Fiscal Year End
|| Large Blend
The fund seeks to match the performance of the entire U.S. stock market as represented by the S&P Total Market Index. Because the largest stocks in the index carry the most weight, large-capitalization stocks make up a substantial majority of the S&P Total Market Index's value.
The fund uses a sampling strategy, investing substantially all of its assets in a broad spectrum of small-, mid-, and large-cap stocks representative of the S&P Total Market Index. The fund does not attempt to fully replicate the index by owning each of the stocks in it. The index includes approximately 4,500 stocks.
Investors seeking capital appreciation over time who can accept the risk of loss inherent in common stock investing. Appropriate for both regular and tax-deferred accounts, such as IRAs.
“Standard & Poor’s®”, “S&P®”, “S&P 500®”, “Standard & Poor’s 500”, “500”, “S&P Total Market Index”, and “S&P TMI” 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. Because the fund is designed to track the S&P Total Market 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.