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Prospectuses

These funds are designed mainly for individual investors but are also available to institutions and other types of investors investing directly with T. Rowe Price.

Fund Name Prospectus Shareholder Reports SAI

Variable Insurance Portfolios are only available through insurance companies that are currently offering separate accounts established for the purpose of funding variable annuity and variable life insurance contracts and are not otherwise available. Please refer to the variable annuity or variable life contracts that are described in separate prospectuses issued by the insurance companies.

Fund Name Prospectus Shareholder Reports SAI

Advisor Class, F Class, and R Class shares are designed to be sold only through financial advisors and other financial intermediaries, such as brokers, banks, insurance companies, and retirement plan recordkeepers.

Fund Name Prospectus Shareholder Reports SAI

Institutional Funds are designed to be sold only to institutional investors, which typically include banks, corporations, pensions, and trust and investment companies. The Institutional Funds require a $1,000,000 minimum initial investment.

Fund Name Prospectus Shareholder Reports SAI

The I Class is generally available only to financial intermediaries and other institutional investors, and individual investors meeting the investment minimum of $1,000,000 or certain criteria.

Fund Name Prospectus Shareholder Reports SAI
These prospectus are for mutual funds offered and sold only to persons residing in the United States. T. Rowe Price Investment Services, Inc., Distributor.