Fiscal Year End
|| Mid-Cap Blend
The fund seeks to track the performance of a benchmark index that measures the investment return of small- and mid-capitalization U.S. stocks.
The fund attempts to match the investment return of small- and mid-capitalization U.S. stocks by seeking to match the performance of its benchmark index, the Standard & Poors Completion Index (S&P Index). The S&P Index consists of primarily small- and mid-capitalization stocks and generally includes those U.S. stocks that are not included in the Standard & Poors 500 Stock Index.
Investors seeking capital appreciation over time who can accept the risk of loss inherent in common stock investing and the heightened risks associated with small- and mid-cap stocks. Appropriate for both regular and tax-deferred accounts, such as IRAs.
“Standard & Poor’s®”, “S&P®”, “S&P 500®”, “Standard & Poor’s 500”, “500”, and “S&P Completion Index” are marks/trademarks of The McGraw-Hill Companies, Inc., and have been licensed for use by T. Rowe Price. The Product is not sponsored, endorsed, sold, or promoted by Standard & Poor’s, and Standard & Poor’s makes no representation regarding the advisability of investing in the Product.
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Index investing provides investors with a convenient and relatively low-cost way to approximate the performance of a particular market. Because the fund is passively managed, its expenses are lower than the average actively managed fund. Assuming all other factors are equal, lower expenses can increase a fund's total return. Lower turnover should mean smaller capital gain distributions, which can raise a fund's after-tax returns.
Stocks can decline for many reasons, including adverse political or economic developments here or abroad, changes in investor psychology, or heavy institutional selling. The fund will be subject to the greater risks associated with small- and mid-cap stocks. Because the fund is designed to track the S&P Completion Index, it does not have the flexibility to shift assets toward stocks or sectors that are rising or away from stocks or sectors that are declining. As a result, actively managed funds may outperform this fund.