Seeks to provide long-term growth of capital by investing primarily in the common stocks of companies located, or with primary operations, in Africa and the Middle East. Investments in emerging markets such as these are subject to the risk of abrupt and severe price declines. Therefore, the fund is intended for aggressive long-term investors who can accept the price volatility inherent in common stock investing and the unique risks of international investing, such as changes in currency values, emerging markets, limited geographic focus, and political and economic uncertainty. Please be advised that a 2% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks to provide long-term capital appreciation, current income, and preservation of capital by investing approximately 65% of assets in U.S. and foreign common stocks and 35% in fixed income securities. The fund is designed for investors who seek to balance the potential appreciation of common stocks with the income and relative stability of bonds over the long term.
Seeks to provide long-term growth of capital by investing at least 80% of net assets in the common stocks of well-established large and medium-sized blue chip growth companies with the potential for above-average earnings growth. Income is a secondary objective. The fund may be appropriate for investors who seek capital appreciation over time and can accept the price volatility inherent in common stock investing.
Seeks to provide, consistent with prudent portfolio management, the highest level of income exempt from federal and California state income taxes by investing primarily in long-term, investment-grade California municipal bonds. The fund is not a money market fund and is intended for investors who can accept the risk of price declines. Its price and yield will fluctuate in response to overall interest rate levels. The fund's geographical concentration involves greater credit risk than a nationally diversified fund. Some income may be subject to the federal alternative minimum tax (AMT), and income earned by non-California residents will be subject to applicable state and local taxes.
Seeks to provide preservation of capital, liquidity, and, consistent with these objectives, the highest level of income exempt from federal and California state income taxes. This fund invests in short-term California municipal securities. An investment in this fund is not insured or guaranteed by the FDIC or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund. Some income may be subject to the federal alternative minimum tax (AMT), and income earned by non-California residents will be subject to applicable state and local taxes.
Seeks to maximize capital appreciation over time through investments primarily in common stocks believed to be undervalued, which typically constitute at least half of total assets. The remaining assets are generally invested in convertibles, bonds, and other securities to help preserve principal value. The fund is intended for investors who seek a conservative approach to long-term growth of capital and prefer a strategy that focuses on reducing risk as much as maximizing gains.
Seeks to provide superior capital growth by investing primarily in the common stocks of U.S. companies believed by T. Rowe Price analysts to offer the best opportunities for appreciation. The fund uses a disciplined portfolio construction process whereby it weights each sector approximately the same as the Standard & Poor’s 500 Stock Index. The fund has a flexible strategy and is not limited to a particular investment style, industry, or company size. Investors in this fund should accept the potential for price declines in pursuit of significant long-term growth.
Seeks to provide high income and some capital growth by investing primarily in investment-grade corporate bonds. To enhance income and appreciation opportunities, the fund may invest up to one-third of assets in high yield (junk) bonds. It may also invest in foreign bonds, mortgage-backed securities, convertible debt, and preferred stock. This aggressive fund is not a money market fund. Its price and yield will fluctuate with changing market conditions and interest rate levels, and it is intended for investors who can accept the risk of price declines.
Seeks to provide long-term growth of capital by using a combination of fundamental analysis and quantitative strategies to construct a broadly diversified portfolio of mid-cap growth companies having the potential for above-average growth. The fund's investments are expected to represent less risk than faster-growing small-company stocks, but more than investments in large, well-established businesses. The fund is intended for long-term investors who can accept the price volatility inherent in common stock investing.
Seeks to provide long-term capital appreciation by using a proprietary quantitative strategy in constructing a broadly diversified portfolio of small-cap growth stocks. The fund is designed for investors who seek an aggressive approach to building capital and can accept the higher price fluctuations inherent in small-cap growth investing. Please be advised that a 1% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks to provide increasing dividend income over time, long-term capital appreciation, and a reasonable level of current income through investments primarily in common stocks of dividend-paying companies that have the potential to increase their dividends over time and provide long-term capital growth. The fund may be appropriate for investors who seek a reasonable and rising level of current income from equity investments along with capital appreciation, and can accept the price volatility inherent in common stock investing.
Seeks to provide long-term growth of capital by investing primarily in common stocks of companies operating in emerging markets in Europe, including Eastern Europe and the former Soviet Union, and the Mediterranean region, including the Middle East and North Africa. Investments in emerging markets such as these are subject to the risk of abrupt and severe price declines. Therefore, the fund is intended for aggressive, long-term investors who can accept the price volatility inherent in common stock investing and the unique risks of international investing, such as changes in currency values, emerging markets, limited geographic focus, and political and economic uncertainty. Please be advised that a 2% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks to provide high income and capital appreciation by normally investing at least 80% (and potentially all) of nets assets in high yielding, high-risk bonds issued by governments and corporations in emerging nations. These bonds represent a much greater risk of default and could be more volatile in price than higher-quality bonds. The fund's return may also be affected by changes in the foreign exchange value of the U.S. dollar. The fund is intended for aggressive investors who wish to diversify their fixed income investments and can accept the fund's higher risk characteristics. The fund is not a money market fund, and its price and yield will fluctuate. Please be advised that a 2% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks to provide long-term growth of capital by investing primarily in common stocks of companies operating in emerging markets around the world. Many of these countries are experiencing political, economic, and social transitions; some may not succeed. Investments in emerging markets such as these are subject to the risk of abrupt and severe price declines. Therefore, the fund is intended for aggressive long-term investors who can accept the price volatility inherent in common stock investing; the unique risks of international investing, including changes in currency values; and the probability of substantial price fluctuations. Please be advised that a 2% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks to provide substantial dividend income as well as long-term capital appreciation by investing primarily in dividend-paying common stocks of established companies. In selecting such stocks, the fund emphasizes companies that appear to be temporarily undervalued by various measures, such as price/earnings (P/E) ratios. The fund is intended for investors who can accept the price volatility inherent in common stock investing.
Seeks to match the performance of the U.S. equity market, as represented by the Standard & Poor's 500 Stock Index, which is made up of primarily large-cap companies that represent a broad spectrum of the U.S. economy. The fund, which is not actively managed, is intended for investors who seek long-term capital growth and can accept the price volatility inherent in common stock investing. Please note that an account maintenance fee of $2.50 will be deducted each quarter from IRAs and nonretirement accounts with balances less than $10,000. Please be advised that a 0.5% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks to provide long-term capital appreciation by investing primarily in common stocks of large and small European companies. Current income is a secondary objective. Generally, a fund that invests in a single region represents higher risk and potential reward than one with greater geographic diversification. The fund is intended for investors who seek long-term growth of capital and can accept the price volatility inherent in common stock investing and the unique risks of international investing, such as changes in currency values. Please be advised that a 2% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks to match the performance of the U.S. equity market, as represented by the Standard & Poor's Completion Index. This index comprises more than 3,500 actively traded stocks, mostly small- and mid-cap issues, which are not part of the S&P 500 Index. Because it is not practical for the fund to invest in each index stock, the fund will attempt to accomplish its objective by investing in a sample of stocks that are representative of the index. The fund, which is not actively managed, is intended for investors who seek long-term capital growth and can accept the price volatility inherent in common stock investing. Please note that an account maintenance fee of $2.50 will be deducted each quarter from IRAs and nonretirement accounts with balances less than $10,000. Please be advised that a 0.5% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks to provide long-term growth of capital and a modest level of income by investing at least 80% of its net assets in common stocks of financial services companies. The fund may also invest in companies that derive substantial revenues from conducting business with the financial services industry. Although the fund's narrow investment focus makes it potentially riskier than a more broadly diversified fund, dividends paid by financial services companies may help to moderate this risk to some extent. The fund is intended for long-term investors who can accept the price fluctuations inherent in common stock investing. Please be advised that a 2% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks to provide, consistent with prudent portfolio management, the highest level of income exempt from federal and Georgia state income taxes by investing primarily in long-term, investment-grade Georgia municipal bonds. The fund is not a money market fund and is intended for investors who can accept the risk of price declines. Its price and yield will fluctuate in response to overall interest rate levels. The fund's geographical concentration involves greater credit risk than a nationally diversified fund. Some income may be subject to the federal alternative minimum tax (AMT), and income earned by non-Georgia residents will be subject to applicable state and local taxes.
Seeks to provide long-term growth of capital by normally investing at least 80% of net assets in the securities of infrastructure-related companies throughout the world, including the U.S. Income is a secondary objective. Infrastructure refers to the systems of transportation, communication, energy and other essential services required for the normal function of society. Infrastructure assets are the physical structures and networks that provide these necessary services. The fund defines an infrastructure-related company as any company that derives at least 50% of its revenues or profits, either directly or indirectly, from the infrastructure industry or commits at least 50% of assets to activities related to the infrastructure industry. The fund is intended for long-term investors who are willing to accept the unique risks of international investing, and who can accept the greater risk of price declines inherent in a narrowly focused fund.
Seeks to provide long-term capital growth through investments primarily in the stocks of large-cap companies throughout the world, including the U.S. Under normal conditions, the fund will invest in at least five countries and at least 40% of its net assets will be in large-cap companies outside the U.S. The fund is intended for long-term investors who can accept the price volatility inherent in common stock investing and the unique risks of international investing, such as changes in currency values. However, the fund should be less volatile than one focusing exclusively on foreign stocks. Please be advised that a 2% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks to provide long-term growth through a combination of capital appreciation and current income by normally investing at least 80% of net assets in the equity securities of real estate companies throughout the world, including the U.S. The fund's definition of real estate companies is broad and includes any company that derives at least 50% of its revenues or profits from, or commits at least 50% of assets to, real estate activities. The fund will not invest in real estate directly. The fund is intended for long-term investors who are willing to accept the unique risks of international investing and who can accept the greater risk of price declines inherent in a narrowly focused fund. Please be advised that a 2% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks to provide long-term capital growth by investing primarily in common stocks of established companies throughout the world, including the United States. The fund will diversify broadly by investing in a variety of industries in developed, and, to a lesser extent, emerging markets. The fund is intended for long-term investors who can accept the price volatility inherent in common stock investing and the unique risks of international investing, such as changes in currency values. However, the fund should be less volatile than one focusing exclusively on foreign stocks.
Seeks to provide long-term growth by investing at least 80% of net assets in the common stocks of companies around the world expected to benefit from the development, advancement, and use of technology. The fund will normally seek to invest a minimum of 30% of its portfolio in established and emerging markets and the balance in the U.S. It is designed for aggressive long-term investors who can accept the risk of loss inherent in a fund that focuses on a volatile area of the market and the unique risks of international investing, such as changes in currency values.
Seeks to provide high current income with high overall credit quality and moderate price fluctuation by investing at least 80% of its total assets in GNMA securities backed by the full faith and credit of the U.S. government. However, the fund's price is not guaranteed by the U.S. government. The fund can invest up to 20% of total assets in high-quality securities that are not backed by the full faith and credit of the U.S. government. The fund is not a money market fund, and it is intended for investors who can accept the risk of price declines. Its price and yield will fluctuate in response to overall interest rate levels and mortgage prepayment activity.
Seeks to provide long-term growth of capital, a reasonable level of current income, and an increase in future income through investments primarily in dividend-paying stocks with prospects for capital growth and increasing dividends. Because the fund may employ both value and growth approaches, it may be somewhat more volatile than funds that focus only on value. The fund is intended for long-term investors who can accept the price volatility inherent in common stock investing.
Seeks to provide long-term growth of capital and, secondarily, increasing dividend income by investing primarily in common stocks of well-established growth companies. The fund focuses primarily on U.S. stocks but may also invest up to 30% of total assets in foreign securities. The fund is intended for long-term investors who can accept the price volatility inherent in common stock investing.
Seeks to provide long-term growth of capital by investing at least 80% of net assets in common stocks of companies engaged in the research, development, production, or distribution of products or services related to health care, medicine, and the life sciences. The fund focuses primarily on U.S. stocks but may also invest up to 35% of total assets in foreign securities. While the fund may purchase small-company stocks, its primary focus should be on large and mid-size companies. It is intended for long-term investors who can accept the higher risks inherent in a fund that concentrates on a volatile area of the stock market.
Seeks high current income and, secondarily, capital appreciation by normally investing at least 80% of net assets in a widely diversified portfolio of high yield corporate bonds, also known as "junk" bonds, income-producing convertible securities and preferred stocks. High yield bonds are riskier than higher-quality bonds because they may be less able to make timely interest and principal payments. This aggressive fund is not a money market fund. Its price and yield will fluctuate with changing market conditions and interest rate levels, and it is intended for investors who can accept the risk of price declines. Please be advised that a 1% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks to provide inflation protection and income by normally investing at least 80% of its net assets in inflation protected bonds. The fund emphasizes bonds issued by the U.S. Treasury, but similar bonds issued by U.S. government agencies and corporations may also be purchased. Up to 20% of the fund's inflation protected bonds may be issued by foreign governments or corporations and linked to a non-U.S. inflation rate. The fund's dollar-weighted average maturity is expected to be between five and 15 years. The fund is not a money market fund, and its price and yield will fluctuate in response to interest rate changes.
Seeks to provide high current income and capital appreciation by investing primarily in high-quality, nondollar-denominated bonds outside the U.S. The fund may invest up to 20% of total assets in below investment-grade, high-risk bonds. The fund is intended for aggressive investors who wish to diversify their fixed income investments and can accept the unique risks of international investing, such as changes in currency values. The fund is not a money market fund, and its price and yield will fluctuate. Please be advised that a 2% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks to provide long-term growth of capital through investments primarily in the common stocks of rapidly growing small to medium-sized companies in emerging and developed foreign markets. The fund is intended for aggressive long-term investors who can accept the price volatility inherent in common stock investing and the unique risks of international investing, such as changes in currency values, emerging markets, limited geographic focus, and political and economic uncertainty. Please be advised that a 2% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks to match the performance of the FTSE™ International Limited Developed ex North America Index, an equity market index based on the market capitalization of over 1,000 predominately large companies listed in about 20 countries. This fund may be appropriate for investors who wish to diversify their domestic stock portfolio and who can accept the price volatility inherent in common stock investing and the unique risks of international investing, such as changes in currency values. Please note that an account maintenance fee of $2.50 will be deducted each quarter from all accounts with balances less than $10,000. Please be advised that a 2% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks to provide long-term growth of capital and reasonable income through investments primarily in common stocks of well-established, dividend-paying, non-U.S. companies. The fund's value orientation may result in less risk than a fund that emphasizes international growth stocks, although with less return potential. The fund is intended for long-term investors who can accept the price volatility inherent in common stock investing and the unique risks of international investing, such as changes in currency values. Please be advised that a 2% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks to provide long-term growth of capital by investing primarily in common stocks of established, non-U.S. companies in developed and emerging countries. The fund may purchase stocks of companies of any size, but its focus will typically be on large and, to a lesser extent, medium-sized companies. The fund is intended for long-term investors who can accept the price volatility inherent in common stock investing and the unique of international investing, such as changes in currency values. Please be advised that a 2% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks to provide long-term growth of capital by investing in stocks of large and small companies located, or with primary operations, in Japan. It is intended for long-term investors who can accept the price volatility inherent in common stock investing and the unique risks of international investing. These risks, such as fluctuations in the value of the yen versus the dollar and limited geographic focus, could have a greater effect on the fund's price than would be true for an internationally diversified fund. Please be advised that a 2% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks to provide long-term capital appreciation by investing primarily in common stocks of companies located, or with primary operations, in Latin America. Generally, a fund that invests in a single region represents higher risk and potential reward than one with greater geographic diversification. The fund is intended for aggressive long-term investors who can accept the price volatility inherent in common stock investing and the unique risks of international investing, such as changes in currency values, emerging markets, limited geographic focus, and political and economic uncertainty. Please be advised that a 2% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks to provide the highest level of income exempt from federal and Maryland state and local income taxes consistent with modest fluctuation in principal value. The fund invests primarily in short-term investment-grade Maryland municipal bonds. The fund is not a money market fund and is intended for investors who can accept the risk of price declines. Its price and yield will fluctuate in response to overall interest rate levels. The fund's geographical concentration involves greater credit risk than a nationally diversified fund. Some income may be subject to the federal alternative minimum tax (AMT), and income earned by non-Maryland residents will be subject to applicable state and local taxes.
Seeks to provide, consistent with prudent portfolio management, the highest level of income exempt from federal and Maryland state and local income taxes by investing primarily in long-term, investment-grade Maryland municipal bonds. The fund is not a money market fund, and it is intended for investors who can accept the risk of price declines. Its price and yield will fluctuate in response to overall interest rate levels. The fund's geographical concentration involves more credit risk than a nationally diversified fund. Some income may be subject to the federal alternative minimum tax (AMT), and income earned by non-Maryland residents will be subject to applicable state and local taxes.
Seeks to provide preservation of capital, liquidity, and, consistent with these objectives, the highest level of income exempt from federal and Maryland state and local income taxes. This fund invests in short-term Maryland municipal securities. An investment in this fund is not insured or guaranteed by the FDIC or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund. Some income may be subject to the federal alternative minimum tax (AMT), and income earned by non-Maryland residents will be subject to applicable state and local taxes.
Seeks to provide long-term capital appreciation by investing at least 80% of net assets in media, telecommunications, and technology stocks, including those in the entertainment, broadcasting, and advanced communications industries. In addition, the fund may invest in foreign securities without limitation. It is designed for aggressive long-term investors who seek superior returns over time and can accept the risk of loss inherent in a fund that focuses on a volatile area of the market.
Seeks to provide long-term growth of capital by investing at least 80% of net assets in mid-cap stocks with the potential for above-average earnings growth. The fund's investments are expected to represent less risk than faster-growing small-company stocks but more than investments in large, well-established businesses. The fund is intended for long-term investors who can accept the price volatility inherent in common stock investing.
Seeks to provide long-term growth of capital by investing at least 80% of net assets in the common stocks of medium-sized companies that appear to be undervalued. The fund's focus on mid-cap companies makes it potentially less risky than funds investing in faster-growing small-company stocks but more risky than large-company stock funds. However, the value approach to stock selection may help reduce overall volatility. The fund is intended for long-term investors who can accept the price volatility inherent in common stock investing.
Seeks to provide long-term growth of capital by investing primarily in the common stocks of companies operating in sectors T. Rowe Price believes will be the fastest growing or have the greatest growth potential in the U.S. The fund is intended for long-term investors who can accept the price volatility inherent in common stock investing.
Seeks to provide long-term growth of capital by investing in companies located, or with primary operations, in Asia, excluding Japan. Generally, a fund that invests in a single region represents higher risk and potential reward than one with greater geographic diversification. The fund is intended for aggressive long-term investors who can accept the price volatility inherent in common stock investing and the unique risks of international investing, such as changes in currency values, emerging markets, and limited geographic focus. Please be advised that a 2% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks to provide long-term growth of capital by investing primarily in common stocks of U.S. and foreign companies that own or develop natural resources and other basic commodities. It may also invest in other selected nonresource growth companies. The fund's emphasis on resource-based companies is expected to provide some protection against principal erosion caused by a potential rise in inflation. The fund is intended for long-term investors who can accept the price volatility inherent in common stock investing.
Seeks to provide long-term growth of capital through investments primarily in common stocks of small, rapidly growing companies. Stocks of smaller companies may be subject to more abrupt or erratic price movements than larger-company securities. This fund is intended for long-term investors who can accept the price volatility inherent in common stock investing, especially the potentially greater price fluctuations of emerging growth companies.
Seeks the highest level of income consistent with the preservation of capital over time by investing at least 80% of its total assets in marketable, income-producing debt securities, which may include corporate bonds, mortgage-backed securities, foreign securities, and occasionally equities. The fund may be appropriate for investors who seek higher income than that of a short-term bond fund and can accept the greater risk of price fluctuations. The fund is not a money market fund, and its price and yield will fluctuate.
Seeks to provide, consistent with prudent portfolio management, the highest level of income exempt from federal and New Jersey state income taxes by investing primarily in long-term, investment-grade New Jersey municipal bonds. The fund is not a money market fund and is intended for investors who can accept the risk of price declines. Its price and yield will fluctuate in response to overall interest rate levels. The fund's geographical concentration involves more credit risk than a nationally diversified fund. Some income may be subject to the federal alternative minimum tax (AMT), and income earned by non-New Jersey residents will be subject to applicable state and local taxes.
Seeks to provide, consistent with prudent portfolio management, the highest level of income exempt from federal, New York state, and New York City income taxes by investing primarily in long-term, investment-grade New York municipal bonds. The fund is not a money market fund and is intended for investors who can accept the risk of price declines. Its price and yield will fluctuate in response to overall interest rate levels. The fund's geographical concentration involves more credit risk than a nationally diversified fund. Some income may be subject to the federal alternative minimum tax (AMT), and income earned by non-New York residents will be subject to applicable state and local taxes.
Seeks to provide preservation of capital, liquidity, and, consistent with these objectives, the highest level of income exempt from federal, New York State, and New York City income taxes. This money fund invests in short-term New York municipal securities. An investment in this fund is not insured or guaranteed by the FDIC or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund. Some income may be subject to the federal alternative minimum tax (AMT), and income earned by non-New York residents will be subject to applicable state and local taxes.
Seeks to provide long-term growth of capital by investing primarily in common stocks of large non-U.S. companies that are believed to have a favorable combination of company fundamentals and valuation. The fund expects to diversify broadly among developed and, to a lesser extent, emerging countries. The fund is intended for long-term investors who can accept the price volatility inherent in common stock investing, and the unique risks of international investing such as changes in currency values. Please be advised that a 2% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks the highest total return over time consistent with an emphasis on both capital appreciation and income. The fund invests in a diversified portfolio typically consisting of about 60% stocks, 30% bonds, and 10% money market securities. The fund is designed for investors who seek to balance the potential appreciation of common stocks with the income and relative stability of bonds over the long term. Its price will fluctuate with changes in interest rates and stock prices.
Seeks the highest total return over time consistent with a primary emphasis on capital appreciation and a secondary emphasis on income. The fund invests in a diversified portfolio typically consisting of about 80% stocks and 20% bonds and money market securities. The fund may be appropriate for long-term investors seeking capital growth who are willing to withstand the stock market's inevitable setbacks.
Seeks the highest total return over time consistent with a primary emphasis on income and a secondary emphasis on capital growth. The fund invests in a diversified portfolio typically consisting of about 40% stocks, 40% bonds, and 20% money market securities, The fund may be appropriate for conservative equity investors who value reduced volatility but also desire some capital growth. The fund's price will fluctuate with changes in interest rates and stock prices.
Seeks preservation of capital, liquidity, and, consistent with these objectives, the highest possible current income by investing in money market instruments. An investment in this fund is not insured or guaranteed by the FDIC or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.
Seeks to provide long-term growth through a combination of capital appreciation and current income by normally investing at least 80% of net assets in the equity securities of real estate companies, including real estate investment trusts, real estate operating companies, brokers, developers, and other companies that derive at least 50% of revenues, profits, or assets from real estate activities. The fund may invest up to 25% of assets in foreign securities. The fund is intended for long-term investors seeking long-term growth and current income who can accept the greater risk of price declines inherent in a narrowly focused fund. Please be advised that a 1% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Retirement 2005 Fund seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a broad range of underlying T. Rowe Price mutual funds that include stocks, bonds, and short-term investments and are subject to the risks of different areas of the market. The principal value of the fund is not guaranteed at any time, including at or after the target date, which is the approximate date when investors turn age 65. The fund maintains a substantial allocation to equities both prior to and after the target date, which can result in greater volatility.
Retirement 2010 Fund seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a broad range of underlying T. Rowe Price mutual funds that include stocks, bonds, and short-term investments and are subject to the risks of different areas of the market. The principal value of the fund is not guaranteed at any time, including at or after the target date, which is the approximate date when investors turn age 65. The fund maintains a substantial allocation to equities both prior to and after the target date, which can result in greater volatility.
Retirement 2015 Fund seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a broad range of underlying T. Rowe Price mutual funds that include stocks, bonds, and short-term investments and are subject to the risks of different areas of the market. The principal value of the fund is not guaranteed at any time, including at or after the target date, which is the approximate date when investors turn age 65. The fund maintains a substantial allocation to equities both prior to and after the target date, which can result in greater volatility.
Retirement 2020 Fund seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a broad range of underlying T. Rowe Price mutual funds that include stocks, bonds, and short-term investments and are subject to the risks of different areas of the market. The principal value of the fund is not guaranteed at any time, including at or after the target date, which is the approximate date when investors turn age 65. The fund maintains a substantial allocation to equities both prior to and after the target date, which can result in greater volatility.
Retirement 2025 Fund seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a broad range of underlying T. Rowe Price mutual funds that include stocks, bonds, and short-term investments and are subject to the risks of different areas of the market. The principal value of the fund is not guaranteed at any time, including at or after the target date, which is the approximate date when investors turn age 65. The fund maintains a substantial allocation to equities both prior to and after the target date, which can result in greater volatility.
Retirement 2030 Fund seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a broad range of underlying T. Rowe Price mutual funds that include stocks, bonds, and short-term investments and are subject to the risks of different areas of the market. The principal value of the fund is not guaranteed at any time, including at or after the target date, which is the approximate date when investors turn age 65. The fund maintains a substantial allocation to equities both prior to and after the target date, which can result in greater volatility.
Retirement 2035 Fund seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a broad range of underlying T. Rowe Price mutual funds that include stocks, bonds, and short-term investments and are subject to the risks of different areas of the market. The principal value of the fund is not guaranteed at any time, including at or after the target date, which is the approximate date when investors turn age 65. The fund maintains a substantial allocation to equities both prior to and after the target date, which can result in greater volatility.
Retirement 2040 Fund seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a broad range of underlying T. Rowe Price mutual funds that include stocks, bonds, and short-term investments and are subject to the risks of different areas of the market. The principal value of the fund is not guaranteed at any time, including at or after the target date, which is the approximate date when investors turn age 65. The fund maintains a substantial allocation to equities both prior to and after the target date, which can result in greater volatility.
Retirement 2045 Fund seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a broad range of underlying T. Rowe Price mutual funds that include stocks, bonds, and short-term investments and are subject to the risks of different areas of the market. The principal value of the fund is not guaranteed at any time, including at or after the target date, which is the approximate date when investors turn age 65. The fund maintains a substantial allocation to equities both prior to and after the target date, which can result in greater volatility.
Retirement 2050 Fund seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a broad range of underlying T. Rowe Price mutual funds that include stocks, bonds, and short-term investments and are subject to the risks of different areas of the market. The principal value of the fund is not guaranteed at any time, including at or after the target date, which is the approximate date when investors turn age 65. The fund maintains a substantial allocation to equities both prior to and after the target date, which can result in greater volatility.
Retirement 2055 Fund seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a broad range of underlying T. Rowe Price mutual funds that include stocks, bonds, and short-term investments and are subject to the risks of different areas of the market. The principal value of the fund is not guaranteed at any time, including at or after the target date, which is the approximate date when investors turn age 65. The fund maintains a substantial allocation to equities both prior to and after the target date, which can result in greater volatility.
Retirement Income Fund seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a diversified portfolio of underlying T. Rowe Price mutual funds that consists of about 40% stocks and 60% bonds. As a result, it is subject to the risks of different areas of the market. The fund is intended for retired investors who seek income and relative stability from bonds and capital appreciation potential from stocks and who can accept the price volatility inherent in common stock investing.
Seeks to provide long-term growth of capital by investing at least 80% of net assets in the common stocks of companies expected to benefit from the development, advancement, and use of science and/or technology. While rapid advances in science and technology present attractive opportunities for investment, companies in these fields may face special risks by their products or services not proving commercially successful or becoming obsolete. The fund is intended for aggressive long-term investors who can accept this risk.
Seeks a high level of income consistent with minimal fluctuations in principal value and liquidity. The fund invests in a diversified portfolio of investment-grade corporate, government, and mortgage-backed securities with short- and intermediate-term maturities. The fund is not a money market fund. Its price will fluctuate, but usually less than a higher yielding, longer-term bond fund.
Seeks to provide long-term growth of capital by investing at least 80% of net assets in stocks of small companies believed to be undervalued or to have prospects for growth. The fund's price may reflect the potentially greater fluctuations experienced by smaller- company stocks compared with stocks of larger or more well-known companies. The fund may be appropriate for long-term investors who can accept the price volatility inherent in common stock investing.
Seeks to provide long-term growth of capital by investing primarily in small companies whose common stocks are believed to be undervalued and have good prospects for capital appreciation. While stocks of smaller companies may be subject to more abrupt or erratic price movements than those of large companies, this fund's value approach to stock selection may serve to reduce overall volatility. The fund is intended for long-term investors who can accept the price fluctuations inherent in common stock investing. Please be advised that a 1% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks long-term capital appreciation and growth of income with current income as a secondary objective. The fund invests in a diversified group of up to 12 T. Rowe Price mutual funds, nine of which are principally invested in equities and one in money market securities. The wide range of investments includes small, medium-sized, and large companies in the U.S. and non-U.S. companies in established and emerging markets. The fund is intended for long-term investors who can accept the price volatility inherent in common stock investing and the unique risks of international investing, including changes in currency values.
Seeks a high level of current income with moderate price fluctuation by investing in a diversified group of up to 10 T. Rowe Price mutual funds, including U.S. bond funds, international bond funds, a money market fund, and an equity fund that invests in the common stocks of established, dividend-paying companies. The fund is not a money market fund and is intended for investors who can accept the risk of price declines. Its price and yield will fluctuate with changes in interest rates and stock prices.
Seeks long-term growth of capital by investing in a diversified group of up to 14 T. Rowe Price mutual funds, including developed and emerging market equity funds, a money market fund, and, from time to time, international bond funds. The fund may be appropriate for long-term investors who can accept the price volatility inherent in common stock investing and the unique risks of international investing, including changes in currency values.
Seeks to provide high income and some capital appreciation by investing at least 80% of its net assets in income-producing securities and instruments. The fund uses an asset allocation strategy to build a broadly diversified portfolio of domestic and foreign debt instruments, including government and corporate bonds, mortgage-backed, commercial mortgage-backed, and asset-backed securities, and preferred stocks. The fund is intended for investors who can accept the risk of price declines and the special risks associated with high yield bonds and foreign securities.
Seeks preservation of capital, liquidity, and, consistent with these objectives, the highest possible current income by investing in high-quality U.S. dollar-denominated money market securities issued in the U.S. and abroad. An investment in this fund is not insured or guaranteed by the FDIC or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.
Seeks a high level of income and maximum credit protection by investing at least 80% of net assets in GNMA securities backed by the full faith and credit of the U.S. government. The fund may also invest up to 30% of net assets in other types of high-quality securities rated AAA or AA. The interest and principal payments of GNMAs are guaranteed by the U.S. government, but the prices of these securities are not. The fund is not a money market fund. Its price and yield will fluctuate in response to overall interest rate levels and mortgage prepayment activity, and it is intended for investors who can accept the risk of price declines.
Seeks a high level of income exempt from federal income taxes by investing primarily in long-term, investment-grade municipal bonds rated AAA through BBB. The fund may also invest up to 20% of total assets in noninvestment-grade securities, also called "junk" bonds. Its price and yield will fluctuate more than those of funds investing exclusively in short-term or investment-grade bonds. In addition, some income may be subject to state or local taxes and the federal alternative minimum tax (AMT).
Seeks the highest level of income exempt from federal income taxes consistent with moderate price fluctuation. It invests primarily in investment-grade municipal securities rated AAA through BBB, but may also invest up to 10% of total assets in noninvestment-grade securities, also called "junk" bonds. The fund is not a money market fund. Its yield and price will fluctuate with overall interest rate levels. Some income may be subject to state or local taxes and the federal alternative minimum tax (AMT).
Seeks preservation of capital and liquidity and, consistent with these objectives, the highest possible current income exempt from federal income taxes. The fund invests in very short-term municipal securities. An investment in this fund is not insured or guaranteed by the FDIC or any other government agency. Although it seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund. Some income may be subject to state or local taxes or the federal alternative minimum tax (AMT).
Seeks to maximize after-tax growth of capital by investing primarily in common stocks. The fund expects to have significant investments in technology companies. It is designed for tax-conscious investors who seek capital appreciation and can accept the price volatility inherent in common stock investing, especially the potentially greater price fluctuations of mid- and small-cap companies. Please be advised that a 1% redemption fee will be assessed on shares purchased and held for less than 365 days. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks to provide preservation of capital, liquidity, and, consistent with these objectives, the highest current income exempt from federal income taxes by investing in very short-term municipal securities. An investment in this fund is not insured or guaranteed by the FDIC or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund. Some income may be subject to state and local taxes. The fund does not invest in securities that are subject to the alternative minimum tax.
Seeks to provide a high level of income exempt from federal income taxes by investing primarily in long-term, low- to upper-medium-grade municipal securities. The fund's comparatively higher yield reflects the greater credit risk of its investments. Its yield does not represent its total return, which may be higher or lower. The fund is not a money fund, and its price will fluctuate more than that of a shorter-term bond fund. Some income may be subject to state and local taxes and the federal alternative minimum tax (AMT).
Seeks to provide a high level of income exempt from federal income taxes by investing primarily in long-term, investment-grade municipal bonds. Although the fund's high credit quality reduces credit risk, the share price will rise and fall with changes in interest rate levels. The fund is not a money fund, and its price will fluctuate more than that of a short-term bond fund. Some income may be subject to state and local taxes. The fund does not invest in securities that are subject to the alternative minimum tax.
Seeks to provide, consistent with modest price fluctuation, a high level of income exempt from federal income taxes by investing primarily in short- and intermediate-term investment-grade municipal securities. The fund is not a money market fund. Its yield and price will fluctuate as interest rates change, but it should be less volatile than a higher yielding long-term bond fund. Some income may be subject to state and local taxes and the federal alternative minimum tax (AMT).
Seeks to match the performance of the entire U.S. equity market, as represented by the Standard & Poor's Total Market Index. This index comprises more than 4000 actively traded small-, mid-, and large-cap stocks, but because the largest stocks in the index carry the most weight, large-cap stocks make up a substantial majority of the index's market-cap weighted value. Because it is not practical for the fund to invest in each index stock, the fund will attempt to accomplish its objective by investing in a sample of stocks that are representative of the index. The fund, which is not actively managed, is intended for investors who seek long-term capital growth and can accept the price volatility inherent in common stock investing. Please note that an account maintenance fee of $2.50 will be deducted each quarter from IRAs and nonretirement accounts with balances less than $10,000. Please be advised that a 0.5% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks to match the total return performance of the U.S. investment-grade bond market by investing in bonds representative of the Barclays Capital Aggregate Bond Index, which typically includes more than 6,000 fixed income securities with an overall intermediate to long average maturity. This fund is designed for investors who seek a low-cost way to participate in the U.S. investment-grade bond market and who can accept the risk of price fluctuation. This fund is not a money market fund and its price and yield will fluctuate with interest rate changes. Please note that an account maintenance fee of $2.50 will be deducted each quarter from IRAs and nonretirement accounts with balances less than $10,000. Please be advised that a 0.5% redemption fee will be assessed on shares purchased and held for 90 days or less. Shares purchased through reinvested distributions (dividends and capital gains) are excluded from the redemption fee.
Seeks to provide long-term capital growth by investing at least 80% of net assets in the stocks of large-cap U.S. companies believed to be undervalued or to have prospects for growth. The fund is intended for long-term investors who can accept the price volatility inherent in common stock investing.
Seeks to provide a high level of income consistent with maximum credit protection and moderate fluctuation in principal by investing at least 80% of its net assets in U.S. Treasury securities, which are backed by the full faith and credit of the U.S. government. The fund is neither insured nor guaranteed by the U.S. government. The fund is not a money market fund, and its price and yield will fluctuate with overall interest rate levels.
Seeks to provide the highest level of current income consistent with maximum credit protection by investing at least 85% of its net assets in U.S. Treasury securities, which are backed by the full faith and credit of the federal government. The fund is neither insured nor guaranteed by the U.S. government. The fund is not a money market fund, and its price and yield will fluctuate with overall interest rate levels.
Seeks maximum preservation of capital and liquidity, and, consistent with these objectives, the highest possible current income by investing at least 80% of its net assets in U.S. Treasury securities, which are backed by the full faith and credit of the U.S. government. An investment in this fund is not insured or guaranteed by the FDIC or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.
Seeks to provide long-term capital appreciation by investing primarily in common stocks believed to be undervalued. Income is a secondary objective. Stocks of large U.S. companies are expected to predominate, but small-company stocks, convertible securities, bonds, and foreign securities may also be included in the portfolio. The fund is intended for long-term investors who can accept the price volatility inherent in common stock investing.
Seeks to provide, consistent with prudent portfolio management, the highest level of income exempt from federal and Virginia state income taxes by investing primarily in long-term, investment-grade Virginia municipal bonds. The fund is not a money market fund and is intended for investors who can accept the risk of price declines. Its price and yield will fluctuate in response to overall interest rate levels. The fund's geographical concentration involves greater credit risk than a nationally diversified fund. Some income may be subject to the federal alternative minimum tax (AMT), and income earned by non-Virginia residents will be subject to applicable state and local taxes.
Feedback