2020 Mutual Fund Year-End Dividend and Capital Gains Distributions

Year-end dividend and capital gains information for 2020 is provided below. See personal Dividend and Capital Gains information for your account.

The tables below exclude capital gains and quarterly dividends paid earlier in 2020 and income that is paid monthly. If a T. Rowe Price fund is not listed in the tables of funds that have declared, that fund did not declare a year-end dividend. This excludes funds that pay monthly dividends.

Remember, you should not prepare your taxes until you receive all of your official tax forms. Please note, shareholders of the T. Rowe Price Real Estate Fund, T. Rowe Price Global Real Estate Fund, T. Rowe Price Real Assets Fund, and T. Rowe Price Small-Cap Value Fund will receive 1099-DIV and 1099-B forms in mid-February.

2020 Year-End Distributions (PDF)

Domestic Stock Funds

Group A

Declaration/Record Date: December 10, 2020
Ex-Dividend and Reinvestment Date: December 11, 2020
Payment Date: December 14, 2020

Year-End Distributions

T. Rowe Price Domestic Stock Funds	Ticker Symbol	Per Share Amounts
T. Rowe Price Domestic Stock Funds	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Balanced	RPBAX	$0.11	$0.01	$0.83
Dividend Growth	PRDGX	$0.17	—	—
Equity Income	PRFDX	$0.18	$0.03	$0.40
Equity Index 500	PREIX	$0.49	$0.40	—
Extended Equity Market Index	PEXMX	$0.24	—	$0.87
Growth & Income	PRGIX	$0.09	—	$0.42
Real Estate	TRREX	$0.13	—	$6.15
Spectrum Conservative Allocation¹	PRSIX	$0.09	$0.10	$0.42
Spectrum Moderate Allocation²	TRPBX	$0.10	$0.13	$0.85
Spectrum Moderate Growth Allocation³	TRSGX	$0.34	$0.11	$0.61
Tax-Efficient Equity	PREFX	$0.02	$0.07	$0.92
Total Equity Market Index	POMIX	$0.49	$0.023	$0.137

Year-End Distributions

T. Rowe Price Domestic Stock Funds – I Class	Ticker Symbol	Per Share Amounts
T. Rowe Price Domestic Stock Funds – I Class	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Balanced – I Class	RBAIX	$0.12	$0.01	$0.83
Dividend Growth – I Class	PDGIX	$0.19	—	—
Equity Income – I Class	REIPX	$0.19	$0.03	$0.40
Equity Index 500 – I Class	PRUIX	$0.52	$0.40	—
Growth & Income – I Class	TGTIX	$0.09	—	$0.42
Real Estate – I Class	TIRRX	$0.14	—	$6.15
Spectrum Conservative Allocation – I Class¹	PPIPX	$0.10	$0.10	$0.42
Spectrum Moderate Allocation – I Class²	TPPAX	$0.10	$0.13	$0.85
Spectrum Moderate Growth Allocation – I Class³	TGIPX	$0.37	$0.11	$0.61
Tax-Efficient Equity – I Class	TEEFX	$0.02	$0.07	$0.92

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Group B

Declaration/Record Date: December 11, 2020
Ex-Dividend and Reinvestment Date: December 14, 2020
Payment Date: December 15, 2020

Year-End Distributions

T. Rowe Price Domestic Stock Funds	Ticker Symbol	Per Share Amounts
T. Rowe Price Domestic Stock Funds	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Blue Chip Growth	TRBCX	—	$0.0015	$1.96
Capital Appreciation	PRWCX	$0.40	$0.40	$1.92
Diversified Mid-Cap Growth	PRDMX	$0.015	$0.005	$2.19
Growth Stock	PRGFX	—	$0.56	$2.84
Mid-Cap Growth	RPMGX	—	—	$5.12
Mid-Cap Value	TRMCX	$0.30	—	$0.82
New America Growth	PRWAX	$0.02	$4.43	$6.10
QM U.S. Small & Mid-Cap Core Equity	TQSMX	$0.06	—	$0.085
QM U.S. Small-Cap Growth Equity	PRDSX	—	$0.18	$1.21
QM U.S. Value Equity	TQMVX	$0.27	$0.017	$0.018
Small-Cap Stock	OTCFX	—	$0.22	$1.24
Small-Cap Value	PRSVX	$0.19	—	$0.88
U.S. Large-Cap Core	TRULX	$0.12	—	$0.14
Value	TRVLX	$0.28	—	$0.675

Year-End Distributions

T. Rowe Price Domestic Stock Funds – I Class	Ticker Symbol	Per Share Amounts
T. Rowe Price Domestic Stock Funds – I Class	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Blue Chip Growth - I Class	TBCIX	—	$0.0015	$1.96
Capital Appreciation - I Class	TRAIX	$0.44	$0.40	$1.92
Diversified Mid-Cap Growth - I Class	RPTTX	$0.015	$0.05	$2.19
Growth Stock - I Class	PRUFX	—	$0.69	$2.84
Mid-Cap Growth - I Class	RPTIX	$0.02	—	$5.12
Mid-Cap Value - I Class	TRMIX	$0.34	—	$0.82
New America Growth - I Class	PNAIX	$0.10	$4.43	$6.10
QM U.S. Small & Mid-Cap Core Equity - I Class	TQSIX	$0.06	—	$0.085
QM U.S. Small-Cap Growth Equity - I Class	TQAIX	—	$0.23	$1.21
QM U.S. Value Equity - I Class	TQVIX	$0.27	$0.017	$0.018
Small-Cap Stock - I Class	OTIIX	$0.01	$0.28	$1.24
Small-Cap Value - I Class	PRVIX	$0.24	—	$0.88
U.S. Large-Cap Core - I Class	RCLIX	$0.16	—	$0.14
Value - I Class	TRPIX	$0.38	—	$0.675

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Group C

Declaration/Record Date: December 14, 2020
Ex-Dividend and Reinvestment Date: December 15, 2020
Payment Date: December 16, 2020

Year-End Distributions

T. Rowe Price Domestic Stock Funds	Ticker Symbol	Per Share Amounts
T. Rowe Price Domestic Stock Funds	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Communications & Technology	PRMTX	—	—	$9.55
Financial Services	PRISX	$0.40	$0.05	$2.30
Health Sciences	PRHSX	—	$0.93	$6.15
Large-Cap Growth	TRGOX	—	$0.22	—
Large-Cap Value	TRLUX	$0.49	$0.01	$0.21
Multi-Strategy Total Return	TMSRX	$0.09	$0.20	—
Multi-Strategy Total Return*	TMSRX	—	$0.065	—
New Era	PRNEX	$0.78	$0.05	—
New Horizons	PRNHX	—	$3.60	$7.57
Real Assets	PRAFX	$0.17	—	—
Science & Technology	PRSCX	$0.30	$2.86	$4.50
U.S. Equity Research	PRCOX	$0.32	$0.01	$0.05

Year-End Distributions

T. Rowe Price Domestic Stock Funds – I Class	Ticker Symbol	Per Share Amounts
T. Rowe Price Domestic Stock Funds – I Class	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Communications & Technology - I Class	TTMIX	—	—	$9.55
Financial Services - I Class	TFIFX	$0.44	$0.05	$2.30
Health Sciences - I Class	THISX	—	$1.02	$6.15
Large-Cap Growth - I Class	TRLGX	—	$0.26	—
Large-Cap Value - I Class	TILCX	$0.50	$0.01	$0.21
Multi-Strategy Total Return - I Class	TMSSX	$0.09	$0.20	—
Multi-Strategy Total Return - I Class*	TMSSX	—	$0.065	—
New Era - I Class	TRNEX	$0.83	$0.05	—
New Horizons - I Class	PRJIX	—	$3.68	$7.57
Real Assets - I Class	PRIKX	$0.23	—	—
Science & Technology - I Class	TSNIX	$0.35	$2.86	$4.50
U.S. Equity Research - I Class	PCCOX	$0.35	$0.01	$0.05

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Domestic Taxable Bond and Money Market Funds

Record and Declaration Date: December 7, 2020
Ex-Dividend and Reinvestment Date: December 8, 2020
Payment Date: December 9, 2020

Year-End Distributions

T. Rowe Price Domestic Taxable Bond and Money Market Funds	Ticker Symbol	Per Share Amounts
	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Corporate Income	PRPIX	Paid monthly	$0.054	$0.046
Inflation Protected Bond	PRIPX	Paid monthly	$0.23	—
Limited Duration Inflation Focused Bond	TRBFX	Paid monthly	$0.05	—
New Income	PRCIX	Paid monthly	$0.02	$0.07
QM U.S. Bond Index⁴	PBDIX	Paid monthly	$0.04	$0.11
Total Return	PTTFX	Paid monthly	$0.025	$0.015
U.S. Treasury Intermediate Index⁵	PRTIX	Paid monthly	$0.08	$0.03
U.S. Treasury Long-Term Index⁶	PRULX	Paid monthly	$1.30	$1.00
Ultra Short-Term Bond	TRBUX	Paid monthly	$0.006	—

Year-End Distributions

T. Rowe Price Domestic Taxable Bond and Money Market Funds - I Class	Ticker Symbol	Per Share Amounts
	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Corporate Income - I Class	TICCX	Paid monthly	$0.054	$0.046
Inflation Protected Bond - I Class	TIIPX	Paid monthly	$0.23	—
Limited Duration Inflation Focused Bond - I Class	TRLDX	Paid monthly	$0.05	—
New Income - I Class	PRXEX	Paid monthly	$0.02	$0.07
QM U.S. Bond Index - I Class	TSBLX	Paid monthly	$0.04	$0.11
Total Return - I Class	PTKIX	Paid monthly	$0.025	$0.015
U.S. Treasury Intermediate Index - I Class⁵	PRKIX	Paid monthly	$0.08	$0.03
U.S. Treasury Long-Term Index - I Class⁶	PRUUX	Paid monthly	$1.30	$1.00
Ultra Short-Term Bond - I Class	TRSTX	Paid monthly	$0.006	—

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Domestic Tax-Free Bond and Money Market Funds

Record and Declaration Date: December 7, 2020
Ex-Dividend and Reinvestment Date: December 8, 2020
Payment Date: December 9, 2020

Year-End Distributions

T. Rowe Price Domestic Tax-Free Bond and Money Market Funds	Ticker Symbol	Per Share Amounts
	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
California Tax-Free Bond	PRXCX	Paid monthly	—	$0.01
Intermediate Tax-Free High Yield	PRIHX	Paid monthly	—	$0.002
New Jersey Tax-Free Bond	NJTFX	Paid monthly	$0.0002	$0.025
New York Tax-Free Bond	PRNYX	Paid monthly	$0.0002	$0.02
Summit Municipal Intermediate	PRSMX	Paid monthly	$0.0001	—
Tax-Free High Yield	PRFHX	Paid monthly	$0.005	—

Year-End Distributions

T. Rowe Price Domestic Tax-Free Bond and Money Market Funds – I Class	Ticker Symbol	Per Share Amounts
	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
California Tax-Free Bond - I Class	TCFEX	Paid monthly	—	$0.01
Intermediate Tax-Free High Yield - I Class	TFHAX	Paid monthly	—	$0.002
New Jersey Tax-Free Bond - I Class	TRJIX	Paid monthly	$0.0002	$0.025
New York Tax-Free Bond - I Class	TRYIX	Paid monthly	$0.0002	$0.02
Summit Municipal Intermediate - I Class	PRTMX	Paid monthly	$0.0001	—
Tax-Free High Yield - I Class	PTYIX	Paid monthly	$0.005	—

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International/Global Bond Funds

Record/Declaration Date: December 15, 2020
Ex-Dividend and Reinvestment Date: December 16, 2020
Payment Date: December 17, 2020

Year-End Distributions

T. Rowe Price International/Global Bond Funds	Ticker Symbol	Per Share Amounts
T. Rowe Price International/Global Bond Funds	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Dynamic Credit	RPIDX	Paid monthly	$0.32	—
Dynamic Global Bond	RPIEX	Paid monthly	—	—
Emerging Markets Bond	PREMX	Paid monthly	—	—
Emerging Markets Corporate Bond	TRECX	Paid monthly	—	—
Emerging Markets Local Currency Bond	PRELX	Paid monthly	—	—
Global High Income Bond	RPIHX	Paid monthly	—	—
Global Multi-Sector Bond	PRSNX	Paid monthly	$0.01	$0.05
International Bond	RPIBX	Paid monthly	—	—
International Bond (USD Hedged)	TNIBX	Paid monthly	—	$0.04

Year-End Distributions

T. Rowe Price International/Global Bond Funds - I Class	Ticker Symbol	Per Share Amounts
T. Rowe Price International/Global Bond Funds - I Class	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Dynamic Credit - I Class	RPELX	Paid monthly	$0.32	—
Dynamic Global Bond - I Class	RPEIX	Paid monthly	—	—
Emerging Markets Bond - I Class	PRXIX	Paid monthly	—	—
Emerging Markets Corporate Bond - I Class	TECIX	Paid monthly	—	—
Emerging Markets Local Currency Bond - I Class	TEIMX	Paid monthly	—	—
Global High Income Bond - I Class	RPOIX	Paid monthly	—	—
Global Multi-Sector Bond - I Class	PGMSX	Paid monthly	$0.01	$0.05
International Bond - I Class	RPISX	Paid monthly	—	—
International Bond (USD Hedged) - I Class	TNBMX	Paid monthly	—	$0.04

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International/Global Stock Funds

Record/Declaration Date: December 15, 2020
Ex-Dividend and Reinvestment Date: December 16, 2020
Payment Date: December 17, 2020

Year-End Distributions

T. Rowe Price International/Global Stock Funds	Ticker Symbol	Per Share Amounts
T. Rowe Price International/Global Stock Funds	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Africa & Middle East	TRAMX	$0.04	$0.21	—
Asia Opportunities	TRAOX	$0.02	—	$0.27
China Evolution Equity	TCELX	—	$0.25	—
Emerging Europe	TREMX	$0.43	—	—
Emerging Markets Discovery Stock	PRIJX	$0.05	$0.06	—
Emerging Markets Stock	PRMSX	$0.21	$0.06	—
European Stock	PRESX	$0.21	—	—
Global Allocation	RPGAX	$0.14	$0.02	—
Global Consumer	PGLOX	—	$0.21	$0.02
Global Growth Stock	RPGEX	$0.03	$1.32	—
Global Industrials	RPGIX	$0.03	$0.02	$0.32
Global Real Estate	TRGRX	$0.10	$0.08	$0.08
Global Stock	PRGSX	$0.01	$2.29	$1.43
Global Technology	PRGTX	—	—	$1.38
Global Value Equity	TRGVX	$0.16	—	—
International Disciplined Equity	PRCNX	$0.16	$0.13	—
International Discovery	PRIDX	$0.07	$1.24	$2.59
International Equity Index	PIEQX	$0.26	—	—
International Stock	PRITX	$0.08	$0.01	$0.23
International Value Equity	TRIGX	$0.19	—	—
Japan	PRJPX	$0.08	$0.14	$0.302
Latin America	PRLAX	$0.21	$0.04	—
New Asia	PRASX	$0.10	$0.015	—
Overseas Stock	TROSX	$0.17	—	—
QM Global Equity	TQGEX	$0.14	$0.01	—

Year-End Distributions

T. Rowe Price International/Global Stock Funds - I Class	Ticker Symbol	Per Share Amounts
	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Africa & Middle East - I Class	PRAMX	$0.04	$0.21	—
Asia Opportunities - I Class	TRASX	$0.04	—	$0.27
China Evolution Equity - I Class	TRCLX	—	$0.25	—
Emerging Europe - I Class	TTEEX	$0.44	—	—
Emerging Markets Discovery Stock - I Class	REVIX	$0.05	$0.06	—
Emerging Markets Stock - I Class	PRZIX	$0.34	$0.06	—
European Stock - I Class	TEUIX	$0.24	—	—
Global Allocation - I Class	TGAFX	$0.15	$0.02	—
Global Growth Stock - I Class	RGGIX	$0.07	$1.32	—
Global Industrials - I Class	TRGAX	$0.03	$0.02	$0.32
Global Real Estate - I Class	TIRGX	$0.10	$0.08	$0.08
Global Stock - I Class	TRGLX	$0.06	$2.29	$1.43
Global Technology - I Class	PGTIX	—	—	$1.38
Global Value Equity - I Class	PRIGX	$0.16	—	—
International Disciplined Equity - I Class	RICIX	$0.17	$0.13	—
International Discovery - I Class	TIDDX	$0.16	$1.24	$2.59
International Stock - I Class	PRIUX	$0.14	$0.01	$0.23
International Value Equity - I Class	TRTIX	$0.29	—	—
Japan - I Class	RJAIX	$0.09	$0.14	$0.302
Latin America - I Class	RLAIX	$0.26	$0.04	—
New Asia - I Class	PNSIX	$0.12	$0.015	—
Overseas Stock - I Class	TROIX	$0.20	—	—
QM Global Equity - I Class	TQGIX	$0.14	$0.01	—

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Retirement, Spectrum, and Target Funds

Record and Declaration Date: December 21, 2020
Ex-Dividend and Reinvestment Date: December 22, 2020
Payment Date: December 23, 2020

Year-End Distributions

T. Rowe Price Retirement, Spectrum, and Target Funds	Ticker Symbol	Per Share Amounts
	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Retirement 2005	TRRFX	$0.24	$0.14	$0.82
Retirement 2010	TRRAX	$0.31	$0.19	$1.31
Retirement 2015	TRRGX	$0.25	$0.16	$0.94
Retirement 2020	TRRBX	$0.34	$0.17	$1.72
Retirement 2025	TRRHX	$0.25	$0.16	$0.60
Retirement 2030	TRRCX	$0.31	$0.25	$0.99
Retirement 2035	TRRJX	$0.20	$0.18	$0.64
Retirement 2040	TRRDX	$0.25	$0.23	$1.03
Retirement 2045	TRRKX	$0.16	$0.17	$0.62
Retirement 2050	TRRMX	$0.13	$0.16	$0.48
Retirement 2055	TRRNX	$0.13	$0.13	$0.36
Retirement 2060	TRRLX	$0.11	$0.11	$0.13
Retirement 2065	TRSJX	$0.095	$0.035	—
Retirement Balanced	TRRIX	Paid monthly	$0.15	$1.08
Spectrum Growth	PRSGX	$0.20	$0.12	$2.95
Spectrum Income	RPSIX	Paid monthly	—	$0.09
Spectrum International	PSILX	$0.12	$0.02	—
Target 2005	TRARX	$0.20	$0.18	$0.19
Target 2010	TRROX	$0.20	$0.17	$0.30
Target 2015	TRRTX	$0.20	$0.16	$0.40
Target 2020	TRRUX	$0.19	$0.18	$0.26
Target 2025	TRRVX	$0.17	$0.14	$0.155
Target 2030	TRRWX	$0.17	$0.115	$0.165
Target 2035	RPGRX	$0.16	$0.13	$0.165
Target 2040	TRHRX	$0.16	$0.125	$0.17
Target 2045	RPTFX	$0.14	$0.11	$0.21
Target 2050	TRFOX	$0.13	$0.135	$0.175
Target 2055	TRFFX	$0.12	$0.13	$0.16
Target 2060	TRTFX	$0.10	$0.10	$0.11
Target 2065	PRSLX	$0.105	$0.04	—

Year-End Distributions

T. Rowe Price Retirement, Spectrum, and Target Funds – I Class	Ticker Symbol	Per Share Amounts
	Ticker Symbol	Income Dividends	Short-Term Gains	Long-Term Gains
Retirement I 2005 – I Class	TRPFX	$0.21	$0.08	$0.24
Retirement I 2010 – I Class	TRPAX	$0.23	$0.10	$0.27
Retirement I 2015 – I Class	TRFGX	$0.22	$0.10	$0.28
Retirement I 2020 – I Class	TRBRX	$0.22	$0.10	$0.25
Retirement I 2025 – I Class	TRPHX	$0.20	$0.12	$0.17
Retirement I 2030 – I Class	TRPCX	$0.18	$0.13	$0.21
Retirement I 2035 – I Class	TRPJX	$0.17	$0.13	$0.20
Retirement I 2040 – I Class	TRPDX	$0.16	$0.14	$0.21
Retirement I 2045 – I Class	TRPKX	$0.14	$0.12	$0.20
Retirement I 2050 – I Class	TRPMX	$0.14	$0.12	$0.19
Retirement I 2055 – I Class	TRPNX	$0.14	$0.11	$0.18
Retirement I 2060 – I Class	TRPLX	$0.15	$0.10	$0.12
Retirement I 2065 – I Class	TRFKX	$0.11	$0.04	—
Retirement Balanced I – I Class	TRPTX	Paid monthly	$0.09	$0.23
Target 2005 – I Class	TFRRX	$0.20	$0.18	$0.19
Target 2010 – I Class	TORFX	$0.20	$0.17	$0.30
Target 2015 – I Class	TTRTX	$0.20	$0.16	$0.40
Target 2020 – I Class	TTURX	$0.19	$0.18	$0.26
Target 2025 – I Class	TRVVX	$0.18	$0.14	$0.155
Target 2030 – I Class	TWRRX	$0.18	$0.115	$0.165
Target 2035 – I Class	TPGPX	$0.17	$0.13	$0.165
Target 2040 – I Class	TRXRX	$0.17	$0.125	$0.17
Target 2045 – I Class	TRFWX	$0.16	$0.11	$0.21
Target 2050 – I Class	TOORX	$0.15	$0.135	$0.175
Target 2055 – I Class	TRPPX	$0.14	$0.13	$0.16
Target 2060 – I Class	TTOIX	$0.12	$0.10	$0.11
Target 2065 – I Class	RPFDX	$0.105	$0.04	—

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¹Formerly T. Rowe Price Personal Strategy Income.

²Formerly T. Rowe Price Personal Strategy Balanced.

³Formerly T. Rowe Price Personal Strategy Growth.

⁴Formerly T. Rowe Price U.S. Bond Enhanced Index.

⁵Formerly T. Rowe Price U.S. Treasury Intermediate.

⁶Formerly T. Rowe Price U.S. Treasury Long-Term.

*The record/declaration date of this distribution is December 29, 2020 and the ex-dividend/reinvestment/payment date is December 30, 2020.

Declaration, ex-dividend, and payment dates 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.