-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
PkzQJG84y0J3DNUlx2VfwSyvEjHUg5Yp/qkSW9meEiogis59RAmioBbiMfVA+hb1
/Hcr+o/5hx2KY9sE+RZ+8w==
<
/p>
p> <
/p>
p>
p>
p>
</R>1 About the Fund Objective, Strategy, Risks, and Expenses 1
td>Other Information About the Fund 6 Some Basics of Fixed-Income Investing 8 2 Information About Accounts in T. Rowe
Price FundsPricing Shares and Receiving
Sale Proceeds10 Useful Information on Distributions
and Taxes15 Transaction Procedures and
Special Requirements21 Account Maintenance and Small
Account Fees24 3 More About the Fund Organization and Management 26 Understanding Performance Information 28 Investment Policies and Practices 29 Disclosure of Fund Portfolio Information 39 Financial Highlights 40 4 Investing With T. Rowe Price Account Requirements
and Transaction Information
42 Opening a New Account 43 Purchasing Additional Shares 45 Exchanging and Redeeming Shares 46 Rights Reserved by the Funds 48 Information About Your Services 49 T. Rowe Price Brokerage 51 Investment Information 52 T. Rowe Price Privacy Policy
53
</R>
Periods ended December 31, 2005
1 year
5 years
10 yearsNew Income Fund Returns before taxes 2.85% 5.72% 5.44% Returns after taxes on distributions 1.30 3.99 3.22 Returns after taxes on distributions and sale of fund shares 1.84<
/font> 3.85 3.25 Lehman Brothers U.S. Aggregate Index 2.43 5.87 6.16 Lipper Corporate Debt Funds A-Rated Average 1.90 5.45 5.46
</R>
Annual fund operating expenses
(expenses that are deducted from fund assets)Management fee 0.46 Other expenses 0.21% Total annual fund operating expenses 0.67%
</R>
1 year
3 years
5 years
10 years$68 $214 $373 $835
<R>
Price of a $1,000 face value bond if interest rates:
Bond maturity
Coupon
Increase
Decrease
1 percent
2 percent
1 percent
2 percent2 years 5.15% $982 $964 $1,019 $1,038 5 years 5.09 958 918 1,044 10 years 5.14 927 860 1,081 1,169 </R><R>30 years 5.19
865 756 1,169 1,383
and 5; July 17; September 18 and 23; October 9; November 3 and 23; and December 23. In 2007January 2, 3, and 8; February 11; March 21; April 29; May 3, 4, and 5; July 16; September 17 and 23; October 8; November 3 and 23; and December 23. If the Tokyo Stock Exchange closes on dates not listed, the fund will not be priced on those dates.
</R>
T. Rowe Price Funds With Redemption Fees (Continued)
Fund
Redemption fee
Holding periodDeveloping Technologies 1% 90 days or less Diversified Small-Cap Growth 1% 90 days or less Emerging Europe & Mediterranean 2% 90 days or less Emerging Markets Bond 2% 90 days or less Emerging Markets Stock 2% 90 days or less Equity Index 500 0.5% 90 days or less European Stock 2% 90 days or less Extended Equity Market Index 0.5% 90 days or less Global Stock 2% 90 days or less High Yield 1% 90 days or less International Bond 2% 90 days or less International Discovery 2% 90 days or less International Equity Index 2% 90 days or less International Growth & Income 2% 90 days or less International Stock 2% 90 days or less Japan 2% 90 days or less Latin America 2% 90 days or less New Asia 2% 90 days or less Real Estate 1% 90 days or less Small-Cap Value 1% 90 days or less Spectrum International 2% 90 days or less Tax-Efficient Balanced 1% less than 365 days Tax-Efficient Growth
1% less than 365 days Tax-Efficient Multi-Cap Growth 1% less than 365 days Total Equity Market Index
td>0.5% 90 days or less U.S. Bond Index 0.5% 90 days or less
<R>
</R>
Fund
DividendsMoney funds Purchases received by T. Rowe Price by noon ET via wire begin to earn dividends on that day. Other shares normally begin to earn dividends on the business day after payment is received by T. Rowe Price. Declared daily and paid on the first business day of each month. Bond funds Shares normally begin to earn dividends on the business day after payment is received by T. Rowe Price. Declared daily and paid on the first business day of each month. These stock fund
s only: Declared quarterly, if any, in March, June, September, and December. Balanced Must be a shareholder on the dividend record date. Dividend Growth Equity Income Equity Index 500 Growth & Income Personal Strategy Balanced Personal Strategy Income Real Estate Retirement Funds: Retirement Income Shares normally begin to earn dividends on the business day after payment is received by T. Rowe Price. Paid on the first business day of each month. All others Declared annually, if any, generally
in December. Must be a shareholder on the dividend record date. Tax-Efficient Balanced Municipal Portion Shares normally begin to earn dividends on the business day after payment is received by T. Rowe Price. Paid on the last business day of March, June, September, and December. Equity Portion Declared annually, if any, generally in December. Must be a shareholder on the dividend record da
te. Other stock funds Declared annually, if any, generally in December. Must be a shareholder on the dividend record date.
<R>
</R>Tax-Free and Municipal Funds Regular monthly dividends (including those from the state-specific tax-free funds) are expected to be exempt from federal income taxes.Exemption is not guaranteed, since the fund has the right under certain conditions to invest in nonexempt securities.You must report your total tax-free income on IRS Form 1040. The IRS uses this information to help determine the tax status of any Social Security payments you may have received during the year.Tax-exempt dividends paid to Social Security recipients may increase the portion of benefits that is subject to tax.For state-specific funds, the monthly dividends you receive are expected to be exempt from state and local income tax. For other funds, a small portion of your inc
ome dividend may be exempt from state and local income taxes.If the funds invest in certain "private activity" bonds, shareholders who are subject to the alternative minimum tax (AMT) must include income generated by those bonds in their AMT calculation. The portion of the fund`s income dividend that should be included in your AMT calculation, if any, will be reported to you in January. Tax-Efficient Balanced Fund The fund intends to inves
t a sufficient portion of its assets in municipal bonds and notes so that it may qualify to pay tax-exempt dividends, which will be exempt from federal income tax. The fund may not always qualify to pay tax-exempt dividends.You must report your total tax-exempt income on IRS Form 1040. This information is used by the IRS to help determine the tax status of any Social Security payments you may have received during the year.Tax-exempt dividends paid to Social Security recipients may increase the portion of benefits that are subject to tax.
A small portion of your income dividend may also be exempt from state and local income taxes.If the fund invests in certain "private activity" bonds, shareholders who are subject to the AMT must include income generated by those bonds in their AMT calculation. The portion of the fund`s income dividends that should be included in your AMT calculation, if any, will be reported to you in January.
certain nonqualified foreign corporations, and dividends received by the fund fro
m stocks that were on loan. Little, if any, of the ordinary dividends paid by the Real Estate Fund or the bond and money funds is expected to qualify for this lower rate.
offsetting credit or deduction on your tax return for those amounts. There can be no assurance that a fund will meet the requirements to pass through foreign income taxes paid.
</R>Tax-Free and Municipal Funds
Gains realized on the sale of market discount bonds with maturities beyond one year may be treated as ordinary income and cannot be offset by other capital losses.To the extent the fund invests in these securities, the likelihood of a taxable gain distribution will be increased. Tax-Efficient Balanced Fund Gains real
ized on the sale of market discount bonds with maturities beyond one year may be treated as ordinary income and cannot be offset by other capital losses.To the extent the fund invests in these securities, the likelihood of a taxable gain distribution will be increased. Inflation Protected Bond Fund Inflation adjustments on Treasury inflation-protected securities exceeding deflation adjustments for the year will be distributed to you as a short-term capital gain resulting in ordinary income.In computing the distribution amount, the fund cannot reduce inflation adjustments by short- or long-term capital losses from the sales of securities.Net deflation adjustments for a year may result in all or a portion of dividends paid earlier in the year being treated as a return of capital. Retirement and Spectrum Funds Distributions by the underlying funds and changes in asset allocations may result in taxable distributions of ordinary income or capital gains.
<R>
portion of the money you just invested in the form of a taxable distribution. Therefore, you may wish to find out a fund`s record date before investing. Of course, a fund`s share price may, at any time, reflect undistributed capital gains or income and unrealized appreciation, which may result in future taxable distributions. Such distributions can occur even in a year when the fund has a negative return.
<R>
broker-dealers, and other guarantors acceptable to T. Rowe Price. We cannot accept guarantees from notaries public or organizations that do not provide reimbursement in the case of fraud.
If a meeting is held and you cannot attend, you can vote by proxy. Before the meeting, the fund will send you proxy materials that explain the issues to be decided and include instructions on voting by mail or telephone or on the Internet.
0.334%* First $50 billion 0.305% Next $30 billion 0.300% Next $40 billion 0.295% Next $40 billion 0.290% Thereafter
standardized yield, may differ from the dividend yield.
<R>
<R>
</R>
Year ended May 31
2002
2003
2004
2005 a
2006 aNet asset value,beginning of period $8.53 $8.70 $9.21 $8.87 $9.14 Income From Investment Operations Net investment income 0.47 0.37 0.32 <
font style="font-size:8.0pt;" face="MetaPlusLF-NormalRoman">0.35 0.38 Net gains or losses on securities (both realized and unrealized) 0.17 0.52 (0.34) (0.42) Total from investment operations 0.64 0.89
(0.02) 0.64 (0.04) Less Distributions Dividends (from net investment income) (0.47) (0.38)
(0.32) (0.36) (0.39) Distributions (fromcapital gains) (0.01<
/font>) (0.02) Returns of capital Total distributions (0.47) (0.38) (0.32) (0.37) (0.41) Net asset value,end of period $8.70 $9.21 $8.87 $9.14 $8.69 Total return 7.68% 10.52% (0.26)% 7.27% (0.49)% Ratios/Supplemental Data Net assets, end of period
(in millions)$1,863 $2,266 $2,512 $3,246 $3,865 Ratio of expenses to average net assets 0.72% 0.74% 0.71% 0.69% 0.67% Ratio of net income to average net assets 4.23% 3.56% 3.85% 4.23% Portfolio turnover rateb 222.0% 221.2% 219.0% 135.9% 111.1%
Number
T. Rowe Price
Trust Company
1-800-492-7670
P.O. Box 17300
Baltimore, MD 21297-1300
Mailcod
e 17300
4515 Painters Mill Road
Owings Mills, MD 21117-4903
P.O. Box 17300
Baltimore, MD 21297-1300
Asset Builder
P.O. Box 17302
Baltimore, MD 21297-13
02
Mailcode 17302
4515 Painters Mill Road
Owings Mills, MD 21117-4903
P.O. Box 17479
Baltimore, MD 21297-1479
Mailcode 17479
4515 Painters Mill Road
Owings Mills, MD 21117-4903
1-800-225-5132
Investor Services
1-800-638-5660
1-866-277-1005.
Tele*AccessSM
1-800-638-2587
24 hours, 7 days
Web Address
troweprice.com
1-800-401-3279
In Person
1-800-638-5660
For Existing
Brokerage Customers
1-800-225-7720
informative reports.
account information, or
to conduct transactions
1-800-638-2587
investors: The
appropriate 800
number appears on your retirement account statement.
1-800-225-5132 or
visit our Web site
4515 Painters Mill Road
Wellesley
1-800-638-5660. These documents are also available at troweprice.com.
mation on the operation of the Public Reference Room may be obtained by calling the SEC at 1-202-942-8090. Fund reports and other fund information are available on the EDGAR Database on the SEC`s Internet site at http://www.sec.gov. Copies of this information may be obtained, after paying a duplicating fee, by electronic request at publicinfo@sec.gov, or by writing the Public Reference Room, Washington D.C. 20549-0102.
Suite 104
21800 Oxnard Street
Suite 270
Woodland Hills
1st
Floor West
Short Hills
Suite 101
Garden City
Suite 100
Walnut Creek
8th Floor
Farragut Square
Suite 150
McLean, Virginia
100 East Pratt Street
Baltimore, MD 21202
</R>1 About the Fund Objective, Strategy, Risks, and Expenses 1 Other Information About
the Fund 6 Some Basics of Fixed-Income Investing 8 2 Information About Accounts in T. Rowe
Price FundsPricing Shares and Receiving
Sale Proceeds10 Useful Information on Distributionsand Taxe
s 14 Transaction Procedures and
Special Requirements17 Distribution, Shareholder Servicing, and Recordkeeping Fees 20 3 More About the Fund Organization and Management 21 Understanding Performance Information 23 Investment Policies and Practices 24 Disclosure of Fund Portfolio Information 34 Financial Highlights 35 4 Investing With T. Rowe Price Account Requirements
and Transaction Information37 Purchasing Additional Shares 38 Exchanging and Redeeming Shares 39 Rights Reserved by the Funds 39 T. Rowe Price Privacy Policy 41
Periods ended
December 31, 2005
1 year
Since inception
(9/30/02)New Income FundAdvisor Class Returns before taxes 2.60% 4.33% Returns after taxes on distributions 1.14 2.95 Returns after taxes on distributions and sale of fund shares 1.68 2.89
Lehman Brothers U.S. Aggregate Index 2.43 3.83 Lipper Corporate Debt Funds A-Rated Average 1.90 4.11
</R>
Annual fund operating expenses
(expenses that are deducted from fund assets)Management fee 0.46% Distribution and service (12b-1) fees 0.25% Other expenses 0.28% Total annual fund operating expenses 0.99% Fee waiver/reimbursement 0.09%a Net expenses 0.90%a
</R>
1 year
3
5 years
10 years$92 $294 $526 $1,193
</R>
Price of a $1,000 face value bond if interest rates:
Bond maturity
Coupon
Increase
Decrease
1 percent
2 percent
1 percent
2 percent2 years 5.15% $982 $964 $1,019 $1,038 5 years 5.09 958 918 1,044 1,091
10 years 5.14 927 860 <
font style="font-size:10.0pt;" face="Berkeley Book">1,081 1,169 30 years 5.19 865 756 1,169 1,383
</R>
T. Rowe Price
Funds With Redemption Fees (continued)
Fund
Redemption fee
Holding periodGlobal StockAdvisor Class 2% 90 days or less High YieldAdvisor Class <
/font>1% 90 days or less International BondAdvisor Class 2% 90 days or less International Growth & IncomeAdvisor Class 2% 90 days or less International StockAdvisor Class 2% 90 days or less Real EstateAdvisor Class 1% 90 days or less Small-Cap ValueAdvisor Class 1% 90 days or less
<R>
</R>
Fund
DividendsBond funds Shares normally begin to earn dividends on the business day after payment is received by T. Rowe Price. Declared daily and paid on the first business day of each month. These stock funds only: Dividend Growth Advisor Class Declared quarterly, if any, in March, June, September, and December. Equity Income Advisor Class Must be a shareholder on the dividend record date. Real Estate Advisor Class Retirement Funds: Retirement Income
Advisor ClassShares normally begin to earn dividends on the business day after payment is r
eceived by T. Rowe Price. Paid on the first business day of each month. All others Declared annually, if any, generally in December. Must be a shareholder on the dividend record date. Other stock funds Declared annually, if any, generally in December. Must be a shareholder on the dividend record date.
of a security.
<R>
<R>
broker-dealers, and other guarantors acceptable to T. Rowe Price. We cannot accept guarantees from notaries public or organizations that do not provide reimbursement in the case of fraud.
If a meeting is held and you cannot attend, you can vote by proxy. Before the meeting, the fund will send you proxy materials that explain the issues to be decided and include instructions on voting by mail or telephone or on the Internet.
0.334%* First $50 billion 0.305% Next $30 billion
tr>0.300% Next $40 billion 0.295% Next $40 billion 0.290% Thereafter
standardized yield, may differ from the dividend yield.
<R>
<R>
</R>
9/30/02*
through
font>
5/31/03
Year ended May 31
2004
2005 a
2006 aNet asset value,beginning of period $8.84 $9.21 $8.87 $9.14 Income From Investment Operations Net investment income 0.23b 0.30b
0.31b 0.35b Net gains or losses on securities (both realized and unrealized) 0.38 (0.34) 0.30 (0.41) Total from investment operations 0.61 (0.04) 0.61 Less Distributions Dividends (from net investment income) (0.24) (0.30) (0.33) (0.37) Distributions (fromcapital gains) (0.01) (0.02) Returns of capital Total distributions (0.24 (0.30) (0.34) (0.39) Redemption fees addedto paid in capital Net asset value,end of period $9.21 $8.87 $9.14 $8.69 Total return 7.02%b (0.45)%b 7.01%b (0.72)%b Ratios/Supplemental Data Net assets, end of period(in thousands) $107 $139 $1,932 $4,613 Ratio of expenses to average net ass
ets 0.90%bc 0.90%b 0.90%b 0.90%b Ratio of net income to average net assets 2.61%bc 3.36%b 3.55%b 3.99%b Portfolio turnover rate 221.2% 219.0% 135.9%d 111.1%d
Number
P.O. Box 17603
Baltimore, MD 21297-1603
Mail Code: OM-4232
4515 Painters Mill Road
Owings Mills, MD 21117-4842
100
East Pratt Street
Baltimore, MD 21202
</R>
1 About the Fund Objective, Strategy, Risks, and Expenses 1 Other Information About the Fund 6 Some Basics of Fixed-Income Investing 8 2 Information About Accounts in T. Rowe
Price FundsPricing Shares and Receiving
Sale Proceeds10 Useful Information on Distributionsand Taxes 13 Transaction Procedures and
Special Requirements16 Distribution, Shar
eholder Servicing, and Recordkeeping Fees 19 3 More About the Fund Organization and Management 20 Understanding Performance Information 22 Investment Policies and Practices 23 Disclosure of Fund Portfolio Information 33 Financial Highlights 34 4 Investing With T. Rowe Price Account Requirements
and Transaction Information36 Purchasing Additional Shares 37 Exchanging and Redeeming Shares 38 Rights Reserved by the Funds 38 T. Rowe Price Privacy Policy 40
<R>
Periods ended
December 31, 2005
1 year
Since inception
(9/30/02)New Income FundR Class Returns before taxes 2.36% 4.09% Returns after taxes on distributions 0.98 2.79 Returns after taxes on distributions and sale of fund shares 1.53 <
font style="font-size:10.0pt;" face="Berkeley Book">2.73 Lehman Brothers U.S. Aggregate Index 2.43 3.83 Lipper Corporate Debt Funds A-Rated Average 1.90 4.11
Annual fund operating expenses
(expenses that are deducted from fund assets)Management fee 0.46% Distribution and service (12b-1) fees 0.50% Other expenses 0.21% Total annual fund operating expenses 1.17% Fee waiver/reimbursement 0.02%a Net expenses 1.15%a
</R>
1 year
3 years
5 years
10 years$117 $367 $639 $1,416
</R>
Price of a $1,000 face value bond if interest rates:
Bond maturity
Coupon
I
ncrease
Decrease
1 percent
2 percent
1 percent
2 percent2 years 5.15% $982 $964 <
/font>$1,019 $1,038 5 years 5.09 918 1,044 1,091 10 years 5.14 927 860 1,081 1,169 30 years 5.19 865 756 1,169 1,383
</R>
T. Rowe Price Funds With Redemption Fees
Fund
Redemption fee
Holding periodInternational Growth & Income
R Class 2% 90 days or less International StockR Class 2% 90 days or less
</R>
Fund
DividendsBond funds Shares normally begin to earn dividends on the business day after payment is received by T. Rowe Price. Declared daily and paid on the first business day of each month. Equity Income R Class Declared quarterly, if any, in March, June, September, and December. Must be a shareholder on the dividend record date. Retirement Funds: Retirement Income R Class Shares normally begin to earn dividends on the business day after payment is received by T. Rowe Price. Paid on the first business day of each month. All others Declared annually, if any, generally in December. Must be a shareholder on the dividend record date. Other stock funds Declared annually, if any, generally in December. Must be a shareholder on the dividend record date.
of a security.
portion of the money you just invested in the form of a taxable distribution.
Therefore, you may wish to find out a fund`s record date before investing. Of course, a fund`s share price may, at any time, reflect undistributed capital gains or income and unrealized appreciation, which may result in future taxable distributions. Such distributions can occur even in a year when the fund has a negative return.
<R>
broker-dealers, and other guarantors acceptable to T. Rowe Price. We cannot accept guarantees from notaries public or organizations that do not provide reimbursement in the case of fraud.
If a meeting is held and you cannot attend, you can vote by proxy. Before the meeting, the fund will send you proxy materials that explain the issues to be decided and include instructions on voting by mail or telephone or on the Internet.
0.334%* First $50 billion 0.305% Next $30 billion
tr>0.300% Next $40 billion 0.295% Next $40 billion 0.290% Thereafter
standardized yield, may differ from the dividend yield.
<R>
<R>
<R>
<R>
</R>
9/30/02*
through
5/31/03
Year ended May 31
2004
2005 a
2006 aNet asset value,beginning of period $8.84 $9.21 $8.88 $9.15 Income From Investment Operations Net investment income 0.22b 0.28b 0.31b 0.34b Net gains or losses on securities (both realized and unrealized) 0.38 (0.33) 0.28 (0.44) Total from investment operations 0.60 (0.05) 0.59 (0.10) Less Distributions Dividends (from net investment income) (0.23) (0.28) (0.31) (0.34) Distributions (fromcapital gains)
(0.01)
(0.02) Returns of capital Total distributions (0.23) (0.28) (0.32) (0.36) Redemption fees addedto paid in capital Net asset value,end of period $9.21 $8.88 $9.15 <
font style="font-size:8.0pt;" face="MetaPlusLF-NormalRoman">$8.69 Total return 6.84<
/font>%b (0.57)%b 6.77%b (1.08)%b Ratios/Supplemental Data Net assets, end of period(in thousands) $321 $2,885 $3,674 $3,628 Ratio of expenses to average net assets 1.15%bc 1.15%b 1.15%b 1.15%b Ratio of net income to average net assets 2.32%bc 3.12%b 3.39%b 3.74%b Portfolio turnover rated 221.2% 219.0% 135.9% 111.1%
Number
P.O. Box 17603
Baltimore, MD 21297-1603
Mail Code: OM-4232
4515 Painters Mill Road
Owings Mills, MD 21117-4842
100
East Pratt Street
Baltimore, MD 21202
PART I TABLE OF CONTENTS | ||||||||
---|---|---|---|---|---|---|---|---|
Page | Page | |||||||
Management of the Funds | 10 | Distributor for the Funds | 109 | |||||
Principal Holders of Securities | 67 | Portfolio Transactions | 112 | |||||
Investment Management Agreements | 89 | Independent Registered Public Accounting Firm | 132
font> | |||||
Other Shareholder Services | 105 | Part II | 136 |
Fund | Fund Category | Fiscal Year End | Semiannual Report Date | Prospectus Date | |
---|---|---|---|---|---|
Balanced | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Blue Chip Growth | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Blue Chip Growth FundAdvisor Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Blue Chip Growth FundR Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Blue Chip Growth Portfolio | Equity Variable Annuity | Dec 31 | Dec 31 | June 30 | May 1 |
Blue Chip Growth PortfolioII | Equity Variable Annuity | Dec 31 | Dec 31 | June 30 | May 1 |
California Tax-Free Bond | State Tax-Free Bond | Feb 28 | Feb 28 | Aug 30 | July 1 |
California Tax-Free Money | State Tax-Free Money | Feb 28 | Feb 28 | Aug 30 | July 1 |
Capital Appreciation | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Capital Appreciation FundAdvisor Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Capital Opportunity | Equity | Dec 31 | Dec 31 | J
une 30 | May 1 |
Capital Opportunity FundAdvisor Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Capital Opportunity FundR Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Corporate Income | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Developing Technologies | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Diversified Mid-Cap Growth | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Diversified Small-Cap Growth | Equity | Dec 31 | Dec 31
font> | June 30 | May 1 |
Dividend Growth | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Dividend Growth FundAdvisor Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Emerging Europe & Mediterranean | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Emerging Markets Bond | International Bond | Dec 31 | Dec 31 | June 30 | May 1 |
Emerging Markets Stoc
k | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Equity Income | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Equity Income FundAdvisor Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Equity Income FundR Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Equity Income Portfolio | Equity Variable Annuity | Dec 31 | Dec 31 | June 30 | May 1 |
Equity Income PortfolioII | Equity Variable Annuity | Dec 31 | Dec 31 | June 30 | May 1 |
Equity Index 500 | Index Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Equity Index 500 Portfolio | Index Equity Variable Annuity | Dec 31 | Dec 31 | June 30 | May 1 |
European Stock | International Equi
ty | Oct 31 | Oct 31 | Apr 30 | March 1 |
Extended Equity Market Index | Index Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Financial Services | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Florida Intermediate Tax-Free | State Tax-Free Bond | Feb 28 | Feb 28
| Aug 30 | July 1 |
Georgia Tax-Free Bond | State Tax-Free Bond | Feb 28 | Feb 28 | Aug 30 | July 1 |
Global Stock | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Global Stock FundAdvisor Class | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Global Technology | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
GNMA | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
TRP Government Reserve Investment | Taxable Money | May 31 | May 31 | Nov 30 | Oct 1 |
Growth & Income | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Growth Stock | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Growth Stock FundAdvisor Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Growth Stock FundR Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Health Sciences | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Health Sciences Portfolio | Equity Variable An nuity | Dec 31 | Dec 31 | June 30 | May 1 |
Health Sciences PortfolioII | Equity Variable Annuity | Dec 31 | June 30 | May 1 | |
High Yield | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
High Yield FundAdvisor Class | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Inflation Protected Bond | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Institutional Concentrated Large-Cap Value | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Institutional Core Plus | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Institutional Emerging Markets Equity | Oct 31 | Oct 31 | Apr 30 | March 1 | |
Institutional Foreign Equity | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Institutional Global Equity | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Institutional High Yield | Taxable Bond | May
31 | May 31 | Nov 30 | Oct 1 |
Institutional Large-Cap Core Growth | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Institutional Large-Cap Growth | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Institutional Large-Cap Value | Equity | Dec 31 | Dec 31 |
June 30 | May 1 |
Institutional Mid-Cap Equity Growth | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Institutiona
l Small-Cap Stock | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
International Bond | International Bond | Dec 31 | Dec 31 | June 30 | |
International Bond FundAdvisor Class | International Bond | Dec 31 | Dec 31 | June 30 | May 1 |
International Discovery<
/font> | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
International Equity Index | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
International Growth & Income | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
International Growth & Income FundAdvisor Class | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
International Growth & Income FundR Class | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
International Stock | International Equity | Oct 31 |
Oct 31 | Apr 30 | March 1 |
International Stock FundAdvisor Class | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
International Stock FundR Class | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
International Stock Portfolio | International Equity Variable Annuity | Dec 31 | Dec 31 | June 30 | May 1 |
Japan | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Latin America | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Limited-Te
rm Bond Portfolio | Bond Variable Annuity | Dec 31 | Dec 31 | June 30 | May 1 |
Limited-Term Bond PortfolioII | Bond<
font style="font-size:10.0pt;" face="Berkeley Book"> Variable Annuity | Dec 31 | Dec 31 | June 30 | May 1 |
Maryland Short-Term Tax-Free Bond | State Tax-Free Bond | Feb 28 | Feb 28 | Aug 30 | July 1 |
Maryland Tax-Free Bond | State Tax-Free Bond | Feb 28 | Feb 28 | Aug 30 | July 1 |
Maryland Tax-Free Money | State Tax-Free Money | Feb 28 | Feb 28 | Aug 30 | July 1 |
Media & Telecommunications | Equity | Dec 31 | Dec 31 | June 30 | May
1 |
Mid-Cap Growth | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Mid-Cap Growth FundAdvisor Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Mid-Cap Growth FundR Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Mid-Cap Growth Portfolio | Equity Variable Annuity | Dec 31 | Dec 31 | June 30 | May 1
|
Mid-Cap Growth PortfolioII | Equity Variable Annuity | Dec 31 | Dec 31 | June 30 | May 1 |
Mid-Cap Value | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Mid-Cap Value FundAdvisor Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Mid-Cap Value FundR Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
New America Growth | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
New America Growth FundAdvisor Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
New America Growth Portfolio | Equity Variable Annuity | Dec 31 | Dec 31 | June 30 | May 1 |
New Asia | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
New Era | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
New Horizons | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
New Income | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
New Income FundAdvisor Class | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
New Income FundR Class | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
New Jersey Tax-Free Bond | State Tax-Free Bond | Feb 28 | Feb 28 | Aug 30 | July 1 |
New York Tax-Free Bond | State Tax-Free Bond | Feb 28 | Feb 28 | Aug 30 | July 1 |
New York Tax-Free Money | State Tax-Free Money | Feb 28
| Feb 28 | Aug 30 | July 1 |
Personal Strategy Balanced | Blended | May 31 | May 31 | Nov 30 | Oct 1 |
Personal Strategy Balanced Portfolio | Blended Variable Annuity | Dec 31 | Dec 31 | June 30 | May 1 |
Personal Strategy Growth | Blended | May 31 | May 31 | Nov 30 | Oct 1 |
Personal Strategy Income | Blended | May 31 | May 31 | Nov 30 | Oct 1 |
Prime Reserve | Taxable Money | May 31 | May 31 | Nov 30 | Oct 1 |
Prime Reserve Portfolio | Money Variable Annuity | Dec 31 | Dec 31 | June 30 | May 1 |
Real Estate | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Real Estate FundAdvisor Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
TRP Reserve Investment | Taxable Money | May 31 | May 31
| Nov 30 | Oct 1 |
Retirement 2005 | Fund-of-Funds | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2010 | Fund-of-Funds | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2010 FundAdvisor Class | Fund-of-Funds | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2010 FundR Class | Fund-of-Funds | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2015 | Fund-of-Funds | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2020 | Fund-of-Funds | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2020 FundAdvisor Class | Fund-of-Funds | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2020 FundR Class | Fund-of-Funds | May 31 | May 31 | Nov 30 | |
Retirement 2025 | Fund-of-Funds | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2030 | Fund-of-Funds | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2030 FundAdvisor Class | Fund-of-Funds | May 31 | May 31 | N
ov 30 | Oct 1 |
Retirement 2030 FundR Class | Fund-of-Funds | May 31 | May 31 | Nov 30 | Oct 1
|
Retirement 2035 | Fund-of-Funds | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2040 | Fund-of-Funds | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2040 FundAdvisor Class | Fund-of-Funds | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2040 FundR Class | Fund-of-Funds | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2045 Fund | Fund-of-Funds | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement Income | Fund-of-Funds | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement Income FundAdvisor Class | Fund-of-Funds | May 31 | May 31 | Nov 30 | Oct 1 |
<
font style="font-size:10.0pt;" face="Berkeley Book" color="Black">Retirement Income FundR Class | Fund-of-Funds | May 31 | May 31 | Nov 30 | Oct 1 |
Science & Technology
| Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Science & Technology FundAdvisor Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Short-Term Bond | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Short-Term Bond FundAdvisor Class | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Short-Term Income | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Small-Cap Stock | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Small-Cap Stock Fund<
/font>Advisor Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Small-Cap Value | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Small-Cap Value FundAdvisor Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Spectrum Growth | Fund-of-Funds | Dec 31 | Dec 31 | June 30 | May 1 |
Spectrum Income | Fund-of-Funds | Dec 31 | Dec 31 | June 30 | May 1 |
Spectrum International | Fund-of-Funds | Dec 31 | Dec 31 | June 30 | May 1 |
Summit Cash Reserves | <
td style="">Taxable MoneyOct 31 | Oct 31 | Apr 30 | March 1 | |
Summit GNMA | Taxable Bond | Oct 31 | Oct 31 | Apr 30 | March 1 |
Summit Municipal Income | Tax-Free Bond | Oct 31 | Oct 31 | Apr 30 | March 1 |
Summit Municipal Intermediate | Tax-Free Bond | Oct 31 | Oct 31 | Apr 30 | March 1 |
Summit Municipal Money Market | Tax-Free Money | Oct 31 | Oct 31 | Apr 30 | March 1<
/font> |
Tax-Efficient Balanced | Equity | Feb 28 | Feb 28 | Aug 30 | July 1 |
Tax-Efficient Growth | Equity | Feb 28 | Feb 28 | Aug 30 | July 1 |
Tax-Efficient Multi-Cap Growth | Equity | Feb 28 | Feb 28 | Aug 30 | July 1 |
Tax-Exempt Money | Tax-Free Money | Feb 28 | Feb 28 | Aug 30 | July 1 |
Tax-Free High Yield | Tax-Free Bond | Feb 28 | Feb 28 | Aug 30
| July 1 |
Tax-Free Income | Tax-Free Bond | Feb 28 | Feb 28 | Aug 30 | July 1 |
Tax-Free Income FundAdvi
sor Class | Tax Free Bond | Feb 28 | Feb 28 | Aug 30 | July 1 |
Tax-Free Intermediate Bond | Tax-Free Bond | Feb 28 | Feb 28 | Aug 30 | July 1 |
Tax-Free Short-Intermediate | Tax-Free Bond | Feb 28 | Feb 28 | Aug 30 | July 1 |
Total Equity Market Index | Index Equ
ity | Dec 31 | Dec 31 | June 30 | May 1 |
U.S. Bond Index | Index Bond | Oct 31 | Oct 31 | Apr 30 | March 1 |
U.S. Treasury Intermediate | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
U.S. Treasury Long-Term | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
U.S. Treasury Money | Taxable Money | May 31 | May 31 | Nov 30 | Oct 1 |
Value | Equity
font> | Dec 31 | Dec 31 | June 30 | May 1 |
Value FundAdvisor Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Virginia Tax-Free Bond | State Tax-Free Bond | Feb 28 | Feb 28 | Aug 30 | July 1 |
Name, Year of Birth, and Number of Portfolios in Fund Complex Overseen by Director | Principal Occupation(s) During Past 5 Years | Other Directorships of Public Companies |
---|---|---|
Jeremiah E. Casey 1940 116 portfolios | Director, Allfirst Financial Inc. (previously First Maryland Bankcorp) (1983 to 2002); Director, National
Life Insurance (2001 to 2005); Director, The Rouse Company, real estate developers (1990 to 2004) | None |
Anthony W. Deering 1945 116 portfolios | Chairman, Exeter Capital, LLC, a private investment firm (2004 to present); Director, Vornado Real Estate Investment Trust (3/04 to present); Director, Mercantile Bankshares (4/03 to present); Member, Advisory Board, Deutsche Bank North America (2004 to present); Director, Chairman of the Board, and Chief Executive Officer, The Rouse Company, real estate developers (1997 to 2004) | Vornado Real Estate Investment Trust, Mercantile Bankshares, Deutsche Bank North America |
Donald W. Dick, Jr. 1943 116 portfolios | Principal, EuroCapital Advisors, LLC, an acquisition and management advisory firm; Chairman, President, and Chief Executive Officer, The Haven Group, a custom manufacturer of modular homes (1/04 to present) | None |
David K. Fagin 1938 116 portfolios | Chairman and President, Nye Corporation (6/88 to present); Director, Canyon Resources Corp. and | Golden Star Resources Ltd., Canyon Resources Corp., and Pacific Rim Mining Corp. |
Karen N. Horn 1943 116 portfolios | Director, Federal National Mortgage Association (9/06 to present); Managing Director and President, Global Private Client Services, Marsh Inc. (1999 to 2003); Managing Director and Head of International Private Banking, Bankers Trust (1996 to 1999); Director, Georgia Pacific (5/04 to 12/05) | Federal National Mortgage Association, Georgia Pacific, Eli Lilly and Company, and Simon Property Group |
1934 | President, F. Pierce Linaweaver & Associates, Inc., consulting environmental and civil engineers | None |
Theo C. Rodgers 1941 116 portfolios | President, A&R Development Corporation | None |
John G. Schreiber 1946 116 portfolios | Owner/President, Centaur Capital Partners, Inc., a real estate investment company; Partner, Blackstone Real Estate Advisors, L.P. | AMLI Residential Properties Trust |
Name, Year of Birth, and Number of Portfolios in Fund Complex Overseen by Director | Principal Occupation(s) During Past 5 Years | Other Directorships of Public Companies |
---|---|---|
Edward C. Bernard 1956 116 portfolios | Director and Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; Chairman of the Board, Director, and President, T. Rowe Price Investment Services, Inc.; Chairman of the Board and Director, T. Rowe Price International, Inc., T. Rowe Price Retirement Plan Services, Inc., T. Rowe Price Services, Inc., and T. Rowe Price Savings Bank; Director, T. Rowe Price Global Asset Management Limited and T. Rowe Price Global Investment Services Limited; Chief Executive Officer, Chairman of the Board, Director, and President, T. Rowe Price Trust CompanyChairman of the Board, all funds | None |
John H. Laporte; CFA 1945 15 portfolios | Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust CompanyPresident, New Horizons Fund; Executive Vice President, Spectrum Funds; Vice President, Diversified Small-Cap Growth Fund, Health Sciences Fund, Personal Strategy Funds, and Retirement Funds | None |
Mary J. Miller; CFA 1955 38 portfolios | Director and Vice President, T. Rowe Price; Vice President, T. Rowe Price Group, Inc.President, California Tax-Free Income Trust, Institutional Income Funds, State Tax-Free Income Trust, Summit Municipal Funds, Tax-Free Income Fund, and U.S. Treasury Funds; Executive Vice President, Spectrum Funds; Vice President, GNMA Fund, Inflation Protected Bond Fund, Personal Strategy Funds, Prime Reserve Fund, TRP Reserve Investment Funds, Retirement Funds, Summit Funds, Tax-Efficient Funds, Tax-Exempt Money Fund, Tax-Free High Yield Fund, and Tax-Free Short-Intermediate Fund | None |
Brian C. Rogers; CFA, CIC 1955 62 portfolios | Chief Investment Officer, Director, and Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; Vice President, T. Rowe Price Trust
CompanyPresident, Equity Income Fund and Institutional Equity Funds; Vice President, Capital Appreciation Fund, Personal Strategy Funds, Retirement Funds, Spectrum Funds, and Value Fund | None |
Fund/Corporation/Trust | Independent Directors | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Casey | Deering | Dick | Fagin | Horn | Rodgers | Schreiber | |||||||
Balanced | 2005 | 2001 | 1991 | 1991 | 2003 | 2005 | 2001 | ||||||
Blue Chip Growth | 2005 | 2001 | 1993 | 1993 | 2003 | 2005 | 2001 | ||||||
California Tax-Free Income Trust | 2006 | 1986 | 2001 | 2001 | 2003 | 2005 | 1992 | ||||||
Capital Appreciation | 2005 | 2001 | 1986 | 1988 | 2003 | 2005 | 2001 | ||||||
Capital Opportunity | 2005 | 2001 | 1994 | 1994 | 2003 | 2005 | 2001 | ||||||
Corporate Income | 2006 | 1995 | 2001 | 2001 | 2003 | 2005 | 1995 | ||||||
Developing Technologies | 2005 | 2001 | 2000 | 2000 | 2003 | 2005 | 2001 | ||||||
Diversified Mid-Cap Growth | 2005 | 200
3 | 2003 | 2003 | 2003 | 2005 | 2003 | ||||||
Diversified Small-Cap Growth | 2005 | 2001 | 1997 | 1997 | 2003 | 2005 | 2001 | ||||||
Dividend Growth | 2005 | 2001 | 1992 | 1992 | 2003 | 2005 | 2001 | ||||||
Equity Income | 2005 | 2001 | 1994 | 1988 | 2003 | 2005 | 2001 | ||||||
Equity Series | 2005 | 2001 | 1994 | 1994 | 2003 | 2005 | 2001 | ||||||
Financial Services | 2005 | 2001 | 1996 | 1996 | 2003 | 2005 | 2001 | ||||||
Fixed Income Series | 2006 | 1994 | 2001 | 2001 | 2003 | 2005 | 1994 | ||||||
Global Technology | 2005 | 2001 | 2000 | 2000 | 2003 | 2005 | 2001 | ||||||
GNMA | 2006 | 1985 | 2001 | 2001 | 2003 | 2005 | 1992 | ||||||
Growth & Income | 2005 | 2001 | 1982 | 1994 | 2003 | 2005 | 2001 | ||||||
Growth Stock | 2005 | 2001 | 1980 | 1994 | 2003 | 2005 | 2001 | ||||||
Health Sciences | 2005 | 2001 | 1995 | 1995 | 2003 | 2005 | 2001 | ||||||
High Yield | 2006 | 1984 | 2001 | 2001 | 2003 | 2005 | 1992 | ||||||
Index Trust | 2005 | 2001 | 1994 | 1994 | 2003 | 2005 | 2001 | ||||||
Inflation Protected Bond | 2006 | 2002 | 2002 | 2002 | 2003 | 2005 | 2002 | ||||||
Institutional Equity | 2005 | 2001 | 1996 | 1996 | 2003 | 2005 | 2001 | ||||||
Institutional Income | 2006 | 2002 | 2002 | 2002 | 2003 | 2005 | 2002 | ||||||
Institutional International | 2006 | 1991 | 1989 | 2001 | 2003 | 2006 | 2001 | ||||||
International | 2006 | 1991 | 1988 | 2001 | 2003 | 2006 | 2001 | ||||||
International Index | 2006 | 2000 | 2000 | 2001 | 2003 | 2006 | 2001 | ||||||
International Series | 2006 | 1994 | 2001 | 2003 | 2006 | 2001 | |||||||
Media & Telecommunications | 2005 | 2001 | 1997 | 1997 | 2003 | 2005 | 2001 | ||||||
Mid-Cap Growth | 2005 | 2001 | 1992 | 1992 | 2003 | 2005 | 2001 td> | ||||||
Mid-Cap Value | 2005 | 2001 | 1996 | 1996 | 2003 | 2005 | 2001 | ||||||
New America Growth | 2005 | 2001 | 1985 | 1994 | 2003 | 2005 | 2001 | ||||||
New Era | 2005 | 2001 | 1994 | 1988 | 2003 | 2005 | 2001 | ||||||
New Horizons | 2005 | 2001 | 1994 | 1988 | 2003 | 2005 | 2001 | ||||||
New Income | 2006 | 1980 | 2001 | 2001 | 2003 | 2005 | 1992 | ||||||
Personal Strategy | 2005 | 2001 | 1994 | 1994 | 2003 | 2005 | 2001 | ||||||
Prime Reserve | 2006 | 1979 | 2001 | 2001 | 2003 | 2005 | 1992 | ||||||
Real Estate | 2005 | 2001 | 1997 | 1997 | 2003 | 2005 | 2001 | ||||||
TRP Reserve Investment | 2006 | 1997 | 2001 | 2001 | 2003 | 2005 | 1997 | ||||||
Retirement | 2005 | 2002 | 2002 | 2002 | 2003 | 2005 | 2002 | ||||||
Science & Technology | 2005 | 2001 | 1994 | 1994 | 2003 | 2005 | 2001 | ||||||
Short-Term Bond | 2006 | 1983 | 2001 | 2001 | 2003 | 2005 | 1992 | ||||||
Short-Term Income | 2006 | 2006 | 2006 | 2006 | 2006 | 2006 | 2006 | ||||||
Small-Cap Stock | 2005 | 2001 | 1992 | 1992 | 2003 | 2005 | 2001 | ||||||
Small-Cap Value | 2005 | 2001 | 1994 | 1994 | 2003 | 2005 | 2001 | ||||||
Spectrum | 2005 | 2001 | 1999 | 1999 | 2003 | 2005 | 2001 | ||||||
State Tax-Free Income Trust | 2006 | 1986 | 2001 | 2001 | 2003 | 2005 | 1992 | ||||||
Summit | 2006 | 1993 | 2001 | 2001 | 2003 | 2005 | 1993 | ||||||
Summit Municipal | 2006 | 1993 | 2001 | 2001 | 2003 | 2005 | 1993 | ||||||
Tax-Efficient | 2005 | 2001 | 1997 | 1997 | 2003 | 2005 | 2001 | ||||||
Tax-Exempt Money | 2006 | 1983 | 2001 | 2001 | 2003 | 2005 | 1992 | ||||||
Tax-Free High Yield | 2006 | 1984 | 2001 | 2001 | 2003 | 2005 | 1992 | ||||||
Tax-Free Income | 2006 | 1983 | 2001 |
2001 | 2003 | 2005 | 1992 | ||||||
Tax-Free Intermediate | 2006 | 1992 | 2001 | 2001 | 2003 | 2005
| 1992 | ||||||
Tax-Free Short-Intermediate | 2006 | 1983 | 2001 | 2001 | 2003 | 2005 | 1992 | ||||||
U.S. Bond Ind
ex | 2006 | 2000 | 2001 | 2001 | 2003 | 2005 | 2000 | ||||||
U.S. Treasury | 2006 | 1989 | 2
001 | 2001 | 2003 | 2005 | 1992 | ||||||
Value | 2005 | 2001 | 1994 | 1994 | 2003 | 2005 | 2001 |
Fund/Corporation/Trust | Inside Directors | ||||||
---|---|---|---|---|---|---|---|
Bernard | Laporte | Miller< br> | Rogers | ||||
Balanced | 2006 | | | 2006 | |||
Blue Chip Growth | 2006 | | | 2006 | |||
California Tax-Free Income Trust | 2006 | | 2004 | | |||
Capital Appreciation | 2006 |
151; | | 2006 | |||
Capital Opportunity | 2006 | 1994 | | | |||
Corporate Income | 2006 | | 2004 | | |||
Developing Technologies | 2006 | | | 2006 | |||
Diversified Mid-Cap Growth | 2006 | | | 2006 | |||
Diversified Small-Cap Growth | 2006 | 1997 | | | |||
Dividend Growth | 2006 | | 2006 | ||||
Equity Income | 2006 | | | 2006 | |||
Equity Series | 2006 | | | ||||
Financial Services | 2006 | | | 2006 | |||
Fixed Income Series | 2006 | | 2004 | | |||
Global Technology | 2006 | | | 2006 | |||
GNMA | 2006 | | 2004 | | |||
Growth & Income | 2006 | | | 2006 | |||
Growth Stock | 2006 | <
td style=""> | 2006 | ||||
Health Sciences | 2006 | 1995 | | | |||
High Yield | 2006 | <
td style="">2004 | | ||||
Index Trust | 2006 | | | 2006 | |||
Inflation Protected Bond | 2006
| | 2004 | | |||
Institutional Equity | 2006 | | | 2006 | |||
Institutional Income | 2006 | | 2004 | | |||
Institutional International | 2006 | | | 2006 | |||
International | 2006 | | | 2006 | |||
International Index | 2006 | | | 2006 | |||
International Series | 2006 | | | 2006 | |||
Media & Telecommunications | 2006 | | | 2006 | |||
Mid-Cap Growth | <
font style="font-size:10.0pt;" face="Berkeley Book">2006 | | | 2006 | |||
Mid-Cap Value | 2006 | | | 2006 | |||
New America Growth | 2006 | 1985 | | | |||
New Era | 2006 | | | 2006 | |||
New Horizons | <
font style="font-size:10.0pt;" face="Berkeley Book">2006 | 1988 | | | |||
New Income | 2006 | | 2004 | | |||
Personal Strategy | 2006 | | | 2006 | |||
Prime Reserve | 2006 | | 2004 | | |||
Real Estate |
2006 | | | 2006 | |||
TRP Reserve Investment | 2006 | | 2004 | | |||
Retirement | 2006 | | | 2006 | |||
Science & Technology | 2006 | 1988 | | | |||
Short-Term Bond | 2006 | | 2004 | | |||
Short-Term Income | 2006 | | 2006 | | |||
Small-Cap Stock | 2006 | 1994 | | | |||
Small-Cap Value | 2006 | 1994 | | | |||
2006 | | | 2006 | ||||
State Tax-Free Income Trust | 2006 | | 2004 | | |||
Summit | 2006 | | 2004 | | |||
Summit Municipal | 2006 | | 2004 | | |||
Tax-Efficient | 2006 | | | 2006 | |||
Tax-Exempt Money | 2006 | | 2004 | | |||
Tax-Free High Yield | 2006 | | 2004 | | |||
Tax-Free Income | 2006 | | 2004 | | |||
Tax-Free Intermediate | 2006 | | 2004 | | |||
Tax-Free Short-Intermediate | 2006 | | 2004 | | |||
U.S. Bond Index | 2006 | | 2004 | | |||
U.S. Treasury | 2006 | | 2004 | | |||
Value | 2006 | | | 2006 |
Fund | Name | Position Held With Fund |
---|---|---|
All funds | Roger L. Fiery III Gregory S. Golczewski Henry H. Hopkins Julie L. Waples Joseph A. Carrier Patricia B. LippertJohn R. Gilner | Vice President Vice President Vice President Vice President Treasurer Secretary Chief Compliance Officer |
Fund | Name | Position Held With Fund |
---|---|---|
Balanced | Edmund M. Notzon III Richard T. Whitney E. Frederick Bair Stephen Boesel Wendy R. Diffenbaugh Raymond A. Mills Mark J. Vaselkiv (See preceding table for remaining officers) | President Executive Vice President Vice President Vice President Vice President Vice President Vice President |
Blue Chip Growth | Larry J. Puglia P. Robert Bartolo Peter J. Bates D. Kyle Cerminara Donald J. Easley Henry M. Ellenbogen Thomas J. Huber Kris H. Jenner Jason Nogueira Timothy E. Parker Karen M. Regan Robert W. Sharps Robert W. Smith Joshua K. Spencer (See preceding table for remaining officers) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
California Tax-Free Income Trust California Tax-Free Bond California Tax-Free Money | Mary J. Miller Joseph K. Lynagh Konstantine B. Mallas Hugh D. McGuirk Steven G. Brook s G. Richard Dent Alan D. Levenson James M. McDonald Linda A. Murphy M. Helena Condez T. Dylan Jones Timothy G. Taylor (See preceding table for remaining officers) | President Executive Vice President Executive Vice President Executive Vice President Vice President Vice President Vice President Vice President Vice President Assistant Vice President Assistant Vice President Assistant Vice President |
Capital Appreciation | John D. Linehan Jeffrey W. Arricale David R. Giroux Andrew M. Brooks Mark S. Finn David M. Lee Michael J. McGonigle Sudhir Nanda Brian C. Rogers William J. Stromberg David J. Wallack (See preceding table for remaining officers) | President Executive Vice President Executive Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Capital Oppo
rtunity font> | William J. Stromberg Kennard W. Allen Jeffrey W. Arricale Laurie M. Bertner D. Kyle Cerminara David J. Eiswert Mark S. Finn Ann M. Holcomb Michael W. Holton Philip A. Nestico Charles G. Pepin Robert T. Quinn Joshua K. Spencer Richard T. Whitney (See preceding table for remaining officers) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Corporate Income | David A. Tiberii Mark J. Vaselkiv Steven G. Brooks Jennifer A. Callaghan Vernon A. Reid, Jr. Thea N. Williams (See preceding table for remaining officers) | President Executive Vice President Vice President Vice President Vice President Vice President |
Developing Technologies | Jeffrey Rottinghaus Kennard W. Allen Laurie M. Bertner Christopher W. Carlson David J. Eiswert Henry M. Ellenbogen Hugh M. Evans III Michael F. Sola Joshua K. Spencer Chirag Vasavada Wenhua Zhang (See preceding table for remaining officers) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Diversified Mid-Cap Growth | Donald J. Peters Donald J. Easley Sudhir Nanda Philip A. Nestico John F. Wakeman Mark R. Weigman (See preceding table for remaining officers) | President Vice President Vice President Vice President Vice President Vice President |
Diversified Small-Cap Growth | Paul W. Wojcik Richard T. Whitney E. Frederick Bair Donald J. Easley Christopher W. Edge John H. Laporte Sudhir Nanda Philip A. Nestico Donald J. Peters (See preceding table for remaining officers) | President Executive Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Dividend Growth | Thomas J. Huber P. Robert Bartolo David R. Giroux Michael W. Holton David M. Lee Jason Nogueira Timothy E. Parker Donald J. Peters Karen M. Regan William J. Stromberg (See preceding table for remaining officers) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Equity Income | Brian C. Rogers Jeffrey W. Arricale Stephen Boesel Andrew M. Brooks Mark S. Finn David R. Giroux Michael W. Holton John D. Linehan William J. Stromberg (See p receding table for remaining officers) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Financial Services | Michael W. Holton Jeffrey W. Arricale D. Kyle Cerminara Anna M. Dopkin Christopher T. Fortune Philip A. Nestico Hwee Jan Ng Joseph Rohm Federico Santilli Gabriel Solomon Eric L. Veiel J. David Wagner (See preceding table for remaining officers) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Global Technology | Robert N. Gensler Jeffrey Rottinghaus Kennard W. Allen R. Scott Berg David J. Eiswert May Foo Philip A. Nestico Hiroaki Owaki Michael F. Sola Joshua K. Spencer Chirag Vasavada Wenhua Zhang (See preceding table for remaining officers) | President Executive Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
GNMA | Connice A. Bavely Keir R. Joyce Alan D. Levenson Mary J. Miller John D. Wells (See preceding table for remaining officers) | President Vice President Vice President Vice President Vice President |
Growth & Income | Anna M. Dopkin Francisco Alonso Timothy F. Bei Laurie M. Bertner David R. Giroux Michae l W. Holton David M. Lee Sudhir Nanda Karen M. Regan Robert W. Sharps Joshua K. Spencer (See preceding table for remaining officers) | PresidentVice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Growth Stock | Robert W. Smith Robert W. Sharps P. Robert Bartolo D. Kyle Cerminara Anna M. Dopkin Henry M. Ellenbogen Joseph B. Fath Robert N. Gensler Kris H. Jenner D. James Prey III Larry J. Puglia Michael F. Sola Joshua K. Spencer (See preceding table for remaining officers) | President Executive Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Health Sciences | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President | |
High Yield | Mark J. Vaselkiv Andrew M. Brooks Paul A. Karpers Kevin P. Loome Michael J. McGonigle Walter P. Stuart III Thomas E. Tewksbury Thea N. Williams David C. Beers Justin T. Gerbereux Paul M. Massaro Brian A. Rubin (See preceding table for remaining officers) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Assistant Vice President Assistant Vice President< br>Assistant Vice PresidentAssistant Vice President |
Index Trust Equity Index 500 Extended Equity Market Index Total Equity Market Index | E. Frederick Bair Ken D. Uematsu Wendy R. Diffenbaugh Sudhir Nanda Richard T. Whitney Paul W. Wojcik (See preceding tab le for remaining officers) | President Executive Vice President Vice President Vice President Vice President Vice President |
Inflation Protected Bond | Daniel O. Shackelford Connice A. Bavely Brian J. Brennan Alan D. Levenson Cheryl A. Mickel Mary J. Miller Edmund M. Notzon III Vernon A. Reid, Jr. Jennifer A. Callaghan Michael J. Grogan (See preceding table for remaining officers) | President Vice President Vice President Vice President Vice President Vice Presi dent Vice President Vice President Assistant Vice President Assistant Vice President |
Institutional Equity Funds Institutional Concentrated Large-Cap Value Institutional Large-Cap Core Growth Institutional Large-Cap Growth Institutional Large-Cap Value Institutional Mid-Cap Equity Growth Institutional Small-Cap Stock | Brian C. Rogers Brian W.H. Berghuis John D. Linehan Gregory A. McCrickard Larry J. Puglia Robert W. Sharps Robert W. Smith Preston G. Athey Anna M. Dopkin David R. Giroux M. Campbell Gunn Thomas J. Huber Joseph M. Milano Charles G. Pepin John F. Wakeman David J. Wallack Richard T. Whitney (See preceding table for remaining officers) | President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Institutional Income Funds Institutional Core Plus Institutional High Yield | Mary J. Miller Brian J. Brennan Mark J. Vaselkiv Connice A. Bavely Andrew M. Brooks Michael J. Conelius Paul A. Karpers Ian D. Kelson Kevin P. Loome Michael J. McGonigle Daniel O. Shackelford Walter P. Stuart III Thomas E. Tewksbury David A. Tiberii Thea N. Williams David C. Beers Justin T. Gerbereux Paul M. Massaro Brian A. Rubin (See preceding table for remaining officers) | President Executive Vice President Executive Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice P resident Vice President Assistant Vice President Assistant Vice President Assistant Vice President Assistant Vice President |
Institutional International Funds Institutional Emerging Markets Equity Institutional Foreign Equity Institutional Global Equity | David J.L. Warren Christopher D. Alderson R. Scott Berg Mark C.J. Bickford-Smith Robert N. Gensler M. Campbell Gunn R. Todd Ruppert Dean Tenerelli William F. Wendler II Edward A. Wiese (See preceding table for remaining officers) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
International Funds Emerging Europe & Mediterranean Emerging Markets Bond Emerging Markets Stock European Stock Global Stock International Bond International Discovery International Growth & Income International Stock Japan Latin America New Asia | David J.L. Warren Mark C.J. Bickford-Smith Frances Dydasco Robert N. Gensler Raymond A. Mills Christopher D. Alderson M. Kamran Baig P. Robert Bartolo R. Scott Berg Brian J. Brennan Michael J. Conelius Mark J.T. Edwards Henry M. Ellenbogen M. Campbell Gunn Michael W. Holton Kris H. Jenner Ian D. Kelson John D. Linehan Anh Lu Philip A. Nestico Charles M. Ober David Oestreicher Gonzalo Px87 ngaro Christopher J. Rothery Robert W. Sharps Robert W. Smith Michael F. Sola Dean Tenerelli Justin Thomson William F. Wendler II Richard T. Whitney Edward A. Wiese Clive Williams Ann B. Cranmer (See preceding table for remaining officers) | President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Vice President Vice President Vice President Vice Pr esident Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Assistant Vice President |
International Index Fund International Equity Index | E. Frederick Bair Neil Smith Ken D. Uematsu Richard T. Whitney Paul W. Wojcik (See preceding table for remaining officers) | Pre
sident Executive Vice President Vice President Vice President Vice President |
Media & Telecommunications | Robert N. Gensler P. Robert Bartolo Henry M. Ellenbogen Ulle Adamson Kara Cheseby David J. Eiswert Joseph B. Fath May Foo Jean Medecin Curt J. Organt D. James Prey III Robert W. Smith Christopher S. Whitehouse Ernest C. Yeung Wenhua Zhang (See pr eceding table for remaining officers) | President Executive Vice President Executive Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Mid-Cap Growth | Brian W.H. Berghuis John F. Wakeman Kennard W. Allen P. Robert Bartolo Timothy F. Bei R. Scott Berg Henry M. Ellenbogen Kris H. Jenner Robert J. Marcotte Joseph M. Milano Jeffrey Rottinghaus Taymour R. Tamaddon (See preceding table for remaining officers) | President Executive Vice PresidentVice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Mid-Cap Value | David J. Wallack P. Robert Bartolo Laurie M. Bertner Christopher W. Carlson Kara Cheseby Henry M. Ellenbogen Gregory A. McCrickard Heather K. McPherson Joseph M. Milano J. David Wagner (See preceding table for remaining officers) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President< /font> Vice President |
New America Growth | Joseph M. Milano Francisco Alonso Jeffrey W. Arricale R. Scott Berg Brian W.H. Berghuis Robert J. Marcotte Jason Nogueira Jeffrey Rottinghaus Robert W. Sharps Robert W. Smith Eric L. Veiel (See preceding table for remaining officers) | President Vice President< font style="font-size:10.0pt;" face="Berkeley Book"> Vice President Vice President Vice President Vice President Vice President Vice President Vice President < /font>Vice President Vice President |
New Era | Charles M. Ober Mark S. Finn Susan J. Klein David M. Lee John D. Linehan Heather K. McPherson Christian M. O`Neill Timothy E. Parker David J. Wallack (See preceding table for remaining officers) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
New Horizons | John H. Laporte Kennard W. Allen Francisco Alonso P. Robert Bartolo R. Scott Berg Brian W.H. Berghuis Christopher W. Carlson Hugh M. Evans III Joseph B. Fath Kris H. Jenner Jay S. Markowitz Jason Nogueira Timothy E. Parker Jeffrey Rottinghaus Michael F. Sola John F. Wakeman Wenhua Zhang Francies W. Hawks (See preceding table for remaining officers) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Assistant Vice President |
New Income | Daniel O. Shackelford Connice A. Bavely Brian J. Brennan Alan D. Levenson Edmund M. Notzon III Vernon A. Reid, Jr. David A. Tiberii Jennifer A. Callaghan< font style="font-size:10.0pt;" face="Berkeley Book"> Michael J. Grogan (See preceding table for remaining officers) | President Vice President Vice President Vice President Vice President Vice President Vice President Assistant Vice President Assistant Vice President |
Personal Strategy Funds Personal Strategy Balanced Personal Strateg y Growth Personal Strategy Income | Edmund M. Notzon III Stephen Boesel Larry J. Puglia Kenneth D. Fuller John H. Laporte Mary J. Miller Raymond A. Mills Brian C. Rogers Charles M. Shriver Mark J. Vaselkiv Richard T. Whitney (See preceding table for remaining officers) | President Executive Vice President Executive Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Prime Reserve | James M. McDonald Steven G. Brooks Brian E. Burns Alisa Fiumara Alan D. Levenson Joseph K. Lynagh Mary J. Miller Susan G. Troll Edward A. Wiese Terri L. Hett (See preceding table for remaining officers) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Assistant Vice President |
Real Estate | David M. Lee Richard N. Clattenburg Anna M. Dopkin Joseph B. Fath Thomas J. Huber Philip A. Nestico Charles M. Ober Theodore E. Robson (See preceding table for remaining officers) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
TRP Reserve Investment Funds TRP Government Reserve Investment TRP Reserve Investment | James M. McDonald Steven G. Brooks Brian E. Burns Alan D. Levenson Joseph K. Lynagh Mary J. Miller Edward A. Wiese Terri L. Hett (See preceding table for remaining officers) | President Vice President Vice President Vice President Vice President Vice President Vice President Assistant Vice President |
Retirement Funds Retirement 2005 Retirement 2010 Retirement 2015 Retirement 2020 Retirement 2025 Retirement 2030 Retirement 2035 Retirement 2040 Retirement 2045 Retirement Income | Edmund M. Notzon III Stephen Boesel Brian W.H. Berghuis Jerome A. Clark Kenneth D. Fuller John H. Laporte David M. Lee Gregory A. McCrickard Mary J. Miller Larry J. Puglia Brian C. Rogers Mark J. Vaselkiv David J.L. Warren Richard T. Whitney Edward A. Wiese (See preceding table for remaining officers) | President Executive Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Science & Technology | Michael F. Sola Kennard W. Allen Donald J. Easley David J. Eiswert Henry M. Ellenbogen Robert N. Gensler Jill L. Hauser D. James Prey III Jeffrey Rottinghaus Joshua K. Spencer Chirag Vasavada Wenhua Zhang (See preceding table for remaining officers) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Short-Term Bond | Edward A. Wiese Connice A. Bavely Brian J. Brennan Steven G. Brooks Jennifer A. Callaghan Charles B. Hill Cheryl A. Mickel Vern on A. Reid, Jr. Daniel O. Shackelford John D. Wells Bridget A. Ebner Michael J. Grogan Keir R. Joyce (See preceding table for remaining officers) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Assistant Vice President Assistant Vice President Assistant Vice President |
Short-Term Income | Edward A. Wiese Brian J. Brennan Brian E. Burns Jennifer A. Callaghan Jerome A. Clark Wyatt A. Lee James M. McDonald Edmund M. Notzon III Michael F. Reinartz Danniel O. Shackelford John D. Wells Bridget A. Ebner Keir R. Joyce | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Assistant Vice President Assistant Vice President |
Small-Cap Stock | Gregory A. McCrickard Francisco Alonso Preston G. Athey Ira W. Carnahan Hugh M. Evans III Robert J. Marcotte Jay S. Markowitz Joseph M. Milano Curt J . Organt Jeffrey Rottinghaus J. David Wagner Wenhua Zhang (See preceding table for remaining officers) | President Vice President Vice PresidentVice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Small-Cap Value | Preston G. Athey Hugh M. Evans III Susan J. Klein Gregory A. McCrickard Curt J. Organt J. David Wagner David J. Wallack Zhang Wenhua Francies W. Hawks (See preceding table for remaining officers) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Assistant Vice President |
Spectrum Funds Spectrum Growth Spectrum Income Spectrum International | Edmund M. Notzon III John H. Laporte Mary J. Miller David J.L. Warren Mark C.J. Bickford-Smith Kenneth D. Fuller Raymond A. Mills Brian C. Rogers Charles M. Shriver Robert W. Smith (See preceding table for remaining officers) | President Executive Vice President Executive Vice President Executive Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
State Tax-Free Income Trust Florida Intermediate Tax-Free Georgia Tax-Free Bond Maryland Short-Term Tax-Free Bond Maryland Tax-Free Bond Maryland Tax-Free Money New Jersey Tax-Free Bond New York Tax-Free Bond< font style="font-size:10.0pt;" face="Berkeley Book" color="Black"> New York Tax-Free Money Virginia Tax-Free Bond | Mary J. Miller Charles B. Hill Joseph K. Lynagh Konstantine B. Mallas Hugh D. McGuirk Steven G. Brooks Jonathan M. Chirunga G. Richard Dent Marcy M. Lash Alan D. Levenson James M. McDonald Linda A. Murphy M. Helena Condez T. Dylan Jones Philip J. Kligman Timothy G. Taylor (See preceding table for remaining officers) | President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Assistant Vice President Assistant Vice President Assistant Vice President Assistant Vice President |
Summit Funds Summit Cash Reserves Summit GNMA | Edward A. Wiese Connice A. Bavely James M. McDonald Steven G. Brooks Brian E. Burns Alisa Fiumara Keir R. Joyce Alan D. Levenson Joseph K. Lynagh Cheryl A. Mickel Mary J. Miller Susan G. Troll John D. Wells Terri L. Hett (See preceding table for remaining officers) | President Executive Vice President Executive Vice President Vice President Vice President Vice President Vice President Vice President Vice Presid ent Vice President Vice President Vice President Vice President Assistant Vice President |
Summit Municipal Funds Summit Municipal Money Market Summit Municipal Intermediate Summit Municipal Income | Mary J. Miller Charles B. Hill Joseph K. Lynagh Konstantine B. Mallas Steven G. Brooks G. Richard Dent Alan D. Levenson James M. McDonald Hugh D. McGuirk James M. Murphy Edward A. Wiese M. Helena Condez T. Dylan Jones Philip J. Kligman Timothy G. Taylor (See preceding table for remaining officers) | President Executive Vice President Executive Vice President Executive Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Assistant Vice President Assistant Vice President Assistant Vice President Assistant Vice President |
Tax-Efficient Funds Tax-Efficient Balanced Tax-Efficient Growth Tax-Efficient Multi-Cap Growth | Donald J. Peters Hugh D. McGuirk Donald J. Easley Jill L. Hauser Mary J. Miller William J. Stromberg Mark R. Weigman Philip J. Kligman (See preceding table for remaining officers) | President Executive Vice President Vice President Vice President Vice President Vice President Vice President Assistant Vice President |
Tax-Exempt Money | Joseph K. Lynagh Steven G. Brooks G. Richard Dent Marcy M. Lash Alan D. Levenson James M. McDonald Mary J. Miller Edward A. Wiese M. Helena Condez T. Dylan Jones (See preceding table for remaining officers) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Assistant Vice President Assistant Vice President |
Tax-Free High Yield | James M. Murphy R. Lee Arnold, Jr. G. Richard Dent Charles B. Hill Marcy M. Lash Konstantine B. Mallas Hugh D. McGuirk Mary J. Miller Philip J. Kligman Timothy G. Taylor (See preced ing table for remaining officers) | President Executive Vice President Vice President Vice President Vice President Vice President Vice President< br>Vice President Assistant Vice President Assistant Vice President |
Tax-Free Income | Mary J. Miller Jonathan M. Chirunga G. Richard Dent Charles B. Hill Marcy M. Lash Konstantine B. Mallas Hugh D. McGuirk James M. Murphy Timothy G. Taylor (See preceding table for remaining officers) | President Vice President Vice President Vice President Vice President Vice President Vice President Assistant Vice President |
Tax-Free Intermediate Bond | Charles B. Hill Konstantine B. Mallas Hugh D. McGuirk Edward A. Wiese Philip J. Kligman Timothy G. Taylor (See preceding table for remaining officers) | President Vice President Vice President Vice President Assistant Vice President Assistant Vice President |
Tax-Free Short-Intermediate | Charles B. Hill Marcy M. Lash Konstantine B. Mallas Hugh D. McGuirk Mary J. Miller Edward A. Wiese Philip J. Kligman Timothy G. Taylor (See preceding table for remaining officers) | President Vice President Vice President Vice President Vice President Vice President Assist ant Vice President Assistant Vice President |
U.S. Bond Index | Edmund M. Notzon III Charles M. Shriver Robert M. Larkins < font style="font-size:10.0pt;" face="Berkeley Book">(See preceding table for remaining officers) | President Executive Vice President Vice President |
U.S. Treasury Funds U.S. Treasury Intermediate U.S. Treasury Long-Term U.S. Treasury Money | Mary J. Miller font>Brian J. Brennan James M. McDonald Cheryl A. Mickel Steven G. Brooks Brian E. Burns Alan D. Levenson Joseph K. Lynagh Vernon A. Reid, Jr. Daniel O. Shackelford Michael J. Grogan Terri L. Hett (See preceding table for remaining officers) | President Executive Vice President Executive Vice President Executive Vice President Vice President Vice President Vice President Vice President Vice President Vice President Assistant Vice President Assistant Vice President |
Value | John D. Linehan Jeffrey W. Arricale Stephen Boesel Andrew M. Brooks Kara Cheseby David R. Giroux Michael W. Holton Heather K. McPherson Brian C. Rogers (See preceding table for remaining officers) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Name, Year of Birth, and Principal Occupation(s) During Past 5 Years | Position(s) Held With F und(s) |
---|---|
Ulle Adamson, 1979 Vice President, T. Rowe Price International, Inc.; formerly student, Sussex University and Stockholm School of Economics (to 2003); CFA | Vice President, Media & Telecom
munications Fund |
Christopher D. Alderson, 1962 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International, Inc. | Vice President, Institutional International Funds and International Funds |
Kennard W. Allen, 1977 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Capital
Opportunity Fund, Developing Technologies Fund, Global Technology Fund, Mid-Cap Growth Fund, New Horizons Fund, and Science & Technology Fund |
Francisco Alonso, 1978 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Growth & Income Fund, New America Growth Fund, New Horizons Fund, and Small-Cap Stock Fund |
R. Lee Arnold, Jr., 1970 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price International, Inc. | Executive Vice President, Tax-Free High Yield Fund |
Jeffrey W. Arricale, 1971 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CPA | Executive Vice President, Capital Appreciation Fund; Vice President, Capital Opportunity Fund, Equity Income Fund, Financial Services Fund, New America Growth Fund, and Value Fund |
Preston G. Athey, 1949 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T.& #160;Rowe Price Trust Company; CFA, CIC | President, Small-Cap Value Fund; Vice President, Institutional Equity Funds and Small-Cap Stock Fund |
M. Kamran Baig, 1962 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International, Inc.; formerly Head of European Research and Senior Portfolio Manager/Research Analyst, Goldman Sachs Asset Management (to 2004) | Vice President, International Funds |
E. Frederick Bair, 1969 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA, CPA | President, Index Trust and International Index Fund; Vice President, Balanced Fund and Diversified Small-Cap Growth Fund |
P. Robert Bartolo, 1972 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CPA | Executive Vice President, Media &
Telecommunications Fund; Vice President, Blue Chip Growth Fund, Dividend Growth Fund, Growth Stock Fund, International Funds, Mid-Cap Growth Fund, Mid-Cap Value Fund, and New Horizons Fund |
Peter J. Bates, 1974 Vice President, T. Rowe Price; formerly intern, T. Rowe Price (to 2004) and Vice President of Finance, Rent-A-Center, Inc. (to 2003); CFA | Vice President, Blue Chip Growth Fund |
Connice A. Bavely, 1951 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | President, GNMA Fund; Executive Vice President, Summit Funds; Vice President, Inflation Protected Bond Fund, Institutional Income Funds, New Income Fund, and Short-Term Bond Fund |
David C. Beers, 1970
Assistant Vice President, T. Rowe Price; formerly, High Yield Analyst, Chartwell Investment Partners and Business Analyst/Software Developer, Morgan Stanley Investment Management (to 2004); CFA | Assistant Vice President, High Yield Fund and Institutional Income Funds |
Timothy F. Bei, 1973 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; formerly student, University of Virginia (to 2003) | Vice President, Growth & Income Fund and Mid-Cap Growth Fund |
R. Scot
t Berg, 1972 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; formerly student, Stanford Graduate School of Business (to 2002) | Vice President, Global Technology Fund, Institutional International F
unds, International Funds, Mid-Cap Growth Fund, New America Growth Fund, and New Horizons Fund |
Brian W.H. Berghuis, 1958 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | President, Mid-Cap Growt
h Fund; Executive Vice President, Institutional Equity Funds; Vice President, New America Growth Fund, New Horizons Fund, and Retirement Funds |
Laurie M. Bertner, 1977 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Capital Opportunity Fund, Developing Technologies Fund, Growth & Income Fund, Health Sciences Fund, and Mid-Cap Value Fund |
Mark C.J. Bickford-Smith, 1962 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International, Inc. | Executive Vice President, International Funds; Vice President, Institutional International Funds and Spectrum Funds |
Stephen Boesel, 1944 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company | Executive Vice President, Personal Strategy Funds and Retirement Funds; Vice President Balanced Fund, Equity Income Fund, and Value Fund |
Brian J. Brennan, 1964 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA | Executive Vice President, Institutional Income Funds and U.S. Treasury Funds; Vice President, Inflation Protected Bond Fund, International Funds, New Income Fund, Short-Term Bond Fund, and Short-Term Income Fund |
Andrew M. Brooks, 1956 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Capital Appreciation Fund, Equity Income Fund, High Yield Fund, Institutional Income Funds, and Value Fund |
Steven G. Brooks, 1954 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, California Tax-Free Funds, Corporate Income Fund, Prime Reserve Fund, TRP Reserve Investment Funds, Short-Term Bond Fund, State Tax-Free Funds, Summit Funds, Summit Municipal Funds, Tax-Exempt Money Fund, and U.S. Treasury Funds |
Brian E. Burns, 1960 Vice President, T. Rowe Price | Vice President, Prime Reserve Fund, TRP Res
erve Investment Funds, Short-Term Income Fund, Summit Funds, and U.S. Treasury Funds |
G. Mark Bussard, 1972 Employee, T. Rowe Price; formerly Co-founder and Chief Operating Officer, Rivanna Pharmaceuticals (to 2006); formerly student, Darden Graduate School of Business and University of Virginia (to 2004); Research Assistant Professor, University of Virginia (to 2002) | Vice President, Health Sciences Fund |
Jennifer A. Callaghan, 1969 Vice President, T. Rowe Price | Vice President, Corporate Income Fund, Short-Term Bond Fund, and Short-Term Income Fund; Assistant Vice President, Inflation Protected Bond Fund and New Income Fund |
Christopher W. Carlson, 1967 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Developing Technologies Fund, Mid-Cap Value Fund, and New Horizons Fund |
Ira W. Carnahan, 1963 Employee, T. Rowe Price; formerly Associate Editor, Forbes Magazine (to 2005) | Vice President, Small-Cap Stock Fund |
Joseph A.
Carrier, 1960 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., T. Rowe Price Investment Services, Inc., and T. Rowe Price Trust Company; CPA | Treasurer, all funds |
D. Kyle Cerminara, 1977 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, Blue Chip Growth Fund, Capital Opportunity Fund, Financial Services Fund, and Growth Stock Fund |
Kara Cheseby, 1963 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, Media & Telecommunications Fund, Mid-Cap Value Fund, and Value Fund |
Jonathan M. Chirunga, 1966 Vice President, T. Rowe Price | Vice President, State Tax-Free Funds and Tax-Free Income Fund |
Jerome A. Clark, 1961 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., T. Rowe Price Investment Services, Inc., and T. Rowe Price Trust Company; CFA | Vice President, Retirement Funds and Short-Term Income Fund |
Richard N. Clattenburg, 1979 Employee, T. Rowe Price; formerly Financial Analyst, Goldman Sachs (to 2005) | Vice President, Real Estate Fund |
M. Helena Condez, 1962 Assistant Vice President, T. Rowe Price | Assistant Vice President, California Tax-Free Funds, State Tax-Free Funds, Summit Municipal Funds, and Tax-Exempt Money Fund |
Michael J. Conelius, 1964 Vice President, T. Rowe Price, T. 60;Rowe Price Group, Inc., and T. Rowe Price International, Inc.; CFA | Vice President, Institutional Income Funds and International Funds |
Ann B. Cranmer, 1947 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International, Inc.; Vice President and Secretary, T. Rowe Price Global Asset Management Limited and T. Rowe Price Global Investment Services Limited; FCIS | Assistant Vice President, International Funds |
G. Richard Dent, 1960 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, California Tax-Free Funds, State Tax-Free Funds, Summit Municipal Funds, Tax-Exempt Money Fund, Tax-Free High Yield Fund, and Tax-Free Income Fund |
Wendy R. Diffenbaugh, 1953 Vice President, T. Rowe Price | Vice President, Balanced Fund and Index Trust |
Anna M. Dopkin, 1967 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA | President, Growth & Income Fund; Vice President, Financial Services Fund, Growth Stock Fund, Institutional Equity Funds, and Real Estate Fund |
Frances Dydasco, 1966 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International, Inc. | Executive Vice President, International Funds < /td> |
Donald J. Easley, 1971 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, Blue Chip Growth Fund, Diversified Mid-Cap Growth Fund, Diversified Small-Cap Growth Fund, Science & Technology Fund, and Tax-Efficient Funds |
Bridget A. Ebner, 1970 Assistant Vice President, T. Rowe Price | Assistant Vice President, Short-Term Bond Fund and Short-Term Income Fund |
Christopher W. Edge, 1969 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Diversified Small-Cap Growth Fund |
Mark J.T. Edwards, 1957 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International, Inc. | Vice President, International Funds |
David J. Eiswert, <
font style="font-size:10.0pt;" face="Berkeley Book">1972 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; formerly Analyst, Mellon Growth Advisors and Fidelity Management and Research (to 2003); CFA | Vice President, Capital Opportunity Fund, Developing Techn
ologies Fund, Global Technology Fund, Media & Telecommunications Fund, and Science & Technology Fund |
Henry M. Ellenbogen, 1971 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Executive Vice President, Media & Telecommunications Fund; Vice President, Blue Chip Growth Fund, Developing Technologies Fund, Growth Stock Fund, International Funds, Mid-Cap Growth Fund, Mid-Cap Value Fund, and Science & Technology Fund |
Hugh M. Evans III, 1966 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, Developing Technologies Fund, New Horizons Fund, Small-Cap Stock Fund, and Small-Cap Value Fund |
Joseph B. Fath, 1971 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CPA | Vice President, Growth Stock Fund, Media & Telecommunications Fund, New Horizons Fund, and Real Estate Fund |
Roger L. Fiery III, 1959 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., T. Rowe Price International, Inc., and T. Rowe Price Trust Company; CPA | Vice President, all funds |
Mark S. Finn, 1963 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA, CPA | Vice President, Capital Appreciation Fund, Capital Opportunity Fund, Equity Income Fund, and New Era Fund |
Alisa Fiumara, 1974 Vice President, T. Rowe Price; CFA | Vice President, Prime Reserve Fund and Summit Funds |
May Foo, 1977 < font style="font-size:10.0pt;" face="Berkeley Book" color="Black">Employee, T. Rowe Price; CFA | Vice President, Global Technology Fund and Media & Telecommunications Fund |
Christopher T. Fortune, 1973 Employee, T. Rowe Price; formerly intern, Hillman Capital Management (to 2005) | Vice President, Financial Services Fund |
Kenneth D. Fuller, 1958 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Personal Strategy Funds, Retirement Funds, and Spectrum Funds |
Robert N. Gensler,
1957 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price International, Inc. | President, Global Technology Fund and Media & Telecommunications Fund; Executive Vice President, International Funds; Vice President, Growth Stock Fund, Institutional International Funds, and Science & Technology Fund |
Justin T. Gerbereux, 1975 Vice President, T. Rowe Price; formerly student, Mary Washington College and Darden School of Business Administration, University of Virginia (to 2003); Equity Research Intern, Mellon Growth Advisors, LLC. (to 2002); and Senior Investment Associate and Investment Performance Analyst, Cambridge Associates, LLC. (to 2001); CFA | Assistant Vice President, High Yield Fund and Institutional Income Funds |
John R. Gilner, 1961 Chief Compliance Officer and Vice President, T. Rowe Price; Vice President, T. Rowe Price Group, Inc. and T. Rowe Price Investment Services, Inc. | Chief Compliance Officer, all funds |
David R. Giroux, 1975 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Executive Vice President, Capital Appreciation Fund; Vice President, Dividend Growth Fund, Equity Income Fund, Growth & Income Fund, Institutional Equity Funds, and Value Fund |
Gregory S. Golczewski, 1966 Vice President, T. Rowe Price and T. Rowe Price Trust Company | Vice President, all funds |
Michael J. Grogan, 1971 Assistant Vice President, T. Rowe Price; CFA | Assistant Vice President, Inflation Protected Bond Fund, New Income Fund, Short-Term Bond Fund, and U
.S. Treasury Funds |
M. Campbell Gunn, 1956 Vice President, T. Rowe Price Global Investment Services Limited, T. Rowe Price Group, Inc., and T. Rowe Price International, Inc. | Vice President, Institutional Equity Funds, Institutional International Funds, and International Funds |
Jill L. Hauser, 1958 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Science & Technology Fund, and Tax-Efficient Funds |
Francies W. Hawks, 1944 Assistant Vice President, T. Rowe Price | Assistant Vice President, New
Horizons Fund and Small-Cap Value Fund |
Terri L. Hett, 1959 Employee, T. Rowe Price | Assistant Vice President, Prime Reserve Fund, TRP Reserve Investment Funds, Summit Funds, and U.S. Treasury Funds |
Charles B. Hill, 1961 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | President, Tax-Free Intermediate Bond Fund and Tax-Free Short-Intermediate Fund;
Executive Vice President, State Tax-Free Funds and Summit Municipal Funds; Vice President, Short-Term Bond Fund, Tax-Free High Yield Fund, and Tax-Free Income Fund |
Ann M. Holcomb, 1972 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA | Vice President, Capital Opportunity Fund |
Michael W. Holton, 1968 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | President, Financial Services Fund; Vice President, Capital Opportunity Fund, Dividend Growth Fund, Equity Income Fund, Growth & Income Fund, International Funds, and Value Fund |
Henry
H. Hopkins, 1942 Director and Vice President, T. Rowe Price Investment Services, Inc., T. Rowe Price Services, Inc., and T. Rowe Price Trust Company; Vice President, T. Rowe Price, T. Rowe Price Group, Inc., T. Rowe Price International, Inc., and T. Rowe Price Retirement Plan Services, Inc. | Vice President, all funds |
Thomas J. Huber, 1966 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | President, Dividend Growth Fund; Vice President, Blue Chip Growth Fund, Institutional Equity Funds, and Real Estate Fund |
Kris H. Jenner, 1962 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; M.D., D. Phil. | President, Health Sciences Fund; Vice President, Blue Chip Growth Fund, Growth Stock Fund, International Funds, Mid-Cap Growth Fund, and New Horizons Fund |
T. Dylan Jones, 1971 Assistant Vice President, T. Rowe Price | Assistant Vice President, California Tax-Free Funds, State Tax-Free Funds, Summit Municipal Funds, and Tax-Exempt Money Fund |
Keir R. Joyce, 1972 Vice President, T. Rowe Price | Vice President, GNMA Fund and Summit Funds; Assistant Vice President, Short-Term Bond Fund and Short-Term Income Fund |
Paul A. Karpers, 1967 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, High Yield Fund and Institutional Income Funds |
Ian D. Kelson, 1956 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price International, Inc. | Vice President, Institutional Income Funds and International Funds |
Susan J. Klein, 1950 Vice President, T. Rowe Price | Vice President, Health Sciences Fund, New Era Fund, and Small-Cap Value Fund |
Philip J. Kligman, 1974
Assistant Vice President, T. Rowe Price; CFA | Assistant Vice President, State Tax-Free Funds, Summit Municipal Funds, Tax-Efficient Funds, Tax-Free High Yield Fund, Tax-Free Intermediate Bond Fund, and Tax-Free Short-Intermediate Fund |
Robert M. Larkins, 1973 Vice President, T. Rowe Price; formerly student, The Wharton School, University of Pennsylvania (to 2003); Research Engineer, The Dow Chemical Company (to 2001) | Vice President, U.S. Bond Index Fund |
Marcy M. Lash, 1963 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, State Tax-Free Funds, Tax-Exempt Money Fund, Tax-Free High Yield Fund, Tax-Free Income Fund, and Tax-Free Short-Intermediate Fund |
David M. Lee, 1962 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | President, Real Estate Fund; Vice President, Capital Appreciation Fund, Dividend Growth Fund, Growth & Income Fund, New Era Fund, and Retirement Funds |
Alan D. Levenson, 1958 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; Ph.D. | Vice President, California Tax-Free Funds, GNMA Fund, Inflation Protected Bond Fund, New Income Fund, Prime Reserve Fund, TRP Reserve Investment Funds, State Tax-Free Funds, Summit Funds, Summit Municipal Funds, Tax-Exempt Mone
y Fund, and U.S. Treasury Funds |
John D. Linehan, 1965 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | President, Capital Appreciation Fund and Value Fund; Executive Vice President, Institutional Equity Funds; Vice President, Equity Income Fund, International Funds, and New Era Fund |
Patricia B. Lippert, 1953 Assistant Vice President, T. Rowe Price and T. Rowe Price Investment Services, Inc. | Secretary, all funds |
Kevin P. Loome, 1967 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, High Yield Fund and Institutional Income Funds |
Anh Lu, 1968 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International, Inc. | Vice President, International Funds |
Joseph K. Lynag
h, 1958 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | President, Tax-Exempt Money Fund; Executive Vice President, California Tax-F
ree Funds, State Tax-Free Funds, and Summit Municipal Funds; Vice President, Prime Reserve Fund, TRP Reserve Investment Funds, Summit Funds, and U.S. Treasury Funds |
Konstantine B. Mallas, 1963 Vice President, T. Rowe Price and T. R owe Price Group, Inc. | Executive Vice President, California Tax-Free Funds, State Tax-Free Funds, and Summit Municipal Funds; Vice President, Tax-Free High Yield Fund, Tax-Free Income Fund, Tax-Free Intermediate Bond Fund, and Tax-Free Short-Intermediate Fund |
Robert J. Marcotte, 1962 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Mid-Cap Growth Fund, New America Growth Fund, and Small-Cap Stock Fund |
Jay S. Markowitz, 1962 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; M.D. | Vice President, Health Sciences Fund, New Horizons Fund, and Small-Cap Stock Fund |
Paul M. Massaro, 1975 Vice President, T. Rowe Price; formerly student, The Wharton Business School, University of Pennsylvania (to 2003); Equity Research Employee, Banc of America Securities and J.P. Morgan Chase (to 2002); CFA | Assistant Vice President, High Yield Fund and Institutional Income Funds |
Gregory A. McCrickard, 1958 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA | President, Small-Cap Stock Fund; Executive Vice President, Institutional Equity Funds; Vice President, Mid-Cap Value Fund, Retiremen
t Funds, and Small-Cap Value Fund |
James M. McDonald, 1949 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company | President, Prime Reserve Fund and TRP Reserve Investment Funds; Executive Vice President, Summit Funds and U.S. Treasury Funds; Vice President, California Tax-Free Funds, Short-Term Income Fund, State Tax-Free Funds, Summit Municipal Funds, and Tax-Exempt Money Fund |
Michael J. McGonigle, 1966 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Capital Appreciation Fund, High Yield Fund, and Institutional Income Funds |
Hugh D. McGuirk, 1960 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Executive Vice President, California Tax-Free Funds, State Tax-Free Funds, and Tax-Efficient Funds; Vice President, Summit Municipal Funds, Tax-Free High Yield Fund, Tax-Free Income Fund, Tax-Free Intermediate Bond Fund, and Tax-Free Short-Intermediate Fund |
Heather K. McPherson, 1967 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CPA | Vice President, Mid-Cap Value Fund, New Era Fund, and Value Fund |
Jean Medecin, 1971 Vice President, T. Rowe Price International, Inc.; formerly employee, Credit Lyonnais Asset Management/Credit Agricole Asset Management (to 2006) | Vice President, Media & Telecommunications Fund |
Cheryl A. Mickel, 1967 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | <
font style="font-size:10.0pt;" face="Berkeley Book">Executive Vice President, U.S. Treasury Funds; Vice President, Inflation Protected Bond Fund, Short-Term Bond Fund, and Summit Funds |
Joseph M. Milano, 1972 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | President, New America Growth Fund; Vice President, Institutional Equity Funds, Mid-Cap Growth Fund, Mid-Cap Value Fund, and Small-Cap Stock Fund |
Raymond A. Mills, 1960 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., a nd T. Rowe Price International, Inc.; Ph.D., CFA | Executive Vice President, International Funds; Vice President, Balanced Fund, Personal Strategy Funds, and Spectrum Funds |
James M. Murphy, 1967 Vice President, T. 0;Rowe Price and T. Rowe Price Group, Inc.; CFA | President, Tax-Free High Yield Fund; Vice President, Summit Municipal Funds and Tax-Free Income Fund |
Linda A. Murphy, 1959 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, California Tax-Free Funds and State Tax-Free Funds |
Sudhir Nanda, 1959 Vice President, T. Rowe Price and T. R owe Price Group, Inc.; Ph.D., CFA | Vice President, Capital Appreciation Fund, Diversified Mid-Cap Growth Fund, Diversified Small-Cap Growth Fund, Growth & Income Fund, and Index Trust |
Philip A. Nestico, 1976 Vice President, T. Rowe Price | Vice President, Capital Opportunity Fund, Diversified Mid-Cap Growth Fund, Diversified Small-Cap Growth Fund, Financial Services Fund, Global Technology Fund, International Funds, and Real Estate Fund |
Hwee Jan Ng, 1966 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International, Inc.; formerly Vice President of Equity Research, Merrill Lynch Investment Managers in Singapore (to 2005); CFA | Vice President, Financial Services Fund |
Jason Nogueira, 1974 Vice President, T. Rowe Price; formerly Healthcare Equity Analyst, Putnam Investments (to 2004); student, Harvard Business School (to 2003); CFA | Vice President, Blue Chip Growth Fund, Dividend Growth Fund, Health Sciences Fund, Ne
w America Growth Fund, and New Horizons Fund |
Edmund M. Notzon III, 1945 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., T. Rowe Price Investment Services, Inc., and T. Rowe Price Trust Company; Ph.D., CFA | President, Balanced Fund, Personal Strategy Funds, Retirement Funds, Spectrum Funds, and U.S. Bond Index Fund; Vice President, Inflation Protected Bond Fund, New Income Fund, and Short-Term Income Fund |
Charles M. Ober, 1950 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Presi
dent, New Era Fund; Vice President, International Funds and Real Estate Fund |
David Oestreicher, 1967 Vice President, T. Rowe Price, T. Rowe Price Global Asset Management Limited, T. Rowe Price Global Investm ent Services Limited, T. Rowe Price Group, Inc., T. Rowe Price International, Inc., T. Rowe Price Investment Services, Inc., and T. Rowe Price Trust Company | |
Christian M. O`Neill, 1969 Employee, T. Rowe Price; formerly Equity Research Analyst, Morgan Stanley and Trader and Operations Scheduler, Exxon Mobile Corporation (to 2006) | Vice President, New Era Fund |
Curt J. Orga
nt, 1968 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Media & Telecommunications Fund, Small-Cap Stock Fund and Small-Cap Value Fund |
Hiroaki Owaki, 1962 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price Global Investment Services Limited; formerly Senior Investment Analyst, ABN Amro Asset Management (to 2004); CFA | Vice President, Global Technology Fund |
Gonzalo Px87 ngaro, 1968 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International, Inc.; CFA | Vice President, International Funds |
Timothy E. Parker, 1974 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Blue Chip Growth Fund, Dividend Growth Fund, New Era Fund, and New Horizons Fund |
Charles G. Pepin, 1966 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; Director, T. Rowe Price Trust Company | Vice President, Capital Opportunity Fund, Health Sciences Fund, and Institutional Equity Funds |
Donald J. Peters, 1959 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | President, Diversified Mid-Cap Growth Fund and Tax-Efficient Funds; Vice President, Diversified Small-Cap Growth Fund and Dividend Growth Fund |
D. James Prey III, 1959 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Growth Stock Fund, Media & Tele
communications Fund, and Science & Technology Fund |
Larry J. Puglia, 1960 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA, CPA | President, Blue Chip Growth Fund; Executive Vice President, Institutional Equity Funds and Personal Strategy Funds; Vice President, Growth Stock Fund and Retirement Funds |
Robert T. Quinn, Jr., 1972 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; formerly Director of Investment Banking, UBS Investment Bank (to 2004) | Vice President, Capital Opportunity Fund |
Karen M. Regan, 1967 Vice President, T. Rowe Price | Vice President, Blue Chip Growth Fund, Dividend Growth Fund, and Growth & Income Fund |
Vernon A. Reid, Jr., 1954 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Corporate I
ncome Fund, Inflation Protected Bond Fund, New Income Fund, Short-Term Bond Fund, Short-Term Income Fund, and U.S. Treasury Funds |
Theodore E. Robson, 1965 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, Real Estate Fund |
Joseph Rohm, 1969 Vice President, T. Rowe Price International, Inc.; formerly Equity Analyst, Insight Investment (to 2005) | Vice President, Financial Services Fund |
Christopher J. Rothery, 1963 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International, Inc. | Vice President, International Funds |
Jeffrey Rottinghaus, 1970 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CPA | President, Developing Technologies Fund; Executive Vice President, Global Technology Fund; Vice President, Mid-Cap Growth Fund, New America Growth Fund, New Horizons Fund, Science & Technology Fund, and Small-Cap Stock Fund |
Brian A. Rubin, 1974 Assistant Vice Pr esident, T. Rowe Price; CPA | Assistant Vice President, High Yield Fund and Institutional Income Funds |
R. Todd Ruppert, 1956 Chief Executive Officer, Director, and President, T. Rowe Price Global Asset Manag ement Limited and T. Rowe Price Global Investment Services Limited; Vice President, T. Rowe Price, T. Rowe Price Group, Inc., T. Rowe Price Retirement Plan Services, Inc., and T. | Vice President, Institutional International Funds |
Federico Santilli, 1974 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International, Inc.; CFA | Vice President, Financial Services Fund |
Daniel O. Shackelford, 1958 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA | President, Inflation Protected Bond Fund and New Income Fund; Vice President, Institutional Income Funds, Short-Term Bond Fund, Short-Term Income Fund, and U.S. Treasury Funds |
Robert W. Sharps, 1971 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA, CPA | Executive Vice President, Growth Stock Fund and Institutional Equity Funds; Vice President, Blue Chip Growth Fund, Growth & Income Fund, International Funds, and New America Growth Fund |
Vice President, Health Sciences Fund | |
Charles M. Shriver, 1967 Vice President, T. Rowe Price; CFA | Executive Vice President, U.S. Bond Index Fund; Vice President, Personal Strategy Funds and Spectrum Funds |
Neil Smith, 1972 Vice Pre sident, T. Rowe Price International, Inc. | Executive Vice President, International Index Fund |
Robert W. Smith, 1961 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company | President, Growth Stock Fund; Executive Vice President, Institutional Equity Funds; Vice President, Blue Chip Growth Fund, International Funds, Media & Telecommunications Fund, New America Growth Fund, and Spectrum Funds |
Michael F. Sola, 1969 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | President, Science & Technology Fund; Vice President, Developing Technologies Fund, Global Technology Fund, Growth Stock Fund, International Funds, and New Horizons Fund |
Gabriel Solomon, 1977 Vice President, T. Rowe Price; formerly student, Wharton Business School (to 2004); Equity Analyst Intern, Wellington Management Company, LLP (to 2003); consultant, Sibson Management Consulting (to 2002) | Vice President, Financial Services Fund |
Joshua K. Spencer, 1973 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; formerly Research Analyst and Sector Fund Portfolio Manager, Fidelity Investments (to 2004); CFA | Vice President, Blue Chip Growth Fund, Capital Opportunity Fund, Developing Technologies Fund, Global Technology Fund, Growth & Income Fund, Growth Stock Fund, and Science & Technology Fund |
William J. Stromberg, 1960 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA | President, Capital Opportunity Fund; Vice President, Capital Appreciation Fund, Dividend Growth Fund, Equity Income Fund, and Tax-Efficient Funds |
Walter P. Stuart III, 1960 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, High Yield Fund and Institutional Income Funds |
Taymour R. Tamaddon, 1976 Vice President, T. Rowe Price; formerly intern, T. Rowe Price (to 2004) | Vice President, Health Sciences Fund and Mid-Cap Growth Fund |
Timothy G. Taylor, 1975 Vice President, T. Rowe Price; CFA | Assistant Vice President, California Tax-Free Funds, State Tax-Free Funds, Summit Municipal Funds, Tax-Free High Yield Fund, Tax-Free Income Fund, Tax-Free Intermediate Bond Fund, and Tax-Free Short-Intermediate Fund |
Dean Tenerelli, 1964 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International, Inc. | Vice President, Institutional International Funds and International Funds |
Thomas E. Tewksbury, 1961 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, High Yield Fund and Institutional Income Funds |
Justin Thomson, 1968 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International, Inc. | Vice President, International Funds |
David A. Tiberii, 1965 Vice President, T. 60;Rowe Price and T. Rowe Price Group, Inc.; CFA | President, Corporate Income Fund; Vice President, Institutional Income Funds and New Income Fund |
Susan G. Troll, 1966 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CPA | Vice President, Prime Reserve Fund and Summit Funds |
Ken D. Uematsu, 1966 Assistant Vice President, T. font>Rowe Price; CFA | Executive Vice President, Index Trust; Vice President, International Index Fund |
Chirag Vasavada, 1972 Vice President, T. Rowe Price; formerly Senior Manager in the Corporate Strategy and Development Group, Microsoft Corporation (to 2005) | Vice Pr
esident, Developing Technologies Fund, Global Technology Fund, and Science & Technology Fund |
Mark J. Vaselkiv, 1958 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | President, High Yield Fund; Executive Vice President, Corporate Income Fund and Institutional Income Funds; Vice President, Balanced Fund, Personal Strategy Funds, and Retirement Funds |
Eric L. Veiel, 1972 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; formerly Senior Equity Analyst, Wachovia Securities (to 2005); CFA | Vice President, Financial Services Fund and New America Growth Fund |
J. David Wagner, 1974 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, Financial Services Fund, Mid-Cap Value Fund, Small-Cap Stock Fund, and Small-Cap Value Fund |
John F. Wakeman, 1962 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Executive Vice President, Mid-Cap Growth Fund; Vice President, Diversified Mid-Cap Growth Fund, Institutional Equity Funds, and New Horizons Fund |
David J. Wallack, 1960<
br>Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | President, Mid-Cap Value Fund; Vice President, Capital Appreciation Fund, Institutional Equity Funds, New Era Fund, and Small-Cap Value Fund |
Julie L. Waples, 1970 Vice President, T. Rowe Price | Vice President, all funds |
David J.L. Warren, 1957 Director, T. Rowe Price, T. Rowe Price Global Asset Ma nagement Limited, and T. Rowe Price Global Investment Services Limited; Vice President, T. Rowe Price Group, Inc.; Chief Executive Officer, Director, and President, T. Rowe Price International, Inc. | Presiden
t, Institutional International Funds and International Funds; Executive Vice President, Spectrum Funds; Vice President, Retirement Funds |
Mark R. Weigman, 1962 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA, CIC | Vice President, Diversified Mid-Cap Growth Fund and Tax-Efficient Funds |
John D. Wells, 1960 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Savings Bank | Vice President, GNMA Fund, Short-Term Bond Fund, Short-Term Income Fund, and Summit Funds |
William F. Wendler II, 1962 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, Institutional International Funds a
nd International Funds |
Christopher S. Whitehouse, 1972 Vice President, T. Rowe Price International, Inc.; formerly Telecoms Analyst and Fund Manager, Deutsche Asset Management (to 2005) | Vice President, Media & Telecommunications Fund |
Richard T. Whitney, 1958 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., T. Rowe Price International, Inc., and T. Row e Price Trust Company; CFA | Executive Vice President, Balanced Fund, Diversified Small-Cap Growth Fund; Vice President, Capital Opportunity Fund, Index Trust, Institutional Equity Funds, International Funds, International Index Fund, Personal Strategy Funds, and Retirement Funds |
Edward A. Wiese, 1959 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; Chief Investment Officer, Director, and Vice President, T. Rowe Price Savings Bank; CFA | President, Short-Term Bond Fund, Short-Term Income Fund, and Summit Funds; Vice President, Institutional International Funds, International Funds, Prime Reserve Fund, TRP Reserve Investment Funds, Retirement Funds, Summit Municipal Funds, Tax-Exempt Money Fund, Tax-Free Intermediate Bond Fund, and Tax-Free Short-Intermediate Fund |
Clive M. Williams, 1961 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International, Inc. | Vice President, International Funds |
Thea N. Williams, 1961 Vice Presiden t, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Corporate Income Fund, High Yield Fund, and Institutional Income Funds |
Paul W. Wojcik, 1970 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | President, Diversified Small-Cap Growth Fund; Vice President, Index Trust and International Index Funds |
Ernest C. Yeung, 1979 Vice President, T. Rowe Price International, Inc.; CFA | Vice President, Media & Telecommunications Fund |
Wenhua Zhang, 1970 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA, CPA | Vice President, Developing Technologies Fund, Global Technology Fund, Media & Telecommunications Fund, New Horizons Fund, Science & Technology Fund, Small-Cap Stock Fund, and Small-Cap Value Fund |
Directors | Total Compensation |
---|---|
Casey | $38,306 |
Deering | 150,000 |
Dick | 160,750 |
Fagin | 159,500 |
Horn | 156,250 |
Linaweaver | 216,500 |
Rodgers | 125,000
|
Schreiber | 152,000 |
Fund | Aggregate Compensation From Fund | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Casey | Deering | Dick | Fagin | Horn | Linaweaver | Rodgers | Schreiber | ||||||||
Balanced | $938 | $1,774 | $1,898 | $1,871 | $1,844 | $2,603 | $1,797 | $1,793 | |||||||
Blue Chip Growth | 938 | 3,223 | 3,454 | 3,401 | 3,348 | 4,634 | 3,203 | 3,257 | |||||||
California Tax-Free Bond | 0 | 870 | 926 | 931 | 907 | 1,234 | 779 | 883 | |||||||
California Tax-Free Money | 0 | 754 | 810 | 818 | 786 | 1,049 | 605 | 767 | |||||||
Capital Appreciation | 938 | 2,875 | 3,082 | 3,017 | 2,989 | 4,182 | 2,923 | 2,899 | |||||||
Capital Opportunity | 364 | 737 | 791 | 798 | 770 | 1,027 | 619 | 750 | |||||||
Corporate Income | 0 | 839 | 900 | 903 | 874 | 1,181 | 733 | 852 | |||||||
Developing Technologies | 182 | 688 | 739 | 743 | 713 | 948 | 540 | 701 | |||||||
Diversified Mid-Cap Growth | 211 | 695 | 744 | 751 | 725 | 957 | 552 | 708 | |||||||
Diversified
Small-Cap Growth | 267 | 716 | 769 | 773 | 748 | 987 | 584 | 728 | |||||||
Dividend Growth | 740<
/font> | 1,178 | 1,262 | 1,254 | 1,228 | 1,727 | 1,192 | 1,193 | |||||||
Emerging Europe & Mediterranean | 0 | 1,182 | 1,263 | 1,252 | 1,231 | 1,719 | 0 | 1,195 | |||||||
Emerging Markets Bond | 0 | 1,014 | 1,086 | 1,088 | 1,057 | 1,452 | 0 | 1,028 | |||||||
Emerging Markets Stock | 0 | 1,507 | 1,609 | 1,590 | 1,569 | 2,233 | 0 | 1,522 | |||||||
Equity Income | 938 | 4,484 | 4,820 | 4,828 | 4,676 | 6,269 | 4,275 | 4,566 | |||||||
Equity Index 500 | 941 | 2,667 | 2,862 | 2,805 | 2,776 | 3,894 | 2,815 | 2,698 | |||||||
European Stock | 0 | 1,313 | 1,405 | 1,395 | 1,369 | 1,921 | 0 | 1,329 | |||||||
Extended Equity Market Index | 599 | 819 | 879 | 883 | 854 | 1,162 | 744 | 832 | |||||||
Financial Services | 632 | 918 | 982 | 982 | 958 | 1,310 | 882 | 932 | |||||||
Florida Intermediate Tax-Free | 0 | 758 | 810 | 816 | 788 | 1,058 | 610 | 770 | |||||||
Georgia Tax-Free Bond | 0 | 75
1 | 805 | 810 | 784 | 1,045 | 605 | 764 | |||||||
Global Stock | 0 | 832 | 891 | 899 | 868 | 1,161 | 0 | 845 | |||||||
Global Technology | 326 | 734 | 788 | 791 | 767 | 1,023 < /td> | 615 | 750 | |||||||
GNMA | 0 | 1,468 | 1,569 | 1,554 | 1,526 | 2,166 | 1,407 | 1,485 |
tr>|||||||
TRP Government Reserve Investment | 0 | 1,402 | 1,503 | 1,485 | 1,461 | 2,069 | 1,355 | 1,421 | <
/tr>|||||||
Growth & Income | 938 | 1,569 | 1,680 | 1,664 | 1,633 | 2,309 | 1,550 | 1,589 | |||||||
Growth Stock td> | 938 | 3,359 | 3,608 | 3,562 | 3,500 | 4,816 | 3,383 | 3,406 | |||||||
Health Sciences | 932 | 1,438 | 1,538 | 1,523 | 1,496 | 2,125 | 1,404 | 1,455 | |||||||
High Yield | 0 | 2,294 | 2,462 | 2,421
| 2,387 | 3,351 | 2,603 | 2,323 | |||||||
Inflation Protected Bond | 0 | 751 | 807 | 810 | 783 | 1,045 | 602 | 763 | |||||||
Institutional Concentrated Large-Cap Value(a) | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | |||||||
Institutional Core Plus | 0 | 702 | 757 | 759 | 734 | 969 | 528 | 714 | |||||||
Institutional Emerging Markets Equity | 0 | 835 | 893 | 899 | 872 | 1,158 | 0 | 848 | |||||||
Institutional Foreign Equity | 0 | 977 | 1,051 | 1,051 | 1,023 | 1,385 | 0 | 992 | |||||||
Institutional Global Equity(b) | 2,508 | 2,
508 | 2,508 | 2,508 | 2,508 | 2,508 | 2,508 | 2,508 | |||||||
Institutional High Yield | 0 | 989 | 1,057 | 1,057 | 1,030 | 1,417 | 946 | 1,003 | |||||||
Institutional Large-Cap Core Growth | 169 | 679 | 732 | 737 | 712 | 944 | 535 | 691 | |||||||
Institutional Large-Cap Growth | 443 | 740 | 793 | 798 | 771 | 1,032 | 618 | 752 | |||||||
Institutional Large-Cap Value | 350 | 741 | 795 | 798 | 774 | 1,032 | 625 | 753 | |||||||
Institutional Mid-Cap Equity Growth | 649 | 947 | 1,016 | 1,014 | 988 | 1,359 | 931 | 960 | |||||||
Institutional Small-Cap Stock | 650 | 950 | 1,019 | 1,019 | 991 | 1,374 | 936 | 964 | |||||||
International Bond | 0 | 1,797 | 1,921 | 1,898 | 1,873 | 2,662 | 0 | 1,815 | |||||||
International Discovery | 0 | 1,576 | 1,685 | 1,664 | 1,639 | 2,340 | 0 | 1,593 | |||||||
International Equity Index | 0 | 845 | 903 | 909 | 879 | 1,176 | 0 | 857 | |||||||
International Growth & Income | 0 | 1,416 | 1,510 | 1,497 | 1,473 | 2,085 | 0 | 1,430 | |||||||
International Stock | 0 | 2,867 | 3,076 | 3,017 | 2,986 | 4,210 | 0 | 2,899 | |||||||
Japan | 0 | 918 | 982 | 985 | 955 | 1,295 | 0 | 935 | |||||||
Latin America | 0 | 1,201 | 1,284 | 1,273 | 1,250 |
1,737 | 0 | 1,214 | |||||||
Maryland Short-Term Tax-Free Bond | 0 | 810 | 869 | 871 | 844 | 1,139 | 687 | 823 | |||||||
Maryland Tax-Free Bond | 0 | 1,459 | 1,560 | 1,545 | 1,519 | 2,155 | 1,400 | 1,480 | |||||||
Maryland Tax-Free Money | 0 | 768 | 821 | 828 | 799 | 1,077 | 629 | 780 | |||||||
Media & Telecommunications | 804 | 1,285 | 1,374 | 1,362 | 1,337 | 1,891 | 1,251 | 1,300 | |||||||
Mid-Cap Grow
th | 938 | 3,785 | 4,070 | 4,045 | 3,945 | 5,374 | 3,757 | 3,848 | |||||||
Mid-Cap Value | 938 | 2,774 | 2,977 | 2,918 | 2,888 | 4,045 | 2,873 | 2,805 | |||||||
New America Growth | 768 | 1,254 | 1,342 | 1,333 | 1,305 | 1,853 | 1,226 | 1,270 | |||||||
New Asia | 0 | 1,605 | 1,713 | 1,693 | 1,669 | 2,389 | 0 | 1,621 | |||||||
New Era | 938 | 1,991 | 2,133 | 2,094 | 2,073 | 2,929 | 2,096 | 2,011 | |||||||
New Horizons | 938 | 2,832 | 3,043 | 2,983 | 2,949 | 4,128 | 2,891 | 2,867 | |||||||
New Income | 0 | 2,067 | 2,215 | 2,177 | 2,151 | 3,032 | 2,129 | 2,096 | |||||||
New Jersey Tax-Free Bond | 0 | 797 | 856 | 859 | 833 | 1,123 | 675 | 810 | |||||||
New York Tax-Free Bond | 0
font> | 848 | 909 | 910 | 884 | 1,205 | 745 | 861 | |||||||
New York Tax-Free Money | 0 | 760 < /td> | 813 | 818 | 792 | 1,062 | 614 | 772 | |||||||
Personal Strategy Balanced | 855 | 1,366 | 1,461 td> | 1,445 | 1,421 | 2,024 | 1,321 | 1,382 | |||||||
Personal Strategy Growth | 777 | 1,222 | 1,305 | 1,294 | 1,270 | 1,796 | 1,219 | 1,236 | |||||||
Personal Strategy Income | 657 | 959 | 1,026 | 1,026 | 999 | 1,379 | 954 | 973 | |||||||
Prime Reserve | 0 | 2,548 | 2,736 | 2,686 | 2,652 | 3,716 | 2,782
| 2,579 | |||||||
Real Estate | 785 | 1,219 | 1,302 | 1,294 | 1,269 | 1,794 | 1,221 | 1,233 | |||||||
TRP Reserve Investment | 0 | 3,191 | 3,428 | 3,357 | 3,323 | 4,631 | 3,051 | 3,228 | |||||||
Retirement 2005 | 620 | 859 | 922 | 923 | 898 | 1,227 | 809 | 872 | |||||||
Retirement 2010 | 912 | 1,383 | 1,479 | 1,463 | 1,441 | 2,051 | 1,358 | 1,398 | |||||||
Retirement 2015 | 737 | 1,081 | 1,158 | 1,148 | 1,126 | 1,577 | 1,146 | 1,094 | |||||||
Retirement 2020 | 938 | 1,464 | 1,565 | 1,545 | 1,522 | 2,166 | 1,458 | 1,479 | |||||||
Retirement 2025 | 694 | 997 | 1,068 | 1,062 | 1,041 | 1,444 | 1,019 | 1,010 | |||||||
Retirement 2030 | 812 | 1,239 | 1,323 | 1,313 | 1,289 | 1,826 | 1,237 | 1,253 | |||||||
Retirement 2035 | 553 | 793 | 849 | 852 | 828 | 1,118 | 705 | 805 | |||||||
Retirement 2040 | 652 | 913 | 976 | 975 | 951 | 1,306 | 889 | 926 | |||||||
Retirement 2045 | 124 | 367 | 389 | 383 | 382 | 522 | 386 | 367 | |||||||
Retirement Income | 657 | 934 | 1,001 | 1,000 | 974 | 1,343 | 920 | 947 | |||||||
Science & Technology | 938 | 2,248 | 2,416 | 2,376 | 2,342 | 3,284 | 2,581 | 2,278 | |||||||
Short-Term Bond | 0 | 1,462 | 1,565 | 1,550 | 1,521 | 2,158 | 1,391 | 1,480 | |||||||
Short-Term Income(c) | 1,667 | 1,667 | 1,667 | 1,667 | 1,667 | 1,667 | 1,6
67 | 1,667 | |||||||
Small-Cap Stock | 938 | 3,005 | 3,232 | 3,170 | 3,132 | 4,368 | 3,007 | 3,043 | |||||||
Small-Cap Value | 938 | 2,634 | 2,827 | 2,772 | 2,740 | 3,843 | 2,806 | 2,665 | |||||||
Spectrum Growth | 938 | 1,849 | 1,982 | 1,955 | 1,924 | 2,717 | 1,890 | 1,871 | |||||||
Spectrum Income | 938 | 2,419 | 2,598 | 2,555 | 2,521 | 3,540 | 2,708 | 2,448 | |||||||
Spectrum International | 388 | 751 | 802 | 808 | 780 | 1,047 | 634 | 763 | |||||||
Summit Cash Reserves | 0 | 2,183 | 2,343 | 2,298 | 2,275 | 3,203 | 2,535 | 2,208 | |||||||
Summit GNMA | 0 | 738 | 793 | 796 | 771 | 1,019 | 582 | 751 | |||||||
Summit Municipal Income | 0 | 774 | 828 | 833 | 806 | 1,083 | 636 | 787 | |||||||
Summit Municipal Intermediate | 0 | 826 | 882 | 885 | 859 | 1,163 | 710 | 838 | |||||||
<
font style="font-size:10.0pt;" face="Berkeley Book" color="Black">Summit Municipal Money Market | 0 | 1,041 | 1,116 | 1,111 | 1,086 | 1,504 | 1,027 | 1,056 | |||||||
Tax-Efficie
nt Balanced | 186 | 689 | 739 | 745 | 719 | 942 | 543 | 702 | |||||||
Tax-Efficient Growth | 240
font> | 709 | 759 | 766 | 739 | 978 | 573 | 721 | |||||||
Tax-Efficient Multi-Cap Growth | 168 | 679 | 732 | 736 | 712 | 946 | 535 | 691 | |||||||
Tax-Exempt Money | 0 | 1,364 | 1,460 | 1,442
| 1,420 | 2,026 | 1,303 | 1,379 | |||||||
Tax-Free High Yield | 0 | 1,457 | 1,560 | 1,542 | 1,516 | 2,149 | 1,400 | 1,474 | |||||||
Tax-Free Income | 0 | 1,585 | 1,699 | 1,679 | 1,652 | 2,341 | 1,549 | 1,604 | |||||||
Tax-Free Intermediate Bond | 0 | 808 | 862 | 868 | 839 | 1,132 | 679 | 821 | |||||||
Tax-Free Short-Intermediate | 0 | 1,047 | 1,121 | 1,116 | 1,092 | 1,505 | 1,041 | 1,061 | |||||||
Total
Equity Market Index | 629 | 908 | 972 | 973 | 947 | 1,296 | 872 | 921 | |||||||
U.S. Bond Index | 0 | 794 | 852 | 854 | 830 | 1,113 | 666 | 807 | |||||||
U.S. Treasury Intermediate | 0 | 870 | 930 | 934 | 907 | 1,227 | 778 | 883 | |||||||
U.S. Treasury Long-Term | 0 | 845 | 905 | 908 | 881 | 1,193 | 740 | 858 | |||||||
U.S. Treasury Money | 0 | 1,283 | 1,372 | 1,360 | 1,335 | 1,893 | 1,236 | 1,299 | |||||||
Value | 938 | 1,964 | 2,105 | 2,070 | 2,044 | 2,890 | 2,044 | 1,986 | |||||||
Virginia Tax-Free Bond | 0 | 991 | 1,060 | 1,056 | 1,032 | 1,424 | 955 | 1,005 |
Aggregate Holdings, All Funds | Independent Directors | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Casey | Deering | Dick | Fagin | Horn | Rodgers | Schreiber | |||||||
over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | |||||||
Balanced | over $100,000 | None | None | None | None | None | None | ||||||
Blue Chip Growth | None | None | $10,001-$50,000 | over $100,000 | $50,001-$100,000 | None | None | ||||||
Blue Chip Growth FundAdvisor Class | None | None | None | None | None | None | None | ||||||
Blue Chip Growth Fund R Class | None | None | None | None | None | None | None | ||||||
Blue Chip Growth Portfolio | None | None | None | None | None | None | None | ||||||
Blue Chip Growth PortfolioII | None | None | None | None | None | None | None | ||||||
California Tax-Free Bond | None | None | None | None | None | None | None | ||||||
California Tax-Free Money | None | None | None | None | None | None | None | ||||||
Capital Appreciation | None | None | over $100,000 | None | None | $10,001-$50,000 | None | ||||||
Capital Appreciation FundAdvisor Class | None | None | None | None | None | None | None | ||||||
Capital Opportunity | None | None | None | None | None | None | None | ||||||
Capital Opportunity FundAdvisor Class | None | None | None | None | None | None | None | ||||||
Capital Opportunity FundR Class | None | None | None | None | None | None | None | ||||||
Corporate Income | None | None | None | None | None | None | None | ||||||
Developing Technologies | None | None | None | None | None | None | |||||||
Diversified Mid-Cap Growth | None | None | None | $50,001-$100,000 | None | None | None | ||||||
Diversified Small-Cap Growth | None | None | None | None | None | None | None | ||||||
Dividend Growth | None | None | None | $50,001-$100,000 | $50,001-$100,000 | None | None | ||||||
D
ividend Growth FundAdvisor Class | None | None | None | None | None | None | None | ||||||
Emerging Europe & Mediterranean | None | None | None | None | None | None | None | ||||||
Emerging Markets Bond | None | None | None | None | None | None | None | ||||||
Emerging Markets Stock | None | over $100,000 | None | None | None | $50,001-$100,000(a) | None | ||||||
Equity Income | over $100,000 | over $100,000 | $50,001-$100,000 | over $100,000 | None | None | None | ||||||
Equity Income FundAdvisor Class | None | None | None | None | None | None | None | ||||||
Equity Income Fund R Class | None | None | None | None | None | None | None | ||||||
Equity Income Portfolio | None | None | None | None | None | None | None | ||||||
Equity Income PortfolioII | None | None | None | None | None | None | None | ||||||
Equity Index 500 | over $100,000 | None | None | None | None | None | None | ||||||
Equity Index 500 Portfolio | None | None | None | None | None | None | None | ||||||
European Stock | None | over $100,000 | $10,001
- -$50,000 | $10,001-$50,000 | None | None | None | ||||||
Extended Equity Market Index | None | None | None |
None | None | None | None | ||||||
Financial Services | None | None | $10,001-$50,000 | None | None | None | None | ||||||
Florida Intermediate Tax-Free | None | None | None | None | None | None | None | ||||||
Georgia Tax-Free Bond | None | None | None | None | None | None | None | ||||||
Global Stock | None | None | $50,001-$100,000 | $10,001-$50,000 | None | None | None | ||||||
Global Technology | None | None | None | None | None | None | None | ||||||
GNMA | None | None | None | None | None | None | over $100,000 | ||||||
TRP Government Reserve Investment | None | None | None | None | None< br> | None | None | ||||||
Growth & Income | None | None | $1-$10,000 | None | None | None | over $100,000 < /td> | ||||||
Growth Stock | over $100,000 | over $100,000 | $10,001-$50,000 | None | None | None | None | ||||||
Growth Stock FundAdvisor Class | None | None | None | None | None | None | None | ||||||
Growth Stock Fund R Class | None | None | None | None | None | None | None | ||||||
None | None | $10,001-$50,000 | $50,001-$100,000 | None | None | None | |||||||
Health Sciences Portfolio | None | None | None | None | None | None | None | ||||||
Health Sciences PortfolioII | None | None | None | None | None | None | None | ||||||
High Yield | None | None | $50,001-$100,000 | None | $1-$10,000 | None | over $100,000 | ||||||
High Yield FundAdvisor Class | None | None | None | None | None | None | None | ||||||
Inflation Protected Bond | None | None | None | None | None | None | None | ||||||
Institutional Core Plus | None | None | None | None | None | None | None | ||||||
Institutional Emerging Markets Equity | None | None | None | None | None | None | None | ||||||
Institutional Foreign Equity | None | None | None | None | None | None | None | ||||||
Institutional High Yield | None | None | None | None < /td> | None | None | None | ||||||
Institutional Large-Cap Core Growth | None | None | None | None | None | None<
/font> | None | ||||||
Institutional Large-Cap Growth | None | None | None | None | None | None | None | ||||||
Institutional Large-Cap Value | None | None | None | None | None | None | None | ||||||
Institutional Mid-Cap E
quity Growth | None | None | None | None | None | None | None | ||||||
Institutional Small-Cap Stock | None | None | None | None | None | None | None | ||||||
International Bond | None | $50,001-$100,000 | over $100,000< br> | None | None | None | None | ||||||
International Bond FundAdvisor Class | None | None | None | None
font> | None | None | None | ||||||
International Discovery | None | $50,001-$100,000 | $10,001-$50,000 | None | None | $50,001-$100,000(a) | None | ||||||
International Equity Index | None | None | None | None | None | None | None | <
/tr>||||||
International Growth & Income | None | None | None | None | None | None | None | ||||||
International Growth &
font>Income FundAdvisor Class | None | None | None | None | None | None | None | ||||||
International Growth
& Income FundR Class | None | None | None | None | None | None | None | ||||||
International Stock | None | over $100,000 | None | over $100,000 | None | None | None | ||||||
International Stock FundAdvisor Class | None | None | None | None | None | None | None | ||||||
International Stock Fund R Class | None | None | None | None | None | None | None | ||||||
International Stock Portfolio | None | None | None | None | None | None | None | ||||||
Japan | None | over $100,000 | None | None | None | None | None | ||||||
Latin America | None | None | None | None | None | None | None | ||||||
Limited-Term Bond Portfolio | None | None | None | None | None | None | None | ||||||
Limited-Term Bond PortfolioII | None | None | None | None | None | None | None | ||||||
Maryland Short-Term Tax-Free Bond | None | None | None | None | None | None | None | ||||||
Marylan
d Tax-Free Bond | None | None | None | None | None | None | None | ||||||
Maryland Tax-Free Money | None | None | None | None | None | None | None | ||||||
Media & Telecommunications | $10,001-$50,000 | over $100,000 | None
| None | None | None | None | ||||||
Mid-Cap Growth | None | over $100,000 | $10,001-$50,000 | over $100,000 | None | None | None | ||||||
Mid-Cap Growth FundAdvisor Class | None | None | None | None | None | None | None | ||||||
Mid-Cap Growth Fund R Class | None | None | None | None | None | None | None | ||||||
Mid-Cap Growth Portfolio | None | None | None | None | None | None | None | ||||||
Mid-Cap Growth PortfolioII | None | None | None | None | None |
None | None | ||||||
Mid-Cap Value | None | None | None | over $100,000 | None | None | None | ||||||
Mid-Cap Value FundAdvisor Class | None | None | None | None | None | None | None | ||||||
Mid-Cap Value Fund R Class | None | None | None | None | None | None | None | ||||||
New America Growth | None | None | None | None | None | $50,001-$100,000 | None | ||||||
New America Growth Fund<
font style="font-size:10.0pt;" face="Berkeley Book" color="Black">Advisor Class | None | None | None | None | None | None | None | ||||||
New America Growth Portfolio | None | None | None | None | None | None | None | ||||||
New Asia | None | None | None td> | $10,001-$50,000 | None | $50,001-$100,000(a) | None | ||||||
New Era | None | None | None | None | None | None | None | ||||||
New Horizons | over $100,000 | over $100,000 | $10,001-$50,000 | $1-$10,000 | None<
/font> | over $100,000(a) | None | ||||||
New Income | None | None | $50,001-$100,000 | None | None | None | |||||||
New Income FundAdvisor Class | None | None | None | None | None | None | None | ||||||
New Income Fund R Class | None | None | None | None | None | None | None | ||||||
New Jersey Tax-Free Bond | None | None | None | None | None | None | None | ||||||
N
ew York Tax-Free Bond | None | None | None | None | None | None | None | ||||||
New York Tax-Free Money | None | None | None | None | None | None | None | ||||||
Personal Strategy Balanced | None | None | None | None | None | None | None | ||||||
Personal Strategy Balanced Portfolio | None | None | None | None | None | None | None | ||||||
Personal Strategy Growth | None | None | None | None | None | None | None | ||||||
Personal Strategy Income | None td> | None | None | None | None | None | None | ||||||
Prime Reserve | None | None | over $100,000 |
None | None | $10,001-$50,000 | $10,001-$50,000 | ||||||
Prime Reserve Portfolio | None | None | None | None | None | None | None | ||||||
Real Estate | $10,001-$50,000 | None | None | None | None | None | None | ||||||
Real Estate FundAdvisor Class | None | None | None | None | None | None | None | ||||||
TRP Reserve Investment | None | None | None | None | None | None | None | ||||||
Retirement 200
5 | None | None | None | None | None | None | None | ||||||
Retirement 2010 | None | None |
None | None | None | None | None | ||||||
Retirement 2010 FundAdvisor Class | None | None | None | None | None | None | None | ||||||
Retirement 2010 Fund R Class | None | None | None | None | None | None | None | ||||||
Retirement 2015 | None | None | None | None | None | None | None<
/font> | ||||||
Retirement 2020 | None | None | None | None | $10,001-$50,000 | None | None | ||||||
Retirement 2020 FundAdvisor Class | None | None | None | None | None | None | None | ||||||
Retirement 2020 Fund R Class | None | None | None | None | None | None | None | ||||||
Retirement 2025 | None | None | None | None | None | None | None | ||||||
Retirement 2030 | None | None | None | None | None | None | None | ||||||
Retirement 2030 FundAdvisor Class | None | None | None | None | None | None | None | ||||||
Retirement 2030 Fund R Class | None | None | None | None | None | None | |||||||
Retirement 2035 | None | None | None | None | None | None | None | ||||||
Retirement 2040 | None | None | None | None | None | None | None | ||||||
Retirement 2040 FundAdvisor Class | None | None | None | None | None | None | |||||||
Retirement 2040 Fund R Class | None | None | None | None | None | None | None | ||||||
Retirement 2045 | None | None | None | None | None | None | None | ||||||
Retirement Income | None | None | None | None | None | None | None | ||||||
Retirement Income FundAdvisor Class | None | None | None | None | None | None | None | ||||||
Retirement Income Fund R Class | None | None | None | None | None | None | None | ||||||
Science & Technology | None | None | None | None | None | None | None | ||||||
Science & Technology FundAdvisor Class | None | None | None | None | None | None | None | ||||||
Short-Term Bond | None | None | None | $50,001-$100,000 | None | None | over $100,000 | ||||||
Short-Term Bond Fund
Advisor Class | None | None | None | None | None | None | None | ||||||
Short-Term Income | |||||||||||||
None | None | $10,001-$50,000 | over $100,000 | None | None | None | |||||||
Small-Cap Stock FundAdvisor Class | None | None | None | None | None | None | None | ||||||
Small-Cap Value | over $100,000 | None | $10,001-$50,000 | None | None | None | None | ||||||
Small-Cap Value FundAdvisor Class | None | None | None | None | None | None | None | ||||||
Spectrum Growth | None | None | None | None | None | over $100,000(a) | None | ||||||
Spectrum Income | None | None | None | None | None | None | None | ||||||
Spectrum International | None | None | None | None | None | None | None | ||||||
Summit Cash Reserves | None | None | over $100,000 | over $100,000 | over $100,000 | None | $1-$10,000 | ||||||
Summit GNMA | None | None | None | None | None | None | None | ||||||
Summit Municipal Income | None | None | None | None | None | None | over $100,000 | ||||||
Summit Municipal Intermediate | None | None | None | over $100,000 | None | None | over $100,000 | ||||||
Summit Municipal Money Market | None | None | None | $10,001-$50,000 | None | None | $50,001-$100,000 | ||||||
Tax-Efficient Balanced | None | None | None | None | None | None | None | ||||||
Tax-Efficient Growth | None | None | None | None | None | None | None | ||||||
Tax-Efficient Multi-Cap Growth | None | None | None | None | None | None | None | ||||||
Tax-Exempt Money | None | None | None | None | None | None | $1-$10,000 | ||||||
Tax-Free High Yield | None | None | None | $10,001-$50,000 | None | None | over $100,000 | ||||||
Tax-Free Income | None | None | None | None | None | None | over $100,000 | ||||||
Tax-Free Income FundAdvisor Class | None | None | None | None | None | None | None | ||||||
Tax-Free Intermediate Bond | None | None | None | None | None | None | None | ||||||
Tax-Free Sh
ort-Intermediate | None | over $100,000 | None | over $100,000 | None | None | over $100,000 | ||||||
Total Equity Market Index | None | None | None | None | None | None | None | ||||||
U.S. Bond Index | None | None | None | None | None | None | |||||||
U.S. Treasury Intermediate | None | None | $50,001-$100,000 | None | None | over $100,000 | |||||||
U.S. Treasury Long-Term | None | None | None | None | None | None | over $100,000 | ||||||
U.S. Treasury Money | None | None | None | None | None | None | $1-$10,000 | ||||||
Value | None | None | $10,001-$50,000 | over $100,000 | None | None | over $100,000 | ||||||
Value FundAdvisor Class | None | None | None | None | None | None | None | ||||||
Virginia Tax-Free Bond | None | <
td style="">NoneNone | None | None | None | None |
Aggregate Holdings, All Funds | Inside Directors | ||||||
---|---|---|---|---|---|---|---|
Kennedy | Laporte | Miller | Riepe | ||||
over $100,000 | over $100,000 | over $100,000 |
over $100,000 | ||||
Balanced | None | None | None | over $100,000 | |||
Blue Chip Growth | None | None | Non
e | None | |||
Blue Chip Growth FundAdvisor Class | None | None | None | None | |||
Blue Chip Growth Fund
R Class | None | None | None | None | |||
Blue Chip Growth Portfolio | None | None | None | None | |||
Blue Chip Growth PortfolioII | None | None | None | None | |||
California Tax-Free Bond | None | None | None | None | |||
California Tax-Free Money | None | None | None | None | |||
Capital Appreciation | over $100,000 | over $100,000 | None | over $100,000 | |||
Capital Appreciation FundAdvisor Class | None | None | None | None | |||
$10,001-$50,000 | over $100,000 | None | None | ||||
Capital Opportunity FundAdvisor Class | None | None | None | None | |||
Capital Opportunity FundR Class | None | None | None | None | |||
Corporate Income | None | None | None | None | |||
Developing Technologies | None | over $100,000 | over $100,000 | None | |||
Diversified Mid-Cap Growth | None | None | None | None | |||
Diversified Small-Cap Growth | None | None | None | None | |||
Dividend Growth | $50,001-$100,000 | None | None | None | |||
Dividend Growth FundAdvisor Class | None | No
ne | None | None | |||
Emerging Europe & Mediterranean | None | None | None | None | |||
Emerging Markets Bond | None | None | None | None | |||
Emerging Markets Stock | over $100,000 | None | None | over $100,000 | |||
Equity Income | $10,001-$50,000 | <
font style="font-size:10.0pt;" face="Berkeley Book">None | over $100,000 | over $100,000 | |||
Equity Income FundAdvisor Class | None | None | None | None | |||
Equity Income FundR Class | None | None | None | None | |||
Equity Income Portfolio | None | None | None | None | |||
Equity Income PortfolioII | None | None | None | None | |||
Equity Index 500 | None | None | None | None | |||
Equity Index 500 Portfolio | None | None | None | None | |||
European Stock | None | <
td style="">$10,001-$50,000$50,001-$100,000 | over $100,000 | ||||
Extended Equity Market Index | None | None | None | None | |||
Financial Services | None | None | None | None | |||
Florida Intermediate Tax-Free | None | None | None | None | |||
Georgia Tax-Free Bond | None | None | None | None | |||
Global Stock | None | None | None | None | |||
Global Technology | None | None | None | None | |||
GNMA | None | None | None | None | |||
TRP Government Reserve Investment | None | None | None | None | |||
Growth & Income | None | None | None | over $100,000 | |||
Growth Stock | over $100,000 | over $100,000 | None | None | |||
Growth Stock FundAdvisor Class | None | None | None | None | |||
Growth Stock FundR Class | None | None | None | None | |||
Health Sciences | over $100,000 | None | None | ||||
Health Sciences Portfolio | None | None | None | None | |||
Health Sciences PortfolioII | None | None | None | None | |||
High Yield | None | None | None | over $100,000 | |||
High Yield FundAdvisor Class | None | None | None | None | |||
Inflation Protected Bond | None | None | None | None | |||
Institutional Core Plus | None | None | None | None | |||
Institutional Emerging Markets Equity | None | None
| None | None | |||
Institutional Foreign Equity | None | None | None | None | |||
Institutional High Yield | None | None | None | None | |||
Institutional Large-Cap Core Growth | None | None | None | None | |||
Institutional Large-Cap Growth | None | None | None | None | |||
Institutional Large-Cap Value | None | None | None | None | |||
Institutional Mid-Cap Equity Growth | None | None | None | None | |||
Institutional Small-Cap Stock | None | None | None | None | |||
International Bond | N
one | None | over $100,000 | None | |||
International Bond FundAdvisor Class | None | None | None | None | |||
International Discovery | over $100,000 | over $100,000 | None | $1-$10,000 | |||
International Equity Index | None | None | None | None | |||
International Growth & Income | None | None | None | None | |||
International Growth & Income FundAdvisor Class | None | None | None | None | |||
International Growth & Income FundR Class | None | None | None |
None | |||
International Stock | over $100,000 | over $100,000 | over $100,000 | None | |||
International Stock FundAdvisor C
lass | None | None | None | None | |||
International Stock FundR Class | None | None | None | None | |||
International Stock Portfolio | None | None | None | None | |||
Japan | over $100,000 | None | $50,001-$100,000 | over $100,000 | |||
Latin America | $50,001-$100,000 | None | None | None | |||
Limited-Term Bond Portfolio | None | None | None | ||||
Limited-Term Bond PortfolioII | None | None | None | None | |||
Maryland Short-Term Tax-Free Bond | None | None | over $100,000 | None | |||
Maryland Tax-Free Bond | None | over $100,000 | over $100,000 | None | |||
Maryland Tax-Free Money | None | None | over $100,000 | None | |||
Media & Telecommunications | over $100,000 | None | None | None | |||
Mid-Cap Growth | over $100,000 | over $100,000 | None | $50,001-$100,000 | |||
Mid-Cap Growth FundAdvisor Class | None | None | None | None | |||
Mid-Cap Growth FundR Class | None | None | None | None | |||
Mid-Cap Growth Portfolio | None | None
| None | None | |||
Mid-Cap Growth PortfolioII | None | None | None | None | |||
Mid-Cap Value | over $100,000 | None | None | None | |||
Mid-Cap Value FundAdvisor Class | None | None | None | None | |||
Mid-Cap Value FundR Class | None | None | None | None | |||
New America Growth | over $100,000 | over $100,00
0 | None | None | |||
New America Growth FundAdvisor Class | None | None | None | None | |||
New America Growth Portfolio | None | None | None | None | |||
New Asia | over $100,000 | over $100,000 | over $100,000 | $10,001-$50,000 | |||
New Era | over $100,000 | None | over $100,000 | None | |||
New Horizons | None | over $100,000 | over $100,000 | None | |||
New Income | None | $50,001-$100,000 | None | None | |||
New Income FundAdvisor Class | None | None |
None | None | |||
New Income FundR Class | None | None | None | None | |||
New Jersey Tax-Free Bond | None | None | None | None | |||
New York Tax-Free Bond | None | None | None | None | |||
New York Tax-Free Money | None | None | None | None | |||
Personal Strategy Balanced | None | None | None | None | |||
Personal Strategy Balanced Po
rtfolio | None | None | None | None | |||
Personal Strategy Growth | None | None | None | None | |||
Pe
rsonal Strategy Income | None | None | None | None | |||
Prime Reserve | over $100,000 | $10,001-$50,000 | None | over $100,000 | |||
Prime Reserve Portfolio | None | None | None | None | |||
Real Estate | None | None | None | None | |||
Real Estate FundAdvisor Class | None | None | None | None | |||
TRP Reserve Investment | None | None | None | None | |||
Retirement 2005 | None | None | None | None | |||
Retirement 2010 | None | None | None | None | |||
Retirement 2010 FundAdvisor Class | None | None | None | None | |||
Retirement 2010 FundR Class | None | None | None | None | |||
Retirement 2015 | None | None | None | None | |||
None | None | None | None | ||||
Retirement 2020 FundAdvisor Class | None | None | None | None | |||
Retirement 2020 FundR Class | None | None | None | None | |||
Retirement 2025 | None | None | None | None | |||
Retirement 2030 | None | None | None | None | |||
Retirement 2030 FundAdvisor Class | None | None | None | None | |||
Retirement 2030 FundR Class | None | None | None | None | |||
Retirement 2035 | None | None | None | None | |||
Retirement 2040 | None | None | None | None | |||
Retirement 2040 FundAdvisor Class | None | None | None | None | |||
Retirement 2040 FundR Class | None | None | None | None | |||
Retirement 2045 | None | None | None | None | |||
Retirement Income | None | None | None | None | |||
Retirement Income FundAdvisor Class | None | None | None | None | |||
Retirement Income FundR Class | None | None | None | None | |||
Science & Technology | None | over $100,000 | $10,001-$50,000 | None | |||
Science & Technology FundAdvisor Class | None | None | None | None | |||
Short-Term Bond | None | None | over $100,000 | over $100,000 | |||
Short-Term Bond FundAdvisor Class | None | None | None | None | |||
Short-Term Income | |||||||
Small-Cap Stock | over $100,000 | None | $10,001-$50,000 | None | |||
Small-Cap Stock FundAdvisor Class | None | None | None | None | |||
Small-Cap Value | None | None | None | over $100,000 | |||
Small-Cap Value FundAdvisor Class | None | None | None | None | |||
Spectrum Growth | None | None | None | None | |||
Spectrum Income | None | None | None | None | |||
Spectrum International | None | None | None | None | |||
Summit Cash Reserves | over $100,000 | over $100,000 | None | over $100,000 | |||
Summit GNMA | None | None | None | None | |||
Summit Municipal Income | None | None | None | None | |||
Summit Municipal Intermediate | None | None | None | None | |||
Summit Municipal Money Market | over $100,000 | None | None | over $100,000 | |||
Tax-Efficient Balanced | None | None | over $100,000 | None | |||
Tax-Efficient Growth | None | None | None | None | |||
Tax-Efficient Multi-Cap Growth | None | None | None | None | |||
Tax-Exempt Money | over $100,000 | None | over $100,
000 | None | |||
Tax-Free High Yield | None | None | None | None | |||
Tax-Free Income | None | None |
over $100,000 | None | |||
Tax-Free Income FundAdvisor Class | None | None | None | None | |||
Tax-Free Intermediate Bond | None | None | None | None | |||
Tax-Free Short-Intermediate | None | None | None | over $100,000 | |||
Total Equity Market Index | None | None | None | None | |||
U.S. Bond Index | None | None | None | None | |||
U.S. Treasury Intermediate |
None | None | None | None | |||
U.S. Treasury Long-Term | None | None | $50,001-$100,000 | None | |||
U.S. Treasury Money< br> | None | None | None | None | |||
Value | over $100,000 | over $100,000 | $50,001-$100,000 | over $100,000 | |||
Value FundAdvisor Class | None | None | None | None | |||
Virginia Tax-Free Bond | None | None | None | None |
Fund | Range of Fund Holdings as of Fund`s Fiscal Year a | All Funds Range as of 12/31/05 | |
---|---|---|---|
Portfolio Manager | |||
Balanced | Edmund M. Notzon III | none | $500,001$1,000,000 |
Blue Chip Growth | Larry J. Puglia | $500,001$1,000,000 td> | over $1,000,000 |
Capital Appreciation | Stephen W. Boesel | $500,001$1,000,000 | over $1,000,000 |
Capital Opportunity | William J. Stromberg | $100,001$500,000 | over $1,000,000 |
Corporate Income | David A. Tiberii | $1$10,000 | $100,001$500,000 |
Developing Technologies | Jeffrey Rottinghaus | $10,001$50,000 | $500,001$1,000,000 |
Diversified Mid-Cap Growth | Donald J. Peters | $500,001$1,000,000 | over $1,000,000 |
Diversified Small-Cap Growth | Paul W. Wojcik | $100,001$500,000 | $100,001$500,000 |
Dividend Growth | Thomas J. Huber | $100,001$500,000 | over $1,000,000 |
Emerging Europe & Mediterranean | Christopher D. Alderson | none | over $1,000,000 |
Emerging Markets Bond | Michael J. Conelius | $100,001$500,000 | $500,001$1,000,000 |
Emerging Markets Stock | Christopher D. Alderson Frances Dydasco Mark J.T. Edwards Gonzalo Px87 ngaro | $100,001$500,000 none none $50,001$100,000 | over $1,000,000 none $500,001$1,000,000 over $1,000,000 |
Equity Income | Brian C. Rogers | over $1,000,000 | over $1,000,000 |
Equity Index 500 | E. Frederick Bair | $50,001$100,000 | $100,001$500,000 |
European S
tock | Dean Tenerelli | none | none |
Extended Equity Market Index | E. Frederick Bair | $10,001$50,000 | $100,001$500,000 |
Financial Services | Michael W. Holton | $50,001$100,000 | $100,001$500,000 |
Global Stock | Robert N.
Gensler | $500,001$1,000,000 | over $1,000,000 |
Global Technology | Jeffrey Rottinghaus | none | $500,001-$1,000,000 |
GNMA |
Connice A. Bavely | $10,001$50,000 | $100,001$500,000 |
Growth & Income | Anna M. Dopkin | $500,001$1,000,000 | over $1,000,000 |
Growth Stock | Robert W. Smith | over $1,000,000 | over $1,000,000 |
Health Sciences | Kris H. Jenner | $100,001$500,000 | $100,001$500,000 |
High Yield | Mark J. Vaselkiv | $100,001$500,000 | over $1,000,000 |
Inflation Protected Bond | Daniel O. Shacke
lford | $10,001$50,000 | $500,001$1,000,000 |
International Bond | Ian D. Kelson | $100,001$500,000 |
$100,001$500,000 |
International Discovery | M. Campbell Gunn Anh Lu Justin Thomson | none none $100,001$500,000 | none none $100,001$500,000 |
International Equity Index | E. Frederick Bair Neil Smith | $1$10,000 none | $100,001$500,000 none |
International Growth & Income | Raymond A. Mills, Ph.D. | $100,001$500,000 | $500,001$1,000,000 |
International Stock | Mark C.J. Bickford-Smith Dean Tenerelli David J.L. Warren | $100,001$500,000 none $100,001$500,000 | $100,001$500,000 none $100,001$500,000 |
Japan | M. Campbell Gunn David J.L. Warren | none $50,001$100,000 | none $100,001$500,000 |
Latin America | Gonzalo Px87 ngaro | $100,001$500,000 | over $1,000,000 |
Maryland Short-Term Tax-Free Bond | Charles B. Hill | $1$10,000 | $500,001$1,000,000 |
Maryland Tax-Free Bond | Hugh D. McGuirk< br> | $10,001$50,000 | over $1,000,000 |
Maryland Tax-Free Money | Joseph K. Lynagh | $10,001$50,000 | over $1,000,000<
/font> |
Media & Telecommunications | P. Robert Bartolo Henry M. Ellenbogen | $50,001$100,000 $50,001$100,000 | $100,001$500,000 $500,001$1,000,000 |
Mid-Cap Growth | Brian W.H. Berghuis | over $1,000,000 | over $1,000,000 |
Mid-Cap Value | David J. Wallack | $100,001$500,000 | $500,001$1,000,000 |
New America Growth | Joseph M. Milano | $500,001$1,000,000
font> | over $1,000,000 |
New Asia | Frances Dydasco | none | none |
New Era | Charles M. Ober | $100,001$500,000 | $500,001$1,000,000 |
New Horizons | John H. Laporte | over $1,000,000 | over $1,000,000 |
New Income | Daniel O. Shackelford | $10,001 | $500,001$1,000,000 |
Personal Strategy Balanced | Edmund M. Notzon III | $10,001$50,000 | $500,001$1,000,000 |
Personal Strategy Growth | Edmund M. Notzon III | $10,001$50,000 | $500,001$1,000,000 |
Personal Strategy Income | Edmund M. Notzon III | $10,001$50,000 | $500,001$1,000,000 |
Prime Reserve | James M. McDonald | $50,001$100,000 | over $1,000,000 |
Real Estate | David M. Lee | $100,001$500,000 | over $1,000,000 |
Retirement 2005<
/font> | Jerome A. Clark Edmund M. Notzon III | none none | $500,001$1,000,000 $500,001$1,000,000 |
Retirement 2010 | Jerome A. Clark Edmund M. Notzon III | none none | $500,001$1,000,000 $500,001$1,000,000 |
Retirement 2015 | Jerome A. Clark Edmund M. Notzon III | none none | $500,001$1,000,000 $500,001$1,000,000 |
Retirement 2020 | Jerome A. Clark Edmund M. Notzon III | none none | $500,001$1,000,000 $500,001$1,000,000 |
Retirement 2025 | Jerome A. Clark Edmund M. Notzon III | none none | $500,001$1,000,000 $500,001$1,000,000 |
Retirement 2030 | Jerome A. Clark Edmund M. Notzon III | none none | $500,001$1,000,000 $500,001$1,000,000 |
Retirement 2035 | Jerome A. Clark Edmund M. Notzon III | none none | $500,001$1,000,000 $500,001$1,000,000 |
Retirement 2040 | Jerome A. Clark Edmund M. Notzon III | $500,001$1,000,000 none | $500,001$1,000,000 $500,001$1,000,000 |
Retirement 2045 | Jerome A. Clark Edmund M. Notzon III | none none | $500,001$1,000,000 $500,001$1,000,000 |
Retirement Income | Jerome A. Clark Edmund M. Notzon III | none none | $500,001$1,000,000 $500,001$1,000,000 |
Science & Technology | Michael F. Sola | $100,001$500,000 | over $1,000,000 |
Short-Term Bond | Edward A. Wiese | $100,001$500,000 | over $1,000,000 |
Small-Cap Stock | Gregory A. McCrickard | $100,001$500,000 | over $1,000,000 |
Small-Cap Value | Preston G. Athey | over $1,000,000 | over $1,000,000 |
Spectrum Growth | Edmund M. Notzon III | $100,001$500,000 | $500,001$1,000,000 |
Spectrum Income | Edmund M. Notzon III | $10,001$50,000 | $500,001$1,000,000 |
Spectrum International | David J.L. Warren | none | $100,001$500,000 |
Summit Cash Reserves | James M. McDonald | $10,001$50,000 | over $1,000,000 |
Summit GNMA | Connice A. Bavely | none | $100,001$500,000 |
Summit Municipal Income | Konstantine B. Mallas | $10,001$50,000 | $500,001$1,000,000 |
Summit Municipal Intermediate | Charles B. Hill | $10,001$50,000 | $500,001$1,000,000 |
Summit Municipal Money Market | Joseph K. Lynagh | none | over $1,000,000 |
Tax-Efficient Balanced | Hugh D. McGuirk Donald J. Peters | $10,001$50,000$500,001$1,000,000 | over $1,000,000 over $1,000,000 |
Tax-Efficient Growth | Donald J. Peters | over $1,000,000 | over $1,000,000 |
Tax-Efficient Multi-Cap Growth | Donald J. Peters | $500,001$1,000,000 | over $1,000,000 |
Tax-Exempt Money | Joseph K. Lynagh | none | over $1,000,000 |
Tax-Free High Yield | James M. Murphy | $10,001$50,000 | $500,001$1,000,000 |
Tax-Free Income | Mary J. Miller | $100,001$500,000 | over $1,000,000 |
Tax-Free Intermediate Bond | Charles B. Hill | $1$10,000 | $500,001$1,000,000 |
Tax-Free Short-Intermediate | Charles B. Hill | none | $500,001$1,000,000 |
Total Equity Market Index | E. Frederi
ck Bair Ken D. Uematsu | $1$10,000 none | $100,001$500,000 $50,001$100,000 |
U.S. Bond Index | Edmund M. Notzon III | $10,001$50,000 | $500,001$1,000,000 |
U.S. Treasury Intermediate | Cheryl A. Mickel | $10,001$50,000 | $100,001$500,000 |
U.S. Treasury Long-Term | Brian J. Brennan | $10,001$50,000 | $100,001$500,000 |
U.S. Treasury Money | James M. McDonald | none | over $1,000,000 |
Value | John D. Linehan | $100,001$500,000 |
over $1,000,000 |
Fund | Range of Fund Holdings as of Fund`s Fiscal Year a | All Funds Range as of 12/31/05 | |
---|---|---|---|
Portfolio Manager | |||
Institutional Concentrated Large-Cap Value | David R. Giroux John D. Linehan | none none | $500,001-$1,000,000 over $1,000,000 |
Institutional Core Plus | Brian J. Brennan | none | $100,001$500,000 |
Institutional Emerging Markets Equity | Christopher D. Alderson Frances Dydasco Mark J.T. Edwards Gonzalo Px87 ngaro David J.L. Warren | none none none none none | over $1,000,000 none $500,001$1,000,000 over $1,000,000 $100,001$500,000 |
Institutional Foreign Equity | Mark C.J. Bickford-Smith Dean Tenerelli David J.L. Warren | none none none | $100,001$500,000 none $100,001$500,000 |
Institutional Global Equity | Robert N. Gensler | none | over $1,000,000 |
Institutional High Yield | Mark J. Vaselkiv | none | over $1,000,000 |
Institutional Large-Cap Core Growth | Larry J. Puglia | none | over $1,000,000 |
Institutional Large-Cap Growth | Robert W. Sharps | none | over $1,000,000 |
Institutional Large-Cap Value | David Giroux John D. Linehan Brian C. Rogers | none none none | $500,001-$1,000,000 over $1,000,000 over $1,000,000 |
Institutional Mid-Cap Equity Growth | Brian W.H. Berghuis | none | over $1,000,000 |
Institutional Small-Cap Stock | Gregory A. McCrickard | none | over $1,000,000 |
Short-Term Income | Edward A. Wiese | none | over $1
,000,000 |
Fund | Range of Fund Holdings as of Fund`s Fiscal Yeara | All Funds Range as of 12/31/05 | |
---|---|---|---|
Portfolio Manager | |||
Blue Chip Growth Portfolio | Larry J. Puglia | none | over $1,000,000 |
Equity Income Portfolio | Brian C. Rogers | none | over $1,000,000 |
Equity Index 500 Portfolio | E. Frederick Bair | none | $100,001$500,000 |
Health Sciences Portfolio | Kris H. Jenner | none | $100,001$500,000 |
International Stock Portfolio | Mark C.J. Bickford-Smith Dean Tenerelli David J.L. Warren | none none none | $100,001$500,000 none $100,001$500,000 |
Limited-Term Bond Port
folio | Edward A. Wiese | none | over $1,000,000 |
Mid-Cap Growth Portfolio | Brian W.H. Berghuis | none | over $1,000,000 |
New America Growth Portfolio | Joseph M. Milano
font> | none | over $1,000,000 |
Personal Strategy Balanced Portfolio | Edmund M. Notzon III | none | $500,001$1,000,000 |
Prime Reserve Portfolio | James M. McDonald | none | over $1,000,000 |
F und | Range of Fund Holdings as of Fund`s Fiscal Year a | All Funds Range as of 12/31/05 | |
---|---|---|---|
Portfolio Manager |
| ||
California Tax-Free Bond | Konstantine B. Mallas | none | $500,001$1,000,000 |
California Tax-Free Money | Joseph K. Lynagh | none | over $1,000,000 |
Florida Intermediate Tax-Free | Charles B. Hill | none | $500,001$1,000,000 |
Georgia Tax-Free Bond | Hugh D.
McGuirk | none | over $1,000,000 |
New Jersey Tax-Free Bond | Konstantine B. Mallas | none | $500,001$1,000,000 |
New York Tax-Free Bond | Konstantine B. Mallas | none | $500,001$1,000,000 |
New York Tax-Free Money | Joseph K. Lynagh | none | over $1,000,000 |
Virginia Tax-Free Bond | Hugh D. McGuirk | none | over $1,000,000 |
Registered Investment Companies | Other Pooled Inve stment Vehicles | Other Accounts | |||||||
---|---|---|---|---|---|---|---|---|---|
Portfolio Manager | Number | Total Assets | Number | Total Assets | Number | Total Assets | |||
Christopher D. Alderson | 8 | $3,022,014,523 | 3 | $2,484,694,058 | 3 | $498,299,221 | |||
Preston G. Athey | 7<
/font> | 6,966,880,190 | 3 | 37,968,683 | 9 | 838,520,541 | |||
E. Frederick Bair | 9 | 6,947,884,558 | 2 | 3,394,160,400 | 1 | 498,751,311 | |||
P. Robert Bartolo | 1 | 438,133,385 | | | | | |||
Connice A. Bavely | 5 | 1,386,402,369 | 1 | 86,265,979 | 1 | 212,034,154 | |||
Brian W.H. Berghuis | 8 | 19,758,863,428 | 1 | 45,768,661 | 4 | 290,032,855 | |||
Mark C.J. Bickford-Smith | 3 | 1,218,687,415 | 3 | 128,367,636 | 6 | 2,080,552,514 | |||
Stephen W. Boesel | 3 | 11,023,176,950 | | | 7 | 94,489,202 | |||
Brian J. Brennan | 3 | 280,884,309 | 6 | 2,744,546,859 | 7 | 542,508,780 | |||
Jerome A. Clark | 43 | 13,338,661,809 | 5 | 32,441,641 | | | |||
Michael J. Conel
ius | 2 | 497,421,206 | 3 | 274,683,449 | 1 | | |||
Anna M. Dopkin | 1 | 1,740,796,781 | | | | | |||
Frances Dydasco | 1 | 1,285,001,815 | | | | | |||
Mark J.T. Edwards | 2 | 1,699,568,786 | | | | | |||
Henry M. Ellenbogen | 1 | 438,133,385 | | | | | |||
Robert N. Gensler | 2 | 301,208,812 | 2 | 1,055,733,519 | 1 | 35,657,558 | |||
David Giroux | 1 | 160,461,930 | | | | | |||
M. Campbell Gunn | 2 | 626,122,479 | | | | | |||
Charles B. Hill | 5 | 1,219,503,120 | | | 14 | 1,005,428,894 | |||
Michael W. Holton | 1 | 394,151,170 | | | | | |||
Thomas J. Huber | 1 | 773,625,439 | | | | | |||
Kris H. Jenner | 6 | 2,610,514,850 | 2 | 112,912,980 | 1 | 29,731,124 | |||
Ian D. Kelson | 13 | 2,354,817,404 | 22 | 377,449,441 | 3 | 45,298,994 | |||
John H. Laporte | 2 | 6,
964,704,705 | 1 | 39,038,940 | 6 | 535,411,994 | |||
David M. Lee | 1 | 961,693,647 | | | | | |||
John D. Linehan | 5 | 4,624,253,891 | 2 | 358,554,035 | 14 | 1,134,966,892 | |||
Anh Lu | 1 | 1,290,810,405 | | | | | |||
Joseph K. Lynagh | 5 | 1,782,135,538 | | | 14 | 413,183,810 | |||
Konstantine B. Mallas | 4 | 917,732,981 | | | 4 | 58,273,602 | |||
Gregory A. McCrickard | 4<
/font> | 8,171,827,968 | 2 | 230,778,306 | 8 | 1,019,325,355 | |||
James M. McDonald | 6 | 19,672,937,791 | 1 | 426,924,730 | | | |||
Hugh D. McGuirk td> | 4 | 2,021,720,880 | | | 10 | 288,723,487 | |||
Cheryl A. Mickel | 1 | 241,954,257 | 1 | 3,457,877,929 | 18 | 2,819,107,450 | |||
Joseph M. Milano | 2 | 960,202,894 | | | | | |||
Mary J. Miller | 1 | 1,789,849,500 | | | 2 | 197,470,994 | |||
Raymond A. Mills, Ph.D. | 3 | 1,115,309,653 | | | 1 | 29,288,893 | |||
James M. Murphy | 1 | 1,430,181,518 | | | | | |||
Edmund M. Notzon III | 21 | 11,935,804,262 | 7 | 1,047,946,625 | 13 | 1,141,315,485 | |||
Charles M. Ober | 2 | 4,166,754,711
font> | | | 4 | 601,781,869 | |||
Gonzalo Px87 ngaro | 3 | 1,233,309,699 | | | | | |||
Donald J. Peters | 14 | 2,941,958,082 | | | 31 | 1,904,095,399 | |||
Larry J. Puglia | 10 | 13,670,710,486 | 1 | 115,465,244 | 12 | 1,184,539,686 | |||
Brian C. Rogers | 13 | 29,524,951,128 | 2 | 207,117,655 | 17 < /td> | 1,420,354,309 | |||
Jeffrey Rottinghaus | 2 | 163,850,169 | 2 | 13,954,386 | | | |||
Daniel O. Shackelford | 5 | 4,306,582,555 | 1 | 164,007,473 | 6 | 1,485,806,187 | |||
Robert W. Sharps | 7 | 2,030,320,450 | 3 | 1,633,412,910 | 9 | 1,159,806,193 | |||
Neil Smith | 1 | 137,643,452 | | | | | |||
Robert W. Smith | 13 | 16,249,509,613 | | | 4 | 254,784,351 | |||
Michael F. Sola | 4 | 5,242,879,182 | | | | | |||
William J. Stromberg | 3 | 1,161,625,064 | 4 | 1,189,854,244 | 22 | 3,763,638,059 | |||
Dean Tenerelli | 4 | 2,831,737,011 | 3 | 223,733,249 | 1 | 24,843,069 | |||
Justin Thomson | 1 | 471,145,797 | | | | | |||
David A. Tiberii | 2 | 219,373,319 | 3 | 228,490,632 | 11 | 1,708,881,453 | |||
Ken D. Uematsu | 1 | 382,230,184 | | | | | |||
Mark J. Vaselkiv | 7 | 5,310,124,108 | 2,720,791,479 | 17 | 2,232,352,141 | ||||
David J. Wallack | 3 | 6,330,378,523 | 1 | 36,947,675 | 1 | 89,613,546 | |||
David J.L. Warren | 4 | 6,726,075,342 | 1 | 127,544,987 | 1 | 42,108,928 | |||
Edward A. Wiese | 3 | 1,504,306,143 | 1 | 38,583,369 | 10 | 1,424,732,8
59 | |||
Paul W. Wojcik | 4 | 832,110,948 | | | 1 | 28,266,606 |
Fund | Shareholder | % |
---|---|---|
Balanced | T. Rowe Price Trust Company Attn.: TRPS Institutional Control Department P.O. Box 17215 Baltimore, Maryland 21297 | 48.02(c) |
Blue Chip Growth | Fidelity Investments Institutional Operations Company FIIOC as Agent for Merck & Co. Inc. 100 Magellan Way (KW1C) Covington, Kentucky 41015 Pirateline & Co. T. Rowe Price Associates Attn.: Fund Accounting Department 100 East Pratt Street Baltimore, Maryland 21202 T. Rowe Price Retirement Plan Services TR Blue Chip Growth Fund Attn.: Asset Reconciliations P.O. Box 17215 Baltimore, Maryland 21297 | 5.28 6.98 30.39(b) |
Blue Chip Growth FundAdvisor Class | John Hancock Life Insurance Company USA 250 Bloor Street East, Floor 7E Toronto Ontario Canada M4W1E5 Mercer Trust Company TR FBO Reuters 401(k) Pension Plan 1 Investors Way Norwood, Massachusetts 02062 National Financial Services for the Exclusive Benefit of Our Customers 200 Liberty Street One Financial Center, 4th Floor New York, New York 10281 | 40.15(a) 6.54 13.45 |
Blue Chip Growth FundR Class | American United Life Separate Account II P.O. Box 1995 Indianapolis, Indiana 46206 Massachusetts Mutual Life Insurance Co. 1295 State Street Fund Operations Springfield, Massachusetts 01111 Nationwide Trust Company FSB c/o IPO P ortfolio Accounting P.O. Box 182029 Columbus, Ohio 43218 Taynik & Co. c/o Investors Bank & Trust P.O. Box 9130 Boston, Massachusetts 02117 | 19.62 17.63 < font style="font-size:10.0pt;" face="Berkeley Book"> 17.77 6.29 |
California Tax-Free Money | Georgette O`Connor Day TR Georgette O`Connor Day Trust Los Angeles, California | 8.78 |
Capital Appreciation | Charles Schwab & Co., Inc. Reinvest Account Attn.: Mutual Fund Department 101 Montgomery Street San Francisco, California 94104 National Financial Services for the Exclusive Benefit of Our Customers T. Rowe Price Trust Company Attn.: TRPS Institutional Control Department | 9.25 9.11 6.78 |
Capital Appreciation FundAdvisor Class | Investors Bank & Trust FBO Various Retirement Plans 4 Manhattanville Road Purchase, New York 10577 National Financial Services for the Exclusive Benefit of Our Customers | 6.82 41.41(a) |
Capital Opportunity | McWood & Co. c/o First Citizens Bank & Trust P.O. Box 29522 Raleigh, North Carolina 27626 Swebak & C o. c/o Amcore Investment Group P.O. Box 4599 Rockford, Illinois 61110 | 29.99(a) 20.32 |
Capital Opportunity FundAdvisor Class | T. Rowe Price Associates Attn.: Financial Reporting Department 100 East Pratt Street Baltimore, Maryland 21202 | 96.48(e) |
Capital Opportunity Fund | T. Rowe Price Associates Attn.: Financial Reporting Department | 100.00(e) |
Corporate Income | Yachtcrew & Co. T. Rowe Price Associates Attn.: Fund Accounting Department 100 East Pratt Street Baltimore, Maryland 21202 | 45.46(d) |
Developing Technologies | TRP Finance, Inc. 802 West Street Suite 301 Wilmington, Delaware 19801 Trustees of T. Rowe Price U.S. Retirement Program Attn.: Financial Reporting Department P.O. Box 89000 Baltimore, Maryland 21289 | 6.35 7.78 |
Dividend Growth | T. Rowe Price Trust Company Dividend Growth Fund (DGF) Attn.: Asset Reconciliation P.O. Box 17215 Baltimore, Maryland 21297 | 15.01 |
Emerging Europe & Mediterranean | National Financial Services for the Exclusive Benefit of O ur Customers | 20.79 |
Emerging Markets Bond | Charles Schwab & Co., Inc. National Financial Services for the Exclusive Benefit of Our Customers Yachtcrew & Co. | 9.11 7.28 19.25 |
Emerging Markets Stock | Charles Schwab & Co., Inc. National Financial Services for the Exclusive Benefit of Our Customers T. Rowe Price Trust CompanyAttn.: TRPS Institutional Control Department | 9.72 10.60 5.80 | Equity Income | T. Rowe Price Trust Company Attn.: TRPS Institutional Control Department | 20.43 |
Equity Income FundAdvisor Class | Citigroup Global Markets Inc. 333 West 34th Street, 3rd Floor New York, New York 10001 John Hancock Life Insurance Company USA National Financial Services for the Exclusive Benefit of Our Customers PRIAC FBO Various Retirement Plans 801 Pennsylvania Avenue Kansas City, Missouri 64105 | 9.15 13.36 35.46(a) 6.98 |
Equity Income FundR Class < /font> | American United Life Separate Account II Nationwide Trust Company FSB Unified Trust Company NA 2353 Alexandria Drive, Suite 100 Lexington, Kentucky 40504 Wachovia Bank FBO Various Retirement Plans 1525 West WT Harris Boulevard Charlotte, North Carolina 28288 | 13.91 10.74 6.61 13.70 |
Equity Index 500 < font style="font-size:10.0pt;" face="Berkeley Book" color="Black"> | Retirement Portfolio 2010 T. Rowe Price Associates Attn.: Fund Accounting Department 100 East Pratt Street Baltimore, Maryland 21202 Retirement Portfolio 2020 T. Rowe Price Associates Attn.: Fund Accounting Department 100 East Pratt Street Baltimore, Maryland 21202 T. Rowe Price Trust Company Attn.: RPS Control Department 10090 Red Run Boulevard Owings Mills, Maryland 21117 | 8.71 8.33 15.64 |
European Stock | Bobstay & Co. T. Rowe Price Associates Attn.: Fund Accounting Department 100 East Pratt Street Baltimore, Maryland 21202 Charles Schwab & C o., Inc. | 7.64 7.37 |
Extended Equity Market Index | T. Rowe Price Trust Company Attn.: TRPS Institutional Control Department | 21.59 |
Financial Services | Charles Schwab & Co., Inc. | 5.28 |
Georgia Tax-Free Bond | Charles Schwab & Co., Inc. | 7.11 |
Global Stock | Charles Schwab & Co., Inc. National Financial Services for the Exclusive Benefit of Our Customers T. Rowe Price Retirement Plan Services, Inc. Omnibus Plan Install Team P.O. Box 17215 Baltimore, Maryland 21297 | 5.10 6.45 6.39 |
Global Stock FundAdvisor Class | T. Rowe Price Associates | 96.89(e) |
GNMA | Yachtcrew & Co. | 41.56(d) |
TRP Government Reserve Investment | Barnaclesail c/o T. Rowe Price Associates Attn.: Mid-Cap Growth Fund 100 East Pratt Street Baltimore, Maryland 21202 Bridgesail & Co. c/o T. Rowe Price Associates Attn.: Science & Technology Fund 100 East Pratt Street Baltimore, Maryland 21202 T. Rowe Price Retirement Plan Services, Inc. Attn.: RPS Cash Group 4515 Painters Mill Road Owings Mills, Maryland 21117 | 65.51(a) 12.38 11.79 |
Growth & Income | T. Rowe Price Trust Company Attn.: TRPS Institutional Control Department | 20.23 |
Growth Stock | Charles Schwab & Co., Inc. T. Rowe Price Trust Company Attn.: TRPS Institutional Control Department | 5.13 12.59 < /td> |
Growth Stock FundAdvisor Class | National Financial Services for the Exclusive Benefit of Our Customers U.S. Bank FBO Private Asset Department OA Platform P.O. Box 1787 Milwaukee, Wisconsin 53201 | 33.02(a) 6.18 |
Growth Stock FundR Class | American United Life<
font style="font-size:10.0pt;" face="Berkeley Book"> American Unit Investment Trust American United Life Separate Account II Nationwide Trust Company FSB Suntrust Bank TR FBO Florida Rock Industries Inc. Profit Sharing & Deferred Earnings Plan c/o FASCORP 8515 East Orchard Road Attn.: 2T2 Englewood, Colorado 80111 | 5.08 13.61 7.38 6.11 |
Health Sciences | John Hancock Life Insurance Company USA | 8.78 |
High Yield | Retirement Portfolio 2020 Yachtcrew & Co. | 5.91 21.44 |
High Yield FundAdvisor Class | National Financial Services for the Exclusive Benefit of Our Customers | 95.50(a) |
Inflation Protected Bond | T. Rowe Price Retirement Plan Services, Inc. Omnibus Account Inflation Protected Bond P.O. Box 17215 Baltimore, Maryland 21297 | 19.36 |
Institutional Core Plus | Dewey Ballantine LLP 1301 Avenue of the Americas New York, New York 10019 Episcopal Community Services of the Diocese of Pennsylvania 225 South 3rd Street Philadelphia, Pennsylvania 19106 TRP Finance, Inc. | 50.07(a) 10.01 39.92(f) |
Institutional Emerging Markets Equity < br> | Mac & Co. Mutual Funds Operations P.O. Box 3198 525 William Penn Place Pittsburgh, Pennsylvania 15230 Nabank & Co. Daily Record Keeping Account Attn.: Trust Securities P.O. Box 2180 Tulsa, Oklahoma 74101 SEI Private Trust Co. c/o Harris Bank Attn.: Mutual Funds One Freedom Valley Drive Oaks, Pennsylvania 19456 The Glenmede Trust Co. Lauer & Company P.O. Box 58997 Philadelphia, Pennsylvania 19102 The Nemours Foundation 4600 Touchton Road East Building 200, Suite 500 Jacksonville, Florida 32246 | 6.69 7.79 45.28(a) 10.02 8.47 |
Institutional Foreign Equity font> | Mac & Co. Nabank & Co. Saxon & Co. P.O. Box 7780-1888 Philadelphia, Pennsylvania 19182 State Street Bank & Trust Co. Cust. Houston Metro Transit Authority FundMTA Union 805 Pennsylvania Avenue Tower 2, 5th Floor Kansas City, Missouri 64105 State Street Bank & Trust Co. Cust. Houston Metro Transit Authority FundMTA Non-Union 805 Pennsylvania Avenue Tower 2, 5th Floor Kansas City, Missouri 64105 T. Rowe Price Trust Company Balanced Fund Employee Profit Sharing Retirement Plan of Winn Dixie Stores, Inc. 100 East Pratt Street Vanguard Fiduciary Trust Company FBO Pioneer Hi-Bred Mix 3 and Mix 4 P.O. Box 2600 Valley Forge, Pennsylvania 19482 | 10.11<
font style="font-size:10.0pt;" face="Berkeley Book"> 5.31 5.45 10.75 9.02 5.83 18.00 |
Institutional Global Equity | TRP Finance, Inc. | 100.00(f) |
Institutional High Yield | Bread & Co. c/o T. Rowe Price Associates Attn.: Balanced Fund 100 East Pratt Street Baltimore, Maryland 21202 Ladybird & Co. c/o T. Rowe Price Associates Attn.: Personal Strategy Income Fund 100 East Pratt Street Baltimore, Maryland 21202 Ladybug & Co. c/o T. Rowe Price Associates Attn.: Personal Strategy Balanced Fund 100 East Pratt Street Baltimore, Maryland 21202 National City TR FBO Jones Day 401(k) Plan Attn.: Trust Mutual Funds P.O. Box 94984 Cleveland, O hio 44101 | 30.42(a) 9.72 14.75 8.25 |
Institutional Large-Cap Core Growth | Post & Co. c /o The Bank of New York Mutual Fund Reorg. Department, 6th Floor P.O. Box 1066 Wall Street Station New York, New York 10268 The Jewish Foundation of Cincinnati 8044 Montgomery Road, Suite 700 Cincinnati, Ohio 45236 TRP Finance, Inc. | 58.89(a) 29.51(a) 7.59 |
Institutional Large-Cap Growth | Charles Schwab & Co., Inc. Dewey Ballantine LLP Fidel ity Investments Institutional Operations Company FIIOC as Agent for Florida Power & Light | 25.80(a) 6.91 14.96 |
Institutional Large-Cap Value | Carey & Co. c/o Huntington Trust Company 7 Easton Oval Columbus, Ohio 43219 Charles Schwab & Co., Inc. Dewey Ballantine LLP Fidelity Management TR FBO Retirement Savings Plan for Pilots of US Airways Inc. 82 Devonshire Street Z1M Boston, Massachusetts 02109 Investors Bank & Trust < /font>FBO Various Retirement Plans 4 Manhattanville Road Purchase, New York 10577 Patterson & Co. FBO Town of West Hartford Pension 1525 West WT Harris Boulevard Ch arlotte, North Carolina 28288 | 13.21 27.14(a) 9.73 5.94 14.58 6.45 |
Institutional Mid-Cap Equity Growth | Balsa & Company 14221 Dallas Parkway Dallas, Texas 75254 SEI Private Trust Co. c/o M&T Bank U.S. Bank FBO Land O` Lakes Retiremen t Trust | 6.54 5.02 5.34 |
Institutional Small-Cap
Stock | National Financial Services for the Exclusive Benefit of Our Customers Sigler & Co. Smithsonian Institution 3 Chase Metrotech Center, 5th Floor Brooklyn, New York 11245 Trust & Custody Services Bank LTD Tower Z Harumi Triton Square 8-12 Harumi 1-Chome Chuo-Ku Tokyo, Japan 104-6228 | 14.51 13.01 10.80 |
International Bond | Charles Schwab & Co., Inc. National Financial Services for the Exclusive Benefit of Our Customers < /font> Yachtcrew & Co. | 12.40 5.36 25.41(d) |
International Bond FundAdvisor Class | Citigroup Global Markets Inc. Citigroup Institutional Trust Co. Smith Barney 401(k) Advisor Group 400 Atrium Drive Somerset, New Jersey 08873 National Financial Services for the Exclusive Benefit of Our Customers | 54.44(a) 12.40 21.52 |
International Discovery | Fidelity Investments Institutional Operations Company FIIOC as Agent for < /font>Ford SSIP National Financial Services for the Exclusive Benefit of Our Customers T. Rowe Price Retirement Plan Services, Inc. Attn.: Asset Reconciliation P.O. Box 17215 Baltimore, Maryland 21297 Vanguard Fiduciary Trust Company T. Rowe Price Retail Class Funds Attn.: Outside Funds P.O. Box 2600 Valley Forge, Pennsylvania 19482 | 9.50 5.02 6.62 9.21 |
International Equity Index | T. Rowe Price Retirement Plan Services, Inc. Omnibus Plan New Business-Conv. Assets P.O. Box 17215 Baltimore, Maryland 21297 | 12.2 |
International Growth & Income | Pirateline & Co. Retirement Portfolio 2010 Retirement Portfolio 2020 Retirement Portfolio 2030 T. Rowe Price Associates Attn.: Fund Accounting Department 100 East Pratt Street Baltimore, Maryland 21202 | 13.16 6.08 10.15 7.99 |
International Growth & Income FundAdvisor Class | U.S. Bank FBO Private Asset Department OA Platform | 93.80(a) |
International Growth & Income FundR Class | American United Life American Unit Investment Trust America n United Life Separate Account II | 30.42(a) 47.48(a) |
Intern
ational Stock | T. Rowe Price Trust Company Attn.: TRPS Institutional Control Department | 14.09 |
International Stock FundAdvisor Class | Citigroup Global Markets Inc. U.S. Bank FBO Private Asset Department OA Platform | 24.80 21.80 |
International Stock FundR Class | American United Life Separate Account II T. Rowe Price Retirement Plan Services, Inc. Omnibus Account Retirement ISR P.O. Box 17215 Baltimore, Maryland 21297 | 24.86 58.01(b) |
Japan | Charles Sc
hwab & Co., Inc. Knotfloat & Co. P.O. Box 5496 Boston, Massachusetts 02206 National Financial Services for the Exclusive Benefit of Our Customers | 8.45 6.33 7.92 |
Latin America | Charles Schwab & Co., Inc. Wilmington Trust Co. FBO Continental Airlines Inc. DCP Plan c/o Mutual Funds P.O. Box 8971 Wilmington, Delaware 19899 | 10.94 5.11 |
Maryland Short-Term Tax-Free Bond | Charles Schwab & Co., Inc. | 5.75 |
Maryland Tax-Free Money | T. Rowe Price Associates Attn.: Financial Reporting Department | 19.69 |
Media & Telecommunications | Charles Schwab & Co., Inc. T. Rowe Price Trust Company Media & Telecommunications Fund P.O. Box 17215 Baltimore, Maryland 21297 | 5.41 8.46 |
Mid-Cap Growth | Charles Schwab & Co., Inc.
font> T. Rowe Price Trust Company Attn.: Asset Reconciliations P.O. Box 17215 Baltimore, Maryland 21297 | 7.41 18.08 |
Mid-Cap Growth FundAdvisor Class | MITRA & Company 11270 West Park Place Suite 400 Attn.: Mutual Funds Milwaukee, Wisconsin 53224 National Financial Services for the Exclusive Benefit of Our Customers U.S. Bank FBO Private Asset Department OA Platform Vanguard Fiduciary Trust Company T. Rowe Price Advisor Class Funds Attn.: Outside Funds P.O. Box 2900 Valley Forge, Pennsylvania 19482 Wells Fargo Bank NA FBO RPS T. Rowe Price Mid-Cap Growth P.O. Box 1533 Minneapolis, Minnesota 55480 | 6.36 12.34 8.63 14.64 5.20 |
Mid-Cap Growth FundR Class | American United Life Separate Account II ING Life Insurance & Annuity Company 151 Farmington Avenue Hartford, Connecticut 06156 Nationwide Trust Company FSB T. Rowe Price Retirement Plan Services, Inc. Omnibus Account Retirement MGR | 5.47 18.51 16.07 6.40 |
Mid-Cap Value | Charles Schwab & Co., Inc. National Financial Services for the Exclusive Benefit of Our Customers T. Rowe Price Retirement Plan Services, Inc. Omnibus Account New Business Group P.O. Box 17215 Baltimore, Maryland 21297 | 6.00 6.53 6.93 |
Mid-Cap Value FundAdvisor Class | John Hancock Life Insurance Company USA National Financial Services for the Exclusive Benefit of Our Customers Union Central Life Insurance Company 1876 Waycross Road, #3 Cincinnati, Ohio 45240 U.S. Bank FBO Private Asset Department OA Platform | 5.10 14.73 6.45 8.06 |
Mid-Cap Value FundR Class | American United Life Separate Account II ING Life Insurance & Annuity Co mpany J.P. Morgan Chase TR FBO ADP Mid Market Product 3 Metrotech Center, 6th Floor Brooklyn, New York 11245 Nationwide Trust Company FSB State Street Bank & TR FBO ADP Daily Valuation B 105 Rosemont Road Westwood, Massachusetts 02090 | 7.57 7.57 6.74 15.14 25.68(a) |
New America Growth | T. Rowe Price Trust Company Attn.: TRPS Institutional Control Department Wilmington Trust Co. | 20.60 7.61 |
New Asia | Charles Schwab & Co., Inc. | 9.01 |
New Era | Charles Schwab & Co., Inc. National Financial Services for the Exclusive Benefit of Our< /font> Customers | 9.68 6.04 |
New Horizons | Pirateline & Co. T. Rowe Price Trust Company Attn.: TRPS Institutional Control Department | 5.83 27.61(c) |
New Income | Retirement Portfolio 2010 Retirement Portfolio 2015 Retirement Portfolio 2020 T. Rowe Price Trust Company Attn.: TRPS Institutional Control Department Yachtcrew & Co. | 11.23 5.78 8.68 7.50 22.27 |
New Income FundR Class<
/font> | AMVESCAP National Trust Company as Agent for VALIC FBO Pieper Bancorp Inc. Profit Sharing Plan P.O. Box 105779 Atlanta, Georgia 30348 MITRA & Company Nationwide Trust Company FSB T. Rowe Price Retirement Plan Services, Inc. Omnibus Account Retirement NIR | 5.26 16.80 6.51 58.65(b) |
New Jersey Tax-Free Bond font> | PFPC Brokerage Inc. PFPC Wrap Services FBO Hilliard Lyons/Capital Dist. | 8.71 |
New York Tax-Free Money < /td> | Coleman M. Brandt Grace L. Brandt JT TEN New York, New York | 9.55 |
Personal Strategy Balanced td> | T. Rowe Price Trust Company Balanced Attn.: Asset Reconciliation P.O. Box 17215 Baltimore, Maryland 21297 | 41.38(c) |
Personal Strategy Growth | T. Rowe Price Trust Company Attn.: Growth Asset P.O. Box 17215 Baltimore, Maryland 21297 | 30.71(c) |
Personal Strategy Income | T. Rowe Price Trust Company Income Attn.: Asset Reconciliation P.O. Box 17215 Baltimore, Maryland 21297 | 30. |
Prime Reserve | T. Rowe Price Trust Company Attn.: TRPS Institutional Control Department | 12.27 |
Real Estate | Charles Schwab & Co., Inc. T. Rowe Price Retirement Plan Services, Inc. Omniplan Account New Business Group Conv. Asset P.O. Box 17215 Baltimore, Maryland 21297 | 6.03 7.36 |
Real Estate FundAdvisor Class | National Financial Services for the Exclusive Benefit of Our Customers Union Bank TR Nominee FBO Bank of Tokyo Mitsubishi< font style="font-size:10.0pt;" face="Berkeley Book"> P.O. Box 85484 San Diego, California 92186 Wachovia Bank FBO Various Retirement Plans Wells Fargo Bank NA FBO Retirement Plan Services P.O. Box 1533 Minneapolis, Minnesota 55480 | 58.67(a) 7.00 11.96 6.74 |
TRP Reserve Investment | Covewater & Co. c/o T. Rowe Price Associates Attn.: Mid-Cap Value Fund 100 East Pratt Street Baltimore, Maryland 21202 Overlap & Co. c/o T. Rowe Price Associates Attn.: Small-Cap Stock Fund 100 East Pratt Street Baltimore, Maryland 21202 Seamile & Co. c/o T. Rowe Price Associates Attn.: Capital Appreciation Fund 100 East Pratt Street Baltimore, Maryland 21202 Taskforce & Co. c/o T. Rowe Price Associates Attn.: Equity Income Fund 100 East Pratt Street Baltimore, Maryland 21202 The GCG Trust Fully Managed Series Bank of New York One Wall Street, 25th Floor New York, New York 10286 T. Rowe Price Man aged GIC Stable Value Fund T. Rowe Price Associates, Inc. 100 East Pratt Street, 7th Floor Baltimore, Maryland 21202 | 7.08 6.21 18.26 10.02 5.65 5.58 |
Retirement 2005 | T.
Rowe Price Retirement Plan Services, Inc. Omnibus Account Retirement P.O. Box 17215 Baltimore, Maryland 21297 | 54.33(b) |
Retirement 2010 | T. Rowe Price Retirement Plan Services, Inc. Omnibus Account Retirement 2010 P.O. Box 17215 Baltimore, Maryland 21297 | 56.46(b) |
Retirement 2010 FundAdvisor Class | AIG Federal Savings Bank TR FBO Memorial Health System 401(k) Plan 2929 Allen Parkway Houston, Texas 77019 Saxon and Co. Union Bank TR Nominee FBO Bank of Tokyo Mitsubishi Union Central Life Insurance Co. Wells Fargo Bank NA FBO Retirement Plan Services | 19.96 6.01 10.76 16.82 6.64 |
Retirement 2010 FundR Class | American Red Cross Savings Plan State Street Bank & Trust Co. 105 Rosemont Road Westwood, Massachusetts 02090 Saxon and Co. Union Bank of California TR Nominee FBO Omnibus Account | 45.58(a) 12.86 5.13 |
Retirement 2015 | T. Rowe Price Retirement Plan Services, Inc. Omnibus Account Retirement | 59.23(b) |
Retirement 2020 | T. Rowe
Price Retirement Plan Services, Inc. Omnibus Account Retirement 2020 P.O. Box 17215 Baltimore, Maryland 21297 | 59.98(b) |
Retirement 2020 FundAdvisor Class < br> | AIG Federal Savings Bank TR FBO Memorial Health System 401(k) Plan Saxon and Co. Union Bank TR Nominee FBO Bank of Tokyo Mitsubishi Union Central Life Insurance Co. Wells Fargo Bank NA FBO Retirement Plan Services | 19.58 9.93 6.56 20.13 6.36 |
Retirement 2020 FundR Class | American Red Cross Savings Plan Saxon and Co. Union Bank of California TR Nominee FBO Omnibus Account | 14.20 22.71 6.62 |
Retirement 2025 | T. Rowe Price Retirement Plan Services, Inc. Omnibus Account Retirement | 66.00(b) |
Retirement 2030 | T. Rowe Price Retirement Plan Services, Inc. Omnibus Account Retirement 2030 P.O. Box 17215 Baltimore, Maryland 21297 | 63.06(b) |
Retirement 2030 FundAdvisor Class | AIG Federal Savings Bank TR FBO Memorial Health System 401(k) Plan Saxon and Co. Union Bank TR Nominee FBO Bank of Tokyo Mitsubishi Union Central Life Insurance Co. | 22.
font>66 11.81 7.18 22.65 |
Retirement 2030 FundR Class | American Red Cross Savings Plan Saxon and Co. State Street Bank & TR FBO ADP Daily Valuation B Suntrust Bank TR FBO Churchill Downs Inc. 401(k) Union Bank of California TR Nominee FBO Omnibus Account | 17.44 19.59 5.67 7.85 5.66 |
Retirement 2035 | T. Rowe Price Retirement Plan Services, Inc. Omnibus Account Retirement | 67.94(b) |
Retirement 2040 | T. Rowe Price Retirement Plan Services, Inc. Omnibus Account Retirement 2040 P.O. Box 17215 Baltimore, Maryland 21297 | 67.12(b) |
Retirement 2040 FundAdvisor Class | AIG Federal Savings Bank TR FBO Memorial Health System 401(k) Plan Saxon and Co. Union Central Life Insurance Co. Wilmington Trust Company TTEE FBO Kaleida 403(b) Retirement Plan P.O. Box 8880 Wilmington, Delaware 19899 | 15.69 9.68< /font> 20.35 14.03 |
Retirement 2040 FundR Class | J.P. Morgan Chase TR FBO ADP Mid Market Product Saxon and Co. State Street Bank & TR FBO ADP Daily Valuation B Suntrust Bank TR FBO Churchill Downs Inc. 401(k)< /font> Union Bank of California TR Nominee FBO Omnibus Account | 5.50 18.89 10.76 17.31 5.39 |
Retirement 2045 | Mac & Co. T. Rowe Price Retirement Plan Services, Inc. Omnibus Account Retirement | 7.07 64.60(b) |
Retirement Income | T. Rowe Price Retirement Plan Services, Inc. Omnibus Account Retirement Income P.O. Box 17215 Baltimore, Maryland 21297 | 32.59(b) |
Retirement Income FundAdvisor Class | AIG Federal Savings Bank TR FBO Memorial Health System 401(k) Plan Belbank & Co. c/o Belvidere National Bank & Trust Co. 600 South State Street Belvidere, Illinois 61008 Investors Bank & Trust FBO Various Retirement Plans Saxon and Co. Union Bank TR Nominee FBO Bank of Tokyo Mitsubishi | 34.50(a) 5.15 5.90 7.95 17.48 |
Retirement Income FundR Class | Citistreet Retirement Services Trusteed by State Street Bank and Trust 1 Heritage Drive Quincy, Massachusetts 0217 1 Fulton Financial Adv. TTEE FBO TMI Systems Inc. P.O. Box 3215 Lancaster, Pennsylvania 17604 Mac & Co. Wachovia Bank FBO Various Retirement Plans | 35.05(a) 6.99 27.94(a) 7.62 |
Science & Technology | T. Rowe Price Trust Company Attn.: TRPS Institutional Control Department | 22.77 |
Science & Technology FundAdvisor Class | John Hancock Life Insurance Company USA Vanguard Fiduciary Trust Company | 88.05(a) 5.34 |
Short-Term Bond | Retirement Income Portfolio T. Rowe Price Associates Attn.: Fund Accounting Department < /font>100 East Pratt Street Baltimore, Maryland 21202 Yachtcrew & Co. | 6.85 16.53 |
Short-Term Bond FundAdvisor Class | Hilliard Lyons Custodian Audubon, New Jersey Penfirn & Co. FBO 20994060 P.O. Box 3327 Omaha, Nebraska 68103 Pers hing LLC P.O. Box 2052 Jersey City, New Jersey 07303 PFPC Wrap Services Trust Company of America P.O. Box 6503 Englewood, Colorado 80155 Trustlynx & Co. Company 00p06 P.O. Box 173736 Denver, Colorado 80217 UMB Bank Northwestern Lehigh SD 6128 Lone Pond Lane Allentown, Pennsylvania 18104 UMB Bank Woodbine, New Jersery | 10.11 9.56 5.16 7.70 10.88 8.24 17.60 |
Small-Cap Stock | Norwest Bank Company NA TR FBO State of Minnesota Deferred Compensation Plan Minnesota State Deferred Compensation Plan Trust c/o Great West Life Recordkeeper 8515 East Orchard Road Attn.: 2T2 Englewood, Colorado 80111 T. Rowe Price Trust Company T. Rowe Price OTC Fund Attn.: RPS Control Department P.O. Box 17215 Baltimore, Maryland 21297 | 5.62 16.15 |
Small-Cap Stock FundAdvisor Class | ICMA Retirement Trust 777 North Capitol Street NE, Suite 600 Washington, DC 20002 Minnesota Life 401 Robert Street North Saint Paul, Minnesota 55101 Northern Trust Company TR Home Depot Future Builder 401(k) Plan P.O. Box 92994 Chicago, Illinois 60675 Vanguard Fiduciary Trust Company | 12.51 17.59 18.56 14.56 |
Small-Cap Value | T. Rowe Price Trust Company Attn.: TRPS Institutional Control Department | 30.05(c) |
Small-Cap Value FundAdvisor Class | ICMA Retirement Trust John Hancock Life Insurance Company USA Merrill Lynch Pierce Fenner & Smith Inc. for the Sole Benefit of Its Customers 4800 Deer Lake Drive East Jacksonville, Florida 32246 U.S. Bank FBO Private Asset Department OA Platform | 26.82(a) 29.95(a) 7.17 |
Spectrum Growth | T. Rowe Price Trust Company Attn.: TRPS Institutional Control Department | 16.44 |
Spectrum Income | T. Rowe Price Trust Company Attn.: TRPS Institutional Control Department | 25.94(c) |
Spectrum International | T. Rowe Price Retirement Plan Services, Inc. Omniplan Account New Business Group P.O. Box 17215 Baltimore, Maryland 21297 | 7.59 |
Summit Cash Reserves | T. Rowe Price Trust Company Attn.: Asset Reconciliations | 11.70 |
Summit Municipal Income font> | National Financial Services for the Exclusive Benefit of Our Customers | 39.69(a) |
Summit Municipal Intermediate | Charles Schwab & Co., Inc. Prudential Investment Management Services FBO Mutual Funds Clients Attn.: Pruchoice Unit Mail Stop 194-201 194 Wood Avenue South Iselin, New Jersey 08830 | 11.21 30.68(a) |
Summit Municipal Money Market | T. Rowe Price Associates Attn.: Financial Reporting Department | 14.20 |
Tax-Exempt Money | T. Rowe Price Associates Attn.: Financial Reporting Department T. Rowe Price International, Inc. Attn.: Financial Reporting Department 100 East Pratt Street Baltimore, Maryland 21202 | 11.11 10.39 |
Tax-Free High Yield | Charles Schwab & Co., Inc. | 5.75 |
Tax-Free Income FundAdvisor Class | National Financial Services for the Exclusive Benefit of Our Customers | 99.35(a) |
Tax-Free Short-Intermediate | Charles Schwab & Co., Inc. National Financial Services for the Exclusive Benefit of Our Customers | 10.14 5.12 |
U.S. Bond Index | TRP Finance, Inc. Alaska College Savings Trust ACT Portfolio c/o T. Rowe Price Associates 100 East Pratt Street, 7th Floor Baltimore, Maryland 21202 National Financial Services for the Exclusive Benefit of Our Customers T. Rowe Price Retirement Plan Services, Inc. Omnibus Plan New Business-Conv. Assets | 5.02 12.91 7.62 20.67 |
U.S. Treasury Intermediate | T. Rowe Price Trust Company Attn.: TRPS Institutional Control Department | 18.10 |
U.S. Treasury Long-Term | T. Rowe Price Trust Company Attn.: TRPS Institutional Control Department Yachtcrew & Co. | 9.82 45.49(d) |
U.S. Treasury Money | T. Rowe Price Trust Company Attn.: TRPS Institutional Control Department | |
Value | Pirateline & Co. Retirement Portfolio 2020 Retirement Portfolio 2025 Retirement Portfolio 2030 T. Rowe Price Trus t Company Attn.: TRPS Institutional Control Department | 9.43 10.71 5.52 9.63 11.75 |
Value FundAdvisor Class | Minnesota Life National Financial Services for the Exclusive Benefit of Our Customers | 7.20 78. 02(a) |
0.480% | First $1 billion | 0.360% | Next $2 billion | 0.310% | Next $16 billion | |
0.450% | Next $1 billion | 0.350% | Next $2 billion | 0.305% | Next $30 billion | |
0.420% | Next $1 billion | 0.340% | Next $5 billion | 0.300%
| Next $40 billion | |
0.390% | Next $1 billion | 0.330% | Next $10 billion | 0.295% | Next $40 billion | |
0.370% | Next $1 billion |
0.320% | Next $10 billion | 0.290% | Thereafter |
Fund | Fee % |
---|---|
Balanced | 0.15% |
Blue Chip Growth | 0.30(a) |
California Tax-Free Bond | 0.10 |
California Tax-Free Money | 0.10 |
Capital Appreciation | 0.30 |
Capital Opportunity | 0.20 |
Corporate Income | 0.15< br> |
Developing Technologies | 0.60 |
Diversified Mid-Cap Growth | 0.35 |
Diversified Small-Cap Growth | 0.35 |
Dividend Growth | 0.20 |
Emerging Europe & Mediterranean | 0.75 |
Emerging Markets Bond | 0.45 |
Emerging Markets Stock | 0.75 |
Equity Income | 0.25(b) |
European Stock | 0.50 |
0.35 | |
Florida Intermediate Tax-Free | 0.05 |
GNMA | 0.15 |
Georgia Tax-Free Bond | 0.10 |
Global Stock | 0.35 |
Global Technology | 0.45 |
Growth & Income | 0.25 |
Growth Stock | 0.25(b) |
Health Sciences | 0.35 |
High Yield | 0.30 |
Inflation Protected Bond | 0.05 |
International Bond |
0.35 |
International Discovery | 0.75 |
International Growth & Income | 0.35 |
International Stock | 0.35 |
Japan | 0.50 |
Latin Am
erica | 0.75 |
Maryland Short-Term Tax-Free Bond | 0.10 |
Maryland Tax-Free Bond | 0.10 |
Maryland Tax-Free Money | 0.10 |
Media & Telecommunications | 0.3
5 |
Mid-Cap Growth | 0.35(c) |
Mid-Cap Value | 0.35 |
New America Growth | 0.35 |
New Asia | 0.50 |
New Era | 0.25 |
New Horizons | 0.35 |
New Income | 0.15 |
New Jersey Tax-Free Bond | 0.10 |
New York Tax-Free Bond | 0.10 |
New York Tax-Free Money | 0.10 |
Personal Strategy Balanced | 0.25 |
Personal Strategy Growth | 0.30 |
Personal Strategy Income | 0.15 |
Prime Reserve | 0.
05 |
Real Estate | 0.30 |
Science & Technology | 0.35 |
S
hort-Term Bond | 0.10 |
Small-Cap Stock | 0.45 |
Small-Cap Value | 0.35 |
Tax-Efficient Balanced | 0.20 |
Tax-Efficient Growth | 0.30 |
Tax-Efficient Multi-Cap Growth | 0.35 |
Tax-Exempt Money | 0.10 |
Tax-Free High Yiel
d | 0.30 |
Tax-Free Income | 0.15 |
Tax-Free Intermediate Bond | 0.05 |
Tax-Free Short-Intermediate | 0.10 |
U.S. Treasury Intermediate | 0.00 |
U.S. Treasury Long-Term | 0.00 |
U.S. Treasury Money | 0.00 |
Value | 0.35 |
Virginia Tax-Free Bond | 0.10 |
Fund | Fee % |
---|---|
Equity Index 500 | 0.15% |
Institutional Foreign Equity | 0.70 |
Institutional Global Equity | 0.65 |
Institutional Concentrated Large-Cap Value | 0.55 |
Institutional Large-Cap Core Growth | |
Institutional Large-Cap Growth | 0.55 |
Institutional Large-Cap Value | 0.55 |
Institutional Mid-Cap Equity Growth | 0.60 |
Institutional Small-Cap Stock | 0.65 |
Fund | Fee % |
---|---|
Extended Equity Market Index | 0.40% |
Institutional Core Plus | 0.45 |
Institutional Emerging Markets Equity | 1.10 |
Institutional High Yield |
0.50 |
International Equity Index | 0.50 |
Short-Term Income | 0.50 |
Summit Cash Reserves | 0.45 |
Summit GNMA | 0.60 |
Summit Municipal Money Market | 0.45 |
Summit Municipal Intermediate | 0.50 |
Summit Municipal Income | 0.50 |
Total Equity Market Index | 0.40 |
U.S. Bond Index | 0.30 |
Fund | Fiscal Year Ended | ||||
---|---|---|---|---|---|
2/28/06 | 2/28/05 | 2/29/04 | |||
California Tax-Free Bond | $1,145,000 | $1,082,000 | $1,128,000 | ||
California
Tax-Free Money | 436,000 | 406,000 | 403,000 | ||
Florida Intermediate Tax-Free | 401,000 | 403,000 | 415,000 | ||
Georgia Tax-Free Bond | 421,000 | 380,000 | 367,000 | ||
Maryland Short-Term Tax-Free Bond | 763,000 | 957,000 | 1,023,000 | ||
Maryland Tax-Free Bond | 5,478,000 | 5,270,000 | 5,565,000 | ||
Maryland Tax-Free Money | 547,000 | 485,000 | 336,000 | ||
New Jersey Tax-Free Bond | 709,000 | 653,000 | 640,000 | ||
New York Tax-Free Bond | 1,014,000 | 984,000 | 978,000 | ||
New York Tax-Free Money | 486,000 | <
font style="font-size:10.0pt;" face="Berkeley Book">461,000 | 448,000 | ||
Tax-Efficient Balanced | 214,000 | 233,000 | 231,000 | ||
Tax-Efficient Growth | 435,000 | 469,000 | 441,000 | ||
Tax-Efficient Multi-Cap Growth | 217,000 | 146,000 | |||
Tax-Exempt Money | 4,261,000 | 2,957,000 | 2,980,000 | ||
Tax-Free High Yield | 8,186,000 | 7,245,000 | 6,979,000 | ||
Tax-Free Income(a) | 8,083,000 | 7,926,000 | 7,315,000 | ||
Tax-Free Intermediate Bond | 668,000 | 626,000 | 616,000 | ||
Tax-Free Short-Intermediate | 2,202,000 | 2,411,000 | 2,462,000 | ||
Virginia Tax-Free Bond | 1,899,000 | 1,747,000 | 1,712,000 |
Fund | Fiscal Year Ended | ||||
---|---|---|---|---|---|
5/31/06 | 5/31/05 | 5/31/04 | |||
Corporate Income | $ 1,008,000 | $872,000 | $430,000 | ||
GNMA | 6,014,000 | 6,250,000 | 6,366,000 | ||
TRP Government Reserve Investment | (a) | (a) | (a) | High Yield(b) | 25,189,000 | 25,086,000 | 22,485,000 |
Inflation Protected Bond | 381,000 | 268,000 | 131,000 | ||
Institutional Core Plus | 132,000 | 33,000 | (c) | ||
Institutional High Yield | 1,941,000 | 3,135,000 | 3,407,000 | ||
New Income(d) | 16,131
,000 | 13,093,000 | 10,947,000 | ||
Personal Strategy Balanced | 6,785,000 | 5,564,000 | 4,412,000 | ||
Personal Strategy Growth | 4,033,000 | 3,079,000 | |||
Personal Strategy Income< br> | 2,218,000 | 1,717,000 | 1,390,000 | ||
Prime Reserve | 17,663,000 | 17,917,000 | 19,470,000 | ||
TRP Reserve Investment | (a) | (a) | (a) | ||
Retirement 2005 | (a) | (a) | (a) | ||
Retirement 2010 | (a) | (a) | (a) | ||
Retirement 2015 | (a) | (a) | (a) | ||
Retirement 2020 | (a) | (a) | (a) | ||
Retirement 2025 | (a) | (a) | (a) | ||
Retirement 2030 | (a) | (a) | (a) | ||
Retirement 2035 | (a) | (a) | (a) | ||
Retirement 2040 | <
font style="font-size:10.0pt;" face="Berkeley Book">(a) | (a) | (a) | ||
Retirement 2045 | ( | (a) | (c) | ||
Retirement Income | (a) | (a) | |||
Short-Term Bond(b) | 6,202,000 | 5,440,000 | |||
Short-Term Income td> | (c) | (c) | (c) | ||
U.S. Treasury Intermediate | 927,000 | 1,062,000 | 1,315,000 | ||
U.S. Treasury Long-Term | 816,000 | 855,000 | 951,000 | ||
U.S. Treasury Money | 2,730,000 | 2,927,000 | 3,339,000 |
Fund | Fiscal Year Ended | ||||
---|---|---|---|---|---|
10/31/05 | 10/31/04 | 10/31/03 | |||
Emerging Europe & Mediterranean | $4,431,000 | $888,000 | $321,000 | ||
Emerging Markets Stock | 9,850,000 | 5,239,000 | 2,173,000 | ||
European Stock | 6,666,000 | 6,802,000 | 5,720,000 | ||
Global Stock(a) | 617,000 | 523,000 | 448,000 | ||
Institutional Emerging Markets Equity(b) | 857,000 | 277,000 | 78,000 | ||
Institutional Foreign Equity | 3,507,000 | 6,645,000 | 8,097,000 | ||
International Discovery | 11,725,000 | 8,325,000 | 4,614,000 | ||
International Equity
Index(b) | 455,000 | 171,000 | 73,000 | ||
International Growth & Income(c) | 5,281,000 | 1,823,000 | 198,000 | ||
International Stock(c) | 33,990,000 | 33,994,000 | 30,300,000 | ||
Japan | 1,711,000 | 1,543,000 | 915,000 | ||
Latin America | 4,911,000 | 2,186,000 | 1,475,000 | ||
New Asia | 9,017,
000 | 7,214,000 | 4,974,000 | ||
Summit Cash Reserves(b) | 15,826,000 | 13,432,000 | 14,006,000 | ||
Summit GNMA(b) | 487,000 | 512,000 | 632,000 | ||
Summit Municipal Income(b) | 605,000 | 475,000 | 464,000 | ||
Summit Municipal Intermediate(b) | 966,000 | 730,000 | 565,000 | ||
Summit Municipal Money Market(b) | 2,621,000 | 1,975,000 | 1,320,000 | ||
U.S. Bond Index(b) | 455,000 | 311,000 | 271,000 |
Fund | Fiscal Year Ended | ||||
---|---|---|---|---|---|
12/31/05 | 12/31/04 | 12/31/03 | |||
Balanced | $11,137,000 | $10,021,000 | $7,983,000 | ||
Blue Chip Growth(a) | 52,428,000 | 46,135,000 | 36,657,000 | ||
Capital Appreciation(b) | 38,637,000 | 23,028,000 | 13,817,000 | ||
Capital Opportunity(a) | 596,000 | 492,000 | 431,000 | ||
Developing Technologies | 376,000 | 424,000 | 267,000 | ||
Diversified Mid-Cap Growth | 327,000 | 199,000 | (c) | ||
Diversified Small-Cap Growth | 537,000 | 517,000 | 402,000 | ||
Dividend Growth | 3,900,000 | 3,632,000 | 3,065,000 | ||
Emerging Markets Bond | 2,772,000 | 1,893,000 | 1,881,000 | ||
Equity Income(a) | 108,721,000 | 87,399,000 | 63,960,000 | ||
Equity Index 500 | 7,880,000 | 6,404,000 | 4,775,000 | ||
Extended Equity Market Index(d) | 856,000 | 546,000 | 351,000 | ||
Financial Services | 2,554,000 | 2,528,000 | 2,011,000 | ||
Global Technology | 793,000 | 652,000 | 512,000 | ||
Growth & Income | 9,955,000 | 10,824,000 | 10,016,000 | ||
Growth Stock(a) | 59,274,000 |
38,666,000 | 25,638,000 | ||
Health Sciences | 8,634,000 | 8,045,000 | 5,681,000 | ||
Institutional Concentrated Large-Cap Value | (c) | (c) | (c) | ||
Institutional Large-Cap Core Growth | 178,000 | 163,000 | 9,000 | ||
Institutional Large-Cap Growth |
581,000 | 196,000 | 52,000 | ||
Institutional Large-Cap Value | 592,000 | 294,000 | 56,000 | ||
Institutiona
l Mid-Cap Equity Growth | 2,518,000 | 2,231,000 | 1,835,000 | ||
Institutional Small-Cap Stock | 2,822,000 | 2,873,000 | 2,448,000 | ||
International Bond(b) | 11,938,000 | 9,624,000 | 8,050,000 | ||
Media & Telecommunications | 5,959,000 | 4,949,000 | 3,433,000 | ||
Mid-Cap Growth(a) | 91,962,000 | 75,642,000 | 50,889,000 | ||
Mid-Cap Value(a) | 37,633,000 | 22,005,000 | 8,500,000 | ||
New America Growth | 5,812,000 | 6,039,000 | 5,670,000 | ||
New Era | 16,831,000 | 9,378,000 | 5,957,000 | ||
New Horizons | 39,472,000 | 34,850,000 | 26,921,000 | ||
Real Estate(b) | <
/font>4,773,000 | 2,546,000 | 1,201,000 | ||
Science & Technology(b) | 26,486,000 | 30,509,000 | 27,233,000 | ||
Small-Cap Stock(b) | 52,878,000 | 44,236,000 | |||
Small-Cap Value(a) | 34,086,000 | 27,661,000 | 19,397,000 | ||
Spectrum Growth | (e) | (e) | (e) | ||
Spectrum Income | (e) | (e) | (e) | ||
Spectrum International | (e) | (e) | (e) | ||
Total Equity Market Index(d) | 1,448,000 | 1,276,000 | 912,000 | ||
Value(b) | 19,701,000 | 12,876,000 | 8,689,000 |
Fund | Limitation Period | Expense Ratio Limitation | Reimbursement Date |
---|---|---|---|
Blue Chip Growth FundAdvisor Class | January 1, 2004 April 30, 2006 | 1.05% | April 30, 2008(a) |
Blue Chip Growth FundR Class | May 1, 2004 April 30, 2006 | 1.35% | April 30, 2008(a) |
California Tax-Free Money(b) | July 1, 2005 June 30, 2007 | 0.55% | (c) |
Capital Appreciation FundAdvisor Class | January 1, 2005 April 30, 2007 | 1.10% | (c) |
Capital Opportunity(d) | October 1, 2005 April 30, 2008 | 0.95% | April 30, 2010(a) |
Capital Opportunity FundAdv
isor Class(e) | October 1, 2005 April 30, 2008 | 1.10% | April 30, 2010(a) |
Capital Opportunity FundR Class(f) | October 1, 2005 April 30, 2008 | April 30, 2010(a) | |
Corporate Income | June 1, 2003 September 30, 2005 | 0.80% | September 30, 2007(a) |
Developing Technologies(g) | May 1, 2005 April 30, 2007 | 1.50% | April 30, 2009(a) |
Diversified Mid-Cap Growth(h) | May 1, 2006 April 30, 2008 | 1.25% | (c) |
Diversified Small-Cap Growth(i) | May 1, 20
06 April 30, 2008 | 1.25% | April 30, 2010(a) |
Dividend Growth FundAdvisor Class | December 30, 2005 April 30, 2008 | 1.05% | April 30, 2010(a) |
Emerging Europe & Mediterranean(j) | March 1, 2005 February 28, 200
font>7 | 1.75% | February 28, 2009(a) |
Equity Income FundAdvisor Class | January 1, 2004 April 30, 2006 | 1.00% | (c) |
Equity Income FundR Class | May 1, 2004 April 30, 2006 | 1.30% | (c) |
Equity Index 500(k) | May 1, 2006 April 30, 2008 | 0.35% | April 30, 2010(a) |
Global Stock(l) | October 1, 2005 February 29, 2008 | 1.00% | February 28, 2010(a) |
Global Stock FundAdvisor Class | April 28, 2006 February 28, 2008 | 1.15% | February 28, 2010(a) |
Global Technology(m) | May 1, 2005 April 30, 2007 | 1.50% | April 30, 2009(a) |
G
rowth Stock FundAdvisor Class | January 1, 2004 April 30, 2006 | 1.10% | (c) |
Growth Stock FundR Class | May 1, 2004 April 30, 2006 | 1.35% | (c) |
Inflation Protected Bond(n) | October 1, 2006 September 30, 2008 | 0.50% | September 30, 2010(a) |
Institutional Concentrated Large-Cap Value | September 30, 2006 April 30, 2009 | 0.65% | (c) |
Institutional Global Equity | June 30, 2006 February 28, 2009 | 0.75% | (c) |
Institutional Large-Cap Core Growth(o) | May 1, 2005 April 30, 2007 | 0.65% | April 30, 2009(a) |
Institutional Large-Cap Growth(p) | August 31, 2005 April 30, 2007 | 0.58% | April 30, 2009(a) |
Institutional Large-Cap Value(q) | May 1, 2006 April 30, 2008 | 0.65% |
April 30, 2010(a) |
International Bond FundAdvisor Class | January 1, 2004 April 30, 2006 | (c) | |
International Growth & Income | November 1, 2002 February 28, 2005 | 1.25% | February 28, 2007 |
International Growth & Income FundAdvisor Class(r) | March 1, 2006 February 29, 2008 | 1.15% | February 28, 2010(a) |
International Growth & Income Fund R Class(s) | March 1, 2006 February 29, 2008 | 1.40% | February 28, 2010(a) |
International Stock FundAdvisor Class(t) | March 1, 2006 February 29, 2008 | 1.15% | (c) |
International Stock FundR Class(u) | March 1, 2006 February 29, 2008 | 1.40% | (c) |
Maryland Tax-Free Money(v) | July 1, 2005 June 30, 2007 | 0.55% | June 30, 2009(a) |
Mid-Cap Growth FundAdvisor Class | January 1, 2004 April 30, 2006 | 1.10% | Apr |
Mid-Cap Growth FundR Class | May 1, 2004 April 30, 2006 | 1.40% | April 30, 2008(a) |
Mid-Cap Value FundAdvisor Class | May 1, 2004 | 1.10% | April 30, 2008(a) |
Mid-Cap Value FundR Class | May 1, 2004 April 30, 2006 | 1.40% | April 30, 2008(a) |
New America Growth FundAdvisor Class | December 30, 2005 April 30, 2008 | 1.10% | (c) |
New Income FundAdvisor Class(w) | October 1, 2006 September 30, 2008 | 0.90% | (c) |
New Income FundR Class(x) | October 1, 2006 September 30, 2008 | 1.15% | (c) |
New York Tax-Free Money(y) | July 1, 2005 June 30, 2007 | 0.55% | (c) |
Personal Strategy Balanced(z) | October 1, 2006 September 30, 2008 | 0.90% | September 30, 2010(a) |
Personal Strategy Growth(aa) | October 1, 2006 September 30, 2008 | 1.00% | September 30, 20
10(a) |
Personal Strategy Income(bb) | October 1, 2006 September 30, 2008 | 0.80% | September 30, 2010(a) |
Real Estate | January 1, 2004 April 30, 2006 | 0.90% | April 30, 2008(a) |
Real Estate FundAdvisor Class | January 1, 2005 April 30, 2007 | 1.20% | April 30, 2009(a) |
Science & Technology FundAdvisor Class | January 1, 2004 April 30, 2006 | 1.15% | April 30, 2008(a) |
Short-Term Bond(cc) | October 1, 2006 September 30, 2007 | 0.55% | (c) |
Short-Term Bond FundAdvisor Class | January 1, 2005 September 30, 2007 | 0.85% | (c) |
Small-Cap Stock FundAdvisor Class | January 1, 2004 <
/font> April 30, 2006 | 1.20% | April 30, 2008(a) |
Small-Cap Value FundAdvisor Class | January 1, 2004
font> April 30, 2006 | 1.15% | April 30, 2008(a) |
Tax-Efficient Multi-Cap Growth(dd) | July 1, 2006 June 30, 2008 | 1.25% | June 30, 2010(a) |
Tax-Free Income FundAdvisor Class(ee) | July 1, 2006 June 30, 2008 | 0.90% | (c) |
Value FundAdvisor Class | January 1, 2004 April 30, 2006 | 1.10% | April 30, 2008(a) |
p><R>
Fund | Fiscal Year Ended | ||||
---|---|---|---|---|---|
2/28/06 | 2/28/05 | 2/29/04 | |||
California Tax-Free Bond | $64,000 | $64,000 | $64,000 | ||
California Tax-Free Money | 64,000 | 64,000 | 64,000 | ||
Florida Intermediate Tax-Free | 64,000 | 64,000 | |||
Georgia Tax-Free Bond | 64,000 | 64,000 | 64,000 | ||
Maryland Short-Term Tax-Free Bond | 64,000 | 64,000 | 64,000 | ||
Maryland Tax-Free Bond | 84,000 | 84,000 | 84,000 | ||
Maryland Tax-Free Money | 64,
000 | 64,000 | 64,000 | ||
New Jersey Tax-Free Bond | 64,000 | 64,000 | 64,000 | ||
New York Tax-Free Bond | 64,000 | 64,000 | 64,000 | ||
New York Tax-Free Money | 64,000 | 64,000 | 64,000 | ||
Tax-Efficient Balanced | 64,000 | 64,000 | 81,000 | ||
Tax-Efficient Growth | 64,000 | 64,000 | 64,000 | ||
Tax-Efficient Multi-Cap Growth | 64,000 | 64
,000 | 64,000 | ||
Tax-Exempt Money | 84,000 | 84,000 | 83,900 | ||
Tax-Free High Yield | 104,000 | 104,000 | 104,000 | ||
Tax-Free Income | 94,000 | 96,000 | 113,000 | ||
Tax-Free Income FundAdvisor Class | 18,000 | 17,000 | 0 | ||
Tax-Free Intermediate Bond | 64,000 | 64,000 | 64,000 | ||
Tax-Free Short-Intermediate | 64,000 | 64,000 | 64,000 | ||
Virginia Tax-Free Bond | 64,000 | 64,000 | 64,000 |
Fund | Fiscal Year Ended | ||||
---|---|---|---|---|---|
5/31/06 | 5/31/05 | 5/31/04 | |||
Corporate Income | $104,000 | $104,000 | $104,000 | ||
GNMA | 104,000 | 104,000 | 104,000 | ||
TRP Government Reserve Investment | 64,000 | 64,000 | 64,000 | ||
High Yield | 105,000 |
font>109,000 | 111,000 | ||
High Yield FundAdvisor Class | 28,000 | 24,000 | 22,000 | ||
Inflation Protected Bond | 84,000 < /td> | 84,000 | 96,000 | ||
Institutional Core Plus | 84,
000 | 42,000 | (a) | ||
Institutional High Yield | 124,000 | 124,000 | 112,000 | ||
New Income | 145,000 | 144,000 | 144,000 | ||
New Income FundAdvisor Class | (b) | (b) | (b) | ||
New Income FundR Class | (b) | (b) | |||
Personal Strategy Balanced |
125,000 | 125,000 | 114,000 | ||
Personal Strategy Growth | 125,000 | 125,000 | 113,000 | ||
Personal Strategy Income | 124,000 | 124,000 | 113,000 | ||
Prime Reserve | 84,000 | 84,000 | 84,000 | ||
TRP Reserve Investment |
84,000 | 84,000 | 84,000 | ||
Retirement 2005 | (c) | (c) | (c) | ||
Retirement 2010 | (c) | (c) | (c) | ||
Retirement 2010 FundAdvisor Class | (c) | (c) | (c) | ||
Retirement 2010 FundR Class | (c) | (c) | (c) | ||
Retirement 2015 | (c) | (c) | (c) | ||
Retirement 2020 | (c) | (c) | (c) | ||
Retirement 2020 FundAdvisor Class | (c) | (c) | (c) | ||
Retirement 2020 FundR Class | (c) | (c) | (c) | ||
Retirement 2025 | (c) | (c) | (c) | ||
Retirement 2030 | (c) | (c) | (c) | ||
Retirement 2030 FundAdvisor Class | (c) | (c) | (c) | ||
Retirement 2030 FundR Class | (c) | (c) | (c) | ||
Retirement 2035 | (c) | (c) | (c) | ||
Re
tirement 2040 | (c) | (c) | (c) | ||
Retirement 2040 FundAdvisor Class | (c) | (c) | (c) | ||
Retirement 2040 FundR Class | (c) | (c) | (c)<
/font> | ||
Retirement 2045 | (c) | (c) | (a) | ||
Retirement Income | (c) | (c) | (c) | ||
Short-Term Bond | 112,000 | 96,000 | <
/font>84,000 | ||
Short-Term Bond FundAdvisor Class | (b) | (b) | <
font style="font-size:10.0pt;" face="Berkeley Book">(a) | ||
Short-Term Income | (a) | (a) | <
font style="font-size:10.0pt;" face="Berkeley Book">(a) | ||
U.S. Treasury Intermediate | 64,000 | 64,000 | 64,000 | ||
U.S. Treasury Long-Term | 64,000 | 64,000 | 64,000 | ||
U.S. Treasury Money | 64,000 | 64,000 | 64,000 |
Fund | Fiscal Year Ended | ||||
---|---|---|---|---|---|
10/31/05 | 10/31/04 | 10/31/03 | |||
Emerging Europe & Mediterranean | $85,000 | $84,000 | $87,000 | ||
Emerging Markets Stock | 86,000 | 85,000 | 88,000 | ||
European Stock | 87,000 | 91,000 | 107,000 | ||
Global Stock | 84,000 | 84,000 |
87,000 | ||
Global Stock FundAdvisor Class | (a) | (a) | (a) | ||
Institutional Emerging Markets Equity | 84,000 | 84,000 | 84,000 | ||
Institutional Foreign Equity | 105,000 | 107,000 | 108,000 | ||
Institutional Global Equity | (a) | (a) |
(a) | ||
International Discovery | 88,000 | 90,000 | 106,000 | ||
International Equity Index | 104,000 | 104,000 | 107,000 | ||
International Growth & Income | 90,000 | 94,000 | 108,000 | ||
International Growth & Income FundAdvisor Class | 14,000 | 6,000
| (b) | ||
International Growth & Income Fund R Class | (b) | 2,000 | (b) | ||
International Stock | 136,000 | 138,000 | 144,000 | ||
International Stock FundAdvisor Class | (b) | (b) | (b) | ||
International Stock FundR Class | (b) | (b) | |||
Japan | 65,000 | 65,000 | 68,000 | ||
Latin America | 64,000 | 68,000 | 88,000 | ||
New Asia | 87,000 | 88,000 | 90,000 | ||
Summit Cash Reserves | 84,000 | 84,000 | 81,000 | ||
Summit GNMA | 84,000 | 84,000 | 81,000 | ||
Summit Municipal Income | 64,000 | 64,000 | 64,000 | ||
Summit Municipal Intermediate | 64,000 | 64,000 | 64,000 | ||
Summit Municipal Money Market | 84,000 | 81,000 | |||
U.S. Bond Index | 81,000 | 67,000 |
font>84,000 |
Fund | Fiscal Year Ended | ||||
---|---|---|---|---|---|
12/31/05 | 12/31/04 | 12/31/03 | |||
Balanced | $107,000 | $107,000 | $107,000 | ||
Blue Chip Growth | 71,000 | 73,000 | 73,000 | ||
Blue Chip Growth FundAdvisor Class | 11,000 | 9,000 | 9,000 | ||
Blue Chip Growth FundR Class | (a) | (a) | (a) | ||
Capital Appreciation | 93,000 | 84,000 | 84,000 | ||
Capital Appreciation FundAdvisor Class | (a) | (b) | (b) | ||
Capital Opportunity | 102,000 | 84,000 | 84,000 | ||
Capital Opportunity FundAdvisor Class | (a) | (b) | (b) |
tr>||
Capital Opportunity FundR Class | (a) | (b) | (b) | ||
Developing Technologies | 64,000 | 64,000 | 64,000 | ||
Diversified Mid-Cap Growth | 64,000 | 64,000 | (b)
| ||
Diversified Small-Cap Growth | 64,000 | 64,000 | 64,000 | ||
Dividend Growth | 64,000 | 64,000 | 64,000 | ||
Dividend Growth FundAdvisor Class | (b) | (b) | (b) | ||
Emerging Markets Bond | 126,000 | 125,000 | 105,000 | ||
Equity Income | 72,000 | 72,000 | 73,000 | ||
Equity Income FundAdvisor Class | 10,000 | 10,000 | 8,000 | ||
Equity Income FundR Class | (a) | (a) | (a) | ||
Equity Index 500 | 105,000 | 105,000 | 104,000 | ||
Extended Equity Market Index | 104,000 | 104,000 | 104,000 | ||
Financial Services | 64,000 | 64,000 | 64,000
| ||
Global Technology | 84,000 | 84,000 | 84,000 | ||
Growth & Income | 64,000 | 64,000 | 64,000 | ||
Growth Stock | 92,000 | 98,000 | 101,000 | ||
Grow
th Stock FundAdvisor Class | 8,000 | 3,000 | (a) | ||
Growth Stock FundR Class | 2,000 | (a) | (a) | ||
Health Sciences | 104,000 | 104,000 | 104,000 | ||
Institutional Concentrated Large-Cap Value | (b) | (b) | (b) | ||
Institutional Large-Cap Core Growth | 64,000 | 64,000 | 16,000 | ||
Institutional Large-Cap Growth | 64,000 | 64,000 | <
/font>64,000 | ||
Institutional Large-Cap Value | 64,000 | 64,000 | 64,000 | ||
Institutional Mid-Cap Equity Growth | 64,000 | 64,000 | 64,000 | ||
Institutional Small-Cap Stock | 64,000 | 64,000 | 64,000 | ||
International Bond | 126,000 | 128,000 | 111,000 | ||
International Bond FundAdvisor Class | 7,000 | 5,000 | 2,000 | ||
Media & Telecommunications | 64,000 | 64,000 | 84,000 | ||
Mid-Cap Growth | 78,000 | 79,000 | |||
Mid-Cap Growth FundAdvisor Class | 3,000 | 2,000 | 1,000 | ||
Mid-Cap Growth FundR Class | (a) | (a) | (a) | ||
Mid-Cap Value | 73,000 | 76,000 | 79,000 | ||
Mid-Cap Value FundAdvisor Class | 5,000 |
4,000 | (a) | ||
Mid-Cap Value Fund R Class | 4,000 | 2,000 | (a) | ||
New America Growth | 64,000 |
64,000 | 64,000 | ||
New America Growth FundAdvisor Class | (b) | (b) | (b) | ||
New Era | 64,000 | 64,000 | 64,000 | ||
New Horizons | 84,000 | 84,000 | 84,000 | ||
Real Estate | 73,000 | 64,000 | 64,000 | ||
Real Estate FundAdvisor Class | (a) | (b) | (b) | ||
Science & Technology | 81,000 | 81,000 | 82,000 | ||
Science & Technology FundAdvisor Class | 12,000 | 12,000 | 11,000 | ||
Small-Cap Stock | 68,000 | 68,000 | 69,000 | ||
Small-Cap Stock FundAdvisor Class | 5,000 | 5,000 | 4,000 | ||
Small-Cap Value | 81,000 | 84,000 | 86,000 | ||
Small-Cap Value FundAdvisor Class | 12,000 | 9,000 | 7,000 | ||
Spectrum Growth | (c) | (c) | (c) | ||
Spectrum Income | (c) | (c) | (c) | ||
Spectrum International | (c) | (c) | (c) | ||
Total Equity Market Index | 104,000 | 104,000 | 104,000 | ||
Value | 69,000 | 69,000 | 71,000 | ||
Value FundAdvisor Class | 4,000 | 4,000 | 3,000 |
Fund | Payment |
---|---|
Balanced | $250,062 |
Blue Chip Growth | 1,153,145 |
Capital Appreciation | 437,644 |
California Tax-Free Bond | 893 |
California Tax-Free Money | 8 |
Capital Opportunity | 2,022 |
Corporate Income | 512 |
Developing Technologies | 68 |
Diversified Mid-Cap Growth | 84 |
Diversified Small-Cap Growth | 149 |
Dividend Growth | 18,446 |
Emerging Europe & Mediterranean | 6,943 |
Emerging Markets Bond | 2,892 |
Emerging Markets Stock | 163,314 |
Equity Income | 1,615,806 |
Equity Index 500 | 12,768 |
European Stock | 22,069 |
Extended Equity Market Index | 0 |
Financial Services | 18,438 |
Florida Intermediate Tax-Free | 344 |
Georgia Tax-Free Bond | 769 |
GNMA | 11,415 |
TRP Government Reserve Investment | 0 |
Global Stock | 1,601 |
Global Technology | 649 |
Growth & Income | 20,155
|
Growth Stock | 1,353,575 |
Health Sciences | 314,452 |
High Yield
| 201,452 |
Inflation Protected Bond | 203 |
Institutional Concentrated Large-Cap Value | (a) |
Institutional Emerging Markets Equity | 0 |
Institutional Foreign Equity | 0 |
Institutional Global Equity | (a) |
Institutional High Yield | 0 |
Institutional Large-Cap Core Growth | 0 |
Institutional Large-Cap Growth | 0 |
Institutional Large-Cap Value | 0 |
Institutional Mid-Cap Equity Growth | 0 |
Institutional Sm
all-Cap Stock | 0 |
International Bond | 193,865 |
International Discovery | 210,821 |
International Equity Index | 0 |
International Growth & Income | 683
|
International Stock | 457,678 |
Japan | 3,327 |
Latin Amer
ica | 91,303 |
Maryland Short-Term Tax-Free Bond | 2,737 |
Maryland Tax-Free Bond | 21,659 |
Maryland Tax-Free Money | 0 |
Media & Telecommunications | 19,
378 |
Mid-Cap Growth | 3,924,544 |
Mid-Cap Value | 828,826 |
New America Growth | 88,102 |
New Asia | 64,810 |
New Era | |
New Horizons | 476,284 |
New Income | 37,106 |
New Jersey Tax-Free Bond | 427 |
New York Tax-Free Bond | 1,287 |
New York Tax-Free Money | 99 |
Personal Strategy Balanced | 188,677 |
Personal Strategy Growth | |
Personal Strategy Income | 41,136 |
Prime Reserve | 32,334 |
Real Estate | 43,772 |
TRP Reserve Investment | 0 |
Retirement 2005 | (b) |
Retirement 2010 | (b) |
Retirement 2015 | (b) |
Retirement 2020 | (b) |
Retirement 2025 | (b) |
Retirement 2030 | (b) |
Retirement 2035 | (b) |
Retirement 2040 | (b) |
Retirement 2045 | (b) |
Retirement Income | (b) |
Science & Technology | 225,900 |
Short-Term Bond | 19,199 |
Short-Term Income | (a) |
Small-Cap Stock | 2,130,058 |
Small-Cap Value | 648,229 |
Spectrum Growth | (b) |
Spectrum Income | (b) |
Spectrum International | (b) |
Summit Cash Reserves | 0 |
Summit GNMA | 0 |
Summit Municipal Money Market | 0 |
Summit Municipal Intermediate | 1,467 |
Summit Municipal Income | 193 |
Tax-Efficient Balanced |
150 |
Tax-Efficient Growth | 0 |
Tax-Efficient Multi-Cap Growth | 180 |
Tax-Exempt Money | 377 |
Tax-Free High Yield | 9,016 |
Tax-Free Income | 10,408 |
Tax-Free Intermediate Bond | 10,490 |
Tax-Free Short-Intermediate | 7,557 |
Total Equity Market Index | 0 |
U.S. Bond Index | 0 |
U.S. Treasury Intermediate | 9,723 |
U.S. Treasury Long-Term | 417 |
U.S. Treasury Money | 29,467 |
Value | 288,776 |
Virginia Tax-Free Bond | 6,515 |
Fund | Payment |
---|---|
Blue Chip Growth FundAdvisor Class | $996,759 |
Blue Chip Growth FundR Class | 20,647 |
Capital Appreciation FundAdvisor Class | 5,532 |
Capital Opportunity FundAdvisor Class | 0 |
Capital Opportunity FundR Class | 0 |
Dividend Growth FundAdvisor Class | (a) |
Equity Income FundAdvisor Class | 1,771,8
09 |
Equity Income FundR Class | 107,746 |
Global Stock FundAdvisor Class | (a) |
Growth Stock FundAdvisor Class | 591,701 |
Growth Stock FundR Class | 213,284 |
High Yield FundAdvisor Class | 601,030 |
International Bond FundAdvisor Class | 32,647 |
International Growth & Income FundAdvisor Class | 130,143 |
International Growth & Income Fund R Class | 5,132 |
International Stock FundAdvisor Class | 2,177 |
International Stock FundR Class | 624 |
Mid-Cap Growth FundAdvisor Class | 330,735 |
Mid-Cap Growth FundR Class | 142,764 |
Mid-Cap Value FundAdvisor Class | 278,340 |
Mid-Cap Value FundR Class | 231,728 |
New America Growth FundAdvisor Class | (a) |
New Income FundAdvisor Class | 98 |
New Income FundR Class | 649 |
Real Estate FundAdvisor Class | 1,483 |
Retirement 2010 FundAdvisor Class | 27,004 |
Retirement 2010 FundR Class | 23,615 |
Retirement 2020 FundAdvisor Class | 27,129 |
Retirement 2020 FundR Class | 19,171 |
Retirement 2030 FundAdvisor Class | 16,329 |
Retirement 2030 FundR Class | 15,678 |
Retirement 2040 FundAdvisor Class | 7,679 |
Retirement 2040 Fund<
/font>R Class | 6,372 |
Retirement Income FundAdvisor Class | 3,112 |
Retirement Income FundR Class | 582 |
Science & Technology FundAdvisor Class | 488,336 |
Short-Term Bond FundAdvisor Class | 4,527 |
Small-Cap Stock FundAdvisor Class | 368,272 |
Small-Cap Value FundAdvisor Class | 577,366 |
Tax-Free Income FundAdvisor Class | 234,447 |
Value FundAdvisor Class | 129,851 |
Fund | Fiscal Year Ended 2/28/06 |
---|---|
Tax-Free Income Fu
ndAdvisor Class | $720,000 |
Fund | Fiscal Year Ended 5/31/06 |
---|---|
High Yield FundAdvisor Class | $2,167,000 |
New Income FundAdvisor Class | 8,000 |
New Income FundR Class | 11,000 |
Retirement 2010 FundAdvisor Class | 133,000 |
Retirement 2010 FundR Class | 275,000 |
Retirement 2020 FundAdvisor Class | 160,000 |
Retirement 2020 FundR Class | 229,000 |
Retirement 2030 FundAdvisor Class | 102,000 |
Retirement 2030 FundR Class | 182,000 |
Retirement 2040 FundAdvisor Class | 47,000 |
Retirement 2040 FundR Class | 65,000 |
Retirement Income FundAdvisor Class | 22,000 |
Retirement Income FundR Class | 18,000 |
Short-Term Bond FundAdvisor Class | 23,000 |
Fund | Fiscal Year Ended 10/31/05 |
---|---|
Global Stock FundAdvisor Class | (a) td> |
International Growth & Income FundAdvisor Class | $290,000 |
International Growth & Income Fund R Class | 25,000 |
International Stock FundAdvisor Class | 93,000 |
International Stock FundR Class | 10,000 |
Fund | Fiscal Year Ended 12/31/05 |
---|---|
Blue Chip Growth FundAdvisor Class | $2,813,000 |
Blue Chip Growth FundR Class | 153,000 |
Capital Appreciation Fu
ndAdvisor Class | 19,000 |
Capital Opportunity FundAdvisor Class | 1,000 |
Capital Opportunity FundR Class | 1,000 |
Dividend Growth FundAdvisor Class | (a) |
Equity Income FundAdvisor Class | 5,893,000 |
Equity Income FundR Class | 620,000 |
Growth Stock FundAdvisor Class | 2,137,000 |
Growth Stock FundR Class | 1,214,000 |
International Bond FundAdvisor Class | 230,000 |
Mid-Cap Growth FundAdvisor Class | 1,111,000 |
Mid-Cap Growth FundR Class | 807,000 |
Mid-Cap Value FundAdvisor Class | 920,000 |
Mid-Cap Value FundR Class | 1,301,000 |
New America Growth FundAdvisor Class | (a) |
Real Estate FundAdvisor Class | 9,000 |
Science & Technology FundAdvisor Class | 1,333,000 |
Small-Cap Stock FundAdvisor Class | 1,186,000 |
Small-Cap Value FundAdvisor Class | 1,603,000 |
Value FundAdvisor Class | 436,000 |
< /p>
Fund | Fiscal Year Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2/28/06 | % | 2/28/05 | % | 2/29/04 |
% | ||||||
California Tax-Free Bond | $278,000 | (a) | $247,000 | (a) | $150,000 | (a) | |||||
California Tax-Free Money | 3,000 | (a) | 1,000 | (a) | 1,000 | (a) | |||||
Florida Intermediate Tax-Free | 14,000 | (a) | 8,000 | (a) | 17,000 | (a) | |||||
Georgia Tax-Free Bond | 69,000 | (a) | 98,000 | (a) | 39,000 | (a) | |||||
Maryland Short-Term Tax-Free Bond | 17,000 | (a) | 27,000 | (a) | 112,000 | (a) | |||||
Maryland Tax-Free Bond | 417,000 | (a) | 362,000 | (a) | 584,000 | (a) | |||||
Maryland Tax-Free Money | 5,000 | (a) | 1,000 | (a) | 0 | (a) | |||||
New Jersey Tax-Free Bond | 140,000 | (a) | 118,000 | (a) | 67,000 | (a) | |||||
New York Tax-Free Bond | 247,000 | (a) | 215,000 | (a) | 176,000 | (a) | |||||
New York Tax-Free Money | 1,000 | (a) | 0 | (a) | 0 | (a) | |||||
Tax-Efficient Balanced | 12,000 | 2.50 | 1,000 | 0.0 |
font>1,000 | 0.0 | |||||
Tax-Efficient Growth | 9,000 | 2.50 | 10,000 | 0.20 | 10,000 | ||||||
Tax-Efficient Multi-Cap Growth | 8,000 | 8.44 | 5,000 | 3.01 | 5,000 | 0.0 | |||||
Tax-Exempt Money | 7,000 | (a) | 6,000 | (a) | 0 | (a) | |||||
Tax-Free High Yield | 1,552,000 | (a) | 842,000 | (a) | 1,003,000 td> | (a) | |||||
Tax-Free Income | 1,271,000 | (a) | 1,222,000 | (a) | 1,007,000 | (a) | |||||
Tax-Free Intermediate Bond | 101,000 | (a) | 76,000 | (a) | 80,000 | (a) | |||||
Tax-Free Short-Intermediate | 79,000 | (a) | 155,000 | (a) | 188,000 | (a) | |||||
Virginia Tax-Free Bond | 277,000 | (a) | 205,000 | (a) | 212,000 | (a) |
Fund | Fiscal Year Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
5/31/06 | % | 5/31/05 | % | 5/31/04 | % | ||||||
Corpor
ate Income | $193,000 | 92.5 | $204,000 | 82.1 | $109,000 | 87.4 | |||||
GNMA | 5,000 | (a) | 16,000 | (a) | 24,000 | (a) | |||||
TRP Government Reserve Investment | (b) | (b) | (b) | (b) | (b) | (b) | |||||
High Yield | 15,965,000 | 76.4 | 17,817,000 | 90.4 | 7,754,000 | 87.6 | |||||
Inflation Protected Bond | 1,000 | (a) | 1,000 | (a) | 1,600 | (a) | |||||
Institutional Core Plus | 13,000 | 83.1 | 6,000 | 97.7 | (c) | (c) < /td> | |||||
Institutional High Yield | 1,473,000 | 80.8 | <
/font>2,613,000 | (a) | 2,018,000 | (a) | |||||
New Income | 2,952,000 | 87.6 | 1,034,000 | 94.2 | 896,000 | 91.2 | |||||
Personal Strategy Balanced td> | 556,000 | 25.2 | 529,000 | 30.4 | 461,000 | 28.1 | |||||
Personal Strategy Growth | 461,000 | 28.9 | 397,000 | 31.4 | 315,000 | 31.8 | |||||
Personal Strategy Income | 182,000 | 21.1 | 164,000 | 23.8 | 145,000 | 25.7 | |||||
Prime Reserve | (b) | (b) | (b) | (b) | (b) | (b) | |||||
TRP Reserve Investment | (b) | (b) | (b) | (b) | (b) | <
/font>(b) | |||||
Retirement 2005 | (b) | (b) | (b) | (b) | (b) | (b) | |||||
Retirement 2010 | (b) | (b) | (b) | (b) | (b) | (b) | |||||
Retirement 2015 | (b) | <
font style="font-size:10.0pt;" face="Berkeley Book">(b) | (b) | (b) | (b) | (b) | |||||
Retirement 2020 | (b) | (b) | (b) | (b) | (b) | (b) | |||||
Retirement 2025 | (b) | (b) | (b) | (b) | (b) | ||||||
Retirement 2030 | (b) | (b) | (b) | (b) | (b) | <
/font>(b) | |||||
Retirement 2035 | (b) | (b) | (b) | (b) | (b) | (b) | |||||
Retirement 2040 | (b) | (b) | (b) | (b) | (b) | (b) | |||||
Retirement 2045 | (b) | (
b) | (b) | (b) | (b) | (b) | |||||
Retirement Income | (b) | (b) | (b) | (b) | (b) | (b) | |||||
Short-Term Bond | 341,000 | (a) | 465,000 | (a) | 660,000 | (a) | |||||
Short-Term Income | (c) | (c) | (c) | (c) | (c) | (c) | |||||
U.S. Treasu
ry Intermediate | 1,000 | (a) | 2,000 |
(a) | 7,000 | (a) | |||||
U.S. Treasury Long-Term | 4,000 | (a) | 2,000 | (a) | 12,000 | (a) | |||||
U.S. Treasury Money | (b) | (b) | (b) | (b) | (b) | (b) |
Fund | Fiscal Year Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
10/31/05 | % | 10/31/04 | % | 10/31/03 | % | ||||||
Emerging Europe & Mediterranean | $2,100,000 | 5.8 | $515,000 | 16.6 | $159,000 | 32.9 | |||||
Emerging Markets Stock | 3,173,000 | 7.5 | 2,398,000 | 10.9 | 1,052,000 | 33.2 | |||||
European Stock | 1,289,000 | 1.4 | 810,000 | 1.2 | 724,000 | 33.0 | |||||
Global Stock | 511,000 | 21.3 | 142,000 | 18.6 | 82,000 | 40.2 | |||||
Institutional Emerging Markets Equity | 330,000 | 6.0 | 135,000 | 10.0 | 61,000 | 43.0 | |||||
Institutional Foreign Equity | 1,476,000 | 3.2 | 1,433,000 | 3.5 | 1,720,000 | 30.5 | |||||
Institutional Global Equity | (a) | (a) | (a) | (a) | (a) | (a) | |||||
International Discovery | 3,883,000 | 0.5 | 3,282,000 | 0.2 | 2,165,000 | 28.0 | |||||
International Equity Index | 94,000 | 1.2 | 39,000 | 4.4 | 11,000 | 0.1 | |||||
International Growth & Income | 580,000 |
8.0 | 327,000 | 4.5 | 77,000 | 2.0 | |||||
International Stock | 12,633,000 | 1.9 | 5,872,000 | 3.5 | 5,961,000 | 38.8 | |||||
Japan | 1,033,000 | 0.0 | 1,161,000 | 0.0 | 838,000 | 32.3 | |||||
Latin America | 1,194,000 | 60.7 | 452,000 | 54.0 | 267,000 | 67.8 | |||||
New Asia | 4,219,000 | 0.0 |
3,996,000 | 0.0 | 2,510,000 | 36.2 | |||||
Summit Cash Reserves | 0 | (b) | 0 | (b) | 0 | (b) | |||||
Summit GNMA | 2,000 | (b) | 2,000 | (b) | 2,000 | (b) | |||||
Summit Municipal Income | 244,000 | (b) | 105,000 | (b) | 119,000 | (b) | |||||
Summit Municipal Intermediate | 103,000 | (b) | 70,000 | (b) | 49,000 | (b) | |||||
Summit Municipal Money Market | 9,000 | (b) | 0 | (b) | 0 | (b) | |||||
U.S. Bond Index | 34,000 | (b) | 7,000 | (b) | 15,000 | (b) |
Fund | Fiscal Year Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
12/31/05 | % | 12/31/04 | % | 12/31/03 | % | ||||||
Balanced | $574,000 | $408,000 | 32.4 | $604,000 | 19.3 | ||||||
Blue Chip Growth | 6,645,000 | 56.5 | 6,809,000 | 55.6 | 6,285,000 | 72.7 | |||||
Capital Appreciation | 5,854,000 | 22.0 | 4,458,000 | 25.1 | 2,442,000 | 19.4 | |||||
Capital Opportunity | 148,000 | 38.4 | 115,000 | 50.9 | 63.9 | ||||||
Developing Technologies | 161,000 | 53.7 | 179,000 | 43.9 | 146,000 |
39.4 | |||||
Diversified Mid-Cap Growth | 50,000 | 25.0 | 25,000 | 11.5 | (a) | (a) | |||||
Diversified Small-Cap Growth | 174,000 | 49.8 | 68,000 | 43.4 | 51,000 | 32.8 | |||||
Dividend Growth | 2,923,000 | 65.3 | 353,000 | 59.6 | <
/font>355,000 | 66.3 | |||||
Emerging Markets Bond | 3,000 | (b) | 0 | (b) | 0 | (b) | |||||
Equity Income | 6,388,000 | 54.9 | 10,109,000 | 52.7 | 7,017,000 | 44.0 | |||||
Equity Index 500 | 299,000 | 0.4 | 301,000 | 1.8 | 239,000 | 1.3 | |||||
Extended Equity Market Index |
346,000 | 20.9 | 37,000 | 2.4 | 28,000 | 1.9 | |||||
Financial Services | 601,000 |
27.8 | 555,000 | 28.3 | 620,000 | 50.7 | |||||
Global Technology | 1,154,000 | 40.3 | 525,000 | 22.1 | 464,000 | 36.3 | |||||
Growth & Inc
ome | 4,836,000 | 43.0 | 2,556,000 | 2,416,000 | 60.4 | ||||||
Growth Stock | 11,037,
000 | 38.3 | 9,889,000 | 30.8 | 6,388,000 | 37.9 | |||||
Health Sciences | 2,694,000 | 57.1
| 4,142,000 | 61.5 | 2,779,000 | 74.9 | |||||
Institutional Concentrated Large-Cap Value | (a) | (a) | (a) | (a) | (a) | (a) | |||||
Institutional Large-Cap Core Growth | 36,000 | 55.9 | 9,000 | 56.0 | (c) | 30.0 | |||||
Institutional Large-Cap Gro
wth | 120,000 | 41.2 | 70,000 | 49.8 | 22,000 | 53.5 | |||||
Institutional Large-Cap Value | 140,000 | 45.1 | 25,000 | 39.5 | 18,000 | 24.7 | |||||
Institutional Mid-Cap Equity Growth | 510,000 | 30.5 | 686,000 | 29.8 | 604,000 | 47.3 | |||||
Institutional Small-Cap Stock | 458,000 | 19.4 | 727,000 | 24.0 | 467,000 | 45.2 | |||||
International Bond | 62,000 | (b) | 0 | (b) | 0 | (b) | |||||
Media & Telecommunications | 2,511,000 | 3,551,000 | 23.7 | 2,882,000 | 39.0 | ||||||
Mid-Cap Growth | 14,723,000 | 32.6 | 19,755,000 | 32.0 | 14,169,000 | 45.3 | |||||
Mid-Cap Value | 11,861,000 | 50.9 | 13,392,000(e) | 56.6 | 4,260,000(e) | 62.0 | |||||
New America Growth | 1,179,000 | 54.1 | 1,600,000 | 49.2 | 1,599,000 | 64.3 | |||||
New Era | 4,065,000 | 47.7 | 1,947,000 | 34.3 | 921,000 | 52.6 | |||||
New Horizons | 10,919,000 | 29.7 | 13,361,000 | 27.3 | 9,939,000 | 36.5 | |||||
Real Estate | 669,000 | 39.1 | 495,000 | 43.1 | 312,000 | 43.5 | |||||
Science & Technology | 8,350,000 | 33.1 | 9,402,000 | 23.9 | 7,358,000 | 32.9 | |||||
Small-Cap Stock | 6,415,000 | 34.3 | 8,904,000 | 26.1 | 5,140,000 | 45.4 | |||||
Small-Cap Value | 3,933,000 | 43.7 | 5,760,000(e) | 28.5 | 2,3
25,000(e) | 50.7 | |||||
Spectrum Growth | (d) | (d) | (d) | (d) | (d) | (d) | |||||
Spectrum Income | (d) | (d) | (d) | (d) | (d) | (d) | |||||
Spectrum International < /td> | (d) | (d) | (d) | (d) | (d) | (d) | |||||
Total Equity Market Index | 26,000 | 1.7 | 39,000 | 5.19 | 44,000 | 0.84 | |||||
Value | 2,745,000 | 40.3 | 2,267,000 | 38.1 | 1,574,000 | 38.4 |
Fiscal Year Ended 2/28/06 | ||||||
---|---|---|---|---|---|---|
Fund | Broker | Value of Stock Holdings | Value of Bond Holdings | |||
Tax-Efficient Balanced | ||||||
Citigroup | $213,000 | | ||||
Goldman Sachs | 71,000 | | ||||
Tax-Efficient Growth | ||||||
Citigroup | $774,000 | | ||||
Goldman Sachs | 283,000 | | ||||
Tax-Efficient Multi-Cap Growth | ||||||
Legg Mason | $176,000 | | ||||
Lehman Brothers | 111,000 | | ||||
Tax-Exe
mpt Money | ||||||
Banc of America Securities | | $2,652,000 |
Fiscal Year Ended 5/31/06 | ||||||
---|---|---|---|---|---|---|
Fund | Broker | Va lue of Stock Holdings | Value of Bond Holdings | |||
Corporate Income | ||||||
Bank of America | $260,000 | $1,307,000 | ||||
BB&T | 185,000 | 707,000 | ||||
Citigroup | 175,000 | | ||||
Goldman Sachs | | 2,431,000 | ||||
JPMorgan Chase | 209,000 | 1,572,000 | ||||
Merrill Lynch | | 997,000 | ||||
UBS | | 895,000 | ||||
TRP Government Reserve Investment | ||||||
Credit Suisse First Boston | | $230,000,000 | ||||
Deutsche Bank | | 250,000,000 | ||||
Goldman Sachs | | 4,198,000 | ||||
Merrill Lynch | | 245,000,000 | ||||
UBS | | 150,000,000 | ||||
Institutional Core Plus | ||||||
Bank of America | | $406,000 | ||||
Citigroup | | 529,000 | ||||
Credit Suisse First Boston | | 145,000 | ||||
Goldman Sachs | | 61,000 | ||||
JPMorgan Chase | | 506,000 | ||||
Lehman Brothers | | 77,000 | ||||
Merrill Lynch | | 99,000 | ||||
Morgan Stanley | | 90,000 | ||||
Wachovia | | 26,000 | ||||
New Income | ||||||
Bank of America | | $86,014,000 | ||||
BB&T | | 7,695,000 | ||||
Bear Stearns | | 81,923,000 | ||||
Citigroup | | 32,704,000 | ||||
Goldman Sachs | | 7,381,000 | ||||
Greenwich | | 10,296,000 | ||||
JPMorgan Chase | | 57,454,000 | ||||
Lehman Brothers | | 6,679,000 | ||||
Merrill Lynch | | 9,972,000 | ||||
Morgan Stanley | | 15,493,000 | ||||
Wachovia | | 9,726,000 | ||||
Washington Mutual | | 3,138,000 | ||||
Personal Strategy Balanced | ||||||
Bank of America | $3,078,000 | $6,900,000 | ||||
Barclays | 2,038,000 | | ||||
Citigroup | 8,148,000 | 4,203,000 | ||||
Goldman Sachs | 4,664,000 | 1,367,000 | ||||
Greenwich | | 857,000 | ||||
JPMorgan Chase | 4,531,000 | 5,804,000 | ||||
Lehman Brothers | | 504,000 | ||||
Merrill Lynch | 4,801,000 | 399,000 | ||||
Morgan Stanley | 1,115,000 | 520,000 | ||||
UBS | 6,414,000 | 5,218,000 | ||||
Personal Strategy
Growth | ||||||
Bank of America | $3,098,000 | $2,413,000 | ||||
Barclays | 2,013,000 | | ||||
Bear Stearns | | 2,029,000 | ||||
Citigroup | 8,061,000 | 1,414,000 | ||||
Goldman Sachs | 4,649,000 | 318,000 | ||||
Greenwich | | 245,000 | ||||
JPMorgan Chase | 4,559,000 | 1,996,000 | ||||
Lehman Brothers | | 163,000 | ||||
Merrill Lynch | 4,569,000 | 284,000 | ||||
Morgan Stanley | 1,085,000 | 185,000 | ||||
UBS | 6,322,000 | 1,690,000 | ||||
Personal Strategy Income | ||||||
Bank of America | $866,000 | $3,685,000 | ||||
Barclays | 599,000 | | ||||
Bear Stearns | | 2,184,000 | ||||
Citigroup | 2,331,000 | 2,078,000 | ||||
Goldman Sachs | 1,313,000 | 553,000 | ||||
Greenwich | | 460,000 | ||||
JPMorgan Chase | 1,295,000 | 3,022,000 | ||||
Lehman Brothers | | 288,000 | ||||
Merrill Lynch | 1,303,000 | 434,000 | ||||
Morgan Stanley | 316,000 | 633,000 | ||||
UBS | 1,803,000 | 2,934,000 | ||||
Prime Reserve | ||||||
Bank of America | | $58,000,000 | ||||
Citigroup | | 141,780,000 | ||||
Credit Suisse First Boston | | 37,701,000 | ||||
Deutsche Bank | | 48,915,000 | ||||
Goldman Sachs | | 34,500,000 | ||||
Lehman Brothers | | 28,000,000 | ||||
Merrill Lynch | | 36,609,000 | ||||
TRP Reserve Investment | ||||||
Bank of America | | $40,500,000 | ||||
Citigroup | | 136,656,000 | ||||
Credit Suisse First Boston | | 54,002,000 | ||||
Deutsche Bank | | 83,523,000 | ||||
Goldman Sachs | | 57,000,000 | ||||
JPMorgan Chase | | 6,569,000 | ||||
Lehman Brothers | | 45,000,000 | ||||
Merrill Lynch | | 107,304,000 | ||||
Morgan Stanley | | 58,934,000 | ||||
UBS | | 107,417,000 | ||||
Short-Term Bond | ||||||
Bank of America | | $27,134,000 | ||||
Bear Stearns | | 11,167,000 | ||||
Citigroup | | 22,937,000 | ||||
Credit Suisse First Boston | | 6,502,000 | ||||
Goldman Sachs | | 2,884,000 | ||||
JPMorgan Chase | | 7,405,000 | ||||
Merrill Lynch | | 6,750,000 | ||||
Morgan Stanley | | 7,147,000 | ||||
Wachovia | | 2,881,000 |
Fiscal Year Ended 10/31/05 | ||||||
---|---|---|---|---|---|---|
Fund | Broker | Value of Stock Holdings | Value of Bond Holdings | |||
European Stock | ||||||
Credit Suisse Group | $14,752,000 | | ||||
UBS | 15,777,000 | | ||||
Institutional Foreign Equity | ||||||
Macquarie | $1,056,000 | | ||||
UBS | 4,785,000 | | ||||
Global Stock < /td> | ||||||
Goldman Sachs | $1,516,000 | | ||||
UBS | 1,442,000 | | ||||
International Equity Index | ||||||
Deutsche Bank | $676,000 | | ||||
Societe Generale | 650,000 | | ||||
UBS | 1,251,000 | | ||||
International Growth & Income | ||||||
UBS | $15,209,000 | | ||||
International Stock | ||||||
UBS | $101,819,000 | | ||||
Summit Cash Reserves | ||||||
Banc of America | | $34,206,000 | ||||
Citigroup | | 45,852,000 | ||||
Goldman Sachs | | 15,000,000 | ||||
JPMorgan Chase | | 45,847,000 | ||||
Merrill Lynch | | 19,213,000 | ||||
Summit GNMA | ||||||
Banc of America | | $1,250,000 | ||||
Citigroup | | 198,000 | ||||
JPMorgan Chase | | 422,000 | ||||
Morgan Stanley |
font> | 472,000 | ||||
U.S. Bond Index | ||||||
Banc of America | | $1,463,000 | ||||
Bear Stearns | | 3,343,000 | ||||
Citigroup | | 1,029,000 | ||||
Credit Suisse Group | | 345,000 | ||||
Deutsche Bank | | 223,000 | ||||
Goldman Sachs | | 674,000 | ||||
HSBC | | 749,000 | ||||
JPMorgan Chase | | 1,417,000 | ||||
Lehman Brothers | | 704,000 | ||||
Morgan Stanley | | 468,000 | ||||
Wachovia | | 246,000 | ||||
Washington Mutual | | 111,000 |
Fiscal Year Ended 12/31/05 | ||||||
---|---|---|---|---|---|---|
Fund | Broker | Value of Stock Holdings | Value of Bond Holdings | |||
Balanced | ||||||
Bank of America | $23,799,000 | $6,082,000 | ||||
Barclays Capital | 6,099,000 | | ||||
Citigroup | 35,732,000 | 5,984,000 | ||||
Credit Suisse Group | | 3,150,000 | ||||
Goldman Sachs<
/font> | 10,280,000 | 5,500,000 | ||||
Greenwich Capital Markets | | 1,352,000 | ||||
JPMorgan Chase | 11,931,000 | 5,135,000 | ||||
Lehman Brothers | 6,555,000 | 2,452,000 | ||||
Merrill Lynch | | 3,075,000 | ||||
Morgan Stanley | 11,873,000 td> | 5,610,000 | ||||
UBS | 3,600,000 | | ||||
Blue Chip Growth | ||||||
Citigroup | $228,091,000 | | ||||
Legg Mason | 117,296,000 | | ||||
Merrill Lynch | 98,344,000 | | ||||
UBS | 71,353,000 | | ||||
Capital Appreciation | ||||||
JPMorgan Chase | $79,380,000 | | ||||
Lehman Brothers | 37,810,000 | | ||||
Prudential Financial | 41,060,000 | | ||||
Capital Opportunity | ||||||
Bank of America | $1,8
27,000 | | ||||
Citigroup | 4,567,000 | | ||||
Goldman Sachs | 1,047,000 | | ||||
JPMorgan Chase | 2,766,000 | | ||||
Lehman Brothers | 628,000 | | ||||
Merrill Lynch | 1,050,000 | | ||||
Morgan Stanley | 550,000 | | ||||
Diversified Mid-Cap Growth | ||||||
Legg Mason | $329,000 | | ||||
<
font style="font-size:10.0pt;" face="Berkeley Book">Dividend Growth | ||||||
Citigroup | $20,382,000 | | ||||
Morgan Stanley | 7,093,000 | | ||||
<
font style="font-size:10.0pt;" face="Berkeley Book" color="Black">UBS | 10,275,000 | | ||||
Equity Income | ||||||
Bank of America | $158,525,000 | | ||||
Citigroup | 106,717,000 | | ||||
Morgan Stanley | 278,480,000 | | ||||
Equity Index 500 | ||||||
Goldman Sachs | $29,542,000 | | ||||
JPMorgan Chase | 69,496,000 | | ||||
Lehman Brothers | 17,332,000 | | ||||
Merrill Lynch | 31,171,000 | | ||||
Morgan Stanley | 30,624,000 | | ||||
Extended Equity Market Index | ||||||
Investment Technology Group | $99,000 | | ||||
Legg Mason | 857,000 | | ||||
Financial Services | ||||||
Citigroup | $18,742,000 | | ||||
Credit Suisse Group | 2,038,000 | | ||||
JPMorgan Chase | 19,686,000 | |
tr>||||
Merrill Lynch | 12,124,000 | | ||||
Morgan Stanley | 19,632,000 | | ||||
Growth & Income | ||||||
Citigroup | $49,986,000 | | ||||
Goldman Sachs | 10,855,000 | | ||||
JPMorgan Chase | 14,328,000 | <
td style="">|||||
Merrill Lynch | 19,303,000 | | ||||
Morgan Stanley | 14,469,000 | | ||||
Growth Stock | ||||||
Citigroup | $288,559,000 | | ||||
Goldman Sachs | 61,697,000 | | ||||
Merrill Lynch | 118,528,000 | | ||||
UBS | 273,042,000 | | ||||
Institutional Large-Cap Core Growth | ||||||
Citigroup | $1,213,000 | | ||||
Goldman Sachs | 351,000 | | ||||
Merrill Lynch | 345,000 | |||||
Morgan Stanley | 153,000 | | ||||
UBS | 162,000 | | ||||
Institutional Large-Cap Growth | ||||||
Citigroup | $3,470,000 | | ||||
Institutional Large-Cap Value | ||||||
Bank of America | $4,578,000 | | ||||
Citigroup | 2
,729,000 | | ||||
JPMorgan Chase | 5,040,000 | | ||||
Merrill Lynch | 1,961,000 | | ||||
Morgan Stanley | 2,139,000 | | ||||
International Bond | ||||||
BNP Paribas | | $1,484,000 | ||||
Citigroup
font> | | 2,054,000 | ||||
Deutsche Bank | | 1,710,000 | ||||
Goldman Sachs | | 1,591,000 | ||||
JPMorgan Chase | | 1,507,000 | ||||
Merrill Lynch | | 1,542,000 | ||||
UBS | | 2,023,000 | ||||
New America Growth | ||||||
Citigroup | $8,008,000 | | ||||
Goldman Sachs | 6,385,000 | < br> | ||||
Legg Mason | 6,583,000 | | ||||
Small-Cap Stock | ||||||
Piper Jaffray | $40,097,000 | | ||||
Goldman Sachs | $1,451,000 | | ||||
Investment Technology Group | 92,000 | | ||||
JPMorgan Chase | 3,317,000 | | ||||
Legg Mason | 341,000 | | ||||
Lehman Brothers | 850,000 | | ||||
Merrill Lynch | 1,490,000 | | ||||
Morgan Stanley | 1,453,000 | | ||||
Value | ||||||
Citigroup | $39,309,000 | |||||
JPMorgan Chase | 51,370,000 | | ||||
Merrill Lynch | 22,012,000 | | ||||
Morgan Stanley | 35,462,000 | |
Fund | Fiscal Year Ended< /font> | ||||
---|---|---|---|---|---|
2/28/06 | 2/28/05 | 2/29/04 | |||
California Tax-Free Bond | 21.2% | 36.3% | 19.9% | ||
California Tax-Free Money | (a) | (a) | (a) | ||
Florida In
termediate Tax-Free | 20.7 | 18.2 | 17.3 | ||
Georgia Tax-Free Bond | 17.7 | 25.3 | 29.2 | ||
Maryland Short-Term Tax-Free Bond | 44.3 | 25.4 | 35.5 | ||
Maryland Tax-Free Bond | 17.8 | 21.2 | 33.0 | ||
Maryland Tax-Free Money | (a) | (a) | (a) | ||
New Jersey Tax-Free Bond | 17.8 | 20.0 | 14.0 | ||
New York Tax-Free Bond | 28.9 | <
td style="">29.328.7 | |||
New York Tax-Free Money | (a) | (a) | (a) | ||
Tax-Efficient Balanced | 20.1 | 18.0 | 18.2 | ||
Tax-Efficient Growth | 15.7 | 14.9 | 13.4 | ||
Tax-Efficient Multi-Cap Growth | 19.6 | 7.8 | 15.3 | ||
Tax-Exempt Money | (a) | (a) |
(a) | ||
Tax-Free High Yield | 20.0 | 22.8 | 26.5 | ||
Tax-Free Income | 31.0 | 29.8 | 26.9 | ||
Tax-Free Intermediate Bond | 20.3 | 23.8 | 30.0 | ||
Tax-Free Short-Intermediate | 29.7 | 27.5 | 41.6 | ||
Virginia Tax-Free Bond | 32.4 | 26.5 | 29.2 < /td> |
Fund | Fiscal Year Ended | ||||
---|---|---|---|---|---|
5/31/05 | 5/31/04 | ||||
Corporate Income | 59.4% | 61.3% | 82.9% | ||
GNMA | 135.1 | 167.0 | 302.1 | ||
TRP Government Reserve Investment | (a) | (a) | (a) | ||
High Yield | 65
.1 | 67.1 | 74.0 | ||
Inflation Protected Bond | 15.9 | 26.3 | 26.9 | ||
Institutional Core Plus | 128.3 | 407.9(b) | (c) | ||
Institutional H
igh Yield | 80.4 | 64.4 | 73.5 | ||
New I
ncome | 111.1 | 135.9 | 219.0 | ||
Personal Strategy Balanced | 49.3 | 73.5 | 72.9 | ||
Personal Strategy Growth | 36.5 | 52.1 | 47.2 | ||
Personal Strategy Income | 53.3 | 83.7 | |||
Prime Reserve | (a) | (a) | (a) | ||
TRP Reserve Investment | (a) | (a) | (a) | ||
Retirement 2005
| 17.1 | 12.0 | 20.6(d) | ||
Retirement 2010 | 11.3 | 6.1 | 0.5 | ||
Retirement 2015 | 11.4 | 1.8 | 0.6(d) | ||
Retirement 2020 | 11.9 | 0.8 | 0.0 | ||
Retirement 2025 | 13.2 | 2.2 | 3.4(d) | ||
Retirement 2030 | 11.9 | 1.3 | 8.8 | ||
Retirement 2035 | 11.2 | 6.2 | 13.1(d) | ||
Retirement 2040 | 11.3 | 1.3 | 1.2 | ||
Retirement 2045 | 28.4 | (c) | (c) | ||
Retirement Income | 10.2 | 21.2 | 3.9 | ||
Short-Term Bond | 39.9 | 56.0 | 69.5 | ||
Short-Term Income | (c) | (c) | (c) | ||
U.S. Treasury Intermediate | 47.4 | 90.9 | 77.4 | ||
U.S. Tr
easury Long-Term | 26.4 | 55.7 | 51.9 | ||
U.S. Treasury Money | (a) | (a) | (a) |
Fund | Fiscal Year Ended | ||||
---|---|---|---|---|---|
10/31/05 | 10/31/04 | 10/31/03 | |||
Emerging Europe & Mediterranean | 28.1% | 67.7% | 54.1% | ||
Emerging Markets Stock | 53.3 | 70.0 | 65.6 | ||
European Stock | 82.0 | 22.5 | 23.1 | ||
Global Stock | 154.8(a) | 72.3 | 38.7 | ||
Institutional Emerging Markets Equity | 57.4 |
69.1 | 70.4 | ||
Institutional Foreign Equity | 56.2 | 28.8 | 27.8 | ||
International Discovery | 85.3 | 106.4 | |||
International Equity Index | 53.1 | 58.2 | 39.4 | ||
International Growth & Income | 26.9 | 45.8 | 53.2 | ||
International Stock | 62.7 | 28.2 | 25.2 | ||
Japan | 161.2 | 212.4 | 254.7 | ||
Latin America | 17.8 | 34.8 | 27.4 | ||
New Asia | 55.9 | 72.3 | 71.7 | ||
Summit Cash Reserves | (b) | (b) | (b) | ||
Summit G
NMA | 187.2 | 198.6 | 312.0 | ||
Summit Municipal Income | 24.8 | 30.5 | 37.0 | ||
Summit Municipal Intermediate | <
font style="font-size:10.0pt;" face="Berkeley Book">22.3 | 26.5 | 29.8 | ||
Summit Municipal Money Market | (b) | (b) | (b) | ||
U.S. Bond Index(c) | 98.2 | 167.1 | 190.3 |
Fund | Fiscal Year Ended | ||||
---|---|---|---|---|---|
12/31/05 | 12/31/04 | 12/31/03 | |||
Balanced | 27.3% | 22.9% | 38.4% | ||
Blue Chip Growth | 43.9 | 31.9 | 32.6 | ||
Capital Appreciation | 12.1 | 17.6 | 17.9 | ||
Capital Opportunity | 46.2 | 44.3 | 47.5 | ||
Developing Technologies | 75.0 | 79.0 | 66.3 | ||
Diversified Mid-Cap Growth | 20.0 | 13.3 | (a) | ||
Diversified Small-Cap Growth | 29.4 | 26.4 | 23.3 | ||
Dividend Growth | 23.2 | 16.5 | 17.5 | ||
Emerging Markets Bond | 50.5 | 68.6 | |||
Equity Income | 20.5 | 16.1 | 11.8 | ||
Equity Index 500 | 8.4 | 6.4 | 1.2 | ||
Extended Equity Market Index | 17.3 | 11.2 | 8.5 | ||
Financial Services | 55.7 | 35.5 | 50.8 | ||
Global Technology | 96.4 | 137.4 | |||
Growth & Income | 52.1 | 36.4 | 40.5 | ||
Growth Stock | 36.2 | 30.7 |
35.0 | ||
Health Sciences | 55.7 | 44.1 | 44.8 | ||
Institutional Concentrated Large-Cap Value | (a) | (a) | |||
Institutional Large-Cap Core Growth | 16.9 | 18.2 | 8.6 | ||
Institutional Large-Cap Growth | 64.4 | 66.9 | 73.3 | ||
Institutional Large-Cap Value | 24.0 | 18.8 | 28.9 | ||
Institutional Mid-Cap Equity Growth | 33.0 | 39.8 |
52.2 | ||
Institutional Small-Cap Stock | 19.2 | 22.4 | 22.2 | ||
International Bond | 103.7 | 69.7 | 38.5 | ||
Media & Telecommunications | 77.8 | 107.6 | 123.5 | ||
Mid-Cap Growth | 28.6 | 29.6 | 30.2 | ||
Mid-Cap Value | 45.8 | 50.0 | 50.4 | ||
New America Growth | <
font style="font-size:10.0pt;" face="Berkeley Book">53.0 | 50.9 | 61.6 | ||
New Era | 35.7 | 19.2 | 17.7 | ||
New Horizons | 23.5 | 25.4 | 28.6 | ||
Real Estate | 18.3 |
8.4 | 4.5 | ||
Science & Technology | 59.2 | 54.5 | 47.8 | ||
Small-Cap Stock | 20.4 | 18.3 | 16.3 | ||
Small-Cap Value | 11.9 | 8.5 | 10.3 | ||
Spectrum Growth | 10.1 | 20.3 | 18.0 | ||
Spectrum Income | 40.3 | 8.2 | 7.4 | ||
Spectrum International | 2.7 | 12.5 | 48.0 | ||
Total Equity Market Index | 4.5 | 5.2 | 2.3 | ||
Value | 19.4 | 17.0 | 30.6 |
T. Rowe price short-term income fund August 25, 2006 statement of assets and liabilities | ||
---|---|---|
Assets | ||
Cash | $ 100,000 | |
NET ASSETS | $100,000 |
|
OFFERING AND REDEMPTION PRICE | $ 5.00 | |
Net Assets Consist of: | ||
Paid-in-capital applicable to 20,000 shares of $0.0001 par value capital stock outstanding; 1,000,000,000 shares authorized | $100,000 |
PART II TABLE OF CONTENTS | ||||||||
---|---|---|---|---|---|---|---|---|
Page | Page | |||||||
Investment Objectives and Policies | 136 | Net Asset Value per Share | 200 |
tr>|||||
Risk Factors | 136 | Dividends and Distributions | 202 | |||||
Investment Program | 158 | Tax Status | 202 | |||||
Derivative Investments | 172 | Capital Stock | 204 | |||||
Portfolio Management Practices | 188 | Organization of the Funds | 209 | |||||
Special Considerations | 190 | T. Rowe Price Proxy Voting Policies and Procedures | 210 | |||||
Investment Restrictions | 191 | Federal Registration of Shares | 212 | |||||
Custodian | 196 | Legal Counsel | 212 | |||||
Code of Ethics | 197 | Ratings of Commercial Paper | 212 | |||||
Disclosure of Fund Portfolio Information | 197 | Ratings of Corporate and Municipal Debt Securities | 213 | |||||
Pricing of Securities | 199 | Ratings of Municipal Notes and Variable Rate Securities | 214 |
< /p>
p>
p>
Service Provider | Service |
---|---|
PricewaterhouseCoopers LLP | Independent Registered Public Accounting Firm |
JPMorgan Chase, London | Custodian |
State Street Bank | Custodian |
ADP | Systems Vendor |
Charles River | Systems Vendor |
Citigroup | Systems Vendor |
COR Financial Solutions | Systems Vendor |
DSTI | Systems Vendor |
GCom | Systems Vendor |
Institutional Shareholder Services
| Systems Vendor |
Interactive Data | Systems Vendor |
Investor Tools, Inc. | Systems Vendor |
Lehman Brothers | Systems Vendor |
Merant | Systems Vendor |
Macgregor | Systems Vendor |
Mosiki | Systems Vendor |
Omgeo LLC | Systems Vendor |
Perot Systems | Systems Vendor |
REMO | Systems Vendor |
SmartStream Technologies | Systems Vendor |
Vision | Systems Vendor |
Wilshire | Systems Vendor |
FT Interactive Data | Pricing Vendor |
ITG, Inc. | Pricing Vender & Systems Vendor |
JPMorgan Chase | Pricing Vendor |
Reuters Fixed Income | Pricing Vendor |
S&P/JJ Kenny | Pricing Vendor |
Wall Street Concepts, Inc. | Pricing Vendor |
Maryland Corporations |
---|
T. Rowe Price Balanced Fund, Inc. (fund) |
T. Rowe Price Blue Chip Growth Fund, Inc. (fund) T. Rowe Price Blue Chip Growth FundA dvisor Class (class) T. Rowe Price Blue Chip Growth FundR Class (class) |
T. Rowe Price Capital Opportunity Fund, Inc. (fund) T. Rowe Price Capital Opportunity FundAdvisor Class (class) T. Rowe Price Capital Opportunity FundR Class (class) |
T. Rowe Price Corporate Income Fund, Inc. (fund) |
T. Rowe Price Developing Technologies Fund, Inc. (fund) |
T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. (fund) |
T. Rowe Price Diversified Small-Cap Growth Fund, Inc. (fund) |
T. Rowe Price Dividend Growth Fund, Inc. (fund) T. Rowe Price Dividend Growth FundAdvisor Class (class) |
T. Rowe Price Financial Services Fund, Inc. (fund) |
T. Rowe Price Global Technology Fund, Inc. (fund) |
T. Rowe Price Growth & Income Fund, Inc. (fund) |
T. Rowe Price Growth Stock Fund, Inc. (fund) T. Rowe Price Growth Stock FundAdvisor Class (class) T. Rowe Price Growth Stock FundR Class (class) |
T. Rowe Price Health Sciences Fund, Inc. (fund) |
T. Rowe Price High Yield Fund, Inc. (fund) T. R owe Price High Yield FundAdvisor Class (class) |
T. Rowe Price Index Trust, Inc. (corporation) T. Rowe Price Equity Index 500 Fund (series) T. Rowe Price Extended Equity Market Index Fund (series) T. Rowe Price Total Equity Market Index Fund (series) |
T. Rowe Price Inflation Protected Bond Fund, Inc. (fund) |
T. Rowe Price Institutional Equity Funds, Inc
. (corporation) T. Rowe Price Institutional Concentrated Large-Cap Value Fund (series) T. Rowe Price Institutional Large-Cap Core Growth Fund (series) T. Rowe Price Institutional Large-Cap Growth Fund (series) T. Rowe Price Institutional Large-Cap Value Fund (series) T. Rowe Price Institutional Mid-Cap Equity Growth Fund (series) T. Rowe Price Institutional Small-Cap Stock Fund (series) |
T. Rowe Price Institutional Income Funds, Inc. (corporation) T. Rowe Price Institutional Core Plus Fund (series) T. Rowe Price Institutional High Yield Fund (series) |
T. Rowe Price Institutional International Funds, Inc. (corporation) T. Rowe Price Institutional Emerging Markets Equity Fund (series) T. Rowe Price Institutional Foreign Equity Fund (series) T. Rowe Price Institutional Global Equity Fund (series) |
T. Rowe Price International Funds, Inc. (corporation) T. Rowe Price Emerging Europe & Mediterranean Fund (series) T. Rowe Price Emerging Markets Bond Fund (series) T. Rowe Price Emerging Markets Stock Fund (series) T. Rowe Price European Stock Fund (series) T. Rowe Price Global Stock Fund (series) T. Rowe Price Global Stock FundAdvisor Class (class) T. Rowe Price International Bond Fund (series) T. Rowe Price International Bond FundAdvisor Class (class) T. Rowe Price International Discovery Fund (series) T. Rowe Price International Growth & Income Fund (series) T. Rowe Price International Growth & Income FundAdvisor Class (class) T. Rowe Price International Growth & Income FundR Class (class) T. Rowe Price International Stock Fund (series) T. Rowe Price International Stock FundAdvisor Class (class) T. Rowe Price International Stock FundR Class (class) T. Rowe Price Japan Fund (series) T. Rowe Price Latin America Fund (series) T. Rowe Price New Asia Fund (series) |
T. Rowe Price International Index Fund, Inc. (corporation) T. Rowe Price International Equity Index Fund (series) |
T. Rowe Price Media & Telecommunications Fund, Inc. (fund) |
T. Rowe Price Mid-Cap Growth Fund, Inc. (fund) T. Rowe Price Mid-Cap Growth FundAdvisor Class (class) T. Rowe Price Mid-Cap Growth FundR Class (class) |
T. Rowe Price Mid-Cap Value Fund, Inc. (fund) T. Rowe Price Mid-Cap Value FundAdvisor Class (class) T. Rowe Price Mid-Cap Value FundR Class (class) |
T. Rowe Price New Era Fund, Inc. (fund) |
T. Rowe Price New Horizons Fund, Inc. (fund) |
T. Rowe Price Ne
w Income Fund, Inc. (fund) T. Rowe Price New Income FundAdvisor Class (class) T. Rowe Price New Income FundR Class (class) |
T. Rowe Price Personal Strategy Funds, Inc. (corporation) T. Rowe Price Personal Strategy Balanced Fund (series) T. Rowe Price Personal Strategy Growth Fund (series) T. Rowe Price Personal Strategy Income Fund (series) |
T. Rowe Price Prime Reserve Fund, Inc. (fund) |
T. Rowe Price Real Estate Fund, Inc. (fund) T. Rowe Price Real Estate FundAdvisor Class (class) |
T. Rowe T. Rowe Price Government Reserve Investment Fund (series) T. Rowe Price Reserve Investment Fund (series) |
T. Rowe Price Retirement Funds, Inc. (corporation) T. Rowe Price Retirement 2005 Fund (series) T. Rowe Price Retirement 2010 Fund (series) T. Rowe Price Retirement 2010 FundAdvisor Class (class) T. Rowe Price Retirement 2010 FundR Class (class) T. Rowe Price Retirement 2015 Fund (series) T. Rowe Price Retirement 2020 Fund (series) T. Rowe Price Retirement 2020 FundAdvisor Class (class) T. Rowe Price Retirement 2020 FundR Class (class) T. Rowe Price Retirement 2025 Fund (series) T. Rowe Price Retirement 2030 Fund (series) T. Rowe Price Retirement 2030 FundAdvisor Class (class) T. Rowe Price Retirement 2030 FundR Class (class) T. Rowe Price Retirement 2035 Fund (series) T. Rowe Price Retirement 2040 Fund (series) T. Rowe Price Retirement 2040 FundAdvisor Class (class) T. Rowe Price Retirement 2040 FundR Class (class) T. Rowe Price Retirement 2045 Fund (series) T. Rowe Price Retirement Income Fund (series) T. Rowe Price Retirement Income FundAdvisor Class (class) T. Rowe Price Retirement Income FundR Class (class) |
T.
Rowe Price Science & Technology Fund, Inc. (fund) T. Rowe Price Science & Technology FundAdvisor Class (class) |
T. Rowe Price Short-Term Bond Fund, Inc. (fund) T. Rowe Price Short-Term Bond FundAdvisor Class (class) |
T. Rowe Price Short-Term Income Fund, Inc. (fund) |
T. Rowe Price Small-Cap Stock Fund, Inc. (fund) T. Rowe Price Small-Cap Stock FundAdvisor Class (class) |
T. Rowe Price Small-Cap Value Fund, Inc. (fund) T. Rowe Price Small-Cap Value FundAdvisor Class (class) |
T. Rowe Price Spectrum Fund, Inc. (corporation) Spectrum Growth Fund (series) Spectrum Income Fund (series) Spectrum International Fund (series) |
T. Rowe Price Summit Funds, Inc. (corporation) T. Rowe Price Summit Cash Reserves Fund (series) T. Rowe Price Summit GNMA Fund (series) |
T. Rowe Price Summit Municipal Funds, Inc. (corporation) T. Rowe Price Summit Municipal Money Market Fund (series) T. Rowe Price Summit Municipal Intermediate Fund (series) T. Rowe Price Summit Municipal Income Fund (series) |
T. Rowe Price Tax-Efficient Funds, Inc. (corporation) T. Rowe Price Tax-Efficient Balanced Fund (series) T. Rowe Price Tax-Efficient Growth Fund (series) T. Rowe Price Tax-Efficient Multi-Cap Growth Fund (series) |
T. Rowe Price Tax-Exempt Money Fund, Inc. (fund) |
T. Rowe Price Tax-Free High Yield Fund, Inc. (fund) |
T. Rowe Price Tax-Free Income Fund, Inc. (fund) T. Rowe Price Tax-Free Income FundAdvisor Class (class) |
T. Rowe Price Tax-Free Intermediate Bond Fund, Inc. (fund) |
T. Rowe Price Tax-Free Short-Intermediate Fund, Inc. (fund) |
T. Rowe Price U.S. Bond Index Fund, Inc. (fund) |
T. Rowe Price U.S. Treasury Funds, Inc. (corporation) U.S. Treasury Intermediate Fund (series) U.S. Treasury Long-Term Fund (series) U.S. Treasury Money Fund (series) |
T. Rowe Price Value Fund, Inc. (fund) T. Rowe Price Value FundAdvisor Class (class) |
Massachusetts Business Trusts |
---|
T. Rowe Price California Tax-Free Income Trust (trust) California Tax-Free Bond Fund (series) California Tax-Free Money Fund (series) |
T. Rowe Price Capital Appreciation Fund (fund) T. Rowe Price Capital Appreciation FundAdvisor Class (class) |
T. Rowe Price Equity Income Fund (fund) T. Rowe Price Equity Income FundAdvisor Class (class) T. Rowe Price Equity Income FundR Class (class) |
T. Rowe Price GNMA Fund (fund) |
T. Rowe Price New America Growth Fund (fund) T. Rowe Price New America Growth FundAdvisor Class (class) |
T. Rowe Price State Tax-Free Income Trust (trust) Florida Intermediate Tax-Free Fund (series) Georgia Tax-Free Bond Fund (series) Maryland Short-Term Tax-Free Bond Fund (series) Maryland Tax-Free Bond Fund (series) Maryland Tax-Free Money Fund (series) New Jersey Tax-Free Bond Fund (series) New York Tax-Free Bond Fund (series) New York Tax-Free Money Fund (series) Virginia Tax-Free Bond Fund (series) |
Name | Company Name | Position Held With Company |
---|---|---|
Edward C. Bernard | T. Rowe Price Advisory Services, Inc. | Director President |
T. Rowe Price Associates, Inc. | Director Vice President | |
T. Rowe Price (Canada), Inc. | Director | |
T. Rowe Price Global Asset Management Limited | Director | |
T. Rowe Price Global Investment Services Limited | Director | |
T. Rowe Price Group, Inc. | Director Vice President | |
T. Rowe Price Insurance Agency, Inc. | Director President | |
T. Rowe Price Investment Services, Inc. | Chairman of the Board Director President | |
T. Rowe Price Retirement Plan Services, Inc. | Chairman of the Board Director | |
T. Rowe Price Savings Bank | Chairman of the Board Director | |
T. Rowe Price Services, Inc. | Chairman of the Board Director | |
T. Rowe Price Trust Company | Chairman of the Board Chief Executive Officer Director President | |
Calum Ferguson | T. Rowe Price Global Asset Management Limited | Chief Compliance Officer Vice President |
T. Rowe Price Global Investment Services Limited | Chief Compliance Officer Vice President | |
T. Rowe Price Group, Inc. | Vice President | |
T. Rowe Price International, Inc. | Chief Compliance Officer Vice President | |
John R. Gilner | T. Rowe Price Advisory Services, Inc. | Chief Compliance Officer |
T. Rowe Price Associates, Inc. | Chief Compliance Officer Vice President | |
T. Rowe Price (Canada), Inc. | Vice President | |
T. Rowe Price Group, Inc. | Vice President | |
T. Rowe Price Investment Services, Inc. | Vice President | |
James A.C. Kennedy | T. Rowe Price Associates, Inc. | Director Vice President |
T. Rowe Price Global Asset Management Limited | Director | |
T. Rowe Price Global Investment Services Limited | Director | |
T. Rowe Price Group, Inc. | Director Vice President | |
T. Rowe Price International, Inc. | Director | |
T. Rowe Price Threshold Fund Associates, Inc. | Director Vice President | |
James S. Mazarakis | T. Rowe Price Asso
ciates, Inc. | Vice President |
T. Rowe Price Group, Inc. | Chief Technology Officer Vice President | |
Kenneth V. Moreland | T. Rowe Price Associates, Inc. | Chief Financial Officer |
T. Rowe Price Group, Inc. | Chief Financial Officer Vice President | |
TRP Finance, Inc. | Director President | |
TRP Suburban, Inc. | Director President | |
TRP Suburban Second, Inc. | Director President | |
TRP Suburban Third, Inc. | Director President | |
Mary J. Miller | T. Rowe Price Associates, Inc. | Director Vice President |
T. Rowe Price Group, Inc. | Vice President | |
T. Rowe Price Recovery Fund II Associates, L.L.C. | Director | |
T. Rowe Price Trust Company | Director | |
George A. Roche | T. Rowe Price Associates, Inc. | Director President |
T. Rowe Price Group, Inc. | Chairman of the Board Director President | |
T. Rowe Price International, Inc. | Director | |
T. Rowe Price Retirement Plan Services, Inc. | <
td style="text-indent:0.12pc;">Director||
T. Rowe Price Threshold Fund Associates, Inc. | Director Vice President | |
TRP Finance, Inc. | Chairman of the Board Director | |
TRP Suburban, Inc. | Director Vice President | |
TRP Suburban Second, Inc. | Director Vice President | |
TRP Suburban Third, Inc. | Director Vice President | |
Brian C. Rogers | T. Rowe Price Associates, Inc. | Chief Investment Officer Director Vice President |
T. Rowe Price Group, Inc. | Chief Investment Officer Director Vice President | |
T. Rowe Price Trust Company | Vice President | |
R. Todd Ruppert | T. Rowe Price Associates, Inc. | Vice President |
T. Rowe Price Global
Asset Management Limited | Chief Executive Officer Director President | |
T. Rowe Price Global Investment Services Limited | Chief Executive Officer Director President | |
T. Rowe Price Group, Inc. | Vice President | |
T. Rowe Price Retirement Plan Services, Inc. | Vice President | |
T. Rowe Price Trust Company | Vice President | |
TRPH Corporation | Director President | |
David J.L. Warren | T. Rowe Price Associates, Inc. |
Director |
T. Rowe Price Group, Inc. | Vice President | |
T. Rowe Price Global Asset Management Ltd. | Director | |
T. Rowe Price Glob
al Investment Services Ltd. | Director | |
T. Rowe Price International, Inc. | Chief Executive Officer Director President |
T. Rowe Price Balanced Fund, Inc. |
T. Rowe Price Blue Chip Growth Fund, Inc. |
T. Rowe Price California Tax-Free Income Trust |
T. Rowe Price Capital Appreciation Fund |
T. Rowe Price Capital Opportunity Fund, Inc. |
T. Rowe Price Corporate Income Fund, Inc. |
T. Rowe Price Developing Technologies Fund, Inc. |
T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. |
T. Rowe Price Diversified Small-Cap Growth Fund, Inc. |
T. Rowe Price Dividend Growth Fund, Inc. |
T. Rowe Price Equity Income Fund |
T. Rowe Price Equity Series, Inc. |
T. Rowe Price Financial Services Fund, Inc. |
T. Rowe Price Fixed Income Series, Inc. |
T. Rowe Price Global Technology Fund, Inc. |
T. |
T. Rowe Price Growth & Income Fund, Inc. |
T. Rowe Price Growth Stock Fund, Inc. |
T. Rowe Price Health Sciences Fund, Inc. |
T. Rowe Price High Yield Fund, Inc. |
T. Rowe Price Index Trust, Inc. |
T. Rowe Price Inflation Protected Bond Fund, Inc. |
T. Rowe Price Institutional Equity Funds, Inc. |
T. Rowe Price Institutional In
come Funds, Inc. |
T. Rowe Price Institutional International Funds, Inc. |
T. Rowe Price International Funds, Inc. |
T. Rowe Price International Index Fund, Inc. |
T. Rowe Price International Series, Inc. |
T. Rowe Price Media & Telecommunications Fund, Inc. |
T. Rowe Price Mid-Cap Growth Fund, Inc. |
T. Rowe Price Mid-Cap Value Fund, Inc. |
T. Rowe Price New America Growth Fund |
T. Rowe Price New Era Fund, Inc.<
/font> |
T. Rowe Price New Horizons Fund, Inc. |
T. Rowe Price New Income Fund, Inc. |
T. Rowe Price Personal Strategy Funds, Inc. |
T. Rowe Price Prime Reserve Fund, Inc. |
T.
Rowe Price Real Estate Fund, Inc. |
T. Rowe Price Reserve Investment Funds, Inc. |
T. Rowe Price Retirement Funds, Inc. |
T. Rowe Price Science & Technology Fund, Inc. |
T. Rowe Price Short-Term Bond Fund, Inc. |
T. Rowe Price Short-Term Income Fund, Inc. |
T. Rowe Price Small-Cap Stock Fund, Inc. |
T. Rowe Price Small-Cap Value Fund, Inc. |
T. Rowe Price Spectrum Fund, Inc. |
T. Rowe Price State Tax-Free Income Trust |
T. Rowe Price Summit Funds, Inc. |
T. Rowe Price Summit Municipal Funds, Inc. |
T. Rowe Price Tax-Efficient Funds, Inc. |
T. Rowe Price Tax-Exempt Money Fund, Inc.
|
T. Rowe Price Tax-Free High Yield Fund, Inc. |
T. Rowe Price Tax-Free Income Fund, Inc. |
T. Rowe Price Tax-Free Intermediate Bond Fund, Inc. |
T. Rowe Price Tax-Free Short-Intermediate Fund, Inc. |
T. Rowe Price U.S. Bond Index Fund, Inc. |
T. Rowe Price U.S. Treasury Funds, Inc. |
T. Rowe Price Value Fund, Inc. |
Name | Positions and Offices With Underwriter | Positions and Offices With Registrant |
---|---|---|
Edward C. Bernard | Chairman of the Board, Director, and President | Chairman of the Board |
Henry H. Hopkins | Vice President and Director | Vice President |
Wayne D. O`Melia | Vice President and Director | None |
Charles E. Vieth | Vice President and Director | None |
Raymond Ahn | Vice President | None |
Jerrold Appel
baum | Vice President | None |
Patricia M. Archer | Vice President | None |
Stephen P. Ban | Vice Preside
nt | None |
Steven J. Banks | Vice President | None |
Margo A. Bennett | Vice President | None |
John T. Bielski | Vice President | None |
Joseph E. Bourelly | Vice President | None |
John H. Boyd | Vice President | None |
Renee Q. Boyd | Vice President | None |
Darrell N. Braman | Vice President | None |
Ronae M. Brock | Vice President | None |
Martin P. Brown | Vice President | None |
Sheila P. Callahan | Vice President | None |
Meredith C. Callanan | Vice President | None |
John H. Cammack | Vice President | None |
Christine M. Carolan | Vice President | None |
Joseph A. Carrier | Vice President | None |
Renee L. Chapman | Vice President | None |
Laura H. Chasney | Vice President | None |
Renee M. Christoff | Vice President | None | <
/tr>
Jerome A. Clark | Vice President | None |
Todd M. Cleary | Vice President | None |
Linsley G. Craig | None | |
Joseph A. Crumbling | Vice President | None |
Peter A. DeLibro | Vice President | No
ne |
LeSales S. Dunworth | Vice President | None |
Patricia Cannon Ewachiw | Vice President | None |
Christine S. Fahlund | Vice President | None |
Forrest R. Foss | Vice President | None |
Bruce S. Fulton | Vice President | None |
John A. Galateria | Vice President | None |
Thomas A. Gannon | Vice President | None |
John R. Giln
er | Vice President | None |
John Halaby | Vice President | None |
Douglas E. Harrison | Vice Pres
ident | None |
Joanne M. Healy | Vice President | None |
Kristen L. Heerema | Vice President | None |
Walter J. Helmlinger | Vice President | None |
Keller L. Hoak | Vice President | None |
Bruce R. Hoffmann | Vice President | None |
Carole Hofmeister | Vice President | None |
David A. Hueser | Vice President | None |
Christopher J. Hufman | Vice President | None |
Christopher A. Jarmush | Vice President | None |
Thomas E. Kazmierczak, Jr. | Vice President | None |
Steven A. Larson | Vice President | None |
Gina M. Lea | Vice President | None |
Gayle A. Lomax | Vice President | None |
James R. Longenecker | Vice President | None |
Sarah McCafferty | Vice President | None |
Daniel M. Middelton | Vice President | None |
Mark J. Mitchell | Vice President | None |
Thomas R. Morelli | Vice President | None |
Dana P. Morgan | Vice President < /td> | None |
Paul Musante | Vice President | None |
Steven E. Norwitz | Vice President | None |
Edmund M. Notzon III | Vice President | None |
Barbara A. O`Connor | Vice President | None |
David Oestreicher | Vi
ce President | None |
Kristine A. Paden | Vice President | None |
Kathleen G. Polk | Vice President | None |
Naomi S. Proshan | Vice President | None |
Kenna E. Quereau | Vice President | None |
Seamus A. Ray | Vice President | None |
Suzanne J. Ricklin | Vice President | None |
George D. Riedel | Vice President | None |
John R. Rockwell | Vice President | None |
Christopher J. Rohan | Vice President | None |
Kenneth J. Rutherford | Vice President | None |
Alexander Savich | Vice President | None |
Ann R. Schultz | Vice P
resident | None |
Kristin E. Seeberger | Vice President | None |
Deborah D. Seidel | Vice President | None |
John W. Seufert | Vice President | None |
Kevin C. Shea | Vice President | None |
Scott L. Sherman | Vice President | None |
Donna B. Singer | Vice President | None |
Jonathan L. Stricker | Vice President | None |
Scott Such | Vice President | None |
Jerome Tuccille | Vice President | None |
Judith B. Ward | Vice President | None |
Regina M. Watson | Vice President | None |
William R. Weker, Jr. | Vice President | None |
Lois A. Welsh | Vice President | None |
Teresa F. Whitaker | Vice President | None |
Natali
e C. Widdowson | Vice President | None |
James Zurad | Vice President | None |
Timothy S. Dignan | Treasurer and Vice President | None |
Barbara A. Van Horn | Secretary | None |
Megan R. Abbruzzese | Assistant Vice President | None |
Megan L. Anderson | Assistant Vice President | None |
Kerrie L. Bailey | Assistant Vice President | None |
S. Olivia Barbee | Assistant Vice President | None |
Richard J. Barna | Assistant Vice President | None |
Carl P. Beernink | Assistant Vice President td> | None |
Cheri M. Belski | Assistant Vice President | None |
Catherine L. Berkenkemper | Assistant Vice President | None |
Timothy P. Boia | Assistant Vice President | None |
Jonathan C. Boldebuck | Assistant Vice President | None |
Robin J. Boz
zuto | Assistant Vice President | None |
Michele L. Cassell | Assistant Vice President | None |
Jodi A. Casson | Assistant Vice President | None |
Cynthia M. Ciangio | Assistant Vice President | None |
Susan M. D`Angelo | Assistant Vice President | None |
Brian C. Dausch | Assistant Vice President | None |
Kimberly E. DeDominicis | Assistant Vice President | None |
Heather S. Dondis | Assistant Vice President | None |
Jason S. Dowdy | Assistant Vice President | None |
William P. Duffy | Assistant V
ice President | None |
Dennis J. Elliott | Assistant Vice President | None |
Cheryl L. Emory | Assistant Vice President | None |
Kerry L. Fox | Assistant Vice President | None |
Dixie M. Frank | Assistant Vice President | None |
Amy M. Frederick | Assistant Vice President | None |
John A. Galateria | Assistant Vice President | None |
Jason L. Gounaris | Assistant Vice President | None |
Alan P. Graff | Assistant Vice President | None |
Leah B. Greenstein | Assistant Vice President | None |
Brian L.
Habas | Assistant Vice President | None |
Marywill R. Herrfeldt | Assistant Vice President | None |
Kristin Hirt | Assistant Vice President | None |
Bernadette A. Hughes | Assistant Vice President | None |
Shawn M. Isaacson | Assistant Vice President | None |
Assistant Vice President | None | |
Suzanne M. Knoll | Assistant Vice President | None |
Michael J. Kubik | Assistant Vice President | None |
Jennifer A. LaPorte | Assistant Vice President | None |
Brian J. Lewbart | Assistant Vice President | None | Patricia B. Lippert | Assistant Vice President | Secretary |
Kimberly W. Madore | Assistant Vice President | None |
Amy L. Marker | Assistant Vice President | None |
Charlotte L. Matthews | Assistant Vice President | None |
John T. McGuigan | None | |
Mary J. Namian | Assistant Vice President | None |
James C. Neubauer | Assistant Vice President | None |
Dave J. Notarangelo | Assistant Vice President | None |
Richard J. Osikowicz | Assistant Vice President | None |
Joseph F. Parlapiano | Assistant Vice President | None |
JeanneMarie B. Patella | Assistant Vice President | None |
Yani A. Peyton | Assistant Vice President | None |
Jason B. Powell | Assistant Vice President | None |
Shawn D. Reagan | Assistant Vice President | None |
Gregory P. Rego | Assistant Vice President | None |
Kendra M. Richardson | Assistant Vice President | None |
John D. Richter | Assistant Vice President | None |
Stuart L. Ritter | Assistant Vice President | None |
Ramon D. Rodriguez | Assistant Vice President | None |
Val E. Seaberg | Assistant Vice President | None |
George S. Shirk III | Assistant Vice President | None |
Thomas L. Siedell<
/font> | Assistant Vice President | None |
Mark F. Skirbe | Assistant Vice President | None |
Danielle Nicholson Smith | Assistant Vice President | None |
Sandra L. Stinson | Assistant Vice President | None |
John A. Stranovsky | Assistant Vice President | None |
Brian Sullam | Assistant Vice President | None |
Ralph E. Vanlow | Assistant Vice President | None |
Barbara L. Walsh | Assistant Vice President | None |
James J. Whitaker | Assistant Vice President | None |
Mary G. Williams | Assistant Vice President | None |
Beverly Wisbar | Assistant Vice President | None |
Signature | Title | Date |
---|---|---|
/s/Edward C. Bernard Edward C. Bernard | Chairman of the Board (Chief Executive Officer) | September 28, 2006 |
/s/Joseph A. Carrier Joseph A. Carrier | Treasurer (Chief Financial Officer) | September 28, 2006 |
* Jeremiah E. Casey | Director | September 28, 2006 |
* Anthony W. Deering | Director | September 28, 2006 |
* Donald W. Dick, Jr. | Director | September 28, 2006 |
* David K. Fagin | Director | September 28, 2006 |
* Karen N. Horn | Director | September 28, 2006 |
/s/Mary J. Miller Mary J. Miller | Director | September 28, 2006 |
* Theo C. Rodgers | Director | September 28, 2006 |
* John G. Schreiber | Director | September 28, 2006 |
*/s/Henry H. Hopkins Henry H. Hopkins | Vice President and AttorneyInFact | September 28, 2006 |
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To any Fund: | c/o T. Rowe Price Associates, Inc. 100 East Pratt Street Baltimore, Maryland 21202 Telephone: 410-345-6658 Telecopy: 410-685-8827/8830 |
To the Custodian: | State Street Bank and Trust Company 1776 Heritage Drive North Quincy, Massachusetts 02171, U.S.A. Attention: Carol C. Ayotte Telephone: 617-985-6894 Telecopy: 617-537-6321 |
Signature attested to: | Executed on Behalf of each Fund: |
---|---|
/s/Suzanne E. Fraunhoffer By: Name: Suzanne E. Fraunhoffer Title: Legal Assistant | /s/Carmen Deyesu By: Name: Carmen Deyesu Title: Treasurer for each of the foregoing |
Signature attested to: | State Street Bank and Trust Company |
---|---|
/s/Glenn Ciotti By: Name: Glenn Ciotti Title: VP & Assoc. Counsel | /s/Ronald E. Logue By: Name: Ronald E. Logue Title: Executive Vice President |
p>
Country | Subcustodian | Central Depository |
---|---|---|
United Kingdom | State Street Bank and Trust Company | None; The Bank of England The Central Gilts Office (CGO); The Central Moneymarkets Office (CMO) |
p>
< /p>
< /p>
< /p>
Bank: | The Chase Manhattan Bank, N.A. Chase MetroTech Center Brooklyn, NY 11245 Attention: Global Investor Services Telephone: (718) 242-3455 Facsimile: (718) 242-1374 |
Copy to: | The Chase Manhattan Bank, N.A. Woolgate House Coleman Street London EC2P 2HD England Attention: Global Investor Services Telephone: 44-71-962-5000 Facsimile: 44-71-962-5377 Telex: 8954681CMBG |
Customer: | Name of Customer from Schedule A c/o T. Rowe Price 100 East Pratt Street Baltimore, MD 21202 Attention: Treasurer Telephone: (410) 625-6658 Facsimile: (410) 547-0180 |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
I. INVESTMENT COMPANIES/PORTFOLIOS REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940 | The Mutual Fund Rider is applicable to al l Customers listed under Section I of this Schedule A. |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
II. ACCOUNTS SUBJECT TO ERISA | The ERISA Rider is applicable to all Customers Under Section II of this Schedule A. |
III. OTHER RPFI International Partners, L.P. | No Riders are applicable to the Customer listed under Section III of this Schedule A. |
January, 1994 | Schedule B |
COUNTRY | SUB-CUSTODIAN | CORRESPONDENT BANK |
---|---|---|
ARGENTINA | The Chase Manhattan Bank, N.A., Main Branch 25 De Mayo 130/140 Buenos Aires ARGENTINA | The Chase Manhattan Bank, N.A. Buenos Aires |
AUSTRALIA | The Chase Manhattan Bank, Australia Limited 36th Floor World Trade Centre Jamison Street Sydney New South Wales 2000 AUSTRALIA | The Chase Manhattan Bank Australia Limited Sydney |
AUSTRIA | Creditanstalt - Bankvereln Schottengasse 6 A - 1011, Vienna AUSTRIA | Credit Lyonnais Vienna |
BANGLADESH | Standard Chartered Bank 18-20 Motijheel C.A. Box 536, Dhaka-1000 BANGLADESH | Standard Chartered Bank Dhaka |
BELGIUM | Generale Bank 3 Montagne Du Parc 1000 Bruxelles BELGIUM | Credit Lyonnais Bank Brussels |
BOTSWANA | Standard Chartered Bank Botswana Ltd. 4th Floor Commerce House The Mall Gaborone BOTSWANA | Standard Chartered Bank Botswana Ltd. Gabarone |
BRAZIL | Banco Chase Manhattan, S.A. Chase Manhattan Center Rua Verbo Divino, 1400 Sao Paulo, SP 04719-002 BRAZIL | Banco Chase Manhattan S.A., Sao Paolo |
CANADA | The Royal Bank of CanadaRoyal Bank Plaza Toronto Ontario M5J 2J5 CANADA Canada Trust Canada Trust Tower BCE Place 161 Bay at Front Toronto Ontario M5J 2T2 CANADA | Toronto Dominion Bank Toronto Toronto Dominion Bank Toronto |
CHILE | The Chase Manhattan Bank, N.A., Agustinas 1235 Casilla 9192 Santiago CHILE | The Chase Manhattan Bank, N.A., Santiago |
COLOMBIA | Cititrust Colombia S.A. Sociedad Fiduciaria Av. Jimenez No 8-89 Santafe de Bogota, DC COLOMBIA | Cititrust Colombia S.A. Sociedad Fiduciaria Santafe de Bogota |
CZECH REPUBLIC | Ceskoslovenska Obchodni Banka, A.S.; Na Prikoope 14 115 20 Praha 1 CZECH REPUBLIC | Ceskoslovenska Obchodni Banka, A.S. Praha |
DENMARK | Den Danske Bank 2 Holmens Kanala DK 1091 Copenhagen DENMARK | Den Danske Bak Copenhagen |
EUROBONDS | Cedel S.A. 67 Blvd Grande Duchesse Charlotte LUXEMBOURG A/c Chase Manhattan Bank, N.A. London | A/c No. 17817 ECU:Lloyds Bank PLC International Banking Dividion London For all other currencies: see relevant country |
EURO CDS | First Chicago Clearing Centre 27 Leadenhall Street London EC3A 1AA UK | ECU:Lloyds Bank PLC Banking Division London For all other currencies: see relevant country |
FINLAND | Kansallis-Osake-Pankki Aleksanterinkatu 42 00100 Helsinki 10 FINLAND | Kanasallis-Osake-Pankki |
FRANCE | Banque Paribas Ref 256 BP 141 3, Rue D'Antin 75078 Paris Cedex 02 FRANCE | Societe Generale Paris |
GERMANY | Chase Bank A.G. Alexanderstrasse 59 Postfach 90 01 09 60441 Frankfurt/Main GERMANY | Chase Bank A.G. Frankfurt |
GREECE | National Bank of Greece S.A. 38 Stadiou Street Athens GREECE | National Bank of Greece S.A. Athens A/c Chase Manhattan Bank, N.A., London A/c No. 040/7/921578-68 |
HONG KONG | The Chase Manhattan Bank,NA 40/F One Exchange Square 8, Connaught Place Central, Hong Kong HONG KONG | The Chase Manhattan Bank, N.A., Hong Kong |
HUNGARY | Citibank Budapest Rt. Vaci Utca 19-21 1052 Budapest V HUNGARY | Citibank Budapest Rt. Budapest |
INDIA | The Hongkong and Shanghai Banking Corporation Limited 52/60 Mahatma Gandhi Road Bombay 400 001 INDIA | The Hongkong and Shanghai Banking Corporation Limited, Bombay |
INDONESIA | The Hongkong and Shanghai Banking Corporation Limited World Trade Center J1. Jend Sudirman Kav. 29-31 Jakarta 10023 INDONESIA | The Chase Manhattan Bank, N.A., Jakarta |
IRELAND | Bank of Ireland International Financial Servic es Centre 1 Hargourmaster Place Dublin 1 IRELAND | Allied Irish Bank Dublin |
ISRAEL | Bank Leumi Le-Israel B.M. 19 Herzi Street 65136 Tel Aviv ISRAEL | Bank Leumi Le-Israel B.M., Tel Aviv |
ITALY | The Chase Manhattan Bank, N.A., Piazza Meda 1 20121 Milan ITALY | The Chase Manhattan Bank, N.A., Milan |
JAPAN | The Chase Manhattan Bank, N.A.,1-3 Marunouchi 1-Chome Chiyoda-Ku Tokyo 100 JAPAN | The Chase Manhattan Bank, N.A., Tokyo |
JORDAN | Arab Bank Limited P.O. Box 950544-5 Amman Shmeisani JORDAN | Arab Bank Limited Amman |
LUXEMBOURG | Banque Generale du Luxembourg S.A., 27 Avenue Monterey LUXEMBOURG | Banque Generale du Luxembourg S.A. Luxembourg |
MALAYSIA | The Chase Manhattan Bank, N.A., Pernas International Jalan Sultan Ismail 50250, Kuala Lumpur MALAYSIA | The Chase Manhattan Bank, N.A., Kuala Lumpur |
MEXICO (Government Bonds) | The Chase Manhattan Bank, N.A., Hamburgo 213, Piso 7 06660 Mexico D.F. MEXICO Banco Nacional de Mexico, Avenida Juarez No. 104-11 Piso 06040 Mexico D.F. MEXICO | No correspondent Bank (Equities) Banque Commerciale du Maroc Casablanca |
NETHERLANDS | ABN AMRO N.V. Securities Ce ntre P.O. Box 3200 4800 De Breda NETHERLANDS | Credit Lyonnais Bank Nederland N.V. Rotterdam |
NEW ZEALAND | National Nominees Limited Level 2 BNZ Tower 125 Queen Street Auckland NEW ZEALAND | National Bank of New Zealand Wellington |
NORWAY | Den Norske Bank Kirkegaten 21 Oslo 1 NORWAY | Den Norske Bank Oslo |
PAKISTAN | Citibank N.A. State Life Building No.1 I.I. Chundrigar Road Karachi PAKISTAN | Citibank N.A. Karachi |
PERU | Citibank, N.A. Camino Real 457 CC Torre Real - 5th Floor San Isidro, Lima 27 PERU | Citibank N.A. Lima |
PHILIPPINES | The Hongkong and Shanghai Banking Corporation Limited Hong Kong Bank Centre 3/F San Miguel Avenue Ortigas Commercial Centre Pasig Metro Manila PHILIPPINES | The Hongkong and Shaghai Banking Corporation Limited, Manila |
POLAND | Bank Polska Kasa Opieki S.A., 6/12 Nowy Swiat Str 00-920 Warsaw POLAND | Bank Potska Kasa Opieki S.A., Warsaw |
PORTUGAL | Banco Espirito Santo & Comercial de Lisboa Servico de Gestaode Titulos R. Mouzinho da Silvelra, 36 r/c, 1200 Lisbon PORTUGAL | Banco Pinto & Sotto Mayor Avenida Fontes Pereira de Melo 1000 Lisbon |
SHANGHAI (CHINA) | The Hongkong and Shanghai Banking Corporation Limited Shanghai Branch Corporate Banking Centre Unit 504, 5/F Shanghai Centre 1376 Hanjing Xi Lu Shanghai THE PEOPLE'S REPUBLIC OF CHINA | The Chase Manhattan Bank, N.A.,Hong Kong |
SCHENZHEN (CHINA) | The Hongkong and Shanghai Banking Corporation Limited 1st Floor Central Plaza Hotel No. 1 Chun Feng Lu Shenzhen THE PEOPLE'S REPUBLIC OF CHINA | The Chase Manhattan Bank, N.A., Hong Kong |
SINGAPORE | The Chase Manhattan Bank, N.A. Shell Tower 50 Raffles Place Singapore 0104 SINGAPORE | The Chase Manhattan Bank, N.A. Singapore |
SOUTH KOREA |
The Hongkong & Shanghai Banking Corporation Limited 6/F Kyobo Building #1 Chongro, 1-ka Chongro-Ku, Seoul SOUGH KOREA | The Hongkong & Shanghai Banking Corporation Limited, Seoul |
SPAIN | The Chase Manhattan Bank, N.A.,Calle Peonias 2 7th Floor La Piovera 28042 Madrid SPAIN | Banco Zaragozano, S.A. Madrid |
URUGUAY | The First National Bank of Boston Zabala 1463 Montevideo URUGUAY | The First National Bank of Boston Montevideo |
U.S.A | The Chase Manhattan Bank, N.A. 1 Chase Manhattan Plaza New York NY 10081 U.S.A. | The Chase Manhattan Bank, N.A. New York |
VENEZUELA | Citibank N.
A. Carmelitas a Altagracia Edificio Citibank Caracas 1010 VENEZUELA | Citibank N.A. Caracas |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
I. INVESTMENT COMPANIES/PORTFOLIOS REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940 | The Mutual Fund Rider is applicable to all Customers listed under Section I of this Schedule A. |
CUSTOMER | APPLICABLE RIDERS TO
GLOBAL CUSTODY AGREEMENT |
II. ACCOUNTS SUBJECT TO ERISA | The ERISA Rider is applicable to all Customers Under Section II of this Schedule A. |
III. OTHER RPFI International Partners, L.P. | No Riders are applicable to the Customer listed under Section III of this Schedule A. |
p>
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
I. INVESTMENT COMPANIES/PORTFOLIOS REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940 | The Mutual Fund Rider is<
/font> applicable to all Customers listed under Section I of this Schedule A. |
CUSTOMER | APPLICABLE RIDERS TO
GLOBAL CUSTODY AGREEMENT |
II. ACCOUNTS SUBJECT TO ERISA | The ERISA Rider is applicable to all Customers Under < font style="font-size:12.0pt;" face="Times New Roman" color="Black">Section II of this Schedule A. |
< /p>
III. OTHER RPFI International Partners, L.P. | No Riders are applicable to the Customer listed under Section III of this Schedule A. |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
I. INVESTMENT COMPANIES/PORTFOLIOS REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940 | The Mutual Fund Rider is<
/font> applicable to all Customers listed under Section I of this Schedule A. |
CUSTOMER | APPLICABLE RIDERS TO
GLOBAL CUSTODY AGREEMENT |
II. ACCOUNTS SUBJECT TO ERISA | The ERISA Rider is applicable to all Customers Under Section II of this Schedule A. |
III. OTHER RPFI International Partners, L.P. | No Riders are applicable to the Customer listed under Section III of this Schedule A. |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
I. INVESTMENT COMPANIES/PORTFOLIOS REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940 | The Mutual Fund Rider is<
/font> applicable to all Customers listed under Section I of this Schedule A. |
CUSTOMER | APPLICABLE RIDERS TO
GLOBAL CUSTODY AGREEMENT |
II. ACCOUNTS SUBJECT TO ERISA | The ERISA Rider is applicable to all Customers Under Section II of this Schedule A. |
III. OTHER RPFI International Partners, L.P. | No Riders are applicable to the Customer listed under Section III of this Schedule A. |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
I. INVESTMENT COMPANIES/PORTFOLIOS REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940 | The Mutual Fund Rider is<
/font> applicable to all Customers listed under Section I of this Schedule A. |
CUSTOMER | APPLICABLE RIDERS TO
GLOBAL CUSTODY AGREEMENT |
II. ACCOUNTS SUBJECT TO ERISA | The ERISA Rider is applicable to all Customers Under Section II of this Schedule A. |
III. OTHER RPFI International Partners, L.P. | No Riders are applicable to the Customer listed under Section III of this Schedule A. |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
I. INVESTMENT COMPANIES/PORTFOLIOS REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940 | The Mutual Fund Rider is<
/font> applicable to all Customers listed under Section I of this Schedule A. |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
II. ACCOUNTS SUBJECT TO ERISA | The ERISA Rider is applicable to all Customers Under Section II of this Schedule A. |
III. OTHER RPFI International Partners, L.P. | No Riders are applicable to the Customer listed under Section III of this Schedule A. |
for EACH CUSTOMER separately and individually | THE CHASE MANHATTAN BANK |
---|---|
/s/Henry H. Hopkins Henry H. Hopkins Vice President | /s/Helen C. Bairsto Helen C. Bairsto Vice President |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
I. INVESTMENT COMPANIES/PORTFOLIOS REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940 | The Mutual Fund Rider is applicable to all Customers listed under Section I of this Schedule A. |
CUSTOMER | APPLICABLE RIDERS TO
GLOBAL CUSTODY AGREEMENT |
CUSTOMER | APPLICABLE RIDERS TO
GLOBAL CUSTODY AGREEMENT |
II. ACCOUNTS SUBJECT TO ERISA | The ERISA Rider is applicable to all Customers Under Section II of this Schedule A. |
III. OTHER RPFI International Partners, L.P. | No Riders are applicable to the Customer listed under Section III of this Schedule A. |
EACH OF THE CUSTOMERS, INDIVIDUALLY AND SEPARATELY LISTED ON SECTION 1 OF SCHEDULE A HERETO | THE CHASE MANHATTAN BANK |
---|---|
By:/s/Henry H. Hopkins Henry H. Hopkins Vice President | By:/s/Helen C. Bairsto Helen C. Bairsto Vice President |
EACH OF THE CUSTOMERS, INDIVIDUALLY AND SEPARATELY LISTED ON SECTION 1 OF SCHEDULE A HERETO | THE CHASE MANHATTAN BANK |
---|---|
By:/s/Henry H. Hopkins Henry H. Hopkins Vice President | By:/s/Helen C. Bairsto Helen C. Bairsto Vice President |
p>
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
I. INVESTMENT COMPANIES/PORTFOLIOS REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940 | The Mutual Fund Rider is applicable to all Customers listed under Section I of this Schedule A. |
CUSTOMER | APPLICABLE RIDERS TO
GLOBAL CUSTODY AGREEMENT |
CUSTOMER | APPLICABLE RIDERS TO
GLOBAL CUSTODY AGREEMENT |
II. ACCOUNTS SUBJECT TO ERISA | The ERISA Rider is applicable to all Customers Under Section II of this Schedule A. |
III. OTHER RPFI International Partners, L.P. | No Riders are applicable to the Customer listed under Section III of this Schedule A. |
THE CHASE MANHATTAN BANK | EACH OF THE PARTIES LISTED ABOVE |
---|---|
By:/s/Helen C. Bairsto Helen C. Bairsto Vice President | By:/s/Henry H. Hopkins Henry H. Hopkins Vice President |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
I. INVESTMENT COMPANIES/PORTFOLIOS REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940 | The Mutual Fund Rider is applicable to all Customers listed under Section I of this Schedule A. |
T. Rowe Price Balanced Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Blue Chip Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Capital Appreciation Fund | Global Proxy Service Rider |
T. Rowe Price Capital Opportunity Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Diversified Small-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Dividend Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Equity Income Fund | Global Proxy Service Rider |
T. Rowe Price Equity Series, Inc. on behalf of: T. Rowe Price Equity Income Portfolio T. Rowe Price Mid-Cap Growth Portfolio T. Rowe Price New America Growth Portfolio T. Rowe Price Personal Strategy Balanced Portfolio | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Financial Services Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Growth & Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Growth Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Health Sciences Fund, Inc. | Global Proxy Service Rider |
Institutional Equity Funds, Inc. on behalf of: Mid-Cap Equity Growth Fund | Global Proxy Service Rider |
Institutional International Funds, Inc. on behalf of: Foreign Equity Fund | Russian Rider |
T. Rowe Price International Funds, Inc. on behalf of: T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price International Discovery Fund T. Rowe Price International Growth & Income Fund T. Rowe Price International Stock Fund T. Rowe Price Japan Fund T. Rowe Price Latin America Fund T. Rowe Price New Asia Fund | Russian Rider Russian Rider Russian Rider Russian Rider Russian Rider Russian Rider Russian Rider Russian Rider Russian Rider |
T. Rowe Price International Series, Inc. on behalf of: T. Rowe Price International Stock Portfolio | Russian Rider |
T. Rowe Price Media & Telecommunications Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New America Growth Fund | Global Proxy Service Rider |
T. Rowe Price New Era Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New Horizons Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Real Estate Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Science & Technology Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Value Fund, Inc. | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
T. Rowe Price Corporate Income Fund, Inc. | Global Proxy Ser
vice Rider |
T. Rowe Price High Yield Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Income Series, Inc. on behalf of: T. Rowe Price Limited-Term Bond Portfolio | Global Proxy Service Rider |
T. Rowe Price International Funds, Inc. on behalf of: T. Rowe Price Emerging Markets Bond Fund T. Rowe Price Global Bond Fund T. Rowe Price International Bond Fund | Russian Rider < /font>Russian Rider Russian Rider |
T. Rowe Price New Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Personal Strategy Funds, Inc. on behalf of: T. Rowe Price Personal Strategy Balanced Fund T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Short-Term Bond Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Short-Term U.S. Government Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Summit Funds, Inc. on behalf of: T. Rowe Price Summit Limited-Term Bo nd Fund | Global Proxy Service Rider |
T. Rowe Price Tax-Efficient Balanced Fund, Inc. | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
II. ACCOUNTS SUBJECT TO ERISA | The ERISA Rider is applicable to all Customers Under Section II of this Schedule A. |
New York City International Common Trust Fund | Global Proxy Service Rider |
III. OTHER RPFI International Partners, L.P. | Russian Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
I. INVESTMENT COMPANIES/PORTFOLIOS REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940 | The Mutual Fund Rider is applicable to all Customers listed under Section I of this Schedule A. |
T. Rowe Price Balanced Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Blue Chip Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Capital Appreciation Fund | Global Proxy Service Rider | <
/tr>
T. Rowe Price Capital Opportunity Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Diversified Small-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Dividend Growth Fund, Inc. | Global Proxy Service Rider
|
T. Rowe Price Equity Income Fund | Global Proxy Service Rider |
T. Rowe Price Equity Series, Inc. on behalf of: T. Rowe Price Equity Income Portfolio T. Rowe Price Mid-Cap Growth Portfolio T. Rowe Price New America Growth Portfolio T. Rowe Price Personal Strategy Balanced Portfolio | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Financial Services Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Growth & Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Growth Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Health Sciences Fund, Inc. | Global Proxy Service Rider |
Institutional Equity Funds, Inc. on behalf of: Mid-Cap Equity Growth Fund | Global Proxy Service Rider |
Institutional International Funds, Inc. on behalf of: Foreign Equity Fund | Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Funds, Inc. on behalf of: T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price International Discovery Fund T. Rowe Price International Growth & Income Fund T. Rowe Price International Stock Fund T. Rowe Price Japan Fund T. Rowe Price Latin America Fund T. Rowe Price New Asia Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Series, Inc. on behalf of: T. Rowe Price International Stock Portfolio | Global Proxy Service Rider and Russian Rider |
T. Rowe Price Media & Telecommunications Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Value Fund, Inc. | Global Proxy Service Rider |
Global Proxy Service Rider | |
T. Rowe Price New Era Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New Horizons Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Real Estate Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Science & Technology Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Value Fund, Inc. | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
T. Rowe Price Corporate Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price High Yield Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Income Series, Inc. on behalf of: T. Rowe Price Limited-Term Bond Portfolio | Global Proxy Service Rider |
T. Rowe Price International Funds, Inc. on behalf of: T. Rowe Price Emerging Markets Bond Fund T. Rowe Price Global Bond Fund T. Rowe Price International Bond Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider |
T. Rowe Price New Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Personal Strategy Funds, Inc. on behalf of: T. Rowe Price Personal Strategy Balanced Fund T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Short-Term Bond Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Short-Term U.S. Government Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Summit Funds, Inc. on behalf of: T. Rowe Price Summit Limited-Term Bond Fund | Global Proxy Service Rider |
T. Rowe Price Tax-Efficient Funds, Inc. on behalf of: T. Rowe Price Tax-Efficient Balanced Fund T. Rowe Price Tax-Efficient Growth Fund | Global Proxy Service Rider Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
II. ACCOUNTS SUBJECT TO ERISA | The ERISA Rider is applicable to all Customers Under Section II of this Schedule A. |
Emerging Markets Equity Trust | Global Proxy Service Rider |
European Discovery Trust | Global Proxy Service Rider |
Foreign Discovery Trust | Global Pro
xy Service Rider |
Foreign Discovery Trust - Augment | Global Proxy Service Rider |
Foreign Discovery Trust - B | Global Proxy Service Rider |
International Small-Cap Trust | Global Proxy Service Rider |
Japan Discovery Trust | Global Proxy Service Rider |
Latin America Discovery Trust | Global Proxy Service Rider |
Pacific Discovery Trust | Global Proxy Service Rider |
III. OTHER RPFI International Partners, L.P. | Global Proxy Service and Russian Rider |
< /p>
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
I. INVESTMENT COMPANIES/PORTFOLIOS REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940 | The Mutual Fund Rider is applicable to all Customers listed under Section I of this Schedule A. |
T. Rowe Price Balanced Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Blue Chip Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Capital Appreciation Fund | Global Proxy Service Rider | <
/tr>
T. Rowe Price Capital Opportunity Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Diversified Small-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Dividend Growth Fund, Inc. | Global Proxy Service Rider
|
T. Rowe Price Equity Income Fund | Global Proxy Service Rider |
T. Rowe Price Equity Series, Inc. on behalf of: T. Rowe Price Equity Income Portfolio T. Rowe Price Mid-Cap Growth Portfolio T. Rowe Price New America Growth Portfolio T. Rowe Price Personal Strategy Balanced Portfolio | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Financial Services Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Growth & Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Growth Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Health Sciences Fund, Inc. | Global Proxy Service Rider |
Institutional Equity Funds, Inc. on behalf of: Institutional Large-Cap Value Fund Institutional Small-Cap Stock Fund Mid-Cap Equity Growth Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
Institutional International Funds, Inc. on behalf of: Foreign Equity Fund | Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Funds, Inc. on behalf of: T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price International Discovery Fund T. Rowe Price International Growth & Income Fund T. Rowe Price International Stock Fund T. Rowe Price Japan Fund T . Rowe Price Latin America Fund T. Rowe Price New Asia Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Servi ce Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider | <
/tr>
T. Rowe Price International Series, Inc. on behalf of: T. Rowe Price International Stock Portfolio | Global Proxy Service Rider and Russian Rider |
T. Rowe Price Media & Telecommunications Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New America Growth Fund | Global Proxy Service Rider |
T. Rowe Price New Era Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New Horizons Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Real Estate Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Science & Technology Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Value Fund, Inc. | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
T. Rowe Price Corporate Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price High Yield Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Income Series, Inc. on behalf of: T. Rowe Price Limited-Term Bond Portfolio | Global Proxy Service Rider |
T. Rowe Price International Funds, Inc. on behalf of: T. Rowe Price Emerging Markets Bond Fund T. Rowe Price Global Bond Fund T. Rowe Price International Bond Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider |
T. Rowe Price New Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Personal Strategy Funds, Inc. on behalf of: T. Rowe Price Personal Strategy Balanced Fund T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Short-Term Bond Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Short-Term U.S. Government Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Summit Funds, Inc. on behalf of: T. Rowe Price Summit Limited-Term Bond Fund | Global Proxy Service Rider |
T. Rowe Price Tax-Efficient Funds, Inc. on behalf of: T. Rowe Price Tax-Efficient Balanced Fund T. Rowe Price Tax-Efficient Growth Fund | Global Proxy Service Rider Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
II. ACCOUNTS SUBJECT TO ERISA | The ERISA Rider is applicable to all Customers Under Section II of this Schedule A. |
Emerging Markets Equity Trust | Global Proxy Service Rider |
European Discovery Trust | Global Proxy Service Rider |
Foreign Discovery Trust | Global Pro
xy Service Rider |
Foreign Discovery Trust - Augment | Global Proxy Service Rider |
Foreign Discovery Trust - B | Global Proxy Service Rider |
International Small-Cap Trust | Global Proxy Service Rider |
Japan Discovery Trust | Global Proxy Service Rider |
Latin America Discovery Trust | Global Proxy Service Rider |
Pacific Discovery Trust | Global Proxy Service Rider |
III. OTHER RPFI International Partners, L.P. | Global Proxy Service and Russian Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
I. INVESTMENT COMPANIES/PORTFOLIOS REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940 | The Mut
ual Fund Rider is applicable to all Customers listed under Section I of this Schedule A. |
T. Rowe Price Balanced Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Blue Chip Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Capital Appreciation Fund | Global Proxy Service Rider |
T. Rowe Price Capital Opportunity Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Diversified Small-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Dividend Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Equity Income Fund | Global Proxy Service Rider |
T. Rowe Price Equity Series, Inc. on behalf of: T. Rowe Price Equity Income Portfolio T. Rowe Price Mid-Cap Growth Portfolio T. Rowe Price New America Growth Portfolio T. Rowe Price Personal Strategy Balanced Portfolio | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Financial Services Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Growth & Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Growth Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Health Sciences Fund, Inc. | Global Proxy Service Rider |
Institutional Equity Funds, Inc. on behalf of: Institutional Large-Cap Value Fund Institutional Small-Cap Stock Fund Mid-Cap Equity Growth Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
Institutional International Funds, Inc. on behalf of: Foreign Equity Fund | Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Funds, Inc. on behalf of: T. Rowe Price Emerging Europe & Mediterranean Fund T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price International Discovery Fund T. Rowe Price International Growth & Income Fund T. Rowe Price International Stock Fund T. Rowe Price Japan Fund T. Rowe Price Latin America Fund T. Rowe Price New Asia Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Series, Inc. on behalf of: T. Rowe Price International Stock Portfolio | Global Proxy Service Rider and Russian Rider |
T. Rowe Price Media & Telecommunications Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New America Growth Fund | Global Proxy Service Rider |
T. Rowe Price New Era Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New Horizons Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Real Estate Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Science & Technology Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Value Fund, Inc. | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
T. Rowe Price Corporate Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price High Yield Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Income Series, Inc. on behalf of: T. Rowe Price Limited-Term Bond Portfolio | Global Proxy Service Rider |
T. Rowe Price International Funds, Inc. on behalf of: T. Rowe Price Emerging Markets Bond Fund T. Rowe Price Global Bond Fund T. Rowe Price International Bond Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider |
T. Rowe Price New Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Personal Strategy Funds, Inc. on behalf of: T. Rowe Price Personal Strategy Balanced Fund T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Short-Term Bond Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Short-Term U.S. Government Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Summit Funds, Inc. on behalf of: T. Rowe Price Summit Limited-Term Bond Fund | Global Proxy Service Rider |
T. Rowe Price Tax-Efficient Funds, Inc. on behalf of: T. Rowe Price Tax-Efficient Balanced Fund T. Rowe Price Tax-Efficient Growth Fund | Global Proxy Service Rider Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
II. ACCOUNTS SUBJECT TO ERISA | The ERISA Rider is applicable to all Customers Under Section II of this Schedule A. |
Emerging Markets Equity Trust | Global Proxy Service Rider |
European Discovery Trust | Global Proxy Service Rider |
Foreign Discovery Trust | Global Pro
xy Service Rider |
Foreign Discovery Trust - Augment | Global Proxy Service Rider |
Foreign Discovery Trust - B | Global Proxy Service Rider |
International Small-Cap Trust | Global Proxy Service Rider |
Japan Discovery Trust | Global Proxy Service Rider |
Latin America Discovery Trust | Global Proxy Service Rider |
Pacific Discovery Trust | Global Proxy Service Rider |
III. OTHER RPFI International Partners, L.P. | Global Proxy Service and Russian Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
I. INVESTMENT COMPANIES/PORTFOLIOS REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940 | The Mutual Fund Rider is applicable to all Customers listed under Section I of this Schedule A. |
T. Rowe Price Balanced Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Blue Chip Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Capital Appreciation Fund | |
T. Rowe Price Capital Opportunity Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Developing Technologies Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Diversified Small-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Dividend Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Equity Income Fund | Global Proxy Service Rider |
T. Rowe Price Equity Series, Inc. on behalf of: T. Rowe Price Equity Income Portfolio T. Rowe Price Mid-Cap Growth Portfolio T. Rowe Price New America Growth Portfolio T. Rowe Price Personal Strategy Balanced Portfolio | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Financial Services Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Global Tech
nology Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Growth & Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Growth Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Health S
ciences Fund, Inc. | Global Proxy Service Rider |
Institutional Equity Funds, Inc. on behalf of: Institutional Large-Cap Value Fund Institutional Small-Cap Stock Fund Mid-Cap Equity Growth Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
Institutional International Funds, Inc. on behalf of: Foreign Equity Fund | Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Funds, Inc. on behalf of: T. Rowe Price Emerging Europe & Mediterranean Fund T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price International Discovery Fund T. Rowe Price International Growth & Income Fund T. Rowe Price International Stock Fund T. Rowe Price Japan Fund T. Rowe Price Latin America Fund T. Rowe Price New Asia Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Series, Inc. on behalf of: T. Rowe Price International Stock Portfolio | Global Proxy Service Rider and Russian Rider |
T. Rowe Price Media & Telecommunications Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New America Growth Fund | Global Proxy Service Rider |
T. Rowe Price New Era Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New Horizons Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Real Estate Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Science & Technology Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Value Fund, Inc. | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
T. Rowe Price Corporate Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price High Yield Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Income Series, Inc. on behalf of: T. Rowe Price Limited-Term Bond Portfolio | Global Proxy Service Rider |
T. Rowe Price International Funds, Inc. on behalf of: T. Rowe Price Emerging Markets Bond Fund T. Rowe Price Global Bond Fund T. Rowe Price International Bond Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider |
T. Rowe Price New Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Personal Strategy Funds, Inc. on behalf of: T. Rowe Price Personal Strategy Balanced Fund T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Short-Term Bond Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Short-Term U.S. Government Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Summit Funds, Inc. on behalf of: T. Rowe Price Summit Limited-Term Bond Fund | Global Proxy Service Rider |
T. Rowe Price Tax-Efficient Funds, Inc. on behalf of: T. Rowe Price Tax-Efficient Balanced Fund T. Rowe Price Tax-Efficient Growth Fund | Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price U.S. Bond Index Fund, Inc. | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
II. ACCOUNTS SUBJECT TO ERISA | The ERISA Rider is applicable to all Customers Under Section II of this Schedule A. |
Emerging Markets Equity Trust | Global Proxy Service Rider |
European Discovery Trust | Global Proxy Service Rider |
Foreign Discovery Trust | Global Pro
xy Service Rider |
Foreign Discovery Trust - Augment | Global Proxy Service Rider |
Foreign Discovery Trust - B | Global Proxy Service Rider |
India Trust | Global Proxy Service Rider |
International Small-Cap Trust | Global Proxy Service Rider |
Japan Discovery Trust | Global Proxy Service Rider |
Latin America Discovery Trust | Global Proxy Service Rider |
Pacific Discovery Trust | Global Proxy Service Rider |
Taiwan Trust | Global Proxy Service Rider |
III. OTHER RPFI International Partners, L.P. | Global Proxy Service and Russian Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
I. INVESTMENT COMPANIES/PORTFOLIOS REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940 | The Mutual Fund Rider is applicable to all Customers listed under Section I of this Schedule A. |
T. Rowe Price Balanced Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Blue Chip Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Capital Appreciation Fund | Global Proxy Service Rider |
T. Rowe Price Capital Opportunity Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Developing Technologies Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Diversified Small-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Dividend Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Equity Income Fund | Global Proxy Service Rider |
T. Rowe Price Equity Series, Inc. on behalf of: T. Rowe Price Blue Chip Growth Portfolio T. Rowe Price Equity Income Portfolio T. Rowe Price Health Sciences Portfolio T. Rowe Price Mid-Cap Growth Portfolio T. Rowe Price New America Growth Portfolio< br> T. Rowe Price Personal Strategy Balanced Portfolio | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Financial Services Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Global Technology Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Growth & Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Growth Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Health Sciences Fund, Inc. | Global Proxy Service Rider |
Institutional Equity Funds, Inc. on behalf of: Institutional Large-Cap Value Fund Institutional Small-Cap Stock Fund Mid-Cap Equity Growth Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
Institutional International Funds, Inc. on behalf of: Foreign Equity Fund | Global Proxy Service Rider and Russian Rider |
T. Rowe Price Internation
al Funds, Inc. on behalf of: T. Rowe Price Emerging Europe & Mediterranean Fund T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price International Discovery Fund T. Rowe Price International Stock Fund T. Rowe Price Japan Fund T. Rowe Price Latin America Fund T. Rowe Price New Asia Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Inde
x Fund, Inc. on behalf of: T. Rowe Price International Equity Index Fund | Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Series, Inc. on behalf of: T. Rowe Price International Stock Portfolio | Global Proxy Service Rider and Russian Rider |
T. Rowe Price Media & Telecommunications Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New America Growth Fund | Global Proxy Service Rider |
T. Rowe Price New Era Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New Horizons Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Real Estate Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Science & Technology Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Value Fund, Inc. | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
T. Rowe Price Corporate Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price High Yield Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Income Series, Inc. on behalf of: T. Rowe Price Limited-Term Bond Portfolio | Global Proxy Service Rider |
T. Rowe Price International Funds, Inc. on behalf of: T. Rowe Price Emerging Markets Bond Fund T. Rowe Price International Bond Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider |
T. Rowe Price New Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Personal Strategy Funds, Inc. on behalf of: T. Rowe Price Personal Strategy Balanced Fund T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Pric
e Short-Term Bond Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Tax-Efficient Funds, Inc. on behalf of: T. Rowe Price Tax-Efficient Balanced Fund T. Rowe Price Tax-Efficient Growth Fund T. Rowe Price Tax-Efficient Multi-Cap Growth Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price U.S. Bond Index Fund, Inc. | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
II. ACCOUNTS SUBJECT TO ERISA | The ERISA Rider is applicable to all Customers Under Section II of this Schedule A. |
Emerging Markets Equity Trust | Global Proxy Service Rider |
Foreign Discovery Trust | Global Proxy Service Rider |
Foreign Discovery Trust - B | Global
Proxy Service Rider |
India Trust | Global Proxy Service Rider |
International Small-Cap Trust | Global Proxy Service Rider |
Japan Discovery Trust | Global Proxy Service Rider |
Taiwan Trust | Global Proxy Service Rider |
[Each of the severally and not jointly, set forth on Appendix 2 [Customer] | THE CHASE MANHATTAN BANK |
---|---|
/s/Henry H. Hopkins By:________________________ Name: Henry H. Hopkins Title:Vice President Date: 4/26/01 | /s/Paul D. Hopkins By:_____________________ Name: Paul D. Hopkins Title: Vice President Date: 5/15/01 |
p>
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
I. INVESTMENT COMPANIES/PORTFOLIOS REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940 | The Mutual Fund Rider is applicable to all Customers listed under Section I of this Schedule A. |
T. Rowe Price Balanced Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Blue Chip Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Capital Appreciation Fund | Global Proxy Service Rider |
T. Rowe Price Capital Opportunity Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Developing Technologies Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Diversified Small-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Dividend Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Equity Income Fund | Global Proxy Service Rider |
T. Rowe Price Equity Series, Inc. on behalf of: T. Rowe Price Blue Chip Growth Portfolio T. Rowe Price Equity Income Portfolio T. Rowe Price Health Sciences Portfolio T. Rowe Price Mid-Cap Growth Portfolio T. Rowe Price New America Growth Portfolio T. Rowe Price Personal Strategy Balanced Portfolio | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Financial Services Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Global Technology Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Growth & Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Growth Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Health Sciences Fund, Inc. | Global Proxy Service Rider |
Institutional Equity Funds, Inc. on behalf of: Institutional Large-Cap Growth Fund Institutional Large-Cap Value Fund Institutional Small-Cap Stock Fund Mid-Cap Equity Growth Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
Institutional International Funds, Inc. on behalf of: Foreign Equity Fund | Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Funds, Inc. on behalf of: T. Rowe Price Emerging Europe & Mediterranean Fund T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price International Discovery Fund T. Rowe Price International Growth & Income Fund T. Rowe Price International Stock Fund T. Rowe Price Japan Fund T. Ro we Price Latin America Fund T. Rowe Price New Asia Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service R ider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Index Fund, Inc. on behalf of: T. Rowe Price International Equity Index Fund | Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Serie
s, Inc. on behalf of: T. Rowe Price International Stock Portfolio | Global Proxy Service Rider and Russian Rider |
T. Rowe Price Media & Telecommunications Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Growth Fund, Inc.< br> | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New America Growth Fund | Global Proxy Service Rider |
T. Rowe Price New Era Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New Horizons Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Real Estate Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Science & Technology Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Corporate Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price High Yield Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Income Series, Inc. on behalf of: T. Rowe Price Limited-Term Bond Portfolio | Global Proxy Service Rider |
T. Rowe Price International Funds, Inc. on behalf of: T. Rowe Price Emerging Markets Bond Fund T. Rowe Price International Bond Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider |
T. Rowe Price New Income Fund, Inc. | Globa
l Proxy Service Rider |
T. Rowe Price Personal Strategy Funds, Inc. on behalf of: T. Rowe Price Personal Strategy Balanced Fund T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Short-Term Bond Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Tax-Efficient Funds, Inc. on behalf of: T. Rowe Price Tax-Efficient Balanced Fund T. Rowe Price Tax-Efficient Growth Fund T. Rowe Price Tax-Efficient Multi-Cap Growth Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price U.S. Bond Index Fund, Inc. | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
II. ACCOUNTS SUBJECT TO ERISA | The ERISA Rider is applicable to all Customers Under Section II of this Schedule A. |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CU STODY AGREEMENT |
I. INVESTMENT COMPANIES/PORTFOLIOS REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940 | The Mutual Fund Rider is applicable to all Customers listed under Section I of this Schedule A. |
T. Rowe Price Balanced Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Blue Chip Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Capital Appreciation Fund | Global Proxy Service Rider |
T. Rowe Price Capital Opportunity Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Developing Technologies Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Diversified Small-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Dividend Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Equity Income Fund | Global Proxy Service Rider |
T. Rowe Price Equity Series, Inc. on behalf of: T. Rowe Price Blue Chip Growth Portfolio T. Rowe Price Equity Income Portfolio T. Rowe Price Health Sciences Portfolio T. Rowe Price Mid-Cap Growth Portfolio T. Rowe Price New America Growth Portfolio T. Rowe Price Personal Strategy Balanced Portfolio | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Servi ce Rider |
T. Rowe Price Financial Services Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Global Technology Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Growth & Income Fund, Inc. | Global Pr
oxy Service Rider |
T. Rowe Price Growth Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Health Sciences Fund, Inc. | Global Proxy Service Rider |
Institutional Equity Funds, Inc. on behalf of: Institutional Large-Cap Growth Fund Institutional Large-Cap Value Fund Institutional Small-Cap Stock Fund Mid-Cap Equity Growth Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
Institutional International Funds, Inc. on behalf of: Foreign Equity Fund | Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Funds, Inc. on behalf of: T. Rowe Price Emerging Europe & Mediterranean Fund T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price International Discovery Fund T. Rowe Price International Growth & Income Fund T. Rowe Price International Stock Fund T. Rowe Price Japan Fund T. Rowe Price Latin America Fund T. Rowe Price New Asia Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Ru ssian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Index Fund, Inc. on behalf of: T. Rowe Price International Equity Index Fund | Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Series, Inc. on behalf of: T. Rowe Price International S tock Portfolio | Global Proxy Service Rider and Russian Rider |
T. Rowe Price Media & Telecommunications Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New America Growth Fund | Global Proxy Service Rider |
T. Rowe Price New Era Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New Horizons Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Real Estate Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Science & Technology Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Value Fund, Inc. | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
T. Rowe Price Corporate Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price High Yield Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Income Series, Inc. on behalf of: T. Rowe Price Limited-Term Bond Portfolio | Global Proxy Service Rider |
T. Rowe Price Institutional Income Funds, Inc., on behalf of: T. Rowe Price Institutional High Yield Fund | Global Proxy Service Rider |
T. Rowe Price International Funds, Inc. on behalf of: T. Rowe Price Emerging Markets Bond Fund T. Rowe Price International Bond Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider |
T. Rowe Price New Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Persona
l Strategy Funds, Inc. on behalf of: T. Rowe Price Personal Strategy Balanced Fund T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund | Global Proxy Service Rider Global Pro xy Service Rider Global Proxy Service Rider |
T. Rowe Price Short-Term Bond Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Tax-Efficient Funds, Inc. on behalf of: T. Rowe Price Tax-Efficient Balanced Fund T. Rowe Price Tax-Efficient Growth Fund T. Rowe Price Tax-Efficient Multi-Cap Growth Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price U.S. Bond Index Fund, Inc. | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
II. ACCOUNTS SUBJECT TO ERISA | The ERISA Rider is applicable to all Customers Under Section II of this Schedule A. |
Emerging Markets Equity Trust | Global Proxy Service Rider |
Foreign Discovery Trust | Global Proxy Service Rider |
Foreign Discovery Trust - B | Global Proxy Service Rider |
India Trust | Global Proxy Service Rider |
International Small-Cap Trust | Global Proxy Service Rider |
Japan Discovery Trust | Global Proxy Service Rider |
Taiwan Trust | Global Proxy Service Rider |
< /p>
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUST ODY AGREEMENT |
I. INVESTMENT COMPANIES/PORTFOLIOS REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940 | The Mutual Fund Rider is applicable to all Customers listed under Section I of this Schedule A. |
T. Rowe Price Balanced Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Blue Chip Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Capital Appreciation Fund | Global Proxy Service Rider |
T. Rowe Price Capital Opportunity Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Developing Technologies Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Diversified Small-Cap Growth Fund, Inc. | Global Proxy Service Rider |
Global Proxy Service Rider | |
T. Rowe Price Equity Income Fund | Global Proxy Service Rider |
T. Rowe Price Equity Series, Inc. on behalf of: T. Rowe Price Blue Chip Growth Portfolio T. Rowe Price Equity Income Portfolio T. Rowe Price Health Sciences Portfolio T. Rowe Price Mid-Cap Growth Portfolio T. Rowe Price New America Growth Portfolio T. Rowe Price Personal Strategy Balanced Portfolio | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Pro xy Service Rider |
T. Rowe Price Financial Services Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Global Technology Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Growth & Income Fund, Inc. | G
lobal Proxy Service Rider |
T. Rowe Price Growth Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Health Sciences Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Institutional Equity Funds, Inc. on behalf of: T. Rowe Price Institutional Large-Cap Growth Fund T. Rowe Price Institutional Large-Cap Value Fund T. Rowe Price Institutional Small-Cap Stock Fund T. Rowe Price Mid-Cap Equity Growth Fund | Global Proxy Service Rider < font style="font-size:10.0pt;" face="Berkeley Book" color="Black">Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Institutional International Funds, Inc. on behalf of: T. Rowe Price Institutional Emerging Markets Fund T. Rowe Price Institutional Foreign Equity Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Funds, Inc. on behalf of: < font style="font-size:10.0pt;" face="Berkeley Book" color="Black"> T. Rowe Price Emerging Europe & Mediterranean Fund T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price International Discovery Fund T. Rowe Price International Growth & Inc ome Fund T. Rowe Price International Stock Fund T. Rowe Price Japan Fund T. Rowe Price Latin America Fund T. Rowe Price New Asia Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Index Fund, Inc. on behalf of: | Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Series, Inc. on behalf of: T. Rowe Price International Stock Portfolio | Global Proxy Service Rider and Russian Rider td> |
T. Rowe Price Media & Telecommunications Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Value Fund, Inc. | Global Proxy Service Rider<
/font> |
T. Rowe Price New America Growth Fund | Global Proxy Service Rider |
T. Rowe Price New Era Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New Horizons Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Real Estate Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Science & Technology Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Value Fund, Inc. | Global Proxy Service Rider |
p>
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
T. Rowe Price Corporate Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price High Yield Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Income Series, Inc. on behalf of: T. Rowe Price Limited-Term Bond Portfolio | Global Proxy Service Rider |
T. Rowe Price Inflation Protected Bond Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Institutional Income Funds, Inc., on behalf of: T. Rowe Price Institutional High Yield Fund | Global Proxy Service Rider |
T. Rowe Price Interna
tional Funds, Inc. on behalf of: T. Rowe Price Emerging Markets Bond Fund T. Rowe Price International Bond Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider |
T. Rowe
Price New Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Personal Strategy Funds, Inc. on behalf of: T. Rowe Price Personal Strategy Balanced Fund T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Short-Term Bond Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Tax-Efficient Funds, Inc. on behalf of: T. Rowe Price Tax-Efficient Balanced Fund T. Rowe Price Tax-Efficient Growth Fund T. Rowe Price Tax-Efficient Multi-Cap Growth Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price U.S. Bond Index Fund, Inc. | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
II. ACCOUNTS SUBJECT TO ERISA | The ERISA Rider is applicable to all Customers Under Section II of this Schedule A. |
Emerging Markets Equity Trust | Global Proxy Service Rider |
Foreign Discovery Trust | Global Proxy Service Rider |
Foreign Discovery Trust - B | Global Proxy Service Rider |
Ind
ia Trust | Global Proxy Service Rider |
International Small-Cap Trust | Global Proxy Service Rider |
Japan Discovery Trust | Global Proxy Service Rider |
Taiwan Trust | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUST ODY AGREEMENT |
I. INVESTMENT COMPANIES/PORTFOLIOS REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940 | The Mutual Fund Rider is applicable to all Customers listed under Section I of this Schedule A. |
T. Rowe Price Balanced Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Blue Chip Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Capital Appreciation Fund | Global Proxy Service Rider |
T. Rowe Price Capital Opportunity Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Developing Technologies Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Diversified Small-Cap Growth Fund, Inc. | Global Proxy Service Rider |
Global Proxy Service Rider | |
T. Rowe Price Equity Income Fund | Global Proxy Service Rider |
T. Rowe Price Equity Series, Inc. on behalf of: T. Rowe Price Blue Chip Growth Portfolio T. Rowe Price Equity Income Portfolio T. Rowe Price Health Sciences Portfolio T. Rowe Price Mid-Cap Growth Portfolio T. Rowe Price New America Growth Portfolio T. Rowe Price Personal Strategy Balanced Portfolio | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Pro xy Service Rider |
T. Rowe Price Financial Services Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Global Technology Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Growth & Income Fund, Inc. | G
lobal Proxy Service Rider |
T. Rowe Price Growth Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Health Sciences Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Institutional Equity Funds, Inc. on behalf of: T. Rowe Price Institutional Large-Cap Core Growth Fund T. Rowe Price Institutional Large-Cap Growth Fund T. Rowe Price Institutional Large-Cap Value Fund T. Rowe Price Institutional Small-Cap Stock Fund T. Rowe Price Mid-Cap Equity Growth Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Institutional International Funds, Inc. on behalf of: T. Rowe Price Institutional Emerging Markets Fund T. Rowe Price Institutional Foreign Equity Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Funds, Inc. on behalf of: T. Rowe Price Emerging Europe & Mediterranean Fund T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price International Discovery Fund T. Rowe Price International Growth & Income Fund T. Rowe Price International Stock Fund T. Rowe Price Japan Fund T. Rowe Price Latin America Fund T. Rowe Price New Asia Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Index Fund, Inc. on behalf of: T. Rowe Price International Equity Index Fund | Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Series, Inc. on behalf of: T. Rowe Price International Stock Portfolio | Global Proxy Service Rider and Russian Rider |
T. Rowe Price Media & Telecommunications Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New America Growth Fund | Global Proxy Service Rider |
T. Rowe Price New Era Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New Horizons Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Real Estate Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Science & Technology Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Value Fund, Inc. | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
T. Rowe Price Corporate Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price High Yield Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Income Series, Inc. on behalf of: T. Rowe Price Limited-Term Bond Portfolio | Global Proxy Service Rider |
T. Rowe Price Inflation Protected Bond Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Institutional Income Funds, Inc., on behalf of: T. Rowe Price Institutional High Yield Fund | Global Proxy Service Rider |
T. Rowe Price Interna
tional Funds, Inc. on behalf of: T. Rowe Price Emerging Markets Bond Fund T. Rowe Price International Bond Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider |
T. Rowe
Price New Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Personal Strategy Funds, Inc. on behalf of: T. Rowe Price Personal Strategy Balanced Fund T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Short-Term Bond Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Tax-Efficient Funds, Inc. on behalf of: T. Rowe Price Tax-Efficient Balanced Fund T. Rowe Price Tax-Efficient Growth Fund T. Rowe Price Tax-Efficient Multi-Cap Growth Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price U.S. Bond Index Fund, Inc. | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
II. ACCOUNTS SUBJECT TO ERISA | The ERISA Rider is applicable to all Customers Under Section II of this Schedule A. |
Emerging Markets Equity Trust | Global Proxy Service Rider |
Foreign Discovery Trust | Global Proxy Service Rider |
Foreign Discovery Trust - B | Global Proxy Service Rider |
Ind
ia Trust | Global Proxy Service Rider |
International Small-Cap Trust | Global Proxy Service Rider |
Japan Discovery Trust | Global Proxy Service Rider |
Taiwan Trust | Global Proxy Service Rider |
CUSTOMER | A
PPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
I. INVESTMENT COMPANIES/PORTFOLIOS REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940 | The Mutual Fund Rider is applicable to all Customers listed under Section I of this Schedule A. |
T. Rowe Price Balanced Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Blue Chip Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Capital Appreciation Fund | Global Proxy Service Rider |
T. Rowe Price Capital Opportunity Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Developing Technologies Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. | |
T. Rowe Price Diversified Small-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Dividend Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Equity Income Fund | Global Proxy Service Rider |
T. Rowe Price Equity Series, Inc. on behalf of: T. Rowe Price Blue Chip Growth Portfolio T. Rowe Price Equity Income Portfolio T. Rowe Price Health Sciences Portfolio T. Rowe Price Mid-Cap Growth Portfolio T. Rowe Price New America Growth Portfolio T. Rowe Price Personal Strategy Balanced Portfolio | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Financial Services Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Global Technology Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Growth & Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Growth Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Health Sciences Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Institutional Equity Funds, Inc. on behalf of: T. Rowe Price Institutional Large-Cap Core Growth Fund T. Rowe Price Institutional Large-Cap Growth Fund T. Rowe Price Institutional Large-Cap Value Fund T. Rowe Price Institutional Small-Cap Stock Fund T. Rowe Price Mid-Cap Equity Growth Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Institutional International Funds, Inc. on behalf of: T. Rowe Price Institutional Emerging Markets Fund T. Rowe Price Institutional Foreign Equity Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider |
T
. Rowe Price International Funds, Inc. on behalf of: T. Rowe Price Emerging Europe & Mediterranean Fund T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price International Discovery Fund T. Rowe Price International Growth & Income Fund T. Rowe Price International Stock Fund T. Rowe Price Japan Fund T. Rowe Price Latin America Fund T. Rowe Price New Asia Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider |
T. Rowe
Price International Index Fund, Inc. on behalf of: T. Rowe Price International Equity Index Fund | Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Series, Inc. on behalf of: T. Rowe Price International Stock Portfolio | Global Proxy Service Rider and Russian Rider |
T. Rowe Price Media & Telecommunications Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Value Fund, Inc.< br> | Global Proxy Service Rider |
T. Rowe Price New America Growth Fund | Global Proxy Service Rider |
T. Rowe Price New Era Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New Horizons Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Real Estate Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Science & Technology Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Stock Fund, Inc. | <
td style="text-indent:0.02";">Global Proxy Service Rider|
T. Rowe Price Small-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Value Fund, Inc. | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
T. Rowe Price Corporate Income Fund, Inc. | |
T. Rowe Price High Yield Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Income Series, Inc. on behalf of: T. Rowe Price Limited-Term Bond Portfolio | Global Proxy Service Rider |
T. Rowe Price Inflation Protected Bond Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Institutional Income Funds, Inc., on behalf of: T. Rowe Price Institutional High Yield Fund | Global Proxy Service Rider |
T. Rowe Price International Funds, Inc. on behalf of: T. Rowe Price Emerging Markets Bond Fund T. Rowe Price International Bond Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russ ian Rider |
T. Rowe Price New Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Personal Strategy Funds, Inc. on behalf of: T. Rowe Price Personal Strategy Balanced Fund T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Short-Term Bond Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Tax-Efficient Funds, Inc. on behalf of: T. Rowe Price Tax-Efficient Balanced Fund T. Rowe Price Tax-Efficient Growth Fund T. Rowe Price Tax-Efficient Multi-Cap Growth Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price U.S. Bond Index Fund, Inc. | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
II. ACCOUNTS SUBJECT TO ERISA | The ERISA Rider is applicable to all Customers Under Section II of this Schedule A. |
Emerging Markets Equity Trust | Global Proxy Service Rider |
Foreign Discovery Trust | Global Proxy Service Rider |
Foreign Discovery Trust - B | Global Proxy Service Rider |
India Trust | Global Proxy Service Rider |
International Small-Cap Trust | Global Proxy Service Rider |
Japan Discovery Trust | Global Proxy Service Rider |
Taiwan Trust | Global Proxy Service Rider |
CUSTOMER | A
PPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
I. INVESTMENT COMPANIES/PORTFOLIOS REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940 | The Mutual Fund Rider is applicable to all Customers listed under Section I of this Schedule A. |
T. Rowe Price Balanced Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Blue Chip Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Capital Appreciation Fund | Global Proxy Service Rider |
T. Rowe Price Capital Opportunity Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Developing Technologies Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. | |
T. Rowe Price Diversified Small-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Dividend Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Equity Income Fund | Global Proxy Service Rider |
T. Rowe Price Equity Series, Inc. on behalf of: T. Rowe Price Blue Chip Growth Portfolio T. Rowe Price Equity Income Portfolio T. Rowe Price Health Sciences Portfolio T. Rowe Price Mid-Cap Growth Portfolio T. Rowe Price New America Growth Portfolio T. Rowe Price Personal Strategy Balanced Portfolio | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Financial Services Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Global Technology Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Growth & Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Growth Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Health Sciences Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Institutional Equity Funds, Inc. on behalf of: T. Rowe Price Institutional Large-Cap Core Growth Fund T. Rowe Price Institutional Large-Cap Growth Fund T. Rowe Price Institutional Large-Cap Value Fund T. Rowe Price Institutional Small-Cap Stock Fund T. Rowe Price Mid-Cap Equity Growth Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Institutional International Funds, Inc. on behalf of: T. Rowe Price Institutional Emerging Markets Fund T. Rowe Price Institutional Foreign Equity Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Funds, Inc. on behalf of: T. Rowe Price Emerging Europe & Mediterranean Fund T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price International Discovery Fund T. Rowe Price International Growth & Income Fund T. Rowe Price International Stock Fund T. Rowe Price Japan Fund T. Rowe Price Latin America Fund T. Rowe Price New Asia Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Index Fund, Inc. on behalf of: T. Rowe Price International Equity Index Fund | Global Proxy Service Rider and Russian Rider |
T. Rowe Price International Series, Inc. on behalf of: T. Rowe Price International Stock Portfolio | Global Proxy Service Rider and Russian Rider |
T. Rowe Price Media & Telecommunications Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New America Growth Fund | Global Proxy Service Rider |
T. Rowe Price New Era Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New Horizons Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Real Estate Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Science & Technology Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Value Fund, Inc. | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
T. Rowe Price Corporate Income Fund, Inc. | |
T. Rowe Price High Yield Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Income Series, Inc. on behalf of: T. Rowe Price Limited-Term Bond Portfolio | Global Proxy Service Rider |
T. Rowe Price Inflation Protected Bond Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Institutional Income Funds, Inc., on behalf of: T. Rowe Price Institutional Core Plus Fund T. Rowe Price Institutional High Yield Fund | Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price International Funds, Inc. on behalf of: T. Rowe Price Emerging Markets Bond Fund T. Rowe Price International Bond Fund | Global Proxy Service Rider and Russian Rider Global Proxy Service Rider and Russian Rider |
T. Rowe Price New Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Personal Strategy Funds, Inc. on behalf of: T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Short-Term Bond Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Tax-Efficient Funds, Inc. on behalf of: T. Rowe Price Tax-Efficient Balanced Fund T. Rowe Price Tax-Efficient Growth Fund T. Rowe Price Tax-Efficient Multi-Cap Growth Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price U.S. Bond Index Fund, Inc. | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
II. ACCOUNTS SUBJECT TO ERISA | The ERISA Rider is applicable to al l Customers Under Section II of this Schedule A. |
Emerging Markets Equity Trust | Global Proxy Service Rider |
Foreign Discovery Trust | Global Proxy Service Rider |
Foreign Discovery Trust - B | Global Proxy Service Rider |
India Trust | Global Proxy Service Rider |
International Small-Cap Trust | Global Proxy Service Rider |
Japan Discovery Trust | Global Proxy Service Rider |
Taiwan Trust | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
I. INVESTMENT COMPANIES/PORTFOLIOS REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940 | The Mutual Fund Rider is applicable to all Customers listed under Section I of this Schedule A. |
T. Rowe Price Balanced Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Blue Chip Growth Fund, Inc. | Global Proxy Service and Russian Rider |
T. Rowe Price Capital Appreciation Fund | Global Proxy Service Rider |
T. Rowe Price Capital Opportunity Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Developing Technologies Fund, Inc. | Global Proxy Service and Russian Rider |
T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Diversified Small-Cap Growth Fund, Inc. | Global Proxy Servic
e Rider |
T. Rowe Price Dividend Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Equity Income Fund | Global Proxy Service Rider |
T. Rowe Price Equity Series, Inc. on behalf of: T. Rowe Price Blue Chip Growth Portfolio T. Rowe Price Equity Income Portfolio T. Rowe Price Health Sciences Portfolio T. Rowe Price Mid-Cap Growth Portfolio T. Rowe Price New America Growth Portfolio T. Rowe Price Personal S trategy Balanced Portfolio | Global Proxy Service and Russian Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Financial Services Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Global Technology Fund, Inc. | Global Proxy Service and Russian Rider |
T. Rowe Price Growth & Income Fund,
Inc. | Global Proxy Service Rider |
T. Rowe Price Growth Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Health Sciences Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Institutional Equity Fund
s, Inc. on behalf of: T. Rowe Price Institutional Large-Cap Core Growth Fund T. Rowe Price Institutional Large-Cap Growth Fund T. Rowe Price Institutional Large-Cap Value Fund T. Rowe Price Institutional Small-Cap Stock Fund T. Rowe Price Mid-Cap Equity Growth Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Institutional International Funds, Inc. on behalf of: T. Rowe Price Institutional Emerging Markets Fund T. Rowe Price Institutional Foreign Equity Fund | Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider |
T. Rowe Price International Funds, Inc. on behalf of: T. Rowe Price Emerging Europe & Mediterranean Fund T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price International Discovery Fund T. Rowe Price International Growth & Income Fund T. Rowe Price International Stock Fund T. Row e Price Japan Fund T. Rowe Price Latin America Fund T. Rowe Price New Asia Fund | Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider |
T. Rowe Price International Index Fund, Inc. on behalf of: T. Rowe Price International Equity Index Fund | Global Proxy Service and Russian Rider |
T. Rowe Price International Series, Inc. on behalf of: T. Rowe Price International Stock Portfolio | Global Proxy Service and Russian Rider |
T. Rowe Price Media & Telecommunications Fund, Inc. | Global Proxy Service and Russian Rider |
T. Rowe Price Mid-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New America Growth Fund | Global Proxy Service Rider |
T. Rowe Price New Era Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New Horizons Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Real Estate Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Science & Technology Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Value Fund, Inc. | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
T. Rowe Price Corporate Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price High Yield Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Income Series, Inc. on behalf of: T. Rowe Price Limited-Term Bond Portfolio | Global Proxy Service Rider |
T. Rowe Price Inflation Protected Bond Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Institutional Income Funds, Inc., on behalf of: T. Rowe Price Institutional Core Plus Fund T. Rowe Price Institutional High Yield Fund | Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price International Funds, Inc. on behalf of: T. Rowe Price Emerging Markets Bond Fund T. Rowe Price International Bond Fund | Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider |
T. Rowe Price New Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Personal Strategy Funds, Inc. on behalf o
f: T. Rowe Price Personal Strategy Balanced Fund T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Short-Term Bond Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Tax-Efficient Funds, Inc. on behalf of: T. Rowe Price Tax-Efficient Balanced Fund T. Rowe Price Tax-Efficient Growth Fund T. Rowe Price Tax-Efficient Multi-Cap Growth Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T
. Rowe Price U.S. Bond Index Fund, Inc. | Global Proxy Service Rider |
II. ACCOUNTS SUBJECT TO ERISA | The ERISA Rider is applicable to all Customers Under Section II of this Schedule A. |
Emerging Markets Equity Trust | Global Proxy Service Rider |
Foreign Discovery Trust | Glob
al Proxy Service Rider |
Foreign Discovery Trust - B | Global Proxy Service Rider |
India Trust | Global Proxy Service Rider |
International Small-Cap Trust | Global Proxy Service Rider |
Japan Discovery Trust | Global Proxy Service Rider |
Taiwan Trust | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
I. INVESTMENT COMPANIES/PORTFOLIOS REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940 | The Mutual Fund Rider is applicable to all Customers listed under Section I of this Schedule A. |
T. Rowe Price Balanced Fund, Inc. | Global Proxy Service and Russian Rider |
T. Rowe Price Blue Chip Growth Fund, Inc. | Global Proxy Service and Russian Rider |
T. Rowe Price Capital Appreciation Fund | Global Proxy Service Rider |
T. Rowe Price Capital Opportunity Fund, Inc. | Global Proxy Service Rider< br> |
T. Rowe Price Developing Technologies Fund, Inc. | Global Proxy Service and Russian Rider |
T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Diversified Small-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Dividend Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Equity Income Fund | Global Proxy Service Rider |
T. Rowe Price Equity Series, Inc. on behalf of: T. Rowe Price Blue Chip Growth Portfolio T. Rowe Price Equity Income Portfolio T. Rowe Price Health Sciences Portfolio T. Rowe Price Mid-Cap Growth Portfolio T. Rowe Price New America Growth Portfolio T. Rowe Price Personal Strategy Balanced Portfolio | Global Proxy Service and Russian Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service and Russian Rider |
T. Rowe Price Financial Services Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Global Technology Fund, Inc. | Global Proxy Service and Russian Rider |
T. Rowe Price Growth & Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Growth Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Health Sciences Fund, Inc. | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
T. Rowe Price Institutional Equity Funds, Inc. on behalf of: T. Rowe Price Institutional L arge-Cap Core Growth Fund T. Rowe Price Institutional Large-Cap Growth Fund T. Rowe Price Institutional Large-Cap Value Fund T. Rowe Price Institutional Small-Cap Stock Fund T. Rowe Price Mid-Cap Equity Growth Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price Institutional International Funds, Inc. on behalf of: T. Rowe Price Institutional Emerging Markets Equity Fund T. Rowe Price Institutional Foreign Equity Fund T. Rowe Price Institutional Global Equity Fund | Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider |
T. Rowe Price International Funds, Inc. on behalf of: T. Rowe Price Emerging Europe & Mediterranean Fund T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price International Discovery Fund T. Rowe Price International Growth & Income Fund T. Rowe Price International Stock Fund T. Rowe Price Japan Fund T. Rowe Price Latin America Fund T. Rowe Price New Asia Fund | Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider |
T. Rowe Price International Index Fund, Inc. on behalf of: T. R owe Price International Equity Index Fund | Global Proxy Service and Russian Rider |
T. Rowe Price International Series, Inc. on behalf of: T. Rowe Price International Stock Portfolio | Global Proxy Service and Russian Rider |
T. Rowe Price Media & Telecommunications Fund, Inc. | Global Proxy Service and Russian Rider |
T. Rowe Price Mid-Cap Growth Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Mid-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New America Growth Fund | Global Proxy Service Rider |
T. Rowe Price New Era Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price New Horizons Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Real Estate Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Science & Technology Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Stock Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Small-Cap Value Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Value Fund, Inc. | Global Proxy Service Rider |
CUSTOMER | APPLICABLE RIDERS TO GLOBAL CUSTODY AGREEMENT |
T. Rowe Price Corporate Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price High Yield Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Income Series, Inc. on behalf of: T. Rowe Price Limited-Term Bond Portfolio | Global Proxy Service Rider |
T. Rowe Price Inflation Protected Bond Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Institutional Income Funds, Inc., on behalf of: T. Rowe Price Institutional Core Plus Fund T. Rowe Price Institutional High Yield Fund | Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price International Funds, Inc. on behalf of: T. Rowe Price Emerging Markets Bond Fund T. Rowe Price International Bond Fund | Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider |
T. Rowe Price New Income Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Short-Term Bond Fund, Inc. | Global Proxy Service Rider |
T. Rowe Price Personal Strategy Funds, Inc. on behalf of: T. Rowe Price Personal Strategy Balanced Fund T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund | Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider Global Proxy Service and Russian Rider |
T. Rowe Price Tax-Efficient Funds, Inc. on behalf of: T. Rowe Price Tax-Efficient Balanced Fund T. Rowe Price Tax-Efficient Growth Fund T. Rowe Price Tax-Efficient Multi-Cap Growth Fund | Global Proxy Service Rider Global Proxy Service Rider Global Proxy Service Rider |
T. Rowe Price U.S. Bond Index Fund, Inc. | Global Proxy Service Rider |
II. ACCOUNTS SUBJECT TO ERISA | The ERISA Rider is applicable to all Customers Under Section II of this Schedule A. |
Emerging Markets Equity
Trust | Global Proxy Service Rider |
Foreign Discovery Trust | Global Proxy Service Rider |
Foreign Discovery Trust - B | Global Proxy Service Rider |
India Trust | Global Proxy Service Rider |
International Small-Cap Trust | Global Proxy Service Rider |
Japan Discovery Trust | Global Proxy Service Rider |
Taiwan Trust | Global Proxy Service Rider |
TRANSFER AGENCY AND SERVICE AGREEMENT
between
T. ROWE PRICE SERVICES, INC.
and
THE T. ROWE PRICE FUNDS
TABLE OF CONTENTS
Page Article A Terms of Appointment 2 Article B Duties of Price Services 3 1. Services 3 2. Agreements with Intermediaries 3 3. Anti-Money Laundering Program 4 Article C Fees and Expenses 4 Article D Representations and Warranties of the Price Services 4 Article E Representations and Warranties of the Fund 5 Article F Standard of Care/Indemnification 6 Article G Dual Interests 8 Article H Documentation 8 Article I References to Price Services 10 Article J Compliance with Governmental Rules and Regulations 10 Article K Ownership of Software and Related Material 11 Article L Quality Service Standards 11 Article M As of Transactions 11 Article N Term and Termination of Agreement 15 Article O Notice 15 Article P Assignment 16 Article Q Amendment/Interpretive Provisions 16 Article R Further Assurances 16 Article S Maryland Law to Apply 16 Article T Merger of Agreement 16 Article U Counterparts 17 Article V The Parties 17 Article W Directors, Trustees, Shareholders and Massachusetts Business Trust 17 Article X Captions 18 SCHEDULE 1 APPENDIX A
TRANSFER AGENCY AND SERVICE AGREEMENT
AGREEMENT made as of the first day of January, 2006, by and between T. ROWE PRICE SERVICES, INC., a Maryland corporation having its principal office and place of business at 100 East Pratt Street, Baltimore, Maryland 21202 ("Price Services"), and EACH FUND WHICH IS LISTED ON APPENDIX A (as such Appendix may be amended from time to time) and which evidences its agreement to be bound hereby by executing a copy of this Agreement (each such Fund individually hereinafter referred to as "the Fund," whose definition may be found in Article V);
WHEREAS, the Fund desires to appoint Price Services as its transfer agent, dividend disbursing agent and agent in connection with certain other activities, and Price Services desires to accept such appointment;
WHEREAS, Price Services represents that it is registered with the Securities and Exchange Commission as a Transfer Agent under Section 17A of the Securities Exchange Act of 1934 ("'34 Act") and will notify each Fund promptly if such registration is revoked or if any proceeding is commenced before the Securities and Exchange Commission which may lead to such revocation;
WHEREAS, Price Services has the capability of providing shareholder services on behalf of the Funds for the accounts of shareholders in the Funds;
WHEREAS, certain of the Funds are underlying investment options of portfolios of College Savings Programs ("529 Plans") and Price Services has the capability of providing services, on behalf of the Funds, for the accounts of individuals participating in these 529 Plans;
WHEREAS, certain of the Funds are named investment options under various taxsheltered retirement plans including, but not limited to, individual retirement accounts, SepIRA's, SIMPLE plans, deferred compensation plans, 403(b) plans, and profit sharing, thrift, and money purchase pension plans for self-employed individuals, individual 401(k)s and professional partnerships and corporations (collectively referred to as "Retirement Plans") and Price Services has the capability of providing services, on behalf of the Funds, for the accounts of shareholders ("Participants") participating in these Retirement Plans ("Retirement Accounts"); and
WHEREAS, Price Services may subcontract or jointly contract with other parties, on behalf of the Funds, to perform certain of the functions and services described herein.
NOW, THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto agree as follows:
A. Terms of AppointmentSubject to the terms and conditions set forth in this Agreement, the Fund hereby employs and appoints Price Services to act, and Price Services agrees to act, as the Fund's transfer agent, dividend disbursing agent and agent in connection with the Fund's authorized and issued shares of its common stock or shares of beneficial interest (all such stock and shares to be referred to as "Shares") and provide services to shareholders of the Fund ("Shareholders") and beneficial Shareholders as agreed to by the parties.
The parties to the Agreement hereby acknowledge that from time to time, Price Services and T. Rowe Price Trust Company and their affiliates may enter into contracts ("Other Contracts") with employee benefit plans and/or their sponsors and the sponsors of 529 Plans for the provision of certain services to participants of 529 Plans and Retirement Plans. Compensation paid to Price Services pursuant to this Agreement is with respect to the services described herein and not with respect to services provided under Other Contracts.
B. Duties of Price ServicesPrice Services may also enter into agreements on behalf of the Fund with Intermediaries who hold shares in omnibus accounts in Funds that assess redemption fees. Pursuant to these Agreements, the Intermediary agrees to assess the fee in accordance with the Fund's prospectus at the time of the redemption and remit such fees to the Fund on a monthly basis or such other mutually agreed upon time.
In addition, the Funds have instituted a program whereby they may, in their discretion, pay an Intermediary or a Plan a fee to compensate the third party for certain expenses incurred as a result of providing administrative services to underlying shareholders of the Funds ("Administrative Fee Payments"). Each Fund authorizes Price Services to enter into, on its behalf, agreements with such Intermediaries or Plans for payment of such Administrative Fee Payments in consideration of such Plan or Intermediary's performance of services pursuant to the Fund's Administrative Fee Payment Program. Any payments owed under these Administrative Fee Agreements shall be the obligation of the applicable Fund, not Price Services.
Price Services is authorized to take, on behalf of the Funds, any action permitted by law and in accordance with the Fund's AML Program in carrying out its responsibilities under the Fund's AML Program, including rejecting purchases, freezing Shareholder accounts, restricting certain services, or closing Shareholder accounts if (a) suspicious activity is detected, (b) it is unable to verify the identity of a Shareholder, or (c) a Shareholder matches a government list of known or suspected suspicious persons.
C. Fees and Expenses.For the services performed on Schedule 1 of this Agreement, the Funds shall pay such fees and expenses as mutually agreed upon by the parties.
D. Representations and Warranties of Price ServicesPrice Services represents and warrants to the Fund that:
The Fund represents and warrants to Price Services that:
Notwithstanding anything to the contrary in this Agreement:
It is understood that Price Services is not obligated to have in place separate procedures to prevent each and every conceivable type of error or omission. The term "Appropriate Procedures" shall mean procedures reasonably designed to prevent and detect errors and omissions. In determining the reasonableness of such procedures, weight will be given to such factors as are appropriate, including the prior occurrence of any similar errors or omissions when such procedures were in place and transfer agent industry standards in place at the time of the occurrence.
It is understood that some person or persons may be directors, officers, or shareholders of both the Funds and Price Services (including Price Services' affiliates), and that the existence of any such dual interest shall not affect the validity of this Agreement or of any transactions hereunder except as otherwise provided by a specific provision of applicable law.
H. DocumentationAs requested by Price Services, the Fund shall promptly furnish to Price Services the following:
The delivery of any such document for the purpose of any other agreement to which the Fund and Price Services are or were parties shall be deemed to be delivery for the purposes of this Agreement.
As requested by Price Services, the Fund will also furnish from time to time the following documents:
Price Services hereby agrees to establish and maintain facilities and procedures reasonably acceptable to the Fund for safekeeping of stock certificates, check forms and facsimile signature imprinting devices, if any; and for the preparation or use, and for keeping account of, such certificates, forms and devices.
I. References to Price ServicesEach Fund agrees not to circulate any printed matter which contains any reference to Price Services without the prior approval of Price Services, excepting solely such printed matter that merely identifies Price Services as agent of the Fund. The Fund will submit printed matter requiring approval to Price Services in draft form, allowing sufficient time for review by Price Services and its legal counsel prior to any deadline for printing.
J. Compliance with Governmental Rules and RegulationsExcept as otherwise provided in the Agreement and except for the accuracy of information furnished to the Fund by Price Services, each Fund assumes full responsibility for the preparation, contents and distribution of its prospectuses and compliance with all applicable requirements of the '40 Act, the '34 Act, the '33 Act, and any other laws, rules and regulations of governmental authorities having jurisdiction over the Fund. Price Services shall be responsible for complying with all laws, rules and regulations of governmental authorities having jurisdiction over transfer agents and their activities and cooperating with respect to examinations and requests from such governmental authorities.
K. Ownership of Software and Related MaterialAll computer programs, magnetic tapes, written procedures and similar items purchased and/or developed and used by Price Services in performance of the Agreement shall be the property of Price Services and will not become the property of the Fund.
L. Quality Service StandardsPrice Services and the Fund may from time to time agree to certain quality service standards, as well as incentives and penalties with respect to Price Services' hereunder.
M. As Of TransactionsFor purposes of this Article M, the term "Transaction" shall mean any single or "related transaction" (as defined below) involving the purchase or redemption of Shares (including exchanges) that is processed at a time other than the time of the computation of the Fund's net asset value per Share next computed after receipt of any such transaction order by Price Services due to an act or omission of Price Services. "As Of Processing" refers to the processing of these Transactions. All As Of Processing may only be performed in accordance with the requirements of Rule 22c-1 of the '40 Act. Price Services is responsible for monitoring As Of Transactions procedures that set forth the circumstances under which As Of Transactions are permitted. If more than one Transaction ("Related Transaction") in the Fund is caused by or occurs as a result of the same act or omission, such transactions shall be aggregated with other transactions in the Fund and be considered as one Transaction.
Price Services shall:
If an As Of Transaction is performed by an intermediary, which is designated by the Fund to received orders for Fund Shares, Price Services shall cause such intermediary to promptly reimburse the Fund for any Dilution caused by such As Of Transaction; provided, however, Price Services shall not be obligated to seek reimbursement from such intermediary if the Dilution is less than $100.
N. Term and Termination of AgreementAny notice as required by this Agreement shall be sufficiently given (i) when sent to an authorized person of the other party at the address of such party set forth above or at such other address as such party may from time to time specify in writing to the other party; or (ii) as otherwise agreed upon by appropriate officers of the parties hereto.
P. AssignmentNeither this Agreement nor any rights or obligations hereunder may be assigned either voluntarily or involuntarily, by operation of law or otherwise, by either party without the prior written consent of the other party, provided this shall not preclude Price Services from employing such agents and subcontractors as it deems appropriate to carry out its obligations set forth hereunder.
Q. Amendment/Interpretive ProvisionsThe parties by mutual written agreement may amend this Agreement at any time. In addition, in connection with the operation of this Agreement, Price Services and the Fund may agree from time to time on such provisions interpretive of or in addition to the provisions of this Agreement as may in their joint opinion be consistent with the general tenor of this Agreement. Any such interpretive or additional provisions are to be signed by all parties and annexed hereto, but no such provision shall contravene any applicable Federal or state law or regulation and no such interpretive or additional provision shall be deemed to be an amendment of this Agreement.
R. Further AssurancesEach party agrees to perform such further acts and execute such further documents as are necessary to effectuate the purposes hereof.
S. Maryland Law to ApplyThis Agreement shall be construed and the provisions thereof interpreted under and in accordance with the laws of Maryland.
T. Merger of AgreementThis Agreement, including the attached Appendices and Schedules supersedes any prior agreement with respect to the subject hereof, whether oral or written.
U. CounterpartsThis Agreement may be executed by the parties hereto on any number of counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instruments.
V. The PartiesAll references herein to "the Fund" are to each of the Funds listed on Appendix A individually, as if this Agreement were between such individual Fund and Price Services. In the case of a series Fund or trust, all references to "the Fund" are to the individual series or portfolio of such Fund or trust, or to such Fund or trust on behalf of the individual series or portfolio, as appropriate. The "Fund" also includes any T. Rowe Price Funds that may be established after the execution of this Agreement. Any reference in this Agreement to "the parties" shall mean Price Services and such other individual Fund as to which the matter pertains.
W. Directors, Trustees and Shareholders and Massachusetts Business TrustIt 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, the term "Fund" means and refers to the trustees from time to time serving under the applicable trust agreement (Declaration of Trust) of such 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.
X. CaptionsThe captions in the Agreement are included for convenience of reference only and in no way define or limit any of the provisions hereof or otherwise affect their construction or effect.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed in their names and on their behalf under their seals by and through their duly authorized officers.
T. ROWE PRICE SERVICES, INC. T. ROWE PRICE FUNDS BY: /s/Wayne D. O'Melia BY: /s/Joseph A. Carrier DATED: March 17, 2006 DATED: March 16, 2006
SCHEDULE 1
Price Services agrees that it will perform services on behalf of the Funds in accordance with procedures developed and maintained by Price Services, all applicable laws and the Fund's then-current prospectus. Such services include, but are not limited to, the following:
- Establishing Shareholder Accounts - - Processing Purchase and Redemption Orders - - Receiving and Disbursing Settlement Proceeds - - Assessing and Remitting Redemption Fees - - Processing Checkwriting Redemptions - - Processing Exchange Orders - - Processing Transfer of Ownership Orders - - Processing Maintenance Requests on Shareholder Accounts - - Processing Adjustments in Shareholder Accounts - - Handling Returned Checks, ACH Debits and Uncollected Funds - - Processing Dividends, Distributions and Other Fund Corporate Actions for Shareholder Accounts - - Preparing and Filing Shareholder Tax Information - - Monitoring and Enforcing the Funds Excessive Trading Policy - - Performing Lost Shareholder Identification and Searches - - Reviewing, Reporting and Remitting Abandoned Property - - Responding to Shareholder Correspondence - - Reporting Lost or Stolen Securities - - Maintaining Telephone, VRU and Computer Services to Service Shareholder Accounts - - Performing Shareholder Services for High Net Worth Shareholders - - Collecting and Remitting Shareholder/Participant Fees - - Distributing and Tabulating Proxies - - Calculating and Paying Administrative Fee Payments - - Preparing and Delivering Confirmations, Statements and Tax Forms to Shareholders and Participants - - Delivering Prospectuses, Shareholder Reports and Other Required Mailings to Shareholders - - Maintaining Books and Records for the Fund - - Recording Authorized Issued and Outstanding Shares - - Coordinating with Independent Public Accountants for Reviews and Audits - - Maintaining and Providing Information Necessary for the Completion of Form NSAR & N-CSR - - Reporting Blue Sky Information to the Fund - - Furnishing Other Information to the Fund - - Performing Functions for Compliance with the Funds Anti-Money Laundering Program - - Performing Bank Reconciliation Process - - Performing Such Other Services as Mutually Agreed Upon by Both Parties
APPENDIX A
T. ROWE PRICE BALANCED FUND, INC. T. ROWE PRICE BLUE CHIP GROWTH FUND, INC. T. Rowe Price Blue Chip Growth Fund--Advisor Class T. Rowe Price Blue Chip Growth Fund--R Class T. ROWE PRICE CALIFORNIA TAX-FREE INCOME TRUST California Tax-Free Bond Fund California Tax-Free Money Fund T. ROWE PRICE CAPITAL APPRECIATION FUND T. Rowe Price Capital Appreciation Fund--Advisor Class T. ROWE PRICE CAPITAL OPPORTUNITY FUND, INC. T. Rowe Price Capital Opportunity Fund--Advisor Class T. Rowe Price Capital Opportunity Fund--R Class T. ROWE PRICE CORPORATE INCOME FUND, INC. T. ROWE PRICE DEVELOPING TECHNOLOGIES FUND, INC. T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND, INC. T. ROWE PRICE DIVERSIFIED SMALL-CAP GROWTH FUND, INC. T. ROWE PRICE DIVIDEND GROWTH FUND, INC. T. Rowe Price Dividend Growth Fund--Advisor Class T. ROWE PRICE EQUITY INCOME FUND T. Rowe Price Equity Income Fund--Advisor Class T. Rowe Price Equity Income Fund--R Class T. ROWE PRICE EQUITY SERIES, INC. T. Rowe Price Blue Chip Growth Portfolio T. Rowe Price Blue Chip Growth Portfolio-II T. Rowe Price Equity Income Portfolio T. Rowe Price Equity Income Portfolio-II T. Rowe Price Equity Index 500 Portfolio T. Rowe Price Health Sciences Portfolio T. Rowe Price Health Sciences Portfolio-II T. Rowe Price Mid-Cap Growth Portfolio T. Rowe Price Mid-Cap Growth Portfolio-II T. Rowe Price New America Growth Portfolio T. Rowe Price Personal Strategy Balanced Portfolio T. ROWE PRICE FINANCIAL SERVICES FUND, INC. T. ROWE PRICE FIXED INCOME SERIES, INC. T. Rowe Price Limited-Term Bond Portfolio T. Rowe Price Limited-Term Bond Portfolio-II T. Rowe Price Prime Reserve Portfolio T. ROWE PRICE GLOBAL TECHNOLOGY FUND, INC. T. ROWE PRICE GNMA FUND T. ROWE PRICE GROWTH & INCOME FUND, INC. T. ROWE PRICE GROWTH STOCK FUND, INC. T. Rowe Price Growth Stock Fund--Advisor Class T. Rowe Price Growth Stock Fund--R Class T. ROWE PRICE HEALTH SCIENCES FUND, INC. T. ROWE PRICE HIGH YIELD FUND, INC. T. Rowe Price High Yield Fund--Advisor Class T. ROWE PRICE INDEX TRUST, INC. T. Rowe Price Equity Index 500 Fund T. Rowe Price Extended Equity Market Index Fund T. Rowe Price Total Equity Market Index Fund T. ROWE PRICE INFLATION PROTECTED BOND FUND, INC. T. ROWE PRICE INSTITUTIONAL EQUITY FUNDS, INC. T. Rowe Price Institutional Large-Cap Core Growth Fund T. Rowe Price Institutional Large-Cap Growth Fund T. Rowe Price Institutional Large-Cap Value Fund T. Rowe Price Institutional Mid-Cap Equity Growth Fund T. Rowe Price Institutional Small-Cap Stock Fund T. ROWE PRICE INSTITUTIONAL INCOME FUNDS, INC. T. Rowe Price Institutional Core Plus Fund T. Rowe Price Institutional High Yield Fund T. ROWE PRICE INSTITUTIONAL INTERNATIONAL FUNDS, INC. T. Rowe Price Institutional Emerging Markets Equity Fund T. Rowe Price Institutional Foreign Equity Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. T. Rowe Price Emerging Europe & Mediterranean Fund T. Rowe Price Emerging Markets Bond Fund T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price International Bond Fund T. Rowe Price International Bond Fund--Advisor Class T. Rowe Price International Discovery Fund T. Rowe Price International Growth & Income Fund T. Rowe Price International Growth & Income Fund--Advisor Class T. Rowe Price International Growth & Income Fund--R Class T. Rowe Price International Stock Fund T. Rowe Price International Stock Fund--Advisor Class T. Rowe Price International Stock Fund--R Class T. Rowe Price Japan Fund T. Rowe Price Latin America Fund T. Rowe Price New Asia Fund T. ROWE PRICE INTERNATIONAL INDEX FUND, INC. T. Rowe Price International Equity Index Fund T. ROWE PRICE INTERNATIONAL SERIES, INC. T. Rowe Price International Stock Portfolio T. ROWE PRICE MEDIA & TELECOMMUNICATIONS FUND, INC. T. ROWE PRICE MID-CAP GROWTH FUND, INC. T. Rowe Price Mid-Cap Growth Fund--Advisor Class T. Rowe Price Mid-Cap Growth Fund--R Class T. ROWE PRICE MID-CAP VALUE FUND, INC. T. Rowe Price Mid-Cap Value Fund--Advisor Class T. Rowe Price Mid-Cap Value Fund--R Class T. ROWE PRICE NEW AMERICA GROWTH FUND T. Rowe Price New America Growth Fund--Advisor Class T. ROWE PRICE NEW ERA FUND, INC. T. ROWE PRICE NEW HORIZONS FUND, INC. T. ROWE PRICE NEW INCOME FUND, INC. T. Rowe Price New Income Fund--Advisor Class T. Rowe Price New Income Fund--R Class T. ROWE PRICE PERSONAL STRATEGY FUNDS, INC. T. Rowe Price Personal Strategy Balanced Fund T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund T. ROWE PRICE PRIME RESERVE FUND, INC. T. ROWE PRICE REAL ESTATE FUND, INC. T. Rowe Price Real Estate Fund --Advisor Class T. ROWE PRICE RESERVE INVESTMENT FUNDS, INC. T. Rowe Price Government Reserve Investment Fund T. Rowe Price Reserve Investment Fund T. ROWE PRICE RETIREMENT FUNDS, INC. T. Rowe Price Retirement 2005 Fund T. Rowe Price Retirement 2010 Fund T. Rowe Price Retirement 2010 Fund--Advisor Class T. Rowe Price Retirement 2010 Fund--R Class T. Rowe Price Retirement 2015 Fund T. Rowe Price Retirement 2020 Fund T. Rowe Price Retirement 2020 Fund--Advisor Class T. Rowe Price Retirement 2020 Fund--R Class T. Rowe Price Retirement 2025 Fund T. Rowe Price Retirement 2030 Fund T. Rowe Price Retirement 2030 Fund--Advisor Class T. Rowe Price Retirement 2030 Fund--R Class T. Rowe Price Retirement 2035 Fund T. Rowe Price Retirement 2040 Fund T. Rowe Price Retirement 2040 Fund--Advisor Class T. Rowe Price Retirement 2040 Fund--R Class T. Rowe Price Retirement 2045 Fund T. Rowe Price Retirement Income Fund T. Rowe Price Retirement Income Fund--Advisor Class T. Rowe Price Retirement Income Fund--R Class T. ROWE PRICE SCIENCE & TECHNOLOGY FUND, INC. T. Rowe Price Science & Technology Fund--Advisor Class T. ROWE PRICE SHORT-TERM BOND FUND, INC. T. Rowe Price Short-Term Bond Fund--Advisor Class T. ROWE PRICE SMALL-CAP STOCK FUND, INC. T. Rowe Price Small-Cap Stock Fund--Advisor Class T. ROWE PRICE SMALL-CAP VALUE FUND, INC. T. Rowe Price Small-Cap Value Fund--Advisor Class T. ROWE PRICE SPECTRUM FUND, INC. Spectrum Growth Fund Spectrum Income Fund Spectrum International Fund T. ROWE PRICE STATE TAX-FREE INCOME TRUST Florida Intermediate Tax-Free Fund Georgia Tax-Free Bond Fund Maryland Short-Term TaxFree 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 Virginia Tax-Free Bond Fund T. ROWE PRICE SUMMIT FUNDS, INC. T. Rowe Price Summit Cash Reserves Fund T. Rowe Price Summit GNMA Fund T. ROWE PRICE SUMMIT MUNICIPAL FUNDS, INC. T. Rowe Price Summit Municipal Income Fund T. Rowe Price Summit Municipal Intermediate Fund T. Rowe Price Summit Municipal Money Market Fund T. ROWE PRICE TAX-EFFICIENT FUNDS, INC. T. Rowe Price Tax-Efficient Balanced Fund T. Rowe Price Tax-Efficient Growth Fund T. Rowe Price Tax-Efficient Multi-Cap Growth Fund T. ROWE PRICE TAX-EXEMPT MONEY FUND, INC. T. ROWE PRICE TAX-FREE HIGH YIELD FUND, INC. T. ROWE PRICE TAX-FREE INCOME FUND, INC. T. Rowe Price Tax-Free Income Fund--Advisor Class T. ROWE PRICE TAX-FREE INTERMEDIATE BOND FUND, INC. T. ROWE PRICE TAX-FREE SHORT-INTERMEDIATE FUND, INC. T. ROWE PRICE U.S. BOND INDEX FUND, INC. T. ROWE PRICE U.S. TREASURY FUNDS, INC. U.S. Treasury Intermediate Fund U.S. Treasury Long-Term Fund U.S. Treasury Money Fund T. ROWE PRICE VALUE FUND, INC. T. Rowe Price Value Fund--Advisor Class
AMENDMENT NO. 1
TRANSFER AGENCY AND SERVICE AGREEMENT
Between
T. ROWE PRICE SERVICES, INC.
And
THE T. ROWE PRICE FUNDS
The Transfer Agency and Service Agreement of January 1, 2006, between T. Rowe Price Services, Inc., and each of the Parties listed on Appendix A thereto is hereby amended, as of February 7, 2006 by adding thereto T. Rowe Price International Funds, Inc., on behalf of T.Rowe Price Global Stock Fund--Advisor Class.
T. ROWE PRICE BALANCED FUND, INC. T. ROWE PRICE BLUE CHIP GROWTH FUND, INC. T. Rowe Price Blue Chip Growth Fund--Advisor Class T. Rowe Price Blue Chip Growth Fund--R Class T. ROWE PRICE CALIFORNIA TAX-FREE INCOME TRUST California Tax-Free Bond Fund California Tax-Free Money Fund T. ROWE PRICE CAPITAL APPRECIATION FUND T. Rowe Price Capital Appreciation Fund--Advisor Class T. ROWE PRICE CAPITAL OPPORTUNITY FUND, INC. T. Rowe Price Capital Opportunity Fund--Advisor Class T. Rowe Price Capital Opportunity Fund--R Class T. ROWE PRICE CORPORATE INCOME FUND, INC. T. ROWE PRICE DEVELOPING TECHNOLOGIES FUND, INC. T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND, INC. T. ROWE PRICE DIVERSIFIED SMALL-CAP GROWTH FUND, INC. T. ROWE PRICE DIVIDEND GROWTH FUND, INC. T. Rowe Price Dividend Growth Fund--Advisor Class T. ROWE PRICE EQUITY INCOME FUND T. Rowe Price Equity Income Fund--Advisor Class T. Rowe Price Equity Income Fund--R Class T. ROWE PRICE EQUITY SERIES, INC. T. Rowe Price Blue Chip Growth Portfolio T. Rowe Price Blue Chip Growth Portfolio-II T. Rowe Price Equity Income Portfolio T. Rowe Price Equity Income Portfolio-II T. Rowe Price Equity Index 500 Portfolio T. Rowe Price Health Sciences Portfolio T. Rowe Price Health Sciences Portfolio-II T. Rowe Price Mid-Cap Growth Portfolio T. Rowe Price Mid-Cap Growth Portfolio-II T. Rowe Price New America Growth Portfolio T. Rowe Price Personal Strategy Balanced Portfolio T. ROWE PRICE FINANCIAL SERVICES FUND, INC. T. ROWE PRICE FIXED INCOME SERIES, INC. T. Rowe Price Limited-Term Bond Portfolio T. Rowe Price Limited-Term Bond Portfolio-II T. Rowe Price Prime Reserve Portfolio T. ROWE PRICE GLOBAL TECHNOLOGY FUND, INC. T. ROWE PRICE GNMA FUND T. ROWE PRICE GROWTH & INCOME FUND, INC. T. ROWE PRICE GROWTH STOCK FUND, INC. T. Rowe Price Growth Stock Fund--Advisor Class T. Rowe Price Growth Stock Fund--R Class T. ROWE PRICE HEALTH SCIENCES FUND, INC. T. ROWE PRICE HIGH YIELD FUND, INC. T. Rowe Price High Yield Fund--Advisor Class T. ROWE PRICE INDEX TRUST, INC. T. Rowe Price Equity Index 500 Fund T. Rowe Price Extended Equity Market Index Fund T. Rowe Price Total Equity Market Index Fund T. ROWE PRICE INFLATION PROTECTED BOND FUND, INC. T. ROWE PRICE INSTITUTIONAL EQUITY FUNDS, INC. T. Rowe Price Institutional Large-Cap Core Growth Fund T. Rowe Price Institutional Large-Cap Growth Fund T. Rowe Price Institutional Large-Cap Value Fund T. Rowe Price Institutional Mid-Cap Equity Growth Fund T. Rowe Price Institutional Small-Cap Stock Fund T. ROWE PRICE INSTITUTIONAL INCOME FUNDS, INC. T. Rowe Price Institutional Core Plus Fund T. Rowe Price Institutional High Yield Fund T. ROWE PRICE INSTITUTIONAL INTERNATIONAL FUNDS, INC. T. Rowe Price Institutional Emerging Markets Equity Fund T. Rowe Price Institutional Foreign Equity Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. T. Rowe Price Emerging Europe & Mediterranean Fund T. Rowe Price Emerging Markets Bond Fund T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price Global Stock Fund--Advisor Class T. Rowe Price International Bond Fund T. Rowe Price International Bond Fund--Advisor Class T. Rowe Price International Discovery Fund T. Rowe Price International Growth & Income Fund T. Rowe Price International Growth & Income Fund--Advisor Class T. Rowe Price International Growth & Income Fund--R Class T. Rowe Price International Stock Fund T. Rowe Price International Stock Fund--Advisor Class T. Rowe Price International Stock Fund--R Class T. Rowe Price Japan Fund T. Rowe Price Latin America Fund T. Rowe Price New Asia Fund T. ROWE PRICE INTERNATIONAL INDEX FUND, INC. T. Rowe Price International Equity Index Fund T. ROWE PRICE INTERNATIONAL SERIES, INC. T. Rowe Price International Stock Portfolio T. ROWE PRICE MEDIA & TELECOMMUNICATIONS FUND, INC. T. ROWE PRICE MID-CAP GROWTH FUND, INC. T. Rowe Price Mid-Cap Growth Fund--Advisor Class T. Rowe Price Mid-Cap Growth Fund--R Class T. ROWE PRICE MID-CAP VALUE FUND, INC. T. Rowe Price Mid-Cap Value Fund--Advisor Class T. Rowe Price Mid-Cap Value Fund--R Class T. ROWE PRICE NEW AMERICA GROWTH FUND T. Rowe Price New America Growth Fund--Advisor Class T. ROWE PRICE NEW ERA FUND, INC. T. ROWE PRICE NEW HORIZONS FUND, INC. T. ROWE PRICE NEW INCOME FUND, INC. T. Rowe Price New Income Fund--Advisor Class T. Rowe Price New Income Fund--R Class T. ROWE PRICE PERSONAL STRATEGY FUNDS, INC. T. Rowe Price Personal Strategy Balanced Fund T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund T. ROWE PRICE PRIME RESERVE FUND, INC. T. ROWE PRICE REAL ESTATE FUND, INC. T. Rowe Price Real Estate Fund--Advisor Class T. ROWE PRICE RESERVE INVESTMENT FUNDS, INC. T. Rowe Price Government Reserve Investment Fund T. Rowe Price Reserve Investment Fund T. ROWE PRICE RETIREMENT FUNDS, INC. T. Rowe Price Retirement 2005 Fund T. Rowe Price Retirement 2010 Fund T. Rowe Price Retirement 2010 Fund--Advisor Class T. Rowe Price Retirement 2010 Fund--R Class T. Rowe Price Retirement 2015 Fund T. Rowe Price Retirement 2020 Fund T. Rowe Price Retirement 2020 Fund--Advisor Class T. Rowe Price Retirement 2020 Fund--R Class T. Rowe Price Retirement 2025 Fund T. Rowe Price Retirement 2030 Fund T. Rowe Price Retirement 2030 Fund--Advisor Class T. Rowe Price Retirement 2030 Fund--R Class T. Rowe Price Retirement 2035 Fund T. Rowe Price Retirement 2040 Fund T. Rowe Price Retirement 2040 Fund--Advisor Class T. Rowe Price Retirement 2040 Fund--R Class T. Rowe Price Retirement 2045 Fund T. Rowe Price Retirement Income Fund T. Rowe Price Retirement Income Fund--Advisor Class T. Rowe Price Retirement Income Fund--R Class T. ROWE PRICE SCIENCE & TECHNOLOGY FUND, INC. T. Rowe Price Science & Technology Fund--Advisor Class T. ROWE PRICE SHORT-TERM BOND FUND, INC. T. Rowe Price Short-Term Bond Fund--Advisor Class T. ROWE PRICE SMALL-CAP STOCK FUND, INC. T. Rowe Price Small-Cap Stock Fund--Advisor Class T. ROWE PRICE SMALL-CAP VALUE FUND, INC. T. Rowe Price Small-Cap Value Fund--Advisor Class T. ROWE PRICE SPECTRUM FUND, INC. Spectrum Growth Fund Spectrum Income Fund Spectrum International Fund T. ROWE PRICE STATE TAX-FREE INCOME TRUST Florida Intermediate Tax-Free Fund Georgia Tax-Free Bond Fund Maryland Short-Term TaxFree 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 Virginia Tax-Free Bond Fund T. ROWE PRICE SUMMIT FUNDS, INC. T. Rowe Price Summit Cash Reserves Fund T. Rowe Price Summit GNMA Fund T. ROWE PRICE SUMMIT MUNICIPAL FUNDS, INC. T. Rowe Price Summit Municipal Income Fund T. Rowe Price Summit Municipal Intermediate Fund T. Rowe Price Summit Municipal Money Market Fund T. ROWE PRICE TAX-EFFICIENT FUNDS, INC. T. Rowe Price Tax-Efficient Balanced Fund T. Rowe Price Tax-Efficient Growth Fund T. Rowe Price Tax-Efficient Multi-Cap Growth Fund T. ROWE PRICE TAX-EXEMPT MONEY FUND, INC. T. ROWE PRICE TAX-FREE HIGH YIELD FUND, INC. T. ROWE PRICE TAX-FREE INCOME FUND, INC. T. Rowe Price Tax-Free Income Fund--Advisor Class T. ROWE PRICE TAX-FREE INTERMEDIATE BOND FUND, INC. T. ROWE PRICE TAX-FREE SHORT-INTERMEDIATE FUND, INC. T. ROWE PRICE U.S. BOND INDEX FUND, INC. T. ROWE PRICE U.S. TREASURY FUNDS, INC. U.S. Treasury Intermediate Fund U.S. Treasury Long-Term Fund U.S. Treasury Money Fund T. ROWE PRICE VALUE FUND, INC. T. Rowe Price Value Fund--Advisor Class
Attest: /s/ Patricia B. Lippert /s/ Joseph A. Carrier Patricia B. Lippert By: Joseph A. Carrier Secretary Treasurer Attest: T. ROWE PRICE SERVICES, INC. /s/ Barbara A. Van Horn /s/ Henry H. Hopkins Barbara A. Van Horn By: Henry H. Hopkins Secretary Vice President
AMENDMENT NO. 2
TRANSFER AGENCY AND SERVICE AGREEMENT
Between
T. ROWE PRICE SERVICES, INC.
And
THE T. ROWE PRICE FUNDS
The Transfer Agency and Service Agreement of January 1, 2006, between T. Rowe Price Services, Inc., and each of the Parties listed on Appendix A thereto is hereby amended, as of February 7, 2006 and April 19, 2006, by adding thereto T. Rowe Price Institutional International Funds, Inc., on behalf of T.Rowe Price Institutional Global Equity Fund.
T. ROWE PRICE BALANCED FUND, INC. T. ROWE PRICE BLUE CHIP GROWTH FUND, INC. T. Rowe Price Blue Chip Growth Fund--Advisor Class T. Rowe Price Blue Chip Growth Fund--R Class T. ROWE PRICE CALIFORNIA TAX-FREE INCOME TRUST California Tax-Free Bond Fund California Tax-Free Money Fund T. ROWE PRICE CAPITAL APPRECIATION FUND T. Rowe Price Capital Appreciation Fund--Advisor Class T. ROWE PRICE CAPITAL OPPORTUNITY FUND, INC. T. Rowe Price Capital Opportunity Fund--Advisor Class T. Rowe Price Capital Opportunity Fund--R Class T. ROWE PRICE CORPORATE INCOME FUND, INC. T. ROWE PRICE DEVELOPING TECHNOLOGIES FUND, INC. T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND, INC. T. ROWE PRICE DIVERSIFIED SMALL-CAP GROWTH FUND, INC. T. ROWE PRICE DIVIDEND GROWTH FUND, INC. T. Rowe Price Dividend Growth Fund--Advisor Class T. ROWE PRICE EQUITY INCOME FUND T. Rowe Price Equity Income Fund--Advisor Class T. Rowe Price Equity Income Fund--R Class T. ROWE PRICE EQUITY SERIES, INC. T. Rowe Price Blue Chip Growth Portfolio T. Rowe Price Blue Chip Growth Portfolio-II T. Rowe Price Equity Income Portfolio T. Rowe Price Equity Income Portfolio-II T. Rowe Price Equity Index 500 Portfolio T. Rowe Price Health Sciences Portfolio T. Rowe Price Health Sciences Portfolio-II T. Rowe Price Mid-Cap Growth Portfolio T. Rowe Price Mid-Cap Growth Portfolio-II T. Rowe Price New America Growth Portfolio T. Rowe Price Personal Strategy Balanced Portfolio T. ROWE PRICE FINANCIAL SERVICES FUND, INC. T. ROWE PRICE FIXED INCOME SERIES, INC. T. Rowe Price Limited-Term Bond Portfolio T. Rowe Price Limited-Term Bond Portfolio-II T. Rowe Price Prime Reserve Portfolio T. ROWE PRICE GLOBAL TECHNOLOGY FUND, INC. T. ROWE PRICE GNMA FUND T. ROWE PRICE GROWTH & INCOME FUND, INC. T. ROWE PRICE GROWTH STOCK FUND, INC. T. Rowe Price Growth Stock Fund--Advisor Class T. Rowe Price Growth Stock Fund--R Class T. ROWE PRICE HEALTH SCIENCES FUND, INC. T. ROWE PRICE HIGH YIELD FUND, INC. T. Rowe Price High Yield Fund--Advisor Class T. ROWE PRICE INDEX TRUST, INC. T. Rowe Price Equity Index 500 Fund T. Rowe Price Extended Equity Market Index Fund T. Rowe Price Total Equity Market Index Fund T. ROWE PRICE INFLATION PROTECTED BOND FUND, INC. T. ROWE PRICE INSTITUTIONAL EQUITY FUNDS, INC. T. Rowe Price Institutional Large-Cap Core Growth Fund T. Rowe Price Institutional Large-Cap Growth Fund T. Rowe Price Institutional Large-Cap Value Fund T. Rowe Price Institutional Mid-Cap Equity Growth Fund T. Rowe Price Institutional Small-Cap Stock Fund T. ROWE PRICE INSTITUTIONAL INCOME FUNDS, INC. T. Rowe Price Institutional Core Plus Fund T. Rowe Price Institutional High Yield Fund T. ROWE PRICE INSTITUTIONAL INTERNATIONAL FUNDS, INC. T. Rowe Price Institutional Emerging Markets Equity Fund T. Rowe Price Institutional Foreign Equity Fund T. Rowe Price Institutional Global Equity Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. T. Rowe Price Emerging Europe & Mediterranean Fund T. Rowe Price Emerging Markets Bond Fund T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price Global Stock Fund--Advisor Class T. Rowe Price International Bond Fund T. Rowe Price International Bond Fund--Advisor Class T. Rowe Price International Discovery Fund T. Rowe Price International Growth & Income Fund T. Rowe Price International Growth & Income Fund--Advisor Class T. Rowe Price International Growth & Income Fund--R Class T. Rowe Price International Stock Fund T. Rowe Price International Stock Fund--Advisor Class T. Rowe Price International Stock Fund--R Class T. Rowe Price Japan Fund T. Rowe Price Latin America Fund T. Rowe Price New Asia Fund T. ROWE PRICE INTERNATIONAL INDEX FUND, INC. T. Rowe Price International Equity Index Fund T. ROWE PRICE INTERNATIONAL SERIES, INC. T. Rowe Price International Stock Portfolio T. ROWE PRICE MEDIA & TELECOMMUNICATIONS FUND, INC. T. ROWE PRICE MID-CAP GROWTH FUND, INC. T. Rowe Price Mid-Cap Growth Fund--Advisor Class T. Rowe Price Mid-Cap Growth Fund--R Class T. ROWE PRICE MID-CAP VALUE FUND, INC. T. Rowe Price Mid-Cap Value Fund--Advisor Class T. Rowe Price Mid-Cap Value Fund--R Class T. ROWE PRICE NEW AMERICA GROWTH FUND T. Rowe Price New America Growth Fund--Advisor Class T. ROWE PRICE NEW ERA FUND, INC. T. ROWE PRICE NEW HORIZONS FUND, INC. T. ROWE PRICE NEW INCOME FUND, INC. T. Rowe Price New Income Fund--Advisor Class T. Rowe Price New Income Fund--R Class T. ROWE PRICE PERSONAL STRATEGY FUNDS, INC. T. Rowe Price Personal Strategy Balanced Fund T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund T. ROWE PRICE PRIME RESERVE FUND, INC. T. ROWE PRICE REAL ESTATE FUND, INC. T. Rowe Price Real Estate Fund--Advisor Class T. ROWE PRICE RESERVE INVESTMENT FUNDS, INC. T. Rowe Price Government Reserve Investment Fund T. Rowe Price Reserve Investment Fund T. ROWE PRICE RETIREMENT FUNDS, INC. T. Rowe Price Retirement 2005 Fund T. Rowe Price Retirement 2010 Fund T. Rowe Price Retirement 2010 Fund--Advisor Class T. Rowe Price Retirement 2010 Fund--R Class T. Rowe Price Retirement 2015 Fund T. Rowe Price Retirement 2020 Fund T. Rowe Price Retirement 2020 Fund--Advisor Class T. Rowe Price Retirement 2020 Fund--R Class T. Rowe Price Retirement 2025 Fund T. Rowe Price Retirement 2030 Fund T. Rowe Price Retirement 2030 Fund--Advisor Class T. Rowe Price Retirement 2030 Fund--R Class T. Rowe Price Retirement 2035 Fund T. Rowe Price Retirement 2040 Fund T. Rowe Price Retirement 2040 Fund--Advisor Class T. Rowe Price Retirement 2040 Fund--R Class T. Rowe Price Retirement 2045 Fund T. Rowe Price Retirement Income Fund T. Rowe Price Retirement Income Fund--Advisor Class T. Rowe Price Retirement Income Fund--R Class T. ROWE PRICE SCIENCE & TECHNOLOGY FUND, INC. T. Rowe Price Science & Technology Fund--Advisor Class T. ROWE PRICE SHORT-TERM BOND FUND, INC. T. Rowe Price Short-Term Bond Fund--Advisor Class T. ROWE PRICE SMALL-CAP STOCK FUND, INC. T. Rowe Price Small-Cap Stock Fund--Advisor Class T. ROWE PRICE SMALL-CAP VALUE FUND, INC. T. Rowe Price Small-Cap Value Fund--Advisor Class T. ROWE PRICE SPECTRUM FUND, INC. Spectrum Growth Fund Spectrum Income Fund Spectrum International Fund T. ROWE PRICE STATE TAX-FREE INCOME TRUST Florida Intermediate Tax-Free Fund Georgia Tax-Free Bond Fund Maryland Short-Term TaxFree 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 Virginia Tax-Free Bond Fund T. ROWE PRICE SUMMIT FUNDS, INC. T. Rowe Price Summit Cash Reserves Fund T. Rowe Price Summit GNMA Fund T. ROWE PRICE SUMMIT MUNICIPAL FUNDS, INC. T. Rowe Price Summit Municipal Income Fund T. Rowe Price Summit Municipal Intermediate Fund T. Rowe Price Summit Municipal Money Market Fund T. ROWE PRICE TAX-EFFICIENT FUNDS, INC. T. Rowe Price Tax-Efficient Balanced Fund T. Rowe Price Tax-Efficient Growth Fund T. Rowe Price Tax-Efficient Multi-Cap Growth Fund T. ROWE PRICE TAX-EXEMPT MONEY FUND, INC. T. ROWE PRICE TAX-FREE HIGH YIELD FUND, INC. T. ROWE PRICE TAX-FREE INCOME FUND, INC. T. Rowe Price Tax-Free Income Fund--Advisor Class T. ROWE PRICE TAX-FREE INTERMEDIATE BOND FUND, INC. T. ROWE PRICE TAX-FREE SHORT-INTERMEDIATE FUND, INC. T. ROWE PRICE U.S. BOND INDEX FUND, INC. T. ROWE PRICE U.S. TREASURY FUNDS, INC. U.S. Treasury Intermediate Fund U.S. Treasury Long-Term Fund U.S. Treasury Money Fund T. ROWE PRICE VALUE FUND, INC. T. Rowe Price Value Fund--Advisor Class
Attest: /s/ Patricia B. Lippert /s/ Joseph A. Carrier Patricia B. Lippert By: Joseph A. Carrier Secretary Treasurer Attest: T. ROWE PRICE SERVICES, INC. /s/ Barbara A. Van Horn /s/ Henry H. Hopkins Barbara A. Van Horn By: Henry H. Hopkins Secretary Vice President
AMENDMENT NO. 3
TRANSFER AGENCY AND SERVICE AGREEMENT
Between
T. ROWE PRICE SERVICES, INC.
And
THE T. ROWE PRICE FUNDS
The Transfer Agency and Service Agreement of January 1, 2006, between T. Rowe Price Services, Inc., and each of the Parties listed on Appendix A thereto is hereby amended, as of February 7, 2006, April 19, 2006, and July 19, 2006, by adding thereto T. Rowe Price Short-Term Income Fund, Inc. and T. Rowe Price Institutional Equity Funds, Inc., on behalf of T. Rowe Price Institutional Concentrated Large-Cap Value Fund.
T. ROWE PRICE BALANCED FUND, INC. T. ROWE PRICE BLUE CHIP GROWTH FUND, INC. T. Rowe Price Blue Chip Growth Fund--Advisor Class T. Rowe Price Blue Chip Growth Fund--R Class T. ROWE PRICE CALIFORNIA TAX-FREE INCOME TRUST California Tax-Free Bond Fund California Tax-Free Money Fund T. ROWE PRICE CAPITAL APPRECIATION FUND T. Rowe Price Capital Appreciation Fund--Advisor Class T. ROWE PRICE CAPITAL OPPORTUNITY FUND, INC. T. Rowe Price Capital Opportunity Fund--Advisor Class T. Rowe Price Capital Opportunity Fund--R Class T. ROWE PRICE CORPORATE INCOME FUND, INC. T. ROWE PRICE DEVELOPING TECHNOLOGIES FUND, INC. T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND, INC. T. ROWE PRICE DIVERSIFIED SMALL-CAP GROWTH FUND, INC. T. ROWE PRICE DIVIDEND GROWTH FUND, INC. T. Rowe Price Dividend Growth Fund--Advisor Class T. ROWE PRICE EQUITY INCOME FUND T. Rowe Price Equity Income Fund--Advisor Class T. Rowe Price Equity Income Fund--R Class T. ROWE PRICE EQUITY SERIES, INC. T. Rowe Price Blue Chip Growth Portfolio T. Rowe Price Blue Chip Growth Portfolio-II T. Rowe Price Equity Income Portfolio T. Rowe Price Equity Income Portfolio-II T. Rowe Price Equity Index 500 Portfolio T. Rowe Price Health Sciences Portfolio T. Rowe Price Health Sciences Portfolio-II T. Rowe Price Mid-Cap Growth Portfolio T. Rowe Price Mid-Cap Growth Portfolio-II T. Rowe Price New America Growth Portfolio T. Rowe Price Personal Strategy Balanced Portfolio T. ROWE PRICE FINANCIAL SERVICES FUND, INC. T. ROWE PRICE FIXED INCOME SERIES, INC. T. Rowe Price Limited-Term Bond Portfolio T. Rowe Price Limited-Term Bond Portfolio-II T. Rowe Price Prime Reserve Portfolio T. ROWE PRICE GLOBAL TECHNOLOGY FUND, INC. T. ROWE PRICE GNMA FUND T. ROWE PRICE GROWTH & INCOME FUND, INC. T. ROWE PRICE GROWTH STOCK FUND, INC. T. Rowe Price Growth Stock Fund--Advisor Class T. Rowe Price Growth Stock Fund--R Class T. ROWE PRICE HEALTH SCIENCES FUND, INC. T. ROWE PRICE HIGH YIELD FUND, INC. T. Rowe Price High Yield Fund--Advisor Class T. ROWE PRICE INDEX TRUST, INC. T. Rowe Price Equity Index 500 Fund T. Rowe Price Extended Equity Market Index Fund T. Rowe Price Total Equity Market Index Fund T. ROWE PRICE INFLATION PROTECTED BOND FUND, INC. T. ROWE PRICE INSTITUTIONAL EQUITY FUNDS, INC. T. Rowe Price Institutional Concentrated Large-Cap Value Fund T. Rowe Price Institutional Large-Cap Core Growth Fund T. Rowe Price Institutional Large-Cap Growth Fund T. Rowe Price Institutional Large-Cap Value Fund T. Rowe Price Institutional Mid-Cap Equity Growth Fund T. Rowe Price Institutional Small-Cap Stock Fund T. ROWE PRICE INSTITUTIONAL INCOME FUNDS, INC. T. Rowe Price Institutional Core Plus Fund T. Rowe Price Institutional High Yield Fund T. ROWE PRICE INSTITUTIONAL INTERNATIONAL FUNDS, INC. T. Rowe Price Institutional Emerging Markets Equity Fund T. Rowe Price Institutional Foreign Equity Fund T. Rowe Price Institutional Global Equity Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. T. Rowe Price Emerging Europe & Mediterranean Fund T. Rowe Price Emerging Markets Bond Fund T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price Global Stock Fund--Advisor Class T. Rowe Price International Bond Fund T. Rowe Price International Bond Fund--Advisor Class T. Rowe Price International Discovery Fund T. Rowe Price International Growth & Income Fund T. Rowe Price International Growth & Income Fund--Advisor Class T. Rowe Price International Growth & Income Fund--R Class T. Rowe Price International Stock Fund T. Rowe Price International Stock Fund--Advisor Class T. Rowe Price International Stock Fund--R Class T. Rowe Price Japan Fund T. Rowe Price Latin America Fund T. Rowe Price New Asia Fund T. ROWE PRICE INTERNATIONAL INDEX FUND, INC. T. Rowe Price International Equity Index Fund T. ROWE PRICE INTERNATIONAL SERIES, INC. T. Rowe Price International Stock Portfolio T. ROWE PRICE MEDIA & TELECOMMUNICATIONS FUND, INC. T. ROWE PRICE MID-CAP GROWTH FUND, INC. T. Rowe Price Mid-Cap Growth Fund--Advisor Class T. Rowe Price Mid-Cap Growth Fund--R Class T. ROWE PRICE MID-CAP VALUE FUND, INC. T. Rowe Price Mid-Cap Value Fund--Advisor Class T. Rowe Price Mid-Cap Value Fund--R Class T. ROWE PRICE NEW AMERICA GROWTH FUND T. Rowe Price New America Growth Fund--Advisor Class T. ROWE PRICE NEW ERA FUND, INC. T. ROWE PRICE NEW HORIZONS FUND, INC. T. ROWE PRICE NEW INCOME FUND, INC. T. Rowe Price New Income Fund--Advisor Class T. Rowe Price New Income Fund--R Class T. ROWE PRICE PERSONAL STRATEGY FUNDS, INC. T. Rowe Price Personal Strategy Balanced Fund T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund T. ROWE PRICE PRIME RESERVE FUND, INC. T. ROWE PRICE REAL ESTATE FUND, INC. T. Rowe Price Real Estate Fund--Advisor Class T. ROWE PRICE RESERVE INVESTMENT FUNDS, INC. T. Rowe Price Government Reserve Investment Fund T. Rowe Price Reserve Investment Fund T. ROWE PRICE RETIREMENT FUNDS, INC. T. Rowe Price Retirement 2005 Fund T. Rowe Price Retirement 2010 Fund T. Rowe Price Retirement 2010 Fund--Advisor Class T. Rowe Price Retirement 2010 Fund--R Class T. Rowe Price Retirement 2015 Fund T. Rowe Price Retirement 2020 Fund T. Rowe Price Retirement 2020 Fund--Advisor Class T. Rowe Price Retirement 2020 Fund--R Class T. Rowe Price Retirement 2025 Fund T. Rowe Price Retirement 2030 Fund T. Rowe Price Retirement 2030 Fund--Advisor Class T. Rowe Price Retirement 2030 Fund--R Class T. Rowe Price Retirement 2035 Fund T. Rowe Price Retirement 2040 Fund T. Rowe Price Retirement 2040 Fund--Advisor Class T. Rowe Price Retirement 2040 Fund--R Class T. Rowe Price Retirement 2045 Fund T. Rowe Price Retirement Income Fund T. Rowe Price Retirement Income Fund--Advisor Class T. Rowe Price Retirement Income Fund--R Class T. ROWE PRICE SCIENCE & TECHNOLOGY FUND, INC. T. Rowe Price Science & Technology Fund--Advisor Class T. ROWE PRICE SHORT-TERM BOND FUND, INC. T. Rowe Price Short-Term Bond Fund--Advisor Class T. ROWE PRICE SHORT-TERM INCOME FUND, INC. T. ROWE PRICE SMALL-CAP STOCK FUND, INC. T. Rowe Price Small-Cap Stock Fund--Advisor Class T. ROWE PRICE SMALL-CAP VALUE FUND, INC. T. Rowe Price Small-Cap Value Fund--Advisor Class T. ROWE PRICE SPECTRUM FUND, INC. Spectrum Growth Fund Spectrum Income Fund Spectrum International Fund T. ROWE PRICE STATE TAX-FREE INCOME TRUST Florida Intermediate Tax-Free Fund 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 Virginia Tax-Free Bond Fund T. ROWE PRICE SUMMIT FUNDS, INC. T. Rowe Price Summit Cash Reserves Fund T. Rowe Price Summit GNMA Fund T. ROWE PRICE SUMMIT MUNICIPAL FUNDS, INC. T. Rowe Price Summit Municipal Income Fund T. Rowe Price Summit Municipal Intermediate Fund T. Rowe Price Summit Municipal Money Market Fund T. ROWE PRICE TAX-EFFICIENT FUNDS, INC. T. Rowe Price Tax-Efficient Balanced Fund T. Rowe Price Tax-Efficient Growth Fund T. Rowe Price Tax-Efficient Multi-Cap Growth Fund T. ROWE PRICE TAX-EXEMPT MONEY FUND, INC. T. ROWE PRICE TAX-FREE HIGH YIELD FUND, INC. T. ROWE PRICE TAX-FREE INCOME FUND, INC. T. Rowe Price Tax-Free Income Fund--Advisor Class T. ROWE PRICE TAX-FREE INTERMEDIATE BOND FUND, INC. T. ROWE PRICE TAX-FREE SHORT-INTERMEDIATE FUND, INC. T. ROWE PRICE U.S. BOND INDEX FUND, INC. T. ROWE PRICE U.S. TREASURY FUNDS, INC. U.S. Treasury Intermediate Fund U.S. Treasury Long-Term Fund U.S. Treasury Money Fund T. ROWE PRICE VALUE FUND, INC. T. Rowe Price Value Fund--Advisor Class
Attest: /s/ Patricia B. Lippert /s/ Joseph A. Carrier ____________________ ____________________ Patricia B. Lippert By: Joseph A. Carrier Secretary Treasurer Attest: T. ROWE PRICE SERVICES, INC. /s/ Barbara A. Van Horn /s/ Henry H. Hopkins ____________________ ____________________ Barbara A. Van Horn By: Henry H. Hopkins Secretary Vice President
AGREEMENT
between
T. ROWE PRICE ASSOCIATES, INC.
and
THE T. ROWE PRICE FUNDS
for
FUND ACCOUNTING SERVICES
TABLE OF CONTENTSPage
Article A Terms of Appointment/Duties of Price Associates 1 Article B Fees and Expenses 3 Article C Representations and Warranties of Price Associates 3 Article D Representations and Warranties of the Fund 4 Article E Ownership of Software and Related Material 4 Article F Quality Service Standards 4 Article G Standard of Care/Indemnification 4 Article H Dual Interests 7 Article I Documentation 7 Article J Recordkeeping/Confidentiality 7 Article K Compliance with Governmental Rules and Regulations 8 Article L Term and Termination of Agreement 8 Article M Notice 8 Article N Assignment 8 Article O Amendment/Interpretive Provisions 9 Article P Further Assurances 9 Article Q Maryland Law to Apply 9 Article R Merger of Agreement 9 Article S Counterparts 9 Article T The Parties 10 Article U Directors, Trustee and Shareholders and Massachusetts Business Trust 10 Article V Captions 11 i
AGREEMENT made as of thefirstday of January, 2006, by and between T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation having its principal office and place of business at 100East Pratt Street, Baltimore, Maryland 21202 ("Price Associates"), and each Fund which is listed on Appendix A (as such Appendix may be amended from time to time) and which evidences its agreement to be bound hereby by executing a copy of this Agreement (each such Fund individually hereinafter referred to as "the Fund", whose definition may be found in Article T);
WHEREAS, Price Associates has the capability of providing the Funds with certain accounting services ("Accounting Services");
WHEREAS, the Fund desires to appoint Price Associates to provide these Accounting Services and Price Associates desires to accept such appointment;
WHEREAS, Price Associates may subcontract or jointly contract with other parties, on behalf of the Funds to perform certain of the functions and services described herein;
WHEREAS, the Board of Directors/Trustees of the Fund (the "Board") has authorized the Fund to utilize various pricing services for the purpose of providing to Price Associates securities prices for the calculation of the Fund's net asset value.
NOW, THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto agree as follows:
A. Terms of Appointment/Duties of Price AssociatesSubject to the terms and conditions set forth in this Agreement, the Fund hereby employs and appoints Price Associates to provide, and Price Associates agrees to provide, the following Accounting Services:
Price Associates shall have no liability for any losses or damages incurred by the Fund as a result of erroneous portfolio security evaluations provided by such designated sources and/or pricing services; provided that, Price Associates reasonably believes the prices are accurate, has adhered to its normal verification control procedures, and has otherwise met the standard of care as set forth in Article G of this Agreement;
For the accounting services performed hereunder, the Fund shall pay the fees and expenses as mutually agreed upon by both parties.
C. Representations and Warrantees of Price AssociatesPrice Associates represents and warrants to the Fund that:
The Fund represents and warrants to Price Associates that:
All computer programs, magnetic tapes, written procedures, and similar items purchased and/or developed and used by Price Associates in performance of this Agreement shall be the property of Price Associates and will not become the property of the Funds.
F. Quality Service StandardsPrice Associates and the Fund may, from time to time, agree to certain quality service standards, with respect to Price Associates' services hereunder.
G. Standard of Care/IndemnificationNotwithstanding anything to the contrary in this Agreement:
It is understood that Price Associates is not obligated to have in place separate procedures to prevent each and every conceivable type of error or omission. The term "appropriate procedures and adequate system of internal controls" shall mean procedures and controls reasonably designed to prevent and detect errors and omissions. In determining the reasonableness of such procedures and controls, weight will be given to such factors as are appropriate, including the prior occurrence of any similar errors or omissions when such procedures and controls were in place and fund accounting industry standards in place at the time of the error.
It is understood that some person or persons may be directors, officers, or shareholders of both the Fund and Price Associates (including Price Associates' affiliates), and that the existence of any such dual interest shall not affect the validity of this Agreement or of any transactions hereunder except as otherwise provided by a specific provision of applicable law.
I. DocumentationAs requested by Price Associates, the Fund shall promptly furnish to Price Associates such documents as it may reasonably request and as are necessary for Price Associates to carry out its responsibilities hereunder.
J. Recordkeeping/ConfidentialityExcept as otherwise provided in the Agreement and except for the accuracy of information furnished to the Funds by Price Associates, each Fund assumes full responsibility for the preparation, contents and distribution of its prospectuses, and for complying with all applicable requirements of the Act, the '34 Act, the Securities Act of 1933 ("the '33 Act"), and any laws, rules and regulations of governmental authorities having jurisdiction over the Funds.
L. Term and Termination of AgreementAny notice as required by this Agreement shall be sufficiently given (i) when sent to an authorized person of the other party at the address of such party set forth above or at such other address as such party may from time to time specify in writing to the other party; or (ii) as otherwise agreed upon by appropriate officers of the parties hereto.
N. AssignmentNeither this Agreement nor any rights or obligations hereunder may be assigned either voluntarily or involuntarily, by operation of law or otherwise, by either party without the prior written consent of the other party, provided this shall not preclude Price Associates from employing such agents and subcontractors as it deems appropriate to carry out its obligations set forth hereunder.
O. Amendment/Interpretive ProvisionsThe parties by mutual written agreement may amend this Agreement at any time. In addition, in connection with the operation of this Agreement, Price Associates and the Fund may agree from time to time on such provisions interpretive of or in addition to the provisions of this Agreement as may in their joint opinion be consistent with the general tenor of this Agreement. Any such interpretive or additional provisions are to be signed by all parties and annexed hereto, but no such provision shall contravene any applicable Federal or state law or regulation and no such interpretive or additional provision shall be deemed to be an amendment of this Agreement.
P. Further AssurancesEach party agrees to perform such further acts and execute such further documents as are necessary to effectuate the purposes hereof.
Q. Maryland Law to ApplyThis Agreement shall be construed and the provisions thereof interpreted under and in accordance with the laws of Maryland.
R. Merger of AgreementThis Agreement, including the attached Appendix and Schedule supersedes any prior agreement with respect to the subject hereof, whether oral or written.
S. CounterpartsThis Agreement may be executed by the parties hereto on any number of counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instruments.
T. The PartiesAll references herein to "the Fund" are to each of the Funds listed on Appendix A individually or any class thereof, as if this Agreement were between such individual Fund and Price Associates. In the case of a series Fund or trust, all references to "the Fund" are to the individual series or portfolio of such Fund or trust, or to such Fund or trust on behalf of the individual series or portfolio, as appropriate. The "Fund" also includes any T. Rowe Price Funds that may be established after the execution of this Agreement. Any reference in this Agreement to "the parties" shall mean Price Associates and such other individual Fund as to which the matter pertains.
U. Directors, Trustees and Shareholders and Massachusetts Business TrustIt 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, the term "Fund" means and refers to the trustees from time to time serving under the applicable trust agreement (Declaration of Trust) of such 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.
V. CaptionsThe captions in the Agreement are included for convenience of reference only and in no way define or limit any of the provisions hereof or otherwise affect their construction or effect.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed in their names and on their behalf under their seals by and through their duly authorized officers.
T. ROWE PRICE ASSOCIATES, INC. T. ROWE PRICE FUNDS BY:/s/Henry H. Hopkins BY:/s/Joseph A. Carrier DATED: March 16, 2006 DATED: March 16, 2006
APPENDIX A
T. ROWE PRICE BALANCED FUND, INC. T. ROWE PRICE BLUE CHIP GROWTH FUND, INC. T. Rowe Price Blue Chip Growth Fund--Advisor Class T. Rowe Price Blue Chip Growth Fund--R Class T. ROWE PRICE CALIFORNIA TAX-FREE INCOME TRUST California Tax-Free Bond Fund California Tax-Free Money Fund T. ROWE PRICE CAPITAL APPRECIATION FUND T. Rowe Price Capital Appreciation Fund--Advisor Class T. ROWE PRICE CAPITAL OPPORTUNITY FUND, INC. T. Rowe Price Capital Opportunity Fund--Advisor Class T. Rowe Price Capital Opportunity Fund--R Class T. ROWE PRICE CORPORATE INCOME FUND, INC. T. ROWE PRICE DEVELOPING TECHNOLOGIES FUND, INC. T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND, INC. T. ROWE PRICE DIVERSIFIED SMALL-CAP GROWTH FUND, INC. T. ROWE PRICE DIVIDEND GROWTH FUND, INC. T. Rowe Price Dividend Growth Fund--Advisor Class T. ROWE PRICE EQUITY INCOME FUND T. Rowe Price Equity Income Fund--Advisor Class T. Rowe Price Equity Income Fund--R Class T. ROWE PRICE EQUITY SERIES, INC. T. Rowe Price Blue Chip Growth Portfolio T. Rowe Price Blue Chip Growth Portfolio-II T. Rowe Price Equity Income Portfolio T. Rowe Price Equity Income Portfolio-II T. Rowe Price Equity Index 500 Portfolio T. Rowe Price Health Sciences Portfolio T. Rowe Price Health Sciences Portfolio-II T. Rowe Price Mid-Cap Growth Portfolio T. Rowe Price Mid-Cap Growth Portfolio-II T. Rowe Price New America Growth Portfolio T. Rowe Price Personal Strategy Balanced Portfolio T. ROWE PRICE FINANCIAL SERVICES FUND, INC. T. ROWE PRICE FIXED INCOME SERIES, INC. T. Rowe Price Limited-Term Bond Portfolio T. Rowe Price Limited-Term Bond Portfolio-II T. Rowe Price Prime Reserve Portfolio T. ROWE PRICE GLOBAL TECHNOLOGY FUND, INC. T. ROWE PRICE GNMA FUND T. ROWE PRICE GROWTH & INCOME FUND, INC. T. ROWE PRICE GROWTH STOCK FUND, INC. T. Rowe Price Growth Stock Fund--Advisor Class T. Rowe Price Growth Stock Fund--R Class T. ROWE PRICE HEALTH SCIENCES FUND, INC. T. ROWE PRICE HIGH YIELD FUND, INC. T. Rowe Price High Yield Fund--Advisor Class T. ROWE PRICE INDEX TRUST, INC. T. Rowe Price Equity Index 500 Fund T. Rowe Price Extended Equity Market Index Fund T. Rowe Price Total Equity Market Index Fund T. ROWE PRICE INFLATION PROTECTED BOND FUND, INC. T. ROWE PRICE INSTITUTIONAL EQUITY FUNDS, INC. T. Rowe Price Institutional Large-Cap Core Growth Fund T. Rowe Price Institutional Large-Cap Growth Fund T. Rowe Price Institutional Large-Cap Value Fund T. Rowe Price Institutional Mid-Cap Equity Growth Fund T. Rowe Price Institutional Small-Cap Stock Fund T. ROWE PRICE INSTITUTIONAL INCOME FUNDS, INC. T. Rowe Price Institutional Core Plus Fund T. Rowe Price Institutional High Yield Fund T. ROWE PRICE INSTITUTIONAL INTERNATIONAL FUNDS, INC. T. Rowe Price Institutional Emerging Markets Equity Fund T. Rowe Price Institutional Foreign Equity Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. T. Rowe Price Emerging Europe & Mediterranean Fund T. Rowe Price Emerging Markets Bond Fund T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price International Bond Fund T. Rowe Price International Bond Fund--Advisor Class T. Rowe Price International Discovery Fund T. Rowe Price International Growth & Income Fund T. Rowe Price International Growth & Income Fund--Advisor Class T. Rowe Price International Growth & Income Fund--R Class T. Rowe Price International Stock Fund T. Rowe Price International Stock Fund--Advisor Class T. Rowe Price International Stock Fund--R Class T. Rowe Price Japan Fund T. Rowe Price Latin America Fund T. Rowe Price New Asia Fund T. ROWE PRICE INTERNATIONAL INDEX FUND, INC. T. Rowe Price International Equity Index Fund T. ROWE PRICE INTERNATIONAL SERIES, INC. T. Rowe Price International Stock Portfolio T. ROWE PRICE MEDIA & TELECOMMUNICATIONS FUND, INC. T. ROWE PRICE MID-CAP GROWTH FUND, INC. T. Rowe Price Mid-Cap Growth Fund--Advisor Class T. Rowe Price Mid-Cap Growth Fund--R Class T. ROWE PRICE MID-CAP VALUE FUND, INC. T. Rowe Price Mid-Cap Value Fund--Advisor Class T. Rowe Price Mid-Cap Value Fund--R Class T. ROWE PRICE NEW AMERICA GROWTH FUND T. Rowe Price New America Growth Fund--Advisor Class T. ROWE PRICE NEW ERA FUND, INC. T. ROWE PRICE NEW HORIZONS FUND, INC. T. ROWE PRICE NEW INCOME FUND, INC. T. Rowe Price New Income Fund--Advisor Class T. Rowe Price New Income Fund--R Class T. ROWE PRICE PERSONAL STRATEGY FUNDS, INC. T. Rowe Price Personal Strategy Balanced Fund T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund T. ROWE PRICE PRIME RESERVE FUND, INC. T. ROWE PRICE REAL ESTATE FUND, INC. T. Rowe Price Real Estate Fund --Advisor Class T. ROWE PRICE RESERVE INVESTMENT FUNDS, INC. T. Rowe Price Government Reserve Investment Fund T. Rowe Price Reserve Investment Fund T. ROWE PRICE RETIREMENT FUNDS, INC. T. Rowe Price Retirement 2005 Fund T. Rowe Price Retirement 2010 Fund T. Rowe Price Retirement 2010 Fund--Advisor Class T. Rowe Price Retirement 2010 Fund--R Class T. Rowe Price Retirement 2015 Fund T. Rowe Price Retirement 2020 Fund T. Rowe Price Retirement 2020 Fund--Advisor Class T. Rowe Price Retirement 2020 Fund--R Class T. Rowe Price Retirement 2025 Fund T. Rowe Price Retirement 2030 Fund T. Rowe Price Retirement 2030 Fund--Advisor Class T. Rowe Price Retirement 2030 Fund--R Class T. Rowe Price Retirement 2035 Fund T. Rowe Price Retirement 2040 Fund T. Rowe Price Retirement 2040 Fund--Advisor Class T. Rowe Price Retirement 2040 Fund--R Class T. Rowe Price Retirement 2045 Fund T. Rowe Price Retirement Income Fund T. Rowe Price Retirement Income Fund--Advisor Class T. Rowe Price Retirement Income Fund--R Class T. ROWE PRICE SCIENCE & TECHNOLOGY FUND, INC. T. Rowe Price Science & Technology Fund--Advisor Class T. ROWE PRICE SHORT-TERM BOND FUND, INC. T. Rowe Price Short-Term Bond Fund--Advisor Class T. ROWE PRICE SMALL-CAP STOCK FUND, INC. T. Rowe Price Small-Cap Stock Fund--Advisor Class T. ROWE PRICE SMALL-CAP VALUE FUND, INC. T. Rowe Price Small-Cap Value Fund--Advisor Class T. ROWE PRICE SPECTRUM FUND, INC. Spectrum Growth Fund Spectrum Income Fund Spectrum International Fund T. ROWE PRICE STATE TAX-FREE INCOME TRUST Florida Intermediate Tax-Free Fund Georgia Tax-Free Bond Fund Maryland Short-Term TaxFree 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 Virginia Tax-Free Bond Fund T. ROWE PRICE SUMMIT FUNDS, INC. T. Rowe Price Summit Cash Reserves Fund T. Rowe Price Summit GNMA Fund T. ROWE PRICE SUMMIT MUNICIPAL FUNDS, INC. T. Rowe Price Summit Municipal Income Fund T. Rowe Price Summit Municipal Intermediate Fund T. Rowe Price Summit Municipal Money Market Fund T. ROWE PRICE TAX-EFFICIENT FUNDS, INC. T. Rowe Price Tax-Efficient Balanced Fund T. Rowe Price Tax-Efficient Growth Fund T. Rowe Price Tax-Efficient Multi-Cap Growth Fund T. ROWE PRICE TAX-EXEMPT MONEY FUND, INC. T. ROWE PRICE TAX-FREE HIGH YIELD FUND, INC. T. ROWE PRICE TAX-FREE INCOME FUND, INC. T. Rowe Price Tax-Free Income Fund--Advisor Class T. ROWE PRICE TAX-FREE INTERMEDIATE BOND FUND, INC. T. ROWE PRICE TAX-FREE SHORT-INTERMEDIATE FUND, INC. T. ROWE PRICE U.S. BOND INDEX FUND, INC. T. ROWE PRICE U.S. TREASURY FUNDS, INC. U.S. Treasury Intermediate Fund U.S. Treasury Long-Term Fund U.S. Treasury Money Fund T. ROWE PRICE VALUE FUND, INC. T. Rowe Price Value Fund--Advisor Class
AMENDMENT NO. 1
AGREEMENT
between
T. ROWE PRICE ASSOCIATES, INC.
and
THE T. ROWE PRICE FUNDS
for
FUND ACCOUNTING SERVICES
The Agreement for Fund Accounting Services of January 1, 2006, between T. Rowe Price Associates, Inc. and each of the Parties listed on Appendix A thereto is hereby amended, as of February 7, 2006, by adding thereto T.Rowe Price International Funds, Inc., on behalf of T.Rowe Price Global Stock Fund--Advisor Class.
T. ROWE PRICE BALANCED FUND, INC. T. ROWE PRICE BLUE CHIP GROWTH FUND, INC. T. Rowe Price Blue Chip Growth Fund--Advisor Class T. Rowe Price Blue Chip Growth Fund--R Class T. ROWE PRICE CALIFORNIA TAX-FREE INCOME TRUST California Tax-Free Bond Fund California Tax-Free Money Fund T. ROWE PRICE CAPITAL APPRECIATION FUND T. Rowe Price Capital Appreciation Fund--Advisor Class T. ROWE PRICE CAPITAL OPPORTUNITY FUND, INC. T. Rowe Price Capital Opportunity Fund--Advisor Class T. Rowe Price Capital Opportunity Fund--R Class T. ROWE PRICE CORPORATE INCOME FUND, INC. T. ROWE PRICE DEVELOPING TECHNOLOGIES FUND, INC. T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND, INC. T. ROWE PRICE DIVERSIFIED SMALL-CAP GROWTH FUND, INC. T. ROWE PRICE DIVIDEND GROWTH FUND, INC. T. Rowe Price Dividend Growth Fund--Advisor Class T. ROWE PRICE EQUITY INCOME FUND T. Rowe Price Equity Income Fund--Advisor Class T. Rowe Price Equity Income Fund--R Class T. ROWE PRICE EQUITY SERIES, INC. T. Rowe Price Blue Chip Growth Portfolio T. Rowe Price Blue Chip Growth Portfolio-II T. Rowe Price Equity Income Portfolio T. Rowe Price Equity Income Portfolio-II T. Rowe Price Equity Index 500 Portfolio T. Rowe Price Health Sciences Portfolio T. Rowe Price Health Sciences Portfolio-II T. Rowe Price Mid-Cap Growth Portfolio T. Rowe Price Mid-Cap Growth Portfolio-II T. Rowe Price New America Growth Portfolio T. Rowe Price Personal Strategy Balanced Portfolio T. ROWE PRICE FINANCIAL SERVICES FUND, INC. T. ROWE PRICE FIXED INCOME SERIES, INC. T. Rowe Price Limited-Term Bond Portfolio T. Rowe Price Limited-Term Bond Portfolio-II T. Rowe Price Prime Reserve Portfolio T. ROWE PRICE GLOBAL TECHNOLOGY FUND, INC. T. ROWE PRICE GNMA FUND T. ROWE PRICE GROWTH & INCOME FUND, INC. T. ROWE PRICE GROWTH STOCK FUND, INC. T. Rowe Price Growth Stock Fund--Advisor Class T. Rowe Price Growth Stock Fund--R Class T. ROWE PRICE HEALTH SCIENCES FUND, INC. T. ROWE PRICE HIGH YIELD FUND, INC. T. Rowe Price High Yield Fund--Advisor Class T. ROWE PRICE INDEX TRUST, INC. T. Rowe Price Equity Index 500 Fund T. Rowe Price Extended Equity Market Index Fund T. Rowe Price Total Equity Market Index Fund T. ROWE PRICE INFLATION PROTECTED BOND FUND, INC. T. ROWE PRICE INSTITUTIONAL EQUITY FUNDS, INC. T. Rowe Price Institutional Large-Cap Core Growth Fund T. Rowe Price Institutional Large-Cap Growth Fund T. Rowe Price Institutional Large-Cap Value Fund T. Rowe Price Institutional Mid-Cap Equity Growth Fund T. Rowe Price Institutional Small-Cap Stock Fund T. ROWE PRICE INSTITUTIONAL INCOME FUNDS, INC. T. Rowe Price Institutional Core Plus Fund T. Rowe Price Institutional High Yield Fund T. ROWE PRICE INSTITUTIONAL INTERNATIONAL FUNDS, INC. T. Rowe Price Institutional Emerging Markets Equity Fund T. Rowe Price Institutional Foreign Equity Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. T. Rowe Price Emerging Europe & Mediterranean Fund T. Rowe Price Emerging Markets Bond Fund T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price Global Stock Fund--Advisor Class T. Rowe Price International Bond Fund T. Rowe Price International Bond Fund--Advisor Class T. Rowe Price International Discovery Fund T. Rowe Price International Growth & Income Fund T. Rowe Price International Growth & Income Fund--Advisor Class T. Rowe Price International Growth & Income Fund--R Class T. Rowe Price International Stock Fund T. Rowe Price International Stock Fund--Advisor Class T. Rowe Price International Stock Fund--R Class T. Rowe Price Japan Fund T. Rowe Price Latin America Fund T. Rowe Price New Asia Fund T. ROWE PRICE INTERNATIONAL INDEX FUND, INC. T. Rowe Price International Equity Index Fund T. ROWE PRICE INTERNATIONAL SERIES, INC. T. Rowe Price International Stock Portfolio T. ROWE PRICE MEDIA & TELECOMMUNICATIONS FUND, INC. T. ROWE PRICE MID-CAP GROWTH FUND, INC. T. Rowe Price Mid-Cap Growth Fund--Advisor Class T. Rowe Price Mid-Cap Growth Fund--R Class T. ROWE PRICE MID-CAP VALUE FUND, INC. T. Rowe Price Mid-Cap Value Fund--Advisor Class T. Rowe Price Mid-Cap Value Fund--R Class T. ROWE PRICE NEW AMERICA GROWTH FUND T. Rowe Price New America Growth Fund--Advisor Class T. ROWE PRICE NEW ERA FUND, INC. T. ROWE PRICE NEW HORIZONS FUND, INC. T. ROWE PRICE NEW INCOME FUND, INC. T. Rowe Price New Income Fund--Advisor Class T. Rowe Price New Income Fund--R Class T. ROWE PRICE PERSONAL STRATEGY FUNDS, INC. T. Rowe Price Personal Strategy Balanced Fund T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund T. ROWE PRICE PRIME RESERVE FUND, INC. T. ROWE PRICE REAL ESTATE FUND, INC. T. Rowe Price Real Estate Fund--Advisor Class T. ROWE PRICE RESERVE INVESTMENT FUNDS, INC. T. Rowe Price Government Reserve Investment Fund T. Rowe Price Reserve Investment Fund T. ROWE PRICE RETIREMENT FUNDS, INC. T. Rowe Price Retirement 2005 Fund T. Rowe Price Retirement 2010 Fund T. Rowe Price Retirement 2010 Fund--Advisor Class T. Rowe Price Retirement 2010 Fund--R Class T. Rowe Price Retirement 2015 Fund T. Rowe Price Retirement 2020 Fund T. Rowe Price Retirement 2020 Fund--Advisor Class T. Rowe Price Retirement 2020 Fund--R Class T. Rowe Price Retirement 2025 Fund T. Rowe Price Retirement 2030 Fund T. Rowe Price Retirement 2030 Fund--Advisor Class T. Rowe Price Retirement 2030 Fund--R Class T. Rowe Price Retirement 2035 Fund T. Rowe Price Retirement 2040 Fund T. Rowe Price Retirement 2040 Fund--Advisor Class T. Rowe Price Retirement 2040 Fund--R Class T. Rowe Price Retirement 2045 Fund T. Rowe Price Retirement Income Fund T. Rowe Price Retirement Income Fund--Advisor Class T. Rowe Price Retirement Income Fund--R Class T. ROWE PRICE SCIENCE & TECHNOLOGY FUND, INC. T. Rowe Price Science & Technology Fund--Advisor Class T. ROWE PRICE SHORT-TERM BOND FUND, INC. T. Rowe Price Short-Term Bond Fund--Advisor Class T. ROWE PRICE SMALL-CAP STOCK FUND, INC. T. Rowe Price Small-Cap Stock Fund--Advisor Class T. ROWE PRICE SMALL-CAP VALUE FUND, INC. T. Rowe Price Small-Cap Value Fund--Advisor Class T. ROWE PRICE SPECTRUM FUND, INC. Spectrum Growth Fund Spectrum Income Fund Spectrum International Fund T. ROWE PRICE STATE TAX-FREE INCOME TRUST Florida Intermediate Tax-Free Fund Georgia Tax-Free Bond Fund Maryland Short-Term TaxFree 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 Virginia Tax-Free Bond Fund T. ROWE PRICE SUMMIT FUNDS, INC. T. Rowe Price Summit Cash Reserves Fund T. Rowe Price Summit GNMA Fund T. ROWE PRICE SUMMIT MUNICIPAL FUNDS, INC. T. Rowe Price Summit Municipal Income Fund T. Rowe Price Summit Municipal Intermediate Fund T. Rowe Price Summit Municipal Money Market Fund T. ROWE PRICE TAX-EFFICIENT FUNDS, INC. T. Rowe Price Tax-Efficient Balanced Fund T. Rowe Price Tax-Efficient Growth Fund T. Rowe Price Tax-Efficient Multi-Cap Growth Fund T. ROWE PRICE TAX-EXEMPT MONEY FUND, INC. T. ROWE PRICE TAX-FREE HIGH YIELD FUND, INC. T. ROWE PRICE TAX-FREE INCOME FUND, INC. T. Rowe Price Tax-Free Income Fund--Advisor Class T. ROWE PRICE TAX-FREE INTERMEDIATE BOND FUND, INC. T. ROWE PRICE TAX-FREE SHORT-INTERMEDIATE FUND, INC. T. ROWE PRICE U.S. BOND INDEX FUND, INC. T. ROWE PRICE U.S. TREASURY FUNDS, INC. U.S. Treasury Intermediate Fund U.S. Treasury Long-Term Fund U.S. Treasury Money Fund T. ROWE PRICE VALUE FUND, INC. T. Rowe Price Value Fund--Advisor Class
Attest: /s/Patricia B. Lippert /s/Joseph A. Carrier Patricia B. Lippert By: Joseph A. Carrier Secretary Treasurer Attest: T. ROWE PRICE ASSOCIATES, INC. /s/Barbara A. Van Horn /s/Henry H. Hopkins Barbara A. Van Horn By: Henry H. Hopkins Secretary Vice President
AMENDMENT NO. 2
AGREEMENT
between
T. ROWE PRICE ASSOCIATES, INC.
and
THE T. ROWE PRICE FUNDS
for
FUND ACCOUNTING SERVICES
The Agreement for Fund Accounting Services of January 1, 2006, between T. Rowe Price Associates, Inc. and each of the Parties listed on Appendix A thereto is hereby amended, as of February 7, 2006 and April 19, 2006, by adding thereto T.Rowe Price Institutional International Funds, Inc., on behalf of T.Rowe Price Institutional Global Equity Fund.
T. ROWE PRICE BALANCED FUND, INC. T. ROWE PRICE BLUE CHIP GROWTH FUND, INC. T. Rowe Price Blue Chip Growth Fund--Advisor Class T. Rowe Price Blue Chip Growth Fund--R Class T. ROWE PRICE CALIFORNIA TAX-FREE INCOME TRUST California Tax-Free Bond Fund California Tax-Free Money Fund T. ROWE PRICE CAPITAL APPRECIATION FUND T. Rowe Price Capital Appreciation Fund--Advisor Class T. ROWE PRICE CAPITAL OPPORTUNITY FUND, INC. T. Rowe Price Capital Opportunity Fund--Advisor Class T. Rowe Price Capital Opportunity Fund--R Class T. ROWE PRICE CORPORATE INCOME FUND, INC. T. ROWE PRICE DEVELOPING TECHNOLOGIES FUND, INC. T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND, INC. T. ROWE PRICE DIVERSIFIED SMALL-CAP GROWTH FUND, INC. T. ROWE PRICE DIVIDEND GROWTH FUND, INC. T. Rowe Price Dividend Growth Fund--Advisor Class T. ROWE PRICE EQUITY INCOME FUND T. Rowe Price Equity Income Fund--Advisor Class T. Rowe Price Equity Income Fund--R Class T. ROWE PRICE EQUITY SERIES, INC. T. Rowe Price Blue Chip Growth Portfolio T. Rowe Price Blue Chip Growth Portfolio-II T. Rowe Price Equity Income Portfolio T. Rowe Price Equity Income Portfolio-II T. Rowe Price Equity Index 500 Portfolio T. Rowe Price Health Sciences Portfolio T. Rowe Price Health Sciences Portfolio-II T. Rowe Price Mid-Cap Growth Portfolio T. Rowe Price Mid-Cap Growth Portfolio-II T. Rowe Price New America Growth Portfolio T. Rowe Price Personal Strategy Balanced Portfolio T. ROWE PRICE FINANCIAL SERVICES FUND, INC. T. ROWE PRICE FIXED INCOME SERIES, INC. T. Rowe Price Limited-Term Bond Portfolio T. Rowe Price Limited-Term Bond Portfolio-II T. Rowe Price Prime Reserve Portfolio T. ROWE PRICE GLOBAL TECHNOLOGY FUND, INC. T. ROWE PRICE GNMA FUND T. ROWE PRICE GROWTH & INCOME FUND, INC. T. ROWE PRICE GROWTH STOCK FUND, INC. T. Rowe Price Growth Stock Fund--Advisor Class T. Rowe Price Growth Stock Fund--R Class T. ROWE PRICE HEALTH SCIENCES FUND, INC. T. ROWE PRICE HIGH YIELD FUND, INC. T. Rowe Price High Yield Fund--Advisor Class T. ROWE PRICE INDEX TRUST, INC. T. Rowe Price Equity Index 500 Fund T. Rowe Price Extended Equity Market Index Fund T. Rowe Price Total Equity Market Index Fund T. ROWE PRICE INFLATION PROTECTED BOND FUND, INC. T. ROWE PRICE INSTITUTIONAL EQUITY FUNDS, INC. T. Rowe Price Institutional Large-Cap Core Growth Fund T. Rowe Price Institutional Large-Cap Growth Fund T. Rowe Price Institutional Large-Cap Value Fund T. Rowe Price Institutional Mid-Cap Equity Growth Fund T. Rowe Price Institutional Small-Cap Stock Fund T. ROWE PRICE INSTITUTIONAL INCOME FUNDS, INC. T. Rowe Price Institutional Core Plus Fund T. Rowe Price Institutional High Yield Fund T. ROWE PRICE INSTITUTIONAL INTERNATIONAL FUNDS, INC. T. Rowe Price Institutional Emerging Markets Equity Fund T. Rowe Price Institutional Foreign Equity Fund T. Rowe Price Institutional Global Equity Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. T. Rowe Price Emerging Europe & Mediterranean Fund T. Rowe Price Emerging Markets Bond Fund T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price Global Stock Fund--Advisor Class T. Rowe Price International Bond Fund T. Rowe Price International Bond Fund--Advisor Class T. Rowe Price International Discovery Fund T. Rowe Price International Growth & Income Fund T. Rowe Price International Growth & Income Fund--Advisor Class T. Rowe Price International Growth & Income Fund--R Class T. Rowe Price International Stock Fund T. Rowe Price International Stock Fund--Advisor Class T. Rowe Price International Stock Fund--R Class T. Rowe Price Japan Fund T. Rowe Price Latin America Fund T. Rowe Price New Asia Fund T. ROWE PRICE INTERNATIONAL INDEX FUND, INC. T. Rowe Price International Equity Index Fund T. ROWE PRICE INTERNATIONAL SERIES, INC. T. Rowe Price International Stock Portfolio T. ROWE PRICE MEDIA & TELECOMMUNICATIONS FUND, INC. T. ROWE PRICE MID-CAP GROWTH FUND, INC. T. Rowe Price Mid-Cap Growth Fund--Advisor Class T. Rowe Price Mid-Cap Growth Fund--R Class T. ROWE PRICE MID-CAP VALUE FUND, INC. T. Rowe Price Mid-Cap Value Fund--Advisor Class T. Rowe Price Mid-Cap Value Fund--R Class T. ROWE PRICE NEW AMERICA GROWTH FUND T. Rowe Price New America Growth Fund--Advisor Class T. ROWE PRICE NEW ERA FUND, INC. T. ROWE PRICE NEW HORIZONS FUND, INC. T. ROWE PRICE NEW INCOME FUND, INC. T. Rowe Price New Income Fund--Advisor Class T. Rowe Price New Income Fund--R Class T. ROWE PRICE PERSONAL STRATEGY FUNDS, INC. T. Rowe Price Personal Strategy Balanced Fund T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund T. ROWE PRICE PRIME RESERVE FUND, INC. T. ROWE PRICE REAL ESTATE FUND, INC. T. Rowe Price Real Estate Fund--Advisor Class T. ROWE PRICE RESERVE INVESTMENT FUNDS, INC. T. Rowe Price Government Reserve Investment Fund T. Rowe Price Reserve Investment Fund T. ROWE PRICE RETIREMENT FUNDS, INC. T. Rowe Price Retirement 2005 Fund T. Rowe Price Retirement 2010 Fund T. Rowe Price Retirement 2010 Fund--Advisor Class T. Rowe Price Retirement 2010 Fund--R Class T. Rowe Price Retirement 2015 Fund T. Rowe Price Retirement 2020 Fund T. Rowe Price Retirement 2020 Fund--Advisor Class T. Rowe Price Retirement 2020 Fund--R Class T. Rowe Price Retirement 2025 Fund T. Rowe Price Retirement 2030 Fund T. Rowe Price Retirement 2030 Fund--Advisor Class T. Rowe Price Retirement 2030 Fund--R Class T. Rowe Price Retirement 2035 Fund T. Rowe Price Retirement 2040 Fund T. Rowe Price Retirement 2040 Fund--Advisor Class T. Rowe Price Retirement 2040 Fund--R Class T. Rowe Price Retirement 2045 Fund T. Rowe Price Retirement Income Fund T. Rowe Price Retirement Income Fund--Advisor Class T. Rowe Price Retirement Income Fund--R Class T. ROWE PRICE SCIENCE & TECHNOLOGY FUND, INC. T. Rowe Price Science & Technology Fund--Advisor Class T. ROWE PRICE SHORT-TERM BOND FUND, INC. T. Rowe Price Short-Term Bond Fund--Advisor Class T. ROWE PRICE SMALL-CAP STOCK FUND, INC. T. Rowe Price Small-Cap Stock Fund--Advisor Class T. ROWE PRICE SMALL-CAP VALUE FUND, INC. T. Rowe Price Small-Cap Value Fund--Advisor Class T. ROWE PRICE SPECTRUM FUND, INC. Spectrum Growth Fund Spectrum Income Fund Spectrum International Fund T. ROWE PRICE STATE TAX-FREE INCOME TRUST Florida Intermediate Tax-Free Fund Georgia Tax-Free Bond Fund Maryland Short-Term TaxFree 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 Virginia Tax-Free Bond Fund T. ROWE PRICE SUMMIT FUNDS, INC. T. Rowe Price Summit Cash Reserves Fund T. Rowe Price Summit GNMA Fund T. ROWE PRICE SUMMIT MUNICIPAL FUNDS, INC. T. Rowe Price Summit Municipal Income Fund T. Rowe Price Summit Municipal Intermediate Fund T. Rowe Price Summit Municipal Money Market Fund T. ROWE PRICE TAX-EFFICIENT FUNDS, INC. T. Rowe Price Tax-Efficient Balanced Fund T. Rowe Price Tax-Efficient Growth Fund T. Rowe Price Tax-Efficient Multi-Cap Growth Fund T. ROWE PRICE TAX-EXEMPT MONEY FUND, INC. T. ROWE PRICE TAX-FREE HIGH YIELD FUND, INC. T. ROWE PRICE TAX-FREE INCOME FUND, INC. T. Rowe Price Tax-Free Income Fund--Advisor Class T. ROWE PRICE TAX-FREE INTERMEDIATE BOND FUND, INC. T. ROWE PRICE TAX-FREE SHORT-INTERMEDIATE FUND, INC. T. ROWE PRICE U.S. BOND INDEX FUND, INC. T. ROWE PRICE U.S. TREASURY FUNDS, INC. U.S. Treasury Intermediate Fund U.S. Treasury Long-Term Fund U.S. Treasury Money Fund T. ROWE PRICE VALUE FUND, INC. T. Rowe Price Value Fund--Advisor Class
Attest: /s/Patricia B. Lippert /s/Joseph A. Carrier Patricia B. Lippert By: Joseph A. Carrier Secretary Treasurer Attest: T. ROWE PRICE ASSOCIATES, INC. /s/Barbara A. Van Horn /s/Henry H. Hopkins Barbara A. Van Horn By: Henry H. Hopkins Secretary Vice President
AMENDMENT NO. 3
AGREEMENT
between
T. ROWE PRICE ASSOCIATES, INC.
and
THE T. ROWE PRICE FUNDS
for
FUND ACCOUNTING SERVICES
The Agreement for Fund Accounting Services of January 1, 2006, between T. Rowe Price Associates, Inc. and each of the Parties listed on Appendix A thereto is hereby amended, as of February 7, 2006, April 19, 2006, and July 19, 2006, by adding thereto T. Rowe Price Short-Term Income Fund, Inc. and T. Rowe Price Institutional Equity Funds, Inc., on behalf of T. Rowe Price Institutional Concentrated Large-Cap Value Fund.
T. ROWE PRICE BALANCED FUND, INC. T. ROWE PRICE BLUE CHIP GROWTH FUND, INC. T. Rowe Price Blue Chip Growth Fund--Advisor Class T. Rowe Price Blue Chip Growth Fund--R Class T. ROWE PRICE CALIFORNIA TAX-FREE INCOME TRUST California Tax-Free Bond Fund California Tax-Free Money Fund T. ROWE PRICE CAPITAL APPRECIATION FUND T. Rowe Price Capital Appreciation Fund--Advisor Class T. ROWE PRICE CAPITAL OPPORTUNITY FUND, INC. T. Rowe Price Capital Opportunity Fund--Advisor Class T. Rowe Price Capital Opportunity Fund--R Class T. ROWE PRICE CORPORATE INCOME FUND, INC. T. ROWE PRICE DEVELOPING TECHNOLOGIES FUND, INC. T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND, INC. T. ROWE PRICE DIVERSIFIED SMALL-CAP GROWTH FUND, INC. T. ROWE PRICE DIVIDEND GROWTH FUND, INC. T. Rowe Price Dividend Growth Fund--Advisor Class T. ROWE PRICE EQUITY INCOME FUND T. Rowe Price Equity Income Fund--Advisor Class T. Rowe Price Equity Income Fund--R Class T. ROWE PRICE EQUITY SERIES, INC. T. Rowe Price Blue Chip Growth Portfolio T. Rowe Price Blue Chip Growth Portfolio-II T. Rowe Price Equity Income Portfolio T. Rowe Price Equity Income Portfolio-II T. Rowe Price Equity Index 500 Portfolio T. Rowe Price Health Sciences Portfolio T. Rowe Price Health Sciences Portfolio-II T. Rowe Price Mid-Cap Growth Portfolio T. Rowe Price Mid-Cap Growth Portfolio-II T. Rowe Price New America Growth Portfolio T. Rowe Price Personal Strategy Balanced Portfolio T. ROWE PRICE FINANCIAL SERVICES FUND, INC. T. ROWE PRICE FIXED INCOME SERIES, INC. T. Rowe Price Limited-Term Bond Portfolio T. Rowe Price Limited-Term Bond Portfolio-II T. Rowe Price Prime Reserve Portfolio T. ROWE PRICE GLOBAL TECHNOLOGY FUND, INC. T. ROWE PRICE GNMA FUND T. ROWE PRICE GROWTH & INCOME FUND, INC. T. ROWE PRICE GROWTH STOCK FUND, INC. T. Rowe Price Growth Stock Fund--Advisor Class T. Rowe Price Growth Stock Fund--R Class T. ROWE PRICE HEALTH SCIENCES FUND, INC. T. ROWE PRICE HIGH YIELD FUND, INC. T. Rowe Price High Yield Fund--Advisor Class T. ROWE PRICE INDEX TRUST, INC. T. Rowe Price Equity Index 500 Fund T. Rowe Price Extended Equity Market Index Fund T. Rowe Price Total Equity Market Index Fund T. ROWE PRICE INFLATION PROTECTED BOND FUND, INC. T. ROWE PRICE INSTITUTIONAL EQUITY FUNDS, INC. T. Rowe Price Institutional Concentrated Large-Cap Value Fund T. Rowe Price Institutional Large-Cap Core Growth Fund T. Rowe Price Institutional Large-Cap Growth Fund T. Rowe Price Institutional Large-Cap Value Fund T. Rowe Price Institutional Mid-Cap Equity Growth Fund T. Rowe Price Institutional Small-Cap Stock Fund T. ROWE PRICE INSTITUTIONAL INCOME FUNDS, INC. T. Rowe Price Institutional Core Plus Fund T. Rowe Price Institutional High Yield Fund T. ROWE PRICE INSTITUTIONAL INTERNATIONAL FUNDS, INC. T. Rowe Price Institutional Emerging Markets Equity Fund T. Rowe Price Institutional Foreign Equity Fund T. Rowe Price Institutional Global Equity Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. T. Rowe Price Emerging Europe & Mediterranean Fund T. Rowe Price Emerging Markets Bond Fund T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price Global Stock Fund--Advisor Class T. Rowe Price International Bond Fund T. Rowe Price International Bond Fund--Advisor Class T. Rowe Price International Discovery Fund T. Rowe Price International Growth & Income Fund T. Rowe Price International Growth & Income Fund--Advisor Class T. Rowe Price International Growth & Income Fund--R Class T. Rowe Price International Stock Fund T. Rowe Price International Stock Fund--Advisor Class T. Rowe Price International Stock Fund--R Class T. Rowe Price Japan Fund T. Rowe Price Latin America Fund T. Rowe Price New Asia Fund T. ROWE PRICE INTERNATIONAL INDEX FUND, INC. T. Rowe Price International Equity Index Fund T. ROWE PRICE INTERNATIONAL SERIES, INC. T. Rowe Price International Stock Portfolio T. ROWE PRICE MEDIA & TELECOMMUNICATIONS FUND, INC. T. ROWE PRICE MID-CAP GROWTH FUND, INC. T. Rowe Price Mid-Cap Growth Fund--Advisor Class T. Rowe Price Mid-Cap Growth Fund--R Class T. ROWE PRICE MID-CAP VALUE FUND, INC. T. Rowe Price Mid-Cap Value Fund--Advisor Class T. Rowe Price Mid-Cap Value Fund--R Class T. ROWE PRICE NEW AMERICA GROWTH FUND T. Rowe Price New America Growth Fund--Advisor Class T. ROWE PRICE NEW ERA FUND, INC. T. ROWE PRICE NEW HORIZONS FUND, INC. T. ROWE PRICE NEW INCOME FUND, INC. T. Rowe Price New Income Fund--Advisor Class T. Rowe Price New Income Fund--R Class T. ROWE PRICE PERSONAL STRATEGY FUNDS, INC. T. Rowe Price Personal Strategy Balanced Fund T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund T. ROWE PRICE PRIME RESERVE FUND, INC. T. ROWE PRICE REAL ESTATE FUND, INC. T. Rowe Price Real Estate Fund--Advisor Class T. ROWE PRICE RESERVE INVESTMENT FUNDS, INC. T. Rowe Price Government Reserve Investment Fund T. Rowe Price Reserve Investment Fund T. ROWE PRICE RETIREMENT FUNDS, INC. T. Rowe Price Retirement 2005 Fund T. Rowe Price Retirement 2010 Fund T. Rowe Price Retirement 2010 Fund--Advisor Class T. Rowe Price Retirement 2010 Fund--R Class T. Rowe Price Retirement 2015 Fund T. Rowe Price Retirement 2020 Fund T. Rowe Price Retirement 2020 Fund--Advisor Class T. Rowe Price Retirement 2020 Fund--R Class T. Rowe Price Retirement 2025 Fund T. Rowe Price Retirement 2030 Fund T. Rowe Price Retirement 2030 Fund--Advisor Class T. Rowe Price Retirement 2030 Fund--R Class T. Rowe Price Retirement 2035 Fund T. Rowe Price Retirement 2040 Fund T. Rowe Price Retirement 2040 Fund--Advisor Class T. Rowe Price Retirement 2040 Fund--R Class T. Rowe Price Retirement 2045 Fund T. Rowe Price Retirement Income Fund T. Rowe Price Retirement Income Fund--Advisor Class T. Rowe Price Retirement Income Fund--R Class T. ROWE PRICE SCIENCE & TECHNOLOGY FUND, INC. T. Rowe Price Science & Technology Fund--Advisor Class T. ROWE PRICE SHORT-TERM BOND FUND, INC. T. Rowe Price Short-Term Bond Fund--Advisor Class T. ROWE PRICE SHORT-TERM INCOME FUND, INC. T. ROWE PRICE SMALL-CAP STOCK FUND, INC. T. Rowe Price Small-Cap Stock Fund--Advisor Class T. ROWE PRICE SMALL-CAP VALUE FUND, INC. T. Rowe Price Small-Cap Value Fund--Advisor Class T. ROWE PRICE SPECTRUM FUND, INC. Spectrum Growth Fund Spectrum Income Fund Spectrum International Fund T. ROWE PRICE STATE TAX-FREE INCOME TRUST Florida Intermediate Tax-Free Fund 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 Virginia Tax-Free Bond Fund T. ROWE PRICE SUMMIT FUNDS, INC. T. Rowe Price Summit Cash Reserves Fund T. Rowe Price Summit GNMA Fund T. ROWE PRICE SUMMIT MUNICIPAL FUNDS, INC. T. Rowe Price Summit Municipal Income Fund T. Rowe Price Summit Municipal Intermediate Fund T. Rowe Price Summit Municipal Money Market Fund T. ROWE PRICE TAX-EFFICIENT FUNDS, INC. T. Rowe Price Tax-Efficient Balanced Fund T. Rowe Price Tax-Efficient Growth Fund T. Rowe Price Tax-Efficient Multi-Cap Growth Fund T. ROWE PRICE TAX-EXEMPT MONEY FUND, INC. T. ROWE PRICE TAX-FREE HIGH YIELD FUND, INC. T. ROWE PRICE TAX-FREE INCOME FUND, INC. T. Rowe Price Tax-Free Income Fund--Advisor Class T. ROWE PRICE TAX-FREE INTERMEDIATE BOND FUND, INC. T. ROWE PRICE TAX-FREE SHORT-INTERMEDIATE FUND, INC. T. ROWE PRICE U.S. BOND INDEX FUND, INC. T. ROWE PRICE U.S. TREASURY FUNDS, INC. U.S. Treasury Intermediate Fund U.S. Treasury Long-Term Fund U.S. Treasury Money Fund T. ROWE PRICE VALUE FUND, INC. T. Rowe Price Value Fund--Advisor Class
Attest: /s/Patricia B. Lippert /s/Joseph A. Carrier Patricia B. Lippert By: Joseph A. Carrier Secretary Treasurer Attest: T. ROWE PRICE ASSOCIATES, INC. /s/Barbara A. Van Horn /s/Henry H. Hopkins Barbara A. Van Horn By: Henry H. Hopkins Secretary Vice President
AGREEMENT
between
T. ROWE PRICE RETIREMENT PLAN SERVICES, INC.
and
T. ROWE PRICE FUNDS
TABLE OF CONTENTSPage
Article A Terms of Appointment 2 Article B Duties of RPS 2 Article C Fees and Expenses 2 Article D Representations and Warranties of RPS 2 Article E Representations and Warranties of the Fund 3 Article F Standard of Care/Indemnification 3 Article G Dual Interests 6 Article H Documentation 6 Article I Recordkeeping/Confidentiality 8 Article J Ownership of Software and Related Material 8 Article K As Of Transactions 8 1. Reporting 9 2. Liability 10 Article L Term and Termination of Agreement 12 Article M Notice 12 Article N Assignment 12 Article O Amendment/Interpretive Provisions 13 Article P Further Assurances 13 Article Q Maryland Law to Apply 13 Article R Merger of Agreement 13 Article S Counterparts 13 Article T The Parties 13 Article U Directors, Trustees and Shareholders and Massachusetts Business Trust 14 Article V Captions 14 SCHEDULE 1 APPENDIX A
AGREEMENT, made as of the first day of January, 2006, by and between T. ROWE PRICE RETIREMENT PLAN SERVICES, INC., a Maryland corporation having its principal office and place of business at 100 East Pratt Street, Baltimore, Maryland 21202 ("RPS"), and EACH FUND WHICH IS LISTED ON APPENDIX A (as such Appendix may be amended from time to time) and which evidences its agreement to be bound hereby by executing a copy of this Agreement (each Fund hereinafter referred to as "the Fund") whose definition may be found in Article T;
WHEREAS, the Funds are named investment options under various tax-sheltered plans, including, but not limited to, state and local government deferred compensation plans, 403(b) plans, and profit sharing, thrift, 401(k) and money purchase pension plans for self-employed individuals, professional partnerships and corporations (collectively referred to as "Retirement Plans"); and the Fund has determined that such investments of Retirement Plans in the Funds are in the best longterm interest of the Funds;
WHEREAS, RPS has the capability of providing services, on behalf of the Fund, for the accounts of individuals ("Participants") participating in these Retirement Plans ("Retirement Accounts");
WHEREAS, RPS represents that it is registered with the Securities and Exchange Commission as a Transfer Agent under Section 17A of the Securities Exchange Act of 1934 (the "'34 Act");
WHEREAS, the Fund desires to contract with RPS to provide the functions and services described herein in connection with the Retirement Plans and Retirement Accounts; and
WHEREAS, RPS may subcontract or jointly contract with other parties on behalf of the Funds to perform certain of the functions described herein.
NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto agree as follows:
A. Terms of AppointmentSubject to the terms and conditions set forth in this Agreement, the Fund hereby employs and appoints RPS to perform the services and functions described herein in connection with certain Retirement Plans and Retirement Accounts as agreed upon by the parties.
B. Duties of RPSRPS agrees that it will perform the services set forth on Schedule 1 of this Agreement in accordance with all rules and regulations, the Fund's then-current prospectus, and policies and procedures adopted by RPS.
C. Fees and ExpensesFor the services performed on Schedule 1 of this Agreement, the Fund shall pay the fees and expenses as mutually agreed upon by both parties.
D. Representations and Warranties of RPSRPS represents and warrants to the Fund that:
The Fund represents and warrants to RPS that:
Notwithstanding anything to the contrary in this Agreement:
It is understood that RPS is not obligated to have in place separate procedures to prevent each and every conceivable type of error or omission. The term "appropriate procedures" shall mean procedures reasonably designed to prevent and detect errors and omissions. In determining the reasonableness of such procedures, weight will be given to such factors as are appropriate, including the prior occurrence of any similar errors or omissions when such procedures were in place and transfer agent industry standards in place at the time of the occurrence.
It is understood that some person or persons may be directors, officers, or shareholders of both RPS and the Fund and that the existence of any such dual interest shall not affect the validity of this Agreement or of any transactions hereunder except as otherwise provided by a specific provision of applicable law.
H. DocumentationThe delivery of any such document to either party hereto for the purpose of any other agreement to which the Fund and RPS are or were parties shall be deemed to be delivery for the purposes of this Agreement.
All computer programs, magnetic tapes, written procedures and similar items purchased and/or developed and used by RPS in performance of the Agreement shall be the property of RPS and will not become the property of the Fund.
K. As Of TransactionsFor purposes of this Article K, the term "Transaction" shall mean any single or "related transaction" (as defined below) involving the purchase or redemption of shares (including exchanges) processed at a time other than the time of the computation of the Fund's net asset value per share next computed after receipt of any such transaction order by RPS due to an act or omission of RPS. "As Of Processing" refers to the processing of these Transactions. All As Of Processing may only be performed in accordance with the requirements of Rule 22c-1 of the '40 Act. RPS is responsible for monitoring As Of Transactions procedures that set forth the circumstances under which As Of Transactions are permitted. If more than one Transaction ("Related Transaction") in the Fund is caused by or occurs as a result of the same act or omission, such transactions shall be aggregated with other transactions in the Fund and be considered as one Transaction.
Any notice as required by this Agreement shall be sufficiently given (i) when sent to an authorized person of the other party at the address of such party set forth above or at such other address as such party may from time to time specify in writing to the other party; or (ii) as otherwise agreed upon by appropriate officers of the parties hereto.
N. AssignmentNeither this Agreement nor any rights or obligations hereunder may be assigned either voluntarily or involuntarily, by operation of law or otherwise, by either party without the prior written consent of the other party.
O. Amendment/Interpretive ProvisionsThe parties by mutual written agreement may amend this Agreement at any time. In addition, in connection with the operation of this Agreement, RPS and the Fund may agree from time to time on such provisions interpretive of or in addition to the provisions of this Agreement as in their joint opinion may be consistent with the general tenor of this Agreement. Any such interpretive or additional provisions are to be signed by all parties and annexed hereto, but no such provision shall contravene any applicable federal or state law or regulation and no such interpretive or additional provision shall be deemed to be an amendment of this Agreement.
P. Further AssurancesEach party agrees to perform such further acts and execute such further documents as are necessary to effectuate the purposes hereof.
Q. Maryland Law to ApplyThis Agreement shall be construed and the provisions thereof interpreted under and in accordance with the laws of Maryland.
R. Merger of AgreementThis Agreement, including the attached Schedule supersede any prior agreement with respect to the subject hereof, whether oral or written.
S. CounterpartsThis Agreement may be executed by the parties hereto in any number of counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument.
T. The PartiesAll references herein to "the Fund" are to each of the Funds listed on Appendix A individually, as if this Agreement were between such individual Fund and RPS. In the case of a series Fund or trust, all references to "the Fund" are to the individual series or portfolio of such Fund or trust, or to such Fund or trust on behalf of the individual series or portfolio, as appropriate. The "Fund" also includes any T. Rowe Price Fund which may be established after the date of this Agreement. Any reference in this Agreement to "the parties" shall mean RPS and such other individual Fund as to which the matter pertains.
U. Directors, Trustees and Shareholders and Massachusetts Business TrustIt 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, the term "Fund" means and refers to the trustees from time to time serving under the applicable trust agreement (Declaration of Trust) of such 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.
V. CaptionsThe captions in the Agreement are included for convenience of reference only and in no way define or limit any of the provisions hereof or otherwise affect their construction or effect.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed in their names and on their behalf under their seals by and through their duly authorized officers.
T. ROWE PRICE RETIREMENT PLAN T. ROWE PRICE FUNDS SERVICES, INC. BY:/s/Charles E. Vieth BY:/s/Joseph A. Carrier DATED: March 22, 2006 DATED: March 16, 2006
SCHEDULE 1RPS agrees that it will perform services on behalf of the Funds in accordance with procedures developed and maintained by RPS, all applicable laws and the Funds then-current prospectus. Such services include, but are not limited to, the following:
- Establishing Participant Accounts - - Processing Purchase and Redemption Orders - - Receiving and Disbursing Settlement Proceeds - - Assessing and Remitting Redemption Fees - - Processing Exchange Orders - - Processing Maintenance Requests in Participant Accounts - - Processing Adjustments in Participant Accounts - - Handling Returned Checks and ACH Debits - - Processing Dividends, Distributions and Other Fund Corporate Actions Affecting Participant Accounts - - Preparing and Filing Participant Tax Information - - Monitoring and Enforcing the Funds Excessive Trading Policy - - Complying with Procedures for Federal Tax Withholding - - Responding to Correspondence relating to Participant Accounts - - Maintaining Telephone, VRU and Computer Services to Service Participant Accounts - - Distributing and Tabulating Fund Proxies - - Preparing and Delivering Confirmations, Statements and Tax Forms to Participants - - Delivering Prospectuses, Shareholder Reports and Other Required Mailings to Participants/Plans in the Fund, as required - - Coordinating with Independent Public Accountants for Reviews and Audits - - Maintaining Books and Records for the Funds - - Maintaining and Providing Information Necessary for the Completion of Form NSAR & N-CSR - - Furnishing Information to the Fund - - Performing Bank Reconciliation Process - - Performing such Other Services as Mutually Agreed Upon by Both Parties
APPENDIX A
T. ROWE PRICE BALANCED FUND, INC. T. ROWE PRICE BLUE CHIP GROWTH FUND, INC. T. Rowe Price Blue Chip Growth Fund--R Class T. ROWE PRICE CAPITAL APPRECIATION FUND T. ROWE PRICE CAPITAL OPPORTUNITY FUND, INC. T. Rowe Price Capital Opportunity Fund--R Class T. ROWE PRICE CORPORATE INCOME FUND, INC. T. ROWE PRICE DEVELOPING TECHNOLOGIES FUND, INC. T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND, INC. T. ROWE PRICE DIVERSIFIED SMALL-CAP GROWTH FUND, INC. T. ROWE PRICE DIVIDEND GROWTH FUND, INC. T. ROWE PRICE EQUITY INCOME FUND T. Rowe Price Equity Income Fund--R Class T. ROWE PRICE FINANCIAL SERVICES FUND, INC. T. ROWE PRICE GLOBAL TECHNOLOGY FUND, INC. T. ROWE PRICE GNMA FUND T. ROWE PRICE GROWTH & INCOME FUND, INC. T. ROWE PRICE GROWTH STOCK FUND, INC. T. Rowe Price Growth Stock Fund--R Class T. ROWE PRICE HEALTH SCIENCES FUND, INC. T. ROWE PRICE HIGH YIELD FUND, INC. T. ROWE PRICE INDEX TRUST, INC. T. Rowe Price Equity Index 500 Fund T. Rowe Price Extended Equity Market Index Fund T. Rowe Price Total Equity Market Index Fund T. ROWE PRICE INFLATION PROTECTED BOND FUND, INC. T. ROWE PRICE INSTITUTIONAL EQUITY FUNDS, INC. T. Rowe Price Institutional Large-Cap Core Growth Fund T. Rowe Price Institutional Large-Cap Growth Fund T. Rowe Price Institutional Large-Cap Value Fund T. Rowe Price Institutional Mid-Cap Equity Growth Fund T. Rowe Price Institutional Small-Cap Stock Fund T. ROWE PRICE INSTITUTIONAL INCOME FUNDS, INC. T. Rowe Price Institutional Core Plus Fund T. Rowe Price Institutional High Yield Fund T. ROWE PRICE INSTITUTIONAL INTERNATIONAL FUNDS, INC. T. Rowe Price Institutional Emerging Markets Equity Fund T. Rowe Price Institutional Foreign Equity Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. T. Rowe Price Emerging Europe & Mediterranean Fund T. Rowe Price Emerging Markets Bond Fund T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price International Bond Fund T. Rowe Price International Discovery Fund T. Rowe Price International Growth & Income Fund T. Rowe Price International Growth & Income Fund--R Class T. Rowe Price International Stock Fund T. Rowe Price International Stock Fund--R Class T. Rowe Price Japan Fund T. Rowe Price Latin America Fund T. Rowe Price New Asia Fund T. ROWE PRICE INTERNATIONAL INDEX FUND, INC. T. Rowe Price International Equity Index Fund T. ROWE PRICE MEDIA & TELECOMMUNICATIONS FUND, INC. T. ROWE PRICE MID-CAP GROWTH FUND, INC. T. Rowe Price Mid-Cap Growth Fund--R Class T. ROWE PRICE MID-CAP VALUE FUND, INC. T. Rowe Price Mid-Cap Value Fund--R Class T. ROWE PRICE NEW AMERICA GROWTH FUND T. ROWE PRICE NEW ERA FUND, INC. T. ROWE PRICE NEW HORIZONS FUND, INC. T. ROWE PRICE NEW INCOME FUND, INC. T. Rowe Price New Income Fund--R Class T. ROWE PRICE PERSONAL STRATEGY FUNDS, INC. T. Rowe Price Personal Strategy Balanced Fund T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund T. ROWE PRICE PRIME RESERVE FUND, INC. T. ROWE PRICE REAL ESTATE FUND, INC. T. ROWE PRICE RETIREMENT FUNDS, INC. T. Rowe Price Retirement 2005 Fund T. Rowe Price Retirement 2010 Fund T. Rowe Price Retirement 2010 Fund--R Class T. Rowe Price Retirement 2015 Fund T. Rowe Price Retirement 2020 Fund T. Rowe Price Retirement 2020 Fund--R Class T. Rowe Price Retirement 2025 Fund T. Rowe Price Retirement 2030 Fund T. Rowe Price Retirement 2030 Fund--R Class T. Rowe Price Retirement 2035 Fund T. Rowe Price Retirement 2040 Fund T. Rowe Price Retirement 2040 Fund--R Class T. Rowe Price Retirement 2045 Fund T. Rowe Price Retirement Income Fund T. Rowe Price Retirement Income Fund--R Class T. ROWE PRICE SCIENCE & TECHNOLOGY FUND, INC. T. ROWE PRICE SHORT-TERM BOND FUND, INC. T. ROWE PRICE SMALL-CAP STOCK FUND, INC. T. ROWE PRICE SMALL-CAP VALUE FUND, INC. T. ROWE PRICE SPECTRUM FUND, INC. Spectrum Growth Fund Spectrum Income Fund Spectrum International Fund T. ROWE PRICE SUMMIT FUNDS, INC. T. Rowe Price Summit Cash Reserves Fund T. Rowe Price Summit GNMA Fund T. ROWE PRICE U.S. BOND INDEX FUND, INC. T. ROWE PRICE U.S. TREASURY FUNDS, INC. U.S. Treasury Intermediate Fund U.S. Treasury Long-Term Fund U.S. Treasury Money Fund T. ROWE PRICE VALUE FUND, INC.
AMENDMENT NO. 1
AGREEMENT
Between
T. ROWE PRICE RETIREMENT PLAN SERVICES, INC.
and
EACH OF THE PARTIES INDICATED ON APPENDIX A
The Retirement Plan Services Contract of January 1, 2006, between T. Rowe Price Retirement Plan Services, Inc. and each of the Parties listed on Appendix A thereto is hereby amended, as of April 19, 2006, by adding thereto T.Rowe Price Institutional International Funds, Inc., on behalf of T. Rowe Price Institutional Global Equity Fund.
T. ROWE PRICE BALANCED FUND, INC. T. ROWE PRICE BLUE CHIP GROWTH FUND, INC. T. Rowe Price Blue Chip Growth Fund--R Class T. ROWE PRICE CAPITAL APPRECIATION FUND T. ROWE PRICE CAPITAL OPPORTUNITY FUND, INC. T. Rowe Price Capital Opportunity Fund--R Class T. ROWE PRICE CORPORATE INCOME FUND, INC. T. ROWE PRICE DEVELOPING TECHNOLOGIES FUND, INC. T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND, INC. T. ROWE PRICE DIVERSIFIED SMALL-CAP GROWTH FUND, INC. T. ROWE PRICE DIVIDEND GROWTH FUND, INC. T. ROWE PRICE EQUITY INCOME FUND T. Rowe Price Equity Income Fund--R Class T. ROWE PRICE FINANCIAL SERVICES FUND, INC. T. ROWE PRICE GLOBAL TECHNOLOGY FUND, INC. T. ROWE PRICE GNMA FUND T. ROWE PRICE GROWTH & INCOME FUND, INC. T. ROWE PRICE GROWTH STOCK FUND, INC. T. Rowe Price Growth Stock Fund--R Class T. ROWE PRICE HEALTH SCIENCES FUND, INC. T. ROWE PRICE HIGH YIELD FUND, INC. T. ROWE PRICE INDEX TRUST, INC. T. Rowe Price Equity Index 500 Fund T. Rowe Price Extended Equity Market Index Fund T. Rowe Price Total Equity Market Index Fund T. ROWE PRICE INFLATION PROTECTED BOND FUND, INC. T. ROWE PRICE INSTITUTIONAL EQUITY FUNDS, INC. T. Rowe Price Institutional Large-Cap Core Growth Fund T. Rowe Price Institutional Large-Cap Growth Fund T. Rowe Price Institutional Large-Cap Value Fund T. Rowe Price Institutional Mid-Cap Equity Growth Fund T. Rowe Price Institutional Small-Cap Stock Fund T. ROWE PRICE INSTITUTIONAL INCOME FUNDS, INC. T. Rowe Price Institutional Core Plus Fund T. Rowe Price Institutional High Yield Fund T. ROWE PRICE INSTITUTIONAL INTERNATIONAL FUNDS, INC. T. Rowe Price Institutional Emerging Markets Equity Fund T. Rowe Price Institutional Foreign Equity Fund T. Rowe Price Institutional Global Equity Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. T. Rowe Price Emerging Europe & Mediterranean Fund T. Rowe Price Emerging Markets Bond Fund T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price International Bond Fund T. Rowe Price International Discovery Fund T. Rowe Price International Growth & Income Fund T. Rowe Price International Growth & Income Fund--R Class T. Rowe Price International Stock Fund T. Rowe Price International Stock Fund--R Class T. Rowe Price Japan Fund T. Rowe Price Latin America Fund T. Rowe Price New Asia Fund T. ROWE PRICE INTERNATIONAL INDEX FUND, INC. T. Rowe Price International Equity Index Fund T. ROWE PRICE MEDIA & TELECOMMUNICATIONS FUND, INC. T. ROWE PRICE MID-CAP GROWTH FUND, INC. T. Rowe Price Mid-Cap Growth Fund--R Class T. ROWE PRICE MID-CAP VALUE FUND, INC. T. Rowe Price Mid-Cap Value Fund--R Class T. ROWE PRICE NEW AMERICA GROWTH FUND T. ROWE PRICE NEW ERA FUND, INC. T. ROWE PRICE NEW HORIZONS FUND, INC. T. ROWE PRICE NEW INCOME FUND, INC. T. Rowe Price New Income Fund--R Class T. ROWE PRICE PERSONAL STRATEGY FUNDS, INC. T. Rowe Price Personal Strategy Balanced Fund T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund T. ROWE PRICE PRIME RESERVE FUND, INC. T. ROWE PRICE REAL ESTATE FUND, INC. T. ROWE PRICE RETIREMENT FUNDS, INC. T. Rowe Price Retirement 2005 Fund T. Rowe Price Retirement 2010 Fund T. Rowe Price Retirement 2010 Fund--R Class T. Rowe Price Retirement 2015 Fund T. Rowe Price Retirement 2020 Fund T. Rowe Price Retirement 2020 Fund--R Class T. Rowe Price Retirement 2025 Fund T. Rowe Price Retirement 2030 Fund T. Rowe Price Retirement 2030 Fund--R Class T. Rowe Price Retirement 2035 Fund T. Rowe Price Retirement 2040 Fund T. Rowe Price Retirement 2040 Fund--R Class T. Rowe Price Retirement 2045 Fund T. Rowe Price Retirement Income Fund T. Rowe Price Retirement Income Fund--R Class T. ROWE PRICE SCIENCE & TECHNOLOGY FUND, INC. T. ROWE PRICE SHORT-TERM BOND FUND, INC. T. ROWE PRICE SMALL-CAP STOCK FUND, INC. T. ROWE PRICE SMALL-CAP VALUE FUND, INC. T. ROWE PRICE SPECTRUM FUND, INC. Spectrum Growth Fund Spectrum Income Fund Spectrum International Fund T. ROWE PRICE SUMMIT FUNDS, INC. T. Rowe Price Summit Cash Reserves Fund T. Rowe Price Summit GNMA Fund T. ROWE PRICE U.S. BOND INDEX FUND, INC. T. ROWE PRICE U.S. TREASURY FUNDS, INC. U.S. Treasury Intermediate Fund U.S. Treasury Long-Term Fund U.S. Treasury Money Fund T. ROWE PRICE VALUE FUND, INC.
Attest: /s/Patricia B. Lippert /s/Joseph A. Carrier Patricia B. Lippert By: Joseph A. Carrier Secretary Treasurer Attest: T. ROWE PRICE RETIREMENT PLAN SERVICES, INC. /s/Barbara A. Van Horn /s/Henry H. Hopkins Barbara A. Van Horn By: Henry H. Hopkins Secretary Vice President
AMENDMENT NO. 1
AGREEMENT
Between
T. ROWE PRICE RETIREMENT PLAN SERVICES, INC.
and
EACH OF THE PARTIES INDICATED ON APPENDIX A
The Retirement Plan Services Contract of January 1, 2006, between T. Rowe Price Retirement Plan Services, Inc. and each of the Parties listed on Appendix A thereto is hereby amended, as of April 19, 2006 and July 19, 2006, by adding thereto T. Rowe Price Short-Term Income Fund, Inc. and T. Rowe Price Institutional Equity Funds, Inc., on behalf of T. Rowe Price Institutional Concentrated Large-Cap Value Fund.
T. ROWE PRICE BALANCED FUND, INC. T. ROWE PRICE BLUE CHIP GROWTH FUND, INC. T. Rowe Price Blue Chip Growth Fund--R Class T. ROWE PRICE CAPITAL APPRECIATION FUND T. ROWE PRICE CAPITAL OPPORTUNITY FUND, INC. T. Rowe Price Capital Opportunity Fund--R Class T. ROWE PRICE CORPORATE INCOME FUND, INC. T. ROWE PRICE DEVELOPING TECHNOLOGIES FUND, INC. T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND, INC. T. ROWE PRICE DIVERSIFIED SMALL-CAP GROWTH FUND, INC. T. ROWE PRICE DIVIDEND GROWTH FUND, INC. T. ROWE PRICE EQUITY INCOME FUND T. Rowe Price Equity Income Fund--R Class T. ROWE PRICE FINANCIAL SERVICES FUND, INC. T. ROWE PRICE GLOBAL TECHNOLOGY FUND, INC. T. ROWE PRICE GNMA FUND T. ROWE PRICE GROWTH & INCOME FUND, INC. T. ROWE PRICE GROWTH STOCK FUND, INC. T. Rowe Price Growth Stock Fund--R Class T. ROWE PRICE HEALTH SCIENCES FUND, INC. T. ROWE PRICE HIGH YIELD FUND, INC. T. ROWE PRICE INDEX TRUST, INC. T. Rowe Price Equity Index 500 Fund T. Rowe Price Extended Equity Market Index Fund T. Rowe Price Total Equity Market Index Fund T. ROWE PRICE INFLATION PROTECTED BOND FUND, INC. T. ROWE PRICE INSTITUTIONAL EQUITY FUNDS, INC. T. Rowe Price Institutional Concentrated Large-Cap Value Fund T. Rowe Price Institutional Large-Cap Core Growth Fund T. Rowe Price Institutional Large-Cap Growth Fund T. Rowe Price Institutional Large-Cap Value Fund T. Rowe Price Institutional Mid-Cap Equity Growth Fund T. Rowe Price Institutional Small-Cap Stock Fund T. ROWE PRICE INSTITUTIONAL INCOME FUNDS, INC. T. Rowe Price Institutional Core Plus Fund T. Rowe Price Institutional High Yield Fund T. ROWE PRICE INSTITUTIONAL INTERNATIONAL FUNDS, INC. T. Rowe Price Institutional Emerging Markets Equity Fund T. Rowe Price Institutional Foreign Equity Fund T. Rowe Price Institutional Global Equity Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC. T. Rowe Price Emerging Europe & Mediterranean Fund T. Rowe Price Emerging Markets Bond Fund T. Rowe Price Emerging Markets Stock Fund T. Rowe Price European Stock Fund T. Rowe Price Global Stock Fund T. Rowe Price International Bond Fund T. Rowe Price International Discovery Fund T. Rowe Price International Growth & Income Fund T. Rowe Price International Growth & Income Fund-R Class T. Rowe Price International Stock Fund T. Rowe Price International Stock Fund--R Class T. Rowe Price Japan Fund T. Rowe Price Latin America Fund T. Rowe Price New Asia Fund T. ROWE PRICE INTERNATIONAL INDEX FUND, INC. T. Rowe Price International Equity Index Fund T. ROWE PRICE MEDIA & TELECOMMUNICATIONS FUND, INC. T. ROWE PRICE MID-CAP GROWTH FUND, INC. T. Rowe Price Mid-Cap Growth Fund--R Class T. ROWE PRICE MID-CAP VALUE FUND, INC. T. Rowe Price Mid-Cap Value Fund-R Class T. ROWE PRICE NEW AMERICA GROWTH FUND T. ROWE PRICE NEW ERA FUND, INC. T. ROWE PRICE NEW HORIZONS FUND, INC. T. ROWE PRICE NEW INCOME FUND, INC. T. Rowe Price New Income Fund-R Class T. ROWE PRICE PERSONAL STRATEGY FUNDS, INC. T. Rowe Price Personal Strategy Balanced Fund T. Rowe Price Personal Strategy Growth Fund T. Rowe Price Personal Strategy Income Fund T. ROWE PRICE PRIME RESERVE FUND, INC. T. ROWE PRICE REAL ESTATE FUND, INC. T. ROWE PRICE RETIREMENT FUNDS, INC. T. Rowe Price Retirement 2005 Fund T. Rowe Price Retirement 2010 Fund T. Rowe Price Retirement 2010 Fund--R Class T. Rowe Price Retirement 2015 Fund T. Rowe Price Retirement 2020 Fund T. Rowe Price Retirement 2020 Fund--R Class T. Rowe Price Retirement 2025 Fund T. Rowe Price Retirement 2030 Fund T. Rowe Price Retirement 2030 Fund--R Class T. Rowe Price Retirement 2035 Fund T. Rowe Price Retirement 2040 Fund T. Rowe Price Retirement 2040 Fund--R Class T. Rowe Price Retirement 2045 Fund T. Rowe Price Retirement Income Fund T. Rowe Price Retirement Income Fund--R Class T. ROWE PRICE SCIENCE & TECHNOLOGY FUND, INC. T. ROWE PRICE SHORT-TERM BOND FUND, INC. T. ROWE PRICE SHORT-TERM INCOME FUND, INC. T. ROWE PRICE SMALL-CAP STOCK FUND, INC. T. ROWE PRICE SMALL-CAP VALUE FUND, INC. T. ROWE PRICE SPECTRUM FUND, INC. Spectrum Growth Fund Spectrum Income Fund Spectrum International Fund T. ROWE PRICE SUMMIT FUNDS, INC. T. Rowe Price Summit Cash Reserves Fund T. Rowe Price Summit GNMA Fund T. ROWE PRICE U.S. BOND INDEX FUND, INC. T. ROWE PRICE U.S. TREASURY FUNDS, INC. U.S. Treasury Intermediate Fund U.S. Treasury Long-Term Fund U.S. Treasury Money Fund T. ROWE PRICE VALUE FUND, INC.
Attest: /s/Patricia B. Lippert /s/Joseph A. Carrier ________________________ ___________________________ Patricia B. Lippert By: Joseph A. Carrier Secretary Treasurer Attest: T. ROWE PRICE RETIREMENT PLAN SERVICES, INC. /s/Barbara A. Van Horn /s/Henry H. Hopkins ________________________ ___________________________ Barbara A. Van Horn By: Henry H. Hopkins Secretary Vice President
ALL CORPORATIONS/TRUSTS | ||
---|---|---|
/s/Edward C. Bernard Edward C. Bernard | Chairman of the Board (Principal Executive Officer) Director/Trustee | July 19, 2006 |
/s/Joseph A. Carrier Joseph A. Carrier | Treasurer (Principal Financial Officer) | July 19, 2006 |
/s/Jeremiah E. Casey Jeremiah E. Casey | Director/Trustee | July 19, 2006 |
/s/Anthony W. Deering Anthony W. Deering | Director/Trustee | July 19, 2006 |
/s/Donald W. Dick, Jr. Donald W. Dick, Jr. | Director/Trustee | July 19, 2006 |
/s/David K. Fagin David K. Fagin | Director/Trustee | July 19, 2006 |
/s/Karen N. Horn Karen N. Horn | Director/Trustee | July 19, 2006 |
/s/Theo C. Rodgers Theo C. Rodgers | Director/Trustee | July 19, 2006 |
/s/John G. Schreiber John G. Schreiber | Director/Trustee | July 19, 2006 |
p>
/s/Brian C. Rogers Brian C. Rogers | Director/Trustee | July 19, 2006 |
/s/John H. Laporte John H. Laporte | July 19, 2006 |
/s/Mary J. Miller Mary J. Miller | July 19, 2006 |
T. ROWE PRICE GROUP, INC.
STATEMENT OF POLICY
ON
SECURITIES TRANSACTIONS
BACKGROUND INFORMATION.
Legal Requirement. In accordance with the requirements of the Securities Exchange Act of 1934 (the "Exchange Act"), the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Insider Trading and Securities Fraud Enforcement Act of 1988, and the various United Kingdom and other jurisdictions' laws and regulations, Price Group and the mutual funds ("Price Funds") which its affiliates manage have adopted this Statement of Policy on Securities Transactions ("Statement").
Price Advisers' Fiduciary Position. As investment advisers, the Price Advisers are in a fiduciary position which requires them to act with an eye only to the benefit of their clients, avoiding those situations which might place, or appear to place, the interests of the Price Advisers or their officers, directors and employees in conflict with the interests of clients.
Purpose of Statement. The Statement was developed to help guide Price Group's employees and independent directors and the independent directors of the Price Funds and the T. Rowe Price Savings Bank ("Savings Bank") in the conduct of their personal investments and to:
Those subject to the Code, including the independent directors of Price Group, the Price Funds and the Savings Bank, are urged to consider the reasons for the adoption of this Statement. Price Group's and the Price Funds' reputations could be adversely affected as the result of even a single transaction considered questionable in light of the fiduciary duties of the Price Advisers and the independent directors of the Price Funds.
Front Running. Front Running is illegal. It is generally defined as the purchase or sale of a security by an officer, director or employee of an investment adviser or mutual fund in anticipation of and prior to the adviser effecting similar transactions for its clients in order to take advantage of or avoid changes in market prices effected by client transactions.
QUESTIONS ABOUT THE STATEMENT. You are urged to seek the advice of the Chairperson of the Ethics Committee (U.S.-based personnel) or the TRP International Compliance Team (International personnel) when you have questions as to the application of this Statement to individual circumstances.
EXCESSIVE TRADING AND MARKET TIMING OF MUTUAL FUND SHARES. The issue of excessive trading and market timing by mutual fund shareholders is a serious one and is not unique to T. Rowe Price. Employees may not engage in trading of shares of a Price Fund that is inconsistent with the prospectus of that Fund.
Excessive or short-term trading in fund shares may disrupt management of a fund and raise its costs. The Board of Directors/Trustees of the Price Funds have adopted a policy to deter excessive and short-term trading (the "Policy"), which applies to persons trading directly with T. Rowe Price and indirectly through intermediaries. Under this Policy, T. Rowe Price may bar excessive and short-term traders from purchasing shares.
This Policy is set forth in each Fund's prospectus, which governs all trading activity in the Fund regardless of whether you are holding T. Rowe Price Fund shares as a retail investor or through your T. Rowe Price U.S. Retirement Program account.
Although the Fund may issue a warning letter regarding excessive trading or market timing, any trade activity in violation of the Policy will also be reviewed by the Chief Compliance Officer, who will refer instances to the Ethics Committee as he or she feels appropriate. The Ethics Committee, based on its review, may take disciplinary action, including suspension of trading privileges, forfeiture of profits or the amount of losses avoided, and termination of employment, as it deems appropriate.
Employees are also expected to abide by trading restrictions imposed by other funds as described in their prospectuses. If you violate the trading restrictions of a non-Price Fund, the Ethics Committee may impose the same penalties available for violation of the Price Funds excessive trading Policy.
PERSONS SUBJECT TO STATEMENT. The provisions of this Statement apply as described below to the following persons and entities. Each person and entity (except the independent directors of Price Group and the Savings Bank) is classified as either an Access Person or a Non-Access Person as described below. The provisions of this Statement may also apply to an Access Person's or Non-Access Person's spouse, minor children, and certain other relatives, as further described on page 4-5 of this Statement. All Access Persons except the independent directors of the Price Funds are subject to all provisions of this Statement except certain restrictions on purchases in initial public offerings that apply only to Investment Personnel. The independent directors of the Price Funds are not subject to prior transaction clearance requirements and are subject to modified reporting as described on p. 4-22. Non-Access Persons are subject to the general principles of the Statement and its reporting requirements, but are only required to receive prior transaction clearance for transactions in Price Group stock. The persons and entities covered by this Statement are:
Retired Employees. Retired employees of Price Group who receive investment research information from one or more of the Price Advisers will be subject to this Statement.
Independent Directors of Price Group, the Savings Bank and the Price Funds. The independent directors of Price Group include those directors of Price Group who are neither officers nor employees of Price Group or any of its subsidiaries or affiliates. The independent directors of the Savings Bank include those directors of the Savings Bank who are neither officers nor employees of Price Group or any of its subsidiaries or affiliates. The independent directors of the Price Funds include those directors of the Price Funds who are not deemed to be "interested persons" of Price Group.
Although subject to the general principles of this Statement, including the definition of "beneficial ownership," independent directors are subject only to modified reporting requirements. See pp. 4-22 to 4-25. The trades of the independent directors of the Price Funds are not subject to prior transaction clearance requirements. The trades of the independent directors of Price Group and of the Savings Bank are not subject to prior transaction clearance requirements except for transactions in Price Group stock.
ACCESS PERSONS. Certain persons and entities are classified as "Access Persons" under the Code. The term "Access Person" means:
All Access Persons are notified of their status under the Code. Although a person can be an Access Person of one or more Price Advisers and one or more of the Price Funds, the independent directors of the Price Funds are only Access Persons of the applicable Price Funds; they are not Access Persons of any of the Price Advisers.
Investment Personnel. An Access Person is further identified as "Investment Personnel" if, in connection with his or her regular functions or duties, he or she "makes or participates in making recommendations regarding the purchase or sale of securities" by a Price Fund or other advisory client.
The term "Investment Personnel" includes, but is not limited to:
All Investment Personnel are deemed Access Persons under the Code. All Investment Personnel are notified of their status under the Code. Investment Personnel are prohibited from investing in initial public offerings. See pp. 4-14; 4-16.
NON-ACCESS PERSONS. Persons who do not fall within the definition of Access Persons are deemed "Non-Access Persons." If a Non-Access Person is married to an Access Person, then the non-Access Person is deemed to be an Access Person under the beneficial ownership provisions described below. However, the independent directors of Price Group and the Savings Bank are not included in this definition.
TRANSACTIONS SUBJECT TO STATEMENT. Except as provided below, the provisions of this Statement apply to transactions that fall under either one of the following two conditions:
First, you are a "beneficial owner" of the security under the Rule 16a-1 of the Exchange Act, as defined below; or
Second, if you control or direct securities trading for another person or entity, those trades are subject to this Statement even if you are not a beneficial owner of the securities. For example, if you have an exercisable trading authorization (e.g., a power of attorney to direct transactions in another person's account) of an unrelated person's or entity's brokerage account, or are directing another person's or entity's trades, those transactions will usually be subject to this Statement to the same extent your personal trades would be as described below.
Definition of Beneficial Owner. A "beneficial owner" is any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise, has or shares in the opportunity, directly or indirectly, to profit or share in any profit derived from a transaction in the security.
A person has beneficial ownership in:
A shareholder shall not be deemed to have beneficial ownership in the portfolio securities held by a corporation or similar entity in which the person owns securities if the shareholder is not a controlling shareholder of the entity and does not have or share investment control over the entity's portfolio.
Requests for Clarifications or Interpretations Regarding Beneficial Ownership or Control. If you have beneficial ownership of a security, any transaction involving that security is presumed to be subject to the relevant requirements of this Statement, unless you have no direct or indirect influence or control over the transaction. Such a situation may arise, for example, if you have delegated investment authority to an independent investment adviser or your spouse has an independent trading program in which you have no input. Similarly, if your spouse has investment control over, but no beneficial ownership in, an unrelated account, the Statement may not apply to those securities and you may wish to seek clarification or an interpretation.
If you are involved in an investment account for a family situation, trust, partnership, corporation, etc., which you feel should not be subject to the Statement's relevant prior transaction clearance and/or reporting requirements, you should submit a written request for clarification or interpretation to either the Code Compliance Section or the TRP International Compliance Team, as appropriate. Any such request for clarification or interpretation should name the account, your interest in the account, the persons or firms responsible for its management, and the specific facts of the situation. Do not assume that the Statement is not applicable; you must receive a clarification or interpretation about the applicability of the Statement. Clarifications and interpretations are not self-executing; you must receive a response to a request for clarification or interpretation directly from the Code Compliance Section or the TRP International Compliance Team before proceeding with the transaction or other action covered by this Statement.
PRIOR TRANSACTION CLEARANCE REQUIREMENTS GENERALLY. As described, certain transactions require prior clearance before execution. Receiving prior transaction clearance does not relieve you from conducting your personal securities transactions in full compliance with the Code, including its prohibition on trading while in possession of material, inside information, and with applicable law, including the prohibition on Front Running (see page 4-1 for definition of Front Running).
TRANSACTIONS IN STOCK OF PRICE GROUP. Because Price Group is a public company, ownership of its stock subjects its officers, inside and independent directors, employees and all others subject to the Code to special legal requirements under the United States securities laws. You are responsible for your own compliance with these requirements. In connection with these legal requirements, Price Group has adopted the following rules and procedures:
Access Persons and Non-Access Persons and the independent directors of Price Group and the Savings Bank must obtain prior transaction clearance of any transaction involving Price Group stock from the Finance and Corporate Tax Department.
PRIOR TRANSACTION CLEARANCE REQUIREMENTS (OTHER THAN PRICE GROUP STOCK) FOR ACCESS PERSONS.
Access Persons other than the independent directors of the Price Funds must, unless otherwise provided for below, obtain prior transaction clearance before directly or indirectly initiating, recommending, or in any way participating in, the purchase or sale of a security in which the Access Person has, or by reason of such transaction may acquire, any beneficial interest or which he or she controls. This includes the writing of an option to purchase or sell a security and the acquisition of any shares in an Automatic Investment Plan through a non-systematic investment (see p. 4-11). Non-Access Persons are not required to obtain prior clearance before engaging in any securities transactions, except for transactions in Price Group stock.
Access Persons and Non-Access Persons and the independent directors of Price Group and the Savings Bank must obtain prior transaction clearance of any transaction involving Price Group stock from the Finance and Corporate Tax Department.
Where required, prior transaction clearance must be obtained regardless of whether the transaction is effected through TRP Brokerage (generally available only to U.S. residents) or through an unaffiliated broker/dealer or other entity. Please note that the prior clearance procedures do not check compliance with the 60-Day Rule (p. 4-30); you are responsible for ensuring your compliance with this rule.
The independent directors of the Price Funds are not required to received prior transaction clearance in any case.
TRANSACTIONS (OTHER THAN IN PRICE GROUP STOCK) THAT DO NOT REQUIRE EITHER PRIOR TRANSACTION CLEARANCE OR REPORTING UNLESS THEY OCCUR IN A "REPORTABLE FUND." The following transactions do not require either prior transaction clearance or reporting:
TRANSACTIONS (OTHER THAN PRICE GROUP STOCK) THAT DO NOT REQUIRE PRIOR TRANSACTION CLEARANCE BUT MUST BE REPORTED BY BOTH ACCESS PERSONS AND NON-ACCESS PERSONS
TRANSACTIONS (OTHER THAN PRICE GROUP STOCK) THAT DO NOT REQUIRE PRIOR TRANSACTION CLEARANCE BUT MUST BE REPORTED BY ACCESS PERSONS ONLY.
The independent directors of the Price Funds are subject to modified reporting requirements.
The Chief Compliance Officer or his or her designee reviews at a minimum the transaction reports for all securities required to be reported under the Advisers Act or the Investment Company Act for all employees, officers, and inside directors of Price Group and its affiliates and for the independent directors of the Price Funds.
TRANSACTIONS (OTHER THAN PRICE GROUP STOCK) THAT REQUIRE PRIOR TRANSACTION CLEARANCE BY ACCESS PERSONS. If the transaction or security is not listed above as not requiring prior transaction clearance, you should assume that it is subject to this requirement unless specifically informed otherwise by the Code Compliance Section or the TRP International Compliance Team. The only Access Persons not subject to the prior transaction clearance requirements are the independent directors of the Price Funds.
Among the transactions that must receive prior transaction clearance are:
OTHER TRANSACTION REPORTING REQUIREMENTS. Any transaction that is subject to the prior transaction clearance requirements on behalf of an Access Person (except the independent directors of the Price Funds), including purchases in initial public offerings and private placement transactions, must be reported. Although Non-Access Persons are not required to receive prior transaction clearance for securities transactions (other than Price Group stock), they must report any transaction that would require prior transaction clearance by an Access Person. The independent directors of Price Group, the Price Funds and the Savings Bank are subject to modified reporting requirements.
PROCEDURES FOR OBTAINING PRIOR TRANSACTION CLEARANCE (OTHER THAN PRICE GROUP STOCK) FOR ACCESS PERSONS. Unless prior transaction clearance is not required as described above or the Chairperson of the Ethics Committee or his or her designee has otherwise determined that prior transaction clearance is not required, Access Persons, other than the independent directors of the Price Funds, must receive prior transaction clearance for all securities transactions.
Access Persons should follow the procedures set forth below, depending upon their location, before engaging in the transactions described. If an Access Person is not certain whether a proposed transaction is subject to the prior transaction clearance requirements, he or she should contact the Code Compliance Section or the TRP International Compliance Team, as appropriate, before proceeding.
For U.S. Based Access Persons:
In addition to receiving prior transaction clearance from the Chairperson of the Ethics Committee or his or her Designee, Non-Investment Personnel must also check with the Equity Trading Desk the day the offering is priced before purchasing in the IPO. If a client order has been received since the initial prior transaction approval was given, the prior transaction clearance will be withdrawn.
Non-Investment Personnel will not be permitted to purchase shares in an IPO if any of the firm's clients are prohibited from doing so because of affiliated transaction restrictions. This prohibition will remain in effect until the firm's clients have had the opportunity to purchase in the secondary market once the underwriting is completed -- commonly referred to as the aftermarket. The 60-Day Rule applies to transactions in securities purchased in an IPO.
Investment Personnel. Investment Personnel may not purchase securities in an IPO.
Non-Access Persons. Although Non-Access Persons are not required to receive prior transaction clearance before purchasing shares in an IPO, any Non-Access Person who is a registered representative or associated person of Investment Services is reminded that NASD Rule 2790 may restrict his or her ability to buy shares in a new issue.
Procedures For Obtaining Prior Transaction Clearance For Private Placements. Access Persons may not invest in a private placement of securities, including the purchase of limited partnership interests, unless prior transaction clearance in writing has been obtained from the Chairperson of the Ethics Committee or his or her Designee. A private placement is generally defined by the SEC as an offering that is exempt from registration under the Securities Act. Private placement investments generally require the investor to complete a written questionnaire or subscription agreement. If an Access Person has any questions about whether a transaction is, in fact, a private placement, he or she should contact the Chairperson of the Ethics Committee or his or her designee.
In considering a request for prior transaction clearance for a private placement, the Chairperson will determine whether the investment opportunity (private placement) should be reserved for the firm's clients, and whether the opportunity is being offered to the Access Person by virtue of his or her position with the firm. The Chairperson will also secure, if appropriate, the approval of the proposed transaction from the chairperson of the applicable investment steering committee. These investments may also have special reporting requirements, as discussed under "Procedures for Reporting Transactions," at p. 4-20.
Registered representatives of Investment Services are reminded that NASD rules may restrict investment in a private placement in certain circumstances.
Procedures For Obtaining Prior Transaction Clearance For All Other Securities Transactions. Requests for prior transaction clearance by Access Persons for all other securities transactions requiring prior transaction clearance should generally be made via iTrade on the firm's intranet. The iTrade system automatically sends any request for prior transaction approval that requires manual intervention to the Equity Trading Department. If iTrade is not available, requests may be made orally, in writing, or by electronic mail (email address "Personal Trades" in the electronic mail address book). Obtaining clearance by electronic mail if iTrade is not available is strongly encouraged. All requests must include the name of the security, a definitive security identifier (e.g., CUSIP, ticker, or Sedol), the number of shares or amount of bond involved, and the nature of the transaction, i.e., whether the transaction is a purchase, sale, short sale, or buy to cover. Responses to all requests will be made by iTrade or the Equity Trading Department, documenting the request and whether or not prior transaction clearance has been granted. The Examiner system maintains the record of all approval and denials, whether automatic or manual.
Requests will normally be processed on the same day; however, additional time may be required for prior transaction clearance for certain securities, including non-U.S. securities.
Effectiveness of Prior Transaction Clearance. Prior transaction clearance of a securities transaction is effective for three (3) business days from and including the date the clearance is granted, regardless of the time of day when clearance is granted. If the proposed securities transaction is not executed within this time, a new clearance must be obtained. For example, if prior transaction clearance is granted at 2:00 pm Monday, the trade must be executed by Wednesday. In situations where it appears that the trade will not be executed within three business days even if the order is entered in that time period (e.g., certain transactions through Transfer Agents or spousal employee-sponsored payroll deduction plans), please notify the Code Compliance Section before entering the order.
Reminder. If you are an Access Person and become the beneficial owner of another's securities (e.g., by marriage to the owner of the securities) or begin to direct trading of another's securities, then transactions in those securities also become subject to the prior transaction clearance requirements. You must also report acquisition of beneficial ownership or control of these securities within 10 business days of your knowledge of their existence.
For International Access Persons:
Procedures for Obtaining Prior Transaction Clearance for Initial Public Offerings ("IPOs"):
Procedures for Obtaining Prior Transaction Clearance for Private Placements. Prior transaction clearance to invest in or sell securities through a private placement of securities, including the purchase of limited partnership interests, must be sought from the TRP International Compliance Team in the usual manner. The prior transaction clearance process will include a review by a member of the Investment Team to determine whether the investment opportunity (private placement) should be reserved for the firm's clients and whether the opportunity is being offered to the Access Person by virtue of his or her position with the firm, as well as approval by a member of the Ethics Committee. These investments may also have special reporting requirements, as discussed under "Procedures for Reporting Transactions" at p. 4-20.
Registered representatives of Investment Services are reminded that NASD rules may restrict investment in a private placement in certain circumstances.
Procedures For Obtaining Prior Transaction Clearance For All Other Securities Transactions. Requests for prior transaction clearance by Access Persons for all other securities transactions requiring prior transaction clearance should generally be made via iTrade on the firm's intranet. The iTrade system automatically sends any request for prior transaction approval that requires manual intervention to the TRP International Compliance Team. If iTrade is not available, requests may be made orally, in writing, or by electronic mail (email address "TRPI Compliance" in the electronic mail address book). Obtaining clearance by electronic mail if iTrade is not available is strongly encouraged. All requests must include the name of the security, a definitive security identifier (e.g., CUSIP, ticker, or SEDOL), the number of shares or amount of bond involved, and the nature of the transaction, i.e., whether the transaction is a purchase, sale, short sale or buy to cover. Responses to all requests will be made by iTrade or the TRP International Compliance Team, documenting the request and whether or not prior transaction clearance has been granted. The Examiner system maintains the record of all approvals and denials, whether automatic or manual.
Requests will normally be processed on the same day they are received; however, additional time may be required in certain circumstances (e.g., to allow checks to be made with overseas offices as necessary).
Effectiveness of Prior Transaction Clearance. Prior transaction clearance of a securities transaction, whether obtained via iTrade or from the TRP International Compliance Team, is effective for three (3) business days from and including the date the clearance is granted. If the proposed securities transaction is not executed within this time, a new clearance must be obtained. For example, if prior transaction clearance is granted at 2:00 pm Monday, the trade must be executed by Wednesday. In situations where it appears that the trade will not be executed within three business days even if the order is entered in that time period (e.g., an Individual Savings Account), please notify the TRP International Compliance Team before entering the order.
Reminder. If you are an Access Person and become the beneficial owner of another's securities (e.g., by marriage to the owner of the securities) or begin to direct trading of another's securities, then transactions in those securities also become subject to the prior transaction clearance requirements. You must also report acquisition of beneficial ownership or control of these securities within 10 business days of your knowledge of their existence.
REASONS FOR DISALLOWING ANY PROPOSED TRANSACTION. Prior transaction clearance will usually not be granted for a proposed transaction by the Trading Department, either directly or by iTrade, and/or by the Chairperson of the Ethics Committee or by the TRP International Compliance Team if:
If for any reason an Access Person has not received a requested prior transaction clearance for a proposed securities transaction, he or she must not communicate this information to another person and must not cause any other person to enter into such a transaction.
Requests for Reconsideration of Prior Transaction Clearance Denials. If an Access Person has not been granted a requested prior transaction clearance, he or she may apply to the Chairperson of the Ethics Committee or his or her designee for reconsideration. Such a request must be in writing and must fully describe the basis upon which the reconsideration is being requested. As part of the reconsideration process, the Chairperson or his or her designee will determine if any client of any of the Price Advisers may be disadvantaged by the proposed transaction by the Access Person. The factors the Chairperson or his or her designee may consider in making this determination include:
TRANSACTION CONFIRMATIONS AND PERIODIC ACCOUNT STATEMENTS. All Access Persons (except the independent directors of the Price Funds) and Non-Access Persons must request brokerdealers, investment advisers, banks, or other financial institutions executing their transactions to send a duplicate confirmation or contract note with respect to each and every reportable transaction, including Price Group stock, and a copy of all periodic statements for all securities accounts in which the Access Person or Non-Access Person is considered to have beneficial ownership and/or control (see page 4-4 for a discussion of beneficial ownership and control concepts) as follows:
The independent directors of Price Group, the Price Funds, and the Savings Bank are subject to modified reporting requirements described at pp. 4-22 to 4-25.
If transaction or statement information is provided in a language other than English, the employee should provide a translation into English of the documents.
NOTIFICATION OF SECURITIES ACCOUNTS. Access Persons (except the independent directors of the Price Funds) and Non-Access Persons must give notice before opening or trading in a securities account with any broker, dealer, investment adviser, bank, or other financial institution, including TRP Brokerage, as follows:
The independent directors of Price Group, the Price Funds, and the Savings Bank are not subject to this requirement.
PROCEDURES FOR REPORTING TRANSACTIONS. The following requirements apply both to Access Persons and Non-Access Persons except the independent directors of Price Group, the Price Funds and the Savings Bank, who are subject to modified reporting requirements:
When Reports are Due. You must report a securities transaction (other than a transaction in a Reportable Fund or Section 529 College Investment Plan [Access Persons only] or a spousal payroll deduction plan or a stock split or similar acquisition or disposition) within ten (10) business days after the trade date or within ten (10) business days after the date on which you first gain knowledge of the transaction (for example, a bequest) if this is later. A transaction in a Reportable Fund, a Section 529 College Investment Plan, a spousal payroll deduction plan or a stock split or similar acquisition or disposition must be reported within 30 days of the end of the quarter in which it occurred.
Access Person Reporting of Reportable Funds and Section 529 College Investment Plan Interests Held on a T. Rowe Price Platform or in a TRP Brokerage account. You are required to inform the Code Compliance Section about Reportable Funds and/or Section 529 College Investment Plan interests (i.e., the Maryland College Investment Plan, the T. Rowe Price College Savings Plan, the University of Alaska College Savings Plan, and the John Hancock Freedom 529) held on a T. Rowe Price Platform or in a TRP Brokerage account. See p. 4-12. Once you have done this, you do not have to report any transactions in those securities; your transactions and holdings will be updated and reported automatically to Group Compliance on a monthly basis.
Access Person Reporting of Reportable Funds and Section 529 College Investment Plan Interests NOT Held on a T. Rowe Price Platform or in a TRP Brokerage Account. You must notify the Code Compliance Section of any Reportable Fund or Section 529 College Investment Plan interests that you beneficially own or control that are held at any intermediary, including any broker/dealer other than TRP's Brokerage Division. This would include, for example, a Price Fund held in your spouse's retirement plan. Any transaction in a Reportable Fund or in interests in a Section 529 College Investment Plan must be reported by duplicate account information sent directly by the intermediary to the Code Compliance Section or by the Access Person directly on the "T. Rowe Price Employees Report of Securities Transactions" within 30 days of the end of the quarter in which the transaction occurred.
The TRP International Compliance Team will send all reports it receives to the Code Compliance Section on a quarterly basis.
Reporting Certain Private Placement Transactions. If your investment requires periodic capital calls (e.g., in a limited partnership) you must report each capital call within ten (10) business days. This is the case even if you are an Access Person and you received prior transaction clearance for a total cumulative investment.
Reminder. If you become the beneficial owner of another's securities (e.g., by marriage to the owner of the securities) or begin to direct trading of another's securities, the transactions in these securities become subject to the transaction reporting requirements.
REPORTING REQUIREMENTS FOR THE INDEPENDENT DIRECTORS OF THE PRICE FUNDS.
Transactions in Publicly Traded Securities. An independent director of the Price Funds must report transactions in publicly-traded securities where the independent director controls or directs such transactions. These reporting requirements apply to transactions the independent director effects for his or her own beneficial ownership as well as the beneficial ownership of others, such as a spouse or other family member. An independent director does not have to report securities transactions in accounts over which the independent director has no direct or indirect influence or control (e.g., transactions in an account managed by an investment professional pursuant to a discretionary agreement and where the independent director does not participate in the investment decisions).
Transactions in Non-Publicly Traded Securities. An independent director does not have to report transactions in securities which are not traded on an exchange or listed on NASDAQ (i.e., non-publicly traded securities), unless the independent director knew, or in the ordinary course of fulfilling his or her official duties as a Price Funds independent director, should have known that during the 15-day period immediately before or after the independent director's transaction in such non-publicly traded security, a Price Adviser purchased, sold or considered purchasing or selling such security for a Price Fund or Price advisory client.
Reporting of Officership, Directorship, General Partnership or Other Managerial Positions Apart from the Price Funds. An independent director of the Price Funds shall report to the Code Compliance Section any officership, directorship, general partnership or other managerial position which he or she holds with any public, private, or governmental issuer other than the Price Funds.
Reporting of Significant Ownership.
Investments in Price Group. An independent director of the Price Funds is prohibited from owning the common stock or other securities of Price Group.
Investments in Non-Listed Securities Firms. An independent director of the Price Funds may not purchase or sell the shares of a broker/dealer, underwriter or federally registered investment adviser unless that entity is traded on an exchange or listed on NASDAQ or the purchase or sale has otherwise been approved by the Price Fund Boards.
Restrictions on Client Investment Partnerships.
Dealing with Clients. Aside from market transactions effected through securities exchanges or via NASDAQ, an independent director of the Price Funds may not, directly or indirectly, sell to or purchase from a client any security. This prohibition does not preclude the purchase or redemption of shares of any open-end mutual fund that is a client of any of the Price Advisers.
REPORTING REQUIREMENTS FOR THE INDEPENDENT DIRECTORS OF PRICE GROUP.
Reporting of Significant Ownership.
TRANSACTION REPORTING REQUIREMENTS FOR THE INDEPENDENT DIRECTORS OF THE SAVINGS BANK. The independent directors of the Savings Bank are not required to report their personal securities transactions (other than transactions in Price Group stock) as long as they do not obtain information about the Price Advisers' investment research, recommendations, or transactions, other than information obtained because the Savings Bank is a client of one or more of the Price Advisers. In addition, the independent directors of the Savings Bank may be required to report other personal securities transactions and/or holdings as specifically requested from time to time by the Savings Bank in accordance with regulatory or examination requirements.
MISCELLANEOUS RULES REGARDING PERSONAL SECURITIES TRANSACTIONS. These rules vary in their applicability depending upon whether you are an Access Person.
The following rules apply to all Access Persons, except the independent directors of the Price Funds, and to all Non-Access Persons:
Dealing with Clients. Access Persons and Non-Access Persons may not, directly or indirectly, sell to or purchase from a client any security. Market transactions are not subject to this restriction. This prohibition does not preclude the purchase or redemption of shares of any open-end mutual fund that is a client of any of the Price Advisers and does not apply to transactions in a spousal employer-sponsored payroll deduction plan or spousal employer-sponsored stock option plan.
Investment Clubs. These restrictions vary depending upon the person's status, as follows:
The following rules apply only to Access Persons other than the independent directors of the Price Funds:
General Information on Options and Futures (Other than Exchange Traded Index Options). If a transaction in the underlying instrument does not require prior transaction clearance (e.g., National Government Obligations, Unit Investment Trusts), then an options or futures transaction on the underlying instrument does not require prior transaction clearance. However, all options and futures transactions, except the commodity futures transactions described on page 4-10, must be reported even if a transaction in the underlying instrument would not have to be reported (e.g., U.S. Government Obligations). Transactions in publicly traded options on Price Group stock are not permitted. See p. 4-7. Please consult the specific discussion on Exchange Traded Index Options above for transactions in those securities.
Before engaging in options and futures transactions, Access Persons should understand the impact that the 60-Day Rule and intervening client transactions may have upon their ability to close out a position with a profit (see page 4-29).
REPORTING OF ONE HALF OF ONE PERCENT OWNERSHIP. If an employee owns more than 1/2 of 1% of the total outstanding shares of a public or private company, he or she must immediately report this in writing to the Code Compliance Section, providing the name of the company and the total number of such company's shares beneficially owned.
GAMBLING RELATED TO THE SECURITIES MARKETS. All persons subject to the Code are prohibited from wagering, betting or gambling related to individual securities, securities indices or other similar financial indices or instruments. This prohibition applies to wagers placed through casinos, betting parlors or internet gambling sites and is applicable regardless of where the activity is initiated (e.g., home or firm computer or telephone). This specific prohibition does not restrict the purchase or sale of securities through a securities account reporting to the Code Compliance Section or the TRP International Compliance Team, even if these transactions are effected with a speculative investment objective.
INITIAL DISCLOSURE OF PERSONAL SECURITIES HOLDINGS BY ACCESS PERSONS. Upon commencement of employment, appointment or promotion (no later than 10 calendar days after the starting date), each Access Person, except an independent director of the Price Funds, is required by United States securities laws to disclose in writing all current securities holdings in which he or she is considered to have beneficial ownership or control ("Securities Holdings Report") (see page 4-5 for definition of the term Beneficial Owner) and provide or reconfirm the information regarding all of his or her securities accounts.
The form to provide the Securities Holdings Report will be provided upon commencement of employment, appointment or promotion and should be submitted to the Code Compliance Section (U.S.-based personnel) or the TRP International Compliance Team (International personnel). The form on which to report securities accounts can be found on the firm's Intranet under Corporate/Legal.
SEC rules require that each Securities Holding Report contain, at a minimum, the following information:
The information provided must be current as of a date no more than 45 days prior to the date the person becomes an Access Person.
ANNUAL DISCLOSURE OF PERSONAL SECURITIES HOLDINGS BY ACCESS PERSONS. Each Access Person, except an independent director of the Price Funds, is also required to file a "Personal Securities Report," consisting of a Statement of Personal Securities Holdings and a Securities Account Verification Form Report, on an annual basis. The Personal Securities Report must be as of year end and must be filed with the firm by the date it specifies. The Chief Compliance Officer or his or her designee reviews all Personal Securities Reports.
ADDITIONAL DISCLOSURE OF OPEN-END INVESTMENT COMPANY HOLDINGS BY INVESTMENT PERSONNEL. If a person has been designated "Investment Personnel," he or she must report with the initial and annual Securities Holdings Report a listing of shares of all open-end investment companies (except money market funds), whether registered under the Investment Company Act or sold in jurisdictions outside the United States, that the Investment Personnel either beneficially owns or controls. If an Access Person becomes Investment Personnel, he or she must file a supplement to his or her existing Securities Holdings Report within thirty (30) days of the date of this designation change, listing all shares of open-end investment companies (except money market funds) that he or she beneficially owns or controls. Previously disclosed ownership of Reportable Funds does not have to be reported again in this disclosure.
CONFIDENTIALITY OF RECORDS. Price Group makes every effort to protect the privacy of all persons and entities in connection with their Securities Holdings Reports, Reports of Securities Transactions, Reports of Securities Accounts, and Personal Securities Reports.
SANCTIONS. Strict compliance with the provisions of this Statement is considered a basic provision of employment or other association with Price Group and the Price Funds. The Ethics Committee, the Code Compliance Section, and the TRP International Compliance Team are primarily responsible for administering this Statement. In fulfilling this function, the Ethics Committee will institute such procedures as it deems reasonably necessary to monitor each person's and entity's compliance with this Statement and to otherwise prevent and detect violations.
February, 2005
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