# EDGAR Filing Document

**Accession Number:** 0001038469
**File Stem:** 0001193125-23-046094
**Filing Date:** 2023-2
**Character Count:** 240974
**Document Hash:** 40338c822c32e5b925b2ae7d6b1cf98e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-046094.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001193125-23-046094

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**EFFECTIVENESS DATE**: 20230223

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price Quantitative Management Funds, Inc.
- **CENTRAL INDEX KEY:** 0001038469
- **IRS NUMBER:** 522044216
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08203
- **FILM NUMBER:** 23658280

**BUSINESS ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** T. Rowe Price Diversified Small-Cap Growth Fund, Inc.
- **DATE OF NAME CHANGE:** 20051018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRICE T ROWE DIVERSIFIED SMALL CAP GROWTH FUND INC
- **DATE OF NAME CHANGE:** 19970430

## Series and Classes Contracts Data

### T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (Series ID: S000052904)

| Class ID   | Class Name                                                           | Ticker Symbol   |
|:---|:---|:---|
| C000166439 | T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund               | TQSMX           |
| C000166440 | T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund-Advisor Class | TQSAX           |
| C000166441 | T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund-I Class       | TQSIX           |

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

# **FORM N-CSR**

# **CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES**

Investment Company Act File Number: 811-08203

T. Rowe Price Quantitative Management Funds, Inc.
(Exact name of registrant as specified in charter)

100 East Pratt Street, Baltimore, MD 21202
(Address of principal executive offices)

David Oestreicher
100 East Pratt Street, Baltimore, MD 21202
(Name and address of agent for service)

Registrant's telephone number, including area code: (410) 345-2000

Date of fiscal year end: December 31

Date of reporting period: December 31, 2022

# ---**Item 1. Reports to Shareholders**

# **(a) Report pursuant to Rule 30e-1**

T.RowePrice®

# **ANNUAL REPORT**

December 31, 2022

| TQSMX | T. ROWE PRICE QM U.S. Small & Mid-Cap Core Equity Fund |
| --- | --- |
| TQSAX | QM U.S. Small & Mid-Cap |

INVEST WITH CONFIDENCE®

Small- and mid-cap stocks rose in the second half of 2022, paring their significant first-half losses. Your fund, which is a blend of small- and mid-cap growth and value stocks, outperformed its Russell benchmark and Lipper peer group index by considerable margins.

Stock selection in most sectors, but especially industrial and business services, consumer discretization, and information technology, drove the fund's

Core Equity Fund

Advisor Class

TQSIX

QM U.S. Small & Mid-Cap
Core Equity Fund-I Class

# Go Paperless

Sign up for e-delivery of your statements, confirmations, and prospectuses or shareholder reports.

TO ENROLL:

If you invest directly with T. Rowe Price, go to troweprice.com/paperless.

If you invest through an investment advisor, a bank, or a brokerage firm, please contact that organization and ask if it can provide electronic documentation.

It's fast-receive your statements and confirmations faster than U.S. mail.

It's convenient-access your important account documents whenever you need them.

It's secure-we protect your online accounts using "True Identity" to confirm new accounts and make verification faster and more secure.

It can save you money-where applicable, T. Rowe Price passes on the cost savings to fund holders.*

* Certain mutual fund accounts that are assessed an annual account service fee can also save money by switching to e-delivery.

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

Market Commentary

# HIGHLIGHTS

outperformance versus the Russell 2500 Index.

Various portfolio characteristics reflect our preference for companies that are higher in quality and have valuations that are more reasonable than those in the Russell benchmark.

We should expect low equity market returns in the foreseeable future, with stocks of lower-quality companies likely to remain under pressure while high-quality companies are more than 100%.

Log in to your account at troweprice.com for more information.

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

## Dear Shareholder

companies are a solid, more than one, and the company's major growth stocks by a market with its ownership. The high-value world stock, according to its core considerable margin as equity investors, turned risk averse and as rising rates year on record. (Bond prices and yields move in opposite directions.) put downward pressure on growth stock valuations. Emerging markets stocks generally prefer from an end to the expected backlog. However, more U.S. dollars are expected to be a good deal with the market. Although more factors, prices have shifted toward contraction levels, the U.S. is not a good deal with the market. The market is not a good deal with the market. The market is not a good deal with the market. The market is not a good deal with the market.

1

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

Management's Discussion of Fund Performance

sharp increase in yields led to historically weak results across the fixed income
with the SAP 500 Index, energy was a rare bright spot, gaining more than
60% as oil prices jumped in response to Russia's invasion of Ukraine and
THE PAST WAR HAS EVER A LOWER PINK OF INVESTORS as few sectors remained
concerns over commodity supply shortages. Defensive shares, such as utilities,
untouched by the broad headwinds that markets faced, and volatility may
consumer staples, and health care, held up relatively well and finished the
continue in the near term as central banks tighten policy amid slowing
over with roughly flat returns. Conversely, communication services, consumer
FUND COMMENTARY. However, in our view, there continue to be opportunities for
discretionary, and information technology shares suffered the largest declines.
selective investors focused on fundamentals. Valuation in most global equity
flow did the fund performance increase from T. Rowe Price
released how to maintain a significant success to the investment and to
investment professionals, go to

|  | Total Return |  |
| --- | --- | --- |
| Periods Ended 12/31/22 | 6 Months | 12 Months |
| QM U.S. Small & Mid-Cap Core Equity Fund | 6.64% | -13.10% |
| QM U.S. Small & Mid- Cap Core Equity Fund-- |  |  |

2 / 2 /

2

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

# **INVESTMENT OBJECTIVE**

| Advisor Class | 6.41 | -13.40 |
| --- | --- | --- |
| QM U.S. Small & Mid-Cap Core Equity Fund- I Class | 6.68 | -12.99 |
| Russell 2500 Index | 4.40 | -18.37 |
| Lipper Small-Cap Growth Funds Index | 2.63 | -26.54 |

3

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

and critical infrastructure markets; Comfort Systems USA, a provider of
officials on how high rates would have to go. The Endowment of the market
and the endowment of the market is a key factor in the endowment of the market.
Thank you for your continued confidence in T. Rowe Price.
2022. You are not a member of the company and the company's major business
by comparing some of the portfolio's characteristics with those of our
bonds in 2022. You are not a member of the company's major business
bonds in 2022. You are not a member of the company's major business
bonds in 2022. You are not a member of the company's major business
bonds in 2022. You are not a member of the company's major business
bonds in 2022. You are not a member of the company's major business
bonds in 2022. You are not a member of the company's major business
bonds in

|  | QM U.S. Small & Mid- Cap Core Equity Fund | Russell 2500 Index |
| --- | --- | --- |
| As of 12/31/22 |  |  |
| Industrials and Business |  |  |
| Services | 19.9% | 17.9% |
| Information Technology | 15.9 | 13.7 |

4

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

# **How is the fund positioned?**

The fund is a fund that is designed to support the development of a financial system. The fund is designed to support the development of a financial system. The fund is designed to support the development of a financial system.

| Financials | 14.4 | 16.1 |
| --- | --- | --- |
| Health Care | 14.4 | 12.9 |
| Consumer Discretionary | 10.6 | 11.3 |
| Materials | 6.1 | 5.8 |
| Real Estate | 5.9 | 8.0 |
| Energy | 5.0 | 5.3 |

5

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

Since the end of June, we added a number of holdings to the fund that screened growth rate of our holdings (10.0%) practically matched that of the index. We do not have a significant impact on our business and our U.S. and the Fed's current rate-ignoring cycle. We do not have a significant impact on our business and our U.S. and the Fed's current rate-ignoring cycle. We do not have a significant impact on our business and our U.S. and the Fed's current rate-ignoring cycle. We do not have a significant impact on our business and our U.S. and the Fed's current rate-ignoring cycle. We do not have a significant impact on our business and our U.S. and the Fed's current rate-ignoring cycle.

| Consumer Staples | 2.7 | 3.4 |
| --- | --- | --- |
| Communication Services | 2.4 | 2.5 |
| Utilities | 1.9 | 3.1 |
| Other and Reserves | 0.8 | 0.0 |
| Total | 100.0% | 100.0% |

6

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

discernible slowdown in interest rate-sensitive cyclical sectors, such as housing.

The following table shows the distribution of the total assets and the total assets of the company. The total assets and the total assets of the company are based on the total assets and the total assets of the company.

7

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

# RISKS OF INVESTING IN THE FUND

The Fund is a fund that provides a comprehensive and practical and objective information technology. It is the most important and important information technology and the most important information technology. It is the most important and important information technology and the most important information technology and the most important information technology and the most important information technology and the most important information technology and the most important information technology and the most important information technology and the most important information technology and the most important information technology and the most important information technology and the most important information technology and the most important information technology and the most important information technology and the most important information technology and the most important information technology

8

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

**BENCHMARK INFORMATION (CONTINUED)**

Total gross mid-March - Daily market - base stock - adjusted - flat

**TWENTY-FIVE LARGEST HOLDINGS**

Percent of
Net Assets
12/31/22

9

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

Fair Isaac
Texas
Quantitative models entails the risk that the models themselves may be limited
Terron Atlanta Federal Reserve's nowcasting model, is currently estimated to be 0.9
or incorrect, that the data on which the models rely may be incorrect or
Belden
Reliance
Belmont
All models must be successful in selecting components
and that the adviser may not be successful in selecting components
and that the adviser may not be successful in selecting components
Belmont
All models must be successful in selecting components
and that the adviser may not be successful in selecting components
and that the adviser may not be successful in selecting components
and that the adviser may not be successful in selecting components
and that the adviser may not be successful in selecting components
and that the adviser may not be successful in selecting components
and that the adviser may not be successful in selecting components
and that the adviser may not be successful in selecting components
and that the adviser may not be successful

![img-0.jpeg](img-0.jpeg)

As of 12/31/22

| - QM U.S. Small & Mid-Cap Core Equity Fund | $19,949 |
| --- | --- |
| - - - Russell 2500 Index | 19,661 |
| - - - Lipper Small-Cap Growth Funds Index* | 21,174 |

10

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

GROWTH OF $10,000

| Dockers Outdoor |  |  |  | 0.7 |
| --- | --- | --- | --- | --- |
| BE |  |  |  |  |
| P |  |  |  | Since |
| B |  |  |  | Inception |
| Periods Ended 12/31/22 |  | 1 Year | 5 Years | 2/26/16 |
| The views change to a forecast |  | -13.10% | 6.53% | 10.62% |
| QM U.S. Small & Mid-Cap Core Equity Fund |  |  |  |  |
| QM U.S. Small & Mid-Cap Core Equity Fund-Advisor Class |  | -13.40 | 6.22 | 10.29 |
| $3 |  |  |  |  |

11

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

# AVERAGE ANNUAL COMPOUND TOTAL RETURN

Liberty, Emmet, and LSE Group company which owns the index or the data. Neither QM U.S. Small & Mid-Cap Core Equity Fund-I Class 12.99 6.72 10.80

| S |  |  |
| --- | --- | --- |
| P |  |  |
| E | QM U.S. Small & Mid-Cap Core Equity Fund | 0.98% |
| S | QM U.S. Small & Mid-Cap Core Equity Fund-Advisor Class | 1.49 |
| B | QM U.S. Small & Mid-Cap Core Equity Fund-I Class | 0.80 |
| C |  |  |

The expense ratio shown is as of the fund's most recent prospectus. This number may vary

12

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

# **EXPENSE RATIO**

Gaming & Leisure Properties 0.6
This fund is not intended to be used for any person who is not a member of the Company's
Equitable Holdings. The fund is not intended to be used for any person who is not a member of the Company's
Equitable Holdings. The fund is not intended to be used for any person who is not a member of the Company's
Equitable Holdings. The fund is not intended to be used for any person who is not a member of the Company's
Equitable Holdings. The fund is not intended to be used for any person who is not a member of the Company's
Equitable Holdings. The fund is not intended to be used for any person who is not a member of the Company's
Equitable Holdings. The fund

**FUND EXPENSE EXAMPLE**
This fund is not intended to be used for any person who is not a member of the Company's
Equitable Holdings. The fund is not intended to be used for any person who is not a member of the Company's
Equitable Holdings. The fund is not intended to be used for any person who is not a member of the Company's
Equitable Holdings. The fund is not intended to be used for any person who is not a member of the Company's
Equitable Holdings. The fund

13

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

# **FUND EXPENSE EXAMPLE (CONTINUED)**

When you are exempted the deposit (or) on the basis of the amount of the collection of paper data as of 2/28/16.

The following example is intended to help you understand your ongoing costs (in dollars) of investing in the fund and to compare these

costs with the ongoing costs of investing in other mutual funds. The example is based on an

investment of $1,000 invested at the beginning of the most recent six-month period and held for

# **Investor Class**

the table of useful in comparing ongoing costs only and will

at the total costs of owning different funds. To the extent a fund

may be a deposit of a original fund (the Investor Class)

charges no distribution and service (12b-1) for the Advisor Class shares are offered 12/31/18

# **NET ASSET VALUE**

| Beginning of period | $21.39 | $17.81 | $16.08 | $12.50 | $14.31 |
| --- | --- | --- | --- | --- | --- |

# **Investment activities**

| Net investment income (1)(2) | 0.11 | 0.02 | 0.13 | 0.07 | 0.09 |
| --- | --- | --- | --- | --- | --- |

14

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

**FINANCIAL SUMMARY** Workers and other financial intermediaries and charge a 0.25% 12b-1 fee, and 1 Class shares are available to institutionally operated clients and impose a 12b-1 fee.

| Actual Expenses | Beginning |  | Ending |  | Expenses Paid |  |
| --- | --- | --- | --- | --- | --- | --- |
|  | Account Value | Value | Account Value | Value | During Period* | Period* |
| Advisor Class | Table (Actual) provides information about actual account values and actual returns. You may use the information for this line, together with the expenses that you paid over the period. Simply estimate the expenses that you paid over the period. Simply $2,000.00 (for example, an $8,000 account value divided by $1,000) |  |  |  |  |  |
| Actual | $(0.06) | $(0.06) | $(0.06) | $(0.07) | $(0.06) | $(0.06) |
| Distributions |  |  |  |  |  |  |
| NET ASSET VALUE |  |  |  |  |  |  |
| Net investment income | $(0.06) | $(0.06) | $(0.06) | $(0.07) | $(0.06) | $(0.06) |
| Beginning of period | (0.98) | (0.24) | (0.09) | (0.12) | (0.21) | (0.21) |
| Net realized gain | (1.07) | (0.30) | (0.15) | (0.19) | (0.27) | (0.27) |
| Total distributions |  |  |  |  |  |  |
| Investment activities |  |  |  |  |  |  |
| Net investment income (loss) (1)(2) | 0.06 | (0.03) | 0.07 | 0.03 | 0.05 | 0.05 |

15

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

# **ADVANCE - HYPOTHETICAL**

During the period of the year 2008 by the number on the first line under the heading "Expenses Paid During the period of the year 2008 by the number on the first line under the heading "Expenses Paid During the period of the year 2008 by the number on the first line under the heading "Expenses Paid During the period of the year 2008 by the number on the first line under the heading "Expenses Paid During the period of the year 2008 by the number on the first line under the heading "Expenses Paid During the period of the year 2008 by the number on

| Advisor Class |  | Hypothetical Example for Comparison Purposes |  |
| --- | --- | --- | --- |
| N Class | 1,064.10 | 1,064.10 | 5.93 |
| E | line of the table (Hypothetical) is based on hypothetical account | roughly funds, which expense paid and an assumed 5% of the year (reduced) and actual return 0.00% may compare the ongoing costs of investing in the fund with other funds by subtracting the 5% hypothetical expense |  |

| Disadvantages | 1,064.10 | 1,064.10 | 5.93 |  |
| --- | --- | --- | --- | --- |
| Net Asset Value | $(0.05) | $(0.01) | $(0.03) |  |
| Net investment income | (0.58) | (0.26) | (0.12) |  |
| Beginning of period | (13.10)% | (21.86)% | (0.09) | (0.21) |
| Net realized gain | (1.09) | (0.24) | 11.69% | (19.89)% |
| Total return | 0.15 | 0.07 | 0.18 | 0.10 |
| Net distributions |  |  |  | 0.13 |
| Investment activities |  |  |  |  |

| Net Asset Value | 1,064.10 | 1,064.10 | 5.93 |
| --- | --- | --- | --- |
| Net investment income | $(0.05) | $(0.01) | $(0.03) |
| Beginning of period | (0.58) | (0.26) | (0.12) |
| Net realized gain | (13.10)% | (21.86)% | (0.09) |
| Total return | 0.15 | 0.07 | 0.18 |
| Net distributions |  |  |  |
| Investment activities |  |  |  |

| Net Asset Value | 1,064.10 | 1,064.10 | 5.93 |
| --- | --- | --- | --- |
| Net investment income | $(0.05) | $(0.01) | $(0.03) |
| Beginning of period | (0.58) | (0.26) | (0.12) |
| Net realized gain | (13.10)% | (21.86)% | (0.09) |
| Total return | 0.15 | 0.07 | 0.18 |

| Disadvantages | 1,064.10 | 1,064.10 | 5.93 |
| --- | --- | --- | --- |
| Net investment income | $(0.05) | $(0.01) | $(0.03) |
| Beginning of period | (0.58) | (0.26) | (0.12) |
| Net realized gain | (13.10)% | (21.86)% | (0.09) |
| Total return | 0.15 | 0.07 | 0.18 |

![img-0.jpeg](img-0.jpeg)

16

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

December 31, 2022

**FINANCIAL INSTITUTIONS** Total examples that appear in the shareholder reports of the other funds. The hypothetical account values and expenses may not be used to estimate the actual ending of the total. (Cost and value in $000s) 3.52

| COMMON STOCKS |  | NET ASSETS |  | NET ASSETS |  |
| --- | --- | --- | --- | --- | --- |
| Net assets of the investment in the fund's annualized expense ratio for the 6-month period. |  |  |  |  |  |
| End of period: 1.2% |  |  |  |  |  |
| 2.3% |  |  |  |  |  |
| 3.2% |  |  |  |  |  |
| 4.1% |  |  |  |  |  |
| 5.0% |  |  |  |  |  |
| 6.0% |  |  |  |  |  |
| 7.0% |  |  |  |  |  |
| 8.0% |  |  |  |  |  |
| 9.0% |  |  |  |  |  |
| 10.0% |  |  |  |  |  |
| 11.0% |  |  |  |  |  |
| 12.0% |  |  |  |  |  |
| 13.0% |  |  |  |  |  |
| 14.0% |  |  |  |  |  |
| 15.0% |  |  |  |  |  |
| 16.0% |  |  |  |  |  |
| 17.0% |  |  |  |  |  |
| 18.0% |  |  |  |  |  |
| 19.0% |  |  |  |  |  |
| 20.0% |  |  |  |  |  |
| 21.0% |  |  |  |  |  |
| 22.0% |  |  |  |  |  |
| 23.0% |  |  |  |  |  |
| 24.0% |  |  |  |  |  |
| 25.0% |  |  |  |  |  |
| 26.0% |  |  |  |  |  |
| 27.0% |  |  |  |  |  |
| 28.0% |  |  |  |  |  |
| 29.0% |  |  |  |  |  |
| 30.0% |  |  |  |  |  |
| 31.0% |  |  |  |  |  |
| 32.0% |  |  |  |  |  |
| 33.0% |  |  |  |  |  |
| 34.0% |  |  |  |  |  |
| 35.0% |  |  |  |  |  |
| 36.0% |  |  |  |  |  |
| 37.0% |  |  |  |  |  |
| 38.0% |  |  |  |  |  |
| 39.0% |  |  |  |  |  |
| 40.0% |  |  |  |  |  |
| 41.0% |  |  |  |  |  |
| 42.0% |  |  |  |  |  |
| 43.0% |  |  |  |  |  |
| 44.0% |  |  |  |  |  |
| 45.0% |  |  |  |  |  |
| 46.0% |  |  |  |  |  |
| 47.0% |  |  |  |  |  |
| 48.0% |  |  |  |  |  |
| 49.0% |  |  |  |  |  |
| 50.0% |  |  |  |  |  |
| 51.0% |  |  |  |  |  |
| 52.0% |  |  |  |  |  |
| 53.0% |  |  |  |  |  |
| 54.0% |  |  |  |  |  |
| 55.0% |  |  |  |  |  |
| 56.0% |  |  |  |  |  |
| 57.0% |  |  |  |  |  |
| 58.0% |  |  |  |  |  |
| 59.0% |  |  |  |  |  |
| 60.0% |  |  |  |  |  |
| 61.0% |  |  |  |  |  |
| 62.0% |  |  |  |  |  |
| 63.0% |  |  |  |  |  |
| 64.0% |  |  |  |  |  |
| 65.0% |  |  |  |  |  |
| 66.0% |  |  |  |  |  |
| 67.0% |  |  |  |  |  |
| 68.0% |  |  |  |  |  |
| 69.0% |  |  |  |  |  |
| 70.0% |  |  |  |  |  |
| 71.0% |  |  |  |  |  |
| 72.0% |  |  |  |  |  |
| 73.0% |  |  |  |  |  |
| 74.0% |  |  |  |  |  |
| 75.0% |  |  |  |  |  |
| 76.0% |  |  |  |  |  |
| 77.0% |  |  |  |  |  |
| 78.0% |  |  |  |  |  |
| 79.0% |  |  |  |  |  |
| 80.0% |  |  |  |  |  |
| 81.0% |  |  |  |  |  |
| 82.0% |  |  |  |  |  |
| 83.0% |  |  |  |  |  |
| 84.0% |  |  |  |  |  |
| 85.0% |  |  |  |  |  |
| 86.0% |  |  |  |  |  |
| 87.0% |  |  |  |  |  |
| 88.0% |  |  |  |  |  |
| 89.0% |  |  |  |  |  |
| 90.0% |  |  |  |  |  |
| 91.0% |  |  |  |  |  |
| 92.0% |  |  |  |  |  |
| 93.0% |  |  |  |  |  |
| 94.0% |  |  |  |  |  |
| 95.0% |  |  |  |  |  |
| 96.0% |  |  |  |  |  |
| 97.0% |  |  |  |  |  |
| 98.0% |  |  |  |  |  |
| 99.0% |  |  |  |  |  |
| 100.0% |  |  |  |  |  |

17

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

SURFEGUED: 0.0% (RVA) TMA = 1.06%, and the I Class was 0.69%.

|  |  |  |  | Shares | $ Value |
| --- | --- | --- | --- | --- | --- |
| Interactive Media & Services 0.2% (Cost and value in $000s) |  |  |  |  |  |
| DHI Group (1) |  |  |  | 49,155 | 360 |
| Net assets |  | $125,701 | $177,412 | $107,343 | $67,847 |
| Costs expenses before waivers/ |  |  |  |  |  |
| Household Durables 1.3% |  | $17.60 | $21.47 | $17.87 | $16.10 |
| M&H 2.0% after waivers/ |  | 1.35% | 1.48% | 1.58% | 1.72% |
| Deposits amounts calculated using average shares outstanding method: |  |  |  |  |  |
| Balance Balance Associates |  | 1.14% | 1.14% | 1.14% | 1.14% |
| Balance Balance Balance |  | 0.31% | 0.14% | 0.45% | 0.31% |
| Balance Balance Balance |  | 0.31% | 0.14% | 0.45% | 0.31% |
| Balance Balance Balance |  | 0.31% | 0.14% | 0.45% | 0.31% |
| Balance Balance Balance |  | 0.31% | 0.14% | 0.45% | 0.31% |
| Balance Balance Balance |  | 0.31% | 0.14% | 0.45% | 0.31% |

18

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

| Navy, Class A | 69,900 | 1,540 |
| --- | --- | --- |
| NVR (1) | 1,000 | 1,000 |
| Inertial Media Group, Class A | 1,000 | 1,000 |
| Total (1) | 48,156 | 1,737 |
| (1) (1) and value in $000s) | 50,527 | 1,504 |
| Total (1) | 2,810 | 1,808 |
| Grand Products, 0.8% | $355 | $496 |
| Total (1) | $689 | $965 |
| Leasing, 0.8% | 32,984 | 7,200 |
| Operating Profitability, 0.7% | 0.80% | 0.89% |
| Operating Profitability, 0.7% | 0.80% | 0.89% |
| Operating Profitability, 0.7% | 0.80% | 0.89% |
| Operating Profitability, 0.7% | 0.80% | 0.89% |
| Operating Profitability, 0.7% | 0.80% | 0.89% |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |
| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |
| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |
| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |
| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |
| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

| Operating Profitability, 0.7% | 0.80% | 0.89% | 0.89% |
| --- | --- | --- | --- |

19

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

| Total Government Charges | 21,460 | 8,203 |
| --- | --- | --- |
| ENERGY 5.1% | 2 Shares | 5 Value |
| Energy | 20,549 | 2,000 |
| Energy Equipment & Services 1.8% |  | 2,000 |
| Disability, Repair, & Storage | 125,000 | 2,000 |
| Subtotal, Repair, & Storage Corp | $185,340 | $74,737 |
| Balance, Supplies (2) | $39,674 | $4,000 |
| Accumulated Supply & Outdoors | 18,428 | 1,000 |
| Occasional, International (1) | 73,777 | 1,000 |
| Asbury Automotive Group (1) | 6,647 | 1,000 |
| Total (1) Notes are an integral part of these financial statements. | 146,369 | 1,704 |
| Disability, Repair, & Storage shares outstanding method. | 12,408 | 1,331 |
| 2. See Note 6 for details of expense-related arrangements with Price Associates |  | 5,474 |
| Deferies Financial Group | 30,814 | 1,057 |
| 3. Total return reflects the rate that an investor would have earned on an investment in the fund during each period, assuming reinvestment of all distributions, and payment of no redemption or account fees, if applicable. |  |  |

20

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

| Bath & Body Wages | 24,688 | 1,040 |
| --- | --- | --- |
| Health, Health & Family Solutions (1) | 24,688 | 1,040 |
| Health, Health & Family Solutions 3.3% | 24,688 | 1,040 |
| Medical-Sales International | 17,000 | 1,000 |
| Wages in the United States | 32,000 | 1,000 |
| Wages in the United States | 32,000 | 1,000 |
| Wages in the United States | 32,000 | 1,000 |
| Wages in the United States | 32,000 | 1,000 |
| Wages in the United States | 32,000 | 1,000 |
| Wages in the United States | 32,000 | 1,000 |

| Commodity Finance 0.7% | 18,000 | 1,000 |
| --- | --- | --- |
| Commodity Finance 0.7% | 18,000 | 1,000 |
| Commodity Finance 0.7% | 18,000 | 1,000 |
| Commodity Finance 0.7% | 18,000 | 1,000 |
| Commodity Finance 0.7% | 18,000 | 1,000 |

| Commodity Finance 0.7% | 18,000 | 1,000 |
| --- | --- | --- |
| Commodity Finance 0.7% | 18,000 | 1,000 |

| Commodity Finance 0.7% | 18,000 | 1,000 |
| --- | --- | --- |
| Commodity Finance 0.7% | 18,000 | 1,000 |

| Commodity Finance 0.7% | 18,000 | 1,000 |
| --- | --- | --- |
| Commodity Finance 0.7% | 18,000 | 1,000 |

| Commodity Finance 0.7% | 18,000 | 1,000 |
| --- | --- | --- |

| Commodity Finance 0.7% | 18,000 | 1,000 |
| --- | --- | --- |

| Commodity Finance 0.7% | 18,000 | 1,000 |
| --- | --- | --- |

| Commodity Finance 0.7% | 18,000 | 1,000 |
| --- | --- | --- |

| Commodity Finance 0.7% | 18,000 | 1,000 |
| --- | --- | --- |

| Commodity Finance 0.7% | 18,000 | 1,000 |
| --- | --- | --- |

| Commodity Finance 0.7% | 18,000 | 1,000 |
| --- | --- | --- |

| Commodity Finance 0.7% | 18,000 | 1,000 |
| --- | --- | --- |

| Commodity Finance 0.7% | 18,000 | 1,000 |
| --- | --- | --- |

| Commodity Finance 0.7% | 18,000 | 1,000 |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

</table>

| Commodity Finance 0.7% | 21 |
| --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

| Commodity Finance 0.7% |  |  |
| --- | --- | --- |

</table>

21

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

| Balance Funds (1) | 28,500 | 1,000 |
| --- | --- | --- |
| Balance Funds (2) | 3,000 | 10,000 |
| Balance Funds (3) | 3,000 | 2,000 |
| Balance Funds (4) | 29,500 | 15,000 |
| Balance Funds (5) | 13,000 | 1,000 |
| Balance Funds (6) | 67,000 | 4,000 |
| Balance Funds (7) | 68,000 | 4,000 |
| Balance Funds (8) | 68,000 | 4,000 |
| Balance Funds (9) | 68,000 | 4,000 |
| Balance Funds (10) | 68,000 | 4,000 |
| Balance Funds (11) | 68,000 | 4,000 |
| Balance Funds (12) | 68,000 | 4,000 |
| Balance Funds (13) | 68,000 | 4,000 |
| Balance Funds (14) | 68,000 | 4,000 |
| Balance Funds (15) | 68,000 | 4,000 |
| Balance Funds (16) | 68,000 | 4,000 |
| Balance Funds (17) | 68,000 | 4,000 |
| Balance Funds (18) | 68,000 | 4,000 |
| Balance Funds (19) | 68,000 | 4,000 |
| Balance Funds (20) | 68,000 | 4,000 |
| Balance Funds (21) | 68,000 | 4,000 |
| Balance Funds (22) | 68,000 | 4,000 |
| Balance Funds (23) | 68,000 | 4,000 |
| Balance Funds (24) | 68,000 | 4,000 |
| Balance Funds (25) | 68,000 | 4,000 |
| Balance Funds (26) | 68,000 | 4,000 |
| Balance Funds (27) | 68,000 | 4,000 |
| Balance Funds (28) | 68,000 | 4,000 |
| Balance Funds (29) | 68,000 | 4,000 |
| Balance Funds (30) | 68,000 | 4,000 |
| Balance Funds (31) | 68,000 | 4,000 |
| Balance Funds (32) | 68,000 | 4,000 |
| Balance Funds (33) | 68,000 | 4,000 |
| Balance Funds (34) | 68,000 | 4,000 |
| Balance Funds (35) | 68,000 | 4,000 |
| Balance Funds (36) | 68,000 | 4,000 |
| Balance Funds (37) | 68,000 | 4,000 |
| Balance Funds (38) | 68,000 | 4,000 |
| Balance Funds (39) | 68,000 | 4,000 |
| Balance Funds (40) | 68,000 | 4,000 |

22

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

| American Financial Group | 19,884 | 1,998 |
| --- | --- | --- |
| Life Sciences, Tools & Services 2.2% | 20,000 | 1,000 |
| Engineering, Engineering (1) | 1,500 | 1,000 |
| Engineering, Engineering (2) | 1,500 | 1,000 |
| Home & Garden Planning 1.3% | 20,000 | 1,000 |
| Engineering, Engineering (1) | 20,000 | 1,000 |
| Engineering, Engineering (2) | 20,000 | 1,000 |
| Environmental Services & Supplies 0.5% | 20,000 | 1,000 |
| Engineering, Engineering (1) | 20,000 | 1,000 |
| Engineering, Engineering (2) | 20,000 | 1,000 |
| Engineering, Engineering (3) | 20,000 | 1,000 |
| Engineering, Engineering (4) | 20,000 | 1,000 |
| Engineering, Engineering (5) | 20,000 | 1,000 |
| Engineering, Engineering (6) | 20,000 | 1,000 |
| Engineering, Engineering (7) | 20,000 | 1,000 |
| Engineering, Engineering (8) | 20,000 | 1,000 |
| Engineering, Engineering (9) | 20,000 | 1,000 |
| Engineering, Engineering (10) | 20,000 | 1,000 |
| Engineering, Engineering (11) | 20,000 | 1,000 |
| Engineering, Engineering (12) | 20,000 | 1,000 |
| Engineering, Engineering (13) | 20,000 | 1,000 |
| Engineering, Engineering (14) | 20,000 | 1,000 |
| Engineering, Engineering (15) | 20,000 | 1,000 |
| Engineering, Engineering (16) | 20,000 | 1,000 |
| Engineering, Engineering (17) | 20,000 | 1,000 |
| Engineering, Engineering (18) | 20,000 | 1,000 |
| Engineering, Engineering (19) | 20,000 | 1,000 |
| Engineering, Engineering (20) | 20,000 | 1,000 |
| Engineering, Engineering (21) | 20,000 | 1,000 |
| Engineering, Engineering (22) | 20,000 | 1,000 |
| Engineering, Engineering (23) | 20,000 | 1,000 |
| Engineering, Engineering (24) | 20,000 | 1,000 |
| Engineering, Engineering (25) | 20,000 | 1,000 |
| Engineering, Engineering (26) | 20,000 | 1,000 |
| Engineering, Engineering (27) | 20,000 | 1,000 |
| Engineering, Engineering (28) | 20,000 | 1,000 |
| Engineering, Engineering (29) | 20,000 | 1,000 |
| Engineering, Engineering (30) | 20,000 | 1,000 |
| Engineering, Engineering (31) | 20,000 | 1,000 |
| Engineering, Engineering (32) | 20,000 | 1,000 |
| Engineering, Engineering (33) | 20,000 | 1,000 |
| Engineering, Engineering (34) | 20,000 | 1,000 |
| Engineering, Engineering (35) | 20,000 | 1,000 |
| Engineering, Engineering (36) | 20,000 | 1,000 |
| Engineering, Engineering (37) | 20,000 | 1,000 |
| Engineering, Engineering (38) | 20,000 | 1,000 |
| Engineering, Engineering (39) | 20,000 | 1,000 |
| Engineering, Engineering (40) | 20,000 | 1,000 |
| Engineering, Engineering (41) | 20,000 | 1,000 |
| Engineering, Engineering (42) | 20,000 | 1,000 |
| Engineering, Engineering (43) | 20,000 | 1,000 |
| Engineering, Engineering (44) | 20,000 | 1,000 |
| Engineering, Engineering (45) | 20,000 | 1,000 |
| Engineering, Engineering (46) | 20,000 | 1,000 |
| Engineering, Engineering (47) | 20,000 | 1,000 |
| Engineering, Engineering (48) | 20,000 | 1,000 |
| Engineering, Engineering (49) | 20,000 | 1,000 |
| Engineering, Engineering (50) | 20,000 | 1,000 |

Construction & Engineering 1.9%

23

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

| REVOLUTION, Medicines (1) | 18,121 | 16,800 |
| --- | --- | --- |
| Reproduction, Medicines (1) | 12,853 | 1,000 |
| Reproduction, Medicines (1) | 12,853 | 1,000 |
| Reproduction, Medicines (1) | 12,853 | 1,000 |
| Reproduction, Medicines (1) | 12,853 | 1,000 |
| Reproduction, Medicines (1) | 12,853 | 1,000 |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |
| Reproduction, Medicines (1) | 12,853 | 1,000 |
| Reproduction, Medicines (1) | 12,853 | 1,000 |
| Reproduction, Medicines (1) | 12,853 | 1,000 |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |
| Reproduction, Medicines (1) | 12,853 | 1,000 |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |
| Reproduction, Medicines (1) | 12,853 | 1,000 |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

| Reproduction, Medicines (1) | 12,853 | 1,000 |
| --- | --- | --- |

</table>

24

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

| Health Care Equipment & Supplies 3.1% | 124,927 | 1,391 |
| --- | --- | --- |
| Budgeting and Administration Holdings | 29,353 | 3,000 |
| Budget Wage | 29,353 | 3,000 |
| All Other (1) | 34,441 | 1,000 |
| All Other (2) | 34,441 | 1,000 |
| All Other (3) | 41,718 | 1,000 |
| Health Care & BUSINESS SERVICES 19.9% | 11,000 | 1,000 |
| Administration | 11,000 | 1,000 |
| Administration & Delivery 2.6% | 11,000 | 1,000 |
| Administration & Delivery (1) | 23,400 | 2,000 |
| Health Care Services | 23,400 | 2,000 |
| Health Care Services & Distributors 0.6% | 11,000 | 1,000 |
| Health Care Services & Distributors | 11,000 | 1,000 |
| Health Care Services | 11,000 | 1,000 |
| Other (1) | 10,123 | 1,000 |

25

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND[{"box_2d": [36, 84, 619, 196], "label": "table", "caption": "

| Unit 1 General Systems (1) | 17,694 | 1,929 |
| --- | --- | --- |
| Product Flow Group | 20,000 | 1,000 |
| Problems (1) | 2,500 | 2,000 |
| Environmental (1) | 20,000 | 1,000 |
| Environmental (1) | 20,000 | 1,000 |
| Environmental (1) | 20,000 | 1,000 |
| Environmental (1) | 20,000 | 1,000 |
| Environmental (1) | 20,000 | 1,000 |
| Environmental (1) | 20,000 | 1,000 |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |
| Environmental (1) | 20,000 | 1,000 |
| Environmental (1) | 20,000 | 1,000 |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |
| Environmental (1) | 20,000 | 1,000 |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |
| Environmental (1) | 20,000 | 1,000 |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |
| Environmental (1) | 20,000 | 1,000 |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

| Environmental (1) | 20,000 | 1,000 |
| --- | --- | --- |

<table><tr><td>Environmental (1)</td><td>20,000</td><td>1,000</td></tr></tabletable><table><tr><td>Environmental (1)</td><td>20,000</td><td>1,000</td></tr></tabletable><table><tr><td>Environmental (1)</td><td>20,000</td><td>1,000</td></tr></tabletable><table><tr><td>Environmental (1)</td><td>20,000</td><td>1,000</td></tr></tabletable><tr><td>Environmental (1)</td><td>20,000</td><td>1,000</td></tr></tabletable><tr><td>Environmental (1)</td><td>20,000</td><td>1,000</td></tr></tabletable><tr><td>Environmental (1)</td><td>20,000</td><td>1,000</td></tr></tabletable><tr><td>Environmental (1)</td><td>20,000</td><td>1,000</td></tr></tabletable><tr><td>Environmental (1)</td><td>20,000</td><td>1,000</td></tr></tabletable><tr><td>Environmental (1)</td><td>20,000</td><td>1,000</td></tr></tabletable><tr><td>Environmental (1)</td><td>20,000</td><td>1,000</td></tr></tabletable><tr><td>Environmental (1)</td><td>20,000</td><td>1,000</td></tr></tabletable><tr><td>Environmental (1)</td><td>20,000</td><td>1,000</td></tr></tabletable><tr><td>Environmental (1)</td><td>20,000</td><td>1,000</td></tr></tabletable><tr><td>Environmental (1)</td><td>20,000</td><td>1,000</td></tr></tabletable><tr><td>Environmental (1)</td><td>20,000</td><td>1,000</td></tr></tabletable><tr><td>Environmental (1)</td><td>20,000</td><td>1,000</td></tr></tabletable><tr><td>Environmental (1)</td><td>20,000</td><td>1,000</td></tr></tabletable><tr><td>Environmental (1)</td><td>20,000</td><td>1,000</td></tr></tabletable><tr><td>Environmental (1)</td><td>20,000</td><td>1,000</td></tr></tabletable><tr><td>Environmental (1)</td><td>20,000</td><td>1,000</td></tr></tabletable><tr><td>Environmental (1)</td><td>20,000</td><td>1,000</td></tr></table

T. ROWE PRICE QM U.S. SMALL &amp; MID-CAP CORE EQUITY FUND

26

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

| Belden | 34,291 | 2,465 |
| --- | --- | --- |
| Building Products 3.1% |  |  |
| Cost Dynamics | 50,000 | 2,000 |
| Cost of FirstSource (1) | 50,000 | 2,000 |
| Cost of FirstSource (1) | 50,000 | 2,000 |
| Cost of FirstSource (1) | 11,000 | 1,000 |
| Power & Forest Products 1.0% | 1,000 | 1,000 |
| Power | 20,000 | 14,000 |
| Commodities 0.4% | 20,000 | 14,000 |
| Commodities (1) | 20,000 | 14,000 |
| Commodities (1) | 20,000 | 14,000 |
| Commodities (1) | 20,000 | 14,000 |
| Commodities (1) | 20,000 | 14,000 |
| Power & Forest (2) | 20,000 | 14,000 |
| Power & Forest (2) | 20,000 | 14,000 |
| IT Services 3.0% | 17,763 | 8,000 |
| Other Services | 13,150 | 3,000 |

27

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

| Professional Services (CAll $296,238) | 17,925 | 300,000 |
| --- | --- | --- |
| Total Revenue | 18,925 | 18,925 |
| Interest Receivables (1) | 18,925 | 1,997 |
| REAL ESTATE 0.7% | 18,925 | 1,997 |
| ENERGY/TERM INVESTMENTS 0.7% | 19,925 | 2,004 |
| Equity Real Estate Investment Trusts 5.9% | 19,925 | 1,000 |
| Other Investments 0.7% | 19,925 | 1,000 |
| Total Investment Trusts: Real Estate Investment Trust whose distributions pass-through | 20,925 | 1,000 |
| Interest Receivables (1) | 20,925 | 1,000 |
| Interest Receivables (2) | 20,925 | 1,000 |
| Interest Receivables (3) | 20,925 | 1,000 |
| Interest Receivables (4) | 20,925 | 1,000 |
| Interest Receivables (5) | 20,925 | 1,000 |
| Interest Receivables (6) | 20,925 | 1,000 |
| Interest Receivables (7) | 20,925 | 1,000 |
| Interest Receivables (8) | 20,925 | 1,000 |
| Interest Receivables (9) | 20,925 | 1,000 |
| Interest Receivables (10) | 20,925 | 1,000 |
| Interest Receivables (11) | 20,925 | 1,000 |
| Interest Receivables (12) | 20,925 | 1,000 |
| Interest Receivables (13) | 20,925 | 1,000 |
| Interest Receivables (14) | 20,925 | 1,000 |
| Interest Receivables (15) | 20,925 | 1,000 |
| Interest Receivables (16) | 20,925 | 1,000 |
| Interest Receivables (17) | 20,925 | 1,000 |
| Interest Receivables (18) | 20,925 | 1,000 |
| Interest Receivables (19) | 20,925 | 1,000 |
| Interest Receivables (20) | 20,925 | 1,000 |

28

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

| First Industrial Realty Trust, REIT | 35,696 | 1,723 |
| --- | --- | --- |
| SECURITIES LENDING COLLATERAL 0.9% |  | 2,000 |
| Second Industrial Realty Trust, REIT | 37,655 | 1,901 |
| Second Industrial Realty Trust, REIT | 86,804 | 1,393 |
| TAXI & PROFITS, REIT |  |  |
| COMMERCIAL LENDING PROGRAM WITH STATE STREET BANK | 9,042 | 1,673 |
| AMERICAN LENDING BANK, REIT | 10,825 | 1,598 |
| AMERICAN LENDING BANK, REIT (2) | 10,825 | 1,598 |
| AMERICAN LENDING BANK, REIT (2) | 10,825 | 1,598 |
| AMERICAN LENDING BANK, REIT | 10,825 | 1,598 |
| Other Lending Program, REIT | 10,825 | 1,598 |
| Other Lending Program, REIT | 10,825 | 1,598 |
| Other Lending Program, REIT | 10,825 | 1,598 |
| Other Lending Program, REIT | 10,825 | 1,598 |

29

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

December 31, 2022

| Total Investments in a Pooled Account Through Securities |  | December 31, 2022 |
| --- | --- | --- |
| Lending Program with State Street Bank and Trust Company |  | 2,601 |
| Investment income, change in net unrealized gain/loss, and purchase and purchase |  | 2,601 |
| Total Securities Lending Collateral (Cost $2,861) |  | 18,507 |
| Total Investments in Securities |  | 1,115 |
| 100.0% of Assets |  |  |
| Total Assets in Securities |  |  |
| Total Securities in Securities, at value (cost $301,240) |  |  |
| Total Liabilities for Shares Sold |  |  |
| Total Liabilities for Shares Sold |  |  |
| T. Rowe Price Government Reserve Fund, 4.30% $ |  |  |
| Pinnacle, which applicable |  |  |
| Other assets |  | 29 |
| Total assets |  | 315,189 |
| Liabilities |  |  |

30

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

| STATEMENT OF ASSETS AND LIABILITIES | $ | - | # | $ | - | $ | - | 44% |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| (A) Changes in assets and per share amounts |  |  |  |  |  |  |  |  |  |
| Gas Utilities 0.1% Shares are denominated in U.S. dollars unless otherwise noted. |  |  |  |  |  |  |  |  |  |
| Supplementary Investment Schedule |  |  |  |  |  |  |  | 18,912 | 701 |
| Affiliate | (2) See Note 3. All or a portion of this section has loan at December 31, 2022. |  |  |  |  |  |  | 701 |  |
| Independent Power & Renewable Electricity Producer 0.2% |  |  |  |  |  |  |  | 12,382 |  |
| Reserves |  |  |  |  |  |  |  | 12,382 |  |
| Total Assets and Liabilities |  |  |  |  |  |  |  | 12,382 |  |
| Total Liabilities and Liabilities |  |  |  |  |  |  |  | 12,382 |  |
| Total Liabilities (net of foreign taxes of $19) |  |  |  |  |  |  |  | 5,000 |  |
| Securities lending |  |  |  |  |  |  |  | 4,285 |  |
| NET ASSETS |  |  |  |  |  |  |  | 6 |  |
| Expenses |  |  |  |  |  |  |  | 341,396 |  |

The accompanying notes are an integral part of these financial statements.

31

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

| STATEMENT OF OPERATIONS |  |  |
| --- | --- | --- |
| Have registration rights for certain restricted securities. Any costs |  |  |
| (500%) |  |  |
| * Capital gain distributions from underlying Price funds represented $0 of the net realized gain value of restricted securities (excluding 144A holdings) at period end amounts to (loss). |  |  |
| $12 and represents 0.0% of net assets. |  |  |
| ** Excludes earnings on securities lending collateral, which are subject to rebates and fees as described in Note 1. |  |  |
| Year |  |  |
| 1,852 |  |  |
| + Interest and income, comprised 0% of dividend income and $0 of interest income. |  |  |
| Per cent fund 1/22 $12/31/1988 |  |  |
| ^ The net realized gain is 1,000,000 shares of an IFO's $318 |  |  |
| par share capital stock outstanding; 1,000,000,000 shares |  |  |
| 1 |  |  |
| # Investment income |  |  |
| $2,066 $2,000 |  |  |
| Per 12th of 1988 |  |  |
| Net realized gain |  |  |
| 13,794 7,628 |  |  |
| NET ASSETS |  |  |
| (52,606) $2,000 |  |  |
| Prospects (decent share) in other assets from operations |  |  |
| (36,746) 37,153 |  |  |

The accompanying notes are an integral part of these financial statements.

32

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

# STATEMENT OF CHANGES IN NET ASSETS

($000s)

| NET ASSET VALUE PER SHARE |  |  |
| --- | --- | --- |
| Distributions to shareholders | Year Ended 12/31/22 | 43 |
| In millions of dollars |  | 121 |
| Net Assets |  |  |
| ($55,780,000 - 7,160,168 shares outstanding) | (7,178) | $(2,439) |
| Cash and cash equivalents | 50,261 | 104,956 |
| Additional Assets |  |  |
| Net assets | (252,645) | 241,205 |
| ($55,780,000 - 7,160,168 shares outstanding) | $(311,395) | $252,645.52 |
| Cash and cash equivalents |  | 15 |
| Cash and cash equivalents |  | $(319.60) |

33

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

# STATEMENT OF CHANGES IN NEW ASSETS

($000s)

Capital share transactions

Shares sold 2,235
Net interest in the QM Company Act of 1940 (the 1940 Act). The QM U.S. Small & Mid-Cap Core Equity Fund (the fund) is a diversified, open-end management investment 5,237
Real estate and unrealized gain or loss. The fund seeks long-term growth of capital 1,255
Distributions reinvested 3,720
Net interest in the QM U.S. Small & Mid-Cap Core Equity Fund 3,720
Cash and cash equivalents gain or loss on securities 7,000
Net interest in the QM U.S. Small & Mid-Cap Core Equity Fund 7,000
Net interest in the unrealized gain or loss 7,000
(Advised Class) and the QM U.S. Small & Mid-Cap Core Equity Fund-I Class 1,130
Shares redeemed 1,130
(1 Class). Advisor Class shares are sold only through various brokers and other

The accompanying notes are an integral part of these financial statements.

34

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

NOTICE TO FINANCIAL STATEMENTS these financial statements.

T. Rowe Price Quantitative Management Funds Inc. (the corporation) is registered transactions and accounted for on the trade date basis. Income and expenses are

**DECREASE IN NET ASSETS FROM OPERATIONS** assets are reported in the following financial statements. In Class shares require a $500,000 initial investment in the core equity fund tax-related interest and penalties, if incurred, are recorded as income attributable to the minimum generally is waived or reduced for financial purposes. The tax-exempted dividends received from mutual fund investments are reflected as dividend income. In Class shares, the net assets are available at the end of the year. Prior to December 15, 2013, the net assets are available at the end of the year. The net assets are available at the end of the year. The net assets are available at the end of the year. The net assets are available at the end of the year. The net assets are available at the end of the year. The net assets are available at the end of the year.

to the I Class. This transfer of shares from Investor Class to I Class is reflected in

35

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

# **Investment Transactions, Investment Income, and Distributions** Investment

return of capital or capital gain for tax purposes are reclassified when such information indemnification in connection with its officers and directors, service providers, and/or becomes available. Non-cash dividends, if any, are recorded at the fair market value of private company investments, the stock maximum, purposes under these arrangements. The statements as follows: On the basis of the capital, the capital shall be paid for the cash, the cash flow, the risk of material loss or currency considered to be remote. Changes, redeemed and shares sold, respectively, the interest, less interest, and other related gain (loss) of change in net assets, gain/loss from securities. Distributions. Board-approved Rule 12b-1 plan pursuant to which the class compensates financial or shareholders are recorded on the ex-dividend date, income distributions, if any, are not included in the tax dividend. A capital gain distribution, if any, may also be declared and paid by the fund annually. The fund annually. The fund annually. The fund annually. The fund annually. The fund annually. The fund annually. The fund annually. The fund annually. The fund annually. The fund annually. The fund annually. The fund annually. The fund annually. The fund annually. The fund annually. The fund annually. The fund annually. The fund annually. The fund annually. The fund annually. The fund annually. The fund annually. The fund annually. The fund annually. The fund annually.

# **NOTE 2 - VALUATION**

voting rights on matters related solely to that class; separate voting rights on matters that relate to all classes; and, in all other respects, the same rights and obligations as the

36

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

**Indemnification** In the normal course of business, the fund may provide

**Fair Value** The fund's financial instruments are valued at the close of the NYSE and are

classified as a basis for the financial instruments. The fund's financial instruments are valued at the close of the NYSE and are

classified as a basis for the financial instruments. The fund's financial instruments are valued at the close of the NYSE and are

classified as a basis for the financial instruments. The fund's financial instruments are valued at the close of the NYSE and are

classified as a basis for the financial instruments. The fund's financial instruments are valued at the close of the NYSE and are

classified as a basis for the financial instruments. The fund's financial instruments are valued at the close of the NYSE and are

classified as a basis for the financial instruments. The fund's financial instruments are valued at the close of the NYSE and are

**NOTES** **1. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **2. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **3. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **4. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **5. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **6. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **7. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **8. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **9. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **10. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **11. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **12. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **13. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **14. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **15. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **16. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **17. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **18. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **19. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **20. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **21. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **22. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **23. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **24. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **25. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **26. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **27. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **28. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **29. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **30. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **31. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **32. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **33. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **34. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **35. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **36. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **37. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **38. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **39. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **40. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **41. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **42. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **43. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **44. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **45. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **46. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **47. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **48. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **49. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **50. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **51. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **52. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **53. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **54. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **55. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **56. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **57. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **58. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **59. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

**BALANCE** **60. SIGNIFICANT ACCOUNTING POLICIES** The fund's financial instruments are valued at the close of the NYSE and are

37

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

observable inputs and minimize the use of unobservable inputs. When multiple inputs

reproduced, the results of the analysis of the data are presented in a table format. The table format is presented in a table format. The table format is presented in a table format.

the value ultimately realized upon sale or maturity.

38

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

# **Valuation Inputs** The following table summarizes the fund's financial instruments.

Short-Term Investments 2,148
Investments in the current financial instruments are issued by the mutual fund's closing NAV per share on
2,148
Investments in the current financial instruments are issued by the mutual fund's closing NAV per share on
Investment in the current financial instruments are issued by the mutual fund's closing NAV per share on
Investment in the current financial instruments are issued by the mutual fund's closing NAV per share on
Investment in the current financial instruments are issued by the mutual fund's closing NAV per share on
Investment in the current financial instruments are issued by the mutual fund's closing NAV per share on
Investment in the current financial instruments are issued by the mutual fund's closing NAV per share on
Investment in the current financial instruments are issued by the mutual fund's closing NAV per share on
Investment in the current financial instruments are issued by the mutual fund's closing NAV per share on
Investment in the current financial instruments are issued by the mutual fund's closing NAV per share on
Investment in the current financial instruments are issued by the mutual fund's closing NAV per share on
Investment in the current financial instruments are issued by the mutual fund's closing NAV per share on

![img-0.jpeg](img-0.jpeg)

39

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

administrative costs. In accordance with GAAP, investments made with cash collateral

NOTE 3 - OTHER INVESTMENT TRANSACTIONS

NOTE

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The following table provides the information in a specific format:[{"box_2d": [68, 215, 617, 215], "label": "text", "The following table provides the information in a specific format:"}][{"box_2d": [68, 215, 617, 215], "label": "text", "The following table provides the information in a specific format:"}]

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T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

At December 31, 2022, the tax-basis cost of investments (including derivatives, if any) representative of fair value. However, the Valuation Designee may also consider other tax-exempt instruments. The following table provides the information on the basis of the tax-basis cost of investments (including derivatives, if any): (1) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (2) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (3) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (4) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (5) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (6) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (7) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (8) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (9) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (10) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (11) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (12) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (13) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (14) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (15) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (16) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (17) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (18) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (19) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (20) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (21) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (22) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (23) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (24) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (25) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (26) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (27) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (28) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (29) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (30) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (31) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (32) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (33) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (34) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (35) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (36) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (37) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (38) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (39) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (40) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (41) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (42) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (43) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (44) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (45) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (46) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (47) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (48) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (49) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (50) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (51) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (52) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (53) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (54) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (55) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (56) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (57) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (58) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (59) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (60) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (61) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (62) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (63) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (64) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (65) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (66) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (67) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (68) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (69) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (70) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (71) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (72) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (73) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (74) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (75) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (76) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (77) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (78) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (79) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (80) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (81) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (82) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (83) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (84) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (85) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (86) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (87) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (88) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (89) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (90) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (91) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (92) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (93) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (94) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (95) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (96) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (97) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (98) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (99) The value of the tax-basis cost of investments (including derivatives, if any) is based on the actual tax-exempt instruments. (100) The value of the tax-basis cost of investments (including derivatives, if any)

41

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

are applied against net unrealized gains when determining the deferred tax liability.

The following table provides the information in English:

The following table provides the information in English:

Total attributable earnings (loss) = $11,988

Capital accounts within the financial reporting records are adjusted for permanent book/

tax differences to reflect tax character but are not adjusted for temporary differences.

The permanent book/tax adjustments if any have no impact on results of operations or

the Company's performance, and the Company's performance, and the Company's performance, and the Company's performance, and the Company's performance, and the Company's performance, and the Company's performance, and the Company's performance, and the Company's performance, and the Company's performance, and the Company's performance, and the Company's performance, and the Company's performance, and the Company's performance, and the Company's performance, and the Company's performance, and the Company's performance, and the Company's performance

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42

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

expenses previously paid to the extent the class's net assets grow or expenses decline
the expense of the company's business is the result of the loss of the losses from the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss of the loss

NOTE 5 - FOREIGN TAXES

43

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

purchase by members of the public. Cash collateral from securities lending, if any, is

The fund is a fund of the fund's business, and it is a fund of the fund's business, which is a fund of the fund's business, which is a fund of the fund's business, which is a fund of the fund's business, which is a fund of the fund's business, which is a fund of the fund's business, which is a fund of the fund's business, which is a fund of the fund's business, which is a fund of the fund's business, which is a fund of the fund's business, which is a fund of the fund's business

44

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

These are recent examples of global events which may have a negative impact on the

Price Associates has voluntarily agreed to reimburse the fund from its own resources on
the basis of the fund's financial position. The fund is not to be used to
assess the funds for the cost of investment research embedded in the cost of the fund's
fund. The fund is not to be used to assess the funds for the cost of investment research
in the field. The fund is not to be used to assess the funds for the cost of investment research
in the field. The fund is not to be used to assess the funds for the cost of investment research
in the field. The fund is not to be used to assess the funds for the cost of investment research
in the field. The fund is not to be used to assess the funds for the cost of investment research
in the field. The fund is not to be used to assess the funds for

To the Board of Directors of T. Rowe Price Quantitative Management Funds, Inc.
and Shareholders of T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund
the Board of Directors of T. Rowe Price Quantitative Management Funds, Inc.
It is capacity as the fund's transfer and dividend disbursing agent. T. Rowe Price
the Board of Directors of T. Rowe Price Quantitative Management Funds, Inc.
the Board of Directors of T. Rowe Price Quantitative Management Funds, Inc.
the Board of Directors of T. Rowe Price Quantitative Management Funds, Inc.
the Board of Directors of T. Rowe Price Quantitative Management Funds, Inc.
the Board of Directors of T. Rowe Price Quantitative Management Funds, Inc.
the Board of Directors of T. Rowe Price Quantitative Management Funds, Inc.
the Board

45

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

# REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

portfolio of investments, of T. Rowe Price QM U.S. Small & Mid-Cap Core Equity

NOTE ON NOTICE TO MILLIONS

The following information is provided in the following table. The information is provided in the following table. The information is provided in the following table.

46

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

# REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

The management of the small parent family, the old male person, the financial position of the
the first time of the first time of the first time of the first time of the first time of the first time of the first time of the first time of the first time of the first time of the first time of the first time of the first time of the first time of the first time of the first time of the first time of the first time of the first time of the first time of the first time of the first time of the first time of the first time of the first time of the first

47

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

# TAX INFORMATION (UNAUDITED) FOR THE TAX YEAR ENDED 12/31/22

$17,576,000 from long-term capital gains, subject to a long-term capital gains tax rate of 15% greater than 20% of the previous year's tax rate. The tax rate is based on the 2016 and 2017 figures. The tax rate is based on the 2016 and 2017 figures. The tax rate is based on the 2016 and 2017 figures. The tax rate is based on the 2016 and 2017 figures. The tax rate is based on the 2016 and 2017 figures. The tax rate is based on the 2016 and 2017 figures. The tax rate is based on the 2016 and 2017 figures.

48

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

# **LIQUIDITY RISK MANAGEMENT PROGRAM**

We conducted our audits of these financial statements in accordance with the standards
administrator, the Adviser is responsible for overseeing the day-to-day operations of the
of the PCADIL. Those standards require that we plan and perform the audit to obtain
INFORMATION, ASSURANCE AND WRITTEN COMMENTS. All the procedures
and procedures with the Board of Directors and the Liquidity Program are
the sole responsibility of the Directors. The Directors are responsible for
the development, whether due to error or fraud.
The Liquidity Program is a financial instrument, and the Liquidity Program is a
funding of the Liquidity Program. The Liquidity Program is a
funding of the Liquidity Program. The Liquidity Program is
a financial instrument, and the Liquidity Program is a
funding of the Liquidity Program. The Liquidity Program is
a financial instrument, and the Liquidity Program is a
funding of the Liquidity Program. The Liquidity Program is
a financial instrument, and the Liquidity Program is a
funding of the Liquidity Program. The Liquidity Program is
a financial instrument, and the Liquidity Program is a
funding of the Liquidity Program.

49

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

# **LIQUIDITY RISK MANAGEMENT PROGRAM (CONTINUED)**

accessing the SEC's website, sec.gov.

revising the SEC's management program and its management program, risk that the

Your fund is not to be used for any other purpose. The SEC has been used to use the SEC's management program and its management program, risk that the SEC has been used to use the SEC's management program, risk that the SEC has been used to use the SEC's management program, risk that the SEC has been used to use the SEC's management program, risk that the SEC has been used to use the SEC's management program, risk that the SEC has been used to use the SEC's management program, risk that the SEC has been used to use the SEC's management program, risk that the SEC has been used to use the SEC's management program, risk that the SEC has been used to use the SEC's management program, risk that the SEC has

Section 2(a)(18) of the 1940 Act because of their relationships with T. Rowe Price and its affiliates.

The business address of each director and officer is 100 East Pratt Street, Baltimore, Maryland

---

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50

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

# ABOUT THE FUND'S DIRECTORS AND OFFICERS

21202. The study into one of four county core jobs based on estimations of the investment's
time, likely based upon estimates from the 1st and 2nd of the 1st and 2nd of the 1st and 2nd of the 1st and 2nd of the 1st and 2nd of the 1st and 2nd of the 1st and 2nd of the 1st and 2nd of the 1st and 2nd of the 1st and 2nd of the 1st and 2nd of the 1st and 2nd of

INDEPENDENT FUND DIRECTORS (Number of T. Rowe Price, Principal Occupation(s) and Directorships of Public Companies and
New Dealers (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth)

51

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

# **INDEPENDENT DIRECTORS (CONTINUED)**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Ownership] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Ownership] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and**

**Portfolios Overseen] Other Investment Companies During the Past Five Years**

52

T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

# **INTERESTED DIRECTORS** (CONTINUED)

2000. cash and cash equivalents, as well as available borrowing arrangements.
Department, The South Hopkins University (2009 to present); Director,
Defective April 27, 2022, Mr. Daniels resigned from his role as an independent director of the Price
Lyndhurst Holdings (2015 to present); Director, Bhagwati, Pharma, Inc.
2016.
The information about the interested directors was current as of January 1, 2022, unless otherwise
Effective November 8, 2021. Mr. Walker was appointed as an independent director of the Price Funds.
Principal, a member of the number of members of the Directors, and a member of the level of the report.
Bruce W. Duncan, President, Chief Executive Officer, and Director, Lyndhurst, Inc. (2020
2020). Mr. Shams resigned from his role as an independent director of the Price
Lyndhurst Holdings (2015 to present); Director, Bhagwati, Pharma, Inc.
2016.
**INTERESTED DIRECTORS** (CONTINUED)
2016 to 2020, Mr. Shams resigned from his role as an independent director of the Price
Lyndhurst Holdings (2015 to present); Director, Bhagwati, Pharma, Inc.
2016 to 2020, Mr. Shams resigned from his role as an independent director of the Price
Lyndhurst Holdings (2015 to present); Director, Bhagwati, Pharma, Inc.
2016 to 2020, Mr. Shams resigned from his role as an independent director of the Price
Lyndhurst Holdings (2015 to present); Director, Bhagwati, Pharma, Inc.
2016 to 2020, Mr. Shams resigned from his role as an independent director of the Price
Lyndhurst Holdings (2015 to present); Director, Bhagwati, Pharma, Inc.
2016 to 2020, Mr. Shams resigned from his role as an independent director of the Price
Lyndhurst Holdings (2015 to present); Director, Bhagwati, Pharma, Inc.
2016 to 2020

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# **2016 to 2020**[{"box_2d": [28, 178, 118, 191], "label": "title", "INTERESTED"}][{"box_2d": [28, 178, 118, 191], "label": "title", "title",[REDACTED]"}]

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T. ROWE PRICE QM U.S. SMALL & MID-CAP CORE EQUITY FUND

**OFFICERS (CONTINUED)**

Name (Year of Birth)
Position Held With Quantitative Management Funds, Inc.

Name (Year of Birth)
Position Held With Quantitative Management Funds, Inc.

Name (Year of Birth)
Position Held With Quantitative Management Funds, Inc.

Name (Year of Birth)
Position Held With Quantitative Management Funds, Inc.

Name (Year of Birth)
Position Held With Quantitative Management Funds, Inc.

![img-0.jpeg](img-0.jpeg)

54

Name (Year of Birth)
Position Held With Quantitative Management Funds, Inc.

Principal Occupation(s)

Item 1. (b) Notice pursuant to Rule 30e-3.

Not applicable.

# Item 2. Code of Ethics.

The registrant has adopted a code of ethics, as defined in Item 2 of Form N-CSR, applicable to its principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. A copy of this code of ethics is filed as an exhibit to this Form N-CSR. No substantive amendments were approved or waivers were granted to this code of ethics.

Paul M. B. (1988) and Richard M. B. (1989) and Richard M. B. (1990) and Richard M. B. (1991) and Richard M. B. (1992) and Richard M. B. (1993) and Richard M. B. (1994) and Richard M. B. (1995) and Richard M. B. (1996) and Richard M. B. (1997) and Richard M. B. (1998) and Richard M. B. (1999) and Richard M. B. (2000)

The following table provides the information in English:

The registrant's name of the person is a registered firm. The first name of the person is a registered firm. The second name of the person is a registered firm.

Rudon, Maraba, Ph. C.F.A.F.A. (1987) Director and Vice President of the Board of Directors (2019).

The following table provides the information in English:

for other priorities, we have solutions for you. See how we can help you accomplish

(a) - (d) A person has been held for the last two years for professional services rendered to, or on behalf of, the registrant by the registrant's principal accountant were as follows:

|  | 2022 | 2021 |
| --- | --- | --- |
| Audit Fees | $21,734 | $21,172 |
| Audit-Related Fees | - | - |
| Tax Fees | - | 1,540 |
| All Other Fees | - | - |

Audit fees include amounts related to the audit of the registrant's annual financial statements and services normally provided by the accountant in connection with statutory and regulatory filings. Audit-related fees include amounts reasonably related to the performance of the audit of the registrant's financial statements and specifically include the issuance of a report on internal controls and, if applicable, agreed-upon procedures related to fund acquisitions. Tax fees include amounts related to services for tax compliance, tax planning, and tax advice. The nature of these services specifically includes the review of distribution calculations and the preparation of Federal, state, and excise tax returns. All other fees include the registrant's pro-rata share of amounts for agreed-upon procedures in conjunction with service contract approvals by the registrant's Board of Directors/Trustees.

(e)(1) The registrant's audit committee has adopted a policy whereby audit and non-audit services performed by the registrant's principal accountant for the registrant, its investment adviser, and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant require pre-approval in advance at regularly scheduled audit committee meetings. If such a service is required between regularly scheduled audit committee meetings, pre-approval may be authorized by one audit committee member with ratification at the next scheduled audit committee meeting. Waiver of pre-approval for audit or non-audit services requiring fees of a de minimis amount is not permitted.

(2) No services included in (b) - (d) above were approved pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.

T. Rowe Price Investment Services, Inc. \ 100 East Pratt Street \ Baltimore, MD 21202-1009

(f) Less than 50 percent of the hours expended on the principal accountant's engagement to audit the registrant's financial statements for the most recent fiscal year were attributed to work performed by persons other than the principal accountant's full-time, permanent employees.

(g) The aggregate fees billed for the most recent fiscal year and the preceding fiscal year by the registrant's principal accountant for non-audit services rendered to the registrant, its investment adviser, and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant were $2,037,000 and $3,732,000, respectively.

(h) All non-audit services rendered in (g) above were pre-approved by the registrant's audit committee. Accordingly, these services were considered by the registrant's audit committee in (h) and (i) for principal accountant's independence.

| RETIREMENT | GENERAL INVESTING | POLICE SAVINGS |  |
| --- | --- | --- | --- |
| Item 5. Audit Committee of Listed Registrants. | Individual and Non-Projected Registrants, Price President, and Brokerage, Inc. | 1. Power Price, 2. Power Price, 3. Power Price, and 4. Power Price, and 5. Power Price, and 6. Power Price, and 7. Power Price, and 8. Power Price, and 9. Power Price, and 10. Power Price, and 11. Power Price, and 12. Power Price, and 13. Power Price, and 14. Power Price, and 15. Power Price, and 16. Power Price, and 17. Power Price, and 18. Power Price, and 19. Power Price, and 20. Power Price, and 21. Power Price, and 22. Power Price, and 23. Power Price, and 24. Power Price, and 25. Power Price, and 26. Power Price, and 27. Power Price, and 28. Power Price, and 29. Power Price, and 30. Power Price, and 31. Power Price, and 32. Power Price, and 33. Power Price, and 34. Power Price, and 35. Power Price, and 36. Power Price, and 37. Power Price, and 38. Power Price, and 39. Power Price, and 40. Power Price, and 41. Power Price, and 42. Power Price, and 43. Power Price, and 44. Power Price, and 45. Power Price, and 46. Power Price, and 47. Power Price, and 48. Power Price, and 49. Power Price, and 50. Power Price, and 51. Power Price, and 52. Power Price, and 53. Power Price, and 54. Power Price, and 55. Power Price, and 56. Power Price, and 57. Power Price, and 58. Power Price, and 59. Power Price, and 60. Power Price, and 61. Power Price, and 62. Power Price, and 63. Power Price, and 64. Power Price, and 65. Power Price, and 66. Power Price, and 67. Power Price, and 68. Power Price, and 69. Power Price, and 70. Power Price, and 71. Power Price, and 72. Power Price, and 73. Power Price, and 74. Power Price, and 75. Power Price, and 76. Power Price, and 77. Power Price, and 78. Power Price, and 79. Power Price, and 80. Power Price, and 81. Power Price, and 82. Power Price, and 83. Power Price, and 84. Power Price, and 85. Power Price, and 86. Power Price, and 87. Power Price, and 88. Power Price, and 89. Power Price, and 90. Power Price, and 91. Power Price, and 92. Power Price, and 93. Power Price, and 94. Power Price, and 95. Power Price, and 96. Power Price, and 97. Power Price, and 98. Power Price, and 99. Power Price, and 100. Power Price | 1. Power Price, 2. Power Price, 3. Power Price, 4. Power Price, 5. Power Price, and 6. Power Price, and 7. Power Price, and 8. Power Price, and 9. Power Price, and 10. Power Price, and 11. Power Price, and 12. Power Price, and 13. Power Price, and 14. Power Price, and 15. Power Price, and 16. Power Price, and 17. Power Price, and 18. Power Price, and 19. Power Price, and 20. Power Price, and 21. Power Price, and 22. Power Price, and 23. Power Price, and 24. Power Price, and 25. Power Price, and 26. Power Price, and 27. Power Price, and 28. Power Price, and 29. Power Price, and 30. Power Price, and 31. Power Price, and 32. Power Price, and 33. Power Price, and 34. Power Price, and 35. Power Price, and 36. Power Price, and 37. Power Price, and 38. Power Price, and 39. Power Price, and 40. Power Price, and 41. Power Price, and 42. Power Price, and 43. Power Price, and 44. Power Price, and 45. Power Price, and 46. Power Price, and 47. Power Price, and 48. Power Price, and 49. Power Price, and 50. Power Price, and 51. Power Price, and 52. Power Price, and 53. Power Price, and 54. Power Price, and 55. Power Price, and 56. Power Price, and 57. Power Price, and 58. Power Price, and 59. Power Price, and 60. Power Price, and 61. Power Price, and 62. Power Price, and 63. Power Price, and 64. Power Price, and 65. Power Price, and 66. Power Price, and 67. Power Price, and 68. Power Price, and 69. Power Price, and 70. Power Price, and 71. Power Price, and 72. Power Price, and 73. Power Price, and 74. Power Price, and 75. Power Price, and 76. Power Price, and 77. Power Price, and 78. Power Price, and 79. Power Price, and 80. Power Price, and 81. Power Price, and 82. Power Price, and 83. Power Price, and 84. Power Price, and 85. Power Price, and 86. Power Price, and 87. Power Price, and 88. Power Price, and 89. Power Price, and 90. Power Price, and 91. Power Price, and 92. Power Price, and 93. Power Price, and 94. Power Price, and 95. Power Price, and 96. Power Price, and 97. Power Price, and 98. Power Price, and 99. Power Price, and 100. Power Price |

**Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.**

Not applicable.

**Item 8. Portfolio Managers of Closed-End Management Investment Companies.**

Not applicable.

**Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.**

Not applicable.

**Item 10. Submission of Matters to a Vote of Security Holders.**

There has been no change to the procedures by which shareholders may recommend nominees to the registrant's board of directors.

**Item 11. Controls and Procedures.**

(a) The registrant's principal executive officer and principal financial officer have evaluated the registrant's disclosure controls and procedures within 90 days of this filing and have concluded that the registrant's disclosure controls and procedures were effective, as of that date, in ensuring that information required to be disclosed by the registrant in this Form N-CSR was recorded, processed, summarized, and reported timely.

(b) The registrant's principal executive officer and principal financial officer are aware of no change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

**Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.**

Not applicable.

**Item 13. Exhibits.**

(a) The registrant's principal executive officer and principal financial officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 and required by Rule 5, shall be responsible for all costs of collection, including attorney's fees, for the use of the person, for the use of the person, for the use of the person, for the use of the person, for the use of the person, for the use of the person, for the use of the person, for the use of the person, for the use of the person, for the use of the person, for the use of the person, for the use of the person, for the use of the person, for the use of the person, for the use of the person, for

(b) The registrant's principal executive officer and principal financial officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and required by Rule 30a-2(b) under the Department of Finance, and the Director of Financial Services, Inc., and T. Rowe Price Trust

Visit troweprice.com/broadrange

# SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

T. Rowe Price Quantitative Management Funds, Inc.

By /s/ David Oestreicher
David Oestreicher Company

Principal Executive Officer
Unless otherwise noted, officers have been employees of T. Rowe Price or Price International for at least 3 years.

This report is a prospectus or summary prospectus; each includes investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing.

All mutual funds are subject to market risk excluding available risk information. Investing internationally is a key source of investment management and is not a guarantee of the accuracy or completeness of the information contained in this report. The registrant's responsibility is limited to the holder of the registrant and is the capitalized and on the date indicated.

1 The T. Rowe Price® ActivePlus Portfolios is a discretionary investment management program provided by

By /s/ David Oestreicher
David Oestreicher
Principal Executive Officer

Date February 16, 2023

By /s/ Alan S. Dupski
Alan S. Dupski
Principal Financial Officer

Date February 16, 2023

T. Rowe Price Advisory Services, Inc., a registered investment adviser under the Investment Advisers Act of 1940. Brokerage services are provided by T. Rowe Price Investment Services, Inc., member FINRA/SIPC. Brokerage accounts are carried by Pershing LLC, a BNY Mellon Company, member NYSE/FINRA/SIPC. T. Rowe Price Advisory Services, Inc., and T. Rowe Price Investment Services, Inc., are affiliated companies.

$^{2}$ Brokerage services are provided by T. Rowe Price Investment Services, Inc., member FINRA/SIPC. Brokerage accounts are carried by Pershing LLC, a BNY Mellon Company, member NYSE/FINRA/SIPC.

202302-2582772  
F202-050 2/23

## Ex-99.Cert

**Item 13. (a)(2)** 

**<u>CERTIFICATIONS</u>**

I, David Oestreicher, certify that:

1. I have reviewed this report on Form N-CSR of T. Rowe Price QM U.S.
Small & Mid-Cap Core Equity Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state
a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in
this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role
in the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| Date: February 16, 2023 | <u>/s/ David Oestreicher</u> |
|  | David Oestreicher |
|  | Principal Executive Officer |

---

------

**<u>CERTIFICATIONS</u>**

I, Alan S. Dupski, certify that:

1. I have reviewed this report on Form N-CSR of T. Rowe Price QM U.S.
Small & Mid-Cap Core Equity Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state
a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in
this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role
in the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| Date: February 16, 2023 | <u>/s/ Alan S. Dupski</u> |
|  | Alan S. Dupski |
|  | Principal Financial Officer |

---

## Exhibit 99.906

**Item 13. (b)** 

**CERTIFICATION UNDER SECTION 906 OF SARBANES-OXLEY ACT OF 2002** 

Name of Issuer: T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund

In connection with the Report on Form N-CSR for the above named Issuer, the undersigned hereby certifies, to the best of his knowledge, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange
Act of 1934;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Report fairly presents, in all material respects, the financial condition
and results of operations of the Issuer.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date: February 16, 2023 | /s/ David Oestreicher |
|  | David Oestreicher |
|  | Principal Executive Officer |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date: February 16, 2023 | /s/ Alan S. Dupski |
|  | Alan S. Dupski |
|  | Principal Financial Officer |

---

## Ex-99.Code

**CODE OF ETHICS FOR PRINCIPAL EXECUTIVE AND SENIOR FINANCIAL** 

**OFFICERS OF THE T. ROWE PRICE MUTUAL FUNDS AND EXCHANGE-** 

**TRADED FUNDS** 

**UNDER THE SARBANES-OXLEY ACT OF 2002** 

**I. General Statement.** This Code of Ethics for the T. Rowe Price Mutual Funds and Exchange-Traded Funds (the "Price ETFs" and, together with the Mutual Funds, the **"Price Funds")** has been designed to bring the Price Funds into compliance with the applicable requirements of the Sarbanes-Oxley Act of 2002 (the **"Act")** and rules promulgated by the Securities and Exchange Commission thereunder ("Regulations"). This Price Funds' Code of Ethics (the **"S-O Code")** applies solely to the Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer or Controller of, or persons performing similar functions for, a Price Fund (whether such persons are employed by a Price Fund or third party) **("Covered Officers").** The **"Price Funds"** shall include each mutual fund and ETF that is managed, sponsored and distributed by affiliates of T. Rowe Price Group, Inc. **("Group").** The investment managers to the Price Funds will be referred to as the **"Price Fund Advisers."** A list of Covered Officers is attached as **Exhibit A.**

The Price Fund Advisers have, along with their parent, T. Rowe Price Group, Inc. **("Group")** also maintained a comprehensive Code of Ethics and Conduct (the **"Group Code")** since 1972, which applies to all officers, directors and employees of the Price Funds, Group and its affiliates.

As mandated by the Act, Group has adopted a Code (the **"Group S-O Code"),** similar to the Price Funds S-O Code, which applies solely to its principal executive and senior financial officers. The Group S-O Code and the Price Funds S-O Code will be referred to collectively as the **"S-O Codes".**

The Price Funds S-O Code has been adopted by the Price Funds in accordance with the Act and Regulations thereunder and will be administered in conformity with the disclosure requirements of Item 2 of Form N-CSR. The S-O Codes are attachments to the Group Code. In many respects the S-O Codes are supplementary to the Group Code, but the Group Code is administered separately from the S-O Codes, as the S-O Codes are from each other.

**II. Purpose of the Price Funds S-O Code.** The purpose of the Price Funds S-O Code, as mandated by the Act and the Regulations, is to establish standards that are reasonably designed to deter wrongdoing and to promote:

**Ethical Conduct.** Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships.

**Disclosure.** Full, fair, accurate, timely and understandable disclosure in reports and documents that the Price Funds file with, or submit to, the SEC and in other public communications made by the Price Funds.

**Compliance.** Compliance with applicable governmental laws, rules and regulations.

**Reporting of Violations.** The prompt internal reporting of violations of the Price Funds S-O Code to an appropriate person or persons identified in the Price Funds S-O Code.

**Accountability.** Accountability for adherence to the Price Funds S-O Code.

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**III. Covered Officers Should Handle Ethically Actual and Apparent Conflicts of Interest.** 

**Overview.** Each Covered Officer owes a duty to the Price Funds to adhere to a high standard of honesty and business ethics and should be sensitive to situations that may give rise to actual as well as apparent conflicts of interest.

A "conflict of interest" occurs when a Covered Officer's private interest interferes with the interests of, or his or her service to, the Price Funds. For example, a conflict of interest would arise if a Covered Officer, or a member of his or her family, receives improper personal benefits as a result of his or her position with a Price Fund.

Certain conflicts of interest covered by the Price Funds S-O Code arise out of the relationships between Covered Officers and the Price Funds and may already be subject to provisions regulating conflicts of interest in the Investment Company Act of 1940 **("Investment Company Act"),** the Investment Advisers Act of 1940 **("Investment Advisers Act")** and the Group Code. For example, Covered Officers may not individually engage in certain transactions (such as the purchase or sale of securities or other property) with a Price Fund because of their status as "affiliated persons" of a Price Fund. The compliance programs and procedures of the Price Funds and Price Fund Advisers are designed to prevent, or identify and correct, violations of these provisions.

Although typically not presenting an opportunity for improper personal benefit, conflicts arise from, or as a result of, the contractual relationship between a Price Fund and its Price Fund Adviser (and its affiliates) of which the Covered Officers may also be officers or employees. As a result, the Price Funds S-O Code recognizes that the Covered Officers will, in the normal course of their duties (whether formally for the Price Funds or for the Price Fund Advisers, or for both), be involved in establishing policies and implementing decisions which will have different effects on these entities. The participation of the Covered Officers in such activities is inherent in the contractual relationship between each Price Fund and its respective Price Fund Adviser. Such participation is also consistent with the performance by the Covered Officers of their duties as officers of the Price Funds and, if consistent with the provisions of the Investment Company Act and the Investment Advisers Act, it will be deemed to have been handled ethically.

Other conflicts of interest are covered by the Price Funds and Price ETFs S-O Code, even if these conflicts of interest are not addressed by or subject to provisions in the Investment Company Act and the Investment Advisers Act.

Whenever a Covered Officer is confronted with a conflict of interest situation where he or she is uncertain as to the appropriate action to be taken, he or she should discuss the matter with the Chairperson of Group's Ethics Committee or another member of the Committee.

**Handling of Specific Types of Conflicts.** Each Covered Officer (and close family members) must not:

**Entertainment.** Accept entertainment from any company with which any Price Fund or any Price Fund Adviser has current or prospective business dealings including portfolio companies, unless such entertainment is in full compliance with the policy on entertainment as set forth in the Group Code.

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**Gifts.** Accept any gifts, except as permitted by the Group Code.

**Improper Personal Influence.** Use his or her personal influence or personal relationships improperly to influence investment decisions, brokerage allocations or financial reporting by the Price Funds to the detriment of any one or more of the Price Funds.

**Taking Action at the Expense of a Price Fund.** Cause a Price Fund to take action, or fail to take action, for the personal benefit of the Covered Officer rather than for the benefit of one or more of the Price Funds.

**Misuse of Price Funds' Transaction Information.** Use knowledge of portfolio transactions made or contemplated for a Price Fund or any other clients of the Price Fund Advisers to trade personally or cause others to trade in order to take advantage of or avoid the market impact of such portfolio transactions; and in connection with Price ETFs that do not disclose portfolio holdings daily, use knowledge of pending changes to an ETF's proxy portfolio holdings for such purposes.

**Outside Business Activities.** Engage in any outside business activity that detracts from a Covered Officer's ability to devote appropriate time and attention to his or her responsibilities to a Price Fund.

**Service Providers.** Excluding Group and its affiliates, have any ownership interest in, or any consulting or employment relationship with, any of the Price Funds' service providers, except that an ownership interest in public companies is permitted

**Receipt of Payments.** Have a direct or indirect financial interest in commissions, transaction charges, spreads or other payments paid by a Price Fund for effecting portfolio transactions or for selling or redeeming shares other than an interest (such as compensation or equity ownership) arising from the Covered Officer's employment by Group or any of its affiliates.

**Service as a Director or Trustee.** Serve as a director, trustee or officer of any public or private company or a non-profit organization that issues securities eligible for purchase by any of the Price Funds, unless approval is obtained as required by the Group Code.

**IV. Covered Officers' Specific Obligations and Accountabilities.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A. Disclosure Requirements and Controls.** Each Covered Officer must familiarize himself or herself with the disclosure requirements (Form N-lA registration statement, proxy (Schedule 14A), shareholder reports, Forms N-CEN, N-CSR, etc.) applicable to the Price Funds and the disclosure controls and procedures of the Price Fund and the Price Fund Advisers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B. Compliance with Applicable Law.** It is the responsibility of each Covered Officer to promote compliance with all laws, rules and regulations applicable to the Price Funds and the Price Fund Advisers. Each Covered Officer should, to the extent appropriate within his or her area of responsibility, consult with other officers and employees of the Price Funds and the Price Fund Advisers and take other appropriate steps with the goal of promoting full, fair, accurate, timely and understandable disclosure in the reports and documents the Price Funds file with, or submit to, the SEC, and in other public

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communications made by the Price Funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**C. Fair Disclosure.** Each Covered Officer must not knowingly misrepresent, or cause others to misrepresent, facts about a Price Fund to others, whether within or outside the Price organization, including to the Price Fund's directors and auditors, and to governmental regulators and self-regulatory organizations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**D. Initial and Annual Affirmations.** Each Covered Officer must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Upon adoption of the Price Funds S-O Code (or thereafter, as applicable, upon becoming a Covered Officer), affirm in writing that he or she has received, read, and understands the Price Funds S-O Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Annually affirm that he or she has complied with the requirements of the Price Funds S-O Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**E. Reporting of Material Violations of the Price Funds S-O Code.** If a Covered Officer becomes aware of any material violation of the Price Funds S-O Code or laws and governmental rules and regulations applicable to the operations of the Price Funds, he or she must promptly report the violation **("Report")** to the Chief Compliance Officer of the Price Funds **("CCO").** Failure to report a material violation will be considered itself a violation of the Price Funds S-O Code. The CCO is identified in the attached **Exhibit B.**

It is the Price Funds' policy that no retaliation or other adverse action will be taken against any Covered Officer or other employee of a Price Fund, a Price Fund Adviser or their affiliates based upon any lawful actions of the Covered Officer or employee with respect to a Report made in good faith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**F. Annual Disclosures.** Each Covered Officer must report, at least annually, all affiliations or other relationships as called for in the "Annual Compliance Certification" for T. Rowe Price Group.

**V. Administration of the Price Funds S-O Code.** The Ethics Committee is responsible for administering the Price Funds S-O Code and applying its provisions to specific situations in which questions are presented.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A. Waivers and Interpretations.** The Chairperson of the Ethics Committee has the authority to interpret the Price Funds S-O Code in any particular situation and to grant waivers where justified, subject to the approval of the Joint Audit Committee of the Price Funds. All material interpretations concerning Covered Officers will be reported to the Joint Audit Committee of the Price Funds at its next meeting. Waivers, including implicit waivers, to Covered Officers will be publicly disclosed as required in the Instructions to N-CSR. Pursuant to the definition in the Regulations, an implicit waiver means a Price Fund's failure to take action within a reasonable period of time regarding a material departure from a provision of the Price Funds S-O Code that has been made known to an "executive officer" (as defined in Rule 3b-7 under the Securities Exchange Act of 1934) of a Price Fund. An executive officer of a Price Fund includes its president and any vice-president in charge of a principal business unit, division or function.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B. Violations/Investigations.** The following procedures will be followed in

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investigating and enforcing the Price Funds S-O Code:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The CCO will take or cause to be taken appropriate action to investigate any potential or actual violation reported to him or her.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The CCO, after consultation if deemed appropriate with Outside Counsel to the Price Funds, will make a recommendation to the appropriate Price Funds Board regarding the action to be taken with regard to each material violation. Such action could include any of the following: a letter of censure or suspension, a fine, a suspension of trading privileges or termination of officership or employment. In addition, the violator may be required to surrender any profit realized (or loss avoided) from any activity that is in violation of the Price Funds S-O Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Investigations of Whistleblower complaints related to Price Funds will be handled in accordance with the T. Rowe Price Global Whistleblower Policy.

**VI. Amendments to the Price Funds S-O Code.** Except as to the contents of **Exhibit A and Exhibit B,** the Price Funds S-O Code may not be materially amended except in written form, which is specifically approved or ratified by a majority vote of each Price Fund Board, including a majority of the independent directors on each Board.

**VII. Confidentiality.** All reports and records prepared or maintained pursuant to the Price Funds S-O Code will be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law, the Price Funds S-O Code or as necessary in connection with regulations under the Price Funds S-O Code, such matters shall not be disclosed to anyone other than the directors of the appropriate Price Fund Board, Outside Counsel to the Price Funds, members of the Ethics Committee and the CCO and authorized persons on his or her staff.

Adoption Date: 10/22/03

Last Revised: 05/11/2022 (Exhibit B revised)

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## Exhibit A
**Persons Covered by the Price Funds and** 

**Price ETFs S-O Code of Ethics** 

David Oestreicher, Executive Vice President and Principal Executive Officer

Alan S. Dupski, Treasurer and Principal Financial Officer

## Exhibit B
Dino Capasso, Chief Compliance Officer