DEF 14A 1 def14a.htm

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the

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T. Rowe Price All-Cap Opportunities Fund, Inc. 002-99122/811-4358

T. Rowe Price Balanced Fund, Inc. 033-38791/811-6275

T. Rowe Price Blue Chip Growth Fund, Inc. 033-49581/811-7059

T. Rowe Price Capital Appreciation Fund, Inc. 033-05646/811-4519

T. Rowe Price Communications & Technology Fund, Inc. 333-27963/811-07075

T. Rowe Price Corporate Income Fund, Inc. 033-62275/811-07353

T. Rowe Price Credit Opportunities Fund, Inc. 333-194114/811-22939

T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. 333-109958/811-21454

T. Rowe Price Dividend Growth Fund, Inc. 033-49187/811-7055

T. Rowe Price Equity Funds, Inc. 333-04753/811-07639

T. Rowe Price Equity Income Fund, Inc. 033-00070/811-4400

T. Rowe Price Equity Series, Inc. 033-52161/811-07143

T. Rowe Price Exchange-Traded Funds, Inc. 333-235450/811-23494

T. Rowe Price Financial Services Fund, Inc. 333-09551/811-07749

T. Rowe Price Fixed Income Series, Inc. 033-52749/811-07153

T. Rowe Price Floating Rate Fund, Inc. 333-174605/811-22557

T. Rowe Price Global Allocation Fund, Inc. 333-187446/811-22810

T. Rowe Price Global Funds, Inc. 033-29697/811-5833

T. Rowe Price Global Multi-Sector Bond Fund, Inc. 333-154155/811-22243

T. Rowe Price Global Real Estate Fund, Inc. 333-153130/811-22218

T. Rowe Price Global Technology Fund, Inc. 333-40086/811-09995

T. Rowe Price GNMA Fund, Inc. 033-01041/811-4441

T. Rowe Price Government Money Fund, Inc. 002-54926/811-2603

T. Rowe Price Growth Stock Fund, Inc. 002-10780/811-579

T. Rowe Price Health Sciences Fund, Inc. 033-63759/811-07381

T. Rowe Price High Yield Fund, Inc. 002-93707/811-4119

T. Rowe Price Index Trust, Inc. 033-32859/811-5986

T. Rowe Price Inflation Protected Bond Fund, Inc. 333-99241/811-21185

T. Rowe Price Institutional Income Funds, Inc. 333-84634/811-21055

T. Rowe Price Integrated Equity Funds, Inc. 333-26323/811-08203

T. Rowe Price Intermediate Tax-Free High Yield Fund, Inc. 333-196145/811-22968

T. Rowe Price International Funds, Inc. 002-65539/811-2958

T. Rowe Price International Index Fund, Inc. 333-44964/811-10063

T. Rowe Price International Series, Inc. 033-52171/811-07145

T. Rowe Price Limited Duration Inflation Focused Bond Fund, Inc. 333-136805/811-21919

T. Rowe Price Mid-Cap Growth Fund, Inc. 033-47806/811-6665

T. Rowe Price Mid-Cap Value Fund, Inc. 333-02993/811-07605

T. Rowe Price Multi-Sector Account Portfolios, Inc. 333-178660/811-22620

T. Rowe Price Multi-Strategy Total Return Fund, Inc. 333-218649/811-23261

T. Rowe Price New Era Fund, Inc. 002-29866/811-1710

T. Rowe Price New Horizons Fund, Inc. 002-18099/811-958

T. Rowe Price New Income Fund, Inc. 002-48848/811-2396

T. Rowe Price QM U.S. Bond Index Fund, Inc. 333-45018/811-10093

T. Rowe Price Real Assets Fund, Inc. 333-166395/811-22410

T. Rowe Price Real Estate Fund, Inc. 333-36137/811-08371

T. Rowe Price Reserve Investment Funds, Inc. 811-08279

T. Rowe Price Retirement Funds, Inc. 333-92380/811-21149

T. Rowe Price Science & Technology Fund, Inc. 033-16567/811-5299

T. Rowe Price Short-Term Bond Fund, Inc. 002-87568/811-3894

T. Rowe Price Small-Cap Stock Fund, Inc. 002-12171/811-696

T. Rowe Price Small-Cap Value Fund, Inc. 002-43237/811-2215-99

T. Rowe Price Spectrum Fund, Inc. 033-10992/811-4998

T. Rowe Price Spectrum Funds II, Inc. 033-53675/811-07173

T. Rowe Price State Tax-Free Funds, Inc. 033-06533/811-4521

T. Rowe Price Summit Funds, Inc. 033-50319/811-7093

T. Rowe Price Summit Municipal Funds, Inc. 033-50321/811-7095

T. Rowe Price Tax-Efficient Funds, Inc. 333-26441/811-08207

T. Rowe Price Tax-Exempt Money Fund, Inc. 002-67029/811-3055

T. Rowe Price Tax-Free High Yield Fund, Inc. 002-94641/811-4163

T. Rowe Price Tax-Free Income Fund, Inc. 002-57265/811-2684

T. Rowe Price Tax-Free Short-Intermediate Fund, Inc. 002-87059/811-3872

T. Rowe Price Total Return Fund, Inc. 333-213574/811-23180

T. Rowe Price U.S. Equity Research Fund, Inc. 033-56015/811-07225

T. Rowe Price U.S. Large-Cap Core Fund, Inc. 333-158764/811-22293

T. Rowe Price U.S. Treasury Funds, Inc. 033-30531/811-5860

T. Rowe Price Value Fund, Inc. 033-54963/811-07209

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Proxy Information

May 10, 2023

This proxy material concerns:

All mutual funds and exchange-traded funds sponsored and managed by T. Rowe Price Associates, Inc. (each a “Fund” and together the “T. Rowe Price Funds”)

We cordially invite you to attend a joint special meeting of shareholders (the “Shareholder Meeting”) of T. Rowe Price Funds on Monday, July 24, 2023, at 12:15 p.m. eastern time. The Shareholder Meeting will be conducted as a virtual meeting hosted by means of a live webcast. A complete list of the T. Rowe Price Funds is included in Exhibit 1. The T. Rowe Price Funds’ Boards of Directors (each, a “Board”) has implemented a virtual meeting format to provide our shareholders with a convenient forum for the Shareholder Meeting. Shareholders will be able to listen, vote, and submit questions from their home or any location with internet connectivity.

The following matters will be considered and acted upon at that time:

1. Elect four (4) director-nominees for each Fund; and

2. To transact such other business as may properly come before the Shareholder Meeting and any adjournments or postponements thereof.

You or your proxy holder will be able to attend the meeting online, vote your shares electronically, and submit questions by visiting the portable document format (“PDF”) available at the following url: https://vote.proxyonline.com/trowe/docs/2023virtualmeetinginformation.pdf. The PDF will provide a url to attend the Shareholder Meeting. You must register prior to attending the Shareholder Meeting. You must have PDF viewing software, such as Adobe Reader, installed on your computer to view the document and attend the Shareholder Meeting. More detailed instructions are provided in the proxy materials that follow.

You are receiving these combined proxy materials for any Fund(s) you own. We hope that you will be able to attend the Shareholder Meeting and we encourage you to vote by telephone or online using the control number that appears on the enclosed proxy card prior to the Shareholder Meeting. Voting prior to the Shareholder Meeting will

reduce the time and costs associated with this proxy solicitation. Whichever method you choose, please read the enclosed proxy statement carefully before you vote.

Since the T. Rowe Price Funds’ last joint shareholder meeting in 2018, certain directors have retired or resigned and new directors have been added to replace them. In conjunction with these changes and more long-term succession planning, it has become necessary to seek shareholder approval to elect four directors for each Fund. If all proposed nominees are elected, each Fund’s Board will be composed of at least 75% independent directors and the same independent directors would serve on each Fund’s Board.

If you have questions, please call one of our service representatives at 1-800-541-5910.

Your participation in this vote is extremely important. By voting promptly, you can help the Funds that you own avoid the expense of additional mailings.

As always, thank you for investing with T. Rowe Price.

Sincerely,

Robert W. Sharps
Chief Executive Officer, T. Rowe Price Group, Inc.

Notice of Joint Special Meeting of Shareholders

  

All mutual funds and exchange-traded funds sponsored and managed by T. Rowe Price Associates, Inc. (each a “Fund” and together the “T. Rowe Price Funds”)

T. Rowe Price Funds
100 East Pratt Street
Baltimore, Maryland 21202

Fran M. Pollack-Matz
Secretary

 

May 10, 2023

 

A joint special meeting of shareholders (the “Shareholder Meeting”) of the T. Rowe Price Funds will be held virtually on Monday, July 24, 2023, at 12:15 p.m. eastern time, by means of a live webcast. A complete list of the T. Rowe Price Funds is included in Exhibit 1. The following matters will be acted upon at that time:

 

1. Elect four (4) director-nominees for each Fund; and

2. To transact such other business as may properly come before the Shareholder Meeting and any adjournments or postponements thereof.

 

You or your proxy holder will be able to attend the meeting online, vote your shares electronically, and submit questions by visiting the portable document format (“PDF”) available at the following url: https://vote.proxyonline.com/trowe/docs/2023virtualmeetinginformation.pdf. The PDF will provide a url to attend the Shareholder Meeting. You must register prior to attending the Shareholder Meeting and vote your shares. You must have PDF viewing software, such as Adobe Reader, installed on your computer to view the document and attend the Shareholder Meeting. More detailed instructions are provided in the proxy materials that follow.

If your shares are held through an intermediary (such as a brokerage account or by a bank or other holder of record), you will need to request a legal proxy to vote during the virtual Shareholder Meeting. To do so, you must submit proof of your proxy power (legal proxy) reflecting your holdings along with your name and email address to AST

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Financial (“AST”), the proxy tabulator for the Shareholder Meeting. Requests for registration must be labeled as “Legal Proxy” and be received no later than 5:00 p.m. eastern time, on July 19, 2023. You will receive a confirmation of your registration by email that includes the control number necessary to vote during the Shareholder Meeting. Requests for registration should be directed to AST at attendameeting@equiniti.com.

The Shareholder Meeting webcast will begin promptly at 12:15 p.m. eastern time. We encourage you to access the Shareholder Meeting prior to the start time in order to register to attend. For additional information on how you can vote your shares and participate in the virtual Shareholder Meeting, please see the instructions under the heading SUMMARY beginning on page 1 of the enclosed proxy materials that follow. Because the Shareholder Meeting will be a completely virtual meeting, there will be no physical location for shareholders to attend.

Only shareholders of record at the close of business on Thursday, April 27, 2023, are entitled to notice of, and to vote at, this Shareholder Meeting or any adjournment or postponement thereof.

The Boards of Directors recommend that you vote in favor of each director nominated for election.

FRAN M. POLLACK-MATZ
SECRETARY

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YOUR VOTE IS IMPORTANT

Shareholders are urged to designate their choice on the matters to be acted upon by using one of the following four methods:

1. Vote online.

· Read the enclosed proxy materials.

· Go to the Internet voting site found on your proxy card.

· Enter the control number found on your proxy card.

· Follow the instructions using your proxy card as a guide.

2. Vote by telephone.

· Read the enclosed proxy materials.

· Call the toll-free number found on your proxy card.

· Enter the control number found on your proxy card.

· Follow the recorded instructions using your proxy card as a guide.

3. Vote by mail.

· Read the enclosed proxy materials.

· Date, sign, and return the enclosed proxy card in the envelope provided, which requires no postage if mailed in the United States. Your proxy card must be received prior to the Shareholder Meeting.

4. Attend the virtual Shareholder Meeting.

· Read the enclosed proxy materials.

· Vote your shares electronically during the live Shareholder Meeting webcast by going to the Internet voting site found on your proxy card.

· Enter the control number found on your proxy card.

· Follow the instructions using your proxy card as a guide.

Your prompt response will help to achieve a quorum at the Shareholder Meeting and avoid the potential for additional expenses to each Fund and its shareholders of further solicitation. Your vote must be received prior to the conclusion of the Shareholder Meeting.

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T. Rowe Price Funds
100 East Pratt Street
Baltimore, Maryland 21202

Joint Special Meeting of Shareholders
Monday, July 24, 2023

JOINT PROXY STATEMENT

This proxy material relates to all mutual funds and exchange-traded funds (“ETFs”) sponsored and managed by T. Rowe Price Associates, Inc. (“T. Rowe Price”). A complete list of the T. Rowe Price Funds is included in Exhibit 1 (each a “Fund,” and together, the “T. Rowe Price Funds,” the “Price Funds,” or the “Funds”). This document provides you with the information you need to vote on the matters coming before the upcoming joint special meeting (the “Shareholder Meeting”) and is furnished in connection with the solicitation of proxies by the T. Rowe Price Funds. If you have any questions, please feel free to call us toll free at 1-800-541-5910. The Notice of Joint Special Meeting of Shareholders, the proxy card, and this joint proxy statement (the “Proxy Statement”) began mailing to shareholders of record on or about May 10, 2023.

How can shareholders access the virtual Shareholder Meeting?

The Shareholder Meeting will be a virtual meeting conducted exclusively via live webcast starting at 12:15 p.m. eastern time on Monday, July 24, 2023. You or your proxy holder will be able to attend the meeting online, vote your shares electronically, and submit questions by visiting the portable document format (“PDF”) available at the following url: https://vote.proxyonline.com/trowe/docs/2023virtualmeetinginformation.pdf. The PDF will provide a url to attend the Shareholder Meeting. You must register by providing your name and email address prior to attending the Shareholder Meeting. You must have PDF viewing software, such as Adobe Reader, installed on your computer to view the document and attend the Shareholder Meeting.

Because the Shareholder Meeting is completely virtual and will be conducted via live webcast, shareholders will not be able to attend the Shareholder Meeting in person. If your shares are held through a brokerage account or by a bank or other holder of record you will need to request a legal proxy to vote your shares during the virtual meeting. To do so, you must submit proof of your proxy power (“legal proxy”) reflecting your holdings as of April 27, 2023, along with your name and email address to AST. Requests for registration must be labeled as “Legal Proxy” and be received no later than 5:00 p.m. eastern time, on July 19, 2023. You will receive a confirmation of your registration by email that includes the control number necessary to vote during the Shareholder Meeting. Requests for registration should be directed to AST at attendameeting@equiniti.com.

We are pleased to offer our shareholders a completely virtual Shareholder Meeting, which provides worldwide access and communication. We are committed to ensuring that shareholders will be afforded the same rights and opportunities to participate as they would at an in-person meeting. We will reserve time at the end of the Shareholder Meeting (prior to the final vote tabulation) to answer as many shareholder-submitted

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questions as time permits; however, we reserve the right to exclude questions that are not pertinent to Shareholder Meeting matters or that are otherwise inappropriate. If substantially similar questions are received, we will group such questions together and provide a single response to avoid repetition.

Who is asking for my vote?

The Boards of Directors (each, a “Board” and together, the “Boards”) of the T. Rowe Price Funds request that you vote on each director nominated for election. The votes will be formally counted at the Shareholder Meeting on Monday, July 24, 2023, and if the Shareholder Meeting is adjourned or postponed, on the date of the adjourned or postponed meeting. Fund shareholders may vote electronically at the Shareholder Meeting, and they may also vote prior to the Shareholder Meeting online, by telephone, or by returning a completed proxy card in the postage-paid envelope provided. Details can be found on the enclosed proxy card. Do not mail the proxy card if you are voting online or by telephone.

The Boards, including the Funds’ independent directors, recommend that shareholders vote FOR all the proposed nominees.

Who is eligible to vote?

Shareholders of record at the close of business on Thursday, April 27, 2023, (the “record date”) of each Fund are hereby notified of the Shareholder Meeting and are entitled to one vote for each full share and a proportionate vote for each fractional share of each Fund they held as of the record date. Shareholders of a Fund are entitled to vote with respect to that Fund and not with respect to any Fund of which they do not own any shares as of the record date.

Under Maryland law, shares owned by two or more persons (whether as joint tenants, co-fiduciaries, or otherwise) will be voted as follows, unless a written instrument or court order providing to the contrary has been filed with a Fund: (1) if only one votes, that vote will bind all; (2) if more than one votes, the vote of the majority will bind all; and (3) if more than one votes and the vote is evenly divided, the vote will be cast proportionately.

What are shareholders being asked to vote on?

At a meeting held on Monday, March 6, 2023, the Boards, including the independent directors, unanimously approved submitting the following proposals to the shareholders of the Funds to be considered and acted upon:

  

Proposal

Funds Affected

1. Elect four (4) director-nominees;

All Funds

2. To transact such other business as may properly come before the Shareholder Meeting and any adjournments or postponements thereof.

All Funds

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How can I get more information about the Funds?

A copy of each Fund’s most recent prospectus, annual and semiannual shareholder reports, and statement of additional information are available at no cost by visiting our website at troweprice.com/prospectus; by calling 1-800-541-5910; or by writing to T. Rowe Price, 4515 Painters Mill Road, Owings Mills, Maryland 21117.

PROPOSAL – ELECTION OF DIRECTORS

Under the Investment Company Act of 1940, as amended (the “1940 Act”), a certain percentage of each Fund’s Board must be elected by shareholders. Due to the retirement or resignation of certain directors over the past few years, it is now necessary for the Funds to hold a shareholder meeting to elect directors. Two of the proposed nominees, Kellye L. Walker and Eric L. Veiel, presently serve as directors on the current Boards. Melody Bianchetto and Mark J. Parrell do not currently serve as directors although each has served on each Board’s Advisory Board since February 24, 2023 and January 1, 2023, respectively. As discussed in further detail below, Advisory Board members serve in a consultative capacity to the Board and, in doing so, participate in Board discussions and review Board materials. None of these proposed nominees have yet been elected by shareholders.

The current directors who have not been nominated for shareholder approval at the upcoming Shareholder Meeting were previously elected by each Fund’s shareholders. Each of the current directors who are not nominated for election at this time will continue to serve on the Boards following the Shareholder Meeting. Each Board will be composed of at least 75% independent directors if the proposed nominees are elected. Robert J. Gerrard, Jr., an independent director, currently serves as the chair of the Board. Mr. Gerrard is expected to continue serving as the chair following the Shareholder Meeting.

If all proposed nominees are elected, there will be seven independent directors and two interested directors on each Fund’s Board. Once elected, each nominee will become a director immediately.

What are the primary responsibilities of the Boards and their committees, and how often do they meet?

The same directors serve on each Board. This shared structure provides effective governance by exposing the directors to a wide range of business issues and market trends, and permits the Boards to operate more efficiently, particularly with respect to matters common to all Funds. The Boards are responsible for the general oversight of each Fund’s business and for assuring that each Fund is managed in the best interests of its shareholders.

The directors meet 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 of the T. Rowe Price Funds held five regularly scheduled formal meetings during calendar year 2022. The Funds are not required to hold annual shareholder meetings. Accordingly, unless the Boards determine otherwise, the Funds do not hold

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an annual meeting of shareholders. If a shareholder meeting to elect directors is held, all nominee directors are encouraged to attend, subject to availability.

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 oversight responsibilities through several Board established committees. Each committee reports back to the full Boards. 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. The Boards currently have three standing committees, a Joint Nominating and Governance Committee, a Joint Audit Committee, and a Joint Executive Committee, which are described in greater detail in the following paragraphs.

The Joint Nominating and Governance Committee consists of all the independent directors of the Funds. Pursuant to the Joint Nominating and Governance Committee’s charter (which is filed as an Appendix to this Proxy Statement), it is responsible for, among other things, seeking, reviewing, and selecting candidates to fill independent director vacancies on each Fund’s Board; periodically evaluating the compensation payable to the independent directors; and performing certain functions with respect to the governance of the Funds. The chair of the Boards of the T. Rowe Price Funds serves as chair of the committee. The committee will consider written recommendations from shareholders for possible nominees for independent directors. Nominees will be considered based on their 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. The Joint Nominating and Governance Committee seeks to ensure that the Boards are composed of independent directors who bring diverse perspectives, including diverse experiences, backgrounds, race, ethnicity, gender, qualifications, skills, thoughts, viewpoints, and other qualities. Nominees will also be considered based on their independence from T. Rowe Price and other principal service providers. Other than executive sessions in connection with Board meetings, the Joint Nominating and Governance Committee formally met one time in 2022.

The Joint Audit Committee consists of only independent directors. The current members of the committee are Teresa Bryce Bazemore, Robert J. Gerrard, Jr., Paul F. McBride, and Kellye L. Walker. Ms. Bazemore currently serves as chair of the committee and is considered an “audit committee financial expert,” as defined by the Securities and Exchange Commission (“SEC”). The Joint Audit Committee oversees the pricing processes for the T. Rowe Price Funds and holds at least three regular meetings during each fiscal year for the specific purpose of meeting with management of the Price Funds and the Price Funds’ independent registered public accounting firm. The Joint Audit Committee reviews: (1) the services provided; (2) the findings of the most recent audits; (3) management’s response to the findings of the most recent audits; (4) the scope of the audits to be performed; (5) the accountants’ fees; (6) the qualifications, independence, and performance of the independent registered public accounting firm; and (7) any accounting questions relating to particular areas of the T. Rowe Price Funds’ operations, accounting service provider performance, or the operations of parties dealing with the T. Rowe Price Funds, as circumstances indicate.

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The Joint Audit Committee also reviews the risk management program of the Funds’ investment adviser and valuation-related materials and reports provided by the Funds’ valuation designee. The Joint Audit Committee met four times in 2022.

The Joint Executive Committee, which consists of each Fund’s interested directors, has been authorized by the Boards 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 Joint Executive Committee must be approved in advance by the independent chair of the Board (and if the independent chair is unavailable, consult an independent director of the Board) and reviewed after the fact by the full Board. The Joint Executive Committee for each Fund does not hold regularly scheduled meetings. The Joint Executive Committee was called upon one time to take action on behalf of the Funds during 2022.

From time to time, the independent directors may create a special committee (“Special Committee”) or an ad hoc working group composed of independent directors, whose purpose is to review certain limited topics that require in-depth consideration outside of the Boards’ regular review.

In addition to the Boards and the various committees, the directors have established an Advisory Board which consists of Melody Bianchetto and Mark J. Parrell. Advisory Board members serve in a consultative capacity to the Boards. As such, Ms. Bianchetto and Mr. Parrell participate in Board discussions and review Board materials relating to the T. Rowe Price Funds. However, Advisory Board members are not eligible to vote on any matter presented to the Boards and have no power to act on behalf of or bind the directors or any committee of the Boards.

Like other investment companies, the T. Rowe Price Funds are subject to various risks, including, among others, investment, compliance, operational, and valuation risks. The Boards oversee risk as part of their oversight of the Funds. Risk oversight is addressed as part of various Board and committee activities. Each 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 adviser’s liquidity committee, the derivatives risk manager, the Funds’ independent registered public accounting firm, legal counsel, and internal auditors for T. Rowe Price or its affiliates, as appropriate, regarding risks the Funds face and the risk management programs of the investment adviser and certain other service providers. Also, the Joint Audit Committee receives periodic reports from the valuation designee, chief risk officer and members of T. Rowe Price’s Risk and Operational Steering Committee on the significant risks inherent to the adviser’s business, including aggregate investment risks, reputational risk, business continuity risk, technology and cybersecurity 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 investment subadvisers 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.

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As of each Fund’s last fiscal year end, each director attended at least 75% of the aggregate meetings of the Board and any committees on which he or she served.

If a shareholder wishes to send a communication to any of the Boards, or to a particular director, the communication should be submitted in writing to Fran M. Pollack-Matz, Secretary of the T. Rowe Price Funds, 100 East Pratt Street, Baltimore, MD 21202, who will forward such communication to the directors.

Who are the directors and director nominees?

The Boards have proposed the persons listed below for election as director, each to hold office until the next annual meeting (if any), retirement, or resignation, or until his or her successor is duly elected and qualified. Each of the nominees has agreed to serve as a director if elected; however, should any nominee become unable or unwilling to accept nomination or election, the persons named in the proxy will exercise their voting power in favor of such other person or persons as the Boards may recommend.

Independent Directors and Nominees. Teresa Bryce Bazemore, Bruce W. Duncan, Robert J. Gerrard, Jr., Paul F. McBride, and Kellye L. Walker currently serve on the Board of each T. Rowe Price Fund and are not considered “interested persons” of the T. Rowe Price Funds, as defined in the 1940 Act. Such persons are commonly referred to as “independent directors.” Shareholders are being asked to consider electing Ms. Walker to continue serving on the Boards of all the T. Rowe Price Funds. Ms. Walker has served on the Boards since November 8, 2021, following her nomination to the Boards by the Joint Nominating and Governance Committee and her appointment by the Boards.

Shareholders are also being asked to consider electing Melody Bianchetto and Mark J. Parrell as independent directors. Ms. Bianchetto and Mr. Parrell do not currently serve as independent directors, although they have served on the Advisory Board since February 24, 2023 and January 1, 2023, respectively. Both Ms. Bianchetto and Mr. Parrell are not considered “interested persons” of the T. Rowe Price Funds, as defined in the 1940 Act. The Joint Nominating and Governance Committee of each Board has selected Ms. Bianchetto and Mr. Parrell to be nominated for election by shareholders and the Boards have nominated them for election. If Ms. Bianchetto and Mr. Parrell are elected by shareholders, they will no longer serve on the Advisory Board and the Advisory Board is expected to terminate.

Ms. Bazemore and Messrs. Duncan, Gerrard, and McBride were previously elected by the shareholders of all Funds and are therefore not standing for election at this time.

Interested Directors Eric Veiel and David Oestreicher currently serve as interested directors of all T. Rowe Price Funds. They are considered interested because they are employed by, and serve as officers of, T. Rowe Price and/or its affiliates. They are also shareholders of T. Rowe Price Group, Inc., the parent company of T. Rowe Price. Shareholders are being asked to elect Mr. Veiel to continue serving on the Boards of all T. Rowe Price Funds. Mr. Veiel was appointed to the Boards in February, 2022. Mr. Oestreicher was elected by shareholders of all Funds in 2018 and is therefore not standing for election at this time.

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The Boards have determined that each director, regardless of whether they are standing for election, should continue to serve on each Fund’s Board. In making this determination, the Boards considered the overall composition of the combined Board in conjunction with each individual director’s experience, qualifications, attributes, or skills. 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 a director. In addition, the actual service and commitment of the directors during their tenure on the Funds’ Boards were taken into consideration. A director’s 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 T. Rowe Price Funds, public companies, non-profit entities, or other organizations; or other experiences. Each director brings a diverse perspective to the Boards.

Each director’s mailing address is 100 E. Pratt Street, Baltimore, MD 21202.

Set forth below is a brief discussion of the specific experience, qualifications, attributes, or skills of each director or director-nominee that led to the conclusion that he or she should serve (or continue to serve) as a director.

Teresa Bryce Bazemore (independent director; not standing for election) has more than 25 years of experience as a senior executive in the mortgage banking field, including building both mortgage insurance and services businesses. Ms. Bazemore currently serves as president and chief executive officer (“CEO”)of the Federal Home Loan Bank of San Francisco (March 2021 to present); a director of First Industrial Realty Trust, an owner and operator of industrial properties (May 2020 to present); a director of Public Media Company (2008 to present); and a trustee of the Southern California chapter of the International Women’s Forum (January 2021 to present). She previously served as chief executive officer of Bazemore Consulting LLC (2018 to 2021); a director of Chimera Investment Corporation, a publicly traded mortgage REIT (November 2017 to February 2021); a director of the University of Virginia Foundation (July 2014 to June 2022); a member of the University of Virginia’s Center for Politics Advisory Board (October 2019 to July 2022); a president of Radian Guaranty, a national private mortgage insurer (2008 to 2017); and a director of the Federal Home Loan Bank of Pittsburgh (August 2017 to February 2019). She has been an independent director of the Price Funds since January 2018 and became the chair of the Joint Audit Committee in August 2019. Ms. Bazemore has a J.D. from Columbia University and a B.A. from the University of Virginia (“UVA”).

Melody Bianchetto (independent director-nominee; standing for election) is an accomplished finance professional with over 30 years of experience. She served as vice president for finance at UVA from 2015 until her retirement in February 2023, with oversight of key financial activities, including tax, accounting, financial reporting, debt and cash management, procurement, payroll, financial planning, and enterprise risk management. Prior to that, she led UVA’s financial planning and analysis function from 1998 to 2015. Ms. Bianchetto earned a B.S. in commerce with a concentration in accounting from UVA and an M.B.A. from James Madison University. She is also a

11

licensed Certified Public Accountant. Ms. Bianchetto has served as a member of the Board’s Advisory Committee since February 24, 2023.

Bruce W. Duncan (independent director; not standing for election) has substantial experience in the field of commercial real estate. Mr. Duncan served as president, CEO, and a director of CyrusOne, Inc., a real estate investment trust specializing in engineering, building, and managing data centers, from July 2020 to July 2021. He served as chair of the board of First Industrial Realty Trust from January 2016 until July 2020, president and CEO from January 2009 until September 2016, and CEO until December 2016. Mr. Duncan served as a senior advisor to KKR from November 2018 to December 2022. In May 2016, Mr. Duncan became a member of the board of Boston Properties, and he is currently a member of the nominating and governance committee and is a member of the audit committee of Boston Properties. From September 2016 until July 2020, Mr. Duncan served as a member of the board of Marriott International, Inc. He has been an independent director of the Price Funds since October 2013; in September 2014, he became a member of the Joint Audit Committee until August 2019 and served as chair of the Joint Audit Committee from July 2017 to August 2019. Mr. Duncan holds an M.B.A. in finance from the University of Chicago and a B.A. in economics from Kenyon College.

Robert J. Gerrard, Jr. (independent director; not standing for election) has served as chair of the Boards of all Price Funds since July 2018. He has been an independent director of certain Price Funds since 2012 (and all Price Funds since October 2013), served as the chair of the Joint Audit Committee from September 2014 to July 2017, and became a member of the Joint Audit Committee in August 2019. 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 served as general counsel to Scripps Networks. Mr. Gerrard earned a J.D. from Harvard Law School and an A.B. from Harvard College.

Paul F. McBride (independent director; not standing for election) has served in various management and senior leadership roles with the Black & Decker Corporation and General Electric Company. He led businesses in the materials, industrial, and consumer durable segments, and has significant global experience. He serves on the advisory board of Vizzia Technologies as well as Gilman School and Bridges Baltimore. He has been an independent director of the Price Funds since October 2013; served as a member of the Joint Audit Committee from September 2014 to August 2019; and became a member of the Joint Audit Committee in February 2022. Mr. McBride received a B.A. in economics from Trinity College.

Mark J. Parrell (independent director-nominee; standing for election) has been CEO and a member of the Board of Trustees of Equity Residential (“EQR”) since January 2019 and president of EQR since September 2018. Mr. Parrell served as executive vice president and chief financial officer of EQR from October 2007 to September 2018. Mr. Parrell was senior vice president and treasurer of EQR from August 2005 to October 2007 and has held various positions within the EQR finance group since September 1999. He served as director of Brookdale Senior Living Inc., a leading operator of senior living communities throughout the United States, from April 2015 to July 2017, and served as a director of Aviv REIT, Inc., a real estate investment trust, from March 2013 until April 2015 when it merged with Omega

12

Healthcare. Mr. Parrell serves on the Board of Directors of the Real Estate Roundtable and the 2022 Executive Board of the National Association of Real Estate Investment Trusts (“Nareit”). He is a member of the Nareit Dividends Through Diversity, Equity & Inclusion CEO Council and was chair of the Nareit 2021 Audit and Investment Committee. He is a member of the Advisory Board for the Ross Business School at University of Michigan, and is a member of the National Multifamily Housing Council and served as the chair of the Finance Committee in 2015 to 2016. Mr. Parrell also serves on the Board of Directors and is chair of the Finance Committee of the Greater Chicago Food Depository and is a member of the Economic Club of Chicago. Mr. Parrell received a B.B.A. from the University of Michigan and a J.D. from the Georgetown University Law Center. Mr. Parrell has served as a member of the Board’s Advisory Committee since January 1, 2023.

David Oestreicher (interested director; not standing for election) has served as an interested director of all Price Funds since July 2018. He is the general counsel for T. Rowe Price Group, Inc. and a member of the firm’s management committee. Mr. Oestreicher serves as a member of the Board of Governors for the Investment Company Institute (“ICI”), and previously served as the chair of the ICI’s international committee. He is on the Mutual Insurance Company Board of Governors, where he serves as a member of its executive committee and chair of its risk management committee. He also served on the board of the Investment Adviser Association and was a past chair of its legal and regulatory committee. Before joining T. Rowe Price in 1997, Mr. Oestreicher was special counsel in the Division of Market Regulation with the SEC. Mr. Oestreicher earned a B.S. in business administration from Bucknell University and a J.D. from Villanova University School of Law.

Eric L. Veiel (interested director; standing for election) has served as an interested director of all Price Funds since February 2022. He is the head of Global Equity and chief investment officer, chair of the Investment Management Steering Committee, and a member of the Management, Equity Steering, International Steering, Multi-Asset Steering, Product Steering, and Management Compensation and Development Committees. Mr. Veiel’s investment experience began in 1999. Prior to joining T. Rowe Price, he spent six years as a sell-side equity analyst, covering health insurers and pharmacy benefit managers at Wachovia Securities, Deutsche Bank Securities, and A.G. Edwards & Sons. He has been with T. Rowe Price since 2005, beginning in the Equity Division as an investment analyst covering life insurance companies, asset managers, money-centered banks, and investment banks. From 2010 to 2014, he was the portfolio manager of the Financial Services Equity Strategy and the financial services sector team leader. He served as a co-director of Equity Research for North America from 2014 to 2015 and co-portfolio manager of the US Equity Structured Research Strategy from 2015 to 2017. Most recently, from 2016 to 2021, he was co-head of Global Equity and head of U.S. Equity. Mr. Veiel earned a B.B.A., magna cum laude, in finance from James Madison University and an M.B.A., with concentrations in finance and accounting, from Washington University in St. Louis, John M. Olin School of Business, where he was a Charles F. Knight Scholar. He also has earned the Chartered Financial Analyst® designation.

Kellye L. Walker (independent director; standing for election) is executive vice president, chief legal officer, and corporate secretary of Eastman Chemical Company.

13

She is a seasoned senior executive with over 25 years of experience helping publicly traded companies increase value through forward thinking, strategic discipline, and a focus on continuous improvement. Her experience includes leading law departments, as well as other functions including compliance; government affairs; human resources; health, safety, environment and security; and information technology. Ms. Walker received a B.S. from Louisiana Tech University and a J.D. from Emory University School of Law. Ms. Walker has served as an independent director of the Price Funds since November 2021.

The following table entitled “Independent Directors/Nominees” provides biographical information for the independent directors, including those who have been nominated for election as an independent director, along with their principal occupation(s) during the past five years and any directorships of public companies and other investment companies. The table also shows their ownership in the Funds on which they currently serve or to which they are being nominated to serve as director, as well as their total ownership in all T. Rowe Price Funds. The table entitled “Interested Directors/Nominees” provides similar information, except the information pertains to the interested directors, including those who have been nominated for election as an interested director.

    

Independent Directors/Nominees

 

Name, Year of Birth, Position on Fund Board, and Principal Occupations and Other Directorships of Public Companies

Dollar Range of Fund Shares Beneficially Owned, Directly or Indirectly, as of 12/31/2022

Total Dollar Range of Shares Owned, Directly or Indirectly, in All Funds as of 12/31/2022

Melody Bianchetto, 1966

Advisory Board member / nominated for election as director, Vice President for Finance, University of Virginia (2015 to 2023)

None

None

None

Teresa Bryce Bazemore, 1959

Director of all T. Rowe Price Funds
(210 portfolios)

President and Chief Executive Officer, Federal Home Loan Bank of San Francisco (2021 to present); Chief Executive Officer, Bazemore Consulting LLC (2018 to 2021)

Chimera Investment Corporation (2017 to 2021); First Industrial Realty Trust (2020 to present); Federal Home Loan Bank of Pittsburgh (2017 to 2019)

Blue Chip Growth

Emerging Markets Local Currency Bond

Over $100,000

Over $100,000

Over $100,000

14

    

Independent Directors/Nominees

 

Name, Year of Birth, Position on Fund Board, and Principal Occupations and Other Directorships of Public Companies

Dollar Range of Fund Shares Beneficially Owned, Directly or Indirectly, as of 12/31/2022

Total Dollar Range of Shares Owned, Directly or Indirectly, in All Funds as of 12/31/2022

Bruce W. Duncan, 1951

Director of all T. Rowe Price Funds
(210 portfolios)

President, Chief Executive Officer, and Director, CyrusOne, Inc. (2020 to 2021); Chair of the Board (2016 to 2020), and President (2009 to 2016), First Industrial Realty Trust, owner and operator of industrial properties; Member, Investment Company Institute Board of Governors (2017 to 2019); Member, Independent Directors Council Governing Board (2017 to 2019); Senior Advisor, KKR (2018 to 2022)

CyrusOne, Inc. (2020 to 2021); First Industrial Realty Trust (2016 to 2020); Boston Properties (2016 to present); Marriott International, Inc. (2016 to 2020)

Emerging Markets Stock

Over $100,000

Over $100,000

Robert J. Gerrard, Jr., 1952

Director of all T. Rowe Price Funds
(210 portfolios)

None

All-Cap Opportunities

Blue Chip Growth

Capital Appreciation

China Evolution Equity

Communications & Technology

Diversified Mid-Cap Growth

Dividend Growth

Emerging Markets Corporate Bond

Emerging Markets Discovery Stock

Emerging Markets Stock

Equity Income

Extended Equity Market Index

Financial Services

Global Consumer

Global Industrials

Global Stock

Global Technology

GNMA

Growth Stock

Health Sciences

Integrated U.S. Small-Mid Cap Core Equity

Integrated U.S. Small-Cap Growth Equity

$50,001--$100,000

$50,001--$100,000

Over $100,000

$10,001--$50,000

Over $100,000

$10,001--$50,000

$10,001--$50,000

$1--$10,000

$10,001--$50,000

$10,001--$50,000

$10,001--$50,000

$10,001--$50,000

Over $100,000

$10,001--$50,000

$10,001--$50,000

$50,001--$100,000

Over $100,000

$1--$10,000

Over $100,000

Over $100,000

$1--$10,000

$1--$10,000

Over $100,000

15

    

Independent Directors/Nominees

 

Name, Year of Birth, Position on Fund Board, and Principal Occupations and Other Directorships of Public Companies

Dollar Range of Fund Shares Beneficially Owned, Directly or Indirectly, as of 12/31/2022

Total Dollar Range of Shares Owned, Directly or Indirectly, in All Funds as of 12/31/2022

 

International Discovery

International Stock

Japan

Large-Cap Growth

Large-Cap Value

Mid-Cap Growth

Mid-Cap Value

New Era

New Horizons

Overseas Stock

Real Assets

Retirement 2020

Retirement 2025

Retirement 2030

Retirement 2035

Retirement 2040

Retirement 2055

Retirement 2060

Science & Technology

Small-Cap Stock

Small-Cap Value

Spectrum Moderate Allocation

Spectrum Moderate Growth Allocation

Target 2060

Target 2065

U.S. Equity Research

U.S. Large-Cap Core

Ultra Short-Term Bond

Value

$1--$10,000

$1--$10,000

$1--$10,000

$10,001--$50,000

$10,001--$50,000

$10,001--$50,000

$50,001--$100,000

$1--$10,000

Over $100,000

$50,001--$100,000

$10,001--$50,000

$10,001--$50,000

$10,001--$50,000

$10,001--$50,000

$10,001--$50,000

$10,001--$50,000

$1--$10,000

$1--$10,000

$50,001--$100,000

$50,001--$100,000

$10,001--$50,000

$50,001-$100,00

$50,001--$100,000

$1--$10,000

$10,001--$50,000

$50,001--$100,000

$50,001--$100,000

$1--$10,000

Over $100,000

 

Paul F. McBride, 1956

Director of all T. Rowe Price Funds
(210 portfolios)

Advisory Board Member, Vizzia Technologies (2015 to present); Board Member, Dunbar Armored (2012 to 2018)

None

All-Cap Opportunities

Capital Appreciation

Health Sciences

Tax-Free High Yield

Over $100,000

Over $100,000

Over $100,000

Over $100,000

Over $100,000

16

    

Independent Directors/Nominees

 

Name, Year of Birth, Position on Fund Board, and Principal Occupations and Other Directorships of Public Companies

Dollar Range of Fund Shares Beneficially Owned, Directly or Indirectly, as of 12/31/2022

Total Dollar Range of Shares Owned, Directly or Indirectly, in All Funds as of 12/31/2022

Mark J. Parrell, 1966

Advisory Board Member / nominated for election as director, Chief Executive Officer (2019 to present) and President, EQR (2018 to present); Executive Vice President and Chief Financial Officer, EQR (2007 to 2018); Senior Vice President and Treasurer, EQR (2005 to 2007); Member, Nareit Dividends Through Diversity, Equity & Inclusion CEO Council and Chair, Nareit 2021 Audit and Investment Committee (2021); Advisory Board, Ross Business School at University of Michigan (2015 to 2016); Member, National Multifamily Housing Council and served as the Chair of the Finance Committee, (2015 to 2016), Member of the Economic Club of Chicago

EQR (2019 to present); Brookdale Senior Living Inc. (2015 to 2017); Aviv REIT, Inc. (2013 to 2015); Real Estate Roundtable and the 2022 Executive Board Nareit; Board of Directors and is Chair of the Finance Committee of the Greater Chicago Food Depository

International Value Equity

Value

$50,001--$100,000(a)

$10,001--$50,000(a)

Over $100,000(a)

Kellye L. Walker, 1966

Director/Nominee of all T. Rowe Price Funds (210 portfolios)

Executive Vice President, Chief Legal Officer, and Corporate Secretary, Eastman Chemical Company (April 2020 to present); Executive Vice President and Chief Legal Officer, Huntington Ingalls Industries, Inc. (January 2015 to March 2020)

Lincoln Electric Company (October 2020 to present)

Dividend Growth

Emerging Markets Bond

Equity Index 500

Floating Rate

Global Stock

Inflation Protected Bond

Mid-Cap Growth

Overseas Stock

Small-Cap Value

Total Return

Over $100,000

$10,001--$50,000

$50,001--$100,000

$10,001--$50,000

$50,001--$100,000

$10,001--$50,000

$10,001--$50,000

$50,001--$100,000

$10,001--$50,000

$10,001--$50,000

Over $100,000

(a) Holdings information for Mr. Parrell is as of February 28, 2023.

17

    

Interested Directors/Nominees

 

Name, Year of Birth, Position on Fund Board, and Principal Occupations and Other Directorships of Public Companies

Dollar Range of Fund Shares Beneficially Owned, Directly or Indirectly, as of 12/31/2022

Total Dollar Range of Shares Owned, Directly or Indirectly, in All Funds as of 12/31/2022

David Oestreicher, 1967

Director of all T. Rowe Price Funds (210 portfolios)

Principal Executive Officer and Executive Vice President, all T. Rowe Price Funds

Director, Vice President, and Secretary, T. Rowe Price, T. Rowe Price Investment Services, Inc., T. Rowe Price Retirement Plan Services, Inc., and T. Rowe Price Services, Inc.; Director and Secretary, Price Investment Management; Vice President and Secretary, Price International; Vice President, Price Hong Kong, Price Japan, and Price Singapore; General Counsel, Vice President, and Secretary, T. Rowe Price Group, Inc.; Chair of the Board, Chief Executive Officer, President, and Secretary, T. Rowe Price Trust Company

None

Blue Chip Growth

Equity Income

Government Money

High Yield

Mid-Cap Growth

Mid-Cap Value

New Income

Retirement 2020

Retirement 2025

Small-Cap Stock

Spectrum Income

U.S. Treasury Money

$50,001--$100,000

$50,001--$100,000

$50,001--$100,000

$10,001--$50,000

$10,001-$50,000

$10,001--$50,000

$50,001--$100,000

Over $100,000

$10,001--$50,000

$10,001--$50,000

$1--$10,000

Over $100,000

Over $100,000

Eric L. Veiel, 1972

Director/Nominee of all T. Rowe Price Funds (210 portfolios)

Director and Vice President, T. Rowe Price; Vice President, T. Rowe Price Group, Inc. and T. Rowe Price Trust Company

Vice President, Global Funds

None

All-Cap Opportunities

Dividend Growth

Floating Rate Fund

Inflation Protected Bond

Mid-Cap Growth

U.S. Treasury Money

Over $100,000

Over $100,000

Over $100,000

Over $100,000

$50,001--$100,000

Over $100,000

Over $100,000

18

The following table entitled “Term of T. Rowe Price Funds Directorship” shows the year from which each current director has served on each Fund’s Board (or that of the corporation of which the Fund is a part).

Term of T. Rowe Price Funds Directorship

        

Corporation

Bazemore

Duncan

Gerrard

McBride

Oestreicher

Veiel

Walker

All-Cap Opportunities Fund

2018

2013

2012

2013

2018

2022

2021

Balanced Fund

2018

2013

2012

2013

2018

2022

2021

Blue Chip Growth Fund

2018

2013

2012

2013

2018

2022

2021

Capital Appreciation Fund

2018

2013

2012

2013

2018

2022

2021

Communications & Technology Fund

2018

2013

2012

2013

2018

2022

2021

Corporate Income Fund

2018

2013

2013

2013

2018

2022

2021

Credit Opportunities Fund

2018

2014

2014

2014

2018

2022

2021

Diversified Mid-Cap Growth Fund

2018

2013

2012

2013

2018

2022

2021

Dividend Growth Fund

2018

2013

2012

2013

2018

2022

2021

Equity Funds

2018

2013

2012

2013

2018

2022

2021

Equity Income Fund

2018

2013

2012

2013

2018

2022

2021

Equity Series

2018

2013

2012

2013

2018

2022

2021

Exchange-Traded Funds

2019

2019

2019

2019

2019

2022

2021

Financial Services Fund

2018

2013

2012

2013

2018

2022

2021

Fixed Income Series

2018

2013

2013

2013

2018

2022

2021

Floating Rate Fund

2018

2013

2013

2013

2018

2022

2021

Global Allocation Fund

2018

2013

2013

2013

2018

2022

2021

Global Funds

2018

2013

2012

2013

2018

2022

2021

Global Multi-Sector Bond Fund

2018

2013

2013

2013

2018

2022

2021

Global Real Estate Fund

2018

2013

2012

2013

2018

2022

2021

Global Technology Fund

2018

2013

2012

2013

2018

2022

2021

GNMA Fund

2018

2013

2013

2013

2018

2022

2021

Government Money Fund

2018

2013

2013

2013

2018

2022

2021

19

        

Corporation

Bazemore

Duncan

Gerrard

McBride

Oestreicher

Veiel

Walker

Growth Stock Fund

2018

2013

2012

2013

2018

2022

2021

Health Sciences Fund

2018

2013

2012

2013

2018

2022

2021

High Yield Fund

2018

2013

2013

2013

2018

2022

2021

Index Trust

2018

2013

2012

2013

2018

2022

2021

Inflation Protected Bond Fund

2018

2013

2013

2013

2018

2022

2021

Institutional Income Funds

2018

2013

2013

2013

2018

2022

2021

Integrated Equity Funds

2018

2013

2012

2013

2018

2022

2021

Intermediate Tax-Free High Yield Fund

2018

2014

2014

2014

2018

2022

2021

International Funds

2018

2013

2012

2013

2018

2022

2021

International Index Fund

2018

2013

2012

2013

2018

2022

2021

International Series

2018

2013

2012

2013

2018

2022

2021

Limited Duration Inflation Focused Bond Fund

2018

2013

2013

2013

2018

2022

2021

Mid-Cap Growth Fund

2018

2013

2012

2013

2018

2022

2021

Mid-Cap Value Fund

2018

2013

2012

2013

2018

2022

2021

Multi-Sector Account Portfolios

2018

2013

2013

2013

2018

2022

2021

Multi-Strategy Total Return Fund

2018

2017

2017

2017

2018

2022

2021

New Era Fund

2018

2013

2012

2013

2018

2022

2021

New Horizons Fund

2018

2013

2012

2013

2018

2022

2021

New Income Fund

2018

2013

2013

2013

2018

2022

2021

QM U.S. Bond Index Fund

2018

2013

2013

2013

2018

2022

2021

Real Assets Fund

2018

2013

2012

2013

2018

2022

2021

Real Estate Fund

2018

2013

2012

2013

2018

2022

2021

Reserve Investment Funds

2018

2013

2013

2013

2018

2022

2021

Retirement Funds

2018

2013

2012

2013

2018

2022

2021

Science & Technology Fund

2018

2013

2012

2013

2018

2022

2021

Short-Term Bond Fund

2018

2013

2013

2013

2018

2022

2021

Small-Cap Stock Fund

2018

2013

2012

2013

2018

2022

2021

20

        

Corporation

Bazemore

Duncan

Gerrard

McBride

Oestreicher

Veiel

Walker

Small-Cap Value Fund

2018

2013

2012

2013

2018

2022

2021

Spectrum Funds

2018

2013

2012

2013

2018

2022

2021

Spectrum Funds II

2018

2013

2012

2013

2018

2022

2021

State Tax-Free Funds

2018

2013

2013

2013

2018

2022

2021

Summit Income Funds

2018

2013

2013

2013

2018

2022

2021

Summit Municipal Funds

2018

2013

2013

2013

2018

2022

2021

Tax-Efficient Funds

2018

2013

2012

2013

2018

2022

2021

Tax-Exempt Money Fund

2018

2013

2013

2013

2018

2022

2021

Tax-Free High Yield Fund

2018

2013

2013

2013

2018

2022

2021

Tax-Free Income Fund

2018

2013

2013

2013

2018

2022

2021

Tax-Free Short-Intermediate Fund

2018

2013

2013

2013

2018

2022

2021

Total Return Fund

2018

2016

2016

2016

2018

2022

2021

U.S. Equity Research Fund

2018

2013

2012

2013

2018

2022

2021

U.S. Large-Cap Core Fund

2018

2013

2012

2013

2018

2022

2021

U.S. Treasury Funds

2018

2013

2013

2013

2018

2022

2021

Value Fund

2018

2013

2012

2013

2018

2022

2021

21

What are the directors paid for their services to the Funds?

Messrs. Oestreicher and Veiel are considered “interested persons” of the Funds because they are employed by, and serve as officers of, T. Rowe Price and/or its affiliates. The officers of the Funds and interested directors do not receive any compensation or benefits from the Funds for their service.

Each independent director and Advisory Board member is paid $375,000 annually for his or her service on the Boards or Advisory Board, as applicable. The chair of the Boards, an independent director, receives an additional $165,000 annually for serving in this capacity. An independent director serving on the Joint Audit Committee receives an additional $30,000 annually for his or her service and the chair of the Joint Audit Committee receives an additional $35,000 for his or her service. An independent director serving as a member of a Special Committee of the Independent Directors receives an additional $1,500 per meeting of the Special Committee (currently, no Special Committees have been assigned by the Boards). All of these fees are allocated to each Fund on a pro-rata basis based on each Fund’s net assets relative to the other Funds.

The following table entitled “Compensation” shows the accrued amounts paid by each Fund, and the total compensation that was paid from all Funds to all the independent directors for the 2022 calendar year. The fees are allocated to each Fund on a pro rata basis based on each Fund’s net assets relative to the other Funds. The independent directors of the Funds do not receive any pension or retirement benefits from the Funds or T. Rowe Price.

Compensation

      

Fund

Aggregate Compensation From Fund

Bazemore

Duncan

Gerrard

McBride

Walker

Africa & Middle East Fund

$74

$63

$96

$68

$63

All-Cap Opportunities Fund

3,745

3,191

4,851

3,427

3,191

All-Cap Opportunities Portfolio

184

157

238

168

157

Asia Opportunities Fund

82

70

106

75

70

Balanced Fund

2,176

1,855

2,819

1,991

1,855

Blue Chip Growth ETF (a)

—

—

—

—

—

Blue Chip Growth Fund

34,533

29,435

44,760

31,555

29,435

Blue Chip Growth Portfolio

913

778

1,184

835

778

California Tax-Free Bond Fund

309

263

400

282

263

Capital Appreciation Fund

23,332

19,885

30,221

21,355

19,885

Cash Reserves Fund

1,930

1,644

2,499

1,768

1,644

China Evolution Equity Fund

31

27

40

29

27

Communications & Technology Fund

3,862

3,292

5,006

3,529

3,292

Corporate Income Fund

295

251

382

270

251

Credit Opportunities Fund

44

37

57

40

37

Diversified Mid-Cap Growth Fund

926

790

1,200

847

790

Dividend Growth ETF (a)

—

—

—

—

—

Dividend Growth Fund

9,706

8,272

12,573

8,884

8,272

Dynamic Credit Fund

18

15

23

16

15

Dynamic Global Bond Fund

2,229

1,900

2,887

2,042

1,900

Emerging Europe Fund

26

22

34

24

22

Emerging Markets Bond Fund

1,943

1,656

2,517

1,777

1,656

Emerging Markets Corporate Bond Fund

316

269

409

289

269

22

      

Fund

Aggregate Compensation From Fund

Bazemore

Duncan

Gerrard

McBride

Walker

Emerging Markets Corporate Multi-Sector Account Portfolio (a)

—

—

—

—

—

Emerging Markets Discovery Stock Fund

1,945

1,657

2,517

1,781

1,657

Emerging Markets Local Currency Bond Fund

182

155

236

167

155

Emerging Markets Local Multi-Sector Account Portfolio (a)

—

—

—

—

—

Emerging Markets Stock Fund

4,027

3,432

5,216

3,682

3,432

Equity Income ETF (a)

—

—

—

—

—

Equity Income Fund

8,663

7,383

11,218

7,930

7,383

Equity Income Portfolio

354

302

459

324

302

Equity Index 500 Fund

12,741

10,859

16,508

11,651

10,859

Equity Index 500 Portfolio

12

10

16

11

10

European Stock Fund

483

412

626

441

412

Extended Equity Market Index Fund

469

400

608

429

400

Financial Services Fund

856

730

1,108

784

730

Floating Rate ETF (a)

—

—

—

—

—

Floating Rate Fund

2,274

1,938

2,942

2,084

1,938

Floating Rate Multi-Sector Account Portfolio (a)

—

—

—

—

—

Georgia Tax-Free Bond Fund

212

180

274

194

180

Global Allocation Fund

508

433

658

465

433

Global Consumer Fund

34

29

43

31

29

Global Growth Stock Fund

563

480

730

515

480

Global High Income Bond Fund

135

115

175

124

115

Global Impact Equity Fund

8

7

11

8

7

Global Industrials Fund

87

74

113

80

74

Global Multi-Sector Bond Fund

751

640

972

687

640

Global Real Estate Fund

49

42

63

45

42

Global Stock Fund

2,774

2,365

3,595

2,536

2,365

Global Technology Fund

2,359

2,011

3,059

2,152

2,011

Global Value Equity Fund

18

15

23

16

15

GNMA Fund

479

408

620

438

408

Government Money Fund

4,819

4,108

6,246

4,410

4,108

Government Money Portfolio

9,181

7,823

11,882

8,402

7,823

Government Reserve Fund

508

433

658

465

433

Growth Stock ETF (a)

—

—

—

—

—

Growth Stock Fund

25,701

21,907

36,293

23,065

21,907

Health Sciences Fund

7,864

6,703

10,190

7,196

6,703

Health Sciences Portfolio

355

302

459

324

302

High Yield Fund

3,530

3,009

4,573

3,230

3,009

High Yield Multi-Sector Account Portfolio (a)

—

—

—

—

—

Inflation Protected Bond Fund

353

301

457

323

301

Institutional Emerging Markets Bond Fund

192

164

228

145

164

Institutional Emerging Markets Equity Fund

615

524

796

561

524

Institutional Floating Rate Fund

3,012

2,566

3,898

2,758

2,566

Institutional High Yield Fund

834

711

1,080

763

711

Institutional International Disciplined Equity Fund

148

126

191

135

126

23

      

Fund

Aggregate Compensation From Fund

Bazemore

Duncan

Gerrard

McBride

Walker

Institutional Large-Cap Core Growth Fund

2,171

1,850

2,813

1,984

1,850

Institutional Long Duration Credit Fund

13

11

17

12

11

Institutional Mid-Cap Equity Growth Fund

2,622

2,235

3,399

2,397

2,235

Institutional Small-Cap Stock Fund

2,395

2,042

3,103

2,192

2,042

Integrated Global Equity Fund

11

10

15

10

10

Integrated U.S. Large-Cap Value Equity Fund

19

17

25

18

17

Integrated U.S. Small-Cap Growth Equity Fund

3,602

3,070

4,667

3,294

3,070

Integrated U.S. Small-Mid Cap Core Equity Fund

138

117

178

126

117

Intermediate Tax-Free High Yield Fund

31

27

41

29

27

International Bond Fund

493

420

639

451

420

International Bond Fund (USD Hedged)

2,690

2,293

3,484

2,462

2,293

International Disciplined Equity Fund

149

127

193

136

127

International Discovery Fund

3,605

3,072

4,671

3,294

3,072

International Equity Index Fund

313

267

405

286

267

International Stock Fund

6,171

5,259

7,993

5,646

5,259

International Stock Portfolio

115

98

149

105

98

International Value Equity Fund

5,361

4,568

6,942

4,904

4,568

Investment-Grade Corporate Multi-Sector Account Portfolio (a)

—

—

—

—

—

Japan Fund

280

239

363

256

239

Latin America Fund

191

163

248

175

163

Large-Cap Growth Fund

8,671

7,391

11,238

7,925

7,391

Large-Cap Value Fund

1,670

1,423

2,164

1,528

1,423

Limited Duration Inflation Focused Bond Fund

4,101

3,495

5,310

3,752

3,495

Limited-Term Bond Portfolio

86

74

112

79

74

Maryland Short-Term Tax-Free Bond Fund

79

67

102

72

67

Maryland Tax-Free Bond Fund

1,174

1,001

1,521

1,074

1,001

Maryland Tax-Free Money Fund

48

41

62

44

41

Mid-Cap Growth Fund

14,417

12,287

18,680

13,186

12,287

Mid-Cap Growth Portfolio

247

210

320

226

210

Mid-Cap Index Fund

44

37

57

40

37

Mid-Cap Value Fund

6,653

5,670

8,616

6,090

5,670

Moderate Allocation Portfolio

85

72

110

77

72

Mortgage-Backed Securities Multi-Sector Account Portfolio (a)

—

—

—

—

—

Multi-Strategy Total Return Fund

178

151

230

163

151

New Asia Fund

1,461

1,246

1,893

1,336

1,246

New Era Fund

1,520

1,295

1,967

1,392

1,295

New Horizons Fund

12,994

11,076

16,840

11,877

11,076

New Income Fund

8,360

7,125

10,829

7,647

7,125

New Jersey Tax-Free Bond Fund

197

168

256

181

168

New York Tax-Free Bond Fund

222

189

288

203

189

Overseas Stock Fund

9,586

8,169

12,415

8,771

8,169

QM U.S. Bond Index ETF (a)

—

—

—

—

—

24

      

Fund

Aggregate Compensation From Fund

Bazemore

Duncan

Gerrard

McBride

Walker

QM U.S. Bond Index Fund

619

527

801

566

527

Real Assets Fund

2,764

2,355

3,579

2,533

2,355

Real Estate Fund

704

600

912

644

600

Retirement 2005 Fund

524

447

679

479

447

Retirement 2010 Fund

1,451

1,237

1,880

1,327

1,237

Retirement 2015 Fund

2,213

1,886

2,867

2,024

1,886

Retirement 2020 Fund

5,838

4,976

7,865

5,340

4,976

Retirement 2025 Fund

6,444

5,492

8,347

5,894

5,492

Retirement 2030 Fund

8,598

7,327

11,138

7,865

7,327

Retirement 2035 Fund

5,521

4,705

7,152

5,051

4,705

Retirement 2040 Fund

6,202

5,286

8,035

5,674

5,286

Retirement 2045 Fund

3,685

3,140

4,773

3,371

3,140

Retirement 2050 Fund

3,231

2,754

4,185

2,956

2,754

Retirement 2055 Fund

1,881

1,603

2,436

1,721

1,603

Retirement 2060 Fund

673

573

871

616

573

Retirement 2065 Fund

42

36

54

39

36

Retirement Balanced Fund

910

775

1,178

832

775

Retirement Blend 2005 Fund

2

2

2

2

2

Retirement Blend 2010 Fund

2

2

3

2

2

Retirement Blend 2015 Fund

4

3

5

4

3

Retirement Blend 2020 Fund

13

11

17

12

11

Retirement Blend 2025 Fund

21

18

28

20

18

Retirement Blend 2030 Fund

18

16

24

17

16

Retirement Blend 2035 Fund

20

17

26

18

17

Retirement Blend 2040 Fund

17

15

22

16

15

Retirement Blend 2045 Fund

13

11

17

12

11

Retirement Blend 2050 Fund

9

7

11

8

7

Retirement Blend 2055 Fund

5

4

6

4

4

Retirement Blend 2060 Fund

2

1

2

2

1

Retirement Blend 2065 Fund

1

1

1

1

1

Retirement I 2005 Fund—I Class

148

126

192

136

126

Retirement I 2010 Fund—I Class

444

379

575

407

379

Retirement I 2015 Fund—I Class

785

669

1,016

718

669

Retirement I 2020 Fund—I Class

2,627

2,239

3,402

2,404

2,239

Retirement I 2025 Fund—I Class

3,667

3,125

4,749

3,356

3,125

Retirement I 2030 Fund—I Class

4,910

4,184

6,359

4,494

4,184

Retirement I 2035 Fund—I Class

3,595

3,064

4,657

3,291

3,064

Retirement I 2040 Fund—I Class

3,934

3,352

5,095

3,600

3,352

Retirement I 2045 Fund—I Class

2,783

2,372

3,605

2,548

2,372

Retirement I 2050 Fund—I Class

2,645

2,255

3,427

2,422

2,255

Retirement I 2055 Fund—I Class

1,510

1,287

1,956

1,382

1,287

Retirement I 2060 Fund—I Class

673

574

872

617

574

Retirement I 2065 Fund—I Class

36

31

47

33

31

Retirement Balanced I Fund—I Class

248

211

321

227

211

Retirement Income 2020 Fund

62

53

81

57

53

Science & Technology Fund

3,068

2,615

3,975

2,803

2,615

Short Duration Income Fund

23

20

30

21

20

Short-Term Fund

0

0

0

0

0

Short-Term Bond Fund

2,465

2,100

3,192

2,256

2,100

Short-Term Government Fund

—

—

—

—

—

Small-Cap Index Fund

45

38

58

41

38

Small-Cap Stock Fund

4,521

3,853

5,857

4,136

3,853

Small-Cap Value Fund

5,657

4,821

7,328

5176,

4,821

25

      

Fund

Aggregate Compensation From Fund

Bazemore

Duncan

Gerrard

McBride

Walker

Spectrum Conservative Allocation Fund

1,103

940

1,429

1,009

940

Spectrum Diversified Equity Fund

1,817

1,548

2,354

1,662

1,548

Spectrum Income Fund

3,058

2,607

3,961

2,799

2,607

Spectrum International Equity Fund

801

683

1,037

732

683

Spectrum Moderate Allocation Fund

1,133

966

1,468

1,037

966

Spectrum Moderate Growth Allocation Fund

1,601

1,364

2,074

1,464

1,364

Summit Municipal Income Fund

1,148

978

1,487

1,050

978

Summit Municipal Intermediate Fund

2,896

2,468

3,751

2,649

2,468

Target 2005 Fund

27

23

35

25

23

Target 2010 Fund

36

31

47

33

31

Target 2015 Fund

89

76

115

81

76

Target 2020 Fund

164

140

212

150

140

Target 2025 Fund

239

204

310

219

204

Target 2030 Fund

261

222

338

239

222

Target 2035 Fund

204

174

264

186

174

Target 2040 Fund

176

150

228

161

150

Target 2045 Fund

156

133

202

143

133

Target 2050 Fund

119

102

154

109

102

Target 2055 Fund

83

71

108

76

71

Target 2060 Fund

40

34

52

37

34

Target 2065 Fund

4

4

6

4

4

Tax-Efficient Equity Fund

367

312

475

335

312

Tax-Exempt Money Fund

300

256

389

275

256

Tax-Free High Yield Fund

2,242

1,911

2,905

2,051

1,911

Tax-Free Income Fund

1,145

976

1,483

1,047

976

Tax-Free Short-Intermediate Fund

949

809

1,229

868

809

Total Equity Market Index Fund

1,001

853

1,298

915

853

Total Return ETF (a)

—

—

—

—

—

Total Return Fund

304

259

393

278

259

Transition Fund

—

—

—

—

—

Treasury Reserve Fund

1,502

1,280

1,945

1,376

1,280

U.S. Equity Research ETF (a)

—

—

—

—

—

U.S. Equity Research Fund

5,382

4,586

6,967

4,934

4,586

U.S. High Yield ETF (a)

—

—

—

—

—

U.S. High Yield Fund

240

204

311

219

204

U.S. Large-Cap Core Fund

3,240

2,762

4,198

2,968

2,762

U.S. Limited Duration TIPS Index Fund

754

643

976

690

643

U.S. Treasury Intermediate Index Fund

394

335

510

360

335

U.S. Treasury Long-Term Index Fund

1,975

1,683

2,558

1,810

1,683

U.S. Treasury Money Fund

5,916

5,042

7,661

5,421

5,042

Ultra Short-Term Bond ETF (a)

—

—

—

—

—

Ultra Short-Term Bond Fund

1,722

1,467

2,230

1,574

1,467

Value Fund

15,445

13,163

20,007

14,130

13,163

Virginia Tax-Free Bond Fund

701

598

909

642

598

(a) Directors’ fees were paid by T. Rowe Price on behalf of the fund.

26

FURTHER INFORMATION ABOUT VOTING AND THE SHAREHOLDER MEETING

Who is eligible to vote?

Shareholders of record of each Fund at the close of business on Thursday, April 27, 2023, (the “record date”) are entitled to one vote for each full share and a proportionate vote for each fractional share of the Fund they held on April 27, 2023.

The Notice of Joint Meeting of Shareholders, the proxy card, and this Proxy Statement were first mailed to shareholders of record on or about Wednesday, May 10, 2023.

Under Maryland law, shares owned by two or more persons (whether as joint tenants, co-fiduciaries, or otherwise) will be voted as follows, unless a written instrument or court order providing to the contrary has been filed with the Fund: (1) if only one votes, that vote will bind all; (2) if more than one votes, the vote of the majority will bind all; and (3) if more than one votes and the vote is evenly divided, the vote will be cast proportionately.

What is the required quorum?

To hold a shareholder meeting for a T. Rowe Price Fund, one-third of a Fund’s shares entitled to be voted must have been received by proxy or be present at the virtual meeting. In the event that a quorum is present but sufficient votes in favor of a proposal are not received by the Shareholder Meeting date, the persons named as proxies may propose one or more adjournments to permit further solicitation of proxies. Any such adjournment will require the affirmative vote of a majority of the shares present in person or by proxy at the Shareholder Meeting to be adjourned. Shares withheld will be voted against the proposed adjournment. The persons named as proxies will vote in favor of such adjournment if they determine that additional solicitation is reasonable and in the interests of a Fund’s shareholders.

What vote is required to elect the directors?

Four directors have been nominated for shareholder approval for each Board. The proposal requires the affirmative vote of a plurality of the shares present and entitled to vote at the meeting to elect the Board members of that Fund. All shareholders of each corporation, regardless of whether the corporation consists of one or multiple series and/or classes vote together. Thus, if a quorum is present at the Shareholder Meeting for each corporation, the proposal to elect the director nominees will be approved with respect to those director nominees who receive the largest number of votes, with no majority approval requirement.

How are the votes counted?

The individuals named as proxies (or their substitutes) on the enclosed proxy card (or cards, if you have multiple Funds or accounts) will vote according to your directions if your proxy is received properly executed, or in accordance with your instructions given when voting by telephone or online. You may direct the proxy holders to vote your shares with respect to each director-nominee by checking the appropriate box “FOR,” or instruct them not to vote those shares for each director-nominee by checking the “WITHHOLD” box. Alternatively, you may simply sign, date, and return your proxy

27

card(s) with no specific instructions as to the proposals. If you properly execute your proxy card, or submit your vote via the telephone or online, and give no voting instructions with respect to the election of directors, your shares will be voted FOR ALL NOMINEES.

Abstentions and “broker nonvotes” (as described below) are counted for purposes of determining whether a quorum is present for purposes of convening the Shareholder Meeting. Broker nonvotes are shares held by a broker or nominee for which an executed proxy is received by the Fund but are not voted as to one or more proposals because instructions have not been received from the beneficial owners or persons entitled to vote, and the broker or nominee does not have discretionary voting power. Since the proposal must be approved by a plurality vote, abstentions and broker nonvotes will have no effect on the result of the vote.

For shares of a Fund held in an individual retirement account (“IRA”) or Coverdell education savings account (“ESA”) that is sponsored by T. Rowe Price Trust Company and for which T. Rowe Price Trust Company serves as custodian, T. Rowe Price Trust Company shall, without written direction from the investor, vote shares for which no voting instructions are timely received in the same proportion as shares for which voting instructions from other shareholders are timely received.

For shares of the Funds that are series of T. Rowe Price Equity Series, Inc., T. Rowe Price Fixed Income Series, Inc., and T. Rowe Price International Series, Inc. (collectively, the “Variable Insurance Portfolios”) held by insurance company separate accounts for which the insurance company has not received timely voting instructions, as well as shares the insurance company owns, those shares shall be voted in the same proportion as shares for which voting instructions from contract holders are timely received.

Shares of the T. Rowe Price Funds that are held by other T. Rowe Price Funds will be voted in the same proportion as shares for which voting instructions from other shareholders are timely received.

Can additional matters be acted upon at the Shareholder Meeting?

T. Rowe Price knows of no other business that may come before the Shareholder Meeting. However, if any additional matters are properly presented at the Shareholder Meeting, it is intended that the persons named in the enclosed proxy, or their substitutes, will vote on such matters in accordance with their judgment.

Are the T. Rowe Price Funds required to hold annual meetings?

Under Maryland law, each T. Rowe Price Fund is not required to hold an annual meeting of shareholders. The Boards have determined that the Funds will take advantage of this Maryland law provision to avoid the significant expenses associated with holding an annual meeting of shareholders, including legal, accounting, printing, and mailing fees incurred in preparing proxy materials. Accordingly, no annual meeting of shareholders shall be held in any year in which a meeting is not otherwise required to be held under the 1940 Act or Maryland law, unless the Boards determine otherwise. However, special meetings of shareholders will be held in accordance with applicable law or when otherwise determined by the Boards.

28

If a shareholder wishes to present a proposal to be included in a proxy statement for a subsequent shareholder meeting, the proposal must be submitted in writing and received by Fran M. Pollack-Matz, Secretary of the T. Rowe Price Funds, 100 East Pratt Street, Baltimore, Maryland 21202, within a reasonable time before a Fund begins to print and mail its proxy materials for the meeting. The timely submission of a proposal does not guarantee its consideration at the meeting.

How are proxies delivered and votes recorded?

This Proxy Statement (or a notice indicating that the Proxy Statement is available) includes instructions on how to vote your shares online, by telephone, by mailing the proxy card, or electronically at the virtual Shareholder Meeting. T. Rowe Price has retained AST to tabulate the votes. The telephone and online voting procedures are reasonably designed to authenticate shareholders’ identities, to allow shareholders to authorize the voting of their shares in accordance with their instructions, and to confirm that their instructions have been properly recorded. AST is also responsible for assisting T. Rowe Price in determining whether quorum is achieved for a particular Fund and whether sufficient votes are received to approve a proposal.

Some shareholders will not automatically receive a copy of these proxy materials in the mail but will instead receive a notice that informs them of how to access all the proxy materials on a publicly available website (commonly referred to as “notice and access”). Shareholders who receive such a notice can follow the instructions on the notice to access the proxy materials and vote their shares. They may also request a paper or email copy of the proxy materials at no charge.

The SEC has adopted rules that permit investment companies such as the T. Rowe Price Funds and intermediaries to satisfy the delivery requirements for proxy statements with respect to two or more shareholders sharing the same address by delivering a single proxy statement addressed to those shareholders. This process, which is commonly referred to as “householding,” could be convenient for certain shareholders and may result in cost savings for the Funds and their shareholders. Unless a Fund has received contrary instructions, only one copy of these proxy materials will be mailed to two or more shareholders who share an address. If you invest directly in the T. Rowe Price Funds and need additional copies, do not want your mailings to be “householded,” or would like to request a single copy if multiple copies are being received, please call 1-800-225-5132 or write us at P.O. Box 17630, Baltimore, Maryland 21297-1630. If you own your Funds through an intermediary, please contact your intermediary.

How can proxies be solicited?

Directors and officers of a Fund, or employees of T. Rowe Price (and its affiliates) may solicit proxies by mail, in person, electronically (assuming that applicable requirements are met) or by telephone. If votes are solicited by telephone, shareholders will be called at the telephone number T. Rowe Price (or the applicable intermediary) has in its records for their accounts, and would be asked for certain identifying information, such as their address. The shareholders will then be given an opportunity to authorize proxies to vote their shares at the Shareholder Meeting in accordance with their instructions. To ensure that shareholders’ instructions have been recorded correctly,

29

shareholders will be mailed a confirmation of their instructions and will also be provided with a special toll-free number to call in case the information contained in the confirmation is incorrect.

The Funds will use the solicitation services of AST to assist them in soliciting proxies and managing the Funds’ overall proxy campaign. AST is also responsible for assisting T. Rowe Price in determining whether quorum is achieved and whether sufficient votes are received to approve a proposal.

Who pays for the costs involved with the proxy?

For managing the T. Rowe Price Funds’ overall proxy campaign, AST will receive a fee plus reimbursement for out-of-pocket expenses. AST will also receive fees in connection with the printing, preparing, assembling, mailing, and transmitting of proxy materials on behalf of the T. Rowe Price Funds, tabulating those votes that are received, hosting the virtual Shareholder Meeting, and any solicitation of additional votes. The fees received by AST will vary based on the level of additional solicitation necessary to achieve quorum and shareholder approval. In addition to the fees paid to AST, securities brokers, custodians, fiduciaries, and other persons holding shares as nominees will be reimbursed, upon request, for their reasonable expenses in sending solicitation materials to the principals of the accounts. The fees for these services, along with printing, postage and solicitation services are estimated to be approximately $12.7 million. All costs of the Shareholder Meeting and the proxy campaign, including the use of AST and the reimbursement to brokers for solicitation and the preparation of proxy materials, will be paid for by each Fund in proportion to its relative asset size at the time of the Shareholder Meeting. For any Funds subject to contractual expense limitations or all-inclusive management fee rates, the proxy expenses over and above any contractually stated fee rate will be borne by T. Rowe Price.

Can I change my vote after I mail my proxy?

Any vote or voting instruction, including those given online or by telephone, may be revoked at any time before the votes have been submitted for tabulation at the Shareholder Meeting by filing a written notice of revocation with a Fund, by delivering a properly executed proxy bearing a later date, or by attending the Shareholder Meeting and voting electronically at the Shareholder Meeting.

GENERAL INFORMATION ABOUT THE FUNDS

Who are the Funds’ investment adviser, principal underwriter, and other service providers?

T. Rowe Price serves as investment adviser to all T. Rowe Price Funds and provides the Funds with investment management services. T. Rowe Price is a wholly owned subsidiary of T. Rowe Price Group, Inc. While T. Rowe Price is responsible for supervising and overseeing the Funds’ investment programs, T. Rowe Price has entered into investment subadvisory agreements with T. Rowe Price Hong Kong Limited (“Price Hong Kong”), T. Rowe Price International Ltd (“Price International”), T. Rowe Price Investment Management, Inc. (“Price Investment Management”), T. Rowe Price Japan, Inc. (“Price Japan”), and/or T. Rowe Price Singapore (“Price Singapore”) on behalf of certain T. Rowe Price Funds. Price Hong Kong, Price Japan,

30

and Price Singapore are wholly owned subsidiaries of Price International. Price International and Price Investment Management are wholly owned subsidiaries of T. Rowe Price.

Each Fund (except the ETFs) has fund accounting agreements with T. Rowe Price and The Bank of New York Mellon and the ETFs have a fund accounting agreement with State Street Bank and Trust Company and T. Rowe Price. Each Fund also has an underwriting agreement with T. Rowe Price Investment Services, Inc. (“Investment Services”) and a transfer agency agreement with T. Rowe Price Services, Inc. (“Price Services”). The taxable Funds also have a transfer agency agreement with T. Rowe Price Retirement Plan Services, Inc. (“RPS”). Investment Services, Price Services, and RPS are wholly owned subsidiaries of T. Rowe Price.

T. Rowe Price Trust Company serves as trustee and/or custodian for certain IRAs, ESAs, and small business retirement plans that utilize the Funds as investment options, and is a wholly owned subsidiary of T. Rowe Price.

The address for T. Rowe Price, Investment Services, and T. Rowe Price Trust Company is 100 East Pratt Street, Baltimore, Maryland 21202. The address for Price Services and RPS is 4515 Painters Mill Road, Owings Mills, Maryland 21117. The address for Price Hong Kong is 6/F Charter House 8 Connaught Road, Central, Hong Kong. The address for Price International is 60 Queen Victoria Street, London, United Kingdom EC4N 4TZ. The address for Price Investment Management is 100 East Pratt Street, Baltimore, Maryland 21202. The address for Price Japan is 9-2 Marunouchi 1-Chome, Chiyoda-Ku, Tokyo, Japan 100-6610. The address for Price Singapore is 501 Orchard Road, #10-02 Wheelock Place, Singapore 238880. The address for The Bank of New York Mellon is 225 Liberty Street, New York, New York 10286. The address for State Street Bank and Trust Company is One Lincoln Street, Boston, Massachusetts 02111.

The Funds have a policy to not pay any commissions to affiliated broker-dealers.

As of March 31, 2023, none of the independent directors, independent director nominees or their immediate family members owned beneficially or of record any securities of T. Rowe Price (the Funds’ investment adviser), Investment Services (the Funds’ distributor), or any person controlling, controlled by, or under common control with T. Rowe Price or Investment Services.

Who are the Funds’ executive officers?

Armando (Dino) Capasso serves as Chief Compliance Officer for the T. Rowe Price Funds. In addition, Mr. Capasso is the Chief Compliance Officer and a Vice President of T. Rowe Price and Price Investment Management, as well as a Vice President of T. Rowe Price Group, Inc. Alan S. Dupski serves as Treasurer for the T. Rowe Price Funds. Mr. Dupski is a Vice President of T. Rowe Price, Price Investment Management, T. Rowe Price Trust Company, and T. Rowe Price Group, Inc. Fran M. Pollack-Matz serves as Secretary for the T. Rowe Price Funds. Ms. Pollack-Matz is a Vice President of T. Rowe Price, T. Rowe Price Group, Inc., Investment Services, and Price Services.

The following table, entitled “Executive Officers of the Funds,” lists the other executive officers of the Funds covered by this Proxy Statement and their positions with each

31

Fund, T. Rowe Price, and T. Rowe Price Group, Inc., as of February 1, 2023. Each executive officer has been an officer of T. Rowe Price, T. Rowe Price Group, Inc., and the Funds for at least the last five years unless otherwise indicated.

    

Executive Officers of the Funds

Officer, Year of Birth

Position With Fund

Position With T. Rowe Price

Position With T. Rowe Price Group, Inc.

All-Cap Opportunities Fund

   

Justin P. White, 1981

President

Vice President

Vice President

Balanced Fund

   

Charles M. Shriver, 1967

Toby M. Thompson, 1971

Co-President

Co-President

Vice President

Vice President

Vice President

Vice President

Blue Chip Growth Fund

   

Paul Greene II, 1978

President

Vice President

Vice President

Capital Appreciation Fund

   

David R. Giroux, 1975

President

—

Vice President

Communications & Technology Fund

   

James Stillwagon, 1982

President

Vice President

Vice President

Corporate Income Fund

   

Steven E. Boothe, 1977

Lauren T. Wagandt, 1984

Co-President

Co-President

Vice President

Vice President

Vice President

Vice President

Credit Opportunities Fund

   

Rodney M. Rayburn, 1970

President

Vice President

Vice President

Diversified Mid-Cap Growth Fund

   

Donald J. Peters, 1959

President

Vice President

Vice President

Dividend Growth Fund

   

Thomas J. Huber, 1966

President

Vice President

Vice President

Equity Funds

   

Stephon Jackson, 1962

Joshua Nelson, 1977

Francisco Alonso, 1978

Brian W.H. Berghuis, 1958

Paul Greene II, 1978

John D. Linehan, 1965

Gabriel Solomon, 1977

Taymour R. Tamaddon, 1976

Co-President

Co-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

Equity Income Fund

   

John D. Linehan, 1965

President

Vice President

Vice President

Equity Series

   

Stephon Jackson, 1962

Joshua Nelson, 1977

Ziad Bakri, 1980

Brian W.H. Berghuis, 1958

Paul Greene II, 1978

John D. Linehan, 1965

Charles M. Shriver, 1967

Neil Smith, 1972

Toby M. Thompson, 1971

Justin P. White, 1981

Co-President

Co-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

32

    

Executive Officers of the Funds

Officer, Year of Birth

Position With Fund

Position With T. Rowe Price

Position With T. Rowe Price Group, Inc.

Exchange-Traded Funds

   

Stephon Jackson, 1962

Joshua Nelson, 1977

Christopher P. Brown, 1977

David Corris, 1975

Timothy Coyne, 1967

Vincent Michael DeAugustino, 1983

Anna Alexandra Dreyer, 1981

Shawn T. Driscoll, 1975

Joseph B. Fath, 1971

David R. Giroux, 1975

Paul Greene II, 1978

Ann M. Holcomb, 1972

Thomas J. Huber, 1966

Prashant G. Jeyaganesh, 1983

Vidya Kadiyam, 1980

Robert M. Larkins, 1973

John D. Linehan, 1965

Kevin Patrick Loome, 1967 a

Jodi Love, 1977

Paul M. Massaro, 1975b

Colin McQueen, 1967

Jason Nogueira, 1974

Alexander S. Obaza, 1981

Donald J. Peters, 1959

Jason Benjamin Polun, 1974

Jordan S. Pryor, 1991

Sebastian Schrott, 1977

Gabriel Solomon, 1977

Peter Stournaras, 1973

Taymour R. Tamaddon, 1976

Co-President

Co-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

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

Vice President

Vice President

Vice President

Vice President

Vice President

ice President

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

Financial Services Fund

   

Matthew J. Snowling, 1971

President

Vice President

Vice President

Fixed Income Series

   

Michael F. Reinartz, 1973

President

Vice President

Vice President

Floating Rate Fund

   

Paul M. Massaro, 1975

President

Vice President

Vice President

Global Allocation Fund

   

Charles M. Shriver, 1967

Toby M. Thompson, 1971

Co-President

Co-President

Vice President

Vice President

Vice President

Vice President

33

    

Executive Officers of the Funds

Officer, Year of Birth

Position With Fund

Position With T. Rowe Price

Position With T. Rowe Price Group, Inc.

Global Funds

   

Justin Thomson, 1968

Malik Sarmad Asif, 1981

Oliver Douglas Martin Bell, 1969

Robert Scott Berg, 1972

Richard N. Clattenburg, 1979

David J. Eiswert, 1972

Sebastien Mallet, 1974

Raymond A. Mills, 1960

Eric C. Moffett, 1974

Samy B. Muaddi, 1984

Joshua Nelson, 1977

Jason Nogueira, 1974

Federico Santilli, 1974

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

Global Multi-Sector Bond Fund

   

Kenneth Antony Orchard, 1975

President

—

Vice President

Global Real Estate Fund

   

Jai Kapadia, 1982

President

—

Vice President

Global Technology Fund

   

Dominic Rizzo, 1993

Alan Tu, 1985

Co-President

Co-President

—

Vice President

Vice President

Vice President

GNMA Fund

   

Keir R. Joyce, 1972

President

Vice President

Vice President

Government Money Fund

   

Douglas D. Spratley, 1969

President

Vice President

Vice President

Growth Stock Fund

   

Joseph B. Fath, 1971

President

Vice President

Vice President

Health Sciences Fund

   

Ziad Bakri, 1980

President

Vice President

Vice President

High Yield Fund

   

Stephon Jackson, 1962

Andrew C. McCormick, 1960

Kevin Patrick Loome, 1967

Rodney M. Rayburn, 1970

Co-President

Co-President

Executive Vice President

Executive Vice President

Vice President

Vice President

—

Vice President

—

Vice President

Vice President

Vice President

Index Trust

   

Neil Smith, 1972

Michael K. Sewell, 1982

President

Executive Vice President

—

Vice President

Vice President

Vice President

Inflation Protected Bond Fund

   

Michael K. Sewell, 1982

President

Vice President

Vice President

Institutional Income Funds

   

Andrew C. McCormick, 1960

Robert M. Larkins, 1973

Paul M. Massaro, 1975

Rodney M. Rayburn, 1970

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

Integrated Equity Funds

   

Peter Stournaras, 1973d

David Corris, 1975e

Prashant G. Jeyaganesh, 1983

Vidya Kadiyam, 1980

Sudhir Nanda, 1959

Jordan S. Pryor, 1991

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

34

    

Executive Officers of the Funds

Officer, Year of Birth

Position With Fund

Position With T. Rowe Price

Position With T. Rowe Price Group, Inc.

Intermediate Tax-Free High Yield Fund

  

James M. Murphy, 1967

Ralph Lee Arnold, Jr., 1970

Colin T. Bando, 1987

President

Executive Vice President

Executive Vice President

Vice President

Vice President

Vice President

Vice President

Vice President

Vice President

International Funds

   

Justin Thomson, 1968

Jason Adams, 1979

Ulle Adamson, 1979

Malik Sarmad Asif, 1981

Harishankar Balkrishna, 1983

Robert Scott Berg, 1972

Archibald Ciganer Albeniz, 1976

Richard N. Clattenburg, 1979

Michael F. Connelly, 1977

Michael Della Vedova, 1969

David J. Eiswert, 1972

Benjamin Griffiths, 1977

Arif Husain, 1972

Andrew J. Keirle, 1974

Anh Thi Lu, 1968

Colin McQueen, 1967c

Raymond A. Mills, 1960

Jihong Min, 1979

Eric C. Moffett, 1979

Samy B. Muaddi, 1984

Tobias Fabian Mueller, 1980

Kenneth Antony Orchard, 1975

Oluwaseun Oyegunle, 1984

Federico Santilli, 1974

Weijie (Vivian) Si, 1983

Saurabh Sud, 1985

Siby Thomas, 1979

Verena Wachnitz, 1978

Ernest C. Yeung, 1979

Wenli Zheng, 1979

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

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

Vice President

Vice President

Vice President

Vice President

Vice President

International Index Fund

   

Neil Smith, 1972

President

—

Vice President

International Series

   

Justin Thomson, 1968

Richard N. Clattenburg, 1979

President

Executive Vice President

—

Vice President

Vice President

Vice President

Limited Duration Inflation Focused Bond Fund

  

Michael K. Sewell, 1982

President

Vice President

Vice President

Mid-Cap Growth Fund

   

Brian W.H. Berghuis, 1958

John F. Wakeman, 1962

President

Executive Vice President

—

—

Vice President

Vice President

Mid-Cap Value Fund

   

Vincent Michael DeAugustino, 1983

Heather K. McPherson, 1967

President

Executive Vice President

Vice President

Vice President

Vice President

Vice President

35

    

Executive Officers of the Funds

Officer, Year of Birth

Position With Fund

Position With T. Rowe Price

Position With T. Rowe Price Group, Inc.

Multi-Sector Account Portfolios

   

Steven E. Boothe, 1977

Michael F. Connelly, 1977

Stephen M. Finamore, 1976

Keir R. Joyce, 1972

Andrew J. Keirle, 1974

Samy B. Muaddi, 1984

Siby Thomas, 1979

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

Multi-Strategy Total Return Fund

   

Richard de los Reyes, 1975

Stefan Hubrich, 1974

Co-President

Co-President

Vice President

Vice President

Vice President

Vice President

New Era Fund

   

Shinwoo Kim, 1977

President

Vice President

Vice President

New Horizons Fund

   

Joshua K. Spencer, 1973

President

Vice President

Vice President

New Income Fund

   

Stephen L. Bartolini, 1977

President

Vice President

Vice President

QM U.S. Bond Index Fund

   

Robert M. Larkins, 1973

President

Vice President

Vice President

Real Assets Fund

   

Richard Coghlan, 1961

Christopher Faulkner-MacDonagh, 1969

Co-President

Co-President

Vice President

Vice President

Vice President

Vice President

Real Estate Fund

   

Nina P. Jones, 1980

President

Vice President

Vice President

TRP Reserve Investment Funds

   

Douglas D. Spratley, 1969

Matthew W. Novak, 1983

Bradley R. Raglin, 1982

President

Executive Vice President

Executive Vice President

Vice President

Vice President

Vice President

Vice President

Vice President

—

Retirement Funds

   

Kimberly E. DeDominicis, 1976

Andrew G. Jacobs Van Merlen, 1978

Wyatt A. Lee, 1971

Co-President

Co-President

Co-President

Vice President

Vice President

Vice President

Vice President

Vice President

Vice President

Science & Technology Fund

   

Kennard W. Allen, 1977

President

Vice President

Vice President

Short-Term Bond Fund

   

Cheryl A. Mickel, 1967

Steven M. Kohlenstein, 1987

Alexander S. Obaza, 1981

Michael F. Reinartz, 1973

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

Small-Cap Stock Fund

   

Francisco Alonso, 1978

President

—

Vice President

Small-Cap Value Fund

   

John David Wagner, 1974

President

—

Vice President

Spectrum Funds

   

Charles M. Shriver, 1967

Toby M. Thompson, 1971

Co-President

Co-President

Vice President

Vice President

Vice President

Vice President

Spectrum Funds II

   

Charles M. Shriver, 1967

Toby M. Thompson, 1971

Co-President

Co-President

Vice President

Vice President

Vice President

Vice President

36

    

Executive Officers of the Funds

Officer, Year of Birth

Position With Fund

Position With T. Rowe Price

Position With T. Rowe Price Group, Inc.

State Tax-Free Fund

   

James M. Murphy, 1967

Austin Applegate, 1974

Charles B. Hill, 1961

Konstantine B. Mallas, 1963

Douglas D. Spratley, 1969

Timothy G. Taylor, 1975

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

Summit Income Funds

   

Douglas D. Spratley, 1969

President

Vice President

Vice President

Summit Municipal Funds

   

James M. Murphy, 1967

Austin Applegate, 1974

Charles B. Hill, 1961

Konstantine B. Mallas, 1963

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

Tax-Efficient Funds

   

Donald J. Peters, 1959

President

Vice President

Vice President

Tax-Exempt Money Fund

   

Douglas D. Spratley, 1969

President

Vice President

Vice President

Tax-Free High Yield Fund

   

James M. Murphy, 1967

Ralph Lee Arnold, Jr., 1970

Colin T. Bando, 1987

President

Executive Vice President

Executive Vice President

Vice President

Vice President

Vice President

Vice President

Vice President

Vice President

Tax-Free Income Fund

   

Konstantine B. Mallas, 1963

Timothy G. Taylor, 1975

Co-President

Co-President

Vice President

Vice President

Vice President

Vice President

Tax-Free Short-Intermediate Fund

   

Charles B. Hill, 1961

President

Vice President

Vice President

Total Return Fund

   

Christopher P. Brown, 1977

Anna Alexandra Dreyer, 1981

Co-President

Co-President

Vice President

Vice President

Vice President

Vice President

U.S. Equity Research Fund

   

Ann M. Holcomb, 1972

Jason Nogueira, 1974

Jason Benjamin Polun, 1974

Co-President

Co-President

Co-President

Vice President

Vice President

Vice President

Vice President

Vice President

Vice President

U.S. Large-Cap Core Fund

   

Shawn T. Driscoll, 1975

President

Vice President

Vice President

U.S. Treasury Funds

   

Andrew C. McCormick, 1960

Michael K. Sewell, 1982

Douglas D. Spratley, 1969

President

Executive Vice President

Executive Vice President

Vice President

Vice President

Vice President

Vice President

Vice President

Vice President

Value Fund

   

Ryan S. Hedrick, 1980

President

Vice President

Vice President

a Effective October 1, 2022, Mr. Loome was appointed as Executive Vice President of the T. Rowe Price Exchange-Traded Funds, Inc.

b Effective November 1, 2022, Mr. Massaro was appointed as Executive Vice President of the T. Rowe Price Exchange-Traded Funds, Inc.

c Prior to 2019, Colin McQueen was a Senior Investment Manager at Sanlam FOUR Investments UK Limited.

d Prior to 2020, Peter Stournaras was a Chief Portfolio Strategist at JP Morgan Private Bank. Prior to 2018, he was a Private Consultant and Advisor at Pteleos Consulting.

e Prior to 2021, David Corris was Head of Disciplined Equities and Portfolio Manager at Bank of Montreal Global Asset Management.

37

As of March 31, 2023, the directors, Advisory Board members, and executive officers of the T. Rowe Price Funds, as a group, owned less than 1% of the outstanding shares of any Fund, except as shown in the following table.

  

Fund

%

China Evolution Equity

28.75

Credit Opportunities

  5.76

Dynamic Credit

  3.65

Emerging Markets Discovery Stock

  6.06

Global Impact Equity

14.31

Integrated Global Equity

  4.39

Integrated U.S. Large-Cap Value Equity

  2.24

Intermediate Tax-Free High Yield

  9.46

Maryland Short-Term Tax-Free Bond

  2.84

Maryland Tax-Free Bond

  2.28

Maryland Tax-Free Money

  6.73

Short Duration Income

  5.98

Target 2065

  4.89

U.S. Equity Research ETF

  3.71

How many outstanding shares are there of each Fund?

The following table, entitled “Outstanding Shares of Capital Stock,” sets forth the outstanding shares of capital stock of each Fund and class, as applicable, as of March 31, 2023.

Outstanding Shares of Capital Stock

  

Fund

Outstanding Shares
of Capital Stock

Africa & Middle East Fund

6,725,846.178

Africa & Middle East Fund—I Class

2,942,349.931

Africa & Middle East Fund—Z Class

793,972.945

All-Cap Opportunities Fund

88,686,812.631

All-Cap Opportunities Fund—Advisor Class

2,779,741.082

All-Cap Opportunities Fund—I Class

61,921,186.328

All-Cap Opportunities Portfolio

12,217,092.114

Asia Opportunities Fund

4,164,261.701

Asia Opportunities Fund—Advisor Class

4,690.226

Asia Opportunities Fund—I Class

3,593,161.527

Balanced Fund

102,093,005.669

Balanced Fund—I Class

74,391,255.503

Blue Chip Growth ETF

13,745,000.000

Blue Chip Growth Fund

217,872,104.905

Blue Chip Growth Fund—Advisor Class

11,696,323.015

Blue Chip Growth Fund—I Class

199,621,639.082

Blue Chip Growth Fund—R Class

6,212,101.540

Blue Chip Growth Fund—Z Class

3,043,954.257

Blue Chip Growth Portfolio

32,058,608.291

Blue Chip Growth Portfolio—II

14,878,361.765

California Tax-Free Bond Fund

33,474,145.676

California Tax-Free Bond Fund—I Class

29,765,722.564

Capital Appreciation Equity ETF

--

Capital Appreciation Fund

874,237,119.180

Capital Appreciation Fund—Advisor Class

22,066,102.225

38

  

Fund

Outstanding Shares
of Capital Stock

Capital Appreciation Fund—I Class

636,857,686.521

Cash Reserves Fund

4,496,030,041.300

China Evolution Equity Fund

2,148,156.834

China Evolution Equity Fund—I Class

3,198,795.664

Communications & Technology Fund

38,458,629.023

Communications & Technology Fund—I Class

23,613,720.818

Corporate Income Fund

18,006,215.603

Corporate Income Fund—I Class

18,652,892.248

Corporate Income Fund—Z Class

32,954,419.863

Credit Opportunities Fund

5,882,801.571

Credit Opportunities Fund—Advisor Class

11,586.097

Credit Opportunities Fund—I Class

8,418,911.971

Diversified Mid-Cap Growth Fund

24,959,360.861

Diversified Mid-Cap Growth Fund—I Class

24,418,685.609

Dividend Growth ETF

9,510,000.000

Dividend Growth Fund

174,519,614.011

Dividend Growth Fund—Advisor Class

5,639,472.000

Dividend Growth Fund—I Class

140,548,160.799

Dividend Growth Fund—Z Class

6,735,642.101

Dynamic Credit Fund

3,422,122.110

Dynamic Credit Fund—I Class

575,593.309

Dynamic Global Bond Fund

65,578,917.771

Dynamic Global Bond Fund—Advisor Class

69,960.062

Dynamic Global Bond Fund—I Class

83,823,396.418

Dynamic Global Bond Fund—Z Class

375,417,326.068

Emerging Europe Fund

10,016,433.694

Emerging Europe Fund—I Class

1,584,403.849

Emerging Europe Fund—Z Class

776,838.905

Emerging Markets Bond Fund

67,037,967.598

Emerging Markets Bond Fund—Advisor Class

12,663.796

Emerging Markets Bond Fund—I Class

52,022,984.329

Emerging Markets Bond Fund—Z Class

347,703,834.843

Emerging Markets Corporate Bond Fund

10,746,862.572

Emerging Markets Corporate Bond Fund—Advisor Class

15,709.504

Emerging Markets Corporate Bond Fund—I Class

32,557,924.004

Emerging Markets Corporate Multi-Sector Account Portfolio

473,048.500

Emerging Markets Discovery Stock Fund

5,839,671.143

Emerging Markets Discovery Stock Fund—Advisor Class

4,739.263

Emerging Markets Discovery Stock Fund—I Class

26,231,163.440

Emerging Markets Discovery Stock Fund—Z Class

306,068,092.321

Emerging Markets Local Currency Bond Fund

4,923,110.094

Emerging Markets Local Currency Bond Fund—Advisor Class

2,912.125

Emerging Markets Local Currency Bond Fund—I Class

19,406,859.798

Emerging Markets Local Currency Bond Fund—Z Class

51,664,276.725

Emerging Markets Local Multi-Sector Account Portfolio

28,074.303

Emerging Markets Stock Fund

35,094,737.924

Emerging Markets Stock Fund—I Class

48,529,564.020

Emerging Markets Stock Fund—Z Class

95,178,482.172

Equity Income ETF

3,095,000.000

Equity Income Fund

259,123,825.331

Equity Income Fund—Advisor Class

4,785,099.285

Equity Income Fund—I Class

222,006,324.497

Equity Income Fund—R Class

1,327,096.816

39

  

Fund

Outstanding Shares
of Capital Stock

Equity Income Fund—Z Class

31,386,796.587

Equity Income Portfolio

15,745,092.241

Equity Income Portfolio—II

10,572,053.487

Equity Index 500 Fund

56,390,046.298

Equity Index 500 Fund—I Class

60,388,253.305

Equity Index 500 Fund—Z Class

113,085,256.804

Equity Index 500 Portfolio

953,714.133

European Stock Fund

22,365,639.523

European Stock Fund—I Class

9,828,923.222

European Stock Fund—Z Class

10,220,546.725

Extended Equity Market Index Fund

32,449,427.458

Financial Services Fund

26,391,464.486

Financial Services Fund—I Class

18,160,012.914

Floating Rate ETF

550,000.000

Floating Rate Fund

167,482,333.529

Floating Rate Fund—Advisor Class

1,920,031.639

Floating Rate Fund—I Class

87,608,058.202

Floating Rate Fund—Z Class

166,294,535.974

Floating Rate Multi-Sector Account Portfolio

1,163,133.781

Georgia Tax-Free Bond Fund

18,454,138.423

Georgia Tax-Free Bond Fund—I Class

19,736,797.986

Global Allocation Fund

54,964,282.328

Global Allocation Fund—Advisor Class

366,084.674

Global Allocation Fund—I Class

18,091,217.098

Global Consumer Fund

3,467,004.376

Global Growth Stock Fund

10,876,122.029

Global Growth Stock Fund—Advisor Class

433,258.611

Global Growth Stock Fund—I Class

18,806,335.467

Global High Income Bond Fund

6,875,958.423

Global High Income Bond Fund—Advisor Class

41,670.929

Global High Income Bond Fund—I Class

24,268,167.207

Global Impact Equity Fund

1,314,398.910

Global Impact Equity Fund—I Class

769,936.998

Global Industrials Fund

5,203,063.294

Global Industrials Fund—I Class

5,475,299.356

Global Multi-Sector Bond Fund

69,828,349.194

Global Multi-Sector Bond Fund—Advisor Class

1,382,662.736

Global Multi-Sector Bond Fund—I Class

58,020,095.284

Global Real Estate Fund

3,180,999.441

Global Real Estate Fund—Advisor Class

260,127.708

Global Real Estate Fund—I Class

1,695,411.636

Global Stock Fund

53,788,702.579

Global Stock Fund—Advisor Class

879,841.414

Global Stock Fund—I Class

48,712,156.432

Global Technology Fund

177,145,453.507

Global Technology Fund—I Class

96,283,104.782

Global Value Equity Fund

6,031,990.850

Global Value Equity Fund—I Class

1,386,751.381

GNMA Fund

34,061,798.984

GNMA Fund—I Class

20,897,640.521

GNMA Fund—Z Class

65,466,661.170

Government Money Fund

7,581,694,787.794

Government Money Fund—I Class

2,591,432,749.549

40

  

Fund

Outstanding Shares
of Capital Stock

Government Reserve Fund

14,498,236,201.720

Growth ETF

--

Growth Stock ETF

1,750,000.000

Growth Stock Fund

166,979,514.011

Growth Stock Fund—Advisor Class

24,147,820.262

Growth Stock Fund—I Class

183,333,680.503

Growth Stock Fund—R Class

9,519,208.339

Growth Stock Fund—Z Class

270,574,330.014

Health Sciences Fund

111,254,817.508

Health Sciences Fund—I Class

65,582,146.443

Health Sciences Portfolio

2,764,571.650

Health Sciences Portfolio—II

10,705,073.466

High Yield Fund

195,598,359.150

High Yield Fund—Advisor Class

3,149,743.591

High Yield Fund—I Class

450,500,589.452

High Yield Fund—Z Class

567,816,339.291

High Yield Multi-Sector Account Portfolio

1,021,885.544

Inflation Protected Bond Fund

26,660,734.478

Inflation Protected Bond Fund—I Class

23,733,248.618

Inflation Protected Bond Fund—Z Class

7,722.008

Institutional Emerging Markets Bond Fund

56,200,772.168

Institutional Emerging Markets Equity Fund

26,963,849.651

Institutional Floating Rate Fund

421,739,326.381

Institutional Floating Rate Fund—F Class

45,013,095.505

Institutional Floating Rate Fund—Z Class

4,439,667.947

Institutional High Yield Fund

214,762,341.200

Institutional High Yield Fund—Z Class

--

Institutional International Disciplined Equity Fund

17,839,960.879

Institutional Large-Cap Core Growth Fund

63,396,856.565

Institutional Long Duration Credit Fund

5,421,915.010

Institutional Mid-Cap Equity Growth Fund

84,314,695.513

Institutional Small-Cap Stock Fund

179,082,426.220

Integrated Global Equity Fund

897,472.943

Integrated Global Equity Fund—Advisor Class

25,000.000

Integrated Global Equity Fund—I Class

933,499.128

Integrated U.S. Large-Cap Value Equity Fund

1,269,963.203

Integrated U.S. Large-Cap Value Equity Fund—Advisor Class

17,483.728

Integrated U.S. Large-Cap Value Equity Fund—I Class

799,256.750

Integrated U.S. Small-Cap Growth Equity Fund

97,659,826.027

Integrated U.S. Small-Cap Growth Equity Fund—Advisor Class

502,175.952

Integrated U.S. Small-Cap Growth Equity Fund—I Class

94,011,082.895

Integrated U.S. Small-Mid Cap Core Equity Fund

7,347,608.469

Integrated U.S. Small-Mid Cap Core Equity Fund—Advisor Class

24,243.556

Integrated U.S. Small-Mid Cap Core Equity Fund—I Class

10,699,867.867

Intermediate Tax-Free High Yield Fund

2,149,088.925

Intermediate Tax-Free High Yield Fund—Advisor Class

0.102

Intermediate Tax-Free High Yield Fund—I Class

6,070,150.928

International Bond Fund

34,543,817.856

International Bond Fund—Advisor Class

449,845.236

International Bond Fund—I Class

60,522,182.397

International Bond Fund—Z Class

41,261,465.194

International Bond Fund (USD Hedged)

9,826,667.574

International Bond Fund (USD Hedged)—Advisor Class

37,723.151

41

  

Fund

Outstanding Shares
of Capital Stock

International Bond Fund (USD Hedged)—I Class

161,138,965.881

International Bond Fund (USD Hedged)—Z Class

544,924,857.121

International Disciplined Equity Fund

6,546,775.432

International Disciplined Equity Fund—Advisor Class

327,859.186

International Disciplined Equity Fund—I Class

23,518,480.293

International Discovery Fund

48,261,100.607

International Discovery Fund—I Class

58,612,233.481

International Discovery Fund—Z Class

2,225,530.977

International Equity ETF

--

International Equity Index Fund

49,648,728.540

International Equity Index Fund—Z Class

4,763,499.337

International Stock Fund

96,505,833.563

International Stock Fund—Advisor Class

760,198.070

International Stock Fund—I Class

203,084,588.567

International Stock Fund—R Class

418,016.424

International Stock Fund—Z Class

498,270,398.092

International Stock Portfolio

16,954,539.176

International Value Equity Fund

26,870,070.258

International Value Equity Fund—Advisor Class

1,900,868.074

International Value Equity Fund—I Class

56,459,523.132

International Value Equity Fund—R Class

2,235,497.335

International Value Equity Fund—Z Class

616,027,386.498

Investment-Grade Corporate Multi-Sector Account Portfolio

6,549,830.242

Japan Fund

20,024,031.065

Japan Fund—I Class

6,399,301.065

Japan Fund—Z Class

6,597,694.522

Large-Cap Growth Fund

4,832,580.783

Large-Cap Growth Fund—I Class

298,699,522.984

Large-Cap Value Fund

4,525,874.965

Large-Cap Value Fund—I Class

144,226,580.047

Latin America Fund

14,884,853.597

Latin America Fund—I Class

4,674,125.905

Latin America Fund—Z Class

843,772.028

Limited Duration Inflation Focused Bond Fund

29,563,589.399

Limited Duration Inflation Focused Bond Fund—I Class

194,613,916.895

Limited Duration Inflation Focused Bond Fund—Z Class

1,297,218,518.772

Limited-Term Bond Portfolio

34,555,096.055

Limited-Term Bond Portfolio—II

3,580,377.389

Maryland Short-Term Tax-Free Bond Fund

12,862,579.172

Maryland Short-Term Tax-Free Bond Fund—I Class

17,827,535.145

Maryland Tax-Free Bond Fund

100,613,986.444

Maryland Tax-Free Bond Fund—I Class

122,750,386.327

Maryland Tax-Free Money Fund

20,745,226.620

Maryland Tax-Free Money Fund—I Class

79,323,979.320

Mid-Cap Growth Fund

129,807,742.178

Mid-Cap Growth Fund—Advisor Class

2,731,454.226

Mid-Cap Growth Fund—I Class

120,452,987.250

Mid-Cap Growth Fund—R Class

366,751.591

Mid-Cap Growth Fund—Z Class

50,427,476.184

Mid-Cap Growth Portfolio

16,150,362.715

Mid-Cap Growth Portfolio—II

2,091,709.195

Mid-Cap Index Fund

12,131.231

Mid-Cap Index Fund—I Class

6,068,569.031

42

  

Fund

Outstanding Shares
of Capital Stock

Mid-Cap Index Fund—Z Class

1,166,107.529

Mid-Cap Value Fund

140,051,157.006

Mid-Cap Value Fund—Advisor Class

2,442,000.898

Mid-Cap Value Fund—I Class

154,732,986.782

Mid-Cap Value Fund—R Class

4,271,088.251

Mid-Cap Value Fund—Z Class

149,506,368.997

Moderate Allocation Portfolio

8,931,373.834

Mortgage-Backed Securities Multi-Sector Account Portfolio

14,411,122.795

Multi-Strategy Total Return Fund

3,537,726.519

Multi-Strategy Total Return Fund—Advisor Class

--

Multi-Strategy Total Return Fund—I Class

32,566,247.465

New Asia Fund

76,909,769.127

New Asia Fund—I Class

87,699,743.333

New Asia Fund—Z Class

11,060,510.632

New Era Fund

33,946,533.015

New Era Fund—I Class

39,628,323.810

New Horizons Fund

202,517,278.811

New Horizons Fund—I Class

229,728,650.877

New Horizons Fund—Z Class

40,791,698.018

New Income Fund

102,386,587.069

New Income Fund—Advisor Class

1,151,423.212

New Income Fund—I Class

325,515,949.072

New Income Fund—R Class

126,230.536

New Income Fund—Z Class

1,485,224,356.263

New Jersey Tax-Free Bond Fund

18,544,465.142

New Jersey Tax-Free Bond Fund—I Class

11,740,011.383

New York Tax-Free Bond Fund

19,764,823.155

New York Tax-Free Bond Fund—I Class

20,850,830.388

Overseas Stock Fund

441,245,987.773

Overseas Stock Fund—Advisor Class

39,251,340.045

Overseas Stock Fund—I Class

448,300,697.474

Overseas Stock Fund—Z Class

877,335,401.153

QM U.S. Bond Index ETF

950,000.000

QM U.S. Bond Index Fund

66,366,584.365

QM U.S. Bond Index Fund—I Class

55,451,870.672

QM U.S. Bond Index Fund—Z Class

4,466,873.149

Real Assets Fund

10,494,230.884

Real Assets Fund—I Class

59,525,898.947

Real Assets Fund—Z Class

422,070,624.337

Real Estate Fund

59,348,613.114

Real Estate Fund—Advisor Class

1,206,967.916

Real Estate Fund—I Class

28,850,116.990

Retirement 2005 Fund

80,085,985.904

Retirement 2005 Fund—Advisor Class

2,874,552.544

Retirement 2005 Fund—R Class

3,201,912.907

Retirement 2010 Fund

176,357,714.396

Retirement 2010 Fund—Advisor Class

10,649,382.796

Retirement 2010 Fund—R Class

6,562,540.444

Retirement 2015 Fund

323,535,044.204

Retirement 2015 Fund—Advisor Class

14,963,747.534

Retirement 2015 Fund—R Class

11,552,749.906

Retirement 2020 Fund

523,360,830.457

Retirement 2020 Fund—Advisor Class

45,280,342.291

43

  

Fund

Outstanding Shares
of Capital Stock

Retirement 2020 Fund—R Class

38,103,704.986

Retirement 2025 Fund

673,604,282.430

Retirement 2025 Fund—Advisor Class

55,016,533.555

Retirement 2025 Fund—R Class

53,673,292.193

Retirement 2030 Fund

582,008,439.531

Retirement 2030 Fund—Advisor Class

68,953,377.948

Retirement 2030 Fund—R Class

63,701,771.975

Retirement 2035 Fund

498,355,121.071

Retirement 2035 Fund—Advisor Class

48,621,459.350

Retirement 2035 Fund—R Class

53,003,224.189

Retirement 2040 Fund

368,875,097.906

Retirement 2040 Fund—Advisor Class

48,654,815.364

Retirement 2040 Fund—R Class

46,466,099.092

Retirement 2045 Fund

320,876,589.946

Retirement 2045 Fund—Advisor Class

36,650,979.562

Retirement 2045 Fund—R Class

39,304,794.754

Retirement 2050 Fund

309,343,632.369

Retirement 2050 Fund—Advisor Class

54,045,748.110

Retirement 2050 Fund—R Class

52,736,241.531

Retirement 2055 Fund

184,216,453.821

Retirement 2055 Fund—Advisor Class

28,120,583.470

Retirement 2055 Fund—R Class

29,762,648,664

Retirement 2060 Fund

89,963,507.898

Retirement 2060 Fund—Advisor Class

14,453,214.851

Retirement 2060 Fund—R Class

13,952,460.405

Retirement 2065 Fund

12,435,047.665

Retirement 2065 Fund—Advisor Class

665,809.713

Retirement 2065 Fund—R Class

400,411.149

Retirement Balanced Fund

118,592,677.329

Retirement Balanced Fund—Advisor Class

6,691,194.860

Retirement Balanced Fund—R Class

9,512,911.357

Retirement Blend 2005 Fund

205,668.560

Retirement Blend 2005 Fund—I Class

729,635.642

Retirement Blend 2010 Fund

373,095.599

Retirement Blend 2010 Fund—I Class

358,434.445

Retirement Blend 2015 Fund

675,402.639

Retirement Blend 2015 Fund—I Class

1,289,685.022

Retirement Blend 2020 Fund

2,645,363.033

Retirement Blend 2020 Fund—I Class

4,536,850.497

Retirement Blend 2025 Fund

5,007,086.612

Retirement Blend 2025 Fund—I Class

5,578,998.509

Retirement Blend 2030 Fund

4,791,589.198

Retirement Blend 2030 Fund—I Class

5,760,326.974

Retirement Blend 2035 Fund

4,880,247.980

Retirement Blend 2035 Fund—I Class

5,734,215.533

Retirement Blend 2040 Fund

4,955,678.413

Retirement Blend 2040 Fund—I Class

4,454,451.979

Retirement Blend 2045 Fund

3,589,464.233

Retirement Blend 2045 Fund—I Class

3,620,599.416

Retirement Blend 2050 Fund

2,580,719.577

Retirement Blend 2050 Fund—I Class

3,398,895.070

Retirement Blend 2055 Fund

1,381,824.444

Retirement Blend 2055 Fund—I Class

1,627,848.803

44

  

Fund

Outstanding Shares
of Capital Stock

Retirement Blend 2060 Fund

557,359.552

Retirement Blend 2060 Fund—I Class

921,442.023

Retirement Blend 2065 Fund

275,056.614

Retirement Blend 2065 Fund—I Class

624,378.033

Retirement I 2005 Fund—I Class

26,798,469.094

Retirement I 2010 Fund—I Class

77,577,538.317

Retirement I 2015 Fund—I Class

134,171,028.706

Retirement I 2020 Fund—I Class

424,227,148.197

Retirement I 2025 Fund—I Class

586,504,501.010

Retirement I 2030 Fund—I Class

778,489,266.051

Retirement I 2035 Fund—I Class

563,426,181.679

Retirement I 2040 Fund—I Class

601,546,796.112

Retirement I 2045 Fund—I Class

427,545,440.702

Retirement I 2050 Fund—I Class

411,736,001.060

Retirement I 2055 Fund—I Class

245,258,145.961

Retirement I 2060 Fund—I Class

120,012,732.131

Retirement I 2065 Fund—I Class

17,132,499.881

Retirement Balanced I Fund—I Class

49,016,470.294

Retirement Income 2020 Fund

15,153,774.177

Science & Technology Fund

121,412,828.019

Science & Technology Fund—Advisor Class

1,412,896.123

Science & Technology Fund—I Class

68,364,231.324

Short Duration Income Fund

3,152,192.212

Short Duration Income Fund—I Class

1,866,369.564

Short-Term Fund

--

Short-Term Bond Fund

346,120,696.990

Short-Term Bond Fund—Advisor Class

1,681,632.314

Short-Term Bond Fund—I Class

664,836,761.210

Short-Term Bond Fund—Z Class

33,436,790.367

Short-Term Government Fund

--

Small-Cap Index Fund

12,322.640

Small-Cap Index Fund—I Class

6,888,729.172

Small-Cap Index Fund—Z Class

1,327,372.572

Small-Cap Stock Fund

45,958,563.471

Small-Cap Stock Fund—Advisor Class

1,090,836.111

Small-Cap Stock Fund—I Class

60,595,376.745

Small-Cap Stock Fund—Z Class

57,894,074.914

Small-Cap Value Fund

93,937,811.719

Small-Cap Value Fund—Advisor Class

1,590,735.720

Small-Cap Value Fund—I Class

60,520,491.984

Small-Cap Value Fund—Z Class

56,856,800.727

Small-Mid Cap ETF

--

Spectrum Conservative Allocation Fund

59,439,204.767

Spectrum Conservative Allocation Fund—I Class

55,426,180.297

Spectrum Diversified Equity Fund

89,805,328.129

Spectrum Diversified Equity Fund—I Class

76,285,037.767

Spectrum Income Fund

178,067,856.055

Spectrum Income Fund—I Class

360,338,381.422

Spectrum International Equity Fund

50,097,549.555

Spectrum International Equity Fund—I Class

63,917,240.219

Spectrum Moderate Allocation Fund

51,044,066.591

Spectrum Moderate Allocation Fund—I Class

46,224,247.254

Spectrum Moderate Growth Allocation Fund

41,183,438.910

45

  

Fund

Outstanding Shares
of Capital Stock

Spectrum Moderate Growth Allocation Fund—I Class

49,969,891.557

Summit Municipal Income Fund

87,630,601.634

Summit Municipal Income Fund—Advisor Class

36,097.747

Summit Municipal Income Fund—I Class

114,948,246.330

Summit Municipal Intermediate Fund

201,147,497.558

Summit Municipal Intermediate Fund—Advisor Class

437,767.931

Summit Municipal Intermediate Fund—I Class

287,392,714.452

Target 2005 Fund

2,025,280.125

Target 2005 Fund—Advisor Class

13,152.205

Target 2005 Fund—I Class

2,684,039.770

Target 2010 Fund

3,181,698.579

Target 2010 Fund—Advisor Class

36,678.685

Target 2010 Fund—I Class

3,433,335.126

Target 2015 Fund

6,968,421.842

Target 2015 Fund—Advisor Class

126,521.727

Target 2015 Fund—I Class

8,631,720.910

Target 2020 Fund

11,864,543.934

Target 2020 Fund—Advisor Class

575,501.801

Target 2020 Fund—I Class

14,799,426.797

Target 2025 Fund

14,384,004.551

Target 2025 Fund—Advisor Class

478,271.156

Target 2025 Fund—I Class

24,134,521.757

Target 2030 Fund

14,877,192.269

Target 2030 Fund—Advisor Class

500,516.983

Target 2030 Fund—I Class

26,072,929.457

Target 2035 Fund

11,453,252.375

Target 2035 Fund—Advisor Class

213,730.790

Target 2035 Fund—I Class

21,455,782.438

Target 2040 Fund

10,840,831.851

Target 2040 Fund—Advisor Class

378,001.191

Target 2040 Fund—I Class

15,954,376.663

Target 2045 Fund

6,696,285.691

Target 2045 Fund—Advisor Class

407,767.677

Target 2045 Fund—I Class

17,003,634.378

Target 2050 Fund

7,035,220.474

Target 2050 Fund—Advisor Class

321,350.180

Target 2050 Fund—I Class

10,900,355.296

Target 2055 Fund

4,384,155.079

Target 2055 Fund—Advisor Class

273,213.940

Target 2055 Fund—I Class

8,470,862.596

Target 2060 Fund

3,857,246.002

Target 2060 Fund—Advisor Class

209,758.543

Target 2060 Fund—I Class

3,860,564.541

Target 2065 Fund

443,376.768

Target 2065 Fund—Advisor Class

11,803.895

Target 2065 Fund—I Class

887,388.325

Tax-Efficient Equity Fund

5,615,605.966

Tax-Efficient Equity Fund—I Class

10,275,297.407

Tax-Exempt Money Fund

176,843,511.768

Tax-Exempt Money Fund—I Class

486,463,609.516

Tax-Free High Yield Fund

183,599,117.320

Tax-Free High Yield Fund—Advisor Class

495,297.848

Tax-Free High Yield Fund—I Class

169,031,070.446

46

  

Fund

Outstanding Shares
of Capital Stock

Tax-Free Income Fund

88,412,144.154

Tax-Free Income Fund—Advisor Class

4,995,940.454

Tax-Free Income Fund—I Class

156,855,854.218

Tax-Free Short-Intermediate Fund

158,373,193.572

Tax-Free Short-Intermediate Fund—Advisor Class

493,873.020

Tax-Free Short-Intermediate Fund—I Class

170,648,535.922

Total Equity Market Index Fund

44,793,942.347

Total Return ETF

625,000.000

Total Return Fund

10,158,746.156

Total Return Fund—Advisor Class

98,094.073

Total Return Fund—I Class

67,419,978.241

Transition Fund

212,275.512

Treasury Reserve Fund

2,962,906,209.070

U.S. Equity Research ETF

1,015,000.000

U.S. Equity Research Fund

82,243,097.075

U.S. Equity Research Fund—Advisor Class

981,848.262

U.S. Equity Research Fund—I Class

105,337,568.715

U.S. Equity Research Fund—R Class

2,234,740.687

U.S. Equity Research Fund—Z Class

109,710,487.598

U.S. High Yield ETF

425,000.000

U.S. High Yield Fund

27,170,028.724

U.S. High Yield Fund—Advisor Class

626,144.454

U.S. High Yield Fund—I Class

23,733,485.489

U.S. Large-Cap Core Fund

51,229,943.214

U.S. Large-Cap Core Fund—Advisor Class

342,697.093

U.S. Large-Cap Core Fund—I Class

46,306,348.498

U.S. Large-Cap Core Fund—Z Class

224,055,315.160

U.S. Limited Duration TIPS Index Fund

1,703,626.627

U.S. Limited Duration TIPS Index Fund—I Class

160,269,383.965

U.S. Limited Duration TIPS Index Fund—Z Class

2,179,858.287

U.S. Treasury Intermediate Index Fund

135,156,452.049

U.S. Treasury Intermediate Index Fund—I Class

27,801,331.053

U.S. Treasury Intermediate Index Fund—Z Class

91,375.825

U.S. Treasury Long-Term Index Fund

27,002,867.750

U.S. Treasury Long-Term Index Fund—I Class

40,538,110.894

U.S. Treasury Long-Term Index Fund—Z Class

491,847,139.904

U.S. Treasury Money Fund

5,145,222,563.887

U.S. Treasury Money Fund—I Class

3,639,019,616.261

U.S. Treasury Money Fund—Z Class

4,719,972,723.100

Ultra Short-Term Bond ETF

1,100,000.000

Ultra Short-Term Bond Fund

314,003,447.463

Ultra Short-Term Bond Fund—I Class

193,632,566.520

Ultra Short-Term Bond Fund—Z Class

19,607.843

Value ETF

--

Value Fund

91,338,964.594

Value Fund—Advisor Class

5,950,225.632

Value Fund—I Class

108,627,377.310

Value Fund—Z Class

504,154,958.959

Virginia Tax-Free Bond Fund

61,843,138.235

Virginia Tax-Free Bond Fund—I Class

53,665,977.141

47

Who are the principal holders of the Funds’ shares?

The following table, entitled “Principal Holders of Fund Shares,” provides the shareholders of record that owned more than 5% of the indicated Funds and/or classes, as of March 31, 2023.

Principal Holders of Fund Shares

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

AFRICA & MIDDLE EAST

CHARLES SCHWAB & CO INC

378,511.07

 

5.63

FUND

REINVEST ACCOUNT

   
 

ATTN MUTUAL FUND DEPT

   

 

SAN FRANCISCO CA 94105-1905

   

 

NATIONAL FINANCIAL SERVICES

463,313.51

 

6.89

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

JERSEY CITY NJ 07310-2010

   

AFRICA & MIDDLE EAST

T ROWE PRICE RPS INC

571,250.07

 

19.42

FUND—I CLASS

FBO TRP PLAN

   

 

TRP AFRICA & MIDDLE EAST I

   

 

BALTIMORE MD 21297-1215

   

 

TD AMERITRADE INC FBO

171,598.11

 

5.83

 

OUR CUSTOMERS

   

 

OMAHA NE 68103-2226

   

AFRICA & MIDDLE EAST

SPECTRUM INTERNATIONAL EQUITY

793,236.24

 

100.00(a)

FUND—Z CLASS

FUND

   
 

ATTN FUND ACCOUNTING DEPT

   
 

T ROWE PRICE ASSOCIATES

 

  

 

BALTIMORE MD 21202-1009

 

  

ALL-CAP OPPORTUNITIES

CHARLES SCHWAB & CO INC

 11,195,275.46

 

12.64

FUND

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 17,368,098.91

 

19.60

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

ALL-CAP OPPORTUNITIES

CHARLES SCHWAB & CO INC

 384,139.10

 

13.82

FUND—ADVISOR CLASS

REINVEST ACCOUNT

 

  

 

EMPOWER TRUST COMPANY LLC

 145,306.02

 

5.23

 

VARIOUS FASCORE LLC RECORDKEPT

 

  

 

C/O FASCORE LLC

 

  

 

GREENWOOD VLG CO 80111-5002

 

  

 

EMPOWER TRUST FBO

 615,252.54

 

22.14

 

FBO: SANTA BARBARA COUNTY DCP

 

  

 

GREENWOOD VLG CO 80111-5002

 

  

 

NATIONAL FINANCIAL SERVICES

 237,308.55

 

8.54

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

ALL-CAP OPPORTUNITIES

CHARLES SCHWAB & CO INC

 8,047,359.38

 

13.01

FUND—I CLASS

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 11,789,817.69

 

19.06

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

48

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

ALL-CAP OPPORTUNITIES

MODERN WOODMEN OF AMERICA

 1,882,705.49

 

15.39

PORTFOLIO

TOPEKA KS 66636-0001

 

  

 

NATIONWIDE INSURANCE COMPANY

 1,855,482.40

 

15.16

 

C/O IPO PORTFOLIO ACCOUNTING

 

  
 

COLUMBUS OH 43218-2029

   

 

NATIONWIDE LIFE INSURANCE COMPANY

 3,114,441.34

 

25.45(d)

 

COLUMBUS OH 43218-2029

   

 

PARAGON LIFE INSURANCE CO

 732,972.25

 

5.99

 

SAINT LOUIS MO 63128-3499

   

 

SECURITY BENEFIT LIFE INS CO

 1,676,147.52

 

13.70

 

FBO T ROWE PRICE NO LOAD V A

   

 

ATTN MARK YOUNG

 

  

 

TOPEKA KS 66636-0001

 

  

ASIA OPPORTUNITIES

CHARLES SCHWAB & CO INC

 307,399.54

 

7.38

FUND

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 615,885.79

 

14.79

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 248,063.50

 

5.96

 

JERSEY CITY NJ 07399-0002

 

  

ASIA OPPORTUNITIES

NATIONAL FINANCIAL SERVICES

 2,342.06

 

49.95(b)

FUND—ADVISOR CLASS

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 857.134

 

18.28

 

VANTAGEPOINT ROTH IRA

 237.496

 

5.06

 

C/O MISSIONSQUARE RETIREMENT

 

  

 

WASHINGTON DC 20002-4239

 

  

 

WELLS FARGO CLEARING SERVICES LLC

 908.065

 

19.37

 

SPECIAL CUSTODY ACCT FOR THE

 

  

 

EXCLUSIVE BENEFIT OF CUSTOMERS

 

  

 

SAINT LOUIS MO 63103-2523

 

  

ASIA OPPORTUNITIES

CHARLES SCHWAB & CO INC

 906,469.77

 

25.23(b)

FUND—I CLASS

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

 

NATIONAL FINANCIAL SERVICES

 321,381.36

 

8.94

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

T ROWE PRICE ASSOCIATES

 477,067.73

 

13.28

 

ATTN FINANCIAL REPORTING DEPT

 

  

 

BALTIMORE MD 21202-1009

 

  

BALANCED FUND

NATIONAL FINANCIAL SERVICES

 8,362,455.32

 

8.19

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

T ROWE PRICE TRUST CO INC

 19,973,899.01

 

19.56

 

ATTN TRPS INST CONTROL DEPT

 

  

 

BALTIMORE MD 21297-1215

 

  

BALANCED FUND—I CLASS

CHARLES SCHWAB & CO INC

 7,906,231.76

 

10.62

 

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 3,945,849.98

 

5.30

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

49

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

BLUE CHIP GROWTH ETF

CHARLES SCHWAB & CO INC

 2,605,399

 

18.91

 

NATIONAL FINANCIAL SERVICES LLC

 1,742,470

 

12.65

 

PERSHING LLC

 2,409,154

 

17.49

 

RELIANCE TRUST COMPANY

 934,003

 

6.78

 

ATLANTA, GA 30328

   

 

TD AMERITRADE CLEARING, INC.

 2,808,577

 

20.39

 

OMAHA, NE 68154-2631

   

BLUE CHIP GROWTH FUND

CHARLES SCHWAB & CO INC

 16,103,285.73

 

7.39

 

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 33,043,695.41

 

15.17

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 11,666,660.87

 

5.35

 

WELLS FARGO CLEARING SERVICES LLC

 31,881,816.10

 

14.63

 

SPECIAL CUSTODY ACCT FOR THE

 

  

 

EXCLUSIVE BENEFIT OF CUSTOMERS

 

  

BLUE CHIP GROWTH

EMPOWER TRUST FBO

 655,482.33

 

5.55

FUND—ADVISOR CLASS

GREAT WEST IRA ADVANTAGE

 

  

 

EMPOWER TRUST FBO

 758,637.19

 

6.42

 

EMPLOYEE BENEFITS CLIENTS 401K

 

  

 

NATIONAL FINANCIAL SERVICES

 2,554,759.12

 

21.63

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

BLUE CHIP GROWTH

CHARLES SCHWAB & CO INC

 15,057,992.80

 

7.53

FUND—I CLASS 

EDWARD D JONES & CO

 21,778,011.51

 

10.89

 

FOR THE BENEFIT OF CUSTOMERS

 

  

 

SAINT LOUIS MO 63131-3729

 

  

 

NATIONAL FINANCIAL SERVICES

 29,828,220.10

 

14.92

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

BLUE CHIP GROWTH

DCGT AS TTEE AND/OR CUST

 381,363.94

 

6.13

FUND—R CLASS

ATTN NPIO TRADE DESK

 

  

 

FBO PLIC VARIOUS RETIREMENT PLANS

 

  

 

DES MOINES IA 50392-0001

 

  

 

NATIONWIDE LIFE INSURANCE COMPANY

 372,256.08

 

5.98

 

NATIONWIDE LIFE INSURANCE COMPANY

 557,401.02

 

8.96

 

SAMMONS FINANCIAL NETWORK LLC

 1,558,298.45

 

25.05(b)

 

WEST DES MOINES IA 50266-5911

 

  

 

STATE STREET BANK AND TRUST AS

 896,381.43

 

14.41

 

TRUSTEE AND/OR CUSTODIAN

 

  

 

FBO ADP ACCESS PRODUCT

 

  

 

BOSTON MA 02111-2901

 

  

BLUE CHIP GROWTH

SPECTRUM DIVERSIFIED EQUITY

 3,044,533.34

 

100.00(a)

FUND—Z CLASS

T. ROWE PRICE ASSOCIATES

 

  

50

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

BLUE CHIP GROWTH

EMPOWER ANNUITY INSURANCE

 2,762,898.14

 

8.61

PORTFOLIO

COMPANY OF AMERICA

 

  
 

CLIENT PLANS

   
 

GREAT-WEST LIFE & ANNUITY INS CO

   
 

ENGLEWOOD CO 80111-5002

   

 

MID ATLANTIC TRUST COMPANY FBO

 3,778,292.76

 

11.77

 

MUTUAL OF AMERICA SEPARATE

 

  
 

ACCT#1

   
 

PITTSBURGH PA 15222-4228

   

 

MID ATLANTIC TRUST COMPANY FBO

 8,083,296.76

 

25.18(d)

 

MUTUAL OF AMERICA SEPARATE

 

  
 

ACCT#2

   

 

NATIONWIDE INSURANCE COMPANY

 2,769,190.56

 

8.63

 

NATIONWIDE LIFE INSURANCE COMPANY

 3,794,908.07

 

11.82

 

NYLIAC

 3,056,822.89

 

9.52

 

ATTN ASHESH UPADHYAY

 

  
 

NYLIM CENTER

   

 

JERSEY CITY NJ 07302-4600

 

  

BLUE CHIP GROWTH

AMERITAS LIFE INSURANCE CORP

 1,361,377.37

 

9.14

PORTFOLIO—II

AMERITAS VARIABLE SEP ACCT VA

 

  

 

ATTN VARIABLE TRADES

 

  
 

LINCOLN NE 68510-2234

   

 

JEFFERSON NATIONAL LIFE INS CO

 1,989,868.16

 

13.35

 

LOUISVILLE KY 40223-6178

 

  

 

MIDLAND NATIONAL LIFE INSURANCE CO

 1,603,596.09

 

10.76

 

WEST DES MOINES IA 50266-1036

 

  

 

NATIONWIDE LIFE INSURANCE COMPANY

 1,483,094.62

 

9.95

 

PACIFIC SELECT EXEC

 3,996,414.03

 

26.82(d)

 

SEPARATE ACCOUNT OF PACIFIC LIFE

 

  
 

ATTN VARIABLE PRODUCTS ACCOUNTING

   

 

NEWPORT BEACH CA 92660-6307

 

  

CALIFORNIA TAX-FREE

CHARLES SCHWAB & CO INC

 3,580,057.34

 

10.71

BOND FUND

REINVEST ACCOUNT

 

  

 

MLPF&S FOR THE SOLE BENEFIT OF

 1,806,743.51

 

5.40

 

ITS CUSTOMERS

 

  

 

JACKSONVILLE FL 32246-6484

 

  

 

MORGAN STANLEY SMITH BARNEY LLC

 2,269,304.62

 

6.79

 

FOR THE EXCLSIVE BENE OF ITS CUST

 

  

 

NEW YORK NY 10004-1932

 

  

 

NATIONAL FINANCIAL SERVICES

 12,323,398.65

 

36.86(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

CALIFORNIA TAX-FREE

CHARLES SCHWAB & CO INC

 3,348,130.25

 

11.27

BOND FUND—I CLASS

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

CAPITAL APPRECIATION

CHARLES SCHWAB & CO INC

 61,771,470.84

 

7.07

FUND

REINVEST ACCOUNT

 

  

 

LPL FINANCIAL

 156,149,577.20

 

17.87

 

OMNIBUS CUSTOMER ACCOUNT

 

  

 

ATTN MUTUAL FUND TRADING

 

  

 

SAN DIEGO CA 92121-3091

 

  

 

NATIONAL FINANCIAL SERVICES

 137,231,057.44

 

15.71

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 59,387,743.35

 

6.80

 

TD AMERITRADE INC FBO

 53,900,199.02

 

6.17

 

OUR CUSTOMERS

 

  

51

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

CAPITAL APPRECIATION

CHARLES SCHWAB & CO INC

 2,732,347.98

 

12.38

FUND—ADVISOR CLASS

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 2,044,397.35

 

9.26

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

UMB BANK N/A

 7,058,782.26

 

31.97(b)

 

FBO FIDUCIARY FOR TAX DEFERRED

 

  

 

ACCOUNTS

 

  

 

TOPEKA KS 66636-0001

 

  

CAPITAL APPRECIATION

CHARLES SCHWAB & CO INC

 108,483,246.06

 

17.04

FUND—I CLASS 

NATIONAL FINANCIAL SERVICES

 97,236,205.51

 

15.27

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

TD AMERITRADE INC FBO

 44,349,194.76

 

6.97

 

OUR CUSTOMERS

 

  

CHINA EVOLUTION EQUITY

CHARLES SCHWAB & CO INC

 155,662.36

 

7.25

FUND

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 117,570.35

 

5.47

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

WENLI ZHENG

 142,279.47

 

6.62

CHINA EVOLUTION EQUITY

CHARLES SCHWAB & CO INC

 548,176.18

 

17.15

FUND—I CLASS

REINVEST ACCOUNT

 

  

 

T ROWE PRICE ASSOCIATES

 597,924.27

 

18.70

 

T ROWE PRICE RPS INC

 428,596.46

 

13.41

 

FBO TRP PLAN

 

  

 

TRP CHINA EVOLUTION EQUITY I

 

  

 

WENLI ZHENG

 263,051.35

 

8.23

COMMUNICATIONS &

CHARLES SCHWAB & CO INC

 2,242,836.17

 

5.83

TECHNOLOGY FUND

REINVEST ACCOUNT

 

  

 

LPL FINANCIAL

 2,329,389.84

 

6.06

 

OMNIBUS CUSTOMER ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 5,174,167.25

 

13.46

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

T ROWE PRICE TRUST CO INC

 2,189,303.11

 

5.69

 

MEDIA & TELECOMMUNICATION FUND

 

  

CORPORATE INCOME

T ROWE PRICE RPS INC

 1,108,372.28

 

5.96

FUND—I CLASS

FBO TRP PLAN

 

  

 

T ROWE PRICE CORP INCOME I

 

  

CORPORATE INCOME

SPECTRUM INCOME FUND

 32,829,052.95

 

100.00(a)

FUND—Z CLASS

T. ROWE PRICE ASSOCIATES

 

  

CREDIT OPPORTUNITIES

CHARLES SCHWAB & CO INC

 1,440,200.47

 

25.25(b)

FUND

REINVEST ACCOUNT

 

  

 

LPL FINANCIAL

 528,256.35

 

9.26

 

OMNIBUS CUSTOMER ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 473,098.16

 

8.29

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

CREDIT OPPORTUNITIES

CHARLES SCHWAB & CO INC

 3,576.93

 

31.02(b)

FUND—ADVISOR CLASS

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

 

PERSHING LLC

 7,565.41

 

65.60(b)

CREDIT OPPORTUNITIES

CHARLES SCHWAB & CO INC

 1,733,766.37

 

20.65

FUND—I CLASS

REINVEST ACCOUNT

 

  

 

T ROWE PRICE ASSOCIATES

 2,484,688.89

 

29.59(c)

52

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

DIVERSIFIED MID-CAP

LPL FINANCIAL

 1,512,800.25

 

6.06

GROWTH FUND

OMNIBUS CUSTOMER ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 3,490,463.68

 

13.99

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 1,408,538.96

 

5.65

DIVERSIFIED MID-CAP

NATIONAL FINANCIAL SERVICES

 3,114,456.86

 

12.76

GROWTH FUND—I CLASS

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PIMS/PRUDENTIAL RETIREMENT

 2,984,517.57

 

12.22

 

AS NOMINEE FOR THE TTEE/CUST PL

 

  

 

STATE OF CONNECTICUT DEFERRED

 

  

 

HARTFORD CT 06106-1659

 

  

DIVIDEND GROWTH ETF

CITIGROUP GLOBAL MARKETS INC.

 600,000

 

6.27

 

NEW YORK, NY 10013

   

 

CHARLES SCHWAB & CO INC

 1,408,033

 

14.72

 

NATIONAL FINANCIAL SERVICES LLC

 2,200,654

 

23.01

 

PERSHING LLC

 1,444,611

 

15.10

 

TD AMERITRADE CLEARING, INC.

 2,427,226

 

25.38(f)

DIVIDEND GROWTH FUND

CHARLES SCHWAB & CO INC

 17,389,099.39

 

9.97

 

REINVEST ACCOUNT

 

  

 

LPL FINANCIAL

 21,955,087.46

 

12.59

 

OMNIBUS CUSTOMER ACCOUNT

 

  

 

MLPF&S FOR THE SOLE BENEFIT OF

 12,940,646.44

 

7.42

 

ITS CUSTOMERS

 

  

 

NATIONAL FINANCIAL SERVICES

 35,198,856.86

 

20.19

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 10,051,502.04

 

5.76

DIVIDEND GROWTH

EMPOWER TRUST FBO

 462,466.95

 

8.20

FUND—ADVISOR CLASS

GREAT WEST IRA ADVANTAGE

 

  

 

MLPF&S FOR THE SOLE BENEFIT OF

 289,870.11

 

5.14

 

ITS CUSTOMERS

 

  

 

NATIONAL FINANCIAL SERVICES

 2,552,445.28

 

45.24(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

DIVIDEND GROWTH

CHARLES SCHWAB & CO INC

 12,455,987.43

 

8.87

FUND—I CLASS

REINVEST ACCOUNT

 

  

 

EDWARD D JONES & CO

 32,693,902.48

 

23.27

 

FOR THE BENEFIT OF CUSTOMERS

 

  

 

NATIONAL FINANCIAL SERVICES

 22,562,554.68

 

16.06

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

DIVIDEND GROWTH

SPECTRUM DIVERSIFIED EQUITY

 6,736,996.90

 

100.00(a)

FUND—Z CLASS

T. ROWE PRICE ASSOCIATES

 

  

DYNAMIC CREDIT FUND

NATIONAL FINANCIAL SERVICES

 317,995.05

 

9.31

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

T ROWE PRICE ASSOCIATES

 2,475,000.00

 

72.44(c)

DYNAMIC CREDIT

ANDREW C MC CORMICK

 61,150.65

 

10.70

FUND—I CLASS

LYN R. MC CORMICK JT TEN

 

  

 

JOHN D BESSON T O D

 58,609.24

 

10.25

 

T ROWE PRICE RPS INC

 125,538.81

 

21.96

 

FBO TRP PLAN

 

  

 

TRP DYNAMIC CRED I CL

 

  

53

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

DYNAMIC GLOBAL BOND

CHARLES SCHWAB & CO INC

 5,411,039.65

 

8.33

FUND

REINVEST ACCOUNT

 

  

 

LPL FINANCIAL

 10,023,491.66

 

15.44

 

OMNIBUS CUSTOMER ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 26,702,272.90

 

41.13(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 4,642,010.35

 

7.15

 

RAYMOND JAMES

 5,863,293.84

 

9.03

 

OMNIBUS FOR MUTUAL FUNDS

 

  

 

ATTN COURTNEY WALLER

 

  

DYNAMIC GLOBAL BOND

CHARLES SCHWAB & CO INC

 13,927.06

 

19.95

FUND—ADVISOR CLASS

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

 

NATIONAL FINANCIAL SERVICES

 21,067.26

 

30.17(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 16,348.14

 

23.42

 

T ROWE PRICE ASSOCIATES

 10,730.00

 

15.37

DYNAMIC GLOBAL BOND

CHARLES SCHWAB & CO INC

 15,238,083.54

 

18.24

FUND—I CLASS

REINVEST ACCOUNT

 

  

 

LADYBIRD & CO

 14,368,173.45

 

17.20

 

C/O T ROWE PRICE ASSOC

 

  

 

BALTIMORE MD 21202-1009

 

  

 

LADYBUG & CO

 7,325,413.21

 

8.77

 

C/O T ROWE PRICE ASSOC

 

  

 

BALTIMORE MD 21202-1009

 

  

 

MAC & CO

 5,699,199.39

 

6.82

 

ATTN MUTUAL FUND OPERATIONS

 

  

 

PITTSBURGH PA 15219-2502

 

  

 

PERSHING LLC

 6,899,735.96

 

8.26

DYNAMIC GLOBAL BOND

RETIREMENT I 2020 FUND

 21,316,264.39

 

5.71

FUND—Z CLASS

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2025 FUND

 28,395,481.10

 

7.60

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2030 FUND

 31,175,962.15

 

8.35

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2020

 43,559,968.44

 

11.66

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2025

 43,663,440.92

 

11.69

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2030

 47,643,565.49

 

12.75

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2035

 20,751,273.30

 

5.55

 

T ROWE PRICE ASSOCIATES

 

  

 

SPECTRUM INCOME FUND

 29,245,242.76

 

7.83

 

T. ROWE PRICE ASSOCIATES

 

  

EMERGING EUROPE FUND

NATIONAL FINANCIAL SERVICES

 683,973.33

 

6.83

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 618,246.05

 

6.17

 

T ROWE PRICE RPS INC

 519,726.74

 

5.19

 

OMNIBUS PLAN

 

  

 

NEW BUSINESS-CONV ASSTS

 

  

54

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

EMERGING EUROPE

CHRISTOPHER HADDAD

 152,201.33

 

9.61

FUND—I CLASS

LYNN HADDAD JT TEN

 

  

 

KATHRYN A FOLEY T O D

 105,630.12

 

6.67

 

KEVIN M STEPHENSON

 88,346.77

 

5.58

 

KAREN S STEPHENSON JT TEN

 

  

 

T ROWE PRICE RPS INC

 257,378.87

 

16.24

 

FBO TRP PLAN

 

  

 

TRP EMERGING EUROPE I

 

  

 

T ROWE PRICE TRUST CO

 89,494.54

 

5.65

 

CUST FOR THE ROLLOVER IRA OF

 

  

 

DAVY SHIAN

 

  

EMERGING EUROPE

SPECTRUM INTERNATIONAL EQUITY

 776,838.91

 

100.00(a)

FUND—Z CLASS

FUND

   
 

T ROWE PRICE ASSOCIATES

 

  

EMERGING MARKETS

NATIONAL FINANCIAL SERVICES

 22,109,318.94

 

33.20(b)

BOND FUND

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

EMERGING MARKETS

CHARLES SCHWAB & CO INC

 5,210.29

 

41.33(b)

BOND FUND—

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

ADVISOR CLASS 

MATRIX TRUST COMPANY CUST FBO

 4,031.81

 

31.98(b)

 

MODERN FOUNDATIONS, INC 401(K) PSP

 

  

 

DENVER CO 80202-3304

 

  

 

MID ATLANTIC TRUST COMPANY FBO

 2,905.28

 

23.05

 

CFD LEASING, INC 401(K) PLAN

 

  

EMERGING MARKETS

CHARLES SCHWAB & CO INC

 3,542,265.64

 

6.84

BOND FUND—I CLASS

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

 

CHARLES SCHWAB & CO INC

 4,309,243.62

 

8.32

 

REINVEST ACCOUNT

 

  

 

EDWARD D JONES & CO

 14,086,081.06

 

27.20(b)

 

FOR THE BENEFIT OF CUSTOMERS

 

  

EMERGING MARKETS

RETIREMENT I 2020 FUND

 21,441,018.49

 

6.23

BOND FUND—Z CLASS

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2025 FUND

 25,598,667.34

 

7.43

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2030 FUND

 23,520,082.18

 

6.83

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2015

 17,730,863.02

 

5.15

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2020

 43,571,832.83

 

12.65

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2025

 39,578,971.47

 

11.49

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2030

 35,741,134.99

 

10.38

 

T ROWE PRICE ASSOCIATES

 

  

 

SPECTRUM INCOME FUND

 59,786,842.33

 

17.36

 

T. ROWE PRICE ASSOCIATES

 

  

EMERGING MARKETS

CHARLES SCHWAB & CO INC

 2,746,495.79

 

25.65(b)

CORPORATE BOND FUND

REINVEST ACCOUNT

 

  

 

LPL FINANCIAL

 1,130,579.66

 

10.56

 

OMNIBUS CUSTOMER ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 4,455,855.13

 

41.61(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

55

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

EMERGING MARKETS

CHARLES SCHWAB & CO INC

 6,498.15

 

41.51(b)

CORPORATE BOND

REINVEST ACCOUNT

 

  

FUND—ADVISOR CLASS 

LPL FINANCIAL

 3,076.37

 

19.65

 

OMNIBUS CUSTOMER ACCOUNT

 

  

 

MLPF&S FOR THE SOLE BENEFIT OF

 2,118.44

 

13.53

 

ITS CUSTOMERS

 

  

 

NATIONAL FINANCIAL SERVICES

 3,790.86

 

24.22

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

EMERGING MARKETS

CHARLES SCHWAB & CO INC

 26,901,526.38

 

82.92(b)

CORPORATE BOND

REINVEST ACCOUNT

 

  

FUND—I CLASS

 

 

  

EMERGING MARKETS

BALTIMORE EQUITABLE SOCIETY

 63,971.94

 

13.59

CORPORATE MULTI-

ATTN MARY HARLEE

 

  

SECTOR ACCOUNT

BALTIMORE MD 21201-3808

 

  

PORTFOLIO

GENERAL DYNAMICS CORP 401K

 320,537.30

 

68.11(b)

 

PLAN MASTER TRUST CP

 

  

 

FALLS CHURCH VA 22042-4541

 

  

 

ILLINOIS STUDENT ASSISTANCE

 86,122.67

 

18.30

 

COMMISSION

 

  

 

ATTN ROGER ROJAS

 

  

 

DEERFIELD IL 60015-5209

 

  

EMERGING MARKETS

LPL FINANCIAL

 494,868.72

 

8.48

DISCOVERY STOCK FUND

OMNIBUS CUSTOMER ACCOUNT

 

  

 

MORGAN STANLEY SMITH BARNEY LLC

 465,924.29

 

7.99

 

FOR THE EXCL BENEFIT OF ITS CUST

 

  

 

NATIONAL FINANCIAL SERVICES

 607,310.67

 

10.41

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

VANGUARD BROKERAGE SERVICES

 631,378.96

 

10.83

 

VALLEY FORGE PA 19482-1170

 

  

EMERGING MARKETS

CHARLES SCHWAB & CO INC

 778.738

 

16.43

DISCOVERY STOCK

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

FUND—ADVISOR CLASS

MATRIX TRUST COMPANY AS AGENT

 985.178

 

20.79

 

FOR ADVISOR TRUST, INC.

 

  

 

CRESTWOOD SD (PA) 403(B)

 

  

 

PERSHING LLC

 2,867.61

 

60.51(b)

EMERGING MARKETS

CHARLES SCHWAB & CO INC

 1,510,346.74

 

5.76

DISCOVERY STOCK

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

FUND—I CLASS

LINCOLN INVESTMENT PLANNING, LLC

 3,571,791.33

 

13.62

 

FBO LINCOLN CUSTOMERS

 

  

 

FORT WASHINGTON PA 19034-3275

 

  

 

MARYLAND COLLEGE INVESTMENT

 1,313,578.55

 

5.01

 

PLAN PORTFOLIO 2027

 

  

 

ATTN FUND ACCOUNTING

 

  

 

BALTIMORE MD 21202-1013

 

  

 

MARYLAND COLLEGE INVESTMENT

 1,346,598.68

 

5.13

 

PLAN PORTFOLIO 2030

 

  

 

MARYLAND COLLEGE INVESTMENT

 1,789,515.26

 

6.82

 

PLAN EQUITY PORTFOLIO

 

  

 

T ROWE PRICE FUND ACCOUNTING

 

  

 

NATIONAL FINANCIAL SERVICES

 1,847,414.54

 

7.04

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

56

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

EMERGING MARKETS

RETIREMENT I 2030 FUND

 19,277,260.20

 

6.30

DISCOVERY STOCK

T ROWE PRICE ASSOCIATES

 

  

FUND—Z CLASS

RETIREMENT I 2035 FUND

 16,886,604.9

 

5.52

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2040 FUND

 20,343,384.34

 

6.65

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2045 FUND

 15,297,425.98

 

5.00

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2040

 27,269,256.64

 

8.92

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2025

 18,303,087.50

 

5.98

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2030

 29,369,045.82

 

9.60

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2035

 22,091,009.63

 

7.22

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2045

 17,275,344.63

 

5.65

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2050

 15,463,411.55

 

5.06

 

T ROWE PRICE ASSOCIATES

 

  

EMERGING MARKETS

CHARLES SCHWAB & CO INC

 710,217.59

 

14.50

LOCAL CURRENCY

REINVEST ACCOUNT

 

  

BOND FUND

NATIONAL FINANCIAL SERVICES

 1,426,668.89

 

29.13(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

EMERGING MARKETS

NATIONAL FINANCIAL SERVICES

 559.215

 

19.31

LOCAL CURRENCY BOND

FOR THE EXCLUSIVE BENEFIT

 

  

FUND—ADVISOR CLASS

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 1,890.33

 

65.28(b)

 

TD AMERITRADE INC FBO

 445.099

 

15.37

 

OUR CUSTOMERS

 

  

EMERGING MARKETS

CHARLES SCHWAB & CO INC

 1,367,096.38

 

7.09

LOCAL CURRENCY BOND

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

FUND—I CLASS

CHARLES SCHWAB & CO INC

 5,607,130.43

 

29.09(b)

 

REINVEST ACCOUNT

 

  

 

HORIZONDECK & CO

 5,066,077.03

 

26.28(a)

 

C/O T ROWE PRICE ASSOC

 

  

 

ATTN GLOBAL ALLOCATION FUND

 

  

 

BALTIMORE MD 21202-1009

 

  

 

PERSHING LLC

 4,295,611.44

 

22.28

EMERGING MARKETS

SPECTRUM INCOME FUND

 51,344,674.53

 

100.00(a)

LOCAL CURRENCY

T. ROWE PRICE ASSOCIATES

 

  

BOND FUND—Z CLASS

 

 

  

EMERGING MARKETS

T ROWE PRICE ASSOCIATES

 28,074.30

 

100.00(c)

LOCAL MULTI-SECTOR

    

ACCOUNT PORTFOLIO

 

 

  

EMERGING MARKETS

CHARLES SCHWAB & CO INC

 2,963,602.56

 

8.45

STOCK FUND

REINVEST ACCOUNT

 

  

 

MLPF&S FOR THE SOLE BENEFIT OF

 1,973,385.85

 

5.62

 

ITS CUSTOMERS

 

  

 

NATIONAL FINANCIAL SERVICES

 3,302,547.56

 

9.41

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 6,924,270.42

 

19.73

57

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

EMERGING MARKETS

CHARLES SCHWAB & CO INC

 3,058,883.79

 

6.30

STOCK FUND—I CLASS

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 13,472,171.32

 

27.74(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

TD AMERITRADE INC FBO

 3,475,271.07

 

7.16

 

OUR CUSTOMERS

 

  

EMERGING MARKETS

RETIREMENT I 2030 FUND

 5,868,503.92

 

6.17

STOCK FUND—Z CLASS

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2035 FUND

 5,058,314.93

 

5.32

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2040 FUND

 6,067,971.47

 

6.38

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2040

 8,441,331.36

 

8.88

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2025

 5,544,611.73

 

5.83

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2030

 8,998,791.02

 

9.46

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2035

 6,801,727.15

 

7.15

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2045

 5,361,013.96

 

5.64

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2050

 4,780,719.42

 

5.03

 

T ROWE PRICE ASSOCIATES

 

  

EQUITY INCOME ETF

CITIGROUP GLOBAL MARKETS INC.

 600,000

 

19,39

 

CHARLES SCHWAB & CO INC

 704,186

 

22.75

 

NATIONAL FINANCIAL SERVICES LLC

 332,462

 

10.74

 

PERSHING LLC

 595,232

 

19.23

 

TD AMERITRADE CLEARING, INC.

 543,413

 

17.56

EQUITY INCOME FUND

NATIONAL FINANCIAL SERVICES

 30,172,211.74

 

11.65

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

T ROWE PRICE TRUST CO INC

 19,843,837.10

 

7.66

EQUITY INCOME FUND—

MORGAN STANLEY SMITH BARNEY LLC

 290,507.50

 

6.07

ADVISOR CLASS

FOR THE EXCL BENEFIT OF ITS CUST

 

  

 

NATIONAL FINANCIAL SERVICES

 2,352,187.33

 

49.15(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

EQUITY INCOME FUND—

EDWARD D JONES & CO

 14,994,901.22

 

6.76

I CLASS

FOR THE BENEFIT OF CUSTOMERS

 

  

 

NATIONAL FINANCIAL SERVICES

 14,301,886.86

 

6.44

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

58

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

EQUITY INCOME FUND—

AMERICAN UNITED LIFE

 134,773.00

 

10.03

R CLASS

AMERICAN UNIT TRUST

 

  

 

ATTN SEPARATE ACCOUNTS

 

  

 

INDIANAPOLIS IN 46206-0368

 

  

 

AMERICAN UNITED LIFE

 196,034.31

 

14.59

 

SEPARATE ACCOUNT II

 

  

 

AXA EQUITABLE FOR SA

 68,606.87

 

5.11

 

SECAUCUS NJ 07094-3619

 

  

 

DCGT AS TTEE AND/OR CUST

 74,073.55

 

5.51

 

FBO PLIC VARIOUS RETIREMENT PLANS

 

  

 

HARTFORD LIFE INSURANCE CO

 136,796.89

 

10.18

 

SEPARATE ACCOUNT

 

  

 

ATTN UNIT OPERATIONS

 

  

 

HARTFORD CT 06104-2999

 

  

 

NATIONWIDE TRUST CO FSB

 125,548.78

 

9.35

EQUITY INCOME FUND—

SPECTRUM DIVERSIFIED EQUITY

 11,106,676.41

 

35.37(a)

Z CLASS

T. ROWE PRICE ASSOCIATES

 

  

 

SPECTRUM INCOME FUND

 20,290,412.59

 

64.63(a)

 

T. ROWE PRICE ASSOCIATES

 

  

EQUITY INCOME

AMERICAN UNITED LIFE

 1,049,633.11

 

6.67

PORTFOLIO

AMERICAN UNIT TRUST

 

  

 

AMERICAN UNITED LIFE

 1,328,741.27

 

8.44

 

SEPARATE ACCOUNT II

   

 

LINCOLN BENEFIT LIFE CO

 1,117,948.04

 

7.10

 

LINCOLN BENEFIT VARIABLE LIFE

   
 

PALATINE IL 60094-4210

   

 

MASS MUTUAL LIFE INS CO

 794,427.79

 

5.05

 

ATTN RS FUND OPERATIONS

   
 

SPRINGFIELD MA 01111-0001

   

 

PRUCO LIFE INSURANCE COMPANY

 1,491,039.61

 

9.47

 

FLEXIBLE PREMIUM

   
 

VARIABLE ANNUITY ACCOUNT

   
 

ATTN SEPARATE ACCTS

   
 

NEWARK NJ 07102-2917

   

 

SECURITY BENEFIT LIFE INS CO

 2,469,630.94

 

15.68

 

FBO T ROWE PRICE NO LOAD V A

 

  

EQUITY INCOME

JEFFERSON NATIONAL LIFE INS CO

 786,703.88

 

7.45

PORTFOLIO—II 

NATIONWIDE INSURANCE COMPANY

 576,830.20

 

5.46

 

NATIOWIDE LIFE INSURANCE COMPANY

 1,924,726.78

 

18.23

 

PACIFIC SELECT EXEC

 3,370,509.10

 

31.93(d)

 

SEPARATE ACCOUNT OF PACIFIC LIFE

   

 

SEPARATE ACCOUNT 70 OF THE

 1,149,102.62

 

10.88

 

AXA EQUITABLE LIFE INSURANCE CO

   
 

NEW YORK NY 10104-1472

   

 

SEPARATE ACCOUNT FP OF THE

 813,265.57

 

7.70

 

AXA EQUITABLE LIFE INSURANCE CO

   

EQUITY INDEX 500 FUND

T ROWE PRICE TRUST CO INC

 6,443,733.98

 

11.49

 

ATTN RPS CONTROL DEPT

 

  

 

OWINGS MILLS MD 21117-4842

 

  

 

TD AMERITRADE INC FBO

 4,166,214.60

 

7.43

 

OUR CUSTOMERS

 

  

EQUITY INDEX 500

MARYLAND COLLEGE INVESTMENT PLAN

 3,794,915.64

 

6.28

FUND—I CLASS

EQUITY INDEX 500 PORTFOLIO

   

59

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

EQUITY INDEX 500

RETIREMENT I 2030 FUND

 7,163,073.57

 

6.34

FUND—Z CLASS

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2035 FUND

 6,227,308.21

 

5.51

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2040 FUND

 7,529,771.97

 

6.66

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2045 FUND

 5,835,536.65

 

5.16

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2050 FUND

 5,757,971.45

 

5.10

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2040

 10,242,360.09

 

9.06

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2025

 6,673,278.23

 

5.91

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2030

 10,913,093.08

 

9.66

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2035

 8,392,075.09

 

7.43

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2045

 6,662,517.09

 

5.90

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2050

 5,982,457.80

 

5.29

 

T ROWE PRICE ASSOCIATES

 

  

EQUITY INDEX 500

NYLIAC

 57,653.53

 

6.05

PORTFOLIO

NYLIM CENTER

 

  

 

SECURITY BENEFIT LIFE INS CO

 848,810.17

 

89.00(d)

 

FBO T ROWE PRICE NO LOAD V A

 

  

EUROPEAN STOCK FUND

CHARLES SCHWAB & CO INC

 2,846,578.51

 

12.73

 

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 2,328,206.64

 

10.41

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

EUROPEAN STOCK

CHARLES SCHWAB & CO INC

 861,631.05

 

8.77

FUND—I CLASS

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

EUROPEAN STOCK

SPECTRUM INTERNATIONAL EQUITY

 10,211,169.81

 

100.00(a)

FUND—Z CLASS

FUND

   

 

T ROWE PRICE ASSOCIATES

 

  

EXTENDED EQUITY

TD AMERITRADE INC FBO

 1,850,813.75

 

5.70

MARKET INDEX FUND

OUR CUSTOMERS

 

  

FINANCIAL SERVICES

CHARLES SCHWAB & CO INC

 2,276,464.14

 

8.63

FUND

REINVEST ACCOUNT

 

  

 

LPL FINANCIAL

 2,406,928.82

 

9.12

 

OMNIBUS CUSTOMER ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 3,856,446.25

 

14.61

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

1,985,070.54

 

7.52

FINANCIAL SERVICES

AFFILIATED FM INSURANCE CO.

 2,921,891.89

 

16.09

FUND—I CLASS

JOHNSTON RI 02919-4923

 

  

 

CHARLES SCHWAB & CO INC

 1,193,597.18

 

6.57

 

REINVEST ACCOUNT

 

  

 

T ROWE PRICE SERVICES INC FBO

 1,988,920.56

 

10.95

 

EDUCATION TRUST OF ALASKA

 

  

 

PORTFOLIO FUTURE TRENDS

 

  

 

ATTN DAWN WAGNER FIXED INCOME

 

  
 

BALTIMORE MD 21202-1013

   

60

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

FLOATING RATE ETF

CITIGROUP GLOBAL MARKETS INC.

 400,000

 

72.73(f)

 

TD AMERITRADE CLEARING, INC.

 107,496

 

19.54

FLOATING RATE FUND

CHARLES SCHWAB & CO INC

 12,224,627.14

 

7.35

 

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

 

LPL FINANCIAL

 16,545,531.69

 

9.95

 

OMNIBUS CUSTOMER ACCOUNT

 

  

 

MLPF&S FOR THE SOLE BENEFIT OF

 10,507,082.31

 

6.32

 

ITS CUSTOMERS

 

  

 

MORGAN STANLEY SMITH BARNEY LLC

 13,190,497.61

 

7.93

 

FOR THE EXCL BENEFIT OF ITS CUST

 

  

 

NATIONAL FINANCIAL SERVICES

 31,128,237.91

 

18.72

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 9,712,136.49

 

5.84

 

UBS WM USA

 14,904,994.01

 

8.96

 

SPEC CDY A/C EXL BEN CUSTOMERS

 

  

 

OF UBSFI

 

  

 

WEEHAWKEN NJ 07086-6761

 

  

 

WELLS FARGO CLEARING SERVICES LLC

18,357,837.69

 

11.04

 

SPECIAL CUSTODY ACCT FOR THE

 

  

 

EXCLUSIVE BENEFIT OF CUSTOMERS

 

  

FLOATING RATE FUND—

CHARLES SCHWAB & CO INC

 166,803.25

 

8.72

ADVISOR CLASS

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

 

NATIONAL FINANCIAL SERVICES

 776,032.06

 

40.55(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 134,477.68

 

7.03

 

TD AMERITRADE INC FBO

 602,802.78

 

31.50(b)

 

OUR CUSTOMERS

 

  

FLOATING RATE FUND—

CHARLES SCHWAB & CO INC

 29,339,197.73

 

33.74(b)

I CLASS

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 7,560,676.96

 

8.69

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 6,137,519.33

 

7.06

 

T ROWE PRICE ASSOCIATES

 7,058,854.14

 

8.12

 

TD AMERITRADE INC FBO

 6,480,267.48

 

7.45

 

OUR CUSTOMERS

 

  

FLOATING RATE

RETIREMENT I 2020 FUND

 8,472,282.98

 

5.14

FUND—Z CLASS

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2025 FUND

 10,634,062.55

 

6.45

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2030 FUND

 10,616,850.79

 

6.44

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2020

 17,240,191.38

 

10.46

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2025

 16,418,660.65

 

9.96

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2030

 16,251,576.56

 

9.86

 

T ROWE PRICE ASSOCIATES

 

  

 

SPECTRUM INCOME FUND

 43,694,097.98

 

26.51(a)

 

T. ROWE PRICE ASSOCIATES

 

  

61

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

FLOATING RATE MULTI-

BALTIMORE EQUITABLE SOCIETY

 83,280.08

 

7.20

SECTOR ACCOUNT

ATTN MARY HARLEE

 

  

PORTFOLIO 

GENERAL DYNAMICS CORP 401K

 401,494.66

 

34.70(b)

 

PLAN MASTER TRUST CP

 

  

 

ILLINOIS STUDENT ASSISTANCE

 112,437.57

 

9.72

 

COMMISSION

 

  

 

ATTN ROGER ROJAS

 

  

 

T ROWE PRICE ASSOCIATES

 402,363.02

 

34.77(c)

 

XCEL ENERGY INC.

 157,616.56

 

13.62

 

ATTN GREG ZICK

 

  

 

MINNEAPOLIS MN 55401-1993

 

  

GEORGIA TAX-FREE

CHARLES SCHWAB & CO INC

 1,889,446.57

 

10.26

BOND FUND

REINVEST ACCOUNT

 

  

 

MARIL & CO FBO

 1,228,911.01

 

6.67

 

C/O RELIANCE TRUST COMPANY WI

 

  

 

MILWAUKEE WI 53223-2422

 

  

 

NATIONAL FINANCIAL SERVICES

 6,311,162.81

 

34.27(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

GEORGIA TAX-FREE

CHARLES SCHWAB & CO INC

 2,595,689.12

 

13.17

BOND FUND—I CLASS

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

 

SEI PRIVATE TRUST COMPANY

 7,684,542.11

 

38.98(b)

 

C/O TRUST

 

  

 

OAKS PA 19456-9989

 

  

GLOBAL ALLOCATION

LPL FINANCIAL

 9,215,544.53

 

16.77

FUND

OMNIBUS CUSTOMER ACCOUNT

 

  

 

MORGAN STANLEY SMITH BARNEY LLC

 3,596,712.46

 

6.54

 

FOR THE EXCL BENEFIT OF ITS CUST

 

  

 

NATIONAL FINANCIAL SERVICES

 5,795,909.76

 

10.55

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 3,432,158.12

 

6.24

 

T ROWE PRICE ASSOCIATES

 15,533,327.83

 

28.26(c)

 

UBS WM USA

 2,824,039.49

 

5.14

 

SPEC CDY A/C EXL BEN CUSTOMERS

 

  

 

OF UBSFI

 

  

GLOBAL ALLOCATION

CHARLES SCHWAB & CO INC

 25,602.22

 

6.99

FUND—ADVISOR CLASS

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

 

MLPF&S FOR THE SOLE BENEFIT OF

 22,568.70

 

6.17

 

ITS CUSTOMERS

 

  

 

NATIONAL FINANCIAL SERVICES

 187,113.97

 

51.12(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 49,693.93

 

13.58

GLOBAL ALLOCATION

CHARLES SCHWAB & CO INC

 1,513,166.92

 

8.37

FUND—I CLASS

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

 

CHARLES SCHWAB & CO INC

 4,676,093.31

 

25.87(b)

 

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 2,216,817.24

 

12.26

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

TD AMERITRADE INC FBO

 1,114,918.80

 

6.17

 

OUR CUSTOMERS

 

  

GLOBAL CONSUMER

NATIONAL FINANCIAL SERVICES

 923,191.82

 

26.63(b)

FUND

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

62

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

GLOBAL GROWTH

CHARLES SCHWAB & CO INC

 694,722.96

 

6.39

STOCK FUND

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

 

MLPF&S FOR THE SOLE BENEFIT OF

 1,430,971.80

 

13.16

 

ITS CUSTOMERS

 

  

 

NATIONAL FINANCIAL SERVICES

 1,796,523.11

 

16.52

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 707,572.93

 

6.51

GLOBAL GROWTH STOCK

ASCENSUS TRUST COMPANY FBO

 45,101.49

 

10.41

FUND—ADVISOR CLASS

FARMINGTON ACUTE CARE

 

  
 

EMERGENCY SPE

   

 

FARGO ND 58106-0758

 

  

 

NATIONAL FINANCIAL SERVICES

 232,792.19

 

53.74(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 66,548.25

 

15.36

GLOBAL GROWTH STOCK

CTC FBO

 2,707,946.74

 

14.40

FUND—I CLASS

TEXAS TUITION PROMISE FUND 529

 

  

 

OMAHA NE 68130-2033

 

  

 

NATIONAL FINANCIAL SERVICES

 6,152,102.00

 

32.72(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

WASHINGTON SUBURBAN SANITARY

 981,497.15

 

5.22

 

COMMISSION RETIREE OTHER POST

 

  

 

EMPLOYMENT BENEFIT TRUST

 

  

 

LAUREL MD 20707-5901

 

  

GLOBAL HIGH INCOME

CHARLES SCHWAB & CO INC

 703,467.40

 

10.28

BOND FUND

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 1,236,507.31

 

18.06

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

TD AMERITRADE INC FBO

 539,662.47

 

7.88

 

OUR CUSTOMERS

 

  

GLOBAL HIGH INCOME

CHARLES SCHWAB & CO INC

 5,744.50

 

13.82

BOND FUND—

REINVEST ACCOUNT

 

  

ADVISOR CLASS 

NATIONAL FINANCIAL SERVICES

 10,644.52

 

25.60(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 19,051.26

 

45.82(b)

 

TD AMERITRADE INC FBO

 6,130.71

 

14.75

 

OUR CUSTOMERS

 

  

GLOBAL HIGH INCOME

CHARLES SCHWAB & CO INC

 2,827,327.74

 

11.71

BOND FUND—I CLASS 

MAC & CO

 1,441,581.89

 

5.97

 

MAC & CO

 2,018,706.80

 

8.36

 

MAC & CO

 1,330,055.63

 

5.51

 

MAC & CO

 1,605,848.22

 

6.65

 

BLK SMA

 

  

 

NATIONAL FINANCIAL SERVICES

 6,527,369.56

 

27.04(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

GLOBAL IMPACT EQUITY

NATIONAL FINANCIAL SERVICES

 93,713.55

 

7.13

FUND

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

T ROWE PRICE ASSOCIATES

 675,000.00

 

51.35(c)

63

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

GLOBAL IMPACT EQUITY

EDUCATION TRUST OF ALASKA

190,945.37

 

24.81

FUND—I CLASS

GLOBAL IMPACT EQUITY PORTFOLIO

 

  

 

C/O T ROWE PRICE ASSOCIATES

 

  

 

ATTN FIXED INCOME

 

  

 

ERIC C MOFFETT

 142,573.66

 

18.52

 

MIRI C MOFFETT JT TEN

 

  

 

T ROWE PRICE RPS INC

 55,285.07

 

7.18

 

FBO TRP PLAN

 

  

 

GLOBAL IMPACT EQUITY-I

 

  

GLOBAL INDUSTRIALS

CHARLES SCHWAB & CO INC

 595,850.75

 

11.46

FUND

REINVEST ACCOUNT

 

  

 

LPL FINANCIAL

 697,974.31

 

13.42

 

OMNIBUS CUSTOMER ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 896,784.50

 

17.24

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 265,548.08

 

5.11

 

UBS WM USA

 830,647.16

 

15.97

 

SPEC CDY A/C EXL BEN CUSTOMERS

 

  

 

OF UBSFI

 

  

GLOBAL INDUSTRIALS

NATIONAL FINANCIAL SERVICES

 1,671,125.16

 

30.52(b)

FUND—I CLASS

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

SUTTER HEALTH

 2,185,118.62

 

39.91(b)

 

SACRAMENTO CA 95833-4134

 

  

GLOBAL MULTI-SECTOR

CHARLES SCHWAB & CO INC

 6,108,617.25

 

8.78

BOND FUND

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

 

LPL FINANCIAL

 5,551,320.32

 

7.98

 

OMNIBUS CUSTOMER ACCOUNT

 

  

 

MORGAN STANLEY SMITH BARNEY LLC

 6,334,385.96

 

9.11

 

FOR THE EXCL BENEFIT OF ITS CUST

 

  

 

NATIONAL FINANCIAL SERVICES

 8,911,164.25

 

12.81

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 5,723,130.76

 

8.23

 

RAYMOND JAMES

 4,520,817.35

 

6.50

 

OMNIBUS FOR MUTUAL FUNDS

 

  

 

TD AMERITRADE INC FBO

 3,925,371.48

 

5.64

 

OUR CUSTOMERS

 

  

GLOBAL MULTI-SECTOR

CHARLES SCHWAB & CO INC

 76,098.99

 

5.53

BOND FUND— ADVISOR

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

CLASS 

NATIONAL FINANCIAL SERVICES

 811,131.83

 

58.91(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

GLOBAL MULTI-SECTOR

CHARLES SCHWAB & CO INC

 11,061,367.82

 

19.14

BOND FUND—I CLASS

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 5,344,163.22

 

9.25

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 8,229,495.04

 

14.24

64

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

GLOBAL REAL ESTATE

CHARLES SCHWAB & CO INC

 321,068.05

 

10.09

FUND

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 187,111.08

 

5.88

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

TD AMERITRADE INC FBO

 375,945.15

 

11.82

 

OUR CUSTOMERS

 

  

GLOBAL REAL ESTATE

EMPOWER ANNUITY INSURANCE

 43,661.41

 

16.80

FUND—ADVISOR CLASS

FBO FUTURE FUNDS II

 

  

 

GREENWOOD VLG CO 80111-5002

 

  

 

EMPOWER TRUST FBO

 15,113.34

 

5.81

 

EMPLOYEE BENEFITS CLIENTS 401K - FG

 

  

 

EMPOWER TRUST FBO

 104,181.94

 

40.08(b)

 

EMPLOYEE BENEFITS CLIENTS 401K

 

  

 

LINCOLN RETIREMENT SERVICES

 14,717.20

 

5.66

 

COMPANY

   

 

FORT WAYNE IN 46801-7876

 

  

 

LINCOLN RETIREMENT SERVICES

 15,644.75

 

6.02

 

COMPANY

   

 

FBO PAL DEFERRED COMPENSATION

 

  
 

PLAN

   

GLOBAL REAL ESTATE

CHARLES SCHWAB & CO INC

 96,972.80

 

5.72

FUND—I CLASS

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 176,092.78

 

10.39

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

T ROWE PRICE RPS INC

 115,328.57

 

6.80

 

FBO TRP PLAN

 

  

 

TRP GLOBAL REAL ESTATE I

 

  

GLOBAL STOCK FUND

CHARLES SCHWAB & CO INC

 2,795,957.17

 

5.20

 

REINVEST ACCOUNT

 

  

 

LPL FINANCIAL

 5,058,028.96

 

9.41

 

OMNIBUS CUSTOMER ACCOUNT

 

  

 

MORGAN STANLEY SMITH BARNEY LLC

 4,781,162.25

 

8.89

 

FOR THE EXCL BENEFIT OF ITS CUST

 

  

 

NATIONAL FINANCIAL SERVICES

 13,026,600.29

 

24.23

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 8,266,313.04

 

15.38

GLOBAL STOCK FUND—

MORGAN STANLEY SMITH BARNEY LLC

 47,258.93

 

5.37

ADVISOR CLASS

FOR THE EXCL BENEFIT OF ITS CUST

 

  

 

UMB BANK N/A

 607,057.75

 

68.92(b)

 

FBO FIDUCIARY FOR VARIOUS

 

  

 

RETIREMENT PROGRAMS

 

  

GLOBAL STOCK FUND—

AFFILIATED FM INSURANCE CO.

 2,990,295.34

 

6.14

I CLASS 

CHARLES SCHWAB & CO INC

 5,251,057.46

 

10.78

 

REINVEST ACCOUNT

 

  

 

EDWARD D JONES & CO

 7,156,924.87

 

14.70

 

FOR THE BENEFIT OF CUSTOMERS

 

  

 

FACTORY MUTUAL INSURANCE CO

 5,732,816.32

 

11.77

 

JOHNSTON RI 02919-4923

 

  

 

NATIONAL FINANCIAL SERVICES

 5,753,220.11

 

11.82

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

TD AMERITRADE INC FBO

 3,723,862.55

 

7.65

 

OUR CUSTOMERS

 

  

65

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

GLOBAL TECHNOLOGY

CHARLES SCHWAB & CO INC

 12,670,201.14

 

7.15

FUND

REINVEST ACCOUNT

 

  

 

MORGAN STANLEY SMITH BARNEY LLC

 10,129,652.60

 

5.72

 

FOR THE EXCLSIVE BENE OF ITS CUST

 

  

 

NATIONAL FINANCIAL SERVICES

 20,540,497.63

 

11.60

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

TD AMERITRADE INC FBO

 9,388,543.63

 

5.30

 

OUR CUSTOMERS

 

  

GLOBAL TECHNOLOGY

NATIONAL FINANCIAL SERVICES

 6,770,722.97

 

7.03

FUND—I CLASS

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

GLOBAL VALUE EQUITY

CHARLES SCHWAB & CO INC

 311,294.31

 

5.16

FUND

REINVEST ACCOUNT

 

  

 

PERSHING LLC

 5,047,819.42

 

83.69(b)

GLOBAL VALUE EQUITY

CHARLES SCHWAB & CO INC

 124,018.91

 

8.95

FUND—I CLASS

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

 

T ROWE PRICE ASSOCIATES

 679,149.29

 

48.99(c)

 

T ROWE PRICE RPS INC

 200,295.07

 

14.45

 

FBO TRP PLAN

 

  

 

GLOBAL VALUE EQUITY I CLASS

 

  

GNMA FUND

CHARLES SCHWAB & CO INC

 1,903,325.25

 

5.60

 

REINVEST ACCOUNT

 

  

GNMA FUND—Z CLASS

SPECTRUM INCOME FUND

 65,285,403.11

 

100.00(a)

 

T. ROWE PRICE ASSOCIATES

 

  

GOVERNMENT MONEY

T ROWE PRICE ASSOCIATES INC

 744,000,228.28

 

9.85

FUND

 

 

  

GOVERNMENT RESERVE

JPMORGAN CHASE BANK AS AGENT

 1,843,608,869.70

 

12.55

FUND

FOR INSTITUTIONAL FUNDS

 

  

 

ATTN AMANDA MORLEY

 

  

 

NEWARK DE 19713-2105

 

  

 

SEAMILE & CO

 2,256,461,426.15

 

15.36

 

C/O T ROWE PRICE ASSOC

 

  

 

ATTN CAPITAL APPREC FUND

 

  

 

BALTIMORE MD 21202-1009

 

  

 

SHERBET & CO

 842,116,283.37

 

5.73

 

C/O T ROWE PRICE ASSOC

 

  

 

ATTN DIVIDEND GROWTH FUND

 

  

 

BALTIMORE MD 21202-1009

 

  

 

TUNA & COMPANY

 1,247,376,595.90

 

8.49

 

C/O T ROWE PRICE ASSOC

 

  

 

ATTN NEW INCOME FUND

 

  

 

BALTIMORE MD 21202-1009

 

  

GROWTH STOCK ETF

CITIGROUP GLOBAL MARKETS INC.

 600,000

 

34.29(f)

 

CHARLES SCHWAB & CO INC

 327,029

 

18.69

 

NATIONAL FINANCIAL SERVICES LLC

 138,430

 

7.91

 

PERSHING LLC

 327,012

 

18.69

 

TD AMERITRADE CLEARING, INC.

 116,213

 

6.64

GROWTH STOCK FUND

CHARLES SCHWAB & CO INC

 12,538,089.69

 

7.51

 

REINVEST ACCOUNT

 

  

 

LPL FINANCIAL

 9,728,335.08

 

5.82

 

OMNIBUS CUSTOMER ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 23,154,997.30

 

13.86

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

T ROWE PRICE TRUST CO INC

 22,706,523.00

 

13.59

66

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

GROWTH STOCK FUND—

NATIONAL FINANCIAL SERVICES

 1,804,746.18

 

7.47

ADVISOR CLASS

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

NATIONWIDE LIFE INSURANCE CO

 1,764,012.29

 

7.30

 

NATIONWIDE LIFE INSURANCE CO

 3,718,556.51

 

15.39

 

VANTAGETRUST - UNITIZED

 7,710,208.12

 

31.91(b)

 

C/O ICMA RETIREMENT CORPORATION

 

  

 

WASHINGTON DC 20002-4239

 

  

GROWTH STOCK FUND—

CHARLES SCHWAB & CO INC

 10,140,312.29

 

5.53

I CLASS

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

 

CHARLES SCHWAB & CO INC

 12,791,483.24

 

6.97

 

SAN FRANCISCO CA 94104-4151

 

  

 

NATIONAL FINANCIAL SERVICES

 17,861,435.85

 

9.74

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

GROWTH STOCK FUND—

AXA EQUITABLE FOR SA

 1,031,639.26

 

10.81

R CLASS 

HARTFORD LIFE INSURANCE CO

 661,295.24

 

6.93

 

SEPARATE ACCOUNT

 

  

 

STATE STREET BANK AND TRUST AS

 1,426,639.91

 

14.95

 

TRUSTEE AND/OR CUSTODIAN

 

  

 

FBO ADP ACCESS PRODUCT

 

  

 

UMB BANK N/A

 1,210,372.48

 

12.68

 

FBO FIDUCIARY FOR TAX DEFERRED

 

  

 

ACCOUNTS

 

  

 

UMB BANK N/A

 1,198,626.21

 

12.56

 

FBO FIDUCIARY FOR TAX DEFERRED

 

  

 

ACCOUNTS GROUP

 

  

GROWTH STOCK

RETIREMENT I 2030 FUND

 17,186,945.25

 

6.35

FUND—Z CLASS

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2035 FUND

 15,034,930.31

 

5.56

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2040 FUND

 17,937,437.38

 

6.63

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2045 FUND

 13,582,877.67

 

5.02

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2040

 24,221,407.29

 

8.95

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2025

 16,126,347.64

 

5.96

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2030

 26,110,004.52

 

9.65

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2035

 19,682,772.60

 

7.28

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2045

 15,569,334.28

 

5.76

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2050

 14,112,977.94

 

5.22

 

T ROWE PRICE ASSOCIATES

 

  

67

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

HEALTH SCIENCES FUND

CHARLES SCHWAB & CO INC

 6,968,808.02

 

6.27

 

REINVEST ACCOUNT

 

  

 

JOHN HANCOCK LIFE

 5,958,976.24

 

5.36

 

INSURANCE CO USA

 

  

 

ATTN JHRPS TRADING OPS

 

  

 

BOSTON MA 02116-5022

 

  

 

LPL FINANCIAL

 6,765,132.92

 

6.08

 

OMNIBUS CUSTOMER ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 14,405,193.00

 

12.95

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 6,699,794.34

 

6.02

HEALTH SCIENCES

CHARLES SCHWAB & CO INC

 4,631,541.70

 

7.06

FUND—I CLASS

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 3,779,537.20

 

5.76

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

HEALTH SCIENCES

AMERICAN NATIONAL GROUP

 148,395.96

 

5.37

PORTFOLIO

UNALLOCATED VA CORP

 

  
 

ATTN JOHN BURCHETT

   
 

8TH FLOOR CONTROLLERS DEPT

   
 

GALVESTON TX 77550-7947

   

 

MODERN WOODMEN OF AMERICA

 683,504.42

 

24.73(d)

 

ATTN MUTUAL FUNDS ACCTG

   

 

NATIONWIDE LIFE AND ANNUITY

 800,115.58

 

28.95(d)

 

INSURANCE COMPANY

 

  
 

COLUMBUS OH 43218-2029

   
 

SECURITY BENEFIT LIFE INS CO

 568,773.76

 

20.58(d)

 

FBO T ROWE PRICE NO LOAD V A

   

HEALTH SCIENCES

MIDLAND NATIONAL LIFE INSURANCE CO

 546,487.82

 

5.11

PORTFOLIO—II 

NATIONWIDE LIFE INSURANCE COMPANY

 549,500.90

 

5.14

 

NATIONWIDE LIFE INSURANCE COMPANY

 639,781.92

 

5.98

 

NATIONWIDE LIFE INSURANCE COMPANY

 5,812,545.74

 

54.32(d)

HIGH YIELD FUND

CHARLES SCHWAB & CO INC

 13,728,427.31

 

7.05

 

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 16,677,419.34

 

8.57

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

HIGH YIELD FUND—

CHARLES SCHWAB & CO INC

 223,275.32

 

7.12

ADVISOR CLASS

REINVEST ACCOUNT

 

  

 

MORGAN STANLEY SMITH BARNEY LLC

 161,761.18

 

5.16

 

FOR THE EXCL BENEFIT OF ITS CUST

 

  

 

NATIONAL FINANCIAL SERVICES

 1,653,554.56

 

52.75(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

VOYA INSTITUTIONAL TRUST COMPANY

 181,376.16

 

5.79

 

WINDSOR CT 06095-4774

 

  

HIGH YIELD FUND—

EDWARD D JONES & CO

 220,842,279.23

 

49.29(b)

I CLASS

FOR THE BENEFIT OF CUSTOMERS

 

  

 

FUBON LIFE INSURANCE CO.

 30,158,160.42

 

6.73

 

LTD.-FIXED INCOME

 

  

 

TAIPEI, 105

 

  

68

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

HIGH YIELD FUND—

RETIREMENT I 2020 FUND

 28,826,322.96

 

5.13

Z CLASS

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2025 FUND

 35,004,960.63

 

6.22

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2030 FUND

 34,095,399.92

 

6.06

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2020

 58,590,313.39

 

10.42

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2025

 54,231,213.52

 

9.64

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2030

 51,885,875.02

 

9.23

 

T ROWE PRICE ASSOCIATES

 

  

 

SPECTRUM INCOME FUND

 161,387,992.75

 

28.70(a)

 

T. ROWE PRICE ASSOCIATES

 

  

HIGH YIELD MULTI-SECTOR

BALTIMORE EQUITABLE SOCIETY

 114,323.21

 

11.24

ACCOUNT PORTFOLIO

ATTN MARY HARLEE

 

  

 

GENERAL DYNAMICS CORP 401K

 562,884.28

 

55.37(b)

 

PLAN MASTER TRUST CP

 

  

 

ILLINOIS STUDENT ASSISTANCE

 154,149.19

 

15.16

 

COMMISSION

 

  

 

ATTN ROGER ROJAS

 

  

 

T ROWE PRICE ASSOCIATES

 185,314.46

 

18.23

INFLATION PROTECTED

NATIONAL FINANCIAL SERVICES

 6,008,551.46

 

22.55

BOND FUND

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

T ROWE PRICE RPS INC

 1,530,503.34

 

5.74

 

OMNIBUS ACCOUNT

 

  

 

INFLATION PROTECTED BOND

 

  

INFLATION PROTECTED

CHARLES SCHWAB & CO INC

 1,448,481.37

 

6.11

BOND FUND—I CLASS

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 1,283,358.53

 

5.41

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

INFLATION PROTECTED

T ROWE PRICE ASSOCIATES

 7,722.01

 

100.00(c)

BOND FUND—Z CLASS

 

 

  

INSTITUTIONAL EMERGING

CAPINCO C/O US BANK NA

 4,766,711.72

 

8.58

MARKETS BOND FUND

MILWAUKEE WI 53212-3958

 

  

 

EMPOWER TRUST FBO

 6,428,168.88

 

11.58

 

RECORDKEEPING FOR VARIOUS BENEFIT

 

  

 

HORIZONDECK & CO

 6,151,413.69

 

11.08

 

C/O T ROWE PRICE ASSOC

 

  

 

ATTN GLOBAL ALLOCATION FUND

 

  

 

LADYBIRD & CO

 16,987,601.38

 

30.59(a)

 

LADYBUG & CO

 10,375,093.05

 

18.68

 

LAKESIDE & CO

 6,008,743.82

 

10.82

 

C/O T ROWE PRICE ASSOC

 

  

 

BALTIMORE MD 21202-1009

 

  

69

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

INSTITUTIONAL EMERGING

GOLDMAN SACHS & CO

 5,378,243.33

 

19.94

MARKETS EQUITY FUND

EXCLUSIVE BENEFIT OF CUSTOMERS

 

  

 

NEW YORK NY 10004-2434

 

  

 

LADYBIRD & CO

 1,745,466.15

 

6.47

 

LADYBUG & CO

 2,711,268.08

 

10.05

 

LAKESIDE & CO

 5,417,693.74

 

20.09

 

NATIONAL FINANCIAL SERVICES

 2,536,643.45

 

9.41

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

WELLS FARGO BANK NA FBO

 3,015,961.51

 

11.18

 

OMNIBUS ACCOUNT CASH/CASH

 

  

 

MINNEAPOLIS MN 55480-1533

 

  

INSTITUTIONAL FLOATING

CHARLES SCHWAB & CO INC

 49,607,753.24

 

11.83

RATE FUND

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

 

NATIONAL FINANCIAL SERVICES

 84,520,464.97

 

20.16

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

SEAMILE & CO

 82,709,340.66

 

19.73

 

C/O T ROWE PRICE ASSOC

 

  

 

ATTN CAPITAL APPREC FUND

 

  

 

WELLS FARGO BANK NA FBO

 33,987,087.66

 

8.11

 

OMNIBUS ACCOUNT CASH/CASH

 

  

INSTITUTIONAL FLOATING

LPL FINANCIAL

 5,104,111.52

 

11.40

RATE FUND—F CLASS

OMNIBUS CUSTOMER ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 30,791,374.99

 

68.78(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

TD AMERITRADE INC FBO

 3,878,800.70

 

8.66

 

OUR CUSTOMERS

 

  

INSTITUTIONAL FLOATING

TUNA AND COMPANY

 4,403,801.92

 

100.00(b)

RATE FUND—Z CLASS

C/O T ROWE PRICE ASSOCIATES INC

 

  

 

ATTN NEW INCOME FUND

 

  

INSTITUTIONAL HIGH

BREAD & CO

 26,831,678.98

 

12.57

YIELD FUND

C/O T ROWE PRICE ASSOC

 

  

 

ATTN BALANCED FUND

 

  

 

BALTIMORE MD 21202-1009

 

  

 

FACTORY MUTUAL INSURANCE CO

 20,871,738.24

 

9.78

 

GOLDMAN SACHS & CO

 16,375,646.56

 

7.67

 

EXCLUSIVE BENEFIT OF CUSTOMERS

 

  

 

LADYBIRD & CO

 11,832,302.23

 

5.54

 

NATIONAL FINANCIAL SERVICES

 45,232,347.37

 

21.19

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

INSTITUTIONAL

CHARLES SCHWAB & CO INC

 3,175,795.04

 

17.81

INTERNATIONAL

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

DISCIPLINED EQUITY FUND 

COLUMBIA TRUST PARTNERS

 1,175,668.31

 

6.59

 

SALEM OR 97308-1012

 

  

 

J.P. MORGAN SECURITIES LLC

 1,016,028.49

 

5.70

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

BROOKLYN NY 11245-0003

 

  

 

NATIONAL FINANCIAL SERVICES

 9,264,980.88

 

51.94(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

70

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

INSTITUTIONAL LARGE-CAP

MAC & CO

 3,566,471.80

 

5.63

CORE GROWTH FUND

FBO HIGHMARK HEALTH AHN

 

  

 

NATIONAL FINANCIAL SERV CORP

 20,292,521.62

 

32.02(b)

 

FOR EXCLUSIVE BENEFIT OF OUR

 

  

 

CUSTOMERS

 

  

 

RUSS LENNON

 

  

 

VANGUARD FIDUCIARY TRUST COMPANY

 3,994,627.56

 

6.30

 

T ROWE INSTITUTIONAL CLASS

 

  

 

ATTN OUTSIDE FUNDS/SCOTT GELLERT

 

  

 

VALLEY FORGE PA 19482-2600

 

  

INSTITUTIONAL LONG

BAND & CO C/O US BANK NA

 1,025,197.45

 

19.01

DURATION CREDIT FUND

MILWAUKEE WI 53212-3958

 

  

 

CHARLES SCHWAB & CO INC

 3,170,218.88

 

58.78(b)

 

REINVEST ACCOUNT

 

  

 

CHILDRENS HOME SOCIETY OF NJ

 858,286.04

 

15.91

 

PENSION FUND

 

  

 

C/O BRUNO CELLUCCI

 

  

 

TRENTON NJ 08611-1831

 

  

INSTITUTIONAL MID-CAP

CHARLES SCHWAB & CO INC

 7,008,728.60

 

8.31

EQUITY GROWTH FUND

REINVEST ACCOUNT

 

  

 

KY PUBLIC EMP DEF COMP AUTHORITY

 6,189,030.46

 

7.34

 

C/O NATIONWIDE AS CUSTODIAN &

 

  

 

RECORDKEEPER

 

  

 

IPO PORTFOLIO ACCOUNTING

 

  

 

COLUMBUS OH 43218-2029

 

  

 

NATIONAL FINANCIAL SERVICES

 24,340,002.00

 

28.87(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

THE STATE OF WISC DEF COMP BRD TTEE

 8,555,576.16

 

10.15

 

STATE OF WISCONSIN DCP

 

  

 

C/O FASCORE

 

  

 

GREENWOOD VLG CO 80111-5002

 

  

 

VANGUARD FIDUCIARY TRUST COMPANY

 6,425,052.80

 

7.62

 

T ROWE INSTITUTIONAL CLASS

 

  

INSTITUTIONAL SMALL-CAP

NATIONAL FINANCIAL SERVICES

 45,386,900.34

 

25.34(b)

STOCK FUND

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

NORTHERN TRUST COMPANY TR

 19,742,827.04

 

11.02

 

FBO PFIZER SAVINGS AND

 

  

 

INVESTMENT PLAN

 

  

 

CHICAGO IL 60675-0001

 

  

 

STATE OF MINNESOTA

 33,476,288.60

 

18.69

 

FBO MINNESOTA STATE RETIREMENT

 

  
 

SYST

   

 

GREENWOOD VLG CO 80111-5002

 

  

 

T ROWE PRICE RPS INC.

 17,393,376.82

 

9.71

 

OMNIBUS

 

  

 

INSTL SMALL CAP STOCK

 

  

 

VANGUARD FIDUCIARY TRUST COMPANY

 30,573,883.57

 

17.07

 

T ROWE INSTITUTIONAL CLASS

 

  

INTEGRATED GLOBAL

CHARLES SCHWAB & CO INC

172,192.80

 

19.19

EQUITY FUND

REINVEST ACCOUNT

   

 

T ROWE PRICE ASSOCIATES

359,799.55

 

40.09(c)

INTEGRATED GLOBAL

T ROWE PRICE ASSOCIATES

25,000.00

 

100.00(c)

EQUITY FUND—

    

ADVISOR CLASS

    

71

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

INTEGRATED GLOBAL

PORT OF SEATTLE POLICE RMT 401 PLAN

51,743.62

 

5.55

EQUITY FUND—I CLASS

C/O ICMA RETIREMENT CORPORATION

   

 

WASHINGTON DC 20002-4239

   

 

PORT OF SEATTLE WA

389,434.26

 

41.75(b)

 

C/O ICMA RETIREMENT CORPORATION

   

 

WASHINGTON DC 20002-4239

   

 

T ROWE PRICE RPS INC

47,151.73

 

5.05

 

FBO TRP PLAN

 

  

 

QM GLOBAL EQUITY FUND I

 

  

INTEGRATED U.S. LARGE-

CHARLES SCHWAB & CO INC

318,932.68

 

25.11(b)

CAP VALUE EQUITY FUND

REINVEST ACCOUNT

   

INTEGRATED U.S. LARGE-

PERSHING LLC

6,433.73

 

36.80(b)

CAP VALUE EQUITY FUND—

T ROWE PRICE ASSOCIATES

11,050.00

 

63.20(c)

ADVISOR CLASS

    

INTEGRATED U.S. LARGE-

T ROWE PRICE RPS INC

114,112.58

 

14.28

CAP VALUE EQUITY

FBO TRP PLAN

 

  

FUND—I CLASS

QM US VALUE EQUITY FUND I

 

  

INTEGRATED U.S. SMALL-

LPL FINANCIAL

9,770,644.30

 

10.01

CAP GROWTH EQUITY

OMNIBUS CUSTOMER ACCOUNT

   

FUND 

MLPF&S FOR THE SOLE BENEFIT OF

5,332,856.26

 

5.46

 

ITS CUSTOMERS

   

 

MORGAN STANLEY SMITH BARNEY LLC

10,925,255.93

 

11.19

 

FOR THE EXCL BENEFIT OF ITS CUST

   

 

NATIONAL FINANCIAL SERVICES

15,540,687.09

 

15.92

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

5,992,538.37

 

6.14

 

WELLS FARGO CLEARING SERVICES LLC

6,462,646.36

 

6.62

 

SPECIAL CUSTODY ACCT FOR THE

   

 

EXCLUSIVE BENEFIT OF CUSTOMERS

   

INTEGRATED U.S. SMALL-

JOHN HANCOCK TRUST COMPANY LLC

118,386.69

 

23.57

CAP GROWTH EQUITY

BOSTON MA 02116-5022

   

FUND—ADVISOR CLASS

NATIONAL FINANCIAL SERVICES

92,546.93

 

18.43

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

UMB BANK CUSTODIAN

246,729.78

 

49.13(b)

 

SECURITY FINANCIAL RESOURCES

   

 

TOPEKA KS 66636-0001

   

INTEGRATED U.S. SMALL-

CHARLES SCHWAB & CO INC

15,158,456.25

 

16.12

CAP GROWTH EQUITY

EDWARD D JONES & CO

5,939,570.85

 

6.32

FUND—I CLASS

FOR THE BENEFIT OF CUSTOMERS

   

 

MAC & CO

13,972,489.31

 

14.86

 

NATIONAL FINANCIAL SERVICES

14,222,882.04

 

15.13

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

PERSHING LLC

5,199,286.66

 

5.53

INTEGRATED U.S. SMALL-

LPL FINANCIAL

2,147,294.74

 

29.27(b)

MID CAP CORE EQUITY

OMNIBUS CUSTOMER ACCOUNT

   

FUND 

PERSHING LLC

928,935.59

 

12.66

INTEGRATED U.S. SMALL-

CHARLES SCHWAB & CO INC

2,176.05

 

8.98

MID CAP CORE EQUITY

SPECIAL CUSTODY A/C FBO CUSTOMERS

   

FUND—ADVISOR CLASS

PERSHING LLC

8,949.34

 

36.91(b)

 

T ROWE PRICE ASSOCIATES

9,460.00

 

39.02(c)

72

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

INTEGRATED U.S. SMALL-

CHARLES SCHWAB & CO INC

1,344,140.07

 

12.57

MID CAP CORE EQUITY

SPECIAL CUSTODY A/C FBO CUSTOMERS

   

FUND—I CLASS 

HORIZONDECK & CO

2,917,764.85

 

27.30(a)

 

C/O T ROWE PRICE ASSOCIATES INC

   

 

TRP GAF - QM SMID EQUITY

 

  

 

NATIONAL FINANCIAL SERVICES

562,394.33

 

5.26

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

2,462,207.28

 

23.03

INTERMEDIATE TAX-FREE

CHARLES SCHWAB & CO INC

 750,541.04

 

35.11(b)

HIGH YIELD FUND

REINVEST ACCOUNT

 

  

 

LPL FINANCIAL

 255,896.14

 

11.97

 

OMNIBUS CUSTOMER ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 221,278.93

 

10.35

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

INTERMEDIATE TAX-FREE

INTERACTIVE BROKERS LLC

 0.102

 

100.00(b)

HIGH YIELD FUND—

GREENWICH CT 06830-5576

 

  

ADVISOR CLASS

    

INTERMEDIATE TAX-FREE

CHARLES SCHWAB & CO INC

 2,249,761.56

 

37.13(b)

HIGH YIELD FUND—I CLASS

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

 

CINDY PATTERSON

 730,944.42

 

12.06

 

VANGUARD BROKERAGE SERVICES

 449,108.25

 

7.41

INTERNATIONAL BOND

CHARLES SCHWAB & CO INC

 811,177.41

 

8.27

FUND (USD HEDGED)

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 760,920.22

 

7.76

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 1,692,041.27

 

17.25

INTERNATIONAL BOND

PERSHING LLC

 27,392.89

 

72.70(b)

FUND (USD HEDGED)—

T ROWE PRICE ASSOCIATES

 10,287.50

 

27.30(c)

ADVISOR CLASS

    

INTERNATIONAL BOND

EDWARD D JONES & CO

 85,898,846.53

 

53.45(b)

FUND (USD HEDGED)—

FOR THE BENEFIT OF CUSTOMERS

 

  

I CLASS 

LADYBIRD & CO

 13,775,841.95

 

8.57

 

LADYBUG & CO

 10,486,828.46

 

6.53

 

NATIONAL FINANCIAL SERVICES

 15,928,378.01

 

9.91

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 10,342,026.53

 

6.44

INTERNATIONAL BOND

RETIREMENT I 2020 FUND

 30,896,063.84

 

5.69

FUND (USD HEDGED)—

T ROWE PRICE ASSOCIATES

 

  

Z CLASS

RETIREMENT I 2025 FUND

 41,163,849.04

 

7.58

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2030 FUND

 45,646,712.45

 

8.40

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2020

 63,157,859.98

 

11.63

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2025

 63,676,585.00

 

11.72

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2030

 69,851,712.14

 

12.86

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2035

 30,760,958.37

 

5.66

 

T ROWE PRICE ASSOCIATES

 

  

 

SPECTRUM INCOME FUND

 40,249,458.16

 

7.41

 

T. ROWE PRICE ASSOCIATES

 

  

73

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

INTERNATIONAL BOND

CHARLES SCHWAB & CO INC

 3,513,359.25

 

10.19

FUND

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 4,456,110.10

 

12.92

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

INTERNATIONAL BOND

MORGAN STANLEY SMITH BARNEY LLC

 71,933.51

 

16.05

FUND—ADVISOR CLASS

FOR THE EXCL BENEFIT OF ITS CUST

   

 

NATIONAL FINANCIAL SERVICES

 64,248.32

 

14.34

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

TD AMERITRADE INC FBO

 147,666.30

 

32.95(b)

 

OUR CUSTOMERS

 

  

 

VOYA INSTITUTIONAL TRUST COMPANY

 40,106.17

 

8.95

INTERNATIONAL BOND

CHARLES SCHWAB & CO INC

 3,719,963.98

 

6.16

FUND—I CLASS

REINVEST ACCOUNT

 

  

 

EDWARD D JONES & CO

 3,099,397.57

 

5.13

 

FOR THE BENEFIT OF CUSTOMERS

 

  

 

HORIZONDECK & CO

 3,980,927.36

 

6.59

 

C/O T ROWE PRICE ASSOC

 

  

 

ATTN GLOBAL ALLOCATION FUND

 

  

 

NATIONAL FINANCIAL SERVICES

 3,941,889.03

 

6.53

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 7,182,242.01

 

11.89

 

TD AMERITRADE INC FBO

 23,502,820.50

 

38.92(b)

 

OUR CUSTOMERS

 

  

INTERNATIONAL BOND

SPECTRUM INCOME FUND

 41,191,142.74

 

100.00(a)

FUND—Z CLASS

T. ROWE PRICE ASSOCIATES

 

  

INTERNATIONAL

CHARLES SCHWAB & CO INC

 2,411,461.96

 

36.97(b)

DISCIPLINED EQUITY FUND

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 1,815,200.03

 

27.83(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

RAYMOND JAMES

 950,837.37

 

14.58

 

OMNIBUS FOR MUTUAL FUNDS

 

  

INTERNATIONAL

EMPOWER TRUST FBO

 21,024.94

 

6.41

DISCIPLINED EQUITY

EMPLOYEE BENEFITS CLIENTS 401K

 

  

FUND—ADVISOR CLASS

FIIOC AS AGENT

 74,338.54

 

22.67

 

FBO DENTAL ASSOCIATES OF WALPOLE

 

  

 

401K PROFIT SHARING PLAN & TRUST

 

  

 

COVINGTON KY 41015-1987

 

  

 

FIIOC AS AGENT

 57,474.19

 

17.53

 

PRO TOOL & SUPPLY, INC AND

 

  

 

PRO EQUIPMENT RENTAL, INC 401K

 

  

 

NATIONAL FINANCIAL SERVICES

 139,363.22

 

42.51(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

INTERNATIONAL

CHARLES SCHWAB & CO INC

 9,154,883.11

 

39.01(b)

DISCIPLINED EQUITY

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

FUND—I CLASS 

MAC & CO

 4,356,406.58

 

18.56

 

NATIONAL FINANCIAL SERVICES

 1,617,936.90

 

6.89

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 3,140,733.55

 

13.38

 

TD AMERITRADE INC FBO

 1,190,617.24

 

5.07

 

OUR CUSTOMERS

 

  

74

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

INTERNATIONAL

CHARLES SCHWAB & CO

 2,643,903.91

 

5.48

DISCOVERY FUND

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 13,211,378.66

 

27.38(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 7,639,167.23

 

15.83

INTERNATIONAL

CHARLES SCHWAB & CO INC

 4,669,674.88

 

7.97

DISCOVERY FUND—

REINVEST ACCOUNT

 

  

I CLASS 

EDWARD D JONES & CO

 12,527,504.96

 

21.38

 

FOR THE BENEFIT OF CUSTOMERS

 

  

 

NATIONAL FINANCIAL SERVICES

 13,351,200.20

 

22.79

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

INTERNATIONAL

SPECTRUM DIVERSIFIED EQUITY

 1,228,542.39

 

55.22(a)

DISCOVERY FUND—

T. ROWE PRICE ASSOCIATES

 

  

Z CLASS 

SPECTRUM INTERNATIONAL EQUITY

 996,307.06

 

44.78(a)

 

FUND

   

 

T ROWE PRICE ASSOCIATES

 

  

INTERNATIONAL EQUITY

MARYLAND COLLEGE INVESTMENT PLAN

 8,290,664.42

 

16.71

INDEX FUND

GLOBAL EQUITY MARKET INDEX

   

 

NATIONAL FINANCIAL SERVICES

 2,577,881.67

 

5.19

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

INTERNATIONAL EQUITY

RETIREMENT BLEND 2020 FUND

 331,910.11

 

6.99

INDEX FUND—Z CLASS

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT BLEND 2025 FUND

 546,467.89

 

11.52

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT BLEND 2030 FUND

 646,723.89

 

13.63

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT BLEND 2035 FUND

 761,594.21

 

16.05

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT BLEND 2040 FUND

 738,975.45

 

15.57

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT BLEND 2045 FUND

 603,979.45

 

12.73

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT BLEND 2050 FUND

 508,064.97

 

10.71

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT BLEND 2055 FUND

 256,980.97

 

5.42

 

T ROWE PRICE ASSOCIATES

 

  

INTERNATIONAL STOCK

CHARLES SCHWAB & CO INC

 7,126,436.34

 

7.39

FUND

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 8,328,259.74

 

8.63

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

T ROWE PRICE TRUST CO INC

 5,008,365.71

 

5.19

INTERNATIONAL STOCK

CHARLES SCHWAB & CO INC

 119,903.16

 

15.79

FUND—ADVISOR CLASS

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 232,804.59

 

30.65(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

WELLS FARGO CLEARING SERVICES LLC

 44,056.86

 

5.80

 

SPECIAL CUSTODY ACCT FOR THE

 

  

 

EXCLUSIVE BENEFIT OF CUSTOMERS

 

  

INTERNATIONAL STOCK

EDWARD D JONES & CO

 117,283,180.72

 

57.75(b)

FUND—I CLASS

FOR THE BENEFIT OF CUSTOMERS

 

  

75

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

INTERNATIONAL STOCK

AMERICAN UNITED LIFE

 78,733.44

 

18.80

FUND—R CLASS

SEPARATE ACCOUNT II

 

  

 

AXA EQUITABLE FOR SA

 36,216.38

 

8.65

 

CAPITAL BANK & TRUST COMPANY TTEE

 28,564.93

 

6.82

 

PATTCO LLC 401K

 

  

 

GREENWOOD VLG CO 80111-5002

 

  

 

DCGT AS TTEE AND/OR CUST FBO PLIC

 125,138.90

 

29.88(b)

 

VARIOUS RETIREMENT PLANS OMNIBUS

 

  

INTERNATIONAL STOCK

RETIREMENT I 2030 FUND

 30,457,213.71

 

6.12

FUND—Z CLASS

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2035 FUND

 26,533,776.57

 

5.33

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2040 FUND

 32,088,132.41

 

6.44

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2040

 43,007,587.89

 

8.64

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2025

 28,538,174.26

 

5.73

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2030

 46,399,546.87

 

9.32

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2035

 34,786,656.63

 

6.99

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2045

 27,410,895.01

 

5.51

 

T ROWE PRICE ASSOCIATES

 

  

INTERNATIONAL STOCK

FARM BUREAU LIFE INS CO

 1,249,181.91

 

7.37

PORTFOLIO

ATTN MUTUAL FUND ACCOUNTING

 

  
 

WEST DES MOINES IA 50266-5997

 

  

 

NYLIAC

 1,388,264.15

 

8.19

 

NYLIM CENTER

 

  

 

PRUCO LIFE INSURANCE COMPANY

 4,033,867.43

 

23.80(d)

 

PLAZ LIFE

   

 

SECURITY BENEFIT LIFE INS CO

 1,207,870.11

 

7.13

 

FBO T ROWE PRICE NO LOAD V A

 

  

 

TRANSAMERICA LIFE INSURANCE

 2,372,674.06

 

14.00

 

COMPANY

 

  

 

WRL SERIES LIFE CORPORATE ACCOUNT

 

  
 

CEDAR RAPIDS IA 52499-3830

   

INTERNATIONAL VALUE

LPL FINANCIAL

 3,459,928.72

 

12.90

EQUITY FUND

OMNIBUS CUSTOMER ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 3,769,760.32

 

14.05

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

RAYMOND JAMES

 2,391,839.11

 

8.92

 

OMNIBUS FOR MUTUAL FUNDS

 

  

 

WELLS FARGO CLEARING SERVICES LLC

 2,700,104.51

 

10.07

 

SPECIAL CUSTODY ACCT FOR THE

 

  

 

EXCLUSIVE BENEFIT OF CUSTOMERS

 

  

76

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

INTERNATIONAL VALUE

EMPOWER TRUST FBO

 101,916.90

 

5.25

EQUITY FUND—

EMPLOYEE BENEFITS CLIENTS 401K

 

  

ADVISOR CLASS 

NATIONAL FINANCIAL SERVICES

 101,948.03

 

5.25

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

NATIONWIDE TRUST CO FSB

 105,581.72

 

5.44

 

FBO PARTICIPATING RETIREMENT PLANS

 

  

 

STATE STREET BANK AND TRUST AS

 1,111,792.77

 

57.28(b)

 

TRUSTEE AND/OR CUSTODIAN

 

  

 

FBO ADP ACCESS PRODUCT

 

  

INTERNATIONAL VALUE

MARYLAND COLLEGE INVESTMENT

 3,578,376.67

 

6.34

EQUITY FUND—I CLASS

PLAN EQUITY PORTFOLIO

 

  

 

T ROWE PRICE FUND ACCOUNTING

 

  

 

PERSHING LLC

 3,472,356.99

 

6.15

 

TD AMERITRADE INC FBO

 10,517,624.61

 

18.63

 

OUR CUSTOMERS

 

  

INTERNATIONAL VALUE

DCGT AS TTEE AND/OR CUST FBO PLIC

 130,676.89

 

5.84

EQUITY FUND—R CLASS

VARIOUS RETIREMENT PLANS OMNIBUS

 

  

 

SAMMONS FINANCIAL NETWORK LLC

 1,126,952.77

 

50.37(b)

 

STATE STREET BANK AND TRUST AS

 635,204.13

 

28.39(b)

 

TRUSTEE AND/OR CUSTODIAN

 

  

 

FBO ADP ACCESS PRODUCT

 

  

INTERNATIONAL VALUE

RETIREMENT I 2030 FUND

 37,192,651.39

 

6.04

EQUITY FUND—Z CLASS

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2035 FUND

 32,536,705.84

 

5.29

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2040 FUND

 39,373,090.54

 

6.40

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2040

 53,550,999.34

 

8.70

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2025

 35,040,478.86

 

5.69

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2030

 57,023,021.08

 

9.26

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2035

 43,559,346.60

 

7.08

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2045

 34,465,784.94

 

5.60

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2050

 30,996,403.03

 

5.04

 

T ROWE PRICE ASSOCIATES

 

  

INVESTMENT-GRADE

ALLEN & COMPANY

 884,678.16

 

13.56

CORPORATE MULTI-

NEW YORK NY 10022-3168

 

  

SECTOR ACCOUNT

BALTIMORE EQUITABLE SOCIETY

 787,878.39

 

12.08

PORTFOLIO

ATTN MARY HARLEE

 

  

 

GENERAL DYNAMICS CORP 401K

 3,785,915.85

 

58.04(b)

 

PLAN MASTER TRUST CP

 

  

 

ILLINOIS STUDENT ASSISTANCE

 1,064,636.60

 

16.32

 

COMMISSION

 

  

 

ATTN ROGER ROJAS

 

  

JAPAN FUND

CHARLES SCHWAB & CO INC

 1,298,740.05

 

6.49

 

REINVEST ACCOUNT

 

  

 

MORGAN STANLEY SMITH BARNEY LLC

 8,716,268.18

 

43.58(b)

 

FOR THE EXCL BENEFIT OF ITS CUST

 

  

 

NATIONAL FINANCIAL SERVICES

 1,340,688.91

 

6.70

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

77

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

JAPAN FUND—I CLASS

CHARLES SCHWAB & CO INC

 849,658.14

 

13.28

 

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

 

J.P. MORGAN SECURITIES LLC

 428,271.04

 

6.69

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

NATIONAL FINANCIAL SERVICES

 656,602.35

 

10.26

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

S KENNETH LEECH

 666,499.85

 

10.42

 

EILEEN STUECK LEECH JT TEN

 

  

JAPAN FUND—Z CLASS

SPECTRUM INTERNATIONAL EQUITY

 6,591,716.48

 

100.00(a)

 

FUND

   

 

T ROWE PRICE ASSOCIATES

 

  

LARGE-CAP GROWTH FUND

LPL FINANCIAL

 1,929,174.72

 

40.00(b)

 

OMNIBUS CUSTOMER ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 388,439.72

 

8.05

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

T ROWE PRICE RPS INC

 1,227,976.83

 

25.46(e)

 

OMNIBUS ACCOUNT

 

  

 

TRP LARGE CAP GROWTH - INV CLASS

 

  
 

FUND

   

LARGE-CAP GROWTH

CHARLES SCHWAB & CO INC

 16,518,253.35

 

5.52

FUND—I CLASS

REINVEST ACCOUNT

 

  

 

EDWARD D JONES & CO

 38,064,651.07

 

12.73

 

FOR THE BENEFIT OF CUSTOMERS

 

  

 

NATIONAL FINANCIAL SERVICES

 73,143,252.34

 

24.46

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

TIAA, FSB CUST/TTEE FBO

 18,879,283.85

 

6.31

 

RETIREMENT PLANS FOR WHICH

 

  

 

TIAA ACTS AS RECORDKEEPER

 

  

 

ATTN TRUST OPERATIONS

 

  

 

SAINT LOUIS MO 63102-2748

 

  

LARGE-CAP VALUE FUND

CHARLES SCHWAB & CO INC

 252,182.69

 

5.57

 

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 1,058,805.20

 

23.40

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 247,095.23

 

5.46

 

VANGUARD FIDUCIARY TRUST COMPANY

 878,950.76

 

19.42

 

T ROWE PRICE RETAIL CLASS FUNDS

 

  

 

ATTN OUTSIDE FUNDS

 

  

LARGE-CAP VALUE

MAC & CO

 13,467,115.78

 

9.35

FUND—I CLASS

ATTN MUTUAL FUND OPERATION

 

  

 

NATIONAL FINANCIAL SERVICES

 56,934,827.80

 

39.54(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

TIAA, FSB CUST/TTEE FBO

 27,556,708.27

 

19.14

 

RETIREMENT PLANS FOR WHICH

 

  

 

TIAA ACTS AS RECORDKEEPER

 

  

LATIN AMERICA FUND

CHARLES SCHWAB & CO INC

 1,373,203.06

 

9.23

 

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 1,630,689.99

 

10.96

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

78

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

LATIN AMERICA FUND—

T ROWE PRICE RPS INC

 483,392.42

 

10.33

I CLASS

FBO TRP PLAN

 

  

 

TRP LATIN AMERICA I

 

  

 

WASHINGTON & CO C/O US BANK NA

 397,964.37

 

8.51

 

MILWAUKEE WI 53212-3958

 

  

LATIN AMERICA FUND—

SPECTRUM INTERNATIONAL EQUITY

 842,986.57

 

100.00(a)

Z CLASS

FUND

   

 

T ROWE PRICE ASSOCIATES

 

  

LIMITED DURATION

CHARLES SCHWAB & CO INC

 4,189,872.10

 

14.17

INFLATION FOCUSED

REINVEST ACCOUNT

 

  

BOND FUND

LPL FINANCIAL

 2,553,104.89

 

8.64

 

NATIONAL FINANCIAL SERVICES

 2,634,725.31

 

8.91

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 6,019,361.31

 

20.36

LIMITED DURATION

PERSHING LLC

 11,169,997.96

 

5.74

INFLATION FOCUSED

T ROWE PRICE SERVICES INC FBO

 10,964,871.08

 

5.63

BOND FUND—I CLASS

EDUCATION TRUST OF ALASKA

 

  

 

PORTFOLIO 2025-2028

 

  

 

T ROWE PRICE SERVICES INC FBO

 54,950,102.82

 

28.24(b)

 

EDUCATION TRUST OF ALASKA

 

  

 

ENROLLMENT PORTFOLIO

 

  

 

T ROWE PRICE SERVICES INC FBO

 81,904,488.99

 

42.09(b)

 

EDUCATION TRUST OF ALASKA

 

  

 

PORTFOLIO 2021-2024

 

  

LIMITED DURATION

RETIREMENT I 2020 FUND

 116,640,219.66

 

9.03

INFLATION FOCUSED

T ROWE PRICE ASSOCIATES

 

  

BOND FUND—Z CLASS

RETIREMENT I 2025 FUND

 119,780,085.15

 

9.28

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT INCOME PORTFOLIO

 68,943,418.64

 

5.34

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2010

 82,433,558.26

 

6.39

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2015

 108,041,267.99

 

8.37

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2020

 236,982,526.17

 

18.36

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2025

 185,620,855.58

 

14.38

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2030

 88,313,684.32

 

6.84

 

T ROWE PRICE ASSOCIATES

 

  

LIMITED-TERM BOND

EMPOWER ANNUITY INSURANCE

 3,051,280.61

 

8.86

PORTFOLIO

COMPANY OF AMERICA

 

  
 

CLIENT PLANS

 

  

 

GREAT-WEST LIFE & ANNUITY INS CO

 

  

 

JPMORGAN CHASE BANK CUST FBO

 11,673,712.71

 

33.90(d)

 

INTELLIGENT VARIABLE ANNUITY

 

  

 

TIAA-CREF LIFE SEP A/C VA-1 OF

 

  
 

TIAA-CREF LIFE INSURANCE CO

   
 

CHARLOTTE NC 28262-8551

   

 

NATIONWIDE INSURANCE COMPANY

 5,650,690.02

 

16.41

 

NATIONWIDE LIFE INSURANCE COMPANY

 1,916,445.97

 

5.57

 

SECURITY BENEFIT LIFE INS CO

 2,064,415.67

 

5.99

 

FBO T ROWE PRICE NO LOAD V A

 

  

 

TRANSAMERICA LIFE INSURANCE CO

 2,910,693.73

 

8.45

 

EM PRIVATE PLACEMENT ADVANTAGE V

 

  

79

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

LIMITED-TERM BOND

JEFFERSON NATIONAL

 3,441,878.51

 

96.35(d)

PORTFOLIO—II

LIFE INS CO

   

MARYLAND SHORT-TERM

CHARLES SCHWAB & CO INC

 2,268,131.18

 

17.65

TAX-FREE BOND FUND

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 1,376,453.39

 

10.71

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

 2,427,141.85

 

18.89

 

TD AMERITRADE INC FBO

 757,042.25

 

5.89

 

OUR CUSTOMERS

 

  

MARYLAND TAX-FREE

CHARLES SCHWAB & CO INC

 9,338,488.69

 

9.30

BOND FUND

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 19,238,669.74

 

19.17

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

MARYLAND TAX-FREE

SAXON & CO

 6,779,665.48

 

5.53

BOND FUND—I CLASS

CLEVELAND OH 44101-4597

 

  

MARYLAND TAX-FREE

LPL FINANCIAL

 1,044,879.10

 

5.06

MONEY FUND

OMNIBUS CUSTOMER ACCOUNT

 

  

 

RBC CAPITAL MARKETS, LLC

 1,450,024.18

 

7.02

 

MUTUAL FUND OMNIBUS PROCESSING

 

  

 

ATTN MUTUAL FUND OPS MANAGER

 

  

 

MINNEAPOLIS MN 55401-1931

 

  

MARYLAND TAX-FREE

ARNOLD SAGNER AGENT POA

 5,809,100.70

 

7.34

MONEY FUND—I CLASS

MONICA SAGNER TR

 

  

 

MONICA SAGNER REVOCABLE TRUST

 

  

 

BARBARA T TICE T O D

 6,114,513.98

 

7.73

 

MARY JOHN MILLER

 11,124,685.77

 

14.06

 

JAMES D MILLER JT TEN

 

  

MID-CAP GROWTH FUND

CHARLES SCHWAB & CO INC

 8,419,261.48

 

6.48

 

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERV CORP

 23,092,862.91

 

17.79

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

T ROWE PRICE TRUST CO

 22,328,700.05

 

17.20

 

ATTN ASSET RECONCILIATIONS

 

  

 

WELLS FARGO CLEARING SERVICES LLC

 12,444,740.84

 

9.58

 

SPECIAL CUSTODY ACCT FOR THE

 

  

 

EXCLUSIVE BENEFIT OF CUSTOMERS

 

  

MID-CAP GROWTH FUND—

CHARLES SCHWAB & CO INC

 144,128.07

 

5.28

ADVISOR CLASS

REINVEST ACCOUNT

 

  

 

DCGT AS TTEE AND/OR CUST

 140,774.80

 

5.16

 

FBO PLIC VARIOUS RETIREMENT PLANS

 

  

 

LINCOLN RETIREMENT SERVICES

 155,561.91

 

5.70

 

COMPANY

   

 

FBO UNIVERSITY HOSPITAL 401K PLAN

 

  

 

MATRIX TRUST COMPANY CUST FBO

 157,250.57

 

5.76

 

VERMEER CORPORATION 401(K) RETIRE

 

  

 

NATIONAL FINANCIAL SERVICES

 1,025,193.52

 

37.56(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

MID-CAP GROWTH

CHARLES SCHWAB & CO INC

 15,316,602.48

 

12.72

FUND—I CLASS

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

 15,323,819.01

 

12.73

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

80

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

MID-CAP GROWTH

AMERICAN UNITED LIFE

 51,647.72

 

14.08

FUND—R CLASS

SEPARATE ACCOUNT II

 

  

 

EMPOWER TRUST COMPANY LLC

 28,843.74

 

7.86

 

VARIOUS FASCORE LLC RECORDKEPT

 

  

 

EMPOWER TRUST FBO

 22,350.44

 

6.09

 

RECORDKEEPING FOR VARIOUS BENEFIT

 

  

 

NATIONAL FINANCIAL SERVICES

 44,325.39

 

12.08

 

NATIONWIDE TRUST CO FSB

 34,585.53

 

9.43

 

STATE STREET BANK AND TRUST AS

 25,079.32

 

6.84

 

TRUSTEE AND/OR CUSTODIAN

 

  

 

FBO ADP ACCESS PRODUCT

 

  

 

VOYA RETIREMENT INS & ANNUITY CO

 60,588.02

 

16.52

 

WINDSOR CT 06095-4774

 

  

MID-CAP GROWTH

RETIREMENT I 2030 FUND

 3,243,721.66

 

6.44

FUND—Z CLASS

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2035 FUND

 2,777,110.69

 

5.51

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2040 FUND

 3,362,815.72

 

6.67

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2040

 4,465,085.02

 

8.86

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2025

 3,073,603.69

 

6.10

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2030

 4,895,083.36

 

9.71

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2035

 3,590,231.72

 

7.12

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2045

 2,797,519.02

 

5.55

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2050

 2,536,497.46

 

5.03

 

T ROWE PRICE ASSOCIATES

 

  

MID-CAP GROWTH

C M LIFE INSURANCE CO

 2,064,281.65

 

12.78

PORTFOLIO

ATTN FUND OPERATIONS

 

  

 

SPRINGFIELD MA 01111-0001

 

  

 

FARM BUREAU LIFE INS CO

 926,294.00

 

5.74

 

ATTN MUTUAL FUND ACCOUNTING

 

  

 

M M L BAYSTATE LIFE INS CO

 1,624,476.61

 

10.06

 

ATTN RS FUND OPERATIONS

 

  
 

SPRINGFIELD MA 01111-0001

   

 

MASS MUTUAL LIFE INS CO

 2,117,267.30

 

13.11

 

ATTN FUND OPERATIONS

 

  
 

MODERN WOODMEN OF AMERICA

 3,170,617.08

 

19.63

 

ATTN MUTUAL FUNDS ACCTG

   

 

SECURITY BENEFIT LIFE INS CO

 2,360,778.63

 

14.62

 

FBO T ROWE PRICE NO LOAD V A

 

  

MID-CAP GROWTH

LINCOLN NATIONAL LIFE INS CO

 178,818.10

 

8.55

PORTFOLIO—II

ATTN CAMMIE KLINE

 

  

 

FORT WAYNE IN 46802-3506

 

  

 

NATIONWIDE INSURANCE COMPANY

 1,231,472.01

 

58,87(d)

 

NATIONWIDE LIFE INSURANCE COMPANY

 653,737.07

 

31.25(d)

MID-CAP INDEX FUND

T ROWE PRICE ASSOCIATES

 12,131.23

 

100.00(c)

81

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

MID-CAP INDEX FUND—

EDUCATION TRUST OF ALASKA

 483,975.28

 

7.98

I CLASS

ACT PORTFOLIO

 

  

 

C/O T ROWE PRICE ASSOCIATES

 

  

 

EDUCATION TRUST OF ALASKA

 2,415,163.88

 

39.80(b)

 

TOTAL EQUITY MARKET INDEX

 

  
 

PORTFOLIO

   

 

C/O T ROWE PRICE ASSOCIATES

 

  

 

MARYLAND COLLEGE INVESTMENT PLAN

 1,127,375.05

 

18.58

 

EXTENDED EQUITY INDEX PORTFOLIO

 

  

 

MARYLAND COLLEGE INVESTMENT PLAN

 1,730,603.44

 

28.52(b)

 

GLOBAL EQUITY MARKET INDEX

 

  

MID-CAP INDEX FUND—

RETIREMENT BLEND 2020 FUND

 81,222.64

 

6.99

Z CLASS

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT BLEND 2025 FUND

 134,865.65

 

11.61

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT BLEND 2030 FUND

 159,021.91

 

13.69

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT BLEND 2035 FUND

 187,566.80

 

16.15

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT BLEND 2040 FUND

 181,209.78

 

15.60

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT BLEND 2045 FUND

 146,005.64

 

12.57

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT BLEND 2050 FUND

 124,008.23

 

10.68

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT BLEND 2055 FUND

 62,395.04

 

5.37

 

T ROWE PRICE ASSOCIATES

 

  

MID-CAP VALUE FUND

CHARLES SCHWAB & CO INC

7,104,204.56 

 

5.08

 

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

22,888,585.61 

 

16.36

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

T ROWE PRICE RPS INC

11,178,234.65 

 

7.99

 

PLAN OMNIBUS ACCT

 

  

 

NEW BUSINESS GROUP

 

  

MID-CAP VALUE FUND—

DCGT AS TTEE AND/OR CUST FBO PLIC

 128,222.60

 

5.26

ADVISOR CLASS

VARIOUS RETIREMENT PLANS OMNIBUS

 

  

 

EMPOWER TRUST COMPANY LLC

 171,347.77

 

7.02

 

RECORDKEEPING FOR LARGE BENEFIT PL

 

  

 

LINCOLN RETIREMENT SERVICES

 163,746.47

 

6.71

 

COMPANY

   

 

FBO CAROLINAEAST MEDICAL CENTER

 

  

 

NATIONAL FINANCIAL SERVICES

 470,959.57

 

19.30

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

STATE STREET BANK AND TRUST AS

 409,275.66

 

16.77

 

TRUSTEE AND/OR CUSTODIAN

 

  

 

FBO ADP ACCESS PRODUCT

 

  

MID-CAP VALUE FUND—

CHARLES SCHWAB & CO INC

 8,886,997.49

 

5.75

I CLASS

EDWARD D JONES & CO

 9,366,599.42

 

6.06

 

FOR THE BENEFIT OF CUSTOMERS

 

  

 

NATIONAL FINANCIAL SERVICES

 20,807,326.47

 

13.46

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

82

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

MID-CAP VALUE FUND—

NATIONWIDE TRUST CO FSB

 1,825,645.09

 

42.70(b)

R CLASS

STATE STREET BANK AND TRUST AS

 1,711,745.43

 

40.04(b)

 

TRUSTEE AND/OR CUSTODIAN

 

  

 

FBO ADP ACCESS PRODUCT

 

  

MID-CAP VALUE FUND—

RETIREMENT I 2030 FUND

 9,178,661.88

 

6.14

Z CLASS

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2035 FUND

 8,009,084.94

 

5.36

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2040 FUND

 9,637,247.81

 

6.45

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2040

 13,337,879.52

 

8.93

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2025

 8,879,963.37

 

5.94

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2030

 14,348,156.94

 

9.60

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2035

 10,858,454.41

 

7.27

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2045

 8,471,557.88

 

5.67

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2050

 7,619,030.51

 

5.10

 

T ROWE PRICE ASSOCIATES

 

  

MODERATE ALLOCATION

AMERICAN NATIONAL GROUP

 508,627.78

 

5.70

PORTFOLIO

UNALLOCATED VA CORP

 

  

 

ATTN JOHN BURCHETT

 

  
 

8TH FLOOR CONTROLLERS DEPT

   

 

FARM BUREAU LIFE INS CO

 913,093.96

 

10.22

 

ATTN MUTUAL FUND ACCOUNTING

 

  
 

MODERN WOODMEN OF AMERICA

 2,031,298.68

 

22.74

 

ATTN PRODUCT VALUATION

   
 

PARAGON LIFE INSURANCE CO

 1,207,539.15

 

13.52

 

SECURITY BENEFIT LIFE INS CO

 1,619,345.10

 

18.13

 

FBO T ROWE PRICE NO LOAD V A

 

  

MORTGAGE-BACKED

ALLEN & COMPANY

 1,297,885.24

 

9.03

SECURITIES MULTI-SECTOR

BALTIMORE EQUITABLE SOCIETY

 1,320,843.23

 

9.19

ACCOUNT PORTFOLIO

ATTN MARY HARLEE

 

  

 

GENERAL DYNAMICS CORP 401K

 6,318,837.23

 

43.98(b)

 

PLAN MASTER TRUST CP

 

  

 

ILLINOIS STUDENT ASSISTANCE

 1,790,685.44

 

12.46

 

COMMISSION

 

  

 

ATTN ROGER ROJAS

 

  

 

XCEL ENERGY INC.

 3,639,690.37

 

25.33(b)

 

ATTN GREG ZICK

 

  

MULTI-STRATEGY TOTAL

CHARLES SCHWAB & CO INC

 427,983.41

 

12.10

RETURN FUND

SPECIAL CUSTODY A/C FBO CUSTOMERS

 

  

 

LPL FINANCIAL

498,778.63

 

14.10

 

OMNIBUS CUSTOMER ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

368,522.88

 

10.42

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

490,969.00

 

13.88

 

TD AMERITRADE INC FBO

414,838.93

 

11.73

 

OUR CUSTOMERS

 

  

 

VANGUARD BROKERAGE SERVICES

283,635.55

 

8.02

83

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

MULTI-STRATEGY TOTAL

HORIZONDECK & CO

3,026,953.63

 

9.29

RETURN FUND—I CLASS

C/O T ROWE PRICE ASSOCIATES INC

 

  

 

ATTN TRP GLOBAL ALLOCATION FUND

 

  

 

LADYBIRD & CO

10,579,655.20

 

32.49(a)

 

LADYBUG & CO

8,130,163.98

 

24.97

 

LAKESIDE & CO

7,699,372.55

 

23.64

NEW ASIA FUND

CHARLES SCHWAB & CO INC

6,608,191.18

 

8.59

 

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

10,759,863.90

 

13.99

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

NEW ASIA FUND—I CLASS

CHARLES SCHWAB & CO INC

7,491,488.83

 

8.54

 

REINVEST ACCOUNT

 

  

 

J.P. MORGAN SECURITIES LLC

26,835,048.00

 

30.60(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

MITRA & CO FBO VA

6,020,310.38

 

6.87

 

MILWAUKEE WI 53223-2422

 

  

NEW ASIA FUND—Z CLASS

SPECTRUM INTERNATIONAL

11,050,315.77

 

100.00(a)

 

EQUITY FUND

   

 

T ROWE PRICE ASSOCIATES

 

  

NEW ERA FUND

CHARLES SCHWAB & CO INC

1,920,768.01

 

5.66

 

REINVEST ACCOUNT

 

  

 

LPL FINANCIAL

1,733,626.99

 

5.11

 

OMNIBUS CUSTOMER ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

3,532,213.85

 

10.41

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

WELLS FARGO CLEARING SERVICES LLC

1,739,537.05

 

5.12

 

SPECIAL CUSTODY ACCT FOR THE

 

  

 

EXCLUSIVE BENEFIT OF CUSTOMERS

 

  

NEW ERA FUND—I CLASS

NATIONAL FINANCIAL SERVICES

14,775,344.05

 

37.28(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

TD AMERITRADE INC FBO

3,465,117.06

 

8.74

 

OUR CUSTOMERS

 

  

NEW HORIZONS FUND

CHARLES SCHWAB & CO INC

10,711,218.29

 

5.29

 

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

41,601,777.88

 

20.54

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

T ROWE PRICE TRUST CO INC

32,320,912.66

 

15.96

NEW HORIZONS FUND—

NATIONAL FINANCIAL SERVICES

45,634,918.55

 

19.86

I CLASS

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

84

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

NEW HORIZONS FUND—

RETIREMENT I 2030 FUND

2,537,268.62

 

6.22

Z CLASS

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2035 FUND

2,163,403.49

 

5.31

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2040 FUND

2,611,601.02

 

6.41

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2045 FUND

2,037,795.66

 

5.00

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2040

3,501,683.22

 

8.59

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2025

2,350,248.46

 

5.76

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2030

3,815,323.68

 

9.36

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2035

2,838,202.36

 

6.96

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2045

2,265,012.76

 

5.56

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2050

2,075,375.14

 

5.09

 

T ROWE PRICE ASSOCIATES

 

  

NEW INCOME FUND

NATIONAL FINANCIAL SERVICES

6,031,287.37

 

5.91

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

5,712,396.33

 

5.60

 

T ROWE PRICE TRUST CO INC

8,759,546.60

 

8.58

NEW INCOME FUND—

EMPOWER TRUST FBO

96,486.80

 

8.40

ADVISOR CLASS

EMPLOYEE BENEFITS CLIENTS 401K

 

  

 

MORGAN STANLEY SMITH BARNEY LLC

101,259.44

 

8.82

 

FOR THE EXCL BENEFIT OF ITS CUST

 

  

 

NATIONAL FINANCIAL SERVICES

69,863.72

 

6.08

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

PERSHING LLC

175,445.99

 

15.28

 

STATE STREET BANK AND TRUST AS

60,788.21

 

5.29

 

TRUSTEE AND/OR CUSTODIAN

 

  

 

FBO ADP ACCESS PRODUCT

 

  

 

VANTAGEPOINT ROTH IRA

60,405.76

 

5.26

 

VANTAGEPOINT TRADITIONAL IRA

260,983.68

 

22.72

NEW INCOME FUND—

EDUCATION TRUST OF ALASKA

25,006,305.96

 

7.71

I CLASS

PORTFOLIO 2024

 

  

 

C/O T ROWE PRICE ASSOCIATES

 

  

 

EDWARD D JONES & CO

20,548,618.28

 

6.33

 

FOR THE BENEFIT OF CUSTOMERS

 

  

 

PERSHING LLC

33,103,152.68

 

10.20

 

T ROWE PRICE SERVICES INC FBO

31,246,542.32

 

9.63

 

EDUCATION TRUST OF ALASKA

 

  

 

PORTFOLIO FOR EDUCATION TODAY

 

  

NEW INCOME FUND—

DCGT AS TTEE AND/OR CUST FBO PLIC

14,913.96

 

10.72

R CLASS

VARIOUS RETIREMENT PLANS OMNIBUS

 

  

 

MATRIX TRUST COMPANY CUST FBO

17,122.61

 

12.30

 

FAMILY HOME OFFICE LLC 401(K) PLAN

 

  

 

NATIONWIDE TRUST CO FSB

19,468.66

 

13.99

 

STATE STREET BANK AND TRUST AS

70,776.72

 

50.85(b)

 

TRUSTEE AND/OR CUSTODIAN

 

  

 

FBO ADP ACCESS PRODUCT

 

  

85

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

NEW INCOME FUND—

RETIREMENT I 2020 FUND

84,812,427.02

 

5.76

Z CLASS

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2025 FUND

112,512,484.49

 

7.64

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT I 2030 FUND

125,174,508.78

 

8.50

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2020

174,573,315.23

 

11.86

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2025

175,398,360.81

 

11.92

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2030

192,596,936.91

 

13.09

 

T ROWE PRICE ASSOCIATES

 

  

 

RETIREMENT PORTFOLIO 2035

82,213,560.20

 

5.59

 

T ROWE PRICE ASSOCIATES

 

  

 

SPECTRUM INCOME FUND

99,642,098.85

 

6.77

 

T. ROWE PRICE ASSOCIATES

 

  

NEW JERSEY TAX-FREE

CHARLES SCHWAB & CO INC

1,164,638.41

 

6.29

BOND FUND

REINVEST ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

7,487,989.48

 

40.44(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

NEW JERSEY TAX-FREE

SAXON & CO

1,106,826.34

 

9.44

BOND FUND—I CLASS

    

NEW YORK TAX-FREE

CHARLES SCHWAB & CO INC

1,509,782.55

 

7.65

BOND FUND

REINVEST ACCOUNT

   

 

MLPF&S FOR THE SOLE BENEFIT OF

1,035,700.99

 

5.25

 

ITS CUSTOMERS

   

 

NATIONAL FINANCIAL SERVICES

2,313,266.20

 

11.72

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

TD AMERITRADE INC FBO

1,026,540.02

 

5.20

 

OUR CUSTOMERS

   

NEW YORK TAX-FREE

CHARLES SCHWAB & CO INC

1,586,570.42

 

7.62

BOND FUND—I CLASS

SPECIAL CUSTODY A/C FBO CUSTOMERS

   

OVERSEAS STOCK FUND

NATIONAL FINANCIAL SERVICES

31,613,727.31

 

7.17

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

RAYMOND JAMES

74,597,152.10

 

16.91

 

OMNIBUS FOR MUTUAL FUNDS

   

 

WELLS FARGO CLEARING SERVICES LLC

239,217,670.51

 

54.24(b)

 

SPECIAL CUSTODY ACCT FOR THE

   

 

EXCLUSIVE BENEFIT OF CUSTOMERS

   

OVERSEAS STOCK FUND—

NATIONAL FINANCIAL SERVICES

36,840,795.42

 

93.88(b)

ADVISOR CLASS

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

OVERSEAS STOCK

CHARLES SCHWAB & CO INC

34,011,343.64

 

7.60

FUND—I CLASS

SPECIAL CUSTODY A/C FBO CUSTOMERS

   

 

CHARLES SCHWAB & CO INC

36,075,122.23

 

8.06

 

EDWARD D JONES & CO

59,188,335.77

 

13.22

 

FOR THE BENEFIT OF CUSTOMERS

   

 

NATIONAL FINANCIAL SERVICES

80,480,646.44

 

17.98

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

WELLS FARGO BANK NA FBO

28,482,866.98

 

6.36

 

OMNIBUS CASH

   

86

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

OVERSEAS STOCK

RETIREMENT I 2030 FUND

55,198,021.00

 

6.30

FUND—Z CLASS

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2035 FUND

48,293,711.31

 

5.51

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2040 FUND

58,232,735.17

 

6.64

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2045 FUND

44,493,886.96

 

5.07

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2040

78,620,425.81

 

8.97

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2025

52,479,574.99

 

5.99

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2030

85,053,963.78

 

9.70

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2035

63,932,424.18

 

7.29

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2045

50,109,433.12

 

5.71

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2050

44,957,096.92

 

5.13

 

T ROWE PRICE ASSOCIATES

 

  

QM U.S. BOND ETF

CITIGROUP GLOBAL MARKETS INC.

400,000

 

42.11(f)

 

CHARLES SCHWAB & CO INC

228,470

 

24.05

 

U.S. BANK N/A

270,843

 

28.51

 

MILWAUKEE, WI 53226

 

  

QM U.S. BOND INDEX FUND

CHARLES SCHWAB & CO INC

7,065,106.15

 

10.68

 

REINVEST ACCOUNT

   

 

LPL FINANCIAL

5,331,530.57

 

8.06

 

OMNIBUS CUSTOMER ACCOUNT

 

  

 

NATIONAL FINANCIAL SERVICES

16,836,319.61

 

25.46(b)

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

QM U.S. BOND INDEX

EDUCATION TRUST OF ALASKA

9,673,353.12

 

17.49

FUND—I CLASS

ACT PORTFOLIO

   

 

C/O T ROWE PRICE ASSOCIATES

   

 

T ROWE PRICE CHARITABLE

2,980,003.51

 

5.39

 

BALANCED INDEX POOL

   

QM U.S. BOND INDEX

RETIREMENT BLEND 2015 FUND

249,265.12

 

5.61

FUND—Z CLASS

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT BLEND 2020 FUND

871,606.37

 

19.62

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT BLEND 2025 FUND

1,199,277.35

 

27.00(a)

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT BLEND 2030 FUND

939,432.62

 

21.15

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT BLEND 2035 FUND

612,091.45

 

13.78

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT BLEND 2040 FUND

233,007.99

 

5.25

 

T ROWE PRICE ASSOCIATES

   

REAL ASSETS FUND

NATIONAL FINANCIAL SERVICES

1,183,836.37

 

11.28

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

PERSHING LLC

848,568.65

 

8.09

 

RAYMOND JAMES

3,667,947.61

 

34.96(b)

 

OMNIBUS FOR MUTUAL FUNDS

   

87

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

REAL ASSETS FUND—

BREAD & CO

9,768,046.07

 

16.41

I CLASS

C/O T ROWE PRICE ASSOC

   

 

ATTN BALANCED FUND

   

 

LADYBUG & CO

4,250,306.06

 

7.14

 

LAKESIDE & CO

8,841,064.63

 

14.85

REAL ASSETS FUND—

RETIREMENT I 2030 FUND

26,498,231.04

 

6.30

Z CLASS

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2035 FUND

22,939,343.13

 

5.45

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2040 FUND

27,704,550.53

 

6.58

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2045 FUND

21,115,322.98

 

5.02

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2040

37,259,198.78

 

8.85

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2025

24,684,520.96

 

5.86

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2030

40,138,659.22

 

9.54

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2035

29,942,411.69

 

7.11

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2045

24,111,871.37

 

5.73

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2050

21,435,624.78

 

5.09

 

T ROWE PRICE ASSOCIATES

 

  

REAL ESTATE FUND

CHARLES SCHWAB & CO INC

3,117,740.27

 

5.25

 

REINVEST ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

17,011,791.86

 

28.67(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

REAL ESTATE FUND—

CHARLES SCHWAB & CO INC

73,640.22

 

6.10

ADVISOR CLASS

REINVEST ACCOUNT

   

 

EMPOWER TRUST FBO

202,741.79

 

16.81

 

EMPLOYEE BENEFITS CLIENTS 401K

   

 

NATIONAL FINANCIAL SERVICES

254,018.45

 

21.06

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

PERSHING LLC

71,606.31

 

5.94

REAL ESTATE FUND—

INTERNATIONAL PAPER COMPANY

2,286,634.51

 

7.92

I CLASS

MODERATE PORTFOLIO

 

  

 

STAMFORD CT 06901-3284

 

  

 

NATIONAL FINANCIAL SERVICES

1,888,930.74

 

6.55

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

RETIREMENT 2005 FUND

NATIONAL FINANCIAL SERVICES

6,845,924.47

 

8.55

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC

4,998,157.82

 

6.24

 

OMNIBUS ACCOUNT - RETIREMENT

   

88

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

RETIREMENT 2005 FUND—

NATIONAL FINANCIAL SERV CORP

375,742.15

 

13.07

ADVISOR CLASS

FOR EXCLUSIVE BENEFIT OF OUR

   

 

CUSTOMERS

   

 

RUSS LENNON

   

 

RELIANCE TRUST COMPANY FBO

222,566.61

 

7.74

 

RETIREMENT PLANS SERVICED BY

   
 

METLIFE

   

 

GREENWOOD VLG CO 80111-5002

   

 

VANTAGEPOINT ROTH IRA

165,303.53

 

5.75

 

VANTAGEPOINT TRADITIONAL IRA

1,005,918.21

 

34.98(b)

RETIREMENT 2005

AXA EQUITABLE FOR SA

265,573.25

 

8.26

FUND—R CLASS 

STATE STREET BANK AND TRUST AS

1,746,586.24

 

54.30(b)

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

 

VOYA RETIREMENT INS & ANNUITY CO

523,672.46

 

16.28

RETIREMENT 2010 FUND

NATIONAL FINANCIAL SERVICES

13,981,009.55

 

8.10

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

RETIREMENT 2010 FUND—

EMPOWER TRUST COMPANY LLC

1,088,816.72

 

10.25

ADVISOR CLASS

EMPOWER BENEFIT PLANS

   

 

LINCOLN FINANCIAL GROUP TRUST CO

701,926.01

 

6.61

 

FBO ROLLOVER IRA PLANS

   

 

CONCORD NH 03301-3258

   

 

NATIONAL FINANCIAL SERVICES

789,701.45

 

7.43

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

TIAA, FSB CUST/TTEE FBO

593,354.72

 

5.59

 

RETIREMENT PLANS FOR WHICH

   

 

TIAA ACTS AS RECORDKEEPER

   

 

VANTAGEPOINT TRADITIONAL IRA

621,529.90

 

5.85

RETIREMENT 2010

AXA EQUITABLE FOR SA

335,178.92

 

5.09

FUND—R CLASS 

STATE STREET BANK AND TRUST AS

3,340,618.44

 

50.77(b)

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

 

  

RETIREMENT 2015 FUND

NATIONAL FINANCIAL SERVICES

28,419,566.65

 

8.90

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC

20,279,575.62

 

6.35

 

OMNIBUS ACCOUNT - RETIREMENT

   

RETIREMENT 2015 FUND—

LINCOLN FINANCIAL GROUP TRUST CO

1,231,556.21

 

8.20

ADVISOR CLASS

FBO ROLLOVER IRA PLANS

   

 

NATIONAL FINANCIAL SERV CORP

2,812,285.35

 

18.72

 

FOR EXCLUSIVE BENEFIT OF OUR

   

 

CUSTOMERS

   

 

RUSS LENNON

   

 

VALIC SEPARATE ACCOUNT A

1,128,734.84

 

7.51

 

HOUSTON TX 77019-2107

   

 

VANTAGEPOINT TRADITIONAL IRA

1,118,984.28

 

7.45

RETIREMENT 2015

AXA EQUITABLE FOR SA

1,026,023.63

 

8.80

FUND—R CLASS 

STATE STREET BANK AND TRUST AS

5,626,945.03

 

48.26(b)

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

 

VOYA RETIREMENT INS & ANNUITY CO

942,493.08

 

8.08

89

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

RETIREMENT 2020 FUND

NATIONAL FINANCIAL SERVICES

70,270,273.03

 

13.53

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC

50,482,761.08

 

9.72

 

OMNIBUS ACCOUNT

   

 

RETIREMENT 2020

   

RETIREMENT 2020 FUND—

CHARLES SCHWAB & CO INC

2,390,405.99

 

5.27

ADVISOR CLASS

REINVEST ACCOUNT

   

 

EMPOWER TRUST FBO

2,465,793.00

 

5.44

 

EMPOWER BENEFIT PLANS

   

 

NATIONAL FINANCIAL SERVICES

6,196,961.38

 

13.67

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

STATE STREET BANK AND TRUST AS

2,328,963.38

 

5.14

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

RETIREMENT 2020

STATE STREET BANK AND TRUST AS

19,791,226.63

 

51.72(b)

FUND—R CLASS

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

RETIREMENT 2025 FUND

NATIONAL FINANCIAL SERVICES

110,097,817.02

 

16.49

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC

93,332,520.12

 

13.98

 

OMNIBUS ACCOUNT - RETIREMENT

   

RETIREMENT 2025 FUND—

EMPOWER TRUST FBO

3,698,771.19

 

6.72

ADVISOR CLASS

EMPLOYEE BENEFITS CLIENTS 401K

   

 

NATIONAL FINANCIAL SERV CORP

11,070,996.61

 

20.11

 

FOR EXCLUSIVE BENEFIT OF OUR

   

 

CUSTOMERS

   

 

RUSS LENNON

   

 

STATE STREET BANK AND TRUST AS

3,406,229.72

 

6.19

 

TRUSTEE AND/OR CUSTODIAN

 

  

 

FBO ADP ACCESS PRODUCT

 

  

 

VALIC SEPARATE ACCOUNT A

4,178,840.42

 

7.59

RETIREMENT 2025

AXA EQUITABLE FOR SA

4,874,985.00

 

9.04

FUND—R CLASS 

STATE STREET BANK AND TRUST AS

27,476,997.28

 

50.94(b)

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

 

VOYA RETIREMENT INS & ANNUITY CO

4,399,174.51

 

8.15

RETIREMENT 2030 FUND

NATIONAL FINANCIAL SERVICES

95,323,592.03

 

16.48

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC

80,210,619.83

 

13.86

 

OMNIBUS ACCOUNT

   

 

RETIREMENT 2030

   

90

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

RETIREMENT 2030 FUND—

CHARLES SCHWAB & CO INC

3,830,708.91

 

5.55

ADVISOR CLASS

REINVEST ACCOUNT

   

 

EMPOWER TRUST COMPANY LLC

4,038,025.98

 

5.85

 

EMPOWER BENEFIT PLANS

   

 

EMPOWER TRUST FBO

4,011,818.57

 

5.81

 

EMPLOYEE BENEFITS CLIENTS 401K

   

 

NATIONAL FINANCIAL SERVICES

9,725,753.20

 

14.10

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

STATE STREET BANK AND TRUST AS

4,491,608.74

 

6.51

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

RETIREMENT 2030

AXA EQUITABLE FOR SA

3,821,540.10

 

5.98

FUND—R CLASS 

STATE STREET BANK AND TRUST AS

34,484,851.42

 

53.95(b)

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

RETIREMENT 2035 FUND

NATIONAL FINANCIAL SERVICES

84,116,275.74

 

17.03

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC

73,091,139.19

 

14.79

 

OMNIBUS ACCOUNT - RETIREMENT

   

RETIREMENT 2035 FUND—

EMPOWER TRUST FBO

2,883,656.96

 

5.93

ADVISOR CLASS

EMPLOYEE BENEFITS CLIENTS 401K

   

 

NATIONAL FINANCIAL SERV CORP

10,287,334.15

 

21.15

 

FOR EXCLUSIVE BENEFIT OF OUR

   

 

CUSTOMERS

   

 

RUSS LENNON

   

 

STATE STREET BANK AND TRUST AS

2,990,671.64

 

6.15

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

 

VALIC SEPARATE ACCOUNT A

3,633,525.74

 

7.47

RETIREMENT 2035

AXA EQUITABLE FOR SA

4,974,647.37

 

9.35

FUND—R CLASS 

STATE STREET BANK AND TRUST AS

28,627,474.20

 

53.82(b)

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

 

VOYA RETIREMENT INS & ANNUITY CO

3,522,727.97

 

6.62

RETIREMENT 2040 FUND

CHARLES SCHWAB & CO INC

19,507,526.18

 

5.31

 

REINVEST ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

62,709,080.32

 

17.06

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC

49,609,096.85

 

13.49

 

OMNIBUS ACCOUNT

   

 

RETIREMENT 2040

   

91

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

RETIREMENT 2040 FUND—

CHARLES SCHWAB & CO INC

2,511,685.07

 

5.16

ADVISOR CLASS

REINVEST ACCOUNT

   

 

EMPOWER TRUST FBO

2,488,406.57

 

5.12

 

EMPLOYEE BENEFITS CLIENTS 401K

   

 

EMPOWER TRUST FBO

2,688,110.85

 

5.53

 

EMPOWER BENEFIT PLANS

   

 

NATIONAL FINANCIAL SERVICES

6,660,515.99

 

13.70

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

STATE STREET BANK AND TRUST AS

3,337,435.98

 

6.86

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

 

VALIC SEPARATE ACCOUNT A

2,472,289.67

 

5.08

RETIREMENT 2040

AXA EQUITABLE FOR SA

2,694,833.53

 

5.77

FUND—R CLASS 

STATE STREET BANK AND TRUST AS

26,802,996.64

 

57.37(b)

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

RETIREMENT 2045 FUND

CHARLES SCHWAB & CO INC

16,401,009.43

 

5.12

 

REINVEST ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

60,257,626.52

 

18.82

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC

46,223,125.63

 

14.44

 

OMNIBUS ACCOUNT - RETIREMENT

   

RETIREMENT 2045 FUND—

EMPOWER TRUST FBO

2,068,247.49

 

5.64

ADVISOR CLASS

EMPLOYEE BENEFITS CLIENTS 401K

   

 

NATIONAL FINANCIAL SERV CORP

8,359,442.88

 

22.82

 

FOR EXCLUSIVE BENEFIT OF OUR

   

 

CUSTOMERS

   

 

RUSS LENNON

   

 

STATE STREET BANK AND TRUST AS

2,360,996.52

 

6.44

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

 

VALIC SEPARATE ACCOUNT A

2,747,628.50

 

7.50

RETIREMENT 2045

AXA EQUITABLE FOR SA

3,568,344.56

 

9.03

FUND—R CLASS 

STATE STREET BANK AND TRUST AS

22,515,980.03

 

56.96(b)

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

 

VOYA RETIREMENT INS & ANNUITY CO

2,789,039.80

 

7.06

RETIREMENT 2050 FUND

CHARLES SCHWAB & CO INC

20,795,305.65

 

6.73

 

REINVEST ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

68,399,412.63

 

22.14

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC

43,223,069.23

 

13.99

 

OMNIBUS ACCOUNT - RETIREMENT

   

92

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

RETIREMENT 2050 FUND—

CHARLES SCHWAB & CO INC

2,914,797.59

 

5.40

ADVISOR CLASS

REINVEST ACCOUNT

   

 

EMPOWER TRUST FBO

2,770,590.39

 

5.13

 

EMPOWER BENEFIT PLANS

   

 

NATIONAL FINANCIAL SERVICES

9,142,346.40

 

16.92

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

STATE STREET BANK AND TRUST AS

4,495,834.88

 

8.32

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

 

VALIC SEPARATE ACCOUNT A

2,888,312.10

 

5.35

RETIREMENT 2050

AXA EQUITABLE FOR SA

3,317,007.05

 

6.25

FUND—R CLASS 

STATE STREET BANK AND TRUST AS

31,741,330.30

 

59.81(b)

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

RETIREMENT 2055 FUND

NATIONAL FINANCIAL SERVICES

38,650,066.20

 

20.99

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC

26,868,373.67

 

14.59

 

OMNIBUS ACCOUNT - RETIREMENT

   

RETIREMENT 2055 FUND—

EMPOWER TRUST FBO

1,977,316.90

 

7.04

ADVISOR CLASS

EMPLOYEE BENEFITS CLIENTS 401K

   

 

NATIONAL FINANCIAL SERV CORP

7,543,724.09

 

26.84(b)

 

FOR EXCLUSIVE BENEFIT OF OUR

   

 

CUSTOMERS

   

 

RUSS LENNON

   

 

STATE STREET BANK AND TRUST AS

2,312,261.94

 

8.23

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

 

VALIC SEPARATE ACCOUNT A

1,525,216.65

 

5.43

RETIREMENT 2055

AXA EQUITABLE FOR SA

2,838,977.41

 

9.50

FUND—R CLASS

STATE STREET BANK AND TRUST AS

18,393,599.50

 

61.53(b)

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

 

VOYA RETIREMENT INS & ANNUITY CO

1,612,174.75

 

5.39

RETIREMENT 2060 FUND

CHARLES SCHWAB & CO INC

4,962,431.56

 

5.52

 

REINVEST ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

18,141,410.14

 

20.20

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC

14,629,999.66

 

16.29

 

OMNIBUS ACCOUNT

   

 

TRP RETIREMENT 2060

   

RETIREMENT 2060 FUND—

NATIONAL FINANCIAL SERVICES

1,972,537.73

 

13.68

ADVISOR CLASS

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

STATE STREET BANK AND TRUST AS

976,036.45

 

6.77

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

 

STATE STREET BANK CUSTODIAN FBO

725,366.72

 

5.03

 

ACCESS LARGE MARKET 401K

   

 

BOSTON MA 02111-2901

   

 

VALIC SEPARATE ACCOUNT A

1,488,442.27

 

10.32

93

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

RETIREMENT 2060

AXA EQUITABLE FOR SA

1,007,245.89

 

7.19

FUND—R CLASS

STATE STREET BANK AND TRUST AS

8,200,376.96

 

58.57(b)

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

RETIREMENT 2065 FUND

DCGT AS TTEE AND/OR CUST FBO PLIC

1,276,421.02

 

10.29

 

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

NATIONAL FINANCIAL SERVICES

1,183,883.15

 

9.54

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC

3,164,298.37

 

25.50(e)

 

OMNIBUS ACCOUNT

   

 

TRP RETIREMENT 2065 FUND INV

   

RETIREMENT 2065 FUND—

AMERITAS LIFE INSURANCE CORP

100,096.10

 

15.07

ADVISOR CLASS

SEPARATE ACCOUNT G

   

 

DCGT AS TTEE AND/OR CUST FBO PLIC

99,982.04

 

15.05

 

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

NATIONAL FINANCIAL SERVICES

83,720.14

 

12.61

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

STATE STREET BANK AND TRUST AS

48,296.73

 

7.27

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

 

STATE STREET BANK CUSTODIAN FBO

42,674.59

 

6.43

 

ACCESS LARGE MARKET 401K

   

 

VOYA RETIREMENT INS & ANNUITY CO

43,442.64

 

6.54

RETIREMENT 2065

AMERICAN UNITED LIFE

37,681.97

 

9.44

FUND—R CLASS

SEPARATE ACCOUNT II

   

 

DCGT AS TTEE AND/OR CUST FBO PLIC

91,666.92

 

22.97

 

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

NATIONAL FINANCIAL SERVICES

25,791.68

 

6.46

 

FOR THE EXCLUSIVE BENEFIT

   
 

OF OUR CUSTOMERS

   

 

STATE STREET BANK AND TRUST AS

98,567.97

 

24.70

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

 

VOYA RETIREMENT INS & ANNUITY CO

83,250.34

 

20.86

RETIREMENT BALANCED

NATIONAL FINANCIAL SERV CORP

10,327,100.11

 

8.70

FUND

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

RETIREMENT BALANCED

AMERITAS LIFE INSURANCE CORP

483,570.66

 

7.23

FUND—ADVISOR CLASS

SEPARATE ACCOUNT G

   

 

CHARLES SCHWAB & CO INC

477,440.31

 

7.14

 

REINVEST ACCOUNT

   

 

LINCOLN FINANCIAL GROUP TRUST CO

559,856.37

 

8.37

 

FBO ROLLOVER IRA PLANS

   

 

NATIONAL FINANCIAL SERVICES

796,822.68

 

11.92

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

STATE STREET BANK AND TRUST AS

469,700.98

 

7.02

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

94

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

RETIREMENT BALANCED

STATE STREET BANK AND TRUST AS

4,795,256.74

 

50.43(b)

FUND—R CLASS

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

 

UMB BANK N/A

815,486.20

 

8.58

 

FBO FIDUCIARY FOR VARIOUS

   

 

RETIREMENT PROGRAMS

   

RETIREMENT BALANCED I

CHARLES SCHWAB & CO INC

3,767,845.33

 

7.71

FUND—I CLASS

SPECIAL CUSTODY A/C FBO CUSTOMERS

   

 

NATIONAL FINANCIAL SERVICES

5,823,054.14

 

11.91

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

PIMS/PRUDENTIAL RETIREMENT

4,604,248.55

 

9.42

 

AS NOMINEE FOR THE TTEE/CUST PL 701

   

 

INTERMOUNTAIN IRONWORKERS

   

 

SALT LAKE CTY UT 84130-0124

   

RETIREMENT BLEND

SUE E NORWITZ TR

34,264.60

 

16.67

2005 FUND

IRREV TRUST OF STEVEN E NORWITZ

   

 

T ROWE PRICE RPS INC

22,862.22

 

11.12

 

FBO RETIREMENT PLAN CLIENTS

   

 

TRP RETIREMENT BLEND 2005 FUND

   

 

T ROWE PRICE TRUST CO

11,747.73

 

5.71

 

CUST FOR THE ROLLOVER IRA OF

   

 

MARK DERBY

   

 

T ROWE PRICE TRUST CO

12,101.32

 

5.89

 

CUST FOR THE IRA OF

   

 

ROBERT BORGE (DCD)

   

 

KEITH BORGE (BENE)

   

 

T ROWE PRICE TRUST CO

22,609.90

 

11.00

 

CUST FOR THE ROLLOVER IRA OF

   

 

PHILIP A. DE VITO

   

 

T ROWE PRICE TRUST CO

24,130.89

 

11.74

 

CUST FOR THE IRA OF

   

 

ROSALIE A JONES

   

 

T ROWE PRICE TRUST CO

42,370.46

 

20.61

 

CUST FOR THE ROLLOVER IRA OF

   

 

ROSE CAMPBELL

   

RETIREMENT BLEND

T ROWE PRICE RPS INC

112,987.59

 

15.49

2005 FUND—I CLASS

OMNIBUS ACCOUNT

   

 

TRP RETIREMENT BLEND 2005 - I

   

 

T ROWE PRICE TRUST CO

37,642.03

 

5.16

 

CUST FOR THE ROLLOVER IRA OF

   

 

CLAUDE F WALEDISCH

   

 

T ROWE PRICE TRUST CO

46,413.53

 

6.36

 

CUST FOR THE ROLLOVER IRA OF

   

 

JOHN J RAUSER

   

 

VOYA INSTITUTIONAL TRUST COMPANY

466,097.74

 

63.89(b)

95

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

RETIREMENT BLEND

CHARLES RUSSELL

29,527.68

 

7.92

2010 FUND

KARLA K RUSSELL TRS

   

 

CHARLES AND KARLA REV LIVING TRUST

   

 

T ROWE PRICE RPS INC

234,425.27

 

62.90(e)

 

FBO RETIREMENT PLAN CLIENTS

   

 

TRP RETIREMENT BLEND 2010

   

 

T ROWE PRICE TRUST CO

18,866.92

 

5.06

 

CUST FOR THE ROLLOVER IRA OF

   

 

ANDREW O CHAN

   

 

T ROWE PRICE TRUST CO

18,885.28

 

5.07

 

CUST FOR THE ROLLOVER IRA OF

   

 

ARLENE M MCGLASSON

   

 

T ROWE PRICE TRUST CO

21,596.27

 

5.79

 

CUST FOR THE ROLLOVER IRA OF

   

 

SHARON M CAMPING

   

 

T ROWE PRICE TRUST CO

23,849.22

 

6.40

 

CUST FOR THE ROLLOVER IRA OF

   

 

JANICE MORRIS

   

RETIREMENT BLEND

CHARLES SCHWAB & CO INC

97,918.04

 

27.32(b)

2010 FUND—I CLASS

REINVEST ACCOUNT

   

 

ELEANOR BROWN T O D

31,727.86

 

8.85

 

VOYA INSTITUTIONAL TRUST COMPANY

161,885.09

 

45.16(b)

RETIREMENT BLEND

T ROWE PRICE RPS INC

337,218.57

 

49.99(e)

2015 FUND

FBO RETIREMENT PLAN CLIENTS

   

 

TRP RETIREMENT BLEND 2015

   

 

T ROWE PRICE TRUST CO

43,015.97

 

6.38

 

CUST FOR THE ROLLOVER IRA OF

   

 

WILLIAM LUTZ

   

 

T ROWE PRICE TRUST CO

43,455.05

 

6.44

 

CUST FOR THE ROLLOVER IRA OF

   

 

SIMON S. JACOBO

   

 

T ROWE PRICE TRUST CO

44,297.03

 

6.57

 

CUST FOR THE ROLLOVER IRA OF

   

 

RAMON MORENO

   

RETIREMENT BLEND

CHARLES SCHWAB & CO INC

112,546.55

 

8.73

2015 FUND—I CLASS

REINVEST ACCOUNT

   

 

JESSICA N LEVIN

115,006.57

 

8.92

 

RICHARD MANDY TRS

   

 

STEVEN E NORWITZ 2009 IRREVOCABLE

   

 

TRUST

   

 

T ROWE PRICE TRUST CO

114,958.80

 

8.91

 

CUST FOR THE ROLLOVER IRA OF

   

 

DAVID J PAGE

   

 

T ROWE PRICE TRUST CO

125,144.76

 

9.70

 

CUST FOR THE ROLLOVER IRA OF

   

 

DORIS E MARSH

   

 

T ROWE PRICE TRUST CO

131,639.97

 

10.21

 

CUST FOR THE ROLLOVER IRA OF

   

 

LEE A KOZSEY

   

RETIREMENT BLEND

T ROWE PRICE RPS INC

1,686,731.13

 

63.86(e)

2020 FUND

FBO RETIREMENT PLAN CLIENTS

   

 

TRP RETIREMENT BLEND 2020

   

96

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

RETIREMENT BLEND

CHARLES SCHWAB & CO INC

426,701.42

 

9.41

2020 FUND—I CLASS

REINVEST ACCOUNT

   

 

T ROWE PRICE RPS INC

501,601.98

 

11.06

 

OMNIBUS ACCOUNT

   

 

TRP RETIREMENT BLEND 2020 - I

   

RETIREMENT BLEND

T ROWE PRICE RPS INC

3,519,914.72

 

70.53(e)

2025 FUND

FBO RETIREMENT PLAN CLIENTS

   

 

TRP RETIREMENT BLEND 2025

   

RETIREMENT BLEND

CHARLES SCHWAB & CO INC

834,850.25

 

14.97

2025 FUND—I CLASS

REINVEST ACCOUNT

   

 

EUGENE WATER & ELECTRIC

299,280.17

 

5.36

 

C/O ICMA RETIREMENT CORPORATION

   

 

WASHINGTON DC 20002-4239

   

 

T ROWE PRICE RPS INC

610,239.21

 

10.94

 

OMNIBUS ACCOUNT

   

 

TRP RETIREMENT BLEND 2025 - I

   

 

VOYA INSTITUTIONAL TRUST COMPANY

407,642.78

 

7.31

RETIREMENT BLEND

T ROWE PRICE RPS INC

3,463,678.53

 

72.49(e)

2030 FUND

FBO RETIREMENT PLAN CLIENTS

   

 

TRP RETIREMENT BLEND 2030

   

RETIREMENT BLEND

CHARLES SCHWAB & CO INC

1,199,127.72

 

20.82

2030 FUND—I CLASS

REINVEST ACCOUNT

   

 

T ROWE PRICE RPS INC

1,124,919.71

 

19.53

 

OMNIBUS ACCOUNT

   

 

TRP RETIREMENT BLEND 2030 - I

   

RETIREMENT BLEND

T ROWE PRICE RPS INC

3,831,737.22

 

78.73(e)

2035 FUND

FBO RETIREMENT PLAN CLIENTS

   

 

TRP RETIREMENT BLEND 2035

   

RETIREMENT BLEND

CHARLES SCHWAB & CO INC

1,035,272.09

 

18.05

2035 FUND—I CLASS

REINVEST ACCOUNT

   

 

HELENKA HOPKINS NOLAN T O D

288,263.36

 

5.03

 

T ROWE PRICE RPS INC

1,421,665.74

 

24.79

 

OMNIBUS ACCOUNT

   

 

TRP RETIREMENT BLEND 2035 - I

   

RETIREMENT BLEND

T ROWE PRICE RPS INC

3,785,396.32

 

76.60(e)

2040 FUND

FBO RETIREMENT PLAN CLIENTS

   

 

TRP RETIREMENT BLEND 2040

   

RETIREMENT BLEND

CHARLES SCHWAB & CO INC

1,011,089.17

 

22.70

2040 FUND—I CLASS

REINVEST ACCOUNT

   

 

T ROWE PRICE RPS INC

892,831.71

 

20.04

 

OMNIBUS ACCOUNT

   

 

TRP RETIREMENT BLEND 2040 - I

   

RETIREMENT BLEND

T ROWE PRICE RPS INC

2,495,766.03

 

69.72(e)

2045 FUND

FBO RETIREMENT PLAN CLIENTS

   

 

TRP RETIREMENT BLEND 2045

   

RETIREMENT BLEND

CHARLES SCHWAB & CO INC

987,189.62

 

27.27(b)

2045 FUND—I CLASS

REINVEST ACCOUNT

   

 

T ROWE PRICE RPS INC

893,324.29

 

24.67

 

OMNIBUS ACCOUNT

   

 

TRP RETIREMENT BLEND 2045 - I

   

RETIREMENT BLEND

T ROWE PRICE RPS INC

1,589,616.96

 

61.80(e)

2050 FUND

FBO RETIREMENT PLAN CLIENTS

   

 

TRP RETIREMENT BLEND 2050

   

97

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

RETIREMENT BLEND

CHARLES SCHWAB & CO INC

1,407,269.57

 

41.40(b)

2050 FUND—I CLASS

REINVEST ACCOUNT

   

 

T ROWE PRICE RPS INC

509,903.10

 

15.00

 

OMNIBUS ACCOUNT

   

 

TRP RETIREMENT BLEND 2050 - I

   

RETIREMENT BLEND

T ROWE PRICE RPS INC

869,113.24

 

63.16(e)

2055 FUND

FBO RETIREMENT PLAN CLIENTS

   

 

TRP RETIREMENT BLEND 2055

   

RETIREMENT BLEND

CHARLES SCHWAB & CO INC

623,682.85

 

38.32(b)

2055 FUND—I CLASS

REINVEST ACCOUNT

   

 

T ROWE PRICE RPS INC

254,845.25

 

15.66

 

OMNIBUS ACCOUNT

   

 

TRP RETIREMENT BLEND 2055 - I

   

RETIREMENT BLEND

T ROWE PRICE RPS INC

248,915.87

 

44.88(e)

2060 FUND

FBO RETIREMENT PLAN CLIENTS

   

 

TRP RETIREMENT BLEND 2060

   

RETIREMENT BLEND

CHARLES SCHWAB & CO INC

454,647.88

 

49.35(b)

2060 FUND—I CLASS

REINVEST ACCOUNT

   

 

T ROWE PRICE RPS INC

93,236.08

 

10.12

 

OMNIBUS ACCOUNT

   

 

TRP RETIREMENT BLEND 2060 - I

   

RETIREMENT BLEND

T ROWE PRICE RPS INC

81,326.34

 

29.65(e)

2065 FUND

FBO RETIREMENT PLAN CLIENTS

   

 

T. ROWE PRICE RETIREMENT BLEND 2065

   

RETIREMENT BLEND

CHARLES SCHWAB & CO INC

179,147.61

 

28.70(b)

2065 FUND—I CLASS

REINVEST ACCOUNT

   

 

INDIAN RIVER LAND TRUST

158,126.03

 

25.33(b)

 

VERO BEACH FL 32960-4228

   

 

T ROWE PRICE TRUST CO

63,049.96

 

10.10

 

CUST FOR THE ROTH IRA OF

   

 

JOSEPH HUBER

   

 

T ROWE PRICE TRUST CO

86,909.33

 

13.92

 

CUST FOR THE ROLLOVER IRA OF

   

 

RUSSELL K KARASCH

   

RETIREMENT I 2005

NATIONAL FINANCIAL SERVICES

8,582,227.22

 

32.00(b)

FUND—I CLASS

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

TIAA, FSB CUST/TTEE FBO

2,124,699.52

 

7.92

 

RETIREMENT PLANS FOR WHICH

   

 

TIAA ACTS AS RECORDKEEPER

   

RETIREMENT I 2010

DCGT AS TTEE AND/OR CUST FBO PLIC

5,451,829.67

 

7.03

FUND—I CLASS

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

NATIONAL FINANCIAL SERVICES

16,895,165.71

 

21.78

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

TIAA, FSB CUST/TTEE FBO

5,130,361.47

 

6.61

 

RETIREMENT PLANS FOR WHICH

   

 

TIAA ACTS AS RECORDKEEPER

   

RETIREMENT I 2015

NATIONAL FINANCIAL SERVICES

37,240,614.52

 

27.78(b)

FUND—I CLASS

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

TIAA, FSB CUST/TTEE FBO

9,928,913.19

 

7.41

 

RETIREMENT PLANS FOR WHICH

   

 

TIAA ACTS AS RECORDKEEPER

   

98

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

RETIREMENT I 2020

DCGT AS TTEE AND/OR CUST FBO PLIC

23,991,530.58

 

5.66

FUND—I CLASS

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

NATIONAL FINANCIAL SERVICES

117,033,649.98

 

27.59(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

RETIREMENT I 2025

NATIONAL FINANCIAL SERVICES

200,087,210.69

 

34.14(b)

FUND—I CLASS

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

TIAA, FSB CUST/TTEE FBO

29,442,446.67

 

5.02

 

RETIREMENT PLANS FOR WHICH

   

 

TIAA ACTS AS RECORDKEEPER

   

RETIREMENT I 2030

DCGT AS TTEE AND/OR CUST FBO PLIC

50,589,037.82

 

6.50

FUND—I CLASS

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

NATIONAL FINANCIAL SERVICES

238,352,942.10

 

30.64(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

RETIREMENT I 2035

DCGT AS TTEE AND/OR CUST FBO PLIC

28,995,532.73

 

5.15

FUND—I CLASS

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

NATIONAL FINANCIAL SERVICES

196,059,696.96

 

34.83(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

TIAA, FSB CUST/TTEE FBO

32,064,638.30

 

5.70

 

RETIREMENT PLANS FOR WHICH

   

 

TIAA ACTS AS RECORDKEEPER

   

RETIREMENT I 2040

DCGT AS TTEE AND/OR CUST FBO PLIC

41,931,592.26

 

6.98

FUND—I CLASS

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

NATIONAL FINANCIAL SERVICES

186,821,177.28

 

31.08(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

TIAA, FSB CUST/TTEE FBO

33,016,710.71

 

5.49

 

RETIREMENT PLANS FOR WHICH

   

 

TIAA ACTS AS RECORDKEEPER

   

RETIREMENT I 2045

DCGT AS TTEE AND/OR CUST FBO PLIC

23,065,755.36

 

5.40

FUND—I CLASS

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

NATIONAL FINANCIAL SERVICES

146,501,480.44

 

34.30(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

TIAA, FSB CUST/TTEE FBO

25,202,001.90

 

5.90

 

RETIREMENT PLANS FOR WHICH

   

 

TIAA ACTS AS RECORDKEEPER

   

RETIREMENT I 2050

DCGT AS TTEE AND/OR CUST FBO PLIC

32,723,528.66

 

7.96

FUND—I CLASS

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

NATIONAL FINANCIAL SERVICES

128,962,401.23

 

31.35(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

RETIREMENT I 2055

DCGT AS TTEE AND/OR CUST FBO PLIC

16,063,252.57

 

6.56

FUND—I CLASS

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

NATIONAL FINANCIAL SERVICES

84,173,162.03

 

34.35(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

RETIREMENT I 2060

DCGT AS TTEE AND/OR CUST FBO PLIC

12,265,770.31

 

10.24

FUND—I CLASS

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

NATIONAL FINANCIAL SERVICES

35,934,103.77

 

29.99(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

99

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

RETIREMENT I 2065

DCGT AS TTEE AND/OR CUST FBO PLIC

2,305,362.52

 

13.54

FUND—I CLASS

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

JOHN HANCOCK LIFE

1,272,200.16

 

7.47

 

INSURANCE CO USA

   

 

NATIONAL FINANCIAL SERVICES

4,960,047.19

 

29.13(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

SCIENCE & TECHNOLOGY

JOHN HANCOCK LIFE

13,749,618.15

 

11.32

FUND

INSURANCE CO USA

   

 

T ROWE PRICE RPS INC

9,888,261.70

 

8.14

 

NEW BUSINESS-CONV ASSTS

   

SCIENCE & TECHNOLOGY

FIIOC AS AGENT

93,256.96

 

6.60

FUND—ADVISOR CLASS

FBO CLEAN ENERGY 401K PLAN

   

 

VANGUARD FIDUCIARY TRUST COMPANY

73,232.43

 

5.19

 

T ROWE PRICE ADVISOR CLASS FUNDS

   

 

ATTN OUTSIDE FUNDS

   

 

VOYA INSTITUTIONAL TRUST COMPANY

132,691.45

 

9.40

 

VOYA RETIREMENT INS & ANNUITY CO

400,615.30

 

28.37(b)

SHORT DURATION

NATIONAL FINANCIAL SERVICES

184,430.35

 

5.86

INCOME FUND

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE ASSOCIATES

1,975,000.00

 

62.73(c)

SHORT DURATION

T ROWE PRICE RPS INC

188,356.41

 

10.12

INCOME FUND—I CLASS

FBO TRP PLAN

   

 

TRP SHORT DURATION INCOME I

   

SHORT-TERM BOND FUND

NATIONAL FINANCIAL SERVICES

25,681,892.20

 

7.44

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE ASSOCIATES

51,825,393.09

 

15.01

 

WELLS FARGO CLEARING SERVICES LLC

47,678,523.25

 

13.81

 

SPECIAL CUSTODY ACCT FOR THE

   

 

EXCLUSIVE BENEFIT OF CUSTOMERS

   

SHORT-TERM BOND

CHARLES SCHWAB & CO INC

98,722.98

 

5.88

FUND—ADVISOR CLASS

SPECIAL CUSTODY A/C FBO CUSTOMERS

   

 

NATIONAL FINANCIAL SERVICES

272,530.02

 

16.23

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

PERSHING LLC

212,285.39

 

12.64

 

TD AMERITRADE INC FBO

424,704.27

 

25.29(b)

 

OUR CUSTOMERS

   

 

WELLS FARGO CLEARING SERVICES LLC

100,648.47

 

5.99

 

SPECIAL CUSTODY ACCT FOR THE

   

 

EXCLUSIVE BENEFIT OF CUSTOMERS

   

SHORT-TERM BOND

EDWARD D JONES & CO

41,529,491.49

 

6.26

FUND—I CLASS

FOR THE BENEFIT OF CUSTOMERS

   

 

MARYLAND COLLEGE INVESTMENT PLAN

81,372,961.73

 

12.26

 

PORTFOLIO 2024

   

 

NATIONAL FINANCIAL SERVICES

99,760,088.18

 

15.03

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE SERVICES INC FBO

111,454,553.31

 

16.80

 

MARYLAND COLLEGE INVESTMENT PLAN

   

 

PORTFOLIO FOR EDUCATION TODAY

   

SHORT-TERM BOND

SPECTRUM INCOME FUND

33,347,495.68

 

100.00(a)

FUND—Z CLASS

T. ROWE PRICE ASSOCIATES

   

SMALL-CAP INDEX FUND

T ROWE PRICE ASSOCIATES

12,322.64

 

100.00(c)

100

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

SMALL-CAP INDEX

EDUCATION TRUST OF ALASKA

498,600.45

 

7.24

FUND—I CLASS

ACT PORTFOLIO

   

 

C/O T ROWE PRICE ASSOCIATES

   

 

EDUCATION TRUST OF ALASKA

2,777,402.69

 

40.32(b)

 

TOTAL EQUITY MARKET INDEX

   
 

PORTFOLIO

   

 

C/O T ROWE PRICE ASSOCIATES

   

 

MARYLAND COLLEGE INVESTMENT PLAN

1,262,880.05

 

18.33

 

EXTENDED EQUITY INDEX PORTFOLIO

   

 

MARYLAND COLLEGE INVESTMENT PLAN

1,985,933.53

 

28.83(b)

 

GLOBAL EQUITY MARKET INDEX

   

SMALL-CAP INDEX

RETIREMENT BLEND 2020 FUND

92,454.28

 

6.99

FUND—Z CLASS

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT BLEND 2025 FUND

153,101.20

 

11.58

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT BLEND 2030 FUND

182,235.04

 

13.79

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT BLEND 2035 FUND

213,007.03

 

16.11

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT BLEND 2040 FUND

205,466.43

 

15.54

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT BLEND 2045 FUND

166,073.79

 

12.56

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT BLEND 2050 FUND

141,249.77

 

10.69

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT BLEND 2055 FUND

70,838.52

 

5.36

 

T ROWE PRICE ASSOCIATES

   

SMALL-CAP STOCK FUND

CHARLES SCHWAB & CO INC

3,362,377.07

 

7.32

 

REINVEST ACCOUNT

   

 

NATIONAL FINANCIAL SERV CORP

7,318,234.18

 

15.93

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE TRUST CO INC

2,435,079.83

 

5.30

 

T R P O T C FUND

   

 

ATTN R P S CONTROL DEPT

   

SMALL-CAP STOCK

DCGT AS TTEE AND/OR CUST FBO PLIC

142,477.51

 

13.06

FUND—ADVISOR CLASS

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

EMPOWER TRUST FBO

175,182.81

 

16.06

 

EMPOWER BENEFIT PLANS

   

 

JOHN HANCOCK TRUST COMPANY

55,505.18

 

5.09

 

LINCOLN INVESTMENT PLANNING, LLC

78,987.50

 

7.24

 

FBO LINCOLN CUSTOMERS

   

 

NATIONAL FINANCIAL SERVICES

157,144.08

 

14.41

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

SMALL-CAP STOCK

CHARLES SCHWAB & CO INC

3,953,184.72

 

6.53

FUND—I CLASS

REINVEST ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

5,993,393.90

 

9.89

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

101

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

SMALL-CAP STOCK

RETIREMENT I 2030 FUND

3,697,433.10

 

6.40

FUND—Z CLASS

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2035 FUND

3,212,885.89

 

5.57

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2040 FUND

3,875,784.61

 

6.71

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2045 FUND

2,961,210.20

 

5.13

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2050 FUND

2,890,849.54

 

5.01

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2040

5,320,899.04

 

9.22

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2025

3,566,263.87

 

6.18

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2030

5,769,849.20

 

9.99

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2035

4,310,365.36

 

7.47

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2045

3,403,846.74

 

5.90

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2050

3,055,009.09

 

5.29

 

T ROWE PRICE ASSOCIATES

   

SMALL-CAP VALUE FUND

CHARLES SCHWAB & CO INC

5,422,426.55

 

5.78

 

REINVEST ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

12,447,428.07

 

13.26

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

PERSHING LLC

5,236,270.67

 

5.58

 

RAYMOND JAMES

20,045,523.66

 

21.35

 

OMNIBUS FOR MUTUAL FUNDS

   

 

T ROWE PRICE TRUST CO INC

5,654,358.52

 

6.02

SMALL-CAP VALUE

CHARLES SCHWAB & CO INC

285,256.01

 

17.93

FUND—ADVISOR CLASS

REINVEST ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

424,214.07

 

26.66(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

PERSHING LLC

141,558.65

 

8.90

 

RAYMOND JAMES

122,936.73

 

7.73

 

OMNIBUS FOR MUTUAL FUNDS

   

SMALL-CAP VALUE

CHARLES SCHWAB & CO INC

4,336,439.29

 

7.17

FUND—I CLASS

REINVEST ACCOUNT

   

 

EDWARD D JONES & CO

3,037,515.91

 

5.02

 

FOR THE BENEFIT OF CUSTOMERS

   

 

NATIONAL FINANCIAL SERVICES

6,757,202.35

 

11.17

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

102

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

SMALL-CAP VALUE

RETIREMENT I 2030 FUND

3,504,895.93

 

6.17

FUND—Z CLASS

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2035 FUND

3,002,417.73

 

5.28

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2040 FUND

3,611,590.52

 

6.36

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2040

5,003,228.06

 

8.80

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2025

3,304,131.74

 

5.81

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2030

5,419,811.08

 

9.54

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2035

4,042,113.67

 

7.11

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2045

3,130,205.60

 

5.51

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2050

2,844,865.30

 

5.01

 

T ROWE PRICE ASSOCIATES

   

SPECTRUM CONSERVATIVE

CHARLES SCHWAB & CO

3,597,578.10

 

6.05

ALLOCATION FUND

REINVEST ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

7,453,201.30

 

12.54

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

TD AMERITRADE INC FBO

3,114,544.37

 

5.24

 

OUR CUSTOMERS

   

SPECTRUM CONSERVATIVE

CHARLES SCHWAB & CO INC

2,830,393.98

 

5.11

ALLOCATION FUND—

REINVEST ACCOUNT

   

I CLASS

NATIONAL FINANCIAL SERVICES

10,863,418.84

 

19.61

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

SPECTRUM DIVERSIFIED

NATIONAL FINANCIAL SERVICES

4,701,456.93

 

5.24

EQUITY FUND

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE TRUST CO INC

5,482,184.83

 

6.10

SPECTRUM INCOME FUND

JOHN HANCOCK LIFE

9,886,769.49

 

5.57

 

INSURANCE CO USA

   

 

NATIONAL FINANCIAL SERVICES

10,281,279.48

 

5.79

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE TRUST CO INC

28,779,684.84

 

16.21

SPECTRUM INCOME

MARYLAND COLLEGE INVESTMENT PLAN

29,648,436.57

 

8.26

FUND—I CLASS

PORTFOLIO 2030

   

 

MARYLAND COLLEGE INVESTMENT PLAN

45,256,727.87

 

12.60

 

PORTFOLIO 2027

   

 

T ROWE PRICE SERVICES INC FBO

18,402,938.16

 

5.12

 

EDUCATION TRUST OF ALASKA

   

 

PORTFOLIO 2021-2024

   

 

T ROWE PRICE SERVICES INC FBO

20,325,213.11

 

5.66

 

EDUCATION TRUST OF ALASKA

   

 

PORTFOLIO 2025-2028

   

103

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

SPECTRUM

CHARLES SCHWAB & CO INC

8,966,155.64

 

17.96

INTERNATIONAL

REINVEST ACCOUNT

   

EQUITY FUND

NATIONAL FINANCIAL SERVICES

7,155,333.90

 

14.33

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC CORP

3,150,617.29

 

6.31

 

OMNIPLAN ACCOUNT

   

 

NEW BUSINESS GROUP

   

SPECTRUM

CHARLES SCHWAB & CO INC

4,035,851.57

 

6.31

INTERNATIONAL EQUITY

SPECIAL CUSTODY A/C FBO CUSTOMERS

   

FUND—I CLASS

    

SPECTRUM MODERATE

CHARLES SCHWAB & CO INC

3,338,938.72

 

6.54

ALLOCATION FUND

REINVEST ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

6,888,411.93

 

13.50

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

TD AMERITRADE INC FBO

2,644,719.60

 

5.18

 

OUR CUSTOMERS

   

SPECTRUM MODERATE

CHARLES SCHWAB & CO INC

4,112,529.13

 

8.90

ALLOCATION FUND—

REINVEST ACCOUNT

   

I CLASS 

NATIONAL FINANCIAL SERVICES

4,273,247.93

 

9.25

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

SPECTRUM MODERATE

CHARLES SCHWAB & CO

2,779,229.94

 

6.75

GROWTH ALLOCATION

REINVEST ACCOUNT

 

  

FUND 

NATIONAL FINANCIAL SERVICES

6,503,702.27

 

15.79

 

FOR THE EXCLUSIVE BENEFIT

 

  

 

OF OUR CUSTOMERS

 

  

 

TD AMERITRADE INC FBO

3,343,290.68

 

8.12

 

OUR CUSTOMERS

 

  

SPECTRUM MODERATE

CHARLES SCHWAB & CO INC

25,743,658.62

 

51.52(b)

GROWTH ALLOCATION

REINVEST ACCOUNT

   

FUND—I CLASS

    

SUMMIT MUNICIPAL

LPL FINANCIAL

14,917,363.91

 

17.10

INCOME FUND

OMNIBUS CUSTOMER ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

4,756,981.04

 

5.45

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

RAYMOND JAMES

21,623,959.86

 

24.78

 

OMNIBUS FOR MUTUAL FUNDS

   

 

WELLS FARGO CLEARING SERVICES LLC

27,196,840.04

 

31.17(b)

 

SPECIAL CUSTODY ACCT FOR THE

   

 

EXCLUSIVE BENEFIT OF CUSTOMERS

   

SUMMIT MUNICIPAL

NATIONAL FINANCIAL SERVICES

12,707.78

 

35.24(b)

INCOME FUND—

FOR THE EXCLUSIVE BENEFIT

   

ADVISOR CLASS

OF OUR CUSTOMERS

   

 

PERSHING LLC

20,957.16

 

58.12(b)

 

TD AMERITRADE INC FBO

2,021.88

 

5.61

 

OUR CUSTOMERS

   

104

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

SUMMIT MUNICIPAL

EDWARD D JONES & CO

13,674,596.39

 

11.92

INCOME FUND—I CLASS

FOR THE BENEFIT OF CUSTOMERS

   

 

J.P. MORGAN SECURITIES LLC

50,854,195.62

 

44.31(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

NATIONAL FINANCIAL SERVICES

6,625,465.84

 

5.77

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

SAXON & CO

16,516,365.83

 

14.39

SUMMIT MUNICIPAL

LPL FINANCIAL

24,274,724.98

 

12.09

INTERMEDIATE FUND

OMNIBUS CUSTOMER ACCOUNT

   

 

MLPF&S FOR THE SOLE BENEFIT OF

16,649,320.57

 

8.29

 

ITS CUSTOMERS

   

 

NATIONAL FINANCIAL SERVICES

13,197,695.57

 

6.57

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

WELLS FARGO CLEARING SERVICES LLC

94,167,010.95

 

46.91(b)

 

SPECIAL CUSTODY ACCT FOR THE

   

 

EXCLUSIVE BENEFIT OF CUSTOMERS

   

SUMMIT MUNICIPAL

CHARLES SCHWAB & CO INC

73,098.65

 

16.71

INTERMEDIATE FUND—

REINVEST ACCOUNT

   

ADVISOR CLASS 

CITBANCO A PARTNERSHIP

219,025.58

 

50.08(b)

 

STORM LAKE IA 50588-1227

   

 

NATIONAL FINANCIAL SERVICES

124,244.17

 

28.41(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

SUMMIT MUNICIPAL

CHARLES SCHWAB & CO INC

19,726,294.88

 

6.88

INTERMEDIATE FUND—

SPECIAL CUSTODY A/C FBO CUSTOMERS

   

I CLASS 

CHARLES SCHWAB & CO INC

62,484,027.51

 

21.78

 

SPECIAL CUSTODY A/C FBO CUSTOMERS

   

 

EDWARD D JONES & CO

66,839,561.40

 

23.30

 

FOR THE BENEFIT OF CUSTOMERS

   

 

J.P. MORGAN SECURITIES LLC

37,256,977.46

 

12.99

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

SAXON & CO

17,454,872.41

 

6.08

TARGET 2005 FUND—

PERSHING LLC

3,527.12

 

26.82(b)

ADVISOR CLASS 

T ROWE PRICE ASSOCIATES

9,625.00

 

73.18(c)

TARGET 2005 FUND—

NATIONAL FINANCIAL SERVICES

763,474.03

 

28.47(b)

I CLASS

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

TARGET 2010 FUND

NATIONAL FINANCIAL SERVICES

277,388.15

 

8.72

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC

208,206.08

 

6.54

 

OMNIBUS ACCOUNT

   

 

TRP TARGET RET 2010

   

105

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

TARGET 2010 FUND—

MATRIX TRUST COMPANY AS AGENT FOR

13,967.73

 

38.08(b)

ADVISOR CLASS

BANCORPSOUTH FBO

   

 

CAFFEY INC 401(K) PLAN

   

 

TUPELO MS 38801-6799

   

 

NATIONAL FINANCIAL SERVICES

20,634.44

 

56.26(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

STATE STREET BANK AND TRUST AS

2,017.20

 

5.50

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

TARGET 2010 FUND—

DCGT AS TTEE AND/OR CUST FBO PLIC

188,784.62

 

5.50

I CLASS

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

REBECCA L. BESSON

356,816.11

 

10.39

 

STUART B COOPER TEN ENT

   

TARGET 2015 FUND—

NATIONAL FINANCIAL SERVICES

7,116.74

 

5.62

ADVISOR CLASS

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

PERSHING LLC

109,291.43

 

86.38(b)

TARGET 2020 FUND

DCGT AS TTEE AND/OR CUST FBO PLIC

682,761.80

 

5.76

 

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

NATIONAL FINANCIAL SERVICES

802,591.34

 

6.77

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC

1,375,767.36

 

11.60

 

OMNIBUS ACCOUNT

   

 

TRP TARGET RET 2020

   

TARGET 2020 FUND—

EMPOWER TRUST FBO

382,804.83

 

66.52(b)

ADVISOR CLASS

EMPLOYEE BENEFITS CLIENTS 401K

   

 

NATIONAL FINANCIAL SERVICES

83,971.94

 

14.59

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

STATE STREET BANK AND TRUST AS

38,788.32

 

6.74

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

TARGET 2020 FUND—

EMPOWER TRUST FBO

772,652.08

 

5.23

I CLASS

EMPLOYEE BENEFITS CLIENTS 401K

   

 

NATIONAL FINANCIAL SERVICES

2,575,304.03

 

17.44

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

TARGET 2025 FUND

CHARLES SCHWAB & CO INC

739,245.69

 

5.14

 

REINVEST ACCOUNT

   

 

DCGT AS TTEE AND/OR CUST FBO PLIC

1,587,582.56

 

11.04

 

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

NATIONAL FINANCIAL SERVICES

1,814,201.59

 

12.62

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC

1,282,204.50

 

8.92

 

OMNIBUS ACCOUNT

   

 

TRP TARGET RET 2025

   

106

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

TARGET 2025 FUND—

EMPOWER TRUST FBO

144,215.27

 

30.16(b)

ADVISOR CLASS

EMPLOYEE BENEFITS CLIENTS 401K

   

 

NATIONAL FINANCIAL SERVICES

101,673.33

 

21.26

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

STATE STREET BANK AND TRUST AS

197,987.80

 

41.41(b)

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

TARGET 2025 FUND—

DCGT AS TTEE AND/OR CUST FBO PLIC

1,521,941.08

 

6.31

I CLASS

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

EMPOWER TRUST FBO

1,332,838.60

 

5.53

 

EMPLOYEE BENEFITS CLIENTS 401K

   

 

NATIONAL FINANCIAL SERVICES

5,625,195.71

 

23.32

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

TARGET 2030 FUND

CHARLES SCHWAB & CO INC

982,556.28

 

6.61

 

REINVEST ACCOUNT

   

 

DCGT AS TTEE AND/OR CUST FBO PLIC

1,343,990.81

 

9.04

 

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

NATIONAL FINANCIAL SERVICES

1,616,346.48

 

10.87

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC

2,376,803.76

 

15.99

 

OMNIBUS ACCOUNT

   

 

TRP TARGET RET 2030

   

TARGET 2030 FUND—

FIIOC AS AGENT

56,272.20

 

11.24

ADVISOR CLASS

NICCOLI BROS OIL INC

   

 

PROFIT SHARING PLAN

   

 

NATIONAL FINANCIAL SERVICES

318,384.30

 

63.62(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

STATE STREET BANK AND TRUST AS

50,342.96

 

10.06

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

TARGET 2030 FUND—

DCGT AS TTEE AND/OR CUST FBO PLIC

1,582,972.97

 

6.09

I CLASS

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

EMPOWER TRUST FBO

1,854,537.50

 

7.13

 

EMPLOYEE BENEFITS CLIENTS 401K

   

 

NATIONAL FINANCIAL SERVICES

7,483,883.46

 

28.77(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

TARGET 2035 FUND

DCGT AS TTEE AND/OR CUST FBO PLIC

1,257,872.48

 

10.99

 

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

NATIONAL FINANCIAL SERVICES

1,768,189.49

 

15.45

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC

1,680,720.54

 

14.69

 

OMNIBUS ACCOUNT

   

 

TRP TARGET RET 2035

   

107

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

TARGET 2035 FUND—

EMPOWER TRUST FBO

13,985.90

 

6.55

ADVISOR CLASS

EMPLOYEE BENEFITS CLIENTS 401K

   

 

FIIOC AS AGENT

20,865.99

 

9.77

 

FBO RICHTON TIE AND TIMBER LLC

   

 

MATRIX TRUST COMPANY AS AGENT FOR

19,156.26

 

8.97

 

BANCORPSOUTH FBO

   

 

CAFFEY INC 401(K) PLAN

   

 

NATIONAL FINANCIAL SERVICES

63,091.83

 

29.53(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

STATE STREET BANK AND TRUST AS

83,136.78

 

38.91(b)

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

TARGET 2035 FUND—

DCGT AS TTEE AND/OR CUST FBO PLIC

1,475,760.39

 

6.89

I CLASS

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

EMPOWER TRUST FBO

1,542,243.56

 

7.20

 

EMPLOYEE BENEFITS CLIENTS 401K

   

 

JOHN HANCOCK TRUST COMPANY LLC

1,235,064.13

 

5.76

 

NATIONAL FINANCIAL SERVICES

7,102,633.99

 

33.14(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC

1,071,777.63

 

5.00

 

OMNIBUS ACCOUNT

   

 

TRP TARGET 2035-ICL

   

TARGET 2040 FUND

CHARLES SCHWAB & CO INC

742,570.45

 

6.86

 

REINVEST ACCOUNT

   

 

DCGT AS TTEE AND/OR CUST FBO PLIC

676,566.53

 

6.25

 

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

NATIONAL FINANCIAL SERVICES

1,771,903.91

 

16.36

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC

1,988,134.24

 

18.36

 

OMNIBUS ACCOUNT

   

 

TRP TARGET RET 2040

   

TARGET 2040 FUND—

CHARLES SCHWAB & CO INC

19,709.20

 

5.21

ADVISOR CLASS

REINVEST ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

149,927.40

 

39.67(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

PERSHING LLC

26,405.12

 

6.99

 

STATE STREET BANK AND TRUST AS

103,146.50

 

27.29(b)

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

 

TRAC 2000

23,397.55

 

6.19

 

SKONA ADVERTISING, INC, 401K PLAN

   

 

JENNY SAGSTROM-WARNES

   

 

SAN FRANCISCO CA 94107-3208

   

108

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

TARGET 2040 FUND—

DCGT AS TTEE AND/OR CUST FBO PLIC

1,354,777.55

 

8.52

I CLASS

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

EMPOWER TRUST FBO

1,421,297.55

 

8.94

 

EMPLOYEE BENEFITS CLIENTS 401K

   

 

NATIONAL FINANCIAL SERVICES

5,204,774.47

 

32.74(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

STATE STREET BANK AND TRUST AS

906,579.79

 

5.70

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

 

T ROWE PRICE RPS INC

1,343,344.40

 

8.45

 

OMNIBUS ACCOUNT

   

 

TRP TARGET 2040-ICL

   

TARGET 2045 FUND

CHARLES SCHWAB & CO INC

339,095.16

 

5.07

 

REINVEST ACCOUNT

   

 

DCGT AS TTEE AND/OR CUST FBO PLIC

552,485.21

 

8.25

 

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

NATIONAL FINANCIAL SERVICES

989,282.30

 

14.78

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

STATE STREET BANK AND TRUST AS

355,394.29

 

5.31

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

 

T ROWE PRICE RPS INC

839,179.18

 

12.54

 

OMNIBUS ACCOUNT

   

 

TRP TARGET RET 2045

   

TARGET 2045 FUND—

NATIONAL FINANCIAL SERVICES

127,375.19

 

31.24(b)

ADVISOR CLASS

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

STATE STREET BANK AND TRUST AS

205,175.12

 

50.32(b)

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

TARGET 2045 FUND—

DCGT AS TTEE AND/OR CUST FBO PLIC

955,643.76

 

5.63

I CLASS

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

EDWARD C BERNARD TR

1,163,650.80

 

6.85

 

THORNTON MILL IRREVOCABLE TRUST

   

 

EMPOWER TRUST FBO

1,173,138.97

 

6.91

 

EMPLOYEE BENEFITS CLIENTS 401K

   

 

NATIONAL FINANCIAL SERVICES

5,630,838.90

 

33.17(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC

1,043,674.07

 

6.15

 

OMNIBUS ACCOUNT

   

 

TRP TARGET 2045-ICL

   

TARGET 2050 FUND

CHARLES SCHWAB & CO INC

757,256.00

 

10.78

 

REINVEST ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

1,043,499.17

 

14.86

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

STATE STREET BANK AND TRUST AS

546,827.17

 

7.78

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

 

T ROWE PRICE RPS INC

843,931.20

 

12.01

 

OMNIBUS ACCOUNT

   

 

TRP TARGET RET 2050

   

109

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

TARGET 2050 FUND—

NATIONAL FINANCIAL SERVICES

117,775.81

 

36.66(b)

ADVISOR CLASS

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

STATE STREET BANK AND TRUST AS

163,339.84

 

50.85(b)

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

TARGET 2050 FUND—

DCGT AS TTEE AND/OR CUST FBO PLIC

753,771.31

 

6.93

I CLASS

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

EMPOWER TRUST FBO

867,045.49

 

7.97

 

MARY FREE BED REHABILITATION HOSP

   

 

EMPOWER TRUST FBO

881,537.08

 

8.11

 

EMPLOYEE BENEFITS CLIENTS 401K

   

 

NATIONAL FINANCIAL SERVICES

3,969,587.87

 

36.50(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

STATE STREET BANK AND TRUST AS

654,962.64

 

6.02

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

 

T ROWE PRICE RPS INC

802,943.01

 

7.38

 

OMNIBUS ACCOUNT

   

 

TRP TARGET 2050-ICL

   

TARGET 2055 FUND

CHARLES SCHWAB & CO INC

289,353.33

 

6.61

 

REINVEST ACCOUNT

   

 

DCGT AS TTEE AND/OR CUST FBO PLIC

250,141.61

 

5.71

 

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

NATIONAL FINANCIAL SERVICES

812,812.87

 

18.57

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC

638,884.35

 

14.60

 

OMNIBUS ACCOUNT

   

 

TRP TARGET RET 2055

   

TARGET 2055 FUND—

NATIONAL FINANCIAL SERVICES

105,389.22

 

38.34(b)

ADVISOR CLASS

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

STATE STREET BANK AND TRUST AS

133,074.45

 

48.41(b)

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

TARGET 2055 FUND—

DCGT AS TTEE AND/OR CUST FBO PLIC

660,037.50

 

7.82

I CLASS

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

EMPOWER TRUST FBO

428,961.16

 

5.08

 

EMPLOYEE BENEFITS CLIENTS 401K

   

 

EMPOWER TRUST FBO

542,463.42

 

6.43

 

MARY FREE BED REHABILITATION HOSP

   

 

JOHN HANCOCK TRUST COMPANY LLC

572,232.66

 

6.78

 

NATIONAL FINANCIAL SERVICES

3,304,740.50

 

39.15(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC

596,767.61

 

7.07

 

OMNI ACCT – 401K PLAN

   

 

TRP TARGET 2055

   

110

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

TARGET 2060 FUND

CHARLES SCHWAB & CO INC

352,048.23

 

9.10

 

REINVEST ACCOUNT

   

 

DCGT AS TTEE AND/OR CUST FBO PLIC

218,589.16

 

5.65

 

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

NATIONAL FINANCIAL SERVICES

898,046.61

 

23.22

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

STATE STREET BANK AND TRUST AS

268,647.68

 

6.95

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

 

T ROWE PRICE RPS INC

453,443.24

 

11.72

 

OMNIBUS ACCOUNT

   

 

TRP TARGET RETIREMENT 2060

   

TARGET 2060 FUND—

EMPOWER TRUST FBO

26,642.10

 

12.59

ADVISOR CLASS

EMPLOYEE BENEFITS CLIENTS 401K

   

 

MID ATLANTIC TRUST COMPANY FBO

11,626.53

 

5.49

 

THE WOODSTOCK FOUNDATION, INC

   

 

NATIONAL FINANCIAL SERVICES

100,814.96

 

47.64(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

STATE STREET BANK AND TRUST AS

51,094.42

 

24.15

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

TARGET 2060 FUND—

DCGT AS TTEE AND/OR CUST FBO PLIC

413,453.37

 

10.75

I CLASS

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

EMPOWER TRUST FBO

241,288.68

 

6.28

 

EMPLOYEE BENEFITS CLIENTS 401K

   

 

EMPOWER TRUST FBO

336,287.81

 

8.75

 

MARY FREE BED REHABILITATION HOSP

   

 

NATIONAL FINANCIAL SERVICES

1,180,541.51

 

30.71(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC

317,936.31

 

8.27

 

OMNI ACCT – 401K PLAN

   

 

TRP TARGET 2060

   

TARGET 2065 FUND

CHARLES SCHWAB & CO INC

35,507.17

 

8.03

 

SPECIAL CUSTODY A/C FBO CUSTOMERS

   

 

DCGT AS TTEE AND/OR CUST FBO PLIC

50,940.56

 

11.51

 

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

NATIONAL FINANCIAL SERVICES

52,149.47

 

11.79

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE RPS INC

58,805.96

 

13.29

 

OMNIBUS ACCOUNT

   

 

TRP TARGET 2065 FUND - INV

   

 

TD AMERITRADE INC FBO

36,857.69

 

8.33

 

OUR CUSTOMERS

   

TARGET 2065 FUND—

T ROWE PRICE ASSOCIATES

10,125.35

 

85.78(c)

ADVISOR CLASS 

VOYA RETIREMENT INS & ANNUITY CO

1,170.97

 

9.92

111

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

TARGET 2065 FUND—

DCGT AS TTEE AND/OR CUST FBO PLIC

150,551.03

 

17.14

I CLASS

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

HOWARD P COLHOUN TTEE

85,950.44

 

9.79

 

HOWARD P COLHOUN REV TRUST

   

 

NATIONAL FINANCIAL SERVICES

293,159.09

 

33.38(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE TRUST CO

52,717.22

 

6.00

 

CUST FOR THE ROTH IRA OF

   

 

JOSEPH HUBER

   

TAX-EFFICIENT EQUITY

CHARLES SCHWAB & CO INC

452,935.71

 

8.07

FUND

SPECIAL CUSTODY A/C FBO CUSTOMERS

   

 

LPL FINANCIAL

327,778.01

 

5.84

 

OMNIBUS CUSTOMER ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

1,073,171.14

 

19.11

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

PERSHING LLC

553,731.22

 

9.86

 

TD AMERITRADE INC FBO

390,304.54

 

6.95

 

OUR CUSTOMERS

   

TAX-EFFICIENT EQUITY

CHARLES SCHWAB & CO INC

832,952.70

 

8.11

FUND—I CLASS

SPECIAL CUSTODY A/C FBO CUSTOMERS

   

TAX-FREE HIGH YIELD

BAND & CO C/O US BANK NA

12,468,357.93

 

6.81

FUND 

GOLDMAN SACHS & CO

48,129,906.33

 

26.27(b)

 

C/O MUTUAL FUNDS OPS

   

 

SALT LAKE CITY UT 84101-2199

   

 

NATIONAL FINANCIAL SERVICES

24,124,032.72

 

13.17

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

PERSHING LLC

12,900,740.62

 

7.04

TAX-FREE HIGH YIELD

LPL FINANCIAL

32,165.83

 

6.51

FUND—ADVISOR CLASS

OMNIBUS CUSTOMER ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

254,087.10

 

51.41(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

PERSHING LLC

116,728.30

 

23.62

 

RAYMOND JAMES

25,148.88

 

5.09

 

OMNIBUS FOR MUTUAL FUNDS

   

TAX-FREE HIGH YIELD

CHARLES SCHWAB & CO INC

11,645,451.49

 

6.91

FUND—I CLASS

REINVEST ACCOUNT

   

 

EDWARD D JONES & CO

37,512,032.77

 

22.24

 

FOR THE BENEFIT OF CUSTOMERS

   

TAX-FREE INCOME FUND

CHARLES SCHWAB & CO INC

5,309,170.79

 

6.02

 

REINVEST ACCOUNT

   

 

LPL FINANCIAL

7,101,924.89

 

8.05

 

OMNIBUS CUSTOMER ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

9,803,055.50

 

11.11

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

RAYMOND JAMES

6,333,397.08

 

7.18

 

OMNIBUS FOR MUTUAL FUNDS

   

 

TD AMERITRADE INC FBO

4,462,273.11

 

5.06

 

OUR CUSTOMERS

   

112

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

TAX-FREE INCOME FUND—

CHARLES SCHWAB & CO INC

1,053,431.45

 

21.09

ADVISOR CLASS

REINVEST ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

2,888,211.27

 

57.84(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

TD AMERITRADE INC FBO

347,284.00

 

6.95

 

OUR CUSTOMERS

   

TAX-FREE INCOME

J.P. MORGAN SECURITIES LLC

9,575,957.94

 

6.12

FUND—I CLASS

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

NATIONAL FINANCIAL SERVICES

11,744,956.32

 

7.50

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

SEI PRIVATE TRUST COMPANY

31,918,655.84

 

20.38

 

C/O M&T BANK

   

 

ATTN MUTUAL FUND ADMINISTRATOR

   

TAX-FREE SHORT-

CHARLES SCHWAB & CO INC

13,028,341.46

 

8.24

INTERMEDIATE FUND

REINVEST ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

15,942,742.62

 

10.09

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

PERSHING LLC

7,966,794.28

 

5.04

 

TD AMERITRADE INC FBO

10,287,408.17

 

6.51

 

OUR CUSTOMERS

   

 

WELLS FARGO CLEARING SERVICES LLC

52,176,806.46

 

33.01(b)

 

SPECIAL CUSTODY ACCT FOR THE

   

 

EXCLUSIVE BENEFIT OF CUSTOMERS

   

TAX-FREE SHORT-

CITBANCO A PARTNERSHIP

180,646.85

 

38.03(b)

INTERMEDIATE FUND—

MORGAN STANLEY SMITH BARNEY LLC

39,732.13

 

8.37

ADVISOR CLASS

FOR THE EXCL BENEFIT OF ITS CUST

   

 

NATIONAL FINANCIAL SERVICES

153,530.90

 

32.32(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

PERSHING LLC

89,806.07

 

18.91

TAX-FREE SHORT-

CHARLES SCHWAB & CO INC

11,521,294.87

 

6.76

INTERMEDIATE FUND—

SPECIAL CUSTODY A/C FBO CUSTOMERS

   

I CLASS

CHARLES SCHWAB & CO INC

16,395,001.48

 

9.62

 

SPECIAL CUSTODY A/C FBO CUSTOMERS

   

 

EDWARD D JONES & CO

21,525,083.77

 

12.63

 

FOR THE BENEFIT OF CUSTOMERS

   

 

TD AMERITRADE INC FBO

20,104,604.25

 

11.80

 

OUR CUSTOMERS

   

TOTAL EQUITY MARKET

PERSHING LLC

3,007,875.21

 

6.72

INDEX FUND

    

TOTAL RETURN ETF

CITIGROUP GLOBAL MARKETS INC.

400,000

 

64.00(f)

 

CHARLES SCHWAB & CO INC

33,130

 

5.30

 

TD AMERITRADE CLEARING, INC.

157,655

 

25.22(f)

113

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

TOTAL RETURN FUND

CHARLES SCHWAB & CO INC

1,698,098.98

 

16.78

 

REINVEST ACCOUNT

   

 

LPL FINANCIAL

1,527,420.78

 

15.09

 

OMNIBUS CUSTOMER ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

892,921.54

 

8.82

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

TD AMERITRADE INC FBO

759,394.20

 

7.50

 

OUR CUSTOMERS

   

TOTAL RETURN FUND—

PERSHING LLC

10,271.68

 

10.50

ADVISOR CLASS 

RAYMOND JAMES

78,052.37

 

79.82(b)

 

OMNIBUS FOR MUTUAL FUNDS

   

TOTAL RETURN

GOLDEY-BEACOM COLLEGE

3,531,977.36

 

5.26

FUND—I CLASS

ENDOWMENT FUND

   
 

ATTN KRISTINE M SANTOMAURO

   

 

WILMINGTON DE 19808-1993

   

 

JEANETTE STUMP & JAMES CARNEY &

5,405,890.47

 

8.04

 

HOWARD KLINE TRS – SPECIAL METALS

   

 

CORPORATION RETIREE BENEFIT TRUST

   

 

NATIONAL FINANCIAL SERVICES

14,562,056.75

 

21.67

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

SEI PRIVATE TRUST COMPANY

4,252,118.30

 

6.33

 

C/O TRUST

   

 

FBO THE CHURCH FOUNDATION

   

TREASURY RESERVE FUND

BARNACLESAIL

1,047,448,855.27

 

36.34(a)

 

C/O T ROWE PRICE ASSOC

   

 

ATTN MID CAP GROWTH FUND

   

 

BALTIMORE MD 21202-1009

   

 

BRIDGESAIL & CO

453,208,623.58

 

15.73

 

C/O T ROWE PRICE ASSOC

   

 

ATTN SCIENCE & TECHNOLOGY FD

   

 

BALTIMORE MD 21202-1009

   

 

T ROWE PRICE

349,556,223.84

 

12.13

 

RETIREMENT PLAN SERVICE INC

   

 

ATTN RPS CASH GROUP

   

 

OWINGS MILLS MD 21117-4903

   

U.S. EQUITY

CITIGROUP GLOBAL MARKETS INC.

600,000

 

59.11(f)

RESEARCH ETF

CHARLES SCHWAB & CO INC

107,344

 

10.58

 

PERSHING LLC

232,201

 

22.88

U.S. EQUITY RESEARCH

NATIONAL FINANCIAL SERVICES

19,134,183.56

 

23.28

FUND

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

RAYMOND JAMES

42,216,053.02

 

51.36(b)

 

OMNIBUS FOR MUTUAL FUNDS

   

114

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

U.S. EQUITY RESEARCH

CHARLES SCHWAB & CO INC

62,274.37

 

6.31

FUND—ADVISOR CLASS

REINVEST ACCOUNT

   

 

DCGT AS TTEE AND/OR CUST FBO PLIC

55,630.24

 

5.64

 

VARIOUS RETIREMENT PLANS OMNIBUS

   

 

FIIOC AS AGENT

150,002.58

 

15.20

 

SHEPHERD ELECTRIC COMPANY INC

   

 

401K AND PROFIT SHARING PLAN

   

 

MATRIX TRUST COMPANY AS AGENT FOR

93,948.71

 

9.52

 

NEWPORT TRUST COMPANY

   

 

MEDICAL SERVICES GROUP-DEPARTMENT

   

 

OF MEDICINE PROFIT SHARING

   

 

FOLSOM CA 95630-8587

   

 

PERSHING LLC

56,607.75

 

5.73

U.S. EQUITY RESEARCH

CHARLES SCHWAB & CO INC

46,933,622.46

 

44.06(b)

FUND—I CLASS

REINVEST ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

11,343,425.39

 

10.65

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

SEI PRIVATE TRUST COMPANY

9,994,166.85

 

9.38

 

C/O PRINCIPAL FINANCIAL

   

 

ATTN MUTUAL FUND ADMINISTRATOR

   

U.S. EQUITY RESEARCH

RETIREMENT I 2030 FUND

7,049,346.43

 

6.43

FUND—Z CLASS

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2035 FUND

6,171,669.31

 

5.63

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2040 FUND

7,425,798.99

 

6.77

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2045 FUND

5,708,196.42

 

5.20

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2050 FUND

5,583,984.99

 

5.09

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2040

10,113,174.15

 

9.22

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2025

6,644,709.47

 

6.06

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2030

10,774,148.95

 

9.82

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2035

8,182,988.47

 

7.46

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2045

6,462,501.45

 

5.89

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2050

5,828,201.89

 

5.31

 

T ROWE PRICE ASSOCIATES

   

U.S. HIGH YIELD ETF

CITIGROUP GLOBAL MARKETS INC.

400,000

 

94.12(f)

U.S. HIGH YIELD FUND

LPL FINANCIAL

4,641,642.28

 

17.17

 

OMNIBUS CUSTOMER ACCOUNT

   

 

MORGAN STANLEY SMITH BARNEY LLC

5,626,067.35

 

20.81

 

FOR THE EXCL BENEFIT OF ITS CUST

   

 

PERSHING LLC

1,758,536.24

 

6.51

115

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

U.S. HIGH YIELD FUND—

MORGAN STANLEY SMITH BARNEY LLC

40,016.26

 

6.42

ADVISOR CLASS

FOR THE EXCL BENEFIT OF ITS CUST

   

 

NATIONAL FINANCIAL SERVICES

63,417.96

 

10.18

 

FOR EXCLUSIVE BENEFIT OF OUR CUST

   

 

PERSHING LLC

59,342.55

 

9.52

 

RBC CAPITAL MARKETS, LLC

147,096.79

 

23.60

 

MUTUAL FUND OMNIBUS PROCESSING

   

 

TD AMERITRADE INC FBO

218,905.77

 

35.13(b)

 

OUR CUSTOMERS

   

U.S. HIGH YIELD FUND—

NATIONAL FINANCIAL SERVICES

2,419,970.20

 

10.25

I CLASS

FOR EXCLUSIVE BENEFIT OF OUR CUST

   

 

PERSHING LLC

2,552,489.34

 

10.81

U.S. LARGE-CAP CORE

NATIONAL FINANCIAL SERVICES

4,600,071.72

 

8.98

FUND

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

T ROWE PRICE TRUST CO INC

2,754,624.30

 

5.38

 

OMNI ACCOUNT

   

U.S. LARGE-CAP CORE

CHARLES SCHWAB & CO INC

28,578.43

 

8.34

FUND—ADVISOR CLASS

REINVEST ACCOUNT

   

 

MLPF&S FOR THE SOLE BENEFIT OF

17,818.76

 

5.20

 

ITS CUSTOMERS

   

 

NATIONAL FINANCIAL SERVICES

50,309.73

 

14.68

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

PERSHING LLC

67,119.79

 

19.59

 

STATE STREET BANK AND TRUST AS

39,863.97

 

11.63

 

TRUSTEE AND/OR CUSTODIAN

   

 

FBO ADP ACCESS PRODUCT

   

 

TD AMERITRADE INC FBO

45,077.86

 

13.15

 

OUR CUSTOMERS

   

U.S. LARGE-CAP CORE

RETIREMENT I 2030 FUND

13,337,361.84

 

5.96

FUND—Z CLASS

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2035 FUND

11,700,949.29

 

5.23

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2040 FUND

14,200,295.57

 

6.34

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2040

19,301,299.36

 

8.62

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2025

12,531,157.77

 

5.60

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2030

20,419,861.70

 

9.12

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2035

15,569,448.01

 

6.95

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2045

12,380,547.51

 

5.53

 

T ROWE PRICE ASSOCIATES

   

 

SPECTRUM DIVERSIFIED EQUITY

14,620,207.43

 

6.53

 

T. ROWE PRICE ASSOCIATES

   

U.S. LIMITED DURATION

CHARLES SCHWAB & CO INC

317,340.00

 

18.63

TIPS INDEX FUND

SPECIAL CUSTODY A/C FBO CUSTOMERS

   

 

PERSHING LLC

144,857.19

 

8.50

116

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

U.S. LIMITED DURATION

EDUCATION TRUST OF ALASKA

20,201,216.78

 

12.60

TIPS INDEX FUND—I CLASS

PORTFOLIO 2024

   

 

C/O T ROWE PRICE ASSOCIATES

   

 

MARYLAND COLLEGE INVESTMENT PLAN

39,939,772.71

 

24.92

 

PORTFOLIO 2024

   

 

T ROWE PRICE SERVICES INC FBO

28,023,789.20

 

17.48

 

EDUCATION TRUST OF ALASKA

   

 

PORTFOLIO FOR EDUCATION TODAY

   

 

T ROWE PRICE SERVICES INC FBO

55,896,339.88

 

34.87(b)

 

MARYLAND COLLEGE INVESTMENT PLAN

   

 

PORTFOLIO FOR EDUCATION TODAY

   

U.S. LIMITED DURATION

RETIREMENT BLEND 2005 FUND

145,387.41

 

6.68

TIPS INDEX FUND—Z CLASS

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT BLEND 2015 FUND

232,909.93

 

10.70

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT BLEND 2020 FUND

717,868.56

 

32.98(a)

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT BLEND 2025 FUND

726,522.31

 

33.38(a)

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT BLEND 2030 FUND

251,539.90

 

11.56

 

T ROWE PRICE ASSOCIATES

   

U.S. TREASURY

LPL FINANCIAL

39,163,161.31

 

29.04(b)

INTERMEDIATE

OMNIBUS CUSTOMER ACCOUNT

   

INDEX FUND 

MLPF&S FOR THE SOLE BENEFIT OF

51,000,928.53

 

37.82(b)

 

ITS CUSTOMERS

   

U.S. TREASURY

CHARLES SCHWAB & CO INC

1,644,424.28

 

5.93

INTERMEDIATE

SPECIAL CUSTODY A/C FBO CUSTOMERS

   

INDEX FUND—I CLASS

    

U.S. TREASURY

SPECTRUM INCOME FUND

91,059.08

 

100.00(a)

INTERMEDIATE INDEX

T. ROWE PRICE ASSOCIATES

   

FUND—Z CLASS

    

U.S. TREASURY

CHARLES SCHWAB & CO INC

1,967,506.83

 

7.30

LONG-TERM INDEX FUND

REINVEST ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

5,209,643.23

 

19.34

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

PERSHING LLC

2,660,377.97

 

9.88

U.S. TREASURY

LADYBIRD & CO

5,388,166.58

 

13.33

LONG-TERM INDEX

LADYBUG & CO

7,441,490.17

 

18.41

FUND—I CLASS

LAKESIDE & CO

8,129,100.43

 

20.11

 

MARIL & CO FBO

2,130,723.00

 

5.27

 

PERSHING LLC

3,028,700.76

 

7.49

117

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

U.S. TREASURY

RETIREMENT I 2025 FUND

32,263,308.34

 

6.60

LONG-TERM INDEX

T ROWE PRICE ASSOCIATES

   

FUND—Z CLASS

RETIREMENT I 2030 FUND

45,551,872.09

 

9.32

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2035 FUND

28,560,177.33

 

5.85

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2020

43,114,173.29

 

8.82

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2025

50,344,478.14

 

10.30

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2030

69,915,755.43

 

14.31

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2035

38,192,190.21

 

7.82

 

T ROWE PRICE ASSOCIATES

   

 

SPECTRUM INCOME FUND

35,676,461.01

 

7.30

 

T. ROWE PRICE ASSOCIATES

   

U.S. TREASURY MONEY

EDWARD D JONES & CO

1,079,609,048.33

 

29.88(b)

FUND—I CLASS

FOR THE BENEFIT OF CUSTOMERS

   

 

MARYLAND COLLEGE INVESTMENT PLAN

232,245,820.62

 

6.43

 

US TREASURY MONEY MARKET

   

U.S. TREASURY MONEY

RETIREMENT I 2030 FUND

269,531,324.61

 

6.04

FUND—Z CLASS

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2040 FUND

226,904,378.82

 

5.09

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2040

335,489,579.29

 

7.52

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2020

312,219,935.97

 

7.00

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2025

311,550,073.46

 

6.99

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2030

428,408,582.70

 

9.61

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2035

300,696,447.04

 

6.74

 

T ROWE PRICE ASSOCIATES

   

ULTRA SHORT-TERM

CITIGROUP GLOBAL MARKETS INC.

400,000

 

36.36(f)

BOND ETF 

CHARLES SCHWAB & CO INC

197,351

 

17.94

 

NATIONAL FINANCIAL SERVICES LLC

105,505

 

9.59

 

PERSHING LLC

115,862

 

10.53

 

TD AMERITRADE CLEARING, INC.

202,616

 

18.42

ULTRA SHORT-TERM

CHARLES SCHWAB & CO INC

55,733,833.43

 

17.83

BOND FUND

REINVEST ACCOUNT

   

 

LPL FINANCIAL

29,885,576.50

 

9.56

 

OMNIBUS CUSTOMER ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

108,540,228.29

 

34.73(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

TD AMERITRADE INC FBO

19,695,141.17

 

6.30

 

OUR CUSTOMERS

   

 

UBS WM USA

28,697,669.14

 

9.18

 

SPEC CDY A/C EXL BEN CUSTOMERS

   

 

OF UBSFI

   

118

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

ULTRA SHORT-TERM BOND

CHARLES SCHWAB & CO INC

46,233,242.02

 

23.95

FUND—I CLASS

SPECIAL CUSTODY A/C FBO CUSTOMERS

   

 

NATIONAL FINANCIAL SERVICES

10,292,572.68

 

5.33

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

ULTRA SHORT-TERM BOND

T ROWE PRICE ASSOCIATES

19,607.84

 

100.00(c)

FUND—Z CLASS

    

VALUE FUND

CHARLES SCHWAB & CO INC

6,266,936.96

 

6.86

 

REINVESTMENT ACCOUNT

   

 

LPL FINANCIAL

8,113,341.47

 

8.88

 

OMNIBUS CUSTOMER ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

15,770,789.84

 

17.27

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

PERSHING LLC

6,689,280.59

 

7.32

 

T ROWE PRICE TRUST CO

7,179,850.25

 

7.86

 

ATTN INSTALLATION TEAM FOR

   

 

TRPS INST CONTROL DEPT

   

VALUE FUND—ADVISOR

CHARLES SCHWAB & CO INC

321,822.02

 

5.41

CLASS

REINVEST ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

1,873,113.94

 

31.48(b)

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

PERSHING LLC

385,905.56

 

6.49

 

PIMS/PRUDENTIAL RETIREMENT

732,298.25

 

12.31

 

AS NOMINEE FOR THE TTEE/CUST PL 980

   

 

DEFERRED COMPENSATION PLAN FOR

   

 

WHITE PLAINS NY 10601-3311

   

 

VOYA RETIREMENT INS & ANNUITY CO

771,520.93

 

12.97

VALUE FUND—I CLASS

CHARLES SCHWAB & CO INC

9,669,002.41

 

8.90

 

SPECIAL CUSTODY A/C FBO CUSTOMERS

   

 

NATIONAL FINANCIAL SERVICES

11,933,530.82

 

10.99

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

VALUE FUND—Z CLASS

RETIREMENT I 2030 FUND

31,756,737.54

 

6.30

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2035 FUND

27,665,307.92

 

5.49

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2040 FUND

33,211,979.86

 

6.59

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT I 2045 FUND

25,582,956.24

 

5.08

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2040

45,122,614.43

 

8.95

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2025

30,062,612.83

 

5.97

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2030

48,630,902.25

 

9.65

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2035

36,652,958.13

 

7.27

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2045

28,748,653.57

 

5.70

 

T ROWE PRICE ASSOCIATES

   

 

RETIREMENT PORTFOLIO 2050

25,890,498.06

 

5.14

 

T ROWE PRICE ASSOCIATES

   

119

     

FUND/CLASS

SHAREHOLDER

# OF
SHARES

 

% OWNERSHIP

VIRGINIA TAX-FREE

CHARLES SCHWAB & CO INC

6,823,228.29

 

11.07

BOND FUND

REINVEST ACCOUNT

   

 

NATIONAL FINANCIAL SERVICES

14,973,151.24

 

24.30

 

FOR THE EXCLUSIVE BENEFIT

   

 

OF OUR CUSTOMERS

   

 

PERSHING LLC

3,672,443.98

 

5.96

 

RAYMOND JAMES

3,700,206.63

 

6.01

 

OMNIBUS FOR MUTUAL FUNDS

   

 

TD AMERITRADE INC FBO

3,755,453.73

 

6.10

 

OUR CUSTOMERS

   

VIRGINIA TAX-FREE BOND

CHARLES SCHWAB & CO INC

5,368,503.35

 

10.02

FUND—I CLASS

SPECIAL CUSTODY A/C FBO CUSTOMERS

   
  

(a)

T. Rowe Price Retirement Plan Services, Inc., is a wholly owned subsidiary of T. Rowe Price, 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.

(b)

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.

(c)

T. Rowe Price is a wholly owned subsidiary of T. Rowe Price Group, Inc., each a Maryland corporation. Shares owned by T. Rowe Price 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 may be able to determine the outcome of most issues that were 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 Trust Company is a wholly owned subsidiary of T. Rowe Price, 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.

(f)

At the level of ownership indicated, the shareholder may be able to determine the outcome of any matters that are submitted to shareholders for vote.

(g)

Security Benefit Life Insurance Company, organized under the laws of Kansas, owns the percentage indicated (in connection with issuing the T. Rowe Price Variable Annuity) of the outstanding shares of the Fund. Under current law, the insurance company must vote these shares in accordance with instructions received by underlying contract holders.

INFORMATION ABOUT INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS

The Joint Audit Committee has selected PricewaterhouseCoopers LLP (PricewaterhouseCoopers) as the independent registered public accounting firm for the T. Rowe Price Funds for their current fiscal years, and such selection has also been approved by the Funds’ independent directors. Representatives of PricewaterhouseCoopers are not expected to be present at the Shareholder Meeting or available to make a statement or respond to any shareholders’ questions.

The following table, entitled “Independent Auditor Fees,” sets forth the amounts accrued by each Fund for audit and tax fees during each Fund’s last two fiscal years. None of the Funds accrued any fees for audit-related or other fees during each Fund’s last two fiscal years. The table also includes aggregate fees billed by PricewaterhouseCoopers for non-audit services rendered to the Fund, T. Rowe Price,

120

and any entity controlling, controlled by, or under common control with T. Rowe Price that provides ongoing services to the Funds for each Fund’s last two fiscal years.

Audit fees are billed for professional services rendered by PricewaterhouseCoopers for the audit of each Fund’s annual financial statements and for services normally provided in connection with statutory and regulatory filings. Tax fees are billed to the T. Rowe Price ETFs for services rendered by PricewaterhouseCoopers for tax compliance, tax advice, and tax planning. The nature of services comprising these fees includes the review of distribution calculations and the preparation of federal, state, and excise tax returns.

Pursuant to the Joint Audit Committee’s charter, the Joint Audit Committee is responsible for approving in advance any permissible non-audit services to be provided by PricewaterhouseCoopers to: i. The Price Funds; and ii. Any investment advisers of the Price Funds or any affiliates of such investment advisers if such investment advisers or affiliates provide ongoing services to the Price Funds and the engagement relates directly to the operations and financial reporting of the Price Funds; provided, that any single member of the Committee may approve such services on behalf of the Committee if such approval is reported to the Committee at its next regular meeting. These pre-approval requirements were not waived for any Fund during its last two fiscal year-ends.

Independent Auditor Fees

       

Fund

Audit Fees

Tax Fees

Aggregate Fees Non-Audit Services to the Fund, T. Rowe Price, and any Entity Controlling, Controlled by, or Under Common Control with T. Rowe Price that Provides Ongoing Services to the Fund

Previous Fiscal Year

Current Fiscal Year

Previous Fiscal Year

Current Fiscal Year

Previous Fiscal Year

Current Fiscal Year

Africa & Middle East

$24,030

$24,055

—

—

$3,600,000

$2,760,000

All-Cap Opportunities

21,464

21,409

—

—

3,732,000—

2,037,000

All-Cap Opportunities Portfolio

21,464

21,409

—

—

3,732,000

2,037,000

Asia Opportunities

24,030

24,055

—

—

3,600,000

2,760,000

Balanced

30,530

30,755

—

—

3,732,000

2,037,000

Blue Chip Growth ETF

19,964

20,562

$4,382

$4,514

3,732,000

2,037,000

Blue Chip Growth

21,464

21,409

—

—

3,732,000

2,037,000

Blue Chip Growth Portfolio

21,464

21,409

—

—

3,732,000

2,037,000

California Tax-Free Bond

30,530

30,755

—

—

3,749,000

1,454,000

Capital Appreciation

41,344

41,889

—

—

3,732,000

2,037,000

Cash Reserves

23,424

23,429

—

—

3,600,000

2,760,000

China Evolution Equity

24,030

24,005

—

—

3,600,000

2,760,000

Communications & Technology

41,344

41,889

—

—

3,732,000

2,037,000

Corporate Income

29,705

30,755

5,140

—

3,481,000

2,959,000

Credit Opportunities

40,519

41,889

7,514

—

3,481,000

2,959,000

121

       

Fund

Audit Fees

Tax Fees

Aggregate Fees Non-Audit Services to the Fund, T. Rowe Price, and any Entity Controlling, Controlled by, or Under Common Control with T. Rowe Price that Provides Ongoing Services to the Fund

Previous Fiscal Year

Current Fiscal Year

Previous Fiscal Year

Current Fiscal Year

Previous Fiscal Year

Current Fiscal Year

Diversified Mid-Cap Growth

21,464

21,409

—

—

3,732,000

2,037,000

Dividend Growth ETF

19,964

20,562

4,382

4,514

3,732,000

2,037,000

Dividend Growth

21,464

21,409

—

—

3,732,000

2,037,000

Dynamic Credit

41,344

41,889

—

—

3,732,000

2,037,000

Dynamic Global Bond

41,344

41,889

—

—

3,732,000

2,037,000

Emerging Europe

24,030

24,055

—

—

3,600,000

2,760,000

Emerging Markets Bond

35,966

36,351

—

—

3,732,000

2,037,000

Emerging Markets Corporate Bond

35,966

36,351

—

—

3,732,000

2,037,000

Emerging Markets Corporate Multi-Sector Account Portfolio

35,966

36,351

—

—

3,732,000

2,037,000

Emerging Markets Discovery Stock

24,030

24,055

—

—

3,600,000

2,760,000

Emerging Markets Local Currency Bond

35,966

36,351

—

—

3,732,000

2,037,000

Emerging Markets Local Multi-Sector Account Portfolio

35,966

18,121

—

—

3,732,000

2,037,000

Emerging Markets Stock

24,030

24,055

—

—

3,600,000

2,760,000

Equity Income ETF

19,964

20,562

4,382

4,514

3,732,000

2,037,000

Equity Income

21,464

21,409

—

—

3,732,000

2,037,000

Equity Income Portfolio

21,464

21,409

—

—

3,732,000

2,037,000

Equity Index 500

21,464

21,409

—

—

3,732,000

2,037,000

Equity Index 500 Portfolio

21,464

21,409

—

—

3,732,000

2,037,000

European Stock

24,030

24,055

—

—

3,600,000

2,760,000

Extended Equity Market Index

21,464

21,409

—

—

3,732,000

2,037,000

Financial Services

21,464

21,409

—

—

3,732,000

2,037,000

Floating Rate ETF

—

2,600

—

—

—

2,959,000

Floating Rate

40,519

41,889

7,514

—

3,481,000

2,959,000

Floating Rate Multi-Sector Account Portfolio

41,344

41,889

—

—

3,749,000

1,454,000

Georgia Tax-Free Bond

30,530

30,755

—

—

3,749,000

1,454,000

Global Allocation

41,344

41,889

—

—

3,600,000

2,760,000

Global Consumer

24,030

24,055

—

—

3,732,000

2,037,000

Global Growth Stock

24,030

24,055

—

—

3,600,000

2,760,000

Global High Income Bond

35,966

36,351

—

—

3,732,000

2,037,000

Global Impact Equity

26,530

24,055

—

—

3,600,000

2,760,000

Global Industrials

24,030

24,055

—

—

3,732,000

2,037,000

122

       

Fund

Audit Fees

Tax Fees

Aggregate Fees Non-Audit Services to the Fund, T. Rowe Price, and any Entity Controlling, Controlled by, or Under Common Control with T. Rowe Price that Provides Ongoing Services to the Fund

Previous Fiscal Year

Current Fiscal Year

Previous Fiscal Year

Current Fiscal Year

Previous Fiscal Year

Current Fiscal Year

Global Multi-Sector Bond

35,141

36,351

6,334

—

3,481,000

2,959,000

Global Real Estate

24,030

24,055

—

—

3,732,000

2,037,000

Global Stock

24,030

24,055

—

—

3,600,000

2,760,000

Global Technology

24,030

24,055

—

—

3,732,000

2,037,000

Global Value Equity

24,030

24,055

—

—

3,600,000

2,760,000

GNMA

29,705

30,755

5,140

—

3,481,000

2,959,000

Government Money

22,599

23,429

3,581

—

3,481,000

2,959,000

Government Money Portfolio

23,424

—

—

—

3,732,000

—

Government Reserve

22,599

23,429

3,581

—

3,481,000

2,959,000

Growth Stock ETF

19,964

20,562

4,382

4,514

3,732,000

2,037,000

Growth Stock

41,344

41,889

—

—

3,732,000

2,037,000

Health Sciences

41,344

41,889

—

—

3,732,000

2,037,000

Health Sciences Portfolio

41,344

41,889

—

—

3,732,000

2,037,000

High Yield

40,519

41,889

7,514

—

3,481,000

2,959,000

High Yield Multi-Sector Account Portfolio

30,530

30,755

—

—

3,749,000

1,454,000

Inflation Protected Bond

29,705

30,755

5,140

—

3,481,000

2,959,000

Institutional Emerging Markets Bond

35,966

36,351

—

—

3,732,000

2,037,000

Institutional Emerging Markets Equity

24,030

24,055

—

—

3,600,000

2,760,000

Institutional Floating Rate

40,519

41,889

7,514

—

3,481,000

2,959,000

Institutional High Yield

40,519

41,889

7,514

—

3,481,000

2,959,000

Institutional International Disciplined Equity

24,030

24,055

—

—

3,600,000

2,760,000

Institutional Large-Cap Core Growth

21,464

21,409

—

—

3,732,000

2,037,000

Institutional Long Duration Credit

29,705

30,755

5,140

—

3,481,000

2,959,000

Institutional Mid-Cap Equity Growth

21,464

21,409

—

—

3,732,000

2,037,000

Institutional Small-Cap Stock

41,344

41,889

—

—

3,732,000

2,037,000

Integrated Global Equity

24,030

24,055

—

—

3,732,000

2,037,000

Integrated U.S. Large-Cap Value Equity

21,464

21,409

—

—

3,732,000

2,037,000

Integrated U.S. Small-Cap Growth Equity

21,464

21,409

—

—

3,732,000

2,037,000

Integrated U.S. Small-Mid Cap Core Equity

21,464

21,409

—

—

3,732,000

2,037,000

123

       

Fund

Audit Fees

Tax Fees

Aggregate Fees Non-Audit Services to the Fund, T. Rowe Price, and any Entity Controlling, Controlled by, or Under Common Control with T. Rowe Price that Provides Ongoing Services to the Fund

Previous Fiscal Year

Current Fiscal Year

Previous Fiscal Year

Current Fiscal Year

Previous Fiscal Year

Current Fiscal Year

Intermediate Tax-Free High Yield

30,530

30,755

—

—

3,749,000

1,454,000

International Bond

35,966

36,351

—

—

3,732,000

2,037,000

International Bond (USD Hedged)

35,966

36,351

—

—

3,732,000

2,037,000

International Disciplined Equity

24,030

24,055

—

—

3,600,000

2,760,000

International Discovery

24,030

24,055

—

—

3,600,000

2,760,000

International Equity Index

24,030

24,055

—

—

3,600,000

2,760,000

International Stock

24,030

24,055

—

—

3,600,000

2,760,000

International Stock Portfolio

24,030

24,055

—

—

3,732,000

2,037,000

International Value Equity

24,030

24,055

—

—

3,600,000

2,760,000

Investment-Grade Corporate Multi-Sector Account Portfolio

30,530

30,755

—

—

3,749,000

1,454,000

Japan

24,030

24,055

—

—

3,600,000

2,760,000

Large-Cap Growth

21,464

21,409

—

—

3,732,000

2,037,000

Large-Cap Value

21,464

21,409

—

—

3,732,000

2,037,000

Latin America

24,030

24,055

—

—

3,600,000

2,760,000

Limited Duration Inflation Focused Bond

29,705

30,755

5,140

—

3,481,000

2,959,000

Limited-Term Bond Portfolio

30,530

30,755

—

—

3,732,000

2,037,000

Maryland Short-Term Tax-Free Bond

30,530

30,755

—

—

3,749,000

1,454,000

Maryland Tax-Free Bond

30,530

30,755

—

—

3,749,000

1,454,000

Maryland Tax-Free Money

23,424

23,429

—

—

3,749,000

1,454,000

Mid-Cap Growth

21,464

21,409

—

—

3,732,000

2,037,000

Mid-Cap Growth Portfolio

21,464

21,409

—

—

3,732,000

2,037,000

Mid-Cap Index

21,464

21,409

—

—

3,732,000

2,037,000

Mid-Cap Value

21,464

21,409

—

—

3,732,000

2,037,000

Moderate Allocation Portfolio

41,344

41,889

—

—

3,732,000

2,037,000

Mortgage-Backed Securities Multi-Sector Account Portfolio

30,530

30,755

—

—

3,749,000

1,454,000

Multi-Strategy Total Return

66,958

68,153

—

—

3,600,000

2,760,000

New Asia

24,030

24,055

—

—

3,600,000

2,760,000

124

       

Fund

Audit Fees

Tax Fees

Aggregate Fees Non-Audit Services to the Fund, T. Rowe Price, and any Entity Controlling, Controlled by, or Under Common Control with T. Rowe Price that Provides Ongoing Services to the Fund

Previous Fiscal Year

Current Fiscal Year

Previous Fiscal Year

Current Fiscal Year

Previous Fiscal Year

Current Fiscal Year

New Era

21,464

21,409

—

—

3,732,000

2,037,000

New Horizons

41,344

41,889

—

—

3,732,000

2,037,000

New Income

29,705

30,755

5,140

—

3,481,000

2,959,000

New Jersey Tax-Free Bond

30,530

30,755

—

—

3,749,000

1,454,000

New York Tax-Free Bond

30,530

30,755

—

—

3,749,000

1,454,000

Overseas Stock

24,030

24,055

—

—

3,600,000

2,760,000

QM U.S. Bond ETF

17,595

29,899

3,314

6,563

3,600,000

2,760,000

QM U.S. Bond Index

30,530

30,755

—

—

3,600,000

2,760,000

Real Assets

21,464

21,409

—

—

3,732,000

2,037,000

Real Estate

21,464

21,409

—

—

3,732,000

2,037,000

Retirement 2005

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement 2010

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement 2015

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement 2020

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement 2025

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement 2030

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement 2035

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement 2040

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement 2045

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement 2050

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement 2055

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement 2060

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement 2065

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement Balanced

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement Blend 2005

1,250

13,183

—

—

3,481,000

2,959,000

Retirement Blend 2010

1,250

13,183

—

—

3,481,000

2,959,000

Retirement Blend 2015

1,250

13,183

—

—

3,481,000

2,959,000

Retirement Blend 2020

1,250

13,183

—

—

3,481,000

2,959,000

Retirement Blend 2025

1,250

13,183

—

—

3,481,000

2,959,000

Retirement Blend 2030

1,250

13,183

—

—

3,481,000

2,959,000

Retirement Blend 2035

1,250

13,183

—

—

3,481,000

2,959,000

Retirement Blend 2040

1,250

13,183

—

—

3,481,000

2,959,000

Retirement Blend 2045

1,250

13,183

—

—

3,481,000

2,959,000

Retirement Blend 2050

1,250

13,183

—

—

3,481,000

2,959,000

Retirement Blend 2055

1,250

13,183

—

—

3,481,000

2,959,000

Retirement Blend 2060

1,250

13,183

—

—

3,481,000

2,959,000

Retirement Blend 2065

1,250

13,183

—

—

3,481,000

2,959,000

Retirement I 2005 Fund—I Class

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement I 2010 Fund—I Class

12,653

13,183

1,397

—

3,481,000

2,959,000

125

       

Fund

Audit Fees

Tax Fees

Aggregate Fees Non-Audit Services to the Fund, T. Rowe Price, and any Entity Controlling, Controlled by, or Under Common Control with T. Rowe Price that Provides Ongoing Services to the Fund

Previous Fiscal Year

Current Fiscal Year

Previous Fiscal Year

Current Fiscal Year

Previous Fiscal Year

Current Fiscal Year

Retirement I 2015 Fund—I Class

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement I 2020 Fund—I Class

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement I 2025 Fund—I Class

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement I 2030 Fund—I Class

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement I 2035 Fund—I Class

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement I 2040 Fund—I Class

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement I 2045 Fund—I Class

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement I 2050 Fund—I Class

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement I 2055 Fund—I Class

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement I 2060 Fund—I Class

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement I 2065 Fund—I Class

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement Balanced I Fund—I Class

12,653

13,183

1,397

—

3,481,000

2,959,000

Retirement Income 2020

13,478

13,183

—

—

3,732,000

2,037,000

Science & Technology

21,464

21,409

—

—

3,732,000

2,037,000

Short Duration Income

29,705

30,755

5,140

—

3,481,000

2,959,000

Short-Term

22,599

—

3,581

—

3,481,000

—

Short-Term Bond

29,705

30,755

5,140

—

3,481,000

2,959,000

Short-Term Government

—

—

—

—

—

—

Small-Cap Index

21,464

21,409

—

—

3,732,000

2,037,000

Small-Cap Stock

41,344

41,889

—

—

3,732,000

2,037,000

Small-Cap Value

41,344

41,889

—

—

3,732,000

2,037,000

Spectrum Conservative Allocation

29,705

30,755

5,140

—

3,481,000

2,959,000

Spectrum Diversified Equity

13,478

13,183

—

—

3,732,000

2,037,000

Spectrum Income

13,478

13,183

—

—

3,732,000

2,037,000

Spectrum International Equity

13,478

13,183

—

—

3,732,000

2,037,000

Spectrum Moderate Allocation

40,519

41,889

7,514

—

3,481,000

2,959,000

Spectrum Moderate Growth Allocation

40,519

41,889

7,514

—

3,481,000

2,959,000

126

       

Fund

Audit Fees

Tax Fees

Aggregate Fees Non-Audit Services to the Fund, T. Rowe Price, and any Entity Controlling, Controlled by, or Under Common Control with T. Rowe Price that Provides Ongoing Services to the Fund

Previous Fiscal Year

Current Fiscal Year

Previous Fiscal Year

Current Fiscal Year

Previous Fiscal Year

Current Fiscal Year

Summit Municipal Income

30,530

30,755

—

—

3,600,000

2,760,000

Summit Municipal Intermediate

30,530

30,755

—

—

3,600,000

2,760,000

Target 2005

12,653

13,183

1,397

—

3,481,000

2,959,000

Target 2010

12,653

13,183

1,397

—

3,481,000

2,959,000

Target 2015

12,653

13,183

1,397

—

3,481,000

2,959,000

Target 2020

12,653

13,183

1,397

—

3,481,000

2,959,000

Target 2025

12,653

13,183

1,397

—

3,481,000

2,959,000

Target 2030

12,653

13,183

1,397

—

3,481,000

2,959,000

Target 2035

12,653

13,183

1,397

—

3,481,000

2,959,000

Target 2040

12,653

13,183

1,397

—

3,481,000

2,959,000

Target 2045

12,653

13,183

1,397

—

3,481,000

2,959,000

Target 2050

12,653

13,183

1,397

—

3,481,000

2,959,000

Target 2055

12,653

13,183

1,397

—

3,481,000

2,959,000

Target 2060

12,653

13,183

1,397

—

3,481,000

2,959,000

Target 2065

12,653

13,183

1,397

—

3,481,000

2,959,000

Tax-Efficient Equity

21,464

21,409

—

—

3,749,000

1,454,000

Tax-Exempt Money

29,924

23,429

—

—

3,749,000

1,454,000

Tax-Free High Yield

30,530

30,755

—

—

3,749,000

1,454,000

Tax-Free Income

30,530

30,755

—

—

3,749,000

1,454,000

Tax-Free Short-Intermediate

30,530

30,755

—

—

3,749,000

1,454,000

Total Equity Market Index

21,464

21,409

—

—

3,732,000

2,037,000

Total Return ETF

2,500

29,899

—

6,563

3,481,000

2,959,000

Total Return

40,519

41,889

7,514

—

3,481,000

2,959,000

Transition

21,464

21,409

—

—

3,732,000

2,037,000

Treasury Reserve

22,599

23,429

3,581

—

3,481,000

2,959,000

U.S. Equity Research ETF

22,464

20,562

4,382

4,514

2,732,000

3,732,000

U.S. Equity Research

25,964

21,409

—

—

3,732,000

2,037,000

U.S. High Yield ETF

—

2,600

—

—

—

2,959,000

U.S. High Yield

29,705

30,755

5,140

—

3,481,000

2,959,000

U.S. Large-Cap Core

21,464

21,409

—

—

3,732,000

2,037,000

U.S. Limited Duration TIPS Index

29,705

30,755

5,140

—

3,481,000

2,959,000

U.S. Treasury Intermediate Index

29,705

30,755

5,140

—

3,481,000

2,959,000

U.S. Treasury Long-Term Index

29,705

30,755

5,140

—

3,481,000

2,959,000

U.S. Treasury Money

22,599

23,429

3,581

—

3,481,000

2,959,000

Ultra Short-Term Bond ETF

2,500

29,899

—

6,563

3,481,000

2,959,000

Ultra Short-Term Bond

29,705

30,755

5,140

—

3,481,000

2,959,000

127

       

Fund

Audit Fees

Tax Fees

Aggregate Fees Non-Audit Services to the Fund, T. Rowe Price, and any Entity Controlling, Controlled by, or Under Common Control with T. Rowe Price that Provides Ongoing Services to the Fund

Previous Fiscal Year

Current Fiscal Year

Previous Fiscal Year

Current Fiscal Year

Previous Fiscal Year

Current Fiscal Year

Value

21,464

21,409

—

—

3,732,000

2,037,000

Virginia Tax-Free Bond

30,530

30,755

—

—

3,749,000

1,454,000

128

Exhibit 1

T. ROWE PRICE FUNDS

   

Funds

Ticker

Fiscal
Year

T. ROWE PRICE ALL-CAP OPPORTUNITIES FUND, INC.

  

T. Rowe Price All-Cap Opportunities Fund

PRWAX

12/31

T. Rowe Price All-Cap Opportunities Fund—Advisor Class

PAWAX

12/31

T. Rowe Price All-Cap Opportunities Fund—I Class

PNAIX

12/31

T. ROWE PRICE BALANCED FUND, INC.

  

T. Rowe Price Balanced Fund

RPBAX

12/31

T. Rowe Price Balanced Fund—I Class

RBAIX

12/31

T. ROWE PRICE BLUE CHIP GROWTH FUND, INC.

  

T. Rowe Price Blue Chip Growth Fund

TRBCX

12/31

T. Rowe Price Blue Chip Growth Fund—Advisor Class

PABGX

12/31

T. Rowe Price Blue Chip Growth Fund—I Class

TBCIX

12/31

T. Rowe Price Blue Chip Growth Fund—R Class

RRBGX

12/31

T. Rowe Price Blue Chip Growth Fund—Z Class

TRZBX

12/31

T. ROWE PRICE CAPITAL APPRECIATION FUND, INC.

  

T. Rowe Price Capital Appreciation Fund

PRWCX

12/31

T. Rowe Price Capital Appreciation Fund—Advisor Class

PACLX

12/31

T. Rowe Price Capital Appreciation Fund—I Class

TRAIX

12/31

T. ROWE PRICE COMMUNICATIONS & TECHNOLOGY FUND, INC.

  

T. Rowe Price Communications & Technology Fund

PRMTX

12/31

T. Rowe Price Communications & Technology Fund—I Class

TTMIX

12/31

T. ROWE PRICE CORPORATE INCOME FUND, INC.

  

T. Rowe Price Corporate Income Fund

PRPIX

5/31

T. Rowe Price Corporate Income Fund—I Class

TICCX

5/31

T. Rowe Price Corporate Income Fund—Z Class

TRZCX

5/31

T. ROWE PRICE CREDIT OPPORTUNITIES FUND, INC.

  

T. Rowe Price Credit Opportunities Fund

PRCPX

5/31

T. Rowe Price Credit Opportunities Fund—Advisor Class

PAOPX

5/31

T. Rowe Price Credit Opportunities Fund—I Class

TCRRX

5/31

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND, INC.

  

T. Rowe Price Diversified Mid-Cap Growth Fund

PRDMX

12/31

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

RPTTX

12/31

T. ROWE PRICE DIVIDEND GROWTH FUND, INC.

  

T. Rowe Price Dividend Growth Fund

PRDGX

12/31

T. Rowe Price Dividend Growth Fund—Advisor Class

TADGX

12/31

T. Rowe Price Dividend Growth Fund—I Class

PDGIX

12/31

T. Rowe Price Dividend Growth Fund—Z Class

TRZDX

12/31

T. ROWE PRICE EQUITY FUNDS, INC.

 

 

T. Rowe Price Institutional Large-Cap Core Growth Fund

TPLGX

12/31

T. Rowe Price Institutional Mid-Cap Equity Growth Fund

PMEGX

12/31

T. Rowe Price Institutional Small-Cap Stock Fund

TRSSX

12/31

T. Rowe Price Large-Cap Growth Fund

TRGOX

12/31

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

TRLGX

12/31

T. Rowe Price Large-Cap Value Fund

TRLUX

12/31

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

TILCX

12/31

T. ROWE PRICE EQUITY INCOME FUND, INC.

  

T. Rowe Price Equity Income Fund

PRFDX

12/31

T. Rowe Price Equity Income Fund—Advisor Class

PAFDX

12/31

T. Rowe Price Equity Income Fund—I Class

REIPX

12/31

T. Rowe Price Equity Income Fund—R Class

RRFDX

12/31

T. Rowe Price Equity Income Fund—Z Class

TRZQX

12/31

129

   

Funds

Ticker

Fiscal
Year

T. ROWE PRICE EQUITY SERIES, INC.

  

T. Rowe Price All-Cap Opportunities Portfolio

QAOSWX

12/31

T. Rowe Price Blue Chip Growth Portfolio

QAAAJX

12/31

T. Rowe Price Blue Chip Growth Portfolio—II

QAAGXX

12/31

T. Rowe Price Equity Income Portfolio

QAAHCX

12/31

T. Rowe Price Equity Income Portfolio—II

QAAHAX

12/31

T. Rowe Price Equity Index 500 Portfolio

QAAGTX

12/31

T. Rowe Price Health Sciences Portfolio

QAAGZX

12/31

T. Rowe Price Health Sciences Portfolio—II

QAAHBX

12/31

T. Rowe Price Mid-Cap Growth Portfolio

QAMWEX

12/31

T. Rowe Price Mid-Cap Growth Portfolio—II

QAAGSX

12/31

T. Rowe Price Moderate Allocation Portfolio

QAAGRX

12/31

T. ROWE PRICE EXCHANGE-TRADED FUNDS, INC.

  

T. Rowe Price Blue Chip Growth ETF

TCHP

12/31

T. Rowe Price Capital Appreciation Equity ETF

TCAF

12/31

T. Rowe Price Dividend Growth ETF

TDVG

12/31

T. Rowe Price Equity Income ETF

TEQI

12/31

T. Rowe Price Floating Rate ETF

TFLR

5/31

T. Rowe Price Growth ETF

TGRT

12/31

T. Rowe Price Growth Stock ETF

TGRW

12/31

T. Rowe Price International Equity ETF

TOUS

10/31

T. Rowe Price QM U.S. Bond ETF

TAGG

10/31

T. Rowe Price Small-Mid Cap ETF

TMSL

12/31

T. Rowe Price Total Return ETF

TOTR

5/31

T. Rowe Price Ultra Short-Term Bond ETF

TBUX

5/31

T. Rowe Price U.S. Equity Research ETF

TSPA

12/31

T. Rowe Price U.S. High Yield ETF

THYF

5/31

T. Rowe Price Value ETF

TVAL

12/31

T. ROWE PRICE FINANCIAL SERVICES FUND, INC.

  

T. Rowe Price Financial Services Fund

PRISX

12/31

T. Rowe Price Financial Services Fund—I Class

TFIFX

12/31

T. ROWE PRICE FIXED INCOME SERIES, INC.

  

T. Rowe Price Limited-Term Bond Portfolio

QAAGWX

12/31

T. Rowe Price Limited-Term Bond Portfolio—II

QAAGUX

12/31

T. ROWE PRICE FLOATING RATE FUND, INC.

  

T. Rowe Price Floating Rate Fund

PRFRX

5/31

T. Rowe Price Floating Rate Fund—Advisor Class

PAFRX

5/31

T. Rowe Price Floating Rate Fund—I Class

TFAIX

5/31

T. Rowe Price Floating Rate Fund—Z Class

TRIZX

5/31

T. ROWE PRICE GLOBAL ALLOCATION FUND, INC.

  

T. Rowe Price Global Allocation Fund

RPGAX

10/31

T. Rowe Price Global Allocation Fund—Advisor Class

PAFGX

10/31

T. Rowe Price Global Allocation Fund—I Class

TGAFX

10/31

T. ROWE PRICE GLOBAL FUNDS, INC.

  

T. Rowe Price Global Value Equity Fund

TRGVX

10/31

T. Rowe Price Global Value Equity Fund—I Class

PRIGX

10/31

T. Rowe Price Institutional Emerging Markets Bond Fund

TREBX

12/31

T. Rowe Price Institutional Emerging Markets Equity Fund

IEMFX

10/31

T. Rowe Price Institutional International Disciplined Equity Fund

RPICX

10/31

T. ROWE PRICE GLOBAL MULTI-SECTOR BOND FUND, INC.

  

T. Rowe Price Global Multi-Sector Bond Fund

PRSNX

5/31

T. Rowe Price Global Multi-Sector Bond Fund—Advisor Class

PRSAX

5/31

T. Rowe Price Global Multi-Sector Bond Fund—I Class

PGMSX

5/31

130

   

Funds

Ticker

Fiscal
Year

T. ROWE PRICE GLOBAL REAL ESTATE FUND, INC.

  

T. Rowe Price Global Real Estate Fund

TRGRX

12/31

T. Rowe Price Global Real Estate Fund—Advisor Class

PAGEX

12/31

T. Rowe Price Global Real Estate Fund—I Class

TIRGX

12/31

T. ROWE PRICE GLOBAL TECHNOLOGY FUND, INC.

  

T. Rowe Price Global Technology Fund

PRGTX

12/31

T. Rowe Price Global Technology Fund—I Class

PGTIX

12/31

T. ROWE PRICE GNMA FUND, INC.

  

T. Rowe Price GNMA Fund

PRGMX

5/31

T. Rowe Price GNMA Fund—I Class

PRXAX

5/31

T. Rowe Price GNMA Fund—Z Class

TRZGX

5/31

T. ROWE PRICE GOVERNMENT MONEY FUND, INC.

  

T. Rowe Price Government Money Fund

PRRXX

5/31

T. Rowe Price Government Money Fund—I Class

TTGXX

5/31

T. ROWE PRICE GROWTH STOCK FUND, INC.

  

T. Rowe Price Growth Stock Fund

PRGFX

12/31

T. Rowe Price Growth Stock Fund—Advisor Class

TRSAX

12/31

T. Rowe Price Growth Stock Fund—I Class

PRUFX

12/31

T. Rowe Price Growth Stock Fund—R Class

RRGSX

12/31

T. Rowe Price Growth Stock Fund—Z Class

TRJZX

12/31

T. ROWE PRICE HEALTH SCIENCES FUND, INC.

  

T. Rowe Price Health Sciences Fund

PRHSX

12/31

T. Rowe Price Health Sciences Fund—I Class

THISX

12/31

T. ROWE PRICE HIGH YIELD FUND, INC.

  

T. Rowe Price High Yield Fund

PRHYX

5/31

T. Rowe Price High Yield Fund—Advisor Class

PAHIX

5/31

T. Rowe Price High Yield Fund—I Class

PRHIX

5/31

T. Rowe Price High Yield Fund—Z Class

TRKZX

5/31

T. Rowe Price U.S. High Yield Fund

TUHYX

5/31

T. Rowe Price U.S. High Yield Fund—Advisor Class

TUHAX

5/31

T. Rowe Price U.S. High Yield Fund—I Class

TUHIX

5/31

T. ROWE PRICE INDEX TRUST, INC.

  

T. Rowe Price Equity Index 500 Fund

PREIX

12/31

T. Rowe Price Equity Index 500 Fund—I Class

PRUIX

12/31

T. Rowe Price Equity Index 500 Fund—Z Class

TRHZX

12/31

T. Rowe Price Extended Equity Market Index Fund

PEXMX

12/31

T. Rowe Price Mid-Cap Index Fund

TRMNX

12/31

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

TRMSX

12/31

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

TRSZX

12/31

T. Rowe Price Small-Cap Index Fund

TRSYX

12/31

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

TRCSX

12/31

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

TRZIX

12/31

T. Rowe Price Total Equity Market Index Fund

POMIX

12/31

T. Rowe Price U.S. Limited Duration TIPS Index Fund

TLDTX

5/31

T. Rowe Price U.S. Limited Duration TIPS Index Fund—I Class

TLDUX

5/31

T. Rowe Price U.S. Limited Duration TIPS Index Fund—Z Class

TLDZX

5/31

T. ROWE PRICE INFLATION PROTECTED BOND FUND, INC.

  

T. Rowe Price Inflation Protected Bond Fund

PRIPX

5/31

T. Rowe Price Inflation Protected Bond Fund—I Class

TIIPX

5/31

T. Rowe Price Inflation Protected Bond Fund—Z Class

TRZHX

5/31

131

   

Funds

Ticker

Fiscal
Year

T. ROWE PRICE INSTITUTIONAL INCOME FUNDS, INC.

  

T. Rowe Price Institutional Floating Rate Fund

RPIFX

5/31

T. Rowe Price Institutional Floating Rate Fund—F Class

PFFRX

5/31

T. Rowe Price Institutional Floating Rate Fund—Z Class

TRAZX

5/31

T. Rowe Price Institutional High Yield Fund

TRHYX

5/31

T. Rowe Price Institutional High Yield Fund—Z Class

TRCZX

5/31

T. Rowe Price Institutional Long Duration Credit Fund

RPLCX

5/31

T. ROWE PRICE INTEGRATED EQUITY FUNDS, INC. (formerly T. ROWE PRICE QUANTITATIVE MANAGEMENT FUNDS, INC.)

  

T. Rowe Price Integrated Global Equity Fund (formerly T. Rowe Price QM Global Equity Fund)

TQGEX

12/31

T. Rowe Price Integrated Global Equity Fund—Advisor Class (formerly T. Rowe Price QM Global Equity Fund—Advisor Class)

TQGAX

12/31

T. Rowe Price Integrated Global Equity Fund—I Class (formerly T. Rowe Price QM Global Equity Fund—I Class)

TQGIX

12/31

T. Rowe Price Integrated U.S. Large-Cap Value Equity Fund (formerly T. Rowe Price QM U.S. Value Equity Fund)

TQMVX

12/31

T. Rowe Price Integrated U.S. Large-Cap Value Equity Fund—Advisor Class (formerly T. Rowe Price QM U.S. Value Equity Fund—Advisor Class)

TQVAX

12/31

T. Rowe Price Integrated U.S. Large-Cap Value Equity Fund—I Class (formerly T. Rowe Price QM U.S. Value Equity Fund—I Class)

TQVIX

12/31

T. Rowe Price Integrated U.S. Small-Cap Growth Equity Fund (formerly T. Rowe Price QM U.S. Small-Cap Growth Equity Fund)

PRDSX

12/31

T. Rowe Price Integrated U.S. Small-Cap Growth Equity Fund—Advisor Class (formerly T. Rowe Price QM U.S. Small-Cap Growth Equity Fund—Advisor Class)

TQAAX

12/31

T. Rowe Price Integrated U.S. Small-Cap Growth Equity Fund—I Class (formerly T. Rowe Price QM U.S. Small-Cap Growth Equity Fund—I Class)

TQAIX

12/31

T. Rowe Price Integrated U.S. Small-Mid Cap Core Equity Fund (formerly T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund)

TQSMX

12/31

T. Rowe Price Integrated U.S. Small-Mid Cap Core Equity Fund—Advisor Class (formerly T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund—Advisor Class)

TQSAX

12/31

T. Rowe Price Integrated U.S. Small-Mid Cap Core Equity Fund—I Class (formerly T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund—I Class)

TQSIX

12/31

T. ROWE PRICE INTERMEDIATE TAX-FREE HIGH YIELD FUND, INC.

  

T. Rowe Price Intermediate Tax-Free High Yield Fund

PRIHX

2/28

T. Rowe Price Intermediate Tax-Free High Yield Fund—Advisor Class

PRAHX

2/28

T. Rowe Price Intermediate Tax-Free High Yield Fund—I Class

TFHAX

2/28

T. ROWE PRICE INTERNATIONAL FUNDS, INC.

  

T. Rowe Price Africa & Middle East Fund

TRAMX

10/31

T. Rowe Price Africa & Middle East Fund—I Class

PRAMX

10/31

T. Rowe Price Africa & Middle East Fund—Z Class

TRZMX

10/31

T. Rowe Price Asia Opportunities Fund

TRAOX

10/31

T. Rowe Price Asia Opportunities Fund—Advisor Class

PAAOX

10/31

T. Rowe Price Asia Opportunities Fund—I Class

TRASX

10/31

T. Rowe Price China Evolution Equity Fund

TCELX

10/31

T. Rowe Price China Evolution Equity Fund—I Class

TRCLX

10/31

T. Rowe Price Dynamic Credit Fund

RPIDX

12/31

T. Rowe Price Dynamic Credit Fund—I Class

RPELX

12/31

T. Rowe Price Dynamic Global Bond Fund

RPIEX

12/31

T. Rowe Price Dynamic Global Bond Fund—Advisor Class

PAIEX

12/31

T. Rowe Price Dynamic Global Bond Fund—I Class

RPEIX

12/31

T. Rowe Price Dynamic Global Bond Fund—Z Class

TRDZX

12/31

132

   

Funds

Ticker

Fiscal
Year

T. Rowe Price Emerging Europe Fund

TREMX

10/31

T. Rowe Price Emerging Europe Fund—I Class

TTEEX

10/31

T. Rowe Price Emerging Europe Fund—Z Class

TRZEX

10/31

T. Rowe Price Emerging Markets Bond Fund

PREMX

12/31

T. Rowe Price Emerging Markets Bond Fund—Advisor Class

PAIKX

12/31

T. Rowe Price Emerging Markets Bond Fund—I Class

PRXIX

12/31

T. Rowe Price Emerging Markets Bond Fund—Z Class

TREZX

12/31

T. Rowe Price Emerging Markets Corporate Bond Fund

TRECX

12/31

T. Rowe Price Emerging Markets Corporate Bond Fund—Advisor Class

PACEX

12/31

T. Rowe Price Emerging Markets Corporate Bond Fund—I Class

TECIX

12/31

T. Rowe Price Emerging Markets Discovery Stock Fund

PRIJX

10/31

T. Rowe Price Emerging Markets Discovery Stock Fund—Advisor Class

PAIJX

10/31

T. Rowe Price Emerging Markets Discovery Stock Fund—I Class

REVIX

10/31

T. Rowe Price Emerging Markets Discovery Stock Fund—Z Class

TRFZX

10/31

T. Rowe Price Emerging Markets Local Currency Bond Fund

PRELX

12/31

T. Rowe Price Emerging Markets Local Currency Bond Fund—Advisor Class

PAELX

12/31

T. Rowe Price Emerging Markets Local Currency Bond Fund—I Class

TEIMX

12/31

T. Rowe Price Emerging Markets Local Currency Bond Fund—Z Class

TRZFX

12/31

T. Rowe Price Emerging Markets Stock Fund

PRMSX

10/31

T. Rowe Price Emerging Markets Stock Fund—I Class

PRZIX

10/31

T. Rowe Price Emerging Markets Stock Fund—Z Class

TRGZX

10/31

T. Rowe Price European Stock Fund

PRESX

10/31

T. Rowe Price European Stock Fund—I Class

TEUIX

10/31

T. Rowe Price European Stock Fund—Z Class

TRZPX

10/31

T. Rowe Price Global Consumer Fund

PGLOX

12/31

T. Rowe Price Global Growth Stock Fund

RPGEX

10/31

T. Rowe Price Global Growth Stock Fund—Advisor Class

PAGLX

10/31

T. Rowe Price Global Growth Stock Fund—I Class

RGGIX

10/31

T. Rowe Price Global High Income Bond Fund

RPIHX

12/31

T. Rowe Price Global High Income Bond Fund—Advisor Class

PAIHX

12/31

T. Rowe Price Global High Income Bond Fund—I Class

RPOIX

12/31

T. Rowe Price Global Impact Equity Fund

TGPEX

10/31

T. Rowe Price Global Impact Equity Fund—I Class

TGBLX

10/31

T. Rowe Price Global Industrials Fund

RPGIX

12/31

T. Rowe Price Global Industrials Fund—I Class

TRGAX

12/31

T. Rowe Price Global Stock Fund

PRGSX

10/31

T. Rowe Price Global Stock Fund—Advisor Class

PAGSX

10/31

T. Rowe Price Global Stock Fund—I Class

TRGLX

10/31

T. Rowe Price International Bond Fund

RPIBX

12/31

T. Rowe Price International Bond Fund—Advisor Class

PAIBX

12/31

T. Rowe Price International Bond Fund—I Class

RPISX

12/31

T. Rowe Price International Bond Fund—Z Class

TRLZX

12/31

T. Rowe Price International Bond Fund (USD Hedged)

TNIBX

12/31

T. Rowe Price International Bond Fund (USD Hedged)—Advisor Class

TTABX

12/31

T. Rowe Price International Bond Fund (USD Hedged)—I Class

TNBMX

12/31

T. Rowe Price International Bond Fund (USD Hedged)—Z Class

TRMZX

12/31

T. Rowe Price International Disciplined Equity Fund

PRCNX

10/31

T. Rowe Price International Disciplined Equity Fund—Advisor Class

PRNCX

10/31

T. Rowe Price International Disciplined Equity Fund—I Class

RICIX

10/31

T. Rowe Price International Discovery Fund

PRIDX

10/31

T. Rowe Price International Discovery Fund—I Class

TIDDX

10/31

T. Rowe Price International Discovery Fund—Z Class

TRZKX

10/31

133

   

Funds

Ticker

Fiscal
Year

T. Rowe Price International Stock Fund

PRITX

10/31

T. Rowe Price International Stock Fund—Advisor Class

PAITX

10/31

T. Rowe Price International Stock Fund—I Class

PRIUX

10/31

T. Rowe Price International Stock Fund—R Class

RRITX

10/31

T. Rowe Price International Stock Fund—Z Class

TRNZX

10/31

T. Rowe Price International Value Equity Fund

TRIGX

10/31

T. Rowe Price International Value Equity Fund—Advisor Class

PAIGX

10/31

T. Rowe Price International Value Equity Fund—I Class

TRTIX

10/31

T. Rowe Price International Value Equity Fund—R Class

RRIGX

10/31

T. Rowe Price International Value Equity Fund—Z Class

TROZX

10/31

T. Rowe Price Japan Fund

PRJPX

10/31

T. Rowe Price Japan Fund—I Class

RJAIX

10/31

T. Rowe Price Japan Fund—Z Class

TRZJX

10/31

T. Rowe Price Latin America Fund

PRLAX

10/31

T. Rowe Price Latin America Fund—I Class

RLAIX

10/31

T. Rowe Price Latin America Fund—Z Class

TRZYX

10/31

T. Rowe Price New Asia Fund

PRASX

10/31

T. Rowe Price New Asia Fund—I Class

PNSIX

10/31

T. Rowe Price New Asia Fund—Z Class

TRZNX

10/31

T. Rowe Price Overseas Stock Fund

TROSX

10/31

T. Rowe Price Overseas Stock Fund—Advisor Class

PAEIX

10/31

T. Rowe Price Overseas Stock Fund—I Class

TROIX

10/31

T. Rowe Price Overseas Stock Fund—Z Class

TRZSX

10/31

T. ROWE PRICE INTERNATIONAL INDEX FUND, INC.

  

T. Rowe Price International Equity Index Fund

PIEQX

10/31

T. Rowe Price International Equity Index Fund—Z Class

TLIEX

10/31

T. ROWE PRICE INTERNATIONAL SERIES, INC.

  

T. Rowe Price International Stock Portfolio

QAAGYX

12/31

T. ROWE PRICE LIMITED DURATION INFLATION FOCUSED BOND FUND, INC.

  

T. Rowe Price Limited Duration Inflation Focused Bond Fund

TRBFX

5/31

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

TRLDX

5/31

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

TRPZX

5/31

T. ROWE PRICE MID-CAP GROWTH FUND, INC.

  

T. Rowe Price Mid-Cap Growth Fund

RPMGX

12/31

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

PAMCX

12/31

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

RPTIX

12/31

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

RRMGX

12/31

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

TRQZX

12/31

T. ROWE PRICE MID-CAP VALUE FUND, INC.

  

T. Rowe Price Mid-Cap Value Fund

TRMCX

12/31

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

TAMVX

12/31

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

TRMIX

12/31

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

RRMVX

12/31

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

TRTZX

12/31

T. ROWE PRICE MULTI-SECTOR ACCOUNT PORTFOLIOS, INC.

  

T. Rowe Price Emerging Markets Corporate Multi-Sector Account Portfolio

 

12/31

T. Rowe Price Emerging Markets Local Multi-Sector Account Portfolio

 

12/31

T. Rowe Price Floating Rate Multi-Sector Account Portfolio

 

2/28

T. Rowe Price High Yield Multi-Sector Account Portfolio

 

2/28

T. Rowe Price Investment-Grade Corporate Multi-Sector Account Portfolio

 

2/28

T. Rowe Price Mortgage-Backed Securities Multi-Sector Account Portfolio

 

2/28

134

   

Funds

Ticker

Fiscal
Year

T. ROWE PRICE MULTI-STRATEGY TOTAL RETURN FUND, INC.

  

T. Rowe Price Multi-Strategy Total Return Fund

TMSRX

10/31

T. Rowe Price Multi-Strategy Total Return Fund—Advisor Class

TMSAX

10/31

T. Rowe Price Multi-Strategy Total Return Fund—I Class

TMSSX

10/31

T. ROWE PRICE NEW ERA FUND, INC.

  

T. Rowe Price New Era Fund

PRNEX

12/31

T. Rowe Price New Era Fund—I Class

TRNEX

12/31

T. ROWE PRICE NEW HORIZONS FUND, INC.

  

T. Rowe Price New Horizons Fund

PRNHX

12/31

T. Rowe Price New Horizons Fund—I Class

PRJIX

12/31

T. Rowe Price New Horizons Fund—Z Class

TRUZX

12/31

T. ROWE PRICE NEW INCOME FUND, INC.

  

T. Rowe Price New Income Fund

PRCIX

5/31

T. Rowe Price New Income Fund—Advisor Class

PANIX

5/31

T. Rowe Price New Income Fund—I Class

PRXEX

5/31

T. Rowe Price New Income Fund—R Class

RRNIX

5/31

T. Rowe Price New Income Fund—Z Class

TRVZX

5/31

T. ROWE PRICE QM U.S. BOND INDEX FUND, INC.

  

T. Rowe Price QM U.S. Bond Index Fund

PBDIX

10/31

T. Rowe Price QM U.S. Bond Index Fund—I Class

TSBLX

10/31

T. Rowe Price QM U.S. Bond Index Fund—Z Class

TSBZX

10/31

T. ROWE PRICE REAL ASSETS FUND, INC.

  

T. Rowe Price Real Assets Fund

PRAFX

12/31

T. Rowe Price Real Assets Fund—I Class

PRIKX

12/31

T. Rowe Price Real Assets Fund—Z Class

TRZRX

12/31

T. ROWE PRICE REAL ESTATE FUND, INC.

  

T. Rowe Price Real Estate Fund

TRREX

12/31

T. Rowe Price Real Estate Fund—Advisor Class

PAREX

12/31

T. Rowe Price Real Estate Fund—I Class

TIRRX

12/31

T. ROWE PRICE RESERVE INVESTMENT FUNDS, INC.

  

T. Rowe Price Government Reserve Fund

 

5/31

T. Rowe Price Short-Term Fund

 

5/31

T. Rowe Price Short-Term Government Fund

 

5/31

T. Rowe Price Transition Fund

 

12/31

T. Rowe Price Treasury Reserve Fund

 

5/31

T. ROWE PRICE RETIREMENT FUNDS, INC.

  

T. Rowe Price Retirement 2005 Fund

TRRFX

5/31

T. Rowe Price Retirement 2005 Fund—Advisor Class

PARGX

5/31

T. Rowe Price Retirement 2005 Fund—R Class

RRTLX

5/31

T. Rowe Price Retirement 2010 Fund

TRRAX

5/31

T. Rowe Price Retirement 2010 Fund—Advisor Class

PARAX

5/31

T. Rowe Price Retirement 2010 Fund—R Class

RRTAX

5/31

T. Rowe Price Retirement 2015 Fund

TRRGX

5/31

T. Rowe Price Retirement 2015 Fund—Advisor Class

PARHX

5/31

T. Rowe Price Retirement 2015 Fund—R Class

RRTMX

5/31

T. Rowe Price Retirement 2020 Fund

TRRBX

5/31

T. Rowe Price Retirement 2020 Fund—Advisor Class

PARBX

5/31

T. Rowe Price Retirement 2020 Fund—R Class

RRTBX

5/31

T. Rowe Price Retirement 2025 Fund

TRRHX

5/31

T. Rowe Price Retirement 2025 Fund—Advisor Class

PARJX

5/31

T. Rowe Price Retirement 2025 Fund—R Class

RRTNX

5/31

T. Rowe Price Retirement 2030 Fund

TRRCX

5/31

T. Rowe Price Retirement 2030 Fund—Advisor Class

PARCX

5/31

135

   

Funds

Ticker

Fiscal
Year

T. Rowe Price Retirement 2030 Fund—R Class

RRTCX

5/31

T. Rowe Price Retirement 2035 Fund

TRRJX

5/31

T. Rowe Price Retirement 2035 Fund—Advisor Class

PARKX

5/31

T. Rowe Price Retirement 2035 Fund—R Class

RRTPX

5/31

T. Rowe Price Retirement 2040 Fund

TRRDX

5/31

T. Rowe Price Retirement 2040 Fund—Advisor Class

PARDX

5/31

T. Rowe Price Retirement 2040 Fund—R Class

RRTDX

5/31

T. Rowe Price Retirement 2045 Fund

TRRKX

5/31

T. Rowe Price Retirement 2045 Fund—Advisor Class

PARLX

5/31

T. Rowe Price Retirement 2045 Fund—R Class

RRTRX

5/31

T. Rowe Price Retirement 2050 Fund

TRRMX

5/31

T. Rowe Price Retirement 2050 Fund—Advisor Class

PARFX

5/31

T. Rowe Price Retirement 2050 Fund—R Class

RRTFX

5/31

T. Rowe Price Retirement 2055 Fund

TRRNX

5/31

T. Rowe Price Retirement 2055 Fund—Advisor Class

PAROX

5/31

T. Rowe Price Retirement 2055 Fund—R Class

RRTVX

5/31

T. Rowe Price Retirement 2060 Fund

TRRLX

5/31

T. Rowe Price Retirement 2060 Fund—Advisor Class

TRRYX

5/31

T. Rowe Price Retirement 2060 Fund—R Class

TRRZX

5/31

T. Rowe Price Retirement 2065 Fund

TRSJX

5/31

T. Rowe Price Retirement 2065 Fund—Advisor Class

PASUX

5/31

T. Rowe Price Retirement 2065 Fund—R Class

RRSUX

5/31

T. Rowe Price Retirement Balanced Fund

TRRIX

5/31

T. Rowe Price Retirement Balanced Fund—Advisor Class

PARIX

5/31

T. Rowe Price Retirement Balanced Fund—R Class

RRTIX

5/31

T. Rowe Price Retirement Blend 2005 Fund

TBLPX

5/31

T. Rowe Price Retirement Blend 2005 Fund—I Class

TBLAX

5/31

T. Rowe Price Retirement Blend 2010 Fund

TBLQX

5/31

T. Rowe Price Retirement Blend 2010 Fund—I Class

TBLBX

5/31

T. Rowe Price Retirement Blend 2015 Fund

TBLSX

5/31

T. Rowe Price Retirement Blend 2015 Fund—I Class

TBLCX

5/31

T. Rowe Price Retirement Blend 2020 Fund

TSBAX

5/31

T. Rowe Price Retirement Blend 2020 Fund—I Class

TBLDX

5/31

T. Rowe Price Retirement Blend 2025 Fund

TBLVX

5/31

T. Rowe Price Retirement Blend 2025 Fund—I Class

TBLEX

5/31

T. Rowe Price Retirement Blend 2030 Fund

TBLWX

5/31

T. Rowe Price Retirement Blend 2030 Fund—I Class

TBLGX

5/31

T. Rowe Price Retirement Blend 2035 Fund

TBLYX

5/31

T. Rowe Price Retirement Blend 2035 Fund—I Class

TBLHX

5/31

T. Rowe Price Retirement Blend 2040 Fund

TRBLX

5/31

T. Rowe Price Retirement Blend 2040 Fund—I Class

TBLJX

5/31

T. Rowe Price Retirement Blend 2045 Fund

TRBQX

5/31

T. Rowe Price Retirement Blend 2045 Fund—I Class

TBLKX

5/31

T. Rowe Price Retirement Blend 2050 Fund

TRBSX

5/31

T. Rowe Price Retirement Blend 2050 Fund—I Class

TBLLX

5/31

T. Rowe Price Retirement Blend 2055 Fund

TRBOX

5/31

T. Rowe Price Retirement Blend 2055 Fund—I Class

TBLMX

5/31

T. Rowe Price Retirement Blend 2060 Fund

TRBNX

5/31

T. Rowe Price Retirement Blend 2060 Fund—I Class

TBLNX

5/31

T. Rowe Price Retirement Blend 2065 Fund

TRBPX

5/31

T. Rowe Price Retirement Blend 2065 Fund—I Class

TBLOX

5/31

T. Rowe Price Retirement I 2005 Fund—I Class

TRPFX

5/31

T. Rowe Price Retirement I 2010 Fund—I Class

TRPAX

5/31

136

   

Funds

Ticker

Fiscal
Year

T. Rowe Price Retirement I 2015 Fund—I Class

TRFGX

5/31

T. Rowe Price Retirement I 2020 Fund—I Class

TRBRX

5/31

T. Rowe Price Retirement I 2025 Fund—I Class

TRPHX

5/31

T. Rowe Price Retirement I 2030 Fund—I Class

TRPCX

5/31

T. Rowe Price Retirement I 2035 Fund—I Class

TRPJX

5/31

T. Rowe Price Retirement I 2040 Fund—I Class

TRPDX

5/31

T. Rowe Price Retirement I 2045 Fund—I Class

TRPKX

5/31

T. Rowe Price Retirement I 2050 Fund—I Class

TRPMX

5/31

T. Rowe Price Retirement I 2055 Fund—I Class

TRPNX

5/31

T. Rowe Price Retirement I 2060 Fund—I Class

TRPLX

5/31

T. Rowe Price Retirement I 2065 Fund—I Class

TRFKX

5/31

T. Rowe Price Retirement Balanced I Fund—I Class

TRPTX

5/31

T. Rowe Price Retirement Income 2020 Fund

TRLAX

12/31

T. Rowe Price Target 2005 Fund

TRARX

5/31

T. Rowe Price Target 2005 Fund—Advisor Class

PANRX

5/31

T. Rowe Price Target 2005 Fund—I Class

TFRRX

5/31

T. Rowe Price Target 2010 Fund

TRROX

5/31

T. Rowe Price Target 2010 Fund—Advisor Class

PAERX

5/31

T. Rowe Price Target 2010 Fund—I Class

TORFX

5/31

T. Rowe Price Target 2015 Fund

TRRTX

5/31

T. Rowe Price Target 2015 Fund—Advisor Class

PAHRX

5/31

T. Rowe Price Target 2015 Fund—I Class

TTRTX

5/31

T. Rowe Price Target 2020 Fund

TRRUX

5/31

T. Rowe Price Target 2020 Fund—Advisor Class

PAIRX

5/31

T. Rowe Price Target 2020 Fund—I Class

TTURX

5/31

T. Rowe Price Target 2025 Fund

TRRVX

5/31

T. Rowe Price Target 2025 Fund—Advisor Class

PAJRX

5/31

T. Rowe Price Target 2025 Fund—I Class

TRVVX

5/31

T. Rowe Price Target 2030 Fund

TRRWX

5/31

T. Rowe Price Target 2030 Fund—Advisor Class

PAKRX

5/31

T. Rowe Price Target 2030 Fund—I Class

TWRRX

5/31

T. Rowe Price Target 2035 Fund

RPGRX

5/31

T. Rowe Price Target 2035 Fund—Advisor Class

PATVX

5/31

T. Rowe Price Target 2035 Fund—I Class

TPGPX

5/31

T. Rowe Price Target 2040 Fund

TRHRX

5/31

T. Rowe Price Target 2040 Fund—Advisor Class

PAHHX

5/31

T. Rowe Price Target 2040 Fund—I Class

TRXRX

5/31

T. Rowe Price Target 2045 Fund

RPTFX

5/31

T. Rowe Price Target 2045 Fund—Advisor Class

PAFFX

5/31

T. Rowe Price Target 2045 Fund—I Class

TRFWX

5/31

T. Rowe Price Target 2050 Fund

TRFOX

5/31

T. Rowe Price Target 2050 Fund—Advisor Class

PAOFX

5/31

T. Rowe Price Target 2050 Fund—I Class

TOORX

5/31

T. Rowe Price Target 2055 Fund

TRFFX

5/31

T. Rowe Price Target 2055 Fund—Advisor Class

PAFTX

5/31

T. Rowe Price Target 2055 Fund—I Class

TRPPX

5/31

T. Rowe Price Target 2060 Fund

TRTFX

5/31

T. Rowe Price Target 2060 Fund—Advisor Class

TRTGX

5/31

T. Rowe Price Target 2060 Fund—I Class

TTOIX

5/31

T. Rowe Price Target 2065 Fund

PRSLX

5/31

T. Rowe Price Target 2065 Fund—Advisor Class

PAZLX

5/31

T. Rowe Price Target 2065 Fund—I Class

RPFDX

5/31

137

   

Funds

Ticker

Fiscal
Year

T. ROWE PRICE SCIENCE & TECHNOLOGY FUND, INC.

  

T. Rowe Price Science & Technology Fund

PRSCX

12/31

T. Rowe Price Science & Technology Fund—Advisor Class

PASTX

12/31

T. Rowe Price Science & Technology Fund—I Class

TSNIX

12/31

T. ROWE PRICE SHORT-TERM BOND FUND, INC.

  

T. Rowe Price Short-Term Bond Fund

PRWBX

5/31

T. Rowe Price Short-Term Bond Fund—Advisor Class

PASHX

5/31

T. Rowe Price Short-Term Bond Fund—I Class

TBSIX

5/31

T. Rowe Price Short-Term Bond Fund—Z Class

TRZOX

5/31

T. Rowe Price Short Duration Income Fund

TSDLX

5/31

T. Rowe Price Short Duration Income Fund—I Class

TSIDX

5/31

T. Rowe Price Ultra Short-Term Bond Fund

TRBUX

5/31

T. Rowe Price Ultra Short-Term Bond Fund—I Class

TRSTX

5/31

T. Rowe Price Ultra Short-Term Bond Fund—Z Class

TRZWX

5/31

T. ROWE PRICE SMALL-CAP STOCK FUND, INC.

  

T. Rowe Price Small-Cap Stock Fund

OTCFX

12/31

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

PASSX

12/31

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

OTIIX

12/31

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

TRZZX

12/31

T. ROWE PRICE SMALL-CAP VALUE FUND, INC.

  

T. Rowe Price Small-Cap Value Fund

PRSVX

12/31

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

PASVX

12/31

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

PRVIX

12/31

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

TRZVX

12/31

T. ROWE PRICE SPECTRUM FUND, INC.

 

 

T. Rowe Price Spectrum Diversified Equity Fund

PRSGX

12/31

T. Rowe Price Spectrum Diversified Equity Fund—I Class

TSVPX

12/31

T. Rowe Price Spectrum Income Fund

RPSIX

12/31

T. Rowe Price Spectrum Income Fund—I Class

TSPNX

12/31

T. Rowe Price Spectrum International Equity Fund

PSILX

12/31

T. Rowe Price Spectrum International Equity Fund—I Class

TSINX

12/31

T. ROWE PRICE SPECTRUM FUNDS II, INC.

 

 

T. Rowe Price Spectrum Conservative Allocation Fund

PRSIX

5/31

T. Rowe Price Spectrum Conservative Allocation Fund—I Class

PPIPX

5/31

T. Rowe Price Spectrum Moderate Allocation Fund

TRPBX

5/31

T. Rowe Price Spectrum Moderate Allocation Fund—I Class

TPPAX

5/31

T. Rowe Price Spectrum Moderate Growth Allocation Fund

TRSGX

5/31

T. Rowe Price Spectrum Moderate Growth Allocation Fund—I Class

TGIPX

5/31

T. ROWE PRICE STATE TAX-FREE FUNDS, INC.

 

 

T. Rowe Price California Tax-Free Bond Fund

PRXCX

2/28

T. Rowe Price California Tax-Free Bond Fund—I Class

TCFEX

2/28

T. Rowe Price Georgia Tax-Free Bond Fund

GTFBX

2/28

T. Rowe Price Georgia Tax-Free Bond Fund—I Class

TBGAX

2/28

T. Rowe Price Maryland Short-Term Tax-Free Bond Fund

PRMDX

2/28

T. Rowe Price Maryland Short-Term Tax-Free Bond Fund—I Class

TRMUX

2/28

T. Rowe Price Maryland Tax-Free Bond Fund

MDXBX

2/28

T. Rowe Price Maryland Tax-Free Bond Fund—I Class

TFBIX

2/28

T. Rowe Price Maryland Tax-Free Money Fund

TMDXX

2/28

T. Rowe Price Maryland Tax-Free Money Fund—I Class

TWNXX

2/28

T. Rowe Price New Jersey Tax-Free Bond Fund

NJTFX

2/28

T. Rowe Price New Jersey Tax-Free Bond Fund—I Class

TRJIX

2/28

T. Rowe Price New York Tax-Free Bond Fund

PRNYX

2/28

T. Rowe Price New York Tax-Free Bond Fund—I Class

TRYIX

2/28

138

   

Funds

Ticker

Fiscal
Year

T. Rowe Price Virginia Tax-Free Bond Fund

PRVAX

2/28

T. Rowe Price Virginia Tax-Free Bond Fund—I Class

TFBVX

2/28

T. ROWE PRICE SUMMIT FUNDS, INC.

 

 

T. Rowe Price Cash Reserves Fund

TSCXX

10/31

T. ROWE PRICE SUMMIT MUNICIPAL FUNDS, INC.

 

 

T. Rowe Price Summit Municipal Income Fund

PRINX

10/31

T. Rowe Price Summit Municipal Income Fund—Advisor Class

PAIMX

10/31

T. Rowe Price Summit Municipal Income Fund—I Class

PRIMX

10/31

T. Rowe Price Summit Municipal Intermediate Fund

PRSMX

10/31

T. Rowe Price Summit Municipal Intermediate Fund—Advisor Class

PAIFX

10/31

T. Rowe Price Summit Municipal Intermediate Fund—I Class

PRTMX

10/31

T. ROWE PRICE TAX-EFFICIENT FUNDS, INC.

 

 

T. Rowe Price Tax-Efficient Equity Fund

PREFX

2/28

T. Rowe Price Tax-Efficient Equity Fund—I Class

TEEFX

2/28

T. ROWE PRICE TAX-EXEMPT MONEY FUND, INC.

  

T. Rowe Price Tax-Exempt Money Fund

PTEXX

2/28

T. Rowe Price Tax-Exempt Money Fund—I Class

TERXX

2/28

T. ROWE PRICE TAX-FREE HIGH YIELD FUND, INC.

  

T. Rowe Price Tax-Free High Yield Fund

PRFHX

2/28

T. Rowe Price Tax-Free High Yield Fund—Advisor Class

PATFX

2/28

T. Rowe Price Tax-Free High Yield Fund—I Class

PTYIX

2/28

T. ROWE PRICE TAX-FREE INCOME FUND, INC.

  

T. Rowe Price Tax-Free Income Fund

PRTAX

2/28

T. Rowe Price Tax-Free Income Fund—Advisor Class

PATAX

2/28

T. Rowe Price Tax-Free Income Fund—I Class

TFILX

2/28

T. ROWE PRICE TAX-FREE SHORT-INTERMEDIATE FUND, INC.

  

T. Rowe Price Tax-Free Short-Intermediate Fund

PRFSX

2/28

T. Rowe Price Tax-Free Short-Intermediate Fund—Advisor Class

PATIX

2/28

T. Rowe Price Tax-Free Short-Intermediate Fund—I Class

TTSIX

2/28

T. ROWE PRICE TOTAL RETURN FUND, INC.

  

T. Rowe Price Total Return Fund

PTTFX

5/31

T. Rowe Price Total Return Fund—Advisor Class

PTATX

5/31

T. Rowe Price Total Return Fund—I Class

PTKIX

5/31

T. ROWE PRICE U.S. EQUITY RESEARCH FUND, INC.

  

T. Rowe Price U.S Equity Research Fund

PRCOX

12/31

T. Rowe Price U.S Equity Research Fund—Advisor Class

PACOX

12/31

T. Rowe Price U.S Equity Research Fund—I Class

PCCOX

12/31

T. Rowe Price U.S Equity Research Fund—R Class

RRCOX

12/31

T. Rowe Price U.S Equity Research Fund—Z Class

PCUZX

12/31

T. ROWE PRICE U.S. LARGE-CAP CORE FUND, INC.

  

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

TRULX

12/31

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

PAULX

12/31

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

RCLIX

12/31

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

TRZLX

12/31

139

   

Funds

Ticker

Fiscal
Year

T. ROWE PRICE U.S. TREASURY FUNDS, INC.

 

 

T. Rowe Price U.S. Treasury Intermediate Index Fund

PRTIX

5/31

T. Rowe Price U.S. Treasury Intermediate Index Fund—I Class

PRKIK

5/31

T. Rowe Price U.S. Treasury Intermediate Index Fund—Z Class

TRZTX

5/31

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

PRULX

5/31

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

PRUUX

5/31

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

TRZUX

5/31

T. Rowe Price U.S. Treasury Money Fund

PRTXX

5/31

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

TRGXX

5/31

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

TRZXX

5/31

T. ROWE PRICE VALUE FUND, INC.

  

T. Rowe Price Value Fund

TRVLX

12/31

T. Rowe Price Value Fund—Advisor Class

PAVLX

12/31

T. Rowe Price Value Fund—I Class

TRPIX

12/31

T. Rowe Price Value Fund—Z Class

TRZAX

12/31

140

Appendix

T. ROWE PRICE FUNDS CHARTER OF

JOINT NOMINATING AND GOVERNANCE COMMITTEE

The Joint Nominating and Governance Committee (the “Committee”) of the Boards of Directors (the “Board” or “Directors”) of the T. Rowe Price registered funds (the “Price Funds” or the “Funds”) has the oversight responsibility, authority and duties described in this Charter (the “Charter”). “Independent Directors” means those Directors of the Price Funds who are not “interested persons” of the Price Funds (“Independent Directors”), as that term is defined in Section 2(a)(19) of the Investment Company Act of 1940, as amended (the “1940 Act”).

Purpose

The primary purpose of the Committee is to seek, review, and select candidates to fill Independent Director vacancies on each Price Fund’s Board, periodically evaluate the compensation payable to the Independent Directors, and perform certain functions with respect to the governance of the Price Funds.

Composition

The membership of the Committee shall be composed of all of the Independent Directors of the Price Funds.

If the Chairman of the Board is an Independent Director, he or she will serve as Chair of the Committee. If the Chairman of the Board is not an Independent Director, then the Independent Director who has been appointed as the Lead Independent Director will serve as Chair of the Committee. The Chair shall preside at all Committee meetings at which he or she is present and shall have such other duties and powers as may be determined by the Committee members. The Chair shall serve until his or her successor is duly appointed.

Meetings

The Committee shall hold meetings at least annually. The Committee shall hold such additional meetings as deemed necessary or desirable by the Committee.

Duties and Powers

The following shall be the principal recurring functions of the Committee in carrying out its responsibilities. The functions are set forth as a guide with the understanding that the Committee may modify or supplement them as appropriate.

Selection and Nomination of Independent Directors

· The Committee shall have the responsibility to select and nominate persons to serve as Independent Directors of the Price Funds.

· In furtherance of the advisory responsibility vested in it, the Committee is authorized, in the name and on behalf of the Price Funds, to:

i. Seek out appropriate, qualified candidates to serve as Independent Directors of the Price Funds;

141

ii. Seek to ensure that the Independent Directors possess, in the aggregate, the strategic, managerial, and financial skills and experience necessary to fulfill the Board’s duties and, in recognizing diversity as a strategic enabler to long-term success, seek to ensure that the Board is comprised of Independent Directors who bring diverse perspectives to the Board, including diverse experiences, backgrounds, race, ethnicity, gender, qualifications, skills, thoughts, viewpoints, and other qualities;

iii. Recommend to the Board the appropriate skills and characteristics required of Independent Directors, as well as any additional qualifications appropriate for any one or more Independent Directors, based on the needs of the Price Funds from time to time;

iv. Encourage recommendations for Independent Director candidates;

v. Receive recommendations for Independent Director candidates;

vi. Interview and otherwise examine Independent Director candidates and their credentials, including considering the independence of such candidates from the Price Funds’ investment adviser and other principal service providers. The Committee shall also consider the effect of any relationships beyond those delineated in the 1940 Act that might impair independence, e.g., business, financial, or family relationships with the investment adviser or service providers; and

vii. Nominate candidates to the Board for Independent Directors of the Price Funds.

Nomination of any persons to serve on the Board other than as an Independent Director shall be made by the Board.

Governance

· With regard to fund governance, the Committee is authorized, in the name and on behalf of the Price Funds, to:

i. Periodically evaluate the compensation payable to the Independent Directors, including for service on any committee (or for serving as Chair of the Board or a committee), and recommend adjustments as and when appropriate;

ii. At least annually, perform a self-assessment of the effectiveness of the Independent Directors in their role as Independent Directors of the Price Funds and participate in a self-assessment of the effectiveness of the Board as a whole and its Committees;

iii. Periodically review the retirement policy for Independent Directors and make any recommendations to the Board with respect thereto;

iv. At least once annually, evaluate the independence (pursuant to Rule 0-1 under the1940 Act) and overall performance of independent counsel to the Price Funds and Independent Directors; and

142

v. Perform such other functions with respect to the governance of the Price Funds not inconsistent with the foregoing as the members of the Committee shall determine to be necessary, appropriate, or desirable.

Other Responsibilities

· An Independent Director seeking a relationship with a profitmaking enterprise outside of the Price Funds shall receive approval from the Committee prior to accepting any such position or directorship to avoid any potential conflict of interest, and an Independent Director may not accept such a position or directorship if the Committee determines that to do so would be inappropriate given legal or other conflict issues.

· The Committee is authorized and directed to meet at least once annually and at such other times and places, to formulate such guidelines, policies, and procedures, and to make such reports and recommendations, as the Committee shall from time to time determine to be necessary, appropriate or desirable to carry out the responsibilities set forth in this Charter.

· The Committee is authorized, in the Price Funds’ names and on their behalf, to seek such assistance, staff or facilities from the investment adviser(s) of the Price Funds, the independent auditors and legal counsel to the Price Funds, and to engage such persons, or other experts or consultants, at the expense of the Price Funds, as the Committee shall deem appropriate, necessary or desirable in order to carry out its responsibilities under this Charter.

· Nothing in this Charter shall be deemed to confer on the Committee, and the Committee shall not have, authority to bind the Price Funds or otherwise deprive the Board or shareholders of the Price Funds of any authority vested in it or them with respect to the nomination, election, or removal of Directors or any other matter within the scope of the authority and responsibility of Directors and shareholders under applicable law.

Resources and Authority

The Committee shall have the resources and authority appropriate to discharge its responsibilities and to retain and determine the necessary funding for a special counsel, a search firm, and other experts or consultants, which shall be paid by the Price Funds.

Annual Review

The Committee shall review, on at least an annual basis, this Charter and the scope of the responsibilities of this Committee. Any proposed changes, where indicated, shall be referred to the Board for appropriate action.

Operating Procedures

Formal actions to be taken by the Committee shall be at a meeting at which a quorum is present. A quorum shall consist of a majority of the members of the Committee. Except as otherwise required by applicable law, members may participate in a meeting of the Committee by means of conference call or similar communications equipment by means of which all persons participating in the meeting can hear each other, and

143

may also act by unanimous written consent in lieu of a meeting. The Committee shall cause to be kept such minutes of its meetings as it shall deem appropriate.

144

  
 

C00-060 5/10/23

Logo Description automatically generated

IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS

FOR A JOINT SPECIAL MEETING OF SHAREHOLDERS OF ALL T. ROWE PRICE FUNDS ON JULY 24, 2023

MAY 2023

As a shareholder of a T. Rowe Price Fund(s):

You are receiving this notice regarding the Internet availability of proxy materials related to a joint special meeting of shareholders (the “Meeting”) of all mutual funds and exchange-traded funds sponsored and managed by T. Rowe Price Associates, Inc. (the “Funds”). The Meeting will be held via live webcast by accessing the portable document format (“PDF”) document available at the following url: vote.proxyonline.com/trowe/docs/2023virtualmeetinginformation.pdf. The PDF will provide instructions on how to register to attend the Shareholder Meeting and vote your shares. You must have PDF viewing software, such as Adobe Reader, installed on your computer to view the document and attend the Shareholder Meeting at 12:15 p.m., Eastern time, on July 24, 2023. Shareholders of the Funds will be asked to vote to elect four (4) director-nominees, and any other business that may come before the Meeting. The Boards of Directors of the Funds have unanimously recommended that you elect each director-nominee.

This Notice presents only an overview of the proxy materials. To review the proxy materials (including the proxy statement and notice of shareholder meeting) and vote your shares, go to vote.proxyonline.com/trowe/18900 and enter your voter control number found above. For details about the Meeting, or about how to cast your proxy vote at the Meeting, please see the enclosed proxy statement (also available at the URL below).

The proxy materials are also publicly available at: vote.proxyonline.com/trowe/docs/2023jointspecialmeeting.pdf

Please review the proxy materials and vote your shares. Thank you in advance for your participation and for your investment.

QUESTIONS? Please read the proxy materials carefully and vote your shares. If you have any questions about this notice, the proxy materials, or how to attend the virtual Meeting, please call (800) 434-3719 Monday through Friday between the hours of 9:00 a.m. and 10:00 p.m. Eastern Time.

REQUEST FOR PROXY MATERIALS AND OTHER DOCUMENTS

If you would like to receive a paper or e-mail copy of the proxy statement, each fund’s most recent annual report, and the proxy card, you must request one. There is no charge to you for requesting a copy. Please make your request for a copy using any of the options below. Please be sure to request your copy on or before July 17, 2023, to allow for timely delivery. If you do not request a paper or e-mail copy of these documents, you will not otherwise receive one.

You may also elect to receive all future proxy materials from the T. Rowe Price Funds via the U.S. Postal Service or e-mail.

Request By Internet

Go to vote.proxyonline.com/trowe/18900 and enter the voter control number found on the upper right of the reverse side of this notice or use the QR code on the reverse side to be automatically logged in on a smart phone. Once you have logged in, you may request a copy of the proxy materials to be sent to your e-mail address or to your physical address associated with your account.

Each fund’s most recent annual report is available at troweprice.com/prospectus

Request By Phone

You can request either an electronic copy or hardcopy of the proxy materials by calling (800) 434-3719 Monday through Friday between the hours of 9:00 a.m. and 10:00 p.m. Eastern Time and referencing the voter control number found in the box on the upper right of the reverse side of this notice.

Request by Email

To request a copy of the proxy materials, please send an e-mail with your voter control number in the subject line to one of the addresses noted below:

To receive a physical copy by mail: trppaperproxy@equiniti.com

For an electronic copy: trpemailproxy@equiniti.com

(“equiniti” is a proxy services provider to the Funds)

To elect to receive all future proxy materials from the Funds via the referenced delivery method, please type “Permanent Request” in the body of the e-mail.

Dear Shareholder,

We have scheduled a Joint Special Meeting for Shareholders of all mutual funds and exchange-traded funds sponsored and managed by T. Rowe Price Associates, Inc. to be held at 12:15 p.m., Eastern time, on July 24, 2023 by means of a live webcast. The Funds’ Boards of Directors has sent you this notice to ask for your vote on the proposal to elect four (4) directors-nominees for each Fund who have not been previously elected by shareholders.


Your vote is important no matter how many shares you own. Please take the time to read the proxy statement and cast your proxy vote today!

HOW TO VOTE:

 

To be automatically logged in to vote online, please click on the link below and follow the on-screen instructions.

TO VIEW THE PROXY STATEMENT AND VOTE YOUR SHARES CLICK HERE

For Reference:

· To vote with a live agent or for questions, call (800) 434-3719 Monday through Friday between the hours of 9:00 a.m. and 10:00 p.m. Eastern Time.

· To vote through the Internet, enter your Control Number at https://vote.proxyonline.com/TRowe/18900 and follow the on-screen instructions.

· To vote by touchtone telephone, call 888-227-9349, and follow the recorded instructions.

YOUR CONTROL NUMBER IS:

(Control Number Here)

ADDITIONAL INFORMATION:

To access the electronic Proxy Materials, you may need Adobe Acrobat Reader software. This software is available for download at no cost at https://get.adobe.com/reader/ Downloading time may vary. To request a paper copy of Proxy Materials relating to this proxy, please call (800) 434-3719. There is no charge to you for requesting a paper copy. Please make your request for a copy on or before July 10, 2023 to facilitate timely delivery of the materials.

Thank you for choosing eDelivery. We look forward to serving your investment needs in years to come.

Best regards,
T. Rowe Price Associates, Inc.

Sincerely,

 

Visit troweprice.com to get more information about T. Rowe Price funds.

Robert W. Sharps

Chief Executive Officer, T. Rowe Price Group, Inc.

PROXY FOR A JOINT SPECIAL MEETING OF SHAREHOLDERS TO BE HELD ON JULY 24, 2023

All mutual funds and exchange-traded funds sponsored and managed by T. Rowe Price Associates, Inc.

[FUND NAME PRINTED HERE]

The undersigned, revoking all Proxies heretofore given, hereby appoints Fran Pollack-Matz and David Oestreicher as Proxies of the undersigned, with full power of substitution to each, to vote on behalf of the undersigned all shares of the above listed Fund(s) that the undersigned is entitled to vote at the joint special meeting of shareholders, and at any adjournment(s) thereof, to be held at 12:15 p.m., Eastern time, on July 24, 2023 by means of a live webcast, as fully as the undersigned would be entitled to vote if personally present. The undersigned hereby acknowledges receipt of the Notice of Joint Special Meeting of Shareholders and the Joint Proxy Statement.

To attend the live webcast of the Joint Special Meeting on July 24, 2023 at 12:15 pm E.T please follow the URL: vote.proxyonline.com/trowe/docs/2023virtualmeetinginformation.pdf You will be asked to enter your name and your email address. For details about the Meeting, or about how to cast your proxy vote at the Meeting, please see the enclosed proxy statement (also available at the URL below).

Important Notice Regarding the Availability of Proxy Materials for this Joint Special Meeting of Shareholders to Be Held on July 24, 2023. The proxy statement and the accompanying notice of joint special meeting of shareholders for this meeting are available at: https://vote.proxyonline.com/trowe/docs/2023jointspecialmeeting.pdf

The votes entitled to be cast by the undersigned will be cast according to instructions given below with respect to the Proposal. If this Proxy Ballot is executed but no instructions are given, the undersigned acknowledges that the votes entitled to be cast by the undersigned will be cast by the proxies, or any of them, “FOR” the proposals. Additionally, the votes entitled to be cast by the undersigned will be cast at the discretion of the proxy holder on any other matter that may properly come before the joint special meeting.

THIS PROXY IS SOLICITED ON BEHALF OF THE T. ROWE PRICE FUNDS’ BOARDS OF DIRECTORS WHICH UNANIMOUSLY RECOMMENDS THAT YOU VOTE FOR THE PROPOSAL.

TO VOTE YOUR SHARES FOR ALL T. ROWE PRICE FUNDS INDICATED ABOVE, MARK CIRCLE IN BLUE OR BLACK INK. Example: ●

                

 

 

 

FOR

WITHHOLD

  

1.

Elect four (4) director-nominees for each Fund

   

1.1

Melody Bianchetto

○

○

 

1.2

Mark J. Parrell

○

○

 

1.3

Eric L. Veiel

○

○

 

1.4

Kellye L. Walker

○

○

 

THANK YOU FOR VOTING

PROXY FOR A JOINT SPECIAL MEETING OF SHAREHOLDERS TO BE HELD ON JULY 24, 2023

All mutual funds and exchange-traded funds sponsored and managed by T. Rowe Price Associates, Inc.

The undersigned, revoking all Proxies heretofore given, hereby appoints Fran Pollack-Matz and David Oestreicher as Proxies of the undersigned, with full power of substitution to each, to vote on behalf of the undersigned all shares of the above listed Fund(s) that the undersigned is entitled to vote at the joint special meeting of shareholders, and at any adjournment(s) thereof, to be held at 12:15 p.m., Eastern time, on July 24, 2023 by means of a live webcast, as fully as the undersigned would be entitled to vote if personally present. The undersigned hereby acknowledges receipt of the Notice of Joint Special Meeting of Shareholders and the Joint Proxy Statement.

To attend the live webcast of the Joint Special Meeting on July 24, 2023 at 12:15 pm E.T please follow the URL: vote.proxyonline.com/trowe/docs/2023virtualmeetinginformation.pdf You will be asked to enter your name and your email address. For details about the Meeting, or about how to cast your proxy vote at the Meeting, please see the enclosed proxy statement (also available at the URL below).

Important Notice Regarding the Availability of Proxy Materials for this Joint Special Meeting of Shareholders to Be Held on July 24, 2023. The proxy statement and the accompanying notice of joint special meeting of shareholders for this meeting are available at: vote.proxyonline.com/trowe/docs/2023jointspecialmeeting.pdf

MAIL ID:      BARCODE     CUSIP:

The votes entitled to be cast by the undersigned will be cast according to instructions given below with respect to the Proposal. If this Proxy Ballot is executed but no instructions are given, the undersigned acknowledges that the votes entitled to be cast by the undersigned will be cast by the proxies, or any of them, “FOR” the proposals. Additionally, the votes entitled to be cast by the undersigned will be cast at the discretion of the proxy holder on any other matter that may properly come before the joint special meeting.

THIS PROXY IS SOLICITED ON BEHALF OF THE T. ROWE PRICE FUNDS’ BOARDS OF DIRECTORS WHICH UNANIMOUSLY RECOMMENDS THAT YOU VOTE FOR THE PROPOSAL.

TO VOTE YOUR SHARES FOR ALL T. ROWE PRICE FUNDS INDICATED ABOVE, MARK CIRCLE IN BLUE OR BLACK INK. Example: ●

PROPOSAL 1: Elect four (4) director-nominees for each Fund

THANK YOU FOR VOTING

MAIL ID:      BARCODE     CUSIP: