STATEMENT OF ADDITIONAL INFORMATION |
This is the Statement of Additional Information for all of the funds listed below. It is divided into two parts (Part I and Part II). Part I primarily contains information that is particular to each fund, while Part II contains information that generally applies to all of the funds in the T. Rowe Price family of funds (Price Funds).
The date of this Statement of Additional Information (SAI) is May 1, 2016.
T. ROWE PRICE BALANCED FUND, INC. (RPBAX)
T. Rowe Price Balanced FundI Class (RBAIX)
T. ROWE PRICE BLUE CHIP GROWTH FUND, INC. (TRBCX)
T. Rowe Price Blue Chip Growth FundAdvisor Class (PABGX)
T. Rowe Price Blue Chip Growth FundI Class (TBCIX)
T. Rowe Price Blue Chip Growth FundR Class (RRBGX)
T. ROWE PRICE CALIFORNIA TAX-FREE INCOME TRUST
California Tax-Free Bond Fund (PRXCX)
California Tax-Free Money Fund (PCTXX)
T. ROWE PRICE CAPITAL APPRECIATION FUND (PRWCX)
T. Rowe Price Capital Appreciation FundAdvisor Class (PACLX)
T. Rowe Price Capital Appreciation FundI Class (TRAIX)
T. ROWE PRICE CAPITAL OPPORTUNITY FUND, INC. (PRCOX)
T. Rowe Price Capital Opportunity FundAdvisor Class (PACOX)
T. Rowe Price Capital Opportunity FundR Class (RRCOX)
T. ROWE PRICE CORPORATE INCOME FUND, INC. (PRPIX)
T. Rowe Price Corporate Income FundI Class (TICCX)
T. ROWE PRICE CREDIT OPPORTUNITIES FUND, INC. (PRCPX)
T. Rowe Price Credit Opportunities FundAdvisor Class (PAOPX)
T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND, INC. (PRDMX)
T. ROWE PRICE DIVIDEND GROWTH FUND, INC. (PRDGX)
T. Rowe Price Dividend Growth FundAdvisor Class (TADGX)
T. Rowe Price Dividend Growth FundI Class (PDGIX)
T. ROWE PRICE EQUITY INCOME FUND (PRFDX)
T. Rowe Price Equity Income FundAdvisor Class (PAFDX)
T. Rowe Price Equity Income FundI Class (REIPX)
T. Rowe Price Equity Income FundR Class (RRFDX)
T. ROWE PRICE FINANCIAL SERVICES FUND, INC. (PRISX)
T. ROWE PRICE FLOATING RATE FUND, INC. (PRFRX)
T. Rowe Price Floating Rate FundAdvisor Class (PAFRX)
T. ROWE PRICE GLOBAL ALLOCATION FUND, INC. (RPGAX)
T. Rowe Price Global Allocation FundAdvisor Class (PAFGX)
T. Rowe Price Global Allocation FundI Class (TGAFX)
T. ROWE PRICE GLOBAL MULTI-SECTOR BOND FUND, INC. (formerly T. Rowe Price Strategic Income Fund, Inc.) (PRSNX)
T. Rowe Price Global Multi-Sector Bond FundAdvisor Class (formerly T. Rowe Price Strategic Income FundAdvisor Class) (PRSAX)
T. Rowe Price Global Multi-Sector Bond FundI Class (PGMSX)
T. ROWE PRICE GLOBAL REAL ESTATE FUND, INC. (TRGRX)
T. Rowe Price Global Real Estate FundAdvisor Class (PAGEX)
T. ROWE PRICE GLOBAL TECHNOLOGY FUND, INC. (PRGTX)
T. ROWE PRICE GNMA FUND (PRGMX)
T. ROWE PRICE GROWTH & INCOME FUND, INC. (PRGIX)
T. ROWE PRICE GROWTH STOCK FUND, INC. (PRGFX)
T. Rowe Price Growth Stock FundAdvisor Class (TRSAX)
T. Rowe Price Growth Stock FundI Class (PRUFX)
T. Rowe Price Growth Stock FundR Class (RRGSX)
T. ROWE PRICE HEALTH SCIENCES FUND, INC. (PRHSX)
T. Rowe Price Health Sciences FundI Class (THISX)
C00-042 5/1/16
T. ROWE PRICE HIGH YIELD FUND, INC. (PRHYX)
T. Rowe Price High Yield FundAdvisor Class (PAHIX)
T. Rowe Price High Yield FundI Class (PRHIX)
T. ROWE PRICE INDEX TRUST, INC.
T. Rowe Price Equity Index 500 Fund (PREIX)
T. Rowe Price Equity Index 500 FundI Class (PRUIX)
T. Rowe Price Extended Equity Market Index Fund (PEXMX)
T. Rowe Price Mid-Cap Index Fund
T. Rowe Price Mid-Cap Index FundI Class
T. Rowe Price Small-Cap Index Fund
T. Rowe Price Small-Cap Index FundI Class
T. Rowe Price Total Equity Market Index Fund (POMIX)
T. ROWE PRICE INFLATION PROTECTED BOND FUND, INC. (PRIPX)
T. Rowe Price Inflation Protected Bond FundI Class (TIIPX)
T. ROWE PRICE INSTITUTIONAL EQUITY FUNDS, INC. (Institutional Equity Funds)
T. Rowe Price Institutional Large-Cap Core Growth Fund (TPLGX)
T. Rowe Price Institutional Large-Cap Growth Fund (TRLGX)
T. Rowe Price Institutional Large-Cap Value Fund (TILCX)
T. Rowe Price Institutional Mid-Cap Equity Growth Fund (PMEGX)
T. Rowe Price Institutional Small-Cap Stock Fund (TRSSX)
T. Rowe Price Institutional U.S. Structured Research Fund (TRISX)
T. ROWE PRICE INSTITUTIONAL INCOME FUNDS, INC.
T. Rowe Price Institutional Core Plus Fund (TICPX)
T. Rowe Price Institutional Core Plus FundF Class (PFCPX)
T. Rowe Price Institutional Credit Opportunities Fund (TRXPX)
T. Rowe Price Institutional Floating Rate Fund (RPIFX)
T. Rowe Price Institutional Floating Rate FundF Class (PFFRX)
T. Rowe Price Institutional Global Multi-Sector Bond Fund (RPGMX)
T. Rowe Price Institutional High Yield Fund (TRHYX)
T. Rowe Price Institutional Long Duration Credit Fund (RPLCX)
T. ROWE PRICE INSTITUTIONAL INTERNATIONAL FUNDS, INC.
T. Rowe Price Institutional Africa & Middle East Fund (TRIAX)
T. Rowe Price Institutional Emerging Markets Bond Fund (TREBX)
T. Rowe Price Institutional Emerging Markets Equity Fund (IEMFX)
T. Rowe Price Institutional Frontier Markets Equity Fund (PRFFX)
T. Rowe Price Institutional Global Focused Growth Equity Fund (TRGSX)
T. Rowe Price Institutional Global Growth Equity Fund (RPIGX)
T. Rowe Price Institutional Global Value Equity Fund (PRIGX)
T. Rowe Price Institutional International Bond Fund (RPIIX)
T. Rowe Price Institutional International Concentrated Equity Fund (RPICX)
T. Rowe Price Institutional International Core Equity Fund (TRCEX)
T. Rowe Price Institutional International Growth Equity Fund (PRFEX)
T. ROWE PRICE INTERMEDIATE TAX-FREE HIGH YIELD FUND, INC. (PRIHX)
T. Rowe Price Intermediate Tax-Free High Yield FundAdvisor Class (PRAHX)
T. ROWE PRICE INTERNATIONAL FUNDS, INC.
T. Rowe Price Africa & Middle East Fund (TRAMX)
T. Rowe Price Asia Opportunities Fund (TRAOX)
T. Rowe Price Asia Opportunities FundAdvisor Class (PAAOX)
T. Rowe Price Emerging Europe Fund (TREMX)
T. Rowe Price Emerging Markets Bond Fund (PREMX)
T. Rowe Price Emerging Markets Bond FundAdvisor Class (PAIKX)
T. Rowe Price Emerging Markets Bond FundI Class (PRXIX)
T. Rowe Price Emerging Markets Corporate Bond Fund (TRECX)
T. Rowe Price Emerging Markets Corporate Bond FundAdvisor Class (PACEX)
T. Rowe Price Emerging Markets Corporate Bond FundI Class (TECIX)
T. Rowe Price Emerging Markets Local Currency Bond Fund (PRELX)
T. Rowe Price Emerging Markets Local Currency Bond FundAdvisor Class (PAELX)
T. Rowe Price Emerging Markets Local Currency Bond FundI Class (TEIMX)
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T. Rowe Price Emerging Markets Stock Fund (PRMSX)
T. Rowe Price Emerging Markets Stock FundI Class (PRZIX)
T. Rowe Price Emerging Markets Value Stock Fund (PRIJX)
T. Rowe Price Emerging Markets Value Stock FundAdvisor Class (PAIJX)
T. Rowe Price European Stock Fund (PRESX)
T. Rowe Price Global Consumer Fund (PGLOX)
T. Rowe Price Global Growth Stock Fund (RPGEX)
T. Rowe Price Global Growth Stock FundAdvisor Class (PAGLX)
T. Rowe Price Global High Income Bond Fund (RPIHX)
T. Rowe Price Global High Income Bond FundAdvisor Class (PAIHX)
T. Rowe Price Global High Income Bond FundI Class (RPOIX)
T. Rowe Price Global Industrials Fund (RPGIX)
T. Rowe Price Global Stock Fund (PRGSX)
T. Rowe Price Global Stock FundAdvisor Class (PAGSX)
T. Rowe Price Global Unconstrained Bond Fund (RPIEX)
T. Rowe Price Global Unconstrained Bond FundAdvisor Class (PAIEX)
T. Rowe Price Global Unconstrained Bond FundI Class (RPEIX)
T. Rowe Price International Bond Fund (RPIBX)
T. Rowe Price International Bond FundAdvisor Class (PAIBX)
T. Rowe Price International Bond FundI Class (RPISX)
T. Rowe Price International Concentrated Equity Fund (PRCNX)
T. Rowe Price International Concentrated Equity FundAdvisor Class (PRNCX)
T. Rowe Price International Discovery Fund (PRIDX)
T. Rowe Price International Discovery FundI Class (TIDDX)
T. Rowe Price International Growth & Income Fund (TRIGX)
T. Rowe Price International Growth & Income FundAdvisor Class (PAIGX)
T. Rowe Price International Growth & Income FundI Class (TRTIX)
T. Rowe Price International Growth & Income FundR Class (RRIGX)
T. Rowe Price International Stock Fund (PRITX)
T. Rowe Price International Stock FundAdvisor Class (PAITX)
T. Rowe Price International Stock FundI Class (PRIUX)
T. Rowe Price International Stock FundR Class (RRITX)
T. Rowe Price Japan Fund (PRJPX)
T. Rowe Price Latin America Fund (PRLAX)
T. Rowe Price New Asia Fund (PRASX)
T. Rowe Price New Asia FundI Class (PNSIX)
T. Rowe Price Overseas Stock Fund (TROSX)
T. Rowe Price Overseas Stock FundAdvisor Class (PAEIX)
T. Rowe Price Overseas Stock FundI Class (TROIX)
T. ROWE PRICE INTERNATIONAL INDEX FUND, INC.
T. Rowe Price International Equity Index Fund (PIEQX)
T. ROWE PRICE LIMITED DURATION INFLATION FOCUSED BOND FUND, INC. (formerly T. Rowe Price Inflation Focused Bond Fund, Inc.) (TRBFX)
T. Rowe Price Limited Duration Inflation Focused Bond FundI Class (TRLDX)
T. ROWE PRICE MEDIA & TELECOMMUNICATIONS FUND, INC. (PRMTX)
T. Rowe Price Media & Telecommunications FundI Class (TTMIX)
T. ROWE PRICE MID-CAP GROWTH FUND, INC. (RPMGX)
T. Rowe Price Mid-Cap Growth FundAdvisor Class (PAMCX)
T. Rowe Price Mid-Cap Growth FundI Class (RPTIX)
T. Rowe Price Mid-Cap Growth FundR Class (RRMGX)
T. ROWE PRICE MID-CAP VALUE FUND, INC. (TRMCX)
T. Rowe Price Mid-Cap Value FundAdvisor Class (TAMVX)
T. Rowe Price Mid-Cap Value FundI Class (TRMIX)
T. Rowe Price Mid-Cap Value FundR Class (RRMVX)
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T. ROWE PRICE MULTI-SECTOR ACCOUNT PORTFOLIOS, INC. (Multi-Sector Account Portfolios)
T. Rowe Price Emerging Markets Corporate Multi-Sector Account Portfolio
T. Rowe Price Emerging Markets Local Multi-Sector Account Portfolio
T. Rowe Price Floating Rate Multi-Sector Account Portfolio
T. Rowe Price High Yield Multi-Sector Account Portfolio
T. Rowe Price Investment-Grade Corporate Multi-Sector Account Portfolio
T. Rowe Price Mortgage-Backed Securities Multi-Sector Account Portfolio
T. ROWE PRICE NEW AMERICA GROWTH FUND (PRWAX)
T. Rowe Price New America Growth FundAdvisor Class (PAWAX)
T. Rowe Price New America Growth FundI Class (PNAIX)
T. ROWE PRICE NEW ERA FUND, INC. (PRNEX)
T. Rowe Price New Era FundI Class (TRNEX)
T. ROWE PRICE NEW HORIZONS FUND, INC. (PRNHX)
T. Rowe Price New Horizons FundI Class (PRJIX)
T. ROWE PRICE NEW INCOME FUND, INC. (PRCIX)
T. Rowe Price New Income FundAdvisor Class (PANIX)
T. Rowe Price New Income FundI Class (PRXEX)
T. Rowe Price New Income FundR Class (RRNIX)
T. ROWE PRICE PERSONAL STRATEGY FUNDS, INC. (Personal Strategy Funds)
T. Rowe Price Personal Strategy Balanced Fund (TRPBX)
T. Rowe Price Personal Strategy Balanced FundI Class (TPPAX)
T. Rowe Price Personal Strategy Growth Fund (TRSGX)
T. Rowe Price Personal Strategy Growth FundI Class (TGIPX)
T. Rowe Price Personal Strategy Income Fund (PRSIX)
T. Rowe Price Personal Strategy Income FundI Class (PPIPX)
T. ROWE PRICE PRIME RESERVE FUND, INC. (PRRXX)
T. ROWE PRICE QUANTITATIVE MANAGEMENT FUNDS, INC. (formerly T. Rowe Price Diversified Small-Cap Growth Fund, Inc.)
T. Rowe Price QM Global Equity Fund (TQGEX)
T. Rowe Price QM Global Equity FundAdvisor Class (TQGAX)
T. Rowe Price QM Global Equity FundI Class (TQGIX)
T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (TQSMX)
T. Rowe Price QM U.S. Small & Mid-Cap Core Equity FundAdvisor Class (TQSAX)
T. Rowe Price QM U.S. Small & Mid-Cap Core Equity FundI Class (TQSIX)
T. Rowe Price QM U.S. Small-Cap Growth Equity Fund (formerly T. Rowe Price Diversified Small-Cap Growth Fund) (PRDSX)
T. Rowe Price QM U.S. Small-Cap Growth Equity FundI Class (TQAIX)
T. Rowe Price QM U.S. Value Equity Fund (TQMVX)
T. Rowe Price QM U.S. Value Equity FundAdvisor Class (TQVAX)
T. Rowe Price QM U.S. Value Equity FundI Class (TQVIX)
T. ROWE PRICE REAL ASSETS FUND, INC. (PRAFX)
T. Rowe Price Real Assets FundI Class (PRIKX)
T. ROWE PRICE REAL ESTATE FUND, INC. (TRREX)
T. Rowe Price Real Estate FundAdvisor Class (PAREX)
T. Rowe Price Real Estate FundI Class (TIRRX)
T. ROWE PRICE RESERVE INVESTMENT FUNDS, INC. (TRP Reserve Funds)
T. Rowe
Price Government Reserve Investment Fund (TRP Government Reserve
Investment Fund)
T. Rowe Price Reserve Investment Fund (TRP Reserve Investment Fund)
T. Rowe Price Short-Term Government Reserve Fund
T. Rowe Price Short-Term Reserve Fund
T. ROWE PRICE RETIREMENT FUNDS, INC. (Retirement Funds)
T. Rowe Price Retirement 2005 Fund (TRRFX)
T. Rowe Price Retirement 2005 FundAdvisor Class (PARGX)
T. Rowe Price Retirement 2005 FundR Class (RRTLX)
T. Rowe Price Retirement 2010 Fund (TRRAX)
T. Rowe Price Retirement 2010 FundAdvisor Class (PARAX)
T. Rowe Price Retirement 2010 FundR Class (RRTAX)
4
T. Rowe Price Retirement 2015 Fund (TRRGX)
T. Rowe Price Retirement 2015 FundAdvisor Class (PARHX)
T. Rowe Price Retirement 2015 FundR Class (RRTMX)
T. Rowe Price Retirement 2020 Fund (TRRBX)
T. Rowe Price Retirement 2020 FundAdvisor Class (PARBX)
T. Rowe Price Retirement 2020 FundR Class (RRTBX)
T. Rowe Price Retirement 2025 Fund (TRRHX)
T. Rowe Price Retirement 2025 FundAdvisor Class (PARJX)
T. Rowe Price Retirement 2025 FundR Class (RRTNX)
T. Rowe Price Retirement 2030 Fund (TRRCX)
T. Rowe Price Retirement 2030 FundAdvisor Class (PARCX)
T. Rowe Price Retirement 2030 FundR Class (RRTCX)
T. Rowe Price Retirement 2035 Fund (TRRJX)
T. Rowe Price Retirement 2035 FundAdvisor Class (PARKX)
T. Rowe Price Retirement 2035 FundR Class (RRTPX)
T. Rowe Price Retirement 2040 Fund (TRRDX)
T. Rowe Price Retirement 2040 FundAdvisor Class (PARDX)
T. Rowe Price Retirement 2040 FundR Class (RRTDX)
T. Rowe Price Retirement 2045 Fund (TRRKX)
T. Rowe Price Retirement 2045 FundAdvisor Class (PARLX)
T. Rowe Price Retirement 2045 FundR Class (RRTRX)
T. Rowe Price Retirement 2050 Fund (TRRMX)
T. Rowe Price Retirement 2050 FundAdvisor Class (PARFX)
T. Rowe Price Retirement 2050 FundR Class (RRTFX)
T. Rowe Price Retirement 2055 Fund (TRRNX)
T. Rowe Price Retirement 2055 FundAdvisor Class (PAROX)
T. Rowe Price Retirement 2055 FundR Class (RRTVX)
T. Rowe Price Retirement 2060 Fund (TRRLX)
T. Rowe Price Retirement 2060 FundAdvisor Class (TRRYX)
T. Rowe Price Retirement 2060 FundR Class (TRRZX)
T. Rowe Price Retirement Balanced Fund (TRRIX)
T. Rowe Price Retirement Balanced FundAdvisor Class (PARIX)
T. Rowe Price Retirement Balanced FundR Class (RRTIX)
T. Rowe Price Retirement I 2005 FundI Class (TRPFX)
T. Rowe Price Retirement I 2010 FundI Class (TRPAX)
T. Rowe Price Retirement I 2015 FundI Class (TRFGX)
T. Rowe Price Retirement I 2020 FundI Class (TRBRX)
T. Rowe Price Retirement I 2025 FundI Class (TRPHX)
T. Rowe Price Retirement I 2030 FundI Class (TRPCX)
T. Rowe Price Retirement I 2035 FundI Class (TRPJX)
T. Rowe Price Retirement I 2040 FundI Class (TRPDX)
T. Rowe Price Retirement I 2045 FundI Class (TRPKX)
T. Rowe Price Retirement I 2050 FundI Class (TRPMX)
T. Rowe Price Retirement I 2055 FundI Class (TRPNX)
T. Rowe Price Retirement I 2060 FundI Class (TRPLX)
T. Rowe Price Retirement Balanced I FundI Class (TRPTX)
T. Rowe Price Target 2005 Fund (formerly T. Rowe Price Target Retirement 2005 Fund) (TRARX)
T. Rowe Price Target 2005 FundAdvisor Class (formerly T. Rowe Price Target Retirement 2005 FundAdvisor Class) (PANRX)
T. Rowe Price Target 2005 FundI Class (TFRRX)
T. Rowe Price Target 2010 Fund (formerly T. Rowe Price Target Retirement 2010 Fund) (TRROX)
T. Rowe Price Target 2010 FundAdvisor Class (formerly T. Rowe Price Target Retirement 2010 FundAdvisor Class) (PAERX)
T. Rowe Price Target 2010 FundI Class (TORFX)
T. Rowe Price Target 2015 Fund (formerly T. Rowe Price Target Retirement 2015 Fund) (TRRTX)
T. Rowe Price Target 2015 FundAdvisor Class (formerly T. Rowe Price Target Retirement 2015 FundAdvisor Class) (PAHRX)
T. Rowe Price Target 2015 FundI Class (TTRTX)
5
T. Rowe Price Target 2020 Fund (formerly T. Rowe Price Target Retirement 2020 Fund) (TRRUX)
T. Rowe Price Target 2020 FundAdvisor Class (formerly T. Rowe Price Target Retirement 2020 FundAdvisor Class) (PAIRX)
T. Rowe Price Target 2020 FundI Class (TTURX)
T. Rowe Price Target 2025 Fund (formerly T. Rowe Price Target Retirement 2025 Fund) (TRRVX)
T. Rowe Price Target 2025 FundAdvisor Class (formerly T. Rowe Price Target Retirement 2025 FundAdvisor Class) (PAJRX)
T. Rowe Price Target 2025 FundI Class (TRVVX)
T. Rowe Price Target 2030 Fund (formerly T. Rowe Price Target Retirement 2030 Fund) (TRRWX)
T. Rowe Price Target 2030 FundAdvisor Class (formerly T. Rowe Price Target Retirement 2030 FundAdvisor Class) (PAKRX)
T. Rowe Price Target 2030 FundI Class (TWRRX)
T. Rowe Price Target 2035 Fund (formerly T. Rowe Price Target Retirement 2035 Fund) (RPGRX)
T. Rowe Price Target 2035 FundAdvisor Class (formerly T. Rowe Price Target Retirement 2035 FundAdvisor Class) (PATVX)
T. Rowe Price Target 2035 FundI Class (TPGPX)
T. Rowe Price Target 2040 Fund (formerly T. Rowe Price Target Retirement 2040 Fund) (TRHRX)
T. Rowe Price Target 2040 FundAdvisor Class (formerly T. Rowe Price Target Retirement 2040 FundAdvisor Class) (PAHHX)
T. Rowe Price Target 2040 FundI Class (TRXRX)
T. Rowe Price Target 2045 Fund (formerly T. Rowe Price Target Retirement 2045 Fund) (RPTFX)
T. Rowe Price Target 2045 FundAdvisor Class (formerly T. Rowe Price Target Retirement 2045 FundAdvisor Class) (PAFFX)
T. Rowe Price Target 2045 FundI Class (TRFWX)
T. Rowe Price Target 2050 Fund (formerly T. Rowe Price Target Retirement 2050 Fund) (TRFOX)
T. Rowe Price Target 2050 FundAdvisor Class (formerly T. Rowe Price Target Retirement 2050 FundAdvisor Class) (PAOFX)
T. Rowe Price Target 2050 FundI Class (TOORX)
T. Rowe Price Target 2055 Fund (formerly T. Rowe Price Target Retirement 2055 Fund) (TRFFX)
T. Rowe Price Target 2055 FundAdvisor Class (formerly T. Rowe Price Target Retirement 2055 FundAdvisor Class) (PAFTX)
T. Rowe Price Target 2055 FundI Class (TRPPX)
T. Rowe Price Target 2060 Fund (formerly T. Rowe Price Target Retirement 2060 Fund) (TRTFX)
T. Rowe Price Target 2060 FundAdvisor Class (formerly T. Rowe Price Target Retirement 2060 FundAdvisor Class) (TRTGX)
T. Rowe Price Target 2060 FundI Class (TTOIX)
T. ROWE PRICE SCIENCE & TECHNOLOGY FUND, INC. (PRSCX)
T. Rowe Price Science & Technology FundAdvisor Class (PASTX)
T. Rowe Price Science & Technology FundI Class (TSNIX)
T. ROWE PRICE SHORT-TERM BOND FUND, INC. (PRWBX)
T. Rowe Price Short-Term Bond FundAdvisor Class (PASHX)
T. Rowe Price Short-Term Bond FundI Class (TBSIX)
T. Rowe Price Ultra Short-Term Bond Fund (TRBUX)
T. ROWE PRICE SMALL-CAP STOCK FUND, INC. (OTCFX)
T. Rowe Price Small-Cap Stock FundAdvisor Class (PASSX)
T. Rowe Price Small-Cap Stock FundI Class (OTIIX)
T. ROWE PRICE SMALL-CAP VALUE FUND, INC. (PRSVX)
T. Rowe Price Small-Cap Value FundAdvisor Class (PASVX)
T. Rowe Price Small-Cap Value FundI Class (PRVIX)
T. ROWE PRICE SPECTRUM FUND, INC. (Spectrum Funds)
Spectrum Growth Fund (PRSGX)
Spectrum Income Fund (RPSIX)
Spectrum International Fund (PSILX)
6
T. ROWE PRICE STATE TAX-FREE INCOME TRUST
Georgia Tax-Free Bond Fund (GTFBX)
Maryland Short-Term Tax-Free Bond Fund (PRMDX)
Maryland Tax-Free Bond Fund (MDXBX)
Maryland Tax-Free Money Fund (TMDXX)
New Jersey Tax-Free Bond Fund (NJTFX)
New York Tax-Free Bond Fund (PRNYX)
New York Tax-Free Money Fund (NYTXX)
Virginia Tax-Free Bond Fund (PRVAX)
T. ROWE PRICE SUMMIT FUNDS, INC. (Summit Income Funds)
T. Rowe Price Summit Cash Reserves Fund (TSCXX)
T. ROWE PRICE SUMMIT MUNICIPAL FUNDS, INC. (Summit Municipal Funds)
T. Rowe Price Summit Municipal Income Fund (PRINX)
T. Rowe Price Summit Municipal Income FundAdvisor Class (PAIMX)
T. Rowe Price Summit Municipal Intermediate Fund (PRSMX)
T. Rowe Price Summit Municipal Intermediate FundAdvisor Class (PAIFX)
T. Rowe Price Summit Municipal Money Market Fund (TRSXX)
T. ROWE PRICE TAX-EFFICIENT FUNDS, INC. (Tax-Efficient Funds)
T. Rowe Price Tax-Efficient Equity Fund (PREFX)
T. ROWE PRICE TAX-EXEMPT MONEY FUND, INC. (PTEXX)
T. ROWE PRICE TAX-FREE HIGH YIELD FUND, INC. (PRFHX)
T. Rowe Price Tax-Free High Yield FundAdvisor Class (PATFX)
T. ROWE PRICE TAX-FREE INCOME FUND, INC. (PRTAX)
T. Rowe Price Tax-Free Income FundAdvisor Class (PATAX)
T. ROWE PRICE TAX-FREE SHORT-INTERMEDIATE FUND, INC. (PRFSX)
T. Rowe Price Tax-Free Short-Intermediate FundAdvisor Class (PATIX)
T. Rowe Price Tax-Free Ultra Short-Term Bond Fund (PRTUX)
T. ROWE PRICE U.S. BOND ENHANCED INDEX FUND, INC. (PBDIX)
T. ROWE PRICE U.S. LARGE-CAP CORE FUND, INC. (TRULX)
T. Rowe Price U.S. Large-Cap Core FundAdvisor Class (PAULX)
T. ROWE PRICE U.S. TREASURY FUNDS, INC. (U.S. Treasury Funds)
U.S. Treasury Intermediate Fund (PRTIX)
U.S. Treasury Long-Term Fund (PRULX)
U.S. Treasury Money Fund (PRTXX)
T. ROWE PRICE VALUE FUND, INC. (TRVLX)
T. Rowe Price Value FundAdvisor Class (PAVLX)
T. Rowe Price Value FundI Class (TRPIX)
Mailing Address:
T. Rowe Price Investment Services, Inc.
100 East Pratt Street
Baltimore,
Maryland 21202
1-800-638-5660
This SAI is not a prospectus but should be read in conjunction with the appropriate current fund prospectus, which may be obtained from T. Rowe Price Investment Services, Inc. (Investment Services).
Each funds financial statements for its most recent fiscal period and the Report of Independent Registered Public Accounting Firm are included in each funds annual or semiannual report and incorporated by reference into this SAI. The Corporate Income FundI Class, Global Allocation FundI Class, Global Consumer Fund, Global Multi-Sector Bond FundI Class, Health Sciences FundI Class, High Yield FundI Class, Inflation Protected Bond FundI Class, International Discovery FundI Class, Limited Duration Inflation Focused Bond FundI Class, Media & Telecommunications FundI Class, New Asia FundI Class, New Income FundI Class, Personal Strategy Balanced FundI Class, Personal Strategy Growth FundI Class, Personal Strategy Income FundI Class, QM Global Equity Fund, QM Global Equity FundAdvisor Class, QM Global Equity FundI Class, QM U.S. Small & Mid-Cap Core Equity Fund, QM U.S. Small & Mid-Cap Core Equity FundAdvisor Class, QM U.S. Small & Mid-Cap Core Equity Fund
7
I Class, QM U.S. Small-Cap Growth Equity FundI Class, QM U.S. Value Equity Fund, QM U.S. Value Equity FundAdvisor Class, QM U.S. Value Equity FundI Class, Retirement I 2005 FundI Class, Retirement I 2010 FundI Class, Retirement I 2015 FundI Class, Retirement I 2020 FundI Class, Retirement I 2025 FundI Class, Retirement I 2030 FundI Class, Retirement I 2035 FundI Class, Retirement I 2040 FundI Class, Retirement I 2045 FundI Class, Retirement I 2050 FundI Class, Retirement I 2055 FundI Class, Retirement I 2060 FundI Class, Retirement Balanced I FundI Class, Science & Technology FundI Class, Short-Term Bond FundI Class, Short-Term Government Reserve Fund, Target 2005 FundI Class, Target 2010 FundI Class, Target 2015 FundI Class, Target 2020 FundI Class, Target 2025 FundI Class, Target 2030 FundI Class, Target 2035 FundI Class, Target 2040 FundI Class, Target 2045 FundI Class, Target 2050 FundI Class, Target 2055 FundI Class, Target 2060 FundI Class, and TaxFree Ultra ShortTerm Bond Fund have not been in operation long enough to have complete financial statements.
If you would like a prospectus or an annual or semiannual shareholder report for a fund, please visit troweprice.com or call 1-800-638-5660 and it will be sent to you at no charge. Please read this material carefully.
8
PART I TABLE OF CONTENTS
Page
Investment Management Agreements | |
Page
Accounting Firm | |
References to the following are as indicated:
Fitch Ratings, Inc. (Fitch)
Internal Revenue Code of 1986, as amended (Code)
Internal Revenue Service (IRS)
Investment Company Act of 1940, as amended (1940 Act)
Moodys Investors Service, Inc. (Moodys)
Securities Act of 1933, as amended (1933 Act)
Securities and Exchange Commission (SEC)
Securities Exchange Act of 1934, as amended (1934 Act)
Standard & Poors Ratings Services (S&P)
T. Rowe Price Associates, Inc. (T. Rowe Price)
T. Rowe Price Hong Kong Limited (Price Hong Kong)
T. Rowe Price International Ltd (T. Rowe Price International)
T. Rowe Price Singapore Private Ltd. (Price Singapore)
Investor Class
The Investor Class is generally designed for individual investors, but is also available to institutions and a wide variety of other types of investors. The Investor Class may be purchased directly through T. Rowe Price or through a financial intermediary. A Price Fund (other than an Institutional Fund) that does not indicate a specific share class after its name is considered to be the Investor Class of that fund.
Advisor Class
The Advisor Class is designed to be sold only through brokers, dealers, banks, insurance companies, and other financial intermediaries that provide various distribution and administrative services. The Advisor Class cannot be purchased directly through T. Rowe Price and must be purchased through an intermediary.
I Class
The I Class generally requires a $1,000,000 initial investment minimum, although the minimum may be waived for retirement plans, intermediaries maintaining omnibus accounts, and certain other accounts. I Class shares are designed to be sold to corporations; endowments and foundations; charitable trusts; investment companies; defined benefit and defined contribution retirement plans; broker-dealers; registered investment advisers; banks and bank trust programs; Section 529 college savings plans; pooled investment vehicles; institutional client accounts for which T. Rowe Price or its affiliate has discretionary investment authority; and certain individuals meeting the investment minimum or other specific criteria.
R Class
The R Class is designed to be sold only through various third-party intermediaries that offer employer-sponsored defined contribution retirement plans and certain other accounts, including brokers, dealers, banks, insurance companies, retirement plan recordkeepers, and others. The R Class cannot be purchased directly through T. Rowe Price and must be purchased through an intermediary.
9
Institutional Funds
The Institutional Funds (other than their F Class shares) generally require a $1,000,000 initial investment minimum, although the minimum may be waived for retirement plans and certain investors maintaining omnibus accounts. Institutional Funds are designed for institutional investors, which typically include corporations, banks, pension and other retirement plans, trust and investment companies, and certain other financial intermediaries. Institutional Funds may be purchased directly through T. Rowe Price or through a financial intermediary.
F Class
The F Class is designed to be sold only through financial advisors and certain third-party intermediaries, including brokers, banks, insurance companies, retirement plan recordkeepers, and other financial intermediaries that provide various distribution and administrative services. F Class shares are not intended to be offered by intermediaries through a mutual fund supermarket platform. The F Class cannot be purchased directly through T. Rowe Price and must be purchased through an intermediary.
Mid-Cap Index Fund, Multi-Sector Account Portfolios, Small-Cap Index Fund, and TRP Reserve Funds
These funds are not available for direct purchase by members of the public. Shares of these funds may only be purchased by or on behalf of mutual funds, Section 529 college savings plans, or certain institutional client accounts for which T. Rowe Price or one of its affiliates has discretionary investment authority.
Below is a table showing the prospectus and shareholder report dates for each fund. The table also lists each funds category, which should be used to identify groups of funds that are referenced throughout this SAI. The prospectus date shown for each fund reflects the date that the prospectus will be annually updated once the fund has been in operation at its fiscal year-end.
Fund | Fund Category | Fiscal Year End | Annual Report Date | Semiannual Report Date | Prospectus Date |
Africa & Middle East | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Asia Opportunities | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Asia Opportunities FundAdvisor Class | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Balanced | Asset Allocation | Dec 31 | Dec 31 | June 30 | May 1 |
Balanced FundI Class | Asset Allocation | 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 FundI Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Blue Chip Growth FundR Class | Equity | 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 Appreciation FundI Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Capital Opportunity | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Capital Opportunity FundAdvisor Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
10
Fund | Fund Category | Fiscal Year End | Annual Report Date | Semiannual Report Date | Prospectus Date |
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 |
Corporate Income FundI Class | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Credit Opportunities | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Credit Opportunities FundAdvisor Class | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Diversified Mid-Cap Growth | Equity | Dec 31 | Dec 31 | 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 |
Dividend Growth FundI Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Emerging Europe | 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 Bond FundAdvisor Class | International Bond | Dec 31 | Dec 31 | June 30 | May 1 |
Emerging Markets Bond FundI Class | International Bond | Dec 31 | Dec 31 | June 30 | May 1 |
Emerging Markets Corporate Bond | International Bond | Dec 31 | Dec 31 | June 30 | May 1 |
Emerging Markets Corporate Bond FundAdvisor Class | International Bond | Dec 31 | Dec 31 | June 30 | May 1 |
Emerging Markets Corporate Bond FundI Class | International Bond | Dec 31 | Dec 31 | June 30 | May 1 |
Emerging Markets Corporate Multi-Sector Account Portfolio | International Bond | Dec 31 | Dec 31 | June 30 | May 1 |
Emerging Markets Local Currency Bond | International Bond | Dec 31 | Dec 31 | June 30 | May 1 |
Emerging Markets Local Currency Bond FundAdvisor Class | International Bond | Dec 31 | Dec 31 | June 30 | May 1 |
Emerging Markets Local Currency Bond FundI Class | International Bond | Dec 31 | Dec 31 | June 30 | May 1 |
Emerging Markets Local Multi-Sector Account Portfolio | International Bond | Dec 31 | Dec 31 | June 30 | May 1 |
Emerging Markets Stock | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Emerging Markets Stock FundI Class | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Emerging Markets Value Stock | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Emerging Markets Value Stock FundAdvisor Class | 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 FundI Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Equity Income FundR Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
11
Fund | Fund Category | Fiscal Year End | Annual Report Date | Semiannual Report Date | Prospectus Date |
Equity Index 500 | Index Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Equity Index 500 FundI Class | Index Equity | Dec 31 | Dec 31 | June 30 | May 1 |
European Stock | International Equity | 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 |
Floating Rate | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Floating Rate FundAdvisor Class | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Floating Rate Multi-Sector Account Portfolio | Taxable 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 Allocation | Asset Allocation | Oct 31 | Oct 31 | Apr 30 | March 1 |
Global Allocation FundAdvisor Class | Asset Allocation | Oct 31 | Oct 31 | Apr 30 | March 1 |
Global Allocation FundI Class | Asset Allocation | Oct 31 | Oct 31 | Apr 30 | March 1 |
Global Consumer | International Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Global Growth Stock | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Global Growth Stock FundAdvisor Class | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Global High Income Bond | International Bond | Dec 31 | Dec 31 | June 30 | May 1 |
Global High Income Bond FundAdvisor Class | International Bond | Dec 31 | Dec 31 | June 30 | May 1 |
Global High Income Bond FundI Class | International Bond | Dec 31 | Dec 31 | June 30 | May 1 |
Global Industrials | International Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Global Multi-Sector Bond | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Global Multi-Sector Bond FundAdvisor Class | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Global Multi-Sector Bond FundI Class | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Global Real Estate | International Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Global Real Estate FundAdvisor Class | International Equity | Dec 31 | Dec 31 | June 30 | May 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 |
Global Unconstrained Bond | International Bond | Dec 31 | Dec 31 | June 30 | May 1 |
Global Unconstrained Bond FundAdvisor Class | International Bond | Dec 31 | Dec 31 | June 30 | May 1 |
Global Unconstrained Bond FundI Class | International Bond | 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 FundI Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
12
Fund | Fund Category | Fiscal Year End | Annual Report Date | Semiannual Report Date | Prospectus Date |
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 FundI Class | Equity | Dec 31 | 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 |
High Yield FundI Class | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
High Yield Multi-Sector Account Portfolio | Taxable Bond | Feb 28 | Feb 28 | Aug 30 | July 1 |
Inflation Protected Bond | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Inflation Protected Bond FundI Class | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Institutional Africa & Middle East | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Institutional Core Plus | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Institutional Core Plus FundF Class | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Institutional Credit Opportunities | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Institutional Emerging Markets Bond | International Bond | Dec 31 | Dec 31 | June 30 | May 1 |
Institutional Emerging Markets Equity | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Institutional Floating Rate | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Institutional Floating Rate FundF Class | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Institutional Frontier Markets Equity | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Institutional Global Focused Growth Equity | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Institutional Global Growth Equity | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Institutional Global Multi-Sector Bond | International Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Institutional Global Value 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 International Bond | International Bond | Dec 31 | Dec 31 | June 30 | May 1 |
Institutional International Concentrated Equity | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Institutional International Core Equity | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Institutional International Growth Equity | International Equity | Oct 31 | Oct 31 | Apr 30 | March 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 Long Duration Credit | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
13
Fund | Fund Category | Fiscal Year End | Annual Report Date | Semiannual Report Date | Prospectus Date |
Institutional Mid-Cap Equity Growth | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Institutional Small-Cap Stock | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Institutional U.S. Structured Research | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Intermediate Tax-Free High Yield | Tax-Free Bond | Feb 28 | Feb 28 | Aug 30 | July 1 |
Intermediate Tax-Free High Yield FundAdvisor Class | Tax-Free Bond | Feb 28 | Feb 28 | Aug 30 | July 1 |
International Bond | International Bond | Dec 31 | Dec 31 | June 30 | May 1 |
International Bond FundAdvisor Class | International Bond | Dec 31 | Dec 31 | June 30 | May 1 |
International Bond FundI Class | International Bond | Dec 31 | Dec 31 | June 30 | May 1 |
International Concentrated Equity | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
International Concentrated Equity FundAdvisor Class | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
International Discovery | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
International Discovery FundI Class | 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 FundI 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 FundI 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 |
Investment-Grade Corporate Multi-Sector Account Portfolio | Taxable Bond | Feb 28 | Feb 28 | Aug 30 | July 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 Duration Inflation Focused Bond | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Limited Duration Inflation Focused Bond FundI Class | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 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 |
14
Fund | Fund Category | Fiscal Year End | Annual Report Date | Semiannual Report Date | Prospectus Date |
Media & Telecommunications FundI Class | 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 FundI 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 Index | Index Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Mid-Cap Index FundI Class | Index Equity | 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 FundI Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Mid-Cap Value FundR Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Mortgage-Backed Securities Multi-Sector Account Portfolio | Taxable Bond | Feb 28 | Feb 28 | Aug 30 | July 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 FundI Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
New Asia | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
New Asia FundI Class | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
New Era | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
New Era FundI Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
New Horizons | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
New Horizons FundI Class | 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 FundI 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 |
Overseas Stock | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Overseas Stock FundAdvisor Class | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Overseas Stock FundI Class | International Equity | Oct 31 | Oct 31 | Apr 30 | March 1 |
Personal Strategy Balanced | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Personal Strategy Balanced FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Personal Strategy Growth | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Personal Strategy Growth FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
15
Fund | Fund Category | Fiscal Year End | Annual Report Date | Semiannual Report Date | Prospectus Date |
Personal Strategy Income | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Personal Strategy Income FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Prime Reserve | Taxable Money | May 31 | May 31 | Nov 30 | Oct 1 |
QM Global Equity | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
QM Global Equity FundAdvisor Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
QM Global Equity FundI Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
QM U.S. Small & Mid-Cap Core Equity | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
QM U.S. Small & Mid-Cap Core Equity FundAdvisor Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
QM U.S. Small & Mid-Cap Core Equity FundI Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
QM U.S. Small-Cap Growth Equity | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
QM U.S. Small-Cap Growth Equity FundI Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
QM U.S. Value Equity | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
QM U.S. Value Equity FundAdvisor Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
QM U.S. Value Equity FundI Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Real Assets | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Real Assets FundI Class | Equity | 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 |
Real Estate FundI 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 | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2005 FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2005 FundR Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2010 | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2010 FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2010 FundR Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2015 | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2015 FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2015 FundR Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2020 | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2020 FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2020 FundR Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2025 | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
16
Fund | Fund Category | Fiscal Year End | Annual Report Date | Semiannual Report Date | Prospectus Date |
Retirement 2025 FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2025 FundR Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2030 | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2030 FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2030 FundR Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2035 | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2035 FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2035 FundR Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2040 | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2040 FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2040 FundR Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2045 | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2045 FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2045 FundR Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2050 | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2050 FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2050 FundR Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2055 | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2055 FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2055 FundR Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2060 | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2060 FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement 2060 FundR Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement Balanced | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement Balanced FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement Balanced FundR Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement I 2005 FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement I 2010 FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement I 2015 FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement I 2020 FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement I 2025 FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
17
Fund | Fund Category | Fiscal Year End | Annual Report Date | Semiannual Report Date | Prospectus Date |
Retirement I 2030 FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement I 2035 FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement I 2040 FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement I 2045 FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement I 2050 FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement I 2055 FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement I 2060 FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Retirement Balanced I FundI Class | Asset Allocation | 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 |
Science & Technology FundI 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 Bond FundI Class | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Short-Term Government Reserve | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Short-Term Reserve | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Small-Cap Index | Index Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Small-Cap Index FundI Class | Index Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Small-Cap Stock | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Small-Cap Stock FundAdvisor Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Small-Cap Stock FundI 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 |
Small-Cap Value FundI Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Spectrum Growth | Asset Allocation | Dec 31 | Dec 31 | June 30 | May 1 |
Spectrum Income | Asset Allocation | Dec 31 | Dec 31 | June 30 | May 1 |
Spectrum International | Asset Allocation | Dec 31 | Dec 31 | June 30 | May 1 |
Summit Cash Reserves | Taxable Money | Oct 31 | Oct 31 | Apr 30 | March 1 |
Summit Municipal Income | Tax-Free Bond | Oct 31 | Oct 31 | Apr 30 | March 1 |
Summit Municipal Income FundAdvisor Class | 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 Intermediate FundAdvisor Class | Tax-Free Bond | Oct 31 | Oct 31 | Apr 30 | March 1 |
18
Fund | Fund Category | Fiscal Year End | Annual Report Date | Semiannual Report Date | Prospectus Date |
Summit Municipal Money Market | Tax-Free Money | Oct 31 | Oct 31 | Apr 30 | March 1 |
Target 2005 | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2005 FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2005 FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2010 | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2010 FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2010 FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2015 | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2015 FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2015 FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2020 | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2020 FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2020 FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2025 | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2025 FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2025 FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2030 | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2030 FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2030 FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2035 | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2035 FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2035 FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2040 | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2040 FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2040 FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2045 | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2045 FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2045 FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2050 | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2050 FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2050 FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2055 | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2055 FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2055 FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2060 | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2060 FundAdvisor Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Target 2060 FundI Class | Asset Allocation | May 31 | May 31 | Nov 30 | Oct 1 |
Tax-Efficient Equity | 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 |
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Fund | Fund Category | Fiscal Year End | Annual Report Date | Semiannual Report Date | Prospectus Date |
Tax-Free High Yield FundAdvisor Class | 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 FundAdvisor Class | 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 |
Tax-Free Short-Intermediate FundAdvisor Class | Tax-Free Bond | Feb 28 | Feb 28 | Aug 30 | July 1 |
Tax-Free Ultra Short-Term Bond | Tax-Free Bond | Feb 28 | Feb 28 | Aug 30 | July 1 |
Total Equity Market Index | Index Equity | Dec 31 | Dec 31 | June 30 | May 1 |
U.S. Bond Enhanced Index | Index Bond | Oct 31 | Oct 31 | Apr 30 | March 1 |
U.S. Large-Cap Core | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
U.S. Large-Cap Core FundAdvisor Class | Equity | Dec 31 | Dec 31 | June 30 | May 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 |
Ultra Short-Term Bond | Taxable Bond | May 31 | May 31 | Nov 30 | Oct 1 |
Value | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Value FundAdvisor Class | Equity | Dec 31 | Dec 31 | June 30 | May 1 |
Value FundI 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 |
The officers and directors (the term director is used to refer to directors or trustees, as applicable) of the Price Funds are listed on the following pages. Unless otherwise noted, the address of each officer and director is 100 East Pratt Street, Baltimore, Maryland 21202.
Each fund is overseen by a Board of Directors/Trustees (Board) that meets regularly to review a wide variety of matters affecting or potentially affecting the funds, including performance, investment programs, compliance matters, advisory fees and expenses, service providers, and business and regulatory affairs. The Boards elect the funds officers and are responsible for performing various duties imposed on them by the 1940 Act, the laws of Maryland or Massachusetts, and other applicable laws. At least 75% of each Boards members are independent of T. Rowe Price and its affiliates. The directors who are also employees or officers of T. Rowe Price are considered to be inside or interested directors because of their relationships with T. Rowe Price and its affiliates. Each inside director and officer (except as indicated in the tables setting forth the directors and officers principal occupations during the past five years) has been an employee of T. Rowe Price or its affiliates for five or more years. The Boards normally hold five regularly scheduled formal meetings during each calendar year. Although the Boards have direct responsibility over various matters (such as approval of advisory contracts and review of fund performance), each Board also exercises certain of its oversight responsibilities through several committees that it has established and which report back to the full Board. The Boards believe that a committee structure is an effective means to permit directors to focus on particular operations or issues affecting the funds, including risk oversight. Each Board currently has three standing committees, a Committee of Independent Directors, a Joint Audit Committee, and an Executive Committee, which are described in greater detail in the following paragraphs.
Edward C. Bernard, an inside director, serves as the Chairman of the Board of each fund. The independent directors of each fund have designated a Lead Independent Director, who functions as a liaison between the Chairman of the Board and the other independent directors. The Lead Independent Director presides at all
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executive sessions of the independent directors, reviews and provides input on Board meeting agendas and materials, and typically represents the independent directors in discussions with T. Rowe Price management. Anthony W. Deering currently serves as Lead Independent Director of each Board. Each funds Board has determined that its leadership and committee structure is appropriate because the Board believes that it sets the proper tone for the relationship between the fund, on the one hand, and T. Rowe Price or its affiliates and the funds other principal service providers, on the other, and facilitates the exercise of the Boards independent judgment in evaluating and managing the relationships. In addition, the structure efficiently allocates responsibility among committees and the full Board. The same independent directors currently serve on the Boards of all of the Price Funds. This approach is designed to provide effective governance by exposing the independent directors to a wider range of business issues and market trends, allowing the directors to better share their knowledge, background and experience, and permitting the Boards to operate more efficiently, particularly with respect to matters common to all Price Funds.
The Committee of Independent Directors, which consists of all of the independent directors of the funds, is responsible for, among other things, seeking, reviewing and selecting candidates to fill vacancies on each funds Board, periodically evaluating the compensation payable to the independent directors, and performing certain functions with respect to the governance of the funds. The Lead Independent Director serves as chairman of the committee. The committee will consider written recommendations from shareholders for possible nominees for director. Nominees, like current directors, will be considered based on the ability to review critically, evaluate, question, and discuss information provided to them, to interact effectively with the funds management and counsel and the various service providers to the funds, and to exercise reasonable business judgment in the performance of their duties as directors. Nominees will be considered in light of their individual experience, qualifications, attributes, or skills. Shareholders should submit their recommendations to the secretary of the funds. The committee met nine times in 2015 in conjunction with the full Board.
The Joint Audit Committee consists of only independent directors. The current members of the committee are Bruce W. Duncan, Robert J. Gerrard, Jr., Paul F. McBride, and Cecilia E. Rouse. Mr. Gerrard serves as chairman of the committee and Mr. Duncan is considered an audit committee financial expert, as defined by the SEC. The Joint Audit Committee oversees the pricing processes for the Price Funds and holds three regular meetings during each fiscal year. Two of the meetings include the attendance of the independent registered public accounting firm of the Price Funds as the Joint Audit Committee reviews: (1) the services provided; (2) the findings of the most recent audits; (3) managements response to the findings of the most recent audits; (4) the scope of the audits to be performed; (5) the accountants fees; and (6) any accounting questions relating to particular areas of the Price Funds operations or the operations of parties dealing with the Price Funds, as circumstances indicate. A third meeting is devoted primarily to a review of the risk management program of the funds investment adviser. The Joint Audit Committee met three times in 2015.
The Executive Committee, which consists of each funds inside directors, has been authorized by its respective Board to exercise all powers of the Boards of the funds in the intervals between regular meetings of the Boards, except for those powers prohibited by statute from being delegated. All actions of the Executive Committee must be approved in advance by one independent director and reviewed after the fact by the full Board. The Executive Committee for each fund does not hold regularly scheduled meetings. The Executive Committee took action by written consent on behalf of three funds during 2015.
Like other mutual funds, the funds are subject to risks, including investment, compliance, operational, and valuation risks, among others. The Boards oversee risk as part of their oversight of the funds. Risk oversight is addressed as part of various Board and committee activities. The Board, directly or through its committees, interacts with and reviews reports from, among others, the investment adviser or its affiliates, the funds Chief Compliance Officer, the funds independent registered public accounting firm, legal counsel, and internal auditors for T. Rowe Price or its affiliates, as appropriate, regarding risks faced by the funds and the risk management programs of the investment adviser and certain other service providers. Also, the Joint Audit Committee receives periodic reports from members of the advisers Risk Management Oversight Committee on the significant risks inherent to the advisers business, including aggregate investment risks, reputational risk, business continuity risk, and operational risk. The actual day-to-day risk management functions with respect to the funds are subsumed within the responsibilities of the investment adviser, its affiliates that serve as
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investment sub-advisers to the funds, and other service providers (depending on the nature of the risk) that carry out the funds investment management and business affairs. Although the risk management policies of T. Rowe Price and its affiliates, and the funds other service providers, are reasonably designed to be effective, those policies and their implementation vary among service providers over time, and there is no guarantee that they will always be effective. An investment in a Price Fund may be negatively impacted because of the operational risks arising from factors such as processing errors and human errors, inadequate or failed internal or external processes, failures in systems and technology, changes in personnel and errors caused by third party service providers or trading counterparties. Although the funds attempt to minimize such failures through controls and oversight, it is not possible to identify all of the operational risks that may affect a fund or to develop processes and controls that completely eliminate or mitigate the occurrence of such failures. A fund and its shareholders could be negatively impacted as a result. Processes and controls developed may not eliminate or mitigate the occurrence or effects of all risks, and some risks may be simply beyond any control of the funds, T. Rowe Price and its affiliates, or other service providers.
Each directors experience, qualifications, attributes, or skills, on an individual basis and in combination with those of the other directors, has led to the conclusion that each director should serve on the Boards of the Price Funds. Attributes common to all directors include the ability to review critically, evaluate, question, and discuss information provided to them, to interact effectively with the funds management and counsel and the various service providers to the funds, and to exercise reasonable business judgment in the performance of their duties as directors. In addition, the actual service and commitment of the directors during their tenure on the funds Boards is taken into consideration in concluding that each should continue to serve. A directors ability to perform his or her duties effectively may have been attained through his or her educational background or professional training; business, consulting, public service, or academic positions; experience from service as a director of the Price Funds, public companies, non-profit entities, or other organizations; or other experiences. Each director brings a diverse perspective to the Boards. Set forth below is a brief discussion of the specific experience, qualifications, attributes, or skills of each director that led to the conclusion that he or she should serve as a director.
Edward C. Bernard has been an inside director and Chairman of the Board of all the Price Funds since 2006. Mr. Bernard has more than 25 years of experience in the investment management industry, all of which have been with T. Rowe Price. In addition to his responsibilities with T. Rowe Price and the Price Funds, Mr. Bernard served as chairman (from 2009 to 2011) and is currently the vice chairman of the board of governors of the Investment Company Institute, the national trade association for the mutual fund industry.
William R. Brody has been an independent director of the Price Funds since 2009. Dr. Brody has substantial experience in the public health and research fields, as well as academia. He previously served as president of the Johns Hopkins University, as well as on the boards of John Hopkins University, Johns Hopkins Health System, Salk Institute for Biological Studies, BioMed Realty Trust, IBM, and Novartis. He has also served on the boards of a number of other private companies and non-profit entities, including Mesa Biotech, Kool Smiles, Novamed, Stanford University, Standard Healthcare, and the Commonwealth Fund, which funds health services research.
Anthony W. Deering has been an independent director of the Price Funds for more than 30 years. He currently serves as the Lead Independent Director and was a member of the Joint Audit Committee until September 2014. Mr. Deering brings a wealth of financial services and investment management experience to the Boards. He is the former chair and chief executive officer of the Rouse Company and has also served on the boards of a number of public companies, including Deutsche Bank North America, Vornado Realty Trust, Brixmor Real Estate Investment Trust, Mercantile Bank, and Under Armour. He has also served on the boards of a number of private companies and non-profit entities, including the Investment Company Institute, Baltimore Museum of Art, Parks & People Foundation, The Rouse Company Foundation, and The Charlesmead Foundation among others.
Donald W. Dick, Jr. had been an independent director of the Price Funds for more than 30 years. He has significant investment and business experience from serving as a principal in a private equity firm and has previously served on the boards of manufacturing, construction, publishing, and advertising companies in the U.S. and Europe. Mr. Dick retired as independent director of the Price Funds on December 31, 2015.
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Bruce W. Duncan has substantial experience in the fields of commercial real estate and property management. He currently serves as president, chief executive officer, director, and chairman of the board of First Industrial Realty Trust and has held a variety of senior roles and board positions with Starwood Hotels & Resorts. He has been an independent director of the Price Funds since October 2013 and, in September 2014, he became a member of the Joint Audit Committee.
Robert J. Gerrard, Jr. has been an independent director of certain Price Funds since 2012 (and all Price Funds since October 2013), and currently serves as a member of the Joint Audit Committee. He has substantial legal and business experience in the industries relating to communications and interactive data services. He has served on the board and compensation committee for Syniverse Holdings and as general counsel to Scripps Networks.
Karen N. Horn had been an independent director of the Price Funds for more than 10 years. Ms. Horn has substantial experience in the financial services industry and the arts. She is a limited partner and senior managing director of Brock Capital Group, and has served on the boards of a number of public companies, including Eli Lilly, Simon Property Group, the Federal National Mortgage Association, and Norfolk Southern. She has also served on the boards of a number of private companies and non-profit entities, including the National Bureau of Economic Research, Council on Foreign Relations, and the Florence Griswold Museum. Ms. Horn retired as independent director of the Price Funds on December 31, 2015.
Paul F. McBride has served in various management and senior leadership roles with the Black & Decker Corporation and General Electric Company. He serves on the advisory board of Vizzia Technologies. He led businesses in the materials, industrial, and consumer durable segments. He also has significant global experience. He has served on the boards of a number of private and non-profit entities, including Dunbar Armored, Gilman School, and Living Classrooms Foundation. He has been an independent director of the Price Funds since October 2013 and, in September 2014, he became a member of the Joint Audit Committee.
Brian C. Rogers has been an inside director of the domestic equity and international Price Funds for more than 20 years. Mr. Rogers has served in a variety of senior leadership roles since joining T. Rowe Price in 1982. Prior to that, he was employed by Bankers Trust Company. In addition to his various offices held with T. Rowe Price and its affiliates, he is a Chartered Financial Analyst and serves as a member of the T. Rowe Price Asset Allocation Committee.
Cecilia E. Rouse has been an independent director of certain Price Funds since 2012 (and all Price Funds since October 2013), and became a member of the Joint Audit Committee in September 2014. Dr. Rouse has extensive experience in the fields of higher education and economic research. She has served in a variety of roles at Princeton University, including as a dean, professor, and leader of economic research. She has also served on the board of MDRC, a non-profit education and social policy organization dedicated to improving programs and policies that affect the poor, and as a member of numerous entities, including the American Economic Association, National Bureau of Economic Research, National Academy of Education, and the Association of Public Policy and Management Policy Council.
John G. Schreiber has been an independent director of the Price Funds for more than 20 years and served as a member of the Joint Audit Committee until September 2015. He has significant experience investing in real estate transactions and brings substantial financial services and investment management experience to the boards. He is the president of Centaur Capital Partners, Inc. and a retired partner and co-founder of Blackstone Real Estate Advisors. He previously served as chairman and chief executive officer of JMB Urban Development Co. and executive vice president of JMB Realty Corporation. Mr. Schreiber currently serves on the boards of JMB Realty Corporation, Brixmor Property Group, Hilton Worldwide, and trustee of Loyola University of Chicago, and is a past board member of Urban Shopping Centers, Inc., Host Hotels & Resorts, Inc., The Rouse Company, General Growth Properties, AMLI Residential Properties Trust, Blackstone Mortgage Trust, and Hudson Pacific Properties.
Mark R. Tercek has been an independent director of the Price Funds since 2009 and served as chairman of the Joint Audit Committee until September 2014. He brings substantial financial services experience to the boards. He was a managing director of Goldman Sachs and is currently president and chief executive officer of The Nature Conservancy.
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Edward A. Wiese was elected as an inside director of the domestic fixed income Price Funds in 2015. Mr. Wiese is a Chartered Financial Analyst with over 30 years of investment experience, all of which have been with T. Rowe Price. He currently serves as the Director of Fixed Income for T. Rowe Price and as the Chairperson of the T. Rowe Price Fixed Income Steering Committee, as well as a portfolio manager for various short-term bond and low duration domestic bond strategies.
In addition, the following tables provide biographical information for the directors, along with their principal occupations and any directorships they have held of public companies and other investment companies during the past five years.
Independent Directors(a)
Name, Year of Birth, and Number | Principal
Occupation(s) | Directorships |
William R. Brody, M.D., Ph.D. 1944 185 portfolios | President and Trustee, Salk Institute for Biological Studies (2009 to present); Director, BioMed Realty Trust (2013 to 2016); Chairman of the Board, Mesa Biotech, a molecular diagnostic company (March 2016 to present) | Novartis, Inc. (2009 to 2014); IBM (2007 to present) |
Anthony W. Deering 1945 185 portfolios | Chairman, Exeter Capital, LLC, a private investment firm (2004 to present); Director, Brixmor Real Estate Investment Trust (2012 to present); Director and Advisory Board Member, Deutsche Bank North America (2004 to present) | Under Armour (2008 to present); Brixmor Real Estate Investment Trust (2012 to present); Vornado Real Estate Investment Trust (2004 to 2012); Deutsche Bank North America (2004 to present) |
Donald W. Dick, Jr.* 1943 182 portfolios | Principal, EuroCapital Partners, LLC, an acquisition and management advisory firm (1995 to present) | None |
Bruce W. Duncan 1951 185 portfolios | President, Chief Executive Officer, and Director (2009 to present), and Chairman of the Board (January 2016 to present), First Industrial Realty Trust, owner and operator of industrial properties; Chairman of the Board (2005 to present) and Director (1999 to present), Starwood Hotels & Resorts, hotel and leisure company | None |
Robert J. Gerrard, Jr. 1952 185 portfolios | Advisory Board Member, Pipeline Crisis/Winning Strategies, a collaborative working to improve opportunities for young African Americans (1997 to present) | None |
Karen N. Horn* 1943 182 portfolios | Limited Partner and Senior Managing Director, Brock Capital Group, an advisory and investment banking firm (2004 to present) | Eli Lilly and Company (1987 to present); Simon Property Group (2004 to present); Norfolk Southern (2008 to present) |
Paul F. McBride 1956 185 portfolios | Advisory Board Member, Vizzia Technologies (2015 to present) | None |
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Name, Year of Birth, and Number | Principal
Occupation(s) | Directorships |
Cecilia E. Rouse, Ph.D. 1963 185 portfolios | Dean, Woodrow Wilson School (2012 to present); Professor and Researcher, Princeton University (1992 to present); Director, MDRC, a nonprofit education and social policy research organization (2011 to present); Member of National Academy of Education (2010 to present); Research Associate of Labor Program (2011 to present) and Board Member (2015 to present), National Bureau of Economic Research (2011 to present); Chair of Committee on the Status of Minority Groups in the Economic Profession (2012 to present) and Vice President (2015 to present), American Economic Association | None |
John G. Schreiber 1946 185 portfolios | Owner/President, Centaur Capital Partners, Inc., a real estate investment company (1991 to present); Co-founder, Partner, and Co-Chairman of the Investment Committee, Blackstone Real Estate Advisors, L.P. (1992 to 2015); Director, Blackstone Mortgage Trust, a real estate finance company (2012 to 2016); Director and Chairman of the Board, Brixmor Property Group, Inc. (2013 to present); Director, Hilton Worldwide (2013 to present); Director, Hudson Pacific Properties (2014 to 2016) | General Growth Properties, Inc. (2010 to 2013) |
Mark R. Tercek 1957 185 portfolios | President and Chief Executive Officer, The Nature Conservancy (2008 to present) | None |
* Effective December 31, 2015, Mr. Dick and Ms. Horn retired as independent directors of the Price Funds.
(a) All information about the independent directors was current as of December 31, 2015, except for the number of portfolios overseen, which is current as of the date of this SAI.
Inside Directors(a)
The following persons are considered inside directors of the funds because they also serve as employees of T. Rowe Price or its affiliates. No more than two inside directors serve as directors of any fund.
The Boards invite nominations from the funds investment adviser for persons to serve as inside directors, and the Board reviews and approves these nominations. Each of the current inside directors is a senior executive officer of T. Rowe Price and T. Rowe Price Group, Inc., as well as certain of their affiliates. Mr. Bernard has served as a director of all Price Funds and has been Chairman of the Board for all Price Funds since 2006. Mr. Rogers has served as director of certain Price Funds since 2006. Mr. Wiese has served as director of certain Price Funds since 2015. For each fund, the two inside directors serve as members of the funds Executive Committee. In addition, specific experience with respect to the inside directors occupations and directorships of public companies and other investment companies are set forth in the following table.
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Name, Year of Birth, and Number | Principal
Occupation(s) | Directorships |
Edward C. Bernard 1956 185 portfolios | Director and Vice President, T. Rowe Price; Vice Chairman of the Board, Director, and Vice President, 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 Retirement Plan Services, Inc. and T. Rowe Price Services, Inc.; Chairman of the Board, Chief Executive Officer, Director, and President, T. Rowe Price International and T. Rowe Price Trust Company Chairman of the Board, all funds | None |
Brian C. Rogers; CFA, CIC 1955 131 portfolios | Chief Investment Officer, Director, and Vice President, T. Rowe Price; Chairman of the Board, Chief Investment Officer, Director, and Vice President, T. Rowe Price Group, Inc.; Vice President, T. Rowe Price Trust Company President, Institutional Equity Funds; Director and Vice President, Personal Strategy Funds; Vice President, Equity Income Fund, Retirement Funds, Spectrum Funds, and Value Fund | None |
Edward A. Wiese; CFA 1959 54 portfolios | Vice President, T. Rowe Price, T. Rowe Price Group, Inc., T. Rowe Price International, and T. Rowe Price Trust Company President, Short-Term Bond Fund and Multi-Sector Account Portfolios; Vice President, California Tax-Free Income Trust, State Tax-Free Income Trust, Tax-Exempt Money Fund, and Tax-Free Short-Intermediate Fund | None |
(a) All information about the inside directors was current as of December 31, 2015, except for the number of portfolios overseen, which is current as of the date of this SAI.
Funds-of-Funds Arrangements
The Board is responsible for overseeing the business and affairs of the T. Rowe Price Funds-of-Funds, which consist of the following: Spectrum Growth Fund, Spectrum Income Fund, and Spectrum International Fund (collectively the Spectrum Funds); Retirement 2005 Fund, Retirement 2010 Fund, Retirement 2015 Fund, Retirement 2020 Fund, Retirement 2025 Fund, Retirement 2030 Fund, Retirement 2035 Fund, Retirement 2040 Fund, Retirement 2045 Fund, Retirement 2050 Fund, Retirement 2055 Fund, Retirement 2060 Fund and Retirement Balanced Fund, and their share classes (collectively the RDFs); Retirement I 2005 Fund, Retirement I 2010 Fund, Retirement I 2015 Fund, Retirement I 2020 Fund, Retirement I 2025 Fund, Retirement I 2030 Fund, Retirement I 2035 Fund, Retirement I 2040 Fund, Retirement I 2045 Fund, Retirement I 2050 Fund, Retirement I 2055 Fund, Retirement I 2060 Fund and Retirement Balanced I Fund (collectively the Retirement I Funds); and Target 2005 Fund, Target 2010 Fund, Target 2015 Fund, Target 2020 Fund, Target 2025 Fund, Target 2030 Fund, Target 2035 Fund, Target 2040 Fund, Target 2045 Fund, Target 2050 Fund, Target 2055 Fund and Target 2060 Fund, and their share classes (collectively the TRFs). The Spectrum Funds, RDFs, Retirement I Funds, and TRFs are referred to collectively as Funds-of-Funds and each fund individually a Fund-of-Funds, and where the policies that apply to the RDFs, Retirement I Funds, and TRFs are identical, the RDFs, Retirement I Funds, and TRFs may be referred to collectively as Retirement Date Funds.
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In generally exercising their responsibilities, the Boards, among other things, will refer to the policies, conditions, and guidelines included in an Exemptive Application (and accompanying Notice and Order) originally granted by the SEC in connection with the creation and operation of the Spectrum Funds. The RDFs rely on this same Exemptive Application and Order because the order was designed to cover any Fund-of-Funds arrangements that operate in a similar manner to the Spectrum Funds. The TRFs and Retirement I Funds do not rely on this Exemptive Order since they do not operate in a similar manner to the other Funds-of-Funds.
In connection with the Exemptive Order, the various Price Funds in which the Funds-of-Funds invest (collectively, the underlying Price Funds) have entered into Special Servicing Agreements with T. Rowe Price and each respective Spectrum Fund and/or RDF in which they invest. The Special Servicing Agreements provide that each underlying Price Fund in which a Spectrum Fund and/or RDF invests will bear its proportionate share of the expenses of that Fund-of-Funds if, and to the extent that, the underlying Price Funds savings from the operation of the Spectrum Fund or RDF exceeds these expenses. Pursuant to the Exemptive Order and Special Servicing Agreement, T. Rowe Price has agreed to bear any expenses of the Spectrum Fund or RDF that exceed the estimated savings to the underlying Price Funds. As a result, these Funds-of-Funds do not pay an investment management fee and will effectively pay no operating expenses at the Fund-of-Fund level, although shareholders of these Funds-of-Funds will still indirectly bear their proportionate share of the expenses of each underlying Price Fund in which the Funds-of-Funds invest. The TRFs and Retirement I Funds also do not pay an investment management fee and will indirectly bear their proportionate share of the expenses of each underlying Price Fund in which they invest. However, the TRFs and Retirement I Funds pay their own operating expenses at the Fund-of-Fund level.
A majority of the directors of the Funds-of-Funds are independent of T. Rowe Price and its affiliates. However, the directors and officers of the Funds-of-Funds and certain directors and officers of T. Rowe Price and its affiliates also serve in similar positions with most of the underlying Price Funds. Thus, if the interests of the Funds-of-Funds and the underlying Price Funds were ever to become divergent, it is possible that a conflict of interest could arise and affect how this latter group of persons fulfill their fiduciary duties to the Funds-of-Funds and the underlying Price Funds. The directors of the Funds-of-Funds believe they have structured the Funds-of-Funds to avoid these concerns. However, a situation could conceivably occur where proper action for the Funds-of-Funds could be adverse to the interests of an underlying Price Fund, or the reverse could occur. If such a possibility arises, the directors and officers of the affected funds and the directors and officers of T. Rowe Price will carefully analyze the situation and take all steps they believe reasonable to minimize and, where possible, eliminate the potential conflict.
Term of Office and Length of Time Served
The directors serve until retirement, resignation, or election of a successor. The following table shows the year from which each director has served on each funds Board (or that of the corporation or trust of which the fund is a part).
Independent Directors | |||||||||||
Corporation/Trust | Number of portfolios | Brody | Deering | Dick | Duncan | Gerrard | Horn | McBride | Rouse | Schreiber | Tercek |
Balanced | 1 | 2009 | 2001 | 1991 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
Blue Chip Growth | 1 | 2009 | 2001 | 1993 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
California Tax-Free Income Trust | 2 | 2009 | 1986 | 2001 | 2013 | 2013 | 2003 | 2013 | 2013 | 1992 | 2009 |
Capital Appreciation | 1 | 2009 | 2001 | 1986 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
Capital Opportunity | 1 | 2009 | 2001 | 1994 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
Corporate Income | 1 | 2009 | 1995 | 2001 | 2013 | 2013 | 2003 | 2013 | 2013 | 1995 | 2009 |
Credit Opportunities | 1 | 2014 | 2014 | 2014 | 2014 | 2014 | 2014 | 2014 | 2014 | 2014 | 2014 |
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Independent Directors | |||||||||||
Corporation/Trust | Number of portfolios | Brody | Deering | Dick | Duncan | Gerrard | Horn | McBride | Rouse | Schreiber | Tercek |
Diversified Mid-Cap Growth | 1 | 2009 | 2003 | 2003 | 2013 | 2012 | 2003 | 2013 | 2012 | 2003 | 2009 |
Dividend Growth | 1 | 2009 | 2001 | 1992 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
Equity Income | 1 | 2009 | 2001 | 1994 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
Financial Services | 1 | 2009 | 2001 | 1996 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
Floating Rate | 1 | 2011 | 2011 | 2011 | 2013 | 2013 | 2011 | 2013 | 2013 | 2011 | 2011 |
Global Allocation | 1 | 2013 | 2013 | 2013 | 2013 | 2013 | 2013 | 2013 | 2013 | 2013 | 2013 |
Global Multi-Sector Bond | 1 | 2009 | 2008 | 2008 | 2013 | 2013 | 2008 | 2013 | 2013 | 2008 | 2009 |
Global Real Estate | 1 | 2009 | 2008 | 2008 | 2013 | 2012 | 2008 | 2013 | 2012 | 2008 | 2009 |
Global Technology | 1 | 2009 | 2001 | 2000 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
GNMA | 1 | 2009 | 1985 | 2001 | 2013 | 2013 | 2003 | 2013 | 2013 | 1992 | 2009 |
Growth & Income | 1 | 2009 | 2001 | 1982 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
Growth Stock | 1 | 2009 | 2001 | 1980 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
Health Sciences | 1 | 2009 | 2001 | 1995 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
High Yield | 1 | 2009 | 1984 | 2001 | 2013 | 2013 | 2003 | 2013 | 2013 | 1992 | 2009 |
Index Trust | 5 | 2009 | 2001 | 1994 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
Inflation Protected Bond | 1 | 2009 | 2002 | 2002 | 2013 | 2013 | 2003 | 2013 | 2013 | 2002 | 2009 |
Institutional Equity | 6 | 2009 | 2001 | 1996 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
Institutional Income | 6 | 2009 | 2002 | 2002 | 2013 | 2013 | 2003 | 2013 | 2013 | 2002 | 2009 |
Institutional International | 11 | 2009 | 1991 | 1989 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
Intermediate Tax-Free High Yield | 1 | 2014 | 2014 | 2014 | 2014 | 2014 | 2014 | 2014 | 2014 | 2014 | 2014 |
International | 24 | 2009 | 1991 | 1988 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
International Index | 1 | 2009 | 2000 | 2000 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
Limited Duration Inflation Focused Bond | 1 | 2009 | 2006 | 2006 | 2013 | 2013 | 2006 | 2013 | 2013 | 2006 | 2009 |
Media & Telecommunications | 1 | 2009 | 2001 | 1997 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
Mid-Cap Growth | 1 | 2009 | 2001 | 1992 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
Mid-Cap Value | 1 | 2009 | 2001 | 1996 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
Multi-Sector Account Portfolios | 6 | 2012 | 2012 | 2012 | 2013 | 2013 | 2012 | 2013 | 2013 | 2012 | 2012 |
New America Growth | 1 | 2009 | 2001 | 1985 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
New Era | 1 | 2009 | 2001 | 1994 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
New Horizons | 1 | 2009 | 2001 | 1994 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
New Income | 1 | 2009 | 1980 | 2001 | 2013 | 2013 | 2003 | 2013 | 2013 | 1992 | 2009 |
Personal Strategy | 3 | 2009 | 2001 | 1994 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
Prime Reserve | 1 | 2009 | 1979 | 2001 | 2013 | 2013 | 2003 | 2013 | 2013 | 1992 | 2009 |
Quantitative Management | 4 | 2009 | 2001 | 1997 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
Real Assets | 1 | 2010 | 2010 | 2010 | 2013 | 2012 | 2010 | 2013 | 2012 | 2010 | 2010 |
28
Independent Directors | |||||||||||
Corporation/Trust | Number of portfolios | Brody | Deering | Dick | Duncan | Gerrard | Horn | McBride | Rouse | Schreiber | Tercek |
Real Estate | 1 | 2009 | 2001 | 1997 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
TRP Reserve | 4 | 2009 | 1997 | 2001 | 2013 | 2013 | 2003 | 2013 | 2013 | 1997 | 2009 |
Retirement | 38 | 2009 | 2002 | 2002 | 2013 | 2012 | 2003 | 2013 | 2012 | 2002 | 2009 |
Science & Technology | 1 | 2009 | 2001 | 1994 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
Short-Term Bond | 2 | 2009 | 1983 | 2001 | 2013 | 2013 | 2003 | 2013 | 2013 | 1992 | 2009 |
Small-Cap Stock | 1 | 2009 | 2001 | 1992 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
Small-Cap Value | 1 | 2009 | 2001 | 1994 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
Spectrum | 3 | 2009 | 2001 | 1999 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
State Tax-Free Income Trust | 8 | 2009 | 1986 | 2001 | 2013 | 2013 | 2003 | 2013 | 2013 | 1992 | 2009 |
Summit Income | 1 | 2009 | 1993 | 2001 | 2013 | 2013 | 2003 | 2013 | 2013 | 1993 | 2009 |
Summit Municipal | 3 | 2009 | 1993 | 2001 | 2013 | 2013 | 2003 | 2013 | 2013 | 1993 | 2009 |
Tax-Efficient | 1 | 2009 | 2001 | 1997 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
Tax-Exempt Money | 1 | 2009 | 1983 | 2001 | 2013 | 2013 | 2003 | 2013 | 2013 | 1992 | 2009 |
Tax-Free High Yield | 1 | 2009 | 1984 | 2001 | 2013 | 2013 | 2003 | 2013 | 2013 | 1992 | 2009 |
Tax-Free Income | 1 | 2009 | 1983 | 2001 | 2013 | 2013 | 2003 | 2013 | 2013 | 1992 | 2009 |
Tax-Free Short-Intermediate | 2 | 2009 | 1983 | 2001 | 2013 | 2013 | 2003 | 2013 | 2013 | 1992 | 2009 |
U.S. Bond Enhanced Index | 1 | 2009 | 2000 | 2001 | 2013 | 2013 | 2003 | 2013 | 2013 | 2000 | 2009 |
U.S. Large-Cap Core | 1 | 2009 | 2009 | 2009 | 2013 | 2012 | 2009 | 2013 | 2012 | 2009 | 2009 |
U.S. Treasury | 3 | 2009 | 1989 | 2001 | 2013 | 2013 | 2003 | 2013 | 2013 | 1992 | 2009 |
Value | 1 | 2009 | 2001 | 1994 | 2013 | 2012 | 2003 | 2013 | 2012 | 2001 | 2009 |
Corporation/Trust | Number of portfolios | Inside Directors | ||
Bernard | Rogers | Wiese | ||
Balanced | 1 | 2006 | 2006 | |
Blue Chip Growth | 1 | 2006 | 2006 | |
California Tax-Free Income Trust | 2 | 2006 | | 2015 |
Capital Appreciation | 1 | 2006 | 2006 | |
Capital Opportunity | 1 | 2006 | 2013 | |
Corporate Income | 1 | 2006 | | 2015 |
Credit Opportunities | 1 | 2014 | | 2015 |
Diversified Mid-Cap Growth | 1 | 2006 | 2013 | |
Dividend Growth | 1 | 2006 | 2006 | |
Equity Income | 1 | 2006 | 2006 | |
Financial Services | 1 | 2006 | 2006 | |
Floating Rate | 1 | 2011 | | 2015 |
Global Allocation | 1 | 2013 | 2013 | |
Global Multi-Sector Bond | 1 | 2008 | | 2015 |
29
Corporation/Trust | Number of portfolios | Inside Directors | ||
Bernard | Rogers | Wiese | ||
Global Real Estate | 1 | 2008 | 2008 | |
Global Technology | 1 | 2006 | 2006 | |
GNMA | 1 | 2006 | | 2015 |
Growth & Income | 1 | 2006 | 2006 | |
Growth Stock | 1 | 2006 | 2006 | |
Health Sciences | 1 | 2006 | 2013 | |
High Yield | 1 | 2006 | | 2015 |
Index Trust | 5 | 2006 | 2006 | |
Inflation Protected Bond | 1 | 2006 | | 2015 |
Institutional Equity | 6 | 2006 | 2006 | |
Institutional Income | 6 | 2006 | | 2015 |
Institutional International | 11 | 2006 | 2006 | |
Intermediate Tax-Free High Yield | 1 | 2014 | | 2015 |
International | 24 | 2006 | 2006 | |
International Index | 1 | 2006 | 2006 | |
Limited Duration Inflation Focused Bond | 1 | 2006 | | 2015 |
Media & Telecommunications | 1 | 2006 | 2006 | |
Mid-Cap Growth | 1 | 2006 | 2006 | |
Mid-Cap Value | 1 | 2006 | 2006 | |
Multi-Sector Account Portfolios | 6 | 2012 | | 2015 |
New America Growth | 1 | 2006 | 2013 | |
New Era | 1 | 2006 | 2006 | |
New Horizons | 1 | 2006 | 2013 | |
New Income | 1 | 2006 | | 2015 |
Personal Strategy | 3 | 2006 | 2006 | |
Prime Reserve | 1 | 2006 | | 2015 |
Quantitative Management | 4 | 2006 | 2013 | |
Real Assets | 1 | 2010 | 2010 | |
Real Estate | 1 | 2006 | 2006 | |
TRP Reserve | 4 | 2006 | | 2015 |
Retirement | 38 | 2006 | 2006 | |
Science & Technology | 1 | 2006 | 2013 | |
Short-Term Bond | 2 | 2006 | | 2015 |
Small-Cap Stock | 1 | 2006 | 2013 | |
Small-Cap Value | 1 | 2006 | 2013 | |
Spectrum | 3 | 2006 | 2006 | |
State Tax-Free Income Trust | 8 | 2006 | | 2015 |
Summit Income | 1 | 2006 | | 2015 |
Summit Municipal | 3 | 2006 | | 2015 |
Tax-Efficient | 1 | 2006 | 2006 | |
30
Corporation/Trust | Number of portfolios | Inside Directors | ||
Bernard | Rogers | Wiese | ||
Tax-Exempt Money | 1 | 2006 | | 2015 |
Tax-Free High Yield | 1 | 2006 | | 2015 |
Tax-Free Income | 1 | 2006 | | 2015 |
Tax-Free Short-Intermediate | 2 | 2006 | | 2015 |
U.S. Bond Enhanced Index | 1 | 2006 | | 2015 |
U.S. Large-Cap Core | 1 | 2009 | 2009 | |
U.S. Treasury | 3 | 2006 | | 2015 |
Value | 1 | 2006 | 2006 | |
Officers
Fund | Name | Position
Held |
All funds | Darrell N. Braman Paul J. Krug David Oestreicher John W. Ratzesberger Deborah D. Seidel Jeffrey T. Zoller Catherine D. Mathews Shannon Hofher Rauser John R. Gilner | Vice President and Secretary Vice President Vice President Vice President Vice President Vice President Treasurer and Vice President Assistant Secretary Chief Compliance Officer |
Fund | Name | Position Held |
Balanced | Charles M. Shriver Kimberly E. DeDominicis Anna A. Dreyer Mark S. Finn Robert M. Larkins Wyatt A. Lee Raymond A. Mills Sebastien Page Larry J. Puglia Guido F. Stubenrauch Toby M. Thompson Mark J. Vaselkiv Richard T. Whitney (For remaining officers, refer to the All funds table) | 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 |
Blue Chip Growth | Larry J. Puglia Ziad Bakri Peter J. Bates Ryan N. Burgess Eric L. DeVilbiss Shawn T. Driscoll Paul D. Greene II Ryan S. Hedrick Thomas J. Huber George A. Marzano Vivek Rajeswaran Robert W. Sharps Taymour R. Tamaddon (For remaining officers, refer to the All funds table) | 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 |
31
Fund | Name | Position Held |
California Tax-Free Income Trust California Tax-Free Bond California Tax-Free Money | Hugh D. McGuirk Joseph K. Lynagh Konstantine B. Mallas Steven G. Brooks M. Helena Condez G. Richard Dent Charles E. Emrich Sarah J. Engle Stephanie A. Gentile Marcy M.Lash Alan D. Levenson Linda A. Murphy Chen Shao Douglas D. Spratley Timothy G. Taylor Robert D. Thomas Edward A. Wiese (For remaining officers, refer to the All funds table) | 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 Vice President Vice President |
Capital Appreciation | David R. Giroux Shawn T. Driscoll Jon M. Friar Paul D. Greene II Nina P. Jones Vidya Kadiyam Steven D. Krichbaum John D. Linehan Paul M. Massaro Sudhir Nanda Farris G. Shuggi Gabriel Solomon Taymour R. Tamaddon Susan G. Troll Tamara P. Wiggs (For remaining officers, refer to the All funds table) | 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 |
Capital Opportunity | Ann M. Holcomb Jason B. Polun Eric L. Veiel Kennard W. Allen Peter J. Bates Ryan N. Burgess Christopher W. Carlson Donald J. Easley Joseph B. Fath Mark S. Finn Steven D. Krichbaum Jennifer Martin Jeffrey Rottinghaus Thomas H. Watson Justin P. White (For remaining officers, refer to the All funds table) | Co-President Co-President Co-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 |
32
Fund | Name | Position Held |
Corporate Income | David A. Tiberii Steve Boothe Steven G. Brooks Michael P. Daley Michael J. Grogan Michael Lambe Matthew Lawton Samy B. Muaddi Alexander S. Obaza Miso Park Vernon A. Reid, Jr. Theodore E. Robson Elliot J. Shue Scott D. Solomon Kimberly A Stokes Robert D. Thomas Lauren T. Wagandt J. Howard Woodward (For remaining officers, refer to the All funds table) | 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 Vice President Vice President Vice President |
Credit Opportunities | Rodney M. Rayburn Michael F. Blandino Christopher P. Brown, Jr. Andrew P. Jamison James M. Murphy Brian A. Rubin Jamie Shin Robert D. Thomas Siby Thomas Michael J. Trivino Lauren T. Wagandt (For remaining officers, refer to the All funds table) | 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 Jason Adams Kennard W. Allen Peter J. Bates Brian W.H. Berghuis Eric L. DeVilbiss Stephon A. Jackson Sudhir Nanda Timothy E. Parker John F. Wakeman Rouven J. Wool-Lewis (For remaining officers, refer to the All funds table) | President Executive Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Dividend Growth | Thomas J. Huber Peter J. Bates Andrew S. Davis Jon M. Friar Ryan Hedrick David M. Lee Jeffrey Rottinghaus Weijie Si Gabriel Solomon John M. Williams Jon D. Wood (For remaining officers, refer to the All funds table) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
33
Fund | Name | Position Held |
Equity Income | John D. Linehan Jason Adams Vinit Agrawal Andrew M. Brooks Mark S. Finn David R. Giroux Ryan Hedrick Shinwoo Kim Daniel Martino George Marzano Heather K. McPherson Kyle Rasbach Brian C. Rogers Matthew J. Snowling (For remaining officers, refer to the All funds table) | 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 |
Financial Services | Gabriel Solomon Vincent DeAugustino Stephen M. Finamore Christopher T. Fortune Jon M. Friar Nina P. Jones Yoichiro Kai Gregory Locraft Andrew C. McCormick Ian C. McDonald Jason B. Polun Matthew J. Snowling Mitchell J.K. Todd Susan G. Troll Zenon Voyiatzis Tamara P. Wiggs (For remaining officers, refer to the All funds table) | 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 |
Floating Rate | Mark J. Vaselkiv Paul M. Massaro Brian E. Burns Michael F. Connelly Stephen M. Finamore Justin T. Gerbereux David R. Giroux Steven C. Huber Michael J. McGonigle Brian A. Rubin Thomas E. Tewksbury Thea N. Williams (For remaining officers, refer to the All funds table) | President Executive Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Global Allocation | Charles M. Shriver Stephen L. Bartolini Robert L. Harlow Steven C. Huber Stefan Hubrich Robert M. Larkins Sebastien Page Robert A. Panariello Darrell Riley Toby M. Thompson Richard T. Whitney (For remaining officers, refer to the All funds table) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
34
Fund | Name | Position Held |
Global Multi-Sector Bond | Steven C. Huber Steve Boothe Michael J. Conelius Quentin S. Fitzsimmons Arif Husain Andrew J. Keirle Paul M. Massaro Andrew C. McCormick Samy B. Muaddi Kenneth A. Orchard David Stanley Ju Yen Tan (For remaining officers, refer to the All funds table) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Global Real Estate | Nina P. Jones Harishankar Balkrishna Richard N. Clattenburg Tetsuji Inoue Jai Kapadia David M. Lee Robert J. Marcotte Daniel A. McCulley Raymond A. Mills Philip A. Nestico Viral S. Patel Preeta Ragavan (For remaining officers, refer to the All funds table) | 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 | Joshua K. Spencer Kennard W. Allen Christopher W. Carlson David J. Eiswert Henry M. Ellenbogen Paul D. Greene II Jacqueline Liu Heather K. McPherson Tobias F. Mueller Corey D. Shull Michael F. Sola Alan Tu Thomas H. Watson Alison Mei Ling Yip (For remaining officers, refer to the All funds table) | 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 |
GNMA | Andrew C. McCormick Anil K. Andhavarapu Brian J. Brennan Christopher P. Brown, Jr. Ramon R. de Castro Keir R. Joyce Martin G. Lee Alan D. Levenson Michael K. Sewell John D. Wells Rick Zhang Steven M. Kohlenstein Victor M. Weinblatt (For remaining officers, refer to the All funds table) | 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 |
35
Fund | Name | Position Held |
Growth & Income | Jeffrey Rottinghaus Peter J. Bates Shawn T. Driscoll Joseph B. Fath Mark S. Finn Paul D. Greene II John D. Linehan Robert W. Sharps Gabriel Solomon (For remaining officers, refer to the All funds table) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Growth Stock | Joseph B. Fath Andrew S. Davis Eric L. DeVilbiss Shawn T. Driscoll Greg Dunham David J. Eiswert Jon M. Friar Paul D. Greene II Daniel Martino Robert W. Sharps Taymour R. Tamaddon Justin P. White (For remaining officers, refer to the All funds table) | 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 | Taymour R. Tamaddon Ziad Bakri Melissa C. Gallagher John Hall Adam Poussard Kyle Rasbach Jon D. Wood Rouven J. Wool-Lewis (For remaining officers, refer to the All funds table) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
High Yield | Mark J. Vaselkiv Jason A. Bauer Andrew M. Brooks Michael F. Connelly Michael Della Vedova Carson R. Dickson Stephen M. Finamore Justin T. Gerbereux Andrew P. Jamison Paul M. Massaro Brian A. Rubin Jamie Shin Thomas E. Tewksbury Michael J. Trivino Thea N. Williams (For remaining officers, refer to the All funds table) | 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 |
Index Trust Equity Index 500 Extended Equity Market Index Mid-Cap Index Small-Cap Index Total Equity Market Index | Ken D. Uematsu E. Frederick Bair Neil Smith Craig A. Thiese Michael T. Wehn (For remaining officers, refer to the All funds table) | President Executive Vice President Vice President Vice President Vice President |
36
Fund | Name | Position Held |
Inflation Protected Bond | Daniel O. Shackelford Stephen L. Bartolini Brian J. Brennan Geoffrey M. Hardin Alan D. Levenson Andrew C. McCormick Michael F. Reinartz Rebecca L. Setcavage Scott D. Solomon (For remaining officers, refer to the All funds table) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Institutional Equity Funds Institutional Large-Cap Core Growth Institutional Large-Cap Growth Institutional Large-Cap Value Institutional Mid-Cap Equity Growth Institutional Small-Cap Stock Institutional U.S. Structured Research | Brian C. Rogers Brian W.H. Berghuis Mark S. Finn Ann M. Holcomb John D. Linehan Gregory A. McCrickard Heather K. McPherson Jason B. Polun Larry J. Puglia Robert W. Sharps Eric L. Veiel J. David Wagner John F. Wakeman (For remaining officers, refer to the All funds table) | President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Vice President Vice President |
Institutional Income Funds Institutional Core Plus Institutional Credit Opportunities Institutional Floating Rate Institutional Global Multi-Sector Bond Institutional High Yield Institutional Long Duration Credit | Mark J. Vaselkiv Brian J. Brennan Steven C. Huber Paul M. Massaro Rodney M. Rayburn David A. Tiberii Stephen L. Bartolini Jason A. Bauer Michael F. Blandino Steve Boothe Andrew M. Brooks Christopher P. Brown, Jr. Brian E. Burns Michael J. Conelius Michael F. Connelly Michael P. Daley Stephen M. Finamore Quentin S. Fitzsimmons Justin T. Gerbereux David R. Giroux Michael J. Grogan Arif Husain Andrew P. Jamison Andrew J. Keirle Michael Lambe Robert M. Larkins Andrew C. McCormick Michael J. McGonigle Samy B. Muaddi James M. Murphy Alexander S. Obaza Kenneth A. Orchard Miso Park Vernon A. Reid, Jr. Theodore E. Robson Brian A. Rubin Daniel O. Shackelford Jamie Shin | 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 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 |
37
Fund | Name | Position Held |
Scott D. Solomon David Stanley Kimberly A. Stokes Ju Yen Tan Thomas E. Tewksbury Robert. D. Thomas Siby Thomas Michael J. Trivino Lauren T. Wagandt Thea N. Williams J. Howard Woodward (For remaining officers, refer to the All funds table) | Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President | |
Institutional International Funds Institutional Africa & Middle East Institutional Emerging Markets Bond Institutional Emerging Markets Equity Institutional Frontier Markets Equity Institutional Global Focused Growth Equity Institutional Global Growth Equity Institutional Global Value Equity Institutional International Bond Institutional International Concentrated Equity Institutional International Core Equity Institutional International Growth Equity | Christopher D. Alderson Oliver D.M. Bell R. Scott Berg Richard N. Clattenburg Michael J. Conelius David J. Eiswert Arif Husain Andrew J. Keirle Sebastien Mallet Raymond A. Mills Joshua Nelson Jason Nogueira Kenneth A. Orchard Gonzalo Pangaro Federico Santilli Ulle Adamson Roy H. Adkins Paulina Amieva Malik S. Asif Harishankar Balkrishna Sheena L. Barbosa Peter J. Bates Steve Boothe Peter I. Botoucharov Tala Boulos Carolyn Hoi Che Chu Archibald Ciganer Albeniz Michael Della Vedova Richard de los Reyes Laurent Delgrande Shawn T. Driscoll Bridget A. Ebner Mark S. Finn Quentin S. Fitzsimmons Paul D. Greene II Benjamin Griffiths Amanda B. Hall Richard L. Hall Nabila Hanano Steven C Huber Stefan Hubrich Randal S. Jenneke Nina P. Jones Yoichiro Kai Jai Kapadia Christopher J. Kushlis Mark J. Lawrence Christopher C. Loop Anh Lu Jonathan H.W. Matthews | President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice 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 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 Vice President |
38
Fund | Name | Position Held |
Eric C. Moffett Tobias Mueller Sudhir Nanda Sridhar Nishtala Michael D. Oh Oluwaseun A. Oyegunle Sebastian Schrott Robert W. Sharps John C.A. Sherman Robert W. Smith Gabriel Solomon Joshua K. Spencer David Stanley Taymour R. Tamaddon Ju Yen Tan Dean Tenerelli Eric L. Veiel Verena E. Wachnitz Dai Wang Christopher S. Whitehouse J. Howard Woodward Ernest C. Yeung (For remaining officers, refer to the All funds table) | 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 | |
Intermediate Tax-Free High Yield | James M. Murphy R. Lee Arnold, Jr. M. Helena Condez G. Richard Dent Sarah J. Engle Charles B. Hill Dylan Jones Marianna Korpusova Marcy M. Lash Konstantine B. Mallas Hugh D. McGuirk Linda A. Murphy Chen Shao Timothy G. Taylor (For remaining officers, refer to the All funds table) | 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 |
International Funds Africa & Middle East Asia Opportunities Emerging Europe Emerging Markets Bond Emerging Markets Corporate Bond Emerging Markets Local Currency Bond Emerging Markets Stock Emerging Markets Value Stock European Stock Global Consumer Global Growth Stock Global High Income Bond Global Industrials Global Stock Global Unconstrained Bond International Bond International Concentrated Equity International Discovery International Growth & Income International Stock Japan Latin America New Asia | Christopher D. Alderson Ulle Adamson Peter J. Bates Oliver D.M. Bell R. Scott Berg Archibald Ciganer Albeniz Richard N. Clattenburg Michael J. Conelius Michael Della Vedova David J. Eiswert Arif Husain Andrew J. Keirle Anh Lu Jonathan H.W. Matthews Raymond A. Mills Eric C. Moffett Samy B. Muaddi Joshua Nelson Jason Nogueira Kenneth A. Orchard Gonzalo Pangaro Christopher J. Rothery Federico Santilli Dean Tenerelli | President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President |
39
Fund | Name | Position Held |
Overseas Stock | Justin Thomson Mark J. Vaselkiv Verena E. Wachnitz Ernest C. Yeung Jason Adams Roy H. Adkins Syed H. Ali Paulina Amieva Malik S. Asif Harishankar Balkrishna Sheena L. Barbosa Luis M. Baylac Steve Boothe Peter I. Botoucharov Tala Boulos Ryan N. Burgess Sheldon Chan Andrew Chang Tak Yiu Cheng Carolyn Hoi Che Chu Michael F. Connelly Andrew S. Davis Richard de los Reyes Laurent Delgrande Shawn T. Driscoll Bridget A. Ebner Henry M. Ellenbogen Ryan W. Ferro Mark S. Finn Quentin S. Fitzsimmons Melissa C. Gallagher Justin T. Gerbereux Alastair McKinlay Gilmour Vishnu Vardhan Gopal Joel Grant Paul D. Greene II Benjamin Griffiths Amanda B. Hall Richard L. Hall Nabil Hanano Steven C. Huber Stefan Hubrich Tetsuji Inoue Michael Jacobs Randal S. Jenneke Prashant G. Jeyaganesh Nina P. Jones Yoichiro Kai Jai Kapadia Christopher J. Kushlis Shengrong Lau Mark J. Lawrence Jacqueline Liu Christopher C. Loop Oxana Lyalina Sebastien Mallet Ryan Martyn Jihong Min Tobias Mueller Jared T. Murphy Philip A. Nestico Michael Niedzielski | 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 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 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 |
40
Fund | Name | Position Held |
Sridhar Nishtala Michael D. Oh Curt J. Organt Paul T. OSullivan Oluwaseun A. Oyegunle Vivek Rajeswaran Melanie A.Rizzo David L. Rowlett Mariel Santiago Sebastian Schrott Jeneiv Shah Robert W. Sharps John C.A. Sherman Robert W. Smith Gabriel Solomon Eunbin Song Joshua K. Spencer David Stanley Taymour R. Tamaddon Ju Yen Tan Sin Dee Tan Siby Thomas Mitchell J.K. Todd Kes Visuvalingam David J. Wallack Dai Wang Hiroshi Watanabe Christopher S. Whitehouse Clive M. Williams J. Howard Woodward Marta Yago Benjamin T. Yeagle Alison Mei Ling Yip Wenli Zheng (For remaining officers, refer to the All funds table) | 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 Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President | |
International Index Fund International Equity Index | Neil Smith E. Frederick Bair Craig A. Thiese Ken D. Uematsu Michael T. Wehn (For remaining officers, refer to the All funds table) | President Vice President Vice President Vice President Vice President |
Limited Duration Inflation Focused Bond | Daniel O. Shackelford Stephen L. Bartolini Brian J. Brennan Jerome A. Clark Geoffrey M. Hardin Wyatt A. Lee Andrew C. McCormick Cheryl A. Mickel Vernon A. Reid, Jr. Michael F. Reinartz Rebecca L. Setcavage Scott D. Solomon (For remaining officers, refer to the All funds table) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
41
Fund | Name | Position Held |
Media & Telecommunications | Paul D. Greene II Paul Y. Cho Greg Dunham David J. Eiswert Henry M. Ellenbogen Joseph B. Fath Jacqueline Liu Daniel Martino Jeffrey R. Nathan Philip A. Nestico Corey D. Shull Verena E. Wachnitz Justin P. White Christopher S. Whitehouse Ernest C. Yeung Wenli Zheng (For remaining officers, refer to the All funds table) | 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 |
Mid-Cap Growth | Brian W.H. Berghuis John F. Wakeman Kennard W. Allen Ira W. Carnahan Shawn T. Driscoll Donald J. Easley Henry M. Ellenbogen Joseph B. Fath Robert J. Marcotte Vicek Rajeswaran Taymour R. Tamaddon Justin P. White (For remaining officers, refer to the All funds table) | President Executive Vice President Vice 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 Heather K. McPherson Ryan N. Burgess Christopher W. Carlson Richard de los Reyes Henry M. Ellenbogen Mark S. Finn Ryan S. Hedrick Gregory A. McCrickard Gabriel Solomon J. David Wagner Justin P. White John M. Williams (For remaining officers, refer to the All funds table) | 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 |
Multi-Sector Account Portfolios Emerging Markets Corporate Multi-Sector Account Portfolio Emerging Markets Local Multi-Sector Account Portfolio Floating Rate Multi-Sector Account Portfolio High Yield Multi-Sector Account Portfolio Investment-Grade Corporate Multi-Sector Account Portfolio Mortgage-Backed Securities Multi-Sector Account Portfolio | Edward A. Wiese Steve Boothe Andrew J. Keirle Paul M. Massaro Andrew C. McCormick Samy B. Muaddi Mark J. Vaselkiv Roy H. Adkins Anil K. Andhavarapu Peter I. Botoucharov Tala Boulos Brian J. Brennan Steven G. Brooks Christopher P. Brown, Jr. Brian E. Burns Sheldon Chan Carolyn Hoi Che Chu | 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 |
42
Fund | Name | Position Held |
Michael J. Conelius Michael F. Connelly Michael P. Daley Ramon R. de Castro Stephen M. Finamore Justin T. Gerbereux Michael J. Grogan Richard L. Hall Steven C. Huber Arif Husain Keir R. Joyce Christopher J. Kushlis Michael Lambe Martin G. Lee Alan D. Levenson Christopher C. Loop Michael J. McGonigle Alexander S. Obaza Michael D. Oh Kenneth A. Orchard Miso Park Vernon A. Reid, Jr. Theodore E. Robson Brian A. Rubin Mariel Santiago Michael K. Sewell Daniel O. Shackelford Scott D. Solomon David Stanley Kimberly A. Stokes Ju Yen Tan Thomas E. Tewksbury Robert. D. Thomas Siby Thomas David A. Tiberii Lauren T. Wagandt John D. Wells Thea N. Williams J. Howard Woodward Steven M. Kohlenstein (For remaining officers, refer to the All funds table) | 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 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 America Growth | Justin P. White Ziad Bakri Brian W.H. Berghuis Eric L. DeVilbiss Shawn T. Driscoll Ian C. McDonald Curt J. Organt David L. Rowlett Robert W. Sharps Taymour R. Tamaddon Craig A. Thiese Thomas H. Watson (For remaining officers, refer to the All funds table) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
43
Fund | Name | Position Held |
New Era | Shawn T. Driscoll Syed H. Ali Ryan N. Burgess Richard de los Reyes Christopher Driessen Donald J. Easley Mark S. Finn Ryan S. Hedrick Shinwoo Kim Ryan Martyn Heather K. McPherson Christian M. ONeill Timothy E. Parker Vivek Rajeswaran Thomas A. Shelmerdine Craig A. Thiese David J. Wallack John M. Williams (For remaining officers, refer to the All funds table) | 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 |
New Horizons | Henry M. Ellenbogen Francisco M. Alonso Preston G. Athey Ziad Bakri Brian W.H. Berghuis Michael F. Blandino Christopher W. Carlson Eric L. DeVilbiss Anouk Dey Barry Henderson Timothy E. Parker Adam Poussard Corey D. Shull Michael F. Sola Joshua K. Spencer Justin Thomson Alan Tu J. David Wagner (For remaining officers, refer to the All funds table) | 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 |
New Income | Daniel O. Shackelford Stephen L. Bartolini Steve Boothe Brian J. Brennan Christopher P. Brown, Jr. Michael J. Grogan Geoffrey M. Hardin Steven C. Huber Robert M. Larkins Alan D. Levenson Andrew C. McCormick Vernon A. Reid, Jr. Rebecca L. Setcavage David A. Tiberii (For remaining officers, refer to the All funds table) | 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 |
44
Fund | Name | Position Held |
Personal Strategy Funds Personal Strategy Balanced Personal Strategy Growth Personal Strategy Income | Charles M. Shriver Christopher D. Alderson E. Frederick Bair Jerome A. Clark Kimberly E. DeDominicis Mark S. Finn David R. Giroux Ian D. Kelson Wyatt A. Lee Raymond A. Mills Sebastien Page Larry J. Puglia Brian C. Rogers Daniel O. Shackelford Robert W. Sharps Guido F. Stubenrauch Toby M. Thompson Justin Thomson Mark J. Vaselkiv Richard T. Whitney (For remaining officers, refer to the All funds table) | 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 |
Prime Reserve | Joseph K. Lynagh M. Helena Condez G. Richard Dent Stephanie A. Gentile Marcy M. Lash Alan D. Levenson Cheryl A. Mickel Chen Shao Douglas D. Spratley Robert D. Thomas (For remaining officers, refer to the All funds table) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Quantitative Management QM Global Equity QM U.S. Small & Mid-Cap Core Equity QM U.S. Small-Cap Growth Equity QM U.S. Value Equity | Sudhir Nanda Boyko D. Atanassov Prashant G. Jeyaganesh Farris G. Shuggi Vinit Agrawal Vidya Kadiyam (For remaining officers, refer to the All funds table) | President Executive Vice President Executive Vice President Executive Vice President Vice President Vice President |
Real Assets | Wyatt A. Lee E. Frederick Bair Stephen L. Bartolini Richard de los Reyes Shawn T. Driscoll Stefan Hubrich Nina P. Jones David M. Lee Daniel O. Shackelford Charles M. Shriver Richard T. Whitney (For remaining officers, refer to the All funds table) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Real Estate | David M. Lee Thomas J. Huber Nina P. Jones Daniel A. McCulley Philip A. Nestico Preeta Ragavan Theodore E. Robson Weijie Si (For remaining officers, refer to the All funds table) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
45
Fund | Name | Position Held |
TRP Reserve Funds Government Reserve Investment Reserve Investment Short-Term Government Reserve Short-Term Reserve | Joseph K. Lynagh Steven G. Brooks M. Helena Condez G. Richard Dent Stephani A. Gentile March M. Lash Alan D. Levenson Cheryl A. Mickel Chen Shao Douglas D. Spratley Robert D. Thomas (For remaining officers, refer to the All funds table) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Retirement Funds Retirement 2005 Retirement 2010 Retirement 2015 Retirement 2020 Retirement 2025 Retirement 2030 Retirement 2035 Retirement 2040 Retirement 2045 Retirement 2050 Retirement 2055 Retirement 2060 Retirement Balanced Retirement I 2005 FundI Class Retirement I 2010 FundI Class Retirement I 2015 FundI Class Retirement I 2020 FundI Class Retirement I 2025 FundI Class Retirement I 2030 FundI Class Retirement I 2035 FundI Class Retirement I 2040 FundI Class Retirement I 2045 FundI Class Retirement I 2050 FundI Class Retirement I 2055 FundI Class Retirement I 2060 FundI Class Retirement Balanced I FundI Class Target 2005 Target 2010 Target 2015 Target 2020 Target 2025 Target 2030 Target 2035 Target 2040 Target 2045 Target 2050 Target 2055 Target 2060 | Jerome A. Clark Wyatt A. Lee Christopher D. Alderson Kimberly E. DeDominicis David R. Giroux Ian D. Kelson Brian C. Rogers Daniel O. Shackelford Robert W. Sharps Charles M. Shriver Guido F. Stubenrauch Justin Thomson James Tzitzouris Mark J. Vaselkiv Richard T. Whitney (For remaining officers, refer to the All funds table) | 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 |
46
Fund | Name | Position Held |
Science & Technology | Kennard W. Allen Brian W.H. Berghuis Greg Dunham David J. Eiswert Paul D. Greene II Tobias F. Mueller Emily C. Scudder Michael F. Sola Joshua K. Spencer Alan Tu Thomas H. Watson Alison Mei Ling Yip (For remaining officers, refer to the All funds table) | 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 Ultra Short-Term Bond | Edward A. Wiese Joseph K. Lynagh Michael F. Reinartz Steven G. Brooks Jason T. Collins M. Helena Condez Levent Demirekler Michael J. Grogan Geoffrey M. Hardin Charles B. Hill Keir R. Joyce Andrew C. McCormick Cheryl A. Mickel Alexander S. Obaza Vernon A. Reid, Jr. Chen Shao Douglas D. Spratley John D. Wells Steven M. Kohlenstein (For remaining officers, refer to the All funds table) | 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 Vice President Vice President Vice President Assistant Vice President |
Small-Cap Stock | Gregory A. McCrickard Francisco M. Alonso Andrew S. Davis Christopher T. Fortune Robert J. Marcotte Curt J. Organt Timothy E. Parker Charles G. Pepin Robert T. Quinn Michael F. Sola Joshua K. Spencer J. David Wagner Rouven J. Wool-Lewis (For remaining officers, refer to the All funds table) | 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 |
Small-Cap Value | J. David Wagner Francisco M. Alonso Preston G. Athey Andrew S. Davis Christopher T. Fortune Ryan S. Hedrick Nina P. Jones Gregory A. McCrickard Curt J. Organt Timothy E. Parker Robert T. Quinn Farris G. Shuggi (For remaining officers, refer to the All funds table) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
47
Fund | Name | Position Held |
Spectrum Funds Spectrum Growth Spectrum Income Spectrum International | Charles M. Shriver Christopher D. Alderson Kimberly E. DeDominicis David R. Giroux Ian D. Kelson Sebastien Page Brian C. Rogers Daniel O. Shackelford Robert W. Sharps Guido F. Stubenrauch Toby M. Thompson Justin Thomson Mark J. Vaselkiv Richard T. Whitney (For remaining officers, refer to the All funds table) | 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 |
State Tax-Free Income Trust 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 New York Tax-Free Money Virginia Tax-Free Bond | Hugh D. McGuirk Charles B. Hill Joseph K. Lynagh Konstantine B. Mallas Austin Applegate R. Lee Arnold, Jr. Colin T. Bando M. Helena Condez G. Richard Dent Charles E. Emrich Sarah J. Engle Stephanie A. Gentile Dylan Jones Marianna Korpusova Marcy M. Lash Alan D. Levenson James T. Lynch James M. Murphy Linda A. Murphy Chen Shao Douglas D. Spratley Timothy G. Taylor Robert D. Thomas Edward A. Wiese (For remaining officers, refer to the All funds table) | 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 Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Summit Income Funds Summit Cash Reserves | Joseph K. Lynagh M. Helena Condez G. Richard Dent Stephanie A. Gentile Marcy M. Lash Alan D. Levenson Cheryl A. Mickel Chen Shao Douglas D. Spratley Robert D. Thomas (For remaining officers, refer to the All funds table) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
48
Fund | Name | Position Held |
Summit Municipal Funds Summit Municipal Income Summit Municipal Intermediate Summit Municipal Money Market | Hugh D. McGuirk Charles B. Hill Joseph K. Lynagh Konstantine B. Mallas Austin Applegate R. Lee Arnold, Jr. M. Helena Condez G. Richard Dent Charles E. Emrich Sarah J. Engle Stephanie A. Gentile Dylan Jones Marianna Korpusova Marcy M. Lash Alan D. Levenson James T. Lynch Cheryl A. Mickel James M. Murphy Linda A. Murphy Chen Shao Douglas D. Spratley Timothy G. Taylor Robert D. Thomas (For remaining officers, refer to the All funds table) | 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 Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Tax-Efficient Funds Tax-Efficient Equity | Donald J. Peters Kennard W. Allen Ziad Bakri Andrew S. Davis Greg Dunham Donald J. Easley Timothy E. Parker Taymour R. Tamaddon Alan Tu Mark R. Weigman (For remaining officers, refer to the All funds table) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Tax-Exempt Money | Joseph K. Lynagh M. Helena Condez G. Richard Dent Stephanie A. Gentile Marcy M. Lash Alan D. Levenson Chen Shao Douglas D. Spratley Robert D. Thomas Edward A. Wiese (For remaining officers, refer to the All funds table) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
49
Fund | Name | Position Held |
Tax-Free High Yield | James M. Murphy R. Lee Arnold, Jr. Austin Applegate Colin T. Bando G. Richard Dent Sarah J. Engle Charles B. Hill Dylan Jones Marianna Korpusova Marcy M. Lash Konstantine B. Mallas Hugh D. McGuirk Linda A. Murphy Chen Shao Timothy G. Taylor (For remaining officers, refer to the All funds table) | 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 |
Tax-Free Income | Konstantine B. Mallas R. Lee Arnold, Jr. M. Helena Condez G. Richard Dent Sarah J. Engle Charles B. Hill Marcy M. Lash James T. Lynch Hugh D. McGuirk James M. Murphy Chen Shao Timothy G. Taylor (For remaining officers, refer to the All funds table) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
Tax-Free Short-Intermediate Tax-Free Ultra Short-Term Bond | Charles B. Hill Austin Applegate M. Helena Condez G. Richard Dent Charles E. Emrich Dylan Jones Marianna Korpusova Marcy M. Lash Joseph K. Lynagh James T. Lynch Konstantine B. Mallas Hugh D. McGuirk Chen Shao Timothy G. Taylor Edward A. Wiese (For remaining officers, refer to the All funds table) | 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 |
U.S. Bond Enhanced Index | Robert M. Larkins Stephen L. Bartolini Brian J. Brennan Christopher P. Brown Martin G. Lee Andrew C. McCormick Daniel O. Shackelford Scott D. Solomon David A. Tiberii (For remaining officers, refer to the All funds table) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
50
Fund | Name | Position Held |
U.S. Large-Cap Core | Jeffrey Rottinghaus Peter J. Bates Shawn T. Driscoll Joseph B. Fath Mark S. Finn Paul D. Greene II John D. Linehan Robert W. Sharps Gabriel Solomon (For remaining officers, refer to the All funds table) | President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President |
U.S. Treasury Funds U.S. Treasury Intermediate U.S. Treasury Long-Term U.S. Treasury Money | Brian J. Brennan Joseph K. Lynagh Stephen L. Bartolini M. Helena Condez G. Richard Dent Stephanie A. Gentile Geoffrey M. Hardin Marcy M. Lash Alan D. Levenson Andrew C. McCormick Cheryl A. Mickel Rebecca L. Setcavage Daniel O. Shackelford Chen Shao Douglas D. Spratley Robert D. Thomas (For remaining officers, refer to the All funds table) | 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 Vice President |
Value | Mark S. Finn Peter J. Bates Jason A. Bauer Ira W. Carnahan Andrew S. Davis Joel Grant John D. Linehan Daniel Martino Heather K. McPherson Christian ONeill Brian C. Rogers Weijie Si Joshua K. Spencer Tamara P. Wiggs Jon D. Wood (For remaining officers, refer to the All funds table) | 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 |
Officers
Name, Year of Birth, and Principal Occupation(s) | Position(s) Held With Fund(s) |
Jason R. Adams, 1979 Vice President T. Rowe Price and T. Rowe Price Group, Inc.; formerly Research Analyst, Caxton Associates (to 2015) | Vice President, Diversified Mid-Cap Growth Fund, Equity Income Fund, and International Funds |
Ulle Adamson, 1979 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; CFA | Executive Vice President, International Funds; Vice President, Institutional International Funds |
Roy H. Adkins, 1970 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Vice President, Institutional International Funds, International Funds, and Multi-Sector Account Portfolios |
51
Name, Year of Birth, and Principal
Occupation(s) | Position(s) Held With Fund(s) |
Vinit Agrawal, 1987 Vice President, T. Rowe Price | Vice President, Equity Income Fund and Quantitative Management Funds |
Christopher D. Alderson, 1962 Companys Representative and Vice President, Price Hong Kong; Vice President, Price Singapore; Director and Vice President, T. Rowe Price International; Vice President, T. Rowe Price Group, Inc. | President, Institutional International Funds and International Funds; Vice President, Personal Strategy Funds, Retirement Funds, and Spectrum Funds |
Syed H. Ali, 1970 Vice President, Price Singapore and T. Rowe Price Group, Inc. | Vice President, International Funds and New Era Fund |
Kennard W. Allen, 1977 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | President, Science & Technology Fund; Vice President, Capital Opportunity Fund, Diversified Mid-Cap Growth Fund, Global Technology Fund, Mid-Cap Growth Fund, and Tax-Efficient Funds |
Francisco M. Alonso, 1978 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, New Horizons Fund, Small-Cap Stock Fund, and Small-Cap Value Fund |
Paulina Amieva, 1981 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Institutional International Funds and International Funds |
Anil K. Andhavarapu, 1980 Vice President, T. Rowe Price | Vice President, GNMA Fund and Multi-Sector Account Portfolios |
Austin Applegate, 1974 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, State Tax-Free Income Trust, Summit Municipal Funds, Tax-Free High Yield Fund, and Tax-Free Short-Intermediate Fund |
R. Lee Arnold, Jr., 1970 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA, CPA | Executive Vice President, Intermediate Tax-Free High Yield Fund and Tax-Free High Yield Fund; Vice President, State Tax-Free Income Trust, Summit Municipal Funds, and Tax-Free Income Fund |
Malik S. Asif, 1981 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; formerly, student, The University of Chicago Booth School of Business (to 2012) | Vice President, Institutional International Funds and International Funds |
Boyko D. Atanassov, 1969 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Executive Vice President, Quantitative Management Funds |
Preston G. Athey, 1949 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA, CIC | Vice President, New Horizons Fund and Small-Cap Value Fund |
E. Frederick Bair, 1969 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA, CPA | Executive Vice President, Index Trust; Vice President, International Index Fund, Personal Strategy Funds, and Real Assets Fund |
Ziad Bakri, 1980 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; M.D., CFA | Vice President, Blue Chip Growth Fund, Health Sciences Fund, New America Growth Fund, New Horizons Fund, and Tax-Efficient Funds |
Harishankar Balkrishna, 1983 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Vice President, Global Real Estate Fund, Institutional International Funds, and International Funds |
Colin T. Bando, 1987 Vice President, T. Rowe Price; formerly Senior Analyst, PFM Group in New York (to 2014); CFA | Vice President, State Tax-Free Income Trust and Tax-Free High Yield Fund |
Sheena L. Barbosa, 1983 Vice President, Price Hong Kong and T. Rowe Price Group, Inc. | Vice President, Institutional International Funds and International Funds |
52
Name, Year of Birth, and Principal
Occupation(s) | Position(s) Held With Fund(s) |
Stephen L. Bartolini, 1977 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, Global Allocation Fund, Inflation Protected Bond Fund, Institutional Income Funds, Limited Duration Inflation Focused Bond Fund, New Income Fund, Real Assets Fund, U.S. Bond Enhanced Index Fund, and U.S. Treasury Funds |
Peter J. Bates, 1974 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Executive Vice President, International Funds; Vice President, Blue Chip Growth Fund, Capital Opportunity Fund, Diversified Mid-Cap Growth Fund, Dividend Growth Fund, Growth & Income Fund, Institutional International Funds, U.S. Large-Cap Core Fund, and Value Fund |
Jason A. Bauer, 1979 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, High Yield Fund, Institutional Income Funds, and Value Fund |
Luis M. Baylac, 1982 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Vice President, International Funds |
Oliver D.M. Bell, 1969 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Executive Vice President, Institutional International Funds and International Funds |
R. Scott Berg, 1972 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Executive Vice President, Institutional International Funds and International Funds |
Brian W.H. Berghuis, 1958 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA | President, Mid-Cap Growth Fund; Executive Vice President, Institutional Equity Funds; Vice President, Diversified Mid-Cap Growth Fund, New America Growth Fund, New Horizons Fund, and Science & Technology Fund |
Michael F. Blandino, 1971 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Credit Opportunities Fund, Institutional Income Funds, and New Horizons Fund |
Steve Boothe, 1977 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Executive Vice President, Corporate Income Fund and Multi-Sector Account Portfolios; Vice President, Global Multi-Sector Bond Fund, Institutional Income Funds, Institutional International Funds, International Funds, and New Income Fund |
Peter I. Botoucharov, 1965 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; formerly Director EMEA Macroeconomic Research and Strategy (to 2012) | Vice President, Institutional International Funds, International Funds, and Multi-Sector Account Portfolios |
Tala Boulos, 1984 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; formerly Vice President, CEEMEA Corporate Credit Research, Deutsche Bank (to 2013) | Vice President, Institutional International Funds, International Funds, and Multi-Sector Account Portfolios |
Darrell N. Braman, 1963 Vice President, Price Hong Kong, Price Singapore, T. Rowe Price, T. Rowe Price Group, Inc., T. Rowe Price International, T. Rowe Price Investment Services, Inc., and T. Rowe Price Services, Inc. | Vice President and Secretary, all funds |
53
Name, Year of Birth, and Principal
Occupation(s) | Position(s) Held With Fund(s) |
Brian J. Brennan, 1964 Vice President,
T. Rowe Price, T. Rowe Price Group, Inc., T. Rowe Price International, and T. Rowe Price Trust | President, U.S. Treasury Funds; Executive Vice President, Institutional Income Funds; Vice President, GNMA Fund, Inflation Protected Bond Fund, Limited Duration Inflation Focused Bond Fund, Multi-Sector Account Portfolios, New Income Fund, and U.S. Bond Enhanced Index Fund |
Andrew M. Brooks, 1956 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Equity Income Fund, High Yield Fund, and Institutional Income Funds |
Steven G. Brooks, 1954 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, California Tax-Free Income Trust, Corporate Income Fund, Multi-Sector Account Portfolios, TRP Reserve Funds, and Short-Term Bond Fund |
Christopher P. Brown, Jr., 1977 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, Credit Opportunities Fund, GNMA Fund, Institutional Income Funds, Multi-Sector Account Portfolios, New Income Fund, and U.S. Bond Enhanced Index Fund |
Ryan N. Burgess, 1974 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, Blue Chip Growth Fund, Capital Opportunity Fund, International Funds, Mid-Cap Value Fund, and New Era Fund |
Brian E. Burns, 1960 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company | Vice President, Floating Rate Fund, Institutional Income Funds, and Multi-Sector Account Portfolios |
Christopher W. Carlson, 1967 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Capital Opportunity Fund, Global Technology Fund, Mid-Cap Value Fund, and New Horizons Fund |
Ira W. Carnahan, 1963 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, Mid-Cap Growth Fund and Value Fund |
Sheldon Chan, 1981 Vice President, Price Hong Kong and T. Rowe Price Group, Inc. | Vice President, International Funds and Multi-Sector Account Portfolios |
Andrew Chang, 1983 Vice President, T. Rowe Price Group, Inc. | Vice President, International Funds |
Tak Yiu Cheng, 1974 Vice President, Price Hong Kong and T. Rowe Price Group, Inc.; CFA, CPA | Vice President, International Funds |
Paul Y. Cho, 1986 Employee, T. Rowe Price; student, The Wharton School, University of Pennsylvania (to 2015); formerly Investment Analyst, Maverick Capital (to 2013) | Vice President, Media & Telecommunications Fund |
Carolyn Hoi Che Chu, 1974 Vice President, Price Hong Kong and T. Rowe Price Group, Inc. | Vice President, Institutional International Funds, International Funds, and Multi-Sector Account Portfolios |
Archibald Ciganer Albeniz, 1976 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; CFA | Executive Vice President, International Funds; Vice President, Institutional International Funds |
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 | President, Retirement Funds; Vice President, Limited Duration Inflation Focused Bond Fund and Personal Strategy Funds |
Richard N. Clattenburg, 1979 Vice President, Price Singapore, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price International; CFA | Executive Vice President, Institutional International Funds and International Funds; Vice President, Global Real Estate Fund |
54
Name, Year of Birth, and Principal
Occupation(s) | Position(s) Held With Fund(s) |
Jason T. Collins, 1971 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Short-Term Bond Fund |
M. Helena Condez, 1962 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, California Tax-Free Income Trust, Intermediate Tax-Free High Yield Fund, Prime Reserve Fund, TRP Reserve Funds, Short-Term Bond Fund, State Tax-Free Income Trust, Summit Income Funds, Summit Municipal Funds, Tax-Exempt Money Fund, Tax-Free Income Fund, Tax-Free Short-Intermediate Fund, and U.S. Treasury Funds |
Michael J. Conelius, 1964 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., T. Rowe Price International, and T. Rowe Price Trust Company; CFA | Executive Vice President, Institutional International Funds and International Funds; Vice President, Global Multi-Sector Bond Fund, Institutional Income Funds, and Multi-Sector Account Portfolios |
Michael F. Connelly, 1977 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, Floating Rate Fund, High Yield Fund, Institutional Income Funds, International Funds, and Multi-Sector Account Portfolios |
Michael P. Daley, 1981 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Corporate Income Fund, Institutional Income Funds, and Multi-Sector Account Portfolios |
Andrew S. Davis, 1978 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Dividend Growth Fund, Growth Stock Fund, International Funds, Small-Cap Stock Fund, Small-Cap Value Fund, Tax-Efficient Funds, and Value Fund |
Vincent DeAugustino, 1983 Vice President, T. Rowe Price; P&C Insurance Director, Keefe Bruyette & Woods (to 2012) | Vice President, Financial Services Fund |
Ramon R. de Castro, 1966 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; formerly Chief Operating Officer, Amherst Advisory & Management, LLC (to 2012) | Vice President, GNMA and Multi-Sector Account Portfolios |
Kimberly E. DeDominicis, 1976 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price International | Vice President, Balanced Fund, Personal Strategy Funds, Retirement Funds, and Spectrum Funds |
Richard de los Reyes, 1975 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company | Vice President, Institutional International Funds, International Funds, Mid-Cap Value Fund, New Era Fund, and Real Assets Fund |
Laurent Delgrande, 1971 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; formerly Portfolio Manager, Fidelity International Limited (to 2014) | Vice President, Institutional International Funds and International Funds |
Michael Della Vedova, 1969 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Executive Vice President, International Funds; Vice President, High Yield Fund and Institutional International Funds |
Levent Demirekler, 1974 Vice President, T. Rowe Price | Vice President, Short-Term Bond Fund |
G. Richard Dent, 1960 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, California Tax-Free Income Trust, Intermediate Tax-Free High Yield Fund, Prime Reserve Fund, TRP Reserve Funds, State Tax-Free Income Trust, Summit Income Funds, Summit Municipal Funds, Tax-Exempt Money Fund, Tax-Free High Yield Fund, Tax-Free Income Fund, Tax-Free Short-Intermediate Fund, and U.S. Treasury Funds |
55
Name, Year of Birth, and Principal
Occupation(s) | Position(s) Held With Fund(s) |
Eric L. DeVilbiss, 1983 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, Blue Chip Growth Fund, Diversified Mid-Cap Growth Fund, Growth Stock Fund, New America Growth Fund, and New Horizons Fund |
Anouk Dey, 1986 Employee, T. Rowe Price | Vice President, New Horizons Fund |
Carson R. Dickson, 1976 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA, CPA | Vice President, High Yield Fund |
Anna A. Dreyer, 1981 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Balanced Fund |
Christopher Driessen, 1983 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; formerly Executive Director, Goldman Sachs Asset Management (to 2014) | Vice President, New Era Fund |
Shawn T. Driscoll, 1975 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company | President, New Era Fund; Vice President, Blue Chip Growth Fund, Capital Appreciation Fund, Growth & Income Fund, Growth Stock Fund, Institutional International Funds, International Funds, Mid-Cap Growth Fund, New America Growth Fund, Real Assets Fund, and U.S. Large-Cap Core Fund |
Greg Dunham, 1974 Vice President, T. Rowe Price Group; formerly Analyst, Goldman Sachs (to 2015); CFA | Vice President, Growth Stock Fund, Media & Telecommunications Fund, Science & Technology Funds, and Tax-Efficient Funds |
Donald J. Easley, 1971 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Executive Vice President, Diversified Mid-Cap Growth Fund; Vice President, Capital Opportunity Fund, Mid-Cap Growth Fund, New Era Fund, and Tax-Efficient Funds |
Bridget A. Ebner, 1970 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Institutional International Funds and International Funds |
David J. Eiswert, 1972 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price International; CFA | Executive Vice President, Institutional International Funds and International Funds; Vice President, Global Technology Fund, Growth Stock Fund, Media & Telecommunications Fund, and Science & Technology Fund |
Henry M. Ellenbogen, 1973 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company | President, New Horizons Fund; Vice President, Global Technology Fund, International Funds, Media & Telecommunications Fund, Mid-Cap Growth Fund, and Mid-Cap Value Fund |
Charles E. Emrich, 1961 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, California Tax-Free Income Trust, State Tax-Free Income Trust, Summit Municipal Funds, and Tax-Free Short-Intermediate Fund |
Sarah J. Engle, 1979 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; formerly Program Examiner and Policy Analyst, Office of Management & Budget (to 2012) | Vice President, California Tax-Free Income Trust, Intermediate Tax-Free High Yield Fund, State Tax-Free Income Trust, Summit Municipal Funds, Tax-Free High Yield Fund, and Tax-Free Income Fund |
Joseph B. Fath, 1971 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CPA | President, Growth Stock Fund; Vice President, Capital Opportunity Fund, Growth & Income Fund, Media & Telecommunications Fund, Mid-Cap Growth Fund, and U.S. Large-Cap Core Fund |
56
Name, Year of Birth, and Principal
Occupation(s) | Position(s) Held With Fund(s) |
Ryan W. Ferro, 1985 Vice President, T. Rowe Price; formerly, student, Tucker School of Business at Dartmouth (to 2014); Director, Corporate Development, ModusLink Global Solutions, Inc. (to 2012) | Vice President, International Funds |
Stephen M. Finamore, 1976 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CPA | Vice President, Financial Services Fund, Floating Rate Fund, High Yield Fund, Institutional Income Funds, and Multi-Sector Account Portfolios |
Mark S. Finn, 1963 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA, CPA | President, Value Fund; Executive Vice President, Institutional Equity Funds; Vice President, Balanced Fund, Capital Opportunity Fund, Equity Income Fund, Growth & Income Fund, Institutional International Funds, International Funds, Mid-Cap Value Fund, New Era Fund, Personal Strategy Funds, and U.S. Large-Cap Core Fund |
Quentin S. Fitzsimmons, 1968 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; formerly Portfolio Manager, Royal Bank of Scotland Group (to 2015); Executive Director, Threadneedle Investment, Ltd. (to 2012) | Vice President, Global Multi-Sector Bond Fund, Institutional Income Funds, Institutional International Funds, and International Funds |
Christopher T. Fortune, 1973 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Financial Services Fund, Small-Cap Stock Fund, and Small-Cap Value Fund |
Jon M. Friar, 1982 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Capital Appreciation Fund, Dividend Growth Fund, Financial Services Fund, and Growth Stock Fund |
Melissa C. Gallagher, 1974 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Vice President, Health Sciences Fund and International Funds |
Stephanie A. Gentile, 1956 Vice President, T. Rowe Price; formerly Director, Credit Suisse Securities (to 2014); CFA | Vice President, California Tax-Free Income Trust, Prime Reserve Fund, TRP Reserve Funds, State Tax-Free Income Trust, Summit Income Funds, Summit Municipal Funds, Tax-Exempt Money Fund, and U.S. Treasury Funds |
Justin T. Gerbereux, 1975 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA | Vice President, Floating Rate Fund, High Yield Fund, Institutional Income Funds, International Funds, and Multi-Sector Account Portfolios |
Alastair Mckinlay Gilmour, 1981 Vice President, Price Hong Kong and T. Rowe Price Group, Inc. | Vice President, International 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, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA | President, Capital Appreciation Fund; Vice President, Equity Income Fund, Floating Rate Fund, Institutional Income Funds, Personal Strategy Funds, Retirement Funds, and Spectrum Funds |
Vishnu Vardhan Gopal, 1979 Vice President, Price Hong Kong and T. Rowe Price Group, Inc. | Vice President, International Funds |
Joel Grant, 1978 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; formerly Analyst, Fidelity International (to 2014) | Vice President, International Funds and Value Fund |
57
Name, Year of Birth, and Principal
Occupation(s) | Position(s) Held With Fund(s) |
Paul D. Greene II, 1978 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | President, Media & Telecommunications Fund; Vice President, Blue Chip Growth Fund, Capital Appreciation Fund, Global Technology Fund, Growth & Income Fund, Growth Stock Fund, Institutional International Funds, International Funds, Science & Technology Fund, and U.S. Large-Cap Core Fund |
Benjamin Griffiths, 1977 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; CFA | Vice President, Institutional International Funds and International Funds |
Michael J. Grogan, 1971 Vice President, T. Rowe Price and T. Rowe Price Group Inc.; CFA | Vice President, Corporate Income Fund, Institutional Income Funds, Multi-Sector Account Portfolios, New Income Fund, and Short-Term Bond Fund |
Amanda B. Hall, 1985 Vice President, T. Rowe Price International; formerly Investment Analyst, Bill Gates Investments (to 2012); student, Stanford Graduate School of Business (to 2014) CFA | Vice President, Institutional International Funds and International Funds |
John Hall, 1977 Employee, T. Rowe Price; formerly Assistant Professor of Medicine, Johns Hopkins University School of Medicine (to 2013) | Vice President, Health Sciences Fund |
Richard L. Hall, 1979 Vice President, T. Rowe Price and T. Rowe Price Group Inc.; formerly Financial Attaché, U.S. Department of Treasury, International Affairs Division (to 2012) | Vice President, Institutional International Funds, International Funds, and Multi-Sector Account Portfolios |
Nabil Hanano, 1984 Employee, T. Rowe Price; Senior Equity Research Associates, Raymond James (to 2012); CFA | Vice President, Institutional International Funds and International Funds |
Geoffrey M. Hardin, 1971 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Inflation Protected Bond Fund, Limited Duration Inflation Focused Bond Fund, New Income Fund, Short-Term Bond Fund, and U.S. Treasury Funds |
Robert L. Harlow, 1986 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CAIA, CFA | Vice President, Global Allocation Fund |
Ryan S. Hedrick, 1980 Vice President, T. Rowe Price and T. Rowe Price Group Inc.; formerly Analyst, Davidson Kempner Capital Management (to 2013); CFA | Vice President, Blue Chip Growth Fund, Dividend Growth Fund, Equity Income Fund, Mid-Cap Value Fund, New Era Fund, and Small-Cap Value Fund |
Barry Henderson, 1966 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, New Horizons Fund |
Charles B. Hill, 1961 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | President, Tax-Free Short-Intermediate Fund; Executive Vice President, State Tax-Free Income Trust and Summit Municipal Funds; Vice President, Intermediate Tax-Free High Yield Fund, 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 | Co-President, Capital Opportunity Fund; Executive Vice President, Institutional Equity Funds |
58
Name, Year of Birth, and Principal
Occupation(s) | Position(s) Held With Fund(s) |
Steven C. Huber, 1958 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price International; CFA, FSA | President, Global Multi-Sector Bond Fund; Executive Vice President, Institutional Income Funds; Vice President, Floating Rate Fund, Global Allocation Fund, Institutional International Funds, International Funds, Multi-Sector Account Portfolios, and New Income Fund |
Thomas J. Huber, 1966 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA | President, Dividend Growth Fund; Vice President, Blue Chip Growth Fund, and Real Estate Fund |
Stefan Hubrich, 1974 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; Ph.D., CFA | Vice President, Global Allocation Fund, Institutional International Funds, International Funds, and Real Assets Fund |
Arif Husain, 1972 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; formerly Director/Head of UK and Euro Fixed Income, AllianceBernstein (to 2013); CFA | Executive Vice President, Institutional International Funds and International Funds; Vice President, Global Multi-Sector Bond Fund, Institutional Income Funds, and Multi-Sector Account Portfolios |
Tetsuji Inoue, 1971 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; formerly Equity Sales, JP Morgan Chase Securities Ltd. (to 2012) | Vice President, Global Real Estate Fund and International Funds |
Stephon A. Jackson, 1962 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, Diversified Mid-Cap Growth Fund |
Michael Jacobs, 1971 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; formerly Vice President, JP Morgan Asset Management (to 2013) | Vice President, International Funds |
Andrew P. Jamison, 1981 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Credit Opportunities Fund, High Yield Fund, and Institutional Income Funds |
Randal S. Jenneke, 1971 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Vice President, Institutional International Funds and International Funds |
Prashant G. Jeyaganesh, 1983 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Executive Vice President, Quantitative Management Funds; Vice President, International Funds |
Dylan Jones, 1971 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, Intermediate Tax-Free High Yield Fund, State Tax-Free Income Trust, Summit Municipal Funds, Tax-Free High Yield Fund, and Tax-Free Short-Intermediate Fund |
Nina P. Jones, 1980 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CPA | President, Global Real Estate Fund; Vice President, Capital Appreciation Fund, Financial Services Fund, Institutional International Funds, International Funds, Real Assets Fund, Real Estate Fund, and Small-Cap Value Fund |
Keir R. Joyce, 1972 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, GNMA Fund, Multi-Sector Account Portfolios, and Short-Term Bond Fund |
Vidya Kadiyam, 1980 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Capital Appreciation Fund and Quantitative Management Funds |
Yoichiro Kai, 1973 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Vice President, Financial Services Fund, Institutional International Funds, and International Funds |
Jai Kapadia, 1982 Vice President, Price Hong Kong and T. Rowe Price Group, Inc. | Vice President, Global Real Estate Fund, Institutional International Funds, and International Funds |
59
Name, Year of Birth, and Principal
Occupation(s) | Position(s) Held With Fund(s) |
Andrew J. Keirle, 1974 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Executive Vice President, Institutional International Funds, International Funds, and Multi-Sector Account Portfolios; Vice President, Global Multi-Sector Bond Fund and Institutional Income Funds |
Ian D. Kelson, 1956 Director and Vice President, T. Rowe Price International; Vice President, T. Rowe Price Group, Inc. | Vice President, Personal Strategy Funds, Retirement Funds, and Spectrum Funds |
Shinwoo Kim, 1977 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Equity Income Fund and New Era Fund |
Steven M. Kohlenstein, 1987 Assistant Vice President, T. Rowe Price | Assistant Vice President, GNMA Fund, Multi-Sector Account Portfolios, and Short-Term Bond Fund |
Marianna Korpusova, 1984 Vice President, T. Rowe Price, formerly, student, The University of Chicago (to 2014); Associate, PricewaterhouseCoopers (to 2012); CFA | Vice President, Intermediate Tax-Free High Yield Fund, State Tax-Free Income Trust, Summit Municipal Funds, Tax-Free High Yield Fund, and Tax-Free Short-Intermediate Fund |
Steven D. Krichbaum, 1977 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Capital Appreciation Fund and Capital Opportunity Fund |
Paul J. Krug, 1964 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CPA | Vice President, all funds |
Christopher J. Kushlis, 1976 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; CFA | Vice President, Institutional International Funds, International Funds, and Multi-Sector Account Portfolios |
Michael Lambe, 1977 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; CFA | Vice President, Corporate Income Fund, Institutional Income Funds, and Multi-Sector Account Portfolios |
Robert M. Larkins, 1973 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA | President, U.S. Bond Enhanced Index Fund; Vice President, Balanced Fund, Global Allocation Fund, Institutional Income Funds, and New Income Fund |
Marcy M. Lash, 1963 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, California Tax-Free Income Trust, Intermediate Tax-Free High Yield Fund, Prime Reserve Funds, TRP Reserve Funds, State Tax-Free Income Trust, Summit Income Funds, Summit Municipal Funds, Tax-Exempt Money Fund, Tax-Free High Yield Fund, Tax-Free Income Fund, Tax-Free Short-Intermediate Fund, and U.S. Treasury Funds |
Shengrong Lau, 1982 Vice President, Price Singapore and T. Rowe Price Group, Inc.; formerly, student, The Wharton School, University of Pennsylvania (to 2012) | Vice President, International Funds |
Mark J. Lawrence, 1970 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Vice President, Institutional International Funds and International Funds |
Matthew Lawton, 1983 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, Corporate Income Fund |
David M. Lee, 1962 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA | President, Real Estate Fund; Vice President, Dividend Growth Fund, Global Real Estate Fund, and Real Assets Fund |
Martin G. Lee, 1963 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, GNMA Fund, Multi-Sector Account Portfolios, and U.S. Bond Enhanced Index Fund |
60
Name, Year of Birth, and Principal
Occupation(s) | Position(s) Held With Fund(s) |
Wyatt A. Lee, 1971 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA | President, Real Assets Fund; Executive Vice President, Retirement Funds; Vice President, Balanced Fund, Limited Duration Inflation Focused Bond Fund, and Personal Strategy Funds |
Alan D. Levenson, 1958 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; Ph.D. | Vice President, California Tax-Free Income Trust, GNMA Fund, Inflation Protected Bond Fund, Multi-Sector Account Portfolios, New Income Fund, Prime Reserve Fund, TRP Reserve Funds, State Tax-Free Income Trust, Summit Income Funds, Summit Municipal Funds, Tax-Exempt Money Fund, and U.S. Treasury Funds |
John D. Linehan, 1965 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA | President, Equity Income Fund; Executive Vice President, Institutional Equity Funds; Vice President, Capital Appreciation Fund, Growth & Income Fund, U.S. Large-Cap Core Fund, and Value Fund |
Jacqueline L. Liu, 1979 Vice President, Price Hong Kong and T. Rowe Price Group, Inc.; formerly Investment Analyst, Fidelity International Hong Kong Limited (to 2014) | Vice President, Global Technology Fund, International Funds, and Media & Telecommunications Fund |
Gregory Locraft, 1971 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Financial Services Fund |
Christopher C. Loop, 1966 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; CFA | Vice President, Institutional International Funds, International Funds, and Multi-Sector Account Portfolios |
Anh Lu, 1968 Vice President, Price Hong Kong and T. Rowe Price Group, Inc. | Executive Vice President, International Funds; Vice President, Institutional International Funds |
Oxana Lyalina, 1987 Employee, T. Rowe Price; Senior Analyst, Goldman Sachs International (to 2013) | Vice President, International Funds |
Joseph K. Lynagh, 1958 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA | President, Prime Reserve Fund, TRP Reserve Funds, Summit Income Funds, and Tax-Exempt Money Fund; Executive Vice President, California Tax-Free Income Trust, Short-Term Bond Fund, State Tax-Free Income Trust, Summit Municipal Funds, and U.S. Treasury Funds; Vice President, Tax-Free Short-Intermediate Fund |
James T. Lynch, 1983 Vice President, T. Rowe Price; CFA | Vice President, State Tax-Free Income Trust, Summit Municipal Funds, Tax-Free Income Fund, and Tax-Free Short-Intermediate Fund |
Konstantine B. Mallas, 1963 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | President, Tax-Free Income Fund; Executive Vice President, California Tax-Free Income Trust, State Tax-Free Income Trust, and Summit Municipal Funds; Vice President, Intermediate Tax-Free High Yield Fund, Tax-Free High Yield Fund, and Tax-Free Short-Intermediate Fund |
Sebastien Mallet, 1974 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Executive Vice President, Institutional International Funds; Vice President, International Funds |
Robert J. Marcotte, 1962 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Global Real Estate Fund, Mid-Cap Growth Fund, and Small-Cap Stock Fund |
Jennifer Martin, 1972 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Capital Opportunity Fund |
61
Name, Year of Birth, and Principal
Occupation(s) | Position(s) Held With Fund(s) |
Daniel Martino, 1974 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, Equity Income Fund, Growth Stock Fund, Media & Telecommunications Fund, and Value Fund |
Ryan Martyn, 1979 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Vice President, International Funds and New Era Fund |
George A. Marzano, 1980 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Blue Chip Growth Fund, Equity Income Fund, U.S. Bond Enhanced Index Fund, and U.S. Large-Cap Core Fund |
Paul M. Massaro, 1975 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA | Executive Vice President, Floating Rate Fund, Institutional Income Funds, and Multi-Sector Account Portfolios; Vice President, Capital Appreciation Fund, Global Multi-Sector Bond Fund, and High Yield Fund |
Catherine D. Mathews, 1963 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company | Treasurer and Vice President, all funds |
Jonathan H.W. Matthews, 1975 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; CFA | Executive Vice President, International Funds; Vice President, Institutional International Funds |
Andrew C. McCormick, 1960 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company | President, GNMA Fund; Executive Vice President, Multi-Sector Account Portfolios; Vice President, Financial Services Fund, Global Multi-Sector Bond Fund, Inflation Protected Bond Fund, Institutional Income Funds, Limited Duration Inflation Focused Bond Fund, New Income Fund, Short-Term Bond Fund, U.S. Bond Enhanced Index Fund, and U.S. Treasury 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 and Small-Cap Value Fund |
Daniel A. McCulley, 1987 Employee, T. Rowe Price | Vice President, Global Real Estate Fund and Real Estate Fund |
Ian C. McDonald, 1971 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Financial Services Fund and New America Growth Fund |
Michael J. McGonigle, 1966 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Floating Rate Fund, Institutional Income Funds, and Multi-Sector Account Portfolios |
Hugh D. McGuirk, 1960 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | President, California Tax-Free Income Trust, State Tax-Free Income Trust, and Summit Municipal Funds; Vice President, Intermediate Tax-Free High Yield Fund, Tax-Free High Yield Fund, Tax-Free Income Fund, and Tax-Free Short-Intermediate Fund |
Heather K. McPherson, 1967 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CPA | Executive Vice President, Institutional Equity Funds and Mid-Cap Value Fund; Vice President, Equity Income Fund, Global Technology Fund, New Era Fund, and Value Fund |
Cheryl A. Mickel, 1967 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA | Vice President, Limited Duration Inflation Focused Bond Fund, Prime Reserve Fund, TRP Reserve Funds, Short-Term Bond Fund, Summit Income Funds, Summit Municipal Funds, and U.S. Treasury Funds |
62
Name, Year of Birth, and Principal
Occupation(s) | Position(s) Held With Fund(s) |
Raymond A. Mills, 1960 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., T. Rowe Price International, and T. Rowe Price Trust Company; Ph.D., CFA | Executive Vice President, Institutional International Funds and International Funds; Vice President, Balanced Fund, Global Real Estate Fund, and Personal Strategy Funds |
Jihong Min, 1979 Vice President, Price Singapore and T. Rowe Price Group, Inc.; formerly Financial Analyst, Geosphere Capital Management, Singapore (to 2012) | Vice President, International Funds |
Eric C. Moffett, 1974 Vice President, Price Hong Kong and T. Rowe Price Group, Inc. | Executive Vice President, International Funds; Vice President, Institutional International Funds |
Samy B. Muaddi, 1984 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Executive Vice President, International Funds and Multi-Sector Account Portfolios; Vice President, Corporate Income Fund, Global Multi-Sector Bond Fund, and Institutional Income Funds |
Tobias F. Mueller, 1980 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Vice President, Global Technology Fund, Institutional International Funds, International Funds, and Science & Technology Fund |
James M. Murphy, 1967 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | President, Intermediate Tax-Free High Yield Fund and Tax-Free High Yield Fund; Vice President, Credit Opportunities Fund, Institutional Income Funds, State Tax-Free Income Trust, Summit Municipal Funds, and Tax-Free Income Fund |
Jared Murphy, 1986 Employee, T. Rowe Price; formerly, student, Stanford Graduate School of Business (to 2015); Associate, ShawSpring Partners (to 2013) | Vice President, International Funds |
Linda A. Murphy, 1959 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, California Tax-Free Income Trust, Intermediate Tax-Free High Yield Fund, State Tax-Free Income Trust, Summit Municipal Funds, and Tax-Free High Yield Fund |
Sudhir Nanda, 1959 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; Ph.D., CFA | President, Quantitative Management Funds; Vice President, Capital Appreciation Fund, Diversified Mid-Cap Growth Fund, and Institutional International Funds |
Jeffrey R. Nathan, 1985 Employee, T. Rowe Price; Independent Consultant, Hedge Fund; Vice President, Atlas holdings, LLC (to 2012) | Vice President, Media & Telecommunications Fund |
Joshua Nelson, 1977 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Executive Vice President, Institutional International Funds and International Funds |
Philip A. Nestico, 1976 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Global Real Estate Fund, International Funds, Media & Telecommunications Fund, and Real Estate Fund |
Michael Niedzielski, 1979 Vice President T. Rowe Price Group, Inc. and T. Rowe Price International; Manager and Analyst, Fidelity Investments, Boston and London Offices (to 2015) | Vice President, International Funds |
Sridhar Nishtala, 1975 Vice President, Price Singapore and T. Rowe Price Group, Inc. | Vice President, Institutional International Funds and International Funds |
Jason Nogueira, 1974 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Executive Vice President, Institutional International Funds and International Funds |
Alexander S. Obaza, 1981 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company | Vice President, Corporate Income Fund, Institutional Income Funds, Multi-Sector Account Portfolios, and Short-Term Bond Fund |
63
Name, Year of Birth, and Principal
Occupation(s) | Position(s) Held With Fund(s) |
David Oestreicher, 1967 Director, Vice President, and Secretary, T. Rowe Price Investment Services, Inc., T. Rowe Price Retirement Plan Services, Inc., T. Rowe Price Services, Inc., and T. Rowe Price Trust Company; Chief Legal Officer, Vice President, and Secretary, T. Rowe Price Group, Inc.; Vice President and Secretary, T. Rowe Price and T. Rowe Price International; Vice President, Price Hong Kong and Price Singapore | Vice President, all funds |
Michael D. Oh, 1974 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, Institutional International Funds, International Funds, and Multi-Sector Account Portfolios |
Christian M. ONeill, 1969 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; formerly Analyst, Lord Abbett & Company, LLC (to 2013) | Vice President, New Era Fund and Value Fund |
Kenneth A. Orchard, 1975 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Executive Vice President, International Funds; Vice President, Global Multi-Sector Bond Fund, Institutional Income Funds, and Multi-Sector Account Portfolios |
Curt J. Organt, 1968 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, International Funds, New America Growth Fund, Small-Cap Stock Fund, and Small-Cap Value Fund |
Paul T. OSullivan, 1973 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Vice President, International Funds |
Oluwaseun A. Oyegunle, 1984 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; formerly, student, The Wharton School, University of Pennsylvania (to 2013); Summer Investment Analyst, T. Rowe Price International (2012); Analyst, Asset & Resource Management Limited (to 2012); CFA | Vice President, Institutional International Funds and International Funds |
Sebastien Page, 1977 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Balanced Fund, Global Allocation Fund, Personal Strategy Funds, and Spectrum Funds |
Robert A. Panariello, 1983 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Global Allocation Fund |
Gonzalo Pangaro, 1968 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; CFA | Executive Vice President, Institutional International Funds and International Funds |
Miso Park, 1982 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; CFA | Vice President, Corporate Income Fund, Institutional Income Funds, and Multi-Sector Account Portfolios |
Timothy E. Parker, 1974 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, Diversified Mid-Cap Growth Fund, New Era Fund, New Horizons Fund, Small-Cap Stock Fund, Small-Cap Value Fund, and Tax-Efficient Funds |
Viral S. Patel, 1969 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Vice President, Global Real Estate Fund |
Charles G. Pepin, 1966 Director, T. Rowe Price Trust Company; Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Small-Cap Stock Fund |
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 |
64
Name, Year of Birth, and Principal
Occupation(s) | Position(s) Held With Fund(s) |
Jason B. Polun, 1974 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA | Co-President, Capital Opportunity Fund; Executive Vice President, Institutional Equity Funds; Vice President, Financial Services Fund |
Adam Poussard, 1984 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Health Sciences Fund and New Horizons 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; Vice President, Balanced Fund and Personal Strategy Funds |
Robert T. Quinn, Jr., 1972 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Small-Cap Stock Fund and Small-Cap Value Fund |
Preeta Ragavan, 1987 Vice President, T. Rowe Price; formerly Intern (to 2013) | Vice President, Global Real Estate Fund and Real Estate Fund |
Vivek Rajeswaran, 1985 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; formerly, student, Columbia Business School (to 2012) | Vice President, Blue-Chip Growth Fund, International Funds, Mid-Cap Growth Fund, and New Era Fund |
Kyle Rasbach, 1980 Vice President, T. Rowe Price; formerly Vice President, Cowen and Company (to 2013) | Vice President, Equity Income Fund and Health Sciences Fund |
John W. Ratzesberger, 1975 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; formerly North American Head of Listed Derivatives Operation, Morgan Stanley (to 2013) | Vice President, all funds |
Shannon H. Rauser, 1987 Employee, T. Rowe Price | Assistant Secretary, all funds |
Rodney M. Rayburn, 1970 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; formerly Managing Director, Värde Partners (to 2014); CFA | President, Credit Opportunities Fund; Executive Vice President, Institutional Income Funds |
Vernon A. Reid, Jr., 1954 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Corporate Income Fund, Institutional Income Funds, Limited Duration Inflation Focused Bond Fund, Multi-Sector Account Portfolios, New Income Fund, and Short-Term Bond Fund |
Michael F. Reinartz, 1973 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company | Executive Vice President, Short-Term Bond Fund; Vice President, Inflation Protected Bond Fund and Limited Duration Inflation Focused Bond Fund |
Darrell M. Riley, 1958 Vice President, T Rowe Price Group, Inc. | Vice President, Global Allocation Fund |
Melanie A. Rizzo, 1982 Employee, T. Rowe Price | Vice President, International Funds |
Theodore E. Robson, 1965 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA | Vice President, Corporate Income Fund, Institutional Income Funds, Multi-Sector Account Portfolios, and Real Estate Fund |
Christopher J. Rothery, 1963 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Executive Vice President, International Funds |
Jeffrey Rottinghaus, 1970 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CPA | President, Growth & Income Fund and U.S. Large-Cap Core Fund; Vice President, Capital Opportunity Fund and Dividend Growth Fund |
David L. Rowlett, 1975 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, International Funds and New America Growth Fund |
65
Name, Year of Birth, and Principal
Occupation(s) | Position(s) Held With Fund(s) |
Brian A. Rubin, 1974 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CPA | Vice President, Credit Opportunities Fund, Floating Rate Fund, High Yield Fund, Institutional Income Funds, and Multi-Sector Account Portfolios |
Mariel Santiago, 1981 Vice President, T. Rowe Price; Equity Research Analyst, HSBC Securities, Inc.; (pending resume) | Vice President, International Funds and Multi-Sector Account Portfolios |
Federico Santilli, 1974 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; CFA | Executive Vice President, Institutional International Funds and International Funds |
Sebastian Schrott, 1977 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Vice President, Institutional International Funds and International Funds |
Emily C. Scudder, 1985 Employee, T. Rowe Price; formerly, student, The Wharton School, University of Pennsylvania; (to 2015); Equity Research Associate, BMO Capital Markets (to 2013); CFA, CPA | Vice President, Science & Technology Fund |
Deborah D. Seidel, 1962 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., T. Rowe Price Investment Services, Inc., and T. Rowe Price Services, Inc. | Vice President, all funds |
Rebecca L. Setcavage, 1982 Vice President, T. Rowe Price | Vice President, Inflation Protected Bond Fund, Limited Duration Inflation Focused Bond Fund, New Horizons Fund, and U.S. Treasury Funds |
Michael K. Sewell, 1982 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, GNMA Fund and Multi-Sector Account Portfolios |
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, Limited Duration Inflation Focused Bond Fund, and New Income Fund; Vice President, Institutional Income Funds, Multi-Sector Account Portfolios, Personal Strategy Funds, Real Assets Fund, Retirement Funds, Spectrum Funds, U.S. Bond Enhanced Index Fund, and U.S. Treasury Funds |
Jeneiv Shah, 1980 Vice President, T. Rowe Price International; CFA | Vice President, International Funds |
Chen Shao, 1980 Vice President, T. Rowe Price | Vice President, California Tax-Free Income Trust, Intermediate Tax-Free High Yield Fund, Prime Reserve Fund, TRP Reserve Funds, Short-Term Bond Fund, State Tax-Free Income Trust, Summit Income Funds, Summit Municipal Funds, Tax-Exempt Money Fund, Tax-Free High Yield Fund, Tax-Free Income Fund, Tax-Free Short-Intermediate Fund, and U.S. Treasury Funds |
Robert W. Sharps, 1971 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA, CPA | Executive Vice President, Institutional Equity Funds; Vice President, Blue Chip Growth Fund, Growth & Income Fund, Growth Stock Fund, Institutional International Funds, International Funds, New America Growth Fund, Personal Strategy Funds, Retirement Funds, Spectrum Funds, and U.S. Large-Cap Core Fund |
Thomas A. Shelmerdine, 1977 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; formerly Investment Committee Member, Myer Family Company Holdings Limited (to 2012) | Vice President, New Era Fund |
66
Name, Year of Birth, and Principal
Occupation(s) | Position(s) Held With Fund(s) |
John C.A. Sherman, 1969 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Vice President, Institutional International Funds and International Funds |
Jamie Shin, 1984 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, Credit Opportunities Fund, High Yield Fund, and Institutional Income Funds |
Charles M. Shriver, 1967 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA | President, Balanced Fund, Global Allocation Fund, Personal Strategy Funds, and Spectrum Funds; Vice President, Real Assets Fund and Retirement Funds |
Elliot J. Shue, 1984 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, Corporate Income Fund |
Farris G. Shuggi, 1984 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Executive Vice President, Quantitative Management Funds; Vice President, Capital Appreciation Fund and Small-Cap Value Fund |
Corey D. Shull, 1983 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, Global Technology Fund, Media & Telecommunications Fund and New Horizons Fund |
Weijie Si, 1983 Vice President, T. Rowe Price and T. Rowe Price Group; formerly, student, Harvard Business School (to 2012) | Vice President, Dividend Growth Fund, Real Estate Fund, and Value Fund |
Neil Smith, 1972 Vice President, Price Hong Kong, Price Singapore, T. Rowe Price Group, Inc., and T. Rowe Price International | President, International Index Fund; Vice President, Index Trust |
Robert W. Smith, 1961 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company | Vice President, Institutional International Funds, International Funds, and Retirement Funds |
Matthew J. Snowling, 1971 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, Equity Income Fund and Financial Services Fund |
Michael F. Sola, 1969 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, Global Technology Fund, New Horizons Fund, Science & Technology Fund, and Small-Cap Stock Fund |
Gabriel Solomon, 1977 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | President, Financial Services Fund; Vice President, Capital Appreciation Fund, Dividend Growth Fund, Growth & Income Fund, Institutional International Funds, International Funds, Mid-Cap Value Fund, and U.S. Large-Cap Core Fund |
Scott D. Solomon, 1981 Vice President, T. Rowe Price; CFA | Vice President, Corporate Income Fund, Institutional Income Funds, Inflation Protected Bond Fund, Limited Duration Inflation Focused Bond Fund, Multi-Sector Account Portfolios, and U.S. Bond Enhanced Index Fund |
Eunbin Song, 1980 Vice President, Price Singapore and T. Rowe Price Group, Inc.; CFA | Vice President, International Funds |
Joshua K. Spencer, 1973 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | President, Global Technology Fund; Vice President, Institutional International Funds, International Funds, New Horizons Fund, Science & Technology Fund, Small-Cap Stock Fund, and Value Fund |
67
Name, Year of Birth, and Principal
Occupation(s) | Position(s) Held With Fund(s) |
Douglas D. Spratley, 1969 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, California Tax-Free Income Trust, Prime Reserve Fund, TRP Reserve Funds, Short-Term Bond Fund, State Tax-Free Income Trust, Summit Income Funds, Summit Municipal Funds, Tax-Exempt Money Fund, and U.S. Treasury Funds |
David A. Stanley, 1963 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Vice President, Global Multi-Sector Bond Fund, Institutional Income Funds, Institutional International Funds, International Funds, and Multi-Sector Account Portfolios |
Kimberly A. Stokes, 1969 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Corporate Income Fund, Institutional Income Funds, and Multi-Sector Account Portfolios |
William J. Stromberg, 1960 Director and President, T. Rowe Price; Director, Chief Executive Officer, and President, T. Rowe Price Group, Inc.; Vice President, T. Rowe Price International; CFA | Vice President, Capital Appreciation Fund and Tax-Efficient Funds |
Guido F. Stubenrauch, 1970 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Balanced Fund, Personal Strategy Funds, Retirement Funds, and Spectrum Funds |
Taymour R. Tamaddon, 1976 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | President, Health Sciences Fund; Vice President, Blue Chip Growth Fund, Capital Appreciation Fund, Growth Stock Fund, Institutional International Funds, International Funds, Mid-Cap Growth Fund, New America Growth Fund, and Tax-Efficient Funds |
Ju Yen Tan, 1972 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Vice President, Global Multi-Sector Bond Fund, Institutional Income Funds, Institutional International Funds, International Funds, and Multi-Sector Account Portfolios |
Sin Dee Tan, 1979 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; CFA | Vice President, International Funds |
Timothy G. Taylor, 1975 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CFA | Vice President, California Tax-Free Income Trust, Intermediate Tax-Free High Yield Fund, State Tax-Free Income Trust, Summit Municipal Funds, Tax-Free High Yield Fund, Tax-Free Income Fund, and Tax-Free Short-Intermediate Fund |
Dean Tenerelli, 1964 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Executive Vice President, International Funds; Vice President, Institutional International Funds |
Thomas E. Tewksbury, 1961 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company | Vice President, Floating Rate Fund, High Yield Fund, Institutional Income Funds, and Multi-Sector Account Portfolios |
Craig A. Thiese, 1975 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Index Trust, International Index Fund, New America Growth Fund, and New Era Fund |
Robert D. Thomas, 1971 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Vice President, California Tax-Free Income Trust, Corporate Income Fund, Credit Opportunities Fund, Institutional Income Funds, Multi-Sector Account Portfolios, Prime Reserve Fund, State Tax-Free Income Trust, Summit Income Funds, Summit Municipal Funds, TRP Reserve Funds, Tax-Exempt Money Fund, and U.S. Treasury Funds |
68
Name, Year of Birth, and Principal
Occupation(s) | Position(s) Held With Fund(s) |
Siby Thomas, 1979 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Credit Opportunities Fund, Institutional Income Funds, International Funds, and Multi-Sector Account Portfolios |
Toby M. Thompson, 1971 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; formerly Director of Investments, I.A.M. National Pension Fund (to 2012); CFA, CAIA | Vice President, Balanced Fund, Global Allocation Fund, Personal Strategy Funds, and Spectrum Funds |
Justin Thomson, 1968 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Executive Vice President, International Funds; Vice President, New Horizons Fund, Personal Strategy Funds, Retirement Funds, and Spectrum Funds |
David A. Tiberii, 1965 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., T. Rowe Price International, and T. Rowe Price Trust Company; CFA | President, Corporate Income Fund; Executive Vice President, Institutional Income Funds; Vice President, Multi-Sector Account Portfolios, New Income Fund and U.S. Bond Enhanced Index Fund |
Mitchell J.K. Todd, 1974 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Vice President, Financial Services Fund and International Funds |
Michael J. Trivino, 1981 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Credit Opportunities Fund, High Yield Fund, and Institutional Income Funds |
Susan G. Troll, 1966 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; CPA | Vice President, Capital Appreciation Fund and Financial Services Fund |
Alan Tu, 1985 Vice President, T. Rowe Price; formerly Intern, T. Rowe Price (to 2013); student, University of Chicago Booth School of Business (to 2014); Ananda Capital Management, Analyst (to 2012) | Vice President, Global Technology Fund, New Horizons Fund, Science & Technology Fund, and Tax-Efficient Funds |
James Tzitzouris, 1974 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; Ph.D. | Vice President, Retirement Funds |
Ken D. Uematsu, 1969 Vice President, T. Rowe Price and T. Rowe Price Trust Company; CFA | President, Index Trust; Vice President, International Index Fund |
Mark J. Vaselkiv, 1958 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company | President, Floating Rate Fund, High Yield Fund, and Institutional Income Funds; Executive Vice President, International Funds and Multi-Sector Account Portfolios; Vice President, Balanced Fund, Personal Strategy Funds, Retirement Funds, and Spectrum Funds |
Eric L. Veiel, 1972 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA | Co-President, Capital Opportunity Fund; Executive Vice President, Institutional Equity Funds; Vice President, Institutional International Funds |
Kes Visuvalingam, 1968 Director, Responsible Officer, and Vice President, Price Hong Kong; Director, Chief Executive Officer, and Vice President, Price Singapore; and Vice President, T. Rowe Price Group, Inc.; CFA | Vice President, International Funds |
Zenon Voyiatzis, 1971 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; formerly Managing Director, UBS Global Asset Management (to 2015) | Vice President, Financial Services Fund |
Verena E. Wachnitz, 1978 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; CFA | Executive Vice President, International Funds; Vice President, Institutional International Funds and Media & Telecommunications Fund |
69
Name, Year of Birth, and Principal
Occupation(s) | Position(s) Held With Fund(s) |
Lauren T. Wagandt, 1984 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Corporate Income Fund, Credit Opportunities Fund, Institutional Income Funds, and Multi-Sector Account Portfolios |
J. David Wagner, 1974 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA | President, Small-Cap Value Fund; Vice President, Institutional Equity Funds, Mid-Cap Value Fund, New Horizons Fund, and Small-Cap Stock 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 and Institutional Equity Funds |
David J. Wallack, 1960 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company | President, Mid-Cap Value Fund; Vice President, International Funds and New Era Fund |
Dai Wang, 1989 Employee, T. Rowe Price; formerly, student Harvard Business School (to 2014); Analyst, Goldman Sachs (to 2012) | Vice President, Institutional International Funds and International Funds |
Hiroshi Watanabe, 1975 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; CFA | Vice President, International Funds |
Thomas H. Watson, 1977 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Capital Opportunity Fund, Global Technology Fund, New America Growth Fund, and Science & Technology Fund |
Michael T. Wehn, 1984 Assistant Vice President, T. Rowe Price | Vice President, Index Trust and International Index Fund |
Mark R. Weigman, 1962 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company; CFA, CIC | Assistant Vice President, Tax-Efficient Funds |
Victor M. Weinblatt, 1988 Assistant Vice President, T. Rowe Price;(pending resume) | Vice President, GNMA Fund |
John D. Wells, 1960 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, GNMA Fund, Multi-Sector Account Portfolios, and Short-Term Bond Fund |
Justin P. White, 1981 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | President, New America Growth Fund; Vice President, Capital Opportunity Fund, Growth Stock Fund, Media & Telecommunications Fund, Mid-Cap Growth Fund, and Mid-Cap Value Fund |
Christopher S. Whitehouse, 1972 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Vice President, Institutional International Funds, International Funds, and Media & Telecommunications Fund |
Richard T. Whitney, 1958 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., T. Rowe Price International, and T. Rowe Price Trust Company; CFA | Vice President, Balanced Fund, Global Allocation Fund, Personal Strategy Funds, Real Assets Fund, Retirement Funds, and Spectrum Funds |
Tamara P. Wiggs, 1979 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Capital Appreciation Fund, Financial Services Fund, and Value Fund |
Clive M. Williams, 1966 Vice President, Price Hong Kong, Price Singapore, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price International | Vice President, International Funds |
John M. Williams, 1982 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, Dividend Growth Fund, Mid-Cap Value Fund, and New Era Fund |
Thea N. Williams, 1961 Vice President, T. Rowe Price, T. Rowe Price Group, Inc., and T. Rowe Price Trust Company | Vice President, Floating Rate Fund, High Yield Fund, Institutional Income Funds, and Multi-Sector Account Portfolios |
70
Name, Year of Birth, and Principal
Occupation(s) | Position(s) Held With Fund(s) |
Jon D. Wood, 1979 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; formerly Senior Vice President and Senior Research Analyst, Jeffries & Company, Inc. (to 2013); CFA | Vice President, Dividend Growth Fund and Value Fund |
J. Howard Woodward, 1974 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International; CFA | Vice President, Corporate Income Fund, Institutional Income Funds, Institutional International Funds, International Funds, and Multi-Sector Account Portfolios |
Rouven J. Wool-Lewis, 1973 Vice President, T. Rowe Price and T. Rowe Price Group, Inc.; Ph.D. | Vice President, Diversified Mid-Cap Growth Fund, Health Sciences Fund, and Small-Cap Stock Fund |
Marta Yago, 1977 Vice President, T. Rowe Price Group, Inc. and T. Rowe Price International | Vice President, International Funds |
Benjamin T. Yeagle, 1978 Vice President, T. Rowe Price and T. Rowe Price Group, Inc. | Vice President, International Funds |
Ernest C. Yeung, 1979 Director, Responsible Officer, and Vice President, Price Hong Kong; Vice President, T. Rowe Price Group, Inc.; CFA | Executive Vice President, International Funds; Vice President, Institutional International Funds and Media & Telecommunications Fund |
Alison Mei Ling Yip, 1966 Vice President, Price Hong Kong and T. Rowe Price Group, Inc. | Vice President, Global Technology Fund, International Funds, and Science & Technology Fund |
Rick Zhang, 1984 Vice President, T. Rowe Price; Vice President, PIMCO (to 2012) (pending resume) | Vice President, GNMA Fund |
Wenli Zheng, 1979 Vice President, Price Hong Kong and T. Rowe Price Group, Inc. | Vice President, International Funds and Media & Telecommunications Fund |
Jeffrey T. Zoller, 1970 Vice President, T. Rowe Price, T. Rowe Price International, and T. Rowe Price Trust Company | Vice President, all funds |
Directors Compensation
Effective January 1, 2016, each independent director is paid $300,000 annually for his/her service on the funds Boards and the chairman of the Committee of Independent Directors is paid an additional $150,000 annually for his/her service as Lead Independent Director. (During 2015, each independent director was paid $270,000 annually for his/her service on the funds Boards and the Lead Independent Director was paid an additional $100,000). Effective January 1, 2016, an independent director who serves on the Joint Audit Committee receives $30,000 annually for his/her service as a member of the committee and the Joint Audit Committee chairman receives $40,000 annually for his/her service as chairman of the committee. (During 2015, Joint Audit Committee members were paid $10,000 annually and the Joint Audit Committee chairman was paid $20,000.) All of these fees are allocated to each fund on a pro rata basis based on each funds net assets relative to the other funds.
The following table shows the total compensation that was received by the independent directors for the 2015 calendar year. The independent directors of the funds do not receive any pension or retirement benefits from the funds or T. Rowe Price. In addition, the officers and inside directors of the funds do not receive any compensation or benefits from the funds for their service.
Directors | Total Compensation |
Brody | $270,000 |
Deering (Lead) | 376,000 |
71
Directors | Total Compensation |
Dick* | 270,000 |
Duncan | 280,000 |
Gerrard | 296,000 |
Horn* | 275,000 |
McBride | 286,000 |
Rouse | 286,000 |
Schreiber | 277,000 |
Tercek | 270,000 |
* Mr. Dick and Ms. Horn retired as independent directors
of
the Price Funds effective December 31, 2015.
The following table shows the amounts paid by each fund to the independent directors based on accrued compensation for the calendar year 2015:
Fund | Aggregate Compensation From Fund | |||||||||
Brody | Deering | Dick* | Duncan | Gerrard | Horn* | McBride | Rouse | Schreiber | Tercek | |
Africa & Middle East | $77 | $107 | $77 | $80 | $85 | $78 | $82 | $82 | $79 | $77 |
Asia Opportunities | 11 | 16 | 11 | 12 | 12 | 11 | 12 | 12 | 12 | 11 |
Balanced | 1,669 | 2,325 | 1,669 | 1,731 | 1,831 | 1,698 | 1,769 | 1,769 | 1,711 | 1,669 |
Blue Chip Growth | 11,623 | 16,174 | 11,623 | 12,053 | 12,729 | 11,807 | 12,299 | 12,299 | 11,903 | 11,623 |
California Tax-Free Bond | 205 | 286 | 205 | 213 | 225 | 209 | 217 | 217 | 210 | 205 |
California Tax-Free Money | 30 | 41 | 30 | 31 | 33 | 30 | 32 | 32 | 30 | 30 |
Capital Appreciation | 9,643 | 13,429 | 9,643 | 10,000 | 10,572 | 9,804 | 10,215 | 10,215 | 9,878 | 9,643 |
Capital Opportunity | 270 | 376 | 270 | 280 | 296 | 275 | 286 | 286 | 277 | 270 |
Corporate Income | 267 | 372 | 267 | 277 | 292 | 271 | 283 | 283 | 273 | 267 |
Credit Opportunities | 15 | 21 | 15 | 16 | 16 | 15 | 16 | 16 | 15 | 15 |
Diversified Mid-Cap Growth | 182 | 253 | 182 | 189 | 199 | 185 | 193 | 193 | 186 | 182 |
Dividend Growth | 1,898 | 2,644 | 1,898 | 1,968 | 2,081 | 1,930 | 2,011 | 2,011 | 1,945 | 1,898 |
Emerging Europe | 71 | 99 | 71 | 74 | 78 | 72 | 76 | 76 | 73 | 71 |
Emerging Markets Bond | 1,826 | 2,544 | 1,826 | 1,894 | 2,002 | 1,857 | 1,935 | 1,935 | 1,871 | 1,826 |
Emerging Markets Corporate Bond | 54 | 75 | 54 | 56 | 59 | 55 | 57 | 57 | 55 | 54 |
Emerging Markets Corporate Multi-Sector Account Portfolio(d) | 12 | 17 | 12 | 13 | 14 | 13 | 13 | 13 | 13 | 12 |
Emerging Markets Local Currency Bond | 72 | 100 | 72 | 74 | 79 | 73 | 76 | 76 | 74 | 72 |
Emerging Markets Local Multi-Sector Account Portfolio(d) | 15 | 21 | 15 | 16 | 17 | 15 | 16 | 16 | 16 | 15 |
Emerging Markets Stock | 3,394 | 4,724 | 3,394 | 3,520 | 3,718 | 3,449 | 3,593 | 3,593 | 3,477 | 3,394 |
Emerging Markets Value Stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
72
Fund | Aggregate Compensation From Fund | |||||||||
Brody | Deering | Dick* | Duncan | Gerrard | Horn* | McBride | Rouse | Schreiber | Tercek | |
Equity Income | 11,063 | 15,431 | 11,063 | 11,473 | 12,155 | 11,266 | 11,743 | 11,743 | 11,349 | 11,063 |
Equity Index 500 | 10,124 | 14,098 | 10,124 | 10,499 | 11,099 | 10,293 | 10,724 | 10,724 | 10,374 | 10,124 |
European Stock | 653 | 908 | 653 | 677 | 714 | 663 | 690 | 690 | 668 | 653 |
Extended Equity Market Index | 309 | 430 | 309 | 320 | 338 | 314 | 327 | 327 | 316 | 309 |
Financial Services | 232 | 322 | 232 | 240 | 254 | 235 | 245 | 245 | 237 | 232 |
Floating Rate | 216 | 300 | 216 | 224 | 237 | 219 | 229 | 229 | 221 | 216 |
Floating Rate Multi-Sector Account Portfolio(d) | 22 | 31 | 22 | 23 | 24 | 23 | 24 | 24 | 23 | 22 |
Georgia Tax-Free Bond | 98 | 137 | 98 | 102 | 108 | 100 | 104 | 104 | 101 | 98 |
Global Allocation | 47 | 65 | 47 | 49 | 51 | 48 | 50 | 50 | 48 | 47 |
Global Consumer(a) | 2 | 2 | 0 | 2 | 2 | 0 | 2 | 2 | 2 | 2 |
Global Growth Stock | 39 | 54 | 39 | 41 | 43 | 40 | 41 | 41 | 40 | 39 |
Global High Income Bond | 9 | 12 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
Global Industrials | 7 | 10 | 7 | 7 | 8 | 7 | 7 | 7 | 7 | 7 |
Global Multi-Sector Bond | 121 | 169 | 121 | 126 | 133 | 123 | 129 | 129 | 124 | 121 |
Global Real Estate | 95 | 133 | 95 | 99 | 104 | 97 | 101 | 101 | 98 | 95 |
Global Stock | 207 | 288 | 207 | 214 | 227 | 210 | 219 | 219 | 212 | 207 |
Global Technology | 804 | 1,117 | 804 | 834 | 879 | 815 | 849 | 849 | 822 | 804 |
Global Unconstrained Bond | 12 | 17 | 12 | 12 | 13 | 12 | 13 | 13 | 12 | 12 |
GNMA | 641 | 893 | 641 | 664 | 703 | 652 | 679 | 679 | 657 | 641 |
TRP Government Reserve Investment | 863 | 1,201 | 863 | 895 | 945 | 877 | 913 | 913 | 883 | 863 |
Growth & Income | 637 | 888 | 637 | 661 | 699 | 648 | 676 | 676 | 653 | 637 |
Growth Stock | 18,212 | 25,357 | 18,212 | 18,887 | 19,960 | 18,512 | 19,286 | 19,286 | 18,660 | 18,212 |
Health Sciences | 5,735 | 7,974 | 5,735 | 5,947 | 6,274 | 5,821 | 6,063 | 6,063 | 5,873 | 5,735 |
High Yield | 3,971 | 5,531 | 3,971 | 4,118 | 4,354 | 4,038 | 4,207 | 4,207 | 4,070 | 3,971 |
High Yield Multi-Sector Account Portfolio(d) | 8 | 12 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 8 |
Inflation Protected Bond | 154 | 214 | 154 | 159 | 169 | 156 | 163 | 163 | 158 | 154 |
Institutional Africa & Middle East | 82 | 114 | 82 | 85 | 90 | 83 | 87 | 87 | 84 | 82 |
Institutional Core Plus | 236 | 329 | 236 | 245 | 259 | 240 | 251 | 251 | 242 | 236 |
Institutional Credit Opportunities | 20 | 28 | 20 | 21 | 22 | 21 | 22 | 22 | 21 | 20 |
Institutional Emerging Markets Bond | 134 | 186 | 134 | 139 | 147 | 136 | 142 | 142 | 137 | 134 |
Institutional Emerging Markets Equity | 396 | 552 | 396 | 411 | 435 | 403 | 420 | 420 | 406 | 396 |
Institutional Floating Rate | 1,380 | 1,921 | 1,380 | 1,431 | 1,512 | 1,403 | 1,461 | 1,461 | 1,413 | 1,380 |
73
Fund | Aggregate Compensation From Fund | |||||||||
Brody | Deering | Dick* | Duncan | Gerrard | Horn* | McBride | Rouse | Schreiber | Tercek | |
Institutional Frontier Markets Equity | 18 | 25 | 18 | 19 | 20 | 19 | 19 | 19 | 19 | 18 |
Institutional Global Focused Growth Equity | 37 | 52 | 37 | 39 | 41 | 38 | 39 | 39 | 38 | 37 |
Institutional Global Growth Equity | 115 | 160 | 115 | 119 | 126 | 117 | 121 | 121 | 118 | 115 |
Institutional Global Multi-Sector Bond | 85 | 119 | 85 | 88 | 93 | 87 | 90 | 90 | 87 | 85 |
Institutional Global Value Equity | 4 | 5 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Institutional High Yield | 875 | 1,220 | 875 | 908 | 961 | 891 | 928 | 928 | 897 | 875 |
Institutional International Bond | 132 | 184 | 132 | 137 | 145 | 134 | 140 | 140 | 135 | 132 |
Institutional International Concentrated Equity | 91 | 126 | 91 | 94 | 99 | 92 | 96 | 96 | 93 | 91 |
Institutional International Core Equity | 58 | 80 | 58 | 60 | 63 | 58 | 61 | 61 | 59 | 58 |
Institutional International Growth Equity | 28 | 39 | 28 | 29 | 31 | 29 | 30 | 30 | 29 | 28 |
Institutional Large-Cap Core Growth | 728 | 1,012 | 728 | 755 | 796 | 739 | 769 | 769 | 745 | 728 |
Institutional Large-Cap Growth | 5,089 | 7,082 | 5,089 | 5,277 | 5,574 | 5,170 | 5,386 | 5,386 | 5,211 | 5,089 |
Institutional Large-Cap Value | 935 | 1,302 | 935 | 970 | 1,025 | 950 | 990 | 990 | 958 | 935 |
Institutional Long Duration Credit | 12 | 16 | 12 | 12 | 13 | 12 | 12 | 12 | 12 | 12 |
Institutional Mid-Cap Equity Growth | 2,052 | 2,855 | 2,052 | 2,128 | 2,247 | 2,085 | 2,171 | 2,171 | 2,102 | 2,052 |
Institutional Small-Cap Stock | 852 | 1,186 | 852 | 883 | 933 | 866 | 902 | 902 | 872 | 852 |
Institutional U.S. Structured Research | 318 | 443 | 318 | 330 | 349 | 323 | 337 | 337 | 326 | 318 |
Intermediate Tax-Free High Yield | 12 | 16 | 12 | 12 | 13 | 12 | 12 | 12 | 12 | 12 |
International Bond | 1,978 | 2,752 | 1,978 | 2,051 | 2,166 | 2,009 | 2,093 | 2,093 | 2,025 | 1,978 |
International Concentrated Equity | 4 | 5 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
International Discovery | 1,608 | 2,237 | 1,608 | 1,668 | 1,760 | 1,633 | 1,701 | 1,701 | 1,647 | 1,608 |
International Equity Index | 214 | 298 | 214 | 222 | 235 | 218 | 227 | 227 | 220 | 214 |
International Growth & Income | 4,625 | 6,435 | 4,625 | 4,796 | 5,065 | 4,698 | 4,894 | 4,894 | 4,737 | 4,625 |
International Stock | 5,710 | 7,947 | 5,710 | 5,921 | 6,255 | 5,802 | 6,044 | 6,044 | 5,851 | 5,710 |
Investment-Grade Corporate Multi-Sector Account Portfolio(d) | 18 | 25 | 18 | 19 | 20 | 19 | 19 | 19 | 19 | 18 |
Japan | 122 | 170 | 122 | 127 | 134 | 124 | 129 | 129 | 125 | 122 |
Latin America | 252 | 352 | 252 | 261 | 277 | 257 | 268 | 268 | 259 | 252 |
74
Fund | Aggregate Compensation From Fund | |||||||||
Brody | Deering | Dick* | Duncan | Gerrard | Horn* | McBride | Rouse | Schreiber | Tercek | |
Limited Duration Inflation Focused Bond | 2,921 | 4,067 | 2,921 | 3,029 | 3,201 | 2,969 | 3,093 | 3,093 | 2,992 | 2,921 |
Maryland Short-Term Tax-Free Bond | 86 | 121 | 86 | 90 | 95 | 88 | 92 | 92 | 89 | 86 |
Maryland Tax-Free Bond | 825 | 1,149 | 825 | 855 | 905 | 839 | 874 | 874 | 845 | 825 |
Maryland Tax-Free Money | 54 | 76 | 54 | 56 | 60 | 55 | 58 | 58 | 56 | 54 |
Media & Telecommunications | 1,330 | 1,852 | 1,330 | 1,380 | 1,458 | 1,352 | 1,409 | 1,409 | 1,363 | 1,330 |
Mid-Cap Growth | 10,211 | 14,217 | 10,211 | 10,589 | 11,192 | 10,379 | 10,814 | 10,814 | 10,462 | 10,211 |
Mid-Cap Index | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Mid-Cap Value | 4,822 | 6,720 | 4,822 | 5,000 | 5,292 | 4,906 | 5,113 | 5,113 | 4,943 | 4,822 |
Mortgage-Backed Securities Multi-Sector Account Portfolio(d) | 28 | 39 | 28 | 29 | 30 | 28 | 29 | 29 | 29 | 28 |
New America Growth | 1,768 | 2,462 | 1,768 | 1,833 | 1,938 | 1,798 | 1,873 | 1,873 | 1,812 | 1,768 |
New Asia | 1,587 | 2,214 | 1,587 | 1,646 | 1,743 | 1,616 | 1,685 | 1,685 | 1,631 | 1,587 |
New Era | 1,342 | 1,871 | 1,342 | 1,391 | 1,474 | 1,366 | 1,424 | 1,424 | 1,376 | 1,342 |
New Horizons | 6,410 | 8,926 | 6,410 | 6,647 | 7,026 | 6,516 | 6,789 | 6,789 | 6,568 | 6,410 |
New Income | 11,403 | 15,888 | 11,403 | 11,825 | 12,511 | 11,600 | 12,087 | 12,087 | 11,689 | 11,403 |
New Jersey Tax-Free Bond | 137 | 192 | 137 | 143 | 151 | 140 | 146 | 146 | 141 | 137 |
New York Tax-Free Bond | 177 | 247 | 177 | 184 | 195 | 180 | 188 | 188 | 182 | 177 |
New York Tax-Free Money | 29 | 41 | 29 | 31 | 32 | 30 | 31 | 31 | 30 | 29 |
Overseas Stock | 4,259 | 5,925 | 4,259 | 4,417 | 4,663 | 4,326 | 4,506 | 4,506 | 4,362 | 4,259 |
Personal Strategy Balanced | 826 | 1,150 | 826 | 856 | 906 | 840 | 875 | 875 | 846 | 826 |
Personal Strategy Growth | 663 | 924 | 663 | 688 | 727 | 674 | 703 | 703 | 680 | 663 |
Personal Strategy Income | 600 | 836 | 600 | 623 | 658 | 610 | 636 | 636 | 615 | 600 |
Prime Reserve | 2,627 | 3,661 | 2,627 | 2,725 | 2,882 | 2,672 | 2,785 | 2,785 | 2,693 | 2,627 |
QM Global Equity (b) | 3 | 5 | 0 | 3 | 4 | 0 | 3 | 3 | 3 | 3 |
QM U.S. Small & Mid-Cap Core Equity (c) | 4 | 6 | 0 | 4 | 4 | 0 | 4 | 4 | 4 | 4 |
QM U.S. Small-Cap Growth Equity | 587 | 814 | 587 | 609 | 640 | 594 | 619 | 619 | 600 | 587 |
QM U.S. Value Equity (c) | 3 | 4 | 0 | 3 | 3 | 0 | 3 | 3 | 3 | 3 |
Real Assets | 1,824 | 2,541 | 1,824 | 1,892 | 2,000 | 1,855 | 1,933 | 1,933 | 1,869 | 1,824 |
Real Estate | 2,117 | 2,951 | 2,117 | 2,195 | 2,325 | 2,155 | 2,246 | 2,246 | 2,169 | 2,117 |
TRP Reserve Investment | 7,889 | 11,002 | 7,889 | 8,181 | 8,665 | 8,033 | 8,373 | 8,373 | 8,090 | 7,889 |
Retirement 2005 | 669 | 932 | 669 | 694 | 734 | 680 | 709 | 709 | 685 | 669 |
Retirement 2010 | 2,526 | 3,520 | 2,526 | 2,620 | 2,772 | 2,570 | 2,678 | 2,678 | 2,589 | 2,526 |
Retirement 2015 | 4,080 | 5,684 | 4,080 | 4,231 | 4,476 | 4,150 | 4,325 | 4,325 | 4,182 | 4,080 |
75
Fund | Aggregate Compensation From Fund | |||||||||
Brody | Deering | Dick* | Duncan | Gerrard | Horn* | McBride | Rouse | Schreiber | Tercek | |
Retirement 2020 | 10,147 | 14,130 | 10,147 | 10,523 | 11,124 | 10,316 | 10,748 | 10,748 | 10,397 | 10,147 |
Retirement 2025 | 7,188 | 10,006 | 7,188 | 7,455 | 7,876 | 7,305 | 7,610 | 7,610 | 7,364 | 7,188 |
Retirement 2030 | 9,745 | 13,566 | 9,745 | 10,105 | 10,678 | 9,904 | 10,318 | 10,318 | 9,984 | 9,745 |
Retirement 2035 | 5,267 | 7,330 | 5,267 | 5,462 | 5,769 | 5,351 | 5,575 | 5,575 | 5,395 | 5,267 |
Retirement 2040 | 6,728 | 9,365 | 6,728 | 6,977 | 7,371 | 6,837 | 7,122 | 7,122 | 6,893 | 6,728 |
Retirement 2045 | 3,026 | 4,210 | 3,026 | 3,138 | 3,314 | 3,074 | 3,202 | 3,202 | 3,099 | 3,026 |
Retirement 2050 | 2,273 | 3,162 | 2,273 | 2,358 | 2,488 | 2,308 | 2,404 | 2,404 | 2,328 | 2,273 |
Retirement 2055 | 727 | 1,010 | 727 | 754 | 795 | 738 | 768 | 768 | 744 | 727 |
Retirement 2060 | 12 | 16 | 12 | 12 | 13 | 12 | 12 | 12 | 12 | 12 |
Retirement Balanced | 1,415 | 1,973 | 1,415 | 1,467 | 1,554 | 1,440 | 1,501 | 1,501 | 1,451 | 1,415 |
Retirement I 2005 FundI Class | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retirement I 2010 FundI Class | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retirement I 2015 FundI Class | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retirement I 2020 FundI Class | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retirement I 2025 FundI Class | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retirement I 2030 FundI Class | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retirement I 2035 FundI Class | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retirement I 2040 FundI Class | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retirement I 2045 FundI Class | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retirement I 2050 FundI Class | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retirement I 2055 FundI Class | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retirement I 2060 FundI Class | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retirement Balanced I FundI Class | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Science & Technology | 1,510 | 2,103 | 1,510 | 1,566 | 1,656 | 1,536 | 1,600 | 1,600 | 1,548 | 1,510 |
Short-Term Bond | 2,464 | 3,436 | 2,464 | 2,555 | 2,706 | 2,508 | 2,614 | 2,614 | 2,526 | 2,464 |
Short-Term Government Reserve | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Short-Term Reserve | 733 | 1,015 | 733 | 760 | 797 | 741 | 771 | 771 | 748 | 733 |
Small-Cap Index | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Small-Cap Stock | 3,698 | 5,154 | 3,698 | 3,835 | 4,058 | 3,763 | 3,921 | 3,921 | 3,792 | 3,698 |
Small-Cap Value | 3,437 | 4,791 | 3,437 | 3,564 | 3,774 | 3,498 | 3,646 | 3,646 | 3,524 | 3,437 |
Spectrum Growth | 1,565 | 2,181 | 1,565 | 1,623 | 1,717 | 1,592 | 1,659 | 1,659 | 1,605 | 1,565 |
Spectrum Income | 2,551 | 3,555 | 2,551 | 2,646 | 2,799 | 2,595 | 2,705 | 2,705 | 2,615 | 2,551 |
Spectrum International | 488 | 679 | 488 | 506 | 535 | 496 | 517 | 517 | 500 | 488 |
Summit Cash Reserves | 2,043 | 2,849 | 2,043 | 2,119 | 2,243 | 2,080 | 2,168 | 2,168 | 2,094 | 2,043 |
76
Fund | Aggregate Compensation From Fund | |||||||||
Brody | Deering | Dick* | Duncan | Gerrard | Horn* | McBride | Rouse | Schreiber | Tercek | |
Summit Municipal Income | 409 | 569 | 409 | 424 | 448 | 416 | 433 | 433 | 419 | 409 |
Summit Municipal Intermediate | 1,624 | 2,263 | 1,624 | 1,684 | 1,782 | 1,652 | 1,721 | 1,721 | 1,664 | 1,624 |
Summit Municipal Money Market | 79 | 110 | 79 | 82 | 87 | 80 | 84 | 84 | 81 | 79 |
Target 2005 | 7 | 10 | 7 | 7 | 8 | 7 | 8 | 8 | 7 | 7 |
Target 2010 | 15 | 21 | 15 | 16 | 17 | 16 | 16 | 16 | 16 | 15 |
Target 2015 | 41 | 57 | 41 | 42 | 45 | 42 | 43 | 43 | 42 | 41 |
Target 2020 | 51 | 70 | 51 | 53 | 55 | 51 | 54 | 54 | 52 | 51 |
Target 2025 | 40 | 56 | 40 | 42 | 44 | 41 | 42 | 42 | 41 | 40 |
Target 2030 | 41 | 57 | 41 | 42 | 44 | 41 | 43 | 43 | 42 | 41 |
Target 2035 | 24 | 34 | 24 | 25 | 27 | 25 | 26 | 26 | 25 | 24 |
Target 2040 | 19 | 27 | 19 | 20 | 21 | 20 | 20 | 20 | 20 | 19 |
Target 2045 | 13 | 18 | 13 | 13 | 14 | 13 | 14 | 14 | 13 | 13 |
Target 2050 | 7 | 9 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
Target 2055 | 4 | 6 | 4 | 5 | 5 | 4 | 5 | 5 | 5 | 4 |
Target 2060 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Tax-Efficient Equity | 72 | 101 | 72 | 75 | 79 | 74 | 77 | 77 | 74 | 72 |
Tax-Exempt Money | 387 | 538 | 387 | 401 | 424 | 393 | 410 | 410 | 396 | 387 |
Tax-Free High Yield | 1,367 | 1,905 | 1,367 | 1,418 | 1,500 | 1,391 | 1,449 | 1,449 | 1,401 | 1,367 |
Tax-Free Income | 1,038 | 1,448 | 1,038 | 1,077 | 1,140 | 1,057 | 1,102 | 1,102 | 1,064 | 1,038 |
Tax-Free Short-Intermediate | 853 | 1,189 | 853 | 885 | 936 | 868 | 905 | 905 | 875 | 853 |
Tax-Free Ultra Short-Term Bond | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Equity Market Index | 480 | 668 | 480 | 498 | 526 | 488 | 508 | 508 | 492 | 480 |
U.S. Bond Enhanced Index | 244 | 340 | 244 | 253 | 268 | 249 | 259 | 259 | 250 | 244 |
U.S. Large-Cap Core | 50 | 70 | 50 | 52 | 55 | 51 | 53 | 53 | 51 | 50 |
U.S. Treasury Intermediate | 160 | 223 | 160 | 166 | 175 | 163 | 169 | 169 | 164 | 160 |
U.S. Treasury Long-Term | 141 | 196 | 141 | 146 | 155 | 143 | 149 | 149 | 144 | 141 |
77
Fund | Aggregate Compensation From Fund | |||||||||
Brody | Deering | Dick* | Duncan | Gerrard | Horn* | McBride | Rouse | Schreiber | Tercek | |
U.S. Treasury Money | 840 | 1,170 | 840 | 871 | 921 | 854 | 890 | 890 | 860 | 840 |
Ultra Short-Term Bond | 220 | 307 | 220 | 228 | 241 | 224 | 233 | 233 | 225 | 220 |
Value | 9,108 | 12,683 | 9,108 | 9,445 | 9,984 | 9,259 | 9,647 | 9,647 | 9,333 | 9,108 |
Virginia Tax-Free Bond | 407 | 567 | 407 | 422 | 446 | 414 | 431 | 431 | 417 | 407 |
* Effective December 31, 2015, Mr. Dick and Ms. Horn retired as independent directors of the Price Funds.
(a) Estimated for the period June 28, 2016, through December 31, 2016.
(b) Estimated for the period April 16, 2016, through December 31, 2016.
(c) Estimated for the period February 27, 2016, through December 31, 2016.
(d) Directors fees were paid by T. Rowe Price on behalf of the fund.
Directors Holdings in the Price Funds
The following tables set forth the Price Fund holdings of the current independent and inside directors, as of December 31, 2015, unless otherwise indicated.
Aggregate | Independent Directors | |||||||||
Brody | Deering | Dick* | Duncan | Gerrard | Horn* | McBride | Rouse | Schreiber | Tercek | |
over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | |
Africa & Middle East | None | None | None | None | None | None | None | None | None | None |
Asia Opportunities | None | None | None | None | None | None | None | None | None | None |
Asia Opportunities FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Balanced | None | None | over $100,000 | None | None | None | None | None | None | None |
Balanced FundI Class | None | None | None | None | None | None | None | None | None | None |
Blue Chip Growth | None | None | $50,001-$100,000 | None | None | None | None | None | over $100,000 | None |
Blue Chip Growth FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Blue Chip Growth FundI Class | None | None | None | None | None | None | None | None | None | None |
Blue Chip Growth FundR Class | None | None | None | None | None | None | None | None | None | None |
California Tax-Free Bond | None | None | None | None | None | None | None | None | None | None |
California Tax-Free Money | over $100,000 | None | None | None | None | None | None | None | None | None |
Capital Appreciation | None | None | over $100,000 | None | $50,001-$100,000 | None | over $100,000 | None | None | None |
Capital Appreciation FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Capital Appreciation FundI Class | None | None | None | None | None | None | None | None | None | None |
Capital Opportunity | None | None | None | None | $10,001-$50,000 | None | None | None | None | None |
Capital Opportunity FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
78
Aggregate | Independent Directors | |||||||||
Brody | Deering | Dick* | Duncan | Gerrard | Horn* | McBride | Rouse | Schreiber | Tercek | |
over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | |
Capital Opportunity FundR Class | None | None | None | None | None | None | None | None | None | None |
Corporate Income | None | None | None | None | None | None | None | None | None | None |
Corporate Income FundI Class | None | None | None | None | None | None | None | None | None | None |
Credit Opportunities Fund | None | None | None | None | $10,001-$50,000 | None | None | None | None | None |
Credit Opportunities FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Diversified Mid-Cap Growth | None | None | None | None | None | None | None | None | None | None |
Dividend Growth | None | None | over $100,000 | None | None | None | None | None | None | None |
Dividend Growth FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Dividend Growth FundI Class | None | None | None | None | None | None | None | None | None | None |
Emerging Europe | None | None | None | None | None | None | None | None | None | None |
Emerging Markets Bond | None | None | over $100,000 | None | None | None | None | None | None | None |
Emerging Markets Bond FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Emerging Markets Bond FundI Class | None | None | None | None | None | None | None | None | None | None |
Emerging Markets Corporate Bond | None | None | None | None | None | None | None | None | None | None |
Emerging Markets Corporate Bond FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Emerging Markets Corporate Bond FundI Class | None | None | None | None | None | None | None | None | None | None |
Emerging Markets Corporate Multi-Sector Account Portfolio | None | None | None | None | None | None | None | None | None | None |
Emerging Markets Local Currency Bond | None | None | None | None | None | None | None | None | None | None |
Emerging Markets Local Currency Bond FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Emerging Markets Local Currency Bond FundI Class | None | None | None | None | None | None | None | None | None | None |
Emerging Markets Local Multi-Sector Account Portfolio | None | None | None | None | None | None | None | None | None | None |
Emerging Markets Stock | None | None | None | over $100,000 | None | None | None | None | over $100,000 | None |
Emerging Markets Stock FundI Class | None | None | None | None | None | None | None | None | None | None |
79
Aggregate | Independent Directors | |||||||||
Brody | Deering | Dick* | Duncan | Gerrard | Horn* | McBride | Rouse | Schreiber | Tercek | |
over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | |
Emerging Markets Value Stock | None | None | None | None | None | None | None | None | None | None |
Emerging Markets Value Stock FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Equity Income | None | None | $50,001-$100,000 | None | None | None | None | None | None | None |
Equity Income FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Equity Income FundI Class | None | None | None | None | None | None | None | None | None | None |
Equity Income FundR Class | None | None | None | None | None | None | None | None | None | None |
Equity Index 500 | None | None | None | None | None | None | None | None | None | None |
Equity Index 500 FundI Class | None | None | None | None | None | None | None | None | None | None |
European Stock | None | None | None | None | $1-$10,000 | None | None | None | None | None |
Extended Equity Market Index | None | None | None | None | None | None | None | None | None | None |
Financial Services | None | None | None | None | $10,001-$50,000 | None | None | None | None | None |
Floating Rate | None | over $100,000 | None | None | None | None | None | None | None | None |
Floating Rate FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Floating Rate Multi-Sector Account Portfolio | None | None | None | None | None | None | None | None | None | None |
Georgia Tax-Free Bond | None | None | None | None | None | None | None | None | None | None |
Global Allocation | None | None | None | None | None | None | None | None | None | None |
Global Allocation FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Global Growth Stock | None | None | None | None | None | None | None | None | None | None |
Global Growth Stock FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Global High Income Bond | None | None | None | None | None | None | None | None | None | None |
Global High Income Bond FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Global High Income Bond FundI Class | None | None | None | None | None | None | None | None | None | None |
Global Industrials | None | None | None | None | None | None | None | None | None | None |
Global Multi-Sector Bond | None | None | None | None | None | None | None | None | None | None |
Global Multi-Sector Bond FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Global Real Estate | None | None | None | None | $1-$10,000 | None | None | None | None | None |
80
Aggregate | Independent Directors | |||||||||
Brody | Deering | Dick* | Duncan | Gerrard | Horn* | McBride | Rouse | Schreiber | Tercek | |
over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | |
Global Real Estate FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Global Stock | None | None | None | None | None | None | None | None | None | None |
Global Stock FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Global Technology | None | None | None | None | $50,001-$100,000 | None | None | None | None | None |
Global Unconstrained Bond | None | None | None | None | None | None | None | None | None | None |
Global Unconstrained Bond FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Global Unconstrained Bond FundI Class | None | None | None | None | None | None | None | None | None | None |
GNMA | None | None | None | None | None | None | None | None | over $100,000 | None |
TRP Government Reserve Investment | None | None | None | None | None | None | None | None | None | None |
Growth & Income | None | $50,001-$100,000 | None | None | None | None | None | None | over $100,000 | None |
Growth Stock | None | None | over $100,000 | None | $10,001-$50,000 | None | None | None | None | None |
Growth Stock FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Growth Stock FundI Class | None | None | None | None | None | None | None | None | None | None |
Growth Stock FundR Class | None | None | None | None | None | None | None | None | None | None |
Health Sciences | None | None | over $100,000 | None | $50,001-$100,000 | None | over $100,000 | None | None | None |
High Yield | None | None | None | None | None | None | None | None | over $100,000 | None |
High Yield FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
High Yield FundI Class | None | None | None | None | None | None | None | None | None | None |
High Yield Multi-Sector Account Portfolio | None | None | None | None | None | None | None | None | None | None |
Inflation Protected Bond | None | None | over $100,000 | None | None | None | None | None | None | None |
Inflation Protected Bond FundI Class | None | None | None | None | None | None | None | None | None | None |
Institutional Africa & Middle East | None | None | None | None | None | None | None | None | None | None |
Institutional Core Plus | None | None | None | None | None | None | None | None | None | None |
Institutional Core Plus FundF Class | None | None | None | None | None | None | None | None | None | None |
Institutional Credit Opportunities Fund | None | None | None | None | None | None | None | None | None | None |
81
Aggregate | Independent Directors | |||||||||
Brody | Deering | Dick* | Duncan | Gerrard | Horn* | McBride | Rouse | Schreiber | Tercek | |
over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | |
Institutional Emerging Markets Bond | None | None | None | None | None | None | None | None | None | None |
Institutional Emerging Markets Equity | None | None | None | None | None | None | None | None | None | None |
Institutional Floating Rate | None | over $100,000 | None | None | None | None | None | None | None | None |
Institutional Floating Rate FundF Class | None | None | None | None | None | None | None | None | None | None |
Institutional Frontiers Markets Equity | None | None | None | None | None | None | None | None | None | None |
Institutional Global Focused Growth Equity | None | None | None | None | None | None | None | None | None | None |
Institutional Global Growth Equity | None | None | None | None | None | None | None | None | None | None |
Institutional Global Multi-Sector Bond | None | None | None | None | None | None | None | None | None | None |
Institutional Global Value Equity | None | None | None | None | None | None | None | None | None | None |
Institutional High Yield | None | None | None | None | None | None | None | None | None | None |
Institutional International Bond | None | None | None | None | None | None | None | None | None | None |
Institutional International Concentrated Equity | None | None | None | None | None | None | None | None | None | None |
Institutional International Core Equity | None | None | None | None | None | None | None | None | None | None |
Institutional International Growth Equity | None | None | None | None | None | None | None | None | None | None |
Institutional Large-Cap Core Growth | None | None | None | None | None | None | None | None | None | None |
Institutional Large-Cap Growth | None | None | None | None | None | None | None | None | None | None |
Institutional Large-Cap Value | None | None | None | None | None | None | None | None | None | None |
Institutional Long Duration Credit | None | None | None | None | None | None | None | None | None | None |
Institutional Mid-Cap Equity Growth | None | None | None | None | None | None | None | None | None | None |
Institutional Small-Cap Stock | None | None | None | None | None | None | None | None | None | None |
Institutional U.S. Structured Research | None | None | None | None | None | None | None | None | None | None |
Intermediate Tax-Free High Yield | None | None | None | None | None | None | None | None | None | None |
Intermediate Tax-Free High YieldAdvisor Class | None | None | None | None | None | None | None | None | None | None |
International Bond | None | None | None | None | None | None | None | None | None | None |
82
Aggregate | Independent Directors | |||||||||
Brody | Deering | Dick* | Duncan | Gerrard | Horn* | McBride | Rouse | Schreiber | Tercek | |
over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | |
International Bond FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
International Bond FundI Class | None | None | None | None | None | None | None | None | None | None |
International Concentrated Equity | None | None | None | None | None | None | None | None | None | None |
International Concentrated EquityAdvisor Class | None | None | None | None | None | None | None | None | None | None |
International Discovery | None | None | None | None | None | None | None | None | None | None |
International Discovery FundI Class | None | None | None | None | None | None | None | None | None | None |
International Equity Index | None | None | None | None | None | None | None | None | None | None |
International Growth & Income | None | None | None | None | None | None | None | None | None | None |
International Growth & Income FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
International Growth & Income FundI Class | None | None | None | None | None | None | None | None | None | None |
International Growth & Income FundR Class | None | None | None | None | None | None | None | None | None | None |
International Stock | None | None | None | None | $10,001-$50,000 | None | None | None | None | None |
International Stock FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
International Stock FundI Class | None | None | None | None | None | None | None | None | None | None |
International Stock FundR Class | None | None | None | None | None | None | None | None | None | None |
Investment Grade Multi-Sector Account Portfolio | None | None | None | None | None | None | None | None | None | None |
Japan | None | None | None | None | None | None | None | None | over $100,000 | None |
Latin America | None | None | None | None | None | None | None | None | over $100,000 | None |
Limited Duration Inflation Focused Bond | None | None | None | None | None | None | None | None | None | None |
Limited Duration Inflation Focused Bond FundI Class | None | None | None | None | None | None | None | None | None | None |
Maryland Short-Term Tax-Free Bond | None | None | None | None | None | None | None | None | None | None |
Maryland Tax-Free Bond | None | None | None | None | None | None | None | None | None | None |
Maryland Tax-Free Money | None | None | None | None | None | None | None | None | None | None |
83
Aggregate | Independent Directors | |||||||||
Brody | Deering | Dick* | Duncan | Gerrard | Horn* | McBride | Rouse | Schreiber | Tercek | |
over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | |
Media & Telecommunications | None | None | None | None | $50,001-$100,000 | None | None | None | None | None |
Mid-Cap Growth | None | None | None | None | None | None | None | None | None | None |
Mid-Cap Growth FundAdvisor Class | None | None | None | None | over $100,000 | None | None | None | None | None |
Mid-Cap Growth FundI Class | None | None | None | None | None | None | None | None | None | None |
Mid-Cap Growth FundR Class | None | None | None | None | None | None | None | None | None | None |
Mid-Cap Index | None | None | None | None | None | None | None | None | None | None |
Mid-Cap Index FundI Class | None | None | None | None | None | None | None | None | None | None |
Mid-Cap Value | None | None | None | None | None | None | None | None | None | None |
Mid-Cap Value FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Mid-Cap Value FundI Class | None | None | None | None | None | None | None | None | None | None |
Mid-Cap Value FundR Class | None | None | None | None | None | None | None | None | None | None |
Mortgage-Backed Securities Multi-Sector Account Portfolio | None | None | None | None | None | None | None | None | None | None |
New America Growth | None | None | None | None | $1-$10,000 | None | over $100,000 | None | None | None |
New America Growth FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
New America Growth FundI Class | None | None | None | None | None | None | None | None | None | None |
New Asia | None | None | None | None | None | None | None | None | None | None |
New Asia FundI Class | None | None | None | None | None | None | None | None | None | None |
New Era | None | None | None | None | None | None | None | None | over $100,000 | None |
New Era FundI Class | None | None | None | None | None | None | None | None | None | None |
New Horizons | $10,001-$50,000 | None | None | None | $50,001-$100,000 | None | None | None | None | None |
New Horizons FundI Class | None | None | None | None | None | None | None | None | None | None |
New Income | None | None | None | None | None | None | None | None | over $100,000 | None |
New Income FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
New Income FundI Class | None | None | None | None | None | None | None | None | None | None |
New Income FundR Class | None | None | None | None | None | None | None | None | None | None |
New Jersey Tax-Free Bond | None | None | None | None | None | None | None | None | None | None |
New York Tax-Free Bond | None | None | None | None | None | None | None | None | None | None |
84
Aggregate | Independent Directors | |||||||||
Brody | Deering | Dick* | Duncan | Gerrard | Horn* | McBride | Rouse | Schreiber | Tercek | |
over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | |
New York Tax-Free Money | None | None | None | None | None | None | None | None | None | None |
Overseas Stock | None | None | None | None | None | None | None | None | None | None |
Overseas Stock FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Overseas Stock FundI Class | None | None | None | None | None | None | None | None | None | None |
Personal Strategy Balanced | None | None | None | None | $10,001-$50,000 | None | None | $50,001-$100,000 | None | None |
Personal Strategy Growth | None | None | None | None | $10,001-$50,000 | None | None | None | None | None |
Personal Strategy Income | None | None | None | None | None | None | None | None | None | None |
Prime Reserve | None | over $100,000 | None | None | None | None | None | None | $10,001-$50,000 | None |
QM U.S. Small-Cap Growth Equity | None | $10,001-$50,000 | None | None | None | None | None | None | None | None |
Real Assets | None | None | None | None | None | None | None | None | None | None |
Real Assets FundI Class | None | None | None | None | None | None | None | None | None | None |
Real Estate | None | None | None | None | $1- $10,000 | None | over $100,000 | None | None | None |
Real Estate FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Real Estate FundI Class | None | None | None | None | None | None | None | None | None | None |
TRP Reserve Investment | None | None | None | None | None | None | None | None | None | None |
Retirement 2005 | None | None | None | None | None | None | None | None | None | None |
Retirement 2005 FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Retirement 2005 FundR Class | None | None | None | None | None | None | None | None | None | None |
Retirement 2010 | None | None | None | None | None | None | None | None | None | None |
Retirement 2010 FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Retirement 2010 FundR Class | None | None | None | None | None | None | None | None | None | None |
Retirement 2015 | over $100,000 | over $100,000 | None | None | None | $50,001-$100,000 | None | None | None | None |
Retirement 2015 FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Retirement 2015 FundR Class | None | None | None | None | None | None | None | None | None | None |
Retirement 2020 | None | None | None | None | $50,001-$100,000 | $50,001-$100,000 | None | None | None | None |
Retirement 2020 FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Retirement 2020 FundR Class | None | None | None | None | None | None | None | None | None | None |
Retirement 2025 | None | None | None | None | $50,001-$100,000 | None | None | None | None | None |
85
Aggregate | Independent Directors | |||||||||
Brody | Deering | Dick* | Duncan | Gerrard | Horn* | McBride | Rouse | Schreiber | Tercek | |
over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | |
Retirement 2025 FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Retirement 2025 FundR Class | None | None | None | None | None | None | None | None | None | None |
Retirement 2030 | None | None | None | None | None | None | None | over $100,000 | None | None |
Retirement 2030 FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Retirement 2030 FundR Class | None | None | None | None | None | None | None | None | None | None |
Retirement 2035 | None | None | None | None | None | None | None | None | None | None |
Retirement 2035 FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Retirement 2035 FundR Class | None | None | None | None | None | None | None | None | None | None |
Retirement 2040 | None | None | None | None | None | None | None | None | None | None |
Retirement 2040 FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Retirement 2040 FundR Class | None | None | None | None | None | None | None | None | None | None |
Retirement 2045 | None | None | None | None | None | None | None | None | None | None |
Retirement 2045 FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Retirement 2045 FundR Class | None | None | None | None | None | None | None | None | None | None |
Retirement 2050 | None | None | None | None | None | None | None | None | None | None |
Retirement 2050 FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Retirement 2050 FundR Class | None | None | None | None | None | None | None | None | None | None |
Retirement 2055 | None | None | None | None | None | None | None | None | None | None |
Retirement 2055 FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Retirement 2055 FundR Class | None | None | None | None | None | None | None | None | None | None |
Retirement 2060 | None | None | None | None | None | None | None | None | None | None |
Retirement 2060 FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Retirement 2060 FundR Class | None | None | None | None | None | None | None | None | None | None |
Retirement Balanced | None | None | None | None | None | None | None | None | None | None |
Retirement Balanced FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Retirement Balanced FundR Class | None | None | None | None | None | None | None | None | None | None |
Retirement I 2005 FundI Class | None | None | None | None | None | None | None | None | None | None |
Retirement I 2010 FundI Class | None | None | None | None | None | None | None | None | None | None |
86
Aggregate | Independent Directors | |||||||||
Brody | Deering | Dick* | Duncan | Gerrard | Horn* | McBride | Rouse | Schreiber | Tercek | |
over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | |
Retirement I 2015 FundI Class | None | None | None | None | None | None | None | None | None | None |
Retirement I 2020 FundI Class | None | None | None | None | None | None | None | None | None | None |
Retirement I 2025 FundI Class | None | None | None | None | None | None | None | None | None | None |
Retirement I 2030 FundI Class | None | None | None | None | None | None | None | None | None | None |
Retirement I 2035 FundI Class | None | None | None | None | None | None | None | None | None | None |
Retirement I 2040 FundI Class | None | None | None | None | None | None | None | None | None | None |
Retirement I 2045 FundI Class | None | None | None | None | None | None | None | None | None | None |
Retirement I 2050 FundI Class | None | None | None | None | None | None | None | None | None | None |
Retirement I 2055 FundI Class | None | None | None | None | None | None | None | None | None | None |
Retirement I 2060 FundI Class | None | None | None | None | None | None | None | None | None | None |
Retirement Balanced I FundI Class | None | None | None | None | None | None | None | None | None | None |
Science & Technology | None | None | None | None | $1-$10,000 | None | None | None | None | None |
Science & Technology FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Short-Term Bond | None | None | over $100,000 | None | None | None | None | None | over $100,000 | None |
Short-Term Bond FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Short-Term Bond FundI Class | None | None | None | None | None | None | None | None | None | None |
Short-Term Government Reserve | None | None | None | None | None | None | None | None | None | None |
Short-Term Reserve | None | None | None | None | None | None | None | None | None | None |
Small-Cap Index | None | None | None | None | None | None | None | None | None | None |
Small-Cap Index FundI Class | None | None | None | None | None | None | None | None | None | None |
Small-Cap Stock | None | None | None | None | $10,001-$50,000 | None | None | None | None | None |
Small-Cap Stock FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Small-Cap Stock FundI Class | None | None | None | None | None | None | None | None | None | None |
Small-Cap Value | None | None | None | None | None | None | None | None | None | None |
Small-Cap Value FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Small-Cap Value FundI Class | None | None | None | None | None | None | None | None | None | None |
Spectrum Growth | None | None | None | None | None | None | None | None | None | None |
Spectrum Income | None | None | over $100,000 | None | None | None | None | None | None | None |
Spectrum International | None | None | None | None | None | None | None | None | None | None |
87
Aggregate | Independent Directors | |||||||||
Brody | Deering | Dick* | Duncan | Gerrard | Horn* | McBride | Rouse | Schreiber | Tercek | |
over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | |
Summit Cash Reserves | None | None | over $100,000 | None | None | None | None | None | over $100,000 | over $100,000 |
Summit Municipal Income | None | None | None | None | None | None | None | None | over $100,000 | None |
Summit Municipal Income FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Summit Municipal Intermediate | None | None | None | None | None | None | over $100,000 | None | over $100,000 | None |
Summit Municipal Intermediate FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Summit Municipal Money Market | None | None | None | None | None | None | None | None | $50,001-$100,000 | None |
Target 2005 | None | None | None | None | None | None | None | None | None | None |
Target 2005 FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Target 2010 | None | None | None | None | None | None | None | None | None | None |
Target 2010 FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Target 2015 | None | None | None | None | None | None | None | None | None | None |
Target 2015 FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Target 2020 | None | None | None | None | None | None | None | None | None | None |
Target 2020 FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Target 2025 | None | None | None | None | None | None | None | None | None | None |
Target 2025 FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Target 2030 | None | None | None | None | None | None | None | None | None | None |
Target 2030 FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Target 2035 | None | None | None | None | None | None | None | None | None | None |
Target 2035 FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Target 2040 | None | None | None | None | None | None | None | None | None | None |
Target 2040 FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Target 2045 | None | None | None | None | None | None | None | None | None | None |
Target 2045 FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Target 2050 | None | None | None | None | None | None | None | None | None | None |
Target 2050 FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Target 2055 | None | None | None | None | None | None | None | None | None | None |
Target 2055 FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Target 2060 | None | None | None | None | None | None | None | None | None | None |
Target 2060 FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Tax-Efficient Equity | None | None | None | None | None | None | None | None | None | None |
Tax-Exempt Money | None | None | None | None | None | None | None | None | None | None |
Tax-Free High Yield | None | None | None | None | None | None | None | None | over $100,000 | None |
Tax-Free High Yield FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
88
Aggregate | Independent Directors | |||||||||
Brody | Deering | Dick* | Duncan | Gerrard | Horn* | McBride | Rouse | Schreiber | Tercek | |
over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | over $100,000 | |
Tax-Free Income | None | None | None | None | None | None | None | None | None | None |
Tax-Free Income FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Tax-Free Short-Intermediate | None | None | None | None | None | None | over $100,000 | None | None | None |
Tax-Free Short-Intermediate FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Tax-Free Ultra Short-Term Bond | None | None | None | None | None | None | None | None | None | None |
Total Equity Market Index | None | None | None | None | None | None | None | None | None | None |
U.S. Bond Enhanced Index | None | None | None | None | None | None | None | None | None | None |
U.S. Large-Cap Core | None | None | None | None | $10,001-$50,000 | None | None | None | None | None |
U.S. Large-Cap Core FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
U.S. Treasury Intermediate | None | None | None | None | None | None | None | None | over $100,000 | None |
U.S. Treasury Long-Term | None | None | None | None | None | None | None | None | over $100,000 | None |
U.S. Treasury Money | None | None | None | None | None | None | None | None | $1-$10,000 | None |
Ultra Short-Term Bond | None | None | None | None | None | None | None | None | None | None |
Value | None | None | None | None | None | None | None | None | over $100,000 | None |
Value FundAdvisor Class | None | None | None | None | None | None | None | None | None | None |
Value FundI Class | None | None | None | None | None | None | None | None | None | None |
Virginia Tax-Free Bond | None | None | None | None | None | None | None | None | None | None |
* Effective December 31, 2015, Mr. Dick and Ms. Horn retired as independent directors of the Price Funds.
Aggregate Holdings, | Inside Directors | ||||||
Bernard | Rogers | Wiese | |||||
over $100,000 | over $100,000 | over $100,000 | |||||
Africa & Middle East | None | None | None | ||||
Asia Opportunities | None | None | None | ||||
Asia Opportunities FundAdvisor Class | None | None | None | ||||
Balanced | None | None | None | ||||
Balanced FundI Class | None | None | None | ||||
Blue Chip Growth | None | None | None | ||||
Blue Chip Growth FundAdvisor Class | None | None | $10,001-$50,000 | ||||
Blue Chip Growth FundI Class | None | None | None | ||||
Blue Chip Growth FundR Class | None | None | None | ||||
California Tax-Free Bond | None | None | None | ||||
California Tax-Free Money | None | None | None |
89
Aggregate Holdings, | Inside Directors | ||||||
Bernard | Rogers | Wiese | |||||
over $100,000 | over $100,000 | over $100,000 | |||||
Capital Appreciation | over $100,000 | None | None | ||||
Capital Appreciation FundAdvisor Class | None | None | None | ||||
Capital Appreciation FundI Class | None | None | None | ||||
Capital Opportunity | None | None | None | ||||
Capital Opportunity FundAdvisor Class | None | None | None | ||||
Capital Opportunity FundR Class | None | None | None | ||||
Credit Opportunities | None | None | None | ||||
Credit Opportunities FundAdvisor Class | None | None | None | ||||
Corporate Income | None | over $100,000 | None | ||||
Corporate Income FundI Class | None | None | None | ||||
Diversified Mid-Cap Growth | None | None | None | ||||
Dividend Growth | None | None | None | ||||
Dividend Growth FundAdvisor Class | None | None | None | ||||
Dividend Growth FundI Class | None | None | None | ||||
Emerging Europe | None | None | None | ||||
Emerging Markets Bond | None | None | $10,001-$50,000 | ||||
Emerging Markets Bond FundAdvisor Class | None | None | None | ||||
Emerging Markets Bond FundI Class | None | None | None | ||||
Emerging Markets Corporate Bond | None | None | None | ||||
Emerging Markets Corporate Bond FundAdvisor Class | None | None | None | ||||
Emerging Markets Corporate Bond FundI Class | None | None | None | ||||
Emerging Markets Corporate Multi-Sector Account Portfolio | None | None | None | ||||
Emerging Markets Local Currency Bond | None | None | None | ||||
Emerging Markets Local Currency Bond FundAdvisor Class | None | None | None | ||||
Emerging Markets Local Currency Bond FundI Class | None | None | None | ||||
Emerging Markets Local Multi-Sector Account Portfolio | None | None | None | ||||
Emerging Markets Stock | $50,001-$100,000 | None | None | ||||
Emerging Markets Stock FundI Class | None | None | None | ||||
Emerging Markets Value Stock | None | None | None | ||||
Emerging Markets Value Stock FundAdvisor Class | None | None | None | ||||
Equity Income | $50,001-$100,000 | over $100,000 | None | ||||
Equity Income FundAdvisor Class | None | None | None | ||||
Equity Income FundI Class | None | None | None | ||||
Equity Income FundR Class | None | None | None | ||||
Equity Index 500 | None | None | None | ||||
Equity Index 500 FundI Class | None | None | None |
90
Aggregate Holdings, | Inside Directors | ||||||
Bernard | Rogers | Wiese | |||||
over $100,000 | over $100,000 | over $100,000 | |||||
European Stock | None | None | None | ||||
Extended Equity Market Index | None | None | None | ||||
Financial Services | None | None | None | ||||
Floating Rate | None | None | None | ||||
Floating Rate FundAdvisor Class | None | None | None | ||||
Floating Rate Multi-Sector Account Portfolio | None | None | None | ||||
Georgia Tax-Free Bond | None | None | None | ||||
Global Allocation | None | None | None | ||||
Global Allocation FundAdvisor Class | None | None | None | ||||
Global Growth Stock | None | None | None | ||||
Global Growth Stock FundAdvisor Class | None | None | None | ||||
Global High Income Bond | None | None | over $100,000 | ||||
Global High Income Bond FundAdvisor Class | None | None | None | ||||
Global High Income Bond FundI Class | None | None | None | ||||
Global Industrials | None | None | None | ||||
Global Multi-Sector Bond | None | None | None | ||||
Global Multi-Sector Bond FundAdvisor Class | None | None | None | ||||
Global Real Estate | None | None | None | ||||
Global Real Estate FundAdvisor Class | None | None | None | ||||
Global Stock | over $100,000 | None | $10,001-$50,000 | ||||
Global Stock FundAdvisor Class | None | None | None | ||||
Global Technology | None | None | $10,001-$50,000 | ||||
Global Unconstrained Bond | None | None | over $100,000 | ||||
Global Unconstrained Bond FundAdvisor Class | None | None | None | ||||
Global Unconstrained Bond FundI Class | None | None | None | ||||
GNMA | None | None | None | ||||
TRP Government Reserve Investment | None | None | None | ||||
Growth & Income | None | None | None | ||||
Growth Stock | over $100,000 | None | None | ||||
Growth Stock FundAdvisor Class | None | None | None | ||||
Growth Stock FundI Class | None | None | None | ||||
Growth Stock FundR Class | None | None | None | ||||
Health Sciences | None | None | over $100,000 | ||||
High Yield | $10,001-$50,000 | None | None | ||||
High Yield FundAdvisor Class | None | None | None | ||||
High Yield FundI Class | None | None | None | ||||
High Yield Multi-Sector Account Portfolio | None | None | None | ||||
Inflation Protected Bond | None | None | None | ||||
Inflation Protected Bond FundI Class | None | None | None | ||||
Institutional Africa & Middle East | None | None | None |
91
Aggregate Holdings, | Inside Directors | ||||||
Bernard | Rogers | Wiese | |||||
over $100,000 | over $100,000 | over $100,000 | |||||
Institutional Credit Opportunities | None | None | None | ||||
Institutional Core Plus | None | None | None | ||||
Institutional Core Plus FundF Class | None | None | None | ||||
Institutional Emerging Markets Bond | None | None | None | ||||
Institutional Emerging Markets Equity | None | None | None | ||||
Institutional Floating Rate | None | over $100,000 | over $100,000 | ||||
Institutional Floating Rate FundF Class | None | None | None | ||||
Institutional Frontiers Markets Equity | None | None | None | ||||
Institutional Global Focused Growth Equity | over $100,000 | over $100,000 | None | ||||
Institutional Global Growth Equity | None | None | None | ||||
Institutional Global Multi-Sector Bond | None | None | None | ||||
Institutional Global Value Equity | None | None | None | ||||
Institutional High Yield | None | None | None | ||||
Institutional International Bond | None | None | None | ||||
Institutional International Concentrated Equity | None | None | None | ||||
Institutional International Core Equity | None | None | None | ||||
Institutional International Growth Equity | None | None | None | ||||
Institutional Large-Cap Core Growth | None | None | None | ||||
Institutional Large-Cap Growth | None | None | None | ||||
Institutional Large-Cap Value | None | None | None | ||||
Institutional Long Duration Credit | None | None | None | ||||
Institutional Mid-Cap Equity Growth | over $100,000 | None | None | ||||
Institutional Small-Cap Stock | $10,001-$50,000 | None | None | ||||
Institutional U.S. Structured Research | None | None | None | ||||
Intermediate Tax-Free High Yield | None | None | None | ||||
Intermediate Tax Free High YieldAdvisor Class | None | None | None | ||||
International Bond | None | None | None | ||||
International Bond FundAdvisor Class | None | None | None | ||||
International Bond FundI Class | None | None | None | ||||
International Concentrated Equity | None | None | None | ||||
International Concentrated FundAdvisor Class | None | None | None | ||||
International Discovery | $10,001-$50,000 | None | None | ||||
International Discovery FundI Class | None | None | None | ||||
International Equity Index | None | None | $1-$10,000 | ||||
International Growth & Income | None | None | None |
92
Aggregate Holdings, | Inside Directors | ||||||
Bernard | Rogers | Wiese | |||||
over $100,000 | over $100,000 | over $100,000 | |||||
International Growth & Income FundAdvisor Class | None | None | None | ||||
International Growth & Income FundI Class | None | None | None | ||||
International Growth & Income FundR Class | None | None | None | ||||
International Stock | $10,001-$50,000 | None | $1-$10,000 | ||||
International Stock FundAdvisor Class | None | None | None | ||||
International Stock FundI Class | None | None | None | ||||
International Stock FundR Class | None | None | None | ||||
Investment Grade Multi-Sector Account Portfolio | None | None | None | ||||
Japan | None | None | None | ||||
Latin America | None | None | None | ||||
Limited Duration Inflation Focused Bond | None | None | None | ||||
Limited Duration Inflation Focused Bond FundI Class | None | None | None | ||||
Maryland Short-Term Tax-Free Bond | None | None | None | ||||
Maryland Tax-Free Bond | None | None | None | ||||
Maryland Tax-Free Money | None | None | $10,001-$50,000 | ||||
Media & Telecommunications | None | over $100,000 | None | ||||
Mid-Cap Growth | None | None | None | ||||
Mid-Cap Growth FundAdvisor Class | None | None | None | ||||
Mid-Cap Growth FundI Class | None | None | None | ||||
Mid-Cap Growth FundR Class | None | None | None | ||||
Mid-Cap Index | None | None | None | ||||
Mid-Cap Index FundI Class | None | None | None | ||||
Mid-Cap Value | None | None | None | ||||
Mid-Cap Value FundAdvisor Class | None | None | None | ||||
Mid-Cap Value FundI Class | None | None | None | ||||
Mid-Cap Value FundR Class | None | None | None | ||||
Mortgage-Backed Securities Multi-Sector Account Portfolio | None | None | None | ||||
New America Growth | None | None | None | ||||
New America Growth FundAdvisor Class | None | None | None | ||||
New America Growth FundI Class | None | None | None | ||||
New Asia | over $100,000 | None | None | ||||
New Asia FundI Class | None | None | None | ||||
New Era | None | None | None | ||||
New Era FundI Class | None | None | None | ||||
New Horizons | $10,001-$50,000 | None | None | ||||
New Horizons FundI Class | None | None | None | ||||
New Income | None | $50,001-$100,000 | None | ||||
New Income FundAdvisor Class | None | None | None | ||||
New Income FundI Class | None | None | None | ||||
New Income FundR Class | None | None | None |
93
Aggregate Holdings, | Inside Directors | ||||||
Bernard | Rogers | Wiese | |||||
over $100,000 | over $100,000 | over $100,000 | |||||
New Jersey Tax-Free Bond | None | None | None | ||||
New York Tax-Free Bond | None | None | None | ||||
New York Tax-Free Money | None | None | None | ||||
Overseas Stock | None | None | None | ||||
Overseas Stock FundAdvisor Class | None | None | None | ||||
Overseas Stock FundI Class | None | None | None | ||||
Personal Strategy Balanced | None | None | None | ||||
Personal Strategy Growth | None | None | None | ||||
Personal Strategy Income | None | None | None | ||||
Prime Reserve | over $100,000 | over $100,000 | $1-$10,000 | ||||
QM U.S. Small-Cap Growth Equity | None | None | None | ||||
Real Assets | None | None | None | ||||
Real Assets FundI Class | None | None | None | ||||
Real Estate | over $100,000 | None | None | ||||
Real Estate FundAdvisor Class | None | None | None | ||||
Real Estate FundI Class | None | None | None | ||||
TRP Reserve Investment | None | None | None | ||||
Retirement 2005 | None | None | None | ||||
Retirement 2005 FundAdvisor Class | None | None | None | ||||
Retirement 2005 FundR Class | None | None | None | ||||
Retirement 2010 | None | None | None | ||||
Retirement 2010 FundAdvisor Class | None | None | None | ||||
Retirement 2010 FundR Class | None | None | None | ||||
Retirement 2015 | None | None | None | ||||
Retirement 2015 FundAdvisor Class | None | None | None | ||||
Retirement 2015 FundR Class | None | None | None | ||||
Retirement 2020 | None | None | None | ||||
Retirement 2020 FundAdvisor Class | None | None | None | ||||
Retirement 2020 FundR Class | None | None | None | ||||
Retirement 2025 | None | None | None | ||||
Retirement 2025 FundAdvisor Class | None | None | None | ||||
Retirement 2025 FundR Class | None | None | None | ||||
Retirement 2030 | None | None | None | ||||
Retirement 2030 FundAdvisor Class | None | None | None | ||||
Retirement 2030 FundR Class | None | None | None | ||||
Retirement 2035 | None | None | None | ||||
Retirement 2035 FundAdvisor Class | None | None | None | ||||
Retirement 2035 FundR Class | None | None | None | ||||
Retirement 2040 | None | None | None | ||||
Retirement 2040 FundAdvisor Class | None | None | None | ||||
Retirement 2040 FundR Class | None | None | None | ||||
Retirement 2045 | None | None | None | ||||
Retirement 2045 FundAdvisor Class | None | None | None |
94
Aggregate Holdings, | Inside Directors | ||||||
Bernard | Rogers | Wiese | |||||
over $100,000 | over $100,000 | over $100,000 | |||||
Retirement 2045 FundR Class | None | None | None | ||||
Retirement 2050 | None | None | None | ||||
Retirement 2050 FundAdvisor Class | None | None | None | ||||
Retirement 2050 FundR Class | None | None | None | ||||
Retirement 2055 | over $100,000 | None | None | ||||
Retirement 2055 FundAdvisor Class | None | None | None | ||||
Retirement 2055 FundR Class | None | None | None | ||||
Retirement 2060 | None | None | None | ||||
Retirement 2060 FundAdvisor Class | None | None | None | ||||
Retirement 2060 FundR Class | None | None | None | ||||
Retirement Balanced | None | None | None | ||||
Retirement Balanced FundAdvisor Class | None | None | None | ||||
Retirement Balanced FundR Class | None | None | None | ||||
Retirement I 2005 FundI Class | None | None | None | ||||
Retirement I 2010 FundI Class | None | None | None | ||||
Retirement I 2015 FundI Class | None | None | None | ||||
Retirement I 2020 FundI Class | None | None | None | ||||
Retirement I 2025 FundI Class | None | None | None | ||||
Retirement I 2030 FundI Class | None | None | None | ||||
Retirement I 2035 FundI Class | None | None | None | ||||
Retirement I 2040 FundI Class | None | None | None | ||||
Retirement I 2045 FundI Class | None | None | None | ||||
Retirement I 2050 FundI Class | None | None | None | ||||
Retirement I 2055 FundI Class | None | None | None | ||||
Retirement I 2060 FundI Class | None | None | None | ||||
Retirement Balanced I FundI Class | None | None | None | ||||
Science & Technology | over $100,000 | over $100,000 | over $100,000 | ||||
Science & Technology FundAdvisor Class | None | None | None | ||||
Short-Term Bond | over $100,000 | None | over $100,000 | ||||
Short-Term Bond FundAdvisor Class | None | None | None | ||||
Short-Term Bond FundI Class | None | None | None | ||||
Short-Term Government Reserve | None | None | None | ||||
Short-Term Reserve | None | None | None | ||||
Small-Cap Index | None | None | None | ||||
Small-Cap Index FundI Class | None | None | None | ||||
Small-Cap Stock | None | None | None | ||||
Small-Cap Stock FundAdvisor Class | None | None | None | ||||
Small-Cap Stock FundI Class | None | None | None | ||||
Small-Cap Value | $10,001-$50,000 | None | None | ||||
Small-Cap Value FundAdvisor Class | None | None | None | ||||
Small-Cap Value FundI Class | None | None | None | ||||
Spectrum Growth | over $100,000 | None | None | ||||
Spectrum Income | over $100,000 | over $100,000 | None | ||||
Spectrum International | over $100,000 | None | None |
95
Aggregate Holdings, | Inside Directors | ||||||
Bernard | Rogers | Wiese | |||||
over $100,000 | over $100,000 | over $100,000 | |||||
Summit Cash Reserves | over $100,000 | over $100,000 | over $100,000 | ||||
Summit Municipal Income | None | None | None | ||||
Summit Municipal Income FundAdvisor Class | None | None | None | ||||
Summit Municipal Intermediate | None | None | None | ||||
Summit Municipal Intermediate FundAdvisor Class | None | None | None | ||||
Summit Municipal Money Market | over $100,000 | None | None | ||||
Target 2005 | None | None | None | ||||
Target 2005 FundAdvisor Class | None | None | None | ||||
Target 2010 | None | None | None | ||||
Target 2010 FundAdvisor Class | None | None | None | ||||
Target 2015 | None | None | None | ||||
Target 2015 FundAdvisor Class | None | None | None | ||||
Target 2020 | None | None | None | ||||
Target 2020 FundAdvisor Class | None | None | None | ||||
Target 2025 | None | None | None | ||||
Target 2025 FundAdvisor Class | None | None | None | ||||
Target 2030 | None | None | None | ||||
Target 2030 FundAdvisor Class | None | None | None | ||||
Target 2035 | None | None | None | ||||
Target 2035 FundAdvisor Class | None | None | None | ||||
Target 2040 | None | None | None | ||||
Target 2040 FundAdvisor Class | None | None | None | ||||
Target 2045 | None | None | None | ||||
Target 2045 FundAdvisor Class | None | None | None | ||||
Target 2050 | None | None | None | ||||
Target 2050 FundAdvisor Class | None | None | None | ||||
Target 2055 | None | None | None | ||||
Target 2055 FundAdvisor Class | None | None | None | ||||
Target 2060 | None | None | None | ||||
Target 2060 FundAdvisor Class | None | None | None | ||||
Tax-Efficient Equity | None | None | None | ||||
Tax-Exempt Money | None | None | None | ||||
Tax-Free High Yield | None | None | None | ||||
Tax-Free High Yield FundAdvisor Class | None | None | None | ||||
Tax-Free Income | None | None | None | ||||
Tax-Free Income FundAdvisor Class | None | None | None | ||||
Tax-Free Short-Intermediate | None | None | None | ||||
Tax-Free Short-Intermediate FundAdvisor Class | None | None | None |
96
Aggregate Holdings, | Inside Directors | ||||||
Bernard | Rogers | Wiese | |||||
over $100,000 | over $100,000 | over $100,000 | |||||
Tax-Free Ultra Short-Term Bond | None | None | None | ||||
Total Equity Market Index | over $100,000 | None | $10,001-$50,000 | ||||
U.S. Bond Enhanced Index | over $100,000 | None | None | ||||
U.S. Large-Cap Core | None | None | None | ||||
U.S. Large-Cap Core FundAdvisor Class | None | None | None | ||||
U.S. Treasury Intermediate | None | None | None | ||||
U.S. Treasury Long-Term | None | None | None | ||||
U.S. Treasury Money | None | None | None | ||||
Ultra Short-Term Bond | None | None | None | ||||
Value | None | $50,001-$100,000 | None | ||||
Value FundAdvisor Class | None | None | None | ||||
Value FundI Class | None | None | None | ||||
Virginia Tax-Free Bond | None | None | None |
Portfolio Managers Holdings in the Price Funds
The following tables set forth the Price Fund holdings of each funds portfolio manager, who serves as chairman of the funds Investment Advisory Committee and has day-to-day responsibility for managing the fund and executing the funds investment program. One column shows the dollar range of shares beneficially owned in the fund for which he or she serves as portfolio manager, as of the end of that funds fiscal year, and the other column shows the dollar range of shares beneficially owned in all funds within the T. Rowe Price family of funds, as of December 31 of the prior year. Shares of the Price Funds are frequently held by T. Rowe Price employees, including portfolio managers, through participation in the T. Rowe Price 401(k) plan. However, starting in 2012, the T. Rowe Price 401(k) plan has periodically replaced certain Price Funds in the eligible investment lineup with similarly managed Institutional Price Funds and T. Rowe Price common trust funds, which operate much like mutual funds but are exempt from registration under the federal securities laws. As a result, the range of fund holdings shown in the tables may have decreased for those portfolio managers who manage a Price Fund that is no longer offered as part of the T. Rowe Price 401(k) plan even though the portfolio manager may now invest in the Institutional Price Fund or T. Rowe Price common trust fund within the same investment strategy.
Fund | Portfolio Manager | Range of Fund Holdings | All Funds | |
Africa & Middle East | Oliver D.M. Bell | None | None | |
Asia Opportunities | Eric C. Moffett | over $1,000,000 | over $1,000,000 | |
Balanced | Charles M. Shriver | $100,001$500,000 | over $1,000,000 | |
Blue Chip Growth (b) | Larry J. Puglia | over $1,000,000 | over $1,000,000 | |
Capital Appreciation (b) | David R. Giroux | over $1,000,000 | over $1,000,000 | |
Capital Opportunity | Ann M. Holcomb Jason B. Polun Eric L. Veiel | $100,001$500,000 None None | over $1,000,000 over $1,000,000 over $1,000,000 | |
Corporate Income | David A. Tiberii | $100,001$500,000 | over $1,000,000 | |
Credit Opportunities | Rodney M. Rayburn | None(c) | $100,001$500,000 | |
Diversified Mid-Cap Growth | Donald J. Easley Donald J. Peters | $500,001$1,000,000 over $1,000,000 | over $1,000,000 over $1,000,000 | |
Dividend Growth | Thomas J. Huber | $500,001$1,000,000 | over $1,000,000 | |
Emerging Europe | Ulle Adamson | None | None | |
Emerging Markets Bond | Michael J. Conelius | $50,001$100,000 | over $1,000,000 | |
Emerging Markets Corporate Bond | Samy B. Muaddi | $10,001$50,000 | $100,001$500,000 |
97
Fund | Portfolio Manager | Range of Fund Holdings | All Funds | |
Emerging Markets Local Currency Bond | Andrew Keirle | $10,001$50,000 | $10,001$50,000 | |
Emerging Markets Stock | Gonzalo Pangaro | over $1,000,000 | over $1,000,000 | |
Emerging Markets Value Stock | Ernest C. Yeung | $100,001$500,000 | $100,001$500,000 | |
Equity Income | John D. Linehan | $500,001$1,000,000 | over $1,000,000 | |
Equity Index 500 (b) | Ken D. Uematsu(d) | $1$10,000 | $500,001$1,000,000 | |
European Stock | Dean Tenerelli | None | None | |
Extended Equity Market Index | Ken D. Uematsu(d) | $50,001$100,000 | 500,001$1,000,000 | |
Financial Services | Gabriel Solomon | $10,001$50,000 | over $1,000,000 | |
Floating Rate | Paul M. Massaro | $50,001$100,000 | over $1,000,000 | |
Global Allocation | Charles M. Shriver | $100,001$500,000 | over $1,000,000 | |
Global Consumer | Jason Nogueira | (e) | (e) | |
Global Growth Stock (b) | R. Scott Berg | over $1,000,000 | over $1,000,000 | |
Global High Income Bond | Michael Della Vedova Mark J. Vaselkiv | None None | None over $1,000,000 | |
Global Industrials | Peter J. Bates | $500,001$1,000,000 | over $1,000,000 | |
Global Multi-Sector Bond | Steven C. Huber | None | $500,001$1,000,000 | |
Global Real Estate | Nina P. Jones | $10,001$50,000 | $500,001$1,000,000 | |
Global Stock (b) | David J. Eiswert | over $1,000,000 | over $1,000,000 | |
Global Technology | Joshua K. Spencer | over $1,000,000 | over $1,000,000 | |
Global Unconstrained Bond | Arif Husain | None | None | |
GNMA | Andrew C. McCormick | $100,001$500,000 | over $1,000,000 | |
Growth & Income(b) | Jeffrey Rottinghaus | None | over $1,000,000 | |
Growth Stock (b) | Joseph B. Fath | None | over $1,000,000 | |
Health Sciences | Ziad Bakri(f) Taymour R. Tamaddon | $1$10,000 $500,001$1,000,000 | $500,001$1,000,000 over $1,000,000 | |
High Yield | Mark J. Vaselkiv | None | over $1,000,000 | |
Inflation Protected Bond | Daniel O. Shackelford | $50,001$100,000 | over $1,000,000 | |
Intermediate Tax-Free High Yield | James M. Murphy | $50,001$100,000 | over $1,000,000 | |
International Bond | Arif Husain Kenneth A. Orchard(g) | None None | None None | |
International Concentrated Equity | Federico Santilli | None | None | |
International Discovery | Justin Thomson | $500,001$1,000,000 | over $1,000,000 | |
International Equity Index | Neil Smith(h) | None | None | |
International Growth & Income | Jonathan H.W. Matthews | $10,001$50,000 | $10,001$50,000 | |
International Stock (b) | Richard N. Clattenburg | None | None | |
Japan | Archibald Ciganer | None | None | |
Latin America | Verena E. Wachnitz | $100,001$500,000 | $100,001$500,000 | |
Limited Duration Inflation Focused Bond | Daniel O. Shackelford | None | over $1,000,000 | |
Maryland Short-Term Tax-Free Bond | Charles B. Hill | $10,001$50,000 | over $1,000,000 | |
Maryland Tax-Free Bond | Hugh D. McGuirk | over $1,000,000 | over $1,000,000 | |
Maryland Tax-Free Money | Joseph K. Lynagh | $1$10,000 | over $1,000,000 | |
Media & Telecommunications | Paul D. Greene II | $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 (b) | David J. Wallack | None | over $1,000,000 | |
New America Growth | Justin White(i) | None | $100,001$500,000 | |
New Asia | Anh Lu | $500,001$1,000,000 | over $1,000,000 | |
New Era | Shawn T. Driscoll | $100,001$500,000 | over $1,000,000 | |
New Horizons (b) | Henry M. Ellenbogen | $100,001$500,000 | over $1,000,000 |
98
Fund | Portfolio Manager | Range of Fund Holdings | All Funds |
New Income | Daniel O. Shackelford | $10,001$50,000 | over $1,000,000 |
Overseas Stock (b) | Raymond A. Mills | None | over $1,000,000 |
Personal Strategy Balanced | Charles M. Shriver | $10,001$50,000 | over $1,000,000 |
Personal Strategy Growth | Charles M. Shriver | $100,001$500,000 | over $1,000,000 |
Personal Strategy Income | Charles M. Shriver | $1$10,000 | over $1,000,000 |
Prime Reserve | Joseph K. Lynagh | $10,001$50,000 | over $1,000,000 |
QM Global Equity | Sudhir Nanda | (j) | $500,001$1,000,000 |
QM U.S. Small & Mid-Cap Core Equity | Boyko D. Atanassov | (k) | None |
QM U.S. Small-Cap Growth Equity | Sudhir Nanda | $100,001$500,000 | $500,001$1,000,000 |
QM U.S. Value Equity | Farris G. Shuggi | (k) | None |
Real Assets (b) | Wyatt A. Lee | $1$10,000 | over $1,000,000 |
Real Estate | David M. Lee | $100,001$500,000 | over $1,000,000 |
Science & Technology | Kennard W. Allen | over $1,000,000 | over $1,000,000 |
Short-Term Bond | Michael F. Reinartz Edward A. Wiese | None $500,001$1,000,000 | $500,001$1,000,000 over $1,000,000 |
Small-Cap Stock | Gregory A. McCrickard(l) | $500,001$1,000,000 | over $1,000,000 |
Small-Cap Value(b) | J. David Wagner | $100,001$500,000 | $500,001$1,000,000 |
Spectrum Growth | Charles M. Shriver | $100,001$500,000 | over $1,000,000 |
Spectrum Income | Charles M. Shriver | $100,001$500,000 | over $1,000,000 |
Spectrum International | Charles M. Shriver | $100,001$500,000 | over $1,000,000 |
Summit Cash Reserves | Joseph K. Lynagh | $1$10,000 | over $1,000,000 |
Summit Municipal Income | Konstantine B. Mallas | $100,001$500,000 | over $1,000,000 |
Summit Municipal Intermediate | Charles B. Hill | $500,001$1,000,000 | over $1,000,000 |
Summit Municipal Money Market | Joseph K. Lynagh | None | over $1,000,000 |
Tax- Efficient Equity | Donald J. Peters | over $1,000,000 | over $1,000,000 |
Tax- Exempt Money | Joseph K. Lynagh | $10,001$50,000 | over $1,000,000 |
Tax- Free High Yield | James M. Murphy | $100,001$500,000 | over $1,000,000 |
Tax- Free Income | Konstantine B. Mallas | $100,001$500,000 | over $1,000,000 |
Tax- Free Short-Intermediate | Charles B. Hill | $1$10,000 | over $1,000,000 |
Tax- Free Ultra Short-Term Bond | Joseph K. Lynagh | (m) | over $1,000,000 |
Total Equity Market Index | Ken D. Uematsu(d) | $1$10,000 | $500,001$1,000,000 |
U.S. Bond Enhanced Index (b) | Robert M. Larkins | None | $100,001$500,000 |
U.S. Large-Cap Core | Jeffrey Rottinghaus | over $1,000,000 | over $1,000,000 |
U.S. Treasury Intermediate | Brian J. Brennan | $10,001$50,000 | over $1,000,000 |
U.S. Treasury Long-Term | Brian J. Brennan | $10,001$50,000 | over $1,000,000 |
U.S. Treasury Money | Joseph K. Lynagh | $1$10,000 | over $1,000,000 |
Ultra Short-Term Bond | Joseph K. Lynagh | $100,001$500,000 | over $1,000,000 |
Value (b) | Mark S. Finn | over $1,000,000 | over $1,000,000 |
(a) See table beginning on page 8 for the fiscal year of the funds. The range of fund holdings as of the funds fiscal year is updated concurrently with each funds prospectus date as shown in the table beginning on page 8.
(b) The portfolio manager invests in a similarly managed T. Rowe Price common trust fund within the T. Rowe Price 401(k) plan.
(c) On July 8, 2015, Rodney M. Rayburn replaced Paul A. Karpers as the funds portfolio manager. The range of fund holdings is as of July 31, 2015.
(d) Ken D. Uematsu became the funds sole portfolio manager on May 1, 2016.
(e) The funds expected inception date is June 27, 2016, therefore the range of fund holdings is not yet available.
(f) On April 1, 2016, Ziad Bakri became co-portfolio manager of the fund. Effective July 1, 2016, Mr. Tammadon will step down as co-portfolio manager and Mr. Bakri will become the sole portfolio manager of the fund.
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(g) On December 31, 2015, Kenneth A. Orchard became co-portfolio manager of the fund.
(h) Neil Smith became the funds sole portfolio manager on March 1, 2016.
(i) On April 1, 2016, Justin White replaced Daniel Martino as portfolio manager of the fund.
(j) The fund incepted on April 15, 2016, therefore the range of fund holdings is not yet available.
(k) The fund incepted on February 26, 2016, therefore the range of fund holdings is not yet available.
(l) On October 1, 2016, Frank M. Alonso will replace Gregory A McCrickard as the funds portfolio manager.
(m) The fund has not incepted, therefore the range of fund holdings is not yet available.
The following funds may be purchased only by institutional investors.
Fund | Portfolio Manager | Range of Fund Holdings as of Funds Fiscal Yeara | All Funds |
Institutional Africa & Middle East | Oliver D.M. Bell | None | None |
Institutional Core Plus | Brian J. Brennan | $10,001$50,000 | over $1,000,000 |
Institutional Credit Opportunities | Rodney M. Rayburn | $1$10,000(b) | $100,001$500,000 |
Institutional Emerging Markets Bond | Michael J. Conelius | $100,001$500,000 | over $1,000,000 |
Institutional Emerging Markets Equity | Gonzalo Pangaro | None | over $1,000,000 |
Institutional Floating Rate | Paul M. Massaro | $10,001$50,000 | over $1,000,000 |
Institutional Frontier Markets Equity | Oliver D.M. Bell | None | None |
Institutional Global Focused Growth Equity | David J. Eiswert | $500,001$1,000,000 | over $1,000,000 |
Institutional Global Growth Equity | R. Scott Berg | over $1,000,000 | over $1,000,000 |
Institutional Global Multi-Sector Bond | Steven C. Huber | $500,001$1,000,000 | $500,001$1,000,000 |
Institutional Global Value Equity | Sebastien Mallet | None | None |
Institutional High Yield | Mark J. Vaselkiv | $500,001$1,000,000(c) | over $1,000,000 |
Institutional International Bond | Arif Husain Kenneth A. Orchard | None None | None None |
Institutional International Concentrated Equity | Federico Santilli | None | None |
Institutional International Core Equity | Raymond A. Mills | None | over $1,000,000 |
Institutional International Growth Equity | Richard N. Clattenburg | None | None |
Institutional Large Cap Core Growth | Larry J. Puglia | None | over $1,000,000 |
Institutional Large-Cap Growth | Robert W. Sharps(d) | over $1,000,000 | over $1,000,000 |
Institutional Large-Cap Value | Mark S. Finn John D. Linehan Heather K. McPherson | $100,001$500,000 $100,001$500,000 over $1,000,000 | over $1,000,000 over $1,000,000 over $1,000,000 |
Institutional Long Duration Credit | David A. Tiberii | None | over $1,000,000 |
Institutional Mid-Cap Equity Growth | Brian W.H. Berghuis | over $1,000,000 | over $1,000,000 |
Institutional Small-Cap Stock | Gregory A. McCrickard(e) | over $1,000,000 | over $1,000,000 |
Institutional U.S. Structured Research | Ann M. Holcomb Jason B. Polun Eric L. Veiel | None None None | over $1,000,000 over $1,000,000 over $1,000,000 |
(a) See table beginning on page 8 for the fiscal year of the funds. The range of fund holdings as of the funds fiscal year is updated concurrently with each funds prospectus date as shown in the table beginning on page 8.
(b) On July 8, 2015, Rodney M. Rayburn replaced Paul A. Karpers as the funds portfolio manager. The range of fund holdings is as of July 31, 2015.
(c) On July 8, 2015, Mark J. Vaselkiv replaced Paul A. Karpers as the funds portfolio manager. The range of fund holdings is as of July 31, 2015.
(d) On January 1, 2017, Taymour R. Tamaddon will replace Robert W. Sharps as the funds portfolio manager.
(e) On October 1, 2016, Frank M. Alonso will replace Gregory A McCrickard as the funds portfolio manager.
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The following funds are designed for persons residing in the indicated state. The portfolio managers reside in Maryland.
Fund | Portfolio Manager | Range
of Fund Holdings | All Funds |
California Tax-Free Bond | Konstantine B. Mallas | None | over $1,000,000 |
California Tax-Free Money | Joseph K. Lynagh | None | over $1,000,000 |
Georgia Tax-Free Bond | Hugh D. McGuirk | None | over $1,000,000 |
New Jersey Tax-Free Bond | Konstantine B. Mallas | None | over $1,000,000 |
New York Tax-Free Bond | Konstantine B. Mallas | None | over $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 |
(a) See table beginning on page 8 for the fiscal year of the funds. The range of fund holdings as of the funds fiscal year is updated concurrently with each funds prospectus date as shown in the table beginning on page 8.
The following funds are designed such that a single individual would normally select one fund based on that persons expected retirement date.
Fund | Portfolio Manager | Range of Fund Holdings | All Funds |
Retirement 2005 | Jerome A. Clark Wyatt A. Lee | None None(c) | $100,001$500,000 over $1,000,000 |
Retirement 2010 | Jerome A. Clark Wyatt A. Lee | None None(c) | $100,001$500,000 over $1,000,000 |
Retirement 2015 | Jerome A. Clark Wyatt A. Lee | None None(c) | $100,001$500,000 over $1,000,000 |
Retirement 2020 | Jerome A. Clark Wyatt A. Lee | None None(c) | $100,001$500,000 over $1,000,000 |
Retirement 2025 | Jerome A. Clark Wyatt A. Lee | None None(c) | $100,001$500,000 over $1,000,000 |
Retirement 2030 | Jerome A. Clark Wyatt A. Lee | None None(c) | $100,001$500,000 over $1,000,000 |
Retirement 2035 | Jerome A. Clark Wyatt A. Lee | None $10,001$50,000(c) | $100,001$500,000 over $1,000,000 |
Retirement 2040 | Jerome A. Clark (b) Wyatt A. Lee (b) | None $100,001$500,000(c) | $100,001$500,000 over $1,000,000 |
Retirement 2045 | Jerome A. Clark Wyatt A. Lee | None None(c) | $100,001$500,000 over $1,000,000 |
Retirement 2050 | Jerome A. Clark (b) Wyatt A. Lee | None None(c) | $100,001$500,000 over $1,000,000 |
Retirement 2055 | Jerome A. Clark Wyatt A. Lee | None None(c) | $100,001$500,000 over $1,000,000 |
Retirement 2060 | Jerome A. Clark Wyatt A. Lee | None None(c) | $100,001$500,000 over $1,000,000 |
Retirement Balanced | Jerome A. Clark Wyatt A. Lee | None None(c) | $100,001$500,000 over $1,000,000 |
Retirement I 2005 FundI Class | Jerome A. Clark Wyatt A. Lee | (d) (d) | $100,001$500,000 over $1,000,000 |
Retirement I 2010 FundI Class | Jerome A. Clark Wyatt A. Lee | (d) (d) | $100,001$500,000 over $1,000,000 |
Retirement I 2015 FundI Class | Jerome A. Clark Wyatt A. Lee | (d) (d) | $100,001$500,000 over $1,000,000 |
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Fund | Portfolio Manager | Range of Fund Holdings | All Funds |
Retirement I 2020 FundI Class | Jerome A. Clark Wyatt A. Lee | (d) (d) | $100,001$500,000 over $1,000,000 |
Retirement I 2025 FundI Class | Jerome A. Clark Wyatt A. Lee | (d) (d) | $100,001$500,000 over $1,000,000 |
Retirement I 2030 FundI Class | Jerome A. Clark Wyatt A. Lee | (d) (d) | $100,001$500,000 over $1,000,000 |
Retirement I 2035 FundI Class | Jerome A. Clark Wyatt A. Lee | (d) (d) | $100,001$500,000 over $1,000,000 |
Retirement I 2040 FundI Class | Jerome A. Clark Wyatt A. Lee | (d) (d) | $100,001$500,000 over $1,000,000 |
Retirement I 2045 FundI Class | Jerome A. Clark Wyatt A. Lee | (d) (d) | $100,001$500,000 over $1,000,000 |
Retirement I 2050 FundI Class | Jerome A. Clark Wyatt A. Lee | (d) (d) | $100,001$500,000 over $1,000,000 |
Retirement I 2055 FundI Class | Jerome A. Clark Wyatt A. Lee | (d) (d) | $100,001$500,000 over $1,000,000 |
Retirement I 2060 FundI Class | Jerome A. Clark Wyatt A. Lee | (d) (d) | $100,001$500,000 over $1,000,000 |
Retirement Balanced I FundI Class | Jerome A. Clark Wyatt A. Lee | (d) (d) | $100,001$500,000 over $1,000,000 |
Target 2005 | Jerome A. Clark Wyatt A. Lee | None None | $100,001$500,000 over $1,000,000 |
Target 2010 | Jerome A. Clark Wyatt A. Lee | None None | $100,001$500,000 over $1,000,000 |
Target 2015 | Jerome A. Clark Wyatt A. Lee | None None | $100,001$500,000 over $1,000,000 |
Target 2020 | Jerome A. Clark Wyatt A. Lee | None None | $100,001$500,000 over $1,000,000 |
Target 2025 | Jerome A. Clark Wyatt A. Lee | None None | $100,001$500,000 over $1,000,000 |
Target 2030 | Jerome A. Clark Wyatt A. Lee | None None | $100,001$500,000 over $1,000,000 |
Target 2035 | Jerome A. Clark Wyatt A. Lee | None None | $100,001$500,000 over $1,000,000 |
Target 2040 | Jerome A. Clark Wyatt A. Lee | None None | $100,001$500,000 over $1,000,000 |
Target 2045 | Jerome A. Clark Wyatt A. Lee | None None | $100,001$500,000 over $1,000,000 |
Target 2050 | Jerome A. Clark Wyatt A. Lee | None None | $100,001$500,000 over $1,000,000 |
Target 2055 | Jerome A. Clark Wyatt A. Lee | None None | $100,001$500,000 over $1,000,000 |
Target 2060 | Jerome A. Clark Wyatt A. Lee | None None | $100,001$500,000 over $1,000,000 |
(a) See table beginning on page 8 for the fiscal year of the funds. The range of fund holdings as of the funds fiscal year is updated concurrently with each funds prospectus date as shown in the table beginning on page 8.
(b) The portfolio manager invests in a similarly managed T. Rowe Price common trust fund within the T. Rowe Price 401(k) plan.
(c) On August 1, 2015, Wyatt A. Lee joined Jerome A. Clark as co-portfolio manager of the fund. The range of fund holdings is as of July 31, 2015.
(d) The fund incepted on September 29, 2015, therefore the range of fund holdings is not yet available.
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The following funds are not available for direct purchase by members of the public.
Fund | Portfolio Manager | Range of Fund Holdings | All Funds |
Emerging Markets Corporate Multi-Sector Account Portfolio | Samy B. Muaddi | None | $100,001$500,000 |
Emerging Markets Local Multi-Sector Account Portfolio | Andrew Keirle | None | $10,001$50,000 |
Floating Rate Multi-Sector Account Portfolio | Paul M. Massaro | None | over $1,000,000 |
TRP Government Reserve Investment | Joseph K. Lynagh | None | over $1,000,000 |
High Yield Multi-Sector Account Portfolio | Mark J. Vaselkiv | None | over $1,000,000 |
Investment-Grade Corporate Multi-Sector Account Portfolio | David A. Tiberii | None | over $1,000,000 |
Mid-Cap Index | Ken D. Uematsu | None | $500,001$1,000,000 |
Mortgage-Backed Securities Multi-Sector Account Portfolio | Andrew C. McCormick | None | over $1,000,000 |
TRP Reserve Investment | Joseph K. Lynagh | None | over $1,000,000 |
Short-Term Government Reserve Fund | Joseph K. Lynagh | (b) | over $1,000,000 |
Short-Term Reserve Fund | Joseph K. Lynagh | None | over $1,000,000 |
Small-Cap Index | Ken D. Uematsu | None | $500,001$1,000,000 |
(a) See table beginning on page 8 for the fiscal year of the funds. The range of fund holdings as of the funds fiscal year is updated concurrently with each funds prospectus date as shown in the table beginning on page 8.
(b) The fund has not incepted.
Portfolio Manager Compensation
Portfolio manager compensation consists primarily of a base salary, a cash bonus, and an equity incentive that usually comes in the form of restricted stock grant. Compensation is variable and is determined based on the following factors.
Investment performance over 1-, 3-, 5-, and 10-year periods is the most important input. The weightings for these time periods are generally balanced and are applied consistently across similar strategies. T. Rowe Price (and Price Hong Kong, Price Singapore, and T. Rowe Price International, as appropriate), evaluate performance in absolute, relative, and risk-adjusted terms. Relative performance and risk-adjusted performance are typically determined with reference to the broad-based index (e.g., S&P 500 Index) and the Lipper index (e.g., Large-Cap Growth) set forth in the total returns table in the funds prospectus, although other benchmarks may be used as well. Investment results are also measured against comparably managed funds of competitive investment management firms. The selection of comparable funds is approved by the applicable investment steering committee (as described under the Disclosure of Fund Portfolio Information section) and is the same as the selection presented to the directors of the Price Funds in their regular review of fund performance. Performance is primarily measured on a pretax basis though tax efficiency is considered and is especially important for the Tax-Efficient Equity Fund.
Compensation is viewed with a long-term time horizon. The more consistent a managers performance over time, the higher the compensation opportunity. The increase or decrease in a funds assets due to the purchase or sale of fund shares is not considered a material factor. In reviewing relative performance for fixed-income funds, a funds expense ratio is usually taken into account. Contribution to T. Rowe Prices overall investment process is an important consideration as well. Leveraging ideas and investment insights across the global investment platform, working effectively with and mentoring others, and other contributions to our clients, the firm or our culture are important components of T. Rowe Prices long-term success and are highly valued.
All employees of T. Rowe Price, including portfolio managers, participate in a 401(k) plan sponsored by T. Rowe Price Group. In addition, all employees are eligible to purchase T. Rowe Price common stock through
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an employee stock purchase plan that features a limited corporate matching contribution. Eligibility for and participation in these plans is on the same basis for all employees. Finally, all vice presidents of T. Rowe Price Group, including all portfolio managers, receive supplemental medical/hospital reimbursement benefits.
This compensation structure is used when evaluating the performance of all portfolios (including the Price Funds) managed by the portfolio manager.
Assets Under Management
The following table sets forth the number and total assets of the mutual funds and accounts managed by the Price Funds portfolio managers as of the most recent fiscal year end of the funds they manage, unless otherwise indicated. All of the assets of the funds that have multiple portfolio managers are shown as being allocated to all managers of those funds. There are no accounts for which the advisory fee is based on the performance of the account.
Registered Investment | Other
Pooled Investment | Other Accounts | ||||
Portfolio Manager | Number | Total Assets | Number | Total Assets | Number | Total Assets |
Ulle Adamson | 1 | 160,292,701 | 1 | 6,427,751 | 0 | |
Kennard Allen | 4 | 4,610,277,480 | 0 | | 0 | |
Boyko D. Atanassov (a) | 1 | 9,940,999 | 0 | | 0 | |
Ziad Bakri (b) | | | | | | |
Peter J. Bates | 1 | 16,095,069 | 0 | | 0 | |
Oliver D.M. Bell | 2 | 315,555,771 | 2 | 18,096,491 | 0 | |
R. Scott Berg | 3 | 436,543,560 | 9 | 1,954,682,080 | 6 | 1,228,688,500 |
Brian W.H. Berghuis | 8 | 39,155,546,545 | 2 | 1,670,149,850 | 7 | 1,771,289,413 |
Brian J. Brennan | 5 | 1,327,466,586 | 2 | 263,231,945 | 8 | 2,188,601,724 |
Archibald Ciganer | 1 | 316,242,513 | 3 | 294,773,9223 | 1 | 37,278,323 |
Jerome A. Clark | 76 | 150,159,915,058 | 29 | 32,013,003,068 | 5 | 3,434,089,029 |
Richard N. Clattenburg | 4 | 14,541,849,508 | 1 | 1,622,974,766 | 1 | 237,272,186 |
Michael J. Conelius | 2 | 4,721,659,412 | 6 | 2,168,115,877 | 0 | |
Michael Della Vedova | 0 | | 3 | 1,767,680,486 | 0 | |
Shawn T. Driscoll | 2 | 3,155,773,151 | 1 | 250,330,120 | 3 | 137,056,943 |
Donald J. Easley | 1 | 512,818,742 | 0 | | 2 | 48,510,090 |
David J. Eiswert | 4 | 731,431,997 | 5 | 1,499,383,173 | 5 | 2,039,896,726 |
Henry M. Ellenbogen | 1 | 15,387,593,776 | 1 | 1,554,286,559 | 8 | 1,745,481,281 |
Joseph B. Fath | 11 | 60,247,282,046 | 1 | 5,101,688,611 | 7 | 1,843,507,893 |
Mark S. Finn | 7 | 33,904,490,764 | 6 | 9,038,672,285 | 26 | 3,690,417,092 |
David R. Giroux | 7 | 37,611,319,102 | 1 | 344,139,319 | 0 | |
Paul D. Greene II | 1 | 3,573,158,297 | 1 | 307,945,384 | 0 | |
Charles B. Hill | 3 | 6,175,334,826 | 2 | 366,912,223 | 6 | 1,793,371,736 |
Ann M. Holcomb | 5 | 5,266,679,198 | 8 | 4,347,612,801 | 24 | 9,064,206,297 |
Steven C. Huber | 2 | 533,250,560 | 1 | 342,723,612 | 2 | 253,776,832 |
Thomas J. Huber | 2 | 5,354,937,377 | 0 | | 1 | 100,498,968 |
Arif Husain | 5 | 39,344,874,218 | 13 | 1,433,939,585 | 0 | |
Nina P. Jones | 1 | 233,707,364 | 1 | 37,412,483 | 0 | |
Andrew Keirle | 2 | 189,243,271 | 1 | 10,730,587 | 0 | |
Robert M. Larkins | 3 | 616,142,718 | 2 | 1,338,591,298 | 13 | 1,591,094,950 |
David M. Lee | 2 | 5,850,110,781 | 0 | | 0 | |
Wyatt A. Lee | 40 | 140,208,726,043 | 28 | 32,711,967,058 | 0 | |
John D. Linehan | 14 | 38,939,563,915 | 6 | 6,989,387,557 | 30 | 4,569,933,435 |
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Registered Investment | Other Pooled Investment | Other Accounts | ||||
Portfolio Manager | Number | Total Assets | Number | Total Assets | Number | Total Assets |
Anh Lu | 1 | 2,768,051,409 | 2 | 762,664,235 | 2 | 381,068,702 |
Joseph K. Lynagh | 13 | 39,413,418,878 | 3 | 854,884,767 | 3 | 16,061,417 |
Konstantine B. Mallas | 5 | 4,807,581,958 | 0 | | 4 | 85,257,845 |
Sebastien Mallet | 2 | 12,173,063 | 0 | | 0 | |
Paul M. Massaro | 3 | 4,005,972,931 | 1 | 53,854,670 | 6 | 2,690,689,285 |
Jonathan H.W. Matthews | 1 | 11,641,629,896 | 1 | 1,667,833,587 | 0 | |
Andrew C. McCormick | 3 | 1,760,017,683 | 0 | | 1 | 16,150,099 |
Gregory A. McCrickard | 3 | 10,596,516,982 | 3 | 1,021,555,400 | 3 | 749,120,196 |
Hugh D. McGuirk | 3 | 3,279,458,956 | 0 | | 12 | 718,697,508 |
Heather K. McPherson | 4 | 7,314,277,624 | 4 | 1,881,819,815 | 24 | 3,267,969,854 |
Raymond A. Mills | 6 | 13,104,846,173 | 2 | 1,913,480,887 | 3 | 1,444,412,332 |
Eric C. Moffett | 1 | 28,496,135 | 1 | 2,059,501 | 0 | |
Samy B. Muaddi | 2 | 140,779,778 | 3 | 292,586,107 | 0 | |
James M. Murphy | 2 | 3,391,486,955 | 0 | | 0 | |
Sudhir Nanda | 3 | 3,981,921,678 | 0 | | 0 | |
Kenneth A. Orchard | 2 | 5,620,504,936 | 1 | 466,901,015 | 0 | |
Gonzalo Pangaro | 1 | 8,734,776,138 | 5 | 4,507,960,941 | 5 | 1,515,580,225 |
Donald J. Peters | 5 | 2,287,471,076 | 0 | | 14 | 1,901,077,035 |
Jason B. Polun | 6 | 13,733,801,597 | 7 | 13,196,942,688 | 24 | 9,064,206,297 |
Larry J. Puglia | 10 | 41,666,671,714 | 7 | 6,891,658,094 | 17 | 5,088,319,184 |
Rodney M. Rayburn (c) | 2 | 54,011,355 | 1 | 21,345,087 | 0 | |
Michael F. Reinartz | 8 | 10,345,721,575 | 1 | 4,903,919,692 | 12 | 3,257,225,155 |
Christopher J. Rothery | 1 | 3,404,785 | 1 | 0 | 1 | 0 |
Jeffrey Rottinghaus | 2 | 1,756,542,444 | 2 | 167,354,558 | 0 | |
Federico Santilli | 2 | 249,263,320 | 0 | | 0 | |
Daniel O. Shackelford | 6 | 40,490,728,518 | 2 | 2,040,817,876 | 9 | 1,300,847,447 |
Robert W. Sharps | 7 | 19,330,925,241 | 7 | 2,852,658,439 | 56 | 13,387,187,409 |
Charles M. Shriver | 27 | 38,798,265,153 | 5 | 1,945,387,486 | 0 | |
Farris G. Shuggi (a) | 1 | 6,941,870 | 0 | | 0 | |
Neil Smith | 1 | 526,814,432 | 1 | 481,254,677 | 0 | |
Gabriel Solomon | 1 | 632,718,708 | 0 | | 0 | |
Joshua K. Spencer | 2 | 2,811,161,121 | 2 | 750,280,321 | 1 | 366,714,927 |
Taymour R. Tamaddon | 5 | 16,543,854,353 | 1 | 809,505,547 | 1 | 189,202,550 |
Dean Tenerelli | 1 | 1,747,023,022 | 4 | 1,248,713,296 | 1 | 99,239,979 |
Justin Thomson | 1 | 4,221,706,318 | 2 | 514,048,641 | 3 | 242,177,972 |
David A. Tiberii | 6 | 1,273,580,165 | 2 | 120,099,920 | 6 | 3,404,427,038 |
Ken D. Uematsu | 6 | 26,938,946,053 | 2 | 5,468,374,113 | 0 | |
Mark J. Vaselkiv | 4 | 9,108,343,232 | 5 | 2,493,002,541 | 2 | 574,968,469 |
Eric L. Veiel | 6 | 13,733,801,597 | 7 | 13,196,942,688 | 24 | 9,064,206,297 |
Verena E. Wachnitz | 1 | 494,879,265 | 2 | 41,778,630 | 0 | |
J. David Wagner | 6 | 8,470,514,717 | 1 | 646,593,013 | 2 | 184,337,216 |
David J. Wallack | 3 | 12,598,869,462 | 1 | 1,049,713,706 | 1 | 16,787,412 |
Justin White (d) | | | | | | |
Edward A. Wiese | 8 | 10,345,721,575 | 1 | 4,903,919,692 | 12 | 3,257,225,155 |
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Registered Investment | Other Pooled Investment | Other Accounts | ||||
Portfolio Manager | Number | Total Assets | Number | Total Assets | Number | Total Assets |
Ernest C. Yeung | 0 | | 0 | | 0 | |
(a) The individual assumed portfolio management responsibilities of a mutual fund on February 26, 2016. The information on other managed accounts is as of February 29, 2016.
(b) The individual assumed co-portfolio management responsibilities of a mutual fund on April 1, 2016. The information on other managed accounts is not yet available.
(c) The individual assumed portfolio management responsibilities of a mutual fund on July 8, 2015. The information on accounts managed is as of December 31, 2015.
(d) The individual assumed portfolio management responsibilities of a mutual fund on April 1, 2016. The information on other managed accounts is not yet available.
Conflicts of Interest
Portfolio managers at T. Rowe Price and its affiliates typically manage multiple accounts. These accounts may include, among others, mutual funds, separate accounts (assets managed on behalf of institutions such as pension funds, colleges and universities, and foundations), offshore funds and common trust funds. Portfolio managers make investment decisions for each portfolio based on the investment objectives, policies, practices, and other relevant investment considerations that the managers believe are applicable to that portfolio. Consequently, portfolio managers may purchase (or sell) securities for one portfolio and not another portfolio. T. Rowe Price and its affiliates have adopted brokerage and trade allocation policies and procedures which they believe are reasonably designed to address any potential conflicts associated with managing multiple accounts for multiple clients. Also, as disclosed under the Portfolio Manager Compensation section, the portfolio managers compensation is determined in the same manner with respect to all portfolios managed by the portfolio manager. Please see the Portfolio Transactions section of this SAI for more information on our brokerage and trade allocation policies.
The Price Funds may, from time to time, own shares of Morningstar, Inc. Morningstar is a provider of investment research to individual and institutional investors, and publishes ratings on mutual funds, including the Price Funds. T. Rowe Price manages the Morningstar retirement plan and T. Rowe Price and its affiliates pay Morningstar for a variety of products and services. In addition, Morningstar may provide investment consulting and investment management services to clients of T. Rowe Price or its affiliates.
As of December 31, 2015, none of the independent directors or their immediate family members owned beneficially or of record any securities of T. Rowe Price (the Price Funds investment adviser), Investment Services (the Price Funds distributor), or any person controlling, controlled by, or under common control with T. Rowe Price or Investment Services.
As of March 31, 2016, the directors and executive officers of the funds, as a group, owned less than 1% of the outstanding shares of any fund (or class), except as shown in the following table.
Fund | % |
Asia Opportunities | 5.3 |
Global Allocation | 2.7 |
Global Growth Stock | 3.3 |
Global High Income Bond FundI Class | 42.5 |
Global Industrials | 5.1 |
Global Stock | 1.3 |
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Fund | % |
Institutional Global Focused Growth Equity | 4.8 |
Maryland Short-Term Tax-Free Bond | 4.2 |
Summit Cash Reserves | 4.5 |
Summit Municipal Money Market | 2.8 |
Tax-Efficient Equity | 4.7 |
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As of March 31, 2016, the following shareholders of record owned more than 5% of the outstanding shares of the indicated funds and/or classes.
FUND |
| SHAREHOLDER |
| % |
AFRICA & MIDDLE EAST FUND |
| CHARLES SCHWAB & CO INC |
| 5.34 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
| 211 MAIN STREET |
| ||
| SAN FRANCISCO CA 94105-1905 |
| ||
|
| |||
| MLPF&S FOR THE SOLE BENEFIT OF | 5.10 | ||
| ITS CUSTOMERS |
| ||
| 4800 DEERLAKE DR E 3RD FL |
| ||
| JACKSONVILLE FL 32246-6484 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 7.83 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| 499 WASHINGTON BLVD FL 5 |
| ||
| JERSEY CITY NJ 07310-2010 |
| ||
ASIA OPPORTUNITIES FUND |
| T ROWE PRICE ASSOCIATES |
| 25.99(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
| 100 EAST PRATT ST |
| ||
| BALTIMORE MD 21202-1009 |
| ||
ASIA OPPORTUNITIES FUNDADVISOR CLASS |
| T ROWE PRICE ASSOCIATES |
| 96.93(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
BALANCED FUND |
| T ROWE PRICE TRUST CO INC |
| 33.60(b) |
| ATTN: TRPS INST CONTROL DEPT |
| ||
| PO BOX 17215 |
| ||
| BALTIMORE MD 21297-1215 |
| ||
BALANCED FUNDI CLASS |
| HERMAN & WALTER SAMUELSON |
| 19.59 |
| FOUNDATION INC |
| ||
| 409 WASHINGTON AVE STE 900 |
| ||
| TOWSON MD 21204-4905 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 64.80(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| WJY & CO | 7.43 | ||
| 235 - 6TH AVENUE SOUTH |
| ||
| CLINTON NATIONAL BANK TRUST DEPT |
| ||
| CLINTON IA 52732-4333 |
|
108
FUND |
| SHAREHOLDER |
| % |
BLUE CHIP GROWTH FUND |
| CHARLES SCHWAB & CO INC |
| 7.36 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| EDWARD D JONES & CO | 5.32 | ||
| SHAREHOLDER ACCOUNTING |
| ||
| ATTN MUTUAL FUND |
| ||
| 12555 MANCHESTER RD |
| ||
| SAINT LOUIS MO 63131-3729 |
| ||
|
| |||
| FIRST CLEARING LLC | 6.66 | ||
| SPECIAL CUSTODY ACCT FOR THE |
| ||
| EXCLUSIVE BENEFIT OF CUSTOMERS |
| ||
| 2801 MARKET ST |
| ||
| SAINT LOUIS MO 63103-2523 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 13.99 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE RET PLAN SVCS TR | 6.77 | ||
| BLUE CHIP GROWTH FUND |
| ||
| ATTN ASSET RECONCILATIONS |
| ||
| PO BOX 17215 |
| ||
| BALTIMORE MD 21297-1215 |
| ||
BLUE CHIP GROWTH FUNDADVISOR CLASS |
| CHARLES SCHWAB & CO INC |
| 19.49 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| GREAT-WEST TRUST CO. | 5.20 | ||
| FBO EMPLOYEE BENEFITS CLIENTS |
| ||
| ATTN MUTUAL FUND TRADING 2T2 |
| ||
| 8515 E ORCHARD RD |
| ||
| ENGLEWOOD CO 80111-5002 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 15.76 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
|
109
FUND |
| SHAREHOLDER |
| % |
BLUE CHIP GROWTH FUNDI CLASS |
| MARIL & CO FBO NG |
| 45.91(c) |
| C/O BMO HARRIS BANK NA ATTN MF |
| ||
| 480 PILGRIM WAY SUITE 1000 |
| ||
| GREEN BAY WI 54304-5280 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 19.37 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| SEI PRIVATE TRUST COMPANY | 6.38 | ||
| ATTN MUTUAL FUND ADMINISTRATOR |
| ||
| C/O SECURIAN TRUST COMPANY |
| ||
| ONE FREEDOM VALLEY DR |
| ||
| OAKS PA 19456-9989 |
| ||
BLUE CHIP GROWTH FUNDR CLASS |
| DCGT AS TTEE AND/OR CUST |
| 7.63 |
| ATTN NPIO TRADE DESK |
| ||
| FBO PLIC VARIOUS RETIREMENT PLANS |
| ||
| OMNIBUS |
| ||
| 711 HIGH ST |
| ||
| DES MOINES IA 50392-0001 |
| ||
|
| |||
| NATIONWIDE LIFE INSURANCE COMPANY | 5.83 | ||
| NACO |
| ||
| C/O IPO PORTFOLIO ACCOUNTING |
| ||
| PO BOX 182029 |
| ||
| COLUMBUS OH 43218-2029 |
| ||
|
| |||
| NFS LLC FEBO | 6.52 | ||
| STATE STREET BANK TRUST CO |
| ||
| TTEE VARIOUS RETIREMENT PLANS |
| ||
| 440 MAMARONECK AVE |
| ||
| HARRISON NY 10528-2418 |
| ||
|
| |||
| STATE STREET BANK AND TRUST AS | 19.43 | ||
| TRUSTEE AND/OR CUSTODIAN |
| ||
| FBO ADP ACCESS PRODUCT |
| ||
| 1 LINCOLN ST |
| ||
| BOSTON MA 02111-2901 |
| ||
CALIFORNIA TAX-FREE BOND FUND |
| CHARLES SCHWAB & CO INC |
| 8.72 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 10.96 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
|
110
FUND |
| SHAREHOLDER |
| % |
CAPITAL APPRECIATION FUND |
| CHARLES SCHWAB & CO INC |
| 11.48 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 11.47 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 6.73 | ||
| 1 PERSHING PLZ |
| ||
| JERSEY CITY NJ 07399-0002 |
| ||
CAPITAL APPRECIATION FUNDADVISOR CLASS |
| AMERITAS LIFE INSURANCE CORP |
| 5.42 |
| SEPARATE ACCOUNT G |
| ||
| 5900 O STREET |
| ||
| LINCOLN NE 68510-2234 |
| ||
|
| |||
| CHARLES SCHWAB & CO INC | 31.69(c) | ||
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 24.50 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
|
111
FUND |
| SHAREHOLDER |
| % |
CAPITAL APPRECIATION FUNDI CLASS |
| BANK OF ANN ARBOR 0 |
| 9.74 |
| 125 S FIFTH AVENUE |
| ||
| P O BOX 8009 |
| ||
| ANN ARBOR MI 48107-8009 |
| ||
|
| |||
| GERSTNER FAMILY FOUNDATION | 5.65 | ||
| 20 OLD POST RD |
| ||
| ARMONK NY 10504-1314 |
| ||
|
| |||
| LOUIS V. GERSTNER JR. | 7.60 | ||
|
| |||
| MERCER TRUST COMPANY TTEE | 7.06 | ||
| ATTN DC PLAN ADMIN MS N-1-H |
| ||
| FBO THE PENN MUTUAL AGENTS |
| ||
| RETIREMENT PLAN |
| ||
|
| |||
| MERCER TRUST COMPANY TTEE | 17.86 | ||
| ATTN DC PLAN ADMIN MS N-1-H |
| ||
| FBO THE PENN MUTUAL |
| ||
| RETIREMENT AND SAVINGS PLAN |
| ||
|
| |||
| MERCER TRUST COMPANY TTEE FBO | 5.85 | ||
| THE PENN MUTUAL AGENTS 401K PLAN |
| ||
| ATTN DC PLAN ADMIN MS N-1-H |
| ||
| 1 INVESTORS WAY |
| ||
| NORWOOD MA 02062-1599 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 9.58 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| TD AMERITRADE INC FBO | 27.36(c) | ||
| OUR CUSTOMERS |
| ||
| PO BOX 2226 |
| ||
| OMAHA NE 68103-2226 |
|
112
FUND |
| SHAREHOLDER |
| % |
CAPITAL OPPORTUNITY FUND |
| MAC & CO |
| 11.79 |
| ATTN MUTUAL FUND OPERATIONS |
| ||
| PO BOX 3198 |
| ||
| 525 WILLIAM PENN PLACE |
| ||
| PITTSBURGH PA 15230-3198 |
| ||
|
| |||
| MCWOOD & CO | 13.65 | ||
| PO BOX 29522 |
| ||
| RALEIGH NC 27626-0522 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 12.76 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 5.70 | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
CAPITAL OPPORTUNITY FUNDADVISOR CLASS |
| CHARLES SCHWAB & CO INC |
| 15.68 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| FIIOC AS AGENT FBO | 27.86(c) | ||
| SHEPHERD ELECTRIC COMPANY INC |
| ||
| 401K AND PROFIT SHARING PLAN |
| ||
| 100 MAGELLAN WAY # KW1C |
| ||
| COVINGTON KY 41015-1987 |
| ||
|
| |||
| RELIANCE TRUST COMPANY FBO | 29.10(c) | ||
| RETIREMENT PLANS SERVICED BY METLIFE |
| ||
| C/O FASCORE LLC |
| ||
| 8515 E ORCHARD RD 2T2 |
| ||
| GREENWOOD VLG CO 80111-5002 |
|
113
FUND |
| SHAREHOLDER |
| % |
CAPITAL OPPORTUNITY FUNDR CLASS |
| CAPITAL BANK & TRUST COMPANY TTEE F |
| 16.94 |
| MACHINERY SYSTEMS INC EMPLOYEES PSP |
| ||
| 8515 E ORCHARD RD 2T2 |
| ||
| GREENWOOD VLG CO 80111-5002 |
| ||
|
| |||
| CAPITAL BANK & TRUST COMPANY TTEE F | 17.50 | ||
| JEFF WYLER AUTO FAMILY INC RSP 401K |
| ||
|
| |||
| NATIONWIDE TRUST COMPANY FSB | 19.34 | ||
| C/O IPO PORTFOLIO ACCTG |
| ||
| PO BOX 182029 |
| ||
| COLUMBUS OH 43218-2029 |
| ||
|
| |||
| NFS LLC FEBO | 6.02 | ||
| RELIANCE TRUST CO TTEE/CUST |
| ||
| FOR TRS FBO VARIOUS RET PLANS |
| ||
| 1150 S OLIVE ST |
| ||
| LOS ANGELES CA 90015-2211 |
| ||
|
| |||
| RELIANCE TRUST CO., CUSTODIAN | 5.13 | ||
| FBO MASSMUTUAL OMNIBUS PPL/SMF |
| ||
| PO BOX 48529 |
| ||
| ATLANTA GA 30362-1529 |
| ||
CORPORATE INCOME FUND |
| SPECTRUM INCOME FUND |
| 45.73(d) |
| T. ROWE PRICE ASSOCIATES |
| ||
| ATTN: FUND ACCOUNTING DEPT |
| ||
CORPORATE INCOME FUNDI CLASS |
| CHARLES A MORRIS |
| 80.05(c) |
| ELISE D MORRIS JT TEN T O D |
| ||
| 3 LAURELFORD CT |
| ||
| COCKEYSVILLE MD 21030-2236 |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 19.95 | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
CREDIT OPPORTUNITIES FUND |
| T ROWE PRICE ASSOCIATES |
| 58.75(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
CREDIT OPPORTUNITIES FUNDADVISOR CLASS |
| CHARLES SCHWAB & CO INC |
| 20.04 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 79.96(a) | ||
| ATTN FINANCIAL REPORTING DEPT |
|
114
FUND |
| SHAREHOLDER |
| % |
DIVERSIFIED MID-CAP GROWTH FUND |
| PERSHING LLC |
| 5.65 |
DIVIDEND GROWTH FUND |
| EDWARD D JONES & CO |
| 11.25 |
| SHAREHOLDER ACCOUNTING |
| ||
| ATTN MUTUAL FUND |
| ||
|
| |||
| MLPF&S FOR THE SOLE BENEFIT OF | 9.65 | ||
| ITS CUSTOMERS |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 23.31 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
DIVIDEND GROWTH FUNDADVISOR CLASS |
| CHARLES SCHWAB & CO INC |
| 10.68 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| MORGAN STANLEY SMITH BARNEY | 5.43 | ||
| HARBORSIDE FINANCIAL CENTER |
| ||
| PLAZA 2 |
| ||
| 3RD FLOOR |
| ||
| JERSEY CITY NJ 07311 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 54.51(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
DIVIDEND GROWTH FUNDI CLASS |
| CHARLES A MORRIS |
| 39.89(c) |
| ELISE D MORRIS JT TEN T O D |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 54.79(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
EMERGING EUROPE FUND |
| NATIONAL FINANCIAL SERVICES LLC |
| 6.83 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
|
115
FUND |
| SHAREHOLDER |
| % |
EMERGING MARKETS BOND FUND |
| RETIREMENT PORTFOLIO 2010 |
| 5.14 |
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2015 | 7.61 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2020 | 17.05 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2025 | 10.62 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2030 | 11.20 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| SPECTRUM INCOME FUND | 11.19 | ||
| T. ROWE PRICE ASSOCIATES |
| ||
| ATTN: FUND ACCOUNTING DEPT |
| ||
EMERGING MARKETS BOND FUNDADVISOR CLASS |
| PERSHING LLC |
| 14.29 |
|
| |||
| T ROWE PRICE ASSOCIATES | 85.71(a) | ||
| ATTN FINANCIAL REPORTING DEPT |
|
116
FUND |
| SHAREHOLDER |
| % |
EMERGING MARKETS BOND FUNDI CLASS |
| RETIREMENT I 2020 FUND |
| 13.00 |
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT I 2025 FUND | 6.28 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT I 2030 FUND | 9.43 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| TARGET 2015 FUND | 8.09 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING |
| ||
|
| |||
| TARGET 2020 FUND | 9.00 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING |
| ||
|
| |||
| TARGET 2025 FUND | 6.39 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING |
| ||
|
| |||
| TARGET 2030 FUND | 6.31 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING |
| ||
EMERGING MARKETS CORPORATE BOND FUND |
| MCWOOD & CO |
| 38.60(c) |
|
| |||
| T ROWE PRICE ASSOCIATES | 27.12(a) | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
|
| |||
| TD AMERITRADE INC FBO | 6.03 | ||
| OUR CUSTOMERS |
|
117
FUND |
| SHAREHOLDER |
| % |
EMERGING MARKETS CORPORATE BOND FUNDADVISOR |
| CHARLES SCHWAB & CO INC |
| 16.50 |
CLASS | REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| MLPF&S FOR THE SOLE BENEFIT OF | 12.65 | ||
| ITS CUSTOMERS |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 8.55 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 14.12 | ||
|
| |||
| T ROWE PRICE ASSOCIATES | 32.06(a) | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
|
| |||
| TD AMERITRADE INC FBO | 16.12 | ||
| OUR CUSTOMERS |
| ||
EMERGING MARKETS CORPORATE BOND FUNDI CLASS |
| CHARLES A MORRIS |
| 80.16(c) |
| ELISE D MORRIS JT TEN T O D |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 19.84 | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
EMERGING MARKETS CORPORATE MULTI-SECTOR |
| CBE OF NEW BRUNSWICK |
| 45.02(c) |
ACCOUNT PORTFOLIO | EM BOND MAP |
| ||
| 440 KING ST STE 680 |
| ||
| FREDERICTON NB E3B 5H8 |
| ||
| CANADA |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 46.42(a) | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
EMERGING MARKETS LOCAL CURRENCY BOND FUND |
| SPECTRUM INCOME FUND |
| 81.06(d) |
| T. ROWE PRICE ASSOCIATES |
| ||
| ATTN: FUND ACCOUNTING DEPT |
| ||
EMERGING MARKETS LOCAL CURRENCY BOND FUND |
| CHARLES SCHWAB & CO INC |
| 14.74 |
ADVISOR CLASS | REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 82.73(a) | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
EMERGING MARKETS LOCAL CURRENCY BOND FUNDI |
| NATIONAL FINANCIAL SERVICES |
| 6.06 |
CLASS | FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 17.31 | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
|
| |||
| TD AMERITRADE INC FBO | 76.63(c) | ||
| OUR CUSTOMERS |
|
118
FUND |
| SHAREHOLDER |
| % |
EMERGING MARKETS LOCAL MULTI-SECTOR ACCOUNT |
| CBE OF NEW BRUNSWICK |
| 59.31(c) |
PORTFOLIO | EM LOCAL MAP |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 38.06(a) | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
EMERGING MARKETS STOCK FUND |
| NATIONAL FINANCIAL SERVICES |
| 7.41 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2040 | 10.08 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2020 | 10.50 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2025 | 8.90 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2030 | 12.77 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2035 | 7.72 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
EMERGING MARKETS STOCK FUNDI CLASS |
| NATIONAL FINANCIAL SERVICES LLC |
| 76.46(c) |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN:MUTUAL FUNDS DEPT, 4TH FLOOR |
| ||
EMERGING MARKETS VALUE STOCK FUND |
| T ROWE PRICE ASSOCIATES |
| 45.38(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
EMERGING MARKETS VALUE STOCK FUNDADVISOR CLASS |
| T ROWE PRICE ASSOCIATES |
| 96.22(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
EQUITY INCOME FUND |
| EDWARD D JONES & CO |
| 8.21 |
| SHAREHOLDER ACCOUNTING |
| ||
| ATTN MUTUAL FUND |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 8.36 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE TRUST CO INC | 8.76 | ||
| ATTN: TRPS INST CONTROL DEPT |
|
119
FUND |
| SHAREHOLDER |
| % |
EQUITY INCOME FUNDADVISOR CLASS |
| CHARLES SCHWAB & CO INC |
| 6.09 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 49.19(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| WELLS FARGO BANK FBO | 5.44 | ||
| VARIOUS RETIREMENT PLANS |
| ||
| 1525 WEST WT HARRIS BLVD |
| ||
| CHARLOTTE NC 28288-0001 |
| ||
EQUITY INCOME FUNDI CLASS |
| MERCER TRUST COMPANY TTEE |
| 8.54 |
| ATTN DC PLAN ADMIN MS N2D |
| ||
| FBO STRUCTURETONE ORGANIZATION 401(K) |
| ||
| PROFIT SHARING PLAN |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 13.39 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT 4TH FL |
| ||
|
| |||
| PERSHING LLC | 9.96 | ||
|
| |||
| TD AMERITRADE INC FBO | 31.38(c) | ||
| OUR CUSTOMERS |
|
120
FUND |
| SHAREHOLDER |
| % |
EQUITY INCOME FUNDR CLASS |
| AMERICAN UNITED LIFE |
| 6.41 |
| AMERICAN UNIT TRUST |
| ||
| ATTN SEPARATE ACCOUNTS |
| ||
| PO BOX 368 |
| ||
| INDIANAPOLIS IN 46206-0368 |
| ||
|
| |||
| AMERICAN UNITED LIFE | 18.28 | ||
| SEPARATE ACCOUNT II |
| ||
| ATTN SEPARATE ACCOUNTS |
| ||
|
| |||
| DCGT AS TTEE AND/OR CUST | 8.27 | ||
| ATTN NPIO TRADE DESK |
| ||
| FBO PLIC VARIOUS RETIREMENT PLANS |
| ||
| OMNIBUS |
| ||
|
| |||
| HARTFORD LIFE INSURANCE CO | 11.12 | ||
| SEPARATE ACCOUNT |
| ||
| ATTN UIT OPERATIONS |
| ||
| PO BOX 2999 |
| ||
| HARTFORD CT 06104-2999 |
| ||
|
| |||
| NATIONWIDE TRUST COMPANY FSB | 5.91 | ||
| C/O IPO PORTFOLIO ACCTG |
|
121
FUND |
| SHAREHOLDER |
| % |
EQUITY INDEX 500 FUND |
| RETIREMENT PORTFOLIO 2010 |
| 5.41 |
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2040 | 5.00 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2015 | 8.49 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2020 | 18.27 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2025 | 11.24 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2030 | 12.03 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2035 | 5.07 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
|
122
FUND |
| SHAREHOLDER |
| % |
EQUITY INDEX 500 FUNDI CLASS |
| RETIREMENT I 2020 FUND |
| 16.75 |
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT I 2025 FUND | 8.02 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT I 2030 FUND | 12.11 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT I 2040 FUND | 5.35 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| TARGET 2015 FUND | 7.90 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING |
| ||
|
| |||
| TARGET 2020 FUND | 8.42 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING |
| ||
|
| |||
| TARGET 2025 FUND | 5.66 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING |
| ||
EUROPEAN STOCK FUND |
| CHARLES SCHWAB & CO INC |
| 12.89 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| COMMONFUND STRATEGIC SOLUTIONS | 6.24 | ||
| GLOBAL EQUITY LLC |
| ||
| ATTN: MIKE DEVANNY |
| ||
| 15 OLD DANBURY RD |
| ||
| WILTON CT 06897-2500 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 7.87 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 6.11 | ||
|
| |||
| SPECTRUM INTERNATIONAL FUND | 15.31 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN: FUND ACCOUNTING DEPT |
|
123
FUND |
| SHAREHOLDER |
| % |
EXTENDED EQUITY MARKET INDEX FUND |
| T ROWE PRICE TRUST CO INC |
| 6.44 |
| ATTN: TRPS INST CONTROL DEPT |
| ||
|
| |||
| TD AMERITRADE INC FBO | 6.21 | ||
| OUR CUSTOMERS |
| ||
FINANCIAL SERVICES FUND |
| NATIONAL FINANCIAL SERVICES |
| 5.01 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE SERVICES INC FBO | 5.54 | ||
| EDUCATION TRUST OF ALASKA |
| ||
| PORTFOLIO FUTURE TRENDS |
| ||
| ATTN DAWN WAGNER FIXED INCOME |
| ||
| 100 E PRATT ST 7TH FLOOR |
| ||
| BALTIMORE MD 21202-1009 |
| ||
|
| |||
| VANGUARD FIDUCIARY TRUST COMPANY | 5.44 | ||
| T ROWE PRICE RETAIL CLASS FUNDS |
| ||
| ATTN OUTSIDE FUNDS |
| ||
| PO BOX 2600 VM 613 |
| ||
| VALLEY FORGE PA 19482-2600 |
| ||
FLOATING RATE FUND |
| NATIONAL FINANCIAL SERVICES |
| 5.77 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 7.58 | ||
|
| |||
| SPECTRUM INCOME FUND | 44.95(d) | ||
| T. ROWE PRICE ASSOCIATES |
| ||
| ATTN: FUND ACCOUNTING DEPT |
| ||
FLOATING RATE FUNDADVISOR CLASS |
| CHARLES SCHWAB & CO INC |
| 6.97 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 66.82(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 14.46 | ||
|
| |||
| RBC CAPITAL MARKETS LLC | 5.57 | ||
| MUTUAL FUND OMNIBUS PROCESSING |
| ||
| ATTN MUTUAL FUND OPS MANAGER |
| ||
| 60 S 6TH ST # STREET-P08 |
| ||
| MINNEAPOLIS MN 55402-4413 |
|
124
FUND |
| SHAREHOLDER |
| % |
FLOATING RATE MULTI-SECTOR ACCOUNT PORTFOLIO |
| CBE OF NEW BRUNSWICK |
| 45.60(c) |
| FLOATING RATE MAP |
| ||
|
| |||
| ILLINOIS STUDENT ASSISTANCE COMMISSION | 5.19 | ||
| ATTN: KENT CUSTER |
| ||
| 1755 LAKE COOK RD |
| ||
| DEERFIELD IL 60015-5209 |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 44.80(a) | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
GEORGIA TAX-FREE BOND FUND |
| CHARLES SCHWAB & CO INC |
| 27.97(c) |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 16.75 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
GLOBAL ALLOCATION FUND |
| MORGAN STANLEY SMITH BARNEY |
| 10.07 |
| HARBORSIDE FINANCIAL CENTER |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 7.41 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 15.15 | ||
|
| |||
| T ROWE PRICE ASSOCIATES | 16.31 | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
|
| |||
| UBS WM USA | 5.16 | ||
| OMNI ACCOUNT M/F |
| ||
| ATTN: DEPARTMENT MANAGER |
| ||
| 1000 HARBOR BLVD 5TH FLOOR |
| ||
| WEEHAWKEN NJ 07086-6761 |
| ||
GLOBAL ALLOCATION FUNDADVISOR CLASS |
| CHARLES SCHWAB & CO INC |
| 16.59 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| LPL FINANCIAL | 16.42 | ||
| OMNIBUS CUSTOMER ACCOUNT |
| ||
| ATTN: MUTUAL FUND TRADING |
| ||
| 4707 EXECUTIVE DR |
| ||
| SAN DIEGO CA 92121-3091 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 39.91(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 19.71 |
125
FUND |
| SHAREHOLDER |
| % |
GLOBAL ALLOCATION FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
GLOBAL GROWTH STOCK FUND ADVISOR CLASS |
| CHARLES SCHWAB & CO INC |
| 10.44 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| MARK SMITH & GREGG DEVILBISS TTEE F | 32.20(c) | ||
| KENTNER SELLERS LLP PSP |
| ||
| C/O FASCORE LLC |
| ||
| 8515 E ORCHARD RD 2T2 |
| ||
| GREENWOOD VLG CO 80111-5002 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 10.51 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 10.36 | ||
|
| |||
| T ROWE PRICE ASSOCIATES | 33.85(a) | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
GLOBAL HIGH INCOME BOND FUND |
| T ROWE PRICE ASSOCIATES |
| 50.42(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
GLOBAL HIGH INCOME BOND FUNDADVISOR CLASS |
| LPL FINANCIAL SERVICES |
| 5.39 |
| 9785 TOWNE CENTRE DR |
| ||
| SAN DIEGO CA 92121-1968 |
| ||
|
| |||
| PERSHING LLC | 18.26 | ||
|
| |||
| T ROWE PRICE ASSOCIATES | 69.32(a) | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
GLOBAL HIGH INCOME BOND FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 42.06(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
|
| |||
| TRUSTEES OF T ROWE PRICE | 57.94(c) | ||
| U.S. RETIREMENT PROGRAM |
| ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
| P O BOX 89000 |
| ||
| BALTIMORE MD 21289-0001 |
| ||
GLOBAL INDUSTRIALS FUND |
| T ROWE PRICE ASSOCIATES |
| 42.55(a) |
| ATTN FINANCIAL REPORTING DEPT |
|
126
FUND |
| SHAREHOLDER |
| % |
GLOBAL MULTI-SECTOR BOND FUND |
| CHARLES SCHWAB & CO INC |
| 6.28 |
| SPECIAL CUSTODY A/C FBO CUSTOMERS |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 5.53 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| TD AMERITRADE INC FBO | 6.38 | ||
| OUR CUSTOMERS |
| ||
GLOBAL MULTI-SECTOR BOND FUNDADVISOR CLASS |
| CHARLES SCHWAB & CO INC |
| 13.77 |
| SPECIAL CUSTODY A/C FBO CUSTOMERS |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| LPL FINANCIAL | 14.04 | ||
| OMNIBUS CUSTOMER ACCOUNT |
| ||
| ATTN: MUTUAL FUND TRADING |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 42.67(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 23.21 | ||
GLOBAL MULTI-SECTOR BOND FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
GLOBAL REAL ESTATE FUND |
| CHARLES SCHWAB & CO INC |
| 13.58 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 5.38 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 7.05 | ||
|
| |||
| T ROWE PRICE ASSOCIATES | 5.61 | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
|
| |||
| TD AMERITRADE INC FBO | 10.51 | ||
| OUR CUSTOMERS |
|
127
FUND |
| SHAREHOLDER |
| % |
GLOBAL REAL ESTATE FUNDADVISOR CLASS |
| CHARLES SCHWAB & CO INC |
| 44.90(c) |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| GREAT-WEST LIFE & ANNUITY | 5.10 | ||
| FBO FUTURE FUNDS II |
| ||
| 8515 E ORCHARD RD 2T2 |
| ||
| GREENWOOD VLG CO 80111-5002 |
| ||
|
| |||
| GREAT-WEST TRUST CO. | 19.17 | ||
| EMPLOYEE BENEFITS CLIENTS 401K |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 11.10 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
GLOBAL STOCK FUND |
| JP MORGAN AS DIRECTED TRUSTEE FOR |
| 5.82 |
| ERNST & YOUNG DEFINED BENEFIT |
| ||
| RETIREMENT PLAN TRUST |
| ||
| ATTN: PHYLLIS MANCINI |
| ||
| 4 NEW YORK PLZ FL 15 |
| ||
| NEW YORK NY 10004-2413 |
| ||
|
| |||
| T ROWE PRICE RPS INC | 5.37 | ||
| OMNIBUS |
| ||
| PO BOX 17215 |
| ||
| BALTIMORE MD 21297-1215 |
| ||
GLOBAL STOCK FUNDADVISOR CLASS |
| CHARLES SCHWAB & CO INC |
| 18.55 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| FIIOC AS AGENT | 8.60 | ||
| FBO REDAPT SYSTEMS INC |
| ||
| 401K PSP |
| ||
|
| |||
| LPL FINANCIAL | 21.44 | ||
| OMNIBUS CUSTOMER ACCOUNT |
| ||
| ATTN: MUTUAL FUND TRADING |
| ||
|
| |||
| MORGAN STANLEY SMITH BARNEY | 24.70 | ||
| HARBORSIDE FINANCIAL CENTER |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 16.65 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
|
128
FUND |
| SHAREHOLDER |
| % |
GLOBAL TECHNOLOGY FUND |
| CHARLES SCHWAB & CO INC |
| 8.47 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| FIRST CLEARING LLC | 5.39 | ||
| SPECIAL CUSTODY ACCT FOR THE |
| ||
| EXCLUSIVE BENEFIT OF CUSTOMERS |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 9.59 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 6.80 | ||
GLOBAL UNCONSTRAINED BOND FUND |
| T ROWE PRICE ASSOCIATES |
| 66.45(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
GLOBAL UNCONSTRAINED BOND FUNDADVISOR CLASS |
| NATIONAL FINANCIAL SERVICES |
| 79.05(c) |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 17.27 | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
GLOBAL UNCONSTRAINED BOND FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 41.85(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
|
| |||
| TRUSTEES OF T ROWE PRICE | 58.15(c) | ||
| U.S. RETIREMENT PROGRAM |
| ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
GNMA FUND |
| SPECTRUM INCOME FUND |
| 36.03(d) |
| T. ROWE PRICE ASSOCIATES |
| ||
| ATTN: FUND ACCOUNTING DEPT |
| ||
GROWTH & INCOME FUND |
| T ROWE PRICE TRUST CO INC |
| 5.98 |
| ATTN: TRPS INST CONTROL DEPT |
|
129
FUND |
| SHAREHOLDER |
| % |
GROWTH STOCK FUND |
| CHARLES SCHWAB & CO INC |
| 5.00 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 7.06 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2040 | 9.12 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2020 | 5.11 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2025 | 5.72 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2030 | 9.71 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2035 | 6.58 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| T ROWE PRICE TRUST CO INC | 5.68 | ||
| ATTN: TRPS INST CONTROL DEPT |
| ||
GROWTH STOCK FUNDADVISOR CLASS |
| NATIONAL FINANCIAL SERVICES |
| 33.60(c) |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| VANTAGETRUST - NAV | 7.44 | ||
| C/O ICMA RETIREMENT CORPORATION |
| ||
| 777 NORTH CAPITOL STREET NE |
| ||
| WASHINGTON DC 20002-4239 |
|
130
FUND |
| SHAREHOLDER |
| % |
GROWTH STOCK FUNDI CLASS |
| CHARLES SCHWAB & CO INC |
| 23.75 |
| ATTN MUTUAL FUNDS |
| ||
| 101 MONTGOMERY ST |
| ||
| SAN FRANCISCO CA 94104-4151 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES LLC | 7.66 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN:MUTUAL FUNDS DEPT, 4TH FLOOR |
| ||
|
| |||
| PRUDENTIAL BANK & TRUST FSB TTEE | 7.90 | ||
| SAN FRANCISCO EMPLOYEE'S |
| ||
| RETIREMENT SYSTEM INVESTMENT |
| ||
| 280 TRUMBULL ST |
| ||
| HARTFORD CT 06103-3509 |
| ||
GROWTH STOCK FUNDR CLASS |
| DCGT AS TTEE AND/OR CUST |
| 5.23 |
| ATTN NPIO TRADE DESK |
| ||
| FBO PLIC VARIOUS RETIREMENT PLANS |
| ||
| OMNIBUS |
| ||
|
| |||
| HARTFORD LIFE INSURANCE CO | 7.05 | ||
| SEPARATE ACCOUNT |
| ||
| ATTN UIT OPERATIONS |
| ||
|
| |||
| STATE STREET BANK AND TRUST AS | 16.53 | ||
| TRUSTEE AND/OR CUSTODIAN |
| ||
| FBO ADP ACCESS PRODUCT |
| ||
|
| |||
| SUNTRUST BANK FBO | 7.86 | ||
| VARIOUS SUNTRUST OMNIBUS ACCOUNTS |
| ||
| 8515 E ORCHARD RD 2T2 |
| ||
| GREENWOOD VLG CO 80111-5002 |
| ||
|
| |||
| UMB BANK NA SFR | 7.43 | ||
| FBO FIDUCIARY FOR TAX DEFERRED |
| ||
| ACCOUNTS GROUP |
| ||
| 1 SW SECURITY BENEFIT PL |
| ||
| TOPEKA KS 66636-0001 |
|
131
FUND |
| SHAREHOLDER |
| % |
HEALTH SCIENCES FUND |
| CHARLES SCHWAB & CO INC |
| 6.30 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| JOHN HANCOCK LIFE | 8.33 | ||
| INSURANCE CO USA |
| ||
| RPS TRADING OPS ST-4 |
| ||
| 601 CONGRESS STREET |
| ||
| BOSTON MA 02210-2804 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 7.56 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
HEALTH SCIENCES FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
HIGH YIELD FUND |
| EDWARD D JONES & CO |
| 9.39 |
| SHAREHOLDER ACCOUNTING |
| ||
| ATTN MUTUAL FUND |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2020 | 9.62 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2025 | 5.96 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2030 | 6.27 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| SPECTRUM INCOME FUND | 12.43 | ||
| T. ROWE PRICE ASSOCIATES |
| ||
| ATTN: FUND ACCOUNTING DEPT |
| ||
HIGH YIELD FUNDADVISOR CLASS |
| PFPC INC AS AGENT FOR PFPC TRUST |
| 6.01 |
| FBO MORNINGSTAR WRAP PROGRAM |
| ||
| CUSTOMERS |
| ||
| 760 MOORE RD |
| ||
| KING OF PRUSSIA PA 19406-1212 |
| ||
|
| |||
| CHARLES SCHWAB & CO INC | 10.01 | ||
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 55.88(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 5.38 |
132
FUND |
| SHAREHOLDER |
| % |
HIGH YIELD FUNDI CLASS |
| NATIONAL FINANCIAL SERVICES LLC |
| 92.31(c) |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN:MUTUAL FUNDS DEPT, 4TH FLOOR |
| ||
HIGH YIELD MULTI-SECTOR ACCOUNT PORTFOLIO |
| BALTIMORE EQUITABLE INSURANCE |
| 11.18 |
| ATTN SHARON V WOODWARD |
| ||
| 100 N CHARLES ST |
| ||
| BALTIMORE MD 21201-3808 |
| ||
|
| |||
| ILLINOIS STUDENT ASSISTANCE | 20.99 | ||
| COMMISSION |
| ||
| ATTN: KENT CUSTER |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 67.83(a) | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
INFLATION PROTECTED BOND FUND |
| NATIONAL FINANCIAL SERVICES |
| 8.68 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| SPECTRUM INCOME FUND | 8.56 | ||
| T. ROWE PRICE ASSOCIATES |
| ||
| ATTN: FUND ACCOUNTING DEPT |
| ||
|
| |||
| T ROWE PRICE RPS INC | 6.07 | ||
| OMNIBUS ACCOUNT |
| ||
INFLATION PROTECTED BOND FUNDI CLASS |
| SEI PRIVATE TRUST COMPANY |
| 38.77(c) |
| ATTN MUTUAL FUND ADMIN |
| ||
| C/O MELLON BANK |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 61.23(a) | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
INSTITUTIONAL AFRICA & MIDDLE EAST FUND |
| NATIONAL FINANCIAL SERVICES LLC |
| 67.79(c) |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| NORTHERN TRUST AS CUSTODIAN FBO | 6.18 | ||
| JOHN E FETZER INSTITUTE |
| ||
| PO BOX 92956 |
| ||
| CHICAGO IL 60675-0001 |
| ||
|
| |||
| SEI PRIVATE TRUST COMPANY | 7.68 | ||
| ATTN MUTUAL FUND ADMIN |
| ||
| C/O MELLON BANK |
| ||
|
| |||
| UNIVERSITY OF ARKANSAS | 12.71 | ||
| FOUNDATION INC |
| ||
| 535 W RESEARCH CENTER BLVD STE 120 |
| ||
| FAYETTEVILLE AR 72701-6944 |
|
133
FUND |
| SHAREHOLDER |
| % |
INSTITUTIONAL CORE PLUS FUND |
| BAND & CO C/O US BANK NA |
| 5.76 |
| 1555 N RIVERCENTER DR STE 302 |
| ||
| MILWAUKEE WI 53212-3958 |
| ||
|
| |||
| JEANETTE STUMP & | 7.18 | ||
| JAMES CARNEY & HOWARD KLINE TRS |
| ||
| SPECIAL METALS CORPORATION RETIREE |
| ||
| BENEFIT TRUST |
| ||
| 60 BLVD OF THE ALLIES FL 5 |
| ||
| PITTSBURGH PA 15222-1209 |
| ||
|
| |||
| JP MORGAN CHASE BANK TRUSTEE FOR | 39.80(c) | ||
| THE STATE OF CALIFORNIA SAVINGS |
| ||
| PLUS PROGRAM |
| ||
| 4 NEW YORK PLZ FL 15 |
| ||
| NEW YORK NY 10004-2413 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 14.64 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| THE CHURCH FOUNDATION | 8.76 | ||
| EPISCOPAL DIOCESE OF PENNSYLVANIA |
| ||
| 3717 CHESTNUT ST APT 300 |
| ||
| PHILADELPHIA PA 19104-3168 |
| ||
INSTITUTIONAL CORE PLUS FUNDF CLASS |
| LPL FINANCIAL |
| 26.66(c) |
| OMNIBUS CUSTOMER ACCOUNT |
| ||
| ATTN: MUTUAL FUND TRADING |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 12.49 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| RAYMOND JAMES & ASSOC INC | 7.72 | ||
| FBO CARMELLA COPPOLA |
| ||
|
| |||
| RAYMOND JAMES & ASSOC INC | 24.80 | ||
| FBO THELMA J YUREK & |
| ||
| RICHARD A YUREK TTEE |
| ||
| THELMA J YUREK LIV TRUST |
| ||
|
| |||
| RAYMOND JAMES & ASSOC INC CSDN | 8.35 | ||
| FBO GLORIA H KEENAN IRA |
| ||
| RANDAL KEENAN OR |
| ||
| TIMOTHY KEENAN POA |
| ||
|
| |||
| RAYMOND JAMES & ASSOC INC CSDN | 10.34 | ||
| FBO KELLEY A ROPER IRA |
| ||
| LAUREN E BERGSTROM POA |
|
134
FUND |
| SHAREHOLDER |
| % |
INSTITUTIONAL CREDIT OPPORTUNITIES FUND |
| BOWMAN & CO |
| 9.40 |
| C/O T ROWE PRICE ASSOC |
| ||
| ATTN: HIGH YIELD FUND |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 88.52(a) | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
INSTITUTIONAL EMERGING MARKETS BOND FUND |
| CHARLES SCHWAB & CO INC |
| 19.51 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| LADYBIRD & CO | 30.63(d) | ||
| C/O T ROWE PRICE ASSOC |
| ||
| ATTN PERS STRATEGY INCOME FD |
| ||
|
| |||
| LADYBUG & CO | 26.24(d) | ||
| C/O T ROWE PRICE ASSOC |
| ||
| ATTN PERS STRATEGY BALANCED FD |
| ||
|
| |||
| LAKESIDE & CO | 10.70 | ||
| C/O T ROWE PRICE ASSOC |
| ||
| ATTN PERS STRATEGY GROWTH FUND |
| ||
INSTITUTIONAL EMERGING MARKETS EQUITY FUND |
| GOLDMAN SACHS & CO |
| 8.81 |
| EXCLUSIVE BENEFIT OF CUSTOMERS |
| ||
| 85 BROAD ST |
| ||
| NEW YORK NY 10004-2434 |
| ||
|
| |||
| LADYBUG & CO | 8.57 | ||
| C/O T ROWE PRICE ASSOC |
| ||
| ATTN PERS STRATEGY BALANCED FD |
| ||
|
| |||
| LAKESIDE & CO | 9.34 | ||
| C/O T ROWE PRICE ASSOC |
| ||
| ATTN PERS STRATEGY GROWTH FUND |
| ||
|
| |||
| MAC & CO | 7.70 | ||
| MUTUAL FUND OPS |
| ||
|
| |||
| MASSACHUSETTS MUTUAL LIFE | 6.08 | ||
| INSURANCE COMPANY |
| ||
| 1295 STATE ST MIP C105 |
| ||
| SPRINGFIELD MA 01111-0002 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 9.17 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| WELLS FARGO BANK NA FBO | 18.74 | ||
| OMNIBUS ACCOUNT CASH/CASH |
|
135
FUND |
| SHAREHOLDER |
| % |
INSTITUTIONAL FLOATING RATE FUND |
| CHARLES SCHWAB & CO INC |
| 9.81 |
| SPECIAL CUSTODY A/C FBO CUSTOMERS |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| DPERS - FLOATING RATE FUND ACCT | 11.15 | ||
| ATTN LINDA DREW |
| ||
| ASHFORD CONSULTING GROUP |
| ||
| 1 WALKERS MILL RD PO BOX 4644 |
| ||
| WILMINGTON DE 19807-4644 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES LLC | 9.36 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| TUNA & CO | 10.35 | ||
| C/O T ROWE PRICE ASSOC |
| ||
| ATTN NEW INCOME FUND |
| ||
|
| |||
| WELLS FARGO BANK NA FBO | 19.58 | ||
| OMNIBUS ACCOUNT CASH/CASH |
| ||
INSTITUTIONAL FLOATING RATE FUNDF CLASS |
| CHARLES SCHWAB & CO INC |
| 6.52 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 6.07 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| SAXON & CO | 13.22 | ||
|
| |||
| TD AMERITRADE INC FBO | 7.90 | ||
| OUR CUSTOMERS |
| ||
INSTITUTIONAL FRONTIER MARKETS EQUITY FUND |
| CHARLES SCHWAB & CO INC |
| 7.15 |
| SPECIAL CUSTODY A/C FBO CUSTOMERS |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| SEI PRIVATE TRUST COMPANY | 48.77(c) | ||
| ATTN MUTUAL FUNDS ADMIN |
| ||
| C/O CHOATE HALL & STEWART |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 42.84(a) | ||
| ATTN FINANCIAL REPORTING DEPT |
|
136
FUND |
| SHAREHOLDER |
| % |
INSTITUTIONAL GLOBAL FOCUSED GROWTH EQUITY FUND |
| NATIONAL FINANCIAL SERVICES |
| 10.34 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| NORTHERN TRUST AS CUSTODIAN FBO | 67.60(c) | ||
| HARRY & JEANETTE WEINBERG |
| ||
| FOUNDATION |
| ||
|
| |||
| TRUSTEES OF T ROWE PRICE | 22.07 | ||
| U.S. RETIREMENT PROGRAM |
| ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
INSTITUTIONAL GLOBAL GROWTH EQUITY FUND |
| CHARLES SCHWAB & CO INC |
| 17.27 |
| SPECIAL CUSTODY A/C FBO CUSTOMERS |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 38.81(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| NATIONAL MERIT SCHOLARSHIP | 6.10 | ||
| CORPORATION |
| ||
| 1560 SHERMAN AVENUE STE 200 |
| ||
| EVANSTON IL 60201-4816 |
| ||
|
| |||
| SAXON & CO | 10.95 | ||
| P O BOX 7780-1888 |
| ||
| PHILADELPHIA PA 19182-0001 |
| ||
|
| |||
| STATE STREET BANK AND TRUST AS | 12.68 | ||
| TTEE FOR MASTER TRUST FOR DEFINED |
| ||
| BENEFIT PLANS OF SYNGENTA CORP |
| ||
| 801 PENNSYLVANIA AVE |
| ||
| KANSAS CITY MO 64105-1307 |
|
137
FUND |
| SHAREHOLDER |
| % |
INSTITUTIONAL GLOBAL MULTI-SECTOR BOND FUND |
| JPMORGAN CHASE BANK, N. A. AS |
| 9.34 |
| CUSTODIAN FBO |
| ||
| 4 CHASE METROTECH CENTER, 6TH FLR |
| ||
| BROOKLYN NY 11245-0003 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 44.14(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| NORTHERN TRUST AS CUSTODIAN FBO | 26.11(c) | ||
| HARRY & JEANETTE WEINBERG |
| ||
| FOUNDATION |
| ||
|
| |||
| ST PAUL TEACHERS | 15.44 | ||
| RETIREMENT FUND ASSOCIATION |
| ||
| 1619 DAYTON AVE STE 309 |
| ||
| SAINT PAUL MN 55104-7640 |
| ||
INSTITUTIONAL GLOBAL VALUE EQUITY FUND |
| T ROWE PRICE ASSOCIATES |
| 92.09(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
|
| |||
| TRUSTEES OF T ROWE PRICE | 7.91 | ||
| U.S. RETIREMENT PROGRAM |
| ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
INSTITUTIONAL HIGH YIELD FUND |
| BREAD & CO |
| 8.62 |
| C/O T ROWE PRICE ASSOC |
| ||
| ATTN BALANCED FUND |
| ||
|
| |||
| GOLDMAN SACHS & CO | 11.14 | ||
| EXCLUSIVE BENEFIT OF CUSTOMERS |
| ||
|
| |||
| LADYBIRD & CO | 5.86 | ||
| C/O T ROWE PRICE ASSOC |
| ||
| ATTN PERS STRATEGY INCOME FD |
| ||
|
| |||
| LADYBUG & CO | 5.02 | ||
| C/O T ROWE PRICE ASSOC |
| ||
| ATTN PERS STRATEGY BALANCED FD |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 10.28 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| TUNA & CO | 24.39 | ||
| C/O T ROWE PRICE ASSOC |
| ||
| ATTN NEW INCOME FUND |
|
138
FUND |
| SHAREHOLDER |
| % |
INSTITUTIONAL INTERNATIONAL BOND FUND |
| LADYBIRD & CO |
| 25.84(d) |
| C/O T ROWE PRICE ASSOC |
| ||
| ATTN PERS STRATEGY INCOME FD |
| ||
|
| |||
| LADYBUG & CO | 22.08 | ||
| C/O T ROWE PRICE ASSOC |
| ||
| ATTN PERS STRATEGY BALANCED FD |
| ||
|
| |||
| LAKESIDE & CO | 8.87 | ||
| C/O T ROWE PRICE ASSOC |
| ||
| ATTN PERS STRATEGY GROWTH FUND |
| ||
|
| |||
| PERSHING LLC | 5.67 | ||
|
| |||
| TD AMERITRADE INC FBO | 25.44(c) | ||
| OUR CUSTOMERS |
| ||
INSTITUTIONAL INTERNATIONAL CONCENTRATED EQUITY |
| COLUMBIA TRUST PARTNERS |
| 11.64 |
FUND | PO BOX 1012 |
| ||
| SALEM OR 97308-1012 |
| ||
|
| |||
| NORTHERN TRUST AS CUSTODIAN FBO | 21.69 | ||
| HARRY & JEANETTE WEINBERG FOUNDATION |
| ||
|
| |||
| PERSHING LLC | 31.14(c) | ||
|
| |||
| T ROWE PRICE ASSOCIATES | 22.62 | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
INSTITUTIONAL INTERNATIONAL CORE EQUITY FUND |
| BREAD & CO |
| 5.15 |
| C/O T ROWE PRICE ASSOC |
| ||
| ATTN BALANCED FUND |
| ||
|
| |||
| DEKALB COUNTY PENSION PLAN | 66.60(c) | ||
| 1300 COMMERCE DRIVE 4TH FLOOR |
| ||
| DECATUR GA 30030-3222 |
| ||
|
| |||
| MAC & CO | 15.43 | ||
| ATTN MUTUAL FUND OPS |
| ||
|
| |||
| WELLS FARGO BANK NA FBO | 9.06 | ||
| NPPD FOREIGN EQUITY FUND |
|
139
FUND |
| SHAREHOLDER |
| % |
INSTITUTIONAL INTERNATIONAL GROWTH EQUITY FUND |
| BNA FOREIGN EQUITY FUND |
| 25.56(c) |
| ATTN MR ROBERT SHEW |
| ||
| 1801 S BELL ST |
| ||
| ARLINGTON VA 22202-4506 |
| ||
|
| |||
| BRICS & CO FBO | 19.41 | ||
| LINK BELT PENSION - T ROWE PRICE |
| ||
| 14201 NORTH DALLAS PARKWAY |
| ||
| 13TH FL TX1-J165 |
| ||
| DALLAS TX 75254-2916 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 23.36 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| SAXON & CO | 8.64 | ||
|
| |||
| THE CHURCH FOUNDATION | 16.32 | ||
| EPISCOPAL DIOCESE OF PENNSYLVANIA |
| ||
INSTITUTIONAL LARGE-CAP CORE GROWTH FUND |
| NATIONAL FINANCIAL SVCS CORP |
| 37.05(c) |
| FOR EXCLUSIVE BENEFIT OF OUR |
| ||
| CUSTOMERS |
| ||
| RUSS LENNON |
| ||
|
| |||
| VANGUARD FIDUCIARY TRUST COMPANY | 11.31 | ||
| T ROWE INSTITUTIONAL CLASS |
| ||
| ATTN OUTSIDE FUNDS/SCOTT GELLERT |
| ||
| PO BOX 2600 L-24 |
| ||
| VALLEY FORGE PA 19482-2600 |
| ||
INSTITUTIONAL LARGE-CAP GROWTH FUND |
| BANK OF AMERICA NA TRUSTEE FOR |
| 10.31 |
| THE BANK OF AMERICA 401K PLAN |
| ||
| 700 LOUISIANA ST |
| ||
| HOUSTON TX 77002-2700 |
| ||
|
| |||
| CHARLES SCHWAB & CO INC | 5.17 | ||
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| EDWARD D JONES & CO | 10.37 | ||
| FOR THE BENEFIT OF CUSTOMERS |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES LLC | 14.44 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
|
140
FUND |
| SHAREHOLDER |
| % |
INSTITUTIONAL LARGE-CAP VALUE FUND |
| CHARLES SCHWAB & CO INC |
| 7.21 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES LLC | 48.87(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| TIAA-CREF TRUST CO. FSB CUST/TTEE | 8.26 | ||
| FBO RETIREMENT PLANS FOR WHICH |
| ||
| TIAA ACTS AS RECORDKEEPER |
| ||
| ATTN: TRUST OPERATIONS |
| ||
| 211 N BROADWAY STE 1000 |
| ||
| SAINT LOUIS MO 63102-2748 |
| ||
INSTITUTIONAL LONG DURATION CREDIT FUND |
| BAND & CO C/O US BANK NA |
| 21.71 |
|
| |||
| INVESTMENT COMPANY INSTITUTE | 19.04 | ||
| ATTN: MARK DELCOCO |
| ||
| 1401 H ST NW STE 1200 |
| ||
| WASHINGTON DC 20005-2110 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 14.67 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 44.06(a) | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
INSTITUTIONAL SMALL-CAP STOCK FUND |
| NATIONAL FINANCIAL SERVICES LLC |
| 43.58(c) |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| NORTHERN TRUST COMPANY TR | 13.36 | ||
| FBO PFIZER SAVINGS AND |
| ||
| INVESTMENT PLAN DTD 01/01/98 |
| ||
| PO BOX 92994 |
| ||
| CHICAGO IL 60675-0001 |
| ||
|
| |||
| PIMS/PRUDENTIAL RETIREMENT | 6.18 | ||
| AS NOMINEE FOR THE TTEE/CUST PL 720 |
| ||
| MUFG UNION BANK, N.A. |
| ||
| 400 CALIFORNIA ST FL 10 |
| ||
| SAN FRANCISCO CA 94104-1318 |
| ||
|
| |||
| VANGUARD FIDUCIARY TRUST COMPANY | 19.79 | ||
| T ROWE INSTITUTIONAL CLASS |
| ||
| ATTN OUTSIDE FUNDS/SCOTT GELLERT |
|
141
FUND |
| SHAREHOLDER |
| % |
INSTITUTIONAL U.S. STRUCTURED RESEARCH FUND |
| CAPINCO C/O US BANK NA |
| 6.50 |
| 1555 N RIVERCENTER DR STE 302 |
| ||
| MILWAUKEE WI 53212-3958 |
| ||
|
| |||
| GREAT-WEST TRUST COMPANY LLC TTEE/C | 5.78 | ||
| FBO DEFINED BENEFIT PLANS |
| ||
| 8515 E ORCHARD RD 2T2 |
| ||
| GREENWOOD VLG CO 80111-5002 |
| ||
|
| |||
| JOHN HANCOCK TRUST COMPANY | 5.25 | ||
| 690 CANTON STREET |
| ||
| WESTWOOD MA 02090-2321 |
| ||
|
| |||
| MAC & CO | 6.13 | ||
| ATTN MUTUAL FUND OPS |
| ||
|
| |||
| MCWOOD & CO | 8.65 | ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 18.36 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| WELLS FARGO BANK FBO | 6.08 | ||
| VARIOUS RETIREMENT PLANS |
| ||
|
| |||
| WELLS FARGO BANK NA FBO | 10.57 | ||
| UCARE MINNESOTA 13145604 |
| ||
| PO BOX 1533 |
| ||
| MINNEAPOLIS MN 55480-1533 |
| ||
|
| |||
| WELLS FARGO BANK NA FBO | 14.11 | ||
| PHP-T ROWE PRIC INSTL STRUCTRD RSRC |
| ||
INTERMEDIATE TAX-FREE HIGH YIELD FUND |
| CHARLES SCHWAB & CO INC |
| 8.81 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 59.51(a) | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
|
| |||
| TD AMERITRADE INC FBO | 5.34 | ||
| OUR CUSTOMERS |
|
142
FUND |
| SHAREHOLDER |
| % |
INTERMEDIATE TAX-FREE HIGH YIELD FUNDADVISOR |
| CETERA INVESTMENT SVCS (FBO) |
| 12.14 |
CLASS | STEVEN G CAPLIN |
| ||
| 3699 RIMVIEW DR |
| ||
| SANTA CLARA UT 84765-5197 |
| ||
|
| |||
| LPL FINANCIAL | 36.82(c) | ||
| OMNIBUS CUSTOMER ACCOUNT |
| ||
| ATTN: MUTUAL FUND TRADING |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 7.20 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 40.06(a) | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
INTERNATIONAL BOND FUND |
| EDWARD D JONES & CO |
| 15.65 |
| SHAREHOLDER ACCOUNTING |
| ||
| ATTN MUTUAL FUND |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2015 | 6.30 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2020 | 14.06 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2025 | 8.79 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2030 | 9.23 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| SPECTRUM INCOME FUND | 11.57 | ||
| T. ROWE PRICE ASSOCIATES |
| ||
| ATTN: FUND ACCOUNTING DEPT |
|
143
FUND |
| SHAREHOLDER |
| % |
INTERNATIONAL BOND FUNDADVISOR CLASS |
| LPL FINANCIAL |
| 9.46 |
| OMNIBUS CUSTOMER ACCOUNT |
| ||
| ATTN: MUTUAL FUND TRADING |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 39.06(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 15.46 | ||
|
| |||
| VOYA INSTITUTIONAL TRUST COMPANY | 9.73 | ||
| 1 ORANGE WAY B3N |
| ||
| WINDSOR CT 06095-4774 |
| ||
INTERNATIONAL BOND FUNDI CLASS |
| RETIREMENT I 2020 FUND |
| 14.47 |
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT I 2025 FUND | 6.96 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT I 2030 FUND | 10.48 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| TARGET 2015 FUND | 9.17 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING |
| ||
|
| |||
| TARGET 2020 FUND | 10.18 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING |
| ||
|
| |||
| TARGET 2025 FUND | 7.26 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING |
| ||
|
| |||
| TARGET 2030 FUND | 7.11 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING |
|
144
FUND |
| SHAREHOLDER |
| % |
INTERNATIONAL CONCENTRATED EQUITY FUND |
| LPL FINANCIAL |
| 19.26 |
| OMNIBUS CUSTOMER ACCOUNT |
| ||
| ATTN: MUTUAL FUND TRADING |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 17.32 | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
|
| |||
| T ROWE PRICE TRUST CO | 5.41 | ||
| CUST FOR THE ROTH IRA OF |
| ||
| JAMES C DAWSON |
| ||
INTERNATIONAL CONCENTRATED EQUITY FUNDADVISOR |
| CHARLES SCHWAB & CO INC |
| 16.78 |
CLASS | REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| PERSHING LLC | 19.56 | ||
|
| |||
| T ROWE PRICE ASSOCIATES | 59.68(a) | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
INTERNATIONAL DISCOVERY FUND |
| CHARLES SCHWAB & CO |
| 10.88 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| EDWARD D JONES & CO | 10.32 | ||
| FOR THE BENEFIT OF CUSTOMERS |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 12.33 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 5.45 | ||
INTERNATIONAL DISCOVERY FUNDI CLASS |
| NATIONAL FINANCIAL SERVICES |
| 18.42 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| VANGUARD FIDUCIARY TRUST COMPANY | 55.04(c) | ||
| 401K CLIENTS |
| ||
| ATTN INVESTMENT SERVICES |
| ||
| PO BOX 2600 |
| ||
| VALLEY FORGE PA 19482-2600 |
| ||
INTERNATIONAL EQUITY INDEX FUND |
| MARYLAND COLLEGE INVESTMENT PLAN |
| 11.22 |
| GLOBAL EQUITY MARKET INDEX |
| ||
| ATTN FUND ACCOUNTING |
| ||
| 100 E PRATT ST FL 7 |
| ||
| BALTIMORE MD 21202-1009 |
| ||
|
| |||
| T ROWE PRICE RPS INC | 5.94 | ||
| OMNIBUS |
|
145
FUND |
| SHAREHOLDER |
| % |
INTERNATIONAL GROWTH & INCOME FUND |
| RETIREMENT PORTFOLIO 2040 |
| 12.48 |
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2020 | 13.13 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2025 | 11.02 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2030 | 15.89 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2035 | 9.57 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2045 | 5.99 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
INTERNATIONAL GROWTH & INCOME FUNDADVISOR |
| AMERICAN UNITED LIFE |
| 6.23 |
CLASS | AMERICAN UNIT INVESTMENT TRUST |
| ||
| ATTN SEPARATE ACCOUNTS |
| ||
|
| |||
| CHARLES SCHWAB & CO INC | 7.49 | ||
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 16.40 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 20.70 | ||
|
| |||
| STATE STREET BANK AND TRUST AS | 23.19 | ||
| TRUSTEE AND/OR CUSTODIAN |
| ||
| FBO ADP ACCESS PRODUCT |
|
146
FUND |
| SHAREHOLDER |
| % |
INTERNATIONAL GROWTH & INCOME FUNDI CLASS |
| RETIREMENT I 2020 FUND |
| 8.92 |
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT I 2025 FUND | 5.80 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT I 2030 FUND | 11.91 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT I 2040 FUND | 9.88 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| TD AMERITRADE INC FBO | 9.57 | ||
| OUR CUSTOMERS |
| ||
INTERNATIONAL GROWTH & INCOME FUNDR CLASS |
| AMERICAN UNITED LIFE |
| 12.10 |
| SEPARATE ACCOUNT II |
| ||
| ATTN SEPARATE ACCOUNTS |
| ||
|
| |||
| DCGT AS TTEE AND/OR CUST | 9.16 | ||
| ATTN NPIO TRADE DESK |
| ||
| FBO PLIC VARIOUS RETIREMENT PLANS |
| ||
| OMNIBUS |
| ||
|
| |||
| EMJAY CORPORATION CUSTODIAN FBO | 6.86 | ||
| PLANS OF GREAT WEST FINANCIAL |
| ||
| 8515 E ORCHARD RD 2T2 |
| ||
| GREENWOOD VLG CO 80111-5002 |
| ||
|
| |||
| STATE STREET BANK AND TRUST AS | 42.27(c) | ||
| TRUSTEE AND/OR CUSTODIAN |
| ||
| FBO ADP ACCESS PRODUCT |
|
147
FUND |
| SHAREHOLDER |
| % |
INTERNATIONAL STOCK FUND |
| EDWARD D JONES & CO |
| 10.22 |
| FOR THE BENEFIT OF CUSTOMERS |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2040 | 9.30 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2020 | 9.75 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2025 | 8.21 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2030 | 11.85 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2035 | 7.12 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
INTERNATIONAL STOCK FUNDADVISOR CLASS |
| NATIONAL FINANCIAL SERVICES |
| 95.99(c) |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
INTERNATIONAL STOCK FUNDI CLASS |
| RETIREMENT I 2020 FUND |
| 9.65 |
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT I 2025 FUND | 6.28 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT I 2030 FUND | 12.93 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT I 2040 FUND | 10.70 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
|
148
FUND |
| SHAREHOLDER |
| % |
INTERNATIONAL STOCK FUNDR CLASS |
| AMERICAN UNITED LIFE |
| 6.02 |
| AMERICAN UNIT TRUST |
| ||
| ATTN SEPARATE ACCOUNTS |
| ||
|
| |||
| AMERICAN UNITED LIFE | 25.78(c) | ||
| SEPARATE ACCOUNT II |
| ||
| ATTN SEPARATE ACCOUNTS |
| ||
|
| |||
| AXA EQUITABLE FOR SA NO 65 | 5.38 | ||
| 500 PLAZA DR FL 7 |
| ||
| SECAUCUS NJ 07094-3619 |
| ||
|
| |||
| CAPITAL BANK & TRUST COMPANY TTEE | 10.58 | ||
| PATTCO LLC 401K |
| ||
| C/O FASCORE LLC |
| ||
|
| |||
| DCGT AS TTEE AND/OR CUST | 14.93 | ||
| ATTN NPIO TRADE DESK |
| ||
| FBO PLIC VARIOUS RETIREMENT PLANS |
| ||
| OMNIBUS |
| ||
|
| |||
| NATIONWIDE TRUST COMPANY FSB | 7.98 | ||
| C/O IPO PORTFOLIO ACCTG |
| ||
INVESTMENT-GRADE CORPORATE MULTI-SECTOR |
| ALLEN & COMPANY |
| 18.77 |
ACCOUNT PORTFOLIO | 711 5TH AVE FL 9 |
| ||
| NEW YORK NY 10022-3168 |
| ||
|
| |||
| BALTIMORE EQUITABLE INSURANCE | 17.04 | ||
| ATTN SHARON V WOODWARD |
| ||
|
| |||
| CBE OF NEW BRUNSWICK | 13.67 | ||
| IG CORPORATE MAP |
| ||
|
| |||
| ILLINOIS STUDENT ASSISTANCE COMMISSION | 32.20(c) | ||
| ATTN: KENT CUSTER |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 18.31 | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
JAPAN FUND |
| CHARLES SCHWAB & CO INC |
| 5.51 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| MORGAN STANLEY SMITH BARNEY | 19.65 | ||
| HARBORSIDE FINANCIAL CENTER |
| ||
|
| |||
| SPECTRUM INTERNATIONAL FUND | 24.32 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN: FUND ACCOUNTING DEPT |
|
149
FUND |
| SHAREHOLDER |
| % |
LATIN AMERICA FUND |
| CHARLES SCHWAB & CO INC |
| 6.41 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 5.10 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 7.21 | ||
LIMITED DURATION INFLATION FOCUSED BOND FUND |
| RETIREMENT INCOME PORTFOLIO |
| 12.54 |
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2010 | 12.30 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2015 | 14.72 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2020 | 22.71 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2025 | 8.79 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2030 | 5.00 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
MARYLAND SHORT-TERM TAX-FREE BOND FUND |
| CHARLES SCHWAB & CO INC |
| 9.82 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| PERSHING LLC | 6.16 | ||
MARYLAND TAX-FREE BOND FUND |
| CHARLES SCHWAB & CO INC |
| 7.55 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 5.06 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
MARYLAND TAX-FREE MONEY FUND |
| KEITH A. LEE |
| 8.70 |
|
| |||
| WARREN S TEITELBAUM TR | 7.62 | ||
| THE WARREN S TEITELBAUM REV TRUST |
|
150
FUND |
| SHAREHOLDER |
| % |
MEDIA & TELECOMMUNICATIONS FUND |
| CHARLES SCHWAB & CO INC |
| 5.80 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 5.83 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE TRUST CO INC | 6.67 | ||
| MEDIA & TELECOMMUNICATION FUND |
| ||
MEDIA & TELECOMMUNICATIONS FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
MID-CAP GROWTH FUND |
| CHARLES SCHWAB & CO INC |
| 6.82 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERV CORP | 13.14 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE TRUST CO | 12.97 | ||
| ATTN: ASSET RECONCILIATIONS |
| ||
MID-CAP GROWTH FUNDADVISOR CLASS |
| ING NATIONAL TRUST AS TRUSTEE FOR |
| 10.91 |
| THE ADP TOTALSOURCE RETIREMENT |
| ||
| SAVINGS PLAN |
| ||
| 30 BRAINTREE HILL OFFICE PARK |
| ||
| BRAINTREE MA 02184-8747 |
| ||
|
| |||
| MORGAN STANLEY SMITH BARNEY | 10.13 | ||
| HARBORSIDE FINANCIAL CENTER |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 26.81(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| NATIONWIDE TRUST COMPANY FSB | 9.26 | ||
| FBO PARTICIPATING RETIREMENT PLANS |
| ||
| C/O IPO PORTFOLIO ACCTG |
|
151
FUND |
| SHAREHOLDER |
| % |
MID-CAP GROWTH FUNDI CLASS |
| CHARLES SCHWAB & CO INC |
| 33.40(c) |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| FIRST NATIONAL TRUST COMPANY | 5.14 | ||
| 532 MAIN STREET SUITE 7 |
| ||
| JOHNSTOWN PA 15901-2093 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES LLC | 19.58 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN:MUTUAL FUNDS DEPT, 4TH FLOOR |
| ||
MID-CAP GROWTH FUNDR CLASS |
| AMERICAN UNITED LIFE |
| 14.24 |
| SEPARATE ACCOUNT II |
| ||
| ATTN SEPARATE ACCOUNTS |
| ||
|
| |||
| LINCOLN RETIREMENT SERVICES COMPANY | 7.97 | ||
| FBO VITAS HEALTHCARE CORPORATION 40 |
| ||
| PO BOX 7876 |
| ||
| FORT WAYNE IN 46801-7876 |
| ||
|
| |||
| NATIONWIDE TRUST COMPANY FSB | 14.46 | ||
| C/O IPO PORTFOLIO ACCTG |
| ||
|
| |||
| SUNTRUST BANK FBO | 11.85 | ||
| VARIOUS SUNTRUST OMNIBUS ACCOUNTS |
| ||
|
| |||
| VOYA RETIREMENT INS & ANNUITY CO | 10.71 | ||
| 1 ORANGE WAY B3N |
| ||
| WINDSOR CT 06095-4774 |
| ||
MID-CAP INDEX FUND |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
MID-CAP INDEX FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
MID-CAP VALUE FUND |
| NATIONAL FINANCIAL SERVICES |
| 8.60 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2040 | 5.44 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2020 | 5.51 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2030 | 6.71 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
|
152
FUND |
| SHAREHOLDER |
| % |
MID-CAP VALUE FUNDADVISOR CLASS |
| NATIONAL FINANCIAL SERVICES |
| 45.30(c) |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| SAXON & CO | 5.21 | ||
MID-CAP VALUE FUNDI CLASS |
| MARIL & CO FBO NG |
| 16.13 |
| C/O BMO HARRIS NA ATTN MF |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES LLC | 28.19(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN:MUTUAL FUNDS DEPT, 4TH FLOOR |
| ||
MID-CAP VALUE FUNDR CLASS |
| NATIONWIDE TRUST COMPANY FSB |
| 20.55 |
| C/O IPO PORTFOLIO ACCTG |
| ||
|
| |||
| STATE STREET BANK AND TRUST AS | 40.66(c) | ||
| TRUSTEE AND/OR CUSTODIAN |
| ||
| FBO ADP ACCESS PRODUCT |
| ||
|
| |||
| VOYA RETIREMENT INS & ANNUITY CO | 7.42 | ||
MORTGAGE-BACKED SECURITIES MULTI-SECTOR ACCOUNT |
| ALLEN & COMPANY |
| 15.02 |
PORTFOLIO |
| |||
| BALTIMORE EQUITABLE INSURANCE | 13.33 | ||
| ATTN SHARON V WOODWARD |
| ||
|
| |||
| ILLINOIS STUDENT ASSISTANCE | 25.12(c) | ||
| COMMISSION |
| ||
| ATTN: KENT CUSTER |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 12.16 | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
|
| |||
| XCEL ENERGY INC. | 34.37(c) | ||
| ATTN: GREG ZICK |
| ||
| 414 NICOLLET MALL |
| ||
| MINNEAPOLIS MN 55401-1993 |
| ||
NEW AMERICA GROWTH FUND |
| CHARLES SCHWAB & CO INC |
| 10.63 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 19.50 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE TRUST CO | 6.90 | ||
| ATTN TRPS INST CONTROL DEPT |
|
153
FUND |
| SHAREHOLDER |
| % |
NEW AMERICA GROWTH FUNDADVISOR CLASS |
| CHARLES SCHWAB & CO INC |
| 15.13 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 18.67 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| SANTA BARBARA CNTY TREAS TX COLL TT | 5.25 | ||
| FBO SANTA BARBARA COUNTY DCP |
| ||
| C/O FASCORE LLC |
| ||
| 8515 E ORCHARD RD 2T2 |
| ||
| GREENWOOD VLG CO 80111-5002 |
| ||
|
| |||
| VRSCO | 13.25 | ||
| FBO AIGFSB CUST TTEE FBO |
| ||
| WAKEMED RET SAV PLAN 403B |
| ||
| 2929 ALLEN PKWY STE A6-20 |
| ||
| HOUSTON TX 77019-7117 |
| ||
NEW AMERICA GROWTH FUNDI CLASS |
| MATRIX TRUST CO AS TTEE FBO |
| 10.25 |
| NORTH STAR UTILITIES GROUP 401K |
| ||
| PO BOX 52129 |
| ||
| PHOENIX AZ 85072-2129 |
| ||
|
| |||
| SECTRUS | 66.32(c) | ||
| 37 S RIVER ST |
| ||
| AURORA IL 60506-4173 |
| ||
|
| |||
| TD AMERITRADE TRUST COMPANY | 15.18 | ||
| ATTN HOUSE |
| ||
| PO BOX 17748 |
| ||
| DENVER CO 80217-0748 |
| ||
NEW ASIA FUND |
| CHARLES SCHWAB & CO INC |
| 7.02 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 9.84 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| SPECTRUM INTERNATIONAL FUND | 5.20 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN: FUND ACCOUNTING DEPT |
|
154
FUND |
| SHAREHOLDER |
| % |
NEW ASIA FUNDI CLASS |
| CHARLES A MORRIS |
| 42.46(c) |
| ELISE D MORRIS JT TEN T O D |
| ||
|
| |||
| GEORGE K MOSS | 8.35 | ||
| JOYCE L MOSS JT WROS |
| ||
| 435 E 52ND ST |
| ||
| NEW YORK NY 10022-6445 |
| ||
|
| |||
| SEI PRIVATE TRUST COMPANY | 11.28 | ||
| ATTN MUTUAL FUND ADMINISTRATOR |
| ||
| C/O GLENS FALLS BANK |
| ||
|
| |||
| SEI PRIVATE TRUST COMPANY | 18.92 | ||
| ATTN MUTUAL FUND ADMIN |
| ||
| C/O MELLON BANK |
| ||
NEW ERA FUND |
| CHARLES SCHWAB & CO INC |
| 8.26 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 13.17 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
NEW ERA FUNDI CLASS |
| CRYSTAL BRIDGES MUSEUM OF |
| 9.74 |
| AMERICAN ART INC |
| ||
| 600 MUSEUM WAY |
| ||
| BENTONVILLE AR 72712-4947 |
| ||
|
| |||
| JOHN S AND JAMES L KNIGHT | 17.15 | ||
| FOUNDATION |
| ||
| WACHOVIA FINANCIAL CENTER STE 3300 |
| ||
| 200 SOUTH BISCAYNE BOULEVARD |
| ||
| MIAMI FL 33131-2310 |
| ||
|
| |||
| MEYER MEMORIAL TR | 12.06 | ||
| RUKAIYAH ADAMS CHIEF INV OFFICER |
| ||
| 425 NW 10TH AVE STE 400 |
| ||
| PORTLAND OR 97209-3128 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 39.60(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT 4TH FL |
|
155
FUND |
| SHAREHOLDER |
| % |
NEW HORIZONS FUND |
| NATIONAL FINANCIAL SERVICES |
| 10.43 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE TRUST CO INC | 10.72 | ||
| ATTN: TRPS INST CONTROL DEPT |
| ||
NEW HORIZONS FUNDI CLASS |
| INVESTORS BANK & TRUST TR |
| 6.84 |
| FBO BOARD OF TRUSTEES FOR THE |
| ||
| ELEVATOR CONSTRUCTORS ANNUITY |
| ||
| & 401K RETIREMENT PLAN |
| ||
| 200 CLARENDON ST |
| ||
| BOSTON MA 02116-5045 |
| ||
|
| |||
| MORI & CO | 9.48 | ||
| 922 WALNUT ST |
| ||
| MAILSTOP TBTS 2 |
| ||
| KANSAS CITY MO 64106-1802 |
| ||
|
| |||
| NABANK & CO | 5.56 | ||
| PO BOX 2180 |
| ||
| TULSA OK 74101-2180 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES LLC | 40.66(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN:MUTUAL FUNDS DEPT, 4TH FLOOR |
|
156
FUND |
| SHAREHOLDER |
| % |
NEW INCOME FUND |
| JP MORGAN CLEARING CORP OMNIBUS ACC |
| 7.24 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF CUSTOMERS |
| ||
| 3 CHASE METROTECH CENTER |
| ||
| 3RD FLOOR MUTUAL FUND DEPARTMENT |
| ||
| BROOKLYN NY 11245-0001 |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2010 | 5.61 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2015 | 8.16 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2020 | 18.29 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2025 | 11.60 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2030 | 12.26 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2035 | 5.17 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
NEW INCOME FUNDADVISOR CLASS |
| MORGAN STANLEY SMITH BARNEY |
| 7.27 |
| HARBORSIDE FINANCIAL CENTER |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 9.82 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 16.91 | ||
|
| |||
| WTRISC CO IRA OMNIBUS ACCT | 14.93 | ||
| C/O ICMA RETIREMENT CORPORATION |
| ||
| 777 NORTH CAPITOL STREET, NE |
| ||
| WASHINGTON DC 20002-4239 |
|
157
FUND |
| SHAREHOLDER |
| % |
NEW INCOME FUNDI CLASS |
| RETIREMENT I 2020 FUND |
| 11.84 |
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT I 2025 FUND | 5.75 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT I 2030 FUND | 8.70 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| TARGET 2015 FUND | 7.43 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING |
| ||
|
| |||
| TARGET 2020 FUND | 8.17 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING |
| ||
|
| |||
| TARGET 2025 FUND | 5.87 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING |
| ||
|
| |||
| TARGET 2030 FUND | 5.72 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING |
| ||
NEW INCOME FUNDR CLASS |
| EMJAY CORPORATION CUSTODIAN FBO |
| 20.48 |
| PLANS OF GREAT WEST FINANCIAL |
| ||
|
| |||
| LINCOLN RETIREMENT SERVICES COMPANY | 5.02 | ||
| FBO MENTAL HEALTH SVCS 401K |
| ||
|
| |||
| NATIONWIDE TRUST COMPANY FSB | 16.01 | ||
| C/O IPO PORTFOLIO ACCTG |
| ||
|
| |||
| PAUL HEIDBRINK FBO | 7.07 | ||
| PAUL R HEIDBRINK 401(K) PROFIT SHAR |
| ||
|
| |||
| STATE STREET BANK AND TRUST AS | 19.26 | ||
| TRUSTEE AND/OR CUSTODIAN |
| ||
| FBO ADP ACCESS PRODUCT |
| ||
NEW JERSEY TAX-FREE BOND FUND |
| NATIONAL FINANCIAL SERVICES |
| 20.99 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
|
158
FUND |
| SHAREHOLDER |
| % |
NEW YORK TAX-FREE BOND FUND |
| CHARLES SCHWAB & CO INC |
| 5.37 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 6.71 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
NEW YORK TAX-FREE MONEY FUND |
| H MARK GLASBERG |
| 12.90 |
| PAULA D GLASBERG JT TEN T O D |
| ||
OVERSEAS STOCK FUND |
| RETIREMENT PORTFOLIO 2040 |
| 12.67 |
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2020 | 13.33 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2025 | 11.23 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2030 | 16.16 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2035 | 9.76 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2045 | 6.08 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
OVERSEAS STOCK FUNDADVISOR CLASS |
| PERSHING LLC |
| 6.19 |
|
| |||
| T ROWE PRICE ASSOCIATES | 93.81(a) | ||
| ATTN FINANCIAL REPORTING DEPT |
|
159
FUND |
| SHAREHOLDER |
| % |
OVERSEAS STOCK FUNDI CLASS |
| MORI & CO |
| 20.54 |
|
| |||
| NATIONAL FINANCIAL SERVICES LLC | 8.89 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN:MUTUAL FUNDS DEPT, 4TH FLOOR |
| ||
|
| |||
| RETIREMENT I 2020 FUND | 7.43 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT I 2030 FUND | 9.92 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT I 2040 FUND | 8.22 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
PERSONAL STRATEGY BALANCED FUND |
| MAC & CO |
| 7.18 |
| MUTUAL FUND OPERATIONS |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 9.89 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE TRUST CO TR | 11.70 | ||
| BALANCED |
| ||
| ATTN ASSET RECONCILIATION |
| ||
|
| |||
| TAYNIK & CO | 5.66 | ||
| C/O STATE STREET BANK |
| ||
| 1200 CROWN COLONY DR |
| ||
| QUINCY MA 02169-0938 |
| ||
PERSONAL STRATEGY BALANCED FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
PERSONAL STRATEGY GROWTH FUND |
| NATIONAL FINANCIAL SERVICES |
| 9.23 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE TRUST CO TR | 9.52 | ||
| ATTN GROWTH ASSET |
| ||
PERSONAL STRATEGY GROWTH FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
PERSONAL STRATEGY INCOME FUND |
| NATIONAL FINANCIAL SERVICES |
| 7.31 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
PERSONAL STRATEGY INCOME FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
|
160
FUND |
| SHAREHOLDER |
| % |
PRIME RESERVE FUND |
| T ROWE PRICE ASSOCIATES |
| 5.60 |
| ATTN FINANCIAL REPORTING DEPT |
| ||
|
| |||
| T ROWE PRICE TRUST CO INC | 5.69 | ||
| ATTN: TRPS INST CONTROL DEPT |
| ||
QM U.S. SMALL & MID-CAP CORE EQUITY FUND |
| T ROWE PRICE ASSOCIATES |
| 96.98(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
QM U.S. SMALL & MID-CAP CORE EQUITY FUNDADVISOR |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
CLASS | ATTN FINANCIAL REPORTING DEPT |
| ||
QM U.S. SMALL & MID-CAP CORE EQUITY FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
QM U.S. SMALL-CAP GROWTH EQUITY FUND |
| CHARLES SCHWAB & CO INC |
| 10.80 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| MORGAN STANLEY SMITH BARNEY | 7.58 | ||
| HARBORSIDE FINANCIAL CENTER |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 11.34 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 9.35 | ||
QM U.S. SMALL-CAP GROWTH EQUITY FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
QM U.S. VALUE EQUITY FUND |
| T ROWE PRICE ASSOCIATES |
| 97.23(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
QM U.S. VALUE EQUITY FUNDADVISOR CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
QM U.S. VALUE EQUITY FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
|
161
FUND |
| SHAREHOLDER |
| % |
REAL ASSETS FUND |
| RETIREMENT PORTFOLIO 2040 |
| 12.78 |
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2020 | 14.04 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2025 | 11.58 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2030 | 16.66 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2035 | 9.98 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2045 | 6.18 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
REAL ASSETS FUNDI CLASS |
| NATIONAL FINANCIAL SERVICES LLC |
| 6.80 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN:MUTUAL FUNDS DEPT, 4TH FLOOR |
| ||
|
| |||
| RETIREMENT I 2020 FUND | 9.82 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT I 2025 FUND | 6.37 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT I 2030 FUND | 13.25 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT I 2040 FUND | 11.01 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| TARGET 2030 FUND | 5.13 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING |
|
162
FUND |
| SHAREHOLDER |
| % |
REAL ESTATE FUND |
| CHARLES SCHWAB & CO INC |
| 7.66 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| FIRST CLEARING LLC | 5.42 | ||
| SPECIAL CUSTODY ACCT FOR THE |
| ||
| EXCLUSIVE BENEFIT OF CUSTOMERS |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 11.16 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 15.15 | ||
|
| |||
| SAXON & CO | 5.05 | ||
REAL ESTATE FUNDADVISOR CLASS |
| NATIONAL FINANCIAL SERVICES |
| 45.01(c) |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| RELIANCE TRUST COMPANY FBO | 19.52 | ||
| INSPER 401K |
| ||
| PO BOX 48529 |
| ||
| ATLANTA GA 30362-1529 |
| ||
REAL ESTATE FUNDI CLASS |
| BAND & CO C/O US BANK NA |
| 11.38 |
|
| |||
| BANK OF ANN ARBOR | 28.99(c) | ||
|
| |||
| CHARLES A MORRIS | 18.85 | ||
| ELISE D MORRIS JT TEN T O D |
| ||
|
| |||
| HEARTRUCO | 13.82 | ||
| 1202 27TH ST S |
| ||
| PO BOX 9135 |
| ||
| FARGO ND 58106-9135 |
| ||
|
| |||
| TD AMERITRADE INC FBO | 6.88 | ||
| OUR CUSTOMERS |
| ||
RETIREMENT 2005 FUND |
| NATIONAL FINANCIAL SERVICES |
| 20.00 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE RPS INC | 16.46 | ||
| OMNIBUS ACCOUNT |
|
163
FUND |
| SHAREHOLDER |
| % |
RETIREMENT 2005 FUNDADVISOR CLASS |
| JOHN HANCOCK TRUST COMPANY |
| 5.37 |
|
| |||
| NATIONAL FINANCIAL SVCS CORP | 33.23(c) | ||
| FOR EXCLUSIVE BENEFIT OF OUR |
| ||
| CUSTOMERS |
| ||
| RUSS LENNON |
| ||
|
| |||
| TAYNIK & CO | 5.39 | ||
| C/O INVESTORS BANK & TRUST |
| ||
| PO BOX 9130 |
| ||
| BOSTON MA 02117-9130 |
| ||
RETIREMENT 2005 FUNDR CLASS |
| AXA EQUITABLE FOR SA NO 65 |
| 6.79 |
|
| |||
| NFS LLC FEBO | 54.52(c) | ||
| STATE STREET BANK TRUST CO |
| ||
| TTEE VARIOUS RETIREMENT PLANS |
| ||
|
| |||
| VOYA RETIREMENT INS & ANNUITY CO | 16.00 | ||
RETIREMENT 2010 FUND |
| NATIONAL FINANCIAL SERVICES |
| 16.22 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE RPS INC | 14.57 | ||
| OMNIBUS ACCOUNT |
| ||
RETIREMENT 2010 FUNDADVISOR CLASS |
| NATIONAL FINANCIAL SERVICES |
| 16.68 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| TAYNIK & CO | 9.34 | ||
| C/O INVESTORS BANK & TRUST |
| ||
RETIREMENT 2010 FUNDR CLASS |
| NFS LLC FEBO |
| 7.09 |
| STATE STREET BANK TRUST CO |
| ||
| TTEE VARIOUS RETIREMENT PLANS |
| ||
|
| |||
| STATE STREET BANK AND TRUST AS | 26.32(c) | ||
| TRUSTEE AND/OR CUSTODIAN |
| ||
| FBO ADP ACCESS PRODUCT |
| ||
|
| |||
| TAYNIK & CO | 5.65 | ||
| C/O STATE STREET BANK |
| ||
RETIREMENT 2015 FUND |
| NATIONAL FINANCIAL SERVICES |
| 20.23 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE RPS INC | 22.89 | ||
| OMNIBUS ACCOUNT |
|
164
FUND |
| SHAREHOLDER |
| % |
RETIREMENT 2015 FUNDADVISOR CLASS |
| NATIONAL FINANCIAL SVCS CORP |
| 23.60 |
| FOR EXCLUSIVE BENEFIT OF OUR |
| ||
| CUSTOMERS |
| ||
| RUSS LENNON |
| ||
|
| |||
| RELIANCE TRUST COMPANY FBO | 7.46 | ||
| RETIREMENT PLANS SERVICED BY METLIFE |
| ||
RETIREMENT 2015 FUNDR CLASS |
| AXA EQUITABLE FOR SA NO 65 |
| 5.81 |
|
| |||
| NFS LLC FEBO | 6.79 | ||
| STATE STREET BANK TRUST CO |
| ||
| TTEE VARIOUS RETIREMENT PLANS |
| ||
|
| |||
| STATE STREET BANK AND TRUST AS | 21.61 | ||
| TRUSTEE AND/OR CUSTODIAN |
| ||
| FBO ADP ACCESS PRODUCT |
| ||
|
| |||
| VOYA RETIREMENT INS & ANNUITY CO | 17.21 | ||
RETIREMENT 2020 FUND |
| NATIONAL FINANCIAL SERVICES |
| 23.01 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE RPS INC | 24.91 | ||
| OMNIBUS ACCOUNT |
| ||
RETIREMENT 2020 FUNDADVISOR CLASS |
| MASSACHUSETTS MUTUAL LIFE |
| 5.73 |
| INSURANCE COMPANY |
| ||
| ATTN RS FUND OPERATIONS |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 18.34 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| TAYNIK & CO | 7.22 | ||
| C/O INVESTORS BANK & TRUST |
| ||
RETIREMENT 2020 FUNDR CLASS |
| STATE STREET BANK AND TRUST AS |
| 28.01(c) |
| TRUSTEE AND/OR CUSTODIAN |
| ||
| FBO ADP ACCESS PRODUCT |
| ||
|
| |||
| TAYNIK & CO | 6.54 | ||
| C/O STATE STREET BANK |
| ||
|
| |||
| VOYA RETIREMENT INS & ANNUITY CO | 5.31 | ||
RETIREMENT 2025 FUND |
| NATIONAL FINANCIAL SERVICES |
| 25.45(c) |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE RPS INC | 29.12(e) | ||
| OMNIBUS ACCOUNT |
|
165
FUND |
| SHAREHOLDER |
| % |
RETIREMENT 2025 FUNDADVISOR CLASS |
| NATIONAL FINANCIAL SVCS CORP |
| 23.86 |
| FOR EXCLUSIVE BENEFIT OF OUR |
| ||
| CUSTOMERS |
| ||
| RUSS LENNON |
| ||
|
| |||
| RELIANCE TRUST COMPANY FBO | 7.45 | ||
| RETIREMENT PLANS SERVICED BY METLIFE |
| ||
RETIREMENT 2025 FUNDR CLASS |
| AXA EQUITABLE FOR SA NO 65 |
| 6.53 |
|
| |||
| STATE STREET BANK AND TRUST AS | 24.98 | ||
| TRUSTEE AND/OR CUSTODIAN |
| ||
| FBO ADP ACCESS PRODUCT |
| ||
|
| |||
| TAYNIK & CO | 5.00 | ||
| C/O STATE STREET BANK |
| ||
|
| |||
| VOYA RETIREMENT INS & ANNUITY CO | 17.19 | ||
RETIREMENT 2030 FUND |
| NATIONAL FINANCIAL SERVICES |
| 24.03 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE RPS INC | 25.79(e) | ||
| OMNIBUS ACCOUNT |
| ||
RETIREMENT 2030 FUNDADVISOR CLASS |
| MASSACHUSETTS MUTUAL LIFE |
| 5.92 |
| INSURANCE COMPANY |
| ||
| ATTN RS FUND OPERATIONS |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 17.93 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| TAYNIK & CO | 7.70 | ||
| C/O INVESTORS BANK & TRUST |
| ||
RETIREMENT 2030 FUNDR CLASS |
| MASSACHUSETTS MUTUAL LIFE |
| 5.19 |
| INSURANCE COMPANY |
| ||
| ATTN RS FUND OPERATIONS |
| ||
|
| |||
| STATE STREET BANK AND TRUST AS | 32.48(c) | ||
| TRUSTEE AND/OR CUSTODIAN |
| ||
| FBO ADP ACCESS PRODUCT |
| ||
|
| |||
| TAYNIK & CO | 6.40 | ||
| C/O STATE STREET BANK |
| ||
RETIREMENT 2035 FUND |
| NATIONAL FINANCIAL SERVICES |
| 26.96(c) |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE RPS INC | 28.65(e) | ||
| OMNIBUS ACCOUNT |
|
166
FUND |
| SHAREHOLDER |
| % |
RETIREMENT 2035 FUNDADVISOR CLASS |
| NATIONAL FINANCIAL SVCS CORP |
| 22.99 |
| FOR EXCLUSIVE BENEFIT OF OUR |
| ||
| CUSTOMERS |
| ||
| RUSS LENNON |
| ||
|
| |||
| RELIANCE TRUST COMPANY FBO | 5.77 | ||
| RETIREMENT PLANS SERVICED BY METLIFE |
| ||
RETIREMENT 2035 FUNDR CLASS |
| AXA EQUITABLE FOR SA NO 65 |
| 5.95 |
|
| |||
| STATE STREET BANK AND TRUST AS | 27.11(c) | ||
| TRUSTEE AND/OR CUSTODIAN |
| ||
| FBO ADP ACCESS PRODUCT |
| ||
|
| |||
| VOYA RETIREMENT INS & ANNUITY CO | 16.45 | ||
RETIREMENT 2040 FUND |
| NATIONAL FINANCIAL SERVICES |
| 25.30(c) |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE RPS INC | 24.74 | ||
| OMNIBUS ACCOUNT |
| ||
RETIREMENT 2040 FUNDADVISOR CLASS |
| MASSACHUSETTS MUTUAL LIFE |
| 5.16 |
| INSURANCE COMPANY |
| ||
| ATTN RS FUND OPERATIONS |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 17.25 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| TAYNIK & CO | 7.41 | ||
| C/O INVESTORS BANK & TRUST |
| ||
|
| |||
| WELLS FARGO BANK FBO | 6.14 | ||
| VARIOUS RETIREMENT PLANS |
| ||
RETIREMENT 2040 FUNDR CLASS |
| STATE STREET BANK AND TRUST AS |
| 34.93(c) |
| TRUSTEE AND/OR CUSTODIAN |
| ||
| FBO ADP ACCESS PRODUCT |
| ||
|
| |||
| TAYNIK & CO | 5.59 | ||
| C/O STATE STREET BANK |
| ||
RETIREMENT 2045 FUND |
| NATIONAL FINANCIAL SERVICES |
| 27.61(c) |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE RPS INC | 29.44(e) | ||
| OMNIBUS ACCOUNT |
|
167
FUND |
| SHAREHOLDER |
| % |
RETIREMENT 2045 FUNDADVISOR CLASS |
| NATIONAL FINANCIAL SVCS CORP |
| 25.91(c) |
| FOR EXCLUSIVE BENEFIT OF OUR |
| ||
| CUSTOMERS |
| ||
| RUSS LENNON |
| ||
|
| |||
| RELIANCE TRUST COMPANY FBO | 6.45 | ||
| RETIREMENT PLANS SERVICED BY METLIFE |
| ||
RETIREMENT 2045 FUNDR CLASS |
| STATE STREET BANK AND TRUST AS |
| 29.84(c) |
| TRUSTEE AND/OR CUSTODIAN |
| ||
| FBO ADP ACCESS PRODUCT |
| ||
|
| |||
| TAYNIK & CO | 5.22 | ||
| C/O STATE STREET BANK |
| ||
|
| |||
| VOYA RETIREMENT INS & ANNUITY CO | 16.17 | ||
RETIREMENT 2050 FUND |
| NATIONAL FINANCIAL SERVICES |
| 29.21(c) |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE RPS INC | 23.55 | ||
| OMNIBUS ACCOUNT |
| ||
RETIREMENT 2050 FUNDADVISOR CLASS |
| FIFTH THIRD BANK TR |
| 6.88 |
| FBO CINTAS PARTNERS PLAN |
| ||
| ATTN MICHELLE HODGEMAN |
| ||
| 38 FOUNTAIN SQUARE PLAZA |
| ||
| CINCINNATI OH 45202-3191 |
| ||
|
| |||
| MASSACHUSETTS MUTUAL LIFE | 5.20 | ||
| INSURANCE COMPANY |
| ||
| ATTN RS FUND OPERATIONS |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 19.99 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| TAYNIK & CO | 7.50 | ||
| C/O INVESTORS BANK & TRUST |
| ||
RETIREMENT 2050 FUNDR CLASS |
| STATE STREET BANK AND TRUST AS |
| 37.09(c) |
| TRUSTEE AND/OR CUSTODIAN |
| ||
| FBO ADP ACCESS PRODUCT |
| ||
|
| |||
| TAYNIK & CO | 6.01 | ||
| C/O STATE STREET BANK |
| ||
RETIREMENT 2055 FUND |
| NATIONAL FINANCIAL SERVICES |
| 26.03(c) |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE RPS INC | 29.82(e) | ||
| OMNIBUS ACCOUNT |
|
168
FUND |
| SHAREHOLDER |
| % |
RETIREMENT 2055 FUNDADVISOR CLASS |
| NATIONAL FINANCIAL SVCS CORP |
| 28.26(c) |
| FOR EXCLUSIVE BENEFIT OF OUR |
| ||
| CUSTOMERS |
| ||
| RUSS LENNON |
| ||
|
| |||
| RELIANCE TRUST COMPANY FBO | 6.45 | ||
| RETIREMENT PLANS SERVICED BY METLIFE |
| ||
RETIREMENT 2055 FUNDR CLASS |
| AXA EQUITABLE FOR SA NO 65 |
| 5.17 |
|
| |||
| STATE STREET BANK AND TRUST AS | 34.91(c) | ||
| TRUSTEE AND/OR CUSTODIAN |
| ||
| FBO ADP ACCESS PRODUCT |
| ||
|
| |||
| VOYA RETIREMENT INS & ANNUITY CO | 13.44 | ||
RETIREMENT 2060 FUND |
| DCGT AS TTEE AND/OR CUST |
| 5.31 |
| ATTN NPIO TRADE DESK |
| ||
| FBO PLIC VARIOUS RETIREMENT PLANS |
| ||
| OMNIBUS |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 27.01(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT 4TH FL |
| ||
|
| |||
| T ROWE PRICE RPS INC | 23.30 | ||
| OMNIBUS ACCOUNT |
| ||
RETIREMENT 2060 FUNDADVISOR CLASS |
| DCGT AS TTEE AND/OR CUST |
| 7.31 |
| ATTN NPIO TRADE DESK |
| ||
| FBO PLIC VARIOUS RETIREMENT PLANS |
| ||
| OMNIBUS |
| ||
|
| |||
| FIFTH THIRD BANK TTEE | 6.06 | ||
| VARIOUS FASCORE LLC RECORDKEPT PLAN |
| ||
| C/O FASCORE LLC |
| ||
| 8515 E ORCHARD RD 2T2 |
| ||
| GREENWOOD VLG CO 80111-5002 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 38.42(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| TAYNIK & CO | 5.16 | ||
| C/O STATE STREET BANK |
| ||
|
| |||
| VALIC SEPARATE ACCOUNT A | 6.35 | ||
| 2727-A ALLEN PKWY 4 D-1 |
| ||
| HOUSTON TX 77009 |
|
169
FUND |
| SHAREHOLDER |
| % |
RETIREMENT 2060 FUNDR CLASS |
| STATE STREET BANK AND TRUST AS |
| 56.47(c) |
| TRUSTEE AND/OR CUSTODIAN |
| ||
| FBO ADP ACCESS PRODUCT |
| ||
RETIREMENT BALANCED FUND |
| NATIONAL FINANCIAL SERV CORP |
| 11.59 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE RPS INC | 13.19 | ||
| OMNIBUS ACCOUNT |
| ||
RETIREMENT BALANCED FUNDADVISOR CLASS |
| FIFTH THIRD BANK TR |
| 5.58 |
| FBO CINTAS PARTNERS PLAN |
| ||
| ATTN MICHELLE HODGEMAN |
| ||
|
| |||
| MASSACHUSETTS MUTUAL LIFE | 6.59 | ||
| INSURANCE COMPANY |
| ||
| ATTN RS FUND OPERATIONS |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 12.35 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| TAYNIK & CO | 6.24 | ||
| C/O INVESTORS BANK & TRUST |
| ||
RETIREMENT BALANCED FUNDR CLASS |
| PIMS/PRUDENTIAL RETIREMENT |
| 12.56 |
| AS NOMINEE FOR THE TTEE/CUST PL 701 |
| ||
| NEPC - TAFT HARTLEY IRONWORKERS |
| ||
| PO BOX 30124 |
| ||
| SALT LAKE CTY UT 84130-0124 |
| ||
|
| |||
| STATE STREET BANK AND TRUST AS | 38.52(c) | ||
| TRUSTEE AND/OR CUSTODIAN |
| ||
| FBO ADP ACCESS PRODUCT |
|
170
FUND |
| SHAREHOLDER |
| % |
RETIREMENT BALANCED I FUNDI CLASS |
| JOHN HANCOCK TRUST COMPANY |
| 5.00 |
|
| |||
| JPMORGAN CHASE BANK TRUSTEE | 23.24 | ||
| FBO AMERADA HESS CORP |
| ||
| EMPLOYEE SAVINGS & STOCK BONUS |
| ||
| 401K PLAN |
| ||
| 4 NEW YORK PLZ |
| ||
| NEW YORK NY 10004-2413 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 25.94(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT 4TH FL |
| ||
|
| |||
| NATIONWIDE TRUST COMPANY FSB | 7.48 | ||
| C/O IPO PORTFOLIO ACCOUNTING |
| ||
| FBO PARTICIPATING PLANS |
| ||
|
| |||
| STATE STREET BANK & TRUST CO | 9.06 | ||
| AS CUSTODIAN FOR MML |
| ||
| FBO ITS CLIENTS |
| ||
| DCGT AS TTEE AND/OR CUST |
| ||
| ATTN NPIO TRADE DESK |
| ||
| FBO PLIC VARIOUS RETIREMENT PLANS |
| ||
| OMNIBUS |
| ||
|
| |||
| JPMORGAN CHASE BANK TRUSTEE | 26.93(c) | ||
| FBO AMERADA HESS CORP |
| ||
| EMPLOYEE SAVINGS & STOCK BONUS |
| ||
| 401K PLAN |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 35.73(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT 4TH FL |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 5.67 | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
|
| |||
| THE NORTHERN TRUST CO AS TRUSTEE | 19.99 | ||
| FBO PILKINGTON NORTH AMERICA |
| ||
| RETIREMENT PLAN TRUST |
| ||
| 801 S CANAL ST |
| ||
| CHICAGO IL 60607-4715 |
|
171
FUND |
| SHAREHOLDER |
| % |
RETIREMENT I 2010 FUNDI CLASS |
| JPMORGAN CHASE BANK TRUSTEE |
| 17.40 |
| FBO AMERADA HESS CORP |
| ||
| EMPLOYEE SAVINGS & STOCK BONUS |
| ||
| 401K PLAN |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 20.14 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT 4TH FL |
| ||
|
| |||
| STATE STREET BANK & TRUST CO | 14.18 | ||
| AS CUSTODIAN FOR MML |
| ||
| FBO ITS CLIENTS |
| ||
RETIREMENT I 2015 FUNDI CLASS |
| EMJAY CORPORATION CUSTODIAN FBO |
| 9.47 |
| PLANS OF GREAT WEST FINANCIAL |
| ||
|
| |||
| JPMORGAN CHASE BANK TRUSTEE | 25.87(c) | ||
| FBO AMERADA HESS CORP |
| ||
| EMPLOYEE SAVINGS & STOCK BONUS |
| ||
| 401K PLAN |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 17.32 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT 4TH FL |
| ||
|
| |||
| NATIONWIDE TRUST COMPANY FSB | 7.51 | ||
| C/O IPO PORTFOLIO ACCOUNTING |
| ||
| FBO PARTICIPATING PLANS |
| ||
RETIREMENT I 2020 FUNDI CLASS |
| JPMORGAN CHASE BANK TRUSTEE |
| 15.04 |
| FBO AMERADA HESS CORP |
| ||
| EMPLOYEE SAVINGS & STOCK BONUS |
| ||
| 401K PLAN |
| ||
|
| |||
| LINCOLN RETIREMENT SERVICES COMPANY | 6.52 | ||
| FBO READING HEALTH SYSTEM 403B PLAN |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 17.42 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT 4TH FL |
| ||
|
| |||
| NATIONWIDE TRUST COMPANY FSB | 6.24 | ||
| FBO PARTICIPATING PLANS |
| ||
| C/O IPO PORTFOLIO ACCOUNTING |
| ||
|
| |||
| STATE STREET BANK & TRUST CO | 15.58 | ||
| AS CUSTODIAN FOR MML |
| ||
| FBO ITS CLIENTS |
|
172
FUND |
| SHAREHOLDER |
| % |
RETIREMENT I 2025 FUNDI CLASS |
| EMJAY CORPORATION CUSTODIAN FBO |
| 8.48 |
| PLANS OF GREAT WEST FINANCIAL |
| ||
|
| |||
| JPMORGAN CHASE BANK TRUSTEE | 25.21(c) | ||
| FBO AMERADA HESS CORP |
| ||
| EMPLOYEE SAVINGS & STOCK BONUS |
| ||
| 401K PLAN |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 16.10 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT 4TH FL |
| ||
|
| |||
| NATIONWIDE TRUST COMPANY FSB | 9.15 | ||
| C?O IPO PORTFOLIO ACCOUNTING |
| ||
| FBO PARTICIPATING PLANS |
| ||
RETIREMENT I 2030 FUNDI CLASS |
| JPMORGAN CHASE BANK TRUSTEE |
| 9.45 |
| FBO AMERADA HESS CORP |
| ||
| EMPLOYEE SAVINGS & STOCK BONUS |
| ||
| 401K PLAN |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 17.33 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT 4TH FL |
| ||
|
| |||
| NATIONWIDE TRUST COMPANY FSB | 6.17 | ||
| FBO PARTICIPATING PLANS |
| ||
| C/O IPO PORTFOLIO ACCOUNTING |
| ||
|
| |||
| STATE STREET BANK & TRUST CO | 21.36 | ||
| AS CUSTODIAN FOR MML |
| ||
| FBO ITS CLIENTS |
| ||
|
| |||
| T ROWE PRICE RPS INC | 6.04 | ||
| OMNIBUS ACCOUNT |
|
173
FUND |
| SHAREHOLDER |
| % |
RETIREMENT I 2035 FUNDI CLASS |
| EMJAY CORPORATION CUSTODIAN FBO |
| 7.35 |
| PLANS OF GREAT WEST FINANCIAL |
| ||
|
| |||
| JPMORGAN CHASE BANK TRUSTEE | 21.03 | ||
| FBO AMERADA HESS CORP |
| ||
| EMPLOYEE SAVINGS & STOCK BONUS |
| ||
| 401K PLAN |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 18.14 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT 4TH FL |
| ||
|
| |||
| NATIONWIDE TRUST COMPANY FSB | 7.15 | ||
| C/O IPO PORTFOLIO ACCOUNTING |
| ||
| FBO PARTICIPATING PLANS |
| ||
|
| |||
| VOYA INSTITUTIONAL TRUST COMPANY | 5.12 | ||
| AS TRUSTEE/ CUSTODIAN FOR |
| ||
| CORE MARKET RETIREMENT PLANS |
| ||
| 30 BRAINTREE HILL OFFICE PARK |
| ||
| BRAINTREE MA 02184-8747 |
| ||
RETIREMENT I 2040 FUNDI CLASS |
| JPMORGAN CHASE BANK TRUSTEE |
| 6.90 |
| FBO AMERADA HESS CORP |
| ||
| EMPLOYEE SAVINGS & STOCK BONUS |
| ||
| 401K PLAN |
| ||
|
| |||
| LINCOLN RETIREMENT SERVICES COMPANY | 8.34 | ||
| FBO READING HEALTH SYSTEM 403B PLAN |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 16.10 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT 4TH FL |
| ||
|
| |||
| STATE STREET BANK & TRUST CO | 21.89 | ||
| AS CUSTODIAN FOR MML |
| ||
| FBO ITS CLIENTS |
| ||
|
| |||
| T ROWE PRICE RPS INC | 7.01 | ||
| OMNIBUS ACCOUNT |
|
174
FUND |
| SHAREHOLDER |
| % |
RETIREMENT I 2045 FUNDI CLASS |
| EMJAY CORPORATION CUSTODIAN FBO |
| 5.76 |
| PLANS OF GREAT WEST FINANCIAL |
| ||
|
| |||
| JPMORGAN CHASE BANK TRUSTEE | 19.48 | ||
| FBO AMERADA HESS CORP |
| ||
| EMPLOYEE SAVINGS & STOCK BONUS |
| ||
| 401K PLAN |
| ||
|
| |||
| LINCOLN RETIREMENT SERVICES COMPANY | 5.16 | ||
| FBO READING HEALTH SYSTEM 403B PLAN |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 20.85 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT 4TH FL |
| ||
|
| |||
| STATE STREET BANK & TRUST CO | 6.14 | ||
| AS CUSTODIAN FOR MML |
| ||
| FBO ITS CLIENTS |
| ||
|
| |||
| VOYA INSTITUTIONAL TRUST COMPANY | 6.20 | ||
| AS TRUSTEE/ CUSTODIAN FOR |
| ||
| CORE MARKET RETIREMENT PLANS |
| ||
RETIREMENT I 2050 FUNDI CLASS |
| NATIONAL FINANCIAL SERVICES |
| 16.87 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT 4TH FL |
| ||
|
| |||
| STATE STREET BANK & TRUST CO | 25.74(c) | ||
| AS CUSTODIAN FOR MML |
| ||
| FBO ITS CLIENTS |
| ||
|
| |||
| T ROWE PRICE RPS INC | 6.12 | ||
| OMNIBUS ACCOUNT |
| ||
|
| |||
| THE NORTHERN TRUST CO AS TRUSTEE | 7.23 | ||
| FBO PILKINGTON NORTH AMERICA |
| ||
| RETIREMENT PLAN TRUST |
|
175
FUND |
| SHAREHOLDER |
| % |
RETIREMENT I 2055 FUNDI CLASS |
| CBNA AS CUSTODIAN FBO |
| 6.67 |
| HAMILTON CAVANAUGH RETMT PLANS |
| ||
| 6 RHOADS DR STE 7 |
| ||
| UTICA NY 13502-6317 |
| ||
|
| |||
| DCGT AS TTEE AND/OR CUST | 6.81 | ||
| ATTN NPIO TRADE DESK |
| ||
| FBO PLIC VARIOUS RETIREMENT PLANS |
| ||
| OMNIBUS |
| ||
|
| |||
| EMJAY CORPORATION CUSTODIAN FBO | 5.05 | ||
| PLANS OF GREAT WEST FINANCIAL |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 25.21(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT 4TH FL |
| ||
|
| |||
| STATE STREET BANK & TRUST CO | 7.07 | ||
| AS CUSTODIAN FOR MML |
| ||
| FBO ITS CLIENTS |
| ||
|
| |||
| VOYA INSTITUTIONAL TRUST COMPANY | 11.58 | ||
| AS TRUSTEE/ CUSTODIAN FOR |
| ||
| CORE MARKET RETIREMENT PLANS |
| ||
RETIREMENT I 2060 FUNDI CLASS |
| JPMORGAN CHASE BANK TRUSTEE |
| 10.83 |
| FBO AMERADA HESS CORP |
| ||
| EMPLOYEE SAVINGS & STOCK BONUS |
| ||
| 401K PLAN |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 15.26 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT 4TH FL |
| ||
|
| |||
| STATE STREET BANK & TRUST CO | 12.86 | ||
| AS CUSTODIAN FOR MML |
| ||
| FBO ITS CLIENTS |
| ||
|
| |||
| STATE STREET BANK AND TRUST AS | 12.21 | ||
| TRUSTEE AND/OR CUSTODIAN |
| ||
| FBO ADP ACCESS PRODUCT |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 17.04 | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
SCIENCE & TECHNOLOGY FUND |
| T ROWE PRICE RPS INC |
| 14.54 |
| OMNIBUS |
|
176
FUND |
| SHAREHOLDER |
| % |
SCIENCE & TECHNOLOGY FUNDADVISOR CLASS |
| JOHN HANCOCK LIFE |
| 86.57(c) |
| INSURANCE CO USA |
| ||
| RPS TRADING OPS ST-4 |
| ||
SCIENCE & TECHNOLOGY FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
SHORT-TERM BOND FUND |
| EDWARD D JONES & CO |
| 8.84 |
| SHAREHOLDER ACCOUNTING |
| ||
| ATTN MUTUAL FUND |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 5.79 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| SPECTRUM INCOME FUND | 5.07 | ||
| T. ROWE PRICE ASSOCIATES |
| ||
| ATTN: FUND ACCOUNTING DEPT |
| ||
SHORT-TERM BOND FUNDADVISOR CLASS |
| CHARLES SCHWAB & CO INC |
| 12.85 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 47.68(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 5.17 | ||
|
| |||
| RBC CAPITAL MARKETS LLC | 6.36 | ||
| MUTUAL FUND OMNIBUS PROCESSING |
| ||
| OMNIBUS |
| ||
| ATTN MUTUAL FUND OPS MANAGER |
| ||
|
| |||
| TD AMERITRADE INC FBO | 10.34 | ||
| OUR CUSTOMERS |
|
177
FUND |
| SHAREHOLDER |
| % |
SHORT-TERM BOND FUNDI CLASS |
| BAND & CO C/O US BANK NA |
| 9.88 |
|
| |||
| GOLDEY-BEACOM COLLEGE | 6.99 | ||
| ENDOWMENT FUND |
| ||
| ATTN: KRISTINE M SANTOMAURO |
| ||
| 4701 LIMESTONE RD |
| ||
| WILMINGTON DE 19808-1993 |
| ||
|
| |||
| JEANETTE STUMP & | 12.27 | ||
| JAMES CARNEY & HOWARD KLINE TRS |
| ||
| SPECIAL METALS CORPORATION RETIREE |
| ||
| BENEFIT TRUST |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 17.29 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT 4TH FL |
| ||
SHORT-TERM RESERVE FUND |
| JPMORGAN CHASE BANK AS AGENT |
| 31.31(c) |
| FOR INSTITUTIONAL FUNDS |
| ||
| ATTN AMANDA MORLEY |
| ||
| 500 STANTON CHRISTIANA RD |
| ||
| OPS 4 FL 3 |
| ||
| NEWARK DE 19713-2105 |
| ||
|
| |||
| STATE STREET BANK & TRUST CO AGENT | 68.46(c) | ||
| FOR T ROWE INSTITUTIONAL FUNDS |
| ||
SMALL-CAP INDEX FUND |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
SMALL-CAP INDEX FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
SMALL-CAP STOCK FUND |
| MINNESOTA STATE RETIREMENT SYSTEM |
| 6.93 |
| DEFINED CONTRIBUTION PLANS |
| ||
| 60 EMPIRE DR STE 300 |
| ||
| SAINT PAUL MN 55103-3000 |
| ||
|
| |||
| NATIONAL FINANCIAL SERV CORP | 10.07 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE TRUST CO INC | 6.46 | ||
| T R P O T C FUND |
| ||
| ATTN R P S CONTROL DEPT |
|
178
FUND |
| SHAREHOLDER |
| % |
SMALL-CAP STOCK FUNDADVISOR CLASS |
| CHARLES SCHWAB & CO INC |
| 9.58 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| DCGT AS TTEE AND/OR CUST | 7.10 | ||
| ATTN NPIO TRADE DESK |
| ||
| FBO PLIC VARIOUS RETIREMENT PLANS |
| ||
| OMNIBUS |
| ||
|
| |||
| HORACE MANN LIFE INS COMPANY | 6.45 | ||
| SEPARATE ACCOUNT |
| ||
| 1 HORACE MANN PLZ |
| ||
| SPRINGFIELD IL 62715-0002 |
| ||
|
| |||
| MORGAN STANLEY SMITH BARNEY | 5.16 | ||
| HARBORSIDE FINANCIAL CENTER |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 21.48 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| VANGUARD FIDUCIARY TRUST COMPANY | 6.13 | ||
| T ROWE PRICE ADVISOR CLASS FUNDS |
| ||
| ATTN OUTSIDE FUNDS |
| ||
| P O BOX 2900 |
| ||
| VALLEY FORGE PA 19482-2900 |
| ||
|
| |||
| WELLS FARGO BANK FBO | 15.27 | ||
| FBO VARIOUS RETIREMENT PLANS |
| ||
SMALL-CAP STOCK FUNDI CLASS |
| CHARLES SCHWAB & CO INC |
| 5.24 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| DCGT AS TTEE AND/OR CUST | 25.47(c) | ||
| ATTN NPIO TRADE DESK |
| ||
| FBO PLIC VARIOUS RETIREMENT PLANS |
| ||
| OMNIBUS |
| ||
|
| |||
| FIRST NATIONAL TRUST COMPANY | 8.55 | ||
|
| |||
| RETIREMENT I 2030 FUND | 5.22 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
|
179
FUND |
| SHAREHOLDER |
| % |
SMALL-CAP VALUE FUND |
| NATIONAL FINANCIAL SERVICES |
| 5.17 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2030 | 5.60 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| T ROWE PRICE TRUST CO INC | 11.92 | ||
| ATTN: TRPS INST CONTROL DEPT |
| ||
SMALL-CAP VALUE FUNDADVISOR CLASS |
| NATIONAL FINANCIAL SERVICES |
| 9.82 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
SMALL-CAP VALUE FUNDI CLASS |
| MORI & CO |
| 6.55 |
|
| |||
| NATIONAL FINANCIAL SERVICES | 11.82 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT, 4TH FLOOR |
| ||
|
| |||
| RETIREMENT I 2030 FUND | 5.24 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| STATE OF WYOMING TTEE FBO | 19.11 | ||
| THE WRS DCP |
| ||
| C/O FASCORE LLC |
| ||
| 8515 E ORCHARD RD 2T2 |
| ||
| GREENWOOD VLG CO 80111-5002 |
| ||
|
| |||
| TD AMERITRADE INC FBO | 5.45 | ||
| OUR CUSTOMERS |
| ||
SPECTRUM GROWTH FUND |
| T ROWE PRICE TRUST CO INC |
| 7.80 |
| ATTN: TRPS INST CONTROL DEPT |
| ||
SPECTRUM INCOME FUND |
| MARYLAND COLLEGE INVESTMENT PLAN |
| 5.49 |
| PORTFOLIO 2021 |
| ||
| ATTN FUND ACCOUNTING |
| ||
|
| |||
| T ROWE PRICE TRUST CO INC | 8.45 | ||
| ATTN: TRPS INST CONTROL DEPT |
| ||
SUMMIT CASH RESERVES FUND |
| T ROWE PRICE INTERNATIONAL LTD |
| 5.73 |
| ATTN ANDREW CARTER |
| ||
| 60 QUEEN VICTORIA STREET |
| ||
| LONDON EC4N 4T2 |
| ||
| UNITED KINGDOM |
| ||
|
| |||
| T ROWE PRICE TRUST CO | 7.78 | ||
| ATTN ASSET RECONCILIATIONS |
|
180
FUND |
| SHAREHOLDER |
| % |
SUMMIT MUNICIPAL INCOME FUND |
| EDWARD D JONES & CO |
| 16.26 |
| SHAREHOLDER ACCOUNTING |
| ||
| ATTN MUTUAL FUND |
| ||
|
| |||
| FIRST CLEARING LLC | 5.15 | ||
| SPECIAL CUSTODY ACCT FOR THE |
| ||
| EXCLUSIVE BENEFIT OF CUSTOMERS |
| ||
|
| |||
| JP MORGAN CLEARING CORP OMNIBUS ACC | 5.01 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF CUSTOMERS |
| ||
|
| |||
| LPL FINANCIAL | 7.46 | ||
| OMNIBUS CUSTOMER ACCOUNT |
| ||
| ATTN: MUTUAL FUND TRADING |
| ||
|
| |||
| SAXON & CO | 13.65 | ||
SUMMIT MUNICIPAL INCOME FUNDADVISOR CLASS |
| LPL FINANCIAL |
| 31.67(c) |
| OMNIBUS CUSTOMER ACCOUNT |
| ||
| ATTN: MUTUAL FUND TRADING |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 25.97(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 21.00 | ||
|
| |||
| T ROWE PRICE ASSOCIATES | 10.94 | ||
| ATTN FINANCIAL REPORTING DEPT |
|
181
FUND |
| SHAREHOLDER |
| % |
SUMMIT MUNICIPAL INTERMEDIATE FUND |
| CHARLES SCHWAB & CO INC |
| 11.33 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| EDWARD D JONES & CO | 18.05 | ||
| SHAREHOLDER ACCOUNTING |
| ||
| ATTN MUTUAL FUND |
| ||
|
| |||
| FIRST CLEARING LLC | 9.88 | ||
| SPECIAL CUSTODY ACCT FOR THE |
| ||
| EXCLUSIVE BENEFIT OF CUSTOMERS |
| ||
|
| |||
| JP MORGAN CLEARING CORP OMNIBUS ACC | 14.09 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF CUSTOMERS |
| ||
|
| |||
| MLPF&S FOR THE SOLE BENEFIT OF | 6.52 | ||
| ITS CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 5.24 | ||
|
| |||
| SAXON & CO | 6.79 | ||
SUMMIT MUNICIPAL INTERMEDIATE FUNDADVISOR |
| CHARLES SCHWAB & CO INC |
| 42.48(c) |
CLASS | REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| CITBANCO A PARTNERSHIP | 7.60 | ||
| DRAWER 1227 |
| ||
| STORM LAKE IA 50588-1227 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 37.77(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 8.56 | ||
SUMMIT MUNICIPAL MONEY MARKET FUND |
| JAMES A C KENNEDY |
| 6.70 |
| C/O T ROWE PRICE |
| ||
|
| |||
| JAMES S. RIEPE | 7.66 | ||
TARGET 2005 FUND |
| T ROWE PRICE TRUST CO |
| 6.35 |
| CUST FOR THE IRA OF |
| ||
| NANCY T MOY |
|
182
FUND |
| SHAREHOLDER |
| % |
TARGET 2005 FUNDADVISOR CLASS |
| NATIONAL FINANCIAL SERVICES |
| 58.00(c) |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| RELIANCE TRUST CO TTEE ADP | 19.54 | ||
| ACCESS LARGE MARKET 401K |
| ||
| 1100 ABERNATHY RD |
| ||
| ATLANTA GA 30328-5620 |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 21.52 | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
TARGET 2005 FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
TARGET 2010 FUND |
| T ROWE PRICE RPS INC |
| 7.60 |
| OMNIBUS ACCOUNT |
| ||
|
| |||
| TD AMERITRADE TRUST COMPANY | 5.44 | ||
| ATTN HOUSE |
| ||
TARGET 2010 FUNDADVISOR CLASS |
| NATIONAL FINANCIAL SERVICES |
| 63.05(c) |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| RELIANCE TRUST CO TTEE ADP | 32.02(c) | ||
| ACCESS LARGE MARKET 401K |
| ||
TARGET 2010 FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
TARGET 2015 FUND |
| T ROWE PRICE RPS INC |
| 8.69 |
| OMNIBUS ACCOUNT |
| ||
TARGET 2015 FUNDADVISOR CLASS |
| GREAT WEST TRUST CO LLC |
| 28.75(c) |
| FBO RECORDKEEPING FOR VARIOUS |
| ||
| BENEFIT PL OMNIPUTNAM |
| ||
| C/O MUTUAL FUND TRADING |
| ||
| 8525 E ORCHARD RD |
| ||
| GREENWOOD VLG CO 80111-5002 |
| ||
|
| |||
| GREAT-WEST TRUST COMPANY LLC TTEE F | 12.34 | ||
| EMPLOYEE BENEFITS CLIENTS 401K |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 48.12(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 5.00 | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
TARGET 2015 FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
|
183
FUND |
| SHAREHOLDER |
| % |
TARGET 2020 FUND |
| NATIONAL FINANCIAL SERVICES |
| 7.83 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT 4TH FL |
| ||
|
| |||
| T ROWE PRICE RPS INC | 18.13 | ||
| OMNIBUS ACCOUNT |
| ||
TARGET 2020 FUNDADVISOR CLASS |
| GREAT WEST TRUST CO LLC |
| 7.85 |
| FBO RECORDKEEPING FOR VARIOUS |
| ||
| BENEFIT PL OMNIPUTNAM |
| ||
| C/O MUTUAL FUND TRADING |
| ||
|
| |||
| GREAT-WEST TRUST COMPANY LLC TTEE F | 11.79 | ||
| EMPLOYEE BENEFITS CLIENTS 401K |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 29.81(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| RELIANCE TRUST CO TTEE ADP | 45.49(c) | ||
| ACCESS LARGE MARKET 401K |
| ||
TARGET 2020 FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
TARGET 2025 FUND |
| NATIONAL FINANCIAL SERVICES |
| 6.42 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT 4TH FL |
| ||
|
| |||
| T ROWE PRICE RPS INC | 23.44 | ||
| OMNIBUS ACCOUNT |
| ||
|
| |||
| WELLS FARGO BANK FBO | 7.53 | ||
| VARIOUS RETIREMENT PLANS |
| ||
TARGET 2025 FUNDADVISOR CLASS |
| GREAT WEST TRUST CO LLC |
| 30.50(c) |
| FBO RECORDKEEPING FOR VARIOUS |
| ||
| BENEFIT PL OMNIPUTNAM |
| ||
| C/O MUTUAL FUND TRADING |
| ||
|
| |||
| GREAT-WEST TRUST COMPANY LLC TTEE F | 19.63 | ||
| EMPLOYEE BENEFITS CLIENTS 401K |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 35.91(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| RELIANCE TRUST CO TTEE ADP | 8.50 | ||
| ACCESS LARGE MARKET 401K |
| ||
TARGET 2025 FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
|
184
FUND |
| SHAREHOLDER |
| % |
TARGET 2030 FUND |
| NATIONAL FINANCIAL SERVICES |
| 13.17 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT 4TH FL |
| ||
|
| |||
| T ROWE PRICE RPS INC | 34.00(e) | ||
| OMNIBUS ACCOUNT |
| ||
|
| |||
| WELLS FARGO BANK FBO | 5.15 | ||
| VARIOUS RETIREMENT PLANS |
| ||
TARGET 2030 FUNDADVISOR CLASS |
| GREAT WEST TRUST CO LLC |
| 10.11 |
| FBO RECORDKEEPING FOR VARIOUS |
| ||
| BENEFIT PL OMNIPUTNAM |
| ||
| C/O MUTUAL FUND TRADING |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 36.46(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| RELIANCE TRUST CO TTEE ADP | 45.30(c) | ||
| ACCESS LARGE MARKET 401K |
| ||
TARGET 2030 FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
TARGET 2035 FUND |
| NATIONAL FINANCIAL SERVICES |
| 11.47 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT 4TH FL |
| ||
|
| |||
| T ROWE PRICE RPS INC | 32.58(e) | ||
| OMNIBUS ACCOUNT |
| ||
|
| |||
| WELLS FARGO BANK FBO | 8.64 | ||
| VARIOUS RETIREMENT PLANS |
| ||
TARGET 2035 FUNDADVISOR CLASS |
| GREAT WEST TRUST CO LLC |
| 22.68 |
| FBO RECORDKEEPING FOR VARIOUS |
| ||
| BENEFIT PL OMNIPUTNAM |
| ||
| C/O MUTUAL FUND TRADING |
| ||
|
| |||
| GREAT-WEST TRUST COMPANY LLC TTEE F | 14.80 | ||
| EMPLOYEE BENEFITS CLIENTS 401K |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 57.22(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
TARGET 2035 FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
|
185
FUND |
| SHAREHOLDER |
| % |
TARGET 2040 FUND |
| NATIONAL FINANCIAL SERVICES |
| 13.72 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE RPS INC | 36.40(e) | ||
| OMNIBUS ACCOUNT |
| ||
|
| |||
| WELLS FARGO BANK FBO | 5.02 | ||
| VARIOUS RETIREMENT PLANS |
| ||
TARGET 2040 FUNDADVISOR CLASS |
| ASCENSUS TRUST COMPANY FBO |
| 7.42 |
| JOSEPH S THOMPSON, DDS, PC 401(K) |
| ||
| PO BOX 10758 |
| ||
| FARGO ND 58106-0758 |
| ||
|
| |||
| GREAT WEST TRUST CO LLC | 18.87 | ||
| FBO RECORDKEEPING FOR VARIOUS |
| ||
| BENEFIT PL OMNIPUTNAM |
| ||
| C/O MUTUAL FUND TRADING |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 62.51(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
TARGET 2040 FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
TARGET 2045 FUND |
| NATIONAL FINANCIAL SERVICES |
| 10.50 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT 4TH FL |
| ||
|
| |||
| T ROWE PRICE RPS INC | 33.92(e) | ||
| OMNIBUS ACCOUNT |
| ||
|
| |||
| WELLS FARGO BANK FBO | 13.27 | ||
| VARIOUS RETIREMENT PLANS |
| ||
TARGET 2045 FUNDADVISOR CLASS |
| GREAT WEST TRUST CO LLC |
| 15.00 |
| FBO RECORDKEEPING FOR VARIOUS |
| ||
| BENEFIT PL OMNIPUTNAM |
| ||
| C/O MUTUAL FUND TRADING |
| ||
|
| |||
| GREAT-WEST TRUST COMPANY LLC TTEE F | 7.78 | ||
| EMPLOYEE BENEFITS CLIENTS 401K |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 62.59(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 5.02 | ||
| ATTN FINANCIAL REPORTING DEPT |
|
186
FUND |
| SHAREHOLDER |
| % |
TARGET 2045 FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
TARGET 2050 FUND |
| NATIONAL FINANCIAL SERVICES |
| 15.40 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT 4TH FL |
| ||
|
| |||
| T ROWE PRICE RPS INC | 25.60(e) | ||
| OMNIBUS ACCOUNT |
| ||
TARGET 2050 FUNDADVISOR CLASS |
| GREAT WEST TRUST CO LLC |
| 8.50 |
| FBO RECORDKEEPING FOR VARIOUS |
| ||
| BENEFIT PL OMNIPUTNAM |
| ||
| C/O MUTUAL FUND TRADING |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 59.56(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| STATE STREET BANK AND TRUST AS | 20.43 | ||
| TRUSTEE AND/OR CUSTODIAN |
| ||
| FBO ADP ACCESS PRODUCT |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 5.98 | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
TARGET 2050 FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
TARGET 2055 FUND |
| NATIONAL FINANCIAL SERVICES |
| 7.09 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
| ATTN: MUTUAL FUNDS DEPT 4TH FL |
| ||
|
| |||
| T ROWE PRICE RPS INC | 27.66(e) | ||
| OMNIBUS ACCOUNT |
| ||
|
| |||
| WELLS FARGO BANK FBO | 8.31 | ||
| VARIOUS RETIREMENT PLANS |
| ||
TARGET 2055 FUNDADVISOR CLASS |
| GREAT-WEST TRUST COMPANY LLC TTEE F |
| 7.59 |
| EMPLOYEE BENEFITS CLIENTS 401K |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 70.40(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 10.58 | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
TARGET 2055 FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
|
187
FUND |
| SHAREHOLDER |
| % |
TARGET 2060 FUND |
| T ROWE PRICE ASSOCIATES |
| 26.67(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
|
| |||
| T ROWE PRICE TRUST CO | 6.10 | ||
| CUST FOR THE IRA OF |
| ||
| SUSAN A BRUEMMER (DCD) |
| ||
| CHANCE A BRUEMMER (BENE) |
| ||
|
| |||
| T ROWE PRICE TRUST CO | 7.06 | ||
| CUST FOR THE ROLLOVER IRA OF |
| ||
| JEFFERY LU |
| ||
TARGET 2060 FUNDADVISOR CLASS |
| CHARLES SCHWAB & CO INC |
| 14.21 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 17.28 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| RELIANCE TRUST CO., CUSTODIAN | 10.35 | ||
| FBO MASSMUTUAL OMNIBUS PPL/SMF |
| ||
|
| |||
| T ROWE PRICE ASSOCIATES | 26.15(a) | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
|
| |||
| VOYA INSTITUTIONAL TRUST COMPANY | 26.98(c) | ||
| AS TRUSTEE OR CUSTODIAN FOR |
| ||
| CORE MARKET RETIRMENT PLANS |
| ||
TARGET 2060 FUNDI CLASS |
| T ROWE PRICE ASSOCIATES |
| 100.00(a) |
| ATTN FINANCIAL REPORTING DEPT |
| ||
TAX-EXEMPT MONEY FUND |
| EDWARD D JONES & CO |
| 26.85(c) |
| SHAREHOLDER ACCOUNTING |
| ||
| ATTN MUTUAL FUND |
| ||
|
| |||
| PERSHING LLC | 7.38 | ||
| FOR EXCLUSIVE BENEFIT OF TRP MONEY |
| ||
| FUND CUSTOMER ACCOUNTS |
| ||
|
| |||
| SUSAN A FEITH | 5.37 |
188
FUND |
| SHAREHOLDER |
| % |
TAX-FREE HIGH YIELD FUND |
| CHARLES SCHWAB & CO INC |
| 10.61 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| GOLDMAN SACHS & CO | 7.71 | ||
| C/O MUTUAL FUNDS OPS |
| ||
| 222 S MAIN ST |
| ||
| SALT LAKE CITY UT 84101-2199 |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 7.65 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
TAX-FREE HIGH YIELD FUNDADVISOR CLASS |
| CHARLES SCHWAB & CO INC |
| 15.62 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 75.69(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
TAX-FREE INCOME FUND |
| CHARLES SCHWAB & CO INC |
| 6.72 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
TAX-FREE INCOME FUNDADVISOR CLASS |
| NATIONAL FINANCIAL SERVICES |
| 93.19(c) |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
TAX-FREE SHORT-INTERMEDIATE FUND |
| CHARLES SCHWAB & CO INC |
| 17.73 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| FIRST CLEARING LLC | 12.08 | ||
| SPECIAL CUSTODY ACCT FOR THE |
| ||
| EXCLUSIVE BENEFIT OF CUSTOMERS |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 7.02 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 5.96 | ||
|
| |||
| T ROWE PRICE ASSOCIATES | 9.27 | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
|
| |||
| TD AMERITRADE INC FBO | 5.99 | ||
| OUR CUSTOMERS |
|
189
FUND |
| SHAREHOLDER |
| % |
TAX-FREE SHORT-INTERMEDIATE FUNDADVISOR CLASS |
| CHARLES SCHWAB & CO INC |
| 14.02 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 52.79(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 20.20 | ||
TOTAL EQUITY MARKET INDEX FUND |
| EDUCATION TRUST OF ALASKA |
| 8.44 |
| TOTAL EQUITY MARKET INDEX PORTFOLIO |
| ||
| C/O T ROWE PRICE ASSOCIATES |
| ||
| ATTN DAWN WAGNER FIXED INCOME |
| ||
|
| |||
| MARYLAND COLLEGE INVESTMENT PLAN | 9.17 | ||
| GLOBAL EQUITY MARKET INDEX |
| ||
| ATTN FUND ACCOUNTING |
| ||
TRP GOVERNMENT RESERVE INVESTMENT FUND |
| BARNACLESAIL |
| 51.55(d) |
| C/O T ROWE PRICE ASSOC |
| ||
| ATTN MID CAP GROWTH FUND |
| ||
|
| |||
| BRIDGESAIL & CO | 14.85 | ||
| C/O T ROWE PRICE ASSOC |
| ||
| ATTN SCIENCE & TECHNOLOGY FD |
| ||
|
| |||
| HEIRLOOM & CO | 5.28 | ||
| C/O T ROWE PRICE ASSOC |
| ||
| ATTN MEDIA & TELECOMM FD |
| ||
|
| |||
| T ROWE PRICE | 8.30 | ||
| RETIREMENT PLAN SERVICE INC |
| ||
| ATTN RPS CASH GROUP |
| ||
| 4555 PAINTERS MILL ROAD |
| ||
| OWINGS MILLS MD 21117-4903 |
| ||
TRP RESERVE INVESTMENT FUND |
| SEAMILE & CO |
| 18.81 |
| C/O T ROWE PRICE ASSOC |
| ||
| ATTN CAPITAL APPREC FUND |
| ||
|
| |||
| T ROWE PRICE MANAGED GIC | 5.46 | ||
| STABLE VALUE FUND |
| ||
| T ROWE PRICE ASSOCIATES INC |
| ||
|
| |||
| TUNA & CO | 12.61 | ||
| C/O T ROWE PRICE ASSOC |
| ||
| ATTN NEW INCOME FUND |
|
190
FUND |
| SHAREHOLDER |
| % |
U.S. BOND ENHANCED INDEX FUND |
| EDUCATION TRUST OF ALASKA |
| 9.65 |
| ACT PORTFOLIO |
| ||
| C/O T ROWE PRICE ASSOCIATES |
| ||
| ATTN DAWN WAGNER FIXED INCOME |
| ||
|
| |||
| T ROWE PRICE RPS INC | 8.68 | ||
| OMNIBUS |
| ||
U.S. LARGE-CAP CORE FUND |
| NATIONAL FINANCIAL SERVICES |
| 7.21 |
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 7.49 | ||
|
| |||
| T ROWE PRICE ASSOCIATES | 5.12 | ||
| ATTN FINANCIAL REPORTING DEPT |
| ||
U.S. LARGE-CAP CORE FUNDADVISOR CLASS |
| CHARLES SCHWAB & CO INC |
| 29.92(c) |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| LPL FINANCIAL | 5.30 | ||
| OMNIBUS CUSTOMER ACCOUNT |
| ||
| ATTN: MUTUAL FUND TRADING |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 42.78(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| PERSHING LLC | 13.91 | ||
U.S. TREASURY INTERMEDIATE FUND |
| MLPF&S FOR THE SOLE BENEFIT OF |
| 5.34 |
| ITS CUSTOMERS |
| ||
|
| |||
| SPECTRUM INCOME FUND | 6.68 | ||
| T. ROWE PRICE ASSOCIATES |
| ||
| ATTN: FUND ACCOUNTING DEPT |
| ||
|
| |||
| T ROWE PRICE TRUST CO | 5.48 | ||
| ATTN TRPS INST CONTROL DEPT |
| ||
U.S. TREASURY LONG-TERM FUND |
| SPECTRUM INCOME FUND |
| 29.61(d) |
| T. ROWE PRICE ASSOCIATES |
| ||
| ATTN: FUND ACCOUNTING DEPT |
| ||
U.S. TREASURY MONEY FUND |
| DCGT AS TTEE AND/OR CUST |
| 6.17 |
| ATTN NPIO TRADE DESK |
| ||
| FBO PLIC VARIOUS RETIREMENT PLANS |
| ||
| OMNIBUS |
| ||
ULTRA SHORT-TERM BOND FUND |
| T ROWE PRICE ASSOCIATES |
| 41.02(a) |
| ATTN FINANCIAL REPORTING DEPT |
|
191
FUND |
| SHAREHOLDER |
| % |
VALUE FUND |
| RETIREMENT PORTFOLIO 2040 |
| 15.24 |
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2020 | 8.18 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2025 | 9.43 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2030 | 16.01 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2035 | 10.85 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATT FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2045 | 7.38 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN FUND ACCOUNTING DEPT |
| ||
|
| |||
| RETIREMENT PORTFOLIO 2050 | 5.81 | ||
| T ROWE PRICE ASSOCIATES |
| ||
| ATTN: FUND ACCOUNTING DEPT |
| ||
VALUE FUNDADVISOR CLASS |
| CHARLES SCHWAB & CO INC |
| 11.95 |
| REINVEST ACCOUNT |
| ||
| ATTN MUTUAL FUND DEPT |
| ||
|
| |||
| MORGAN STANLEY SMITH BARNEY | 10.56 | ||
| HARBORSIDE FINANCIAL CENTER |
| ||
|
| |||
| NATIONAL FINANCIAL SERVICES | 38.05(c) | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||
| OF OUR CUSTOMERS |
| ||
|
| |||
| VOYA INSTITUTIONAL TRUST COMPANY | 6.55 |
192
FUND |
| SHAREHOLDER |
| % | ||
VALUE FUNDI CLASS |
| NATIONAL FINANCIAL SERVICES LLC |
| 5.48 | ||
| FOR THE EXCLUSIVE BENEFIT |
| ||||
| OF OUR CUSTOMERS |
| ||||
| ATTN:MUTUAL FUNDS DEPT, 4TH FLOOR |
| ||||
|
| |||||
| RETIREMENT I 2030 FUND | 8.41 | ||||
| T ROWE PRICE ASSOCIATES |
| ||||
| ATTN FUND ACCOUNTING DEPT |
| ||||
|
| |||||
| RETIREMENT I 2040 FUND | 8.44 | ||||
| T ROWE PRICE ASSOCIATES |
| ||||
| ATTN FUND ACCOUNTING DEPT |
| ||||
|
| |||||
| WELLS FARGO BANK FBO | 5.41 | ||||
| VARIOUS RETIREMENT PLANS |
| ||||
VIRGINIA TAX-FREE BOND FUND |
| VOYA INSTITUTIONAL TRUST COMPANY |
| 6.82 | ||
|
| |||||
| CHARLES SCHWAB & CO INC | 13.34 | ||||
| REINVEST ACCOUNT |
| ||||
| ATTN MUTUAL FUND DEPT |
| ||||
(a) | T. Rowe Price Associates, Inc. is a wholly owned subsidiary of T. Rowe Price Group, Inc., each a Maryland corporation. Shares owned by T. Rowe Price Associates, Inc. may represent discretionary investments and/or a contribution to the fund at its inception that provided the fund with sufficient capital to invest in accordance with its investment program. At the level of ownership indicated, T. Rowe Price Associates, Inc. may be able to determine the outcome of most issues that were submitted to shareholders for vote. | |||||
(b) | T. Rowe Price Trust Company is a wholly owned subsidiary of T. Rowe Price Associates, Inc., which is a wholly owned subsidiary of T. Rowe Price Group, Inc., each a Maryland corporation. T. Rowe Price Trust Company is not the beneficial owner of these shares. Such shares are held of record by T. Rowe Price Trust Company and are normally voted by various retirement plans and retirement plan participants. | |||||
(c) | At the level of ownership indicated, the shareholder may be able to determine the outcome of any matters affecting a fund or one of its classes that are submitted to shareholders for vote. | |||||
(d) | The indicated percentage of the outstanding shares of this fund are owned by another T. Rowe Price fund and held in the nominee name indicated. Shares of the fund are echo-voted by the T. Rowe Price fund that owns the shares in the same proportion that the shares of the underlying fund are voted by other shareholders. | |||||
(e) | T. Rowe Price Retirement Plan Services, Inc., is a wholly owned subsidiary of T. Rowe Price Associates, Inc., which is a wholly owned subsidiary of T Rowe Price Group, Inc., each a Maryland corporation. T. Rowe Price Retirement Plan Services, Inc. is not the beneficial owner of these shares. Such shares are held of record by T. Rowe Price Retirement Plan Services, Inc. and are normally voted by various retirement plans and retirement plan participants. |
T. Rowe Price is the investment adviser for all of the Price Funds and has executed an Investment Management Agreement with each fund. For certain Price Funds, T. Rowe Price has entered into an investment sub-advisory agreement with T. Rowe Price International, Price Hong Kong, and/or Price Singapore. T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore are hereinafter referred to collectively as Investment Managers. T. Rowe Price is a wholly owned subsidiary of T. Rowe Price Group, Inc. T. Rowe Price International is a wholly owned subsidiary of T. Rowe Price. Price Hong Kong and Price Singapore are wholly owned subsidiaries of T. Rowe Price International.
Investment Management Services
Under the Investment Management Agreements, T. Rowe Price is responsible for supervising and overseeing investments of the funds in accordance with the funds investment objectives, programs, and restrictions as provided in the funds prospectuses and this SAI. In addition, T. Rowe Price provides the funds with certain
193
corporate administrative services, including: maintaining the funds corporate existence and corporate records; registering and qualifying fund shares under federal laws; monitoring the financial, accounting, and administrative functions of the funds; maintaining liaison with the agents employed by the funds such as the funds custodians, fund accounting vendor, and transfer agent; assisting the funds in the coordination of such agents activities; and permitting employees of the Investment Managers to serve as officers, directors, and committee members of the funds without cost to the funds. For those Price Funds for which T. Rowe Price has not entered into a sub-advisory agreement, T. Rowe Price is responsible for making discretionary investment decisions on behalf of the funds and is generally responsible for effecting all security transactions, including the negotiation of commissions and the allocation of principal business and portfolio brokerage.
With respect to the Africa & Middle East, Emerging Europe, Emerging Markets Local Currency Bond, Emerging Markets Stock, European Stock, Global Growth Stock, Global High Income Bond, Global Multi-Sector Bond, Global Unconstrained Bond, Institutional Africa & Middle East, Institutional Emerging Markets Equity, Institutional Frontier Markets Equity, Institutional Global Growth Equity, Institutional Global Value Equity, Institutional International Bond, Institutional International Concentrated Equity, Institutional Global Multi-Sector Bond, Institutional International Growth Equity, International Bond, International Concentrated Equity, International Discovery, International Growth & Income, International Equity Index, International Stock, Japan, Latin America, and New Asia Funds, and the Emerging Markets Local Multi-Sector Account Portfolio, T. Rowe Price has entered into a sub-advisory agreement with T. Rowe Price International under which, subject to the supervision of T. Rowe Price, T. Rowe Price International is authorized to trade securities and make discretionary investment decisions on behalf of each fund. Under the sub-advisory agreement, T. Rowe Price International is responsible for effecting all securities transactions on behalf of the funds, including the negotiation of commissions and the allocation of principal business and portfolio brokerage. For Global Multi-Sector Bond Fund, T. Rowe Price Internationals discretionary investment decisions and trading execution are limited to the funds international investment-grade fixed income investments in developed markets.
With respect to the Japan Fund and the Japanese investments of the International Discovery Fund, T. Rowe Price has entered into a sub-advisory agreement with the Tokyo Branch of T. Rowe Price International (TRPI-Tokyo) under which, subject to the supervision of T. Rowe Price, TRPI-Tokyo is authorized to trade Japanese securities and make discretionary investment decisions on behalf of each funds Japanese investments.
With respect to the Asia Opportunities, Emerging Markets Value Stock, Global Stock, Institutional International Global Focused Equity Growth, International Discovery, and New Asia Funds, T. Rowe Price has entered into a sub-advisory agreement with Price Hong Kong under which, subject to the supervision of T. Rowe Price, Price Hong Kong is authorized to trade securities and make certain discretionary investment decisions on behalf of each fund. Under the sub-advisory agreement, Price Hong Kong is responsible for selecting the funds investments in the Asia-Pacific region and effecting security transactions on behalf of the funds, including the negotiation of commissions and the allocation of principal business and portfolio brokerage.
The Investment Management Agreements also provide that T. Rowe Price, and its directors, officers, employees, and certain other persons performing specific functions for the funds, will be liable to the funds only for losses resulting from willful misfeasance, bad faith, gross negligence, or reckless disregard of duty. The sub-advisory agreements have a similar provision limiting the liability of the investment sub-adviser for errors, mistakes, and losses other than those caused by its willful misfeasance, bad faith, or gross negligence.
Under the Investment Management Agreements (and sub-advisory agreements, if applicable), the Investment Managers are permitted to utilize the services or facilities of others to provide them or the funds with statistical and other factual information, advice regarding economic factors and trends, advice as to occasional transactions in specific securities, and such other information, advice, or assistance as the Investment Managers may deem necessary, appropriate, or convenient for the discharge of their obligations under the Investment Management Agreements (and sub-advisory agreement, if applicable) or otherwise helpful to the funds.
194
Control of Investment Adviser
T. Rowe Price Group, Inc. (Group) is a publicly owned company and owns 100% of the stock of T. Rowe Price, which in turn owns 100% of T. Rowe Price International, which in turn owns 100% each of Price Hong Kong and Price Singapore. Group was formed in 2000 as a holding company for the T. Rowe Price-affiliated companies.
Management Fees
All funds except Index, Institutional, Multi-Sector Account Portfolios, TRP Reserve, Retirement Date, Spectrum, Summit Income, and Summit Municipal Funds
The funds pay T. Rowe Price a fee (Fee) which consists of two components: a Group Management Fee (Group Fee) and an Individual Fund Fee (Fund Fee). The Fee is paid monthly to T. Rowe Price on the first business day of the next succeeding calendar month and is calculated as described next.
The monthly Group Fee (Monthly Group Fee) is the sum of the daily Group Fee accruals (Daily Group Fee Accruals) for each month. The Daily Group Fee Accrual for any particular day is computed by multiplying the Price Funds group fee accrual as determined below (Daily Price Funds Group Fee Accrual) by the ratio of the Price Funds net assets for that day to the sum of the aggregate net assets of the Price Funds for that day. The Daily Price Funds Group Fee Accrual for any particular day is calculated by multiplying the fraction of one (1) over the number of calendar days in the year by the annualized Daily Price Funds Group Fee Accrual for that day as determined in accordance with the following schedule:
0.480% | First $1 billion | 0.350% | Next $2 billion | 0.300% | Next $40 billion |
0.450% | Next $1 billion | 0.340% | Next $5 billion | 0.295% | Next $40 billion |
0.420% | Next $1 billion | 0.330% | Next $10 billion | 0.290% | Next $60 billion |
0.390% | Next $1 billion | 0.320% | Next $10 billion | 0.285% | Next $80 billion |
0.370% | Next $1 billion | 0.310% | Next $16 billion | 0.280% | Next $100 billion |
0.360% | Next $2 billion | 0.305% | Next $30 billion | 0.275% | Next $100 billion |
0.270% | Thereafter |
For the purpose of calculating the Group Fee, the Price Funds include all the mutual funds distributed by Investment Services (excluding the Retirement Date Funds, Spectrum Funds, TRP Reserve Funds, and any Index or private label mutual funds). For the purpose of calculating the Daily Price Funds Group Fee Accrual for any particular day, the net assets of each Price Fund are determined in accordance with each funds prospectus as of the close of business on the previous business day on which the fund was open for business.
The monthly Fund Fee (Monthly Fund Fee) is the sum of the daily Fund Fee accruals (Daily Fund Fee Accruals) for each month. The Daily Fund Fee Accrual for any particular day is computed by multiplying the fraction of one (1) over the number of calendar days in the year by the individual fund fee. The product of this calculation is multiplied by the net assets of the fund for that day, as determined in accordance with the funds prospectus as of the close of business on the previous business day on which the fund was open for business. The individual fund fees are listed in the following tables:
Fund | Fee % | |
Africa & Middle East | 0.75 | |
Asia Opportunities | 0.50 | |
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 |
195
Fund | Fee % | |
Credit Opportunities | 0.35 | |
Diversified Mid-Cap Growth | 0.35 | |
Dividend Growth | 0.20 | |
Emerging Europe | 0.75 | |
Emerging Markets Bond | 0.45 | |
Emerging Markets Corporate Bond | 0.50 | |
Emerging Markets Local Currency Bond | 0.45 | |
Emerging Markets Stock | 0.75 | |
Emerging Markets Value Stock | 0.75 | |
Equity Income | 0.25 | (b) |
European Stock | 0.50 | |
Financial Services | 0.35 | |
Floating Rate | 0.30 | |
Georgia Tax-Free Bond | 0.10 | |
Global Allocation | 0.40 | |
Global Consumer | 0.40 | |
Global Growth Stock | 0.35 | |
Global High Income Bond | 0.30 | |
Global Industrials | 0.40 | |
Global Multi-Sector Bond | 0.20 | |
Global Real Estate | 0.40 | |
Global Stock | 0.35 | |
Global Technology | 0.45 | |
Global Unconstrained Bond | 0.20 | |
GNMA | 0.15 | |
Growth & Income | 0.25 | |
Growth Stock | 0.25 | (b) |
Health Sciences | 0.35 | |
High Yield | 0.30 | |
Inflation Protected Bond | 0.05 | |
Intermediate Tax-Free High Yield | 0.20 | |
International Bond | 0.35 | |
International Concentrated Equity | 0.35 | |
International Discovery | 0.75 | |
International Growth & Income | 0.35 | |
International Stock | 0.35 | |
Japan | 0.50 | |
Latin America | 0.75 | |
Limited Duration Inflation Focused Bond | 0.05 | |
Maryland Short-Term Tax-Free Bond | 0.10 | |
Maryland Tax-Free Bond | 0.10 | |
Maryland Tax-Free Money | 0.10 | |
Media & Telecommunications | 0.35 | |
Mid-Cap Growth | 0.35 | (c) |
Mid-Cap Value | 0.35 |
196
Fund | Fee % | |
New America Growth | 0.35 | |
New Asia | 0.50 | |
New Era | 0.25 | |
New Horizons | 0.35 | |
New Income | 0.15 | (d) |
New Jersey Tax-Free Bond | 0.10 | |
New York Tax-Free Bond | 0.10 | |
New York Tax-Free Money | 0.10 | |
Overseas Stock | 0.35 | |
Personal Strategy Balanced | 0.25 | |
Personal Strategy Growth | 0.30 | |
Personal Strategy Income | 0.15 | |
Prime Reserve | 0.05 | |
QM Global Equity | 0.25 | |
QM U.S. Small & Mid-Cap Core Equity | 0.35 | |
QM U.S. Small-Cap Growth Equity | 0.35 | |
QM U.S. Value Equity | 0.20 | |
Real Assets | 0.35 | |
Real Estate | 0.30 | |
Science & Technology | 0.35 | |
Short-Term Bond | 0.10 | |
Small-Cap Stock | 0.45 | |
Small-Cap Value | 0.35 | |
Tax-Efficient Equity | 0.35 | |
Tax-Exempt Money | 0.10 | |
Tax-Free High Yield | 0.30 | |
Tax-Free Income | 0.15 | |
Tax-Free Short-Intermediate | 0.10 | |
Tax-Free Ultra Short-Term Bond | 0.08 | |
U.S. Large-Cap Core | 0.25 | |
U.S. Treasury Intermediate | 0.00 | |
U.S. Treasury Long-Term | 0.00 | |
U.S. Treasury Money | 0.00 | |
Ultra Short-Term Bond | 0.08 | |
Value | 0.35 | (e) |
Virginia Tax-Free Bond | 0.10 |
(a) On assets up to $15 billion and 0.255% on assets above $15 billion.
(b) On assets up to $15 billion and 0.2125% on assets above $15 billion.
(c) On assets up to $15 billion and 0.30% on assets above $15 billion.
(d) On assets up to $20 billion and 0.1275% on assets equal to or greater than $20 billion.
(e) On assets up to $20 billion and 0.2975% on assets equal to or greater than $20 billion.
197
Index, Institutional, Summit Income, and Summit Municipal Funds
The following funds pay T. Rowe Price an annual investment management fee in monthly installments of the amount listed below based on the average daily net asset value of the fund.
Fund | Fee % |
Equity Index 500 | 0.10 |
Institutional Africa & Middle East | 1.00 |
Institutional Frontier Markets Equity | 1.10 |
Institutional Global Focused Growth Equity | 0.65 |
Institutional Global Growth Equity | 0.65 |
Institutional Global Value Equity | 0.65 |
Institutional International Concentrated Equity | 0.65 |
Institutional International Core Equity | 0.65 |
Institutional International Growth Equity | 0.70 |
Institutional Large-Cap Core Growth | 0.55 |
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 |
Institutional U.S. Structured Research | 0.50 |
Mid-Cap Index | 0.12 |
Small-Cap Index | 0.14 |
The following funds (Single Fee Funds) pay T. Rowe Price a single annual investment management fee in monthly installments of the amount listed below based on the average daily net asset value of the fund.
Fund | Fee % |
Extended Equity Market Index | 0.35 |
Institutional Core Plus | 0.40 |
Institutional Emerging Markets Bond | 0.70 |
Institutional Credit Opportunities | 0.65 |
Institutional Emerging Markets Equity | 1.10 |
Institutional Floating Rate | 0.55 |
Institutional Global Multi-Sector Bond | 0.50 |
Institutional High Yield | 0.50 |
Institutional International Bond | 0.55 |
Institutional Long Duration Credit | 0.45 |
International Equity Index | 0.45 |
Summit Cash Reserves | 0.45 |
Summit Municipal Income | 0.50 |
Summit Municipal Intermediate | 0.50 |
Summit Municipal Money Market | 0.45 |
Total Equity Market Index | 0.30 |
U.S. Bond Enhanced Index | 0.30 |
The Investment Management Agreement between each Single Fee Fund and T. Rowe Price provides that T. Rowe Price will pay all expenses of each funds operations except for interest; taxes; brokerage
198
commissions, and other charges incident to the purchase, sale, or lending of the funds portfolio securities; and such non-recurring or extraordinary expenses that may arise, including the costs of actions, suits, or proceedings to which the fund is a party and the expenses the fund may incur as a result of its obligation to provide indemnification to its officers, directors, and agents. However, the Boards for the funds reserve the right to impose additional fees against shareholder accounts to defray expenses which would otherwise be paid by T. Rowe Price under the Investment Management Agreement. The Boards do not anticipate levying such charges; such a fee, if charged, may be retained by the funds or paid to the Investment Managers.
The Fee is paid monthly to T. Rowe Price on the first business day of the next succeeding calendar month and is the sum of the Daily Fee accruals for each month. The Daily Fee accrual for any particular day is calculated by multiplying the fraction of one (1) over the number of calendar days in the year by the appropriate Fee. The product of this calculation is multiplied by the net assets of the fund for that day, as determined in accordance with each funds prospectus as of the close of business on the previous business day on which the fund was open for business.
Multi-Sector Account Portfolios, Retirement Date Funds, Spectrum Funds, and TRP Reserve Funds
None of these funds pays T. Rowe Price an investment management fee.
Investment Sub-advisory Agreements
Pursuant to each of the sub-advisory agreements that T. Rowe Price has entered into on behalf of a Price Fund (other than the Emerging Markets Local Multi-Sector Account Portfolio), T. Rowe Price may pay the investment subadviser up to 60% of the management fee that T. Rowe Price receives from that fund.
Management Fee Compensation
The following table sets forth the total management fees, if any, paid to the Investment Managers by each fund, during the fiscal years indicated:
Fund | Fiscal Year Ended | ||
2/28/15 | 2/28/14 | 2/28/13 | |
California Tax-Free Bond | $1,804,000 | $1,628,000 | $1,586,000 |
California Tax-Free Money | 314,000 | 322,000 | 329,000 |
Floating Rate Multi-Sector Account Portfolio | (a) | (a) | (a) |
Georgia Tax-Free Bond | 895,000 | 893,000 | 903,000 |
High Yield Multi-Sector Account Portfolio | (a) | (a) | (a) |
Intermediate Tax-Free High Yield(b) | 47,000 | (c) | (c) |
Investment-Grade Corporate Multi-Sector Account Portfolio | (a) | (a) | (a) |
Maryland Short-Term Tax-Free Bond | 863,000 | 882,000 | 885,000 |
Maryland Tax-Free Bond | 7,741,000 | 7,753,000 | 8,186,000 |
Maryland Tax-Free Money | 508,000 | 499,000 | 497,000 |
Mortgage-Backed Securities Multi-Sector Account Portfolio | (a) | (a) | (a) |
New Jersey Tax-Free Bond | 1,254,000 | 1,170,000 | 1,148,000 |
New York Tax-Free Bond | 1,700,000 | 1,628,000 | 1,703,000 |
New York Tax-Free Money | 299,000 | 322,000 | 326,000 |
Tax-Efficient Equity | 983,000 | 810,000 | 624,000 |
Tax-Exempt Money | 3,703,000 | 3,623,000 | 3,432,000 |
Tax-Free High Yield(b) | 17,870,000 | 14,365,000 | 14,083,000 |
199
Fund | Fiscal Year Ended | ||
2/28/15 | 2/28/14 | 2/28/13 | |
Tax-Free Income(b) | 11,410,000 | 12,392,000 | 13,543,000 |
Tax-Free Short-Intermediate(b) | 8,086,000 | 7,729,000 | 7,419,000 |
Tax-Free Ultra Short-Term Bond | (c) | (c) | (c) |
Virginia Tax-Free Bond | 3,737,000 | 3,684,000 | 3,907,000 |
(a) The fund does not pay an investment management fee.
(b) The fund has multiple share classes. The management fee is allocated to each class based on relative net assets.
(c) Prior to commencement of operations.
Fund | Fiscal Year Ended | ||
5/31/15 | 5/31/14 | 5/31/13 | |
Corporate Income(a) | $2,781,000 | $2,529,000 | $2,968,000 |
Credit Opportunities(a) | 228,000 | 15,000 | (b) |
Floating Rate(a) | 2,785,000 | 1,802,000 | 603,000 |
Global Multi-Sector Bond(a) | 1,424,000 | 1,209,000 | 1,392,000 |
GNMA | 7,197,000 | 6,937,000 | 8,015,000 |
TRP Government Reserve Investment | (c) | (c) | (c) |
High Yield(a) | 58,235,000 | 56,896,000 | 55,350,000 |
Inflation Protected Bond(a) | 1,332,000 | 1,297,000 | 1,928,000 |
Institutional Core Plus(a)(d) | 2,141,000 | 1,351,000 | 892,000 |
Institutional Credit Opportunities | 464,000 | 14,000 | (b) |
Institutional Floating Rate(a)(d) | 18,910,000 | 17,642,000 | 12,608,000 |
Institutional Global Multi-Sector Bond | 761,000 | 140,000 | (b) |
Institutional High Yield(d) | 11,884,000 | 14,170,000 | 13,599,000 |
Institutional Long Duration Credit | 100,000 | 65,000 | (b) |
Limited Duration Inflation Focused Bond(a) | 34,077,000 | 26,197,000 | 19,018,000 |
New Income(a) | 120,420,000 | 98,208,000 | 90,186,000 |
Personal Strategy Balanced | 11,116,000 | 10,532,000 | 9,410,000 |
Personal Strategy Growth | 9,388,000 | 8,304,000 | 7,093,000 |
Personal Strategy Income | 6,315,000 | 5,613,000 | 4,946,000 |
Prime Reserve | 22,470,000 | 22,405,000 | 19,992,000 |
TRP Reserve Investment | (c) | (c) | (c) |
Retirement 2005 | (c) | (c) | (c) |
Retirement 2010 | (c) | (c) | (c) |
Retirement 2015 | (c) | (c) | (c) |
Retirement 2020 | (c) | (c) | (c) |
Retirement 2025 | (c) | (c) | (c) |
Retirement 2030 | (c) | (c) | (c) |
Retirement 2035 | (c) | (c) | (c) |
Retirement 2040 | (c) | (c) | (c) |
Retirement 2045 | (c) | (c) | (c) |
200
Fund | Fiscal Year Ended | ||
5/31/15 | 5/31/14 | 5/31/13 | |
Retirement 2050 | (c) | (c) | (c) |
Retirement 2055 | (c) | (c) | (c) |
Retirement 2060 | (c) | (b) | (b) |
Retirement Balanced | (c) | (c) | (c) |
Retirement I 2005 FundI Class | (b) | (b) | (b) |
Retirement I 2010 FundI Class | (b) | (b) | (b) |
Retirement I 2015 FundI Class | (b) | (b) | (b) |
Retirement I 2020 FundI Class | (b) | (b) | (b) |
Retirement I 2025 FundI Class | (b) | (b) | (b) |
Retirement I 2030 FundI Class | (b) | (b) | (b) |
Retirement I 2035 FundI Class | (b) | (b) | (b) |
Retirement I 2040 FundI Class | (b) | (b) | (b) |
Retirement I 2045 FundI Class | (b) | (b) | (b) |
Retirement I 2050 FundI Class | (b) | (b) | (b) |
Retirement I 2055 FundI Class | (b) | (b) | (b) |
Retirement I 2060 FundI Class | (b) | (b) | (b) |
Retirement Balanced I FundI Class | (b) | (b) | (b) |
Short-Term Bond(a) | 25,029,000 | 25,151,000 | 26,635,000 |
Short-Term Government Reserve | (b) | (b) | (b) |
Short-Term Reserve | (c) | (c) | (c) |
Target 2005 | (c) | (b) | (b) |
Target 2010 | (c) | (b) | (b) |
Target 2015 | (c) | (b) | (b) |
Target 2020 | (c) | (b) | (b) |
Target 2025 | (c) | (b) | (b) |
Target 2030 | (c) | (b) | (b) |
Target 2035 | (c) | (b) | (b) |
Target 2040 | (c) | (b) | (b) |
Target 2045 | (c) | (b) | (b) |
Target 2050 | (c) | (b) | (b) |
Target 2055 | (c) | (b) | (b) |
Target 2060 | (c) | (b) | (b) |
U.S. Treasury Intermediate | 1,100,000 | 1,111,000 | 1,642,000 |
U.S. Treasury Long-Term | 1,016,000 | 978,000 | 1,534,000 |
U.S. Treasury Money | 5,951,000 | 5,944,000 | 5,618,000 |
Ultra Short-Term Bond | 2,145,000 | 1,585,000 | 271,000 |
(a) The fund has multiple share classes. The management fee is allocated to each class based on relative net assets.
(b) Prior to commencement of operations.
(c) The fund does not pay an investment management fee.
(d) The fee includes investment and administrative expenses.
201
Fund | Fiscal Year Ended | ||
10/31/15 | 10/31/14 | 10/31/13 | |
Africa & Middle East | $2,051,000 | $2,127,000 | $1,714,000 |
Asia Opportunities(a) | 62,000 | 62,000 | (b) |
Emerging Europe | 1,914,000 | 3,148,000 | 4,156,000 |
Emerging Markets Stock(a) | 86,623,000 | 76,506,000 | 74,566,000 |
Emerging Markets Value Stock(a) | 12,000 | (b) | (b) |
European Stock | 12,572,000 | 13,472,000 | 6,994,000 |
Global Allocation(a) | 761,000 | 472,000 | 129,000 |
Global Growth Stock(a) | 622,000 | 564,000 | 500,000 |
Global Stock(a) | 3,269,000 | 3,184,000 | 3,107,000 |
Institutional Africa & Middle East | 2,112,000 | 2,242,000 | 1,683,000 |
Institutional Emerging Markets Equity(c) | 10,763,000 | 11,165,000 | 11,106,000 |
Institutional Frontier Markets Equity | 461,000 | 2,000 | (b) |
Institutional Global Focused Growth Equity | 575,000 | 588,000 | 1,052,000 |
Institutional Global Growth Equity | 1,837,000 | 1,125,000 | 798,000 |
Institutional Global Value Equity | 60,000 | 64,000 | 55,000 |
Institutional International Concentrated Equity | 1,431,000 | 590,000 | 55,000 |
Institutional International Core Equity | 885,000 | 595,000 | 461,000 |
Institutional International Growth Equity | 487,000 | 595,000 | 664,000 |
International Concentrated Equity(a) | 54,000 | 4,000 | (b) |
International Discovery(a) | 40,917,000 | 38,133,000 | 32,101,000 |
International Equity Index(c) | 2,605,000 | 2,723,000 | 2,172,000 |
International Growth & Income(a) | 72,757,000 | 61,730,000 | 45,084,000 |
International Stock(a) | 90,186,000 | 81,500,000 | 69,045,000 |
Japan | 2,384,000 | 2,478,000 | 1,863,000 |
Latin America | 6,837,000 | 10,891,000 | 15,990,000 |
New Asia(a) | 32,174,000 | 32,956,000 | 37,272,000 |
Overseas Stock(a) | 66,838,000 | 54,658,000 | 38,682,000 |
Summit Cash Reserves(c) | 22,901,000 | 27,243,000 | 25,538,000 |
Summit Municipal Income(a)(c) | 5,056,000 | 4,184,000 | 4,113,000 |
Summit Municipal Intermediate(a)(c) | 20,072,000 | 17,245,000 | 12,445,000 |
Summit Municipal Money Market(c) | 877,000 | 846,000 | 888,000 |
U.S. Bond Enhanced Index(c) | 1,823,000 | 1,716,000 | 2,077,000 |
(a) The fund has multiple share classes. The management fee is allocated to each class based on relative net assets.
(b) Prior to commencement of operations.
(c) The fee includes investment management fees and administrative expenses.
Fund | Fiscal Year Ended | ||
12/31/15 | 12/31/14 | 12/31/13 | |
Balanced(a) | $18,170,000 | $18,176,000 | $16,318,000 |
Blue Chip Growth(a) | 165,888,000 | 141,866,000 | 108,419,000 |
202
Fund | Fiscal Year Ended | ||
12/31/15 | 12/31/14 | 12/31/13 | |
Capital Appreciation(a) | 141,909,000 | 126,636,000 | 98,302,000 |
Capital Opportunity(a) | 3,248,000 | 3,225,000 | 2,508,000 |
Diversified Mid-Cap Growth | 2,967,000 | 2,174,000 | 1,625,000 |
Dividend Growth(a) | 23,129,000 | 20,942,000 | 17,281,000 |
Emerging Markets Bond(a) | 33,766,000 | 32,526,000 | 29,399,000 |
Emerging Markets Corporate Bond(a) | 1,040,000 | 962,000 | 539,000 |
Emerging Markets Corporate Multi-Sector Account Portfolio | (c) | (c) | (c) |
Emerging Markets Local Currency Bond(a) | 1,325,000 | 565,000 | 437,000 |
Emerging Markets Local Multi-Sector Account Portfolio | (c) | (c) | (c) |
Equity Income(a) | 140,603,000 | 157,225,000 | 145,835,000 |
Equity Index 500(a) | 25,084,000 | 22,318,000 | 17,920,000 |
Extended Equity Market Index(b) | 2,893,000 | 2,982,000 | 2,274,000 |
Financial Services | 3,729,000 | 3,355,000 | 3,281,000 |
Global Consumer | (d) | (d) | (d) |
Global High Income Bond(a) | 137,000 | (d) | (d) |
Global Industrials | 117,000 | 117,000 | 14,000 |
Global Real Estate(a) | 1,649,000 | 1,382,000 | 1,394,000 |
Global Technology | 15,414,000 | 9,371,000 | 5,783,000 |
Global Unconstrained Bond(a) | 153,000 | (d) | (d) |
Growth & Income | 8,526,000 | 8,086,000 | 7,182,000 |
Growth Stock(a) | 233,803,000 | 218,346,000 | 185,883,000 |
Health Sciences | 92,442,000 | 63,054,000 | 45,024,000 |
Institutional Emerging Markets Bond(b) | 2,316,000 | 2,188,000 | 1,831,000 |
Institutional International Bond(b) | 1,834,000 | 1,634,000 | 1,101,000 |
Institutional Large-Cap Core Growth | 10,166,000 | 6,827,000 | 4,351,000 |
Institutional Large-Cap Growth | 70,001,000 | 59,247,000 | 41,104,000 |
Institutional Large-Cap Value | 12,843,000 | 11,017,000 | 7,366,000 |
Institutional Mid-Cap Equity Growth | 30,581,000 | 27,442,000 | 21,569,000 |
Institutional Small-Cap Stock | 13,857,000 | 10,755,000 | 8,603,000 |
Institutional U.S. Structured Research | 3,914,000 | 3,694,000 | 3,096,000 |
International Bond(a) | 31,748,000 | 32,124,000 | 32,733,000 |
Media & Telecommunications | 21,321,000 | 21,015,000 | 17,569,000 |
Mid-Cap Growth(a) | 156,850,000 | 147,713,000 | 131,629,000 |
Mid-Cap Index(a) | (d) | (d) | (d) |
Mid-Cap Value(a) | 75,979,000 | 77,399,000 | 68,332,000 |
New America Growth(a) | 28,057,000 | 27,754,000 | 26,375,000 |
New Era(a) | 17,608,000 | 23,977,000 | 24,189,000 |
New Horizons(a) | 101,887,000 | 99,719,000 | 82,332,000 |
QM Global Equity(a) | (d) | (d) | (d) |
QM U.S. Small & Mid-Cap Core Equity(a) | (d) | (d) | (d) |
203
Fund | Fiscal Year Ended | ||
12/31/15 | 12/31/14 | 12/31/13 | |
QM U.S. Small-Cap Growth Equity | 9,942,000 | 5,356,000 | 3,731,000 |
QM U.S. Value Equity(a) | (d) | (d) | (d) |
Real Assets(a) | 29,069,000 | 26,844,000 | 21,111,000 |
Real Estate(a) | 31,036,000 | 26,647,000 | 22,547,000 |
Science & Technology(a) | 23,947,000 | 22,859,000 | 18,353,000 |
Small-Cap Index(a) | (d) | (d) | (d) |
Small-Cap Stock(a) | 67,139,000 | 73,860,000 | 66,844,000 |
Small-Cap Value(a) | 53,605,000 | 62,212,000 | 58,418,000 |
Spectrum Growth | (c) | (c) | (c) |
Spectrum Income | (c) | (c) | (c) |
Spectrum International | (c) | (c) | (c) |
Total Equity Market Index(b) | 3,933,000 | 3,619,000 | 2,971,000 |
U.S. Large-Cap Core(a) | 717,000 | 486,000 | 345,000 |
Value(a) | 143,436,000 | 131,016,000 | 102,361,000 |
(a) The fund has multiple classes. The management fee is allocated to each class based on relative net assets.
(b) The fee includes investment management fees and administrative expenses.
(c) The fund does not pay an investment management fee.
(d) Prior to commencement of operations.
Expense Limitations and Reimbursements
The following charts set forth contractual expense ratio limitations and the periods for which they are effective. The first chart sets forth the expense limitations for each fund and class except I Classes. For each fund and class (except I Classes), T. Rowe Price has agreed to bear any fund expenses (other than interest, taxes, brokerage, and other expenditures that are capitalized in accordance with generally accepted accounting principles, extraordinary expenses, and acquired fund fees) which would cause the funds ratio of expenses to average daily net assets to exceed the indicated percentage limitation. Fees waived and expenses borne by T. Rowe Price are subject to reimbursement by the funds through the indicated reimbursement date, provided no reimbursement will be made if it would result in a funds expense ratio exceeding its applicable limitation.
The second chart, described in more detail at the beginning of the table, sets forth the expense limitations on the operating expenses for each I Class.
Fund | Limitation Period | Expense Ratio Limitation % | Reimbursement Date |
Asia Opportunities | May 21, 2014 February 28, 2017 | 1.15 | (a) |
Asia Opportunities FundAdvisor Class | May 21, 2014 February 28, 2017 | 1.25 | (a) |
California Tax-Free Money(b) | July 1, 2015 June 30, 2017 | 0.55 | (a) |
Capital Opportunity FundR Class | May 1, 2014 April 30, 2016 | 1.35 | April 30, 2018(c) |
Credit Opportunities | April 29, 2014 September 30, 2016 | 0.90 | (a) |
Credit Opportunities FundAdvisor Class | April 29, 2014 September 30, 2016 | 1.00 | (a) |
Emerging Markets Bond FundAdvisor Class | August 28, 2015 April 30, 2018 | 1.20 | April 30, 2020(c) |
Emerging Markets Corporate Bond(d) | May 1, 2015 April 30, 2017 | 1.15 | (a) |
204
Fund | Limitation Period | Expense Ratio Limitation % | Reimbursement Date |
Emerging Markets Corporate Bond FundAdvisor Class(e) | May 1, 2015 April 30, 2017 | 1.25 | (a) |
Emerging Markets Local Currency Bond(f) | May 1, 2016 April 30, 2018 | 1.10 | (a) |
Emerging Markets Local Currency Bond FundAdvisor Class(g) | May 1, 2016 April 30, 2018 | 1.20 | (a) |
Emerging Markets Value Stock | August 24, 2015 February 28, 2018 | 1.50 | (a) |
Emerging Markets Value Stock FundAdvisor Class | August 24, 2015 February 28, 2018 | 1.65 | (a) |
Equity Index 500(h) | May 1, 2016 April 30, 2018 | 0.30 | April 30, 2020(c) |
Floating Rate(i) | October 1, 2015 September 30, 2017 | 0.85 | (a) |
Floating Rate FundAdvisor Class(j) | October 1, 2015 September 30, 2017 | 0.95 | (a) |
Global Allocation(k) | March 1, 2016 February 28, 2018 | 1.05 | (a) |
Global Allocation FundAdvisor Class(l) | March 1, 2016 February 28, 2018 | 1.15 | (a) |
Global Growth Stock(m) | March 1, 2015 February 28, 2017 | 1.00 | (a) |
Global Growth Stock FundAdvisor Class(n) | March 1, 2015 February 28, 2017 | 1.10 | (a) |
Global High Income Bond | January 22, 2015 April 30, 2017 | 0.85 | (a) |
Global High Income Bond FundAdvisor Class | January 22, 2015 April 30, 2017 | 1.00 | (a) |
Global Industrials(o) | May 1, 2016 April 30, 2018 | 1.05 | (a) |
Global Multi-Sector Bond FundAdvisor Class(p) | October 1, 2015 September 30, 2017 | 0.95 | (a) |
Global Real Estate(q) | May 1, 2015 April 30, 2017 | 1.05 | (a) |
Global Real Estate FundAdvisor Class(r) | May 1, 2015 April 30, 2017 | 1.15 | (a) |
Global Stock FundAdvisor Class(s) | March 1, 2016 February 28, 2018 | 1.15 | February 29, 2020(c) |
Global Unconstrained Bond | January 22, 2015 April 30, 2017 | 0.75 | (a) |
Global Unconstrained Bond FundAdvisor Class | January 22, 2015 April 30, 2017 | 0.90 | (a) |
Inflation Protected Bond(t) | October 1, 2014 September 30, 2016 | 0.50 | September 30, 2018(c) |
Institutional Frontier Markets Equity | September 22, 2014 February 28, 2017 | 1.35 | (a) |
Institutional Global Focused Growth Equity(u) | March 1, 2015 February 28, 2017 | 0.75 | (a) |
Institutional Global Growth Equity(v) | March 1, 2015 February 28, 2017 | 0.75 | (a) |
Institutional Global Value Equity(w) | March 1, 2016 February 28, 2018 | 0.75 | (a) |
Institutional International Concentrated Equity(x) | March 1, 2015 February 28, 2017 | 0.75 | (a) |
Institutional International Core Equity(y) | March 1, 2015 February 28, 2017 | 0.75 | (a) |
Institutional International Growth Equity(z) | March 1, 2016 February 28, 2018 | 0.75 | February 29, 2020(c) |
Institutional U.S. Structured Research | May 1, 2014 April 30, 2016 | 0.55 | (a) |
Intermediate Tax-Free High Yield | July 24, 2014 June 30, 2017 | 0.75 | (a) |
Intermediate Tax-Free High Yield FundAdvisor Class | July 24, 2014 June 30, 2017 | 0.85 | (a) |
International Concentrated Equity | August 22, 2014 February 28, 2017 | 0.90 | (a) |
International Concentrated Equity FundAdvisor Class | August 22, 2014 February 28, 2017 | 1.00 | (a) |
International Stock FundR Class(aa) | March 1, 2016 February 28, 2018 | 1.40 | (a) |
Limited Duration Inflation Focused Bond | September 1, 2015 - September 30, 2017 | 0.50 | (a) |
205
Fund | Limitation Period | Expense Ratio Limitation % | Reimbursement Date |
Mid-Cap Index | December 9, 2015 April 30, 2018 | 0.32 | (a) |
New Income FundR Class(bb) | October 1, 2014 September 30, 2016 | 1.15 | (a) |
New York Tax-Free Money(cc) | July 1, 2015 June 30, 2017 | 0.55 | (a) |
Overseas Stock FundAdvisor Class | August 28, 2015 February 28, 2018 | 1.10 | (a) |
QM Global Equity Fund | April 15, 2016 April 30, 2018 | 0.79 | (a) |
QM Global Equity FundAdvisor Class | April 15, 2016 April 30, 2018 | 1.04 | (a) |
QM U.S. Small & Mid-Cap Core Equity Fund | February 26, 2016- April 30, 2018 | 0.89 | (a) |
QM U.S. Small & Mid-Cap Core Equity FundAdvisor Class | February 26, 2016 April 30, 2018 | 1.14 | (a) |
QM U.S. Value Equity Fund | February 26, 2016 April 30, 2018 | 0.74 | (a) |
QM U.S. Value Equity FundAdvisor Class | February 26, 2016 April 30, 2018 | 0.99 | (a) |
Small-Cap Index | December 9, 2015 April 30, 2018 | 0.34 | (a) |
Tax-Free Short-Intermediate FundAdvisor Class(dd) | July 1, 2015 June 30, 2017 | 0.85 | (a) |
U.S. Large-Cap Core | May 1, 2014 April 30, 2016 | 1.15 | (a) |
U.S. Large-Cap Core FundAdvisor Class(ee) | May 1, 2016 April 30, 2018 | 1.20 | (a) |
Ultra Short-Term Bond(ff) | October 1, 2015 September 30, 2017 | 0.35 | (a) |
(a) No reimbursement will be made more than three years after any waiver or payment.
(b) The California Tax-Free Money Fund previously operated under a 0.55% expense limitation that expired June 30, 2015.
(c) No reimbursement will be made after the reimbursement date or three years after any waiver or payment, whichever is sooner.
(d) The Emerging Markets Corporate Bond Fund previously operated under a 1.15% expense limitation that expired April 30, 2015.
(e) The Emerging Markets Corporate Bond FundAdvisor Class previously operated under a 1.25% expense limitation that expired April 30, 2015.
(f) The Emerging Markets Local Currency Bond Fund previously operated under a 1.10% expense limitation that expired April 30, 2016.
(g) The Emerging Markets Local Currency Bond FundAdvisor Class previously operated under a 1.20% expense limitation that expired April 30, 2016.
(h) The Equity Index 500 Fund previously operated under a 0.30% expense limitation that expired April 30, 2016. The reimbursement period for this limitation extends through April 30, 2018.
(i) The Floating Rate Fund previously operated under a 0.85% expense limitation that expired September 30, 2015.
(j) The Floating Rate FundAdvisor Class previously operated under a 0.95% expense limitation that expired September 30, 2015.
(k) The Global Allocation Fund previously operated under a 1.05% expense limitation that expired February 29, 2016.
(l) The Global Allocation FundAdvisor Class previously operated under a 1.15% expense limitation that expired February 29, 2016.
(m) The Global Growth Stock Fund previously operated under a 1.00% expense limitation that expired February 28, 2015.
(n) The Global Growth Stock FundAdvisor Class previously operated under a 1.10% expense limitation that expired February 28, 2015.
(o) The Global Industrials Fund previously operated under a l.05% expense limitation that expired April 30, 2016.
(p) The Global Multi-Sector Bond FundAdvisor Class previously operated under a 0.95% expense limitation that expired September 30, 2015. The reimbursement period for this limitation extends through September 30, 2017.
206
(q) The Global Real Estate Fund previously operated under a 1.05% expense limitation that expired April 30, 2015.
(r) The Global Real Estate FundAdvisor Class previously operated under a 1.15% expense limitation that expired April 30, 2015.
(s) The Global Stock FundAdvisor Class previously operated under a 1.15% expense limitation that expired February 29, 2016. The reimbursement period for this limitation extends through February 28, 2018.
(t) The Inflation Protected Bond Fund previously operated under a 0.50% expense limitation that expired September 30, 2014. The reimbursement period for this limitation extends through September 30, 2016.
(u) The Institutional Global Focused Growth Equity Fund previously operated under a 0.75% expense limitation that expired February 28, 2015.
(v) The Institutional Global Growth Equity Fund previously operated under a 0.75% expense limitation that expired February 28, 2015.
(w) The Institutional Global Value Equity Fund previously operated under a 0.75% expense limitation that expired February 29, 2016. The reimbursement period for this limitation extends through February 28, 2018.
(x) The Institutional International Concentrated Equity Fund previously operated under a 0.75% expense limitation that expired February 28, 2015.
(y) The Institutional International Core Equity Fund previously operated under a 0.75% expense limitation that expired February 28, 2015.
(z) The Institutional International Growth Equity Fund previously operated under a 0.75% expense limitation that expired February 29, 2016. The reimbursement period for this limitation extends through February 28, 2018.
(aa) The International Stock FundR Class previously operated under a 1.40% expense limitation that expired February 29, 2016.
(bb) The New Income FundR Class previously operated under a 1.15% expense limitation that expired September 30, 2014.
(cc) The New York Tax-Free Money Fund previously operated under a 0.55% expense limitation that expired June 30, 2015.
(dd) The Tax-Free Short-Intermediate FundAdvisor Class previously operated under a 0.85% expense limitation that expired June 30, 2015.
(ee) The U.S. Large-Cap Core FundAdvisor Class previously operated under a 1.20% expense limitation that expired April 30, 2016.
(ff) The Ultra Short-Term Bond Fund previously operated under a 0.35% expense limitation that expired September 30, 2015.
The Investment Management Agreements between the funds and T. Rowe Price provide that each fund will bear all expenses of its operations not specifically assumed by the Investment Managers.
For the purpose of determining whether a fund is entitled to expense limitation, the expenses of a fund are calculated on a monthly basis. If a fund is entitled to expense limitation, that months advisory fee will be reduced or waived, with any adjustment made after the end of the year.
Except for the California and New York Tax-Free Funds, each of the above-referenced funds limitation also provides that one or more additional expense limitation periods (of the same or different time periods) may be implemented after the expiration of the current expense limitation, and that with respect to any such additional limitation period, the funds may reimburse T. Rowe Price, provided the reimbursement does not result in the funds aggregate expenses exceeding the additional expense limitation. No reimbursement may be made by the California and New York Tax-Free Funds unless approved by shareholders.
Asia Opportunities Fund and Asia Opportunities FundAdvisor Class At October 31, 2015, expenses in the amount of $318,000 were waived/paid. Including these amounts, expenses previously waived/paid in the amount of $458,000 remain subject to repayment.
Balanced FundI Class At December 31, 2015, less than $1,000 of expenses were waived/paid by the manager and remain subject to repayment.
207
California Tax-Free Money Fund At February 28, 2015, management fees in the amount of $110,000 were waived. Including these amounts, management fees waived in the amount of $309,000 remain subject to repayment.
Capital Appreciation FundI Class At December 31, 2015, less than $1,000 of expenses were waived/paid by the manager and remain subject to repayment.
Capital Opportunity FundR Class At December 31, 2015, there were no amounts subject to repayment. The fund operated below its expense limit.
Credit Opportunities Fund and Credit Opportunities FundAdvisor Class At May 31, 2015, management fees in the amount of $224,000 were waived and expenses in the amount of $125,000 were reimbursed by the manager. Including these amounts, management fees waived and expenses previously reimbursed by the manager in the amount of $388,000 remain subject to repayment.
Emerging Markets Bond FundAdvisor Class and Emerging Markets Bond FundI Class At December 31, 2015, $1,000 of expenses were waived/paid by the manager and remain subject to repayment.
Emerging Markets Corporate Bond Fund, Emerging Markets Corporate Bond FundAdvisor Class, and Emerging Markets Corporate Bond FundI Class At December 31, 2015, expenses in the amount of $55,000 were waived/paid. Including these amounts, expenses previously waived/paid by the manager in the amount of $453,000 remain subject to repayment.
Emerging Markets Local Currency Bond Fund, Emerging Markets Local Currency Bond FundAdvisor Class, and Emerging Markets Local Currency Bond FundI Class At December 31, 2015, management fees in the amount of $2,000 were repaid. Including these amounts, expenses previously waived/paid by the manager in the amount of $614,000 remain subject to repayment.
Emerging Markets Value Stock Fund and Emerging Markets Value Stock FundAdvisor Class At October 31, 2015, expenses in the amount of $46,000 were waived/paid and remain subject to repayment.
Emerging Markets Stock FundI Class At October 31, 2015, there were no amounts subject to repayment. The fund operated below its expense limit.
Equity Income FundI Class At December 31, 2015, less than $1,000 of expenses were waived/paid by the manager and remain subject to repayment.
Equity Index 500 FundI Class At December 31, 2015, $1,000 of expenses were waived and remain subject to repayment.
Floating Rate Fund and Floating Rate FundAdvisor Class At May 31, 2015, expenses in the amount of $209,000 were repaid to the manager. Including these amounts, expenses previously reimbursed by the manager in the amount of $258,000 remain subject to repayment.
Global Allocation Fund and Global Allocation FundAdvisor Class At October 31, 2015, expenses in the amount of $166,000 were waived/paid. Including these amounts, expenses previously waived/paid by the manager in the amount of $735,000 remain subject to repayment.
Global Growth Stock Fund and Global Growth Stock FundAdvisor Class At October 31, 2015, expenses in the amount of $148,000 were waived/paid by the manager. Including these amounts, expenses previously waived/paid by the manager in the amount of $467,000 remain subject to repayment.
Global High Income Bond Fund, Global High Income Bond FundAdvisor Class, and Global High Income Bond FundI Class At December 31, 2015, $314,000 of expenses were waived/paid by the manager and remain subject to repayment.
Global Industrials Fund At December 31, 2015, $226,000 of expenses were waived/paid. Including these amounts, expenses previously waived/paid by the manger in the amount of $534,000 remain subject to repayment.
208
Global Multi-Sector Bond FundAdvisor Class At May 31, 2015, expenses in the amount of $6,000 were reimbursed by the manager. Including these amounts, expenses previously reimbursed by the manager in the amount of $14,000 remain subject to repayment.
Global Real Estate Fund and Global Real Estate FundAdvisor Class At December 31, 2015, $17,000 of expenses were repaid. Including these amounts, expenses previously waived/paid by the manager in the amount of $664,000 remain subject to repayment.
Global Stock FundAdvisor Class At October 31, 2015, expenses in the amount of $2,000 were waived/paid by the manager. Including these amounts, expenses previously waived/paid by the manager in the amount of $8,000 remain subject to repayment.
Global Unconstrained Bond Fund, Global Unconstrained Bond FundAdvisor Class, and Global Unconstrained Bond FundI Class At December 31, 2015, $297,000 of expenses were waived/paid by the manager and remain subject to repayment.
Growth Stock FundI Class At December 31, 2015, there were no amounts subject to repayment. The fund operated below its expense limit.
International Bond FundI Class At December 31, 2015, less than $1,000 of expenses were waived/paid by the manager and remain subject to repayment.
Inflation Protected Bond Fund At May 31, 2015, management fees in the amount of $305,000 were waived. Including these amounts, management fees waived in the amount of $864,000 remain subject to repayment.
Institutional Africa & Middle East Fund At October 31, 2015, there were no amounts subject to repayment. The fund operated below its expense limit.
Institutional Frontier Markets Equity Fund At October 31, 2015, expenses in the amount of $203,000 were waived/paid. Including these amounts, expenses previously waived/paid by the manager in the amount of $248,000 remain subject to repayment.
Institutional Global Focused Growth Equity Fund At October 31, 2015, expenses in the amount of $182,000 were waived/paid by the manager. Including these amounts, expenses previously waived/paid in the amount of $467,000 remain subject to repayment.
Institutional Global Growth Equity Fund At October 31, 2015, expenses in the amount of $51,000 were waived/paid by the manager. Including these amounts, expenses previously waived/paid by the manager in the amount of $320,000 remain subject to repayment.
Institutional Global Value Equity Fund At October 31, 2015, expenses in the amount of $269,000 were waived/paid by the manager. Including these amounts, management fees waived and expenses previously paid by the manager in the amount of $756,000 remain subject to repayment.
Institutional International Concentrated Equity Fund At October 31, 2015, expenses in the amount of $83,000 were waived/paid by the manager. Including these amounts, management fees waived and expenses previously paid by the manager in the amount of $453,000 remain subject to repayment.
Institutional International Core Equity Fund At October 31, 2015, expenses in the amount of $176,000 were waived/paid by the manager. Including these amounts, expenses waived/paid in the amount of $503,000 remain subject to repayment.
Institutional International Growth Equity Fund At October 31, 2015, expenses in the amount of $245,000 were waived/paid by the manager. Including these amounts, expenses previously waived/paid in the amount of $699,000 remain subject to repayment.
Institutional Large-Cap Core Growth Fund At December 31, 2015, there were no amounts subject to repayment. The fund operated below its expense limit.
Institutional U.S. Structured Research Fund At December 31, 2015, there were no amounts subject to repayment. The fund operated below its expense limit.
209
Intermediate Tax-Free High Yield Fund At February 28, 2015, management fees in the amount of $47,000 were waived and expenses in the amount of $141,000 were reimbursed by the manager. Including these amounts, management fees waived and expenses previously reimbursed by the manager in the amount of $188,000 remain subject to repayment.
International Concentrated Equity Fund and International Concentrated Equity FundAdvisor Class At October 31, 2015, expenses in the amount of $331,000 were waived/paid by the manager. Including these amounts, expenses previously waived/paid by the manager in the amount of $391,000 remain subject to repayment.
International Growth & Income FundI Class At October 31, 2015, there were no amounts subject to repayment. The fund operated below its expense limit.
International Stock FundI Class At October 31, 2015, there were no amounts subject to repayment. The fund operated below its expense limit.
International Stock FundR Class At October 31, 2015, expenses in the amount of $1,000 were repaid to the manager. Including these amounts, expenses previously waived/paid by the manager in the amount of $3,000 remain subject to repayment.
Mid-Cap Value FundI Class At December 31, 2015, there were no amounts subject to repayment. The fund operated below its expense limit.
New America Growth FundI Class At December 31, 2015, less than $1,000 of expenses were waived/paid by the manager and remain subject to repayment.
New Era FundI Class At December 31, 2015, there were no amounts subject to repayment. The fund operated below its expense limit.
New Income FundR Class At May 31, 2015, expenses in the amount of $4,000 were reimbursed by the manager. Including these amounts, expenses previously reimbursed by the manager in the amount of $19,000 remain subject to repayment.
New York Tax-Free Money Fund At February 28, 2015, management fees in the amount of $117,000 were waived. Including these amounts, management fees waived in the amount of $321,000 remain subject to repayment.
Overseas Stock FundAdvisor Class and Overseas Stock FundI Class At October 31, 2015, expenses in the amount of $1,000 were waived/paid. Including these amounts, expenses previously waived/paid by the manager in the amount of $1,000 remain subject to repayment.
Real Assets FundI Class At December 31, 2015, $1,000 of expenses were waived/paid by the manager and remain subject to repayment.
Real Estate FundI Class At December 31, 2015, less than $1,000 of expenses were waived/paid by the manager and remain subject to repayment.
Small-Cap Index Fund and Small-Cap Index FundI Class At December 31, 2015, $34,000 of expenses were waived/paid by the manager and remain subject to repayment.
Small-Cap Value FundI Class At December 31, 2015, $1,000 of expenses were waived/paid by the manager and remain subject to repayment.
U.S. Large-Cap Core and U.S. Large-Cap Core GrowthAdvisor Class At December 31, 2015, expenses in the amount of $111,000 were repaid. Including these amounts, expenses previously waived/paid by the manager in the amount of $0 remain subject to repayment.
Ultra Short-Term Bond Fund At May 31, 2015, management fees waived and expenses previously reimbursed by the manager in the amount of $553,000 were waived. Including these amounts, management fees waived and expenses previously reimbursed by the manager in the amount of $1,312,000 remain subject to repayment.
210
The following chart sets forth contractual operating expense limitations for the I Class of each fund, if any, and the periods for which they are effective. For each fund, T. Rowe Price has agreed to pay the operating expenses of the funds I Class excluding management fees; interest; expenses related to borrowings, taxes and brokerage; nonrecurring, extraordinary expenses; and acquired fund fees and expenses (I Class Operating Expenses), to the extent the I Class Operating Expenses exceed 0.05% of the class average daily net assets. Any expenses paid under the agreement are subject to reimbursement to T. Rowe Price by the fund or class whenever the funds I Class Operating Expenses are below 0.05%. However, no reimbursement will be made more than three years after the payment of the I Class Operating Expenses or if such reimbursement would cause the funds I Class Operating Expenses to exceed 0.05%.
Fund | Limitation Period | |
Balanced FundI Class | December 15, 2015 April 30, 2018 | |
Blue Chip Growth FundI Class | December 15, 2015 April 30, 2018 | |
Capital Appreciation FundI Class | December 15, 2015 April 30, 2018 | |
Corporate Income FundI Class | December 15, 2015 September 30, 2018 | |
Dividend Growth FundI Class | December 15, 2015 April 30, 2018 | |
Emerging Markets Bond FundI Class | August 28, 2015 April 30, 2018 | |
Emerging Markets Corporate Bond FundI Class | December 15, 2015 April 30, 2018 | |
Emerging Markets Local Currency Bond FundI Class | December 15, 2015 April 30, 2018 | |
Emerging Markets Stock FundI Class | August 28, 2015 February 28, 2018 | |
Equity Income FundI Class | December 15, 2015 April 30, 2018 | |
Equity Index 500 FundI Class | August 28, 2015 April 30, 2018 | |
Global Allocation FundI Class | March 23, 2016 February 28, 2018 | |
Global High Income Bond FundI Class | August 28, 2015 April 30, 2018 | |
Global Multi-Sector Bond FundI Class | March 23, 2016 September 30, 2018 | |
Global Unconstrained Bond FundI Class | August 28, 2015 April 30, 2018 | |
Growth Stock FundI Class | August 28, 2015 April 30, 2018 | |
Health Sciences FundI Class | March 23, 2016 April 30, 2018 | |
High Yield FundI Class | August 28, 2015 September 30, 2017 | |
Inflation Protected Bond FundI Class | December 15, 2015 September 30, 2018 | |
International Bond FundI Class | August 28, 2015 April 30, 2018 | |
International Discovery FundI Class | December 15, 2015 February 28, 2018 | |
International Growth & Income FundI Class | August 28, 2015 February 28, 2018 | |
International Stock FundI Class | August 28, 2015 February 28, 2018 | |
Limited Duration Inflation Focused Bond FundI Class | September 29, 2015 September 30, 2017 | |
Media & Telecommunications FundI Class | March 23, 2016 April 30, 2018 | |
Mid-Cap Growth FundI Class | August 28, 2015 April 30, 2018 | |
Mid-Cap Index FundI Class | December 9, 2015 April 30, 2018 | |
Mid-Cap Value FundI Class | August 28, 2015 April 30, 2018 | |
New Asia FundI Class | December 15, 2015 February 28, 2018 | |
New America Growth FundI Class | December 15, 2015 April 30, 2018 | |
New Era FundI Class | December 15, 2015 April 30, 2018 | |
New Horizons FundI Class | August 28, 2015 April 30, 2018 |
211
Fund | Limitation Period | |
New Income FundI Class | August 28, 2015 September 30, 2017 | |
Overseas Stock FundI Class | August 28, 2015 February 28, 2018 | |
Personal Strategy Balanced FundI Class | March 23, 2016 September 30, 2018 | |
Personal Strategy Growth FundI Class | March 23, 2016 September 30, 2018 | |
Personal Strategy Income FundI Class | March 23, 2016 September 30, 2018 | |
QM Global Equity FundI Class | April 15, 2016 April 30, 2018 | |
QM U.S. Small & Mid-Cap Core Equity FundI Class | February 26, 2016 April 30, 2018 | |
QM U.S. Small-Cap Growth Equity FundI Class | March 23, 2016 April 30, 2018 | |
QM U.S. Value Equity FundI Class | February 26, 2016 April 30, 2018 | |
Real Assets FundI Class | August 28, 2015 April 30, 2018 | |
Real Estate FundI Class | December 15, 2015 April 30, 2018 | |
Retirement I 2005 FundI Class | September 29, 2015 September 30, 2017 | |
Retirement I 2010 FundI Class | September 29, 2015 September 30, 2017 | |
Retirement I 2015 FundI Class | September 29, 2015 September 30, 2017 | |
Retirement I 2020 FundI Class | September 29, 2015 September 30, 2017 | |
Retirement I 2025 FundI Class | September 29, 2015 September 30, 2017 | |
Retirement I 2030 FundI Class | September 29, 2015 September 30, 2017 | |
Retirement I 2035 FundI Class | September 29, 2015 September 30, 2017 | |
Retirement I 2040 FundI Class | September 29, 2015 September 30, 2017 | |
Retirement I 2045 FundI Class | September 29, 2015 September 30, 2017 | |
Retirement I 2050 FundI Class | September 29, 2015 September 30, 2017 | |
Retirement I 2055 FundI Class | September 29, 2015 September 30, 2017 | |
Retirement I 2060 FundI Class | September 29, 2015 September 30, 2017 | |
Retirement Balanced I FundI Class | September 29, 2015 September 30, 2017 | |
Science & Technology FundI Class | March 23, 2016 April 30, 2018 | |
Short-Term Bond FundI Class | December 15, 2015 September 30, 2018 | |
Target 2005 FundI Class | February 26, 2016 September 30, 2018 | |
Target 2010 FundI Class | February 26, 2016 September 30, 2018 | |
Target 2015 FundI Class | February 26, 2016 September 30, 2018 | |
Target 2020 FundI Class | February 26, 2016 September 30, 2018 | |
Target 2025 FundI Class | February 26, 2016 September 30, 2018 | |
Target 2030 FundI Class | February 26, 2016 September 30, 2018 | |
Target 2035 FundI Class | February 26, 2016 September 30, 2018 | |
Target 2040 FundI Class | February 26, 2016 September 30, 2018 | |
Target 2045 FundI Class | February 26, 2016 September 30, 2018 | |
Target 2050 FundI Class | February 26, 2016 September 30, 2018 | |
Target 2055 FundI Class | February 26, 2016 September 30, 2018 | |
Target 2060 FundI Class | February 26, 2016 September 30, 2018 | |
Small-Cap Index FundI Class | December 9, 2015 April 30, 2018 | |
Small-Cap Stock FundI Class | August 28, 2015 April 30, 2018 | |
Small-Cap Value FundI Class | August 28, 2015 April 30, 2018 |
212
Fund | Limitation Period |
Value FundI Class | August 28, 2015 April 30, 2018 |
Management Related Services
In addition to the management fee, the funds (other than the Single-Fee Funds) pay for the following: shareholder service expenses; custodial, accounting, legal, and audit fees; costs of preparing and printing prospectuses and reports sent to shareholders; registration fees and expenses; proxy and annual meeting expenses (if any); and directors fees and expenses.
T. Rowe Price Services, Inc. (Services), a wholly owned subsidiary of T. Rowe Price, acts as the funds transfer and dividend disbursing agent and provides shareholder and administrative services. T. Rowe Price Retirement Plan Services, Inc. (RPS), also a wholly owned subsidiary, provides recordkeeping, sub-transfer agency, and administrative services for certain types of retirement plans investing in the funds. Pursuant to an agreement between the Price Funds and Services, the fees paid by the funds to Services are based on the costs to Services of providing these services plus a return on capital employed in support of the services.
Pursuant to an agreement between applicable Price Funds and RPS, the fees paid to RPS are based on the percentage of Price Fund assets for which RPS provides recordkeeping and sub-transfer agency services. The fees paid to Services and RPS are set forth in each funds shareholder report under Related Party Transactions. The address for Services and RPS is 100 East Pratt Street, Baltimore, Maryland 21202.
T. Rowe Price, under a separate agreement with the Price Funds, provides accounting services to the funds. Prior to August 1, 2015, all accounting services for the Price Funds were generally provided by T. Rowe Price. Effective August 1, 2015, certain accounting services are provided to the Price Funds by T. Rowe Price and certain account services are provided to the Price Funds by The Bank of New York Mellon (BNYM), subject to the oversight of T. Rowe Price. The following table shows the fees paid by the funds to T. Rowe Price for accounting services during the fiscal years indicated.
Fund | Fiscal Year Ended | ||
2/28/15 | 2/28/14 | 2/28/13 | |
California Tax-Free Bond | $95,000 | $91,000 | $94,000 |
California Tax-Free Money | 95,000 | 91,000 | 94,000 |
Floating Rate Multi-Sector Account Portfolio | | | |
Georgia Tax-Free Bond | 95,000 | 91,000 | 94,000 |
High Yield Multi-Sector Account Portfolio | | | |
Intermediate Tax-Free High Yield | 100,000 | (a) | (a) |
Intermediate Tax-Free High Yield FundAdvisor Class | 2,000 | (a) | (a) |
Investment-Grade Corporate Multi-Sector Account Portfolio | | | |
Maryland Short-Term Tax-Free Bond | 95,000 | 91,000 | 94,000 |
Maryland Tax-Free Bond | 95,000 | 112,000 | 119,000 |
Maryland Tax-Free Money | 95,000 | 91,000 | 94,000 |
Mortgage-Backed Securities Multi-Sector Account Portfolio | | | |
New Jersey Tax-Free Bond | 95,000 | 91,000 | 94,000 |
New York Tax-Free Bond | 95,000 | 91,000 | 94,000 |
New York Tax-Free Money | 95,000 | 91,000 | 94,000 |
Tax-Efficient Equity | 95,000 | 91,000 | 94,000 |
Tax-Exempt Money | 120,000 | 116,000 | 119,000 |
213
Fund | Fiscal Year Ended | ||
2/28/15 | 2/28/14 | 2/28/13 | |
Tax-Free High Yield | 169,000 | 161,000 | 156,000 |
Tax-Free High Yield FundAdvisor Class | 574 | 276 | (b) |
Tax-Free Income | 100,000 | 86,000 | 86,000 |
Tax-Free Income FundAdvisor Class | 45,000 | 50,000 | 54,000 |
Tax-Free Short-Intermediate | 120,000 | 111,000 | 106,000 |
Tax-Free Short-Intermediate FundAdvisor Class | 420 | 290 | (b) |
Tax-Free Ultra Short-Term Bond | (a) | (a) | (a) |
Virginia Tax-Free Bond | 95,000 | 91,000 | 94,000 |
(a) Prior to commencement of operations.
(b) Less than $1,000.
Fund | Fiscal Year Ended | ||
5/31/15 | 5/31/14 | 5/31/13 | |
Corporate Income | $120,000 | $132,000 | $143,000 |
Corporate Income FundI Class | (a) | (a) | (a) |
Credit Opportunities | 208,000 | 18,000 | (a) |
Credit Opportunities FundAdvisor Class | 2,000 | (b) | (a) |
Floating Rate | 163,000 | 157,000 | 159,000 |
Floating Rate FundAdvisor Class | 7,000 | 8,000 | 4,000 |
Global Multi-Sector Bond | 208,000 | 200,000 | 194,000 |
Global Multi-Sector Bond FundAdvisor Class | 2,000 | 1,000 | (b) |
Global Multi-Sector Bond FundI Class | (a) | (a) | (a) |
GNMA | 120,000 | 117,000 | 118,000 |
TRP Government Reserve Investment | 95,000 | 92,000 | 93,000 |
High Yield | 188,000 | 180,000 | 166,000 |
High Yield FundAdvisor Class | 22,000 | 22,000 | 29,000 |
High Yield FundI Class | (a) | (a) | (a) |
Inflation Protected Bond | 145,000 | 142,000 | 143,000 |
Inflation Protected Bond FundI Class | (a) | (a) | (a) |
Institutional Core Plus | 210,000 | 200,000 | 193,000 |
Institutional Core Plus FundF Class | (b) | 1,000 | 2,000 |
Institutional Credit Opportunities | 185,000 | 16,000 | (a) |
Institutional Floating Rate | 134,000 | 120,000 | 131,000 |
Institutional Floating Rate FundF Class | 36,000 | 45,000 | 49,000 |
Institutional Global Multi-Sector Bond | 145,000 | 93,000 | (a) |
Institutional High Yield | 185,000 | 179,000 | 175,000 |
Institutional Long Duration Credit | 120,000 | 131,000 | (a) |
Limited Duration Inflation Focused Bond | 145,000 | 142,000 | 143,000 |
Limited Duration Inflation Focused Bond FundI Class | (a) | (a) | (a) |
214
Fund | Fiscal Year Ended | ||
5/31/15 | 5/31/14 | 5/31/13 | |
New Income | 235,000 | 223,000 | 214,000 |
New Income FundAdvisor Class | (b) | (b) | (b) |
New Income FundI Class | (a) | (a) | (a) |
New Income FundR Class | (b) | (b) | (b) |
Personal Strategy Balanced | 185,000 | 179,000 | 175,000 |
Personal Strategy Balanced FundI Class | (a) | (a) | (a) |
Personal Strategy Growth | 185,000 | 179,000 | 175,000 |
Personal Strategy Growth FundI Class | (a) | (a) | (a) |
Personal Strategy Income | 185,000 | 179,000 | 175,000 |
Personal Strategy Income FundI Class | (a) | (a) | (a) |
Prime Reserve | 120,000 | 117,000 | 118,000 |
TRP Reserve Investment | 120,000 | 117,000 | 118,000 |
Retirement 2005 | (c) | (c) | (c) |
Retirement 2005 FundAdvisor Class | (c) | (c) | (c) |
Retirement 2005 FundR Class | (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 2015 FundAdvisor Class | (c) | (c) | (c) |
Retirement 2015 FundR Class | (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 2025 FundAdvisor Class | (c) | (c) | (c) |
Retirement 2025 FundR Class | (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) |
Retirement 2035 FundAdvisor Class | (c) | (c) | (c) |
Retirement 2035 FundR Class | (c) | (c) | (c) |
Retirement 2040 | (c) | (c) | (c) |
Retirement 2040 FundAdvisor Class | (c) | (c) | (c) |
Retirement 2040 FundR Class | (c) | (c) | (c) |
Retirement 2045 | (c) | (c) | (c) |
Retirement 2045 FundAdvisor Class | (c) | (c) | (c) |
Retirement 2045 FundR Class | (c) | (c) | (c) |
Retirement 2050 | (c) | (c) | (c) |
Retirement 2050 FundAdvisor Class | (c) | (c) | (c) |
215
Fund | Fiscal Year Ended | ||
5/31/15 | 5/31/14 | 5/31/13 | |
Retirement 2050 FundR Class | (c) | (c) | (c) |
Retirement 2055 | (c) | (c) | (c) |
Retirement 2055 FundAdvisor Class | (c) | (c) | (c) |
Retirement 2055 FundR Class | (c) | (c) | (c) |
Retirement 2060 | (c) | (a) | (a) |
Retirement 2060 FundAdvisor Class | (c) | (a) | (a) |
Retirement 2060 FundR Class | (c) | (a) | (a) |
Retirement Balanced | (c) | (c) | (c) |
Retirement Balanced FundAdvisor Class | (c) | (c) | (c) |
Retirement Balanced FundR Class | (c) | (c) | (c) |
Retirement I 2005 FundI Class | (a) | (a) | (a) |
Retirement I 2010 FundI Class | (a) | (a) | (a) |
Retirement I 2015 FundI Class | (a) | (a) | (a) |
Retirement I 2020 FundI Class | (a) | (a) | (a) |
Retirement I 2025 FundI Class | (a) | (a) | (a) |
Retirement I 2030 FundI Class | (a) | (a) | (a) |
Retirement I 2035 FundI Class | (a) | (a) | (a) |
Retirement I 2040 FundI Class | (a) | (a) | (a) |
Retirement I 2045 FundI Class | (a) | (a) | (a) |
Retirement I 2050 FundI Class | (a) | (a) | (a) |
Retirement I 2055 FundI Class | (a) | (a) | (a) |
Retirement I 2060 FundI Class | (a) | (a) | (a) |
Retirement Balanced I FundI Class | (a) | (a) | (a) |
Short-Term Bond | 166,000 | 159,000 | 146,000 |
Short-Term Bond FundAdvisor Class | 4,000 | 5,000 | 17,000 |
Short-Term Bond FundI Class | (a) | (a) | (a) |
Short-Term Government Reserve | (a) | (a) | (a) |
Short-Term Reserve | 185,000 | (a) | (a) |
Target 2005 | (c) | (c) | (a) |
Target 2005 FundAdvisor Class | (c) | (c) | (a) |
Target 2005 FundI Class | (a) | (a) | (a) |
Target 2010 | (c) | (c) | (a) |
Target 2010 FundAdvisor Class | (c) | (c) | (a) |
Target 2010 FundI Class | (a) | (a) | (a) |
Target 2015 | (c) | (c) | (a) |
Target 2015 FundAdvisor Class | (c) | (c) | (a) |
Target 2015 FundI Class | (a) | (a) | (a) |
Target 2020 | (c) | (c) | (a) |
Target 2020 FundAdvisor Class | (c) | (c) | (a) |
Target 2020 FundI Class | (a) | (a) | (a) |
Target 2025 | (c) | (c) | (a) |
216
Fund | Fiscal Year Ended | ||
5/31/15 | 5/31/14 | 5/31/13 | |
Target 2025 FundAdvisor Class | (c) | (c) | (a) |
Target 2025 FundI Class | (a) | (a) | (a) |
Target 2030 | (c) | (c) | (a) |
Target 2030 FundAdvisor Class | (c) | (c) | (a) |
Target 2030 FundI Class | (a) | (a) | (a) |
Target 2035 | (c) | (c) | (a) |
Target 2035 FundAdvisor Class | (c) | (c) | (a) |
Target 2035 FundI Class | (a) | (a) | (a) |
Target 2040 | (c) | (c) | (a) |
Target 2040 FundAdvisor Class | (c) | (c) | (a) |
Target 2040 FundI Class | (a) | (a) | (a) |
Target 2045 | (c) | (c) | (a) |
Target 2045 FundAdvisor Class | (c) | (c) | (a) |
Target 2045 FundI Class | (a) | (a) | (a) |
Target 2050 | (c) | (c) | (a) |
Target 2050 FundAdvisor Class | (c) | (c) | (a) |
Target 2050 FundI Class | (a) | (a) | (a) |
Target 2055 | (c) | (c) | (a) |
Target 2055 FundAdvisor Class | (c) | (c) | (a) |
Target 2055 FundI Class | (a) | (a) | (a) |
Target 2060 | (c) | (a) | (a) |
Target 2060 FundAdvisor Class | (c) | (a) | (a) |
Target 2060 FundI Class | (a) | (a) | (a) |
U.S. Treasury Intermediate | 95,000 | 92,000 | 93,000 |
U.S. Treasury Long-Term | 95,000 | 92,000 | 93,000 |
U.S. Treasury Money | 95,000 | 92,000 | 93,000 |
Ultra Short-Term Bond | 95,000 | 107,000 | 57,000 |
(a) Prior to commencement of operations.
(b) Less than $1,000.
(c) Paid by underlying Price Funds pursuant to the Special Servicing Agreement.
217
Fund | Fiscal Year Ended | ||
10/31/15 | 10/31/14 | 10/31/13 | |
Africa & Middle East | $153,000 | $183,000 | $175,000 |
Asia Opportunities | 141,000 | 74,000 | (a) |
Asia Opportunities FundAdvisor Class | 1,000 | 1,000 | (a) |
Emerging Europe | 105,000 | 119,000 | 116,000 |
Emerging Markets Stock | 153,000 | 183,000 | 175,000 |
Emerging Markets Stock FundI Class | (b) | (a) | (a) |
Emerging Markets Value Stock | 7,000 | (a) | (a) |
Emerging Markets Value Stock FundAdvisor Class | (b) | (a) | (a) |
European Stock | 105,000 | 119,000 | 116,000 |
Global Allocation | 167,000 | 203,000 | 82,000 |
Global Allocation FundAdvisor Class | 5,000 | 4,000 | (b) |
Global Allocation FundI Class | (a) | (a) | (a) |
Global Growth Stock | 122,000 | 142,000 | 135,000 |
Global Growth Stock FundAdvisor Class | 1,000 | 1,000 | 1,000 |
Global Stock | 123,000 | 143,000 | 136,000 |
Global Stock FundAdvisor Class | (b) | (b) | (b) |
Institutional Africa & Middle East | 153,000 | 183,000 | 175,000 |
Institutional Emerging Markets Equity | 123,000 | 144,000 | 141,000 |
Institutional Frontier Markets Equity | 123,000 | 15,000 | (a) |
Institutional Global Focused Growth Equity | 105,000 | 119,000 | 116,000 |
Institutional Global Growth Equity | 105,000 | 119,000 | 116,000 |
Institutional Global Value Equity | 123,000 | 144,000 | 137,000 |
Institutional International Concentrated Equity | 105,000 | 119,000 | 116,000 |
Institutional International Core Equity | 105,000 | 119,000 | 116,000 |
Institutional International Growth Equity | 105,000 | 119,000 | 116,000 |
International Concentrated Equity | 119,000 | 24,000 | (a) |
International Concentrated Equity FundAdvisor Class | 5,000 | 3,000 | (a) |
International Discovery | 123,000 | 144,000 | 141,000 |
International Discovery FundI Class | (a) | (a) | (a) |
International Equity Index | 153,000 | 183,000 | 175,000 |
International Growth & Income | 139,000 | 163,000 | 151,000 |
International Growth & Income FundAdvisor Class | 2,000 | 3,000 | 4,000 |
International Growth & Income FundI Class | (b) | (a) | (a) |
International Growth & Income FundR Class | (b) | (b) | 1,000 |
International Stock | 135,000 | 163,000 | 152,000 |
International Stock FundAdvisor Class | 7,000 | 4,000 | 4,000 |
International Stock FundI Class | (b) | (a) | (a) |
International Stock FundR Class | (b) | (b) | (b) |
Japan | 86,000 | 94,000 | 91,000 |
218
Fund | Fiscal Year Ended | ||
10/31/15 | 10/31/14 | 10/31/13 | |
Latin America | 105,000 | 119,000 | 116,000 |
New Asia | 123,000 | 144,000 | 141,000 |
New Asia FundI Class | (a) | (a) | (a) |
Overseas Stock | 123,000 | 144,000 | 141,000 |
Overseas Stock FundAdvisor Class | (b) | (a) | (a) |
Overseas Stock FundI Class | (b) | (a) | (a) |
Summit Cash Reserves | 105,000 | 119,000 | 116,000 |
Summit Municipal Income | 105,000 | 118,000 | 111,000 |
Summit Municipal Income FundAdvisor Class | (b) | (b) | (b) |
Summit Municipal Intermediate | 105,000 | 118,000 | 111,000 |
Summit Municipal Intermediate FundAdvisor Class | (b) | (b) | (b) |
Summit Municipal Money Market | 105,000 | 119,000 | 116,000 |
U.S. Bond Enhanced Index | 105,000 | 119,000 | 116,000 |
(a) Prior to commencement of operations.
(b) Less than $1,000.
Fund | Fiscal Year Ended | ||
12/31/15 | 12/31/14 | 12/31/13 | |
Balanced | $130,000 | $185,000 | $175,000 |
Balanced FundI Class | (a) | (a) | (a) |
Blue Chip Growth | 95,000 | 128,000 | 115,000 |
Blue Chip Growth FundAdvisor Class | 10,000 | 15,000 | 13,000 |
Blue Chip Growth FundI Class | (a) | (a) | (a) |
Blue Chip Growth FundR Class | 2,000 | 2,000 | 2,000 |
Capital Appreciation | 138,000 | 200,000 | 188,000 |
Capital Appreciation FundAdvisor Class | 7,000 | 10,000 | 7,000 |
Capital Appreciation FundI Class | (a) | (a) | (a) |
Capital Opportunity | 118,000 | 166,000 | 151,000 |
Capital Opportunity FundAdvisor Class | 2,000 | 2,000 | 2,000 |
Capital Opportunity FundR Class | 2,000 | 2,000 | 2,000 |
Diversified Mid-Cap Growth | 78,000 | 95,000 | 90,000 |
Dividend Growth | 88,000 | 113,000 | 103,000 |
Dividend Growth FundAdvisor Class | 5,000 | 7,000 | 7,000 |
Dividend Growth FundI Class | (a) | (a) | (a) |
Emerging Markets Bond | 130,000 | 185,000 | 175,000 |
Emerging Markets Bond FundAdvisor Class | (b) | (a) | (a) |
Emerging Markets Bond FundI Class | (b) | (a) | (a) |
Emerging Markets Corporate Bond | 121,000 | 169,000 | 194,000 |
Emerging Markets Corporate Bond FundAdvisor Class | (b) | (b) | 1,000 |
219
Fund | Fiscal Year Ended | ||
12/31/15 | 12/31/14 | 12/31/13 | |
Emerging Markets Corporate Bond FundI Class | (a) | (a) | (a) |
Emerging Markets Corporate Multi-Sector Account Portfolio | (b) | (a) | (a) |
Emerging Markets Local Currency Bond | 145,000 | 209,000 | 193,000 |
Emerging Markets Local Currency Bond FundAdvisor Class | (b) | 1,000 | 2,000 |
Emerging Markets Local Currency Bond FundI Class | (a) | (a) | (a) |
Emerging Markets Local Multi-Sector Account Portfolio | (b) | (a) | (a) |
Equity Income | 102,000 | 132,000 | 117,000 |
Equity Income FundAdvisor Class | 4,000 | 11,000 | 11,000 |
Equity Income FundI Class | (a) | (a) | (a) |
Equity Income FundR Class | 1,000 | 2,000 | 1,000 |
Equity Index 500 | 107,000 | 145,000 | 140,000 |
Equity Index 500 FundI Class | (b) | (a) | (a) |
Extended Equity Market Index | 107,000 | 145,000 | 140,000 |
Financial Services | 78,000 | 95,000 | 90,000 |
Global Consumer | (a) | (a) | (a) |
Global High Income Bond | 128,000 | (a) | (a) |
Global High Income Bond FundAdvisor Class | 5,000 | (a) | (a) |
Global High Income Bond FundI Class | (b) | (a) | (a) |
Global Industrials | 107,000 | 145,000 | 26,000 |
Global Real Estate | 128,000 | 196,000 | 183,000 |
Global Real Estate FundAdvisor Class | 17,000 | 14,000 | 12,000 |
Global Technology | 93,000 | 120,000 | 115,000 |
Global Unconstrained Bond | 129,000 | (a) | (a) |
Global Unconstrained Bond FundAdvisor Class | 4,000 | (a) | (a) |
Global Unconstrained Bond FundI Class | (b) | (a) | (a) |
Growth & Income | 78,000 | 95,000 | 90,000 |
Growth Stock | 109,000 | 152,000 | 139,000 |
Growth Stock FundAdvisor Class | 10,000 | 14,000 | 12,000 |
Growth Stock FundI Class | (b) | (a) | (a) |
Growth Stock FundR Class | 3,000 | 4,000 | 4,000 |
Health Sciences | 107,000 | 145,000 | 175,000 |
Health Sciences FundI Class | (a) | (a) | (a) |
Institutional Emerging Markets Bond | 107,000 | 145,000 | 140,000 |
Institutional International Bond | 107,000 | 145,000 | 140,000 |
Institutional Large-Cap Core Growth | 78,000 | 95,000 | 90,000 |
Institutional Large-Cap Growth | 78,000 | 95,000 | 90,000 |
Institutional Large-Cap Value | 78,000 | 95,000 | 90,000 |
Institutional Mid-Cap Equity Growth | 78,000 | 95,000 | 90,000 |
220
Fund | Fiscal Year Ended | ||
12/31/15 | 12/31/14 | 12/31/13 | |
Institutional Small-Cap Stock | 78,000 | 95,000 | 90,000 |
Institutional U.S. Structured Research | 93,000 | 120,000 | 115,000 |
International Bond | 121,000 | 168,000 | 155,000 |
International Bond FundAdvisor Class | (b) | 2,000 | 5,000 |
International Bond FundI Class | (b) | (a) | (a) |
Media & Telecommunications | 93,000 | 120,000 | 115,000 |
Media & Telecommunications FundI Class | (a) | (a) | (a) |
Mid-Cap Growth | 101,000 | 136,000 | 122,000 |
Mid-Cap Growth FundAdvisor Class | 5,000 | 7,000 | 6,000 |
Mid-Cap Growth FundI Class | (b) | (a) | (a) |
Mid-Cap Growth FundR Class | 1,000 | 2,000 | 2,000 |
Mid-Cap Index | 6,000 | (a) | (a) |
Mid-Cap Index FundI Class | (b) | (a) | (a) |
Mid-Cap Value | 99,000 | 131,000 | 118,000 |
Mid-Cap Value FundAdvisor Class | 5,000 | 10,000 | 8,000 |
Mid-Cap Value FundI Class | (b) | (a) | (a) |
Mid-Cap Value FundR Class | 3,000 | 4,000 | 4,000 |
New America Growth | 83,000 | 105,000 | 94,000 |
New America Growth FundAdvisor Class | 10,000 | 15,000 | 16,000 |
New America Growth FundI Class | (a) | (a) | (a) |
New Era | 78,000 | 95,000 | 90,000 |
New Era FundI Class | (a) | (a) | (a) |
New Horizons | 92,000 | 120,000 | 115,000 |
New Horizons FundI Class | (b) | (a) | (a) |
QM Global Equity | (a) | (a) | (a) |
QM Global Equity FundAdvisor Class | (a) | (a) | (a) |
QM Global Equity FundI Class | (a) | (a) | (a) |
QM U.S. Small & Mid-Cap Core Equity | (a) | (a) | (a) |
QM U.S. Small & Mid-Cap Core Equity FundAdvisor Class | (a) | (a) | (a) |
QM U.S. Small & Mid-Cap Core Equity FundI Class | (a) | (a) | (a) |
QM U.S. Small-Cap Growth Equity | 78,000 | 95,000 | 90,000 |
QM U.S. Small-Cap Growth Equity FundI Class | (a) | (a) | (a) |
QM U.S. Value Equity | (a) | (a) | (a) |
QM U.S. Value Equity FundAdvisor Class | (a) | (a) | (a) |
QM U.S. Value Equity FundI Class | (a) | (a) | (a) |
Real Assets | 130,000 | 185,000 | 175,000 |
Real Assets FundI Class | (b) | (a) | (a) |
Real Estate | 115,000 | 160,000 | 151,000 |
Real Estate FundAdvisor Class | 7,000 | 10,000 | 9,000 |
221
Fund | Fiscal Year Ended | ||
12/31/15 | 12/31/14 | 12/31/13 | |
Real Estate FundI Class | (a) | (a) | (a) |
Science & Technology | 94,000 | 126,000 | 118,000 |
Science & Technology FundAdvisor Class | 14,000 | 19,000 | 17,000 |
Science & Technology FundI Class | (a) | (a) | (a) |
Small-Cap Index | 6,000 | (a) | (a) |
Small-Cap Index FundI Class | (b) | (a) | (a) |
Small-Cap Stock | 89,000 | 114,000 | 105,000 |
Small-Cap Stock FundAdvisor Class | 4,000 | 6,000 | 5,000 |
Small-Cap Stock FundI Class | (b) | (a) | (a) |
Small-Cap Value | 108,000 | 145,000 | 137,000 |
Small-Cap Value FundAdvisor Class | 14,000 | 25,000 | 23,000 |
Small-Cap Value FundI Class | (b) | (a) | (a) |
Spectrum Growth | (c) | (c) | (c) |
Spectrum Income | (c) | (c) | (c) |
Spectrum International | (c) | (c) | (c) |
Total Equity Market Index | 107,000 | 145,000 | 140,000 |
U.S. Large-Cap Core | 90,000 | 117,000 | 109,000 |
U.S. Large-Cap Core FundAdvisor Class | 3,000 | 3,000 | 1,000 |
Value | 90,000 | 117,000 | 108,000 |
Value FundAdvisor Class | 3,000 | 3,000 | 2,000 |
Value FundI Class | (b) | (a) | (a) |
(a) Prior to commencement of operations.
(b) Less than $1,000.
(c) Paid by underlying Price Funds pursuant to the Special Servicing Agreement.
529 Plans
T. Rowe Price is the investment manager of several college savings plans established by states under Section 529 of the Code. Each plan has a number of portfolios that invest in underlying Price Funds including Blue Chip Growth, Emerging Markets Bond, Emerging Markets Stock, Equity Income, Equity Index 500, Extended Equity Market Index, Financial Services, Health Sciences, High Yield, International Bond, International Equity Index, International Growth & Income, International Stock, Limited Duration Inflation Focused Bond, Mid-Cap Growth, Mid-Cap Value, New Horizons, New Income, Overseas Stock, Real Assets, Science & Technology, Short-Term Bond, Small-Cap Stock, Spectrum Income, Summit Cash Reserves, Total Equity Market Index, U.S. Bond Enhanced Index, U.S. Treasury Money, and Value Funds. Each portfolio establishes an omnibus account in the underlying Price Funds. Transfer agent and recordkeeping expenses incurred by the portfolios as a result of transactions by participants in the Section 529 college savings plans that invest in the Price Funds are paid for by the underlying Price Funds under their agreement with their transfer agent, T. Rowe Price Services, Inc. The expenses borne by each underlying Price Fund are set forth in the shareholder report of the underlying fund under Related Party Transactions.
222
Administrative Fee Payments
The Price Funds (other than I Class shares, Institutional Funds (except for their F Class shares), Mid-Cap Index Fund, Multi-Sector Account Portfolios, Small-Cap Index Fund, and TRP Reserve Funds) have adopted an administrative fee payment (AFP) program that authorizes the funds to make payments for services provided on behalf of the funds. Under the AFP program, payments by a fund (of up to 0.15% of its average daily net assets per year) may be made to retirement plans, retirement plan recordkeepers, insurance companies, banks, and broker-dealers for transfer agency, recordkeeping, and other administrative services. These services include, but are not limited to: transmitting net purchase and redemption orders; maintaining separate records for shareholders reflecting purchases, redemptions, and share balances; mailing shareholder confirmations and periodic statements; processing dividend payments; and utilizing telephone services in connection with the above. Under the AFP program, the funds paid the amounts set forth below in calendar year 2015.
Fund | Payment |
Africa & Middle East | $69,840 |
Asia Opportunities | 682 |
Balanced | 1,361,775 |
Blue Chip Growth | 21,562,558 |
California Tax-Free Bond | 154,545 |
California Tax-Free Money | 772 |
Capital Appreciation | 13,245,821 |
Capital Opportunity | 633,454 |
Corporate Income | 47,013 |
Credit Opportunities | 1,152 |
Diversified Mid-Cap Growth | 130,629 |
Dividend Growth | 3,968,383 |
Emerging Europe | 35,973 |
Emerging Markets Bond | 444,304 |
Emerging Markets Corporate Bond | 135,856 |
Emerging Markets Corporate Multi-Sector Account Portfolio | (a) |
Emerging Markets Local Currency Bond | 5,278 |
Emerging Markets Local Multi-Sector Account Portfolio | (a) |
Emerging Markets Stock | 2,052,854 |
Emerging Markets Value Stock | 2 |
Equity Income | 16,063,234 |
Equity Index 500 | 945,590 |
European Stock | 636,523 |
Extended Equity Market Index | 254,968 |
Financial Services | 197,993 |
Floating Rate | 103,799 |
Floating Rate Multi-Sector Account Portfolio | (a) |
Georgia Tax-Free Bond | 82,713 |
223
Fund | Payment |
Global Allocation | 30,577 |
Global Consumer | (b) |
Global Growth Stock | 10,403 |
Global High Income Bond | 201 |
Global Industrials | 612 |
Global Multi-Sector Bond | 67,486 |
Global Real Estate | 88,846 |
Global Stock | 199,104 |
Global Technology | 1,384,650 |
Global Unconstrained Bond | 21 |
GNMA | 131,943 |
TRP Government Reserve Investment | (a) |
Growth & Income | 168,741 |
Growth Stock | 17,942,233 |
Health Sciences | 8,043,552 |
High Yield | 2,644,205 |
High Yield Multi-Sector Account Portfolio | (a) |
Inflation Protected Bond | 99,615 |
Institutional Africa & Middle East | (a) |
Institutional Core Plus | (a) |
Institutional Core Plus FundF Class | 310 |
Institutional Credit Opportunities | (a) |
Institutional Emerging Markets Bond | (a) |
Institutional Emerging Markets Equity | (a) |
Institutional Floating Rate | (a) |
Institutional Floating Rate FundF Class | 989,915 |
Institutional Frontier Markets Equity | (a) |
Institutional Global Focused Growth Equity | (a) |
Institutional Global Growth Equity | (a) |
Institutional Global Multi-Sector Bond | (a) |
Institutional Global Value Equity | (a) |
Institutional High Yield | (a) |
Institutional International Bond | (a) |
Institutional International Concentrated Equity | (a) |
Institutional International Core Equity | (a) |
Institutional International Growth Equity | (a) |
Institutional Large-Cap Core Growth | (a) |
Institutional Large-Cap Growth | (a) |
Institutional Large-Cap Value | (a) |
Institutional Long Duration Credit | (a) |
Institutional Mid-Cap Equity Growth | (a) |
Institutional Small-Cap Stock | (a) |
224
Fund | Payment |
Institutional U.S. Structured Research | (a) |
Intermediate Tax-Free High Yield | 3,151 |
International Bond | 1,876,723 |
International Concentrated Equity | 810 |
International Discovery | 2,755,314 |
International Equity Index | 173,362 |
International Growth & Income | 774,789 |
International Stock | 2,919,986 |
Investment-Grade Corporate Multi-Sector Account Portfolio | (a) |
Japan | 60,079 |
Latin America | 155,645 |
Limited Duration Inflation Focused Bond | (c) |
Maryland Short-Term Tax-Free Bond | 52,118 |
Maryland Tax-Free Bond | 477,453 |
Maryland Tax-Free Money | 1,560 |
Media & Telecommunications | 1,020,518 |
Mid-Cap Growth | 13,798,636 |
Mid-Cap Index | (a) |
Mid-Cap Value | 5,082,526 |
Mortgage-Backed Securities Multi-Sector Account Portfolio | (a) |
New America Growth | 3,378,033 |
New Asia | 1,962,055 |
New Era | 985,891 |
New Horizons | 9,270,631 |
New Income | 5,185,982 |
New Jersey Tax-Free Bond | 116,640 |
New York Tax-Free Bond | 126,526 |
New York Tax-Free Money | 462 |
Overseas Stock | 1,659,477 |
Personal Strategy Balanced | 1,185,651 |
Personal Strategy Growth | 932,205 |
Personal Strategy Income | 552,965 |
Prime Reserve | 80,976 |
QM Global Equity | (b) |
QM U.S. Small & Mid-Cap Core Equity | (b) |
QM U.S. Small-Cap Growth Equity | 1,320,348 |
QM U.S. Value Equity | (b) |
Real Assets | 13,601 |
Real Estate | 4,280,985 |
TRP Reserve Investment | (a) |
Retirement 2005 | (d) |
225
Fund | Payment |
Retirement 2010 | (d) |
Retirement 2015 | (d) |
Retirement 2020 | (d) |
Retirement 2025 | (d) |
Retirement 2030 | (d) |
Retirement 2035 | (d) |
Retirement 2040 | (d) |
Retirement 2045 | (d) |
Retirement 2050 | (d) |
Retirement 2055 | (d) |
Retirement 2060 | (d) |
Retirement Balanced | (d) |
Science & Technology | 657,686 |
Short-Term Bond | 2,936,806 |
Short-Term Government Reserve | (b) |
Short-Term Reserve | (a) |
Small-Cap Index | (a) |
Small-Cap Stock | 5,888,523 |
Small-Cap Value | 2,976,349 |
Spectrum Growth | (d) |
Spectrum Income | (d) |
Spectrum International | (d) |
Summit Cash Reserves | 46,949 |
Summit Municipal Income | 1,026,843 |
Summit Municipal Intermediate | 4,665,360 |
Summit Municipal Money Market | 763 |
Target 2005 | (e) |
Target 2010 | (e) |
Target 2015 | (e) |
Target 2020 | (e) |
Target 2025 | (e) |
Target 2030 | (e) |
Target 2035 | (e) |
Target 2040 | (e) |
Target 2045 | (e) |
Target 2050 | (e) |
Target 2055 | (e) |
Target 2060 | (e) |
Tax-Efficient Equity | 24,432 |
Tax-Exempt Money | 363,519 |
Tax-Free High Yield | 1,702,575 |
Tax-Free Income | 421,306 |
226
Fund | Payment |
Tax-Free Short-Intermediate | 1,301,521 |
Tax-Free Ultra Short-Term Bond | (b) |
Total Equity Market Index | 198,493 |
U.S. Bond Enhanced Index | 155,124 |
U.S. Large-Cap Core | 14,849 |
U.S. Treasury Intermediate | 78,785 |
U.S. Treasury Long-Term | 40,753 |
U.S. Treasury Money | 355,533 |
Ultra Short-Term Bond | 43,907 |
Value | 3,296,385 |
Virginia Tax-Free Bond | 323,728 |
(a) Not eligible to participate in AFP program.
(b) Prior to commencement of operations.
(c) Prior to the funds participation in the AFP program.
(d) Paid by underlying Price Funds pursuant to the Special Servicing Agreement.
(e) During 2015, the AFP was paid by underlying Price Funds pursuant
to a
Special Servicing Agreement. Effective February 1, 2016, the AFP is paid
directly by the fund.
Each Advisor and R Class has adopted an AFP program under which various third parties, including third parties receiving 12b-1 payments, may receive payments from the class in addition to 12b-1 fees for providing various recordkeeping, transfer agency, and administrative services to the classes and/or shareholders thereof. These services include, but are not limited to: transmitting net purchase and redemption orders; maintaining separate records for shareholders reflecting purchases, redemptions, and share balances; mailing shareholder confirmations and periodic statements; processing dividend payments; and utilizing telephone services in connection with the above. Under this AFP program, the funds paid the amounts set forth below in calendar year 2015.
Fund | Payment |
Asia Opportunities FundAdvisor Class | $9 |
Blue Chip Growth FundAdvisor Class | 4,071,477 |
Blue Chip Growth FundR Class | 731,000 |
Capital Appreciation FundAdvisor Class | 1,865,293 |
Capital Opportunity FundAdvisor Class | 14,917 |
Capital Opportunity FundR Class | 13,091 |
Credit Opportunities FundAdvisor Class | 251 |
Dividend Growth FundAdvisor Class | 355,070 |
Emerging Markets Bond FundAdvisor Class | 0 |
Emerging Markets Corporate Bond FundAdvisor Class | 757 |
Emerging Markets Local Currency Bond FundAdvisor Class | 146 |
Emerging Markets Value Stock FundAdvisor Class | 0 |
Equity Income FundAdvisor Class | 1,550,547 |
Equity Income FundR Class | 410,477 |
Floating Rate FundAdvisor Class | 33,017 |
Global Allocation FundAdvisor Class | 4,726 |
227
Fund | Payment |
Global Growth Stock FundAdvisor Class | 658 |
Global High Income Bond FundAdvisor Class | 575 |
Global Multi-Sector Bond FundAdvisor Class | 8,412 |
Global Real Estate FundAdvisor Class | 42,924 |
Global Stock FundAdvisor Class | 3,391 |
Global Unconstrained Bond FundAdvisor Class | 1,782 |
Growth Stock FundAdvisor Class | 5,480,943 |
Growth Stock FundR Class | 1,496,045 |
High Yield FundAdvisor Class | 1,489,309 |
Intermediate Tax-Free High Yield FundAdvisor Class | 631 |
International Bond FundAdvisor Class | 34,800 |
International Concentrated Equity FundAdvisor Class | 110 |
International Growth & Income FundAdvisor Class | 234,387 |
International Growth & Income FundR Class | 64,945 |
International Stock FundAdvisor Class | 976,763 |
International Stock FundR Class | 12,013 |
Mid-Cap Growth FundAdvisor Class | 1,785,093 |
Mid-Cap Growth FundR Class | 379,532 |
Mid-Cap Value FundAdvisor Class | 837,265 |
Mid-Cap Value FundR Class | 406,290 |
New America Growth FundAdvisor Class | 682,321 |
New Income FundAdvisor Class | 56,510 |
New Income FundR Class | 10,014 |
Overseas Stock FundAdvisor Class | 2 |
QM Global Equity FundAdvisor Class | (a) |
QM U.S. Small & Mid-Cap Equity Core FundAdvisor Class | (a) |
QM U.S. Value Equity FundAdvisor Class | (a) |
Real Estate FundAdvisor Class | 511,971 |
Retirement 2005 FundAdvisor Class | (b) |
Retirement 2005 FundR Class | (b) |
Retirement 2010 FundAdvisor Class | (b) |
Retirement 2010 FundR Class | (b) |
Retirement 2015 FundAdvisor Class | (b) |
Retirement 2015 FundR Class | (b) |
Retirement 2020 FundAdvisor Class | (b) |
Retirement 2020 FundR Class | (b) |
Retirement 2025 FundAdvisor Class | (b) |
Retirement 2025 FundR Class | (b) |
Retirement 2030 FundAdvisor Class | (b) |
228
Fund | Payment |
Retirement 2030 FundR Class | (b) |
Retirement 2035 FundAdvisor Class | (b) |
Retirement 2035 FundR Class | (b) |
Retirement 2040 FundAdvisor Class | (b) |
Retirement 2040 FundR Class | (b) |
Retirement 2045 FundAdvisor Class | (b) |
Retirement 2045 FundR Class | (b) |
Retirement 2050 FundAdvisor Class | (b) |
Retirement 2050 FundR Class | (b) |
Retirement 2055 FundAdvisor Class | (b) |
Retirement 2055 FundR Class | (b) |
Retirement 2060 FundAdvisor Class | (b) |
Retirement 2060 FundR Class | (b) |
Retirement Balanced FundAdvisor Class | (b) |
Retirement Balanced FundR Class | (b) |
Science & Technology FundAdvisor Class | 716,512 |
Short-Term Bond FundAdvisor Class | 175,698 |
Small-Cap Stock FundAdvisor Class | 523,658 |
Small-Cap Value FundAdvisor Class | 1,337,899 |
Summit Municipal Income FundAdvisor Class | 1,818 |
Summit Municipal Intermediate FundAdvisor Class | 6,495 |
Target 2005 FundAdvisor Class | (c) |
Target 2010 FundAdvisor Class | (c) |
Target 2015 FundAdvisor Class | (c) |
Target 2020 FundAdvisor Class | (c) |
Target 2025 FundAdvisor Class | (c) |
Target 2030 FundAdvisor Class | (c) |
Target 2035 FundAdvisor Class | (c) |
Target 2040 FundAdvisor Class | (c) |
Target 2045 FundAdvisor Class | (c) |
Target 2050 FundAdvisor Class | (c) |
Target 2055 FundAdvisor Class | (c) |
Target 2060 FundAdvisor Class | (c) |
Tax-Free High Yield FundAdvisor Class | 17,132 |
Tax-Free Income FundAdvisor Class | 1,075,152 |
Tax-Free Short-Intermediate FundAdvisor Class | 10,839 |
U.S. Large-Cap Core FundAdvisor Class | 8,004 |
Value FundAdvisor Class | 953,882 |
(a) Prior to commencement of operations.
(b) Paid by underlying Price Funds pursuant to the Special Servicing Agreement.
(c) During 2015, the AFP was paid by underlying Price Funds pursuant to the Special Servicing Agreement. Effective February 1, 2016, the AFP is paid directly by the fund.
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Additional Payments to Financial Intermediaries and Other Third Parties (All funds)
In addition to the AFP payments made by certain funds and the 12b-1 payments made by each Advisor and R Class, T. Rowe Price and its affiliates may provide expense reimbursements and meeting and marketing support payments (out of their own resources and not as an expense of the funds) to financial intermediaries, such as brokers-dealers, registered investment advisers, banks, insurance companies, and retirement plan recordkeepers, in connection with the sale, distribution, marketing, and/or servicing of the Price Funds.
Such expense reimbursements and meeting support payments may include sponsoring (or co-sponsoring) or providing financial support for industry conferences, client seminars, due diligence meetings, sales presentations, and other third-party sponsored events. The primary focus of these events typically is training and education. These payments will generally vary depending upon the nature of the event and may include financial assistance to intermediaries that enable T. Rowe Price or one of its affiliates to participate in and/or present at conferences or seminars, sales or training programs for invited registered representatives and other attendees. Payments could also represent certain entertainment expenses, such as occasional meal expenses or tickets to sporting events that are not preconditioned on achievement of sales targets. Marketing support payments may be made for a variety of purposes, including but not limited to: advertising and marketing opportunities; building brand awareness and educating intermediaries, clients, and prospects about the Price Funds; placement on an intermediarys list of offered funds or preferred fund list; gaining access to senior management, sales representatives, or wholesalers of an intermediary; receiving detailed reporting packages (such as periodic sales reporting, sales production results, and data on how T. Rowe Price products, including the Price Funds, are used); and inclusion as a recommended individual retirement account provider on the platform of rollover service providers. Payments may also be made to third parties that help facilitate rollovers from employer-sponsored retirement plans to individual retirement accounts.
Reimbursements of retirement plan expenses may be made by T. Rowe Price or its affiliated retirement plan recordkeeper, RPS, in circumstances where the Price Funds are offered as investment options in such plans. These expense reimbursements are provided directly to the retirement plans and are intended to be used by plan sponsors to offset recordkeeping fees that RPS receives for providing sub-transfer agent and administrative services to the Price Funds.
The receipt of, or the prospect of receiving, these payments and expense reimbursements from T. Rowe Price and its affiliates may influence intermediaries, plan sponsors and other third parties to offer or recommend Price Funds over other investment options for which an intermediary does not receive additional compensation (or receives lower levels of additional compensation). However, these arrangements do not increase fund expenses and will not change the price that an investor pays for shares of the Price Funds or the amount that a Price Fund receives to invest on behalf of an investor.
Investment Services, a Maryland corporation formed in 1980 as a wholly owned subsidiary of T. Rowe Price, serves as distributor for all T. Rowe Price mutual funds on a continuous basis. Investment Services is registered as a broker-dealer under the 1934 Act and is a member of the Financial Industry Regulatory Authority, Inc. (FINRA).
Investment Services is located at the same address as the funds and T. Rowe Price100 East Pratt Street, Baltimore, Maryland 21202.
Investment Services serves as distributor to the funds, pursuant to an Underwriting Agreement (Underwriting Agreement), which provides that the funds (other than the Single-Fee Funds) will pay all fees and expenses in connection with necessary state filings; preparing, setting in type, printing, and mailing of prospectuses and reports to shareholders; and issuing shares, including expenses of confirming purchase orders. For the Single-Fee Funds, the Underwriting Agreement provides that Investment Services will pay, or will arrange for others to pay, these fees and expenses.
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The Underwriting Agreement also provides that Investment Services will pay all fees and expenses in connection with printing and distributing prospectuses and reports for use in offering and selling fund shares; preparing, setting in type, printing, and mailing all sales literature and advertising; Investment Services federal and state registrations as a broker-dealer; and offering and selling shares for each fund, except for those fees and expenses specifically assumed by the funds. Investment Services expenses are paid by T. Rowe Price.
Investment Services acts as the agent of the funds, in connection with the sale of fund shares in the various states in which Investment Services is qualified as a broker-dealer. Under the Underwriting Agreement, Investment Services accepts orders for fund shares at net asset value. Other than as described below with respect to the Advisor and R Class shares, no sales charges are paid by investors or the funds and no compensation is paid to Investment Services.
Advisor and R Class
Distribution and Shareholder Services Plan
The funds directors adopted a plan pursuant to Rule 12b-1 under the 1940 Act with respect to each Advisor and R Class (the Class). Each plan provides that the Class may compensate Investment Services or such other persons as the funds or Investment Services designates, to finance any or all of the distribution, shareholder servicing, maintenance of shareholder accounts, and/or other administrative services with respect to Class shares. It is expected that most, if not all, payments under each plan will be made (either directly, or indirectly through Investment Services) to intermediaries other than Investment Services such as broker-dealers, banks, insurance companies, and retirement plan recordkeepers. Under each plan, the Advisor Class pays a fee at the annual rate of up to 0.25% of that class average daily net assets and the R Class pays a fee at the annual rate of up to 0.50% of that class average net daily assets. Normally, the full amount of the fee is paid to the intermediary on shares sold through that intermediary; however, a lesser amount may be paid. In addition, the fee may be split among intermediaries based on the level of services provided by each. Intermediaries may use the payments for, among other purposes, compensating employees engaged in sales and/or shareholder servicing of the Class, as well as for a wide variety of other purposes associated with supporting, distributing, and servicing Class shares. The amount of fees paid by a Class during any year may be more or less than the cost of distribution and other services provided to the Class and its investors. FINRA rules limit the amount of annual distribution and service fees that may be paid by a mutual fund and impose a ceiling on the cumulative distribution fees paid. The plan complies with these rules.
The plan requires that Investment Services provide, or cause to be provided, a quarterly written report identifying the amounts expended by each Class and the purposes for which such expenditures were made to the fund directors for their review.
Prior to approving the plan, the funds considered various factors relating to the implementation of the plan and determined that there is a reasonable likelihood that the plan will benefit each fund, its Class, and the Class shareholders. The fund directors noted that to the extent the plan allows a fund to sell Class shares in markets to which it would not otherwise have access, the plan may result in additional sales of fund shares. This may enable a fund to achieve economies of scale that could reduce expenses. In addition, certain ongoing shareholder services may be provided more effectively by intermediaries with which shareholders have an existing relationship.
The plan is renewable from year to year with respect to each fund, so long as its continuance is approved at least annually (1) by the vote of a majority of the fund directors and (2) by a vote of the majority of the funds independent directors cast in person at a meeting called for the purpose of voting on such approval. The plan may not be amended to increase materially the amount of fees paid by any Class thereunder unless such amendment is approved by a majority vote of the outstanding shares of such Class and by the fund directors in the manner prescribed by Rule 12b-1 under the 1940 Act. The plan is terminable with respect to a Class at any time by a vote of a majority of the independent directors or by a majority vote of the outstanding shares in the Class.
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Payments under the 12b-1 plans will still normally be made for funds that are closed to new investors. Such payments are made for the various services provided to existing investors by the intermediaries receiving such payments.
The following payments for the fiscal year indicated were made to intermediaries, including broker-dealers and insurance companies, for the distribution, shareholder servicing, maintenance of shareholder accounts, and/or other administrative services under the plan.
Fund | Fiscal
Year Ended |
Intermediate Tax-Free High Yield FundAdvisor Class | (a) |
Tax-Free High Yield FundAdvisor Class | $25,000 |
Tax-Free Income FundAdvisor Class | 2,010,000 |
Tax-Free Short-Intermediate FundAdvisor Class | 18,000 |
(a) Prior to commencement of operations.
Fund | Fiscal
Year Ended |
Credit Opportunities FundAdvisor Class | $1,000 |
Floating Rate FundAdvisor Class | 45,000 |
Global Multi-Sector Bond FundAdvisor Class | 8,000 |
High Yield FundAdvisor Class | 2,532,000 |
New Income FundAdvisor Class | 110,000 |
New Income FundR Class | 33,000 |
Retirement 2005 FundAdvisor Class | 191,000 |
Retirement 2005 FundR Class | 450,000 |
Retirement 2010 FundAdvisor Class | 1,878,000 |
Retirement 2010 FundR Class | 2,374,000 |
Retirement 2015 FundAdvisor Class | 2,045,000 |
Retirement 2015 FundR Class | 2,697,000 |
Retirement 2020 FundAdvisor Class | 8,235,000 |
Retirement 2020 FundR Class | 10,370,000 |
Retirement 2025 FundAdvisor Class | 3,855,000 |
Retirement 2025 FundR Class | 5,150,000 |
Retirement 2030 FundAdvisor Class | 8,092,000 |
Retirement 2030 FundR Class | 10,956,000 |
Retirement 2035 FundAdvisor Class | 2,967,000 |
Retirement 2035 FundR Class | 4,120,000 |
Retirement 2040 FundAdvisor Class | 6,222,000 |
Retirement 2040 FundR Class | 7,760,000 |
Retirement 2045 FundAdvisor Class | 1,733,000 |
Retirement 2045 FundR Class | 2,568,000 |
Retirement 2050 FundAdvisor Class | 2,191,000 |
Retirement 2050 FundR Class | 2,975,000 |
Retirement 2055 FundAdvisor Class | 406,000 |
Retirement 2055 FundR Class | 667,000 |
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Fund | Fiscal
Year Ended |
Retirement 2060 FundAdvisor Class | 2,000 |
Retirement 2060 FundR Class | 3,000 |
Retirement Balanced FundAdvisor Class | 1,016,000 |
Retirement Balanced FundR Class | 1,698,000 |
Short-Term Bond FundAdvisor Class | 379,000 |
Target 2005 FundAdvisor Class | 2,000 |
Target 2010 FundAdvisor Class | 6,000 |
Target 2015 FundAdvisor Class | 5,000 |
Target 2020 FundAdvisor Class | 24,000 |
Target 2025 FundAdvisor Class | 12,000 |
Target 2030 FundAdvisor Class | 19,000 |
Target 2035 FundAdvisor Class | 10,000 |
Target 2040 FundAdvisor Class | 9,000 |
Target 2045 FundAdvisor Class | 5,000 |
Target 2050 FundAdvisor Class | 4,000 |
Target 2055 FundAdvisor Class | 2,000 |
Target 2060 FundAdvisor Class | 1,000 |
Fund | Fiscal Year Ended |
Asia Opportunities FundAdvisor Class | $1,000 |
Emerging Markets Value Stock FundAdvisor Class | (a) |
Global Allocation FundAdvisor Class | 8,000 |
Global Growth Stock FundAdvisor Class | 2,000 |
Global Stock FundAdvisor Class | 5,000 |
International Concentrated Equity FundAdvisor Class | 1,000 |
International Growth & Income FundAdvisor Class | 394,000 |
International Growth & Income FundR Class | 222,000 |
International Stock FundAdvisor Class | 1,644,000 |
International Stock FundR Class | 40,000 |
Overseas Stock FundAdvisor Class | (a) |
Summit Municipal Income FundAdvisor Class | 3,000 |
Summit Municipal Intermediate FundAdvisor Class | 11,000 |
(a) Less than $1,000.
Fund | Fiscal
Year Ended |
Blue Chip Growth FundAdvisor Class | $6,789,000 |
Blue Chip Growth FundR Class | 2,468,000 |
Capital Appreciation FundAdvisor Class | 3,114,000 |
Capital Opportunity FundAdvisor Class | 25,000 |
Capital Opportunity FundR Class | 43,000 |
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Fund | Fiscal
Year Ended |
Dividend Growth FundAdvisor Class | 604,000 |
Emerging Markets Bond FundAdvisor Class | (a) |
Emerging Markets Corporate Bond FundAdvisor Class | 2,000 |
Emerging Markets Local Currency Bond FundAdvisor Class | 1,000 |
Equity Income FundAdvisor Class | 2,679,000 |
Equity Income FundR Class | 1,364,000 |
Global High Income Bond FundAdvisor Class | 2,000 |
Global Real Estate FundAdvisor Class | 71,000 |
Global Unconstrained Bond FundAdvisor Class | 4,000 |
Growth Stock FundAdvisor Class | 9,166,000 |
Growth Stock FundR Class | 4,967,000 |
International Bond FundAdvisor Class | 60,000 |
Mid-Cap Growth FundAdvisor Class | 3,162,000 |
Mid-Cap Growth FundR Class | 1,260,000 |
Mid-Cap Value FundAdvisor Class | 1,390,000 |
Mid-Cap Value FundR Class | 1,348,000 |
New America Growth FundAdvisor Class | 1,167,000 |
Real Estate FundAdvisor Class | 851,000 |
QM Global Equity FundAdvisor Class | (a) |
QM U.S. Small & Mid-Cap Equity Core FundAdvisor Class | (a) |
QM U.S. Value Equity FundAdvisor Class | (a) |
Science & Technology FundAdvisor Class | 1,199,000 |
Small-Cap Stock FundAdvisor Class | 896,000 |
Small-Cap Value FundAdvisor Class | 2,310,000 |
U.S. Large-Cap Core FundAdvisor Class | 15,000 |
Value FundAdvisor Class | 1,675,000 |
(a) Prior to commencement of operations.
Investment or Brokerage Discretion
Decisions with respect to the selection, purchase, and sale of portfolio securities on behalf of the international Price Funds are generally made by T. Rowe Price International, Price Hong Kong, or Price Singapore. Decisions with respect to the selection, purchase, and sale of portfolio securities on behalf of all other Price Funds are generally made by T. Rowe Price. T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore are responsible for implementing these decisions for the Price Funds, including, where applicable, the negotiation of commissions, the allocation of portfolio brokerage and principal business, and the use of affiliates to assist in routing orders for execution. Price Singapore delegates actual trade execution to the trading desks of T. Rowe Price, T. Rowe Price International, or Price Hong Kong, and may use these affiliated investment advisers for certain other trading-related services.
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How Broker-Dealers Are Selected
With respect to equity and debt securities, T. Rowe Price, T. Rowe Price International, Price Hong Kong, or Price Singapore may effect principal transactions on behalf of a fund with a broker-dealer that furnishes brokerage and/or research services; designate any such broker-dealer to receive selling concessions, discounts, or other allowances; or otherwise deal with any such broker-dealer in connection with the acquisition of securities in underwritings. T. Rowe Price, T. Rowe Price International, Price Hong Kong, or Price Singapore may receive research services in connection with brokerage transactions, including designations in fixed-price offerings.
Debt Securities
In purchasing and selling debt securities, T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore ordinarily place transactions with the issuer or a primary market-maker acting as principal for the securities on a net basis, with no stated brokerage commission being paid by the client, although the price usually includes undisclosed compensation to the market-maker. Debt securities may also be purchased from underwriters at prices which include underwriting fees. Any transactions placed through broker-dealers serving as primary market-makers reflect the spread between the bid and ask prices.
Equity Securities
In purchasing and selling equity securities, T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore seek to obtain best execution at favorable security prices through responsible broker-dealers and, in the case of agency transactions, at competitive commission rates. However, under certain conditions, higher brokerage commissions may be paid to broker-dealers providing brokerage and research services to T. Rowe Price, T. Rowe Price International, and Price Hong Kong than might be paid to other broker-dealers in accordance with Section 28(e) under the 1934 Act and subsequent guidance from regulators.
In selecting broker-dealers to execute the Price Funds portfolio transactions, consideration is given to such factors as the price of the security, the rate of the commission, the size and difficulty of the order, the reliability, integrity, general execution, and operational capabilities of competing broker-dealers, their expertise in particular markets, and brokerage and research services provided by them. It is not the policy of T. Rowe Price, T. Rowe Price International, or Price Hong Kong to seek the lowest available commission rate where it is believed that a broker-dealer charging a higher commission rate would offer greater reliability, provide better price, or more efficient execution.
As a general practice, transactions involving U.S. equity securities are executed in the primary market with market-makers, or through electronic, low touch trading venues. In selecting from among these options, T. Rowe Price generally seeks to select the broker-dealers or electronic venue it believes to be actively and effectively trading the security being purchased or sold. In an effort to obtain best execution, orders for foreign equity securities may be placed through T. Rowe Price Internationals or Price Hong Kongs trading desk.
Transactions on stock exchanges involve the payment of brokerage commissions. In transactions on stock exchanges in the U.S., these commissions are negotiated. Traditionally, commission rates have generally not been negotiated on stock markets outside the U.S. However, an increasing number of overseas stock markets have adopted a system of negotiated rates or ranges of rates, although a small number of markets continue to be subject to an established schedule of minimum commission rates. It is expected that equity securities will ordinarily be purchased in the primary markets, whether over-the-counter (OTC) or listed, and that listed securities may be purchased in the OTC market if such market is deemed the primary market. In the case of securities traded on the OTC markets, there is generally no stated commission, but the price usually includes an undisclosed commission or markup. In underwritten offerings, the price includes a disclosed, fixed commission or discount.
Evaluating the Overall Reasonableness of Brokerage Commissions Paid
On a continuing basis, T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore seek to determine what levels of commission rates are reasonable in the marketplace for transactions executed on behalf of mutual funds and other institutional clients. In evaluating the reasonableness of commission rates,
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T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore may consider any or all of the following: (a) rates quoted by broker-dealers; (b) the size of a particular transaction, in terms of the number of shares, dollar amount, and number of clients involved; (c) the complexity of a particular transaction in terms of both execution and settlement; (d) the level and type of business conducted with a particular firm over a period of time; (e) the extent to which the broker-dealer has capital at risk in the transaction; (f) historical commission rates; (g) rates paid by other institutional investors based on available public information; and (h) research provided by the broker-dealer.
Commissions Paid to Broker-Dealers for Research
Broker-dealers provide a wide range of research services to T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore.
T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore seek best execution on all trades consistent with fiduciary and regulatory requirements. T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore have adopted a brokerage allocation policy embodying the concepts of Section 28(e) under the 1934 Act. Section 28(e) permits an investment adviser to cause an account to pay a higher commission to a broker-dealer that also provides research services than the commission another broker-dealer would charge, provided the adviser determines in good faith that the commission paid is reasonable in relation to the value of the brokerage and research services provided. An adviser may make such a determination based upon either the particular transaction involved or the overall responsibilities of the adviser with respect to the accounts over which it exercises investment discretion. Therefore, research may not necessarily benefit all accounts paying commissions to such broker-dealers. Broker-dealers may provide proprietary research to T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore in connection with brokerage relationships, including fixed income offerings.
Certain full service broker-dealers (broker-dealers who provide brokerage and execution services) also furnish bundled proprietary research services to T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore. Bundled research involves an arrangement whereby the underlying commission is informally comprised of both trade execution and other services, most frequently investment research that is intended to assist T. Rowe Price, T. Rowe Price International, Price Hong Kong, and/or Price Singapore with their internal research processes. Such services are typically not offered on a stand-alone basis by broker-dealers. Proprietary research may include research from an affiliate of the broker-dealer and services that provide access to unaffiliated industry experts. T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore may use full service brokers either directly or through very limited use of step-outs or similar transactions with other brokers. Step-out trades, however, are not used to obtain research.
In addition, T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore may use equity brokerage commissions to acquire third-party research from independent research providers and broker-dealers through commission-sharing arrangements (CSAs). While Price Singapore does not currently participate in the CSA program, T. Rowe Price, T. Rowe Price International, and Price Hong Kong maintain CSAs with broker-dealers used for a percentage of low touch commission business. We generally effect low touch trading through broker-dealers electronic venues. We confine the use of CSA credits to obtain only research designed to assist in the investment decision-making process. Our current practice is to not acquire market data services, index data, software and other items with commission dollars, although some of those items are permitted under the SECs guidance. Not all clients participate in the CSA program, but the research received through this program is intended to assist T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore with its investment decision making responsibilities regarding its clients overall.
Proprietary and independent third-party research is an important component of T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapores investment approach. However, T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore rely primarily upon their own research efforts and subject any outside research services to internal analysis before incorporating such outside research into the investment process. As a practical matter, it would not be possible for T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore to generate all the information and varied opinions provided by broker-dealers. To the extent that broker-dealers provide research services of value, T. Rowe
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Price, T. Rowe Price International, Price Hong Kong, and Price Singapore are relieved of expenses which they might otherwise bear.
Broker-dealers and independent research providers generally supply the following types of research to T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore: information on the economy, industries, groups of securities, individual companies, statistical information, accounting and tax law interpretations, political developments, legal developments affecting portfolio securities, technical market action, pricing and appraisal services, credit analysis, risk measurement analysis, performance analysis, and analysis of corporate responsibility issues. The research incorporates both domestic and international perspectives. Research services are received primarily in the form of written reports, computer generated data, telephone contacts, and personal meetings with security analysts, corporate and industry executives, and other persons. In addition, research may include the provision of access to unaffiliated individuals with expertise in various industries, businesses, or other related areas. T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore may receive complimentary and customary fixed income research from various broker-dealers, including broker-dealers with whom fixed income transactions are carried out in accordance with T. Rowe Prices, T. Rowe Price Internationals, Price Hong Kongs, and Price Singapores best execution obligations. Such research, however, is not contingent upon specific trades with the providing broker-dealer. Some research may be incorporated into firm-wide systems or communications, thereby allowing, in some instances, T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore to access research obtained through commissions generated by an affiliated investment adviser.
At the present time, T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore do not recapture commissions, underwriting discounts, or selling-group concessions in connection with debt securities acquired in underwritten offerings. T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore may, however, have the opportunity to designate a portion of the underwriting spread to broker-dealers that participate in the offering.
Directed Brokerage
The Price Funds that invest in U.S. equity securities have adopted a commission recapture program. Under the program, a percentage of commissions generated by the portfolio transactions of those funds is rebated to the funds by the broker-dealers and credited to short-term security gain/loss. Although the Price Funds do not recapture commissions in connection with debt securities acquired in underwritten offerings, T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore may have the opportunity to designate a portion of the underwriting spread to broker-dealers that participate in the offering.
Allocation of Brokerage Commissions
T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore have policies of not pre-committing a specific amount of business to any broker-dealer over any specific time period. Historically, brokerage placement has been determined, as appropriate, by the needs of a specific transaction such as market-making, availability of a buyer or seller of a particular security, or specialized execution skills. T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore may choose to allocate brokerage among several broker-dealers that are able to meet the needs of the transaction.
As an ongoing process, T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore assess the contributions of the brokerage and research services provided by major broker-dealers and independent research providers in connection with equity transactions, and create a ranking of such broker-dealers. Portfolio managers, research analysts, and the trading department each evaluate the brokerage, execution, and research services they receive from broker-dealers and independent research providers and make judgments as to the quality of such services. In addition, smaller specialty broker-dealers and independent research providers are targeted to receive a suggested dollar amount of equity business based on an assessment of services they provide, subject to the fiduciary duties of T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore to seek best execution. Actual commissions received by any firm may not reflect such rankings or suggested targets because brokerage business is allocated on the basis of multiple factors considered in seeking best execution. Accordingly, commission business may be less
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than the ranking or suggested target, but may also often exceed such suggestions. T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore do not exclude a broker-dealer from receiving business because the broker-dealer does not provide research services. Price Singapore uses low touch or execution-only brokers where deemed appropriate.
Allocation of brokerage business is monitored on a regularly scheduled basis by appropriate personnel and the T. Rowe Price Equity Brokerage and Trading Control Committee. The T. Rowe Price Fixed Income Brokerage and Trading Control Committee provides similar monitoring and oversight with regard to fixed income trading.
Trade Allocation Policies
T. Rowe Price, T. Rowe Price International, and Price Hong Kong have developed written trade allocation guidelines for their trading desks. Generally, when the amount of securities available in a public or initial offering or the secondary markets is insufficient to satisfy the volume or price requirements for the participating client portfolios, the guidelines require a pro-rata allocation based upon the relative sizes of the participating client portfolios or the relative sizes of the participating client orders, depending upon the market involved. In allocating trades made on a combined basis, the trading desks seek to achieve the same net unit price of the securities for each participating client. Because a pro-rata allocation may not always adequately accommodate all facts and circumstances, the guidelines provide for exceptions to allocate trades on an adjusted basis, which may include a system-generated random allocation. For example, adjustments may be made: (i) to eliminate de minimis positions or satisfy minimum denomination requirements; (ii) to give priority to accounts with specialized investment policies and objectives; and (iii) to reallocate in light of a participating portfolios characteristics (e.g., available cash, industry or issuer concentration, duration, credit exposure). With respect to any private placement transactions, conditions imposed by the issuer or client may limit availability of allocations to client accounts.
Miscellaneous
The brokerage allocation policies for T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore are generally applied to all of their fully discretionary accounts, which represent a substantial majority of all assets under management. Research services furnished by broker-dealers through which T. Rowe Price, T. Rowe Price International, Price Hong Kong, or Price Singapore effect securities transactions may be used in servicing all accounts (including non-Price Funds) managed by T. Rowe Price, T. Rowe Price International, Price Hong Kong, or Price Singapore. Therefore, research services received from broker-dealers that execute transactions for a particular fund will not necessarily be used by T. Rowe Price, T. Rowe Price International, Price Hong Kong, or Price Singapore in connection with the management of that fund. The Price Funds do not allocate business to any broker-dealer on the basis of its sales of the funds shares. However, this does not mean that broker-dealers who purchase fund shares for their clients will not receive business from the fund.
Since certain clients of T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore could have similar investment objectives and programs to those of a particular Price Fund, T. Rowe Price, T. Rowe Price International, Price Hong Kong, or Price Singapore may make recommendations to other clients that result in their purchasing or selling securities simultaneously with the fund. As a result, the demand for securities being purchased or the supply of securities being sold may increase, and this could have an adverse effect on the price of those securities. It is the policy of T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore not to favor one client over another in making recommendations or in placing orders. T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore frequently follow the practice of grouping orders of various clients for execution. Clients should be aware, however, that the grouping of their orders with other clients orders may sometimes result in a more favorable price and at other times may result in a less favorable price than if the client orders had not been grouped. Where an aggregate order is executed in a series of transactions at various prices on a given day, each participating clients proportionate share of such order will reflect the average price paid or received with respect to the total order.
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T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore, as applicable, may also include orders on behalf of the Price Funds (including affiliated common trust funds), and the not-for-profit entities, T. Rowe Price Foundation, Inc. and The T. Rowe Price Program for Charitable Giving, Inc., in its aggregated orders from time to time.
T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore may give advice and take action for clients, including the Price Funds, which differs from advice given or the timing or nature of action taken for other clients. T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore are not obligated to initiate transactions for clients in any security that their principals, affiliates, or employees may purchase or sell for their own accounts or for other clients.
Purchase and sale transactions may be effected directly among and between non-ERISA client accounts (including affiliated mutual funds), provided no commission is paid to any broker-dealer, the security traded has readily available market quotations, and the transaction is effected at the independent current market price.
The Equity and Fixed Income Brokerage and Trading Control Committees are responsible for developing brokerage policies, monitoring their implementation, and resolving any questions that arise in connection with these policies for T. Rowe Price, T. Rowe Price International, Price Hong Kong, and Price Singapore.
T. Rowe Price and its affiliated investment advisers have established a general investment policy that they will ordinarily not make additional purchases of a common stock for their clients (including the Price Funds) if, as a result of such purchases, 10% or more of the outstanding common stock of the issuer would be held by clients in the aggregate. Approval may be given for aggregate ownership up to 20%, and in certain instances, higher amounts. All aggregate ownership decisions are reviewed by the appropriate oversight committee. For purposes of monitoring both of these limits, securities held by clients and clients of affiliated advisers are included.
Total Brokerage Commissions
The Price Funds bond investments are generally purchased and sold through principal transactions, meaning that a fund normally purchases bonds directly from the issuer or a primary market-maker acting as principal for the bonds, on a net basis. As a result, there is no explicit brokerage commission paid on these transactions, although purchases of new issues from underwriters of bonds typically include a commission or concession paid by the issuer to the underwriter and purchases from dealers serving as market-makers typically include a dealers mark-up (i.e., a spread between the bid and the asked prices). Explicit brokerage commissions are paid, however, in connection with opening and closing out futures positions. In addition, the funds do not incur any brokerage commissions when buying and selling shares of other Price Funds or another open-end mutual fund that is not exchange-traded, although a fund will pay brokerage commissions if it purchases or sells shares of an exchange-traded fund.
The following tables show the approximate total amount of brokerage commissions paid by each fund for its prior three fiscal years. Since bond purchases do not normally involve the payment of explicit brokerage commissions, the tables generally reflect only the brokerage commissions paid on transactions involving equity securities and futures, if applicable.
Fund | Fiscal Year Ended | ||
2/28/15 | 2/28/14 | 2/28/13 | |
California Tax-Free Bond | $95,000 | $660 | $0 |
California Tax-Free Money | 0 | 0 | 0 |
Floating Rate Multi-Sector Account Portfolio | 114,000 | 0 | 0 |
Georgia Tax-Free Bond | 140,000 | 0 | 0 |
High Yield Multi-Sector Account Portfolio | 45,000 | 0 | 0 |
Intermediate Tax-Free High Yield | 10,000 | (a) | (a) |
239
Fund | Fiscal Year Ended | ||
2/28/15 | 2/28/14 | 2/28/13 | |
Investment-Grade Corporate Multi-Sector Account Portfolio | 56,000 | (a) | 0 |
Maryland Short-Term Tax-Free Bond | 30,000 | 0 | 0 |
Maryland Tax-Free Bond | 342,000 | 0 | 0 |
Maryland Tax-Free Money | 1,000 | 0 | 0 |
Mortgage-Backed Securities Multi-Sector Account Portfolio | 0 | (a) | 0 |
New Jersey Tax-Free Bond | 71,000 | (a) | 0 |
New York Tax-Free Bond | 79,000 | (a) | 0 |
New York Tax-Free Money | 0 | 0 | 0 |
Tax-Efficient Equity | 12,000 | 12,000 | 14,000 |
Tax-Exempt Money | 1,000 | 0 | 0 |
Tax-Free High Yield | 1,099,000 | 7,800 | 0 |
Tax-Free Income | 449,000 | 2,500 | 0 |
Tax-Free Short-Intermediate | 230,000 | 0 | 0 |
Tax-Free Ultra Short-Term Bond | (b) | (b) | (b) |
Virginia Tax-Free Bond | 99,000 | 0 | 0 |
(a) Less than $1,000.
(b) Prior to commencement of operations.
Fund | Fiscal Year Ended | ||
5/31/15 | 5/31/14 | 5/31/13 | |
Corporate Income | $4,340,000 | $352,000 | $2,000 |
Credit Opportunities | 3,646,000 | 0 | (a) |
Floating Rate | 0 | 240,000 | 0 |
Global Multi-Sector Bond | 18,616,000 | 26,574,000 | 18,000 |
GNMA | 58,823,000 | 74,533,000 | 30,000 |
TRP Government Reserve Investment | 0 | 0 | 0 |
High Yield | 275,032,000 | 365,282,000 | 359,000 |
Inflation Protected Bond | 18,860,000 | 9,116,000 | 5,000 |
Institutional Core Plus | 9,529,000 | 9,950,000 | 4,000 |
Institutional Credit Opportunities | 10,343,000 | 0 | (a) |
Institutional Floating Rate | 0 | 0 | 0 |
Institutional Global Multi-Sector Bond | 9,829,000 | 44,400,000 | (a) |
Institutional High Yield | 96,290,000 | 110,899,000 | 80,000 |
Institutional Long Duration Credit | 512,000 | 401,000 | (a) |
Limited Duration Inflation Focused Bond | 383,590,000 | 133,483,000 | 12,000 |
New Income | 433,827,000 | 881,817,000 | 605,000 |
Personal Strategy Balanced | 448,437,000 | 432,260,000 | 430,000 |
Personal Strategy Growth | 441,470,000 | 398,932,000 | 386,000 |
Personal Strategy Income | 210,828,000 | 196,377,000 | 195,000 |
240
Fund | Fiscal Year Ended | ||
5/31/15 | 5/31/14 | 5/31/13 | |
Prime Reserve | 0 | 0 | 0 |
TRP Reserve Investment | 0 | 0 | 0 |
Retirement 2005 | 0 | 0 | 0 |
Retirement 2010 | 0 | 0 | 0 |
Retirement 2015 | 0 | 0 | 0 |
Retirement 2020 | 0 | 0 | 0 |
Retirement 2025 | 0 | 0 | 0 |
Retirement 2030 | 0 | 0 | 0 |
Retirement 2035 | 0 | 0 | 0 |
Retirement 2040 | 0 | 0 | 0 |
Retirement 2045 | 0 | 0 | 0 |
Retirement 2050 | 0 | 0 | 0 |
Retirement 2055 | 0 | 0 | 0 |
Retirement 2060 | 0 | (a) | (a) |
Retirement Balanced | 0 | 0 | 0 |
Retirement I 2005 FundI Class | (a) | (a) | (a) |
Retirement I 2010 FundI Class | (a) | (a) | (a) |
Retirement I 2015 FundI Class | (a) | (a) | (a) |
Retirement I 2020 FundI Class | (a) | (a) | (a) |
Retirement I 2025 FundI Class | (a) | (a) | (a) |
Retirement I 2030 FundI Class | (a) | (a) | (a) |
Retirement I 2035 FundI Class | (a) | (a) | (a) |
Retirement I 2040 FundI Class | (a) | (a) | (a) |
Retirement I 2045 FundI Class | (a) | (a) | (a) |
Retirement I 2050 FundI Class | (a) | (a) | (a) |
Retirement I 2055 FundI Class | (a) | (a) | (a) |
Retirement I 2060 FundI Class | (a) | (a) | (a) |
Retirement Balanced I FundI Class | (a) | (a) | (a) |
Short-Term Bond | 47,910,000 | 102,097,000 | 43,000 |
Short-Term Government Reserve | (a) | (a) | (a) |
Short-Term Reserve | 0 | 0 | 0 |
Target 2005 | 0 | 0 | (a) |
Target 2010 | 0 | 0 | (a) |
Target 2015 | 0 | 0 | (a) |
Target 2020 | 0 | 0 | (a) |
Target 2025 | 0 | 0 | (a) |
Target 2030 | 0 | 0 | (a) |
Target 2035 | 0 | 0 | (a) |
Target 2040 | 0 | 0 | (a) |
Target 2045 | 0 | 0 | (a) |
Target 2050 | 0 | 0 | (a) |
241
Fund | Fiscal Year Ended | ||
5/31/15 | 5/31/14 | 5/31/13 | |
Target 2055 | 0 | 0 | (a) |
Target 2060 | 0 | 0 | (a) |
U.S. Treasury Intermediate | 6,243,000 | 7,809,000 | 15,000 |
U.S. Treasury Long-Term | 8,549,000 | 10,628,000 | 0 |
U.S. Treasury Money | 0 | 0 | 0 |
Ultra Short-Term Bond | 10,580,000 | 569,000 | 0 |
(a) Prior to commencement of operations.
Fund | Fiscal Year Ended | ||
10/31/15 | 10/31/14 | 10/31/13 | |
Africa & Middle East | $467,000 | $510,000 | $336,000 |
Asia Opportunities | 42,000 | 16,000 | (a) |
Emerging Europe | 378,000 | 377,000 | 289,000 |
Emerging Markets Stock | 6,457,000 | 5,741,000 | 6,098,000 |
Emerging Markets Value Stock | 14,000 | (a) | (a) |
European Stock | 1,608,000 | 2,009,000 | 1,098,000 |
Global Allocation | 49,000 | 28,000 | 15,000 |
Global Growth Stock | 147,000 | 146,000 | 144,000 |
Global Stock | 772,000 | 931,000 | 1,130,000 |
Institutional Africa & Middle East | 548,000 | 556,000 | 329,000 |
Institutional Emerging Markets Equity | 726,000 | 862,000 | 939,000 |
Institutional Frontier Markets Equity | 333,000 | 9,000 | (a) |
Institutional Global Focused Growth Equity | 153,000 | 223,000 | 381,000 |
Institutional Global Growth Equity | 416,000 | 318,000 | 230,000 |
Institutional Global Value Equity | 7,000 | 8,000 | 6,000 |
Institutional International Concentrated Equity | 406,000 | 149,000 | 11,000 |
Institutional International Core Equity | 77,000 | 34,000 | 21,000 |
Institutional International Growth Equity | 50,000 | 106,000 | 98,000 |
International Concentrated Equity | 15,000 | 3,000 | (a) |
International Discovery | 3,526,000 | 3,016,000 | 3,453,000 |
International Equity Index | 130,000 | 59,000 | 61,000 |
International Growth & Income | 7,342,000 | 9,200,000 | 6,253,000 |
International Stock | 10,134,000 | 11,872,000 | 11,056,000 |
Japan | 243,000 | 196,000 | 420,000 |
Latin America | 837,000 | 1,190,000 | 1,168,000 |
New Asia | 6,215,000 | 7,208,000 | 7,222,000 |
Overseas Stock | 3,929,000 | 3,703,000 | 1,888,000 |
Summit Cash Reserves | 0 | 0 | 0 |
Summit Municipal Income | 0 | 0 | 0 |
Summit Municipal Intermediate | 0 | 0 | 0 |
242
Fund | Fiscal Year Ended | ||
10/31/15 | 10/31/14 | 10/31/13 | |
Summit Municipal Money Market | 0 | 0 | 0 |
U.S. Bond Enhanced Index | 0 | 0 | 0 |
(a) Prior to commencement of operations.
Fund | Fiscal Year Ended | ||
12/31/15 | 12/31/14 | 12/31/13 | |
Balanced | $1,075,000 | $985,000 | $826,000 |
Blue Chip Growth | 5,354,000 | 5,112,000 | 5,392,000 |
Capital Appreciation | 5,263,000 | 5,900,000 | 5,185,000 |
Capital Opportunity | 233,000 | 199,000 | 175,000 |
Diversified Mid-Cap Growth | 63,000 | 52,000 | 39,000 |
Dividend Growth | 724,000 | 493,000 | 431,000 |
Emerging Markets Bond | 0 | 0 | 0 |
Emerging Markets Corporate Bond | 0 | 0 | 0 |
Emerging Markets Corporate Multi-Sector Account Portfolio | 0 | 0 | 0 |
Emerging Markets Local Currency Bond | 0 | 0 | 0 |
Emerging Markets Local Multi-Sector Account Portfolio | 0 | 0 | 0 |
Equity Income | 9,025,000 (a) | 2,998,000 | 3,846,000 |
Equity Index 500 | 594,000 | 454,000 | 378,000 |
Extended Equity Market Index | 125,000 | 83,000 | 129,000 |
Financial Services | 282,000 | 318,000 | 385,000 |
Global Consumer | (b) | (b) | (b) |
Global High Income Bond | 0 | (b) | (b) |
Global Industrials | 12,000 | 8,000 | 4,000 |
Global Real Estate | 79,000 (a) | 26,000 | 96,000 |
Global Technology | 3,826,000 | 2,904,000 | 1,239,000 |
Global Unconstrained Bond | 0 | (b) | (b) |
Growth & Income | 671,000 (a) | 162,000 | 178,000 |
Growth Stock | 9,525,000 | 10,064,000 | 8,492,000 |
Health Sciences | 2,769,000 | 3,375,000 | 4,165,000 |
Institutional Emerging Markets Bond | 0 | 0 | 0 |
Institutional International Bond | 0 | 0 | 0 |
Institutional Large-Cap Core Growth | 335,000 | 259,000 | 220,000 |
Institutional Large-Cap Growth | 2,666,000 | 3,286,000 | 2,501,000 |
Institutional Large-Cap Value | 771,000 | 427,000 | 187,000 |
Institutional Mid-Cap Equity Growth | 1,357,000 | 1,276,000 | 1,485,000 |
Institutional Small-Cap Stock | 897,000 | 682,000 | 516,000 |
Institutional U.S. Structured Research | 313,000 | 250,000 | 217,000 |
International Bond | 0 | 0 | 0 |
243
Fund | Fiscal Year Ended | ||
12/31/15 | 12/31/14 | 12/31/13 | |
Media & Telecommunications | 351,000 | 811,000 | 1,664,000 |
Mid-Cap Growth | 6,181,000 | 6,459,000 | 8,476,000 |
Mid-Cap Index | (c) | (b) | (b) |
Mid-Cap Value | 9,070,000 | 7,483,000 | 5,764,000 |
New America Growth | 1,769,000 | 1,880,000 | 3,027,000 |
New Era | 3,159,000 | 3,846,000 | 4,061,000 |
New Horizons | 5,453,000 | 6,722,000 | 6,553,000 |
QM Global Equity | (b) | (b) | (b) |
QM U.S. Small & Mid-Cap Core Equity | (b) | (b) | (b) |
QM U.S. Small-Cap Growth Equity (d) | 394,000 | 155,000 | 157,000 |
QM U.S. Value Equity | (b) | (b) | (b) |
Real Assets | 3,406,000 | 2,834,000 | 3,243,000 |
Real Estate | 679,000 | 489,000 | 280,000 |
Science & Technology | 3,049,000 | 2,431,000 | 3,191,000 |
Small-Cap Index | 1,000 | (b) | (b) |
Small-Cap Stock | 3,361,000 | 3,545,000 | 3,180,000 |
Small-Cap Value | 5,373,000 (a) | 2,649,000 | 1,006,000 |
Spectrum Growth | 0 | 0 | 0 |
Spectrum Income | 0 | 0 | 0 |
Spectrum International | 0 | 0 | 0 |
Total Equity Market Index | 73,000 | 56,000 | 56,000 |
U.S. Large-Cap Core | 56,000 | 29,000 | 26,000 |
Value | 14,749,000 | 11,454,000 | 8,765,000 |
(a) The increase in commissions paid was primarily due to a portfolio manager change curing the prior rascal year, which resulted in a greater repositioning of the portfolio and more frequent trading activity.
(b) Prior to commencement of operations.
(c) Less than $1,000.
(d) The increase in commissions paid was primarily due to a significant increase in the funds assets over the prior fiscal year, which required more frequent purchases of securities.
Fund Holdings in Securities of Brokers and Dealers
The following lists the funds holdings in securities of its regular brokers and dealers as of the end of the fiscal years indicated.
(Amounts in 000s)
California Tax-Free Bond Fund
Fiscal Year Ended 2/28/15 | ||
Brokers | Value of Stock Holdings | Value of Bond Holdings |
Bank of America Merrill Lynch | | $4,946 |
244
California Tax-Free Money Fund
Fiscal Year Ended 2/28/15 | ||
Brokers | Value of Stock Holdings | Value of Bond Holdings |
JPMorgan Chase | | $750 |
Wells Fargo Securities | | 1,200 |
Intermediate Tax-Free High Yield Fund
Fiscal Year Ended 2/28/15 | ||
Brokers | Value of Stock Holdings | Value of Bond Holdings |
Bank of America Merrill Lynch | | $125 |
Goldman Sachs | | 347 |
Investment-Grade Corporate Multi-Sector Account Portfolio
Fiscal Year Ended 2/28/15 | ||
Brokers | Value of Stock Holdings | Value of Bond Holdings |
Bank of America Merrill Lynch | | $756 |
Barclays Capital | | 488 |
CS First Boston | | 443 |
Goldman Sachs | | 1,475 |
JPMorgan Chase | | $662 |
Morgan Stanley | | 1,512 |
Maryland Tax-Free Money Fund
Fiscal Year Ended 2/28/15 | ||
Brokers | Value of Stock Holdings | Value of Bond Holdings |
Wells Fargo Securities | | $5,800 |
New York Tax-Free Bond Fund
Fiscal Year Ended 2/28/15 | ||
Brokers | Value of Stock Holdings | Value of Bond Holdings |
Goldman Sachs | | $2,386 |
New York Tax-Free Money Fund
Fiscal Year Ended 2/28/15 | ||
Brokers | Value of Stock Holdings | Value of Bond Holdings |
JPMorgan Chase | | $2,000 |
Tax-Exempt Money Fund
Fiscal Year Ended 2/28/15 | ||
Brokers | Value of Stock Holdings | Value of Bond Holdings |
JPMorgan Chase | | $59,395 |
Wells Fargo Securities | | 4,475 |
Tax-Free High Yield Fund
Fiscal Year Ended 2/28/15 | ||
Brokers | Value of Stock Holdings | Value of Bond Holdings |
Bank of America Merrill Lynch | | $45,927 |
Citigroup Global Markets | | 24,836 |
Goldman Sachs | | 41,372 |
245
Tax-Free Income Fund