0000795384-20-000013.txt : 20200303 0000795384-20-000013.hdr.sgml : 20200303 20200302193115 ACCESSION NUMBER: 0000795384-20-000013 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200303 DATE AS OF CHANGE: 20200302 EFFECTIVENESS DATE: 20200303 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price Floating Rate Fund, Inc. CENTRAL INDEX KEY: 0001520245 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-174605 FILM NUMBER: 20679330 BUSINESS ADDRESS: STREET 1: 100 EAST BALTIMORE STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-2000 MAIL ADDRESS: STREET 1: 100 EAST BALTIMORE STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price Growth Stock Fund, Inc. CENTRAL INDEX KEY: 0000080257 IRS NUMBER: 520655816 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-10780 FILM NUMBER: 20679315 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-2000 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE GROWTH STOCK FUND INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price Small-Cap Stock Fund, Inc. CENTRAL INDEX KEY: 0000075170 IRS NUMBER: 231622210 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-12171 FILM NUMBER: 20679329 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STRET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-2000 MAIL ADDRESS: STREET 1: 100 EAST PRATT STRET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE SMALL CAP STOCK FUND INC DATE OF NAME CHANGE: 19980513 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE OTC FUND INC DATE OF NAME CHANGE: 19930210 FORMER COMPANY: FORMER CONFORMED NAME: OVER THE COUNTER SECURITIES GROUP INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price New Horizons Fund, Inc. CENTRAL INDEX KEY: 0000080248 IRS NUMBER: 520791372 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-18099 FILM NUMBER: 20679321 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-2000 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE NEW HORIZONS FUND INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price New Income Fund, Inc. CENTRAL INDEX KEY: 0000080249 IRS NUMBER: 520980581 STATE OF INCORPORATION: MD FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-48848 FILM NUMBER: 20679322 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-2000 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE NEW INCOME FUND INC DATE OF NAME CHANGE: 19940727 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price International Funds, Inc. CENTRAL INDEX KEY: 0000313212 IRS NUMBER: 521175211 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-65539 FILM NUMBER: 20679328 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-2000 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE INTERNATIONAL FUNDS INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE INTERNATIONAL TRUST DATE OF NAME CHANGE: 19900301 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE INTERNATIONAL FUND INC DATE OF NAME CHANGE: 19890914 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price High Yield Fund, Inc. CENTRAL INDEX KEY: 0000754915 IRS NUMBER: 521371712 STATE OF INCORPORATION: MD FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-93707 FILM NUMBER: 20679316 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-2000 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE HIGH YIELD FUND INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price U.S. Treasury Funds, Inc. CENTRAL INDEX KEY: 0000853437 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-30531 FILM NUMBER: 20679325 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-2000 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE U S TREASURY FUNDS INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price Index Trust, Inc. CENTRAL INDEX KEY: 0000858581 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-32859 FILM NUMBER: 20679317 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-2000 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE INDEX TRUST INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE INSTITUTIONAL EQUITY FUNDS INC DATE OF NAME CHANGE: 19900227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price Mid-Cap Growth Fund, Inc. CENTRAL INDEX KEY: 0000887147 IRS NUMBER: 521784828 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-47806 FILM NUMBER: 20679319 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-2000 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE MID CAP GROWTH FUND INC DATE OF NAME CHANGE: 19920717 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price Value Fund, Inc. CENTRAL INDEX KEY: 0000927845 IRS NUMBER: 521892646 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-54963 FILM NUMBER: 20679326 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-2000 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE VALUE FUND INC DATE OF NAME CHANGE: 19940803 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price Mid-Cap Value Fund, Inc. CENTRAL INDEX KEY: 0001012678 IRS NUMBER: 521977812 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-02993 FILM NUMBER: 20679320 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-2000 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE MID CAP VALUE FUND INC DATE OF NAME CHANGE: 19960425 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price Limited-Duration Inflation Focused Bond Fund, Inc. CENTRAL INDEX KEY: 0001368135 IRS NUMBER: 510593985 FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-136805 FILM NUMBER: 20679318 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-2000 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: T. Rowe Price Inflation Focused Bond Fund, Inc. DATE OF NAME CHANGE: 20100706 FORMER COMPANY: FORMER CONFORMED NAME: T. Rowe Price Short-Term Income Fund, Inc. DATE OF NAME CHANGE: 20060629 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price U.S. Large-Cap Core Fund, Inc. CENTRAL INDEX KEY: 0001462712 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-158764 FILM NUMBER: 20679324 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-2000 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price Real Assets Fund, Inc. CENTRAL INDEX KEY: 0001486048 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-166395 FILM NUMBER: 20679323 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-4981 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price Institutional Income Funds, Inc. CENTRAL INDEX KEY: 0001169187 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-84634 FILM NUMBER: 20679327 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-2000 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: T ROWE PRICE INSTITUTIONAL INCOME FUNDS INC DATE OF NAME CHANGE: 20020314 0000075170 S000002120 T. Rowe Price Small-Cap Stock Fund, Inc. C000005508 T. Rowe Price Small-Cap Stock Fund, Inc. OTCFX C000005509 T. Rowe Price Small-Cap Stock Fund-Advisor Class PASSX C000159682 T. Rowe Price Small-Cap Stock Fund-I Class OTIIX C000219319 T. Rowe Price Small-Cap Stock Fund-Z Class 0000080248 S000002106 T. Rowe Price New Horizons Fund, Inc. C000005478 T. Rowe Price New Horizons Fund, Inc. PRNHX C000159684 T. Rowe Price New Horizons Fund-I Class PRJIX C000219323 T. Rowe Price New Horizon Fund-Z Class 0000080249 S000002136 T. Rowe Price New Income Fund, Inc. C000005529 T. Rowe Price New Income Fund, Inc. PRCIX C000005530 T. Rowe Price New Income Fund-Advisor Class PANIX C000005531 T. Rowe Price New Income Fund-R Class RRNIX C000159679 T. Rowe Price New Income Fund-I Class PRXEX C000219349 T. Rowe Price New Income Fund-Z Class 0000080257 S000002087 T. Rowe Price Growth Stock Fund, Inc. C000005453 T. Rowe Price Growth Stock Fund, Inc. PRGFX C000005454 T. Rowe Price Growth Stock Fund-Advisor Class TRSAX C000005455 T. Rowe Price Growth Stock Fund-R Class RRGSX C000159680 T. Rowe Price Growth Stock Fund-I Class PRUFX C000219315 T. Rowe Price Growth Stock Fund-Z Class 0000313212 S000001489 T. Rowe Price International Bond Fund C000004007 T. Rowe Price International Bond Fund RPIBX C000004008 T. Rowe Price International Bond Fund-Advisor Class PAIBX C000159126 T. Rowe Price International Bond Fund-I Class RPISX C000219335 T. Rowe Price International Bond Fund-Z Class 0000313212 S000001490 T. Rowe Price Emerging Markets Bond Fund C000004009 T. Rowe Price Emerging Markets Bond Fund PREMX C000159127 T. Rowe Price Emerging Markets Bond Fund-Advisor Class PAIKX C000159128 T. Rowe Price Emerging Markets Bond Fund-I Class PRXIX C000219336 T. Rowe Price Emerging Markets Bond Fund-Z Class 0000313212 S000047983 T. Rowe Price Dynamic Global Bond Fund C000151117 T. Rowe Price Dynamic Global Bond Fund RPIEX C000151118 T. Rowe Price Dynamic Global Bond Fund-Advisor Class PAIEX C000159134 T. Rowe Price Dynamic Global Bond Fund-I Class RPEIX C000219340 T. Rowe Price Dynamic Global Bond Fund-Z Class 0000754915 S000002132 T. Rowe Price High Yield Fund, Inc. C000005524 T. Rowe Price High Yield Fund, Inc. PRHYX C000005525 T. Rowe Price High Yield Fund-Advisor Class PAHIX C000159675 T. Rowe Price High Yield Fund-I Class PRHIX C000219342 T. Rowe Price High Yield Fund-Z Class 0000853437 S000002168 U.S. Treasury Long-Term Fund C000005565 U.S. Treasury Long-Term Fund PRULX C000190631 U.S. Treasury Long-Term Fund- I Class PRUUX C000219345 U.S. Treasury Long-Term Fund-Z Class 0000853437 S000002169 U.S. Treasury Money Fund C000005566 U.S. Treasury Money Fund PRTXX C000190632 U.S. Treasury Money Fund- I Class TRGXX C000219346 U.S. Treasury Money Fund-Z Class 0000858581 S000002089 T. Rowe Price Equity Index 500 Fund C000005457 T. Rowe Price Equity Index 500 Fund PREIX C000159677 T. Rowe Price Equity Index 500 Fund-I Class PRUIX C000219327 T. Rowe Price Equity Index 500 Fund-Z Class 0000858581 S000051326 T. Rowe Price Mid-Cap Index Fund C000161835 T. Rowe Price Mid-Cap Index Fund C000161836 T. Rowe Price Mid-Cap Index Fund-I Class C000219328 T. Rowe Price Mid-Cap Index Fund-Z Class 0000858581 S000051327 T. Rowe Price Small-Cap Index Fund C000161837 T. Rowe Price Small-Cap Index Fund C000161838 T. Rowe Price Small-Cap Index Fund-I Class C000219329 T. Rowe Price Small-Cap Index Fund-Z Class 0000887147 S000002102 T. Rowe Price Mid-Cap Growth Fund, Inc. C000005470 T. Rowe Price Mid-Cap Growth Fund, Inc. RPMGX C000005471 T. Rowe Price Mid-Cap Growth Fund-Advisor Class PAMCX C000005472 T. Rowe Price Mid-Cap Growth Fund-R Class RRMGX C000159676 T. Rowe Price Mid-Cap Growth Fund-I Class RPTIX C000219320 T. Rowe Price Mid-Cap Growth Fund-Z Class 0000927845 S000002125 T. Rowe Price Value Fund, Inc. C000005515 T. Rowe Price Value Fund, Inc. TRVLX C000005516 T. Rowe Price Value Fund-Advisor Class PAVLX C000159681 T. Rowe Price Value Fund-I Class TRPIX C000219322 T. Rowe Price Value Fund-Z Class 0001012678 S000002103 T. Rowe Price Mid-Cap Value Fund, Inc. C000005473 T. Rowe Price Mid-Cap Value Fund, Inc. TRMCX C000005474 T. Rowe Price Mid-Cap Value Fund-Advisor Class TAMVX C000005475 T. Rowe Price Mid-Cap Value Fund-R Class RRMVX C000159685 T. Rowe Price Mid-Cap Value Fund-I Class TRMIX C000219316 T. Rowe Price Mid-Cap Value Fund-Z Class 0001169187 S000002134 T. Rowe Price Institutional High Yield Fund C000005527 T. Rowe Price Institutional High Yield Fund TRHYX C000219331 T. Rowe Price Institutional High Yield Fund-Z Class 0001169187 S000020717 T. Rowe Price Institutional Floating Rate Fund C000057839 T. Rowe Price Institutional Floating Rate Fund RPIFX C000092115 T. Rowe Price Institutional Floating Rate Fund-F Class PFFRX C000219332 T. Rowe Price Institutional Floating Rate Fund-Z Class 0001368135 S000013369 T. Rowe Price Limited Duration Inflation Focused Bond Fund, Inc. C000036131 T. Rowe Price Limited Duration Inflation Focused Bond Fund, Inc. TRBFX C000161061 T. Rowe Price Limited Duration Inflation Focused Bond Fund-I Class TRLDX C000219321 T. Rowe Price Limited-Duration Inflation Focused Bond Fund-Z Class 0001462712 S000026126 T. Rowe Price U.S. Large-Cap Core Fund, Inc. C000078270 T. Rowe Price U.S. Large-Cap Core Fund, Inc. TRULX C000078271 T. Rowe Price U.S. Large-Cap Core Fund-Advisor Class PAULX C000177203 T. Rowe Price U.S. Large-Cap Core Fund-I Class RCLIX C000219317 T. Rowe Price U.S. Large-Cap Core Fund-Z Class 0001486048 S000029428 T. Rowe Price Real Assets Fund, Inc. C000090373 T. Rowe Price Real Assets Fund, Inc. PRAFX C000159678 T. Rowe Price Real Assets Fund-I Class PRIKX C000219347 T. Rowe Price Real Assets Funds-Z Class 0001520245 S000033565 T. Rowe Price Floating Rate Fund, Inc. C000103068 T. Rowe Price Floating Rate Fund, Inc. PRFRX C000103069 T. Rowe Price Floating Rate Fund-Advisor Class PAFRX C000177200 T. Rowe Price Floating Rate Fund-I Class TFAIX C000219333 T. Rowe Price Floating Rate Fund-Z Class 497 1 nonmarchcyclezclas-030120125.htm Untitled Document

March 2, 2020

Keith O’Connell, Esquire
U.S. Securities & Exchange Commission (“SEC”)
Division of Investment Management
100 F Street, N.E.
Washington, D.C. 20549

Re:  T. Rowe Price Floating Rate Fund, Inc.

   T. Rowe Price Floating Rate Fund

   T. Rowe Price Floating Rate Fund—Advisor Class

   T. Rowe Price Floating Rate Fund—I Class

   T. Rowe Price Floating Rate Fund—Z Class

    File Nos. 333-174605/811-22557

 T. Rowe Price Growth Stock Fund, Inc.

   T. Rowe Price Growth Stock Fund

   T. Rowe Price Growth Stock Fund—Advisor Class

   T. Rowe Price Growth Stock Fund—I Class

   T. Rowe Price Growth Stock Fund—R Class

   T. Rowe Price Growth Stock Fund—Z Class

    File Nos. 002-10780/811-579

 T. Rowe Price High Yield Fund, Inc.

   T. Rowe Price High Yield Fund

   T. Rowe Price High Yield Fund—Advisor Class

   T. Rowe Price High Yield Fund—I Class

   T. Rowe Price High Yield Fund—Z Class

    File Nos. 002-93707/811-4119

 T. Rowe Price Index Trust, Inc.

   T. Rowe Price Equity Index 500 Fund

   T. Rowe Price Equity Index 500 Fund—I Class

   T. Rowe Price Equity Index 500 Fund—Z Class

   T. Rowe Price Mid-Cap Index Fund

   T. Rowe Price Mid-Cap Index Fund—I Class

   T. Rowe Price Mid-Cap Index Fund—Z Class

   T. Rowe Price Small-Cap Index Fund

   T. Rowe Price Small-Cap Index Fund—I Class

   T. Rowe Price Small-Cap Index Fund—Z Class

    File Nos. 033-32859/811-5986

  T. Rowe Price Institutional Income Funds, Inc.

   T. Rowe Price Institutional Floating Rate Fund—Institutional Class

   T. Rowe Price Institutional Floating Rate Fund—F Class

   T. Rowe Price Institutional Floating Rate Fund—Z Class

   T. Rowe Price Institutional High Yield Fund—Institutional Class

   T. Rowe Price Institutional High Yield Fund—Z Class

    File Nos. 333-84634/811-21055

  T. Rowe Price Internaional Funds, Inc.

   T. Rowe Price Dynamic Global Bond Fund

   T. Rowe Price Dynamic Global Bond Fund—Advisor Class

   T. Rowe Price Dynamic Global Bond Fund—I Class

   T. Rowe Price Dynamic Global Bond Fund—Z Class

   T. Rowe Price Emerging Markets Bond Fund

   T. Rowe Price Emerging Markets Bond Fund—Advisor Class

   T. Rowe Price Emerging Markets Bond Fund—I Class

   T. Rowe Price Emerging Markets Bond Fund—Z Class

   T. Rowe Price International Bond Fund

   T. Rowe Price International Bond Fund—Advisor Class

   T. Rowe Price International Bond Fund—I Class

   T. Rowe Price International Bond Fund—Z Class

    File Nos. 002-65539/811-2958

 T. Rowe Price Limited Duration Inflation Focused Bond Fund, Inc.

   T. Rowe Price Limited Duration Inflation Focused Bond Fund

   T. Rowe Price Limited Duration Inflation Focused Bond Fund—I Class

   T. Rowe Price Limited Duration Inflation Focused Bond Fund—Z Class

    File Nos. 333-136805/811-21919

 T. Rowe Price Mid-Cap Growth Fund, Inc.

   T. Rowe Price Mid-Cap Growth Fund

   T. Rowe Price Mid-Cap Growth Fund—Advisor Class

   T. Rowe Price Mid-Cap Growth Fund—I Class

   T. Rowe Price Mid-Cap Growth Fund—R Class

   T. Rowe Price Mid-Cap Growth Fund—Z Class

    File Nos. 033-47806/811-6665

 T. Rowe Price Mid-Cap Value Fund, Inc.

   T. Rowe Price Mid-Cap Value Fund

   T. Rowe Price Mid-Cap Value Fund—Advisor Class

   T. Rowe Price Mid-Cap Value Fund—I Class

   T. Rowe Price Mid-Cap Value Fund—R Class

   T. Rowe Price Mid-Cap Value Fund—Z Class

    File Nos. 333-02993 /811-07605

 T. Rowe Price New Horizons Fund, Inc.

   T. Rowe Price New Horizons Fund

   T. Rowe Price New Horizons Fund—I Class

   T. Rowe Price New Horizons Fund—Z Class

    File Nos. 002-18099 /811-958

 T. Rowe Price New Income Fund, Inc.

   T. Rowe Price New Income Fund

   T. Rowe Price New Income Fund—Advisor Class

   T. Rowe Price New Income Fund—I Class

   T. Rowe Price New Income Fund—R Class

   T. Rowe Price New Income Fund—Z Class

    File Nos. 002-48848/811-2396

 T. Rowe Price Real Assets Fund, Inc.

  T. Rowe Price Real Assets Fund

  T. Rowe Price Real Assets Fund—I Class

  T. Rowe Price Real Assets Fund—Z Class

    File Nos. 333-166395 /811-22410

 T. Rowe Price Small-Cap Stock Fund, Inc.

   T. Rowe Price Small-Cap Stock Fund

   T. Rowe Price Small-Cap Stock Fund—Advisor Class

   T. Rowe Price Small-Cap Stock Fund—I Class

   T. Rowe Price Small-Cap Stock Fund—Z Class

    File Nos. 002-12171/811-696

 T. Rowe Price U.S. Large-Cap Core Fund, Inc.

   T. Rowe Price U.S. Large-Cap Core Fund

   T. Rowe Price U.S. Large-Cap Core Fund—Advisor Class

   T. Rowe Price U.S. Large-Cap Core Fund—I Class

   T. Rowe Price U.S. Large-Cap Core Fund—Z Class

    File Nos. 333-158764/811-22293

 T. Rowe Price U.S. Treasury Funds, Inc.

   T. Rowe Price U.S. Treasury Long-Term Fund

   T. Rowe Price U.S. Treasury Long-Term Fund—I Class

   T. Rowe Price U.S. Treasury Long-Term Fund—Z Class

   T. Rowe Price U.S. Treasury Money Fund

   T. Rowe Price U.S. Treasury Money Fund—I Class

   T. Rowe Price U.S. Treasury Money Fund—Z Class

    File Nos. 033-30531/811-5860

 T. Rowe Price Value Fund, Inc.

   T. Rowe Price Value Fund

   T. Rowe Price Value Fund—Advisor Class

   T. Rowe Price Value Fund—I Class

   T. Rowe Price Value Fund—Z Class

    File Nos. 033-54963/811-07209

Dear Mr. O’Connell:

This letter is being filed in accordance with Rule 497(j) of the Securities Act of 1933. There are no changes to the funds’ prospectuses and Statement of Additional Information (“SAI”) that were filed under 485(b) on February 26, 2020.

The prospectuses and SAI went effective automatically on March 1, 2020.

If you have any questions about this filing, please give me a call at 410-345-4981 or, in my absence, Vicki S. Booth at 410-577-5024.

Sincerely,

/s/Tawanda L. Cottman
Tawanda L. Cottman