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Please read this important information. For purposes of this document, "T. Rowe Price" includes T. Rowe Price Associates, Inc., T. Rowe Price International Ltd, T. Rowe Price Hong Kong Limited, T. Rowe Price Singapore Private Ltd. and T. Rowe Price (Canada), Inc.

This Site is not directed to any person in any jurisdiction where (by reason of that person's nationality, residence or otherwise) the publication or availability of the Site is prohibited. Persons in respect of whom such prohibitions apply must not access the Site.

Further, please note that any reference to the inclusion of T. Rowe Price in the S&P 500 Equity Index should not be viewed as an endorsement by Standard & Poor's.

Products and Services
Nothing contained in the Site is intended as, or constitutes, an offer to buy or sell or any solicitation of any offer to buy or sell any securities, investments or other property. Any decision to invest should not be made solely on the basis of the information contained in this Site.

Please remember that the value of your investments and any income derived therefrom may go down as well as up, and you may lose principal value. Further, prior performance is not necessarily a guide to future results. Many factors, including currency fluctuations, may affect the value of your investments. In addition, levels and bases of taxation are subject to change and will depend on your personal circumstances. Moreover, specific risks may arise in relation to specific investment and you should review the risk factors very carefully.

Prospective investors should consult their own professional advisers on the tax implications of making an investment in, holding or disposing of securities, investments or other property, or distributions of income in these respective holdings.

Market and Performance Information
Any market, price or performance data provided on this Site is for informational purposes only. T. Rowe Price believes that the information which may be viewed on this Site is accurate as of the date of publication, and where a particular page is dated, the information on such page is believed to be accurate as of that date. However, although the information sources are deemed to be reliable, T. Rowe Price does not guarantee or make any warranty regarding the accuracy, suitability or completeness of such information, or any information available through any site to which you may link through this Site.

Limitation of Liability
T. Rowe Price shall not be liable for any loss (direct or consequential) arising from the use of, or reliance on, any part of this Site, except for any liability it may have under applicable securities laws. Further, you should be aware that the Internet is not a completely reliable transmission medium. T. Rowe Price shall not accept liability for any losses, costs, or expenses arising from your inability to access the Site for any reason or any delay in, or failure of, the transmission or the receipt of any instructions, orders or notifications sent through the Site.

 

ALL INFORMATION AND CONTENT ON THE SITE IS SUBJECT TO APPLICABLE STATUTES AND REGULATIONS, FURNISHED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT

Copyright
The contents of this Site are protected by applicable copyright laws. No permission is granted to copy, distribute, modify, post or frame any text, graphics, video, audio, software codes, or user interface design or logos.

Trademarks
T. ROWE PRICE, INVEST WITH CONFIDENCE and the Bighorn Sheep design are, collectively and/or apart, trademarks or registered trademarks of T. Rowe Price Group, Inc. in the United States, European Union, and other countries. All other trademarks shown are the property of T. Rowe Price or their respective owners.

Copyright 2006 - 2016, T. Rowe Price. All rights reserved. "T. Rowe Price" refers to T. Rowe Price Group, Inc. and its affiliates, including T. Rowe Price Associates, Inc., T. Rowe Price International Ltd, T. Rowe Price Hong Kong Limited, T. Rowe Price Singapore Private Ltd. and T. Rowe Price (Canada), Inc. E-mail T. Rowe Price at institutional@troweprice.com with your questions and comments about our funds and services.

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GIPS® Information

T. Rowe Price ("TRP") claims compliance with the Global Investment Performance Standards (GIPS®). TRP has been independently verified for the twenty one- year period ended June 30, 2017 by KPMG LLP. The verification report is available upon request. Verification assesses whether (1) the firm has complied with all the composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm's policies and procedures are designed to calculate and present performance in compliance with the GIPS standards. Verification does not ensure the accuracy of any specific composite presentation.

TRP is a U.S. investment management firm with various investment advisers registered with the U.S. Securities and Exchange Commission, the U.K. Financial Conduct Authority, and other regulatory bodies in various countries and holds itself out as such to potential clients for GIPS purposes. TRP further defines itself under GIPS as a discretionary investment manager providing services primarily to institutional clients with regard to various mandates, which include U.S, international, and global strategies but excluding the services of the Private Asset Management group.

A complete list and description of all of the Firm's composites and/or a presentation that adheres to the GIPS® standards are available upon request. Additional information regarding the firm's policies and procedures for calculating and reporting performance results is available upon request

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