bond Fund, Inc. and T. Rowe Price New Era Fund, Inc.
3. AMENDED ADDRESS FOR BNY MELLON
All
references to BNY Mellon’s address at One Wall Street, New York, New York 10286 are hereby replaced
with 255 Liberty Street, New York, New York 10286.
4. EFFECT ON FUND ACCOUNTING AGREEMENT
In
the event of any inconsistency between the terms of this Amendment and the Fund Accounting Agreement,
the terms of this Amendment shall be controlling. Except as specifically and only to the extent modified
by this Amendment, all of the terms and provisions of the Fund Accounting Agreement shall continue to
remain in full force and effect.
5. GOVERNING
LAW
The laws of the State of New York and the federal laws of
the United States applicable therein shall govern, construe, and enforce all of the rights, duties, and
obligations arising out of or related in any manner to, the subject matter of this Amendment, notwithstanding
any conflict of laws principles.
6. COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts,
each of which shall be deemed an original, but all of which taken together shall constitute one single
agreement between the Parties. This Amendment may also be executed and delivered by facsimile or email
with confirmation of delivery and/or receipt.
59
IN WITNESS WHEREOF, each Fund, TRP, and BNY Mellon have executed
or caused this Amendment to be executed as of the Amendment Effective Date by its duly authorized representative.
| | |
T. ROWE PRICE ASSOCIATES, INC. | THE
BANK OF NEW YORK MELLON |
By: /s/
David Oestreicher | By: /s/ James E. Cecere |
Name: David Oestreicher | Name: James E. Cecere |
Title: Vice President | Title: Managing Director |
Date: 12/17/2015 | Date: 1/8/2016 |
On behalf of each Fund listed in Amended Exhibit A By: /s/ Darrell N. Braman | |
Name: Darrell N. Braman | |
Title: Vice President | |
Date:
12/17/2015 | |
60
ATTACHMENT A
Amended Exhibit A
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
‘40
Act Registered Funds | | |
T. Rowe Price Balanced Fund, Inc. | BAL | Mutual Fund - Parent |
T.
Rowe Price Blue Chip Growth Fund, Inc. | BCG | Mutual
Fund - Parent |
T. Rowe Price California Tax-Free Income Trust | CAT | Mutual
Fund - Parent |
| | California
Tax-Free Bond Fund | CAB | Mutual
Fund - Series |
| | California
Tax-Free Money Fund | CAM | Mutual
Fund - Series |
T. Rowe Price Capital Appreciation Fund | CAF | Mutual
Fund - Parent |
T. Rowe Price Capital Opportunity Fund, Inc. | COF | Mutual
Fund - Parent |
T. Rowe Price Corporate Income Fund, Inc. | CIF | Mutual
Fund - Parent |
T. Rowe Price Credit Opportunities Fund, Inc. | CRO | Mutual
Fund - Parent |
T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. | DMG | Mutual Fund |
T.
Rowe Price Diversified Small-Cap Growth Fund, Inc. | DSG | Mutual
Fund |
T. Rowe Price Dividend Growth Fund, Inc. | DGF | Mutual
Fund - Parent |
T. Rowe Price Equity Income Fund | EIF | Mutual
Fund - Parent |
T. Rowe Price Equity Series, Inc. | EQS | Mutual
Fund - Parent |
| | T. Rowe
Price Blue Chip Growth Portfolio | BCP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Income Portfolio | EIP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Index 500 Portfolio | EXP | Mutual
Fund - Series |
| | T. Rowe
Price Health Sciences Portfolio | HSP | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Growth Portfolio | MGP | Mutual
Fund - Series |
| | T. Rowe
Price New America Growth Portfolio | NAP | Mutual
Fund - Series |
| | T.
Rowe Price Personal Strategy Balanced Portfolio | PSP | Mutual Fund - Series |
61
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price Financial Services Fund, Inc. | FSF | Mutual Fund |
T.
Rowe Price Fixed Income Series, Inc. | FIS | Mutual
Fund - Parent |
| | T. Rowe
Price Limited-Term Bond Portfolio | LTP | Mutual
Fund - Series |
| | T. Rowe
Price Prime Reserve Portfolio | PRP | Mutual
Fund - Series |
T. Rowe Price Floating Rate Fund, Inc. | FRI | Mutual
Fund - Parent |
T. Rowe Price Global Allocation Fund, Inc. | GAF | Mutual
Fund - Parent |
T. Rowe Price Global Multi-Sector Bond Fund, Inc. | SNF | Mutual Fund - Parent |
T.
Rowe Price Global Real Estate Fund, Inc. | GRE | Mutual
Fund - Parent |
T. Rowe Price Global Technology Fund, Inc. | GTF | Mutual
Fund |
T. Rowe Price GNMA Fund | GMA | Mutual
Fund |
T. Rowe Price Growth & Income Fund, Inc. | GIF | Mutual
Fund |
T. Rowe Price Growth Stock Fund, Inc. | GSF | Mutual
Fund - Parent |
T. Rowe Price Health Sciences Fund, Inc. | HSF | Mutual
Fund |
T. Rowe Price High Yield Fund, Inc. | HYF | Mutual
Fund - Parent |
T. Rowe Price Index Trust, Inc. | INDX | Mutual
Fund - Parent |
| | T. Rowe
Price Equity Index 500 Fund | EXF | Mutual
Fund - Series |
| | T. Rowe
Price Extended Equity Market Index Fund | XMX | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Index Fund | MCX | Mutual
Fund - Series |
| | T. Rowe
Price Small-Cap Index Fund | SCX | Mutual
Fund - Series |
| | T. Rowe
Price Total Equity Market Index Fund | TMX | Mutual
Fund - Series |
T. Rowe Price Inflation Protected Bond Fund, Inc. | IPB | Mutual Fund - Parent |
T.
Rowe Price Institutional Equity Funds, Inc. | IEF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Large-Cap Core Growth Fund | LCC | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Large-Cap Growth Fund | LCG | Mutual
Fund - Series |
| | T.
Rowe Price Institutional Large-Cap Value Fund | LCV | Mutual Fund - Series |
62
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | T.
Rowe Price Institutional Mid-Cap Equity Growth Fund | MCE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Small-Cap Stock Fund | SCI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional U.S. Structured Research Fund | IRF | Mutual
Fund - Series |
T. Rowe Price Institutional Income Funds, Inc. | IINCF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Core Plus Fund | ICP | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Credit Opportunities Fund | ICO | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Floating Rate Fund | IFR | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Multi-Sector Bond Fund | IGM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional High Yield Fund | HYI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Long Duration Credit Fund | LDC | Mutual
Fund - Series |
T. Rowe Price Institutional International Funds, Inc. | IIF | Mutual Fund - Parent |
| | T. Rowe Price Institutional Africa & Middle
East Fund | IAM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Bond Fund | IEB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Equity Fund | IEM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Frontier Markets Equity Fund | IFM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Focused Growth Equity Fund | IGE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Growth Equity Fund | IGL | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Value Equity Fund | IGV | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Bond Fund | IIB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Concentrated Equity Fund | ICE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Core Equity Fund | IIC | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Growth Equity Fund | FEF | Mutual
Fund - Series |
T.
Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | ITF | Mutual Fund - Parent |
63
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price International Funds, Inc. | PIF | Mutual Fund - Parent |
| | T. Rowe Price Africa & Middle East Fund | AME | Mutual Fund - Series |
| | T. Rowe Price Asia Opportunities Fund | AOF | Mutual Fund - Series |
| | T. Rowe Price Emerging Europe Fund | EEM | Mutual Fund - Series |
| | T. Rowe Price Emerging Markets Bond Fund | EMB | Mutual Fund - Series |
| | T. Rowe Price Emerging Markets Corporate Bond
Fund | EMC | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Currency Bond Fund | EML | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Stock Fund | EMS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Value Stock Fund | EMV | Mutual
Fund - Series |
| | T. Rowe
Price European Stock Fund | ESF | Mutual
Fund - Series |
| | T. Rowe
Price Global Growth Stock Fund | GLE | Mutual
Fund - Series |
| | T. Rowe
Price Global High Income Bond Fund | GHI | Mutual
Fund - Series |
| | T. Rowe
Price Global Industrials Fund | IND | Mutual
Fund - Series |
| | T. Rowe
Price Global Stock Fund | GLS | Mutual
Fund - Series |
| | T. Rowe
Price Global Unconstrained Bond Fund | GUN | Mutual
Fund - Series |
| | T. Rowe
Price International Bond Fund | IBF | Mutual
Fund - Series |
| | T. Rowe
Price International Concentrated Equity Fund | ICN | Mutual
Fund - Series |
| | T. Rowe
Price International Discovery Fund | IDF | Mutual
Fund - Series |
| | T. Rowe
Price International Growth & Income Fund | IGI | Mutual
Fund - Series |
| | T. Rowe
Price International Stock Fund | ISF | Mutual
Fund - Series |
| | T. Rowe
Price Japan Fund | JAF | Mutual
Fund - Series |
| | T. Rowe
Price Latin America Fund | LAM | Mutual
Fund - Series |
| | T. Rowe
Price New Asia Fund | NAS | Mutual
Fund - Series |
| | T.
Rowe Price Overseas Stock Fund | OSF | Mutual Fund - Series |
64
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price International Index Fund, Inc. | IIXF | Mutual Fund - Parent |
| | T. Rowe Price International Equity Index Fund | IXF | Mutual Fund - Series |
T.
Rowe Price International Series, Inc. | INS | Mutual
Fund - Parent |
| | T. Rowe
Price International Stock Portfolio | ISP | Mutual
Fund - Series |
T. Rowe Price Limited Duration Inflation Focused Bond Fund,
Inc. | STI | Mutual
Fund - Parent |
T. Rowe Price Media & Telecommunications Fund, Inc. | MTF | Mutual Fund |
T.
Rowe Price Mid-Cap Growth Fund, Inc. | MCG | Mutual
Fund - Parent |
T. Rowe Price Mid-Cap Value Fund, Inc. | MCV | Mutual
Fund - Parent |
T. Rowe Price Multi-Sector Account Portfolios, Inc. | MAPS | Mutual Fund - Parent |
| | T. Rowe Price Emerging Markets Corporate Multi-Sector
Account Portfolio | EBS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Multi-Sector Account Portfolio | ELS | Mutual
Fund - Series |
| | T. Rowe
Price Floating Rate Multi-Sector Account Portfolio | FRS | Mutual
Fund - Series |
| | T. Rowe
Price High Yield Multi-Sector Account Portfolio | HYS | Mutual
Fund - Series |
| | T. Rowe
Price Investment-Grade Corporate Multi-Sector Account Portfolio | IGS | Mutual
Fund - Series |
| | T. Rowe
Price Mortgage-Backed Securities Multi-Sector Account Portfolio | MBS | Mutual
Fund - Series |
T. Rowe Price New America Growth Fund | NAG | Mutual
Fund - Parent |
T. Rowe Price New Era Fund, Inc. | NEF | Mutual
Fund - Parent |
T. Rowe Price New Horizons Fund, Inc. | NHF | Mutual
Fund - Parent |
T. Rowe Price New Income Fund, Inc. | NIF | Mutual
Fund - Parent |
T. Rowe Price Personal Strategy Funds, Inc. | PER | Mutual
Fund - Parent |
| | T. Rowe
Price Personal Strategy Balanced Fund | PSB | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Growth Fund | PSG | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Income Fund | PSI | Mutual
Fund - Series |
T.
Rowe Price Prime Reserve Fund, Inc. | PRF | Mutual Fund |
65
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price Real Assets Fund, Inc. | RAF | Mutual Fund - Parent |
T.
Rowe Price Real Estate Fund, Inc. | REF | Mutual
Fund - Parent |
T. Rowe Price Reserve Investment Funds, Inc. | RESFDS | Mutual
Fund - Parent |
| | T. Rowe
Price Government Reserve Investment Fund | GRS | Mutual
Fund - Series |
| | T. Rowe
Price Reserve Investment Fund | RES | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Government Reserve Fund | GRI | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Reserve Fund | REI | Mutual
Fund - Series |
T. Rowe Price Science & Technology Fund, Inc. | STF | Mutual Fund - Parent |
T.
Rowe Price Short-Term Bond Fund, Inc. | STB | Mutual
Fund - Parent |
| | T. Rowe
Price Ultra Short-Term Bond Fund | SBF | Mutual
Fund - Series |
T. Rowe Price Small-Cap Stock Fund, Inc. | SCS | Mutual
Fund - Parent |
T. Rowe Price Small-Cap Value Fund, Inc. | SCV | Mutual
Fund - Parent |
T. Rowe Price State Tax-Free Income Trust | STT | Mutual
Fund - Parent |
| | Georgia
Tax-Free Bond Fund | GAB | Mutual
Fund - Series |
| | Maryland
Short-Term Tax-Free Bond Fund | MDS | Mutual
Fund - Series |
| | Maryland
Tax-Free Bond Fund | MDB | Mutual
Fund - Series |
| | Maryland
Tax-Free Money Fund | MDM | Mutual
Fund - Series |
| | New Jersey
Tax-Free Bond Fund | NJB | Mutual
Fund - Series |
| | New York
Tax-Free Bond Fund | NYB | Mutual
Fund - Series |
| | New York
Tax-Free Money Fund | NYM | Mutual
Fund - Series |
| | Virginia
Tax-Free Bond Fund | VAB | Mutual
Fund - Series |
T. Rowe Price Summit Funds, Inc. | SIF | Mutual
Fund - Parent |
| | T. Rowe
Price Summit Cash Reserves Fund | SCR | Mutual
Fund - Series |
T. Rowe Price Summit Municipal Funds, Inc. | SMF | Mutual
Fund - Parent |
| | T.
Rowe Price Summit Municipal Income Fund | SMI | Mutual Fund - Series |
66
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | T.
Rowe Price Summit Municipal Intermediate Fund | SMT | Mutual
Fund - Series |
| | T. Rowe
Price Summit Municipal Money Market Fund | SMM | Mutual
Fund - Series |
T. Rowe Price Tax-Efficient Funds, Inc. | TEF | Mutual
Fund - Parent |
| | T. Rowe
Price Tax-Efficient Equity Fund | TMC | Mutual
Fund - Series |
T. Rowe Price Tax-Exempt Money Fund, Inc. | TEM | Mutual
Fund |
T. Rowe Price Tax-Free High Yield Fund, Inc. | TFH | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Income Fund, Inc. | TFI | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS | Mutual Fund - Parent |
| | T. Rowe Price Tax-Free Ultra Short-Term Bond
Fund | TUS | Mutual
Fund - Series |
T. Rowe Price U.S. Bond Enhanced Index Fund, Inc. | UBX | Mutual Fund |
T.
Rowe Price U.S. Large-Cap Core Fund, Inc. | LCF | Mutual
Fund - Parent |
T. Rowe Price U.S. Treasury Funds, Inc. | USTF | Mutual
Fund - Parent |
| | U.S.
Treasury Intermediate Fund | USI | Mutual
Fund - Series |
| | U.S.
Treasury Long-Term Fund | USL | Mutual
Fund - Series |
| | U.S.
Treasury Money Fund | UST | Mutual
Fund - Series |
T. Rowe Price Value Fund, Inc. | VAL | Mutual
Fund - Parent |
'40
Act Registered Fund of Funds |
T. Rowe Price Retirement Funds, Inc. | RDF | Mutual Fund - Parent |
| | T. Rowe Price Retirement 2005 Fund | RPJ | Mutual Fund - Series |
| | T. Rowe Price Retirement 2010 Fund | RPA | Mutual Fund - Series |
| | T. Rowe Price Retirement 2015 Fund | RPG | Mutual Fund - Series |
| | T. Rowe Price Retirement 2020 Fund | RPB | Mutual Fund - Series |
| | T. Rowe Price Retirement 2025 Fund | RPH | Mutual Fund - Series |
| | T. Rowe Price Retirement 2030 Fund | RPC | Mutual Fund - Series |
| | T.
Rowe Price Retirement 2035 Fund | RPI | Mutual Fund - Series |
67
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | T.
Rowe Price Retirement 2040 Fund | RPD | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2045 Fund | RPK | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2050 Fund | RPL | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2055 Fund | RPM | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2060 Fund | RPN | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced Fund | RPE | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2005 Fund—I Class | RBI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2010 Fund—I Class | RCI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2015 Fund—I Class | RDI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2020 Fund—I Class | RFI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2025 Fund—I Class | RGI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2030 Fund—I Class | RHI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2035 Fund—I Class | RII | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2040 Fund—I Class | RJI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2045 Fund—I Class | RKI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2050 Fund—I Class | RMI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2055 Fund—I Class | RNI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2060 Fund—I Class | ROI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced I Fund—I Class | RQI | Mutual
Fund - Series |
| | T. Rowe
Price Target Retirement 2005 Fund | TRA | Mutual
Fund - Series |
| | T. Rowe
Price Target Retirement 2010 Fund | TRB | Mutual
Fund - Series |
| | T. Rowe
Price Target Retirement 2015 Fund | TRC | Mutual
Fund - Series |
| | T. Rowe
Price Target Retirement 2020 Fund | TRD | Mutual
Fund - Series |
| | T. Rowe
Price Target Retirement 2025 Fund | TRE | Mutual
Fund - Series |
| | T.
Rowe Price Target Retirement 2030 Fund | TRG | Mutual Fund - Series |
68
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | T.
Rowe Price Target Retirement 2035 Fund | TRH | Mutual
Fund - Series |
| | T. Rowe
Price Target Retirement 2040 Fund | TRJ | Mutual
Fund - Series |
| | T. Rowe
Price Target Retirement 2045 Fund | TRL | Mutual
Fund - Series |
| | T. Rowe
Price Target Retirement 2050 Fund | TRM | Mutual
Fund - Series |
| | T. Rowe
Price Target Retirement 2055 Fund | TRN | Mutual
Fund - Series |
| | T. Rowe
Price Target Retirement 2060 Fund | TRO | Mutual
Fund - Series |
T. Rowe Price Spectrum Fund, Inc. | SPC | Mutual
Fund - Parent |
| | Spectrum
Growth Fund | SPG | Mutual
Fund - Series |
| | Spectrum
Income Fund | SPI | Mutual
Fund - Series |
| | Spectrum
International Fund | SPF | Mutual Fund - Series |
69
AMENDMENT
NO. 2
TO
Fund Accounting Agreement
This Amendment No. 2 (this
“Amendment”)
is made and entered into effective as of February 23, 2016 (“Amendment Effective Date”)
by and between each Fund listed on amended Exhibit A (each a “Fund” or collectively the “Funds”),
attached hereto as attachment A, T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation
having its principal office located at 100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”)
and THE
BANK OF NEW YORK MELLON, a bank organized under the Laws of the State of New York, having its principal
office located at 255 Liberty Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS,
each Fund, TRP, and BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015
(the “Fund
Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire to
amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise
defined herein shall have the meanings ascribed thereto in the Fund Accounting Agreement.
2. AMENDED EXHIBIT A
The
Fund Accounting Agreement is hereby amended by replacing Exhibit A, in its entirety, with the amended
Exhibit A, attached hereto as Attachment A,
70
by changing the name of the T. Rowe Price Diversified Small-Cap
Growth Fund, Inc. corporation to T. Rowe Price Quantitative Management Funds, Inc.; by changing
the Entity Type of T. Rowe Price Quantitative Management Funds, Inc. to Mutual Fund - Parent; by
changing the name of the T. Rowe Price Diversified Small-Cap Growth Fund series to T. Rowe Price QM U.S.
Small-Cap Growth Equity Fund; by adding T. Rowe Price QM Global Equity Fund, T. Rowe Price QM U.S.
Small & Mid-Cap Core Equity Fund, and T. Rowe Price QM U.S. Value Equity Fund as Mutual Fund –
Series of the T. Rowe Price Quantitative Management Funds, Inc.; by changing the Entity Type of the T. Rowe
Price Health Sciences Fund, Inc. to Mutual Fund – Parent; by changing the Entity Type of the T. Rowe
Price Media & Telecommunications Fund, Inc. to Mutual Fund – Parent; and by removing “Retirement”
from the names of the T. Rowe Price Target Retirement Funds series.
3. EFFECT ON FUND ACCOUNTING AGREEMENT
In
the event of any inconsistency between the terms of this Amendment and the Fund Accounting Agreement,
the terms of this Amendment shall be controlling. Except as specifically and only to the extent modified
by this Amendment, all of the terms and provisions of the Fund Accounting Agreement shall continue to
remain in full force and effect.
4. GOVERNING
LAW
The laws of the State of New York and the federal laws of
the United States applicable therein shall govern, construe, and enforce all of the rights, duties, and
obligations arising out of or related in any manner to, the subject matter of this Amendment, notwithstanding
any conflict of laws principles.
5. COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts,
each of which shall be deemed an original, but all of which taken together shall constitute one single
agreement between the Parties. This Amendment may
71
also be executed and delivered by facsimile or email with
confirmation of delivery and/or receipt.
IN WITNESS WHEREOF,
each Fund, TRP, and BNY Mellon have executed or caused this Amendment to be executed as of the Amendment
Effective Date by its duly authorized representative.
72
| |
THE
BANK OF NEW YORK MELLON |
By: /s/Don Brophy |
Name: Don Brophy |
Title: Vice President |
Date: 2/26/16 |
73
| |
T.
ROWE PRICE ASSOCIATES, INC. |
By: /s/David Oestreicher |
Name: David Oestreicher |
Title:
Vice President |
Date: 1/19/16 |
74
| |
On
behalf of each Fund listed in Amended Exhibit A |
By: /s/Darrell N. Braman |
Name: Darrell N. Braman |
Title:
Vice President |
Date: 1/22/16 |
75
ATTACHMENT A
Amended Exhibit A
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
‘40
Act Registered Funds | | |
T. Rowe Price Balanced Fund, Inc. | BAL | Mutual Fund - Parent |
T.
Rowe Price Blue Chip Growth Fund, Inc. | BCG | Mutual
Fund - Parent |
T. Rowe Price California Tax-Free Income Trust | CAT | Mutual
Fund - Parent |
| | California
Tax-Free Bond Fund | CAB | Mutual
Fund - Series |
| | California
Tax-Free Money Fund | CAM | Mutual
Fund - Series |
T. Rowe Price Capital Appreciation Fund | CAF | Mutual
Fund - Parent |
T. Rowe Price Capital Opportunity Fund, Inc. | COF | Mutual
Fund - Parent |
T. Rowe Price Corporate Income Fund, Inc. | CIF | Mutual
Fund - Parent |
T. Rowe Price Credit Opportunities Fund, Inc. | CRO | Mutual
Fund - Parent |
T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. | DMG | Mutual Fund |
T.
Rowe Price Dividend Growth Fund, Inc. | DGF | Mutual
Fund - Parent |
T. Rowe Price Equity Income Fund | EIF | Mutual
Fund - Parent |
T. Rowe Price Equity Series, Inc. | EQS | Mutual
Fund - Parent |
| | T. Rowe
Price Blue Chip Growth Portfolio | BCP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Income Portfolio | EIP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Index 500 Portfolio | EXP | Mutual
Fund - Series |
| | T. Rowe
Price Health Sciences Portfolio | HSP | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Growth Portfolio | MGP | Mutual
Fund - Series |
| | T. Rowe
Price New America Growth Portfolio | NAP | Mutual
Fund - Series |
| | T.
Rowe Price Personal Strategy Balanced Portfolio | PSP | Mutual Fund - Series |
76
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price Financial Services Fund, Inc. | FSF | Mutual Fund |
T.
Rowe Price Fixed Income Series, Inc. | FIS | Mutual
Fund - Parent |
| | T. Rowe
Price Limited-Term Bond Portfolio | LTP | Mutual
Fund - Series |
| | T. Rowe
Price Prime Reserve Portfolio | PRP | Mutual
Fund - Series |
T. Rowe Price Floating Rate Fund, Inc. | FRI | Mutual
Fund - Parent |
T. Rowe Price Global Allocation Fund, Inc. | GAF | Mutual
Fund - Parent |
T. Rowe Price Global Multi-Sector Bond Fund, Inc. | SNF | Mutual Fund - Parent |
T.
Rowe Price Global Real Estate Fund, Inc. | GRE | Mutual
Fund - Parent |
T. Rowe Price Global Technology Fund, Inc. | GTF | Mutual
Fund |
T. Rowe Price GNMA Fund | GMA | Mutual
Fund |
T. Rowe Price Growth & Income Fund, Inc. | GIF | Mutual
Fund |
T. Rowe Price Growth Stock Fund, Inc. | GSF | Mutual
Fund - Parent |
T. Rowe Price Health Sciences Fund, Inc. | HSF | Mutual
Fund - Parent |
T. Rowe Price High Yield Fund, Inc. | HYF | Mutual
Fund - Parent |
T. Rowe Price Index Trust, Inc. | INDX | Mutual
Fund - Parent |
| | T. Rowe
Price Equity Index 500 Fund | EXF | Mutual
Fund - Series |
| | T. Rowe
Price Extended Equity Market Index Fund | XMX | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Index Fund | MCX | Mutual
Fund - Series |
| | T. Rowe
Price Small-Cap Index Fund | SCX | Mutual
Fund - Series |
| | T. Rowe
Price Total Equity Market Index Fund | TMX | Mutual
Fund - Series |
T. Rowe Price Inflation Protected Bond Fund, Inc. | IPB | Mutual Fund - Parent |
T.
Rowe Price Institutional Equity Funds, Inc. | IEF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Large-Cap Core Growth Fund | LCC | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Large-Cap Growth Fund | LCG | Mutual
Fund - Series |
| | T.
Rowe Price Institutional Large-Cap Value Fund | LCV | Mutual Fund - Series |
77
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | T.
Rowe Price Institutional Mid-Cap Equity Growth Fund | MCE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Small-Cap Stock Fund | SCI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional U.S. Structured Research Fund | IRF | Mutual
Fund - Series |
T. Rowe Price Institutional Income Funds, Inc. | IINCF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Core Plus Fund | ICP | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Credit Opportunities Fund | ICO | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Floating Rate Fund | IFR | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Multi-Sector Bond Fund | IGM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional High Yield Fund | HYI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Long Duration Credit Fund | LDC | Mutual
Fund - Series |
T. Rowe Price Institutional International Funds, Inc. | IIF | Mutual Fund - Parent |
| | T. Rowe Price Institutional Africa & Middle
East Fund | IAM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Bond Fund | IEB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Equity Fund | IEM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Frontier Markets Equity Fund | IFM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Focused Growth Equity Fund | IGE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Growth Equity Fund | IGL | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Value Equity Fund | IGV | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Bond Fund | IIB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Concentrated Equity Fund | ICE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Core Equity Fund | IIC | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Growth Equity Fund | FEF | Mutual
Fund - Series |
T.
Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | ITF | Mutual Fund - Parent |
78
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price International Funds, Inc. | PIF | Mutual Fund - Parent |
| | T. Rowe Price Africa & Middle East Fund | AME | Mutual Fund - Series |
| | T. Rowe Price Asia Opportunities Fund | AOF | Mutual Fund - Series |
| | T. Rowe Price Emerging Europe Fund | EEM | Mutual Fund - Series |
| | T. Rowe Price Emerging Markets Bond Fund | EMB | Mutual Fund - Series |
| | T. Rowe Price Emerging Markets Corporate Bond
Fund | EMC | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Currency Bond Fund | EML | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Stock Fund | EMS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Value Stock Fund | EMV | Mutual
Fund - Series |
| | T. Rowe
Price European Stock Fund | ESF | Mutual
Fund - Series |
| | T. Rowe
Price Global Growth Stock Fund | GLE | Mutual
Fund - Series |
| | T. Rowe
Price Global High Income Bond Fund | GHI | Mutual
Fund - Series |
| | T. Rowe
Price Global Industrials Fund | IND | Mutual
Fund - Series |
| | T. Rowe
Price Global Stock Fund | GLS | Mutual
Fund - Series |
| | T. Rowe
Price Global Unconstrained Bond Fund | GUN | Mutual
Fund - Series |
| | T. Rowe
Price International Bond Fund | IBF | Mutual
Fund - Series |
| | T. Rowe
Price International Concentrated Equity Fund | ICN | Mutual
Fund - Series |
| | T. Rowe
Price International Discovery Fund | IDF | Mutual
Fund - Series |
| | T. Rowe
Price International Growth & Income Fund | IGI | Mutual
Fund - Series |
| | T. Rowe
Price International Stock Fund | ISF | Mutual
Fund - Series |
| | T. Rowe
Price Japan Fund | JAF | Mutual
Fund - Series |
| | T. Rowe
Price Latin America Fund | LAM | Mutual
Fund - Series |
| | T. Rowe
Price New Asia Fund | NAS | Mutual
Fund - Series |
| | T.
Rowe Price Overseas Stock Fund | OSF | Mutual Fund - Series |
79
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price International Index Fund, Inc. | IIXF | Mutual Fund - Parent |
| | T. Rowe Price International Equity Index Fund | IXF | Mutual Fund - Series |
T.
Rowe Price International Series, Inc. | INS | Mutual
Fund - Parent |
| | T. Rowe
Price International Stock Portfolio | ISP | Mutual
Fund - Series |
T. Rowe Price Limited Duration Inflation Focused Bond Fund,
Inc. | STI | Mutual
Fund - Parent |
T. Rowe Price Media & Telecommunications Fund, Inc. | MTF | Mutual Fund - Parent |
T.
Rowe Price Mid-Cap Growth Fund, Inc. | MCG | Mutual
Fund - Parent |
T. Rowe Price Mid-Cap Value Fund, Inc. | MCV | Mutual
Fund - Parent |
T. Rowe Price Multi-Sector Account Portfolios, Inc. | MAPS | Mutual Fund - Parent |
| | T. Rowe Price Emerging Markets Corporate Multi-Sector
Account Portfolio | EBS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Multi-Sector Account Portfolio | ELS | Mutual
Fund - Series |
| | T. Rowe
Price Floating Rate Multi-Sector Account Portfolio | FRS | Mutual
Fund - Series |
| | T. Rowe
Price High Yield Multi-Sector Account Portfolio | HYS | Mutual
Fund - Series |
| | T. Rowe
Price Investment-Grade Corporate Multi-Sector Account Portfolio | IGS | Mutual
Fund - Series |
| | T. Rowe
Price Mortgage-Backed Securities Multi-Sector Account Portfolio | MBS | Mutual
Fund - Series |
T. Rowe Price New America Growth Fund | NAG | Mutual
Fund - Parent |
T. Rowe Price New Era Fund, Inc. | NEF | Mutual
Fund - Parent |
T. Rowe Price New Horizons Fund, Inc. | NHF | Mutual
Fund - Parent |
T. Rowe Price New Income Fund, Inc. | NIF | Mutual
Fund - Parent |
T. Rowe Price Personal Strategy Funds, Inc. | PER | Mutual
Fund - Parent |
| | T. Rowe
Price Personal Strategy Balanced Fund | PSB | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Growth Fund | PSG | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Income Fund | PSI | Mutual
Fund - Series |
T.
Rowe Price Prime Reserve Fund, Inc. | PRF | Mutual Fund |
80
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price Quantitative Management Funds, Inc. | QUANT | Mutual Fund - Parent |
| | T.
Rowe Price QM Global Equity Fund | QGE | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Small-Cap Growth Equity Fund | DSG | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Small & Mid-Cap Core Equity Fund | QSM | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Value Equity Fund | QMV | Mutual
Fund - Series |
T. Rowe Price Real Assets Fund, Inc. | RAF | Mutual
Fund - Parent |
T. Rowe Price Real Estate Fund, Inc. | REF | Mutual
Fund - Parent |
T. Rowe Price Reserve Investment Funds, Inc. | RESFDS | Mutual
Fund - Parent |
| | T. Rowe
Price Government Reserve Investment Fund | GRS | Mutual
Fund - Series |
| | T. Rowe
Price Reserve Investment Fund | RES | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Government Reserve Fund | GRI | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Reserve Fund | REI | Mutual
Fund - Series |
T. Rowe Price Science & Technology Fund, Inc. | STF | Mutual Fund - Parent |
T.
Rowe Price Short-Term Bond Fund, Inc. | STB | Mutual
Fund - Parent |
| | T. Rowe
Price Ultra Short-Term Bond Fund | SBF | Mutual
Fund - Series |
T. Rowe Price Small-Cap Stock Fund, Inc. | SCS | Mutual
Fund - Parent |
T. Rowe Price Small-Cap Value Fund, Inc. | SCV | Mutual
Fund - Parent |
T. Rowe Price State Tax-Free Income Trust | STT | Mutual
Fund - Parent |
| | Georgia
Tax-Free Bond Fund | GAB | Mutual
Fund - Series |
| | Maryland
Short-Term Tax-Free Bond Fund | MDS | Mutual
Fund - Series |
| | Maryland
Tax-Free Bond Fund | MDB | Mutual
Fund - Series |
| | Maryland
Tax-Free Money Fund | MDM | Mutual
Fund - Series |
| | New Jersey
Tax-Free Bond Fund | NJB | Mutual
Fund - Series |
| | New York
Tax-Free Bond Fund | NYB | Mutual
Fund - Series |
| | New
York Tax-Free Money Fund | NYM | Mutual Fund - Series |
81
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | Virginia
Tax-Free Bond Fund | VAB | Mutual
Fund - Series |
T. Rowe Price Summit Funds, Inc. | SIF | Mutual
Fund - Parent |
| | T. Rowe
Price Summit Cash Reserves Fund | SCR | Mutual
Fund - Series |
T. Rowe Price Summit Municipal Funds, Inc. | SMF | Mutual
Fund - Parent |
| | T. Rowe
Price Summit Municipal Income Fund | SMI | Mutual
Fund - Series |
| | T. Rowe
Price Summit Municipal Intermediate Fund | SMT | Mutual
Fund - Series |
| | T. Rowe
Price Summit Municipal Money Market Fund | SMM | Mutual
Fund - Series |
T. Rowe Price Tax-Efficient Funds, Inc. | TEF | Mutual
Fund - Parent |
| | T. Rowe
Price Tax-Efficient Equity Fund | TMC | Mutual
Fund - Series |
T. Rowe Price Tax-Exempt Money Fund, Inc. | TEM | Mutual
Fund |
T. Rowe Price Tax-Free High Yield Fund, Inc. | TFH | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Income Fund, Inc. | TFI | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS | Mutual Fund - Parent |
| | T. Rowe Price Tax-Free Ultra Short-Term Bond
Fund | TUS | Mutual
Fund - Series |
T. Rowe Price U.S. Bond Enhanced Index Fund, Inc. | UBX | Mutual Fund |
T.
Rowe Price U.S. Large-Cap Core Fund, Inc. | LCF | Mutual
Fund - Parent |
T. Rowe Price U.S. Treasury Funds, Inc. | USTF | Mutual
Fund - Parent |
| | U.S.
Treasury Intermediate Fund | USI | Mutual
Fund - Series |
| | U.S.
Treasury Long-Term Fund | USL | Mutual
Fund - Series |
| | U.S.
Treasury Money Fund | UST | Mutual
Fund - Series |
T. Rowe Price Value Fund, Inc. | VAL | Mutual
Fund - Parent |
'40
Act Registered Fund of Funds |
T. Rowe Price Retirement Funds, Inc. | RDF | Mutual Fund - Parent |
| | T. Rowe Price Retirement 2005 Fund | RPJ | Mutual Fund - Series |
| | T.
Rowe Price Retirement 2010 Fund | RPA | Mutual Fund - Series |
82
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | T.
Rowe Price Retirement 2015 Fund | RPG | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2020 Fund | RPB | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2025 Fund | RPH | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2030 Fund | RPC | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2035 Fund | RPI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2040 Fund | RPD | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2045 Fund | RPK | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2050 Fund | RPL | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2055 Fund | RPM | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2060 Fund | RPN | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced Fund | RPE | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2005 Fund—I Class | RBI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2010 Fund—I Class | RCI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2015 Fund—I Class | RDI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2020 Fund—I Class | RFI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2025 Fund—I Class | RGI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2030 Fund—I Class | RHI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2035 Fund—I Class | RII | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2040 Fund—I Class | RJI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2045 Fund—I Class | RKI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2050 Fund—I Class | RMI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2055 Fund—I Class | RNI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2060 Fund—I Class | ROI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced I Fund—I Class | RQI | Mutual
Fund - Series |
| | T.
Rowe Price Target 2005 Fund | TRA | Mutual Fund - Series |
83
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | T.
Rowe Price Target 2010 Fund | TRB | Mutual
Fund - Series |
| | T. Rowe
Price Target 2015 Fund | TRC | Mutual
Fund - Series |
| | T. Rowe
Price Target 2020 Fund | TRD | Mutual
Fund - Series |
| | T. Rowe
Price Target 2025 Fund | TRE | Mutual
Fund - Series |
| | T. Rowe
Price Target 2030 Fund | TRG | Mutual
Fund - Series |
| | T. Rowe
Price Target 2035 Fund | TRH | Mutual
Fund - Series |
| | T. Rowe
Price Target 2040 Fund | TRJ | Mutual
Fund - Series |
| | T. Rowe
Price Target 2045 Fund | TRL | Mutual
Fund - Series |
| | T. Rowe
Price Target 2050 Fund | TRM | Mutual
Fund - Series |
| | T. Rowe
Price Target 2055 Fund | TRN | Mutual
Fund - Series |
| | T. Rowe
Price Target 2060 Fund | TRO | Mutual
Fund - Series |
T. Rowe Price Spectrum Fund, Inc. | SPC | Mutual
Fund - Parent |
| | Spectrum
Growth Fund | SPG | Mutual
Fund - Series |
| | Spectrum
Income Fund | SPI | Mutual
Fund - Series |
| | Spectrum
International Fund | SPF | Mutual Fund - Series |
84
AMENDMENT
NO. 3
TO
Fund Accounting Agreement
This Amendment No. 3 (this
“Amendment”)
is made and entered into effective as of April 27, 2016 (“Amendment Effective Date”)
by and between each Fund listed on amended Exhibit A (each a “Fund” or collectively the “Funds”),
attached hereto as attachment A, T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation
having its principal office located at 100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”)
and THE
BANK OF NEW YORK MELLON, a bank organized under the Laws of the State of New York, having its principal
office located at 255 Liberty Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS,
each Fund, TRP, and BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015
(the “Fund
Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire to
amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise
defined herein shall have the meanings ascribed thereto in the Fund Accounting Agreement.
2. AMENDED EXHIBIT A
The
Fund Accounting Agreement is hereby amended by adding T. Rowe Price Global Consumer Fund as a Mutual
Fund – Series of the T. Rowe Price
85
International Funds, Inc. and by changing the name of T. Rowe
Price Prime Reserve Portfolio to T. Rowe Price Government Money Portfolio.
3. EFFECT ON FUND ACCOUNTING AGREEMENT
In
the event of any inconsistency between the terms of this Amendment and the Fund Accounting Agreement,
the terms of this Amendment shall be controlling. Except as specifically and only to the extent modified
by this Amendment, all of the terms and provisions of the Fund Accounting Agreement shall continue to
remain in full force and effect.
4. GOVERNING
LAW
The laws of the State of New York and the federal laws of
the United States applicable therein shall govern, construe, and enforce all of the rights, duties, and
obligations arising out of or related in any manner to, the subject matter of this Amendment, notwithstanding
any conflict of laws principles.
5. COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts,
each of which shall be deemed an original, but all of which taken together shall constitute one single
agreement between the Parties. This Amendment may also be executed and delivered by facsimile or email
with confirmation of delivery and/or receipt.
IN WITNESS WHEREOF,
each Fund, TRP, and BNY Mellon have executed or caused this Amendment to be executed as of the Amendment
Effective Date by its duly authorized representative.
86
| |
THE
BANK OF NEW YORK MELLON |
By: /s/Michael T. Falvey |
Name: Michael T. Falvey |
Title:
Director |
Date: 4/12/16 |
87
| |
T.
ROWE PRICE ASSOCIATES, INC. |
By: /s/David Oestreicher |
Name: David Oestreicher |
Title:
Vice President |
Date: April 7, 2016 |
88
| |
On
behalf of each Fund listed in Amended Exhibit A |
By: /s/Darrell N. Braman |
Name: Darrell N. Braman |
Title:
Vice President |
Date: April 8, 2016 |
89
ATTACHMENT A
Amended Exhibit A
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
‘40
Act Registered Funds | | |
T. Rowe Price Balanced Fund, Inc. | BAL | Mutual Fund - Parent |
T.
Rowe Price Blue Chip Growth Fund, Inc. | BCG | Mutual
Fund - Parent |
T. Rowe Price California Tax-Free Income Trust | CAT | Mutual
Fund - Parent |
| | California
Tax-Free Bond Fund | CAB | Mutual
Fund - Series |
| | California
Tax-Free Money Fund | CAM | Mutual
Fund - Series |
T. Rowe Price Capital Appreciation Fund | CAF | Mutual
Fund - Parent |
T. Rowe Price Capital Opportunity Fund, Inc. | COF | Mutual
Fund - Parent |
T. Rowe Price Corporate Income Fund, Inc. | CIF | Mutual
Fund - Parent |
T. Rowe Price Credit Opportunities Fund, Inc. | CRO | Mutual
Fund - Parent |
T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. | DMG | Mutual Fund |
T.
Rowe Price Dividend Growth Fund, Inc. | DGF | Mutual
Fund - Parent |
T. Rowe Price Equity Income Fund | EIF | Mutual
Fund - Parent |
T. Rowe Price Equity Series, Inc. | EQS | Mutual
Fund - Parent |
| | T. Rowe
Price Blue Chip Growth Portfolio | BCP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Income Portfolio | EIP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Index 500 Portfolio | EXP | Mutual
Fund - Series |
| | T. Rowe
Price Health Sciences Portfolio | HSP | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Growth Portfolio | MGP | Mutual
Fund - Series |
| | T. Rowe
Price New America Growth Portfolio | NAP | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Balanced Portfolio | PSP | Mutual
Fund - Series |
T.
Rowe Price Financial Services Fund, Inc. | FSF | Mutual Fund |
90
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price Fixed Income Series, Inc. | FIS | Mutual Fund - Parent |
| | T. Rowe Price Government Money Portfolio | PRP | Mutual Fund - Series |
| | T. Rowe Price Limited-Term Bond Portfolio | LTP | Mutual Fund - Series |
T.
Rowe Price Floating Rate Fund, Inc. | FRI | Mutual
Fund - Parent |
T. Rowe Price Global Allocation Fund, Inc. | GAF | Mutual
Fund - Parent |
T. Rowe Price Global Multi-Sector Bond Fund, Inc. | SNF | Mutual Fund - Parent |
T.
Rowe Price Global Real Estate Fund, Inc. | GRE | Mutual
Fund - Parent |
T. Rowe Price Global Technology Fund, Inc. | GTF | Mutual
Fund |
T. Rowe Price GNMA Fund | GMA | Mutual
Fund |
T. Rowe Price Growth & Income Fund, Inc. | GIF | Mutual
Fund |
T. Rowe Price Growth Stock Fund, Inc. | GSF | Mutual
Fund - Parent |
T. Rowe Price Health Sciences Fund, Inc. | HSF | Mutual
Fund - Parent |
T. Rowe Price High Yield Fund, Inc. | HYF | Mutual
Fund - Parent |
T. Rowe Price Index Trust, Inc. | INDX | Mutual
Fund - Parent |
| | T. Rowe
Price Equity Index 500 Fund | EXF | Mutual
Fund - Series |
| | T. Rowe
Price Extended Equity Market Index Fund | XMX | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Index Fund | MCX | Mutual
Fund - Series |
| | T. Rowe
Price Small-Cap Index Fund | SCX | Mutual
Fund - Series |
| | T. Rowe
Price Total Equity Market Index Fund | TMX | Mutual
Fund - Series |
T. Rowe Price Inflation Protected Bond Fund, Inc. | IPB | Mutual Fund - Parent |
T.
Rowe Price Institutional Equity Funds, Inc. | IEF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Large-Cap Core Growth Fund | LCC | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Large-Cap Growth Fund | LCG | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Large-Cap Value Fund | LCV | Mutual
Fund - Series |
| | T.
Rowe Price Institutional Mid-Cap Equity Growth Fund | MCE | Mutual Fund - Series |
91
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | T.
Rowe Price Institutional Small-Cap Stock Fund | SCI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional U.S. Structured Research Fund | IRF | Mutual
Fund - Series |
T. Rowe Price Institutional Income Funds, Inc. | IINCF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Core Plus Fund | ICP | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Credit Opportunities Fund | ICO | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Floating Rate Fund | IFR | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Multi-Sector Bond Fund | IGM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional High Yield Fund | HYI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Long Duration Credit Fund | LDC | Mutual
Fund - Series |
T. Rowe Price Institutional International Funds, Inc. | IIF | Mutual Fund - Parent |
| | T. Rowe Price Institutional Africa & Middle
East Fund | IAM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Bond Fund | IEB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Equity Fund | IEM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Frontier Markets Equity Fund | IFM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Focused Growth Equity Fund | IGE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Growth Equity Fund | IGL | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Value Equity Fund | IGV | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Bond Fund | IIB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Concentrated Equity Fund | ICE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Core Equity Fund | IIC | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Growth Equity Fund | FEF | Mutual
Fund - Series |
T.
Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | ITF | Mutual Fund - Parent |
92
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price International Funds, Inc. | PIF | Mutual Fund - Parent |
| | T. Rowe Price Africa & Middle East Fund | AME | Mutual Fund - Series |
| | T. Rowe Price Asia Opportunities Fund | AOF | Mutual Fund - Series |
| | T. Rowe Price Emerging Europe Fund | EEM | Mutual Fund - Series |
| | T. Rowe Price Emerging Markets Bond Fund | EMB | Mutual Fund - Series |
| | T. Rowe Price Emerging Markets Corporate Bond
Fund | EMC | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Currency Bond Fund | EML | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Stock Fund | EMS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Value Stock Fund | EMV | Mutual
Fund - Series |
| | T. Rowe
Price European Stock Fund | ESF | Mutual
Fund - Series |
| | T. Rowe
Price Global Consumer Fund | GCF | Mutual
Fund - Series |
| | T. Rowe
Price Global Growth Stock Fund | GLE | Mutual
Fund - Series |
| | T. Rowe
Price Global High Income Bond Fund | GHI | Mutual
Fund - Series |
| | T. Rowe
Price Global Industrials Fund | IND | Mutual
Fund - Series |
| | T. Rowe
Price Global Stock Fund | GLS | Mutual
Fund - Series |
| | T. Rowe
Price Global Unconstrained Bond Fund | GUN | Mutual
Fund - Series |
| | T. Rowe
Price International Bond Fund | IBF | Mutual
Fund - Series |
| | T. Rowe
Price International Concentrated Equity Fund | ICN | Mutual
Fund - Series |
| | T. Rowe
Price International Discovery Fund | IDF | Mutual
Fund - Series |
| | T. Rowe
Price International Growth & Income Fund | IGI | Mutual
Fund - Series |
| | T. Rowe
Price International Stock Fund | ISF | Mutual
Fund - Series |
| | T. Rowe
Price Japan Fund | JAF | Mutual
Fund - Series |
| | T. Rowe
Price Latin America Fund | LAM | Mutual
Fund - Series |
| | T. Rowe
Price New Asia Fund | NAS | Mutual
Fund - Series |
| | T.
Rowe Price Overseas Stock Fund | OSF | Mutual Fund - Series |
93
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price International Index Fund, Inc. | IIXF | Mutual Fund - Parent |
| | T. Rowe Price International Equity Index Fund | IXF | Mutual Fund - Series |
T.
Rowe Price International Series, Inc. | INS | Mutual
Fund - Parent |
| | T. Rowe
Price International Stock Portfolio | ISP | Mutual
Fund - Series |
T. Rowe Price Limited Duration Inflation Focused Bond Fund,
Inc. | STI | Mutual
Fund - Parent |
T. Rowe Price Media & Telecommunications Fund, Inc. | MTF | Mutual Fund - Parent |
T.
Rowe Price Mid-Cap Growth Fund, Inc. | MCG | Mutual
Fund - Parent |
T. Rowe Price Mid-Cap Value Fund, Inc. | MCV | Mutual
Fund - Parent |
T. Rowe Price Multi-Sector Account Portfolios, Inc. | MAPS | Mutual Fund - Parent |
| | T. Rowe Price Emerging Markets Corporate Multi-Sector
Account Portfolio | EBS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Multi-Sector Account Portfolio | ELS | Mutual
Fund - Series |
| | T. Rowe
Price Floating Rate Multi-Sector Account Portfolio | FRS | Mutual
Fund - Series |
| | T. Rowe
Price High Yield Multi-Sector Account Portfolio | HYS | Mutual
Fund - Series |
| | T. Rowe
Price Investment-Grade Corporate Multi-Sector Account Portfolio | IGS | Mutual
Fund - Series |
| | T. Rowe
Price Mortgage-Backed Securities Multi-Sector Account Portfolio | MBS | Mutual
Fund - Series |
T. Rowe Price New America Growth Fund | NAG | Mutual
Fund - Parent |
T. Rowe Price New Era Fund, Inc. | NEF | Mutual
Fund - Parent |
T. Rowe Price New Horizons Fund, Inc. | NHF | Mutual
Fund - Parent |
T. Rowe Price New Income Fund, Inc. | NIF | Mutual
Fund - Parent |
T. Rowe Price Personal Strategy Funds, Inc. | PER | Mutual
Fund - Parent |
| | T. Rowe
Price Personal Strategy Balanced Fund | PSB | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Growth Fund | PSG | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Income Fund | PSI | Mutual
Fund - Series |
T.
Rowe Price Prime Reserve Fund, Inc. | PRF | Mutual Fund |
94
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price Quantitative Management Funds, Inc. | QUANT | Mutual Fund - Parent |
| | T.
Rowe Price QM Global Equity Fund | QGE | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Small-Cap Growth Equity Fund | DSG | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Small & Mid-Cap Core Equity Fund | QSM | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Value Equity Fund | QMV | Mutual
Fund - Series |
T. Rowe Price Real Assets Fund, Inc. | RAF | Mutual
Fund - Parent |
T. Rowe Price Real Estate Fund, Inc. | REF | Mutual
Fund - Parent |
T. Rowe Price Reserve Investment Funds, Inc. | RESFDS | Mutual
Fund - Parent |
| | T. Rowe
Price Government Reserve Investment Fund | GRS | Mutual
Fund - Series |
| | T. Rowe
Price Reserve Investment Fund | RES | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Government Reserve Fund | GRI | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Reserve Fund | REI | Mutual
Fund - Series |
T. Rowe Price Science & Technology Fund, Inc. | STF | Mutual Fund - Parent |
T.
Rowe Price Short-Term Bond Fund, Inc. | STB | Mutual
Fund - Parent |
| | T. Rowe
Price Ultra Short-Term Bond Fund | SBF | Mutual
Fund - Series |
T. Rowe Price Small-Cap Stock Fund, Inc. | SCS | Mutual
Fund - Parent |
T. Rowe Price Small-Cap Value Fund, Inc. | SCV | Mutual
Fund - Parent |
T. Rowe Price State Tax-Free Income Trust | STT | Mutual
Fund - Parent |
| | Georgia
Tax-Free Bond Fund | GAB | Mutual
Fund - Series |
| | Maryland
Short-Term Tax-Free Bond Fund | MDS | Mutual
Fund - Series |
| | Maryland
Tax-Free Bond Fund | MDB | Mutual
Fund - Series |
| | Maryland
Tax-Free Money Fund | MDM | Mutual
Fund - Series |
| | New Jersey
Tax-Free Bond Fund | NJB | Mutual
Fund - Series |
| | New York
Tax-Free Bond Fund | NYB | Mutual
Fund - Series |
| | New
York Tax-Free Money Fund | NYM | Mutual Fund - Series |
95
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | Virginia
Tax-Free Bond Fund | VAB | Mutual
Fund - Series |
T. Rowe Price Summit Funds, Inc. | SIF | Mutual
Fund - Parent |
| | T. Rowe
Price Summit Cash Reserves Fund | SCR | Mutual
Fund - Series |
T. Rowe Price Summit Municipal Funds, Inc. | SMF | Mutual
Fund - Parent |
| | T. Rowe
Price Summit Municipal Income Fund | SMI | Mutual
Fund - Series |
| | T. Rowe
Price Summit Municipal Intermediate Fund | SMT | Mutual
Fund - Series |
| | T. Rowe
Price Summit Municipal Money Market Fund | SMM | Mutual
Fund - Series |
T. Rowe Price Tax-Efficient Funds, Inc. | TEF | Mutual
Fund - Parent |
| | T. Rowe
Price Tax-Efficient Equity Fund | TMC | Mutual
Fund - Series |
T. Rowe Price Tax-Exempt Money Fund, Inc. | TEM | Mutual
Fund |
T. Rowe Price Tax-Free High Yield Fund, Inc. | TFH | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Income Fund, Inc. | TFI | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS | Mutual Fund - Parent |
| | T. Rowe Price Tax-Free Ultra Short-Term Bond
Fund | TUS | Mutual
Fund - Series |
T. Rowe Price U.S. Bond Enhanced Index Fund, Inc. | UBX | Mutual Fund |
T.
Rowe Price U.S. Large-Cap Core Fund, Inc. | LCF | Mutual
Fund - Parent |
T. Rowe Price U.S. Treasury Funds, Inc. | USTF | Mutual
Fund - Parent |
| | U.S.
Treasury Intermediate Fund | USI | Mutual
Fund - Series |
| | U.S.
Treasury Long-Term Fund | USL | Mutual
Fund - Series |
| | U.S.
Treasury Money Fund | UST | Mutual
Fund - Series |
T. Rowe Price Value Fund, Inc. | VAL | Mutual
Fund - Parent |
'40
Act Registered Fund of Funds |
T. Rowe Price Retirement Funds, Inc. | RDF | Mutual Fund - Parent |
| | T. Rowe Price Retirement 2005 Fund | RPJ | Mutual Fund - Series |
| | T.
Rowe Price Retirement 2010 Fund | RPA | Mutual Fund - Series |
96
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | T.
Rowe Price Retirement 2015 Fund | RPG | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2020 Fund | RPB | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2025 Fund | RPH | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2030 Fund | RPC | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2035 Fund | RPI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2040 Fund | RPD | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2045 Fund | RPK | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2050 Fund | RPL | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2055 Fund | RPM | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2060 Fund | RPN | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced Fund | RPE | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2005 Fund—I Class | RBI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2010 Fund—I Class | RCI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2015 Fund—I Class | RDI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2020 Fund—I Class | RFI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2025 Fund—I Class | RGI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2030 Fund—I Class | RHI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2035 Fund—I Class | RII | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2040 Fund—I Class | RJI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2045 Fund—I Class | RKI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2050 Fund—I Class | RMI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2055 Fund—I Class | RNI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2060 Fund—I Class | ROI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced I Fund—I Class | RQI | Mutual
Fund - Series |
| | T.
Rowe Price Target 2005 Fund | TRA | Mutual Fund - Series |
97
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | T.
Rowe Price Target 2010 Fund | TRB | Mutual
Fund - Series |
| | T. Rowe
Price Target 2015 Fund | TRC | Mutual
Fund - Series |
| | T. Rowe
Price Target 2020 Fund | TRD | Mutual
Fund - Series |
| | T. Rowe
Price Target 2025 Fund | TRE | Mutual
Fund - Series |
| | T. Rowe
Price Target 2030 Fund | TRG | Mutual
Fund - Series |
| | T. Rowe
Price Target 2035 Fund | TRH | Mutual
Fund - Series |
| | T. Rowe
Price Target 2040 Fund | TRJ | Mutual
Fund - Series |
| | T. Rowe
Price Target 2045 Fund | TRL | Mutual
Fund - Series |
| | T. Rowe
Price Target 2050 Fund | TRM | Mutual
Fund - Series |
| | T. Rowe
Price Target 2055 Fund | TRN | Mutual
Fund - Series |
| | T. Rowe
Price Target 2060 Fund | TRO | Mutual
Fund - Series |
T. Rowe Price Spectrum Fund, Inc. | SPC | Mutual
Fund - Parent |
| | Spectrum
Growth Fund | SPG | Mutual
Fund - Series |
| | Spectrum
Income Fund | SPI | Mutual
Fund - Series |
| | Spectrum
International Fund | SPF | Mutual Fund - Series |
98
AMENDMENT
NO. 4
TO
Fund Accounting Agreement
This Amendment No. 4
(this “Amendment”) is made and entered into effective as of April 30, 2016 (“Amendment
Effective Date”) by and between each Fund listed on Exhibit A (each a “Fund” or collectively
the “Funds”) to the Fund Accounting Agreement (as defined below), T. ROWE PRICE ASSOCIATES,
INC., a Maryland corporation having its principal office located at 100 E. Pratt Street, Baltimore, Maryland
21202 (“TRP”) and THE BANK OF NEW YORK MELLON, a bank organized under the Laws of the State
of New York, having its principal office located at 255 Liberty Street, New York, New York 10286 (“BNY
Mellon”).
WHEREAS,
each Fund, TRP, and BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015
(the “Fund Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire
to amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise defined herein shall
have the meanings ascribed thereto in the Fund Accounting Agreement.
2. AMENDED SCHEDULE I
The
Fund Accounting Agreement is hereby amended by replacing Schedule I, in its entirety, with the amended
Schedule I, attached
99
hereto as Attachment A, by restating the services described under the heading
“Money Market Fund Services”.
3. EFFECT ON FUND ACCOUNTING AGREEMENT
In
the event of any inconsistency between the terms of this Amendment and the Fund Accounting Agreement,
the terms of this Amendment shall be controlling. Except as specifically and only to the extent modified
by this Amendment, all of the terms and provisions of the Fund Accounting Agreement shall continue to
remain in full force and effect.
4. GOVERNING LAW
The laws of the State
of New York and the federal laws of the United States applicable therein shall govern, construe, and
enforce all of the rights, duties, and obligations arising out of or related in any manner to, the subject
matter of this Amendment, notwithstanding any conflict of laws principles.
5. COUNTERPARTS/FACSIMILE
This
Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but
all of which taken together shall constitute one single agreement between the Parties. This Amendment
may also be executed and delivered by facsimile or email with confirmation of delivery and/or receipt.
IN WITNESS WHEREOF, each Fund, TRP, and BNY Mellon have executed
or caused this Amendment to be executed as of the Amendment Effective Date by its duly authorized representative.
100
| |
THE
BANK OF NEW YORK MELLON |
By: /s/Donald Brophy |
Name: Donald Brophy |
Title:
Vice President |
Date: 7/20/16 |
101
| |
T.
ROWE PRICE ASSOCIATES, INC. |
By: /s/David Oestreicher |
Name: David Oestreicher |
Title:
Vice President |
Date: 7/1/16 |
102
| |
On
behalf of each Fund listed in Amended Exhibit A |
By: /s/Darrell N. Braman |
Name: Darrell N. Braman |
Title:
Vice President |
Date: 7/1/16 |
103
ATTACHMENT
A
AMENDED
SCHEDULE I
Schedule
of Services
All services provided in this Schedule of Services are subject to the review and
approval of the appropriate Fund officers, Fund counsel and accountants of each Fund, as may be applicable.
The services included on this Schedule of Services may be provided by BNY Mellon or a BNY Mellon Affiliate,
collectively referred to herein as “BNY Mellon”. Additionally, the services provided shall
comply with generally accepted accounting principles, regulatory requirements and/or such TRP policies
and Instructions as applicable.
VALUATION SUPPORT AND COMPUTATION ACCOUNTING SERVICES
BNY Mellon shall provide the following valuation support and computation accounting
services for each Fund:
Journalize
investment, capital share and income and expense activities;
Maintain individual ledgers for investment securities;
Maintain
historical tax lots for each security;
Corporate action processing as more fully set forth in the
SLDs;
Reconcile
cash and investment balances of each Fund with the Fund’s custodian or other counterparties as
applicable;
Provide
a Fund’s investment adviser, as applicable, with the cash balance available for investment purposes
at start-of-day and upon request, as agreed by the parties;
Calculate capital gains and losses;
Calculate daily distribution
rate per share;
Determine
net income;
Obtain
security market quotes and currency exchange rates from pricing services approved by a Fund’s investment
adviser, or if such quotes are unavailable, then obtain such prices from the Fund’s investment
adviser, and in either case, calculate the market value of each Fund’s investments in accordance
with the Fund's valuation policies or guidelines; provided, however, that BNY Mellon shall not under
any circumstances be under a duty to independently price or value any of the Fund's investments, including
securities lending related cash collateral investments (with the exception of the services provided hereunder
to Funds utilized for such cash collateral investments), itself or to confirm or validate any information
or valuation provided by the investment adviser or any other pricing source, nor shall BNY Mellon have
any liability relating to inaccuracies or otherwise with respect to such information or valuations; notwithstanding
the foregoing, BNY Mellon shall follow the established procedures and controls to identify exceptions,
tolerance breaches, etc. and to research and resolve or escalate any pricing inaccuracies;
Application
of the established automated price validation rules against prices received from third party vendors
and review of exceptions as identified;
Calculate Net Asset Value in the manner specified in the Fund’s
Offering Materials (which, for the service described herein, shall include the Fund’s Net Asset
Value error policy);
104
Calculate
Accumulated Unit Values (“AUV”) for select funds as mutually agreed upon between the parties;
Transmit
or make available a copy of the daily portfolio valuation to a Fund’s investment adviser;
Calculate
yields, portfolio dollar-weighted average maturity and dollar-weighted average life as applicable; and
Calculate
portfolio turnover rate for inclusion in the annual and semi-annual shareholder reports.
For
money market funds, obtain security market quotes and calculate the market-value Net Asset Value in
accordance with the Fund’s valuation policies and guidelines at such times and frequencies as required
by regulation and/or instruction from TRP.
FINANCIAL REPORTING; MONEY MARKET FUND SERVICES
BNY
Mellon shall provide the following financial reporting services for each Fund:
Financial Statement
Preparation & Review
· Prepare the Fund’s annual and semi-annual shareholder
reports2 for shareholder delivery and for inclusion in Form N-CSR;
· Prepare the Fund’s
fiscal quarterly schedule of portfolio holdings2 for inclusion in Form
N-Q;
· Prepare,
circulate and maintain the Fund’s financial reporting production calendar and track status of reporting
cycles;
· Coordinate
N-SAR surveys; prepare and file (or coordinate the filing of) the Fund’s Form N-SAR; and
· Prepare
and coordinate the filing of the Fund’s monthly website files and Form N-MFP, as applicable to
money market funds.
Typesetting
Services
· Create
financial compositions for the applicable financial report and related EDGAR files;
· Maintain country codes,
industry class codes, security class codes and state codes;
· Map individual general ledger accounts into master accounts
to be displayed in the applicable financial reports;
· Create components that will specify the proper grouping and
sorting for display of portfolio information;
· Create components that will specify the proper calculation
and display of financial data required for each applicable financial report (except for identified manual
entries, which BNY Mellon will enter);
· Process, convert and load security and general ledger data;
· Include
data in financial reports provided from external parties to BNY Mellon which includes, but is not limited
to: shareholder letters, “Management Discussion and Analysis” commentary, notes on performance,
form of notes to financials, report of independent auditors, Fund management listing, service providers
listing and Fund spectrums;
105
2 Requires
“Typesetting Services” as described herein.
106
· Generate
financial reports using the Vendor’s capabilities which include the following:
o table of contents;
o schedules
of investments;
o statement
of net assets;
o statements
of assets and liabilities;
o statements of operation;
o statements of changes;
o statements
of cash flows;
o financial
highlights;
o notes
to financial statements;
o report of independent registered public accounting firm;
o tax
information; and
o additional
Fund information as mutually agreed in writing between BNY Mellon and a Fund.
· Unless mutually agreed
in writing between BNY Mellon and a Fund, solely with respect to typesetting services, BNY Mellon will
use the same layout and format for every successive reporting period for the typeset reports. At the
request of a Fund and upon the mutual written agreement of BNY Mellon and the Fund as to the scope of
any changes and additional compensation of BNY Mellon, BNY Mellon will, or will cause the Vendor to,
change the format or layout of reports from time to time.
Money Market Fund Services
· BNY Mellon shall provide
the following information in a mutually agreed upon electronic format to support the website disclosure
requirements of the Funds, subject to BNY Mellon’s timely receipt of all necessary information
related thereto that is not maintained on the BNY Mellon systems. The Funds acknowledge that BNY Mellon
is not responsible for the Funds’ website, for any servicing on the Funds’ website, or for
uploading, downloading or maintaining any information on or required to be on the Funds’ website.
o Date.
o Fund
identifier.
o Share
class.
o Market
NAV (rounded to four (4) decimal places).
o Daily
liquid assets.
o Weekly
liquid assets.
o Shareholder
inflows and outflows.
· Assist
with the preparation and filing with the SEC of Form N-CR as requested by the Fund or Adviser.
· BNY
Mellon shall, or shall cause the Vendor, to: (i) prepare, on a monthly basis, Form N-MFP, subject to
BNY Mellon’s timely receipt of all necessary information related thereto that is not maintained
on the BNY Mellon systems; and (ii) file Form N-MFP with the SEC, on a monthly basis; and
· Prepare
and provide an electronic file of the portfolio holdings information required by Rule 2a-7(h)(10) to
the Fund or, at the Fund’s written direction, to an identified third party (the
107
deliverables for the above money market fund services collectively referred to
as, the “Money Market Fund Services Reports”).
· Neither BNY Mellon nor the Vendor, in connection with a particular
Money Market Fund Services Report, will prepare, provide or generate any reports, forms or files not
specifically agreed to by BNY Mellon in advance.
· The applicable Fund acknowledges that it shall be responsible
for the retention of any Money Market Fund Services Reports in accordance with Rule 2a-7 promulgated
under the 1940 Act or any other applicable rule or regulation.
· Unless mutually agreed in writing between BNY Mellon and a
Fund, solely with respect to typesetting of the Money Market Fund Services Reports, BNY Mellon will use
the same layout and format for every successive reporting period for the Money Market Fund Services Reports.
At the request of a Fund and upon the mutual written agreement of BNY Mellon and the Fund as to the
scope of any changes and additional compensation of BNY Mellon, BNY Mellon will, or will cause the Vendor
to, customize Money Market Fund Services Reports from time to time.
TAX SUPPORT SERVICES
BNY Mellon shall provide the following tax support services
for each Fund:
Provide
various data and reports as agreed upon in the SLDs to support TRP’s tax reporting and tax filing
obligations, including:
· Wash
sales reporting;
· QDI
reporting;
· DRD
reporting;
· PFIC
analysis;
· Straddle
analysis;
· Paydown
adjustments;
· Equalization
debit adjustments
· Tax
compliance under §851, §817(h);
· Foreign
bond sale analysis (§988);
· Troubled
debt analysis;
· Estimation
of income for excise tax purposes;
· Swap
analysis;
· Inflation
adjustments;
· §1256
adjustments;
· Market
discount analysis;
· OID
adjustments;
· CPDI
analysis;
· Shareholder
tax reporting information (e.g. FTC, UGG income, foreign source income by country, exempt income by state);
Provide
data, and reports based on such data, maintained by BNY Mellon on its fund accounting platform as reasonably
requested by TRP to support TRP’s obligations to comply with requests from tax authorities
and TRP’s
tax reporting and tax filing obligations.
Assist with other tax-related data needs as mutually agreed
upon in writing from time-to-time.
108
FUND
ADMINISTRATION SERVICES
BNY Mellon shall provide the following fund administration
services for each Fund, Series and class:
Calculate Fund approved income and per share amounts required
for periodic distributions to be made by the applicable Fund, Series or class;
Coordinate a Fund’s
annual audit and respond timely and completely to related requests;
Cooperate with each
Fund’s independent auditors;
Supply various normal and customary portfolio and Fund statistical
data as requested on an ongoing basis; and
If the chief executive officer or chief financial officer
of a Fund is required to provide a certification as part of the Fund’s Form N-Q or Form N-CSR filing
pursuant to regulations promulgated by the SEC under Section 302 of the Sarbanes-Oxley Act of 2002, provide
a sub-certification in support of certain matters set forth in the aforementioned certification. Such
sub-certification is to be in such form and relating to such matters as reasonably agreed to by BNY Mellon
in advance. BNY Mellon shall be required to provide the sub-certification only during the term of this
Agreement with respect to the applicable Fund or Series and only if it receives such cooperation as it
may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification
is not itself a certification under the Sarbanes-Oxley Act of 2002 or under any other law, rule or regulation.
REGULATORY
ADMINISTRATION SERVICES
BNY Mellon shall provide the following regulatory administration
services for each Fund and Series:
Assist the Fund in responding to SEC examination requests
by providing requested documents in the possession of BNY Mellon that are on the SEC examination request
list and by making employees responsible for providing services available to regulatory authorities having
jurisdiction over the performance of such services as may be required or reasonably requested by such
regulatory authorities;
Assist with and/or coordinate such other filings, notices
and regulatory matters and other due diligence requests or requests for proposal on such terms and conditions
as BNY Mellon and the applicable Fund on behalf of itself and its Series may mutually agree upon in writing
from time to time; and
38a-1
Compliance Support Services:
· Provide compliance policies and procedures related to services
provided by BNY Mellon and, if mutually agreed, certain of the
109
BNY Mellon Affiliates; summary procedures thereof; and periodic certification
letters.
· Such
Compliance Support Services are administrative in nature and do not constitute, nor shall they be construed
as constituting, legal advice or the provision of legal services for or on behalf of a Fund or any other
person, and such services are subject to review and approval by the applicable Fund and by the Fund’s
legal counsel.
· Provide
access to Fund records so as to permit the Fund or TRP to test the performance of BNY Mellon in providing
the services under this Agreement.
· Such Compliance Support Services performed by BNY Mellon under
this Agreement shall be at the request and direction of the Fund and/or its chief compliance officer
(the “Fund’s CCO”), as applicable. BNY Mellon disclaims liability to the Fund, and
the Fund is solely responsible, for the selection, qualifications and performance of the Fund’s
CCO and the adequacy and effectiveness of the Fund’s compliance program.
110
AMENDMENT
NO. 5
TO
Fund Accounting Agreement
This Amendment No. 5 (this
“Amendment”)
is made and entered into effective as of July 19, 2016 (“Amendment Effective Date”)
by and between each Fund listed on amended Exhibit A (each a “Fund” or collectively the “Funds”),
attached hereto as attachment A, T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation
having its principal office located at 100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”)
and THE
BANK OF NEW YORK MELLON, a bank organized under the Laws of the State of New York, having its principal
office located at 255 Liberty Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS,
each Fund, TRP, and BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015
(the “Fund
Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire to
amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise
defined herein shall have the meanings ascribed thereto in the Fund Accounting Agreement.
111
2. AMENDED EXHIBIT A
The Fund Accounting Agreement is hereby amended by adding
T. Rowe Price Institutional Cash Reserves Fund as a Mutual Fund – Series of the T. Rowe Price Institutional
Income Funds, Inc.
3. EFFECT
ON FUND ACCOUNTING AGREEMENT
In the event of any
inconsistency between the terms of this Amendment and the Fund Accounting Agreement, the terms of this
Amendment shall be controlling. Except as specifically and only to the extent modified by this Amendment,
all of the terms and provisions of the Fund Accounting Agreement shall continue to remain in full force
and effect.
4. GOVERNING LAW
The laws of the State of New York and the federal laws of
the United States applicable therein shall govern, construe, and enforce all of the rights, duties, and
obligations arising out of or related in any manner to, the subject matter of this Amendment, notwithstanding
any conflict of laws principles.
5. COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts,
each of which shall be deemed an original, but all of which taken together shall constitute one single
agreement between the Parties. This Amendment may also be executed and delivered by facsimile or email
with confirmation of delivery and/or receipt.
IN WITNESS WHEREOF,
each Fund, TRP, and BNY Mellon have executed or caused this Amendment to be executed as of the Amendment
Effective Date by its duly authorized representative.
112
| |
THE
BANK OF NEW YORK MELLON |
By: /s/Donald Brophy |
Name: Donald Brophy |
Title:
Vice President |
Date: 9/2/16 |
113
| |
T.
ROWE PRICE ASSOCIATES, INC. |
By: /s/David Oestreicher |
Name: David Oestreicher |
Title:
Vice President |
Date: 8/5/16 |
114
| |
On
behalf of each Fund listed in Amended Exhibit A |
By: /s/Darrell N. Braman |
Name: Darrell N. Braman |
Title:
Vice President |
Date: 8/3/16 |
115
ATTACHMENT A
Amended Exhibit A
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
‘40
Act Registered Funds | | |
T. Rowe Price Balanced Fund, Inc. | BAL | Mutual Fund - Parent |
T.
Rowe Price Blue Chip Growth Fund, Inc. | BCG | Mutual
Fund - Parent |
T. Rowe Price California Tax-Free Income Trust | CAT | Mutual
Fund - Parent |
| | California
Tax-Free Bond Fund | CAB | Mutual
Fund - Series |
| | California
Tax-Free Money Fund | CAM | Mutual
Fund - Series |
T. Rowe Price Capital Appreciation Fund | CAF | Mutual
Fund - Parent |
T. Rowe Price Capital Opportunity Fund, Inc. | COF | Mutual
Fund - Parent |
T. Rowe Price Corporate Income Fund, Inc. | CIF | Mutual
Fund - Parent |
T. Rowe Price Credit Opportunities Fund, Inc. | CRO | Mutual
Fund - Parent |
T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. | DMG | Mutual Fund |
T.
Rowe Price Dividend Growth Fund, Inc. | DGF | Mutual
Fund - Parent |
T. Rowe Price Equity Income Fund | EIF | Mutual
Fund - Parent |
T. Rowe Price Equity Series, Inc. | EQS | Mutual
Fund - Parent |
| | T. Rowe
Price Blue Chip Growth Portfolio | BCP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Income Portfolio | EIP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Index 500 Portfolio | EXP | Mutual
Fund - Series |
| | T. Rowe
Price Health Sciences Portfolio | HSP | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Growth Portfolio | MGP | Mutual
Fund - Series |
| | T. Rowe
Price New America Growth Portfolio | NAP | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Balanced Portfolio | PSP | Mutual
Fund - Series |
T.
Rowe Price Financial Services Fund, Inc. | FSF | Mutual Fund |
116
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price Fixed Income Series, Inc. | FIS | Mutual Fund - Parent |
| | T. Rowe Price Government Money Portfolio | PRP | Mutual Fund - Series |
| | T. Rowe Price Limited-Term Bond Portfolio | LTP | Mutual Fund - Series |
T.
Rowe Price Floating Rate Fund, Inc. | FRI | Mutual
Fund - Parent |
T. Rowe Price Global Allocation Fund, Inc. | GAF | Mutual
Fund - Parent |
T. Rowe Price Global Multi-Sector Bond Fund, Inc. | SNF | Mutual Fund - Parent |
T.
Rowe Price Global Real Estate Fund, Inc. | GRE | Mutual
Fund - Parent |
T. Rowe Price Global Technology Fund, Inc. | GTF | Mutual
Fund |
T. Rowe Price GNMA Fund | GMA | Mutual
Fund |
T. Rowe Price Growth & Income Fund, Inc. | GIF | Mutual
Fund |
T. Rowe Price Growth Stock Fund, Inc. | GSF | Mutual
Fund - Parent |
T. Rowe Price Health Sciences Fund, Inc. | HSF | Mutual
Fund - Parent |
T. Rowe Price High Yield Fund, Inc. | HYF | Mutual
Fund - Parent |
T. Rowe Price Index Trust, Inc. | INDX | Mutual
Fund - Parent |
| | T. Rowe
Price Equity Index 500 Fund | EXF | Mutual
Fund - Series |
| | T. Rowe
Price Extended Equity Market Index Fund | XMX | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Index Fund | MCX | Mutual
Fund - Series |
| | T. Rowe
Price Small-Cap Index Fund | SCX | Mutual
Fund - Series |
| | T. Rowe
Price Total Equity Market Index Fund | TMX | Mutual
Fund - Series |
T. Rowe Price Inflation Protected Bond Fund, Inc. | IPB | Mutual Fund - Parent |
T.
Rowe Price Institutional Equity Funds, Inc. | IEF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Large-Cap Core Growth Fund | LCC | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Large-Cap Growth Fund | LCG | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Large-Cap Value Fund | LCV | Mutual
Fund - Series |
| | T.
Rowe Price Institutional Mid-Cap Equity Growth Fund | MCE | Mutual Fund - Series |
117
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | T.
Rowe Price Institutional Small-Cap Stock Fund | SCI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional U.S. Structured Research Fund | IRF | Mutual
Fund - Series |
T. Rowe Price Institutional Income Funds, Inc. | IINCF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Cash Reserves Fund | ICM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Core Plus Fund | ICP | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Credit Opportunities Fund | ICO | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Floating Rate Fund | IFR | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Multi-Sector Bond Fund | IGM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional High Yield Fund | HYI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Long Duration Credit Fund | LDC | Mutual
Fund - Series |
T. Rowe Price Institutional International Funds, Inc. | IIF | Mutual Fund - Parent |
| | T. Rowe Price Institutional Africa & Middle
East Fund | IAM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Bond Fund | IEB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Equity Fund | IEM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Frontier Markets Equity Fund | IFM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Focused Growth Equity Fund | IGE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Growth Equity Fund | IGL | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Value Equity Fund | IGV | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Bond Fund | IIB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Concentrated Equity Fund | ICE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Core Equity Fund | IIC | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Growth Equity Fund | FEF | Mutual
Fund - Series |
T.
Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | ITF | Mutual Fund - Parent |
118
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price International Funds, Inc. | PIF | Mutual Fund - Parent |
| | T. Rowe Price Africa & Middle East Fund | AME | Mutual Fund - Series |
| | T. Rowe Price Asia Opportunities Fund | AOF | Mutual Fund - Series |
| | T. Rowe Price Emerging Europe Fund | EEM | Mutual Fund - Series |
| | T. Rowe Price Emerging Markets Bond Fund | EMB | Mutual Fund - Series |
| | T. Rowe Price Emerging Markets Corporate Bond
Fund | EMC | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Currency Bond Fund | EML | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Stock Fund | EMS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Value Stock Fund | EMV | Mutual
Fund - Series |
| | T. Rowe
Price European Stock Fund | ESF | Mutual
Fund - Series |
| | T. Rowe
Price Global Consumer Fund | GCF | Mutual
Fund - Series |
| | T. Rowe
Price Global Growth Stock Fund | GLE | Mutual
Fund - Series |
| | T. Rowe
Price Global High Income Bond Fund | GHI | Mutual
Fund - Series |
| | T. Rowe
Price Global Industrials Fund | IND | Mutual
Fund - Series |
| | T. Rowe
Price Global Stock Fund | GLS | Mutual
Fund - Series |
| | T. Rowe
Price Global Unconstrained Bond Fund | GUN | Mutual
Fund - Series |
| | T. Rowe
Price International Bond Fund | IBF | Mutual
Fund - Series |
| | T. Rowe
Price International Concentrated Equity Fund | ICN | Mutual
Fund - Series |
| | T. Rowe
Price International Discovery Fund | IDF | Mutual
Fund - Series |
| | T. Rowe
Price International Growth & Income Fund | IGI | Mutual
Fund - Series |
| | T. Rowe
Price International Stock Fund | ISF | Mutual
Fund - Series |
| | T. Rowe
Price Japan Fund | JAF | Mutual
Fund - Series |
| | T. Rowe
Price Latin America Fund | LAM | Mutual
Fund - Series |
| | T. Rowe
Price New Asia Fund | NAS | Mutual
Fund - Series |
| | T.
Rowe Price Overseas Stock Fund | OSF | Mutual Fund - Series |
119
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price International Index Fund, Inc. | IIXF | Mutual Fund - Parent |
| | T. Rowe Price International Equity Index Fund | IXF | Mutual Fund - Series |
T.
Rowe Price International Series, Inc. | INS | Mutual
Fund - Parent |
| | T. Rowe
Price International Stock Portfolio | ISP | Mutual
Fund - Series |
T. Rowe Price Limited Duration Inflation Focused Bond Fund,
Inc. | STI | Mutual
Fund - Parent |
T. Rowe Price Media & Telecommunications Fund, Inc. | MTF | Mutual Fund - Parent |
T.
Rowe Price Mid-Cap Growth Fund, Inc. | MCG | Mutual
Fund - Parent |
T. Rowe Price Mid-Cap Value Fund, Inc. | MCV | Mutual
Fund - Parent |
T. Rowe Price Multi-Sector Account Portfolios, Inc. | MAPS | Mutual Fund - Parent |
| | T. Rowe Price Emerging Markets Corporate Multi-Sector
Account Portfolio | EBS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Multi-Sector Account Portfolio | ELS | Mutual
Fund - Series |
| | T. Rowe
Price Floating Rate Multi-Sector Account Portfolio | FRS | Mutual
Fund - Series |
| | T. Rowe
Price High Yield Multi-Sector Account Portfolio | HYS | Mutual
Fund - Series |
| | T. Rowe
Price Investment-Grade Corporate Multi-Sector Account Portfolio | IGS | Mutual
Fund - Series |
| | T. Rowe
Price Mortgage-Backed Securities Multi-Sector Account Portfolio | MBS | Mutual
Fund - Series |
T. Rowe Price New America Growth Fund | NAG | Mutual
Fund - Parent |
T. Rowe Price New Era Fund, Inc. | NEF | Mutual
Fund - Parent |
T. Rowe Price New Horizons Fund, Inc. | NHF | Mutual
Fund - Parent |
T. Rowe Price New Income Fund, Inc. | NIF | Mutual
Fund - Parent |
T. Rowe Price Personal Strategy Funds, Inc. | PER | Mutual
Fund - Parent |
| | T. Rowe
Price Personal Strategy Balanced Fund | PSB | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Growth Fund | PSG | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Income Fund | PSI | Mutual
Fund - Series |
T.
Rowe Price Prime Reserve Fund, Inc. | PRF | Mutual Fund |
120
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price Quantitative Management Funds, Inc. | QUANT | Mutual Fund - Parent |
| | T.
Rowe Price QM Global Equity Fund | QGE | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Small-Cap Growth Equity Fund | DSG | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Small & Mid-Cap Core Equity Fund | QSM | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Value Equity Fund | QMV | Mutual
Fund - Series |
T. Rowe Price Real Assets Fund, Inc. | RAF | Mutual
Fund - Parent |
T. Rowe Price Real Estate Fund, Inc. | REF | Mutual
Fund - Parent |
T. Rowe Price Reserve Investment Funds, Inc. | RESFDS | Mutual
Fund - Parent |
| | T. Rowe
Price Government Reserve Investment Fund | GRS | Mutual
Fund - Series |
| | T. Rowe
Price Reserve Investment Fund | RES | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Government Reserve Fund | GRI | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Reserve Fund | REI | Mutual
Fund - Series |
T. Rowe Price Science & Technology Fund, Inc. | STF | Mutual Fund - Parent |
T.
Rowe Price Short-Term Bond Fund, Inc. | STB | Mutual
Fund - Parent |
| | T. Rowe
Price Ultra Short-Term Bond Fund | SBF | Mutual
Fund - Series |
T. Rowe Price Small-Cap Stock Fund, Inc. | SCS | Mutual
Fund - Parent |
T. Rowe Price Small-Cap Value Fund, Inc. | SCV | Mutual
Fund - Parent |
T. Rowe Price State Tax-Free Income Trust | STT | Mutual
Fund - Parent |
| | Georgia
Tax-Free Bond Fund | GAB | Mutual
Fund - Series |
| | Maryland
Short-Term Tax-Free Bond Fund | MDS | Mutual
Fund - Series |
| | Maryland
Tax-Free Bond Fund | MDB | Mutual
Fund - Series |
| | Maryland
Tax-Free Money Fund | MDM | Mutual
Fund - Series |
| | New Jersey
Tax-Free Bond Fund | NJB | Mutual
Fund - Series |
| | New York
Tax-Free Bond Fund | NYB | Mutual
Fund - Series |
| | New
York Tax-Free Money Fund | NYM | Mutual Fund - Series |
121
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | Virginia
Tax-Free Bond Fund | VAB | Mutual
Fund - Series |
T. Rowe Price Summit Funds, Inc. | SIF | Mutual
Fund - Parent |
| | T. Rowe
Price Summit Cash Reserves Fund | SCR | Mutual
Fund - Series |
T. Rowe Price Summit Municipal Funds, Inc. | SMF | Mutual
Fund - Parent |
| | T. Rowe
Price Summit Municipal Income Fund | SMI | Mutual
Fund - Series |
| | T. Rowe
Price Summit Municipal Intermediate Fund | SMT | Mutual
Fund - Series |
| | T. Rowe
Price Summit Municipal Money Market Fund | SMM | Mutual
Fund - Series |
T. Rowe Price Tax-Efficient Funds, Inc. | TEF | Mutual
Fund - Parent |
| | T. Rowe
Price Tax-Efficient Equity Fund | TMC | Mutual
Fund - Series |
T. Rowe Price Tax-Exempt Money Fund, Inc. | TEM | Mutual
Fund |
T. Rowe Price Tax-Free High Yield Fund, Inc. | TFH | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Income Fund, Inc. | TFI | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS | Mutual Fund - Parent |
| | T. Rowe Price Tax-Free Ultra Short-Term Bond
Fund | TUS | Mutual
Fund - Series |
T. Rowe Price U.S. Bond Enhanced Index Fund, Inc. | UBX | Mutual Fund |
T.
Rowe Price U.S. Large-Cap Core Fund, Inc. | LCF | Mutual
Fund - Parent |
T. Rowe Price U.S. Treasury Funds, Inc. | USTF | Mutual
Fund - Parent |
| | U.S.
Treasury Intermediate Fund | USI | Mutual
Fund - Series |
| | U.S.
Treasury Long-Term Fund | USL | Mutual
Fund - Series |
| | U.S.
Treasury Money Fund | UST | Mutual
Fund - Series |
T. Rowe Price Value Fund, Inc. | VAL | Mutual
Fund - Parent |
'40
Act Registered Fund of Funds |
T. Rowe Price Retirement Funds, Inc. | RDF | Mutual Fund - Parent |
| | T. Rowe Price Retirement 2005 Fund | RPJ | Mutual Fund - Series |
| | T.
Rowe Price Retirement 2010 Fund | RPA | Mutual Fund - Series |
122
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | T.
Rowe Price Retirement 2015 Fund | RPG | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2020 Fund | RPB | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2025 Fund | RPH | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2030 Fund | RPC | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2035 Fund | RPI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2040 Fund | RPD | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2045 Fund | RPK | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2050 Fund | RPL | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2055 Fund | RPM | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2060 Fund | RPN | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced Fund | RPE | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2005 Fund—I Class | RBI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2010 Fund—I Class | RCI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2015 Fund—I Class | RDI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2020 Fund—I Class | RFI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2025 Fund—I Class | RGI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2030 Fund—I Class | RHI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2035 Fund—I Class | RII | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2040 Fund—I Class | RJI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2045 Fund—I Class | RKI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2050 Fund—I Class | RMI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2055 Fund—I Class | RNI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2060 Fund—I Class | ROI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced I Fund—I Class | RQI | Mutual
Fund - Series |
| | T.
Rowe Price Target 2005 Fund | TRA | Mutual Fund - Series |
123
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | T.
Rowe Price Target 2010 Fund | TRB | Mutual
Fund - Series |
| | T. Rowe
Price Target 2015 Fund | TRC | Mutual
Fund - Series |
| | T. Rowe
Price Target 2020 Fund | TRD | Mutual
Fund - Series |
| | T. Rowe
Price Target 2025 Fund | TRE | Mutual
Fund - Series |
| | T. Rowe
Price Target 2030 Fund | TRG | Mutual
Fund - Series |
| | T. Rowe
Price Target 2035 Fund | TRH | Mutual
Fund - Series |
| | T. Rowe
Price Target 2040 Fund | TRJ | Mutual
Fund - Series |
| | T. Rowe
Price Target 2045 Fund | TRL | Mutual
Fund - Series |
| | T. Rowe
Price Target 2050 Fund | TRM | Mutual
Fund - Series |
| | T. Rowe
Price Target 2055 Fund | TRN | Mutual
Fund - Series |
| | T. Rowe
Price Target 2060 Fund | TRO | Mutual
Fund - Series |
T. Rowe Price Spectrum Fund, Inc. | SPC | Mutual
Fund - Parent |
| | Spectrum
Growth Fund | SPG | Mutual
Fund - Series |
| | Spectrum
Income Fund | SPI | Mutual
Fund - Series |
| | Spectrum
International Fund | SPF | Mutual Fund - Series |
124
AMENDMENT
NO. 6
TO
Fund Accounting Agreement
This Amendment No. 6 (this
“Amendment”)
is made and entered into effective as of August 1, 2016 (“Amendment Effective Date”)
by and between each Fund listed on amended Exhibit A (each a “Fund” or collectively the “Funds”),
attached hereto as attachment A, T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation
having its principal office located at 100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”)
and THE
BANK OF NEW YORK MELLON, a bank organized under the Laws of the State of New York, having its principal
office located at 255 Liberty Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS,
each Fund, TRP, and BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015
(the “Fund
Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire to
amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise
defined herein shall have the meanings ascribed thereto in the Fund Accounting Agreement.
2. AMENDED EXHIBIT A
The
Fund Accounting Agreement is hereby amended by changing the name of the T. Rowe Price
Prime Reserve Fund, Inc. to T. Rowe Price
125
Government Money Fund, Inc.; by changing the name of the T. Rowe Price Reserve
Investment Fund to the T. Rowe Price Government Reserve Fund and by the changing the name of the T. Rowe
Price Government Reserve Investment Fund to the T. Rowe Price Treasury Reserve Fund, both Mutual Fund
- Series of T. Rowe Price Reserve Investment Funds, Inc.; and by changing the name of the T. Rowe Price
Summit Cash Reserves Fund to the T. Rowe Price Cash Reserves Fund, a Mutual Fund - Series of T. Rowe
Price Summit Funds, Inc.
3. EFFECT
ON FUND ACCOUNTING AGREEMENT
In the event of any
inconsistency between the terms of this Amendment and the Fund Accounting Agreement, the terms of this
Amendment shall be controlling. Except as specifically and only to the extent modified by this Amendment,
all of the terms and provisions of the Fund Accounting Agreement shall continue to remain in full force
and effect.
4. GOVERNING LAW
The laws of the State of New York and the federal laws of
the United States applicable therein shall govern, construe, and enforce all of the rights, duties, and
obligations arising out of or related in any manner to, the subject matter of this Amendment, notwithstanding
any conflict of laws principles.
5. COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts,
each of which shall be deemed an original, but all of which taken together shall constitute one single
agreement between the Parties. This Amendment may also be executed and delivered by facsimile or email
with confirmation of delivery and/or receipt.
126
IN WITNESS WHEREOF,
each
Fund, TRP, and BNY Mellon have executed or caused this Amendment to be executed as of the Amendment Effective
Date by its duly authorized representative.
| |
THE BANK OF NEW YORK MELLON |
By:
/s/Donald Brophy |
Name: Donald Brophy |
Title: Vice President |
Date:
8/18/16 |
127
| |
T.
ROWE PRICE ASSOCIATES, INC. |
By: /s/David Oestreicher |
Name: David Oestreicher |
Title:
Vice President |
Date: 8/5/16 |
128
| |
On
behalf of each Fund listed in Amended Exhibit A |
By: /s/Darrell N. Braman |
Name: Darrell N. Braman |
Title:
Vice President |
Date: 8/3/16 |
129
ATTACHMENT A
Amended Exhibit A
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
‘40
Act Registered Funds | | |
T. Rowe Price Balanced Fund, Inc. | BAL | Mutual Fund - Parent |
T.
Rowe Price Blue Chip Growth Fund, Inc. | BCG | Mutual
Fund - Parent |
T. Rowe Price California Tax-Free Income Trust | CAT | Mutual
Fund - Parent |
| | California
Tax-Free Bond Fund | CAB | Mutual
Fund - Series |
| | California
Tax-Free Money Fund | CAM | Mutual
Fund - Series |
T. Rowe Price Capital Appreciation Fund | CAF | Mutual
Fund - Parent |
T. Rowe Price Capital Opportunity Fund, Inc. | COF | Mutual
Fund - Parent |
T. Rowe Price Corporate Income Fund, Inc. | CIF | Mutual
Fund - Parent |
T. Rowe Price Credit Opportunities Fund, Inc. | CRO | Mutual
Fund - Parent |
T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. | DMG | Mutual Fund |
T.
Rowe Price Dividend Growth Fund, Inc. | DGF | Mutual
Fund - Parent |
T. Rowe Price Equity Income Fund | EIF | Mutual
Fund - Parent |
T. Rowe Price Equity Series, Inc. | EQS | Mutual
Fund - Parent |
| | T. Rowe
Price Blue Chip Growth Portfolio | BCP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Income Portfolio | EIP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Index 500 Portfolio | EXP | Mutual
Fund - Series |
| | T. Rowe
Price Health Sciences Portfolio | HSP | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Growth Portfolio | MGP | Mutual
Fund - Series |
| | T. Rowe
Price New America Growth Portfolio | NAP | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Balanced Portfolio | PSP | Mutual
Fund - Series |
T.
Rowe Price Financial Services Fund, Inc. | FSF | Mutual Fund |
130
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price Fixed Income Series, Inc. | FIS | Mutual Fund - Parent |
| | T. Rowe Price Government Money Portfolio | PRP | Mutual Fund - Series |
| | T. Rowe Price Limited-Term Bond Portfolio | LTP | Mutual Fund - Series |
T.
Rowe Price Floating Rate Fund, Inc. | FRI | Mutual
Fund - Parent |
T. Rowe Price Global Allocation Fund, Inc. | GAF | Mutual
Fund - Parent |
T. Rowe Price Global Multi-Sector Bond Fund, Inc. | SNF | Mutual Fund - Parent |
T.
Rowe Price Global Real Estate Fund, Inc. | GRE | Mutual
Fund - Parent |
T. Rowe Price Global Technology Fund, Inc. | GTF | Mutual
Fund |
T. Rowe Price GNMA Fund | GMA | Mutual
Fund |
T. Rowe Price Government Money Fund, Inc. | PRF | Mutual
Fund |
T. Rowe Price Growth & Income Fund, Inc. | GIF | Mutual
Fund |
T. Rowe Price Growth Stock Fund, Inc. | GSF | Mutual
Fund - Parent |
T. Rowe Price Health Sciences Fund, Inc. | HSF | Mutual
Fund - Parent |
T. Rowe Price High Yield Fund, Inc. | HYF | Mutual
Fund - Parent |
T. Rowe Price Index Trust, Inc. | INDX | Mutual
Fund - Parent |
| | T. Rowe
Price Equity Index 500 Fund | EXF | Mutual
Fund - Series |
| | T. Rowe
Price Extended Equity Market Index Fund | XMX | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Index Fund | MCX | Mutual
Fund - Series |
| | T. Rowe
Price Small-Cap Index Fund | SCX | Mutual
Fund - Series |
| | T. Rowe
Price Total Equity Market Index Fund | TMX | Mutual
Fund - Series |
T. Rowe Price Inflation Protected Bond Fund, Inc. | IPB | Mutual Fund - Parent |
T.
Rowe Price Institutional Equity Funds, Inc. | IEF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Large-Cap Core Growth Fund | LCC | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Large-Cap Growth Fund | LCG | Mutual
Fund - Series |
| | T.
Rowe Price Institutional Large-Cap Value Fund | LCV | Mutual Fund - Series |
131
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | T.
Rowe Price Institutional Mid-Cap Equity Growth Fund | MCE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Small-Cap Stock Fund | SCI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional U.S. Structured Research Fund | IRF | Mutual
Fund - Series |
T. Rowe Price Institutional Income Funds, Inc. | IINCF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Cash Reserves Fund | ICM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Core Plus Fund | ICP | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Credit Opportunities Fund | ICO | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Floating Rate Fund | IFR | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Multi-Sector Bond Fund | IGM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional High Yield Fund | HYI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Long Duration Credit Fund | LDC | Mutual
Fund - Series |
T. Rowe Price Institutional International Funds, Inc. | IIF | Mutual Fund - Parent |
| | T. Rowe Price Institutional Africa & Middle
East Fund | IAM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Bond Fund | IEB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Equity Fund | IEM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Frontier Markets Equity Fund | IFM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Focused Growth Equity Fund | IGE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Growth Equity Fund | IGL | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Value Equity Fund | IGV | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Bond Fund | IIB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Concentrated Equity Fund | ICE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Core Equity Fund | IIC | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Growth Equity Fund | FEF | Mutual
Fund - Series |
T.
Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | ITF | Mutual Fund - Parent |
132
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price International Funds, Inc. | PIF | Mutual Fund - Parent |
| | T. Rowe Price Africa & Middle East Fund | AME | Mutual Fund - Series |
| | T. Rowe Price Asia Opportunities Fund | AOF | Mutual Fund - Series |
| | T. Rowe Price Emerging Europe Fund | EEM | Mutual Fund - Series |
| | T. Rowe Price Emerging Markets Bond Fund | EMB | Mutual Fund - Series |
| | T. Rowe Price Emerging Markets Corporate Bond
Fund | EMC | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Currency Bond Fund | EML | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Stock Fund | EMS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Value Stock Fund | EMV | Mutual
Fund - Series |
| | T. Rowe
Price European Stock Fund | ESF | Mutual
Fund - Series |
| | T. Rowe
Price Global Consumer Fund | GCF | Mutual
Fund - Series |
| | T. Rowe
Price Global Growth Stock Fund | GLE | Mutual
Fund - Series |
| | T. Rowe
Price Global High Income Bond Fund | GHI | Mutual
Fund - Series |
| | T. Rowe
Price Global Industrials Fund | IND | Mutual
Fund - Series |
| | T. Rowe
Price Global Stock Fund | GLS | Mutual
Fund - Series |
| | T. Rowe
Price Global Unconstrained Bond Fund | GUN | Mutual
Fund - Series |
| | T. Rowe
Price International Bond Fund | IBF | Mutual
Fund - Series |
| | T. Rowe
Price International Concentrated Equity Fund | ICN | Mutual
Fund - Series |
| | T. Rowe
Price International Discovery Fund | IDF | Mutual
Fund - Series |
| | T. Rowe
Price International Growth & Income Fund | IGI | Mutual
Fund - Series |
| | T. Rowe
Price International Stock Fund | ISF | Mutual
Fund - Series |
| | T. Rowe
Price Japan Fund | JAF | Mutual
Fund - Series |
| | T. Rowe
Price Latin America Fund | LAM | Mutual
Fund - Series |
| | T. Rowe
Price New Asia Fund | NAS | Mutual
Fund - Series |
| | T.
Rowe Price Overseas Stock Fund | OSF | Mutual Fund - Series |
133
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price International Index Fund, Inc. | IIXF | Mutual Fund - Parent |
| | T. Rowe Price International Equity Index Fund | IXF | Mutual Fund - Series |
T.
Rowe Price International Series, Inc. | INS | Mutual
Fund - Parent |
| | T. Rowe
Price International Stock Portfolio | ISP | Mutual
Fund - Series |
T. Rowe Price Limited Duration Inflation Focused Bond Fund,
Inc. | STI | Mutual
Fund - Parent |
T. Rowe Price Media & Telecommunications Fund, Inc. | MTF | Mutual Fund - Parent |
T.
Rowe Price Mid-Cap Growth Fund, Inc. | MCG | Mutual
Fund - Parent |
T. Rowe Price Mid-Cap Value Fund, Inc. | MCV | Mutual
Fund - Parent |
T. Rowe Price Multi-Sector Account Portfolios, Inc. | MAPS | Mutual Fund - Parent |
| | T. Rowe Price Emerging Markets Corporate Multi-Sector
Account Portfolio | EBS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Multi-Sector Account Portfolio | ELS | Mutual
Fund - Series |
| | T. Rowe
Price Floating Rate Multi-Sector Account Portfolio | FRS | Mutual
Fund - Series |
| | T. Rowe
Price High Yield Multi-Sector Account Portfolio | HYS | Mutual
Fund - Series |
| | T. Rowe
Price Investment-Grade Corporate Multi-Sector Account Portfolio | IGS | Mutual
Fund - Series |
| | T. Rowe
Price Mortgage-Backed Securities Multi-Sector Account Portfolio | MBS | Mutual
Fund - Series |
T. Rowe Price New America Growth Fund | NAG | Mutual
Fund - Parent |
T. Rowe Price New Era Fund, Inc. | NEF | Mutual
Fund - Parent |
T. Rowe Price New Horizons Fund, Inc. | NHF | Mutual
Fund - Parent |
T. Rowe Price New Income Fund, Inc. | NIF | Mutual
Fund - Parent |
T. Rowe Price Personal Strategy Funds, Inc. | PER | Mutual
Fund - Parent |
| | T. Rowe
Price Personal Strategy Balanced Fund | PSB | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Growth Fund | PSG | Mutual
Fund - Series |
| | T.
Rowe Price Personal Strategy Income Fund | PSI | Mutual Fund - Series |
134
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price Quantitative Management Funds, Inc. | QUANT | Mutual Fund - Parent |
| | T.
Rowe Price QM Global Equity Fund | QGE | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Small-Cap Growth Equity Fund | DSG | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Small & Mid-Cap Core Equity Fund | QSM | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Value Equity Fund | QMV | Mutual
Fund - Series |
T. Rowe Price Real Assets Fund, Inc. | RAF | Mutual
Fund - Parent |
T. Rowe Price Real Estate Fund, Inc. | REF | Mutual
Fund - Parent |
T. Rowe Price Reserve Investment Funds, Inc. | RESFDS | Mutual
Fund - Parent |
| | T. Rowe
Price Government Reserve Fund | RES | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Government Reserve Fund | GRI | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Reserve Fund | REI | Mutual
Fund - Series |
| | T. Rowe
Price Treasury Reserve Fund | GRS | Mutual
Fund - Series |
T. Rowe Price Science & Technology Fund, Inc. | STF | Mutual Fund - Parent |
T.
Rowe Price Short-Term Bond Fund, Inc. | STB | Mutual
Fund - Parent |
| | T. Rowe
Price Ultra Short-Term Bond Fund | SBF | Mutual
Fund - Series |
T. Rowe Price Small-Cap Stock Fund, Inc. | SCS | Mutual
Fund - Parent |
T. Rowe Price Small-Cap Value Fund, Inc. | SCV | Mutual
Fund - Parent |
T. Rowe Price State Tax-Free Income Trust | STT | Mutual
Fund - Parent |
| | Georgia
Tax-Free Bond Fund | GAB | Mutual
Fund - Series |
| | Maryland
Short-Term Tax-Free Bond Fund | MDS | Mutual
Fund - Series |
| | Maryland
Tax-Free Bond Fund | MDB | Mutual
Fund - Series |
| | Maryland
Tax-Free Money Fund | MDM | Mutual
Fund - Series |
| | New Jersey
Tax-Free Bond Fund | NJB | Mutual
Fund - Series |
| | New York
Tax-Free Bond Fund | NYB | Mutual
Fund - Series |
| | New
York Tax-Free Money Fund | NYM | Mutual Fund - Series |
135
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | Virginia
Tax-Free Bond Fund | VAB | Mutual
Fund - Series |
T. Rowe Price Summit Funds, Inc. | SIF | Mutual
Fund - Parent |
| | T. Rowe
Price Cash Reserves Fund | SCR | Mutual
Fund - Series |
T. Rowe Price Summit Municipal Funds, Inc. | SMF | Mutual
Fund - Parent |
| | T. Rowe
Price Summit Municipal Income Fund | SMI | Mutual
Fund - Series |
| | T. Rowe
Price Summit Municipal Intermediate Fund | SMT | Mutual
Fund - Series |
| | T. Rowe
Price Summit Municipal Money Market Fund | SMM | Mutual
Fund - Series |
T. Rowe Price Tax-Efficient Funds, Inc. | TEF | Mutual
Fund - Parent |
| | T. Rowe
Price Tax-Efficient Equity Fund | TMC | Mutual
Fund - Series |
T. Rowe Price Tax-Exempt Money Fund, Inc. | TEM | Mutual
Fund |
T. Rowe Price Tax-Free High Yield Fund, Inc. | TFH | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Income Fund, Inc. | TFI | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS | Mutual Fund - Parent |
| | T. Rowe Price Tax-Free Ultra Short-Term Bond
Fund | TUS | Mutual
Fund - Series |
T. Rowe Price U.S. Bond Enhanced Index Fund, Inc. | UBX | Mutual Fund |
T.
Rowe Price U.S. Large-Cap Core Fund, Inc. | LCF | Mutual
Fund - Parent |
T. Rowe Price U.S. Treasury Funds, Inc. | USTF | Mutual
Fund - Parent |
| | U.S.
Treasury Intermediate Fund | USI | Mutual
Fund - Series |
| | U.S.
Treasury Long-Term Fund | USL | Mutual
Fund - Series |
| | U.S.
Treasury Money Fund | UST | Mutual
Fund - Series |
T. Rowe Price Value Fund, Inc. | VAL | Mutual
Fund - Parent |
'40
Act Registered Fund of Funds |
T. Rowe Price Retirement Funds, Inc. | RDF | Mutual Fund - Parent |
| | T. Rowe Price Retirement 2005 Fund | RPJ | Mutual Fund - Series |
| | T.
Rowe Price Retirement 2010 Fund | RPA | Mutual Fund - Series |
136
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | T.
Rowe Price Retirement 2015 Fund | RPG | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2020 Fund | RPB | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2025 Fund | RPH | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2030 Fund | RPC | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2035 Fund | RPI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2040 Fund | RPD | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2045 Fund | RPK | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2050 Fund | RPL | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2055 Fund | RPM | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2060 Fund | RPN | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced Fund | RPE | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2005 Fund—I Class | RBI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2010 Fund—I Class | RCI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2015 Fund—I Class | RDI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2020 Fund—I Class | RFI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2025 Fund—I Class | RGI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2030 Fund—I Class | RHI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2035 Fund—I Class | RII | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2040 Fund—I Class | RJI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2045 Fund—I Class | RKI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2050 Fund—I Class | RMI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2055 Fund—I Class | RNI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2060 Fund—I Class | ROI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced I Fund—I Class | RQI | Mutual
Fund - Series |
| | T.
Rowe Price Target 2005 Fund | TRA | Mutual Fund - Series |
137
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | T.
Rowe Price Target 2010 Fund | TRB | Mutual
Fund - Series |
| | T. Rowe
Price Target 2015 Fund | TRC | Mutual
Fund - Series |
| | T. Rowe
Price Target 2020 Fund | TRD | Mutual
Fund - Series |
| | T. Rowe
Price Target 2025 Fund | TRE | Mutual
Fund - Series |
| | T. Rowe
Price Target 2030 Fund | TRG | Mutual
Fund - Series |
| | T. Rowe
Price Target 2035 Fund | TRH | Mutual
Fund - Series |
| | T. Rowe
Price Target 2040 Fund | TRJ | Mutual
Fund - Series |
| | T. Rowe
Price Target 2045 Fund | TRL | Mutual
Fund - Series |
| | T. Rowe
Price Target 2050 Fund | TRM | Mutual
Fund - Series |
| | T. Rowe
Price Target 2055 Fund | TRN | Mutual
Fund - Series |
| | T. Rowe
Price Target 2060 Fund | TRO | Mutual
Fund - Series |
T. Rowe Price Spectrum Fund, Inc. | SPC | Mutual
Fund - Parent |
| | Spectrum
Growth Fund | SPG | Mutual
Fund - Series |
| | Spectrum
Income Fund | SPI | Mutual
Fund - Series |
| | Spectrum
International Fund | SPF | Mutual Fund - Series |
138
AMENDMENT
NO. 7
TO
Fund Accounting Agreement
This Amendment No. 7 (this
“Amendment”)
dated September 28, 2016 and effective as of September 6, 2016 (“Amendment Effective
Date”) by and between each Fund listed on Exhibit A (each a “Fund”
or collectively the “Funds”) to the Fund Accounting Agreement (as defined below), T.
ROWE PRICE ASSOCIATES, INC., a Maryland corporation having its principal office located
at 100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”) and THE BANK OF NEW YORK MELLON,
a bank organized under the Laws of the State of New York, having its principal office located at 255
Liberty Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS, each Fund, TRP, and
BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015 (the “Fund
Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire to
amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise
defined herein shall have the meanings ascribed thereto in the Fund Accounting Agreement.
2. AMENDED SCHEDULE I
The
Fund Accounting Agreement is hereby amended by replacing Schedule I, in its entirety, with the amended
Schedule I, attached
139
hereto as Attachment A, by restating the services described under the heading
“Money Market Fund Services”.
3. AMENDED SCHEDULE II
The
Fund Accounting Agreement is hereby amended by replacing Schedule II, in its entirety, with the amended
Schedule II, attached hereto as Attachment B, by restating NAV Error under the heading “Definitions”.
4. AMENDED SCHEDULE
IV
The Fund Accounting Agreement is hereby amended by replacing Schedule IV, in its
entirety, with the amended Schedule IV, attached hereto as Attachment C, by adding the fees described
under the heading “Money Market Fund Services Fee”.
5. EFFECT ON FUND ACCOUNTING
AGREEMENT
In the event of any inconsistency between
the terms of this Amendment and the Fund Accounting Agreement, the terms of this Amendment shall be controlling.
Except as specifically and only to the extent modified by this Amendment, all of the terms and provisions
of the Fund Accounting Agreement shall continue to remain in full force and effect.
6. GOVERNING LAW
The
laws of the State of New York and the federal laws of the United States applicable therein shall govern,
construe, and enforce all of the rights, duties, and obligations arising out of or related in any manner
to, the subject matter of this Amendment, notwithstanding any conflict of laws principles.
7. COUNTERPARTS/FACSIMILE
This
Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but
all of which taken together shall
140
constitute one single agreement between the Parties. This
Amendment may also be executed and delivered by facsimile or email with confirmation of delivery and/or
receipt.
IN WITNESS WHEREOF,
each Fund, TRP, and BNY Mellon have executed or caused this Amendment to be executed as of the Amendment
Effective Date by its duly authorized representative.
| |
THE BANK OF NEW YORK MELLON |
By:
/s/Donald Brophy |
Name: Donald Brophy |
Title: Vice President |
Date:
10/6/16 |
| |
T. ROWE PRICE ASSOCIATES, INC. |
By:
/s/David Oestreicher |
Name: David Oestreicher |
Title: Vice President |
Date:
10/4/16 |
| |
On behalf of each Fund listed in Amended Exhibit
A |
By: /s/Darrell N. Braman |
Name:
Darrell N. Braman |
Title: Vice President |
Date: 9/30/2016 |
141
ATTACHMENT
A
AMENDED
SCHEDULE I
Schedule
of Services
All services provided in this Schedule of Services are subject to the review and
approval of the appropriate Fund officers, Fund counsel and accountants of each Fund, as may be applicable.
The services included on this Schedule of Services may be provided by BNY Mellon or a BNY Mellon Affiliate,
collectively referred to herein as “BNY Mellon”. Additionally, the services provided shall
comply with generally accepted accounting principles, regulatory requirements and/or such TRP policies
and Instructions as applicable.
VALUATION SUPPORT AND COMPUTATION ACCOUNTING SERVICES
BNY Mellon shall provide the following valuation support and computation accounting
services for each Fund:
Journalize
investment, capital share and income and expense activities;
Maintain individual ledgers for investment securities;
Maintain
historical tax lots for each security;
Corporate action processing as more fully set forth in the
SLDs;
Reconcile
cash and investment balances of each Fund with the Fund’s custodian or other counterparties as
applicable;
Provide
a Fund’s investment adviser, as applicable, with the cash balance available for investment purposes
at start-of-day and upon request, as agreed by the parties;
Calculate capital gains and losses;
Calculate daily distribution
rate per share;
Determine
net income;
Obtain
security market quotes and currency exchange rates from pricing services approved by a Fund’s investment
adviser, or if such quotes are unavailable, then obtain such prices from the Fund’s investment
adviser, and in either case, calculate the market value of each Fund’s investments in accordance
with the Fund's valuation policies or guidelines; provided, however, that BNY Mellon shall not under
any circumstances be under a duty to independently price or value any of the Fund's investments, including
securities lending related cash collateral investments (with the exception of the services provided hereunder
to Funds utilized for such cash collateral investments), itself or to confirm or validate any information
or valuation provided by the investment adviser or any other pricing source, nor shall BNY Mellon have
any liability relating to inaccuracies or otherwise with respect to such information or valuations; notwithstanding
the foregoing, BNY Mellon shall follow the established procedures and controls to identify exceptions,
tolerance breaches, etc. and to research and resolve or escalate any pricing inaccuracies;
Application
of the established automated price validation rules against prices received from third party vendors
and review of exceptions as identified;
Calculate Net Asset Value in the manner specified in the Fund’s
Offering Materials (which, for the service described herein, shall include the Fund’s Net Asset
Value error policy);
142
Calculate
Accumulated Unit Values (“AUV”) for select funds as mutually agreed upon between the parties;
Transmit
or make available a copy of the daily portfolio valuation to a Fund’s investment adviser;
Calculate
yields, portfolio dollar-weighted average maturity and dollar-weighted average life as applicable; and
Calculate
portfolio turnover rate for inclusion in the annual and semi-annual shareholder reports.
For
money market funds, obtain security market quotes and calculate the market-value Net Asset Value in
accordance with the Fund’s valuation policies and guidelines at such times and frequencies as required
by regulation and/or instruction from TRP.
FINANCIAL REPORTING; MONEY MARKET FUND SERVICES
BNY
Mellon shall provide the following financial reporting services for each Fund:
Financial Statement
Preparation & Review
· Prepare the Fund’s annual and semi-annual shareholder
reports3 for shareholder delivery and for inclusion in Form N-CSR;
· Prepare the Fund’s
fiscal quarterly schedule of portfolio holdings3 for inclusion in Form
N-Q;
· Prepare,
circulate and maintain the Fund’s financial reporting production calendar and track status of reporting
cycles;
· Coordinate
N-SAR surveys; prepare and file (or coordinate the filing of) the Fund’s Form N-SAR; and
· Prepare
and coordinate the filing of the Fund’s monthly website files and Form N-MFP, as applicable to
money market funds.
Typesetting
Services
· Create
financial compositions for the applicable financial report and related EDGAR files;
· Maintain country codes,
industry class codes, security class codes and state codes;
· Map individual general ledger accounts into master accounts
to be displayed in the applicable financial reports;
· Create components that will specify the proper grouping and
sorting for display of portfolio information;
· Create components that will specify the proper calculation
and display of financial data required for each applicable financial report (except for identified manual
entries, which BNY Mellon will enter);
· Process, convert and load security and general ledger data;
· Include
data in financial reports provided from external parties to BNY Mellon which includes, but is not limited
to: shareholder letters, “Management Discussion and Analysis” commentary, notes on performance,
form of notes to financials, report of independent auditors, Fund management listing, service providers
listing and Fund spectrums;
143
3 Requires
“Typesetting Services” as described herein.
144
· Generate
financial reports using the Vendor’s capabilities which include the following:
o table of contents;
o schedules
of investments;
o statement
of net assets;
o statements
of assets and liabilities;
o statements of operation;
o statements of changes;
o statements
of cash flows;
o financial
highlights;
o notes
to financial statements;
o report of independent registered public accounting firm;
o tax
information; and
o additional
Fund information as mutually agreed in writing between BNY Mellon and a Fund.
· Unless mutually agreed
in writing between BNY Mellon and a Fund, solely with respect to typesetting services, BNY Mellon will
use the same layout and format for every successive reporting period for the typeset reports. At the
request of a Fund and upon the mutual written agreement of BNY Mellon and the Fund as to the scope of
any changes and additional compensation of BNY Mellon, BNY Mellon will, or will cause the Vendor to,
change the format or layout of reports from time to time.
Money Market Fund Services
· For each Fund requiring
an intraday “floating” Net Asset Value, BNY Mellon shall calculate Net Asset Value in the
manner specified in the Fund’s Offering Materials at the following two (2) times during a day the
Fund is open for subscription and redemption activity; (i) 12:00 PM EST; and (ii) 4:00 PM EST
inclusive
of the daily distribution factor per share. During the applicable period of the calendar year, daylight
savings times will be substituted for the above times as appropriate. The parties acknowledge the calculation
of the intraday “floating” Net Asset Values are subject to the Fund’s policies on as
of transactions, NAV error correction, and such other policies that may impact the calculation of a Fund’s
Net Asset Value.
· BNY
Mellon shall provide the following information in a mutually agreed upon electronic format to support
the website disclosure requirements of the Funds, subject to BNY Mellon’s timely receipt of all
necessary information related thereto that is not maintained on the BNY Mellon systems. The Funds acknowledge
that BNY Mellon is not responsible for the Funds’ website, for any servicing on the Funds’
website, or for uploading, downloading or maintaining any information on or required to be on the Funds’
website.
o Date.
o Fund
identifier.
o Share
class.
o Market
NAV (rounded to four (4) decimal places).
o Daily
liquid assets.
o Weekly
liquid assets.
145
Shareholder inflows and outflows.
· Assist with the preparation and filing with the SEC of Form
N-CR as requested by the Fund or Adviser.
· BNY Mellon shall, or shall cause the Vendor, to: (i) prepare,
on a monthly basis, Form N-MFP, subject to BNY Mellon’s timely receipt of all necessary information
related thereto that is not maintained on the BNY Mellon systems; and (ii) file Form N-MFP with the SEC,
on a monthly basis; and
· Prepare
and provide an electronic file of the portfolio holdings information required by Rule 2a-7(h)(10) to
the Fund or, at the Fund’s written direction, to an identified third party (the deliverables for
the above money market fund services collectively referred to as, the “Money Market Fund Services
Reports”).
· Neither
BNY Mellon nor the Vendor, in connection with a particular Money Market Fund Services Report, will prepare,
provide or generate any reports, forms or files not specifically agreed to by BNY Mellon in advance.
· The
applicable Fund acknowledges that it shall be responsible for the retention of any Money Market Fund
Services Reports in accordance with Rule 2a-7 promulgated under the 1940 Act or any other applicable
rule or regulation.
· Unless
mutually agreed in writing between BNY Mellon and a Fund, solely with respect to typesetting of the Money
Market Fund Services Reports, BNY Mellon will use the same layout and format for every successive reporting
period for the Money Market Fund Services Reports. At the request of a Fund and upon the mutual written
agreement of BNY Mellon and the Fund as to the scope of any changes and additional compensation of BNY
Mellon, BNY Mellon will, or will cause the Vendor to, customize Money Market Fund Services Reports from
time to time.
TAX SUPPORT SERVICES
BNY Mellon shall provide
the following tax support services for each Fund:
Provide various data and reports as agreed upon in the SLDs
to support TRP’s tax reporting and tax filing obligations, including:
· Wash sales reporting;
· QDI
reporting;
· DRD
reporting;
· PFIC
analysis;
· Straddle
analysis;
· Paydown
adjustments;
· Equalization
debit adjustments
· Tax
compliance under §851, §817(h);
· Foreign
bond sale analysis (§988);
· Troubled
debt analysis;
· Estimation
of income for excise tax purposes;
· Swap
analysis;
· Inflation
adjustments;
· §1256
adjustments;
· Market
discount analysis;
146
OID adjustments;
· CPDI analysis;
· Shareholder tax reporting information (e.g. FTC, UGG income,
foreign source income by country, exempt income by state);
Provide data, and reports based on such data, maintained by
BNY Mellon on its fund accounting platform as reasonably requested by TRP to support TRP’s obligations
to comply with requests from tax authorities and TRP’s tax reporting
and tax filing obligations.
Assist with other tax-related data needs as mutually agreed
upon in writing from time-to-time.
FUND ADMINISTRATION SERVICES
BNY
Mellon shall provide the following fund administration services for each Fund, Series and class:
Calculate
Fund approved income and per share amounts required for periodic distributions to be made by the applicable
Fund, Series or class;
Coordinate
a Fund’s annual audit and respond timely and completely to related requests;
Cooperate with each
Fund’s independent auditors;
Supply various normal and customary portfolio and Fund statistical
data as requested on an ongoing basis; and
If the chief executive officer or chief financial officer
of a Fund is required to provide a certification as part of the Fund’s Form N-Q or Form N-CSR filing
pursuant to regulations promulgated by the SEC under Section 302 of the Sarbanes-Oxley Act of 2002, provide
a sub-certification in support of certain matters set forth in the aforementioned certification. Such
sub-certification is to be in such form and relating to such matters as reasonably agreed to by BNY Mellon
in advance. BNY Mellon shall be required to provide the sub-certification only during the term of this
Agreement with respect to the applicable Fund or Series and only if it receives such cooperation as it
may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification
is not itself a certification under the Sarbanes-Oxley Act of 2002 or under any other law, rule or regulation.
REGULATORY
ADMINISTRATION SERVICES
BNY Mellon shall provide the following regulatory administration
services for each Fund and Series:
Assist the Fund in responding to SEC examination requests
by providing requested documents in the possession of BNY Mellon that are on the SEC examination request
list and by making employees responsible for providing services available to regulatory authorities having
jurisdiction over the performance of such services as may be required or reasonably requested by such
regulatory authorities;
147
Assist
with and/or coordinate such other filings, notices and regulatory matters and other due diligence requests
or requests for proposal on such terms and conditions as BNY Mellon and the applicable Fund on behalf
of itself and its Series may mutually agree upon in writing from time to time; and
38a-1 Compliance Support
Services:
· Provide
compliance policies and procedures related to services provided by BNY Mellon and, if mutually agreed,
certain of the BNY Mellon Affiliates; summary procedures thereof; and periodic certification letters.
· Such
Compliance Support Services are administrative in nature and do not constitute, nor shall they be construed
as constituting, legal advice or the provision of legal services for or on behalf of a Fund or any other
person, and such services are subject to review and approval by the applicable Fund and by the Fund’s
legal counsel.
· Provide
access to Fund records so as to permit the Fund or TRP to test the performance of BNY Mellon in providing
the services under this Agreement.
· Such Compliance Support Services performed by BNY Mellon under
this Agreement shall be at the request and direction of the Fund and/or its chief compliance officer
(the “Fund’s CCO”), as applicable. BNY Mellon disclaims liability to the Fund, and
the Fund is solely responsible, for the selection, qualifications and performance of the Fund’s
CCO and the adequacy and effectiveness of the Fund’s compliance program.
148
ATTACHMENT
B
AMENDED
SCHEDULE II
NAV
Error Policy
Definitions
NAV Error.
· For a fund that prices its shares to the nearest penny (e.g.,
$10.00) for transaction purposes, an NAV Error is any misstatement of the NAV that is a difference of
at least one full penny per share (without rounding) between the originally computed NAV and the correct
NAV.
· For
a fund that prices its shares to the fourth decimal place (e.g., $1.0000) for transaction purposes, an
NAV Error is any misstatement of the NAV that is a difference of at least 1/100th
of a penny per share (without rounding) between the originally computed NAV and the correct NAV.
An
NAV Error can result from an error (something done wrong), omission (something not done), or reliance
on incorrect data.
Material NAV Error. A Material NAV Error is an NAV Error
that is equal to or greater than ½ of 1% of the correct NAV.
Loss.
A Loss (also referred to as dilution) results when a fund or, in the case of a multi-class fund, a class
either (1) has paid excess redemption proceeds as a result of an overstated NAV or (2) has received insufficient
subscription monies as a result of an understated NAV (in either case, transacting shareholders benefit
from transacting at the misstated NAV, to the detriment of the fund or class).
Benefit.
A Benefit (also referred to as accretion) results when a fund or, in the case of a multi-class fund,
a class either (1) has paid insufficient redemption proceeds as a result of an understated NAV or (2)
has received excess subscription monies as a result of an overstated NAV (in either case, transacting
shareholders incur a loss from transacting at the misstated NAV, to the benefit of the fund or class).
Net
Loss.
A Net Loss for a particular fund or, in the case of a multi-class fund, a class results when aggregate
Losses exceed aggregate Benefits (i.e., net redemptions on a day the fund’s
or class’s NAV is overstated or net subscriptions on a day the fund’s or class’s NAV
is understated) during the Error Period.
Net Benefit. A Net Benefit for a particular fund or,
in the case of a multi-class fund, a class results when aggregate Benefits exceed aggregate Losses (i.e.,
net redemptions on a day the fund’s or class’s NAV is understated or net subscriptions on
a day the fund’s or class’s NAV is overstated) during the Error Period.
149
Error
Period. An Error Period comprises those days during which the circumstances causing
an NAV Error exist prior to correction.
Error Incident. An Error Incident is a single or series
of NAV Errors that results from the same act, omission, or use of incorrect data.
Correction
NAV Errors will be corrected as follows:
· If an NAV Error is less than ½ of 1% of NAV and results
in a Net Benefit, the fund will retain the benefit.
· If an NAV Error is less than ½ of 1% of NAV and results
in a Net Loss, the Net Loss will be paid to the fund by the party responsible for causing the NAV Error.
· In
the case of a Material NAV Error, shareholder transactions/accounts will be corrected/ reprocessed at
the corrected (restated) NAV, subject to a $10 per-account correction minimum threshold; any residual
Net Benefit after correction of shareholder accounts will be retained by the fund and any residual Net
Loss (resulting from uncorrected accounts below the $10 minimum threshold) will be paid to the fund by
the party responsible for causing the error. If an NAV error is not caused by either the fund accounting
agent or TRP, both TRP and the fund accounting agent will provide all reasonable assistance to the fund
in its attempt to recover all costs from the responsible third party.
· Notwithstanding any contractual provisions to the contrary,
to the extent a NAV Error was caused by the actions or omissions of the fund’s accounting agent,
any Net Loss or residual Net Loss equal to $5,000 or less that results from the same Error Incident will
be paid by the accounting agent.
TRP will be responsible for summarizing and reporting to the
funds’ Audit Committee or Trust Company’s Board (or designated committee), as applicable,
all NAV Errors related to the funds/trusts in conjunction with other relevant error statistics on a quarterly
basis. The report will include corrected NAV Errors as well as the aggregate effect of any uncorrected
NAV Errors. The report will also include information about shareholder accounts that were corrected
in the discretion of TRP in the case of an NAV Error that is not a Material NAV Error. The funds’
Audit Committee and the Trust Company’s Board shall have the authority to adjust these procedures
with respect to the funds and trusts, respectively, to the extent necessary or desirable to address NAV
Errors by providing notice thereof to TRP and the fund’s accounting agent.
Correction
of Shareholder Accounts
In the case of a Material NAV Error, corrections are made by correcting or “reprocessing”
shareholder transactions/accounts at the correct NAV. When the NAV is understated,
investors purchasing shares receive too many shares, and redeeming shareholders are paid less redemption
proceeds than that to which they are entitled. When the NAV is overstated,
investors purchasing shares receive too few shares for the amount paid and redeeming shareholders are
paid excess redemption proceeds. Thus,
150
correction
or reprocessing of shareholder accounts results in adjusting the number of shares purchased or sold to
the number that should have been acquired or sold, based on the correct NAV and the amount paid. In the
case of a full redemption at an understated NAV, the redeeming shareholder would be reimbursed directly
for the additional amount they would have received in the absence of the NAV Error (subject to the $10
per-account correction minimum). In the case of a full redemption at an overstated NAV, TRP would determine
whether to pursue reclamation of the overpayment from the shareholder (for accounts above the $10 per-account
correction minimum). If TRP elects not to pursue reclamation from the shareholder, the amount of the
overpayment will be paid in to the fund by TRP. Additionally, any reasonable losses and out-of-pocket
expenses incurred for correcting shareholder accounts will be paid by the party responsible for causing
the error.
When a fund corrects shareholder accounts (and restates its NAV), investors or
beneficial owners who hold shares through an intermediary (such as banks, broker-dealers, and defined
contribution plan recordkeepers) will be corrected in the same manner (i.e., shareholders invested through
an intermediary’s omnibus account should be transacted at the fund’s restated/official NAV).
Further, there may also be losses or benefits to shareholders if the shareholders exchanged all shares
of a fund with a Material NAV Error into another fund (“New Fund”) during an Error Period.
Should this occur, the amount of New Fund shares may also need to be corrected to reflect the correct
share amount (e.g., if a shareholder exchanges all shares of a fund with an
understated NAV into a New Fund, the shareholder will receive less proceeds and therefore less shares
of the New Fund and the New Fund account also would be corrected).
In certain circumstances,
such as, for example, where the costs of determining and administering the adjustment to shareholder
accounts are excessive in relation to the adjustment, TRP may determine to implement alternative corrective
action subject to approval by the fund’s Audit Committee or Trust Company’s Board. In such
cases, the incremental cost of any such alternative corrective action (in excess of the cost of correction
otherwise in accordance with this policy) will be borne solely by TRP.
To
the extent an NAV Error is corrected by adjusting shareholder accounts/transactions at the correct NAV
(i.e.,
the NAV is restated), the restated NAV becomes the official NAV and is used for all purposes, including
shareholder account/transaction correction, performance computations, “as of” transactions,
and financial reporting. The restated NAV is presented on shareholder statements, web postings, and in
financial reporting. If an NAV Error does not result in an NAV restatement, the original NAV remains
the official NAV used for shareholder transactions and performance computations.
Other
Error Correction Principles
For the avoidance of doubt, a gain in one fund may not be used to offset dilution
in another fund resulting from the same (or unrelated) Error Incident.
151
In
the case of an Error Period that spans multiple days, (i) shareholder accounts require correction only
on days with a Material NAV Error; and (ii) the Net Loss and the Net Benefit for each day during the
Error Period (and the residual Net Loss and/or residual Net Benefit if there are Material NAV Errors
on certain days) will be aggregated for purposes of determining the Net Benefit or Net Loss for the Error
Period. The Net Benefit or Net Loss for the Error Period will be subject to correction as noted above
(i.e.,
Net Benefit for the Error Period retained by the fund and Net Loss for the Error Period paid to the fund
by the party responsible for causing the error).
An NAV Error is evaluated for each NAV
calculation during an Error Period. Accordingly, a multi-class fund could have an NAV Error in one class
but not another on the same day (e.g., in the case of an improper class expense
accrual). Further, it is possible that the same Error Incident causes an NAV Error, or a Material NAV
Error, on one or several days but not all consecutive days during the Error Period (e.g.,
an unrecorded corporate action results in an improper share position that causes the NAV impact to fluctuate
above/below a full cent (or above/below ½ of 1%) on different days prior to discovery and correction).
In
the situation when there is an NAV Error for a fund in which a fund-of-funds invests (an underlying fund),
the impact to the fund-of-funds’ NAV should only be considered if the underlying fund restates
its NAV. So, if an underlying fund has an NAV error < ½ of 1% and does not restate its NAV, its
original NAV remains its official NAV, and the fund-of-funds would not have an NAV error.
In the
case of any Material NAV Error, TRP may elect to allow benefited shareholders to retain an undue gain
(i.e., subscribing shareholders who receive too
many shares as a result of an understated NAV or redeeming shareholders who receive excess proceeds due
to an overstated NAV) so long as TRP makes the fund whole for the resultant Net Loss. TRP may decide
on this course of action, for example, to minimize the number of shareholders affected by correction
and, thereby, minimize reputational risk, re-processing efforts, etc. Additionally, TRP may elect to
correct shareholder accounts for errors with less than ½ of 1% NAV impact, for example to minimize
the amount that must be paid in to make a fund whole, subject to TRP’s reporting such corrections
to the fund’s Audit Committee and following procedures designed to ensure that all affected shareholders
are treated fairly.
152
AMENDMENT
NO. 8
TO
Fund Accounting Agreement
This Amendment No. 8 (this
“Amendment”)
is made and entered into effective as of October 25, 2016 (“Amendment Effective Date”)
by and between each Fund listed on amended Exhibit A (each a “Fund” or collectively the “Funds”),
attached hereto as attachment A, T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation
having its principal office located at 100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”)
and THE
BANK OF NEW YORK MELLON, a bank organized under the Laws of the State of New York, having its principal
office located at 255 Liberty Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS,
each Fund, TRP, and BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015
(the “Fund
Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire to
amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise
defined herein shall have the meanings ascribed thereto in the Fund Accounting Agreement.
2. AMENDED EXHIBIT A
The
Fund Accounting Agreement is hereby amended by changing the name of the T. Rowe Price
Short-Term Reserve Fund to T. Rowe Price
153
Short-Term Fund; by changing the name of the T. Rowe Price Short-Term Government
Reserve Fund to the T. Rowe Price Short-Term Government Fund; by changing the Entity Type of the T. Rowe
Price Financial Services Fund, Inc. to Mutual Fund – Parent; by changing the Entity Type of the
T. Rowe Price Global Technology Fund, Inc. to Mutual Fund – Parent; by changing the Entity
Type of the T. Rowe Price Growth & Income Fund, Inc. to Mutual Fund – Parent; and by adding
the T. Rowe Price Total Return Fund, Inc. as a Mutual Fund – Parent.
3. EFFECT ON FUND ACCOUNTING AGREEMENT
In
the event of any inconsistency between the terms of this Amendment and the Fund Accounting Agreement,
the terms of this Amendment shall be controlling. Except as specifically and only to the extent modified
by this Amendment, all of the terms and provisions of the Fund Accounting Agreement shall continue to
remain in full force and effect.
4. GOVERNING
LAW
The laws of the State of New York and the federal laws of
the United States applicable therein shall govern, construe, and enforce all of the rights, duties, and
obligations arising out of or related in any manner to, the subject matter of this Amendment, notwithstanding
any conflict of laws principles.
5. COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts,
each of which shall be deemed an original, but all of which taken together shall constitute one single
agreement between the Parties. This Amendment may also be executed and delivered by facsimile or email
with confirmation of delivery and/or receipt.
154
IN
WITNESS WHEREOF, each Fund, TRP, and BNY Mellon have executed or caused this Amendment to be executed
as of the Amendment Effective Date by its duly authorized representative.
| |
THE BANK OF NEW YORK MELLON |
By: /s/Donald Brophy |
Name:
Donald Brophy |
Title: Vice President |
Date: 11-3-16 |
155
| |
T.
ROWE PRICE ASSOCIATES, INC. |
By: /s/David Oestreicher |
Name: David Oestreicher |
Title:
Vice President |
Date: 10/16/16 |
156
| |
On
behalf of each Fund listed in Amended Exhibit A |
By: /s/Darrell N. Braman |
Name: Darrell N. Braman |
Title:
Vice President |
Date: 10/14/16 |
157
ATTACHMENT A
Amended Exhibit A
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
‘40
Act Registered Funds | | |
T. Rowe Price Balanced Fund, Inc. | BAL | Mutual Fund - Parent |
T.
Rowe Price Blue Chip Growth Fund, Inc. | BCG | Mutual
Fund - Parent |
T. Rowe Price California Tax-Free Income Trust | CAT | Mutual
Fund - Parent |
| | California
Tax-Free Bond Fund | CAB | Mutual
Fund - Series |
| | California
Tax-Free Money Fund | CAM | Mutual
Fund - Series |
T. Rowe Price Capital Appreciation Fund | CAF | Mutual
Fund - Parent |
T. Rowe Price Capital Opportunity Fund, Inc. | COF | Mutual
Fund - Parent |
T. Rowe Price Corporate Income Fund, Inc. | CIF | Mutual
Fund - Parent |
T. Rowe Price Credit Opportunities Fund, Inc. | CRO | Mutual
Fund - Parent |
T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. | DMG | Mutual Fund |
T.
Rowe Price Dividend Growth Fund, Inc. | DGF | Mutual
Fund - Parent |
T. Rowe Price Equity Income Fund | EIF | Mutual
Fund - Parent |
T. Rowe Price Equity Series, Inc. | EQS | Mutual
Fund - Parent |
| | T. Rowe
Price Blue Chip Growth Portfolio | BCP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Income Portfolio | EIP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Index 500 Portfolio | EXP | Mutual
Fund - Series |
| | T. Rowe
Price Health Sciences Portfolio | HSP | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Growth Portfolio | MGP | Mutual
Fund - Series |
| | T. Rowe
Price New America Growth Portfolio | NAP | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Balanced Portfolio | PSP | Mutual
Fund - Series |
T.
Rowe Price Financial Services Fund, Inc. | FSF | Mutual Fund - Parent |
158
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price Fixed Income Series, Inc. | FIS | Mutual Fund - Parent |
| | T. Rowe Price Government Money Portfolio | PRP | Mutual Fund - Series |
| | T. Rowe Price Limited-Term Bond Portfolio | LTP | Mutual Fund - Series |
T.
Rowe Price Floating Rate Fund, Inc. | FRI | Mutual
Fund - Parent |
T. Rowe Price Global Allocation Fund, Inc. | GAF | Mutual
Fund - Parent |
T. Rowe Price Global Multi-Sector Bond Fund, Inc. | SNF | Mutual Fund - Parent |
T.
Rowe Price Global Real Estate Fund, Inc. | GRE | Mutual
Fund - Parent |
T. Rowe Price Global Technology Fund, Inc. | GTF | Mutual
Fund - Parent |
T. Rowe Price GNMA Fund | GMA | Mutual
Fund |
T. Rowe Price Government Money Fund, Inc. | PRF | Mutual
Fund |
T. Rowe Price Growth & Income Fund, Inc. | GIF | Mutual
Fund - Parent |
T. Rowe Price Growth Stock Fund, Inc. | GSF | Mutual
Fund - Parent |
T. Rowe Price Health Sciences Fund, Inc. | HSF | Mutual
Fund - Parent |
T. Rowe Price High Yield Fund, Inc. | HYF | Mutual
Fund - Parent |
T. Rowe Price Index Trust, Inc. | INDX | Mutual
Fund - Parent |
| | T. Rowe
Price Equity Index 500 Fund | EXF | Mutual
Fund - Series |
| | T. Rowe
Price Extended Equity Market Index Fund | XMX | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Index Fund | MCX | Mutual
Fund - Series |
| | T. Rowe
Price Small-Cap Index Fund | SCX | Mutual
Fund - Series |
| | T. Rowe
Price Total Equity Market Index Fund | TMX | Mutual
Fund - Series |
T. Rowe Price Inflation Protected Bond Fund, Inc. | IPB | Mutual Fund - Parent |
T.
Rowe Price Institutional Equity Funds, Inc. | IEF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Large-Cap Core Growth Fund | LCC | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Large-Cap Growth Fund | LCG | Mutual
Fund - Series |
| | T.
Rowe Price Institutional Large-Cap Value Fund | LCV | Mutual Fund - Series |
159
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | T.
Rowe Price Institutional Mid-Cap Equity Growth Fund | MCE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Small-Cap Stock Fund | SCI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional U.S. Structured Research Fund | IRF | Mutual
Fund - Series |
T. Rowe Price Institutional Income Funds, Inc. | IINCF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Cash Reserves Fund | ICM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Core Plus Fund | ICP | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Credit Opportunities Fund | ICO | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Floating Rate Fund | IFR | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Multi-Sector Bond Fund | IGM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional High Yield Fund | HYI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Long Duration Credit Fund | LDC | Mutual
Fund - Series |
T. Rowe Price Institutional International Funds, Inc. | IIF | Mutual Fund - Parent |
| | T. Rowe Price Institutional Africa & Middle
East Fund | IAM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Bond Fund | IEB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Equity Fund | IEM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Frontier Markets Equity Fund | IFM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Focused Growth Equity Fund | IGE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Growth Equity Fund | IGL | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Value Equity Fund | IGV | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Bond Fund | IIB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Concentrated Equity Fund | ICE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Core Equity Fund | IIC | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Growth Equity Fund | FEF | Mutual
Fund - Series |
T.
Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | ITF | Mutual Fund - Parent |
160
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price International Funds, Inc. | PIF | Mutual Fund - Parent |
| | T. Rowe Price Africa & Middle East Fund | AME | Mutual Fund - Series |
| | T. Rowe Price Asia Opportunities Fund | AOF | Mutual Fund - Series |
| | T. Rowe Price Emerging Europe Fund | EEM | Mutual Fund - Series |
| | T. Rowe Price Emerging Markets Bond Fund | EMB | Mutual Fund - Series |
| | T. Rowe Price Emerging Markets Corporate Bond
Fund | EMC | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Currency Bond Fund | EML | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Stock Fund | EMS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Value Stock Fund | EMV | Mutual
Fund - Series |
| | T. Rowe
Price European Stock Fund | ESF | Mutual
Fund - Series |
| | T. Rowe
Price Global Consumer Fund | GCF | Mutual
Fund - Series |
| | T. Rowe
Price Global Growth Stock Fund | GLE | Mutual
Fund - Series |
| | T. Rowe
Price Global High Income Bond Fund | GHI | Mutual
Fund - Series |
| | T. Rowe
Price Global Industrials Fund | IND | Mutual
Fund - Series |
| | T. Rowe
Price Global Stock Fund | GLS | Mutual
Fund - Series |
| | T. Rowe
Price Global Unconstrained Bond Fund | GUN | Mutual
Fund - Series |
| | T. Rowe
Price International Bond Fund | IBF | Mutual
Fund - Series |
| | T. Rowe
Price International Concentrated Equity Fund | ICN | Mutual
Fund - Series |
| | T. Rowe
Price International Discovery Fund | IDF | Mutual
Fund - Series |
| | T. Rowe
Price International Growth & Income Fund | IGI | Mutual
Fund - Series |
| | T. Rowe
Price International Stock Fund | ISF | Mutual
Fund - Series |
| | T. Rowe
Price Japan Fund | JAF | Mutual
Fund - Series |
| | T. Rowe
Price Latin America Fund | LAM | Mutual
Fund - Series |
| | T. Rowe
Price New Asia Fund | NAS | Mutual
Fund - Series |
| | T.
Rowe Price Overseas Stock Fund | OSF | Mutual Fund - Series |
161
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price International Index Fund, Inc. | IIXF | Mutual Fund - Parent |
| | T. Rowe Price International Equity Index Fund | IXF | Mutual Fund - Series |
T.
Rowe Price International Series, Inc. | INS | Mutual
Fund - Parent |
| | T. Rowe
Price International Stock Portfolio | ISP | Mutual
Fund - Series |
T. Rowe Price Limited Duration Inflation Focused Bond Fund,
Inc. | STI | Mutual
Fund - Parent |
T. Rowe Price Media & Telecommunications Fund, Inc. | MTF | Mutual Fund - Parent |
T.
Rowe Price Mid-Cap Growth Fund, Inc. | MCG | Mutual
Fund - Parent |
T. Rowe Price Mid-Cap Value Fund, Inc. | MCV | Mutual
Fund - Parent |
T. Rowe Price Multi-Sector Account Portfolios, Inc. | MAPS | Mutual Fund - Parent |
| | T. Rowe Price Emerging Markets Corporate Multi-Sector
Account Portfolio | EBS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Multi-Sector Account Portfolio | ELS | Mutual
Fund - Series |
| | T. Rowe
Price Floating Rate Multi-Sector Account Portfolio | FRS | Mutual
Fund - Series |
| | T. Rowe
Price High Yield Multi-Sector Account Portfolio | HYS | Mutual
Fund - Series |
| | T. Rowe
Price Investment-Grade Corporate Multi-Sector Account Portfolio | IGS | Mutual
Fund - Series |
| | T. Rowe
Price Mortgage-Backed Securities Multi-Sector Account Portfolio | MBS | Mutual
Fund - Series |
T. Rowe Price New America Growth Fund | NAG | Mutual
Fund - Parent |
T. Rowe Price New Era Fund, Inc. | NEF | Mutual
Fund - Parent |
T. Rowe Price New Horizons Fund, Inc. | NHF | Mutual
Fund - Parent |
T. Rowe Price New Income Fund, Inc. | NIF | Mutual
Fund - Parent |
T. Rowe Price Personal Strategy Funds, Inc. | PER | Mutual
Fund - Parent |
| | T. Rowe
Price Personal Strategy Balanced Fund | PSB | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Growth Fund | PSG | Mutual
Fund - Series |
| | T.
Rowe Price Personal Strategy Income Fund | PSI | Mutual Fund - Series |
162
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
T. Rowe Price Quantitative Management Funds, Inc. | QUANT | Mutual Fund - Parent |
| | T.
Rowe Price QM Global Equity Fund | QGE | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Small-Cap Growth Equity Fund | DSG | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Small & Mid-Cap Core Equity Fund | QSM | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Value Equity Fund | QMV | Mutual
Fund - Series |
T. Rowe Price Real Assets Fund, Inc. | RAF | Mutual
Fund - Parent |
T. Rowe Price Real Estate Fund, Inc. | REF | Mutual
Fund - Parent |
T. Rowe Price Reserve Investment Funds, Inc. | RESFDS | Mutual
Fund - Parent |
| | T. Rowe
Price Government Reserve Fund | RES | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Government Fund | GRI | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Fund | REI | Mutual
Fund - Series |
| | T. Rowe
Price Treasury Reserve Fund | GRS | Mutual
Fund - Series |
T. Rowe Price Science & Technology Fund, Inc. | STF | Mutual Fund - Parent |
T.
Rowe Price Short-Term Bond Fund, Inc. | STB | Mutual
Fund - Parent |
| | T. Rowe
Price Ultra Short-Term Bond Fund | SBF | Mutual
Fund - Series |
T. Rowe Price Small-Cap Stock Fund, Inc. | SCS | Mutual
Fund - Parent |
T. Rowe Price Small-Cap Value Fund, Inc. | SCV | Mutual
Fund - Parent |
T. Rowe Price State Tax-Free Income Trust | STT | Mutual
Fund - Parent |
| | Georgia
Tax-Free Bond Fund | GAB | Mutual
Fund - Series |
| | Maryland
Short-Term Tax-Free Bond Fund | MDS | Mutual
Fund - Series |
| | Maryland
Tax-Free Bond Fund | MDB | Mutual
Fund - Series |
| | Maryland
Tax-Free Money Fund | MDM | Mutual
Fund - Series |
| | New Jersey
Tax-Free Bond Fund | NJB | Mutual
Fund - Series |
| | New York
Tax-Free Bond Fund | NYB | Mutual
Fund - Series |
| | New
York Tax-Free Money Fund | NYM | Mutual Fund - Series |
163
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | Virginia
Tax-Free Bond Fund | VAB | Mutual
Fund - Series |
T. Rowe Price Summit Funds, Inc. | SIF | Mutual
Fund - Parent |
| | T. Rowe
Price Cash Reserves Fund | SCR | Mutual
Fund - Series |
T. Rowe Price Summit Municipal Funds, Inc. | SMF | Mutual
Fund - Parent |
| | T. Rowe
Price Summit Municipal Income Fund | SMI | Mutual
Fund - Series |
| | T. Rowe
Price Summit Municipal Intermediate Fund | SMT | Mutual
Fund - Series |
| | T. Rowe
Price Summit Municipal Money Market Fund | SMM | Mutual
Fund - Series |
T. Rowe Price Tax-Efficient Funds, Inc. | TEF | Mutual
Fund - Parent |
| | T. Rowe
Price Tax-Efficient Equity Fund | TMC | Mutual
Fund - Series |
T. Rowe Price Tax-Exempt Money Fund, Inc. | TEM | Mutual
Fund |
T. Rowe Price Tax-Free High Yield Fund, Inc. | TFH | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Income Fund, Inc. | TFI | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS | Mutual Fund - Parent |
| | T. Rowe Price Tax-Free Ultra Short-Term Bond
Fund | TUS | Mutual
Fund - Series |
T. Rowe Price Total Return Fund, Inc. | TTF | Mutual
Fund - Parent |
T. Rowe Price U.S. Bond Enhanced Index Fund, Inc. | UBX | Mutual Fund |
T.
Rowe Price U.S. Large-Cap Core Fund, Inc. | LCF | Mutual
Fund - Parent |
T. Rowe Price U.S. Treasury Funds, Inc. | USTF | Mutual
Fund - Parent |
| | U.S.
Treasury Intermediate Fund | USI | Mutual
Fund - Series |
| | U.S.
Treasury Long-Term Fund | USL | Mutual
Fund - Series |
| | U.S.
Treasury Money Fund | UST | Mutual
Fund - Series |
T. Rowe Price Value Fund, Inc. | VAL | Mutual
Fund - Parent |
'40
Act Registered Fund of Funds |
T. Rowe Price Retirement Funds, Inc. | RDF | Mutual Fund - Parent |
| | T.
Rowe Price Retirement 2005 Fund | RPJ | Mutual Fund - Series |
164
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | T.
Rowe Price Retirement 2010 Fund | RPA | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2015 Fund | RPG | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2020 Fund | RPB | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2025 Fund | RPH | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2030 Fund | RPC | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2035 Fund | RPI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2040 Fund | RPD | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2045 Fund | RPK | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2050 Fund | RPL | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2055 Fund | RPM | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2060 Fund | RPN | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced Fund | RPE | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2005 Fund—I Class | RBI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2010 Fund—I Class | RCI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2015 Fund—I Class | RDI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2020 Fund—I Class | RFI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2025 Fund—I Class | RGI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2030 Fund—I Class | RHI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2035 Fund—I Class | RII | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2040 Fund—I Class | RJI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2045 Fund—I Class | RKI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2050 Fund—I Class | RMI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2055 Fund—I Class | RNI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2060 Fund—I Class | ROI | Mutual
Fund - Series |
| | T.
Rowe Price Retirement Balanced I Fund—I Class | RQI | Mutual Fund - Series |
165
| | | | |
Mutual Fund Entity Name | Reference ID | Entity Type |
| | T.
Rowe Price Target 2005 Fund | TRA | Mutual
Fund - Series |
| | T. Rowe
Price Target 2010 Fund | TRB | Mutual
Fund - Series |
| | T. Rowe
Price Target 2015 Fund | TRC | Mutual
Fund - Series |
| | T. Rowe
Price Target 2020 Fund | TRD | Mutual
Fund - Series |
| | T. Rowe
Price Target 2025 Fund | TRE | Mutual
Fund - Series |
| | T. Rowe
Price Target 2030 Fund | TRG | Mutual
Fund - Series |
| | T. Rowe
Price Target 2035 Fund | TRH | Mutual
Fund - Series |
| | T. Rowe
Price Target 2040 Fund | TRJ | Mutual
Fund - Series |
| | T. Rowe
Price Target 2045 Fund | TRL | Mutual
Fund - Series |
| | T. Rowe
Price Target 2050 Fund | TRM | Mutual
Fund - Series |
| | T. Rowe
Price Target 2055 Fund | TRN | Mutual
Fund - Series |
| | T. Rowe
Price Target 2060 Fund | TRO | Mutual
Fund - Series |
T. Rowe Price Spectrum Fund, Inc. | SPC | Mutual
Fund - Parent |
| | Spectrum
Growth Fund | SPG | Mutual
Fund - Series |
| | Spectrum
Income Fund | SPI | Mutual
Fund - Series |
| | Spectrum
International Fund | SPF | Mutual Fund - Series |
166
AMENDMENT NO. 9
TO
FUND ACCOUNTING AGREEMENT
This
Amendment
No.
9
(this
“Amendment”)
is
made
and
entered
into
effective
as
of
December
22,
2016
(“Amendment
Effective
Date”)
by
and
between
each
Fund
listed
on
Exhibit
A
(each
a
“Fund”
or
collectively
the
“Funds”)
to
the
Fund
Accounting
Agreement
(as
defined
below),
T.
ROWE
PRICE
ASSOCIATES,
INC.,
a
Maryland
corporation
having
its
principal
office
located
at
100
E.
Pratt
Street,
Baltimore,
Maryland
21202
(“TRP”)
and
THE
BANK
OF
NEW
YORK
MELLON,
a
bank
organized
under
the
Laws
of
the
State
of
New
York,
having
its
principal
office
located
at
255
Liberty
Street,
New
York,
New
York
10286
(“BNY
Mellon”).
The
Funds,
TRP
and
BNY
Mellon
are
collectively
referred
to
as
the
“Parties”
and
individually
as
a
“Party.”
WHEREAS, each Fund, TRP and BNY Mellon have entered
into
a
Fund
Accounting
Agreement,
dated
as
of
August
1,
2015,
as
amended,
modified
or
otherwise
supplemented
(the
“Fund
Accounting
Agreement”);
and
WHEREAS, each Fund, TRP and BNY Mellon desire to amend the Fund Accounting
Agreement
to
reflect
certain
changes
as
set
forth
in
this
Amendment.
NOW, THEREFORE, in consideration
for
the
mutual
promises
contained
herein
and
other
good
and
valuable
consideration,
intending
to
be
legally
bound,
each
Fund,
TRP
and
BNY
Mellon
hereby
agree
as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment
and
not
otherwise
defined
herein
shall
have
the
meanings
ascribed
thereto
in
the
Fund
Accounting
Agreement.
2. AMENDMENT
(a) Section
5(n)
of
the
Fund
Accounting
Agreement
is
hereby
amended
by
deleting
the
words
“two
(2)
years”
from
both
clause
(i)
and
(ii)
and
inserting
in
lieu
thereof
the
words “three (3) years”.
(b) Section
10(c)(v)
of
the
Fund
Accounting
Agreement
is
hereby
amended
by
deleting
the
words
“two
(2)
years”
and
inserting
in
lieu
thereof
the
words
“three
(3) years”.
(c) Section
10
of
the
Fund
Accounting
Agreement
is
hereby
amended
by
adding
the
following
as
a
new
Section
10(g):
“For
the
avoidance
of
doubt,
following
the
delivery
of
any
notice
of
termination
pursuant
to
this
Section
167
10, BNY Mellon shall continue
to
provide
the
services
pursuant
to
this
Agreement
until
the
effective
date
of
such
termination
as
specified
in
such
notice.
In
addition,
during
such
period,
to
the
extent
reasonably
requested
by
the
Fund,
BNY
Mellon
shall
provide
reasonable
disengagement-related
assistance,
on
terms
to
be
mutually
agreed
upon in advance by the parties cooperating in good faith.”
(d) Schedule
IV
of
the
Fund
Accounting
Agreement
is
hereby
amended
by
deleting
in
its
entirety
the
section
entitled
PLATFORM
FEE
and
replacing
it
with
the
language
set forth on Schedule I to this Amendment.
3. EFFECT
ON
FUND
ACCOUNTING
AGREEMENT
In the event of any inconsistency
between
the
terms
of
this
Amendment
and
the
Fund
Accounting
Agreement,
the
terms
of
this
Amendment
shall
be
controlling.
Except
as
specifically
and
only
to
the
extent
modified
by
this
Amendment,
all
of
the
terms
and
provisions
of
the
Fund
Accounting
Agreement
shall
continue
to
remain
in
full
force
and
effect.
4. GOVERNING
LAW
The laws of the State of New York and the federal
laws
of
the
United
States
applicable
therein
shall
govern,
construe,
and
enforce
all
of
the
rights,
duties,
and
obligations
arising
out
of
or
related
in
any
manner
to,
the
subject
matter
of
this
Amendment,
notwithstanding
any
conflict
of
laws
principles.
5. COUNTERPARTS/FACSIMILE
This Amendment
may
be
executed
in
any
number
of
counterparts,
each
of
which
shall
be
deemed
an
original,
but
all
of
which
taken
together
shall
constitute
one
single
agreement
between
the
Parties.
This
Amendment
may
also
be
executed
and
delivered
by
facsimile
or
email
with
confirmation
of
delivery
and/or
receipt.
IN WITNESS WHEREOF, each Fund, TRP and BNY Mellon have executed
or
caused
this
Amendment
to
be
executed
as
of
the
Amendment
Effective
Date
by
its
duly
authorized
representative.
168
| | |
T. ROWE PRICE ASSOCIATES, INC. | THE
BANK OF NEW YORK MELLON |
By: /s/ David Oestreicher | By: /s/ Donald Brophy |
Name:
David Oestreicher | Name: Donald Brophy |
Title: Vice President | Title: Vice President |
| |
ON BEHALF
OF EACH FUND LISTED IN EXHIBIT A TO THE FUND ACCOUNTING AGREEMENT |
By:
/s/ Darrell N. Braman |
Name: Darrell N. Braman |
Title: Vice President |
169
AMENDMENT
NO. 10
TO
Fund Accounting Agreement
This Amendment No. 10
(this “Amendment”)
is made and entered into effective as of May 9, 2017 (“Amendment Effective Date”)
by and between each Fund listed on amended Exhibit A (each a “Fund” or collectively the “Funds”),
attached hereto as attachment A, T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation
having its principal office located at 100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”)
and THE
BANK OF NEW YORK MELLON, a bank organized under the Laws of the State of New York, having its principal
office located at 255 Liberty Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS,
each Fund, TRP, and BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015
(the “Fund
Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire to
amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise
defined herein shall have the meanings ascribed thereto in the Fund Accounting Agreement.
2. AMENDED EXHIBIT A
The
Fund Accounting Agreement is hereby amended by changing the Entity Type
of T. Rowe Price Diversified Mid-Cap Growth Fund, Inc., T. Rowe Price
170
GNMA Fund, T. Rowe Price Government Money Fund, Inc., and
T. Rowe Price Tax-Exempt Money Fund, Inc. to Mutual Fund – Parent; by adding T. Rowe Price Retirement
Income 2020 Fund as a Mutual Fund – Series on behalf of T. Rowe Price Retirement Funds, Inc.; by
changing the name of T. Rowe Price Global Unconstrained Bond Fund to T. Rowe Price Dynamic Global Bond
Fund on behalf of T. Rowe Price International Funds, Inc.; by changing the name of T. Rowe Price International
Growth & Income Fund to T. Rowe Price International Value Equity Fund on behalf of T. Rowe Price
International Funds, Inc.; and by adding T. Rowe Price U.S. High Yield Fund on behalf of T. Rowe Price
High Yield Fund, Inc.
3. EFFECT
ON FUND ACCOUNTING AGREEMENT
In the event of any
inconsistency between the terms of this Amendment and the Fund Accounting Agreement, the terms of this
Amendment shall be controlling. Except as specifically and only to the extent modified by this Amendment,
all of the terms and provisions of the Fund Accounting Agreement shall continue to remain in full force
and effect.
4. GOVERNING LAW
The laws of the State of New York and the federal laws of
the United States applicable therein shall govern, construe, and enforce all of the rights, duties, and
obligations arising out of or related in any manner to, the subject matter of this Amendment, notwithstanding
any conflict of laws principles.
5. COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts,
each of which shall be deemed an original, but all of which taken together shall constitute one single
agreement between the Parties. This Amendment may also be executed and delivered by facsimile or email
with confirmation of delivery and/or receipt.
171
IN
WITNESS WHEREOF, each Fund, TRP, and BNY Mellon have executed or caused this Amendment to be executed
as of the Amendment Effective Date by its duly authorized representative.
| |
THE BANK OF NEW YORK MELLON |
By: /s/Douglas Merrill |
Name:
Douglas Merrill |
Title: Managing Director |
Date: 5/5/2017 |
172
| |
T.
ROWE PRICE ASSOCIATES, INC. |
By: /s/ David Oestreicher |
Name: David Oestreicher |
Title:
Vice President |
Date: 5/4/17 |
173
| |
On
behalf of each Fund listed in Amended Exhibit A |
By: /s/ Darrell N. Braman |
Name: Darrell N. Braman |
Title:
Vice President |
Date: 5/4/17 |
174
ATTACHMENT A
Amended Exhibit A
| | | | |
Mutual Fund Entity Name | Reference ID | Entity
Type |
‘40
Act Registered Funds | | |
T. Rowe
Price Balanced Fund, Inc. | BAL | Mutual
Fund - Parent |
T. Rowe Price Blue Chip Growth Fund, Inc. | BCG | Mutual
Fund - Parent |
T. Rowe Price California Tax-Free Income Trust | CAT | Mutual
Fund - Parent |
| | California
Tax-Free Bond Fund | CAB | Mutual
Fund - Series |
| | California
Tax-Free Money Fund | CAM | Mutual
Fund - Series |
T. Rowe Price Capital Appreciation Fund | CAF | Mutual
Fund - Parent |
T. Rowe Price Capital Opportunity Fund, Inc. | COF | Mutual
Fund - Parent |
T. Rowe Price Corporate Income Fund, Inc. | CIF | Mutual
Fund - Parent |
T. Rowe Price Credit Opportunities Fund, Inc. | CRO | Mutual
Fund - Parent |
T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. | DMG | Mutual Fund - Parent |
T.
Rowe Price Dividend Growth Fund, Inc. | DGF | Mutual
Fund - Parent |
T. Rowe Price Equity Income Fund | EIF | Mutual
Fund - Parent |
T. Rowe Price Equity Series, Inc. | EQS | Mutual
Fund - Parent |
| | T. Rowe
Price Blue Chip Growth Portfolio | BCP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Income Portfolio | EIP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Index 500 Portfolio | EXP | Mutual
Fund - Series |
| | T. Rowe
Price Health Sciences Portfolio | HSP | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Growth Portfolio | MGP | Mutual
Fund - Series |
| | T. Rowe
Price New America Growth Portfolio | NAP | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Balanced Portfolio | PSP | Mutual
Fund - Series |
T.
Rowe Price Financial Services Fund, Inc. | FSF | Mutual Fund - Parent |
175
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
T. Rowe Price Fixed Income Series, Inc. | FIS | Mutual Fund - Parent |
| | T. Rowe Price Government Money Portfolio | PRP | Mutual Fund - Series |
| | T. Rowe Price Limited-Term Bond Portfolio | LTP | Mutual Fund - Series |
T.
Rowe Price Floating Rate Fund, Inc. | FRI | Mutual
Fund - Parent |
T. Rowe Price Global Allocation Fund, Inc. | GAF | Mutual
Fund - Parent |
T. Rowe Price Global Multi-Sector Bond Fund, Inc. | SNF | Mutual Fund - Parent |
T.
Rowe Price Global Real Estate Fund, Inc. | GRE | Mutual
Fund - Parent |
T. Rowe Price Global Technology Fund, Inc. | GTF | Mutual
Fund - Parent |
T. Rowe Price GNMA Fund | GMA | Mutual
Fund - Parent |
T. Rowe Price Government Money Fund, Inc. | PRF | Mutual
Fund - Parent |
T. Rowe Price Growth & Income Fund, Inc. | GIF | Mutual Fund - Parent |
T.
Rowe Price Growth Stock Fund, Inc. | GSF | Mutual
Fund - Parent |
T. Rowe Price Health Sciences Fund, Inc. | HSF | Mutual
Fund - Parent |
T. Rowe Price High Yield Fund, Inc. | HYF | Mutual
Fund - Parent |
| | T. Rowe
Price U.S. High Yield Fund | UHY | Mutual
Fund - Series |
T. Rowe Price Index Trust, Inc. | INDX | Mutual
Fund - Parent |
| | T. Rowe
Price Equity Index 500 Fund | EXF | Mutual
Fund - Series |
| | T. Rowe
Price Extended Equity Market Index Fund | XMX | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Index Fund | MCX | Mutual
Fund - Series |
| | T. Rowe
Price Small-Cap Index Fund | SCX | Mutual
Fund - Series |
| | T. Rowe
Price Total Equity Market Index Fund | TMX | Mutual
Fund - Series |
T. Rowe Price Inflation Protected Bond Fund, Inc. | IPB | Mutual Fund - Parent |
T.
Rowe Price Institutional Equity Funds, Inc. | IEF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Large-Cap Core Growth Fund | LCC | Mutual
Fund - Series |
| | T.
Rowe Price Institutional Large-Cap Growth Fund | LCG | Mutual Fund - Series |
176
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Institutional Large-Cap Value Fund | LCV | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Mid-Cap Equity Growth Fund | MCE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Small-Cap Stock Fund | SCI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional U.S. Structured Research Fund | IRF | Mutual
Fund - Series |
T. Rowe Price Institutional Income Funds, Inc. | IINCF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Cash Reserves Fund | ICM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Core Plus Fund | ICP | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Credit Opportunities Fund | ICO | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Floating Rate Fund | IFR | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Multi-Sector Bond Fund | IGM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional High Yield Fund | HYI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Long Duration Credit Fund | LDC | Mutual
Fund - Series |
T. Rowe Price Institutional International Funds, Inc. | IIF | Mutual Fund - Parent |
| | T. Rowe Price Institutional Africa & Middle
East Fund | IAM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Bond Fund | IEB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Equity Fund | IEM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Frontier Markets Equity Fund | IFM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Focused Growth Equity Fund | IGE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Growth Equity Fund | IGL | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Value Equity Fund | IGV | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Bond Fund | IIB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Concentrated Equity Fund | ICE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Core Equity Fund | IIC | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Growth Equity Fund | FEF | Mutual
Fund - Series |
T.
Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | ITF | Mutual Fund - Parent |
177
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
T. Rowe Price International Funds, Inc. | PIF | Mutual Fund - Parent |
| | T. Rowe Price Africa & Middle East Fund | AME | Mutual Fund - Series |
| | T. Rowe Price Asia Opportunities Fund | AOF | Mutual Fund - Series |
| | T. Rowe Price Dynamic Global Bond Fund | GUN | Mutual Fund - Series |
| | T. Rowe Price Emerging Europe Fund | EEM | Mutual Fund - Series |
| | T. Rowe Price Emerging Markets Bond Fund | EMB | Mutual Fund - Series |
| | T. Rowe Price Emerging Markets Corporate Bond
Fund | EMC | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Currency Bond Fund | EML | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Stock Fund | EMS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Value Stock Fund | EMV | Mutual
Fund - Series |
| | T. Rowe
Price European Stock Fund | ESF | Mutual
Fund - Series |
| | T. Rowe
Price Global Consumer Fund | GCF | Mutual
Fund - Series |
| | T. Rowe
Price Global Growth Stock Fund | GLE | Mutual
Fund - Series |
| | T. Rowe
Price Global High Income Bond Fund | GHI | Mutual
Fund - Series |
| | T. Rowe
Price Global Industrials Fund | IND | Mutual
Fund - Series |
| | T. Rowe
Price Global Stock Fund | GLS | Mutual
Fund - Series |
| | T. Rowe
Price International Bond Fund | IBF | Mutual
Fund - Series |
| | T. Rowe
Price International Concentrated Equity Fund | ICN | Mutual
Fund - Series |
| | T. Rowe
Price International Discovery Fund | IDF | Mutual
Fund - Series |
| | T. Rowe
Price International Stock Fund | ISF | Mutual
Fund - Series |
| | T. Rowe
Price International Value Equity Fund | IGI | Mutual
Fund - Series |
| | T. Rowe
Price Japan Fund | JAF | Mutual
Fund - Series |
| | T. Rowe
Price Latin America Fund | LAM | Mutual
Fund - Series |
| | T. Rowe
Price New Asia Fund | NAS | Mutual
Fund - Series |
| | T.
Rowe Price Overseas Stock Fund | OSF | Mutual Fund - Series |
178
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
T. Rowe Price International Index Fund, Inc. | IIXF | Mutual Fund - Parent |
| | T. Rowe Price International Equity Index Fund | IXF | Mutual Fund - Series |
T.
Rowe Price International Series, Inc. | INS | Mutual
Fund - Parent |
| | T. Rowe
Price International Stock Portfolio | ISP | Mutual
Fund - Series |
T. Rowe Price Limited Duration Inflation Focused Bond Fund,
Inc. | STI | Mutual
Fund - Parent |
T. Rowe Price Media & Telecommunications Fund, Inc. | MTF | Mutual Fund - Parent |
T.
Rowe Price Mid-Cap Growth Fund, Inc. | MCG | Mutual
Fund - Parent |
T. Rowe Price Mid-Cap Value Fund, Inc. | MCV | Mutual
Fund - Parent |
T. Rowe Price Multi-Sector Account Portfolios, Inc. | MAPS | Mutual Fund - Parent |
| | T. Rowe Price Emerging Markets Corporate Multi-Sector
Account Portfolio | EBS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Multi-Sector Account Portfolio | ELS | Mutual
Fund - Series |
| | T. Rowe
Price Floating Rate Multi-Sector Account Portfolio | FRS | Mutual
Fund - Series |
| | T. Rowe
Price High Yield Multi-Sector Account Portfolio | HYS | Mutual
Fund - Series |
| | T. Rowe
Price Investment-Grade Corporate Multi-Sector Account Portfolio | IGS | Mutual
Fund - Series |
| | T. Rowe
Price Mortgage-Backed Securities Multi-Sector Account Portfolio | MBS | Mutual
Fund - Series |
T. Rowe Price New America Growth Fund | NAG | Mutual
Fund - Parent |
T. Rowe Price New Era Fund, Inc. | NEF | Mutual
Fund - Parent |
T. Rowe Price New Horizons Fund, Inc. | NHF | Mutual
Fund - Parent |
T. Rowe Price New Income Fund, Inc. | NIF | Mutual
Fund - Parent |
T. Rowe Price Personal Strategy Funds, Inc. | PER | Mutual
Fund - Parent |
| | T. Rowe
Price Personal Strategy Balanced Fund | PSB | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Growth Fund | PSG | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Income Fund | PSI | Mutual
Fund - Series |
T.
Rowe Price Quantitative Management Funds, Inc. | QUANT | Mutual Fund - Parent |
179
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price QM Global Equity Fund | QGE | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Small-Cap Growth Equity Fund | DSG | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Small & Mid-Cap Core Equity Fund | QSM | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Value Equity Fund | QMV | Mutual
Fund - Series |
T. Rowe Price Real Assets Fund, Inc. | RAF | Mutual
Fund - Parent |
T. Rowe Price Real Estate Fund, Inc. | REF | Mutual
Fund - Parent |
T. Rowe Price Reserve Investment Funds, Inc. | RESFDS | Mutual
Fund - Parent |
| | T. Rowe
Price Government Reserve Fund | RES | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Government Fund | GRI | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Fund | REI | Mutual
Fund - Series |
| | T. Rowe
Price Treasury Reserve Fund | GRS | Mutual
Fund - Series |
T. Rowe Price Science & Technology Fund, Inc. | STF | Mutual Fund - Parent |
T.
Rowe Price Short-Term Bond Fund, Inc. | STB | Mutual
Fund - Parent |
| | T. Rowe
Price Ultra Short-Term Bond Fund | SBF | Mutual
Fund - Series |
T. Rowe Price Small-Cap Stock Fund, Inc. | SCS | Mutual
Fund - Parent |
T. Rowe Price Small-Cap Value Fund, Inc. | SCV | Mutual
Fund - Parent |
T. Rowe Price State Tax-Free Income Trust | STT | Mutual
Fund - Parent |
| | Georgia
Tax-Free Bond Fund | GAB | Mutual
Fund - Series |
| | Maryland
Short-Term Tax-Free Bond Fund | MDS | Mutual
Fund - Series |
| | Maryland
Tax-Free Bond Fund | MDB | Mutual
Fund - Series |
| | Maryland
Tax-Free Money Fund | MDM | Mutual
Fund - Series |
| | New Jersey
Tax-Free Bond Fund | NJB | Mutual
Fund - Series |
| | New York
Tax-Free Bond Fund | NYB | Mutual
Fund - Series |
| | New York
Tax-Free Money Fund | NYM | Mutual
Fund - Series |
| | Virginia
Tax-Free Bond Fund | VAB | Mutual Fund - Series |
180
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
T. Rowe Price Summit Funds, Inc. | SIF | Mutual Fund - Parent |
| | T. Rowe Price Cash Reserves Fund | SCR | Mutual Fund - Series |
T.
Rowe Price Summit Municipal Funds, Inc. | SMF | Mutual
Fund - Parent |
| | T. Rowe
Price Summit Municipal Income Fund | SMI | Mutual
Fund - Series |
| | T. Rowe
Price Summit Municipal Intermediate Fund | SMT | Mutual
Fund - Series |
| | T. Rowe
Price Summit Municipal Money Market Fund | SMM | Mutual
Fund - Series |
T. Rowe Price Tax-Efficient Funds, Inc. | TEF | Mutual
Fund - Parent |
| | T. Rowe
Price Tax-Efficient Equity Fund | TMC | Mutual
Fund - Series |
T. Rowe Price Tax-Exempt Money Fund, Inc. | TEM | Mutual
Fund - Parent |
T. Rowe Price Tax-Free High Yield Fund, Inc. | TFH | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Income Fund, Inc. | TFI | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS | Mutual Fund - Parent |
| | T. Rowe Price Tax-Free Ultra Short-Term Bond
Fund | TUS | Mutual
Fund - Series |
T. Rowe Price Total Return Fund, Inc. | TTF | Mutual
Fund - Parent |
T. Rowe Price U.S. Bond Enhanced Index Fund, Inc. | UBX | Mutual Fund |
T.
Rowe Price U.S. Large-Cap Core Fund, Inc. | LCF | Mutual
Fund - Parent |
T. Rowe Price U.S. Treasury Funds, Inc. | USTF | Mutual
Fund - Parent |
| | U.S.
Treasury Intermediate Fund | USI | Mutual
Fund - Series |
| | U.S.
Treasury Long-Term Fund | USL | Mutual
Fund - Series |
| | U.S.
Treasury Money Fund | UST | Mutual
Fund - Series |
T. Rowe Price Value Fund, Inc. | VAL | Mutual
Fund - Parent |
'40
Act Registered Fund of Funds |
T. Rowe Price Retirement Funds, Inc. | RDF | Mutual Fund - Parent |
| | T. Rowe Price Retirement 2005 Fund | RPJ | Mutual Fund - Series |
| | T.
Rowe Price Retirement 2010 Fund | RPA | Mutual Fund - Series |
181
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Retirement 2015 Fund | RPG | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2020 Fund | RPB | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2025 Fund | RPH | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2030 Fund | RPC | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2035 Fund | RPI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2040 Fund | RPD | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2045 Fund | RPK | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2050 Fund | RPL | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2055 Fund | RPM | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2060 Fund | RPN | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced Fund | RPE | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Income 2020 Fund | RIB | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2005 Fund—I Class | RBI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2010 Fund—I Class | RCI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2015 Fund—I Class | RDI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2020 Fund—I Class | RFI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2025 Fund—I Class | RGI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2030 Fund—I Class | RHI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2035 Fund—I Class | RII | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2040 Fund—I Class | RJI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2045 Fund—I Class | RKI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2050 Fund—I Class | RMI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2055 Fund—I Class | RNI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2060 Fund—I Class | ROI | Mutual
Fund - Series |
| | T.
Rowe Price Retirement Balanced I Fund—I Class | RQI | Mutual Fund - Series |
182
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Target 2005 Fund | TRA | Mutual
Fund - Series |
| | T. Rowe
Price Target 2010 Fund | TRB | Mutual
Fund - Series |
| | T. Rowe
Price Target 2015 Fund | TRC | Mutual
Fund - Series |
| | T. Rowe
Price Target 2020 Fund | TRD | Mutual
Fund - Series |
| | T. Rowe
Price Target 2025 Fund | TRE | Mutual
Fund - Series |
| | T. Rowe
Price Target 2030 Fund | TRG | Mutual
Fund - Series |
| | T. Rowe
Price Target 2035 Fund | TRH | Mutual
Fund - Series |
| | T. Rowe
Price Target 2040 Fund | TRJ | Mutual
Fund - Series |
| | T. Rowe
Price Target 2045 Fund | TRL | Mutual
Fund - Series |
| | T. Rowe
Price Target 2050 Fund | TRM | Mutual
Fund - Series |
| | T. Rowe
Price Target 2055 Fund | TRN | Mutual
Fund - Series |
| | T. Rowe
Price Target 2060 Fund | TRO | Mutual
Fund - Series |
T. Rowe Price Spectrum Fund, Inc. | SPC | Mutual
Fund - Parent |
| | Spectrum
Growth Fund | SPG | Mutual
Fund - Series |
| | Spectrum
Income Fund | SPI | Mutual
Fund - Series |
| | Spectrum
International Fund | SPF | Mutual Fund - Series |
183
AMENDMENT
NO. 11
TO
Fund Accounting Agreement
This Amendment No. 11
(this “Amendment”)
is made and entered into effective as of July 17, 2017 (“Amendment Effective Date”)
by and between each Fund listed on amended Exhibit A (each a “Fund” or collectively the “Funds”),
attached hereto as attachment A, T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation
having its principal office located at 100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”)
and THE
BANK OF NEW YORK MELLON, a bank organized under the Laws of the State of New York, having its principal
office located at 255 Liberty Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS,
each Fund, TRP, and BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015
(the “Fund
Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire to
amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise
defined herein shall have the meanings ascribed thereto in the Fund Accounting Agreement.
2. AMENDED EXHIBIT A
The
Fund Accounting Agreement is hereby amended adding T. Rowe Price Multi-Strategy Total Return Fund, Inc.
as a Mutual Fund – Parent; by adding
184
T. Rowe Price Capital Appreciation Fund, Inc. as a Mutual Fund – Parent;
by
changing
the T. Rowe Price International Bond Fund (USD Hedged) as a Mutual Fund – Series on behalf of T.
Rowe Price International Funds, Inc.; and by removing T. Rowe Price Tax-Free Ultra Short-Term Bond Fund
on behalf of T. Rowe Price Tax-Free Short-Intermediate Fund, Inc.
3. EFFECT ON FUND ACCOUNTING AGREEMENT
In
the event of any inconsistency between the terms of this Amendment and the Fund Accounting Agreement,
the terms of this Amendment shall be controlling. Except as specifically and only to the extent modified
by this Amendment, all of the terms and provisions of the Fund Accounting Agreement shall continue to
remain in full force and effect.
4. GOVERNING
LAW
The laws of the State of New York and the federal laws of
the United States applicable therein shall govern, construe, and enforce all of the rights, duties, and
obligations arising out of or related in any manner to, the subject matter of this Amendment, notwithstanding
any conflict of laws principles.
5. COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts,
each of which shall be deemed an original, but all of which taken together shall constitute one single
agreement between the Parties. This Amendment may also be executed and delivered by facsimile or email
with confirmation of delivery and/or receipt.
IN WITNESS WHEREOF, each Fund, TRP, and BNY Mellon have executed
or caused this Amendment to be executed as of the Amendment Effective Date by its duly authorized representative.
185
| |
THE
BANK OF NEW YORK MELLON |
By: /s/Donald Brophy |
Name:
Donald Brophy |
Title:
Vice President |
Date:
8-10-17 |
186
| |
T.
ROWE PRICE ASSOCIATES, INC. |
By: /s/David Oestreicher |
Name: David Oestreicher |
Title: Vice President |
Date:
|
187
| |
On
behalf of each Fund listed in Amended Exhibit A |
By: /s/Darrell N. Braman |
Name: Darrell N. Braman |
Title: Vice President |
Date:
|
188
ATTACHMENT A
Amended Exhibit A
| | | | |
Mutual Fund Entity Name | Reference ID | Entity
Type |
‘40
Act Registered Funds | | |
T. Rowe
Price Balanced Fund, Inc. | BAL | Mutual
Fund - Parent |
T. Rowe Price Blue Chip Growth Fund, Inc. | BCG | Mutual
Fund - Parent |
T. Rowe Price California Tax-Free Income Trust | CAT | Mutual
Fund - Parent |
| | California
Tax-Free Bond Fund | CAB | Mutual
Fund - Series |
| | California
Tax-Free Money Fund | CAM | Mutual
Fund - Series |
T. Rowe Price Capital Appreciation Fund | CAF | Mutual
Fund - Parent |
T. Rowe Price Capital Appreciation & Income Fund, Inc. | CAN | Mutual Fund - Parent |
T.
Rowe Price Capital Opportunity Fund, Inc. | COF | Mutual
Fund - Parent |
T. Rowe Price Corporate Income Fund, Inc. | CIF | Mutual
Fund - Parent |
T. Rowe Price Credit Opportunities Fund, Inc. | CRO | Mutual
Fund - Parent |
T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. | DMG | Mutual Fund - Parent |
T.
Rowe Price Dividend Growth Fund, Inc. | DGF | Mutual
Fund - Parent |
T. Rowe Price Equity Income Fund | EIF | Mutual
Fund - Parent |
T. Rowe Price Equity Series, Inc. | EQS | Mutual
Fund - Parent |
| | T. Rowe
Price Blue Chip Growth Portfolio | BCP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Income Portfolio | EIP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Index 500 Portfolio | EXP | Mutual
Fund - Series |
| | T. Rowe
Price Health Sciences Portfolio | HSP | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Growth Portfolio | MGP | Mutual
Fund - Series |
| | T. Rowe
Price New America Growth Portfolio | NAP | Mutual
Fund - Series |
| | T.
Rowe Price Personal Strategy Balanced Portfolio | PSP | Mutual Fund - Series |
189
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
T. Rowe Price Financial Services Fund, Inc. | FSF | Mutual Fund - Parent |
T.
Rowe Price Fixed Income Series, Inc. | FIS | Mutual
Fund - Parent |
| | T. Rowe
Price Government Money Portfolio | PRP | Mutual
Fund - Series |
| | T. Rowe
Price Limited-Term Bond Portfolio | LTP | Mutual
Fund - Series |
T. Rowe Price Floating Rate Fund, Inc. | FRI | Mutual
Fund - Parent |
T. Rowe Price Global Allocation Fund, Inc. | GAF | Mutual
Fund - Parent |
T. Rowe Price Global Multi-Sector Bond Fund, Inc. | SNF | Mutual Fund - Parent |
T.
Rowe Price Global Real Estate Fund, Inc. | GRE | Mutual
Fund - Parent |
T. Rowe Price Global Technology Fund, Inc. | GTF | Mutual
Fund - Parent |
T. Rowe Price GNMA Fund | GMA | Mutual
Fund - Parent |
T. Rowe Price Government Money Fund, Inc. | PRF | Mutual
Fund - Parent |
T. Rowe Price Growth & Income Fund, Inc. | GIF | Mutual Fund - Parent |
T.
Rowe Price Growth Stock Fund, Inc. | GSF | Mutual
Fund - Parent |
T. Rowe Price Health Sciences Fund, Inc. | HSF | Mutual
Fund - Parent |
T. Rowe Price High Yield Fund, Inc. | HYF | Mutual
Fund - Parent |
| | T. Rowe
Price U.S. High Yield Fund | UHY | Mutual
Fund - Series |
T. Rowe Price Index Trust, Inc. | INDX | Mutual
Fund - Parent |
| | T. Rowe
Price Equity Index 500 Fund | EXF | Mutual
Fund - Series |
| | T. Rowe
Price Extended Equity Market Index Fund | XMX | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Index Fund | MCX | Mutual
Fund - Series |
| | T. Rowe
Price Small-Cap Index Fund | SCX | Mutual
Fund - Series |
| | T. Rowe
Price Total Equity Market Index Fund | TMX | Mutual
Fund - Series |
T. Rowe Price Inflation Protected Bond Fund, Inc. | IPB | Mutual Fund - Parent |
T.
Rowe Price Institutional Equity Funds, Inc. | IEF | Mutual
Fund - Parent |
| | T.
Rowe Price Institutional Large-Cap Core Growth Fund | LCC | Mutual Fund - Series |
190
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Institutional Large-Cap Growth Fund | LCG | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Large-Cap Value Fund | LCV | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Mid-Cap Equity Growth Fund | MCE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Small-Cap Stock Fund | SCI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional U.S. Structured Research Fund | IRF | Mutual
Fund - Series |
T. Rowe Price Institutional Income Funds, Inc. | IINCF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Cash Reserves Fund | ICM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Core Plus Fund | ICP | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Credit Opportunities Fund | ICO | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Floating Rate Fund | IFR | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Multi-Sector Bond Fund | IGM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional High Yield Fund | HYI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Long Duration Credit Fund | LDC | Mutual
Fund - Series |
T. Rowe Price Institutional International Funds, Inc. | IIF | Mutual Fund - Parent |
| | T. Rowe Price Institutional Africa & Middle
East Fund | IAM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Bond Fund | IEB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Equity Fund | IEM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Frontier Markets Equity Fund | IFM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Focused Growth Equity Fund | IGE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Growth Equity Fund | IGL | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Value Equity Fund | IGV | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Bond Fund | IIB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Concentrated Equity Fund | ICE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Core Equity Fund | IIC | Mutual
Fund - Series |
| | T.
Rowe Price Institutional International Growth Equity Fund | FEF | Mutual Fund - Series |
191
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
T. Rowe Price Intermediate Tax-Free High Yield
Fund, Inc. | ITF | Mutual
Fund - Parent |
T. Rowe Price International Funds, Inc. | PIF | Mutual
Fund - Parent |
| | T. Rowe
Price Africa & Middle East Fund | AME | Mutual
Fund - Series |
| | T. Rowe
Price Asia Opportunities Fund | AOF | Mutual
Fund - Series |
| | T. Rowe
Price Dynamic Global Bond Fund | GUN | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Europe Fund | EEM | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Bond Fund | EMB | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Corporate Bond Fund | EMC | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Currency Bond Fund | EML | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Stock Fund | EMS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Value Stock Fund | EMV | Mutual
Fund - Series |
| | T. Rowe
Price European Stock Fund | ESF | Mutual
Fund - Series |
| | T. Rowe
Price Global Consumer Fund | GCF | Mutual
Fund - Series |
| | T. Rowe
Price Global Growth Stock Fund | GLE | Mutual
Fund - Series |
| | T. Rowe
Price Global High Income Bond Fund | GHI | Mutual
Fund - Series |
| | T. Rowe
Price Global Industrials Fund | IND | Mutual
Fund - Series |
| | T. Rowe
Price Global Stock Fund | GLS | Mutual
Fund - Series |
| | T. Rowe
Price International Bond Fund | IBF | Mutual
Fund - Series |
| | T. Rowe
Price International Bond Fund (USD Hedged) | IBH | Mutual
Fund - Series |
| | T. Rowe
Price International Concentrated Equity Fund | ICN | Mutual
Fund - Series |
| | T. Rowe
Price International Discovery Fund | IDF | Mutual
Fund - Series |
| | T. Rowe
Price International Stock Fund | ISF | Mutual
Fund - Series |
| | T. Rowe
Price International Value Equity Fund | IGI | Mutual
Fund - Series |
| | T. Rowe
Price Japan Fund | JAF | Mutual
Fund - Series |
| | T.
Rowe Price Latin America Fund | LAM | Mutual Fund - Series |
192
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price New Asia Fund | NAS | Mutual
Fund - Series |
| | T. Rowe
Price Overseas Stock Fund | OSF | Mutual
Fund - Series |
T. Rowe Price International Index Fund, Inc. | IIXF | Mutual
Fund - Parent |
| | T. Rowe
Price International Equity Index Fund | IXF | Mutual
Fund - Series |
T. Rowe Price International Series, Inc. | INS | Mutual
Fund - Parent |
| | T. Rowe
Price International Stock Portfolio | ISP | Mutual
Fund - Series |
T. Rowe Price Limited Duration Inflation Focused Bond Fund,
Inc. | STI | Mutual
Fund - Parent |
T. Rowe Price Media & Telecommunications Fund, Inc. | MTF | Mutual Fund - Parent |
T.
Rowe Price Mid-Cap Growth Fund, Inc. | MCG | Mutual
Fund - Parent |
T. Rowe Price Mid-Cap Value Fund, Inc. | MCV | Mutual
Fund - Parent |
T. Rowe Price Multi-Sector Account Portfolios, Inc. | MAPS | Mutual Fund - Parent |
| | T. Rowe Price Emerging Markets Corporate Multi-Sector
Account Portfolio | EBS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Multi-Sector Account Portfolio | ELS | Mutual
Fund - Series |
| | T. Rowe
Price Floating Rate Multi-Sector Account Portfolio | FRS | Mutual
Fund - Series |
| | T. Rowe
Price High Yield Multi-Sector Account Portfolio | HYS | Mutual
Fund - Series |
| | T. Rowe
Price Investment-Grade Corporate Multi-Sector Account Portfolio | IGS | Mutual
Fund - Series |
| | T. Rowe
Price Mortgage-Backed Securities Multi-Sector Account Portfolio | MBS | Mutual
Fund - Series |
T. Rowe Price Multi-Strategy Total Return Fund, Inc. | MSR | Mutual Fund - Parent |
T.
Rowe Price New America Growth Fund | NAG | Mutual
Fund - Parent |
T. Rowe Price New Era Fund, Inc. | NEF | Mutual
Fund - Parent |
T. Rowe Price New Horizons Fund, Inc. | NHF | Mutual
Fund - Parent |
T.
Rowe Price New Income Fund, Inc. | NIF | Mutual Fund - Parent |
193
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
T. Rowe Price Personal Strategy Funds, Inc. | PER | Mutual Fund - Parent |
| | T. Rowe Price Personal Strategy Balanced Fund | PSB | Mutual Fund - Series |
| | T. Rowe Price Personal Strategy Growth Fund | PSG | Mutual Fund - Series |
| | T. Rowe Price Personal Strategy Income Fund | PSI | Mutual Fund - Series |
T.
Rowe Price Quantitative Management Funds, Inc. | QUANT | Mutual
Fund - Parent |
| | T. Rowe
Price QM Global Equity Fund | QGE | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Small-Cap Growth Equity Fund | DSG | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Small & Mid-Cap Core Equity Fund | QSM | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Value Equity Fund | QMV | Mutual
Fund - Series |
T. Rowe Price Real Assets Fund, Inc. | RAF | Mutual
Fund - Parent |
T. Rowe Price Real Estate Fund, Inc. | REF | Mutual
Fund - Parent |
T. Rowe Price Reserve Investment Funds, Inc. | RESFDS | Mutual
Fund - Parent |
| | T. Rowe
Price Government Reserve Fund | RES | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Government Fund | GRI | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Fund | REI | Mutual
Fund - Series |
| | T. Rowe
Price Treasury Reserve Fund | GRS | Mutual
Fund - Series |
T. Rowe Price Science & Technology Fund, Inc. | STF | Mutual Fund - Parent |
T.
Rowe Price Short-Term Bond Fund, Inc. | STB | Mutual
Fund - Parent |
| | T. Rowe
Price Ultra Short-Term Bond Fund | SBF | Mutual
Fund - Series |
T. Rowe Price Small-Cap Stock Fund, Inc. | SCS | Mutual
Fund - Parent |
T. Rowe Price Small-Cap Value Fund, Inc. | SCV | Mutual
Fund - Parent |
T. Rowe Price State Tax-Free Income Trust | STT | Mutual
Fund - Parent |
| | Georgia
Tax-Free Bond Fund | GAB | Mutual
Fund - Series |
| | Maryland
Short-Term Tax-Free Bond Fund | MDS | Mutual
Fund - Series |
| | Maryland
Tax-Free Bond Fund | MDB | Mutual Fund - Series |
194
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | Maryland
Tax-Free Money Fund | MDM | Mutual
Fund - Series |
| | New Jersey
Tax-Free Bond Fund | NJB | Mutual
Fund - Series |
| | New York
Tax-Free Bond Fund | NYB | Mutual
Fund - Series |
| | New York
Tax-Free Money Fund | NYM | Mutual
Fund - Series |
| | Virginia
Tax-Free Bond Fund | VAB | Mutual
Fund - Series |
T. Rowe Price Summit Funds, Inc. | SIF | Mutual
Fund - Parent |
| | T. Rowe
Price Cash Reserves Fund | SCR | Mutual
Fund - Series |
T. Rowe Price Summit Municipal Funds, Inc. | SMF | Mutual
Fund - Parent |
| | T. Rowe
Price Summit Municipal Income Fund | SMI | Mutual
Fund - Series |
| | T. Rowe
Price Summit Municipal Intermediate Fund | SMT | Mutual
Fund - Series |
| | T. Rowe
Price Summit Municipal Money Market Fund | SMM | Mutual
Fund - Series |
T. Rowe Price Tax-Efficient Funds, Inc. | TEF | Mutual
Fund - Parent |
| | T. Rowe
Price Tax-Efficient Equity Fund | TMC | Mutual
Fund - Series |
T. Rowe Price Tax-Exempt Money Fund, Inc. | TEM | Mutual
Fund - Parent |
T. Rowe Price Tax-Free High Yield Fund, Inc. | TFH | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Income Fund, Inc. | TFI | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS | Mutual Fund - Parent |
T.
Rowe Price Total Return Fund, Inc. | TTF | Mutual
Fund - Parent |
T. Rowe Price U.S. Bond Enhanced Index Fund, Inc. | UBX | Mutual Fund |
T.
Rowe Price U.S. Large-Cap Core Fund, Inc. | LCF | Mutual
Fund - Parent |
T. Rowe Price U.S. Treasury Funds, Inc. | USTF | Mutual
Fund - Parent |
| | U.S.
Treasury Intermediate Fund | USI | Mutual
Fund - Series |
| | U.S.
Treasury Long-Term Fund | USL | Mutual
Fund - Series |
| | U.S.
Treasury Money Fund | UST | Mutual
Fund - Series |
T.
Rowe Price Value Fund, Inc. | VAL | Mutual Fund - Parent |
195
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
'40
Act Registered Fund of Funds |
T. Rowe Price Retirement Funds, Inc. | RDF | Mutual Fund - Parent |
| | T. Rowe Price Retirement 2005 Fund | RPJ | Mutual Fund - Series |
| | T. Rowe Price Retirement 2010 Fund | RPA | Mutual Fund - Series |
| | T. Rowe Price Retirement 2015 Fund | RPG | Mutual Fund - Series |
| | T. Rowe Price Retirement 2020 Fund | RPB | Mutual Fund - Series |
| | T. Rowe Price Retirement 2025 Fund | RPH | Mutual Fund - Series |
| | T. Rowe Price Retirement 2030 Fund | RPC | Mutual Fund - Series |
| | T. Rowe Price Retirement 2035 Fund | RPI | Mutual Fund - Series |
| | T. Rowe Price Retirement 2040 Fund | RPD | Mutual Fund - Series |
| | T. Rowe Price Retirement 2045 Fund | RPK | Mutual Fund - Series |
| | T. Rowe Price Retirement 2050 Fund | RPL | Mutual Fund - Series |
| | T. Rowe Price Retirement 2055 Fund | RPM | Mutual Fund - Series |
| | T. Rowe Price Retirement 2060 Fund | RPN | Mutual Fund - Series |
| | T. Rowe Price Retirement Balanced Fund | RPE | Mutual Fund - Series |
| | T. Rowe Price Retirement Income 2020 Fund | RIB | Mutual Fund - Series |
| | T. Rowe Price Retirement I 2005 Fund—I
Class | RBI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2010 Fund—I Class | RCI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2015 Fund—I Class | RDI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2020 Fund—I Class | RFI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2025 Fund—I Class | RGI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2030 Fund—I Class | RHI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2035 Fund—I Class | RII | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2040 Fund—I Class | RJI | Mutual
Fund - Series |
| | T.
Rowe Price Retirement I 2045 Fund—I Class | RKI | Mutual Fund - Series |
196
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Retirement I 2050 Fund—I Class | RMI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2055 Fund—I Class | RNI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2060 Fund—I Class | ROI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced I Fund—I Class | RQI | Mutual
Fund - Series |
| | T. Rowe
Price Target 2005 Fund | TRA | Mutual
Fund - Series |
| | T. Rowe
Price Target 2010 Fund | TRB | Mutual
Fund - Series |
| | T. Rowe
Price Target 2015 Fund | TRC | Mutual
Fund - Series |
| | T. Rowe
Price Target 2020 Fund | TRD | Mutual
Fund - Series |
| | T. Rowe
Price Target 2025 Fund | TRE | Mutual
Fund - Series |
| | T. Rowe
Price Target 2030 Fund | TRG | Mutual
Fund - Series |
| | T. Rowe
Price Target 2035 Fund | TRH | Mutual
Fund - Series |
| | T. Rowe
Price Target 2040 Fund | TRJ | Mutual
Fund - Series |
| | T. Rowe
Price Target 2045 Fund | TRL | Mutual
Fund - Series |
| | T. Rowe
Price Target 2050 Fund | TRM | Mutual
Fund - Series |
| | T. Rowe
Price Target 2055 Fund | TRN | Mutual
Fund - Series |
| | T. Rowe
Price Target 2060 Fund | TRO | Mutual
Fund - Series |
T. Rowe Price Spectrum Fund, Inc. | SPC | Mutual
Fund - Parent |
| | Spectrum
Growth Fund | SPG | Mutual
Fund - Series |
| | Spectrum
Income Fund | SPI | Mutual
Fund - Series |
| | Spectrum
International Fund | SPF | Mutual Fund - Series |
197
AMENDMENT
NO. 12
TO
Fund Accounting Agreement
This Amendment No. 12
(this “Amendment”)
is made and entered into effective as of October 1, 2017 (“Amendment Effective Date”)
by and between each Fund listed on Exhibit A (each a “Fund” or collectively the “Funds”)
to the Fund Accounting Agreement (as defined below), T. ROWE PRICE ASSOCIATES, INC.,
a Maryland corporation having its principal office located at 100 E. Pratt Street, Baltimore, Maryland
21202 (“TRP”) and THE BANK OF NEW YORK MELLON, a bank organized under
the Laws of the State of New York, having its principal office located at 255 Liberty Street, New York,
New York 10286 (“BNY Mellon”). The Funds, TRP and BNY Mellon are collectively
referred to as the “Parties” and individually as a “Party.”
WHEREAS,
each Fund, TRP, and BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015,
as amended, modified or otherwise supplemented (the “Fund Accounting Agreement”);
and
WHEREAS,
each Fund, TRP, and BNY Mellon desire to amend the Fund Accounting Agreement to reflect certain changes
as set forth in this Amendment.
NOW, THEREFORE, in consideration for the mutual promises
contained herein and other good and valuable consideration, intending to be legally bound, each Fund,
TRP, and BNY Mellon hereby agree as follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise
defined herein shall have the meanings ascribed thereto in the Fund Accounting Agreement.
198
2. AMENDED SCHEDULE
IV
The Fund Accounting Agreement is hereby amended by replacing
Schedule IV, in its entirety, with the amended Schedule IV attached hereto.
3. EFFECT ON FUND ACCOUNTING AGREEMENT
In
the event of any inconsistency between the terms of this Amendment and the Fund Accounting Agreement,
the terms of this Amendment shall be controlling. Except as specifically and only to the extent modified
by this Amendment, all of the terms and provisions of the Fund Accounting Agreement shall continue to
remain in full force and effect.
4. GOVERNING
LAW
The laws of the State of New York and the federal laws of
the United States applicable therein shall govern, construe, and enforce all of the rights, duties, and
obligations arising out of or related in any manner to, the subject matter of this Amendment, notwithstanding
any conflict of laws principles.
5. COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts,
each of which shall be deemed an original, but all of which taken together shall constitute one single
agreement between the Parties. This Amendment may also be executed and delivered by facsimile or email
with confirmation of delivery and/or receipt.
IN WITNESS WHEREOF, each Fund, TRP, and BNY Mellon have executed
or caused this Amendment to be executed as of the Amendment Effective Date by its duly authorized representative.
199
| |
THE
BANK OF NEW YORK MELLON |
By: /s/Donald Brophy |
Name:
Donald Brophy |
Title:
Vice President |
Date:
|
200
| |
T.
ROWE PRICE ASSOCIATES, INC. |
By: /s/David Oestreicher |
Name: David Oestreicher |
Title: Vice President |
Date:
|
201
| |
On
behalf of each Fund listed in Amended Exhibit A |
By: /s/Darrell N. Braman |
Name: Darrell N. Braman |
Title: Vice President |
Date:
|
202
AMENDMENT
NO. 13
TO
Fund Accounting Agreement
This Amendment No. 13
(this “Amendment”)
is made and entered into effective as of October 30, 2017 (“Amendment Effective Date”)
by and between each Fund listed on amended Exhibit A (each a “Fund” or collectively the “Funds”),
attached hereto as attachment A, T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation
having its principal office located at 100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”)
and THE
BANK OF NEW YORK MELLON, a bank organized under the Laws of the State of New York, having its principal
office located at 255 Liberty Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS,
each Fund, TRP, and BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015
(the “Fund
Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire to
amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise
defined herein shall have the meanings ascribed thereto in the Fund Accounting Agreement.
2. AMENDED EXHIBIT A
The
Fund Accounting Agreement is hereby amended by changing the name of T. Rowe Price Capital Appreciation
Fund to T. Rowe Price Capital
203
Appreciation Fund, Inc.; by changing the name of T. Rowe Price
Equity Income Fund to T. Rowe Price Equity Income Fund, Inc.; by changing the name of T. Rowe Price GNMA
Fund to T. Rowe Price GNMA Fund, Inc.; by changing the name of T. Rowe Price New America Growth Fund
to T. Rowe Price New America Growth Fund, Inc.; by changing the name of T. Rowe Price State Tax-Free
Income Trust to T. Rowe Price State Tax-Free Funds, Inc.; by changing the names of Georgia Tax-Free Bond
Fund, Maryland Short-Term Tax-Free Bond Fund, Maryland Tax-Free Bond Fund, Maryland Tax-Free Money Fund,
New Jersey Tax-Free Bond Fund, New York Tax-Free Bond Fund, New York Tax-Free Money Fund, and Virginia
Tax-Free Bond Fund to T. Rowe Price Georgia Tax-Free Bond Fund, T. Rowe Price Maryland Short-Term Tax-Free
Bond Fund, T. Rowe Price Maryland Tax-Free Bond Fund, T. Rowe Price Maryland Tax-Free Money Fund, T.
Rowe Price New Jersey Tax-Free Bond Fund, T. Rowe Price New York Tax-Free Bond Fund, T. Rowe Price New
York Tax-Free Money Fund, and T. Rowe Price Virginia Tax-Free Bond Fund, respectively, on behalf of T.
Rowe Price State Tax-Free Funds, Inc.; by removing T. Rowe Price California Tax-Free Income Trust as
a Mutual Fund – Parent; and by changing the names of California Tax-Free Bond Fund and California
Tax-Free Money Fund to T. Rowe Price California Tax-Free Bond Fund and T. Rowe Price California Tax-Free
Money Fund, respectively, and moving them under T. Rowe Price State Tax-Free Funds, Inc. as Mutual Fund
– Series.
3. EFFECT
ON FUND ACCOUNTING AGREEMENT
In the event of any
inconsistency between the terms of this Amendment and the Fund Accounting Agreement, the terms of this
Amendment shall be controlling. Except as specifically and only to the extent modified by this Amendment,
all of the terms and provisions of the Fund Accounting Agreement shall continue to remain in full force
and effect.
204
4. GOVERNING LAW
The laws of the State of New York and the federal laws of
the United States applicable therein shall govern, construe, and enforce all of the rights, duties, and
obligations arising out of or related in any manner to, the subject matter of this Amendment, notwithstanding
any conflict of laws principles.
5. COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts,
each of which shall be deemed an original, but all of which taken together shall constitute one single
agreement between the Parties. This Amendment may also be executed and delivered by facsimile or email
with confirmation of delivery and/or receipt.
IN WITNESS WHEREOF, each Fund, TRP, and BNY Mellon have executed
or caused this Amendment to be executed as of the Amendment Effective Date by its duly authorized representative.
| |
THE BANK OF NEW YORK MELLON |
By:
/s/Donald Brophy |
Name:
Donald Brophy |
Title:
Vice President |
Date:
11-28-17 |
205
| |
T.
ROWE PRICE ASSOCIATES, INC. |
By: /s/David Oestreicher |
Name: David Oestreicher |
Title: Vice President |
Date:
10-30-17 |
206
| |
On
behalf of each Fund listed in Amended Exhibit A |
By: /s/Darrell N. Braman |
Name: Darrell N. Braman |
Title: Vice President |
Date:
10-30-17 |
207
ATTACHMENT A
Amended Exhibit A
| | | | |
Mutual Fund Entity Name | Reference ID | Entity
Type |
‘40
Act Registered Funds | | |
T. Rowe
Price Balanced Fund, Inc. | BAL | Mutual
Fund - Parent |
T. Rowe Price Blue Chip Growth Fund, Inc. | BCG | Mutual
Fund - Parent |
T. Rowe Price Capital Appreciation Fund, Inc. | CAF | Mutual
Fund - Parent |
T. Rowe Price Capital Appreciation & Income Fund, Inc. | CAN | Mutual Fund - Parent |
T.
Rowe Price Capital Opportunity Fund, Inc. | COF | Mutual
Fund - Parent |
T. Rowe Price Corporate Income Fund, Inc. | CIF | Mutual
Fund - Parent |
T. Rowe Price Credit Opportunities Fund, Inc. | CRO | Mutual
Fund - Parent |
T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. | DMG | Mutual Fund - Parent |
T.
Rowe Price Dividend Growth Fund, Inc. | DGF | Mutual
Fund - Parent |
T. Rowe Price Equity Income Fund, Inc. | EIF | Mutual
Fund - Parent |
T. Rowe Price Equity Series, Inc. | EQS | Mutual
Fund - Parent |
| | T. Rowe
Price Blue Chip Growth Portfolio | BCP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Income Portfolio | EIP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Index 500 Portfolio | EXP | Mutual
Fund - Series |
| | T. Rowe
Price Health Sciences Portfolio | HSP | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Growth Portfolio | MGP | Mutual
Fund - Series |
| | T. Rowe
Price New America Growth Portfolio | NAP | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Balanced Portfolio | PSP | Mutual
Fund - Series |
T. Rowe Price Financial Services Fund, Inc. | FSF | Mutual
Fund - Parent |
T. Rowe Price Fixed Income Series, Inc. | FIS | Mutual
Fund - Parent |
| | T.
Rowe Price Government Money Portfolio | PRP | Mutual Fund - Series |
208
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Limited-Term Bond Portfolio | LTP | Mutual
Fund - Series |
T. Rowe Price Floating Rate Fund, Inc. | FRI | Mutual
Fund - Parent |
T. Rowe Price Global Allocation Fund, Inc. | GAF | Mutual
Fund - Parent |
T. Rowe Price Global Multi-Sector Bond Fund, Inc. | SNF | Mutual Fund - Parent |
T.
Rowe Price Global Real Estate Fund, Inc. | GRE | Mutual
Fund - Parent |
T. Rowe Price Global Technology Fund, Inc. | GTF | Mutual
Fund - Parent |
T. Rowe Price GNMA Fund, Inc. | GMA | Mutual
Fund - Parent |
T. Rowe Price Government Money Fund, Inc. | PRF | Mutual
Fund - Parent |
T. Rowe Price Growth & Income Fund, Inc. | GIF | Mutual Fund - Parent |
T.
Rowe Price Growth Stock Fund, Inc. | GSF | Mutual
Fund - Parent |
T. Rowe Price Health Sciences Fund, Inc. | HSF | Mutual
Fund - Parent |
T. Rowe Price High Yield Fund, Inc. | HYF | Mutual
Fund - Parent |
| | T. Rowe
Price U.S. High Yield Fund | UHY | Mutual
Fund - Series |
T. Rowe Price Index Trust, Inc. | INDX | Mutual
Fund - Parent |
| | T. Rowe
Price Equity Index 500 Fund | EXF | Mutual
Fund - Series |
| | T. Rowe
Price Extended Equity Market Index Fund | XMX | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Index Fund | MCX | Mutual
Fund - Series |
| | T. Rowe
Price Small-Cap Index Fund | SCX | Mutual
Fund - Series |
| | T. Rowe
Price Total Equity Market Index Fund | TMX | Mutual
Fund - Series |
T. Rowe Price Inflation Protected Bond Fund, Inc. | IPB | Mutual Fund - Parent |
T.
Rowe Price Institutional Equity Funds, Inc. | IEF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Large-Cap Core Growth Fund | LCC | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Large-Cap Growth Fund | LCG | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Large-Cap Value Fund | LCV | Mutual
Fund - Series |
| | T.
Rowe Price Institutional Mid-Cap Equity Growth Fund | MCE | Mutual Fund - Series |
209
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Institutional Small-Cap Stock Fund | SCI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional U.S. Structured Research Fund | IRF | Mutual
Fund - Series |
T. Rowe Price Institutional Income Funds, Inc. | IINCF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Cash Reserves Fund | ICM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Core Plus Fund | ICP | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Credit Opportunities Fund | ICO | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Floating Rate Fund | IFR | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Multi-Sector Bond Fund | IGM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional High Yield Fund | HYI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Long Duration Credit Fund | LDC | Mutual
Fund - Series |
T. Rowe Price Institutional International Funds, Inc. | IIF | Mutual Fund - Parent |
| | T. Rowe Price Institutional Africa & Middle
East Fund | IAM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Bond Fund | IEB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Equity Fund | IEM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Frontier Markets Equity Fund | IFM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Focused Growth Equity Fund | IGE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Growth Equity Fund | IGL | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Value Equity Fund | IGV | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Bond Fund | IIB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Concentrated Equity Fund | ICE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Core Equity Fund | IIC | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Growth Equity Fund | FEF | Mutual
Fund - Series |
T. Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | ITF | Mutual Fund - Parent |
T.
Rowe Price International Funds, Inc. | PIF | Mutual
Fund - Parent |
| | T.
Rowe Price Africa & Middle East Fund | AME | Mutual Fund - Series |
210
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Asia Opportunities Fund | AOF | Mutual
Fund - Series |
| | T. Rowe
Price Dynamic Global Bond Fund | GUN | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Europe Fund | EEM | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Bond Fund | EMB | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Corporate Bond Fund | EMC | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Currency Bond Fund | EML | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Stock Fund | EMS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Value Stock Fund | EMV | Mutual
Fund - Series |
| | T. Rowe
Price European Stock Fund | ESF | Mutual
Fund - Series |
| | T. Rowe
Price Global Consumer Fund | GCF | Mutual
Fund - Series |
| | T. Rowe
Price Global Growth Stock Fund | GLE | Mutual
Fund - Series |
| | T. Rowe
Price Global High Income Bond Fund | GHI | Mutual
Fund - Series |
| | T. Rowe
Price Global Industrials Fund | IND | Mutual
Fund - Series |
| | T. Rowe
Price Global Stock Fund | GLS | Mutual
Fund - Series |
| | T. Rowe
Price International Bond Fund | IBF | Mutual
Fund - Series |
| | T. Rowe
Price International Bond Fund (USD Hedged) | IBH | Mutual
Fund - Series |
| | T. Rowe
Price International Concentrated Equity Fund | ICN | Mutual
Fund - Series |
| | T. Rowe
Price International Discovery Fund | IDF | Mutual
Fund - Series |
| | T. Rowe
Price International Stock Fund | ISF | Mutual
Fund - Series |
| | T. Rowe
Price International Value Equity Fund | IGI | Mutual
Fund - Series |
| | T. Rowe
Price Japan Fund | JAF | Mutual
Fund - Series |
| | T. Rowe
Price Latin America Fund | LAM | Mutual
Fund - Series |
| | T. Rowe
Price New Asia Fund | NAS | Mutual
Fund - Series |
| | T. Rowe
Price Overseas Stock Fund | OSF | Mutual
Fund - Series |
T.
Rowe Price International Index Fund, Inc. | IIXF | Mutual Fund - Parent |
211
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price International Equity Index Fund | IXF | Mutual
Fund - Series |
T. Rowe Price International Series, Inc. | INS | Mutual
Fund - Parent |
| | T. Rowe
Price International Stock Portfolio | ISP | Mutual
Fund - Series |
T. Rowe Price Limited Duration Inflation Focused Bond Fund,
Inc. | STI | Mutual
Fund - Parent |
T. Rowe Price Media & Telecommunications Fund, Inc. | MTF | Mutual Fund - Parent |
T.
Rowe Price Mid-Cap Growth Fund, Inc. | MCG | Mutual
Fund - Parent |
T. Rowe Price Mid-Cap Value Fund, Inc. | MCV | Mutual
Fund - Parent |
T. Rowe Price Multi-Sector Account Portfolios, Inc. | MAPS | Mutual Fund - Parent |
| | T. Rowe Price Emerging Markets Corporate Multi-Sector
Account Portfolio | EBS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Multi-Sector Account Portfolio | ELS | Mutual
Fund - Series |
| | T. Rowe
Price Floating Rate Multi-Sector Account Portfolio | FRS | Mutual
Fund - Series |
| | T. Rowe
Price High Yield Multi-Sector Account Portfolio | HYS | Mutual
Fund - Series |
| | T. Rowe
Price Investment-Grade Corporate Multi-Sector Account Portfolio | IGS | Mutual
Fund - Series |
| | T. Rowe
Price Mortgage-Backed Securities Multi-Sector Account Portfolio | MBS | Mutual
Fund - Series |
T. Rowe Price Multi-Strategy Total Return Fund, Inc. | MSR | Mutual Fund - Parent |
T.
Rowe Price New America Growth Fund, Inc. | NAG | Mutual
Fund - Parent |
T. Rowe Price New Era Fund, Inc. | NEF | Mutual
Fund - Parent |
T. Rowe Price New Horizons Fund, Inc. | NHF | Mutual
Fund - Parent |
T. Rowe Price New Income Fund, Inc. | NIF | Mutual
Fund - Parent |
T. Rowe Price Personal Strategy Funds, Inc. | PER | Mutual
Fund - Parent |
| | T. Rowe
Price Personal Strategy Balanced Fund | PSB | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Growth Fund | PSG | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Income Fund | PSI | Mutual
Fund - Series |
T.
Rowe Price Quantitative Management Funds, Inc. | QUANT | Mutual Fund - Parent |
212
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price QM Global Equity Fund | QGE | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Small-Cap Growth Equity Fund | DSG | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Small & Mid-Cap Core Equity Fund | QSM | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Value Equity Fund | QMV | Mutual
Fund - Series |
T. Rowe Price Real Assets Fund, Inc. | RAF | Mutual
Fund - Parent |
T. Rowe Price Real Estate Fund, Inc. | REF | Mutual
Fund - Parent |
T. Rowe Price Reserve Investment Funds, Inc. | RESFDS | Mutual
Fund - Parent |
| | T. Rowe
Price Government Reserve Fund | RES | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Government Fund | GRI | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Fund | REI | Mutual
Fund - Series |
| | T. Rowe
Price Treasury Reserve Fund | GRS | Mutual
Fund - Series |
T. Rowe Price Science & Technology Fund, Inc. | STF | Mutual Fund - Parent |
T.
Rowe Price Short-Term Bond Fund, Inc. | STB | Mutual
Fund - Parent |
| | T. Rowe
Price Ultra Short-Term Bond Fund | SBF | Mutual
Fund - Series |
T. Rowe Price Small-Cap Stock Fund, Inc. | SCS | Mutual
Fund - Parent |
T. Rowe Price Small-Cap Value Fund, Inc. | SCV | Mutual
Fund - Parent |
T. Rowe Price State Tax-Free Funds, Inc. | STT | Mutual
Fund - Parent |
| | T. Rowe
Price California Tax-Free Bond Fund | CAB | Mutual
Fund - Series |
| | T. Rowe
Price California Tax-Free Money Fund | CAM | Mutual
Fund - Series |
| | T. Rowe
Price Georgia Tax-Free Bond Fund | GAB | Mutual
Fund - Series |
| | T. Rowe
Price Maryland Short-Term Tax-Free Bond Fund | MDS | Mutual
Fund - Series |
| | T. Rowe
Price Maryland Tax-Free Bond Fund | MDB | Mutual
Fund - Series |
| | T. Rowe
Price Maryland Tax-Free Money Fund | MDM | Mutual
Fund - Series |
| | T. Rowe
Price New Jersey Tax-Free Bond Fund | NJB | Mutual
Fund - Series |
| | T.
Rowe Price New York Tax-Free Bond Fund | NYB | Mutual Fund - Series |
213
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price New York Tax-Free Money Fund | NYM | Mutual
Fund - Series |
| | T. Rowe
Price Virginia Tax-Free Bond Fund | VAB | Mutual
Fund - Series |
T. Rowe Price Summit Funds, Inc. | SIF | Mutual
Fund - Parent |
| | T. Rowe
Price Cash Reserves Fund | SCR | Mutual
Fund - Series |
T. Rowe Price Summit Municipal Funds, Inc. | SMF | Mutual
Fund - Parent |
| | T. Rowe
Price Summit Municipal Income Fund | SMI | Mutual
Fund - Series |
| | T. Rowe
Price Summit Municipal Intermediate Fund | SMT | Mutual
Fund - Series |
| | T. Rowe
Price Summit Municipal Money Market Fund | SMM | Mutual
Fund - Series |
T. Rowe Price Tax-Efficient Funds, Inc. | TEF | Mutual
Fund - Parent |
| | T. Rowe
Price Tax-Efficient Equity Fund | TMC | Mutual
Fund - Series |
T. Rowe Price Tax-Exempt Money Fund, Inc. | TEM | Mutual
Fund - Parent |
T. Rowe Price Tax-Free High Yield Fund, Inc. | TFH | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Income Fund, Inc. | TFI | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS | Mutual Fund - Parent |
T.
Rowe Price Total Return Fund, Inc. | TTF | Mutual
Fund - Parent |
T. Rowe Price U.S. Bond Enhanced Index Fund, Inc. | UBX | Mutual Fund |
T.
Rowe Price U.S. Large-Cap Core Fund, Inc. | LCF | Mutual
Fund - Parent |
T. Rowe Price U.S. Treasury Funds, Inc. | USTF | Mutual
Fund - Parent |
| | U.S.
Treasury Intermediate Fund | USI | Mutual
Fund - Series |
| | U.S.
Treasury Long-Term Fund | USL | Mutual
Fund - Series |
| | U.S.
Treasury Money Fund | UST | Mutual
Fund - Series |
T. Rowe Price Value Fund, Inc. | VAL | Mutual
Fund - Parent |
'40
Act Registered Fund of Funds |
T.
Rowe Price Retirement Funds, Inc. | RDF | Mutual Fund - Parent |
214
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Retirement 2005 Fund | RPJ | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2010 Fund | RPA | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2015 Fund | RPG | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2020 Fund | RPB | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2025 Fund | RPH | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2030 Fund | RPC | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2035 Fund | RPI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2040 Fund | RPD | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2045 Fund | RPK | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2050 Fund | RPL | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2055 Fund | RPM | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2060 Fund | RPN | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced Fund | RPE | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Income 2020 Fund | RIB | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2005 Fund—I Class | RBI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2010 Fund—I Class | RCI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2015 Fund—I Class | RDI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2020 Fund—I Class | RFI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2025 Fund—I Class | RGI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2030 Fund—I Class | RHI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2035 Fund—I Class | RII | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2040 Fund—I Class | RJI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2045 Fund—I Class | RKI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2050 Fund—I Class | RMI | Mutual
Fund - Series |
| | T.
Rowe Price Retirement I 2055 Fund—I Class | RNI | Mutual Fund - Series |
215
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Retirement I 2060 Fund—I Class | ROI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced I Fund—I Class | RQI | Mutual
Fund - Series |
| | T. Rowe
Price Target 2005 Fund | TRA | Mutual
Fund - Series |
| | T. Rowe
Price Target 2010 Fund | TRB | Mutual
Fund - Series |
| | T. Rowe
Price Target 2015 Fund | TRC | Mutual
Fund - Series |
| | T. Rowe
Price Target 2020 Fund | TRD | Mutual
Fund - Series |
| | T. Rowe
Price Target 2025 Fund | TRE | Mutual
Fund - Series |
| | T. Rowe
Price Target 2030 Fund | TRG | Mutual
Fund - Series |
| | T. Rowe
Price Target 2035 Fund | TRH | Mutual
Fund - Series |
| | T. Rowe
Price Target 2040 Fund | TRJ | Mutual
Fund - Series |
| | T. Rowe
Price Target 2045 Fund | TRL | Mutual
Fund - Series |
| | T. Rowe
Price Target 2050 Fund | TRM | Mutual
Fund - Series |
| | T. Rowe
Price Target 2055 Fund | TRN | Mutual
Fund - Series |
| | T. Rowe
Price Target 2060 Fund | TRO | Mutual
Fund - Series |
T. Rowe Price Spectrum Fund, Inc. | SPC | Mutual
Fund - Parent |
| | Spectrum
Growth Fund | SPG | Mutual
Fund - Series |
| | Spectrum
Income Fund | SPI | Mutual
Fund - Series |
| | Spectrum
International Fund | SPF | Mutual Fund - Series |
216
AMENDMENT
NO. 14
TO
Fund Accounting Agreement
This Amendment No. 14
(this “Amendment”) is made and entered into effective as of June 21, 2018 (“Amendment
Effective Date”) by and between each Fund listed on amended Exhibit A to the Agreement (each a
“Fund” or collectively the “Funds”), T. ROWE PRICE ASSOCIATES, INC., a Maryland
corporation having its principal office located at 100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”)
and THE BANK OF NEW YORK MELLON, a bank organized under the Laws of the State of New York, having its
principal office located at 255 Liberty Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS,
each Fund, TRP, and BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015
(the “Fund Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire
to amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized
terms used in this Amendment and not otherwise defined herein shall have the meanings ascribed thereto
in the Fund Accounting Agreement.
2. SERVICE LEVEL DESCRIPTION
The Fund Accounting Agreement is hereby amended by deleting the Service Level
Description attached thereto and replacing it in its entirety with the Service Level Description attached
hereto.
217
3. EFFECT ON FUND ACCOUNTING AGREEMENT
In
the event of any inconsistency between the terms of this Amendment and the Fund Accounting Agreement,
the terms of this Amendment shall be controlling. Except as specifically and only to the extent modified
by this Amendment, all of the terms and provisions of the Fund Accounting Agreement shall continue to
remain in full force and effect.
4. GOVERNING LAW
The laws of the State of New York and the federal laws of the United States applicable
therein shall govern, construe, and enforce all of the rights, duties, and obligations arising out of
or related in any manner to, the subject matter of this Amendment, notwithstanding any conflict of laws
principles.
5. COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts, each of which shall
be deemed an original, but all of which taken together shall constitute one single agreement between
the Parties. This Amendment may also be executed and delivered by facsimile or email with confirmation
of delivery and/or receipt.
IN
WITNESS WHEREOF, each Fund, TRP, and BNY Mellon have executed or caused this Amendment to be executed
as of the Amendment Effective Date by its duly authorized representative.
218
| |
THE
BANK OF NEW YORK MELLON |
By: /s/Donald Brophy |
Name:
Donald Brophy |
Title:
Vice President |
Date:
|
219
| |
T.
ROWE PRICE ASSOCIATES, INC. |
By: /s/David Oestreicher |
Name: David Oestreicher |
Title: Vice President |
Date:
|
220
| |
On
behalf of each Fund listed in Amended Exhibit A |
By: /s/Darrell N. Braman |
Name: Darrell N. Braman |
Title: Vice President |
Date:
|
221
AMENDMENT
NO. 15
TO
Fund Accounting Agreement
This Amendment No. 15
(this “Amendment”) dated June 22, 2018 by and between each Fund listed on Exhibit A (each
a “Fund” or collectively the “Funds”) to the Fund Accounting Agreement (as defined
below), T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation having its principal office located at
100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”) and THE BANK OF NEW YORK MELLON, a
bank organized under the Laws of the State of New York, having its principal office located at 255 Liberty
Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS, each Fund, TRP, and
BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015 (the “Fund
Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire
to amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise defined herein shall
have the meanings ascribed thereto in the Fund Accounting Agreement.
2.
AMENDED
SCHEDULE I
The Fund Accounting Agreement is hereby amended by replacing
Schedule I, in its entirety, with the amended Schedule I, attached hereto as Attachment A.
222
3. AMENDED SCHEDULE
IV
The Fund Accounting Agreement is hereby amended by replacing Schedule IV, in its
entirety, with the amended Schedule IV, attached hereto as Attachment B.
4. SERVICE LEVEL DESCRIPTION
The Fund Accounting Agreement is hereby amended by deleting the Service Level
Description attached thereto and replacing it in its entirety with the Service Level Description attached
hereto.
5. EFFECT ON FUND ACCOUNTING
AGREEMENT
In the event of any inconsistency between the terms of this
Amendment and the Fund Accounting Agreement, the terms of this Amendment shall be controlling. Except
as specifically and only to the extent modified by this Amendment, all of the terms and provisions of
the Fund Accounting Agreement shall continue to remain in full force and effect.
6. GOVERNING LAW
The
laws of the State of New York and the federal laws of the United States applicable therein shall govern,
construe, and enforce all of the rights, duties, and obligations arising out of or related in any manner
to, the subject matter of this Amendment, notwithstanding any conflict of laws principles.
7. COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts, each of which shall
be deemed an original, but all of which taken together shall constitute one single agreement between
the Parties.
223
This Amendment may also be executed and delivered by facsimile or email with confirmation
of delivery and/or receipt.
IN
WITNESS WHEREOF, each Fund, TRP, and BNY Mellon have executed or caused this Amendment to be executed
as of the Amendment Effective Date by its duly authorized representative.
| |
THE BANK OF NEW YORK MELLON |
By:
/s/Donald Brophy |
Name:
Donald Brophy |
Title:
Vice President |
Date:
|
224
| |
T.
ROWE PRICE ASSOCIATES, INC. |
By: /s/Catherine D. Mathews |
Name: Catherine D. Mathews |
Title: Vice President |
Date:
|
225
| |
On
behalf of each Fund listed in Amended Exhibit A |
By: /s/Catherine D. Mathews |
Name: Catherine D. Mathews |
Title: Treasurer |
Date: |
226
ATTACHMENT
A
AMENDED
SCHEDULE I
Schedule
of Services
All services provided in this Schedule of Services are subject to the review and
approval of the appropriate Fund officers, Fund counsel and accountants of each Fund, as may be applicable.
The services included on this Schedule of Services may be provided by BNY Mellon or a BNY Mellon Affiliate,
collectively referred to herein as “BNY Mellon”. Additionally, the services provided shall
comply with generally accepted accounting principles, regulatory requirements and/or such TRP policies
and Instructions as applicable.
VALUATION SUPPORT AND COMPUTATION ACCOUNTING SERVICES
BNY Mellon shall provide the following valuation support and computation accounting
services for each Fund:
Journalize
investment, capital share and income and expense activities;
Maintain individual ledgers for investment securities;
Maintain
historical tax lots for each security;
Corporate action processing as more fully set forth in the
SLDs;
Reconcile
cash and investment balances of each Fund with the Fund’s custodian or other counterparties as
applicable;
Provide
a Fund’s investment adviser, as applicable, with the cash balance available for investment purposes
at start-of-day and upon request, as agreed by the parties;
Calculate capital gains and losses;
Calculate daily distribution
rate per share;
Determine
net income;
Obtain
security market quotes and currency exchange rates from pricing services approved by a Fund’s investment
adviser, or if such quotes are unavailable, then obtain such prices from the Fund’s investment
adviser, and in either case, calculate the market value of each Fund’s investments in accordance
with the Fund's valuation policies or guidelines; provided, however, that BNY Mellon shall not under
any circumstances be under a duty to independently price or value any of the Fund's investments, including
securities lending related cash collateral investments (with the exception of the services provided hereunder
to Funds utilized for such cash collateral investments), itself or to confirm or validate any information
or valuation provided by the investment adviser or any other pricing source, nor shall BNY Mellon have
any liability relating to inaccuracies or otherwise with respect to such information or valuations; notwithstanding
the foregoing, BNY Mellon shall follow the established procedures and controls to identify exceptions,
tolerance breaches, etc. and to research and resolve or escalate any pricing inaccuracies;
Application
of the established automated price validation rules against prices received from third party vendors
and review of exceptions as identified;
Calculate Net Asset Value in the manner specified in the Fund’s
Offering Materials (which, for the service described herein, shall include the Fund’s Net Asset
Value error policy);
227
Calculate
Accumulated Unit Values (“AUV”) for select funds as mutually agreed upon between the parties;
Transmit
or make available a copy of the daily portfolio valuation to a Fund’s investment adviser;
Calculate
yields, portfolio dollar-weighted average maturity and dollar-weighted average life as applicable; and
Calculate
portfolio turnover rate for inclusion in the annual and semi-annual shareholder reports.
For
money market funds, obtain security market quotes and calculate the market-value Net Asset Value in
accordance with the Fund’s valuation policies and guidelines at such times and frequencies as required
by regulation and/or instruction from TRP.
FINANCIAL
REPORTING; MONEY MARKET FUND SERVICES
BNY Mellon shall provide the following
financial reporting services for each Fund:
Financial Statement Preparation & Review
· Prepare
the Fund’s annual and semi-annual shareholder reports4 for shareholder delivery
and for inclusion in Form N-CSR;
· Prepare the Fund’s fiscal quarterly schedule of portfolio
holdings4 for inclusion in Form N-Q;
· Prepare, circulate and maintain the Fund’s financial
reporting production calendar and track status of reporting cycles;
and
· Prepare
and coordinate the filing of the Fund’s monthly website files and Form N-MFP, as applicable to
money market funds.
Reporting
Modernization Services
· The services set forth in this Reporting Modernization Services
section shall terminate on June 30, 2020 (for clarity, the report(s) required to be filed on June 30,
2020 will be filed in accordance with the terms of this Reporting Modernization Service section); provided
that unless one party provides written notice to the other party that this Reporting Modernization Services
section is not to be renewed, and such notice is received by the non-terminating party no later than
180 days before the June 30 on which this Reporting Modernization Services section is scheduled to terminate,
this Reporting Modernization Services section shall automatically renew to the June 30 following the
June 30 on which this Reporting Modernization Services section was scheduled to terminate (for clarity,
the report(s) required to be filed on the June 30 on which this Reporting Modernization Services section
is scheduled to terminate will be filed in accordance with the terms of this Reporting Modernization
Services section); provided further that this Reporting Modernization Service section shall not extend
beyond the termination date of the Agreement.
4 Requires “Typesetting Services” as described herein.
228
· As
selected by the Fund, BNY Mellon shall provide services following a full service operating model. This
operating model requires BNY Mellon
· to include the actual filing of the reports as part of the
services noted below.
· FORM N-PORT. BNY Mellon, subject to the limitations
described herein and its timely receipt of all necessary information related thereto, will, or will cause
a Vendor, as further described in the SLDs, to: (i) collect, aggregate and normalize all data required
for the preparation of Form N-PORT; (ii) prepare, on a monthly basis, Form N-PORT; and (iii) timely file
Form N-PORT with the United States Securities and Exchange Commission (“SEC”) in accordance
with SEC form and filing requirements.
o The timely receipt of necessary information referred to above
will be determined by mutual agreement of BNY Mellon and the Fund in advance of the preparation of the
initial Form N-PORT pursuant to this Amendment. If BNY Mellon does not timely receive necessary information,
it will nonetheless use reasonable efforts to timely complete and file the affected Form N-PORT by the
regulatory due date once the necessary information is received, provided that BNY Mellon will have no
liability with respect to a matter related to the fact that necessary information was not timely received.
o Unless
mutually agreed in writing between BNY Mellon and the Fund, BNY Mellon will use the same layout and format
for every successive reporting period for Form N-PORT except to the extent a change in the layout or
format is required by Form N-PORT.
· FORM N-CEN. BNY Mellon, subject to the limitations
described herein and its timely receipt of all necessary information related thereto, will, or will cause
a Vendor, as further described in the SLDs, to: (i) collect, aggregate and normalize all data required
for the preparation of Form N-CEN; (ii) prepare, on an annual basis, Form N-CEN; and (iii) timely file
Form N-CEN with the SEC in accordance with SEC form and filing requirements.
o The timely receipt
of necessary information referred to above will be determined by mutual agreement of BNY Mellon and the
Fund in advance of the preparation of the initial Form N-CEN pursuant to this Amendment. If BNY Mellon
does not timely receive necessary information, it will nonetheless use reasonable efforts to timely complete
and file the affected Form
229
N-CEN by the regulatory due date once the necessary information is received, provided
that BNY Mellon will have no liability with respect to a matter related to the fact that necessary information
was not timely received.
o Unless
mutually agreed in writing between BNY Mellon and the Fund, BNY Mellon will use the same source for obtaining
the information and method for performing the required calculations for every successive reporting period
for Form N-CEN except to the extent a change in the method for performing the calculations is required
by Form N-CEN.
· Each
Fund, in a timely manner, shall review and comment on, and, as the Fund deems necessary, cause its counsel
and/or accountants to review and comment on, each report described herein. The Fund shall provide timely
sign-off of, and authorization and direction to file, each such report. Absent such timely sign-off,
authorization and direction by the Fund, BNY Mellon shall be excused from its obligations to file the
affected report with the timeframe required by Form N-PORT or Form N-CEN, as the case may be. BNY Mellon
is providing the services related to the filing of such reports based on the acknowledgement of the Fund
that such services, together with the activities of the Fund in accordance with its internal policies,
procedures and controls, shall together satisfy the requirements of the applicable rules and regulations
for each such report.
Typesetting
Services
· Create
financial compositions for the applicable financial report and related EDGAR files;
· Maintain country codes,
industry class codes, security class codes and state codes;
· Map individual general ledger accounts into master accounts
to be displayed in the applicable financial reports;
· Create components that will specify the proper grouping and
sorting for display of portfolio information;
· Create components that will specify the proper calculation
and display of financial data required for each applicable financial report (except for identified manual
entries, which BNY Mellon will enter);
· Process, convert and load security and general ledger data;
· Include
data in financial reports provided from external parties to BNY Mellon which includes, but is not limited
to: shareholder letters, “Management Discussion and Analysis” commentary, notes on performance,
form of notes to financials, report of independent auditors, Fund management listing, service providers
listing and Fund spectrums;
230
· Generate
financial reports using the Vendor’s capabilities which include the following:
o table of contents;
o schedules
of investments;
o statement
of net assets;
o statements
of assets and liabilities;
o statements of operation;
o statements of changes;
o statements
of cash flows;
o financial
highlights;
o notes
to financial statements;
o report of independent registered public accounting firm;
o tax
information; and
o additional
Fund information as mutually agreed in writing between BNY Mellon and a Fund.
· Unless mutually agreed
in writing between BNY Mellon and a Fund, solely with respect to typesetting services, BNY Mellon will
use the same layout and format for every successive reporting period for the typeset reports. At the
request of a Fund and upon the mutual written agreement of BNY Mellon and the Fund as to the scope of
any changes and additional compensation of BNY Mellon, BNY Mellon will, or will cause the Vendor to,
change the format or layout of reports from time to time.
Money Market Fund Services
· For each Fund requiring
an intraday “floating” Net Asset Value, BNY Mellon shall calculate Net Asset Value in the
manner specified in the Fund’s Offering Materials at the following two (2) times during a day the
Fund is open for subscription and redemption activity; (i) 12:00 PM EST; and (ii) 4:00 PM EST
inclusive
of the daily distribution factor per share. During the applicable period of the calendar year, daylight
savings times will be substituted for the above times as appropriate. The parties acknowledge the calculation
of the intraday “floating” Net Asset Values are subject to the Fund’s policies on as
of transactions, NAV error correction, and such other policies that may impact the calculation of a Fund’s
Net Asset Value.
· BNY
Mellon shall provide the following information in a mutually agreed upon electronic format to support
the website disclosure requirements of the Funds, subject to BNY Mellon’s timely receipt of all
necessary information related thereto that is not maintained on the BNY Mellon systems. The Funds acknowledge
that BNY Mellon is not responsible for the Funds’ website, for any servicing on the Funds’
website, or for uploading, downloading or maintaining any information on or required to be on the Funds’
website.
o Date.
o Fund
identifier.
o Share
class.
o Market
NAV (rounded to four (4) decimal places).
o Daily
liquid assets.
o Weekly
liquid assets.
231
o Shareholder
inflows and outflows.
· Assist
with the preparation and filing with the SEC of Form N-CR as requested by the Fund or Adviser.
· BNY
Mellon shall, or shall cause the Vendor, to: (i) prepare, on a monthly basis, Form N-MFP, subject to
BNY Mellon’s timely receipt of all necessary information related thereto that is not maintained
on the BNY Mellon systems; and (ii) file Form N-MFP with the SEC, on a monthly basis; and
· Prepare
and provide an electronic file of the portfolio holdings information required by Rule 2a-7(h)(10) to
the Fund or, at the Fund’s written direction, to an identified third party (the deliverables for
the above money market fund services collectively referred to as, the “Money Market Fund Services
Reports”).
· Neither
BNY Mellon nor the Vendor, in connection with a particular Money Market Fund Services Report, will prepare,
provide or generate any reports, forms or files not specifically agreed to by BNY Mellon in advance.
· The
applicable Fund acknowledges that it shall be responsible for the retention of any Money Market Fund
Services Reports in accordance with Rule 2a-7 promulgated under the 1940 Act or any other applicable
rule or regulation.
· Unless
mutually agreed in writing between BNY Mellon and a Fund, solely with respect to typesetting of the Money
Market Fund Services Reports, BNY Mellon will use the same layout and format for every successive reporting
period for the Money Market Fund Services Reports. At the request of a Fund and upon the mutual written
agreement of BNY Mellon and the Fund as to the scope of any changes and additional compensation of BNY
Mellon, BNY Mellon will, or will cause the Vendor to, customize Money Market Fund Services Reports from
time to time.
TAX SUPPORT SERVICES
BNY Mellon shall provide
the following tax support services for each Fund:
Provide various data and reports as agreed upon in the SLDs
to support TRP’s tax reporting and tax filing obligations, including:
· Wash sales reporting;
· QDI
reporting;
· DRD
reporting;
· PFIC
analysis;
· Straddle
analysis;
· Paydown
adjustments;
· Equalization
debit adjustments
· Tax
compliance under §851, §817(h);
· Foreign
bond sale analysis (§988);
· Troubled
debt analysis;
· Estimation
of income for excise tax purposes;
· Swap
analysis;
· Inflation
adjustments;
· §1256
adjustments;
· Market
discount analysis;
232
· OID
adjustments;
· CPDI
analysis;
· Shareholder
tax reporting information (e.g. FTC, UGG income, foreign source income by country, exempt income by state);
Provide
data, and reports based on such data, maintained by BNY Mellon on its fund accounting platform as reasonably
requested by TRP to support TRP’s obligations to comply with requests from tax authorities
and TRP’s
tax reporting and tax filing obligations.
Assist with other tax-related data needs as mutually agreed
upon in writing from time-to-time.
FUND ADMINISTRATION SERVICES
BNY
Mellon shall provide the following fund administration services for each Fund, Series and class:
Calculate
Fund approved income and per share amounts required for periodic distributions to be made by the applicable
Fund, Series or class;
Coordinate
a Fund’s annual audit and respond timely and completely to related requests;
Cooperate with each
Fund’s independent auditors;
Supply various normal and customary portfolio and Fund statistical
data as requested on an ongoing basis; and
If the chief executive officer or chief financial officer
of a Fund is required to provide a certification as part of the Fund’s Form N-Q or Form N-CSR filing
pursuant to regulations promulgated by the SEC under Section 302 of the Sarbanes-Oxley Act of 2002, provide
a sub-certification in support of certain matters set forth in the aforementioned certification. Such
sub-certification is to be in such form and relating to such matters as reasonably agreed to by BNY Mellon
in advance. BNY Mellon shall be required to provide the sub-certification only during the term of this
Agreement with respect to the applicable Fund or Series and only if it receives such cooperation as it
may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification
is not itself a certification under the Sarbanes-Oxley Act of 2002 or under any other law, rule or regulation.
REGULATORY
ADMINISTRATION SERVICES
BNY Mellon shall provide the following regulatory administration
services for each Fund and Series:
Assist the Fund in responding to SEC examination requests
by providing requested documents in the possession of BNY Mellon that are on the SEC examination request
list and by making employees responsible for providing services available to regulatory authorities having
jurisdiction over the performance of such services as may be required or reasonably requested by such
regulatory authorities;
233
Assist
with and/or coordinate such other filings, notices and regulatory matters and other due diligence requests
or requests for proposal on such terms and conditions as BNY Mellon and the applicable Fund on behalf
of itself and its Series may mutually agree upon in writing from time to time; and
38a-1 Compliance Support
Services:
· Provide
compliance policies and procedures related to services provided by BNY Mellon and, if mutually agreed,
certain of the BNY Mellon Affiliates; summary procedures thereof; and periodic certification letters.
· Such
Compliance Support Services are administrative in nature and do not constitute, nor shall they be construed
as constituting, legal advice or the provision of legal services for or on behalf of a Fund or any other
person, and such services are subject to review and approval by the applicable Fund and by the Fund’s
legal counsel.
· Provide
access to Fund records so as to permit the Fund or TRP to test the performance of BNY Mellon in providing
the services under this Agreement.
· Such Compliance Support Services performed by BNY Mellon under
this Agreement shall be at the request and direction of the Fund and/or its chief compliance officer
(the “Fund’s CCO”), as applicable. BNY Mellon disclaims liability to the Fund, and
the Fund is solely responsible, for the selection, qualifications and performance of the Fund’s
CCO and the adequacy and effectiveness of the Fund’s compliance program.
234
AMENDMENT
NO. 16
TO
Fund Accounting Agreement
This Amendment No. 16
(this “Amendment”)
is made and entered into effective as of October 1, 2018 (“Amendment Effective Date”)
by and between each Fund listed on amended Exhibit A (each a “Fund” or collectively the “Funds”),
attached hereto as attachment A, T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation
having its principal office located at 100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”)
and THE
BANK OF NEW YORK MELLON, a bank organized under the Laws of the State of New York, having its principal
office located at 255 Liberty Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS,
each Fund, TRP, and BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015
(the “Fund
Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire to
amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise
defined herein shall have the meanings ascribed thereto in the Fund Accounting Agreement.
2. AMENDED EXHIBIT A
The
Fund Accounting Agreement is hereby amended by adding T. Rowe Price Dynamic Credit Fund as a Mutual
Fund – series on behalf of T. Rowe Price
235
International Funds, Inc.; by changing the name of T. Rowe
Price Media & Telecommunications Fund, Inc. to T. Rowe Price Communications & Technology
Fund, Inc.; and by removing T. Rowe Price Institutional Credit Opportunities Fund and T. Rowe
Price Institutional Global Multi-Sector Bond Fund on behalf of T. Rowe Price Institutional Income
Funds, Inc.
3. EFFECT ON FUND ACCOUNTING
AGREEMENT
In the event of any inconsistency between
the terms of this Amendment and the Fund Accounting Agreement, the terms of this Amendment shall be controlling.
Except as specifically and only to the extent modified by this Amendment, all of the terms and provisions
of the Fund Accounting Agreement shall continue to remain in full force and effect.
4. GOVERNING LAW
The
laws of the State of New York and the federal laws of the United States applicable therein shall govern,
construe, and enforce all of the rights, duties, and obligations arising out of or related in any manner
to, the subject matter of this Amendment, notwithstanding any conflict of laws principles.
5. COUNTERPARTS/FACSIMILE
This
Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but
all of which taken together shall constitute one single agreement between the Parties. This Amendment
may also be executed and delivered by facsimile or email with confirmation of delivery and/or receipt.
IN WITNESS WHEREOF, each
Fund, TRP, and BNY Mellon have executed or caused this Amendment to be executed as of the Amendment Effective
Date by its duly authorized representative.
236
| |
THE
BANK OF NEW YORK MELLON |
By: /s/Donald Brophy |
Name:
Donald Brophy |
Title:
Vice President |
Date:
October 4, 2018 |
237
| |
T.
ROWE PRICE ASSOCIATES, INC. |
By: /s/David Oestreicher |
Name: David Oestreicher |
Title: Vice President |
Date:
October 1, 2018 |
238
| |
On
behalf of each Fund listed in Amended Exhibit A |
By: /s/Darrell N. Braman |
Name: Darrell N. Braman |
Title: Vice President |
Date:
October 1, 2018 |
239
ATTACHMENT A
Amended Exhibit A
| | | | |
Mutual Fund Entity Name | Reference ID | Entity
Type |
‘40
Act Registered Funds | | |
T. Rowe
Price Balanced Fund, Inc. | BAL | Mutual
Fund - Parent |
T. Rowe Price Blue Chip Growth Fund, Inc. | BCG | Mutual
Fund - Parent |
T. Rowe Price Capital Appreciation Fund, Inc. | CAF | Mutual
Fund - Parent |
T. Rowe Price Capital Appreciation & Income Fund, Inc. | CAN | Mutual Fund - Parent |
T.
Rowe Price Capital Opportunity Fund, Inc. | COF | Mutual
Fund - Parent |
T. Rowe Price Communications & Technology Fund, Inc. | MTF | Mutual Fund - Parent |
T.
Rowe Price Corporate Income Fund, Inc. | CIF | Mutual
Fund - Parent |
T. Rowe Price Credit Opportunities Fund, Inc. | CRO | Mutual
Fund - Parent |
T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. | DMG | Mutual Fund - Parent |
T.
Rowe Price Dividend Growth Fund, Inc. | DGF | Mutual
Fund - Parent |
T. Rowe Price Equity Income Fund, Inc. | EIF | Mutual
Fund - Parent |
T. Rowe Price Equity Series, Inc. | EQS | Mutual
Fund - Parent |
| | T. Rowe
Price Blue Chip Growth Portfolio | BCP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Income Portfolio | EIP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Index 500 Portfolio | EXP | Mutual
Fund - Series |
| | T. Rowe
Price Health Sciences Portfolio | HSP | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Growth Portfolio | MGP | Mutual
Fund - Series |
| | T. Rowe
Price New America Growth Portfolio | NAP | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Balanced Portfolio | PSP | Mutual
Fund - Series |
T. Rowe Price Financial Services Fund, Inc. | FSF | Mutual
Fund - Parent |
T.
Rowe Price Fixed Income Series, Inc. | FIS | Mutual Fund - Parent |
240
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Government Money Portfolio | PRP | Mutual
Fund - Series |
| | T. Rowe
Price Limited-Term Bond Portfolio | LTP | Mutual
Fund - Series |
T. Rowe Price Floating Rate Fund, Inc. | FRI | Mutual
Fund - Parent |
T. Rowe Price Global Allocation Fund, Inc. | GAF | Mutual
Fund - Parent |
T. Rowe Price Global Multi-Sector Bond Fund, Inc. | SNF | Mutual Fund - Parent |
T.
Rowe Price Global Real Estate Fund, Inc. | GRE | Mutual
Fund - Parent |
T. Rowe Price Global Technology Fund, Inc. | GTF | Mutual
Fund - Parent |
T. Rowe Price GNMA Fund, Inc. | GMA | Mutual
Fund - Parent |
T. Rowe Price Government Money Fund, Inc. | PRF | Mutual
Fund - Parent |
T. Rowe Price Growth & Income Fund, Inc. | GIF | Mutual Fund - Parent |
T.
Rowe Price Growth Stock Fund, Inc. | GSF | Mutual
Fund - Parent |
T. Rowe Price Health Sciences Fund, Inc. | HSF | Mutual
Fund - Parent |
T. Rowe Price High Yield Fund, Inc. | HYF | Mutual
Fund - Parent |
| | T. Rowe
Price U.S. High Yield Fund | UHY | Mutual
Fund - Series |
T. Rowe Price Index Trust, Inc. | INDX | Mutual
Fund - Parent |
| | T. Rowe
Price Equity Index 500 Fund | EXF | Mutual
Fund - Series |
| | T. Rowe
Price Extended Equity Market Index Fund | XMX | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Index Fund | MCX | Mutual
Fund - Series |
| | T. Rowe
Price Small-Cap Index Fund | SCX | Mutual
Fund - Series |
| | T. Rowe
Price Total Equity Market Index Fund | TMX | Mutual
Fund - Series |
T. Rowe Price Inflation Protected Bond Fund, Inc. | IPB | Mutual Fund - Parent |
T.
Rowe Price Institutional Equity Funds, Inc. | IEF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Large-Cap Core Growth Fund | LCC | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Large-Cap Growth Fund | LCG | Mutual
Fund - Series |
| | T.
Rowe Price Institutional Large-Cap Value Fund | LCV | Mutual Fund - Series |
241
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Institutional Mid-Cap Equity Growth Fund | MCE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Small-Cap Stock Fund | SCI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional U.S. Structured Research Fund | IRF | Mutual
Fund - Series |
T. Rowe Price Institutional Income Funds, Inc. | IINCF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Cash Reserves Fund | ICM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Core Plus Fund | ICP | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Floating Rate Fund | IFR | Mutual
Fund - Series |
| | T. Rowe
Price Institutional High Yield Fund | HYI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Long Duration Credit Fund | LDC | Mutual
Fund - Series |
T. Rowe Price Institutional International Funds, Inc. | IIF | Mutual Fund - Parent |
| | T. Rowe Price Institutional Africa & Middle
East Fund | IAM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Bond Fund | IEB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Equity Fund | IEM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Frontier Markets Equity Fund | IFM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Focused Growth Equity Fund | IGE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Growth Equity Fund | IGL | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Value Equity Fund | IGV | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Bond Fund | IIB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Concentrated Equity Fund | ICE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Core Equity Fund | IIC | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Growth Equity Fund | FEF | Mutual
Fund - Series |
T. Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | ITF | Mutual Fund - Parent |
T.
Rowe Price International Funds, Inc. | PIF | Mutual
Fund - Parent |
| | T. Rowe
Price Africa & Middle East Fund | AME | Mutual
Fund - Series |
| | T.
Rowe Price Asia Opportunities Fund | AOF | Mutual Fund - Series |
242
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Dynamic Credit Fund | DCF | Mutual
Fund - Series |
| | T. Rowe
Price Dynamic Global Bond Fund | GUN | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Europe Fund | EEM | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Bond Fund | EMB | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Corporate Bond Fund | EMC | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Currency Bond Fund | EML | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Stock Fund | EMS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Value Stock Fund | EMV | Mutual
Fund - Series |
| | T. Rowe
Price European Stock Fund | ESF | Mutual
Fund - Series |
| | T. Rowe
Price Global Consumer Fund | GCF | Mutual
Fund - Series |
| | T. Rowe
Price Global Growth Stock Fund | GLE | Mutual
Fund - Series |
| | T. Rowe
Price Global High Income Bond Fund | GHI | Mutual
Fund - Series |
| | T. Rowe
Price Global Industrials Fund | IND | Mutual
Fund - Series |
| | T. Rowe
Price Global Stock Fund | GLS | Mutual
Fund - Series |
| | T. Rowe
Price International Bond Fund | IBF | Mutual
Fund - Series |
| | T. Rowe
Price International Bond Fund (USD Hedged) | IBH | Mutual
Fund - Series |
| | T. Rowe
Price International Concentrated Equity Fund | ICN | Mutual
Fund - Series |
| | T. Rowe
Price International Discovery Fund | IDF | Mutual
Fund - Series |
| | T. Rowe
Price International Stock Fund | ISF | Mutual
Fund - Series |
| | T. Rowe
Price International Value Equity Fund | IGI | Mutual
Fund - Series |
| | T. Rowe
Price Japan Fund | JAF | Mutual
Fund - Series |
| | T. Rowe
Price Latin America Fund | LAM | Mutual
Fund - Series |
| | T. Rowe
Price New Asia Fund | NAS | Mutual
Fund - Series |
| | T. Rowe
Price Overseas Stock Fund | OSF | Mutual
Fund - Series |
T.
Rowe Price International Index Fund, Inc. | IIXF | Mutual Fund - Parent |
243
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price International Equity Index Fund | IXF | Mutual
Fund - Series |
T. Rowe Price International Series, Inc. | INS | Mutual
Fund - Parent |
| | T. Rowe
Price International Stock Portfolio | ISP | Mutual
Fund - Series |
T. Rowe Price Limited Duration Inflation Focused Bond Fund,
Inc. | STI | Mutual
Fund - Parent |
T. Rowe Price Mid-Cap Growth Fund, Inc. | MCG | Mutual
Fund - Parent |
T. Rowe Price Mid-Cap Value Fund, Inc. | MCV | Mutual
Fund - Parent |
T. Rowe Price Multi-Sector Account Portfolios, Inc. | MAPS | Mutual Fund - Parent |
| | T. Rowe Price Emerging Markets Corporate Multi-Sector
Account Portfolio | EBS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Multi-Sector Account Portfolio | ELS | Mutual
Fund - Series |
| | T. Rowe
Price Floating Rate Multi-Sector Account Portfolio | FRS | Mutual
Fund - Series |
| | T. Rowe
Price High Yield Multi-Sector Account Portfolio | HYS | Mutual
Fund - Series |
| | T. Rowe
Price Investment-Grade Corporate Multi-Sector Account Portfolio | IGS | Mutual
Fund - Series |
| | T. Rowe
Price Mortgage-Backed Securities Multi-Sector Account Portfolio | MBS | Mutual
Fund - Series |
T. Rowe Price Multi-Strategy Total Return Fund, Inc. | MSR | Mutual Fund - Parent |
T.
Rowe Price New America Growth Fund, Inc. | NAG | Mutual
Fund - Parent |
T. Rowe Price New Era Fund, Inc. | NEF | Mutual
Fund - Parent |
T. Rowe Price New Horizons Fund, Inc. | NHF | Mutual
Fund - Parent |
T. Rowe Price New Income Fund, Inc. | NIF | Mutual
Fund - Parent |
T. Rowe Price Personal Strategy Funds, Inc. | PER | Mutual
Fund - Parent |
| | T. Rowe
Price Personal Strategy Balanced Fund | PSB | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Growth Fund | PSG | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Income Fund | PSI | Mutual
Fund - Series |
T.
Rowe Price Quantitative Management Funds, Inc. | QUANT | Mutual Fund - Parent |
244
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price QM Global Equity Fund | QGE | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Small-Cap Growth Equity Fund | DSG | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Small & Mid-Cap Core Equity Fund | QSM | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Value Equity Fund | QMV | Mutual
Fund - Series |
T. Rowe Price Real Assets Fund, Inc. | RAF | Mutual
Fund - Parent |
T. Rowe Price Real Estate Fund, Inc. | REF | Mutual
Fund - Parent |
T. Rowe Price Reserve Investment Funds, Inc. | RESFDS | Mutual
Fund - Parent |
| | T. Rowe
Price Government Reserve Fund | RES | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Government Fund | GRI | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Fund | REI | Mutual
Fund - Series |
| | T. Rowe
Price Treasury Reserve Fund | GRS | Mutual
Fund - Series |
T. Rowe Price Science & Technology Fund, Inc. | STF | Mutual Fund - Parent |
T.
Rowe Price Short-Term Bond Fund, Inc. | STB | Mutual
Fund - Parent |
| | T. Rowe
Price Ultra Short-Term Bond Fund | SBF | Mutual
Fund - Series |
T. Rowe Price Small-Cap Stock Fund, Inc. | SCS | Mutual
Fund - Parent |
T. Rowe Price Small-Cap Value Fund, Inc. | SCV | Mutual
Fund - Parent |
T. Rowe Price State Tax-Free Funds, Inc. | STT | Mutual
Fund - Parent |
| | T. Rowe
Price California Tax-Free Bond Fund | CAB | Mutual
Fund - Series |
| | T. Rowe
Price California Tax-Free Money Fund | CAM | Mutual
Fund - Series |
| | T. Rowe
Price Georgia Tax-Free Bond Fund | GAB | Mutual
Fund - Series |
| | T. Rowe
Price Maryland Short-Term Tax-Free Bond Fund | MDS | Mutual
Fund - Series |
| | T. Rowe
Price Maryland Tax-Free Bond Fund | MDB | Mutual
Fund - Series |
| | T. Rowe
Price Maryland Tax-Free Money Fund | MDM | Mutual
Fund - Series |
| | T. Rowe
Price New Jersey Tax-Free Bond Fund | NJB | Mutual
Fund - Series |
| | T.
Rowe Price New York Tax-Free Bond Fund | NYB | Mutual Fund - Series |
245
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price New York Tax-Free Money Fund | NYM | Mutual
Fund - Series |
| | T. Rowe
Price Virginia Tax-Free Bond Fund | VAB | Mutual
Fund - Series |
T. Rowe Price Summit Funds, Inc. | SIF | Mutual
Fund - Parent |
| | T. Rowe
Price Cash Reserves Fund | SCR | Mutual
Fund - Series |
T. Rowe Price Summit Municipal Funds, Inc. | SMF | Mutual
Fund - Parent |
| | T. Rowe
Price Summit Municipal Income Fund | SMI | Mutual
Fund - Series |
| | T. Rowe
Price Summit Municipal Intermediate Fund | SMT | Mutual
Fund - Series |
| | T. Rowe
Price Summit Municipal Money Market Fund | SMM | Mutual
Fund - Series |
T. Rowe Price Tax-Efficient Funds, Inc. | TEF | Mutual
Fund - Parent |
| | T. Rowe
Price Tax-Efficient Equity Fund | TMC | Mutual
Fund - Series |
T. Rowe Price Tax-Exempt Money Fund, Inc. | TEM | Mutual
Fund - Parent |
T. Rowe Price Tax-Free High Yield Fund, Inc. | TFH | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Income Fund, Inc. | TFI | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS | Mutual Fund - Parent |
T.
Rowe Price Total Return Fund, Inc. | TTF | Mutual
Fund - Parent |
T. Rowe Price U.S. Bond Enhanced Index Fund, Inc. | UBX | Mutual Fund |
T.
Rowe Price U.S. Large-Cap Core Fund, Inc. | LCF | Mutual
Fund - Parent |
T. Rowe Price U.S. Treasury Funds, Inc. | USTF | Mutual
Fund - Parent |
| | U.S.
Treasury Intermediate Fund | USI | Mutual
Fund - Series |
| | U.S.
Treasury Long-Term Fund | USL | Mutual
Fund - Series |
| | U.S.
Treasury Money Fund | UST | Mutual
Fund - Series |
T. Rowe Price Value Fund, Inc. | VAL | Mutual
Fund - Parent |
'40 Act Registered
Fund of Funds |
246
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
T. Rowe Price Retirement Funds, Inc. | RDF | Mutual Fund - Parent |
| | T. Rowe Price Retirement 2005 Fund | RPJ | Mutual Fund - Series |
| | T. Rowe Price Retirement 2010 Fund | RPA | Mutual Fund - Series |
| | T. Rowe Price Retirement 2015 Fund | RPG | Mutual Fund - Series |
| | T. Rowe Price Retirement 2020 Fund | RPB | Mutual Fund - Series |
| | T. Rowe Price Retirement 2025 Fund | RPH | Mutual Fund - Series |
| | T. Rowe Price Retirement 2030 Fund | RPC | Mutual Fund - Series |
| | T. Rowe Price Retirement 2035 Fund | RPI | Mutual Fund - Series |
| | T. Rowe Price Retirement 2040 Fund | RPD | Mutual Fund - Series |
| | T. Rowe Price Retirement 2045 Fund | RPK | Mutual Fund - Series |
| | T. Rowe Price Retirement 2050 Fund | RPL | Mutual Fund - Series |
| | T. Rowe Price Retirement 2055 Fund | RPM | Mutual Fund - Series |
| | T. Rowe Price Retirement 2060 Fund | RPN | Mutual Fund - Series |
| | T. Rowe Price Retirement Balanced Fund | RPE | Mutual Fund - Series |
| | T. Rowe Price Retirement Income 2020 Fund | RIB | Mutual Fund - Series |
| | T. Rowe Price Retirement I 2005 Fund—I
Class | RBI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2010 Fund—I Class | RCI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2015 Fund—I Class | RDI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2020 Fund—I Class | RFI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2025 Fund—I Class | RGI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2030 Fund—I Class | RHI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2035 Fund—I Class | RII | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2040 Fund—I Class | RJI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2045 Fund—I Class | RKI | Mutual
Fund - Series |
| | T.
Rowe Price Retirement I 2050 Fund—I Class | RMI | Mutual Fund - Series |
247
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Retirement I 2055 Fund—I Class | RNI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2060 Fund—I Class | ROI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced I Fund—I Class | RQI | Mutual
Fund - Series |
| | T. Rowe
Price Target 2005 Fund | TRA | Mutual
Fund - Series |
| | T. Rowe
Price Target 2010 Fund | TRB | Mutual
Fund - Series |
| | T. Rowe
Price Target 2015 Fund | TRC | Mutual
Fund - Series |
| | T. Rowe
Price Target 2020 Fund | TRD | Mutual
Fund - Series |
| | T. Rowe
Price Target 2025 Fund | TRE | Mutual
Fund - Series |
| | T. Rowe
Price Target 2030 Fund | TRG | Mutual
Fund - Series |
| | T. Rowe
Price Target 2035 Fund | TRH | Mutual
Fund - Series |
| | T. Rowe
Price Target 2040 Fund | TRJ | Mutual
Fund - Series |
| | T. Rowe
Price Target 2045 Fund | TRL | Mutual
Fund - Series |
| | T. Rowe
Price Target 2050 Fund | TRM | Mutual
Fund - Series |
| | T. Rowe
Price Target 2055 Fund | TRN | Mutual
Fund - Series |
| | T. Rowe
Price Target 2060 Fund | TRO | Mutual
Fund - Series |
T. Rowe Price Spectrum Fund, Inc. | SPC | Mutual
Fund - Parent |
| | Spectrum
Growth Fund | SPG | Mutual
Fund - Series |
| | Spectrum
Income Fund | SPI | Mutual
Fund - Series |
| | Spectrum
International Fund | SPF | Mutual Fund - Series |
248
AMENDMENT
NO. 17
TO
Fund Accounting Agreement
This Amendment No. 17
(this “Amendment”) dated November 27, 2018 by and between each Fund listed on Exhibit A (each
a “Fund” or collectively the “Funds”) to the Fund Accounting Agreement (as defined
below), T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation having its principal office located at
100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”) and THE BANK OF NEW YORK MELLON, a
bank organized under the Laws of the State of New York, having its principal office located at 255 Liberty
Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS, each Fund, TRP, and
BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015 (the “Fund
Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire
to amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise defined herein shall
have the meanings ascribed thereto in the Fund Accounting Agreement.
2.
AMENDED
SCHEDULE IV
The Fund Accounting Agreement is hereby amended by replacing
Schedule IV, in its entirety, with the amended Schedule IV, attached hereto as Attachment A.
249
3. EFFECT ON FUND ACCOUNTING
AGREEMENT
In the event of any inconsistency between the terms of this
Amendment and the Fund Accounting Agreement, the terms of this Amendment shall be controlling. Except
as specifically and only to the extent modified by this Amendment, all of the terms and provisions of
the Fund Accounting Agreement shall continue to remain in full force and effect.
4. GOVERNING LAW
The
laws of the State of New York and the federal laws of the United States applicable therein shall govern,
construe, and enforce all of the rights, duties, and obligations arising out of or related in any manner
to, the subject matter of this Amendment, notwithstanding any conflict of laws principles.
5. COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts, each of which shall
be deemed an original, but all of which taken together shall constitute one single agreement between
the Parties. This Amendment may also be executed and delivered by facsimile or email with confirmation
of delivery and/or receipt.
[Signature page follows.]
250
IN WITNESS WHEREOF, each Fund, TRP, and BNY Mellon have executed
or caused this Amendment to be executed as of the date and year first above written by its duly authorized
representative.
| |
THE
BANK OF NEW YORK MELLON |
By: /s/Armando Fernandez |
Name: Armando Fernandez |
Title: Vice President |
Date:
November 30, 2018 |
| |
T. ROWE PRICE ASSOCIATES, INC. |
By: /s/David Oestreicher |
Name: David Oestreicher |
Title: Vice President |
Date:
|
| |
On behalf of each Fund listed in Amended Exhibit A |
By: /s/Darrell N. Braman
|
Name:
Darrell N. Braman |
Title: Vice President |
Date: |
251
AMENDMENT
NO. 18
TO
Fund Accounting Agreement
This Amendment No. 18
(this “Amendment”) is made and entered into effective as of August 26, 2019 by and between
each Fund listed on amended Exhibit A (each a “Fund” or collectively the “Funds”),
attached hereto as attachment A, T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation having its principal
office located at 100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”) and THE BANK OF
NEW YORK MELLON, a bank organized under the Laws of the State of New York, having its principal office
located at 240 Greenwich Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS,
each Fund, TRP, and BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015
(the “Fund Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire
to amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise defined herein shall
have the meanings ascribed thereto in the Fund Accounting Agreement.
2.
AMENDED
EXHIBIT A
Exhibit A to the Fund Accounting Agreement is hereby amended
by removing T. Rowe Price Capital Appreciation & Income Fund, Inc.; by changing the name of T. Rowe
Price Capital Opportunity Fund, Inc. to T. Rowe Price U.S. Equity Research Fund, Inc.; by changing the
name
252
of T. Rowe Price Personal Strategy Balanced Portfolio, on behalf of T. Rowe Price
Equity Series, Inc., to T. Rowe Price Moderate Allocation Portfolio; by removing T. Rowe Price Institutional
International Bond Fund on behalf of T. Rowe Price Institutional International Funds, Inc.; by changing
the name of T. Rowe Price Institutional International Concentrated Equity Fund, on behalf of T. Rowe
Price Institutional International Funds, Inc., to T. Rowe Price Institutional International Disciplined
Equity Fund; by adding T. Rowe Price China Evolution Equity Fund as a Mutual Fund − Series on behalf
of T. Rowe Price International Funds, Inc.; by changing the name of T. Rowe Price Emerging Markets Value
Stock Fund, on behalf of T. Rowe Price International Funds, Inc., to T. Rowe Price Emerging Markets Discovery
Fund; and by changing the name of T. Rowe Price International Concentrated Equity Fund, on behalf of
T. Rowe Price International Funds, Inc., to T. Rowe Price International Disciplined Equity Fund.
3. EFFECT ON FUND ACCOUNTING
AGREEMENT
In the event of any inconsistency between the terms of this
Amendment and the Fund Accounting Agreement, the terms of this Amendment shall be controlling. Except
as specifically and only to the extent modified by this Amendment, all of the terms and provisions of
the Fund Accounting Agreement shall continue to remain in full force and effect.
4. GOVERNING LAW
The
laws of the State of New York and the federal laws of the United States applicable therein shall govern,
construe, and enforce all of the rights, duties, and obligations arising out of or related in any manner
to, the subject matter of this Amendment, notwithstanding any conflict of laws principles.
253
5. COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts, each of which shall
be deemed an original, but all of which taken together shall constitute one single agreement between
the Parties. This Amendment may also be executed and delivered by facsimile or email with confirmation
of delivery and/or receipt.
[Signature page follows.]
254
IN WITNESS WHEREOF, each Fund, TRP, and BNY Mellon have executed
or caused this Amendment to be executed as of the date and year first above written by its duly authorized
representative.
| |
THE
BANK OF NEW YORK MELLON |
By: /s/Armando Fernandez |
Name: Armando Fernandez |
Title: Vice President |
Date:
|
| |
T.
ROWE PRICE ASSOCIATES, INC. |
By: /s/David Oestreicher |
Name: David Oestreicher |
Title: Vice President |
Date:
August 26, 2019 |
| |
On behalf of each Fund listed in Amended Exhibit
A |
By:
/s/Darrell N. Braman |
Name: Darrell N. Braman |
Title:
Vice President |
Date: August 26, 2019 |
255
ATTACHMENT A
Amended Exhibit A
| | | | |
Mutual Fund Entity Name | Reference ID | Entity
Type |
‘40
Act Registered Funds | | |
T. Rowe
Price Balanced Fund, Inc. | BAL | Mutual
Fund - Parent |
T. Rowe Price Blue Chip Growth Fund, Inc. | BCG | Mutual
Fund - Parent |
T. Rowe Price Capital Appreciation Fund, Inc. | CAF | Mutual
Fund - Parent |
T. Rowe Price Communications & Technology Fund, Inc. | MTF | Mutual Fund - Parent |
T.
Rowe Price Corporate Income Fund, Inc. | CIF | Mutual
Fund - Parent |
T. Rowe Price Credit Opportunities Fund, Inc. | CRO | Mutual
Fund - Parent |
T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. | DMG | Mutual Fund - Parent |
T.
Rowe Price Dividend Growth Fund, Inc. | DGF | Mutual
Fund - Parent |
T. Rowe Price Equity Income Fund, Inc. | EIF | Mutual
Fund - Parent |
T. Rowe Price Equity Series, Inc. | EQS | Mutual
Fund - Parent |
| | T. Rowe
Price Blue Chip Growth Portfolio | BCP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Income Portfolio | EIP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Index 500 Portfolio | EXP | Mutual
Fund - Series |
| | T. Rowe
Price Health Sciences Portfolio | HSP | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Growth Portfolio | MGP | Mutual
Fund - Series |
| | T. Rowe
Price Moderate Allocation Portfolio | PSP | Mutual
Fund - Series |
| | T. Rowe
Price New America Growth Portfolio | NAP | Mutual
Fund - Series |
T. Rowe Price Financial Services Fund, Inc. | FSF | Mutual
Fund - Parent |
T. Rowe Price Fixed Income Series, Inc. | FIS | Mutual
Fund - Parent |
| | T. Rowe
Price Government Money Portfolio | PRP | Mutual
Fund - Series |
| | T.
Rowe Price Limited-Term Bond Portfolio | LTP | Mutual Fund - Series |
256
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
T. Rowe Price Floating Rate Fund, Inc. | FRI | Mutual Fund - Parent |
T.
Rowe Price Global Allocation Fund, Inc. | GAF | Mutual
Fund - Parent |
T. Rowe Price Global Multi-Sector Bond Fund, Inc. | SNF | Mutual Fund - Parent |
T.
Rowe Price Global Real Estate Fund, Inc. | GRE | Mutual
Fund - Parent |
T. Rowe Price Global Technology Fund, Inc. | GTF | Mutual
Fund - Parent |
T. Rowe Price GNMA Fund, Inc. | GMA | Mutual
Fund - Parent |
T. Rowe Price Government Money Fund, Inc. | PRF | Mutual
Fund - Parent |
T. Rowe Price Growth & Income Fund, Inc. | GIF | Mutual Fund - Parent |
T.
Rowe Price Growth Stock Fund, Inc. | GSF | Mutual
Fund - Parent |
T. Rowe Price Health Sciences Fund, Inc. | HSF | Mutual
Fund - Parent |
T. Rowe Price High Yield Fund, Inc. | HYF | Mutual
Fund - Parent |
| | T. Rowe
Price U.S. High Yield Fund | UHY | Mutual
Fund - Series |
T. Rowe Price Index Trust, Inc. | INDX | Mutual
Fund - Parent |
| | T. Rowe
Price Equity Index 500 Fund | EXF | Mutual
Fund - Series |
| | T. Rowe
Price Extended Equity Market Index Fund | XMX | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Index Fund | MCX | Mutual
Fund - Series |
| | T. Rowe
Price Small-Cap Index Fund | SCX | Mutual
Fund - Series |
| | T. Rowe
Price Total Equity Market Index Fund | TMX | Mutual
Fund - Series |
T. Rowe Price Inflation Protected Bond Fund, Inc. | IPB | Mutual Fund - Parent |
T.
Rowe Price Institutional Equity Funds, Inc. | IEF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Large-Cap Core Growth Fund | LCC | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Large-Cap Growth Fund | LCG | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Large-Cap Value Fund | LCV | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Mid-Cap Equity Growth Fund | MCE | Mutual
Fund - Series |
| | T.
Rowe Price Institutional Small-Cap Stock Fund | SCI | Mutual Fund - Series |
257
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Institutional U.S. Structured Research Fund | IRF | Mutual
Fund - Series |
T. Rowe Price Institutional Income Funds, Inc. | IINCF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Cash Reserves Fund | ICM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Core Plus Fund | ICP | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Floating Rate Fund | IFR | Mutual
Fund - Series |
| | T. Rowe
Price Institutional High Yield Fund | HYI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Long Duration Credit Fund | LDC | Mutual
Fund - Series |
T. Rowe Price Institutional International Funds, Inc. | IIF | Mutual Fund - Parent |
| | T. Rowe Price Institutional Africa & Middle
East Fund | IAM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Bond Fund | IEB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Equity Fund | IEM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Frontier Markets Equity Fund | IFM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Focused Growth Equity Fund | IGE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Growth Equity Fund | IGL | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Global Value Equity Fund | IGV | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Core Equity Fund | IIC | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Disciplined Equity Fund | ICE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Growth Equity Fund | FEF | Mutual
Fund - Series |
T. Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | ITF | Mutual Fund - Parent |
T.
Rowe Price International Funds, Inc. | PIF | Mutual
Fund - Parent |
| | T. Rowe
Price Africa & Middle East Fund | AME | Mutual
Fund - Series |
| | T. Rowe
Price Asia Opportunities Fund | AOF | Mutual
Fund - Series |
| | T. Rowe
Price China Evolution Equity Fund | CEE | Mutual
Fund - Series |
| | T. Rowe
Price Dynamic Credit Fund | DCF | Mutual
Fund - Series |
| | T.
Rowe Price Dynamic Global Bond Fund | GUN | Mutual Fund - Series |
258
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Emerging Europe Fund | EEM | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Bond Fund | EMB | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Corporate Bond Fund | EMC | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Discovery Stock Fund | EMV | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Currency Bond Fund | EML | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Stock Fund | EMS | Mutual
Fund - Series |
| | T. Rowe
Price European Stock Fund | ESF | Mutual
Fund - Series |
| | T. Rowe
Price Global Consumer Fund | GCF | Mutual
Fund - Series |
| | T. Rowe
Price Global Growth Stock Fund | GLE | Mutual
Fund - Series |
| | T. Rowe
Price Global High Income Bond Fund | GHI | Mutual
Fund - Series |
| | T. Rowe
Price Global Industrials Fund | IND | Mutual
Fund - Series |
| | T. Rowe
Price Global Stock Fund | GLS | Mutual
Fund - Series |
| | T. Rowe
Price International Bond Fund | IBF | Mutual
Fund - Series |
| | T. Rowe
Price International Bond Fund (USD Hedged) | IBH | Mutual
Fund - Series |
| | T. Rowe
Price International Disciplined Equity Fund | ICN | Mutual
Fund - Series |
| | T. Rowe
Price International Discovery Fund | IDF | Mutual
Fund - Series |
| | T. Rowe
Price International Stock Fund | ISF | Mutual
Fund - Series |
| | T. Rowe
Price International Value Equity Fund | IGI | Mutual
Fund - Series |
| | T. Rowe
Price Japan Fund | JAF | Mutual
Fund - Series |
| | T. Rowe
Price Latin America Fund | LAM | Mutual
Fund - Series |
| | T. Rowe
Price New Asia Fund | NAS | Mutual
Fund - Series |
| | T. Rowe
Price Overseas Stock Fund | OSF | Mutual
Fund - Series |
T. Rowe Price International Index Fund, Inc. | IIXF | Mutual
Fund - Parent |
| | T. Rowe
Price International Equity Index Fund | IXF | Mutual
Fund - Series |
T.
Rowe Price International Series, Inc. | INS | Mutual Fund - Parent |
259
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price International Stock Portfolio | ISP | Mutual
Fund - Series |
T. Rowe Price Limited Duration Inflation Focused Bond Fund,
Inc. | STI | Mutual
Fund - Parent |
T. Rowe Price Mid-Cap Growth Fund, Inc. | MCG | Mutual
Fund - Parent |
T. Rowe Price Mid-Cap Value Fund, Inc. | MCV | Mutual
Fund - Parent |
T. Rowe Price Multi-Sector Account Portfolios, Inc. | MAPS | Mutual Fund - Parent |
| | T. Rowe Price Emerging Markets Corporate Multi-Sector
Account Portfolio | EBS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Multi-Sector Account Portfolio | ELS | Mutual
Fund - Series |
| | T. Rowe
Price Floating Rate Multi-Sector Account Portfolio | FRS | Mutual
Fund - Series |
| | T. Rowe
Price High Yield Multi-Sector Account Portfolio | HYS | Mutual
Fund - Series |
| | T. Rowe
Price Investment-Grade Corporate Multi-Sector Account Portfolio | IGS | Mutual
Fund - Series |
| | T. Rowe
Price Mortgage-Backed Securities Multi-Sector Account Portfolio | MBS | Mutual
Fund - Series |
T. Rowe Price Multi-Strategy Total Return Fund, Inc. | MSR | Mutual Fund - Parent |
T.
Rowe Price New America Growth Fund, Inc. | NAG | Mutual
Fund - Parent |
T. Rowe Price New Era Fund, Inc. | NEF | Mutual
Fund - Parent |
T. Rowe Price New Horizons Fund, Inc. | NHF | Mutual
Fund - Parent |
T. Rowe Price New Income Fund, Inc. | NIF | Mutual
Fund - Parent |
T. Rowe Price Personal Strategy Funds, Inc. | PER | Mutual
Fund - Parent |
| | T. Rowe
Price Personal Strategy Balanced Fund | PSB | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Growth Fund | PSG | Mutual
Fund - Series |
| | T. Rowe
Price Personal Strategy Income Fund | PSI | Mutual
Fund - Series |
T. Rowe Price Quantitative Management Funds, Inc. |
QUANT
| Mutual
Fund - Parent |
| | T. Rowe
Price QM Global Equity Fund | QGE | Mutual
Fund - Series |
| | T.
Rowe Price QM U.S. Small-Cap Growth Equity Fund | DSG | Mutual Fund - Series |
260
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund | QSM | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Value Equity Fund | QMV | Mutual
Fund - Series |
T. Rowe Price Real Assets Fund, Inc. | RAF | Mutual
Fund - Parent |
T. Rowe Price Real Estate Fund, Inc. | REF | Mutual
Fund - Parent |
T. Rowe Price Reserve Investment Funds, Inc. | RESFDS | Mutual
Fund - Parent |
| | T. Rowe
Price Government Reserve Fund | RES | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Government Fund | GRI | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Fund | REI | Mutual
Fund - Series |
| | T. Rowe
Price Treasury Reserve Fund | GRS | Mutual
Fund - Series |
T. Rowe Price Science & Technology Fund, Inc. | STF | Mutual Fund - Parent |
T.
Rowe Price Short-Term Bond Fund, Inc. | STB | Mutual
Fund - Parent |
| | T. Rowe
Price Ultra Short-Term Bond Fund | SBF | Mutual
Fund - Series |
T. Rowe Price Small-Cap Stock Fund, Inc. | SCS | Mutual
Fund - Parent |
T. Rowe Price Small-Cap Value Fund, Inc. | SCV | Mutual
Fund - Parent |
T. Rowe Price State Tax-Free Funds, Inc. | STT | Mutual
Fund - Parent |
| | T. Rowe
Price California Tax-Free Bond Fund | CAB | Mutual
Fund - Series |
| | T. Rowe
Price California Tax-Free Money Fund | CAM | Mutual
Fund - Series |
| | T. Rowe
Price Georgia Tax-Free Bond Fund | GAB | Mutual
Fund - Series |
| | T. Rowe
Price Maryland Short-Term Tax-Free Bond Fund | MDS | Mutual
Fund - Series |
| | T. Rowe
Price Maryland Tax-Free Bond Fund | MDB | Mutual
Fund - Series |
| | T. Rowe
Price Maryland Tax-Free Money Fund | MDM | Mutual
Fund - Series |
| | T. Rowe
Price New Jersey Tax-Free Bond Fund | NJB | Mutual
Fund - Series |
| | T. Rowe
Price New York Tax-Free Bond Fund | NYB | Mutual
Fund - Series |
| | T. Rowe
Price New York Tax-Free Money Fund | NYM | Mutual
Fund - Series |
| | T.
Rowe Price Virginia Tax-Free Bond Fund | VAB | Mutual Fund - Series |
261
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
T. Rowe Price Summit Funds, Inc. | SIF | Mutual Fund - Parent |
| | T. Rowe Price Cash Reserves Fund | SCR | Mutual Fund - Series |
T.
Rowe Price Summit Municipal Funds, Inc. | SMF | Mutual
Fund - Parent |
| | T. Rowe
Price Summit Municipal Income Fund | SMI | Mutual
Fund - Series |
| | T. Rowe
Price Summit Municipal Intermediate Fund | SMT | Mutual
Fund - Series |
| | T. Rowe
Price Summit Municipal Money Market Fund | SMM | Mutual
Fund - Series |
T. Rowe Price Tax-Efficient Funds, Inc. | TEF | Mutual
Fund - Parent |
| | T. Rowe
Price Tax-Efficient Equity Fund | TMC | Mutual
Fund - Series |
T. Rowe Price Tax-Exempt Money Fund, Inc. | TEM | Mutual
Fund - Parent |
T. Rowe Price Tax-Free High Yield Fund, Inc. | TFH | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Income Fund, Inc. | TFI | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS | Mutual Fund - Parent |
T.
Rowe Price Total Return Fund, Inc. | TTF | Mutual
Fund - Parent |
T. Rowe Price U.S. Bond Enhanced Index Fund, Inc. | UBX | Mutual Fund |
T.
Rowe Price U.S. Equity Research Fund, Inc. | COF | Mutual
Fund - Parent |
T. Rowe Price U.S. Large-Cap Core Fund, Inc. | LCF | Mutual
Fund - Parent |
T. Rowe Price U.S. Treasury Funds, Inc. | USTF | Mutual
Fund - Parent |
| | U.S.
Treasury Intermediate Fund | USI | Mutual
Fund - Series |
| | U.S.
Treasury Long-Term Fund | USL | Mutual
Fund - Series |
| | U.S.
Treasury Money Fund | UST | Mutual
Fund - Series |
T. Rowe Price Value Fund, Inc. | VAL | Mutual
Fund - Parent |
'40
Act Registered Fund of Funds |
T.
Rowe Price Retirement Funds, Inc. | RDF | Mutual Fund - Parent |
262
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Retirement 2005 Fund | RPJ | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2010 Fund | RPA | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2015 Fund | RPG | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2020 Fund | RPB | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2025 Fund | RPH | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2030 Fund | RPC | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2035 Fund | RPI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2040 Fund | RPD | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2045 Fund | RPK | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2050 Fund | RPL | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2055 Fund | RPM | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2060 Fund | RPN | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced Fund | RPE | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Income 2020 Fund | RIB | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2005 Fund—I Class | RBI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2010 Fund—I Class | RCI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2015 Fund—I Class | RDI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2020 Fund—I Class | RFI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2025 Fund—I Class | RGI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2030 Fund—I Class | RHI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2035 Fund—I Class | RII | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2040 Fund—I Class | RJI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2045 Fund—I Class | RKI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2050 Fund—I Class | RMI | Mutual
Fund - Series |
| | T.
Rowe Price Retirement I 2055 Fund—I Class | RNI | Mutual Fund - Series |
263
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Retirement I 2060 Fund—I Class | ROI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced I Fund—I Class | RQI | Mutual
Fund - Series |
| | T. Rowe
Price Target 2005 Fund | TRA | Mutual
Fund - Series |
| | T. Rowe
Price Target 2010 Fund | TRB | Mutual
Fund - Series |
| | T. Rowe
Price Target 2015 Fund | TRC | Mutual
Fund - Series |
| | T. Rowe
Price Target 2020 Fund | TRD | Mutual
Fund - Series |
| | T. Rowe
Price Target 2025 Fund | TRE | Mutual
Fund - Series |
| | T. Rowe
Price Target 2030 Fund | TRG | Mutual
Fund - Series |
| | T. Rowe
Price Target 2035 Fund | TRH | Mutual
Fund - Series |
| | T. Rowe
Price Target 2040 Fund | TRJ | Mutual
Fund - Series |
| | T. Rowe
Price Target 2045 Fund | TRL | Mutual
Fund - Series |
| | T. Rowe
Price Target 2050 Fund | TRM | Mutual
Fund - Series |
| | T. Rowe
Price Target 2055 Fund | TRN | Mutual
Fund - Series |
| | T. Rowe
Price Target 2060 Fund | TRO | Mutual
Fund - Series |
T. Rowe Price Spectrum Fund, Inc. | SPC | Mutual
Fund - Parent |
| | Spectrum
Growth Fund | SPG | Mutual
Fund - Series |
| | Spectrum
Income Fund | SPI | Mutual
Fund - Series |
| | Spectrum
International Fund | SPF | Mutual Fund - Series |
264
AMENDMENT
NO. 19
TO
Fund Accounting Agreement
This Amendment No. 19
(this “Amendment”) dated December 18, 2019 by and between each Fund listed on Exhibit A (each
a “Fund” or collectively the “Funds”) to the Fund Accounting Agreement (as defined
below), T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation having its principal office located at
100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”) and THE BANK OF NEW YORK MELLON, a
bank organized under the Laws of the State of New York, having its principal office located at 240 Greenwich
Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS, each Fund, TRP, and
BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015 (the “Fund
Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire
to amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise defined herein shall
have the meanings ascribed thereto in the Fund Accounting Agreement.
2. SERVICE LEVEL DESCRIPTION
265
The Fund Accounting Agreement is hereby amended by deleting the Service Level
Description attached thereto and replacing it in its entirety with the Service Level Description attached
hereto.
3. EFFECT ON FUND ACCOUNTING AGREEMENT
In the event of any inconsistency between the terms of this Amendment and the
Fund Accounting Agreement, the terms of this Amendment shall be controlling. Except as specifically
and only to the extent modified by this Amendment, all of the terms and provisions of the Fund Accounting
Agreement shall continue to remain in full force and effect.
4.
GOVERNING
LAW
The laws of the State of New York and the federal laws of
the United States applicable therein shall govern, construe, and enforce all of the rights, duties, and
obligations arising out of or related in any manner to, the subject matter of this Amendment, notwithstanding
any conflict of laws principles.
5. COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts, each of which shall
be deemed an original, but all of which taken together shall constitute one single agreement between
the Parties. This Amendment may also be executed and delivered by facsimile or email with confirmation
of delivery and/or receipt.
[Signature page follows.]
266
IN WITNESS WHEREOF, each Fund, TRP, and BNY Mellon have executed
or caused this Amendment to be executed as of the date and year first above written by its duly authorized
representative.
| |
THE
BANK OF NEW YORK MELLON |
By: /s/Scott Russell |
Name: Scott Russell |
Title:
Vice President |
Date: April 20, 2020 |
| |
T. ROWE PRICE ASSOCIATES,
INC. |
By: /s/David Oestreicher |
Name: David Oestreicher |
Title: Vice President |
Date:
|
| |
On behalf of each Fund listed in Amended Exhibit A |
By: /s/Darrell N. Braman
|
Name:
Darrell N. Braman |
Title: Vice President |
Date: |
267
AMENDMENT
NO. 20
TO
Fund Accounting Agreement
This Amendment No. 20
(this “Amendment”) is made and entered into effective as of June 5, 2020 by and between each
Fund listed on amended Exhibit A (each a “Fund” or collectively the “Funds”),
attached hereto as attachment A, T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation having its principal
office located at 100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”) and THE BANK OF
NEW YORK MELLON, a bank organized under the Laws of the State of New York, having its principal office
located at 240 Greenwich Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS,
each Fund, TRP, and BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015
(the “Fund Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire
to amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise defined herein shall
have the meanings ascribed thereto in the Fund Accounting Agreement.
2.
AMENDED
EXHIBIT A
Exhibit A to the Fund Accounting Agreement is hereby amended
by changing the name of T. Rowe Price Institutional Equity Funds, Inc. to T. Rowe Price Equity Funds,
Inc. and on behalf of its separate series, by changing the name of T. Rowe Price Institutional Large-Cap
Growth
268
Fund to T. Rowe Price Large-Cap Growth Fund and T. Rowe Price Institutional
Large-Cap Value Fund to T. Rowe Price Large-Cap Value Fund; by changing the name of T. Rowe
Price Institutional International Funds, Inc. to T. Rowe Price Global Funds, Inc. and on behalf
of its separate series, by changing the name of T. Rowe Price Institutional Global Value Equity
Fund to T. Rowe Price Global Value Equity Fund and by removing T. Rowe Price Institutional
Africa & Middle East Fund, T. Rowe Price Institutional Frontier Markets Equity Fund, T. Rowe
Price Global Focused Growth Equity Fund, and T. Rowe Price Institutional Global Growth Equity Fund;
by changing the name of T. Rowe Price Personal Strategy Funds, Inc. to T. Rowe Price Spectrum
Funds II, Inc. and on behalf of its separate series, by changing the name of T. Rowe Price Personal
Strategy Balanced Fund to T. Rowe Price Spectrum Moderate Allocation Fund, T. Rowe Price Personal
Strategy Growth Fund to T. Rowe Price Spectrum Moderate Growth Allocation Fund, and T. Rowe
Price Personal Strategy Income Fund to T. Rowe Price Spectrum Conservative Allocation Fund; by adding
T. Rowe Price Short Duration Income Fund as a Mutual Fund − Series on behalf of T. Rowe
Price Short-Term Bond, Inc.; and by adding each of T. Rowe Price Retirement 2065 Fund, T. Rowe
Price Retirement I 2065 Fund—I Class, and T. Rowe Price Target 2065 Fund as a Mutual Fund
− Series on behalf of T. Rowe Price Retirement Funds, Inc.
3. EFFECT ON FUND ACCOUNTING AGREEMENT
In the event of any inconsistency between the terms of this Amendment and the
Fund Accounting Agreement, the terms of this Amendment shall be controlling. Except as specifically
and only to the extent modified by this Amendment, all of the terms and provisions of the Fund Accounting
Agreement shall continue to remain in full force and effect.
269
4. GOVERNING LAW
The laws of the State of New York and the federal laws of the United States applicable
therein shall govern, construe, and enforce all of the rights, duties, and obligations arising out of
or related in any manner to, the subject matter of this Amendment, notwithstanding any conflict of laws
principles.
5. COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts, each of which shall
be deemed an original, but all of which taken together shall constitute one single agreement between
the Parties. This Amendment may also be executed and delivered by facsimile or email with confirmation
of delivery and/or receipt.
[Signature page follows.]
270
IN WITNESS WHEREOF, each Fund, TRP, and BNY Mellon have executed
or caused this Amendment to be executed as of the date and year first above written by its duly authorized
representative.
| |
THE
BANK OF NEW YORK MELLON |
By: /s/Scott Russell |
Name: Scott Russell |
Title:
Vice President |
Date: |
| |
T. ROWE PRICE ASSOCIATES,
INC. |
By: /s/David Oestreicher |
Name: David Oestreicher |
Title: Vice President |
Date:
June 5, 2020 |
| |
On behalf of each Fund listed in Amended Exhibit
A |
By:
/s/Darrell N. Braman |
Name: Darrell N. Braman |
Title:
Vice President |
Date: June 5, 2020 |
271
ATTACHMENT A
Amended Exhibit A
| | | | |
Mutual Fund Entity Name | Reference ID | Entity
Type |
‘40
Act Registered Funds | | |
T. Rowe
Price Balanced Fund, Inc. | BAL | Mutual
Fund - Parent |
T. Rowe Price Blue Chip Growth Fund, Inc. | BCG | Mutual
Fund - Parent |
T. Rowe Price Capital Appreciation Fund, Inc. | CAF | Mutual
Fund - Parent |
T. Rowe Price Communications & Technology Fund, Inc. | MTF | Mutual Fund - Parent |
T.
Rowe Price Corporate Income Fund, Inc. | CIF | Mutual
Fund - Parent |
T. Rowe Price Credit Opportunities Fund, Inc. | CRO | Mutual
Fund - Parent |
T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. | DMG | Mutual Fund - Parent |
T.
Rowe Price Dividend Growth Fund, Inc. | DGF | Mutual
Fund - Parent |
T. Rowe Price Equity Funds, Inc. | IEF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Large-Cap Core Growth Fund | LCC | Mutual
Fund - Series |
| | T. Rowe
Price Large-Cap Growth Fund | LCG | Mutual
Fund - Series |
| | T. Rowe
Price Large-Cap Value Fund | LCV | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Mid-Cap Equity Growth Fund | MCE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Small-Cap Stock Fund | SCI | Mutual
Fund - Series |
T. Rowe Price Equity Income Fund, Inc. | EIF | Mutual
Fund - Parent |
T. Rowe Price Equity Series, Inc. | EQS | Mutual
Fund - Parent |
| | T. Rowe
Price Blue Chip Growth Portfolio | BCP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Income Portfolio | EIP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Index 500 Portfolio | EXP | Mutual
Fund - Series |
| | T. Rowe
Price Health Sciences Portfolio | HSP | Mutual
Fund - Series |
| | T.
Rowe Price Mid-Cap Growth Portfolio | MGP | Mutual Fund - Series |
272
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Moderate Allocation Portfolio | PSP | Mutual
Fund - Series |
| | T. Rowe
Price New America Growth Portfolio | NAP | Mutual
Fund - Series |
T. Rowe Price Financial Services Fund, Inc. | FSF | Mutual
Fund - Parent |
T. Rowe Price Fixed Income Series, Inc. | FIS | Mutual
Fund - Parent |
| | T. Rowe
Price Government Money Portfolio | PRP | Mutual
Fund - Series |
| | T. Rowe
Price Limited-Term Bond Portfolio | LTP | Mutual
Fund - Series |
T. Rowe Price Floating Rate Fund, Inc. | FRI | Mutual
Fund - Parent |
T. Rowe Price Global Allocation Fund, Inc. | GAF | Mutual
Fund - Parent |
T. Rowe Price Global Funds, Inc. | IIF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Emerging Markets Bond Fund | IEB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Equity Fund | IEM | Mutual
Fund - Series |
| | T. Rowe
Price Global Value Equity Fund | IGV | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Core Equity Fund | IIC | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Disciplined Equity Fund | ICE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Growth Equity Fund | FEF | Mutual
Fund - Series |
T. Rowe Price Global Multi-Sector Bond Fund, Inc. | SNF | Mutual Fund - Parent |
T.
Rowe Price Global Real Estate Fund, Inc. | GRE | Mutual
Fund - Parent |
T. Rowe Price Global Technology Fund, Inc. | GTF | Mutual
Fund - Parent |
T. Rowe Price GNMA Fund, Inc. | GMA | Mutual
Fund - Parent |
T. Rowe Price Government Money Fund, Inc. | PRF | Mutual
Fund - Parent |
T. Rowe Price Growth & Income Fund, Inc. | GIF | Mutual Fund - Parent |
T.
Rowe Price Growth Stock Fund, Inc. | GSF | Mutual
Fund - Parent |
T. Rowe Price Health Sciences Fund, Inc. | HSF | Mutual
Fund - Parent |
T. Rowe Price High Yield Fund, Inc. | HYF | Mutual
Fund - Parent |
| | T.
Rowe Price U.S. High Yield Fund | UHY | Mutual Fund - Series |
273
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
T. Rowe Price Index Trust, Inc. | INDX | Mutual Fund - Parent |
| | T. Rowe Price Equity Index 500 Fund | EXF | Mutual Fund - Series |
| | T. Rowe Price Extended Equity Market Index
Fund | XMX | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Index Fund | MCX | Mutual
Fund - Series |
| | T. Rowe
Price Small-Cap Index Fund | SCX | Mutual
Fund - Series |
| | T. Rowe
Price Total Equity Market Index Fund | TMX | Mutual
Fund - Series |
T. Rowe Price Inflation Protected Bond Fund, Inc. | IPB | Mutual Fund - Parent |
T.
Rowe Price Institutional Income Funds, Inc. | IINCF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Cash Reserves Fund | ICM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Core Plus Fund | ICP | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Floating Rate Fund | IFR | Mutual
Fund - Series |
| | T. Rowe
Price Institutional High Yield Fund | HYI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Long Duration Credit Fund | LDC | Mutual
Fund - Series |
T. Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | ITF | Mutual Fund - Parent |
T.
Rowe Price International Funds, Inc. | PIF | Mutual
Fund - Parent |
| | T. Rowe
Price Africa & Middle East Fund | AME | Mutual
Fund - Series |
| | T. Rowe
Price Asia Opportunities Fund | AOF | Mutual
Fund - Series |
| | T. Rowe
Price China Evolution Equity Fund | CEE | Mutual
Fund - Series |
| | T. Rowe
Price Dynamic Credit Fund | DCF | Mutual
Fund - Series |
| | T. Rowe
Price Dynamic Global Bond Fund | GUN | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Europe Fund | EEM | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Bond Fund | EMB | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Corporate Bond Fund | EMC | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Discovery Stock Fund | EMV | Mutual
Fund - Series |
| | T.
Rowe Price Emerging Markets Local Currency Bond Fund | EML | Mutual Fund - Series |
274
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Emerging Markets Stock Fund | EMS | Mutual
Fund - Series |
| | T. Rowe
Price European Stock Fund | ESF | Mutual
Fund - Series |
| | T. Rowe
Price Global Consumer Fund | GCF | Mutual
Fund - Series |
| | T. Rowe
Price Global Growth Stock Fund | GLE | Mutual
Fund - Series |
| | T. Rowe
Price Global High Income Bond Fund | GHI | Mutual
Fund - Series |
| | T. Rowe
Price Global Industrials Fund | IND | Mutual
Fund - Series |
| | T. Rowe
Price Global Stock Fund | GLS | Mutual
Fund - Series |
| | T. Rowe
Price International Bond Fund | IBF | Mutual
Fund - Series |
| | T. Rowe
Price International Bond Fund (USD Hedged) | IBH | Mutual
Fund - Series |
| | T. Rowe
Price International Disciplined Equity Fund | ICN | Mutual
Fund - Series |
| | T. Rowe
Price International Discovery Fund | IDF | Mutual
Fund - Series |
| | T. Rowe
Price International Stock Fund | ISF | Mutual
Fund - Series |
| | T. Rowe
Price International Value Equity Fund | IGI | Mutual
Fund - Series |
| | T. Rowe
Price Japan Fund | JAF | Mutual
Fund - Series |
| | T. Rowe
Price Latin America Fund | LAM | Mutual
Fund - Series |
| | T. Rowe
Price New Asia Fund | NAS | Mutual
Fund - Series |
| | T. Rowe
Price Overseas Stock Fund | OSF | Mutual
Fund - Series |
T. Rowe Price International Index Fund, Inc. | IIXF | Mutual
Fund - Parent |
| | T. Rowe
Price International Equity Index Fund | IXF | Mutual
Fund - Series |
T. Rowe Price International Series, Inc. | INS | Mutual
Fund - Parent |
| | T. Rowe
Price International Stock Portfolio | ISP | Mutual
Fund - Series |
T. Rowe Price Limited Duration Inflation Focused Bond Fund,
Inc. | STI | Mutual
Fund - Parent |
T. Rowe Price Mid-Cap Growth Fund, Inc. | MCG | Mutual
Fund - Parent |
T. Rowe Price Mid-Cap Value Fund, Inc. | MCV | Mutual
Fund - Parent |
T.
Rowe Price Multi-Sector Account Portfolios, Inc. | MAPS | Mutual Fund - Parent |
275
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Emerging Markets Corporate Multi-Sector Account Portfolio | EBS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Multi-Sector Account Portfolio | ELS | Mutual
Fund - Series |
| | T. Rowe
Price Floating Rate Multi-Sector Account Portfolio | FRS | Mutual
Fund - Series |
| | T. Rowe
Price High Yield Multi-Sector Account Portfolio | HYS | Mutual
Fund - Series |
| | T. Rowe
Price Investment-Grade Corporate Multi-Sector Account Portfolio | IGS | Mutual
Fund - Series |
| | T. Rowe
Price Mortgage-Backed Securities Multi-Sector Account Portfolio | MBS | Mutual
Fund - Series |
T. Rowe Price Multi-Strategy Total Return Fund, Inc. | MSR | Mutual Fund - Parent |
T.
Rowe Price New America Growth Fund, Inc. | NAG | Mutual
Fund - Parent |
T. Rowe Price New Era Fund, Inc. | NEF | Mutual
Fund - Parent |
T. Rowe Price New Horizons Fund, Inc. | NHF | Mutual
Fund - Parent |
T. Rowe Price New Income Fund, Inc. | NIF | Mutual
Fund - Parent |
T. Rowe Price Quantitative Management Funds, Inc. | QUANT | Mutual
Fund - Parent |
| | T. Rowe
Price QM Global Equity Fund | QGE | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Small-Cap Growth Equity Fund | DSG | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Small & Mid-Cap Core Equity Fund | QSM | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Value Equity Fund | QMV | Mutual
Fund - Series |
T. Rowe Price Real Assets Fund, Inc. | RAF | Mutual
Fund - Parent |
T. Rowe Price Real Estate Fund, Inc. | REF | Mutual
Fund - Parent |
T. Rowe Price Reserve Investment Funds, Inc. | RESFDS | Mutual
Fund - Parent |
| | T. Rowe
Price Government Reserve Fund | RES | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Government Fund | GRI | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Fund | REI | Mutual
Fund - Series |
| | T. Rowe
Price Treasury Reserve Fund | GRS | Mutual
Fund - Series |
T.
Rowe Price Science & Technology Fund, Inc. | STF | Mutual Fund - Parent |
276
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
T. Rowe Price Short-Term Bond Fund, Inc. | STB | Mutual Fund - Parent |
| | T. Rowe Price Short Duration Income Fund | SDI | Mutual Fund - Series |
| | T. Rowe Price Ultra Short-Term Bond Fund | SBF | Mutual Fund - Series |
T.
Rowe Price Small-Cap Stock Fund, Inc. | SCS | Mutual
Fund - Parent |
T. Rowe Price Small-Cap Value Fund, Inc. | SCV | Mutual
Fund - Parent |
T. Rowe Price Spectrum Funds II, Inc. | PER | Mutual
Fund - Parent |
| | T. Rowe
Price Spectrum Conservative Allocation Fund | PSI | Mutual
Fund - Series |
| | T. Rowe
Price Spectrum Moderate Allocation Fund | PSB | Mutual
Fund - Series |
| | T. Rowe
Price Spectrum Moderate Growth Allocation Fund | PSG | Mutual
Fund - Series |
T. Rowe Price State Tax-Free Funds, Inc. | STT | Mutual
Fund - Parent |
| | T. Rowe
Price California Tax-Free Bond Fund | CAB | Mutual
Fund - Series |
| | T. Rowe
Price California Tax-Free Money Fund | CAM | Mutual
Fund - Series |
| | T. Rowe
Price Georgia Tax-Free Bond Fund | GAB | Mutual
Fund - Series |
| | T. Rowe
Price Maryland Short-Term Tax-Free Bond Fund | MDS | Mutual
Fund - Series |
| | T. Rowe
Price Maryland Tax-Free Bond Fund | MDB | Mutual
Fund - Series |
| | T. Rowe
Price Maryland Tax-Free Money Fund | MDM | Mutual
Fund - Series |
| | T. Rowe
Price New Jersey Tax-Free Bond Fund | NJB | Mutual
Fund - Series |
| | T. Rowe
Price New York Tax-Free Bond Fund | NYB | Mutual
Fund - Series |
| | T. Rowe
Price New York Tax-Free Money Fund | NYM | Mutual
Fund - Series |
| | T. Rowe
Price Virginia Tax-Free Bond Fund | VAB | Mutual
Fund - Series |
T. Rowe Price Summit Funds, Inc. | SIF | Mutual
Fund - Parent |
| | T. Rowe
Price Cash Reserves Fund | SCR | Mutual
Fund - Series |
T. Rowe Price Summit Municipal Funds, Inc. | SMF | Mutual
Fund - Parent |
| | T. Rowe
Price Summit Municipal Income Fund | SMI | Mutual
Fund - Series |
| | T.
Rowe Price Summit Municipal Intermediate Fund | SMT | Mutual Fund - Series |
277
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Summit Municipal Money Market Fund | SMM | Mutual
Fund - Series |
T. Rowe Price Tax-Efficient Funds, Inc. | TEF | Mutual
Fund - Parent |
| | T. Rowe
Price Tax-Efficient Equity Fund | TMC | Mutual
Fund - Series |
T. Rowe Price Tax-Exempt Money Fund, Inc. | TEM | Mutual
Fund - Parent |
T. Rowe Price Tax-Free High Yield Fund, Inc. | TFH | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Income Fund, Inc. | TFI | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS | Mutual Fund - Parent |
T.
Rowe Price Total Return Fund, Inc. | TTF | Mutual
Fund - Parent |
T. Rowe Price U.S. Bond Enhanced Index Fund, Inc. | UBX | Mutual Fund |
T.
Rowe Price U.S. Equity Research Fund, Inc. | COF | Mutual
Fund - Parent |
T. Rowe Price U.S. Large-Cap Core Fund, Inc. | LCF | Mutual
Fund - Parent |
T. Rowe Price U.S. Treasury Funds, Inc. | USTF | Mutual
Fund - Parent |
| | U.S.
Treasury Intermediate Fund | USI | Mutual
Fund - Series |
| | U.S.
Treasury Long-Term Fund | USL | Mutual
Fund - Series |
| | U.S.
Treasury Money Fund | UST | Mutual
Fund - Series |
T. Rowe Price Value Fund, Inc. | VAL | Mutual
Fund - Parent |
'40
Act Registered Fund of Funds |
T. Rowe Price Retirement Funds, Inc. | RDF | Mutual Fund - Parent |
| | T. Rowe Price Retirement 2005 Fund | RPJ | Mutual Fund - Series |
| | T. Rowe Price Retirement 2010 Fund | RPA | Mutual Fund - Series |
| | T. Rowe Price Retirement 2015 Fund | RPG | Mutual Fund - Series |
| | T. Rowe Price Retirement 2020 Fund | RPB | Mutual Fund - Series |
| | T.
Rowe Price Retirement 2025 Fund | RPH | Mutual Fund - Series |
278
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Retirement 2030 Fund | RPC | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2035 Fund | RPI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2040 Fund | RPD | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2045 Fund | RPK | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2050 Fund | RPL | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2055 Fund | RPM | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2060 Fund | RPN | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2065 Fund | RPO | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced Fund | RPE | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Income 2020 Fund | RIB | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2005 Fund—I Class | RBI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2010 Fund—I Class | RCI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2015 Fund—I Class | RDI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2020 Fund—I Class | RFI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2025 Fund—I Class | RGI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2030 Fund—I Class | RHI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2035 Fund—I Class | RII | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2040 Fund—I Class | RJI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2045 Fund—I Class | RKI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2050 Fund—I Class | RMI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2055 Fund—I Class | RNI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2060 Fund—I Class | ROI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2065 Fund—I Class | RRI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced I Fund—I Class | RQI | Mutual
Fund - Series |
| | T.
Rowe Price Target 2005 Fund | TRA | Mutual Fund - Series |
279
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Target 2010 Fund | TRB | Mutual
Fund - Series |
| | T. Rowe
Price Target 2015 Fund | TRC | Mutual
Fund - Series |
| | T. Rowe
Price Target 2020 Fund | TRD | Mutual
Fund - Series |
| | T. Rowe
Price Target 2025 Fund | TRE | Mutual
Fund - Series |
| | T. Rowe
Price Target 2030 Fund | TRG | Mutual
Fund - Series |
| | T. Rowe
Price Target 2035 Fund | TRH | Mutual
Fund - Series |
| | T. Rowe
Price Target 2040 Fund | TRJ | Mutual
Fund - Series |
| | T. Rowe
Price Target 2045 Fund | TRL | Mutual
Fund - Series |
| | T. Rowe
Price Target 2050 Fund | TRM | Mutual
Fund - Series |
| | T. Rowe
Price Target 2055 Fund | TRN | Mutual
Fund - Series |
| | T. Rowe
Price Target 2060 Fund | TRO | Mutual
Fund - Series |
| | T. Rowe
Price Target 2065 Fund | TRQ | Mutual
Fund - Series |
T. Rowe Price Spectrum Fund, Inc. | SPC | Mutual
Fund - Parent |
| | Spectrum
Growth Fund | SPG | Mutual
Fund - Series |
| | Spectrum
Income Fund | SPI | Mutual
Fund - Series |
| | Spectrum
International Fund | SPF | Mutual Fund - Series |
280
AMENDMENT
NO. 21
TO
Fund Accounting Agreement
This Amendment No. 21
(this “Amendment”) is made and entered into effective as of October 5, 2020 by and between
each Fund listed on amended Exhibit A (each a “Fund” or collectively the “Funds”),
attached hereto as attachment A, T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation having its principal
office located at 100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”) and THE BANK
OF NEW YORK MELLON, a bank organized under the Laws of the State of New York, having its principal office
located at 240 Greenwich Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS,
each Fund, TRP, and BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015
(the “Fund Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire
to amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise defined herein shall
have the meanings ascribed thereto in the Fund Accounting Agreement.
2.
AMENDED
EXHIBIT A
Exhibit A to the Fund Accounting Agreement is hereby amended
by changing the name of T. Rowe Price U.S. Bond Enhanced Index Fund, Inc. to T. Rowe Price QM U.S. Bond
Index Fund, Inc.; by changing the name of U.S. Treasury Intermediate Fund, U.S. Treasury Long-Term
281
Fund, and U.S. Treasury Money Fund, each a Mutual Fund – Series of T. Rowe
Price U.S. Treasury Funds, Inc., to T. Rowe Price U.S. Treasury Intermediate Index Fund, T. Rowe Price
U.S. Treasury Long-Term Index Fund, and T. Rowe Price U.S. Treasury Money Fund, respectively; by removing
T. Rowe Price Institutional International Core Equity Fund and T. Rowe Price Institutional International
Growth Equity Fund, each as a Mutual Fund – Series on behalf of T. Rowe Price Global Funds, Inc;
by adding T. Rowe Price U.S. Limited Duration TIPS Index Fund as a Mutual Fund – Series of the
T. Rowe Price Index Trust, Inc.; by adding T. Rowe Price Retirement Blend 2005 Fund, T. Rowe Price Retirement
Blend 2010 Fund, T. Rowe Price Retirement Blend 2015 Fund, T. Rowe Price Retirement Blend 2020 Fund,
T. Rowe Price Retirement Blend 2025 Fund, T. Rowe Price Retirement Blend 2030 Fund, T. Rowe Price Retirement
Blend 2035 Fund, T. Rowe Price Retirement Blend 2040 Fund, T. Rowe Price Retirement Blend 2045 Fund,
T. Rowe Price Retirement Blend 2050 Fund, T. Rowe Price Retirement Blend 2055 Fund, T. Rowe Price Retirement
Blend 2060 Fund, and T. Rowe Price Retirement 2065 Fund, each a Mutual Fund – Series of T. Rowe
Price Retirement Funds, Inc.; and by adding T. Rowe Price Transition Fund as a Mutual Fund – Series
of the T. Rowe Price Reserve Investment Funds, Inc.
3.
EFFECT
ON FUND ACCOUNTING AGREEMENT
In the event of any inconsistency between
the terms of this Amendment and the Fund Accounting Agreement, the terms of this Amendment shall be controlling.
Except as specifically and only to the extent modified by this Amendment, all of the terms and provisions
of the Fund Accounting Agreement shall continue to remain in full force and effect.
282
4. GOVERNING LAW
The laws of the State of New York and the federal laws of the United States applicable
therein shall govern, construe, and enforce all of the rights, duties, and obligations arising out of
or related in any manner to, the subject matter of this Amendment, notwithstanding any conflict of laws
principles.
5. COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts, each of which shall
be deemed an original, but all of which taken together shall constitute one single agreement between
the Parties. This Amendment may also be executed and delivered by facsimile or email with confirmation
of delivery and/or receipt.
[Signature page follows.]
283
IN WITNESS WHEREOF, each Fund, TRP, and BNY Mellon have executed
or caused this Amendment to be executed as of the date and year first above written by its duly authorized
representative.
| |
THE
BANK OF NEW YORK MELLON |
By: /s/Scott Russell |
Name: Scott Russell |
Title:
Vice President |
Date: |
| |
T. ROWE PRICE ASSOCIATES,
INC. |
By: /s/David Oestreicher |
Name: David Oestreicher |
Title: Vice President |
Date:
October 5, 2020 |
| |
On behalf of each Fund listed in Amended Exhibit
A |
By:
/s/Fran Pollack-Matz |
Name: Fran Pollack-Matz |
Title:
Vice President |
Date: October 5, 2020 |
284
ATTACHMENT A
Amended Exhibit A
| | | | |
Mutual Fund Entity Name | Reference ID | Entity
Type |
‘40
Act Registered Funds | | |
T. Rowe
Price Balanced Fund, Inc. | BAL | Mutual
Fund - Parent |
T. Rowe Price Blue Chip Growth Fund, Inc. | BCG | Mutual
Fund - Parent |
T. Rowe Price Capital Appreciation Fund, Inc. | CAF | Mutual
Fund - Parent |
T. Rowe Price Communications & Technology Fund, Inc. | MTF | Mutual Fund - Parent |
T.
Rowe Price Corporate Income Fund, Inc. | CIF | Mutual
Fund - Parent |
T. Rowe Price Credit Opportunities Fund, Inc. | CRO | Mutual
Fund - Parent |
T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. | DMG | Mutual Fund - Parent |
T.
Rowe Price Dividend Growth Fund, Inc. | DGF | Mutual
Fund - Parent |
T. Rowe Price Equity Funds, Inc. | IEF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Large-Cap Core Growth Fund | LCC | Mutual
Fund - Series |
| | T. Rowe
Price Large-Cap Growth Fund | LCG | Mutual
Fund - Series |
| | T. Rowe
Price Large-Cap Value Fund | LCV | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Mid-Cap Equity Growth Fund | MCE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Small-Cap Stock Fund | SCI | Mutual
Fund - Series |
T. Rowe Price Equity Income Fund, Inc. | EIF | Mutual
Fund - Parent |
T. Rowe Price Equity Series, Inc. | EQS | Mutual
Fund - Parent |
| | T. Rowe
Price Blue Chip Growth Portfolio | BCP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Income Portfolio | EIP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Index 500 Portfolio | EXP | Mutual
Fund - Series |
| | T. Rowe
Price Health Sciences Portfolio | HSP | Mutual
Fund - Series |
| | T.
Rowe Price Mid-Cap Growth Portfolio | MGP | Mutual Fund - Series |
285
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Moderate Allocation Portfolio | PSP | Mutual
Fund - Series |
| | T. Rowe
Price New America Growth Portfolio | NAP | Mutual
Fund - Series |
T. Rowe Price Financial Services Fund, Inc. | FSF | Mutual
Fund - Parent |
T. Rowe Price Fixed Income Series, Inc. | FIS | Mutual
Fund - Parent |
| | T. Rowe
Price Government Money Portfolio | PRP | Mutual
Fund - Series |
| | T. Rowe
Price Limited-Term Bond Portfolio | LTP | Mutual
Fund - Series |
T. Rowe Price Floating Rate Fund, Inc. | FRI | Mutual
Fund - Parent |
T. Rowe Price Global Allocation Fund, Inc. | GAF | Mutual
Fund - Parent |
T. Rowe Price Global Funds, Inc. | IIF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Emerging Markets Bond Fund | IEB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Equity Fund | IEM | Mutual
Fund - Series |
| | T. Rowe
Price Global Value Equity Fund | IGV | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Disciplined Equity Fund | ICE | Mutual
Fund - Series |
T. Rowe Price Global Multi-Sector Bond Fund, Inc. | SNF | Mutual Fund - Parent |
T.
Rowe Price Global Real Estate Fund, Inc. | GRE | Mutual
Fund - Parent |
T. Rowe Price Global Technology Fund, Inc. | GTF | Mutual
Fund - Parent |
T. Rowe Price GNMA Fund, Inc. | GMA | Mutual
Fund - Parent |
T. Rowe Price Government Money Fund, Inc. | PRF | Mutual
Fund - Parent |
T. Rowe Price Growth & Income Fund, Inc. | GIF | Mutual Fund - Parent |
T.
Rowe Price Growth Stock Fund, Inc. | GSF | Mutual
Fund - Parent |
T. Rowe Price Health Sciences Fund, Inc. | HSF | Mutual
Fund - Parent |
T. Rowe Price High Yield Fund, Inc. | HYF | Mutual
Fund - Parent |
| | T. Rowe
Price U.S. High Yield Fund | UHY | Mutual
Fund - Series |
T. Rowe Price Index Trust, Inc. | INDX | Mutual
Fund - Parent |
| | T.
Rowe Price Equity Index 500 Fund | EXF | Mutual Fund - Series |
286
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Extended Equity Market Index Fund | XMX | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Index Fund | MCX | Mutual
Fund - Series |
| | T. Rowe
Price Small-Cap Index Fund | SCX | Mutual
Fund - Series |
| | T. Rowe
Price U.S. Limited Duration TIPS Index Fund | LDX | Mutual
Fund - Series |
| | T. Rowe
Price Total Equity Market Index Fund | TMX | Mutual
Fund - Series |
T. Rowe Price Inflation Protected Bond Fund, Inc. | IPB | Mutual Fund - Parent |
T.
Rowe Price Institutional Income Funds, Inc. | IINCF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Cash Reserves Fund | ICM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Core Plus Fund | ICP | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Floating Rate Fund | IFR | Mutual
Fund - Series |
| | T. Rowe
Price Institutional High Yield Fund | HYI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Long Duration Credit Fund | LDC | Mutual
Fund - Series |
T. Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | ITF | Mutual Fund - Parent |
T.
Rowe Price International Funds, Inc. | PIF | Mutual
Fund - Parent |
| | T. Rowe
Price Africa & Middle East Fund | AME | Mutual
Fund - Series |
| | T. Rowe
Price Asia Opportunities Fund | AOF | Mutual
Fund - Series |
| | T. Rowe
Price China Evolution Equity Fund | CEE | Mutual
Fund - Series |
| | T. Rowe
Price Dynamic Credit Fund | DCF | Mutual
Fund - Series |
| | T. Rowe
Price Dynamic Global Bond Fund | GUN | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Europe Fund | EEM | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Bond Fund | EMB | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Corporate Bond Fund | EMC | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Discovery Stock Fund | EMV | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Currency Bond Fund | EML | Mutual
Fund - Series |
| | T.
Rowe Price Emerging Markets Stock Fund | EMS | Mutual Fund - Series |
287
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price European Stock Fund | ESF | Mutual
Fund - Series |
| | T. Rowe
Price Global Consumer Fund | GCF | Mutual
Fund - Series |
| | T. Rowe
Price Global Growth Stock Fund | GLE | Mutual
Fund - Series |
| | T. Rowe
Price Global High Income Bond Fund | GHI | Mutual
Fund - Series |
| | T. Rowe
Price Global Industrials Fund | IND | Mutual
Fund - Series |
| | T. Rowe
Price Global Stock Fund | GLS | Mutual
Fund - Series |
| | T. Rowe
Price International Bond Fund | IBF | Mutual
Fund - Series |
| | T. Rowe
Price International Bond Fund (USD Hedged) | IBH | Mutual
Fund - Series |
| | T. Rowe
Price International Disciplined Equity Fund | ICN | Mutual
Fund - Series |
| | T. Rowe
Price International Discovery Fund | IDF | Mutual
Fund - Series |
| | T. Rowe
Price International Stock Fund | ISF | Mutual
Fund - Series |
| | T. Rowe
Price International Value Equity Fund | IGI | Mutual
Fund - Series |
| | T. Rowe
Price Japan Fund | JAF | Mutual
Fund - Series |
| | T. Rowe
Price Latin America Fund | LAM | Mutual
Fund - Series |
| | T. Rowe
Price New Asia Fund | NAS | Mutual
Fund - Series |
| | T. Rowe
Price Overseas Stock Fund | OSF | Mutual
Fund - Series |
T. Rowe Price International Index Fund, Inc. | IIXF | Mutual
Fund - Parent |
| | T. Rowe
Price International Equity Index Fund | IXF | Mutual
Fund - Series |
T. Rowe Price International Series, Inc. | INS | Mutual
Fund - Parent |
| | T. Rowe
Price International Stock Portfolio | ISP | Mutual
Fund - Series |
T. Rowe Price Limited Duration Inflation Focused Bond Fund,
Inc. | STI | Mutual
Fund - Parent |
T. Rowe Price Mid-Cap Growth Fund, Inc. | MCG | Mutual
Fund - Parent |
T. Rowe Price Mid-Cap Value Fund, Inc. | MCV | Mutual
Fund - Parent |
T.
Rowe Price Multi-Sector Account Portfolios, Inc. | MAPS | Mutual Fund - Parent |
288
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Emerging Markets Corporate Multi-Sector Account Portfolio | EBS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Multi-Sector Account Portfolio | ELS | Mutual
Fund - Series |
| | T. Rowe
Price Floating Rate Multi-Sector Account Portfolio | FRS | Mutual
Fund - Series |
| | T. Rowe
Price High Yield Multi-Sector Account Portfolio | HYS | Mutual
Fund - Series |
| | T. Rowe
Price Investment-Grade Corporate Multi-Sector Account Portfolio | IGS | Mutual
Fund - Series |
| | T. Rowe
Price Mortgage-Backed Securities Multi-Sector Account Portfolio | MBS | Mutual
Fund - Series |
T. Rowe Price Multi-Strategy Total Return Fund, Inc. | MSR | Mutual Fund - Parent |
T.
Rowe Price New America Growth Fund, Inc. | NAG | Mutual
Fund - Parent |
T. Rowe Price New Era Fund, Inc. | NEF | Mutual
Fund - Parent |
T. Rowe Price New Horizons Fund, Inc. | NHF | Mutual
Fund - Parent |
T. Rowe Price New Income Fund, Inc. | NIF | Mutual
Fund - Parent |
T. Rowe Price Quantitative Management Funds, Inc. | QUANT | Mutual
Fund - Parent |
| | T. Rowe
Price QM Global Equity Fund | QGE | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Small-Cap Growth Equity Fund | DSG | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Small & Mid-Cap Core Equity Fund | QSM | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Value Equity Fund | QMV | Mutual
Fund - Series |
T. Rowe Price Real Assets Fund, Inc. | RAF | Mutual
Fund - Parent |
T. Rowe Price Real Estate Fund, Inc. | REF | Mutual
Fund - Parent |
T. Rowe Price Reserve Investment Funds, Inc. | RESFDS | Mutual
Fund - Parent |
| | T. Rowe
Price Government Reserve Fund | RES | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Government Fund | GRI | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Fund | REI | Mutual
Fund - Series |
| | T. Rowe
Price Transition Fund | TNF | Mutual
Fund - Series |
| | T.
Rowe Price Treasury Reserve Fund | GRS | Mutual Fund - Series |
289
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
T. Rowe Price Science & Technology Fund,
Inc. | STF | Mutual
Fund - Parent |
T. Rowe Price Short-Term Bond Fund, Inc. | STB | Mutual
Fund - Parent |
| | T. Rowe
Price Short Duration Income Fund | SDI | Mutual
Fund - Series |
| | T. Rowe
Price Ultra Short-Term Bond Fund | SBF | Mutual
Fund - Series |
T. Rowe Price Small-Cap Stock Fund, Inc. | SCS | Mutual
Fund - Parent |
T. Rowe Price Small-Cap Value Fund, Inc. | SCV | Mutual
Fund - Parent |
T. Rowe Price Spectrum Funds II, Inc. | PER | Mutual
Fund - Parent |
| | T. Rowe
Price Spectrum Conservative Allocation Fund | PSI | Mutual
Fund - Series |
| | T. Rowe
Price Spectrum Moderate Allocation Fund | PSB | Mutual
Fund - Series |
| | T. Rowe
Price Spectrum Moderate Growth Allocation Fund | PSG | Mutual
Fund - Series |
T. Rowe Price State Tax-Free Funds, Inc. | STT | Mutual
Fund - Parent |
| | T. Rowe
Price California Tax-Free Bond Fund | CAB | Mutual
Fund - Series |
| | T. Rowe
Price California Tax-Free Money Fund | CAM | Mutual
Fund - Series |
| | T. Rowe
Price Georgia Tax-Free Bond Fund | GAB | Mutual
Fund - Series |
| | T. Rowe
Price Maryland Short-Term Tax-Free Bond Fund | MDS | Mutual
Fund - Series |
| | T. Rowe
Price Maryland Tax-Free Bond Fund | MDB | Mutual
Fund - Series |
| | T. Rowe
Price Maryland Tax-Free Money Fund | MDM | Mutual
Fund - Series |
| | T. Rowe
Price New Jersey Tax-Free Bond Fund | NJB | Mutual
Fund - Series |
| | T. Rowe
Price New York Tax-Free Bond Fund | NYB | Mutual
Fund - Series |
| | T. Rowe
Price New York Tax-Free Money Fund | NYM | Mutual
Fund - Series |
| | T. Rowe
Price Virginia Tax-Free Bond Fund | VAB | Mutual
Fund - Series |
T. Rowe Price Summit Funds, Inc. | SIF | Mutual
Fund - Parent |
| | T. Rowe
Price Cash Reserves Fund | SCR | Mutual
Fund - Series |
T. Rowe Price Summit Municipal Funds, Inc. | SMF | Mutual
Fund - Parent |
| | T.
Rowe Price Summit Municipal Income Fund | SMI | Mutual Fund - Series |
290
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Summit Municipal Intermediate Fund | SMT | Mutual
Fund - Series |
| | T. Rowe
Price Summit Municipal Money Market Fund | SMM | Mutual
Fund - Series |
T. Rowe Price Tax-Efficient Funds, Inc. | TEF | Mutual
Fund - Parent |
| | T. Rowe
Price Tax-Efficient Equity Fund | TMC | Mutual
Fund - Series |
T. Rowe Price Tax-Exempt Money Fund, Inc. | TEM | Mutual
Fund - Parent |
T. Rowe Price Tax-Free High Yield Fund, Inc. | TFH | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Income Fund, Inc. | TFI | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS | Mutual Fund - Parent |
T.
Rowe Price Total Return Fund, Inc. | TTF | Mutual
Fund - Parent |
T. Rowe Price QM U.S. Bond Index Fund, Inc. | UBX | Mutual
Fund |
T. Rowe Price U.S. Equity Research Fund, Inc. | COF | Mutual
Fund - Parent |
T. Rowe Price U.S. Large-Cap Core Fund, Inc. | LCF | Mutual
Fund - Parent |
T. Rowe Price U.S. Treasury Funds, Inc. | USTF | Mutual
Fund - Parent |
| | T. Rowe
Price U.S. Treasury Intermediate Index Fund | USI | Mutual
Fund - Series |
| | T. Rowe
Price U.S. Treasury Long-Term Index Fund | USL | Mutual
Fund - Series |
| | T. Rowe
Price U.S. Treasury Money Fund | UST | Mutual
Fund - Series |
T. Rowe Price Value Fund, Inc. | VAL | Mutual
Fund - Parent |
'40
Act Registered Fund of Funds |
T. Rowe Price Retirement Funds, Inc. | RDF | Mutual Fund - Parent |
| | T. Rowe Price Retirement 2005 Fund | RPJ | Mutual Fund - Series |
| | T. Rowe Price Retirement 2010 Fund | RPA | Mutual Fund - Series |
| | T. Rowe Price Retirement 2015 Fund | RPG | Mutual Fund - Series |
| | T.
Rowe Price Retirement 2020 Fund | RPB | Mutual Fund - Series |
291
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Retirement 2025 Fund | RPH | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2030 Fund | RPC | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2035 Fund | RPI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2040 Fund | RPD | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2045 Fund | RPK | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2050 Fund | RPL | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2055 Fund | RPM | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2060 Fund | RPN | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2065 Fund | RPO | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced Fund | RPE | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2005 Fund | RBA | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2010 Fund | RBB | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2015 Fund | RBC | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2020 Fund | RBD | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2025 Fund | RBE | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2030 Fund | RBG | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2035 Fund | RBH | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2040 Fund | RBJ | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2045 Fund | RBK | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2050 Fund | RBL | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2055 Fund | RBM | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2060 Fund | RBN | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2065 Fund | RBO | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Income 2020 Fund | RIB | Mutual
Fund - Series |
| | T.
Rowe Price Retirement I 2005 Fund—I Class | RBI | Mutual Fund - Series |
292
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Retirement I 2010 Fund—I Class | RCI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2015 Fund—I Class | RDI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2020 Fund—I Class | RFI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2025 Fund—I Class | RGI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2030 Fund—I Class | RHI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2035 Fund—I Class | RII | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2040 Fund—I Class | RJI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2045 Fund—I Class | RKI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2050 Fund—I Class | RMI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2055 Fund—I Class | RNI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2060 Fund—I Class | ROI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2065 Fund—I Class | RRI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced I Fund—I Class | RQI | Mutual
Fund - Series |
| | T. Rowe
Price Target 2005 Fund | TRA | Mutual
Fund - Series |
| | T. Rowe
Price Target 2010 Fund | TRB | Mutual
Fund - Series |
| | T. Rowe
Price Target 2015 Fund | TRC | Mutual
Fund - Series |
| | T. Rowe
Price Target 2020 Fund | TRD | Mutual
Fund - Series |
| | T. Rowe
Price Target 2025 Fund | TRE | Mutual
Fund - Series |
| | T. Rowe
Price Target 2030 Fund | TRG | Mutual
Fund - Series |
| | T. Rowe
Price Target 2035 Fund | TRH | Mutual
Fund - Series |
| | T. Rowe
Price Target 2040 Fund | TRJ | Mutual
Fund - Series |
| | T. Rowe
Price Target 2045 Fund | TRL | Mutual
Fund - Series |
| | T. Rowe
Price Target 2050 Fund | TRM | Mutual
Fund - Series |
| | T. Rowe
Price Target 2055 Fund | TRN | Mutual
Fund - Series |
| | T.
Rowe Price Target 2060 Fund | TRO | Mutual Fund - Series |
293
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Target 2065 Fund | TRQ | Mutual
Fund - Series |
T. Rowe Price Spectrum Fund, Inc. | SPC | Mutual
Fund - Parent |
| | Spectrum
Growth Fund | SPG | Mutual
Fund - Series |
| | Spectrum
Income Fund | SPI | Mutual
Fund - Series |
| | Spectrum
International Fund | SPF | Mutual Fund - Series |
294
AMENDMENT
NO. 22
TO
Fund Accounting Agreement
This Amendment No. 22
(this “Amendment”) is made and entered into effective as of January 4, 2021 by and between
each Fund listed on amended Exhibit A (each a “Fund” or collectively the “Funds”),
attached hereto as attachment A, T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation having its principal
office located at 100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”) and THE BANK
OF NEW YORK MELLON, a bank organized under the Laws of the State of New York, having its principal office
located at 240 Greenwich Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS,
each Fund, TRP, and BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015
(the “Fund Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire
to amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise defined herein shall
have the meanings ascribed thereto in the Fund Accounting Agreement.
2.
AMENDED
EXHIBIT A
Exhibit A to the Fund Accounting Agreement is hereby amended
by removing T. Rowe Price Institutional Core Plus Fund as a Mutual Fund – Series of the T. Rowe
Price Institutional Income Funds, Inc.; by adding T. Rowe Price Global Impact Equity Fund as a Mutual
Fund –
295
Series of the T. Rowe Price International Funds, Inc.; by removing T. Rowe Price
Summit Municipal Money Market Fund as a Mutual Fund – Series of T. Rowe Price Summit Municipal
Funds, Inc.; and by changing the name of Spectrum Growth Fund, Spectrum Income Fund, and Spectrum International
Fund, each a Mutual Fund – Series of T. Rowe Price Spectrum Fund, Inc., to T. Rowe Price Spectrum
Diversified Equity Fund, T. Rowe Price Spectrum Income Fund, and T. Rowe Price Spectrum International
Equity Fund, respectively.
3. EFFECT ON FUND ACCOUNTING
AGREEMENT
In the event of any inconsistency between the terms of this
Amendment and the Fund Accounting Agreement, the terms of this Amendment shall be controlling. Except
as specifically and only to the extent modified by this Amendment, all of the terms and provisions of
the Fund Accounting Agreement shall continue to remain in full force and effect.
4. GOVERNING LAW
The
laws of the State of New York and the federal laws of the United States applicable therein shall govern,
construe, and enforce all of the rights, duties, and obligations arising out of or related in any manner
to, the subject matter of this Amendment, notwithstanding any conflict of laws principles.
5. COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts, each of which shall
be deemed an original, but all of which taken together shall constitute one single agreement between
the Parties. This Amendment may also be executed and delivered by facsimile or email with confirmation
of delivery and/or receipt.
296
[Signature
page follows.]
297
IN WITNESS WHEREOF, each Fund, TRP, and BNY Mellon have executed
or caused this Amendment to be executed as of the date and year first above written by its duly authorized
representative.
| |
THE
BANK OF NEW YORK MELLON |
By: /s/Scott Russell |
Name: Scott Russell |
Title:
Vice President |
Date: January 4, 2021 |
| |
T. ROWE PRICE ASSOCIATES,
INC. |
By: /s/David Oestreicher |
Name: David Oestreicher |
Title: Vice President |
Date:
January 4, 2021 |
| |
On behalf of each Fund listed in Amended Exhibit
A |
By:
/s/Fran Pollack-Matz |
Name: Fran Pollack-Matz |
Title:
Vice President |
Date: January 4, 2021 |
298
ATTACHMENT A
Amended Exhibit A
| | | | |
Mutual Fund Entity Name | Reference ID | Entity
Type |
‘40
Act Registered Funds | | |
T. Rowe
Price Balanced Fund, Inc. | BAL | Mutual
Fund - Parent |
T. Rowe Price Blue Chip Growth Fund, Inc. | BCG | Mutual
Fund - Parent |
T. Rowe Price Capital Appreciation Fund, Inc. | CAF | Mutual
Fund - Parent |
T. Rowe Price Communications & Technology Fund, Inc. | MTF | Mutual Fund - Parent |
T.
Rowe Price Corporate Income Fund, Inc. | CIF | Mutual
Fund - Parent |
T. Rowe Price Credit Opportunities Fund, Inc. | CRO | Mutual
Fund - Parent |
T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. | DMG | Mutual Fund - Parent |
T.
Rowe Price Dividend Growth Fund, Inc. | DGF | Mutual
Fund - Parent |
T. Rowe Price Equity Funds, Inc. | IEF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Large-Cap Core Growth Fund | LCC | Mutual
Fund - Series |
| | T. Rowe
Price Large-Cap Growth Fund | LCG | Mutual
Fund - Series |
| | T. Rowe
Price Large-Cap Value Fund | LCV | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Mid-Cap Equity Growth Fund | MCE | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Small-Cap Stock Fund | SCI | Mutual
Fund - Series |
T. Rowe Price Equity Income Fund, Inc. | EIF | Mutual
Fund - Parent |
T. Rowe Price Equity Series, Inc. | EQS | Mutual
Fund - Parent |
| | T. Rowe
Price Blue Chip Growth Portfolio | BCP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Income Portfolio | EIP | Mutual
Fund - Series |
| | T. Rowe
Price Equity Index 500 Portfolio | EXP | Mutual
Fund - Series |
| | T. Rowe
Price Health Sciences Portfolio | HSP | Mutual
Fund - Series |
| | T.
Rowe Price Mid-Cap Growth Portfolio | MGP | Mutual Fund - Series |
299
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Moderate Allocation Portfolio | PSP | Mutual
Fund - Series |
| | T. Rowe
Price New America Growth Portfolio | NAP | Mutual
Fund - Series |
T. Rowe Price Financial Services Fund, Inc. | FSF | Mutual
Fund - Parent |
T. Rowe Price Fixed Income Series, Inc. | FIS | Mutual
Fund - Parent |
| | T. Rowe
Price Government Money Portfolio | PRP | Mutual
Fund - Series |
| | T. Rowe
Price Limited-Term Bond Portfolio | LTP | Mutual
Fund - Series |
T. Rowe Price Floating Rate Fund, Inc. | FRI | Mutual
Fund - Parent |
T. Rowe Price Global Allocation Fund, Inc. | GAF | Mutual
Fund - Parent |
T. Rowe Price Global Funds, Inc. | IIF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Emerging Markets Bond Fund | IEB | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Emerging Markets Equity Fund | IEM | Mutual
Fund - Series |
| | T. Rowe
Price Global Value Equity Fund | IGV | Mutual
Fund - Series |
| | T. Rowe
Price Institutional International Disciplined Equity Fund | ICE | Mutual
Fund - Series |
T. Rowe Price Global Multi-Sector Bond Fund, Inc. | SNF | Mutual Fund - Parent |
T.
Rowe Price Global Real Estate Fund, Inc. | GRE | Mutual
Fund - Parent |
T. Rowe Price Global Technology Fund, Inc. | GTF | Mutual
Fund - Parent |
T. Rowe Price GNMA Fund, Inc. | GMA | Mutual
Fund - Parent |
T. Rowe Price Government Money Fund, Inc. | PRF | Mutual
Fund - Parent |
T. Rowe Price Growth & Income Fund, Inc. | GIF | Mutual Fund - Parent |
T.
Rowe Price Growth Stock Fund, Inc. | GSF | Mutual
Fund - Parent |
T. Rowe Price Health Sciences Fund, Inc. | HSF | Mutual
Fund - Parent |
T. Rowe Price High Yield Fund, Inc. | HYF | Mutual
Fund - Parent |
| | T. Rowe
Price U.S. High Yield Fund | UHY | Mutual
Fund - Series |
T. Rowe Price Index Trust, Inc. | INDX | Mutual
Fund - Parent |
| | T.
Rowe Price Equity Index 500 Fund | EXF | Mutual Fund - Series |
300
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Extended Equity Market Index Fund | XMX | Mutual
Fund - Series |
| | T. Rowe
Price Mid-Cap Index Fund | MCX | Mutual
Fund - Series |
| | T. Rowe
Price Small-Cap Index Fund | SCX | Mutual
Fund - Series |
| | T. Rowe
Price U.S. Limited Duration TIPS Index Fund | LDX | Mutual
Fund - Series |
| | T. Rowe
Price Total Equity Market Index Fund | TMX | Mutual
Fund - Series |
T. Rowe Price Inflation Protected Bond Fund, Inc. | IPB | Mutual Fund - Parent |
T.
Rowe Price Institutional Income Funds, Inc. | IINCF | Mutual
Fund - Parent |
| | T. Rowe
Price Institutional Cash Reserves Fund | ICM | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Floating Rate Fund | IFR | Mutual
Fund - Series |
| | T. Rowe
Price Institutional High Yield Fund | HYI | Mutual
Fund - Series |
| | T. Rowe
Price Institutional Long Duration Credit Fund | LDC | Mutual
Fund - Series |
T. Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | ITF | Mutual Fund - Parent |
T.
Rowe Price International Funds, Inc. | PIF | Mutual
Fund - Parent |
| | T. Rowe
Price Africa & Middle East Fund | AME | Mutual
Fund - Series |
| | T. Rowe
Price Asia Opportunities Fund | AOF | Mutual
Fund - Series |
| | T. Rowe
Price China Evolution Equity Fund | CEE | Mutual
Fund - Series |
| | T. Rowe
Price Dynamic Credit Fund | DCF | Mutual
Fund - Series |
| | T. Rowe
Price Dynamic Global Bond Fund | GUN | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Europe Fund | EEM | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Bond Fund | EMB | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Corporate Bond Fund | EMC | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Discovery Stock Fund | EMV | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Currency Bond Fund | EML | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Stock Fund | EMS | Mutual
Fund - Series |
| | T.
Rowe Price European Stock Fund | ESF | Mutual Fund - Series |
301
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Global Consumer Fund | GCF | Mutual
Fund - Series |
| | T. Rowe
Price Global Growth Stock Fund | GLE | Mutual
Fund - Series |
| | T. Rowe
Price Global High Income Bond Fund | GHI | Mutual
Fund - Series |
| | T. Rowe
Price Global Impact Equity Fund | GPF | Mutual
Fund - Series |
| | T. Rowe
Price Global Industrials Fund | IND | Mutual
Fund - Series |
| | T. Rowe
Price Global Stock Fund | GLS | Mutual
Fund - Series |
| | T. Rowe
Price International Bond Fund | IBF | Mutual
Fund - Series |
| | T. Rowe
Price International Bond Fund (USD Hedged) | IBH | Mutual
Fund - Series |
| | T. Rowe
Price International Disciplined Equity Fund | ICN | Mutual
Fund - Series |
| | T. Rowe
Price International Discovery Fund | IDF | Mutual
Fund - Series |
| | T. Rowe
Price International Stock Fund | ISF | Mutual
Fund - Series |
| | T. Rowe
Price International Value Equity Fund | IGI | Mutual
Fund - Series |
| | T. Rowe
Price Japan Fund | JAF | Mutual
Fund - Series |
| | T. Rowe
Price Latin America Fund | LAM | Mutual
Fund - Series |
| | T. Rowe
Price New Asia Fund | NAS | Mutual
Fund - Series |
| | T. Rowe
Price Overseas Stock Fund | OSF | Mutual
Fund - Series |
T. Rowe Price International Index Fund, Inc. | IIXF | Mutual
Fund - Parent |
| | T. Rowe
Price International Equity Index Fund | IXF | Mutual
Fund - Series |
T. Rowe Price International Series, Inc. | INS | Mutual
Fund - Parent |
| | T. Rowe
Price International Stock Portfolio | ISP | Mutual
Fund - Series |
T. Rowe Price Limited Duration Inflation Focused Bond Fund,
Inc. | STI | Mutual
Fund - Parent |
T. Rowe Price Mid-Cap Growth Fund, Inc. | MCG | Mutual
Fund - Parent |
T. Rowe Price Mid-Cap Value Fund, Inc. | MCV | Mutual
Fund - Parent |
T.
Rowe Price Multi-Sector Account Portfolios, Inc. | MAPS | Mutual Fund - Parent |
302
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Emerging Markets Corporate Multi-Sector Account Portfolio | EBS | Mutual
Fund - Series |
| | T. Rowe
Price Emerging Markets Local Multi-Sector Account Portfolio | ELS | Mutual
Fund - Series |
| | T. Rowe
Price Floating Rate Multi-Sector Account Portfolio | FRS | Mutual
Fund - Series |
| | T. Rowe
Price High Yield Multi-Sector Account Portfolio | HYS | Mutual
Fund - Series |
| | T. Rowe
Price Investment-Grade Corporate Multi-Sector Account Portfolio | IGS | Mutual
Fund - Series |
| | T. Rowe
Price Mortgage-Backed Securities Multi-Sector Account Portfolio | MBS | Mutual
Fund - Series |
T. Rowe Price Multi-Strategy Total Return Fund, Inc. | MSR | Mutual Fund - Parent |
T.
Rowe Price New America Growth Fund, Inc. | NAG | Mutual
Fund - Parent |
T. Rowe Price New Era Fund, Inc. | NEF | Mutual
Fund - Parent |
T. Rowe Price New Horizons Fund, Inc. | NHF | Mutual
Fund - Parent |
T. Rowe Price New Income Fund, Inc. | NIF | Mutual
Fund - Parent |
T. Rowe Price QM U.S. Bond Index Fund, Inc. | UBX | Mutual
Fund - Parent |
T. Rowe Price Quantitative Management Funds, Inc. | QUANT | Mutual
Fund - Parent |
| | T. Rowe
Price QM Global Equity Fund | QGE | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Small-Cap Growth Equity Fund | DSG | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Small & Mid-Cap Core Equity Fund | QSM | Mutual
Fund - Series |
| | T. Rowe
Price QM U.S. Value Equity Fund | QMV | Mutual
Fund - Series |
T. Rowe Price Real Assets Fund, Inc. | RAF | Mutual
Fund - Parent |
T. Rowe Price Real Estate Fund, Inc. | REF | Mutual
Fund - Parent |
T. Rowe Price Reserve Investment Funds, Inc. | RESFDS | Mutual
Fund - Parent |
| | T. Rowe
Price Government Reserve Fund | RES | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Government Fund | GRI | Mutual
Fund - Series |
| | T. Rowe
Price Short-Term Fund | REI | Mutual
Fund - Series |
| | T.
Rowe Price Transition Fund | TNF | Mutual Fund - Series |
303
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Treasury Reserve Fund | GRS | Mutual
Fund - Series |
T. Rowe Price Science & Technology Fund, Inc. | STF | Mutual Fund - Parent |
T.
Rowe Price Short-Term Bond Fund, Inc. | STB | Mutual
Fund - Parent |
| | T. Rowe
Price Short Duration Income Fund | SDI | Mutual
Fund - Series |
| | T. Rowe
Price Ultra Short-Term Bond Fund | SBF | Mutual
Fund - Series |
T. Rowe Price Small-Cap Stock Fund, Inc. | SCS | Mutual
Fund - Parent |
T. Rowe Price Small-Cap Value Fund, Inc. | SCV | Mutual
Fund - Parent |
T. Rowe Price Spectrum Funds II, Inc. | PER | Mutual
Fund - Parent |
| | T. Rowe
Price Spectrum Conservative Allocation Fund | PSI | Mutual
Fund - Series |
| | T. Rowe
Price Spectrum Moderate Allocation Fund | PSB | Mutual
Fund - Series |
| | T. Rowe
Price Spectrum Moderate Growth Allocation Fund | PSG | Mutual
Fund - Series |
T. Rowe Price State Tax-Free Funds, Inc. | STT | Mutual
Fund - Parent |
| | T. Rowe
Price California Tax-Free Bond Fund | CAB | Mutual
Fund - Series |
| | T. Rowe
Price California Tax-Free Money Fund | CAM | Mutual
Fund - Series |
| | T. Rowe
Price Georgia Tax-Free Bond Fund | GAB | Mutual
Fund - Series |
| | T. Rowe
Price Maryland Short-Term Tax-Free Bond Fund | MDS | Mutual
Fund - Series |
| | T. Rowe
Price Maryland Tax-Free Bond Fund | MDB | Mutual
Fund - Series |
| | T. Rowe
Price Maryland Tax-Free Money Fund | MDM | Mutual
Fund - Series |
| | T. Rowe
Price New Jersey Tax-Free Bond Fund | NJB | Mutual
Fund - Series |
| | T. Rowe
Price New York Tax-Free Bond Fund | NYB | Mutual
Fund - Series |
| | T. Rowe
Price New York Tax-Free Money Fund | NYM | Mutual
Fund - Series |
| | T. Rowe
Price Virginia Tax-Free Bond Fund | VAB | Mutual
Fund - Series |
T. Rowe Price Summit Funds, Inc. | SIF | Mutual
Fund - Parent |
| | T. Rowe
Price Cash Reserves Fund | SCR | Mutual
Fund - Series |
T.
Rowe Price Summit Municipal Funds, Inc. | SMF | Mutual Fund - Parent |
304
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Summit Municipal Income Fund | SMI | Mutual
Fund - Series |
| | T. Rowe
Price Summit Municipal Intermediate Fund | SMT | Mutual
Fund - Series |
T. Rowe Price Tax-Efficient Funds, Inc. | TEF | Mutual
Fund - Parent |
| | T. Rowe
Price Tax-Efficient Equity Fund | TMC | Mutual
Fund - Series |
T. Rowe Price Tax-Exempt Money Fund, Inc. | TEM | Mutual
Fund - Parent |
T. Rowe Price Tax-Free High Yield Fund, Inc. | TFH | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Income Fund, Inc. | TFI | Mutual
Fund - Parent |
T. Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS | Mutual Fund - Parent |
T.
Rowe Price Total Return Fund, Inc. | TTF | Mutual
Fund - Parent |
T. Rowe Price U.S. Equity Research Fund, Inc. | COF | Mutual
Fund - Parent |
T. Rowe Price U.S. Large-Cap Core Fund, Inc. | LCF | Mutual
Fund - Parent |
T. Rowe Price U.S. Treasury Funds, Inc. | USTF | Mutual
Fund - Parent |
| | T. Rowe
Price U.S. Treasury Intermediate Index Fund | USI | Mutual
Fund - Series |
| | T. Rowe
Price U.S. Treasury Long-Term Index Fund | USL | Mutual
Fund - Series |
| | T. Rowe
Price U.S. Treasury Money Fund | UST | Mutual
Fund - Series |
T. Rowe Price Value Fund, Inc. | VAL | Mutual
Fund - Parent |
'40
Act Registered Fund of Funds |
T. Rowe Price Retirement Funds, Inc. | RDF | Mutual Fund - Parent |
| | T. Rowe Price Retirement 2005 Fund | RPJ | Mutual Fund - Series |
| | T. Rowe Price Retirement 2010 Fund | RPA | Mutual Fund - Series |
| | T. Rowe Price Retirement 2015 Fund | RPG | Mutual Fund - Series |
| | T. Rowe Price Retirement 2020 Fund | RPB | Mutual Fund - Series |
| | T.
Rowe Price Retirement 2025 Fund | RPH | Mutual Fund - Series |
305
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Retirement 2030 Fund | RPC | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2035 Fund | RPI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2040 Fund | RPD | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2045 Fund | RPK | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2050 Fund | RPL | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2055 Fund | RPM | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2060 Fund | RPN | Mutual
Fund - Series |
| | T. Rowe
Price Retirement 2065 Fund | RPO | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced Fund | RPE | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2005 Fund | RBA | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2010 Fund | RBB | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2015 Fund | RBC | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2020 Fund | RBD | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2025 Fund | RBE | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2030 Fund | RBG | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2035 Fund | RBH | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2040 Fund | RBJ | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2045 Fund | RBK | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2050 Fund | RBL | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2055 Fund | RBM | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2060 Fund | RBN | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Blend 2065 Fund | RBO | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Income 2020 Fund | RIB | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2005 Fund—I Class | RBI | Mutual
Fund - Series |
| | T.
Rowe Price Retirement I 2010 Fund—I Class | RCI | Mutual Fund - Series |
306
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
| | T.
Rowe Price Retirement I 2015 Fund—I Class | RDI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2020 Fund—I Class | RFI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2025 Fund—I Class | RGI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2030 Fund—I Class | RHI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2035 Fund—I Class | RII | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2040 Fund—I Class | RJI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2045 Fund—I Class | RKI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2050 Fund—I Class | RMI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2055 Fund—I Class | RNI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2060 Fund—I Class | ROI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement I 2065 Fund—I Class | RRI | Mutual
Fund - Series |
| | T. Rowe
Price Retirement Balanced I Fund—I Class | RQI | Mutual
Fund - Series |
| | T. Rowe
Price Target 2005 Fund | TRA | Mutual
Fund - Series |
| | T. Rowe
Price Target 2010 Fund | TRB | Mutual
Fund - Series |
| | T. Rowe
Price Target 2015 Fund | TRC | Mutual
Fund - Series |
| | T. Rowe
Price Target 2020 Fund | TRD | Mutual
Fund - Series |
| | T. Rowe
Price Target 2025 Fund | TRE | Mutual
Fund - Series |
| | T. Rowe
Price Target 2030 Fund | TRG | Mutual
Fund - Series |
| | T. Rowe
Price Target 2035 Fund | TRH | Mutual
Fund - Series |
| | T. Rowe
Price Target 2040 Fund | TRJ | Mutual
Fund - Series |
| | T. Rowe
Price Target 2045 Fund | TRL | Mutual
Fund - Series |
| | T. Rowe
Price Target 2050 Fund | TRM | Mutual
Fund - Series |
| | T. Rowe
Price Target 2055 Fund | TRN | Mutual
Fund - Series |
| | T. Rowe
Price Target 2060 Fund | TRO | Mutual
Fund - Series |
| | T.
Rowe Price Target 2065 Fund | TRQ | Mutual Fund - Series |
307
| | | | |
Mutual
Fund Entity Name | Reference
ID | Entity Type |
T. Rowe Price Spectrum Fund, Inc. | SPC | Mutual Fund - Parent |
| | T. Rowe Price Spectrum Diversified Equity Fund | SPG | Mutual Fund - Series |
| | T. Rowe Price Spectrum Income Fund | SPI | Mutual Fund - Series |
| | T.
Rowe Price Spectrum International Equity Fund | SPF | Mutual Fund - Series |
308
AMENDMENT
NO. 23
TO
Fund Accounting Agreement
This Amendment No. 23
(this “Amendment”) is made and entered into effective as of September 1, 2021 by and between
each Fund listed on amended Exhibit A (each a “Fund” or collectively the “Funds”),
attached hereto as attachment A, T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation having its principal
office located at 100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”) and THE BANK
OF NEW YORK MELLON, a bank organized under the Laws of the State of New York, having its principal office
located at 240 Greenwich Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS,
each Fund, TRP, and BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015
(the “Fund Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire
to amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise defined herein shall
have the meanings ascribed thereto in the Fund Accounting Agreement.
2.
AMENDED
EXHIBIT A
Exhibit A to the Fund Accounting Agreement is hereby amended
by removing T. Rowe Price Growth & Income Fund, Inc.; by removing T. Rowe Price Institutional Cash
Reserves Fund as a Mutual Fund – Series of the T. Rowe Price Institutional Income Funds, Inc.;
by
309
removing T. Rowe Price Short-Term Government Fund as a Mutual Fund – Series
of the T. Rowe Price Reserve Investment Funds, Inc.; by removing T. Rowe Price California Tax-Free Money
Fund and T. Rowe Price New York Tax-Free Money Fund, each as a Mutual Fund – Series of the T. Rowe
Price State Tax-Free Funds, Inc.; by changing the name of T. Rowe Price New America Growth Portfolio,
a Mutual Fund – Series of the T. Rowe Price Equity Series, Inc. to T. Rowe Price All-Cap Opportunities
Portfolio; and by changing the name of T. Rowe Price New America Growth Fund, Inc., to T. Rowe Price
All-Cap Opportunities Fund, Inc.
3.
EFFECT
ON FUND ACCOUNTING AGREEMENT
In the event of any inconsistency between
the terms of this Amendment and the Fund Accounting Agreement, the terms of this Amendment shall be controlling.
Except as specifically and only to the extent modified by this Amendment, all of the terms and provisions
of the Fund Accounting Agreement shall continue to remain in full force and effect.
4. GOVERNING LAW
The
laws of the State of New York and the federal laws of the United States applicable therein shall govern,
construe, and enforce all of the rights, duties, and obligations arising out of or related in any manner
to, the subject matter of this Amendment, notwithstanding any conflict of laws principles.
5. COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts, each of which shall
be deemed an original, but all of which taken together shall constitute one single agreement between
the Parties.
310
This Amendment may also be executed and delivered by facsimile or email with confirmation
of delivery and/or receipt.
[Signature page follows.]
311
IN WITNESS WHEREOF, each Fund, TRP, and BNY Mellon have executed
or caused this Amendment to be executed as of the date and year first above written by its duly authorized
representative.
| |
THE
BANK OF NEW YORK MELLON |
By: /s/Scott Russell |
Name: Scott Russell |
Title:
Vice President |
Date: September 8, 2021 |
| |
T. ROWE PRICE ASSOCIATES,
INC. |
By: /s/David Oestreicher |
Name: David Oestreicher |
Title: Vice President |
Date:
September 1, 2021 |
| |
On behalf of each Fund listed in Amended Exhibit
A |
By:
/s/Fran Pollack-Matz |
Name: Fran Pollack-Matz |
Title:
Vice President |
Date: September 1, 2021 |
312
ATTACHMENT A
Amended Exhibit A
| | | | | |
Mutual Fund Entity Name | Reference ID | Eagle
Fund Code | Entity Type |
‘40 Act Registered Funds | | | |
T. Rowe Price All-Cap Opportunities Fund, Inc. | NAG | 7018 | Mutual
Fund - Parent |
T. Rowe Price Balanced Fund, Inc. | BAL | 7047 | Mutual Fund - Parent |
T.
Rowe Price Blue Chip Growth Fund, Inc. | BCG | 70A6 | Mutual Fund - Parent |
T.
Rowe Price Capital Appreciation Fund, Inc. | CAF | 7025 | Mutual Fund - Parent |
T.
Rowe Price Communications & Technology Fund, Inc. | MTF | 70A9 | Mutual Fund - Parent |
T.
Rowe Price Corporate Income Fund, Inc. | CIF | 70E6 | Mutual Fund - Parent |
T.
Rowe Price Credit Opportunities Fund, Inc. | CRO | 70E9 | Mutual Fund - Parent |
T.
Rowe Price Diversified Mid-Cap Growth Fund, Inc. | DMG | 70Q7 | Mutual Fund - Parent |
T.
Rowe Price Dividend Growth Fund, Inc. | DGF | 7081 | Mutual Fund - Parent |
T.
Rowe Price Equity Funds, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Institutional Large-Cap Core Growth
Fund | LCC | 70N7 | Mutual
Fund - Series |
| | T. Rowe Price
Large-Cap Growth Fund | LCG | 70K2 | Mutual
Fund - Series |
| | T. Rowe Price
Large-Cap Value Fund | LCV | 70H6 | Mutual
Fund - Series |
| | T. Rowe Price
Institutional Mid-Cap Equity Growth Fund | MCE | 70F5 | Mutual Fund - Series |
| | T. Rowe Price Institutional Small-Cap Stock Fund | SCI | 70H5 | Mutual
Fund - Series |
T. Rowe Price Equity Income Fund, Inc. | EIF | 7019 | Mutual Fund - Parent |
T.
Rowe Price Equity Series, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price All-Cap Opportunities Portfolio | NAP | 70D2 | Mutual
Fund - Series |
| | T. Rowe Price
Blue Chip Growth Portfolio | BCP | 70J6 | Mutual
Fund - Series |
| | T. Rowe Price
Equity Income Portfolio | EIP | 70D1 | Mutual
Fund - Series |
| | T. Rowe Price
Equity Index 500 Portfolio | EXP | 70J7 | Mutual
Fund - Series |
| | T. Rowe Price
Health Sciences Portfolio | HSP | 70J5 | Mutual
Fund - Series |
| | T. Rowe Price
Mid-Cap Growth Portfolio | MGP | 70F9 | Mutual
Fund - Series |
| | T. Rowe Price
Moderate Allocation Portfolio | PSP | 70E0 | Mutual Fund - Series |
T.
Rowe Price Financial Services Fund, Inc. | FSF | 70F7 | Mutual Fund - Parent |
T.
Rowe Price Fixed Income Series, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Government Money Portfolio | PRP | 70F8 | Mutual
Fund - Series |
| | T. Rowe Price
Limited-Term Bond Portfolio | LTP | 70D4 | Mutual
Fund - Series |
T. Rowe Price Floating Rate Fund, Inc. | FRI | 70BE | Mutual Fund - Parent |
313
| | | | | |
Mutual Fund Entity Name | Reference ID | Eagle
Fund Code | Entity Type |
T. Rowe Price Global Allocation Fund, Inc. | GAF | 70DX | Mutual Fund
- Parent |
T. Rowe Price
Global Funds, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Institutional Emerging Markets Bond Fund | IEB | 70V0 | Mutual
Fund - Series |
| | T. Rowe Price
Institutional Emerging Markets Equity Fund | IEM | 70N6 | Mutual Fund - Series |
| | T. Rowe Price Global Value Equity Fund | IGV | 70DF | Mutual
Fund - Series |
| | T. Rowe Price
Institutional International Disciplined Equity Fund | ICE | 70AQ | Mutual Fund - Series |
T.
Rowe Price Global Multi-Sector Bond Fund, Inc. | SNF | 70AF | Mutual Fund - Parent |
T.
Rowe Price Global Real Estate Fund, Inc. | GRE | 70AD | Mutual Fund - Parent |
T.
Rowe Price Global Technology Fund, Inc. | GTF | 70I2 | Mutual Fund - Parent |
T.
Rowe Price GNMA Fund, Inc. | GMA | 7020 | Mutual
Fund - Parent |
T. Rowe Price Government Money
Fund, Inc. | PRF | 7005 | Mutual
Fund - Parent |
T. Rowe Price Growth Stock Fund, Inc. | GSF | 7004 | Mutual Fund - Parent |
T.
Rowe Price Health Sciences Fund, Inc. | HSF | 70F1 | Mutual Fund - Parent |
T.
Rowe Price High Yield Fund, Inc. | HYF | 7016 | Mutual Fund - Parent |
| | T. Rowe Price U.S. High Yield Fund | UHY | 70KA | Mutual
Fund - Series |
T. Rowe Price Index Trust, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
Equity Index 500 Fund | EXF | 7041 | Mutual
Fund - Series |
| | T. Rowe Price
Extended Equity Market Index Fund | XMX | 70G8 | Mutual Fund - Series |
| | T. Rowe Price Mid-Cap Index Fund | MCX | 70HE | Mutual
Fund - Series |
| | T. Rowe Price
Small-Cap Index Fund | SCX | 70HF | Mutual
Fund - Series |
| | T. Rowe Price
U.S. Limited Duration TIPS Index Fund | LDX | 70NZ | Mutual Fund - Series |
| | T. Rowe Price Total Equity Market Index Fund | TMX | 70G9 | Mutual
Fund - Series |
T. Rowe Price Inflation Protected Bond Fund, Inc. | IPB | 70N5 | Mutual
Fund - Parent |
T. Rowe Price Institutional Income Funds, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
Institutional Floating Rate Fund | IFR | 70W0 | Mutual Fund - Series |
| | T. Rowe Price Institutional High Yield Fund | HYI | 70J2 | Mutual
Fund - Series |
| | T. Rowe Price
Institutional Long Duration Credit Fund | LDC | 70DW | Mutual Fund - Series |
T.
Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | ITF | 70FM | Mutual Fund - Parent |
T.
Rowe Price International Funds, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Africa & Middle East Fund | AME | 70V6 | Mutual
Fund - Series |
| | T. Rowe Price
Asia Opportunities Fund | AOF | 70FB | Mutual
Fund - Series |
| | T. Rowe Price
China Evolution Equity Fund | CEE | 70LY | Mutual
Fund - Series |
| | T. Rowe Price
Dynamic Credit Fund | DCF | 70LD | Mutual
Fund - Series |
314
| | | | | |
Mutual Fund Entity Name | Reference ID | Eagle
Fund Code | Entity Type |
| | T. Rowe Price Dynamic Global Bond Fund | GUN | 70GB | Mutual Fund - Series |
| | T. Rowe Price Emerging Europe Fund | EEM | 70I1 | Mutual
Fund - Series |
| | T.
Rowe Price Emerging Markets Bond Fund | EMB | 70E3 | Mutual Fund
- Series |
| | T.
Rowe Price Emerging Markets Corporate Bond Fund | EMC | 70DB | Mutual Fund - Series |
| | T. Rowe Price Emerging Markets Discovery Stock Fund | EMV | 70FY | Mutual
Fund - Series |
| | T. Rowe Price
Emerging Markets Local Currency Bond Fund | EML | 70BA | Mutual Fund - Series |
| | T. Rowe Price Emerging Markets Stock Fund | EMS | 70E4 | Mutual
Fund - Series |
| | T. Rowe Price
European Stock Fund | ESF | 7040 | Mutual
Fund - Series |
| | T. Rowe Price
Global Consumer Fund | GCF | 70HQ | Mutual
Fund - Series |
| | T. Rowe Price
Global Growth Stock Fund | GLE | 70AE | Mutual
Fund - Series |
| | T. Rowe Price
Global High Income Bond Fund | GHI | 70GD | Mutual
Fund - Series |
| | T. Rowe Price
Global Impact Equity Fund | GPF | 70PR | Mutual
Fund - Series |
| | T. Rowe Price
Global Industrials Fund | IND | 70E7 | Mutual
Fund - Series |
| | T. Rowe Price
Global Stock Fund | GLS | 70F2 | Mutual
Fund - Series |
| | T. Rowe Price
International Bond Fund | IBF | 7022 | Mutual
Fund - Series |
| | T. Rowe Price
International Bond Fund (USD Hedged) | IBH | 70JB | Mutual Fund - Series |
| | T. Rowe Price International Disciplined Equity
Fund | ICN | 70FN | Mutual
Fund - Series |
| | T. Rowe Price
International Discovery Fund | IDF | 7033 | Mutual
Fund - Series |
| | T. Rowe Price
International Stock Fund | ISF | 7007 | Mutual
Fund - Series |
| | T. Rowe Price
International Value Equity Fund | IGI | 70H1 | Mutual Fund - Series |
| | T. Rowe Price Japan Fund | JAF | 7000 | Mutual Fund - Series |
| | T. Rowe Price Latin America Fund | LAM | 70C5 | Mutual
Fund - Series |
| | T. Rowe Price
New Asia Fund | NAS | 7045 | Mutual
Fund - Series |
| | T. Rowe Price
Overseas Stock Fund | OSF | 70V1 | Mutual
Fund - Series |
T. Rowe Price International Index Fund, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
International Equity Index Fund | IXF | 70J3 | Mutual Fund - Series |
T.
Rowe Price International Series, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price International Stock Portfolio | ISP | 70C9 | Mutual
Fund - Series |
T. Rowe Price Limited Duration Inflation Focused Bond Fund,
Inc. | STI | 70U8 | Mutual
Fund - Parent |
T. Rowe Price Mid-Cap Growth Fund, Inc. | MCG | 7057 | Mutual Fund - Parent |
T.
Rowe Price Mid-Cap Value Fund, Inc. | MCV | 70F3 | Mutual Fund - Parent |
T.
Rowe Price Multi-Sector Account Portfolios, Inc. | | | Mutual Fund
- Parent |
315
| | | | | |
Mutual Fund Entity Name | Reference ID | Eagle
Fund Code | Entity Type |
| | T. Rowe Price Emerging Markets Corporate Multi-Sector Account
Portfolio | EBS | 70AX | Mutual
Fund - Series |
| | T.
Rowe Price Emerging Markets Local Multi-Sector Account Portfolio | ELS | 70AW | Mutual Fund
- Series |
| | T.
Rowe Price Floating Rate Multi-Sector Account Portfolio | FRS | 70AV | Mutual Fund - Series |
| | T. Rowe Price High Yield Multi-Sector Account Portfolio | HYS | 70AY | Mutual
Fund - Series |
| | T. Rowe Price
Investment-Grade Corporate Multi-Sector Account Portfolio | IGS | 70AU | Mutual Fund - Series |
| | T. Rowe Price Mortgage-Backed Securities Multi-Sector
Account Portfolio | MBS | 70DA | Mutual
Fund - Series |
T. Rowe Price Multi-Strategy Total Return Fund, Inc. | MSR | 70JD | Mutual
Fund - Parent |
T. Rowe Price New Era Fund, Inc. | NEF | 7002 | Mutual Fund - Parent |
T.
Rowe Price New Horizons Fund, Inc. | NHF | 7001 | Mutual Fund - Parent |
T.
Rowe Price New Income Fund, Inc. | NIF | 7003 | Mutual Fund - Parent |
T.
Rowe Price QM U.S. Bond Index Fund, Inc. | UBX | 70J1 | Mutual Fund - Parent |
T.
Rowe Price Quantitative Management Funds, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
QM Global Equity Fund | QGE | 70HM | Mutual
Fund - Series |
| | T. Rowe Price
QM U.S. Small-Cap Growth Equity Fund | DSG | 70G4 | Mutual Fund - Series |
| | T. Rowe Price QM U.S. Small & Mid-Cap Core
Equity Fund | QSM | 70HL | Mutual
Fund - Series |
| | T. Rowe Price
QM U.S. Value Equity Fund | QMV | 70HJ | Mutual
Fund - Series |
T. Rowe Price Real Assets Fund, Inc. | RAF | 70AP | Mutual Fund - Parent |
T.
Rowe Price Real Estate Fund, Inc. | REF | 70G7 | Mutual Fund - Parent |
T.
Rowe Price Reserve Investment Funds, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Government Reserve Fund | RES | 70G5 | Mutual
Fund - Series |
| | T. Rowe Price
Short-Term Fund | REI | 70CW | Mutual
Fund - Series |
| | T. Rowe Price
Transition Fund | TNF | 70PQ | Mutual
Fund - Series |
| | T. Rowe Price
Treasury Reserve Fund | GRS | 70G6 | Mutual
Fund - Series |
T. Rowe Price Science & Technology Fund, Inc. | STF | 7030 | Mutual
Fund - Parent |
T. Rowe Price Short-Term Bond Fund, Inc. | STB | 7013 | Mutual Fund - Parent |
| | T. Rowe Price Short Duration Income Fund | SDI | 70NP | Mutual
Fund - Series |
| | T. Rowe Price
Ultra Short-Term Bond Fund | SBF | 70DH | Mutual
Fund - Series |
T. Rowe Price Small-Cap Stock Fund, Inc. | SCS | 7031 | Mutual Fund - Parent |
T.
Rowe Price Small-Cap Value Fund, Inc. | SCV | 7032 | Mutual Fund - Parent |
T.
Rowe Price Spectrum Funds II, Inc. | | | Mutual Fund - Parent |
316
| | | | | |
Mutual Fund Entity Name | Reference ID | Eagle
Fund Code | Entity Type |
| | T. Rowe Price Spectrum Conservative Allocation Fund | PSI | 70D6 | Mutual
Fund - Series |
| | T. Rowe Price
Spectrum Moderate Allocation Fund | PSB | 70D7 | Mutual Fund - Series |
| | T.
Rowe Price Spectrum Moderate Growth Allocation Fund | PSG | 70D8 | Mutual Fund
- Series |
T. Rowe Price
State Tax-Free Funds, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price California Tax-Free Bond Fund | CAB | 7026 | Mutual Fund - Series |
| | T. Rowe Price Georgia Tax-Free Bond Fund | GAB | 7093 | Mutual
Fund - Series |
| | T. Rowe Price
Maryland Short-Term Tax-Free Bond Fund | MDS | 7079 | Mutual Fund - Series |
| | T. Rowe Price Maryland Tax-Free Bond Fund | MDB | 7029 | Mutual
Fund - Series |
| | T. Rowe Price
Maryland Tax-Free Money Fund | MDM | 70K0 | Mutual
Fund - Series |
| | T. Rowe Price
New Jersey Tax-Free Bond Fund | NJB | 7048 | Mutual Fund - Series |
| | T. Rowe Price New York Tax-Free Bond Fund | NYB | 7023 | Mutual
Fund - Series |
| | T. Rowe Price
Virginia Tax-Free Bond Fund | VAB | 7049 | Mutual
Fund - Series |
T. Rowe Price Summit Funds, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
Cash Reserves Fund | SCR | 70B5 | Mutual
Fund - Series |
T. Rowe Price Summit Municipal Funds, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
Summit Municipal Income Fund | SMI | 70B9 | Mutual
Fund - Series |
| | T. Rowe Price
Summit Municipal Intermediate Fund | SMT | 70B8 | Mutual Fund - Series |
T.
Rowe Price Tax-Efficient Funds, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Tax-Efficient Equity Fund | TMC | 70J4 | Mutual
Fund - Series |
T. Rowe Price Tax-Exempt Money Fund, Inc. | TEM | 7008 | Mutual Fund - Parent |
T.
Rowe Price Tax-Free High Yield Fund, Inc. | TFH | 7017 | Mutual Fund - Parent |
T.
Rowe Price Tax-Free Income Fund, Inc. | TFI | 7006 | Mutual Fund - Parent |
T.
Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS | 7012 | Mutual Fund - Parent |
T.
Rowe Price Total Return Fund, Inc. | TTF | 70HU | Mutual Fund - Parent |
T.
Rowe Price U.S. Equity Research Fund, Inc. | COF | 70E1 | Mutual Fund - Parent |
T.
Rowe Price U.S. Large-Cap Core Fund, Inc. | LCF | 70AH | Mutual Fund - Parent |
T.
Rowe Price U.S. Treasury Funds, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price U.S. Treasury Intermediate Index
Fund | USI | 7036 | Mutual
Fund - Series |
| | T. Rowe Price
U.S. Treasury Long-Term Index Fund | USL | 7037 | Mutual Fund - Series |
317
| | | | | | | | | |
Mutual Fund Entity Name | Reference ID | Eagle Fund Code | Entity Type |
| | T. Rowe Price U.S. Treasury Money Fund | UST | 7009 | Mutual Fund
- Series |
T. Rowe Price Value Fund, Inc. | VAL | 70D9 | Mutual Fund
- Parent |
| | | | | | | |
'40 Act Registered Fund
of Funds | | | |
T.
Rowe Price Retirement Funds, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
Retirement 2005 Fund | RPJ | 70Q8 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2010 Fund | RPA | 70K4 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2015 Fund | RPG | 70Q9 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2020 Fund | RPB | 70K5 | Mutual Fund
- Series |
| | T.
Rowe Price Retirement 2025 Fund | RPH | 70R0 | Mutual Fund
- Series |
| | T.
Rowe Price Retirement 2030 Fund | RPC | 70K6 | Mutual Fund - Series |
| | T. Rowe Price Retirement 2035 Fund | RPI | 70R1 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2040 Fund | RPD | 70K7 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2045 Fund | RPK | 70R9 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2050 Fund | RPL | 70V2 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2055 Fund | RPM | 70V3 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2060 Fund | RPN | 70FH | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2065 Fund | RPO | 70NR | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Balanced Fund | RPE | 70K9 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2005 Fund | RFA | 70PA | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2010 Fund | RFB | 70PB | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2015 Fund | RFC | 70PD | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2020 Fund | RFD | 70PE | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2025 Fund | RFE | 70PF | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2030 Fund | RFF | 70PG | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2035 Fund | RFG | 70PH | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2040 Fund | RFH | 70PI | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2045 Fund | RFJ | 70PJ | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2050 Fund | RFK | 70PL | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2055 Fund | RFM | 70PM | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2060 Fund | RFN | 70PN | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2065 Fund | RFO | 70PO | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Income 2020 Fund | RIB | 70HZ | Mutual Fund
- Series |
| | T. Rowe Price
Retirement I 2005 Fund—I Class | RBI | 70GM | Mutual Fund
- Series |
| | T. Rowe Price
Retirement I 2010 Fund—I Class | RCI | 70GN | Mutual Fund
- Series |
| | T. Rowe Price
Retirement I 2015 Fund—I Class | RDI | 70GO | Mutual Fund
- Series |
| | T. Rowe Price
Retirement I 2020 Fund—I Class | RFI | 70GP | Mutual Fund
- Series |
318
| | | | | |
Mutual Fund Entity Name | Reference ID | Eagle
Fund Code | Entity Type |
| | T. Rowe Price Retirement I 2025 Fund—I Class | RGI | 70GQ | Mutual
Fund - Series |
| | T. Rowe Price
Retirement I 2030 Fund—I Class | RHI | 70GR | Mutual Fund - Series |
| | T. Rowe Price Retirement I 2035 Fund—I
Class | RII | 70GS | Mutual
Fund - Series |
| | T. Rowe Price
Retirement I 2040 Fund—I Class | RJI | 70GU | Mutual Fund - Series |
| | T. Rowe Price Retirement I 2045 Fund—I
Class | RKI | 70GV | Mutual
Fund - Series |
| | T. Rowe Price
Retirement I 2050 Fund—I Class | RMI | 70GW | Mutual Fund - Series |
| | T. Rowe Price Retirement I 2055 Fund—I
Class | RNI | 70GX | Mutual
Fund - Series |
| | T. Rowe Price
Retirement I 2060 Fund—I Class | ROI | 70GY | Mutual Fund - Series |
| | T. Rowe Price Retirement I 2065 Fund—I
Class | RRI | 70NS | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Balanced I Fund—I Class | RQI | 70GZ | Mutual Fund - Series |
| | T. Rowe Price Target 2005 Fund | TRA | 70EA | Mutual Fund - Series |
| | T.
Rowe Price Target 2010 Fund | TRB | 70EB | Mutual Fund - Series |
| | T. Rowe Price Target 2015 Fund | TRC | 70ED | Mutual Fund - Series |
| | T. Rowe Price Target 2020 Fund | TRD | 70EF | Mutual Fund - Series |
| | T. Rowe Price Target 2025 Fund | TRE | 70EG | Mutual Fund - Series |
| | T. Rowe Price Target 2030 Fund | TRG | 70EH | Mutual Fund - Series |
| | T. Rowe Price Target 2035 Fund | TRH | 70EI | Mutual Fund - Series |
| | T. Rowe Price Target 2040 Fund | TRJ | 70EJ | Mutual Fund - Series |
| | T. Rowe Price Target 2045 Fund | TRL | 70EL | Mutual Fund - Series |
| | T. Rowe Price Target 2050 Fund | TRM | 70EM | Mutual Fund - Series |
| | T. Rowe Price Target 2055 Fund | TRN | 70EN | Mutual Fund - Series |
| | T. Rowe Price Target 2060 Fund | TRO | 70FI | Mutual Fund - Series |
| | T. Rowe Price Target 2065 Fund | TRQ | 70NU | Mutual Fund - Series |
T.
Rowe Price Spectrum Fund, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Spectrum Diversified Equity Fund | SPG | 7043 | Mutual
Fund - Series |
| | T. Rowe Price
Spectrum Income Fund | SPI | 7044 | Mutual
Fund - Series |
| | T.
Rowe Price Spectrum International Equity Fund | SPF | 70G1 | Mutual Fund
- Series |
319
AMENDMENT
NO. 24
TO
Fund Accounting Agreement
This Amendment No. 24
(this “Amendment”) dated June 23, 2022 by and between each Fund listed on Exhibit A (each
a “Fund” or collectively the “Funds”) to the Fund Accounting Agreement (as defined
below), T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation having its principal office located at
100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”) and THE BANK OF NEW YORK MELLON, a
bank organized under the Laws of the State of New York, having its principal office located at 240 Greenwich
Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS, each Fund, TRP, and
BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015 (the “Fund
Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire
to amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise defined herein shall
have the meanings ascribed thereto in the Fund Accounting Agreement.
2. SERVICE LEVEL DESCRIPTION
The Fund Accounting Agreement is hereby amended by deleting the Service Level
Description attached thereto and replacing it in its
320
entirety with the new Service Level Description attached hereto as Attachment
A.
3. NAV ERROR POLICY
The
Fund Accounting Agreement is hereby amended by deleting Schedule II (NAV Error Policy) attached thereto
and replacing it in its entirety with the new Schedule II (NAV Error Policy) attached hereto as Attachment
B.
4. EFFECT ON FUND ACCOUNTING AGREEMENT
In the event of any inconsistency between the terms of this Amendment and the
Fund Accounting Agreement, the terms of this Amendment shall be controlling. Except as specifically
and only to the extent modified by this Amendment, all of the terms and provisions of the Fund Accounting
Agreement shall continue to remain in full force and effect.
5.
GOVERNING
LAW
The laws of the State of New York and the federal laws of
the United States applicable therein shall govern, construe, and enforce all of the rights, duties, and
obligations arising out of or related in any manner to, the subject matter of this Amendment, notwithstanding
any conflict of laws principles.
6. COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts, each of which shall
be deemed an original, but all of which taken together shall constitute one single agreement between
the Parties. This Amendment may also be executed and delivered by facsimile or email with confirmation
of delivery and/or receipt.
321
[Signature
page follows.]
322
IN WITNESS WHEREOF, each Fund, TRP, and BNY Mellon have executed
or caused this Amendment to be executed as of the date and year first above written by its duly authorized
representative.
| |
THE
BANK OF NEW YORK MELLON |
By: /s/Scott Russell |
Name: Scott Russell |
Title:
Vice President |
Date: June 30, 2022 |
| |
T. ROWE PRICE ASSOCIATES,
INC. |
By: /s/David Oestreicher |
Name: David Oestreicher |
Title: Vice President |
Date:
June 30, 2022 |
| |
On behalf of each Fund listed in Amended Exhibit
A |
By:
/s/Fran Pollack-Matz |
Name: Fran Pollack-Matz |
Title:
Vice President |
Date: June 30, 2022 |
323
AMENDMENT
NO. 25
TO
Fund Accounting Agreement
This corrected Amendment
No. 25 (this “Amendment”) dated August 31, 2022 by and between each Fund listed on Exhibit
A (each a “Fund” or collectively the “Funds”) to the Fund Accounting Agreement
(as defined below), T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation having its principal office
located at 100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”) and THE BANK OF NEW YORK
MELLON, a bank organized under the Laws of the State of New York, having its principal office located
at 240 Greenwich Street, New York, New York 10286 (“BNY Mellon”). This Amendment corrects,
supersedes and replaces, ab initio, that certain other Amendment No. 25 to
the Fund Accounting Agreement which other Amendment No. 25 is dated, and was executed on, August 31,
2022.
WHEREAS,
each Fund, TRP, and BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015
(the “Fund Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire
to amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise defined herein shall
have the meanings ascribed thereto in the Fund Accounting Agreement.
324
2. SCHEDULE OF SERVICES
The Fund Accounting Agreement is hereby amended by deleting Schedule I (Schedule
of Services) attached thereto and replacing it in its entirety with the new Schedule I (Schedule of Services)
attached hereto as Attachment A.
3. COMPENSATION
The Fund Accounting Agreement is hereby amended by deleting Schedule IV (Compensation)
attached thereto and replacing it in its entirety with the new Schedule IV (Compensation) attached hereto
as Attachment B.
4. SERVICE LEVEL DESCRIPTION
The Fund Accounting Agreement is hereby amended by deleting the Service Level
Description attached thereto and replacing it in its entirety with the new Service Level Description
attached hereto as Attachment C.
5. EFFECT ON FUND ACCOUNTING
AGREEMENT
In the event of any inconsistency between the terms of this
Amendment and the Fund Accounting Agreement, the terms of this Amendment shall be controlling. Except
as specifically and only to the extent modified by this Amendment, all of the terms and provisions of
the Fund Accounting Agreement shall continue to remain in full force and effect.
6.
GOVERNING
LAW
The laws of the State of New York and the federal laws of
the United States applicable therein shall govern, construe, and enforce all of the rights, duties, and
obligations arising out of or related in any manner to,
325
the subject matter of this Amendment, notwithstanding any conflict of laws principles.
7. COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts, each of which shall
be deemed an original, but all of which taken together shall constitute one single agreement between
the Parties. This Amendment may also be executed and delivered by facsimile or email with confirmation
of delivery and/or receipt.
[Signature page follows.]
326
IN WITNESS WHEREOF, each Fund, TRP, and BNY Mellon have executed
or caused this Amendment to be executed as of the date and year first above written by its duly authorized
representative.
| |
THE
BANK OF NEW YORK MELLON |
By: /s/Michael Green |
Name: Michael Green |
Title:
Global Relationship Manager |
Date: November 29, 2022 |
| |
T. ROWE PRICE ASSOCIATES,
INC. |
By: /s/David Oestreicher |
Name: David Oestreicher |
Title: Vice President |
Date:
November 28, 2022 |
| |
On behalf of each Fund listed in Amended Exhibit
A |
By:
/s/Fran Pollack-Matz |
Name: Fran Pollack-Matz |
Title:
Vice President |
Date: November 28, 2022 |
327
AMENDMENT
NO. 26
TO
Fund Accounting Agreement
This Amendment No. 26
(this “Amendment”) dated November 16, 2022 by and between each Fund listed on Exhibit A (each
a “Fund” or collectively the “Funds”) to the Fund Accounting Agreement (as defined
below), T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation having its principal office located at
100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”) and THE BANK OF NEW YORK MELLON, a
bank organized under the Laws of the State of New York, having its principal office located at 240 Greenwich
Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS, each Fund, TRP, and
BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015 (the “Fund
Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire
to amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise defined herein shall
have the meanings ascribed thereto in the Fund Accounting Agreement.
328
2. COMPENSATION
The
Fund Accounting Agreement is hereby amended by deleting Schedule IV (Compensation) attached thereto and
replacing it in its entirety with the new Schedule IV (Compensation) attached hereto as Attachment A.
3. EFFECT ON FUND ACCOUNTING AGREEMENT
In the event of any inconsistency between the terms of this Amendment and the
Fund Accounting Agreement, the terms of this Amendment shall be controlling. Except as specifically
and only to the extent modified by this Amendment, all of the terms and provisions of the Fund Accounting
Agreement shall continue to remain in full force and effect.
4.
GOVERNING
LAW
The laws of the State of New York and the federal laws of
the United States applicable therein shall govern, construe, and enforce all of the rights, duties, and
obligations arising out of or related in any manner to, the subject matter of this Amendment, notwithstanding
any conflict of laws principles.
5. COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts, each of which shall
be deemed an original, but all of which taken together shall constitute one single agreement between
the Parties. This Amendment may also be executed and delivered by facsimile or email with confirmation
of delivery and/or receipt.
[Signature page follows.]
329
IN WITNESS WHEREOF, each Fund, TRP, and BNY Mellon have executed
or caused this Amendment to be executed as of the date and year first above written by its duly authorized
representative.
| |
THE
BANK OF NEW YORK MELLON |
By: /s/Michael Green |
Name: Michael Green |
Title:
Global Relationship Manager |
Date: November 29, 2022 |
| |
T. ROWE PRICE ASSOCIATES,
INC. |
By: /s/David Oestreicher |
Name: David Oestreicher |
Title: Vice President |
Date:
November 28, 2022 |
| |
On behalf of each Fund listed in Amended Exhibit
A |
By:
/s/Fran Pollack-Matz |
Name: Fran Pollack-Matz |
Title:
Vice President |
Date: November 28, 2022 |
330
AMENDMENT
NO. 27
TO
Fund Accounting Agreement
This Amendment No. 27
(this “Amendment”) dated May 15, 2023 by and between each Fund listed on Exhibit A (each
a “Fund” or collectively the “Funds”) to the Fund Accounting Agreement (as defined
below), T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation having its principal office located at
100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”) and THE BANK OF NEW YORK MELLON, a
bank organized under the Laws of the State of New York, having its principal office located at 240 Greenwich
Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS, each Fund, TRP, and
BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015 (the “Fund
Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire
to amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise defined herein shall
have the meanings ascribed thereto in the Fund Accounting Agreement.
2. COMPENSATION
The Fund Accounting
Agreement is hereby amended by deleting Schedule IV (Compensation) attached thereto and replacing it
in its
331
entirety with the new Schedule IV (Compensation) attached hereto as Attachment
A.
3. SERVICE
LEVEL DESCRIPTION
The Fund Accounting Agreement is hereby amended by deleting
Attachment C (Service Level Description) attached thereto and replacing it in its entirety with the new
Attachment C (Service Level Description) attached hereto as Attachment C.
4. EFFECT ON FUND ACCOUNTING AGREEMENT
In
the event of any inconsistency between the terms of this Amendment and the Fund Accounting Agreement,
the terms of this Amendment shall be controlling. Except as specifically and only to the extent modified
by this Amendment, all of the terms and provisions of the Fund Accounting Agreement shall continue to
remain in full force and effect.
5. GOVERNING
LAW
The laws of the State of New York and the federal laws of
the United States applicable therein shall govern, construe, and enforce all of the rights, duties, and
obligations arising out of or related in any manner to, the subject matter of this Amendment, notwithstanding
any conflict of laws principles.
6. COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts, each of which shall
be deemed an original, but all of which taken together shall constitute one single agreement between
the Parties.
332
This Amendment may also be executed and delivered by facsimile or email with confirmation
of delivery and/or receipt.
[Signature page follows.]
333
IN WITNESS WHEREOF, each Fund, TRP, and BNY Mellon have executed
or caused this Amendment to be executed as of the date and year first above written by its duly authorized
representative.
| |
THE
BANK OF NEW YORK MELLON |
By: /s/Michael Green |
Name: Michael Green |
Title: Managing Director, Asset Servicing |
Date: May 10, 2023 |
| |
T. ROWE PRICE ASSOCIATES,
INC. |
By: /s/David Oestreicher |
Name: David Oestreicher |
Title: General Counsel |
Date: May 9, 2023 |
| |
On behalf of each Fund
listed in Amended Exhibit A By: /s/Fran Pollack-Matz |
Name: Fran Pollack-Matz |
Title: Secretary and Vice President |
Date: May 9, 2023 |
334
AMENDMENT
NO. 28
TO
Fund Accounting Agreement
This Amendment No. 28
(this “Amendment”) dated July 5, 2023, by and between each Fund listed on Exhibit A (each
a “Fund” or collectively the “Funds”) to the Fund Accounting Agreement (as defined
below), T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation having its principal office located at
100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”) and THE BANK OF NEW YORK MELLON, a
bank organized under the Laws of the State of New York, having its principal office located at 240 Greenwich
Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS, each Fund, TRP, and
BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015 (the “Fund
Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire
to amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
1. DEFINITIONS
Capitalized terms used in this Amendment and not otherwise defined herein shall
have the meanings ascribed thereto in the Fund Accounting Agreement.
335
2. AMENDED EXHIBIT A
Exhibit
A to the Fund Accounting Agreement is hereby amended by deleting Exhibit A attached thereto and replacing
it in its entirety with the new Exhibit A attached hereto as Attachment A.
3.
EFFECT
ON FUND ACCOUNTING AGREEMENT
In the event of any inconsistency between
the terms of this Amendment and the Fund Accounting Agreement, the terms of this Amendment shall be controlling.
Except as specifically and only to the extent modified by this Amendment, all of the terms and provisions
of the Fund Accounting Agreement shall continue to remain in full force and effect.
4.
GOVERNING
LAW
The laws of the State of New York and the federal laws of
the United States applicable therein shall govern, construe, and enforce all of the rights, duties, and
obligations arising out of or related in any manner to, the subject matter of this Amendment, notwithstanding
any conflict of laws principles.
5. COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts, each of which shall
be deemed an original, but all of which taken together shall constitute one single agreement between
the Parties. This Amendment may also be executed and delivered by facsimile or email with confirmation
of delivery and/or receipt.
[Signature page follows.]
336
IN WITNESS WHEREOF, each Fund, TRP, and BNY Mellon have executed
or caused this Amendment to be executed as of the date and year first above written by its duly authorized
representative.
| |
THE
BANK OF NEW YORK MELLON |
By: /s/Michael Green |
Name: Michael Green |
Title:
Managing Director |
Date: July 5, 2023 |
| |
T. ROWE PRICE ASSOCIATES,
INC. |
By: /s/Laura Chasney |
Name: Laura Chasney |
Title: Vice President |
Date:
July 5, 2023 |
| |
On behalf of each Fund listed in Amended Exhibit
A |
By:
/s/Fran Pollack-Matz |
Name: Fran Pollack-Matz |
Title:
Vice President |
Date: July 5, 2023 |
337
ATTACHMENT A
Amended Exhibit A
| | | | | |
Mutual Fund Entity Name | Reference ID | Eagle
Fund Code | Entity Type |
‘40 Act Registered Funds | | | |
T. Rowe Price All-Cap Opportunities Fund, Inc. | NAG | 7018 | Mutual
Fund - Parent |
T. Rowe Price Balanced Fund, Inc. | BAL | 7047 | Mutual Fund - Parent |
T.
Rowe Price Blue Chip Growth Fund, Inc. | BCG | 70A6 | Mutual Fund - Parent |
T.
Rowe Price Capital Appreciation Fund, Inc. | CAF | 7025 | Mutual Fund - Parent |
T.
Rowe Price Communications & Technology Fund, Inc. | MTF | 70A9 | Mutual Fund - Parent |
T.
Rowe Price Corporate Income Fund, Inc. | CIF | 70E6 | Mutual Fund - Parent |
T.
Rowe Price Credit Opportunities Fund, Inc. | CRO | 70E9 | Mutual Fund - Parent |
T.
Rowe Price Diversified Mid-Cap Growth Fund, Inc. | DMG | 70Q7 | Mutual Fund - Parent |
T.
Rowe Price Dividend Growth Fund, Inc. | DGF | 7081 | Mutual Fund - Parent |
T.
Rowe Price Equity Funds, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Hedged Equity Fund | HEF | 70QB | Mutual
Fund - Series |
| | T. Rowe Price
Institutional Large-Cap Core Growth Fund | LCC | 70N7 | Mutual Fund - Series |
| | T. Rowe Price Large-Cap Growth Fund | LCG | 70K2 | Mutual
Fund - Series |
| | T. Rowe Price
Large-Cap Value Fund | LCV | 70H6 | Mutual
Fund - Series |
| | T. Rowe Price
Institutional Mid-Cap Equity Growth Fund | MCE | 70F5 | Mutual Fund - Series |
| | T. Rowe Price Institutional Small-Cap Stock Fund | SCI | 70H5 | Mutual
Fund - Series |
T. Rowe Price Equity Income Fund, Inc. | EIF | 7019 | Mutual Fund - Parent |
T.
Rowe Price Equity Series, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price All-Cap Opportunities Portfolio | NAP | 70D2 | Mutual
Fund - Series |
| | T. Rowe Price
Blue Chip Growth Portfolio | BCP | 70J6 | Mutual
Fund - Series |
| | T. Rowe Price
Equity Income Portfolio | EIP | 70D1 | Mutual
Fund - Series |
| | T. Rowe Price
Equity Index 500 Portfolio | EXP | 70J7 | Mutual
Fund - Series |
| | T. Rowe Price
Health Sciences Portfolio | HSP | 70J5 | Mutual
Fund - Series |
| | T. Rowe Price
Mid-Cap Growth Portfolio | MGP | 70F9 | Mutual
Fund - Series |
| | T. Rowe Price
Moderate Allocation Portfolio | PSP | 70E0 | Mutual Fund - Series |
T.
Rowe Price Financial Services Fund, Inc. | FSF | 70F7 | Mutual Fund - Parent |
T.
Rowe Price Fixed Income Series, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Limited-Term Bond Portfolio | LTP | 70D4 | Mutual
Fund - Series |
T. Rowe Price Floating Rate Fund, Inc. | FRI | 70BE | Mutual Fund - Parent |
338
| | | | | |
Mutual Fund Entity Name | Reference ID | Eagle
Fund Code | Entity Type |
T. Rowe Price Global Allocation Fund, Inc. | GAF | 70DX | Mutual Fund
- Parent |
T. Rowe Price
Global Funds, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Institutional Emerging Markets Bond Fund | IEB | 70V0 | Mutual
Fund - Series |
| | T. Rowe Price
Institutional Emerging Markets Equity Fund | IEM | 70N6 | Mutual Fund - Series |
| | T. Rowe Price Global Value Equity Fund | IGV | 70DF | Mutual
Fund - Series |
| | T. Rowe Price
Institutional International Disciplined Equity Fund | ICE | 70AQ | Mutual Fund - Series |
T.
Rowe Price Global Multi-Sector Bond Fund, Inc. | SNF | 70AF | Mutual Fund - Parent |
T.
Rowe Price Global Real Estate Fund, Inc. | GRE | 70AD | Mutual Fund - Parent |
T.
Rowe Price Global Technology Fund, Inc. | GTF | 70I2 | Mutual Fund - Parent |
T.
Rowe Price GNMA Fund, Inc. | GMA | 7020 | Mutual
Fund - Parent |
T. Rowe Price Government Money
Fund, Inc. | PRF | 7005 | Mutual
Fund - Parent |
T. Rowe Price Growth Stock Fund, Inc. | GSF | 7004 | Mutual Fund - Parent |
T.
Rowe Price Health Sciences Fund, Inc. | HSF | 70F1 | Mutual Fund - Parent |
T.
Rowe Price High Yield Fund, Inc. | HYF | 7016 | Mutual Fund - Parent |
| | T. Rowe Price U.S. High Yield Fund | UHY | 70KA | Mutual
Fund - Series |
T. Rowe Price Index Trust, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
Equity Index 500 Fund | EXF | 7041 | Mutual
Fund - Series |
| | T. Rowe Price
Extended Equity Market Index Fund | XMX | 70G8 | Mutual Fund - Series |
| | T. Rowe Price Mid-Cap Index Fund | MCX | 70HE | Mutual
Fund - Series |
| | T. Rowe Price
Small-Cap Index Fund | SCX | 70HF | Mutual
Fund - Series |
| | T. Rowe Price
U.S. Limited Duration TIPS Index Fund | LDX | 70NZ | Mutual Fund - Series |
| | T. Rowe Price Total Equity Market Index Fund | TMX | 70G9 | Mutual
Fund - Series |
T. Rowe Price Inflation Protected Bond Fund, Inc. | IPB | 70N5 | Mutual
Fund - Parent |
T. Rowe Price Institutional Income Funds, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
Institutional Floating Rate Fund | IFR | 70W0 | Mutual Fund - Series |
| | T. Rowe Price Institutional High Yield Fund | HYI | 70J2 | Mutual
Fund - Series |
| | T. Rowe Price
Institutional Long Duration Credit Fund | LDC | 70DW | Mutual Fund - Series |
T.
Rowe Price Integrated Equity Funds, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Integrated Global Equity Fund | QGE | 70HM | Mutual
Fund - Series |
| | T. Rowe Price
Integrated U.S. Small-Cap Growth Equity Fund | DSG | 70G4 | Mutual Fund - Series |
| | T. Rowe Price Integrated U.S. Small-Mid Cap Core
Equity Fund | QSM | 70HL | Mutual
Fund - Series |
339
| | | | | |
Mutual Fund Entity Name | Reference ID | Eagle
Fund Code | Entity Type |
| | T. Rowe Price Integrated U.S. Large-Cap Value Equity Fund | QMV | 70HJ | Mutual
Fund - Series |
T. Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | ITF | 70FM | Mutual
Fund - Parent |
T. Rowe Price International Funds, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
Africa & Middle East Fund | AME | 70V6 | Mutual Fund - Series |
| | T. Rowe Price Asia Opportunities Fund | AOF | 70FB | Mutual
Fund - Series |
| | T. Rowe Price
China Evolution Equity Fund | CEE | 70LY | Mutual
Fund - Series |
| | T. Rowe Price
Dynamic Credit Fund | DCF | 70LD | Mutual
Fund - Series |
| | T. Rowe Price
Dynamic Global Bond Fund | GUN | 70GB | Mutual
Fund - Series |
| | T. Rowe Price
Emerging Europe Fund | EEM | 70I1 | Mutual
Fund - Series |
| | T.
Rowe Price Emerging Markets Bond Fund | EMB | 70E3 | Mutual Fund
- Series |
| | T.
Rowe Price Emerging Markets Corporate Bond Fund | EMC | 70DB | Mutual Fund - Series |
| | T. Rowe Price Emerging Markets Discovery Stock Fund | EMV | 70FY | Mutual
Fund - Series |
| | T. Rowe Price
Emerging Markets Local Currency Bond Fund | EML | 70BA | Mutual Fund - Series |
| | T. Rowe Price Emerging Markets Stock Fund | EMS | 70E4 | Mutual
Fund - Series |
| | T. Rowe Price
European Stock Fund | ESF | 7040 | Mutual
Fund - Series |
| | T. Rowe Price
Global Consumer Fund | GCF | 70HQ | Mutual
Fund - Series |
| | T. Rowe Price
Global Growth Stock Fund | GLE | 70AE | Mutual
Fund - Series |
| | T. Rowe Price
Global High Income Bond Fund | GHI | 70GD | Mutual
Fund - Series |
| | T. Rowe Price
Global Impact Equity Fund | GPF | 70PR | Mutual
Fund - Series |
| | T. Rowe Price
Global Industrials Fund | IND | 70E7 | Mutual
Fund - Series |
| | T. Rowe Price
Global Stock Fund | GLS | 70F2 | Mutual
Fund - Series |
| | T. Rowe Price
International Bond Fund | IBF | 7022 | Mutual
Fund - Series |
| | T. Rowe Price
International Bond Fund (USD Hedged) | IBH | 70JB | Mutual Fund - Series |
| | T. Rowe Price International Disciplined Equity
Fund | ICN | 70FN | Mutual
Fund - Series |
| | T. Rowe Price
International Discovery Fund | IDF | 7033 | Mutual
Fund - Series |
| | T. Rowe Price
International Stock Fund | ISF | 7007 | Mutual
Fund - Series |
| | T. Rowe Price
International Value Equity Fund | IGI | 70H1 | Mutual Fund - Series |
| | T. Rowe Price Japan Fund | JAF | 7000 | Mutual Fund - Series |
| | T. Rowe Price Latin America Fund | LAM | 70C5 | Mutual
Fund - Series |
| | T. Rowe Price
New Asia Fund | NAS | 7045 | Mutual
Fund - Series |
| | T. Rowe Price
Overseas Stock Fund | OSF | 70V1 | Mutual
Fund - Series |
T. Rowe Price International Index Fund, Inc. | | | Mutual Fund
- Parent |
340
| | | | | |
Mutual Fund Entity Name | Reference ID | Eagle
Fund Code | Entity Type |
| | T. Rowe Price International Equity Index Fund | IXF | 70J3 | Mutual Fund - Series |
T.
Rowe Price International Series, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price International Stock Portfolio | ISP | 70C9 | Mutual
Fund - Series |
T. Rowe Price Limited Duration Inflation Focused Bond Fund,
Inc. | STI | 70U8 | Mutual
Fund - Parent |
T. Rowe Price Mid-Cap Growth Fund, Inc. | MCG | 7057 | Mutual Fund - Parent |
T.
Rowe Price Mid-Cap Value Fund, Inc. | MCV | 70F3 | Mutual Fund - Parent |
T.
Rowe Price Multi-Sector Account Portfolios, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
Emerging Markets Corporate Multi-Sector Account Portfolio | EBS | 70AX | Mutual Fund - Series |
| | T.
Rowe Price Emerging Markets Local Multi-Sector Account Portfolio | ELS | 70AW | Mutual Fund
- Series |
| | T.
Rowe Price Floating Rate Multi-Sector Account Portfolio | FRS | 70AV | Mutual Fund - Series |
| | T. Rowe Price High Yield Multi-Sector Account Portfolio | HYS | 70AY | Mutual
Fund - Series |
| | T. Rowe Price
Investment-Grade Corporate Multi-Sector Account Portfolio | IGS | 70AU | Mutual Fund - Series |
| | T. Rowe Price Mortgage-Backed Securities Multi-Sector
Account Portfolio | MBS | 70DA | Mutual
Fund - Series |
T. Rowe Price Multi-Strategy Total Return Fund, Inc. | MSR | 70JD | Mutual
Fund - Parent |
T. Rowe Price New Era Fund, Inc. | NEF | 7002 | Mutual Fund - Parent |
T.
Rowe Price New Horizons Fund, Inc. | NHF | 7001 | Mutual Fund - Parent |
T.
Rowe Price New Income Fund, Inc. | NIF | 7003 | Mutual Fund - Parent |
T.
Rowe Price QM U.S. Bond Index Fund, Inc. | UBX | 70J1 | Mutual Fund - Parent |
T.
Rowe Price Real Assets Fund, Inc. | RAF | 70AP | Mutual Fund - Parent |
T.
Rowe Price Real Estate Fund, Inc. | REF | 70G7 | Mutual Fund - Parent |
T.
Rowe Price Reserve Investment Funds, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Government Reserve Fund | RES | 70G5 | Mutual
Fund - Series |
| | T. Rowe Price
Short-Term Fund | REI | 70CW | Mutual
Fund - Series |
| | T. Rowe Price
Transition Fund | TNF | 70PQ | Mutual
Fund - Series |
| | T. Rowe Price
Treasury Reserve Fund | GRS | 70G6 | Mutual
Fund - Series |
T. Rowe Price Science & Technology Fund, Inc. | STF | 7030 | Mutual
Fund - Parent |
T. Rowe Price Short-Term Bond Fund, Inc. | STB | 7013 | Mutual Fund - Parent |
| | T. Rowe Price Short Duration Income Fund | SDI | 70NP | Mutual
Fund - Series |
| | T. Rowe Price
Ultra Short-Term Bond Fund | SBF | 70DH | Mutual
Fund - Series |
T. Rowe Price Small-Cap Stock Fund, Inc. | SCS | 7031 | Mutual Fund - Parent |
T.
Rowe Price Small-Cap Value Fund, Inc. | SCV | 7032 | Mutual Fund - Parent |
341
| | | | | |
Mutual Fund Entity Name | Reference ID | Eagle
Fund Code | Entity Type |
T. Rowe Price Spectrum Funds
II, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Spectrum Conservative Allocation Fund | PSI | 70D6 | Mutual
Fund - Series |
| | T. Rowe Price
Spectrum Moderate Allocation Fund | PSB | 70D7 | Mutual Fund - Series |
| | T.
Rowe Price Spectrum Moderate Growth Allocation Fund | PSG | 70D8 | Mutual Fund
- Series |
T. Rowe Price
State Tax-Free Funds, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price California Tax-Free Bond Fund | CAB | 7026 | Mutual Fund - Series |
| | T. Rowe Price Georgia Tax-Free Bond Fund | GAB | 7093 | Mutual
Fund - Series |
| | T. Rowe Price
Maryland Short-Term Tax-Free Bond Fund | MDS | 7079 | Mutual Fund - Series |
| | T. Rowe Price Maryland Tax-Free Bond Fund | MDB | 7029 | Mutual
Fund - Series |
| | T. Rowe Price
Maryland Tax-Free Money Fund | MDM | 70K0 | Mutual
Fund - Series |
| | T. Rowe Price
New Jersey Tax-Free Bond Fund | NJB | 7048 | Mutual Fund - Series |
| | T. Rowe Price New York Tax-Free Bond Fund | NYB | 7023 | Mutual
Fund - Series |
| | T. Rowe Price
Virginia Tax-Free Bond Fund | VAB | 7049 | Mutual
Fund - Series |
T. Rowe Price Summit Funds, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
Cash Reserves Fund | SCR | 70B5 | Mutual
Fund - Series |
T. Rowe Price Summit Municipal Funds, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
Summit Municipal Income Fund | SMI | 70B9 | Mutual
Fund - Series |
| | T. Rowe Price
Summit Municipal Intermediate Fund | SMT | 70B8 | Mutual Fund - Series |
T.
Rowe Price Tax-Efficient Funds, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Tax-Efficient Equity Fund | TMC | 70J4 | Mutual
Fund - Series |
T. Rowe Price Tax-Exempt Money Fund, Inc. | TEM | 7008 | Mutual Fund - Parent |
T.
Rowe Price Tax-Free High Yield Fund, Inc. | TFH | 7017 | Mutual Fund - Parent |
T.
Rowe Price Tax-Free Income Fund, Inc. | TFI | 7006 | Mutual Fund - Parent |
T.
Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS | 7012 | Mutual Fund - Parent |
T.
Rowe Price Total Return Fund, Inc. | TTF | 70HU | Mutual Fund - Parent |
T.
Rowe Price U.S. Equity Research Fund, Inc. | COF | 70E1 | Mutual Fund - Parent |
T.
Rowe Price U.S. Large-Cap Core Fund, Inc. | LCF | 70AH | Mutual Fund - Parent |
T.
Rowe Price U.S. Treasury Funds, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price U.S. Treasury Intermediate Index
Fund | USI | 7036 | Mutual
Fund - Series |
| | T. Rowe Price
U.S. Treasury Long-Term | USL | 7037 | Mutual
Fund - Series |
342
| | | | | | | | | |
Mutual Fund Entity Name | Reference ID | Eagle Fund Code | Entity Type |
| | Index Fund | | | |
| | T. Rowe Price
U.S. Treasury Money Fund | UST | 7009 | Mutual Fund
- Series |
T. Rowe Price Value Fund, Inc. | VAL | 70D9 | Mutual Fund
- Parent |
| | | | | | | |
'40 Act Registered Fund
of Funds | | | |
T.
Rowe Price Retirement Funds, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
Retirement 2005 Fund | RPJ | 70Q8 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2010 Fund | RPA | 70K4 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2015 Fund | RPG | 70Q9 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2020 Fund | RPB | 70K5 | Mutual Fund
- Series |
| | T.
Rowe Price Retirement 2025 Fund | RPH | 70R0 | Mutual Fund
- Series |
| | T.
Rowe Price Retirement 2030 Fund | RPC | 70K6 | Mutual Fund - Series |
| | T. Rowe Price Retirement 2035 Fund | RPI | 70R1 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2040 Fund | RPD | 70K7 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2045 Fund | RPK | 70R9 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2050 Fund | RPL | 70V2 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2055 Fund | RPM | 70V3 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2060 Fund | RPN | 70FH | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2065 Fund | RPO | 70NR | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Balanced Fund | RPE | 70K9 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2005 Fund | RFA | 70PA | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2010 Fund | RFB | 70PB | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2015 Fund | RFC | 70PD | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2020 Fund | RFD | 70PE | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2025 Fund | RFE | 70PF | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2030 Fund | RFF | 70PG | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2035 Fund | RFG | 70PH | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2040 Fund | RFH | 70PI | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2045 Fund | RFJ | 70PJ | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2050 Fund | RFK | 70PL | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2055 Fund | RFM | 70PM | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2060 Fund | RFN | 70PN | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Blend 2065 Fund | RFO | 70PO | Mutual Fund
- Series |
| | T. Rowe Price
Retirement Income 2020 Fund | RIB | 70HZ | Mutual Fund
- Series |
| | T. Rowe Price
Retirement I 2005 Fund—I Class | RBI | 70GM | Mutual Fund
- Series |
| | T. Rowe Price
Retirement I 2010 Fund—I Class | RCI | 70GN | Mutual Fund
- Series |
| | T. Rowe Price
Retirement I 2015 Fund—I Class | RDI | 70GO | Mutual Fund
- Series |
| | T. Rowe Price
Retirement I 2020 Fund—I | RFI | 70GP | Mutual Fund
- Series |
343
| | | | | |
Mutual Fund Entity Name | Reference ID | Eagle
Fund Code | Entity Type |
| | Class | | | |
| | T. Rowe Price Retirement I 2025 Fund—I
Class | RGI | 70GQ | Mutual
Fund - Series |
| | T. Rowe Price
Retirement I 2030 Fund—I Class | RHI | 70GR | Mutual Fund - Series |
| | T. Rowe Price Retirement I 2035 Fund—I
Class | RII | 70GS | Mutual
Fund - Series |
| | T. Rowe Price
Retirement I 2040 Fund—I Class | RJI | 70GU | Mutual Fund - Series |
| | T. Rowe Price Retirement I 2045 Fund—I
Class | RKI | 70GV | Mutual
Fund - Series |
| | T. Rowe Price
Retirement I 2050 Fund—I Class | RMI | 70GW | Mutual Fund - Series |
| | T. Rowe Price Retirement I 2055 Fund—I
Class | RNI | 70GX | Mutual
Fund - Series |
| | T. Rowe Price
Retirement I 2060 Fund—I Class | ROI | 70GY | Mutual Fund - Series |
| | T. Rowe Price Retirement I 2065 Fund—I
Class | RRI | 70NS | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Balanced I Fund—I Class | RQI | 70GZ | Mutual Fund - Series |
| | T. Rowe Price Target 2005 Fund | TRA | 70EA | Mutual Fund - Series |
| | T.
Rowe Price Target 2010 Fund | TRB | 70EB | Mutual Fund - Series |
| | T. Rowe Price Target 2015 Fund | TRC | 70ED | Mutual Fund - Series |
| | T. Rowe Price Target 2020 Fund | TRD | 70EF | Mutual Fund - Series |
| | T. Rowe Price Target 2025 Fund | TRE | 70EG | Mutual Fund - Series |
| | T. Rowe Price Target 2030 Fund | TRG | 70EH | Mutual Fund - Series |
| | T. Rowe Price Target 2035 Fund | TRH | 70EI | Mutual Fund - Series |
| | T. Rowe Price Target 2040 Fund | TRJ | 70EJ | Mutual Fund - Series |
| | T. Rowe Price Target 2045 Fund | TRL | 70EL | Mutual Fund - Series |
| | T. Rowe Price Target 2050 Fund | TRM | 70EM | Mutual Fund - Series |
| | T. Rowe Price Target 2055 Fund | TRN | 70EN | Mutual Fund - Series |
| | T. Rowe Price Target 2060 Fund | TRO | 70FI | Mutual Fund - Series |
| | T. Rowe Price Target 2065 Fund | TRQ | 70NU | Mutual Fund - Series |
T.
Rowe Price Spectrum Fund, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Spectrum Diversified Equity Fund | SPG | 7043 | Mutual
Fund - Series |
| | T. Rowe Price
Spectrum Income Fund | SPI | 7044 | Mutual
Fund - Series |
| | T.
Rowe Price Spectrum International Equity Fund | SPF | 70G1 | Mutual Fund
- Series |
344
345
AMENDMENT
NO. 29
TO
Fund Accounting Agreement
This Amendment No. 29
(this “Amendment”) dated September 1, 2023 by and between each Fund listed on Exhibit A (each
a “Fund” or collectively the “Funds”) to the Fund Accounting Agreement (as defined
below), T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation having its principal office located at
100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”) and THE BANK OF NEW YORK MELLON, a
bank organized under the Laws of the State of New York, having its principal office located at 240 Greenwich
Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS, each Fund, TRP, and
BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015 (the “Fund
Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire
to amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
(a) DEFINITIONS
Capitalized terms used in this Amendment and not otherwise defined herein shall
have the meanings ascribed thereto in the Fund Accounting Agreement.
(b) AMENDED
EXHIBIT A
346
Exhibit A to the Fund Accounting Agreement is hereby amended by deleting Exhibit
A attached thereto and replacing it in its entirety with the new Exhibit A attached hereto as Attachment
A.
(c) SCHEDULE OF SERVICES
The Fund Accounting Agreement is hereby amended by deleting Schedule I (Schedule
of Services) attached thereto and replacing it in its entirety with the new Schedule I (Schedule of Services)
attached hereto as Attachment B.
(d) COMPENSATION
The Fund Accounting Agreement is hereby amended by deleting Schedule IV (Compensation)
attached thereto and replacing it in its entirety with the new Schedule IV (Compensation) attached hereto
as Attachment C.
(e) SERVICE
LEVEL DESCRIPTION
The Fund Accounting Agreement is hereby amended by deleting
the Service Level Description attached thereto and replacing it in its entirety with the new Service
Level Description attached hereto as Attachment D.
(f) EFFECT
ON FUND ACCOUNTING AGREEMENT
In the event of any inconsistency between
the terms of this Amendment and the Fund Accounting Agreement, the terms of this Amendment shall be controlling.
Except as specifically and only to the extent modified by this Amendment, all of the terms and provisions
of the Fund Accounting Agreement shall continue to remain in full force and effect.
347
(g) GOVERNING LAW
The laws of the State of New York and the federal laws of the United States applicable
therein shall govern, construe, and enforce all of the rights, duties, and obligations arising out of
or related in any manner to, the subject matter of this Amendment, notwithstanding any conflict of laws
principles.
(h) COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts, each of which shall
be deemed an original, but all of which taken together shall constitute one single agreement between
the Parties. This Amendment may also be executed and delivered by facsimile or email with confirmation
of delivery and/or receipt.
IN WITNESS WHEREOF, each Fund, TRP, and
BNY Mellon have executed or caused this Amendment to be executed as of the date and year first above
written by its duly authorized representative.
| |
THE BANK OF NEW YORK MELLON |
By: /s/ Michael Green |
Name: Michael Green |
Title: Managing Director |
Date:
September 5, 2023 |
348
| |
T.
ROWE PRICE ASSOCIATES, INC. |
By: /s/ David Oestreicher |
Name: David Oestreicher |
Title: General Counsel |
Date:
September 5, 2023 |
| |
On behalf of each Fund listed in Amended Exhibit
A |
By:
/s/Fran Pollack-Matz |
Name: Fran Pollack-Matz |
Title:
Vice President and Secretary of the Funds |
Date:
|
349
ATTACHMENT A
Amended Exhibit A
| | | | | |
Mutual Fund Entity Name | Reference ID | Fund Code | Entity
Type |
‘40
Act Registered Funds | | | |
T.
Rowe Price All-Cap Opportunities Fund, Inc.* | NAG | 7018 | Mutual Fund - Parent |
T.
Rowe Price Balanced Fund, Inc.* | BAL | 7047 | Mutual Fund - Parent |
T.
Rowe Price Blue Chip Growth Fund, Inc.* | BCG | 70A6 | Mutual Fund - Parent |
T.
Rowe Price Capital Appreciation Fund, Inc.* | CAF | 7025 | Mutual Fund - Parent |
T.
Rowe Price Communications & Technology Fund, Inc.* | MTF | 70A9 | Mutual Fund - Parent |
T.
Rowe Price Corporate Income Fund, Inc. | CIF | 70E6 | Mutual Fund - Parent |
T.
Rowe Price Credit Opportunities Fund, Inc. | CRO | 70E9 | Mutual Fund - Parent |
T.
Rowe Price Diversified Mid-Cap Growth Fund, Inc.* | DMG | 70Q7 | Mutual Fund - Parent |
T.
Rowe Price Dividend Growth Fund, Inc.* | DGF | 7081 | Mutual Fund - Parent |
T.
Rowe Price Equity Funds, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Hedged Equity Fund | HEF | 70QB | Mutual
Fund - Series |
| | T. Rowe Price
Institutional Large-Cap Core Growth Fund* | LCC | 70N7 | Mutual Fund - Series |
| | T. Rowe Price Large-Cap Growth Fund* | LCG | 70K2 | Mutual
Fund - Series |
| | T. Rowe Price
Large-Cap Value Fund* | LCV | 70H6 | Mutual
Fund - Series |
| | T. Rowe Price
Institutional Mid-Cap Equity Growth Fund* | MCE | 70F5 | Mutual Fund - Series |
| | T. Rowe Price Institutional Small-Cap Stock Fund* | SCI | 70H5 | Mutual
Fund - Series |
T. Rowe Price Equity Income Fund, Inc.* | EIF | 7019 | Mutual Fund - Parent |
T.
Rowe Price Equity Series, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price All-Cap Opportunities Portfolio* | NAP | 70D2 | Mutual
Fund - Series |
| | T. Rowe Price
Blue Chip Growth Portfolio* | BCP | 70J6 | Mutual
Fund - Series |
| | T. Rowe Price
Equity Income Portfolio* | EIP | 70D1 | Mutual
Fund - Series |
| | T. Rowe Price
Equity Index 500 Portfolio* | EXP | 70J7 | Mutual
Fund - Series |
| | T. Rowe Price
Health Sciences Portfolio* | HSP | 70J5 | Mutual
Fund - Series |
| | T. Rowe Price
Mid-Cap Growth Portfolio* | MGP | 70F9 | Mutual
Fund - Series |
| | T. Rowe Price
Moderate Allocation Portfolio* | PSP | 70E0 | Mutual Fund - Series |
T.
Rowe Price Financial Services Fund, Inc.* | FSF | 70F7 | Mutual Fund - Parent |
T.
Rowe Price Fixed Income Series, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Limited-Term Bond | LTP | 70D4 | Mutual
Fund - Series |
350
| | | | | |
Mutual Fund Entity Name | Reference ID | Fund
Code | Entity Type |
| | Portfolio | | | |
T.
Rowe Price Floating Rate Fund, Inc. | FRI | 70BE | Mutual Fund - Parent |
T. Rowe Price Global Allocation
Fund, Inc.* | GAF | 70DX | Mutual Fund - Parent |
T. Rowe Price Global Funds, Inc. | | | Mutual
Fund - Parent |
| | T. Rowe Price
Institutional Emerging Markets Bond Fund | IEB | 70V0 | Mutual Fund - Series |
| | T. Rowe Price Institutional Emerging Markets
Equity Fund* | IEM | 70N6 | Mutual
Fund - Series |
| | T. Rowe Price
Global Value Equity Fund* | IGV | 70DF | Mutual
Fund - Series |
| | T. Rowe Price
Institutional International Disciplined Equity Fund* | ICE | 70AQ | Mutual Fund - Series |
T.
Rowe Price Global Multi-Sector Bond Fund, Inc. | SNF | 70AF | Mutual Fund - Parent |
T.
Rowe Price Global Real Estate Fund, Inc.* | GRE | 70AD | Mutual Fund - Parent |
T.
Rowe Price Global Technology Fund, Inc.* | GTF | 70I2 | Mutual Fund - Parent |
T.
Rowe Price GNMA Fund, Inc. | GMA | 7020 | Mutual
Fund - Parent |
T. Rowe Price Government Money
Fund, Inc. | PRF | 7005 | Mutual
Fund - Parent |
T. Rowe Price Growth Stock Fund, Inc.* | GSF | 7004 | Mutual Fund - Parent |
T.
Rowe Price Health Sciences Fund, Inc.* | HSF | 70F1 | Mutual Fund - Parent |
T.
Rowe Price High Yield Fund, Inc. | HYF | 7016 | Mutual Fund - Parent |
| | T. Rowe Price U.S. High Yield Fund | UHY | 70KA | Mutual
Fund - Series |
T. Rowe Price Index Trust, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
Equity Index 500 Fund* | EXF | 7041 | Mutual
Fund - Series |
| | T. Rowe Price
Extended Equity Market Index Fund* | XMX | 70G8 | Mutual Fund - Series |
| | T. Rowe Price Mid-Cap Index Fund* | MCX | 70HE | Mutual
Fund - Series |
| | T. Rowe Price
Small-Cap Index Fund* | SCX | 70HF | Mutual
Fund - Series |
| | T. Rowe Price
U.S. Limited Duration TIPS Index Fund | LDX | 70NZ | Mutual Fund - Series |
| | T. Rowe Price Total Equity Market Index Fund* | TMX | 70G9 | Mutual
Fund - Series |
T. Rowe Price Inflation Protected Bond Fund, Inc. | IPB | 70N5 | Mutual
Fund - Parent |
T. Rowe Price Institutional Income Funds, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
Institutional Floating Rate Fund | IFR | 70W0 | Mutual Fund - Series |
| | T. Rowe Price Institutional High Yield Fund | HYI | 70J2 | Mutual
Fund - Series |
| | T. Rowe Price
Institutional Long Duration Credit Fund | LDC | 70DW | Mutual Fund - Series |
T.
Rowe Price Integrated Equity Funds, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Integrated Global Equity | QGE | 70HM | Mutual
Fund - Series |
351
| | | | | |
Mutual Fund Entity Name | Reference ID | Fund
Code | Entity Type |
| | Fund* | | | |
| | T. Rowe Price Integrated U.S. Small-Cap Growth
Equity Fund* | DSG | 70G4 | Mutual
Fund - Series |
| | T. Rowe Price
Integrated U.S. Small-Mid Cap Core Equity Fund* | QSM | 70HL | Mutual Fund - Series |
| | T. Rowe Price Integrated U.S. Large-Cap Value
Equity Fund* | QMV | 70HJ | Mutual
Fund - Series |
T. Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | ITF | 70FM | Mutual
Fund - Parent |
T. Rowe Price International Funds, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
Africa & Middle East Fund* | AME | 70V6 | Mutual Fund - Series |
| | T. Rowe Price Asia Opportunities Fund* | AOF | 70FB | Mutual
Fund - Series |
| | T. Rowe Price
China Evolution Equity Fund* | CEE | 70LY | Mutual
Fund - Series |
| | T. Rowe Price
Dynamic Credit Fund | DCF | 70LD | Mutual
Fund - Series |
| | T. Rowe Price
Dynamic Global Bond Fund | GUN | 70GB | Mutual
Fund - Series |
| | T. Rowe Price
Emerging Europe Fund* | EEM | 70I1 | Mutual
Fund - Series |
| | T.
Rowe Price Emerging Markets Bond Fund | EMB | 70E3 | Mutual Fund
- Series |
| | T.
Rowe Price Emerging Markets Corporate Bond Fund | EMC | 70DB | Mutual Fund - Series |
| | T. Rowe Price Emerging Markets Discovery Stock Fund* | EMV | 70FY | Mutual
Fund - Series |
| | T. Rowe Price
Emerging Markets Local Currency Bond Fund | EML | 70BA | Mutual Fund - Series |
| | T. Rowe Price Emerging Markets Stock Fund* | EMS | 70E4 | Mutual
Fund - Series |
| | T. Rowe Price
European Stock Fund* | ESF | 7040 | Mutual
Fund - Series |
| | T. Rowe Price
Global Consumer Fund* | GCF | 70HQ | Mutual
Fund - Series |
| | T. Rowe Price
Global Growth Stock Fund* | GLE | 70AE | Mutual
Fund - Series |
| | T. Rowe Price
Global High Income Bond Fund | GHI | 70GD | Mutual
Fund - Series |
| | T. Rowe Price
Global Impact Equity Fund* | GPF | 70PR | Mutual
Fund - Series |
| | T. Rowe Price
Global Industrials Fund* | IND | 70E7 | Mutual
Fund - Series |
| | T. Rowe Price
Global Stock Fund* | GLS | 70F2 | Mutual
Fund - Series |
| | T. Rowe Price
International Bond Fund | IBF | 7022 | Mutual
Fund - Series |
| | T. Rowe Price
International Bond Fund | IBH | 70JB | Mutual
Fund - Series |
352
| | | | | |
Mutual Fund Entity Name | Reference ID | Fund
Code | Entity Type |
| | (USD Hedged) | | | |
| | T. Rowe Price International Disciplined Equity
Fund* | ICN | 70FN | Mutual
Fund - Series |
| | T. Rowe Price
International Discovery Fund* | IDF | 7033 | Mutual Fund - Series |
| | T. Rowe Price International Stock Fund* | ISF | 7007 | Mutual
Fund - Series |
| | T. Rowe Price
International Value Equity Fund* | IGI | 70H1 | Mutual Fund - Series |
| | T. Rowe Price Japan Fund* | JAF | 7000 | Mutual Fund - Series |
| | T. Rowe Price Latin America Fund* | LAM | 70C5 | Mutual
Fund - Series |
| | T. Rowe Price
New Asia Fund* | NAS | 7045 | Mutual
Fund - Series |
| | T. Rowe Price
Overseas Stock Fund* | OSF | 70V1 | Mutual
Fund - Series |
T. Rowe Price International Index Fund, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
International Equity Index Fund* | IXF | 70J3 | Mutual Fund - Series |
T.
Rowe Price International Series, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price International Stock Portfolio* | ISP | 70C9 | Mutual
Fund - Series |
T. Rowe Price Limited Duration Inflation Focused Bond Fund,
Inc. | STI | 70U8 | Mutual
Fund - Parent |
T. Rowe Price Mid-Cap Growth Fund, Inc.* | MCG | 7057 | Mutual Fund - Parent |
T.
Rowe Price Mid-Cap Value Fund, Inc.* | MCV | 70F3 | Mutual Fund - Parent |
T.
Rowe Price Multi-Sector Account Portfolios, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
Emerging Markets Corporate Multi-Sector Account Portfolio | EBS | 70AX | Mutual Fund - Series |
| | T.
Rowe Price Emerging Markets Local Multi-Sector Account Portfolio | ELS | 70AW | Mutual Fund
- Series |
| | T.
Rowe Price Floating Rate Multi-Sector Account Portfolio | FRS | 70AV | Mutual Fund - Series |
| | T. Rowe Price High Yield Multi-Sector Account Portfolio | HYS | 70AY | Mutual
Fund - Series |
| | T. Rowe Price
Investment-Grade Corporate Multi-Sector Account Portfolio | IGS | 70AU | Mutual Fund - Series |
| | T. Rowe Price Mortgage-Backed Securities Multi-Sector
Account Portfolio | MBS | 70DA | Mutual
Fund - Series |
T. Rowe Price Multi-Strategy Total Return Fund, Inc.* | MSR | 70JD | Mutual
Fund - Parent |
353
| | | | | |
Mutual Fund Entity Name | Reference ID | Fund
Code | Entity Type |
T. Rowe Price New Era Fund,
Inc.* | NEF | 7002 | Mutual
Fund - Parent |
T. Rowe Price New Horizons Fund, Inc.* | NHF | 7001 | Mutual Fund - Parent |
T.
Rowe Price New Income Fund, Inc. | NIF | 7003 | Mutual Fund - Parent |
T.
Rowe Price QM U.S. Bond Index Fund, Inc. | UBX | 70J1 | Mutual Fund - Parent |
T.
Rowe Price Real Assets Fund, Inc.* | RAF | 70AP | Mutual Fund - Parent |
T.
Rowe Price Real Estate Fund, Inc.* | REF | 70G7 | Mutual Fund - Parent |
T.
Rowe Price Reserve Investment Funds, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Government Reserve Fund | RES | 70G5 | Mutual
Fund - Series |
| | T. Rowe Price
Short-Term Fund | REI | 70CW | Mutual
Fund - Series |
| | T. Rowe Price
Transition Fund | TNF | 70PQ | Mutual
Fund - Series |
| | T. Rowe Price
Treasury Reserve Fund | GRS | 70G6 | Mutual
Fund - Series |
T. Rowe Price Science & Technology Fund, Inc.* | STF | 7030 | Mutual
Fund - Parent |
T. Rowe Price Short-Term Bond Fund, Inc. | STB | 7013 | Mutual Fund - Parent |
| | T. Rowe Price Short Duration Income Fund | SDI | 70NP | Mutual
Fund - Series |
| | T. Rowe Price
Ultra Short-Term Bond Fund | SBF | 70DH | Mutual
Fund - Series |
T. Rowe Price Small-Cap Stock Fund, Inc.* | SCS | 7031 | Mutual Fund - Parent |
T.
Rowe Price Small-Cap Value Fund, Inc.* | SCV | 7032 | Mutual Fund - Parent |
T.
Rowe Price Spectrum Funds II, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Spectrum Conservative Allocation
Fund* | PSI | 70D6 | Mutual
Fund - Series |
| | T. Rowe Price
Spectrum Moderate Allocation Fund* | PSB | 70D7 | Mutual Fund - Series |
| | T.
Rowe Price Spectrum Moderate Growth Allocation Fund* | PSG | 70D8 | Mutual Fund
- Series |
T. Rowe Price
State Tax-Free Funds, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price California Tax-Free Bond Fund | CAB | 7026 | Mutual Fund - Series |
| | T. Rowe Price Georgia Tax-Free Bond Fund | GAB | 7093 | Mutual
Fund - Series |
| | T. Rowe Price
Maryland Short-Term Tax-Free Bond Fund | MDS | 7079 | Mutual Fund - Series |
| | T. Rowe Price Maryland Tax-Free Bond Fund | MDB | 7029 | Mutual
Fund - Series |
| | T. Rowe Price
Maryland Tax-Free Money Fund | MDM | 70K0 | Mutual
Fund - Series |
| | T. Rowe Price
New Jersey Tax-Free Bond Fund | NJB | 7048 | Mutual Fund - Series |
| | T. Rowe Price New York Tax-Free Bond | NYB | 7023 | Mutual
Fund - Series |
354
| | | | | | | | | |
Mutual Fund Entity Name | Reference ID | Fund Code | Entity Type |
| | Fund | | | |
| | T. Rowe Price
Virginia Tax-Free Bond Fund | VAB | 7049 | Mutual Fund
- Series |
T. Rowe Price Summit Funds, Inc. | | | Mutual
Fund - Parent |
| | T. Rowe Price
Cash Reserves Fund | SCR | 70B5 | Mutual Fund
- Series |
T. Rowe Price Summit Municipal Funds, Inc. | | | Mutual
Fund - Parent |
| | T. Rowe Price
Summit Municipal Income Fund | SMI | 70B9 | Mutual Fund
- Series |
| | T. Rowe Price
Summit Municipal Intermediate Fund | SMT | 70B8 | Mutual Fund
- Series |
T. Rowe Price Tax-Efficient Funds, Inc. | | | Mutual
Fund - Parent |
| | T. Rowe Price
Tax-Efficient Equity Fund* | TMC | 70J4 | Mutual Fund
- Series |
T. Rowe Price Tax-Exempt Money Fund, Inc. | TEM | 7008 | Mutual Fund
- Parent |
T. Rowe Price Tax-Free High Yield Fund, Inc. | TFH | 7017 | Mutual Fund
- Parent |
T. Rowe Price Tax-Free Income Fund, Inc. | TFI | 7006 | Mutual Fund
- Parent |
T. Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS | 7012 | Mutual
Fund - Parent |
T. Rowe Price Total Return Fund, Inc. | TTF | 70HU | Mutual Fund
- Parent |
T. Rowe Price U.S. Equity Research Fund, Inc.* | COF | 70E1 | Mutual Fund
- Parent |
T. Rowe Price U.S. Large-Cap Core Fund, Inc.* | LCF | 70AH | Mutual Fund
- Parent |
T. Rowe Price U.S. Treasury Funds, Inc. | | | Mutual
Fund - Parent |
| | T. Rowe Price
U.S. Treasury Intermediate Index Fund | USI | 7036 | Mutual Fund
- Series |
| | T. Rowe Price
U.S. Treasury Long-Term Index Fund | USL | 7037 | Mutual Fund
- Series |
| | T. Rowe Price
U.S. Treasury Money Fund | UST | 7009 | Mutual Fund
- Series |
T. Rowe Price Value Fund, Inc.* | VAL | 70D9 | Mutual Fund
- Parent |
| | | | | | | |
'40 Act Registered Fund
of Funds | | | |
T.
Rowe Price Retirement Funds, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
Retirement 2005 Fund* | RPJ | 70Q8 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2010 Fund* | RPA | 70K4 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2015 Fund* | RPG | 70Q9 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2020 Fund* | RPB | 70K5 | Mutual Fund
- Series |
| | T.
Rowe Price Retirement 2025 Fund* | RPH | 70R0 | Mutual Fund
- Series |
| | T.
Rowe Price Retirement 2030 Fund* | RPC | 70K6 | Mutual Fund - Series |
| | T. Rowe Price Retirement 2035 Fund* | RPI | 70R1 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2040 Fund* | RPD | 70K7 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2045 Fund* | RPK | 70R9 | Mutual Fund
- Series |
355
| | | | | |
Mutual Fund Entity Name | Reference ID | Fund
Code | Entity Type |
| | T. Rowe Price Retirement 2050 Fund* | RPL | 70V2 | Mutual Fund - Series |
| | T. Rowe Price Retirement 2055 Fund* | RPM | 70V3 | Mutual
Fund - Series |
| | T. Rowe Price
Retirement 2060 Fund* | RPN | 70FH | Mutual
Fund - Series |
| | T. Rowe Price
Retirement 2065 Fund* | RPO | 70NR | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Balanced Fund* | RPE | 70K9 | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2005 Fund* | RFA | 70PA | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2010 Fund* | RFB | 70PB | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2015 Fund* | RFC | 70PD | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2020 Fund* | RFD | 70PE | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2025 Fund* | RFE | 70PF | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2030 Fund* | RFF | 70PG | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2035 Fund* | RFG | 70PH | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2040 Fund* | RFH | 70PI | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2045 Fund* | RFJ | 70PJ | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2050 Fund* | RFK | 70PL | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2055 Fund* | RFM | 70PM | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2060 Fund* | RFN | 70PN | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2065 Fund* | RFO | 70PO | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Income 2020 Fund* | RIB | 70HZ | Mutual
Fund - Series |
| | T. Rowe Price
Retirement I 2005 Fund—I Class* | RBI | 70GM | Mutual Fund - Series |
| | T. Rowe Price Retirement I 2010 Fund—I
Class* | RCI | 70GN | Mutual
Fund - Series |
| | T. Rowe Price
Retirement I 2015 Fund—I Class* | RDI | 70GO | Mutual Fund - Series |
| | T. Rowe Price Retirement I 2020 Fund—I
Class* | RFI | 70GP | Mutual
Fund - Series |
| | T. Rowe Price
Retirement I 2025 Fund—I | RGI | 70GQ | Mutual Fund - Series |
356
| | | | | |
Mutual Fund Entity Name | Reference ID | Fund
Code | Entity Type |
| | Class* | | | |
| | T. Rowe Price Retirement I 2030 Fund—I
Class* | RHI | 70GR | Mutual
Fund - Series |
| | T. Rowe Price
Retirement I 2035 Fund—I Class* | RII | 70GS | Mutual Fund - Series |
| | T. Rowe Price Retirement I 2040 Fund—I
Class* | RJI | 70GU | Mutual
Fund - Series |
| | T. Rowe Price
Retirement I 2045 Fund—I Class* | RKI | 70GV | Mutual Fund - Series |
| | T. Rowe Price Retirement I 2050 Fund—I
Class* | RMI | 70GW | Mutual
Fund - Series |
| | T. Rowe Price
Retirement I 2055 Fund—I Class* | RNI | 70GX | Mutual Fund - Series |
| | T. Rowe Price Retirement I 2060 Fund—I
Class* | ROI | 70GY | Mutual
Fund - Series |
| | T. Rowe Price
Retirement I 2065 Fund—I Class* | RRI | 70NS | Mutual Fund - Series |
| | T. Rowe Price Retirement Balanced I Fund—I
Class* | RQI | 70GZ | Mutual
Fund - Series |
| | T. Rowe Price
Target 2005 Fund* | TRA | 70EA | Mutual
Fund - Series |
| | T.
Rowe Price Target 2010 Fund* | TRB | 70EB | Mutual Fund - Series |
| | T. Rowe Price Target 2015 Fund* | TRC | 70ED | Mutual Fund - Series |
| | T. Rowe Price Target 2020 Fund* | TRD | 70EF | Mutual Fund - Series |
| | T. Rowe Price Target 2025 Fund* | TRE | 70EG | Mutual Fund - Series |
| | T. Rowe Price Target 2030 Fund* | TRG | 70EH | Mutual Fund - Series |
| | T. Rowe Price Target 2035 Fund* | TRH | 70EI | Mutual Fund - Series |
| | T. Rowe Price Target 2040 Fund* | TRJ | 70EJ | Mutual Fund - Series |
| | T. Rowe Price Target 2045 Fund* | TRL | 70EL | Mutual Fund - Series |
| | T. Rowe Price Target 2050 Fund* | TRM | 70EM | Mutual Fund - Series |
| | T. Rowe Price Target 2055 Fund* | TRN | 70EN | Mutual Fund - Series |
| | T. Rowe Price Target 2060 Fund* | TRO | 70FI | Mutual Fund - Series |
| | T. Rowe Price Target 2065 Fund* | TRQ | 70NU | Mutual Fund - Series |
T.
Rowe Price Spectrum Fund, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Spectrum Diversified Equity Fund* | SPG | 7043 | Mutual
Fund - Series |
| | T. Rowe Price
Spectrum Income Fund* | SPI | 7044 | Mutual
Fund - Series |
| | T.
Rowe Price Spectrum International Equity Fund* | SPF | 70G1 | Mutual Fund
- Series |
357
358
AMENDMENT
NO. 30
TO
Fund Accounting Agreement
This
Amendment No. 30 (this “Amendment”) dated November 13, 2023 by and between each Fund listed
on Exhibit A (each a “Fund” or collectively the “Funds”) to the Fund Accounting
Agreement (as defined below), T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation having its principal
office located at 100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”) and THE BANK OF
NEW YORK MELLON, a bank organized under the Laws of the State of New York, having its principal
office
located
at
240
Greenwich
Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS, each Fund, TRP, and BNY Mellon have entered
into a Fund Accounting Agreement, dated as of August 1, 2015 (the “Fund
Accounting
Agreement”);
and
WHEREAS, each Fund, TRP, and BNY Mellon desire
to amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW, THEREFORE, in consideration
for
the
mutual
promises contained herein and other good and valuable consideration, intending to be legally bound,
each Fund, TRP, and BNY Mellon hereby agree as follows:
359
(a) DEFINITIONS
Capitalized terms used in this Amendment and not otherwise
defined herein shall have the meanings ascribed thereto in the Fund Accounting Agreement.
(b) AMENDED
EXHIBIT
A
Exhibit A to the Fund Accounting Agreement is hereby amended
by deleting Exhibit A attached thereto and replacing it in its entirety with the new Exhibit A attached
hereto as Attachment A.
360
(c) EFFECT
ON
FUND
ACCOUNTING
AGREEMENT
In the event of any inconsistency
between
the
terms
of
this
Amendment
and
the
Fund
Accounting
Agreement,
the
terms
of
this
Amendment
shall
be
controlling.
Except as specifically and only to the extent modified by this Amendment, all of the terms and provisions
of the Fund Accounting Agreement shall continue to remain in full force and effect.
(d) GOVERNING
LAW
The laws of the State of New York and the federal laws of
the United States applicable therein shall govern, construe, and enforce all of the rights, duties, and
obligations
arising
out
of
or
related
in
any
manner
to,
the
subject
matter
of
this Amendment, notwithstanding any conflict of laws principles.
(e) COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts,
each of which shall be deemed an original, but all of which taken together shall constitute one single
agreement between the Parties. This Amendment may also be executed and
delivered by facsimile or email with confirmation of delivery and/or receipt.
361
IN WITNESS
WHEREOF,
each
Fund,
TRP,
and
BNY
Mellon
have
executed
or
caused
this
Amendment to be executed
as
of
the
date
and
year
first above written by its duly
authorized
representative.
| |
THE BANK OF NEW
YORK MELLON |
By:
/s/Sarah Fisher |
Name: |
Title: |
Date: |
| |
T. ROWE PRICE ASSOCIATES, INC. |
By: /s/Sara Pak |
Name: Sara Pak |
Title: Vice President |
Date: November 13,
2023 |
| |
On behalf of
each Fund listed in Amended Exhibit A By: /s/ Fran Pollack-Matz |
Name: Fran Pollack-Matz |
Title: Vice President |
Date: November 13,
2023 |
362
ATTACHMENT
A
Amended
Exhibit A
| | | | |
Mutual Fund Entity Name | Reference
ID | Fund Code | Entity Type |
‘40 Act Registered Funds | | | |
T. Rowe Price All-Cap Opportunities Fund, Inc.* | NAG | 7018 | Mutual Fund - Parent |
T. Rowe Price Balanced Fund, Inc.* | BAL | 7047 | Mutual Fund - Parent |
T. Rowe Price Blue Chip Growth Fund, Inc.* | BCG | 70A6 | Mutual Fund - Parent |
T. Rowe Price Capital Appreciation Fund,
Inc. | | | Mutual Fund - Parent |
T. Rowe Price Capital Appreciation Fund* | CAF | 7025 | Mutual Fund - Series |
T. Rowe Price Capital Appreciation and Income
Fund* | CAFI | 70QS | Mutual Fund - Series |
T. Rowe Price Communications & Technology Fund, Inc.* | MTF | 70A9 | Mutual Fund - Parent |
T. Rowe Price Corporate Income Fund, Inc. | CIF | 70E6 | Mutual Fund - Parent |
T. Rowe Price Credit Opportunities Fund, Inc. | CRO | 70E9 | Mutual Fund - Parent |
T. Rowe Price Diversified Mid-Cap Growth Fund, Inc.* | DMG | 70Q7 | Mutual Fund - Parent |
T. Rowe Price Dividend Growth Fund, Inc.* | DGF | 7081 | Mutual Fund - Parent |
T. Rowe Price Equity Funds, Inc. | | | Mutual Fund - Parent |
T. Rowe Price Hedged Equity Fund | HEF | 70QB | Mutual Fund - Series |
T. Rowe Price Institutional Large-Cap Core
Growth Fund* | LCC | 70N7 | Mutual Fund - Series |
T. Rowe Price Large-Cap Growth Fund* | LCG | 70K2 | Mutual Fund - Series |
T. Rowe Price Large-Cap Value Fund* | LCV | 70H6 | Mutual Fund - Series |
T. Rowe Price Institutional Mid-Cap Equity
Growth Fund* | MCE | 70F5 | Mutual Fund - Series |
T. Rowe Price Institutional Small-Cap Stock
Fund* | SCI | 70H5 | Mutual Fund - Series |
T. Rowe Price Equity Income Fund, Inc.* | EIF | 7019 | Mutual Fund - Parent |
T. Rowe Price Equity Series, Inc. | | | Mutual Fund - Parent |
T. Rowe Price All-Cap Opportunities Portfolio* | NAP | 70D2 | Mutual Fund - Series |
T. Rowe Price Blue Chip Growth Portfolio* | BCP | 70J6 | Mutual Fund - Series |
T. Rowe Price Equity Income Portfolio* | EIP | 70D1 | Mutual Fund - Series |
T. Rowe Price Equity Index 500 Portfolio* | EXP | 70J7 | Mutual Fund - Series |
T. Rowe Price Health Sciences Portfolio* | HSP | 70J5 | Mutual Fund - Series |
T. Rowe Price Mid-Cap Growth Portfolio* | MGP | 70F9 | Mutual Fund - Series |
T. Rowe Price Moderate Allocation Portfolio* | PSP | 70E0 | Mutual Fund - Series |
T. Rowe Price Financial Services Fund, Inc.* | FSF | 70F7 | Mutual Fund - Parent |
T. Rowe Price Fixed Income Series, Inc. | | | Mutual Fund - Parent |
T. Rowe Price Limited-Term Bond Portfolio | LTP | 70D4 | Mutual Fund - Series |
T. Rowe Price Floating Rate Fund, Inc. | FRI | 70BE | Mutual Fund - Parent |
363
| | | | |
Mutual Fund Entity Name | Reference
ID | Fund Code | Entity Type |
T. Rowe Price Global Allocation Fund, Inc.* | GAF | 70DX | Mutual Fund - Parent |
T. Rowe Price Global Funds, Inc. | | | Mutual Fund - Parent |
T. Rowe Price Institutional Emerging Markets
Bond Fund | IEB | 70V0 | Mutual Fund - Series |
T. Rowe Price Institutional Emerging Markets
Equity Fund* | IEM | 70N6 | Mutual Fund - Series |
T. Rowe Price Global Value Equity Fund* | IGV | 70DF | Mutual Fund - Series |
T. Rowe Price Institutional International
Disciplined Equity Fund* | ICE | 70AQ | Mutual Fund - Series |
T. Rowe Price Global Multi-Sector Bond Fund,
Inc. | SNF | 70AF | Mutual Fund - Parent |
T. Rowe Price Global Real Estate Fund, Inc.* | GRE | 70AD | Mutual Fund - Parent |
T. Rowe Price Global Technology Fund, Inc.* | GTF | 70I2 | Mutual Fund - Parent |
T. Rowe Price GNMA Fund, Inc. | GMA | 7020 | Mutual Fund - Parent |
T. Rowe Price Government Money Fund, Inc. | PRF | 7005 | Mutual Fund - Parent |
T. Rowe Price Growth Stock Fund, Inc.* | GSF | 7004 | Mutual Fund - Parent |
T. Rowe Price Health Sciences Fund, Inc.* | HSF | 70F1 | Mutual Fund - Parent |
T. Rowe Price High Yield Fund, Inc. | HYF | 7016 | Mutual Fund - Parent |
T. Rowe Price U.S. High Yield Fund | UHY | 70KA | Mutual Fund - Series |
T. Rowe Price Index Trust, Inc. | | | Mutual Fund - Parent |
T. Rowe Price Equity Index 500 Fund* | EXF | 7041 | Mutual Fund - Series |
T. Rowe Price Extended Equity Market Index
Fund* | XMX | 70G8 | Mutual Fund - Series |
T. Rowe Price Mid-Cap Index
Fund* | MCX | 70HE | Mutual Fund - Series |
T. Rowe Price Small-Cap Index Fund* | SCX | 70HF | Mutual Fund - Series |
T. Rowe Price U.S. Limited Duration TIPS Index
Fund | LDX | 70NZ | Mutual Fund - Series |
T. Rowe Price Total Equity Market Index Fund* | TMX | 70G9 | Mutual Fund - Series |
T. Rowe Price Inflation Protected Bond Fund, Inc. | IPB | 70N5 | Mutual Fund - Parent |
T. Rowe Price Institutional Income Funds,
Inc. | | | Mutual Fund - Parent |
T. Rowe Price Institutional Floating Rate
Fund | IFR | 70W0 | Mutual Fund - Series |
T. Rowe Price Institutional High Yield Fund | HYI | 70J2 | Mutual Fund - Series |
T. Rowe Price Institutional Long Duration
Credit Fund | LDC | 70DW | Mutual Fund - Series |
T. Rowe Price Integrated Equity Funds, Inc. | | | Mutual Fund - Parent |
T. Rowe Price Integrated Global Equity
Fund* | QGE | 70HM | Mutual Fund - Series |
T. Rowe Price Integrated U.S. Small-Cap
Growth Equity Fund* | DSG | 70G4 | Mutual Fund - Series |
T. Rowe Price Integrated U.S. Small-Mid Cap
Core Equity Fund* | QSM | 70HL | Mutual Fund - Series |
T. Rowe Price Integrated U.S. Large-Cap Value
Equity Fund* | QMV | 70HJ | Mutual Fund - Series |
364
| | | | |
Mutual Fund Entity Name | Reference
ID | Fund Code | Entity Type |
T. Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | ITF | 70FM | Mutual Fund - Parent |
T. Rowe Price International Funds, Inc. | | | Mutual Fund - Parent |
T. Rowe Price Africa & Middle East Fund* | AME | 70V6 | Mutual Fund - Series |
T. Rowe Price Asia Opportunities Fund* | AOF | 70FB | Mutual Fund - Series |
T. Rowe Price China Evolution Equity Fund* | CEE | 70LY | Mutual Fund - Series |
T. Rowe Price Dynamic Credit Fund | DCF | 70LD | Mutual Fund - Series |
T. Rowe Price Dynamic Global Bond Fund | GUN | 70GB | Mutual Fund - Series |
T. Rowe Price Emerging Europe Fund* | EEM | 70I1 | Mutual Fund - Series |
T. Rowe Price Emerging Markets Bond Fund | EMB | 70E3 | Mutual Fund - Series |
T. Rowe Price Emerging Markets Corporate
Bond Fund | EMC | 70DB | Mutual Fund - Series |
T. Rowe Price Emerging Markets Discovery
Stock Fund* | EMV | 70FY | Mutual Fund - Series |
T. Rowe Price Emerging Markets Local
Currency Bond Fund | EML | 70BA | Mutual Fund - Series |
T. Rowe Price Emerging Markets Stock Fund* | EMS | 70E4 | Mutual Fund - Series |
T. Rowe Price European Stock Fund* | ESF | 7040 | Mutual Fund - Series |
T. Rowe Price Global Consumer Fund* | GCF | 70HQ | Mutual Fund - Series |
T. Rowe Price Global Growth Stock Fund* | GLE | 70AE | Mutual Fund - Series |
T. Rowe Price Global High Income Bond Fund | GHI | 70GD | Mutual Fund - Series |
T. Rowe Price Global Impact Equity Fund* | GPF | 70PR | Mutual Fund - Series |
T. Rowe Price Global Industrials Fund* | IND | 70E7 | Mutual Fund - Series |
T. Rowe Price Global Stock Fund* | GLS | 70F2 | Mutual Fund - Series |
T. Rowe Price International Bond
Fund | IBF | 7022 | Mutual Fund - Series |
T. Rowe Price International Bond Fund (USD
Hedged) | IBH | 70JB | Mutual Fund - Series |
T. Rowe Price International Disciplined Equity Fund* | ICN | 70FN | Mutual Fund - Series |
T. Rowe Price International Discovery
Fund* | IDF | 7033 | Mutual Fund - Series |
T. Rowe Price International Stock Fund* | ISF | 7007 | Mutual Fund - Series |
T. Rowe Price International Value Equity Fund* | IGI | 70H1 | Mutual Fund - Series |
T. Rowe Price Japan Fund* | JAF | 7000 | Mutual Fund - Series |
T. Rowe Price Latin America
Fund* | LAM | 70C5 | Mutual Fund - Series |
T. Rowe Price New Asia Fund* | NAS | 7045 | Mutual Fund - Series |
T. Rowe Price Overseas Stock Fund* | OSF | 70V1 | Mutual Fund - Series |
T. Rowe Price International Index Fund,
Inc. | | | Mutual Fund - Parent |
T. Rowe Price International Equity Index Fund* | IXF | 70J3 | Mutual Fund - Series |
T. Rowe Price International Series,
Inc. | | | Mutual Fund - Parent |
T. Rowe Price International Stock Portfolio* | ISP | 70C9 | Mutual Fund - Series |
T. Rowe Price Limited Duration Inflation Focused Bond
Fund, Inc. | STI | 70U8 | Mutual Fund - Parent |
365
| | | | |
Mutual Fund Entity Name | Reference
ID | Fund Code | Entity Type |
T. Rowe Price Mid-Cap Growth Fund, Inc.* | MCG | 7057 | Mutual Fund - Parent |
T. Rowe Price Mid-Cap Value Fund, Inc.* | MCV | 70F3 | Mutual Fund - Parent |
T. Rowe Price Multi-Sector Account Portfolios,
Inc. | | | Mutual Fund - Parent |
T. Rowe Price Emerging Markets Corporate
Multi-Sector Account Portfolio | EBS | 70AX | Mutual Fund - Series |
T. Rowe Price Emerging Markets Local Multi-
Sector Account Portfolio | ELS | 70AW | Mutual Fund - Series |
T. Rowe Price Floating Rate Multi-Sector
Account Portfolio | FRS | 70AV | Mutual Fund - Series |
T. Rowe Price High Yield Multi-Sector Account
Portfolio | HYS | 70AY | Mutual Fund - Series |
T. Rowe Price Investment-Grade Corporate
Multi-Sector Account Portfolio | IGS | 70AU | Mutual Fund - Series |
T. Rowe Price Mortgage-Backed Securities
Multi-Sector Account Portfolio | MBS | 70DA | Mutual Fund - Series |
T. Rowe Price Multi-Strategy Total Return Fund, Inc.* | MSR | 70JD | Mutual Fund - Parent |
T. Rowe Price New Era Fund,
Inc.* | NEF | 7002 | Mutual Fund - Parent |
T. Rowe Price New Horizons Fund, Inc.* | NHF | 7001 | Mutual Fund - Parent |
T. Rowe Price New Income Fund, Inc. | NIF | 7003 | Mutual Fund - Parent |
T. Rowe Price QM U.S. Bond Index Fund, Inc. | UBX | 70J1 | Mutual Fund - Parent |
T. Rowe Price Real Assets Fund, Inc.* | RAF | 70AP | Mutual Fund - Parent |
T. Rowe Price Real Estate Fund, Inc.* | REF | 70G7 | Mutual Fund - Parent |
T. Rowe Price Reserve Investment Funds, Inc. | | | Mutual Fund - Parent |
T. Rowe Price Government Reserve Fund | RES | 70G5 | Mutual Fund - Series |
T. Rowe Price Short-Term Fund | REI | 70CW | Mutual Fund - Series |
T. Rowe Price Transition Fund | TNF | 70PQ | Mutual Fund - Series |
T. Rowe Price Treasury Reserve Fund | GRS | 70G6 | Mutual Fund - Series |
T. Rowe Price Science & Technology Fund,
Inc.* | STF | 7030 | Mutual Fund - Parent |
T. Rowe Price Short-Term Bond Fund, Inc. | STB | 7013 | Mutual Fund - Parent |
T. Rowe Price Short Duration Income Fund | SDI | 70NP | Mutual Fund - Series |
T. Rowe Price Ultra Short-Term Bond
Fund | SBF | 70DH | Mutual Fund - Series |
T. Rowe Price Small-Cap Stock Fund, Inc.* | SCS | 7031 | Mutual Fund - Parent |
T. Rowe Price Small-Cap Value Fund, Inc.* | SCV | 7032 | Mutual Fund - Parent |
T. Rowe Price Spectrum Funds II, Inc. | | | Mutual Fund - Parent |
T. Rowe Price Spectrum Conservative Allocation
Fund* | PSI | 70D6 | Mutual Fund - Series |
T. Rowe Price Spectrum Moderate Allocation
Fund* | PSB | 70D7 | Mutual Fund - Series |
366
| | | | |
Mutual Fund Entity Name | Reference
ID | Fund Code | Entity Type |
T. Rowe Price Spectrum Moderate Growth
Allocation Fund* | PSG | 70D8 | Mutual Fund - Series |
T. Rowe Price State Tax-Free Funds, Inc. | | | Mutual Fund - Parent |
T. Rowe Price California Tax-Free Bond
Fund | CAB | 7026 | Mutual Fund - Series |
T. Rowe Price Georgia Tax-Free Bond
Fund | GAB | 7093 | Mutual Fund - Series |
T. Rowe Price Maryland Short-Term Tax-Free
Bond Fund | MDS | 7079 | Mutual Fund - Series |
T. Rowe Price Maryland Tax-Free Bond
Fund | MDB | 7029 | Mutual Fund - Series |
T. Rowe Price Maryland Tax-Free Money Fund | MDM | 70K0 | Mutual Fund - Series |
T. Rowe Price New Jersey Tax-Free Bond Fund | NJB | 7048 | Mutual Fund - Series |
T. Rowe Price New York Tax-Free Bond Fund | NYB | 7023 | Mutual Fund - Series |
T. Rowe Price Virginia Tax-Free Bond Fund | VAB | 7049 | Mutual Fund - Series |
T. Rowe Price Summit Funds, Inc. | | | Mutual Fund - Parent |
T. Rowe Price Cash Reserves Fund | SCR | 70B5 | Mutual Fund - Series |
T. Rowe Price Summit Municipal Funds, Inc. | | | Mutual Fund - Parent |
T. Rowe Price Summit Municipal Income Fund | SMI | 70B9 | Mutual Fund - Series |
T. Rowe Price Summit Municipal Intermediate
Fund | SMT | 70B8 | Mutual Fund - Series |
T. Rowe Price Tax-Efficient Funds,
Inc. | | | Mutual Fund - Parent |
T. Rowe Price Tax-Efficient Equity Fund* | TMC | 70J4 | Mutual Fund - Series |
T. Rowe Price Tax-Exempt Money Fund, Inc. | TEM | 7008 | Mutual Fund - Parent |
T. Rowe Price Tax-Free High Yield Fund, Inc. | TFH | 7017 | Mutual Fund - Parent |
T. Rowe Price Tax-Free Income Fund, Inc. | TFI | 7006 | Mutual Fund - Parent |
T. Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS | 7012 | Mutual Fund - Parent |
T. Rowe Price Total Return Fund, Inc. | TTF | 70HU | Mutual Fund - Parent |
T. Rowe Price U.S. Equity Research Fund, Inc.* | COF | 70E1 | Mutual Fund - Parent |
T. Rowe Price U.S. Large-Cap Core Fund, Inc.* | LCF | 70AH | Mutual Fund - Parent |
T. Rowe Price U.S. Treasury Funds, Inc. | | | Mutual Fund - Parent |
T. Rowe Price U.S. Treasury Intermediate Index
Fund | USI | 7036 | Mutual Fund - Series |
T. Rowe Price U.S. Treasury Long-Term Index
Fund | USL | 7037 | Mutual Fund - Series |
T. Rowe Price U.S. Treasury Money Fund | UST | 7009 | Mutual Fund - Series |
T. Rowe Price Value Fund,
Inc.* | VAL | 70D9 | Mutual Fund - Parent |
'40 Act Registered Fund of
Funds | | | |
T. Rowe Price Retirement Funds, Inc. | | | Mutual Fund - Parent |
T. Rowe Price Retirement 2005 Fund* | RPJ | 70Q8 | Mutual Fund - Series |
T. Rowe Price Retirement 2010 Fund* | RPA | 70K4 | Mutual Fund - Series |
T. Rowe Price Retirement 2015
Fund* | RPG | 70Q9 | Mutual Fund - Series |
367
| | | | |
Mutual Fund Entity Name | Reference
ID | Fund Code | Entity Type |
T. Rowe Price Retirement 2020 Fund* | RPB | 70K5 | Mutual Fund - Series |
T. Rowe Price Retirement 2025 Fund* | RPH | 70R0 | Mutual Fund - Series |
T. Rowe Price Retirement 2030 Fund* | RPC | 70K6 | Mutual Fund - Series |
T. Rowe Price Retirement 2035 Fund* | RPI | 70R1 | Mutual Fund - Series |
T. Rowe Price Retirement 2040 Fund* | RPD | 70K7 | Mutual Fund - Series |
T. Rowe Price Retirement 2045 Fund* | RPK | 70R9 | Mutual Fund - Series |
T. Rowe Price Retirement 2050 Fund* | RPL | 70V2 | Mutual Fund - Series |
T. Rowe Price Retirement 2055 Fund* | RPM | 70V3 | Mutual Fund - Series |
T. Rowe Price Retirement 2060 Fund* | RPN | 70FH | Mutual Fund - Series |
T. Rowe Price Retirement 2065 Fund* | RPO | 70NR | Mutual Fund - Series |
T. Rowe Price Retirement Balanced Fund* | RPE | 70K9 | Mutual Fund - Series |
T. Rowe Price Retirement Blend 2005 Fund* | RFA | 70PA | Mutual Fund - Series |
T. Rowe Price Retirement Blend 2010 Fund* | RFB | 70PB | Mutual Fund - Series |
T. Rowe Price Retirement Blend 2015 Fund* | RFC | 70PD | Mutual Fund - Series |
T. Rowe Price Retirement Blend 2020 Fund* | RFD | 70PE | Mutual Fund - Series |
T. Rowe Price Retirement Blend 2025 Fund* | RFE | 70PF | Mutual Fund - Series |
T. Rowe Price Retirement Blend 2030 Fund* | RFF | 70PG | Mutual Fund - Series |
T. Rowe Price Retirement Blend 2035 Fund* | RFG | 70PH | Mutual Fund - Series |
T. Rowe Price Retirement Blend 2040 Fund* | RFH | 70PI | Mutual Fund - Series |
T. Rowe Price Retirement Blend 2045 Fund* | RFJ | 70PJ | Mutual Fund - Series |
T. Rowe Price Retirement Blend 2050 Fund* | RFK | 70PL | Mutual Fund - Series |
T. Rowe Price Retirement Blend 2055 Fund* | RFM | 70PM | Mutual Fund - Series |
T. Rowe Price Retirement Blend 2060 Fund* | RFN | 70PN | Mutual Fund - Series |
T. Rowe Price Retirement Blend 2065 Fund* | RFO | 70PO | Mutual Fund - Series |
T. Rowe Price Retirement Income 2020 Fund* | RIB | 70HZ | Mutual Fund - Series |
T. Rowe Price Retirement I 2005 Fund—I Class* | RBI | 70GM | Mutual Fund - Series |
T. Rowe Price Retirement I 2010 Fund—I Class* | RCI | 70GN | Mutual Fund - Series |
T. Rowe Price Retirement I 2015 Fund—I Class* | RDI | 70GO | Mutual Fund - Series |
T. Rowe Price Retirement I 2020 Fund—I Class* | RFI | 70GP | Mutual Fund - Series |
T. Rowe Price Retirement I 2025 Fund—I Class* | RGI | 70GQ | Mutual Fund - Series |
T. Rowe Price Retirement I 2030 Fund—I
Class* | RHI | 70GR | Mutual Fund - Series |
T. Rowe Price Retirement I 2035 Fund—I Class* | RII | 70GS | Mutual Fund - Series |
T. Rowe Price Retirement I 2040 Fund—I Class* | RJI | 70GU | Mutual Fund - Series |
T. Rowe Price Retirement I 2045 Fund—I Class* | RKI | 70GV | Mutual Fund - Series |
T. Rowe Price Retirement I 2050 Fund—I Class* | RMI | 70GW | Mutual Fund - Series |
T. Rowe Price Retirement I 2055 Fund—I Class* | RNI | 70GX | Mutual Fund - Series |
T. Rowe Price Retirement I 2060 Fund—I Class* | ROI | 70GY | Mutual Fund - Series |
T. Rowe Price Retirement I 2065 Fund—I Class* | RRI | 70NS | Mutual Fund - Series |
T. Rowe Price Retirement Balanced I Fund—I
Class* | RQI | 70GZ | Mutual Fund - Series |
368
| | | | |
T. Rowe Price Target 2005 Fund* | TRA | 70EA | Mutual Fund - Series |
T.
Rowe Price Target 2010 Fund* | TRB | 70EB | Mutual
Fund - Series |
T. Rowe Price Target 2015 Fund* | TRC | 70ED | Mutual Fund - Series |
T. Rowe Price Target 2020 Fund* | TRD | 70EF | Mutual Fund - Series |
T.
Rowe Price Target 2025 Fund* | TRE | 70EG | Mutual
Fund - Series |
T. Rowe Price Target 2030 Fund* | TRG | 70EH | Mutual Fund - Series |
T. Rowe Price Target 2035 Fund* | TRH | 70EI | Mutual Fund - Series |
T.
Rowe Price Target 2040 Fund* | TRJ | 70EJ | Mutual
Fund - Series |
T. Rowe Price Target 2045 Fund* | TRL | 70EL | Mutual Fund - Series |
T. Rowe Price Target 2050 Fund* | TRM | 70EM | Mutual Fund - Series |
T.
Rowe Price Target 2055 Fund* | TRN | 70EN | Mutual
Fund - Series |
T. Rowe Price Target 2060 Fund* | TRO | 70FI | Mutual Fund - Series |
T. Rowe Price Target 2065 Fund* | TRQ | 70NU | Mutual Fund - Series |
T. Rowe Price Spectrum Fund, Inc. | | | Mutual Fund - Parent |
T. Rowe Price Spectrum Diversified Equity
Fund* | SPG | 7043 | Mutual Fund - Series |
T. Rowe Price Spectrum Income Fund* | SPI | 7044 | Mutual Fund - Series |
T. Rowe Price Spectrum International Equity
Fund* | SPF | 70G1 | Mutual
Fund - Series |
*Indicates the applicable
Fund
is
receiving
both
Wash
Sales
and
Tax
Efficiency
Services.
369
AMENDMENT
NO. 31
TO
Fund Accounting Agreement
This Amendment No. 31
(this “Amendment”) dated December 15, 2023 by and between each Fund listed on Exhibit A (each
a “Fund” or collectively the “Funds”) to the Fund Accounting Agreement (as defined
below), T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation having its principal office located at
100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”) and THE BANK OF NEW YORK MELLON, a
bank organized under the Laws of the State of New York, having its principal office located at 240 Greenwich
Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS, each Fund, TRP, and
BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015 (the “Fund
Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire
to amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
(i) DEFINITIONS
Capitalized terms used in this Amendment and not otherwise defined herein shall
have the meanings ascribed thereto in the Fund Accounting Agreement.
(j) SCHEDULE
OF SERVICES
370
The Fund Accounting Agreement is hereby amended by deleting Schedule I (Schedule
of Services) attached thereto and replacing it in its entirety with the new Schedule I (Schedule of Services)
attached hereto as Attachment A.
(k) COMPENSATION
The Fund Accounting Agreement is hereby amended by deleting Schedule IV (Compensation)
attached thereto and replacing it in its entirety with the new Schedule IV (Compensation) attached hereto
as Attachment B.
(l) SERVICE
LEVEL DESCRIPTION
The Fund Accounting Agreement is hereby amended by deleting
the Service Level Description attached thereto and replacing it in its entirety with the new Service
Level Description attached hereto as Attachment C.
(m) EFFECT
ON FUND ACCOUNTING AGREEMENT
In the event of any inconsistency between
the terms of this Amendment and the Fund Accounting Agreement, the terms of this Amendment shall be controlling
with respect to the subject matter of this Amendment. Except as specifically and only to the extent
modified by this Amendment, all of the terms and provisions of the Fund Accounting Agreement shall continue
to remain in full force and effect.
(n) GOVERNING
LAW
The laws of the State of New York and the federal laws of
the United States applicable therein shall govern, construe, and enforce all of the rights, duties, and
obligations arising out of or related in any manner to, the subject matter of this Amendment, notwithstanding
any conflict of laws principles.
371
(o) COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts, each of which shall
be deemed an original, but all of which taken together shall constitute one single agreement between
the Parties. This Amendment may also be executed and delivered by facsimile or email with confirmation
of delivery and/or receipt.
372
IN
WITNESS WHEREOF, each Fund, TRP, and BNY Mellon have executed or caused this Amendment to be executed
as of the date and year first above written by its duly authorized representative.
| |
THE BANK OF NEW YORK MELLON |
By: /s/Michael Green |
Name:
Michael Green |
Title:
Managing Director |
| |
T. ROWE PRICE ASSOCIATES, INC. |
By:
/s/David Oestreicher |
Name:
David Oestreicher |
Title:
General Counsel |
| |
On behalf of
each Fund listed in Exhibit A
to the
Fund Accounting Agreement By: /s/ Fran Pollack-Matz |
Name: Fran Pollack-Matz |
Title: Secretary
and Vice President of the Funds |
| |
373
ATTACHMENT
A
AMENDED
SCHEDULE I
Schedule
of Services
All services provided in this Schedule of Services are subject to the review and
approval of the appropriate Fund officers, Fund counsel and accountants of each Fund, as may be applicable.
The services included on this Schedule of Services may be provided by BNY Mellon or a BNY Mellon Affiliate,
collectively referred to herein as “BNY Mellon”. Additionally, the services provided shall
comply with generally accepted accounting principles, regulatory requirements and/or such TRP policies
and Instructions as applicable.
VALUATION SUPPORT AND COMPUTATION ACCOUNTING SERVICES
BNY Mellon shall provide the following valuation support and computation accounting
services for each Fund:
Journalize
investment, capital share and income and expense activities;
Maintain individual ledgers for investment securities;
Maintain
historical tax lots for each security;
Corporate action processing as more fully set forth in the
SLDs;
Reconcile
cash and investment balances of each Fund with the Fund’s custodian or other counterparties as
applicable;
Provide
a Fund’s investment adviser, as applicable, with the cash balance available for investment purposes
at start-of-day and upon request, as agreed by the parties;
Calculate capital gains and losses;
Calculate daily distribution
rate per share;
Determine
net income;
Obtain
security market quotes and currency exchange rates from pricing services approved by a Fund’s investment
adviser, or if such quotes are unavailable, then obtain such prices from the Fund’s investment
adviser, and in either case, calculate the market value of each Fund’s investments in accordance
with the Fund's valuation policies or guidelines; provided, however, that BNY Mellon shall not under
any circumstances be under a duty to independently price or value any of the Fund's investments, including
securities lending related cash collateral investments (with the exception of the services provided hereunder
to Funds utilized for such cash collateral investments), itself or to confirm or validate any information
or valuation provided by the investment adviser or any other pricing source, nor shall BNY Mellon have
any liability relating to inaccuracies or otherwise with respect to such information or valuations; notwithstanding
the foregoing, BNY Mellon shall follow the established procedures and controls to identify exceptions,
tolerance breaches, etc. and to research and resolve or escalate any pricing inaccuracies;
Application
of the established automated price validation rules against prices received from third party vendors
and review of exceptions as identified;
Calculate Net Asset Value in the manner specified in the Fund’s
Offering Materials (which, for the service described herein, shall include the Fund’s Net Asset
Value error policy);
Calculate
Accumulated Unit Values (“AUV”) for select funds as mutually agreed upon between the parties;
374
Transmit
or make available a copy of the daily portfolio valuation to a Fund’s investment adviser;
Calculate
yields, portfolio dollar-weighted average maturity and dollar-weighted average life as applicable; and
Calculate
portfolio turnover rate for inclusion in the annual and semi-annual shareholder reports.
For
money market funds, obtain security market quotes and calculate the market-value Net Asset Value in
accordance with the Fund’s valuation policies and guidelines at such times and frequencies as required
by regulation and/or instruction from TRP.
FINANCIAL REPORTING; TYPESETTING SERVICES; MONEY MARKET
FUND SERVICES
BNY Mellon shall provide the following financial reporting
services for each Fund:
Financial
Statement Preparation & Review
· Prepare the Fund’s annual and semi-annual shareholder
reports1 for shareholder delivery and for inclusion in Form N-CSR;
· Prepare
the Fund’s fiscal quarterly schedule of portfolio holdings for inclusion in Part F of Form N-PORT;
· Prepare,
circulate and maintain the Fund’s financial reporting production calendar and track status of reporting
cycles;
and
· Prepare and coordinate
the filing of the Fund’s monthly website files and Form N-MFP, as applicable to money market funds.
Typesetting
Services
· Create
financial compositions for the applicable financial report and related EDGAR files;
· Document publishing,
including the output of print-ready PDF files and EDGAR html files. This includes providing Financial
Highlights tables for inclusion in prospectus filings;
· Maintain country codes, industry class codes, security class
codes and state codes;
· Map
individual general ledger accounts into master accounts to be displayed in the applicable financial reports;
1
Required “Typesetting Services “ as described herein.
375
· Create
components that will specify the proper grouping and sorting for display of portfolio information;
· Create
components that will specify the proper calculation and display of financial data required for each applicable
financial report (except for identified manual entries, which BNY Mellon will enter);
· Process, convert and
load security and general ledger data;
· Generate financial reports using the Vendor’s capabilities
which may include the following:
o table of contents;
o highlights and market
commentary;
o management’s
discussion of fund performance, commentary including related charts and graphs;
o disclosure of Fund performance
and expenses, including related charts and graphs;
o schedules of investments;
o statement of net assets;
o statements
of assets and liabilities;
o statements of operation;
o statements of changes;
o statements
of cash flows;
o financial
highlights;
o notes
to financial statements;
o front and back cover, including Directors and Officers tables
as well as Liquidity Risk information;
o report of independent registered public accounting firm;
o tax
information; and
o additional
Fund information as mutually agreed in writing between BNY Mellon and a Fund.
· Unless mutually agreed
in writing between BNY Mellon and a Fund, solely with respect to typesetting services, BNY Mellon will
use the same layout and format for every successive reporting period for the typeset reports. At the
request of a Fund and upon the mutual written agreement of BNY Mellon and the Fund as to the scope of
any changes and additional compensation of BNY Mellon, BNY Mellon will, or will cause the Vendor to,
change the format or layout of reports from time to time.
· The provisions of this Typesetting Services section shall
become effective as of, and the services set forth in this Typesetting Services section (“Typesetting
Services”) shall commence effective as of, September 1, 2022 (the “Typesetting Effective
Date”), and unless otherwise terminated earlier in accordance with the terms and conditions of
the Agreement, shall continue for an initial term of two (2) years ending on August 31, 2024 (the “Initial
Typesetting Term”). Thereafter, the provisions of this Typesetting Services section and the Typesetting
services shall continue for successive one (1) year renewal terms (each a “Renewal Typesetting
Term”) unless either party provides written notice to the other party that this Typesetting Services
section and the Typesetting Services are not to be renewed, and such notice is received by the other
party no later than one hundred eighty (180) days prior to the end of the Initial Typesetting Term or
the applicable Renewal Typesetting Term, as applicable; provided,
376
however, that, for the avoidance of doubt, the term of this Typesetting Services
section and the Typesetting services shall automatically without any further action by either party terminate
upon the expiration or earlier termination of the Agreement or this Schedule of Services.
Money Market Fund Services
· For
each Fund requiring an intraday “floating” Net Asset Value, BNY Mellon shall calculate Net
Asset Value in the manner specified in the Fund’s Offering Materials at the following two (2) times
during a day the Fund is open for subscription and redemption activity; (i) 12:00 PM EST; and (ii) 4:00
PM EST inclusive of the daily distribution factor per share. During the applicable period of the calendar
year, daylight savings times will be substituted for the above times as appropriate. The parties acknowledge
the calculation of the intraday “floating” Net Asset Values are subject to the Fund’s
policies on as of transactions, NAV error correction, and such other policies that may impact the calculation
of a Fund’s Net Asset Value.
· BNY Mellon shall provide the following information in a mutually
agreed upon electronic format to support the website disclosure requirements of the Funds, subject to
BNY Mellon’s timely receipt of all necessary information related thereto that is not maintained
on the BNY Mellon systems. The Funds acknowledge that BNY Mellon is not responsible for the Funds’
website, for any servicing on the Funds’ website, or for uploading, downloading or maintaining
any information on or required to be on the Funds’ website.
o Date.
o Fund identifier.
o Share
class.
o Market
NAV (rounded to four (4) decimal places).
o Daily liquid assets.
o Weekly liquid assets.
o Shareholder
inflows and outflows.
· Assist
with the preparation and filing with the SEC of Form N-CR as requested by the Fund or Adviser.
· BNY
Mellon shall, or shall cause the Vendor, to: (i) prepare, on a monthly basis, Form N-MFP, subject to
BNY Mellon’s timely receipt of all necessary information related thereto that is not maintained
on the BNY Mellon systems; and (ii) file Form N-MFP with the SEC, on a monthly basis; and
· Prepare
and provide an electronic file of the portfolio holdings information required by Rule 2a-7(h)(10) to
the Fund or, at the Fund’s written direction, to an identified third party (the deliverables for
the above money market fund services collectively referred to as, the “Money Market Fund Services
Reports”).
· Neither
BNY Mellon nor the Vendor, in connection with a particular Money Market Fund Services Report, will prepare,
provide or generate any reports, forms or files not specifically agreed to by BNY Mellon in advance.
· The
applicable Fund acknowledges that it shall be responsible for the retention of any Money Market Fund
Services Reports in accordance with Rule 2a-7 promulgated under the 1940 Act or any other applicable
rule or regulation.
377
· Unless
mutually agreed in writing between BNY Mellon and a Fund, solely with respect to typesetting of the Money
Market Fund Services Reports, BNY Mellon will use the same layout and format for every successive reporting
period for the Money Market Fund Services Reports. At the request of a Fund and upon the mutual written
agreement of BNY Mellon and the Fund as to the scope of any changes and additional compensation of BNY
Mellon, BNY Mellon will, or will cause the Vendor to, customize Money Market Fund Services Reports from
time to time.
TAX SUPPORT SERVICES
BNY Mellon shall provide
the following tax support services for each Fund:
Provide various data and reports as agreed upon in the SLDs
to support TRP’s tax reporting and tax filing obligations, including:
· QDI reporting;
· DRD
reporting;
· PFIC
analysis;
· Straddle
analysis;
· Paydown
adjustments;
· Equalization
debit adjustments
· Tax
compliance under §851, §817(h);
· Foreign
bond sale analysis (§988);
· Troubled
debt analysis;
· Estimation
of income for excise tax purposes;
· Swap
analysis;
· Inflation
adjustments;
· §1256
adjustments;
· Market
discount analysis;
· OID
adjustments;
· CPDI
analysis;
· Shareholder
tax reporting information (e.g. FTC, UGG income, foreign source income by country, exempt income by state);
Provide
data, and reports based on such data, maintained by BNY Mellon on its fund accounting platform as reasonably
requested by TRP to support TRP’s obligations to comply with requests from tax authorities and
TRP’s tax reporting and tax filing obligations.
Assist with other tax-related data needs as mutually agreed
upon in writing from time-to-time.
BNY Mellon shall provide the following
tax support services solely to the Funds indicated in Amended Exhibit A:
Wash Sales
· Provide
various data and reports as agreed upon in the SLDs to support TRP’s tax reporting and tax filing
obligations.
Tax
Efficiency Services
· Provide
tax efficient automated tax lot relief functionality within the BNY Mellon accounting system that incorporates
wash sale activity and applies the tax lot relief methodology as instructed by TRP and/or the applicable
Fund for optimization.2
378
Tax Efficiency Services
are provided to the applicable Fund(s) solely in accordance with the methodology developed by such Fund
or its designee and such methodology is furnished to BNY Mellon in an Instruction. The provision of
Tax Efficiency Services shall not be construed as BNY Mellon providing investment or tax advice.
FUND
ADMINISTRATION SERVICES
BNY Mellon shall provide the following fund administration
services for each Fund, Series and class:
Calculate Fund approved income and per share amounts required
for periodic distributions to be made by the applicable Fund, Series or class;
Coordinate a Fund’s
annual audit and respond timely and completely to related requests;
Cooperate with each
Fund’s independent auditors;
Supply various normal and customary portfolio and Fund statistical
data as requested on an ongoing basis;
If the chief executive officer or chief financial officer
of a Fund is required to provide a certification as part of the Fund’s Form N-Q or Form N-CSR filing
pursuant to regulations promulgated by the SEC under Section 302 of the Sarbanes-Oxley Act of 2002, provide
a sub-certification in support of certain matters set forth in the aforementioned certification. Such
sub-certification is to be in such form and relating to such matters as reasonably agreed to by BNY Mellon
in advance. BNY Mellon shall be required to provide the sub-certification only during the term of this
Agreement with respect to the applicable Fund or Series and only if it receives such cooperation as it
may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification
is not itself a certification under the Sarbanes-Oxley Act of 2002 or under any other law, rule or regulation;
and
BNY Mellon shall provide the following fund administration
services to the Funds to support TRP’s fund administration obligations to the Funds:
With respect to such IRS-related testing as agreed between
TRP and BNY Mellon in writing from time to time, monitor a Fund’s compliance, on a post-trade basis,
with such tests, provided that BNY Mellon maintains in the normal course of its business the data necessary
to perform such testing. Notwithstanding anything to the contrary in Section 7 (Standard of Care; Limitations
of Liability; Indemnification) of the Agreement, BNY Mellon shall be liable for Liabilities sustained
or incurred in connection with the aforementioned service in an amount in the aggregate in each twelve
(12) month period no more than three (3) times the fees received by BNY Mellon for such aforementioned
service with respect to such twelve (12) month period. Note, this service is provided on a Fund-by-Fund
basis. For the avoidance of doubt, BNY Mellon shall not be responsible for any action or inaction with
respect to a Fund in connection with
379
the aforementioned Services prior to being instructed by TRP to commence and invoice
such Services with respect to such Fund.
2 Required “Wash
Sales “ as described herein.
380
REGULATORY
ADMINISTRATION SERVICES
BNY Mellon shall provide the following regulatory administration
services for each Fund and Series:
Assist the Fund in responding to SEC examination requests
by providing requested documents in the possession of BNY Mellon that are on the SEC examination request
list and by making employees responsible for providing services available to regulatory authorities having
jurisdiction over the performance of such services as may be required or reasonably requested by such
regulatory authorities;
Assist with and/or coordinate such other filings, notices
and regulatory matters and other due diligence requests or requests for proposal on such terms and conditions
as BNY Mellon and the applicable Fund on behalf of itself and its Series may mutually agree upon in writing
from time to time; and
38a-1
Compliance Support Services:
· Provide compliance policies and procedures related to services
provided by BNY Mellon and, if mutually agreed, certain of the BNY Mellon Affiliates; summary procedures
thereof; and periodic certification letters.
· Such Compliance Support Services are administrative in nature
and do not constitute, nor shall they be construed as constituting, legal advice or the provision of
legal services for or on behalf of a Fund or any other person, and such services are subject to review
and approval by the applicable Fund and by the Fund’s legal counsel.
· Provide access to Fund records so as to permit the Fund or
TRP to test the performance of BNY Mellon in providing the services under this Agreement.
· Such
Compliance Support Services performed by BNY Mellon under this Agreement shall be at the request and
direction of the Fund and/or its chief compliance officer (the “Fund’s CCO”), as applicable.
BNY Mellon disclaims liability to the Fund, and the Fund is solely responsible, for the selection, qualifications
and performance of the Fund’s CCO and the adequacy and effectiveness of the Fund’s compliance
program.
381
AMENDMENT
NO. 32
TO
Fund Accounting Agreement
This Amendment No. 32
(this “Amendment”) dated January 2, 2024 by and between each Fund listed on Exhibit A (each
a “Fund” or collectively the “Funds”) to the Fund Accounting Agreement (as defined
below), T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation having its principal office located at
100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”) and THE BANK OF NEW YORK MELLON, a
bank organized under the Laws of the State of New York, having its principal office located at 240 Greenwich
Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS, each Fund, TRP, and
BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015 (the “Fund
Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire
to amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
(p) DEFINITIONS
Capitalized terms used in this Amendment and not otherwise defined herein shall
have the meanings ascribed thereto in the Fund Accounting Agreement.
(q) AMENDED
EXHIBIT A
382
Exhibit A to the Fund Accounting Agreement is hereby amended by deleting Exhibit
A attached thereto and replacing it in its entirety with the new Exhibit A attached hereto as Attachment
A.
(r) EFFECT ON FUND ACCOUNTING
AGREEMENT
In the event of any inconsistency between the terms of this
Amendment and the Fund Accounting Agreement, the terms of this Amendment shall be controlling. Except
as specifically and only to the extent modified by this Amendment, all of the terms and provisions of
the Fund Accounting Agreement shall continue to remain in full force and effect.
(s) GOVERNING LAW
The laws of the State
of New York and the federal laws of the United States applicable therein shall govern, construe, and
enforce all of the rights, duties, and obligations arising out of or related in any manner to, the subject
matter of this Amendment, notwithstanding any conflict of laws principles.
(t) COUNTERPARTS/FACSIMILE
This
Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but
all of which taken together shall constitute one single agreement between the Parties. This Amendment
may also be executed and delivered by facsimile or email with confirmation of delivery and/or receipt.
383
IN
WITNESS WHEREOF, each Fund, TRP, and BNY Mellon have executed or caused this Amendment to be executed
as of the date and year first above written by its duly authorized representative.
| |
THE BANK OF NEW YORK MELLON |
By: /s/Sarah Fisher |
Name:
Sarah Fisher |
Title:
Senior Vice President |
Date:
January 4, 2024 |
| |
T. ROWE PRICE ASSOCIATES, INC. |
By:
/s/ Sara Pak |
Name:
Sara Pak |
Title:
Vice President |
Date:
January 2, 2024 |
| |
On behalf of
each Fund listed in Amended Exhibit A By: /s/ Fran Pollack-Matz |
Name: Fran Pollack-Matz |
Title: Vice President |
Date: January 2,
2024 |
384
ATTACHMENT
A
Amended
Exhibit A
| | | | | |
Mutual Fund Entity Name | Reference ID | Fund
Code | Entity Type |
‘40 Act Registered Funds | | | |
T. Rowe Price All-Cap Opportunities Fund, Inc.* | NAG | 7018 | Mutual
Fund - Parent |
T. Rowe Price Balanced Fund, Inc.* | BAL | 7047 | Mutual Fund - Parent |
T.
Rowe Price Blue Chip Growth Fund, Inc.* | BCG | 70A6 | Mutual Fund - Parent |
T.
Rowe Price Capital Appreciation Fund, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
Capital Appreciation Fund* | CAF | 7025 | Mutual
Fund - Series |
| | T. Rowe Price
Capital Appreciation and Income Fund* | CAFI | 70QS | Mutual Fund - Series |
T.
Rowe Price Communications & Technology Fund, Inc.* | MTF | 70A9 | Mutual Fund - Parent |
T.
Rowe Price Corporate Income Fund, Inc. | CIF | 70E6 | Mutual Fund - Parent |
T.
Rowe Price Credit Opportunities Fund, Inc. | CRO | 70E9 | Mutual Fund - Parent |
T.
Rowe Price Diversified Mid-Cap Growth Fund, Inc.* | DMG | 70Q7 | Mutual Fund - Parent |
T.
Rowe Price Dividend Growth Fund, Inc.* | DGF | 7081 | Mutual Fund - Parent |
T.
Rowe Price Equity Funds, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Hedged Equity Fund | HEF | 70QB | Mutual
Fund - Series |
| | T. Rowe Price
Institutional Large-Cap Core Growth Fund* | LCC | 70N7 | Mutual Fund - Series |
| | T. Rowe Price Large-Cap Growth Fund* | LCG | 70K2 | Mutual
Fund - Series |
| | T. Rowe Price
Large-Cap Value Fund* | LCV | 70H6 | Mutual
Fund - Series |
| | T. Rowe Price
Institutional Mid-Cap Equity Growth Fund* | MCE | 70F5 | Mutual Fund - Series |
| | T. Rowe Price Institutional Small-Cap Stock Fund* | SCI | 70H5 | Mutual
Fund - Series |
T. Rowe Price Equity Income Fund, Inc.* | EIF | 7019 | Mutual Fund - Parent |
T.
Rowe Price Equity Series, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price All-Cap Opportunities Portfolio* | NAP | 70D2 | Mutual
Fund - Series |
| | T. Rowe Price
Blue Chip Growth Portfolio* | BCP | 70J6 | Mutual
Fund - Series |
| | T. Rowe Price
Equity Income Portfolio* | EIP | 70D1 | Mutual
Fund - Series |
| | T. Rowe Price
Equity Index 500 Portfolio* | EXP | 70J7 | Mutual
Fund - Series |
| | T. Rowe Price
Health Sciences Portfolio* | HSP | 70J5 | Mutual
Fund - Series |
| | T. Rowe Price
Mid-Cap Growth Portfolio* | MGP | 70F9 | Mutual
Fund - Series |
| | T. Rowe Price
Moderate Allocation Portfolio* | PSP | 70E0 | Mutual Fund - Series |
385
| | | | | |
Mutual Fund Entity Name | Reference ID | Fund
Code | Entity Type |
T. Rowe Price Financial Services
Fund, Inc.* | FSF | 70F7 | Mutual
Fund - Parent |
T. Rowe Price Fixed Income Series, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
Limited-Term Bond Portfolio | LTP | 70D4 | Mutual
Fund - Series |
T. Rowe Price Floating Rate Fund, Inc. | FRI | 70BE | Mutual Fund - Parent |
T. Rowe Price Global Allocation
Fund, Inc.* | GAF | 70DX | Mutual Fund - Parent |
T. Rowe Price Global Funds, Inc. | | | Mutual
Fund - Parent |
| | T. Rowe Price
Institutional Emerging Markets Bond Fund | IEB | 70V0 | Mutual Fund - Series |
| | T. Rowe Price Institutional Emerging Markets
Equity Fund* | IEM | 70N6 | Mutual
Fund - Series |
| | T. Rowe Price
Global Value Equity Fund* | IGV | 70DF | Mutual
Fund - Series |
| | T. Rowe Price
Institutional International Disciplined Equity Fund* | ICE | 70AQ | Mutual Fund - Series |
T.
Rowe Price Global Multi-Sector Bond Fund, Inc. | SNF | 70AF | Mutual Fund - Parent |
T.
Rowe Price Global Real Estate Fund, Inc.* | GRE | 70AD | Mutual Fund - Parent |
T.
Rowe Price Global Technology Fund, Inc.* | GTF | 70I2 | Mutual Fund - Parent |
T.
Rowe Price GNMA Fund, Inc. | GMA | 7020 | Mutual
Fund - Parent |
T. Rowe Price Government Money
Fund, Inc. | PRF | 7005 | Mutual
Fund - Parent |
T. Rowe Price Growth Stock Fund, Inc.* | GSF | 7004 | Mutual Fund - Parent |
T.
Rowe Price Health Sciences Fund, Inc.* | HSF | 70F1 | Mutual Fund - Parent |
T.
Rowe Price High Yield Fund, Inc. | HYF | 7016 | Mutual Fund - Parent |
| | T. Rowe Price U.S. High Yield Fund | UHY | 70KA | Mutual
Fund - Series |
T. Rowe Price Index Trust, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
Equity Index 500 Fund* | EXF | 7041 | Mutual
Fund - Series |
| | T. Rowe Price
Extended Equity Market Index Fund* | XMX | 70G8 | Mutual Fund - Series |
| | T. Rowe Price Mid-Cap Index Fund* | MCX | 70HE | Mutual
Fund - Series |
| | T. Rowe Price
Small-Cap Index Fund* | SCX | 70HF | Mutual
Fund - Series |
| | T. Rowe Price
U.S. Limited Duration TIPS Index Fund | LDX | 70NZ | Mutual Fund - Series |
| | T. Rowe Price Total Equity Market Index Fund* | TMX | 70G9 | Mutual
Fund - Series |
T. Rowe Price Inflation Protected Bond Fund, Inc. | IPB | 70N5 | Mutual
Fund - Parent |
T. Rowe Price Institutional Income Funds, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
Institutional Floating Rate Fund | IFR | 70W0 | Mutual Fund - Series |
| | T. Rowe Price Institutional High Yield Fund | HYI | 70J2 | Mutual
Fund - Series |
| | T. Rowe Price
Institutional Long | LDC | 70DW | Mutual
Fund - Series |
386
| | | | | |
Mutual Fund Entity Name | Reference ID | Fund
Code | Entity Type |
| | Duration Credit Fund | | | |
T.
Rowe Price Integrated Equity Funds, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Integrated Global Equity Fund* | QGE | 70HM | Mutual
Fund - Series |
| | T. Rowe Price
Integrated U.S. Small-Cap Growth Equity Fund* | DSG | 70G4 | Mutual Fund - Series |
| | T. Rowe Price Integrated U.S. Small-Mid Cap Core
Equity Fund* | QSM | 70HL | Mutual
Fund - Series |
| | T. Rowe Price
Integrated U.S. Large-Cap Value Equity Fund* | QMV | 70HJ | Mutual Fund - Series |
T.
Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | ITF | 70FM | Mutual Fund - Parent |
T.
Rowe Price International Funds, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Africa & Middle East Fund* | AME | 70V6 | Mutual
Fund - Series |
| | T. Rowe Price
Asia Opportunities Fund* | AOF | 70FB | Mutual
Fund - Series |
| | T. Rowe Price
China Evolution Equity Fund* | CEE | 70LY | Mutual
Fund - Series |
| | T. Rowe Price
Dynamic Credit Fund | DCF | 70LD | Mutual
Fund - Series |
| | T. Rowe Price
Dynamic Global Bond Fund | GUN | 70GB | Mutual
Fund - Series |
| | T. Rowe Price
Emerging Europe Fund* | EEM | 70I1 | Mutual
Fund - Series |
| | T.
Rowe Price Emerging Markets Bond Fund | EMB | 70E3 | Mutual Fund
- Series |
| | T.
Rowe Price Emerging Markets Corporate Bond Fund | EMC | 70DB | Mutual Fund - Series |
| | T. Rowe Price Emerging Markets Discovery Stock Fund* | EMV | 70FY | Mutual
Fund - Series |
| | T. Rowe Price
Emerging Markets Local Currency Bond Fund | EML | 70BA | Mutual Fund - Series |
| | T. Rowe Price Emerging Markets Stock Fund* | EMS | 70E4 | Mutual
Fund - Series |
| | T. Rowe Price
European Stock Fund* | ESF | 7040 | Mutual
Fund - Series |
| | T. Rowe Price
Global Consumer Fund* | GCF | 70HQ | Mutual
Fund - Series |
| | T. Rowe Price
Global Growth Stock Fund* | GLE | 70AE | Mutual
Fund - Series |
| | T. Rowe Price
Global High Income Bond Fund | GHI | 70GD | Mutual
Fund - Series |
| | T. Rowe Price
Global Impact Equity Fund* | GPF | 70PR | Mutual
Fund - Series |
| | T. Rowe Price
Global Industrials Fund* | IND | 70E7 | Mutual
Fund - Series |
387
| | | | | |
Mutual Fund Entity Name | Reference ID | Fund
Code | Entity Type |
| | T. Rowe Price Global Stock Fund* | GLS | 70F2 | Mutual Fund - Series |
| | T. Rowe Price International Bond Fund | IBF | 7022 | Mutual
Fund - Series |
| | T. Rowe Price
International Bond Fund (USD Hedged) | IBH | 70JB | Mutual Fund - Series |
| | T. Rowe Price International Disciplined Equity
Fund* | ICN | 70FN | Mutual
Fund - Series |
| | T. Rowe Price
International Discovery Fund* | IDF | 7033 | Mutual Fund - Series |
| | T. Rowe Price International Stock Fund* | ISF | 7007 | Mutual
Fund - Series |
| | T. Rowe Price
International Value Equity Fund* | IGI | 70H1 | Mutual Fund - Series |
| | T. Rowe Price Japan Fund* | JAF | 7000 | Mutual Fund - Series |
| | T. Rowe Price Latin America Fund* | LAM | 70C5 | Mutual
Fund - Series |
| | T. Rowe Price
New Asia Fund* | NAS | 7045 | Mutual
Fund - Series |
| | T. Rowe Price
Overseas Stock Fund* | OSF | 70V1 | Mutual
Fund - Series |
T. Rowe Price International Index Fund, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
International Equity Index Fund* | IXF | 70J3 | Mutual Fund - Series |
T.
Rowe Price International Series, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price International Stock Portfolio* | ISP | 70C9 | Mutual
Fund - Series |
T. Rowe Price Limited Duration Inflation Focused Bond Fund,
Inc. | STI | 70U8 | Mutual
Fund - Parent |
T. Rowe Price Mid-Cap Growth Fund, Inc.* | MCG | 7057 | Mutual Fund - Parent |
T.
Rowe Price Mid-Cap Value Fund, Inc.* | MCV | 70F3 | Mutual Fund - Parent |
T.
Rowe Price Multi-Sector Account Portfolios, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
Emerging Markets Corporate Multi-Sector Account Portfolio | EBS | 70AX | Mutual Fund - Series |
| | T.
Rowe Price Emerging Markets Local Multi-Sector Account Portfolio | ELS | 70AW | Mutual Fund
- Series |
| | T.
Rowe Price Floating Rate Multi-Sector Account Portfolio | FRS | 70AV | Mutual Fund - Series |
| | T. Rowe Price High Yield Multi-Sector Account Portfolio | HYS | 70AY | Mutual
Fund - Series |
| | T. Rowe Price
Mortgage-Backed Securities Multi-Sector Account Portfolio | MBS | 70DA | Mutual Fund - Series |
T.
Rowe Price Multi-Strategy Total Return Fund, Inc.* | MSR | 70JD | Mutual Fund - Parent |
388
| | | | | |
Mutual Fund Entity Name | Reference ID | Fund
Code | Entity Type |
T. Rowe Price New Era Fund,
Inc.* | NEF | 7002 | Mutual
Fund - Parent |
T. Rowe Price New Horizons Fund, Inc.* | NHF | 7001 | Mutual Fund - Parent |
T.
Rowe Price New Income Fund, Inc. | NIF | 7003 | Mutual Fund - Parent |
T.
Rowe Price QM U.S. Bond Index Fund, Inc. | UBX | 70J1 | Mutual Fund - Parent |
T.
Rowe Price Real Assets Fund, Inc.* | RAF | 70AP | Mutual Fund - Parent |
T.
Rowe Price Real Estate Fund, Inc.* | REF | 70G7 | Mutual Fund - Parent |
T.
Rowe Price Reserve Investment Funds, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Government Reserve Fund | RES | 70G5 | Mutual
Fund - Series |
| | T. Rowe Price
Short-Term Fund | REI | 70CW | Mutual
Fund - Series |
| | T. Rowe Price
Transition Fund | TNF | 70PQ | Mutual
Fund - Series |
| | T. Rowe Price
Treasury Reserve Fund | GRS | 70G6 | Mutual
Fund - Series |
T. Rowe Price Science & Technology Fund, Inc.* | STF | 7030 | Mutual
Fund - Parent |
T. Rowe Price Short-Term Bond Fund, Inc. | STB | 7013 | Mutual Fund - Parent |
| | T. Rowe Price Short Duration Income Fund | SDI | 70NP | Mutual
Fund - Series |
| | T. Rowe Price
Ultra Short-Term Bond Fund | SBF | 70DH | Mutual
Fund - Series |
T. Rowe Price Small-Cap Stock Fund, Inc.* | SCS | 7031 | Mutual Fund - Parent |
T.
Rowe Price Small-Cap Value Fund, Inc.* | SCV | 7032 | Mutual Fund - Parent |
T.
Rowe Price Spectrum Funds II, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Spectrum Conservative Allocation
Fund* | PSI | 70D6 | Mutual
Fund - Series |
| | T. Rowe Price
Spectrum Moderate Allocation Fund* | PSB | 70D7 | Mutual Fund - Series |
| | T.
Rowe Price Spectrum Moderate Growth Allocation Fund* | PSG | 70D8 | Mutual Fund
- Series |
T. Rowe Price
State Tax-Free Funds, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price California Tax-Free Bond Fund | CAB | 7026 | Mutual Fund - Series |
| | T. Rowe Price Georgia Tax-Free Bond Fund | GAB | 7093 | Mutual
Fund - Series |
| | T. Rowe Price
Maryland Short-Term Tax-Free Bond Fund | MDS | 7079 | Mutual Fund - Series |
| | T. Rowe Price Maryland Tax-Free Bond Fund | MDB | 7029 | Mutual
Fund - Series |
| | T. Rowe Price
Maryland Tax-Free Money Fund | MDM | 70K0 | Mutual
Fund - Series |
| | T. Rowe Price
New Jersey Tax-Free Bond Fund | NJB | 7048 | Mutual Fund - Series |
| | T. Rowe Price New York Tax-Free Bond | NYB | 7023 | Mutual
Fund - Series |
389
| | | | | | | | | |
Mutual Fund Entity Name | Reference ID | Fund Code | Entity Type |
| | Fund | | | |
| | T. Rowe Price
Virginia Tax-Free Bond Fund | VAB | 7049 | Mutual Fund
- Series |
T. Rowe Price Summit Funds, Inc. | | | Mutual
Fund - Parent |
| | T. Rowe Price
Cash Reserves Fund | SCR | 70B5 | Mutual Fund
- Series |
T. Rowe Price Summit Municipal Funds, Inc. | | | Mutual
Fund - Parent |
| | T. Rowe Price
Summit Municipal Income Fund | SMI | 70B9 | Mutual Fund
- Series |
| | T. Rowe Price
Summit Municipal Intermediate Fund | SMT | 70B8 | Mutual Fund
- Series |
T. Rowe Price Tax-Efficient Funds, Inc. | | | Mutual
Fund - Parent |
| | T. Rowe Price
Tax-Efficient Equity Fund* | TMC | 70J4 | Mutual Fund
- Series |
T. Rowe Price Tax-Exempt Money Fund, Inc. | TEM | 7008 | Mutual Fund
- Parent |
T. Rowe Price Tax-Free High Yield Fund, Inc. | TFH | 7017 | Mutual Fund
- Parent |
T. Rowe Price Tax-Free Income Fund, Inc. | TFI | 7006 | Mutual Fund
- Parent |
T. Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS | 7012 | Mutual
Fund - Parent |
T. Rowe Price Total Return Fund, Inc. | TTF | 70HU | Mutual Fund
- Parent |
T. Rowe Price U.S. Equity Research Fund, Inc.* | COF | 70E1 | Mutual Fund
- Parent |
T. Rowe Price U.S. Large-Cap Core Fund, Inc.* | LCF | 70AH | Mutual Fund
- Parent |
T. Rowe Price U.S. Treasury Funds, Inc. | | | Mutual
Fund - Parent |
| | T. Rowe Price
U.S. Treasury Intermediate Index Fund | USI | 7036 | Mutual Fund
- Series |
| | T. Rowe Price
U.S. Treasury Long-Term Index Fund | USL | 7037 | Mutual Fund
- Series |
| | T. Rowe Price
U.S. Treasury Money Fund | UST | 7009 | Mutual Fund
- Series |
T. Rowe Price Value Fund, Inc.* | VAL | 70D9 | Mutual Fund
- Parent |
| | | | | | | |
'40 Act Registered Fund
of Funds | | | |
T.
Rowe Price Retirement Funds, Inc. | | | Mutual Fund
- Parent |
| | T. Rowe Price
Retirement 2005 Fund* | RPJ | 70Q8 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2010 Fund* | RPA | 70K4 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2015 Fund* | RPG | 70Q9 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2020 Fund* | RPB | 70K5 | Mutual Fund
- Series |
| | T.
Rowe Price Retirement 2025 Fund* | RPH | 70R0 | Mutual Fund
- Series |
| | T.
Rowe Price Retirement 2030 Fund* | RPC | 70K6 | Mutual Fund - Series |
| | T. Rowe Price Retirement 2035 Fund* | RPI | 70R1 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2040 Fund* | RPD | 70K7 | Mutual Fund
- Series |
| | T. Rowe Price
Retirement 2045 Fund* | RPK | 70R9 | Mutual Fund
- Series |
390
| | | | | |
Mutual Fund Entity Name | Reference ID | Fund
Code | Entity Type |
| | T. Rowe Price Retirement 2050 Fund* | RPL | 70V2 | Mutual Fund - Series |
| | T. Rowe Price Retirement 2055 Fund* | RPM | 70V3 | Mutual
Fund - Series |
| | T. Rowe Price
Retirement 2060 Fund* | RPN | 70FH | Mutual
Fund - Series |
| | T. Rowe Price
Retirement 2065 Fund* | RPO | 70NR | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Balanced Fund* | RPE | 70K9 | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2005 Fund* | RFA | 70PA | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2010 Fund* | RFB | 70PB | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2015 Fund* | RFC | 70PD | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2020 Fund* | RFD | 70PE | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2025 Fund* | RFE | 70PF | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2030 Fund* | RFF | 70PG | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2035 Fund* | RFG | 70PH | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2040 Fund* | RFH | 70PI | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2045 Fund* | RFJ | 70PJ | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2050 Fund* | RFK | 70PL | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2055 Fund* | RFM | 70PM | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2060 Fund* | RFN | 70PN | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Blend 2065 Fund* | RFO | 70PO | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Income 2020 Fund* | RIB | 70HZ | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Income 2025 Fund* | RIC | 70RB | Mutual
Fund - Series |
| | T. Rowe Price
Retirement I 2005 Fund—I Class* | RBI | 70GM | Mutual Fund - Series |
| | T. Rowe Price Retirement I 2010 Fund—I
Class* | RCI | 70GN | Mutual
Fund - Series |
| | T. Rowe Price
Retirement I 2015 Fund—I Class* | RDI | 70GO | Mutual Fund - Series |
| | T. Rowe Price Retirement I 2020 Fund—I
| RFI | 70GP | Mutual
Fund - Series |
391
| | | | | |
Mutual Fund Entity Name | Reference ID | Fund
Code | Entity Type |
| | Class* | | | |
| | T. Rowe Price Retirement I 2025 Fund—I
Class* | RGI | 70GQ | Mutual
Fund - Series |
| | T. Rowe Price
Retirement I 2030 Fund—I Class* | RHI | 70GR | Mutual Fund - Series |
| | T. Rowe Price Retirement I 2035 Fund—I
Class* | RII | 70GS | Mutual
Fund - Series |
| | T. Rowe Price
Retirement I 2040 Fund—I Class* | RJI | 70GU | Mutual Fund - Series |
| | T. Rowe Price Retirement I 2045 Fund—I
Class* | RKI | 70GV | Mutual
Fund - Series |
| | T. Rowe Price
Retirement I 2050 Fund—I Class* | RMI | 70GW | Mutual Fund - Series |
| | T. Rowe Price Retirement I 2055 Fund—I
Class* | RNI | 70GX | Mutual
Fund - Series |
| | T. Rowe Price
Retirement I 2060 Fund—I Class* | ROI | 70GY | Mutual Fund - Series |
| | T. Rowe Price Retirement I 2065 Fund—I
Class* | RRI | 70NS | Mutual
Fund - Series |
| | T. Rowe Price
Retirement Balanced I Fund—I Class* | RQI | 70GZ | Mutual Fund - Series |
| | T. Rowe Price Target 2005 Fund* | TRA | 70EA | Mutual Fund - Series |
| | T.
Rowe Price Target 2010 Fund* | TRB | 70EB | Mutual Fund - Series |
| | T. Rowe Price Target 2015 Fund* | TRC | 70ED | Mutual Fund - Series |
| | T. Rowe Price Target 2020 Fund* | TRD | 70EF | Mutual Fund - Series |
| | T. Rowe Price Target 2025 Fund* | TRE | 70EG | Mutual Fund - Series |
| | T. Rowe Price Target 2030 Fund* | TRG | 70EH | Mutual Fund - Series |
| | T. Rowe Price Target 2035 Fund* | TRH | 70EI | Mutual Fund - Series |
| | T. Rowe Price Target 2040 Fund* | TRJ | 70EJ | Mutual Fund - Series |
| | T. Rowe Price Target 2045 Fund* | TRL | 70EL | Mutual Fund - Series |
| | T. Rowe Price Target 2050 Fund* | TRM | 70EM | Mutual Fund - Series |
| | T. Rowe Price Target 2055 Fund* | TRN | 70EN | Mutual Fund - Series |
| | T. Rowe Price Target 2060 Fund* | TRO | 70FI | Mutual Fund - Series |
| | T. Rowe Price Target 2065 Fund* | TRQ | 70NU | Mutual Fund - Series |
T.
Rowe Price Spectrum Fund, Inc. | | | Mutual Fund - Parent |
| | T. Rowe Price Spectrum Diversified Equity Fund* | SPG | 7043 | Mutual
Fund - Series |
| | T. Rowe Price
Spectrum Income Fund* | SPI | 7044 | Mutual
Fund - Series |
| | T.
Rowe Price Spectrum International Equity Fund* | SPF | 70G1 | Mutual Fund
- Series |
*Indicates the applicable Fund is receiving both Wash Sales and Tax Efficiency
Services.
392
393
AMENDMENT
NO. 33
TO
Fund Accounting Agreement
This Amendment No. 33
(this “Amendment”) dated February 8, 2024 (provided that for clarity the terms of section
(b) and section (c) of this Amendment shall have an effective date of May 31, 2024) by and between each
Fund listed on Exhibit A (each a “Fund” or collectively the “Funds”) to the Fund
Accounting Agreement (as defined below), T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation having
its principal office located at 100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”) and
THE BANK OF NEW YORK MELLON, a bank organized under the Laws of the State of New York, having its principal
office located at 240 Greenwich Street, New York, New York 10286 (“BNY Mellon”).
WHEREAS,
each Fund, TRP, and BNY Mellon have entered into a Fund Accounting Agreement, dated as of August 1, 2015
(the “Fund Accounting Agreement”); and
WHEREAS, each Fund, TRP, and BNY Mellon desire
to amend the Fund Accounting Agreement to reflect certain changes as set forth in this Amendment.
NOW,
THEREFORE, in consideration for the mutual promises contained herein and other good and
valuable consideration, intending to be legally bound, each Fund, TRP, and BNY Mellon hereby agree as
follows:
(u) DEFINITIONS
Capitalized terms used in this Amendment and not otherwise defined herein shall
have the meanings ascribed thereto in the Fund Accounting Agreement.
394
(v) SCHEDULE OF SERVICES
The Fund Accounting Agreement is hereby amended by deleting Schedule I (Schedule
of Services) attached thereto and replacing it in its entirety with the new Schedule I (Schedule of Services)
attached hereto as Attachment A.
(w) COMPENSATION
The Fund Accounting
Agreement is hereby amended by deleting Schedule IV (Compensation) attached thereto and replacing it
in its entirety with the new Schedule IV (Compensation) attached hereto as Attachment B.
(x) EFFECT ON FUND ACCOUNTING
AGREEMENT
In the event of any inconsistency between the terms of this
Amendment and the Fund Accounting Agreement, the terms of this Amendment shall be controlling with respect
to the subject matter of this Amendment. Except as specifically and only to the extent modified by this
Amendment, all of the terms and provisions of the Fund Accounting Agreement shall continue to remain
in full force and effect.
(e) GOVERNING
LAW
The laws of the State of New York and the federal laws of
the United States applicable therein shall govern, construe, and enforce all of the rights, duties, and
obligations arising out of or related in any manner to, the subject matter of this Amendment, notwithstanding
any conflict of laws principles.
(f) COUNTERPARTS/FACSIMILE
This Amendment may be executed in any number of counterparts, each of which shall
be deemed an original, but all of which taken together shall constitute one single agreement between
the Parties.
395
This Amendment may also be executed and delivered by facsimile or email with confirmation
of delivery and/or receipt.
IN WITNESS WHEREOF, each Fund, TRP, and
BNY Mellon have executed or caused this Amendment to be executed as of the date and year first above
written by its duly authorized representative.
| |
THE BANK OF NEW YORK MELLON |
By:
/s/Sarah Fisher |
Name:
Sarah Fisher |
Title:
Senior Vice President |
|
| |
T.
ROWE PRICE ASSOCIATES, INC. |
By: /s/David Oestreicher |
Name: David Oestreicher |
Title: General Counsel |
| |
| |
On behalf of each Fund listed on Exhibit
A to the Fund Accounting Agreement By: /s/Fran Pollack-Matz |
Name: Fran Pollack-Matz |
Title: Secretary and Vice President of the Funds |
|
396
ATTACHMENT
A
AMENDED
SCHEDULE I
Schedule
of Services
All services provided in this Schedule of Services are subject
to the review and approval of the appropriate Fund officers, Fund counsel and accountants of each Fund,
as may be applicable. The services included on this Schedule of Services may be provided by BNY Mellon
or a BNY Mellon Affiliate, collectively referred to herein as “BNY Mellon”. Additionally,
the services provided shall comply with generally accepted accounting principles, regulatory requirements
and/or such TRP policies and Instructions as applicable.
VALUATION SUPPORT AND COMPUTATION ACCOUNTING
SERVICES
BNY Mellon shall provide the following valuation support and computation accounting
services for each Fund:
Journalize
investment, capital share and income and expense activities;
Maintain individual ledgers for investment securities;
Maintain
historical tax lots for each security;
Corporate action processing as more fully set forth in the
SLDs;
Reconcile
cash and investment balances of each Fund with the Fund’s custodian or other counterparties as
applicable;
Provide
a Fund’s investment adviser, as applicable, with the cash balance available for investment purposes
at start-of-day and upon request, as agreed by the parties;
Calculate capital gains and losses;
Calculate daily distribution
rate per share;
Determine
net income;
Obtain
security market quotes and currency exchange rates from pricing services approved by a Fund’s investment
adviser, or if such quotes are unavailable, then obtain such prices from the Fund’s investment
adviser, and in either case, calculate the market value of each Fund’s investments in accordance
with the Fund's valuation policies or guidelines; provided, however, that BNY Mellon shall not under
any circumstances be under a duty to independently price or value any of the Fund's investments, including
securities lending related cash collateral investments (with the exception of the services provided hereunder
to Funds utilized for such cash collateral investments), itself or to confirm or validate any information
or valuation provided by the investment adviser or any other pricing source, nor shall BNY Mellon have
any liability relating to inaccuracies or otherwise with respect to such information or valuations; notwithstanding
the foregoing, BNY Mellon shall follow the established procedures and controls to identify exceptions,
tolerance breaches, etc. and to research and resolve or escalate any pricing inaccuracies;
397
Application
of the established automated price validation rules against prices received from third party vendors
and review of exceptions as identified;
Calculate Net Asset Value in the manner specified in the Fund’s
Offering Materials (which, for the service described herein, shall include the Fund’s Net Asset
Value error policy);
Calculate
Accumulated Unit Values (“AUV”) for select funds as mutually agreed upon between the parties;
Transmit
or make available a copy of the daily portfolio valuation to a Fund’s investment adviser;
Calculate
yields, portfolio dollar-weighted average maturity and dollar-weighted average life as applicable; and
Calculate
portfolio turnover rate for inclusion in the annual and semi-annual shareholder reports.
For
money market funds, obtain security market quotes and calculate the market-value Net Asset Value in
accordance with the Fund’s valuation policies and guidelines at such times and frequencies as required
by regulation and/or instruction from TRP.
FINANCIAL REPORTING;
TYPESETTING SERVICES; MONEY MARKET FUND SERVICES
BNY Mellon shall provide
the following financial reporting services for each Fund:
Financial Statement Preparation & Review
· Prepare
the Fund’s respective class level annual and semi-annual shareholder reports with respect to a
Fund registered on Form N-1A1 for shareholder delivery, inclusion in
Form N-CSR including tagging disclosures in Inline eXtensible Business Reporting Language and webhosting;
· Prepare
the Fund’s annual and semi-annual shareholder reports with respect to a Fund not registered on
Form N-1A2 for shareholder delivery and inclusion in Form N-CSR;
· Prepare
the Fund’s schedule of investments, financial statements, financial highlights and other detailed
information2 for inclusion in Form N-CSR;
· Prepare the Fund’s
quarterly schedule of portfolio holdings2 for inclusion in Form N-PORT;
· Prepare,
circulate and maintain the Fund’s financial reporting production calendar and track status of reporting
cycles;
and
· Prepare and coordinate
the filing of the Fund’s monthly website files and Form N-MFP, as applicable to money market funds.
Typesetting
Services (applicable to footnote 1 and the related services stated above)
· Create financial compositions
for the applicable financial report and related EDGAR files;
_____________________
398
1 Requires applicable
“Typesetting Services” as described herein.
2
Requires
applicable “Typesetting Services as described herein.
399
· Document
publishing, including the output of print-ready PDF files and EDGAR html files;
· Maintain country codes,
industry class codes, security class codes and state codes;
· Create components that will specify the proper grouping and
sorting for display of portfolio information;
· Create components that will specify the proper calculation
and display of financial data required for each applicable financial report (except for identified manual
entries, which BNY Mellon will enter);
· Process, convert and load security and general ledger data;
· Generate
financial reports using the Vendor’s capabilities which may include the following:
o identifying
information at the beginning of the shareholder report;
o class expense example;
o Management Discussion
of Fund Performance (semi-annual shareholder report at Fund option);
o key Fund statistics
including total advisory fees paid by the Fund, portfolio turnover rate, net assets and number of holdings;
o graphical
representation of holdings;
o material Fund changes (if applicable) (semi-annual shareholder
report at Fund option);
o changes in and disagreements with accountants in summary form
(if applicable);
o statement
regarding the availability of certain additional information; and
o additional Fund information
as mutually agreed in writing between BNY Mellon and a Fund.
· Unless mutually agreed in writing between BNY Mellon and a
Fund, solely with respect to typesetting services, BNY Mellon will use the same layout and format for
every successive reporting period for the typeset reports. At the request of a Fund and upon the mutual
written agreement of BNY Mellon and the Fund as to the scope of any changes and additional compensation
of BNY Mellon, BNY Mellon will, or will cause the Vendor to, change the format or layout of reports from
time to time.
· The
provisions of this Typesetting Services section and the services set forth in this Typesetting Services
section (“Typesetting Services”), unless otherwise terminated earlier in accordance with
the terms and conditions of the Agreement, shall continue until August 31, 2024 (the “Initial Typesetting
Term”). Thereafter, the provisions of this Typesetting Services section and the Typesetting Services
shall continue for successive one (1) year renewal terms (each a “Renewal Typesetting Term”)
unless either party provides written notice to the other party that this
400
Typesetting Services section and the Typesetting Services are not to be renewed,
and such notice is received by the other partyno later than one hundred eighty (180) days prior to the
end of the Initial Typesetting Term or the applicable Renewal Typesetting Term, as applicable. For the
avoidance of doubt, the term of this Typesetting Services section and the Typesetting Services shall
automatically without any further action by either party terminate upon the expiration or earlier termination
of the Agreement or this Schedule of Services.
Typesetting Services (applicable to footnote 2 and the related
services stated above)
· Create
financial compositions for the applicable financial report and related EDGAR files;
· Document publishing,
including the output of print-ready PDF files and EDGAR html files. This includes providing Financial
Highlights tables for inclusion in prospectus filings;
· Maintain country codes, industry class codes, security class
codes and state codes;
· Map
individual general ledger accounts into master accounts to be displayed in the applicable financial reports;
· Create
components that will specify the proper grouping and sorting for display of portfolio information;
· Create
components that will specify the proper calculation and display of financial data required for each applicable
financial report (except for identified manual entries, which BNY Mellon will enter);
· Process, convert and
load security and general ledger data;
· Generate financial reports using the Vendor’s capabilities
which may include the following:
o table of contents;
o highlights and market
commentary;
o management’s
discussion of fund performance, commentary including related charts and graphs;
o disclosure of Fund performance
and expenses, including related charts and graphs;
o schedules of investments;
o statement of net assets;
o statements
of assets and liabilities;
o statements of operation;
o statements of changes;
o statements
of cash flows;
o financial
highlights;
o notes
to financial statements;
o front and back cover, including Directors and Officers tables
as well as Liquidity Risk information;
401
o report
of independent registered public accounting firm;
o tax information; and
o additional Fund information
as mutually agreed in writing between BNY Mellon and a Fund.
· Unless mutually agreed in writing between BNY Mellon and a
Fund, solely with respect to typesetting services, BNY Mellon will use the same layout and format for
every successive reporting period for the typeset reports. At the request of a Fund and upon the mutual
written agreement of BNY Mellon and the Fund as to the scope of any changes and additional compensation
of BNY Mellon, BNY Mellon will, or will cause the Vendor to, change the format or layout of reports from
time to time.
· The
provisions of this Typesetting Services section and the services set forth in this Typesetting Services
section (“Typesetting Services”), unless otherwise terminated earlier in accordance with
the terms and conditions of the Agreement, shall continue until August 31, 2024 (the “Initial Typesetting
Term”). Thereafter, the provisions of this Typesetting Services section and the Typesetting Services
shall continue for successive one (1) year renewal terms (each a “Renewal Typesetting Term”)
unless either party provides written notice to the other party that this Typesetting Services section
and the Typesetting Services are not to be renewed, and such notice is received by the other party no
later than one hundred eighty (180) days prior to the end of the Initial Typesetting Term or the applicable
Renewal Typesetting Term, as applicable; provided, however, that, for the avoidance of doubt, the term
of this Typesetting Services section and the Typesetting Services shall automatically without any further
action by either party terminate upon the expiration or earlier termination of the Agreement or this
Schedule of Services.
Money
Market Fund Services
· For
each Fund requiring an intraday “floating” Net Asset Value, BNY Mellon shall calculate Net
Asset Value in the manner specified in the Fund’s Offering Materials at the following two (2) times
during a day the Fund is open for subscription and redemption activity; (i) 12:00 PM EST; and (ii) 4:00
PM EST inclusive of the daily distribution factor per share. During the applicable period of the calendar
year, daylight savings times will be substituted for the above times as appropriate. The parties acknowledge
the calculation of the intraday “floating” Net Asset Values are subject to the Fund’s
policies on as of transactions, NAV error correction, and such other policies that may impact the calculation
of a Fund’s Net Asset Value.
· BNY
Mellon shall provide the following information in a mutually agreed upon electronic format to support
the website disclosure requirements of the Funds, subject to BNY Mellon’s timely receipt of all
necessary information
402
related thereto that is not maintained on the BNY Mellon systems. The Funds acknowledge
that BNY Mellon is not responsible for the Funds’ website, for any servicing on the Funds’
website, or for uploading, downloading or maintaining any information on or required to be on the Funds’
website.
o Date.
o Fund
identifier.
o Share
class.
o Market
NAV (rounded to four (4) decimal places).
o Daily liquid assets.
o Weekly liquid assets.
o Shareholder
inflows and outflows.
· Assist
with the preparation and filing with the SEC of Form N-CR as requested by the Fund or Adviser.
· BNY
Mellon shall, or shall cause the Vendor, to: (i) prepare, on a monthly basis, Form N-MFP, subject to
BNY Mellon’s timely receipt of all necessary information related thereto that is not maintained
on the BNY Mellon systems; and (ii) file Form N-MFP with the SEC, on a monthly basis; and
· Prepare
and provide an electronic file of the portfolio holdings information required by Rule 2a-7(h)(10) to
the Fund or, at the Fund’s written direction, to an identified third party (the deliverables for
the above money market fund services collectively referred to as, the “Money Market Fund Services
Reports”).
· Neither
BNY Mellon nor the Vendor, in connection with a particular Money Market Fund Services Report, will prepare,
provide or generate any reports, forms or files not specifically agreed to by BNY Mellon in advance.
· The
applicable Fund acknowledges that it shall be responsible for the retention of any Money Market Fund
Services Reports in accordance with Rule 2a-7 promulgated under the 1940 Act or any other applicable
rule or regulation.
· Unless
mutually agreed in writing between BNY Mellon and a Fund, solely with respect to typesetting of the Money
Market Fund Services Reports, BNY Mellon will use the same layout and format for every successive reporting
period for the Money Market Fund Services Reports. At the request of a Fund and upon the mutual written
agreement of BNY Mellon and the Fund as to the scope of any changes and additional compensation of BNY
Mellon, BNY Mellon will, or will cause the Vendor to, customize Money Market Fund Services Reports from
time to time.
403
TAX
SUPPORT SERVICES
BNY Mellon shall provide
the following tax support services for each Fund:
Provide various data and reports as agreed upon in the SLDs
to support TRP’s tax reporting and tax filing obligations, including:
· QDI reporting;
· DRD
reporting;
· PFIC
analysis;
· Straddle
analysis;
· Paydown
adjustments;
· Equalization
debit adjustments
· Tax
compliance under §851, §817(h);
· Foreign bond sale analysis (§988);
· Troubled debt analysis;
· Estimation
of income for excise tax purposes;
· Swap analysis;
· Inflation adjustments;
· §1256 adjustments;
· Market
discount analysis;
· OID
adjustments;
· CPDI
analysis;
· Shareholder
tax reporting information (e.g., FTC, UGG income, foreign source income by country, exempt income by
state);
Provide
data, and reports based on such data, maintained by BNY Mellon on its fund accounting platform as reasonably
requested by TRP to support TRP’s obligations to comply with requests from tax authorities
and TRP’s
tax reporting and tax filing obligations.
Assist with other tax-related data needs as mutually agreed
upon in writing from time-to-time.
BNY Mellon shall provide the following
tax support services solely to the Funds indicated in Amended Exhibit A:
Wash Sales
· Provide
various data and reports as agreed upon in the SLDs to support TRP’s tax reporting and tax filing
obligations.
Tax
Efficiency Services
· Provide
tax efficient automated tax lot relief functionality within the BNY Mellon accounting system that incorporates
wash sale activity and applies the tax lot relief methodology as instructed by TRP and/or the applicable
Fund for optimization. 2.
2 Requires applicable “Typesetting
Services as described herein.
404
Tax Efficiency Services
are provided to the applicable Fund(s) solely in accordance with the methodology developed by such Fund
or its designee and such methodology is furnished to BNY Mellon in an Instruction. The provision of
Tax Efficiency Services shall not be construed as BNY Mellon providing investment or tax advice.
FUND
ADMINISTRATION SERVICES
BNY Mellon shall provide the following fund administration
services for each Fund, Series and class:
Calculate Fund approved income and per share amounts required
for periodic distributions to be made by the applicable Fund, Series or class;
Coordinate a Fund’s
annual audit and respond timely and completely to related requests;
Cooperate with each
Fund’s independent auditors;
Supply various normal and customary portfolio and Fund statistical
data as requested on an ongoing basis;
If the chief executive officer or chief financial officer
of a Fund is required to provide a certification as part of the Fund’s Form N-CSR filing pursuant
to regulations promulgated by the SEC under Section 302 of the Sarbanes-Oxley Act of 2002 or as part
of such other SEC filing as agreed between BNY Mellon and the Fund, provide a sub-certification in support
of certain matters set forth in the aforementioned certification. Such sub-certification is to be in
such form and relating to such matters as reasonably agreed to by BNY Mellon in advance. BNY Mellon
shall be required to provide the sub-certification only during the term of this Agreement with respect
to the applicable Fund or Series and only if it receives such cooperation as it may request to perform
its investigations with respect to the sub-certification. For clarity, the sub-certification is not
itself a certification under the Sarbanes-Oxley Act of 2002 or under any other law, rule or regulation;
and
BNY Mellon shall provide the following fund administration
services to the Funds to support TRP’s fund administration obligations to the Funds:
With respect to such
IRS-related testing as agreed between TRP and BNY Mellon in writing from time to time, monitor a Fund’s
compliance, on a post-trade basis, with such tests, provided that BNY Mellon maintains in the normal
course of its business the data necessary to perform such testing. Notwithstanding
405
anything to the contrary in Section 7 (Standard of Care; Limitations of Liability;
Indemnification) of the Agreement, BNY Mellon shall be liable for Liabilities sustained or incurred in
connection with the aforementioned service in an amount in the aggregate in each twelve (12) month period
no more than three (3) times the fees received by BNY Mellon for such aforementioned service with respect
to such twelve (12) month period. Note, this service is provided on a Fund-by-Fund basis. For the avoidance
of doubt, BNY Mellon shall not be responsible for any action or inaction with respect to a Fund in connection
with the aforementioned Services prior to being instructed by TRP to commence and invoice such Services
with respect to such Fund.
REGULATORY ADMINISTRATION SERVICES
BNY Mellon shall provide
the following regulatory administration services for each Fund and Series:
Assist the Fund in responding
to SEC examination requests by providing requested documents in the possession of BNY Mellon that are
on the SEC examination request list and by making employees responsible for providing services available
to regulatory authorities having jurisdiction over the performance of such services as may be required
or reasonably requested by such regulatory authorities;
Assist with and/or coordinate such other filings, notices
and regulatory matters and other due diligence requests or requests for proposal on such terms and conditions
as BNY Mellon and the applicable Fund on behalf of itself and its Series may mutually agree upon in writing
from time to time; and
38a-1
Compliance Support Services:
· Provide compliance policies and procedures related to services
provided by BNY Mellon and, if mutually agreed, certain of the BNY Mellon Affiliates; summary procedures
thereof; and periodic certification letters.
· Such Compliance Support Services are administrative in nature
and do not constitute, nor shall they be construed as constituting, legal advice or the provision of
legal services for or on behalf of a Fund or any other person, and such services are subject to review
and approval by the applicable Fund and by the Fund’s legal counsel.
· Provide access to Fund
records so as to permit the Fund or TRP to test the performance of BNY Mellon in providing the services
under this Agreement.
· Such
Compliance Support Services performed by BNY Mellon under this Agreement shall be at the request and
direction of the Fund and/or its chief compliance officer (the “Fund’s CCO”), as applicable.
BNY Mellon disclaims liability to the Fund, and the Fund is solely responsible, for the selection, qualifications
and performance of the Fund’s CCO and the adequacy
406
· and
effectiveness of the Fund’s compliance program.
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