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Investment involves risk. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

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Performance returns for share classes less than 1 year old (and associated benchmarks) are cumulative rather than annualised.  

Source for performance: T. Rowe Price. Performance returns are calculated on a NAV-NAV basis, net of fees, with dividends reinvested.

For any equity benchmarks shown, returns shown with reinvestment of dividends after the deduction of withholding taxes, unless otherwise stated. The Excess Returns are shown as Fund % minus the Benchmark %.