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  • All T. Rowe Price mutual funds are offered by prospectus only. Mutual fund prospectuses include investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing.

    To view the Statement of Additional Information for any of the below funds, please click here

    T. Rowe Price mutual funds issue a report every six months according to its fiscal-year schedule. In each mutual fund report, the fund manager discusses the general market environment, explains the investment decisions made during the reporting period, and presents an outlook for the economy and the financial markets. These reports are intended for shareholders and others who have reviewed the mutual fund's prospectus.

    You can also obtain a free copy of the prospectus or the mutual fund report by calling us toll free at 1-800-541-8803.

    The annual and semiannual mutual fund reports for the Domestic Stock Funds cover the one-year and six-month periods ended December 31st and June 30th, respectively, and are available within 60 days of the indicated period-ends. The only exceptions to this are the annual and semiannual reports for the Tax-Efficient Equity Fund (which cover the one-year and six-month periods ended February 28th and August 31st, respectively).

     
    Fund Name Summary Prospectus Prospectus Annual Report Semi-Annual Report
    Balanced Acrobat Acrobat Acrobat Acrobat
    Blue Chip Growth Acrobat Acrobat Acrobat Acrobat
    Capital Appreciation Acrobat Acrobat Acrobat Acrobat
    Capital Opportunity Acrobat Acrobat Acrobat Acrobat
    Diversified Mid-Cap Growth Acrobat Acrobat Acrobat Acrobat
    Diversified Small-Cap Growth Acrobat Acrobat Acrobat Acrobat
    Dividend Growth Acrobat Acrobat Acrobat Acrobat
    Equity Income Acrobat Acrobat Acrobat Acrobat
    Equity Index 500 Acrobat Acrobat Acrobat Acrobat
    Extended Equity Market Index Acrobat Acrobat Acrobat Acrobat
    Financial Services Acrobat Acrobat Acrobat Acrobat
    Growth & Income Acrobat Acrobat Acrobat Acrobat
    Growth Stock Acrobat Acrobat Acrobat Acrobat
    Health Sciences Acrobat Acrobat Acrobat Acrobat
    Media & Telecommunications Acrobat Acrobat Acrobat Acrobat
    Mid-Cap Growth Acrobat Acrobat Acrobat Acrobat
    Mid-Cap Value Acrobat Acrobat Acrobat Acrobat
    New America Growth Acrobat Acrobat Acrobat Acrobat
    New Era Acrobat Acrobat Acrobat Acrobat
    New Horizons Acrobat Acrobat Acrobat Acrobat
    Real Estate Acrobat Acrobat Acrobat Acrobat
    Science & Technology Acrobat Acrobat Acrobat Acrobat
    Small-Cap Stock Acrobat Acrobat Acrobat Acrobat
    Small-Cap Value Acrobat Acrobat Acrobat Acrobat
    Spectrum Growth Acrobat Acrobat Acrobat Acrobat
    Tax-Efficient Equity Acrobat Acrobat Acrobat Acrobat
    Total Equity Market Index Acrobat Acrobat Acrobat Acrobat
    U.S. Large-Cap Core Acrobat Acrobat Acrobat Acrobat
    Value Acrobat Acrobat Acrobat Acrobat

    The annual and semiannual mutual fund reports for the International Stock Funds cover the one-year and six-month periods ended October 31st and April 30th, respectively, and are available within 60 days of the indicated period-ends. The only exceptions to this are the annual and semiannual mutual fund reports for the Global Real Estate, Global Technology, and Spectrum International Funds (which cover the one-year and six-month periods ended December 31st and June 30th, respectively).

    The annual and semiannual mutual fund reports for the International Bond Funds cover the one-year and six-month periods ended December 31st and June 30th, respectively, and are available within 60 days of the indicated period ends.

     
    International Stock Funds
    Fund Name Summary Prospectus Prospectus Annual Report Semi-Annual Report
    Africa & Middle East Acrobat Acrobat Acrobat Acrobat
    Asia Opportunities Acrobat Acrobat Acrobat Acrobat
    Emerging Europe Acrobat Acrobat Acrobat Acrobat
    Emerging Markets Stock Acrobat Acrobat Acrobat Acrobat
    European Stock Acrobat Acrobat Acrobat Acrobat
    Global Growth Stock Acrobat Acrobat Acrobat Acrobat
    Global Industrials Acrobat Acrobat Acrobat Acrobat
    Global Real Estate Acrobat Acrobat Acrobat Acrobat
    Global Stock Acrobat Acrobat Acrobat Acrobat
    Global Technology Acrobat Acrobat Acrobat Acrobat
    International Discovery Acrobat Acrobat Acrobat Acrobat
    International Equity Index Acrobat Acrobat Acrobat Acrobat
    International Growth & Income Acrobat Acrobat Acrobat Acrobat
    International Stock Acrobat Acrobat Acrobat Acrobat
    Japan Acrobat Acrobat Acrobat Acrobat
    Latin America Acrobat Acrobat Acrobat Acrobat
    New Asia Acrobat Acrobat Acrobat Acrobat
    Overseas Stock Acrobat Acrobat Acrobat Acrobat
    Spectrum International Acrobat Acrobat Acrobat Acrobat
    International Bond Funds
    Fund Name Summary Prospectus Prospectus Annual Report Semi-Annual Report
    Emerging Markets Bond Acrobat Acrobat Acrobat Acrobat
    Emerging Markets Corporate Bond Acrobat Acrobat Acrobat Acrobat
    Emerging Markets Local Currency Bond Acrobat Acrobat Acrobat Acrobat
    International Bond Acrobat Acrobat Acrobat Acrobat

    The annual and semiannual mutual fund reports for the Taxable Domestic Bond Funds cover the one-year and six-month periods ended May 31st and November 30th, respectively, and are available within 60 days of the indicated period-ends. The only exceptions to this are the annual and semiannual mutual fund reports for the Spectrum Income Fund (which cover the one-year and six-month periods ended December 31st and June 30th, respectively) and the U.S. Bond Index Fund (which cover the one-year and six-month periods ended April 30th and October 31st, respectively).

    The annual and semiannual shareholder reports for the Tax-Free Domestic Bond Funds cover the one-year and six-month periods ended February 28th and August 31st, respectively, and are available within 60 days of the indicated period-ends.

    The annual and semiannual shareholder reports for the Summit Funds cover the one-year and six-month periods ended October 31st and April 30th, respectively, and are available within 60 days of the indicated period-ends.

     
    Taxable Domestic Bond Funds
    Fund Name Summary Prospectus Prospectus Annual Report Semi-Annual Report
    Corporate Income Acrobat Acrobat Acrobat Acrobat
    Credit Opportunities Acrobat Acrobat Acrobat Acrobat
    Floating Rate Acrobat Acrobat Acrobat Acrobat
    GNMA Acrobat Acrobat Acrobat Acrobat
    High Yield Acrobat Acrobat Acrobat Acrobat
    Inflation Protected Bond Acrobat Acrobat Acrobat Acrobat
    New Income Acrobat Acrobat Acrobat Acrobat
    Short-Term Bond Acrobat Acrobat Acrobat Acrobat
    Spectrum Income Acrobat Acrobat Acrobat Acrobat
    Strategic Income Acrobat Acrobat Acrobat Acrobat
    U.S. Bond Enhanced Index Acrobat Acrobat Acrobat Acrobat
    U.S. Treasury Intermediate Acrobat Acrobat Acrobat Acrobat
    U.S. Treasury Long-Term Acrobat Acrobat Acrobat Acrobat
    Ultra Short-Term Bond Acrobat Acrobat Acrobat Acrobat
    Tax-Free Domestic Bond Funds
    Fund Name Summary Prospectus Prospectus Annual Report Semi-Annual Report
    California Tax-Free Bond Acrobat Acrobat Acrobat Acrobat
    Georgia Tax-Free Bond Acrobat Acrobat Acrobat Acrobat
    Maryland Tax-Free Bond Acrobat Acrobat Acrobat Acrobat
    Maryland Short-Term Tax-Free Bond Acrobat Acrobat Acrobat Acrobat
    New Jersey Tax-Free Bond Acrobat Acrobat Acrobat Acrobat
    New York Tax-Free Bond Acrobat Acrobat Acrobat Acrobat
    Summit Municipal Income Acrobat Acrobat Acrobat Acrobat
    Summit Municipal Intermediate Acrobat Acrobat Acrobat Acrobat
    Tax-Free High Yield Acrobat Acrobat Acrobat Acrobat
    Tax-Free Income Acrobat Acrobat Acrobat Acrobat
    Tax-Free Short-Intermediate Acrobat Acrobat Acrobat Acrobat
    Virginia Tax-Free Bond Acrobat Acrobat Acrobat Acrobat

    The annual and semiannual mutual fund reports for the Taxable Money Market Funds cover the one-year and six-month periods ended May 31st and November 30th, respectively, and are available within 60 days of the indicated period-ends.

    The annual and semiannual shareholder reports for the Tax-Free Money Market Funds cover the one-year and six-month periods ended February 28th and August 31st, respectively, and are available within 60 days of the indicated period-ends. The annual and semiannual shareholder reports for the Summit Funds cover the one-year and six-month periods ended October 31st and April 30th, respectively, and are available within 60 days of the indicated period-ends.

     
    Taxable Money Market Funds
    Fund Name Summary Prospectus Prospectus Annual Report Semi-Annual Report
    Prime Reserve Acrobat Acrobat Acrobat Acrobat
    Summit Cash Reserves Acrobat Acrobat Acrobat Acrobat
    U.S. Treasury Money Acrobat Acrobat Acrobat Acrobat
    Tax-Free Money Market Funds
    Fund Name Summary Prospectus Prospectus Annual Report Semi-Annual Report
    California Tax-Free Money Acrobat Acrobat Acrobat Acrobat
    Maryland Tax-Free Money Acrobat Acrobat Acrobat Acrobat
    New York Tax-Free Money Acrobat Acrobat Acrobat Acrobat
    Summit Municipal Money Market Acrobat Acrobat Acrobat Acrobat
    Tax-Exempt Money Acrobat Acrobat Acrobat Acrobat

    The annual and semiannual shareholder reports for the Asset Allocation Funds cover the one-year and six-month periods ended May 31st and November 30th, respectively, and are available within 60 days of the indicated period-ends. The only exceptions to this are the annual and semiannual mutual fund reports for the Balanced, Spectrum Growth, Spectrum Income, and Spectrum International Funds (which cover the one-year and six-month periods ended December 31st and June 30th, respectively).

     
    Fund Name Summary Prospectus Prospectus Annual Report Semi-Annual Report
    Balanced Acrobat Acrobat Acrobat Acrobat
    Global Allocation Acrobat Acrobat Acrobat Acrobat
    Personal Strategy Balanced Acrobat Acrobat Acrobat Acrobat
    Personal Strategy Growth Acrobat Acrobat Acrobat Acrobat
    Personal Strategy Income Acrobat Acrobat Acrobat Acrobat
    Real Assets Acrobat Acrobat Acrobat Acrobat
    Retirement 2005 Acrobat Acrobat Acrobat Acrobat
    Retirement 2010 Acrobat Acrobat Acrobat Acrobat
    Retirement 2015 Acrobat Acrobat Acrobat Acrobat
    Retirement 2020 Acrobat Acrobat Acrobat Acrobat
    Retirement 2025 Acrobat Acrobat Acrobat Acrobat
    Retirement 2030 Acrobat Acrobat Acrobat Acrobat
    Retirement 2035 Acrobat Acrobat Acrobat Acrobat
    Retirement 2040 Acrobat Acrobat Acrobat Acrobat
    Retirement 2045 Acrobat Acrobat Acrobat Acrobat
    Retirement 2050 Acrobat Acrobat Acrobat Acrobat
    Retirement 2055 Acrobat Acrobat Acrobat Acrobat
    Retirement 2060 Acrobat Acrobat Acrobat Acrobat
    Retirement Income Acrobat Acrobat Acrobat Acrobat
    Spectrum Growth Acrobat Acrobat Acrobat Acrobat
    Spectrum Income Acrobat Acrobat Acrobat Acrobat
    Spectrum International Acrobat Acrobat Acrobat Acrobat
    Target Retirement 2005 Acrobat Acrobat Acrobat Acrobat
    Target Retirement 2010 Acrobat Acrobat Acrobat Acrobat
    Target Retirement 2015 Acrobat Acrobat Acrobat Acrobat
    Target Retirement 2020 Acrobat Acrobat Acrobat Acrobat
    Target Retirement 2025 Acrobat Acrobat Acrobat Acrobat
    Target Retirement 2030 Acrobat Acrobat Acrobat Acrobat
    Target Retirement 2035 Acrobat Acrobat Acrobat Acrobat
    Target Retirement 2040 Acrobat Acrobat Acrobat Acrobat
    Target Retirement 2045 Acrobat Acrobat Acrobat Acrobat
    Target Retirement 2050 Acrobat Acrobat Acrobat Acrobat
    Target Retirement 2055 Acrobat Acrobat Acrobat Acrobat
    Target Retirement 2060 Acrobat Acrobat Acrobat Acrobat

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