2017 Qualified Dividend Income Percentage

All or a portion of your ordinary income dividend from a mutual fund may be taxed at a reduced capital gains rate rather than the higher marginal rates applicable to ordinary income. The amount of your dividend subject to this lower rate is reported in Box 1b of your Form 1099-DIV mailed in January 2018. The tax forms for the T. Rowe Price Real Assets, Real Estate, Global Real Estate, and Small-Cap Value Funds mail in February.

The tables below report the percentage of the ordinary dividend paid by the T. Rowe Price funds that qualify for the lower dividend rate. The data is provided here for informational purposes only and to assist you in your tax planning. In preparing your tax return, please use the amount in Box 1b of your Form 1099-DIV.

To treat a dividend as qualifying for lower rates, you must have held your shares on which you received the dividend for at least 61 days during the 121-day period beginning 60 days before the ex-dividend date of the distribution. You may find your fund's ex-dividend date here.

In addition, the ordinary dividend of a mutual fund (the amount included in Box 1a of Form 1099-DIV) includes net short-term capital gains and foreign taxes paid, which may not qualify for the lower rates. As a result, the percentage of the Box 1a amount that qualifies for the lower tax rate can vary widely from year to year, depending on the amount of short-term gains and foreign taxes reported by the fund.

If you own a fund that has more than one distribution during the year, the amount reported in Box 1b of your Form 1099-DIV will be based on the qualifying percentage for each distribution.

Calculations based on the percentages below may yield amounts that differ from the amounts on your Form 1099-DIV due to rounding.

Qualified Dividend Income Percentage Tables
T. Rowe Price Domestic Stock Funds
  Qualified Dividend Income Percentage1
Balanced (All Quarters) 43.38%
Blue Chip Growth 100.00%
Capital Appreciation 32.42%
Capital Opportunity 95.39%
Diversified Mid-Cap Growth 100.00%
Dividend Growth (All Quarters) 100.00%
Equity Income (All Quarters) 100.00%
Equity Index 500 (All Quarters) 92.80%
Extended Equity Market Index 38.87%
Financial Services 100.00%
Growth & Income (All Quarters) 80.88%
Growth Stock 66.63%
Health Sciences 54.73%
Media & Telecommunications 100.00%
Mid-Cap Growth 100.00%
Mid-Cap Value 70.30%
New America Growth 32.88%
New Era 100.00%
New Horizons 21.01%
Personal Strategy Balanced (All Quarters) 36.94%
Personal Strategy Growth 57.32%
Personal Strategy Income (All Quarters) 23.56%
QM U.S. Small & Mid-Cap Core Equity 92.18%
QM U.S. Small-Cap Growth Equity 100.00%
QM U.S. Value Equity 69.26%
Real Assets 98.17%
Real Estate (All Quarters) 17.49%
Science & Technology 10.23%
Small-Cap Stock 73.89%
Small-Cap Value 100.00%
Tax-Efficient Equity 100.00%
Total Equity Market Index 93.79%
U.S. Large-Cap Core 98.02%
Value 79.16%
T. Rowe Price International/Global Stock and Bond Funds
  Qualified Dividend Income Percentage1
International/Global Stock Funds
Africa & Middle East 74.73%
Asia Opportunities 100.00%
Emerging Europe 100.00%
Emerging Markets Stock 100.00%
Emerging Markets Value Stock 36.49%
European Stock 100.00%
Global Allocation 47.56%
Global Consumer 73.13%
Global Growth Stock 33.68%
Global Industrials 24.49%
Global Real Estate (All Quarters) 41.15%
Global Stock 100.00%
Global Technology 1.80%
International Concentrated Equity 34.12%
International Discovery 45.99%
International Equity Index 77.54%
International Stock 63.51%
International Value Equity 87.35%
Japan 100.00%
Latin America 31.98%
New Asia 19.95%
Overseas Stock 100.00%
QM Global Equity 100.00%
International/Global Bond Funds
Dynamic Global Bond2
Emerging Markets Bond
Emerging Markets Corporate Bond
Emerging Markets Local Currency Bond
Global High Income Bond 0.31%
Global Multi-Sector Bond
International Bond
International Bond USD Hedged
T. Rowe Price Taxable Bond Funds
  Qualified Dividend Income Percentage1
Cash Reserves
Corporate Income
Credit Opportunities 0.77%
Floating Rate
Government Money
High Yield 0.95%
Inflation Protected Bond
Limited Duration Inflation Focused Bond
New Income 0.03%
Short-Term Bond
Total Return 0.20%
Ultra Short-Term Bond
U.S. Bond Enhanced Index
U.S. High Yield3
U.S. Treasury Intermediate
U.S. Treasury Long-Term
U.S. Treasury Money
T. Rowe Price Tax-Free Bond Funds
  Qualified Dividend Income Percentage1
California Tax-Free Bond N/A
California Tax-Free Money N/A
Georgia Tax-Free Bond N/A
Intermediate Tax-Free High Yield N/A
Maryland Short-Term Tax-Free Bond N/A
Maryland Tax-Free Bond
Maryland Tax-Free Money N/A
New Jersey Tax-Free Bond
New York Tax-Free Bond N/A
New York Tax-Free Money N/A
Summit Municipal Income
Summit Municipal Intermediate
Summit Municipal Money Market
Tax-Exempt Money
Tax-Free High Yield 16.16%
Tax-Free Income
Tax-Free Short-Intermediate N/A
Virginia Tax-Free Bond 0.06%
T. Rowe Price Retirement, Spectrum, and Target Funds
  Qualified Dividend Income Percentage1
Retirement 2005 25.25%
Retirement 2010 30.00%
Retirement 2015 35.45%
Retirement 2020 41.56%
Retirement 2025 46.63%
Retirement 2030 54.54%
Retirement 2035 58.24%
Retirement 2040 65.03%
Retirement 2045 67.98%
Retirement 2050 67.48%
Retirement 2055 67.02%
Retirement 2060 69.36%
Retirement Balanced 30.77%
Retirement Income 2020 72.08%
Retirement I 2005 – I Class 27.06%
Retirement I 2010 – I Class 30.28%
Retirement I 2015 – I Class 37.44%
Retirement I 2020 – I Class 44.15%
Retirement I 2025 – I Class 49.97%
Retirement I 2030 – I Class 56.70%
Retirement I 2035 – I Class 61.32%
Retirement I 2040 – I Class 65.82%
Retirement I 2045 – I Class 67.46%
Retirement I 2050 – I Class 67.81%
Retirement I 2055 – I Class 67.37%
Retirement I 2060 – I Class 67.74%
Retirement Balanced I – I Class 30.38%
Spectrum Growth 76.81%
Spectrum Income 7.71%
Spectrum International 72.91%
Target 2005 26.93%
Target 2010 27.10%
Target 2015 30.45%
Target 2020 37.01%
Target 2025 40.79%
Target 2030 47.24%
Target 2035 50.25%
Target 2040 55.46%
Target 2045 62.57%
Target 2050 68.04%
Target 2055 69.21%
Target 2060 73.54%

1 This percentage applies to the sum of your income dividend plus short-term capital gain distribution paid for the calendar year or other period, if indicated, as reported in Box 1a of your IRS Form 1099-DIV.

2 Formerly Global Unconstrained Bond

3 Formerly Henderson High Yield Opportunities

Percentages are the same for all fund classes (Investor, Advisor, R, and I classes and Portfolio and Portfolio—II classes). For more information, please visit our website for financial intermediaries at www.troweprice.com/fi/distributions.

N/A indicates that a fund did not pay a dividend or short-term capital gain, or pass through foreign tax paid.

A dash indicates that the fund paid a dividend or short-term capital gain, but it was not entitled to a deduction for dividends received.