^ 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 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., has contractually agreed to permanently waive
any expenses that would cause the class' ratio of expenses to average daily net
assets to exceed the net expense ratio listed above. This waiver may only be terminated
by approval of the fund's shareholders. Fees waived and expenses paid under the fund's
contractual expense limitation arrangement are subject to reimbursement to
T. Rowe Price Associates by the fund whenever the fund's
expense ratio is below a certain level. See the prospectus for details.
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.