October 1, 2018
James E. OConnor, Esquire
U.S. Securities
& Exchange Commission
Division of Investment Management
100 F Street, N.E.
Washington, D.C.
20549
Re: T. Rowe Price Corporate Income Fund, Inc.
T. Rowe Corporate Income FundI Class
File Nos.: 033-62275/811-07353
T. Rowe Price Credit Opportunities Fund, Inc.
T. Rowe Price Credit Opportunities FundAdvisor Class
T. Rowe Price Credit Opportunities FundI Class
File Nos.: 333-194114/811-22939
T. Rowe Price Floating Rate Fund, Inc.
T. Rowe Price Floating Rate FundAdvisor Class
T. Rowe Price Floating Rate FundI Class
File Nos.: 333-174605/811-22557
T. Rowe Price Global Multi-Sector Bond Fund, Inc.
T. Rowe Price Global Multi-Sector Bond FundAdvisor Class
T. Rowe Price Global Multi-Sector Bond FundI Class
File Nos.: 333-154155/811-22243
T. Rowe Price GNMA Fund, Inc.
T. Rowe Price GNMA FundI Class
File Nos.: 033-01041/811-4441
T. Rowe Price Government Money Fund, Inc.
T. Rowe Price Government Money FundI Class
File Nos.: 002-54926/811-2603
T. Rowe Price High Yield Fund, Inc.
T. Rowe Price High Yield FundAdvisor Class
T. Rowe Price High Yield FundI Class
T. Rowe Price U.S. High Yield Fund
T. Rowe Price U.S. High Yield FundAdvisor Class
T. Rowe Price U.S. High Yield FundI Class
File Nos.: 002-93707/811-4119
T. Rowe Price Inflation Protected Bond Fund, Inc.
T. Rowe Price Inflation Protected Bond FundI Class
File Nos.: 333-99241/811-21185
T. Rowe Price Institutional Income Funds, Inc.
T. Rowe Price Institutional Cash Reserves Fund
T. Rowe Price Institutional Core Plus Fund
T. Rowe Price Institutional Floating Rate Fund
T. Rowe Price Institutional Floating Rate FundF Class
T. Rowe Price Institutional High Yield Fund
T. Rowe Price Institutional Long Duration Credit Fund
File Nos.: 333-84634/811-21055
T. Rowe Price Limited Duration Inflation Focused Bond Fund, Inc.
T. Rowe Price Limited Duration Inflation Focused Bond FundI Class
File Nos.: 333-136805/811-21919
T. Rowe Price New Income Fund, Inc.
T. Rowe Price New Income FundAdvisor Class
T. Rowe Price New Income FundI Class
T. Rowe Price New Income FundR Class
File Nos.: 002-48848/811-2396
T. Rowe Price Personal Strategy Funds, Inc.
T. Rowe Price Personal Strategy Balanced Fund
T. Rowe Price Personal Strategy Balanced FundI Class
T. Rowe Price Personal Strategy Growth Fund
T. Rowe Price Personal Strategy Growth FundI Class
T. Rowe Price Personal Strategy Income Fund
T. Rowe Price Personal Strategy Income FundI Class
File Nos.: 033-53675/811-07173
T. Rowe Price Retirement Funds, Inc.
T. Rowe Price Retirement 2005 Fund
T. Rowe Price Retirement 2005 FundAdvisor Class
T. Rowe Price Retirement 2005 FundR Class
T. Rowe Price Retirement 2010 Fund
T. Rowe Price Retirement 2010 FundAdvisor Class
T. Rowe Price Retirement 2010 FundR Class
T. Rowe Price Retirement 2015 Fund
T. Rowe Price Retirement 2015 FundAdvisor Class
T. Rowe Price Retirement 2015 FundR Class
T. Rowe Price Retirement 2020 Fund
T. Rowe Price Retirement 2020 FundAdvisor Class
T. Rowe Price Retirement 2020 FundR Class
T. Rowe Price Retirement 2025 Fund
T. Rowe Price Retirement 2025 FundAdvisor Class
T. Rowe Price Retirement 2025 FundR Class
T. Rowe Price Retirement 2030 Fund
T. Rowe Price Retirement 2030 FundAdvisor Class
T. Rowe Price Retirement 2030 FundR Class
T. Rowe Price Retirement 2035 Fund
T. Rowe Price Retirement 2035 FundAdvisor Class
T. Rowe Price Retirement 2035 FundR Class
T. Rowe Price Retirement 2040 Fund
T. Rowe Price Retirement 2040 FundAdvisor Class
T. Rowe Price Retirement 2040 FundR Class
T. Rowe Price Retirement 2045 Fund
T. Rowe Price Retirement 2045 FundAdvisor Class
T. Rowe Price Retirement 2045 FundR Class
T. Rowe Price Retirement 2050 Fund
T. Rowe Price Retirement 2050 FundAdvisor Class
T. Rowe Price Retirement 2050 FundR Class
T. Rowe Price Retirement 2055 Fund
T. Rowe Price Retirement 2055 FundAdvisor Class
T. Rowe Price Retirement 2055 FundR Class
T. Rowe Price Retirement 2060 Fund
T. Rowe Price Retirement 2060 FundAdvisor Class
T. Rowe Price Retirement 2060 FundR Class
T. Rowe Price Retirement Balanced Fund
T. Rowe Price Retirement Balanced FundAdvisor Class
T. Rowe Price Retirement Balanced FundR Class
T. Rowe Price Retirement I 2005 FundI Class
T. Rowe Price Retirement I 2010 FundI Class
T. Rowe Price Retirement I 2015 FundI Class
T. Rowe Price Retirement I 2020 FundI Class
T. Rowe Price Retirement I 2025 FundI Class
T. Rowe Price Retirement I 2030 FundI Class
T. Rowe Price Retirement I 2035 FundI Class
T. Rowe Price Retirement I 2040 FundI Class
T. Rowe Price Retirement I 2045 FundI Class
T. Rowe Price Retirement I 2050 FundI Class
T. Rowe Price Retirement I 2055 FundI Class
T. Rowe Price Retirement I 2060 FundI Class
T. Rowe Price Retirement Balanced I FundI Class
T. Rowe Price Target 2005 Fund
T. Rowe Price Target 2005 FundAdvisor Class
T. Rowe Price Target 2005 FundI Class
T. Rowe Price Target 2010 Fund
T. Rowe Price Target 2010 FundAdvisor Class
T. Rowe Price Target 2010 FundI Class
T. Rowe Price Target 2015 Fund
T. Rowe Price Target 2015 FundAdvisor Class
T. Rowe Price Target 2015 FundI Class
T. Rowe Price Target 2020 Fund
T. Rowe Price Target 2020 FundAdvisor Class
T. Rowe Price Target 2020 FundI Class
T. Rowe Price Target 2025 Fund
T. Rowe Price Target 2025 FundAdvisor Class
T. Rowe Price Target 2025 FundI Class
T. Rowe Price Target 2030 Fund
T. Rowe Price Target 2030 FundAdvisor Class
T. Rowe Price Target 2030 FundI Class
T. Rowe Price Target 2035 Fund
T. Rowe Price Target 2035 FundAdvisor Class
T. Rowe Price Target 2035 FundI Class
T. Rowe Price Target 2040 Fund
T. Rowe Price Target 2040 FundAdvisor Class
T. Rowe Price Target 2040 FundI Class
T. Rowe Price Target 2045 Fund
T. Rowe Price Target 2045 FundAdvisor Class
T. Rowe Price Target 2045 FundI Class
T. Rowe Price Target 2050 Fund
T. Rowe Price Target 2050 FundAdvisor Class
T. Rowe Price Target 2050 FundI Class
T. Rowe Price Target 2055 Fund
T. Rowe Price Target 2055 FundAdvisor Class
T. Rowe Price Target 2055 FundI Class
T. Rowe Price Target 2060 Fund
T. Rowe Price Target 2060 FundAdvisor Class
T. Rowe Price Target 2060 FundI Class
File Nos.: 333-92380/811-21149
T. Rowe Price Short-Term Bond Fund, Inc.
T. Rowe Price Short-Term Bond FundAdvisor Class
T. Rowe Price Short-Term Bond FundI Class
T. Rowe Price Ultra Short-Term Bond Fund
T. Rowe Price Ultra Short-Term Bond FundI Class
File Nos.: 002-87568/811-3894
T. Rowe Price Total Return Fund, Inc.
T. Rowe Price Return FundAdvisor Class
T. Rowe Price Return FundI Class
File Nos.: 333-213574/811-23180
T. Rowe Price U.S. Treasury Funds, Inc.
U.S. Treasury Intermediate Fund
U.S. Treasury Intermediate FundI Class
U.S. Treasury Long-Term Fund
U.S. Treasury Long-Term FundI Class
U.S. Treasury Money Fund
U.S. Treasury Money FundI Class
File Nos.: 033-30531/811-5860
Dear Mr. OConnor:
This letter is being filed in accordance with Rule 497(j) of the Securities Act of 1933. There are no changes to the funds Statement of Additional Information (SAI) or prospectuses that were filed under Rule 485(b) on September 26, 2018.
The prospectuses and SAI went effective automatically on October 1, 2018.
If you have any questions about this filing, please give me a call at 410-345-4981 or, in my absence, Brian R. Poole at 410-345-6646.
Sincerely,
/s/Tawanda L. Cottman
Tawanda L. Cottman