^ The gross expense ratio reflects the fund expenses as stated in the fee table of the fund's
prospectus prior to the deduction of any waiver or reimbursement.
The net expense ratio reflects fund expenses after the deduction of any waiver or reimbursement.
If a fund has an active contractual expense ratio limitation, the expiration date is shown below the gross and net
expense ratio values above. Expense ratios are as of the most recent prospectus.
^ T. Rowe Price Associates, Inc. is required to permanently waive a
portion of its management fee charged to the fund in an amount sufficient to
fully offset any acquired fund fees and expenses related to investments in other
T. Rowe Price mutual funds. The amount of the waiver will vary each
fiscal year in proportion to the amount invested in other T. Rowe Price
The mutual funds referred to in this website are offered and sold only to persons residing in the United States and are offered by prospectus only. The prospectuses include investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing. Download a prospectus.