0000858581-14-000001.txt : 20140226 0000858581-14-000001.hdr.sgml : 20140226 20140226143036 ACCESSION NUMBER: 0000858581-14-000001 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 6 CONFORMED PERIOD OF REPORT: 20131231 FILED AS OF DATE: 20140226 DATE AS OF CHANGE: 20140226 EFFECTIVENESS DATE: 20140226 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T. Rowe Price Index Trust, Inc. CENTRAL INDEX KEY: 0000858581 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-05986 FILM NUMBER: 14644035 BUSINESS ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 410-345-2000 MAIL ADDRESS: STREET 1: 100 EAST PRATT STREET CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE INDEX TRUST INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PRICE T ROWE INSTITUTIONAL EQUITY FUNDS INC DATE OF NAME CHANGE: 19900227 0000858581 S000002089 T. Rowe Price Equity Index 500 Fund C000005457 T. Rowe Price Equity Index 500 Fund PREIX 0000858581 S000002090 T. Rowe Price Extended Equity Market Index Fund C000005458 T. Rowe Price Extended Equity Market Index Fund PEXMX 0000858581 S000002091 T. Rowe Price Total Equity Market Index Fund C000005459 T. Rowe Price Total Equity Market Index Fund POMIX NSAR-B 1 ans_index.fil ANSWER FILE~ INDEX TRUST PAGE 1 000 B000000 12/31/2013 000 C000000 0000858581 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 T. ROWE PRICE INDEX TRUST, INC. 001 B000000 811-5986 001 C000000 4103452000 002 A000000 100 EAST PRATT STREET 002 B000000 BALTIMORE 002 C000000 MD 002 D010000 21202 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 3 007 C010100 1 007 C020100 Extended Equity Market Index Fund 007 C030100 N 007 C010200 2 007 C020200 Total Equity Market Index Fund 007 C030200 N 007 C010300 3 007 C020300 Equity Index 500 Fund 007 C030300 N 008 A00AA01 T. ROWE PRICE ASSOCIATES, INC. 008 B00AA01 A 008 C00AA01 801-856 008 D01AA01 BALTIMORE 008 D02AA01 MD 008 D03AA01 21202 011 A00AA01 T. ROWE PRICE INVESTMENT SERVICES, INC. 011 B00AA01 8-25130 011 C01AA01 BALTIMORE 011 C02AA01 MD 011 C03AA01 21202 012 A00AA01 T. ROWE PRICE SERVICES, INC. 012 B00AA01 84-1079 012 C01AA01 BALTIMORE 012 C02AA01 MD 012 C03AA01 21202 012 A00AA02 T. ROWE PRICE RETIREMENT PLAN SERVICES, INC. 012 B00AA02 84-1917 012 C01AA02 BALTIMORE 012 C02AA02 MD PAGE 2 012 C03AA02 21202 013 A00AA01 PRICEWATERHOUSECOOPERS LLP 013 B01AA01 BALTIMORE 013 B02AA01 MD 013 B03AA01 21201 014 A00AA01 T. ROWE PRICE INVESTMENT SERVICES, INC. 014 B00AA01 8-25130 015 A00AA01 STATE STREET BANK AND TRUST COMPANY 015 B00AA01 C 015 C01AA01 BOSTON 015 C02AA01 MA 015 C03AA01 02110 015 E01AA01 X 015 A00AA02 JPMORGAN CHASE BANK 015 B00AA02 C 015 C01AA02 LONDON 015 D01AA02 England 015 D02AA02 EC2P 2HD 015 E04AA02 X 018 00AA00 Y 019 A00AA00 Y 019 B00AA00 157 019 C00AA00 TROWEPRICE 020 A000001 GOLDMAN SACHS 020 B000001 13-5108880 020 C000001 116 020 A000002 BARCLAYS CAPITAL 020 B000002 13-3551367 020 C000002 113 020 A000003 MORGAN STANLEY & CO INC. 020 B000003 13-2655998 020 C000003 80 020 A000004 JPMORGAN CHASE 020 B000004 13-4994650 020 C000004 62 020 A000005 DEUTSCHE BANK SECURITIES 020 B000005 13-2730828 020 C000005 37 020 A000006 BANK OF AMERICA MERRILL LYNCH 020 B000006 13-5674085 020 C000006 30 020 A000007 CITIGROUP GLOBAL MARKETS, INC. 020 B000007 11-2418191 020 C000007 28 020 A000008 STIFEL NICOLAUS 020 B000008 43-0538770 020 C000008 27 020 A000009 DAIN RAUSCHER INC 020 B000009 41-1416330 020 C000009 21 020 A000010 UBS INVESTMENT BANK PAGE 3 020 B000010 13-1939216 020 C000010 17 021 000000 563 022 A000001 GOLDMAN SACHS 022 B000001 13-5108880 022 C000001 78931 022 D000001 3637 022 A000002 MORGAN STANLEY & CO INC. 022 B000002 13-2655998 022 C000002 62440 022 D000002 7130 022 A000003 CITIGROUP GLOBAL MARKETS, INC. 022 B000003 11-2418191 022 C000003 19449 022 D000003 30309 022 A000004 JPMORGAN CHASE 022 B000004 13-4994650 022 C000004 32762 022 D000004 4552 022 A000005 BARCLAYS CAPITAL 022 B000005 13-3551367 022 C000005 21082 022 D000005 6299 022 A000006 DEUTSCHE BANK SECURITIES 022 B000006 13-2730828 022 C000006 16481 022 D000006 7492 022 A000007 UBS INVESTMENT BANK 022 B000007 13-1939216 022 C000007 17060 022 D000007 1334 022 A000008 BANK OF AMERICA MERRILL LYNCH 022 B000008 13-5674085 022 C000008 12244 022 D000008 4583 022 A000009 HSBC BROKERAGE 022 B000009 13-5101370 022 C000009 12870 022 D000009 0 022 A000010 PARIBAS 022 B000010 13-3235334 022 C000010 3378 022 D000010 0 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D020200 0.000 048 E010200 0 048 E020200 0.000 048 F010200 0 048 F020200 0.000 048 G010200 0 048 G020200 0.000 048 H010200 0 048 H020200 0.000 048 I010200 0 048 I020200 0.000 048 J010200 0 048 J020200 0.000 048 K010200 0 048 K020200 0.000 048 000300 0.100 048 A010300 0 048 A020300 0.000 048 B010300 0 048 B020300 0.000 048 C010300 0 048 C020300 0.000 048 D010300 0 048 D020300 0.000 PAGE 9 048 E010300 0 048 E020300 0.000 048 F010300 0 048 F020300 0.000 048 G010300 0 048 G020300 0.000 048 H010300 0 048 H020300 0.000 048 I010300 0 048 I020300 0.000 048 J010300 0 048 J020300 0.000 048 K010300 0 048 K020300 0.000 049 000100 N 049 000200 N 049 000300 N 050 000100 N 050 000200 N 050 000300 N 051 000100 N 051 000200 N 051 000300 N 052 000100 N 052 000200 N 052 000300 N 053 A000100 N 053 A000200 N 053 A000300 Y 053 B000300 Y 053 C000300 N 054 A000100 N 054 B000100 N 054 C000100 N 054 D000100 N 054 E000100 N 054 F000100 N 054 G000100 N 054 H000100 N 054 I000100 Y 054 J000100 N 054 K000100 N 054 L000100 N 054 M000100 N 054 N000100 N 054 O000100 Y 054 A000200 N 054 B000200 N 054 C000200 N 054 D000200 N 054 E000200 N PAGE 10 054 F000200 N 054 G000200 N 054 H000200 N 054 I000200 Y 054 J000200 N 054 K000200 N 054 L000200 N 054 M000200 N 054 N000200 N 054 O000200 Y 054 A000300 N 054 B000300 N 054 C000300 N 054 D000300 N 054 E000300 N 054 F000300 N 054 G000300 N 054 H000300 N 054 I000300 N 054 J000300 N 054 K000300 N 054 L000300 N 054 M000300 N 054 N000300 N 054 O000300 N 055 A000100 N 055 B000100 N 055 A000200 N 055 B000200 N 055 A000300 N 055 B000300 N 056 000100 Y 056 000200 Y 056 000300 Y 057 000100 N 057 000200 N 057 000300 N 058 A000100 N 058 A000200 N 058 A000300 N 059 000100 Y 059 000200 Y 059 000300 Y 060 A000100 Y 060 B000100 Y 060 A000200 Y 060 B000200 Y 060 A000300 Y 060 B000300 Y 061 000100 1000 061 000200 1000 PAGE 11 061 000300 1000 062 A000100 N 062 B000100 0.0 062 C000100 0.0 062 D000100 0.0 062 E000100 0.0 062 F000100 0.0 062 G000100 0.0 062 H000100 0.0 062 I000100 0.0 062 J000100 0.0 062 K000100 0.0 062 L000100 0.0 062 M000100 0.0 062 N000100 0.0 062 O000100 0.0 062 P000100 0.0 062 Q000100 0.0 062 R000100 0.0 062 A000200 N 062 B000200 0.0 062 C000200 0.0 062 D000200 0.0 062 E000200 0.0 062 F000200 0.0 062 G000200 0.0 062 H000200 0.0 062 I000200 0.0 062 J000200 0.0 062 K000200 0.0 062 L000200 0.0 062 M000200 0.0 062 N000200 0.0 062 O000200 0.0 062 P000200 0.0 062 Q000200 0.0 062 R000200 0.0 062 A000300 N 062 B000300 0.0 062 C000300 0.0 062 D000300 0.0 062 E000300 0.0 062 F000300 0.0 062 G000300 0.0 062 H000300 0.0 062 I000300 0.0 062 J000300 0.0 062 K000300 0.0 062 L000300 0.0 062 M000300 0.0 062 N000300 0.0 PAGE 12 062 O000300 0.0 062 P000300 0.0 062 Q000300 0.0 062 R000300 0.0 063 A00AA00 0 063 B00AA00 0.0 066 A000100 Y 066 B000100 N 066 C000100 N 066 D000100 N 066 E000100 Y 066 F000100 N 066 G000100 N 066 A000200 Y 066 B000200 N 066 C000200 N 066 D000200 N 066 E000200 Y 066 F000200 N 066 G000200 N 066 A000300 Y 066 B000300 N 066 C000300 N 066 D000300 N 066 E000300 Y 066 F000300 N 066 G000300 N 067 000100 N 067 000200 N 067 000300 N 068 A000100 N 068 B000100 N 068 A000200 N 068 B000200 N 068 A000300 N 068 B000300 N 069 000100 Y 069 000200 Y 069 000300 Y 070 A010100 Y 070 A020100 N 070 B010100 Y 070 B020100 N 070 C010100 N 070 C020100 N 070 D010100 Y 070 D020100 N 070 E010100 N 070 E020100 N 070 F010100 Y 070 F020100 Y PAGE 13 070 G010100 Y 070 G020100 N 070 H010100 Y 070 H020100 N 070 I010100 Y 070 I020100 N 070 J010100 Y 070 J020100 N 070 K010100 Y 070 K020100 Y 070 L010100 Y 070 L020100 Y 070 M010100 N 070 M020100 N 070 N010100 Y 070 N020100 Y 070 O010100 Y 070 O020100 N 070 P010100 Y 070 P020100 Y 070 Q010100 N 070 Q020100 N 070 R010100 N 070 R020100 N 070 A010200 Y 070 A020200 N 070 B010200 Y 070 B020200 N 070 C010200 N 070 C020200 N 070 D010200 Y 070 D020200 N 070 E010200 N 070 E020200 N 070 F010200 Y 070 F020200 Y 070 G010200 Y 070 G020200 N 070 H010200 Y 070 H020200 N 070 I010200 Y 070 I020200 N 070 J010200 Y 070 J020200 N 070 K010200 Y 070 K020200 Y 070 L010200 Y 070 L020200 Y 070 M010200 N 070 M020200 N 070 N010200 Y PAGE 14 070 N020200 Y 070 O010200 Y 070 O020200 N 070 P010200 Y 070 P020200 Y 070 Q010200 N 070 Q020200 N 070 R010200 N 070 R020200 N 070 A010300 Y 070 A020300 N 070 B010300 Y 070 B020300 N 070 C010300 N 070 C020300 N 070 D010300 Y 070 D020300 N 070 E010300 N 070 E020300 N 070 F010300 Y 070 F020300 Y 070 G010300 Y 070 G020300 N 070 H010300 Y 070 H020300 N 070 I010300 Y 070 I020300 N 070 J010300 Y 070 J020300 N 070 K010300 Y 070 K020300 Y 070 L010300 Y 070 L020300 Y 070 M010300 N 070 M020300 N 070 N010300 Y 070 N020300 Y 070 O010300 Y 070 O020300 N 070 P010300 Y 070 P020300 Y 070 Q010300 N 070 Q020300 N 070 R010300 N 070 R020300 N 071 A000100 216523 071 B000100 116399 071 C000100 536630 071 D000100 22 071 A000200 128703 071 B000200 45490 PAGE 15 071 C000200 771148 071 D000200 6 071 A000300 1950544 071 B000300 1839000 071 C000300 17611202 071 D000300 10 072 A000100 12 072 B000100 2 072 C000100 6936 072 D000100 0 072 E000100 652 072 F000100 1066 072 G000100 0 072 H000100 0 072 I000100 834 072 J000100 30 072 K000100 6 072 L000100 49 072 M000100 3 072 N000100 45 072 O000100 0 072 P000100 0 072 Q000100 170 072 R000100 22 072 S000100 18 072 T000100 0 072 U000100 0 072 V000100 19 072 W000100 12 072 X000100 2274 072 Y000100 0 072 Z000100 5316 072AA000100 26249 072BB000100 0 072CC010100 148906 072CC020100 0 072DD010100 5008 072DD020100 0 072EE000100 15940 072 A000200 12 072 B000200 2 072 C000200 15195 072 D000200 0 072 E000200 131 072 F000200 1645 072 G000200 0 072 H000200 0 072 I000200 983 072 J000200 24 072 K000200 7 072 L000200 30 PAGE 16 072 M000200 4 072 N000200 49 072 O000200 0 072 P000200 0 072 Q000200 169 072 R000200 23 072 S000200 7 072 T000200 0 072 U000200 0 072 V000200 17 072 W000200 13 072 X000200 2971 072 Y000200 0 072 Z000200 12357 072AA000200 11982 072BB000200 0 072CC010200 206870 072CC020200 0 072DD010200 11942 072DD020200 0 072EE000200 0 072 A000300 12 072 B000300 15 072 C000300 375810 072 D000300 0 072 E000300 719 072 F000300 17920 072 G000300 0 072 H000300 0 072 I000300 31027 072 J000300 272 072 K000300 31 072 L000300 105 072 M000300 87 072 N000300 121 072 O000300 0 072 P000300 0 072 Q000300 165 072 R000300 42 072 S000300 8 072 T000300 0 072 U000300 0 072 V000300 119 072 W000300 57 072 X000300 49954 072 Y000300 0 072 Z000300 326590 072AA000300 201802 072BB000300 0 072CC010300 4423858 072CC020300 0 PAGE 17 072DD010300 326692 072DD020300 0 072EE000300 0 073 A010100 0.1800 073 A020100 0.0000 073 B000100 0.5700 073 C000100 0.0000 073 A010200 0.2700 073 A020200 0.0000 073 B000200 0.0000 073 C000200 0.0000 073 A010300 0.8100 073 A020300 0.0000 073 B000300 0.0000 073 C000300 0.0000 074 A000100 0 074 B000100 0 074 C000100 97306 074 D000100 0 074 E000100 49 074 F000100 665244 074 G000100 0 074 H000100 0 074 I000100 0 074 J000100 365 074 K000100 0 074 L000100 2155 074 M000100 69 074 N000100 765188 074 O000100 1577 074 P000100 267 074 Q000100 0 074 R010100 0 074 R020100 0 074 R030100 0 074 R040100 57106 074 S000100 0 074 T000100 706238 074 U010100 28926 074 U020100 0 074 V010100 24.41 074 V020100 0.00 074 W000100 0.0000 074 X000100 15764 074 Y000100 0 074 A000200 0 074 B000200 0 074 C000200 51182 074 D000200 0 074 E000200 0 074 F000200 922081 PAGE 18 074 G000200 0 074 H000200 0 074 I000200 0 074 J000200 800 074 K000200 0 074 L000200 3636 074 M000200 16 074 N000200 977715 074 O000200 3893 074 P000200 316 074 Q000200 0 074 R010200 0 074 R020200 0 074 R030200 0 074 R040200 17894 074 S000200 0 074 T000200 955612 074 U010200 45100 074 U020200 0 074 V010200 21.19 074 V020200 0.00 074 W000200 0.0000 074 X000200 16235 074 Y000200 0 074 A000300 0 074 B000300 0 074 C000300 316061 074 D000300 0 074 E000300 0 074 F000300 20111556 074 G000300 0 074 H000300 0 074 I000300 0 074 J000300 0 074 K000300 0 074 L000300 33584 074 M000300 109 074 N000300 20461310 074 O000300 22532 074 P000300 3711 074 Q000300 0 074 R010300 0 074 R020300 0 074 R030300 0 074 R040300 178434 074 S000300 0 074 T000300 20256633 074 U010300 406817 074 U020300 0 074 V010300 49.79 074 V020300 0.00 PAGE 19 074 W000300 0.0000 074 X000300 89422 074 Y000300 10200 075 A000100 0 075 B000100 568510 075 A000200 0 075 B000200 805570 075 A000300 0 075 B000300 17932654 076 000100 0.00 076 000200 0.00 076 000300 0.00 077 A000000 Y 077 B000000 Y 077 D000000 Y 077 Q010000 Y 077 Q020000 N 077 Q030000 N 078 000000 N 080 A00AA00 ICI Mutual Insurance Company 080 C00AA00 130000 081 A00AA00 Y 081 B00AA00 374 082 A00AA00 N 082 B00AA00 0 083 A00AA00 N 083 B00AA00 0 084 A00AA00 N 084 B00AA00 0 085 A00AA00 Y 085 B00AA00 N 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 SIGNATURE GREGORY K. HINKLE TITLE TREASURER EX-99.77B ACCT LTTR 2 priceindextrust-3funds123113.htm ACCOUNTING LETTER~ INDEX TRUST priceindextrust-3funds123113.htm - Generated by SEC Publisher for SEC Filing

Report of Independent Registered Public Accounting Firm

To the Board of Directors of T. Rowe Price Index Trust, Inc. and

Shareholders of T. Rowe Price Equity Index 500 Fund, T. Rowe Price Extended Equity Market Index Fund, and T. Rowe Price Total Equity Market Index Fund

In planning and performing our audit of the financial statements of T. Rowe Price Equity Index 500 Fund, T. Rowe Price Extended Equity Market Index Fund, and T. Rowe Price Total Equity Market Index Fund (three of the funds comprising T. Rowe Price Index Trust, Inc., hereafter referred to as the “Companies”) as of and for the year ended December 31, 2013, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Companies' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of the Companies' internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Companies' internal control over financial reporting.

The management of the Companies is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Companies' annual or interim financial statements will not be prevented or detected on a timely basis.

PricewaterhouseCoopers LLP, 100 East Pratt Street, Suite 1900, Baltimore, MD 21202-1096

T:      (410) 783 7600, F: (410) 783 7680, www.pwc.com/us

 


Our consideration of the Companies' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Companies' internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be material weaknesses as defined above as of December 31, 2013.

This report is intended solely for the information and use of management and the Board of Directors of T. Rowe Price Index Trust, Inc. and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.


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MG:`75O?GS0@N#(J*2Q*D(WR]QR!_6LD:;&S^UI: M:9(]O/I_EQ".%I#YH8D9ZD'D8)],444/;^NP+?\`KN-U'[3+-;2QZ;)&T!MV M29+-S*ZY&_+`94#D;>I^E21>'['5'UA9K&2.9IG:WDDA=``5'(R`#\P/^311 M0^OS#:WR-;PS`'M#J,MM'!/I' M8=JU_$"V[K:FXMKB[57)$*1-)&W&,R`*W`SQQUHHH>R!;OYF,EBL2Z8MS!=7 MNFQ+*'C:VD.V0G*YC(W%0,@<5&T%U!INF>=!?EH[[S%B5)'\N`-D!@N1D#'! MY]***-G_`%ZAO_7R)/$%XTM_9R3+=)'#?1".,6\F&&>6)VX)/8#/YGCL.M%% M"V_KR$]Q:***!A1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%% 4`!1110`4444`%%%%`!1110!__]D_ ` end EX-99.77D POLICIES 6 cip_ifc.htm POLICIES~ INDEX TRUST cip_ifc.htm - Generated by SEC Publisher for SEC Filing

 

T. Rowe Price Index Trust, Inc.

T. Rowe Price Total Equity Market Index Fund

 

 

 

The fundamental policy relating to the purchase and sale of commodities has been revised to the following:

 

The funds may not purchase or sell commodities except to the extent permitted by applicable law.

 

To clarify the intent of the new policy, the following note was added to the SAI to be read in connection with the policy:

 

With respect to this investment restriction, the funds may not directly purchase or sell commodities that require physical storage unless acquired as a result of ownership of securities or other instruments but the funds may invest in any derivatives and other financial instruments that involve commodities or represent interests in commodities to the extent permitted by the Investment Company Act of 1940 or other applicable law.

 

This new policy does not apply to the Dividend Growth Fund, Diversified Small-Cap Growth Fund, Emerging Markets Local Multi-Sector Account Portfolio, Institutional High Yield Fund, Institutional Large-Cap Growth Fund, Institutional Large-Cap Value Fund, Institutional Mid-Cap Equity Growth Fund, Institutional Small-Cap Stock Fund, or New America Growth Fund since these funds did not obtain the necessary shareholder votes to approve the revised policy.  These funds will continue to operate under their current policy, which is that they may not purchase or sell physical commodities, except that they may enter into futures contracts and options thereon.

 

We did not seek shareholder approval to apply the new policy to the Short-Government Reserve Fund, Short-Term Reserve Fund, or any of the T. Rowe Price money market funds since they are not permitted to use derivatives.

 

T. Rowe Price Index Trust, Inc.

T. Rowe Price Equity Index 500 Fund

 

 

The fundamental policy relating to the purchase and sale of commodities has been revised to the following:

 

The funds may not purchase or sell commodities except to the extent permitted by applicable law.

 

To clarify the intent of the new policy, the following note was added to the SAI to be read in connection with the policy:

 

With respect to this investment restriction, the funds may not directly purchase or sell commodities that require physical storage unless acquired as a result of ownership of securities or other instruments but the funds may invest in any derivatives and other financial instruments that involve commodities or represent interests in commodities to the extent permitted by the Investment Company Act of 1940 or other applicable law.

 


 

 

 

This new policy does not apply to the Dividend Growth Fund, Diversified Small-Cap Growth Fund, Emerging Markets Local Multi-Sector Account Portfolio, Institutional High Yield Fund, Institutional Large-Cap Growth Fund, Institutional Large-Cap Value Fund, Institutional Mid-Cap Equity Growth Fund, Institutional Small-Cap Stock Fund, or New America Growth Fund since these funds did not obtain the necessary shareholder votes to approve the revised policy.  These funds will continue to operate under their current policy, which is that they may not purchase or sell physical commodities, except that they may enter into futures contracts and options thereon.

 

We did not seek shareholder approval to apply the new policy to the Short-Government Reserve Fund, Short-Term Reserve Fund, or any of the T. Rowe Price money market funds since they are not permitted to use derivatives.

 

T. Rowe Price Index Trust, Inc.

T. Rowe Price Extended Equity Market Index Fund

 

 

The fundamental policy relating to the purchase and sale of commodities has been revised to the following:

 

The funds may not purchase or sell commodities except to the extent permitted by applicable law.

 

To clarify the intent of the new policy, the following note was added to the SAI to be read in connection with the policy:

 

With respect to this investment restriction, the funds may not directly purchase or sell commodities that require physical storage unless acquired as a result of ownership of securities or other instruments but the funds may invest in any derivatives and other financial instruments that involve commodities or represent interests in commodities to the extent permitted by the Investment Company Act of 1940 or other applicable law.

 

This new policy does not apply to the Dividend Growth Fund, Diversified Small-Cap Growth Fund, Emerging Markets Local Multi-Sector Account Portfolio, Institutional High Yield Fund, Institutional Large-Cap Growth Fund, Institutional Large-Cap Value Fund, Institutional Mid-Cap Equity Growth Fund, Institutional Small-Cap Stock Fund, or New America Growth Fund since these funds did not obtain the necessary shareholder votes to approve the revised policy.  These funds will continue to operate under their current policy, which is that they may not purchase or sell physical commodities, except that they may enter into futures contracts and options thereon.

 

 


 

 

We did not seek shareholder approval to apply the new policy to the Short-Government Reserve Fund, Short-Term Reserve Fund, or any of the T. Rowe Price money market funds since they are not permitted to use derivatives.