One of the wisest investment decisions you make could be choosing a fund family that combines active management with low costs. T. Rowe Price is committed to holding fees down while offering a proven investment philosophy that seeks to maximize your returns and manage risk. We offer mutual funds with no loads or sales charges, with expense ratios below their Lipper category averages.

T. Rowe Price Offers NO LOAD Funds

A load is a commission on the price of a mutual fund's shares generally used to compensate the selling broker. Since we sell direct, we can offer funds without loads that will reduce the amount of your returns.

We carefully examine companies before we invest in an effort to make sure that each represents a true long-term opportunity—a diligence that also helps keep trading costs low. (In an effort to prevent short-term trading, which can drive up shareholder costs, we charge redemption fees on some funds.)

T. Rowe Price Keeps Expense Ratios Low

Over 90% of our funds for individual investors have expense ratios below their peer category averages.* Detailed information on our funds' fees and expenses can be found in their prospectuses.

T. Rowe Price Has Low Investment Minimums

By keeping our investment minimums low, we make it easy to start investing with our funds. The chart below shows what you need to get started.

Taxable Accounts IRAs
$2,500** $1,000

Our Automatic Asset Builder (AAB) service allows you to contribute monthly to your investment with as little as $100 per transaction, after the minimum to open an account is satisfied.

For more information, please visit the Account Minimums & Fees FAQs page.

Source: Lipper Inc. 174 of 184 funds (excluding institutional and bank institutional funds as defined by Lipper) more than 6 months old had expense ratios below their Lipper averages based on fiscal year-end data available as of 12/31/14.

**Summit Funds have a minimum initial investment of $25,000.