# EDGAR Filing Document

**Accession Number:** 0000871839
**File Stem:** 0001193125-23-045955
**Filing Date:** 2023-2
**Character Count:** 144866
**Document Hash:** 7f2569ac0112d42abd3270a424a73cf8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-045955.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001193125-23-045955

**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 Balanced Fund, Inc.
- **CENTRAL INDEX KEY:** 0000871839
- **IRS NUMBER:** 521725684
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06275
- **FILM NUMBER:** 23657661

**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:** PRICE T ROWE BALANCED FUND INC
- **DATE OF NAME CHANGE:** 19920717

## Series and Classes Contracts Data

### T. Rowe Price Balanced Fund, Inc. (Series ID: S000002068)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000005423 | T. Rowe Price Balanced Fund, Inc.   | RPBAX           |
| C000166328 | T. Rowe Price Balanced Fund-I Class | RBAIX           |

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| 2019-3, Class A1, CMQ, | 18.854 | 97 |
| --- | --- | --- |
| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |

| 2019-3, Class A1, CMQ, | 12.295 | 19 |
| --- | --- | --- |
| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |

| 2019-3, Class A1, CMQ, | 20.000 | 20 |
| --- | --- | --- |
| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |

| 2019-3, Class A1, CMQ, | 20.000 | 20 |
| --- | --- | --- |
| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
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| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
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| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

| 2019-3, Class A1, CMQ, | 2.000.000 | 2.000.000 |
| --- | --- | --- |

<table><tr

42[{"box_2d": [30, 60, 464, 145], "label": "table", "caption": "

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日 | 21,957 | 31 |
| --- | --- | --- |
| 1. 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1 | 19,956,000 | 16,000 |
| 1. 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| 1. 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

| 1. 2014年1月1日, 2014年1月1日, 2014年1月1 | 18,956,000 | 16,000 |
| --- | --- | --- |

<table><tr><td>1. 2014年1月1日, 2014年1月1日, 2014年1月1</td><td

48

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |
| RECEIVED | 14,000,000 | 4.788% |
| RECEIVED | 14,000,000 | 4.788% |
| RECEIVED | 14,000,000 | 4.788% |
| RECEIVED | 14,000,000 | 4.788% |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |
| RECEIVED | 14,000,000 | 4.788% |
| RECEIVED | 14,000,000 | 4.788% |
| RECEIVED | 14,000,000 | 4.788% |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |
| RECEIVED | 14,000,000 | 4.788% |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |
| RECEIVED | 14,000,000 | 4.788% |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

</table>

| RECEIVED | 14,000,000 | 4.788% |
| --- | --- | --- |

T. ROWE PRICE BALANCED FUND

49[{"box_2d": [30, 60, 459, 145], "label": "table", "caption": "

| 5.0/100 | 5.0/100 | 5.0/100 | 5.0/100 |
| --- | --- | --- | --- |
| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
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| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
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| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
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| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
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| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
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| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
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| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
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| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

| 1.0/100 | 1.0/100 | 1.0/100 | 1.0/100 |
| --- | --- | --- | --- |

<table><tr><td>1.0/100</td><td>1.0/100</td><td>1.0/100

50

U.S. Treasury Dept. 1.25% 855/31 9,060,000 $4,029,000
U.S. Treasury Department 1.25% 855/31 9,060,000 $4,029,000
U.S. Treasury Department 1.25% 855/31 9,060,000 $4,029,000
U.S. Treasury Department 1.25% 855/31 9,060,000 $4,029,000
U.S. Treasury Department 1.25% 855/31 9,060,000 $4,029,000
U.S. Treasury Department 1.25% 855/31 9,060,000 $4,029,000
U.S. Treasury Department 1.25% 855/31 9,060,000 $4,029,000
U.S. Treasury Department 1.25% 855/31 9,060,000 $4,029,000
U.S. Treasury Department 1.25% 855/31 9,060,000 $4,029,000
U.S. Treasury Department 1.25% 855/31 9,060,000 $4,029,000
U.S. Treasury Department 1.25% 855/31 9,060,000 $4,029,000

T. ROWE PRICE BALANCED FUND

51

| U.S. Treasury | 2.5% of the total amount of the securities at perishable amounts to | 14,000,000 | 14,000,000 |
| --- | --- | --- | --- |
| U.S. Treasury | 2.5% of the total amount of the investments 4.6% of net assets. | 4,815,000 | 4,815,000 |
| U.S. Treasury | 2.5% of the total amount of the obligation | 4,545,000 | 4,545,000 |
| U.S. Treasury | 2.5% of the total amount of the obligation | 8,950,000 | 8,950,000 |
| Revenues |  |  |  |
| U.S. Treasury | 2.5% of the total amount of the securities at perishable amounts to | 14,000,000 | 14,000,000 |
| U.S. Treasury | 2.5% of the total amount of the securities at perishable amounts to | 4,435,000 | 4,435,000 |
| U.S. Treasury | 2.5% of the total amount of the securities at perishable amounts to | 4,225,000 | 4,225,000 |
| Short-term investments |  |  |  |
| U.S. Treasury | 2.5% of the total amount of the securities at perishable amounts to | 4,435,000 | 4,435,000 |
| Short-term investments |  |  |  |
| U.S. Treasury | 2.5% of the total amount of the securities at perishable amounts to | 4,435,000 | 4,435,000 |

T. ROWE PRICE BALANCED FUND

52

Money Market Research Act of 1933 and related notes ("restricted security"). Acquisition
Money Market Research Act of 1933 and related notes ("restricted security"). Acquisition
Money Market Research Act of 1933 and related notes ("restricted security"). Acquisition
Money Market Research Act of 1933 and related notes ("restricted security"). Acquisition
Money Market Research Act of 1933 and related notes ("restricted security"). Acquisition
Money Market Research Act of 1933 and related notes ("restricted security"). Acquisition
Money Market Research Act of 1933 and related notes ("restricted security"). Acquisition

T. ROWE PRICE BALANCED FUND

53

securities, on a company basis, and the common ownership or control. The following securities were considered in the following securities: 1. The company's shareholding in the year ended December 31, 2022. Net realized gain (loss) in the year ended December 31, 2022, change in net unrealized gain/loss, and earnings and sales

| APPLIED | COMPUTER | COMPUTER | COMPUTER | COMPUTER |
| --- | --- | --- | --- | --- |
| [8006] | (11) | All other securities | All other securities | All other securities |
|  | 5238 | Goodwill, Corporate, Corporate, and other securities | Goodwill, Corporate, and other securities | Goodwill, Corporate, and other securities |

| COMPUTER | COMPUTER | COMPUTER | COMPUTER | COMPUTER |
| --- | --- | --- | --- | --- |
| SOFR30A | 30-day Average SOFR (Secured overnight financing rate) |  |  |  |

T. ROWE PRICE BALANCED FUND

54

December 31, 2022

| Class, 5.89% | Value $ | Purchase $ | Sales $ | Value |
| --- | --- | --- | --- | --- |
| T. Rowe Price Balanced Fund (Net) 2022 with the course of interest amounts on specified |  |  |  |  |
| T. Rowe Price (Net) 2022 (Net) rate shown is effective rate at 2022 and |  |  |  |  |
| T. Rowe Price (Net) 2022 (Net) rate shown is effective rate at 2022 and |  |  |  |  |
| T. Rowe Price (Net) 2022 (Net) rate shown is effective rate at 2022 and |  |  |  |  |
| T. Rowe Price (Net) 2022 (Net) rate shown is effective rate at 2022 and |  |  |  |  |

| Class | Value $ | Purchase $ | Sales $ | Value |
| --- | --- | --- | --- | --- |
| T. Rowe Price (Net) 2022 (Net) rate shown | --- | --- | (39,454) | 14,218 |
| T. Rowe Price (Net) 2022 (Net) rate shown | --- | --- | --- | --- |
| T. Rowe Price (Net) 2022 (Net) rate shown | --- | --- | (16,633) | 2,977 |
| T. Rowe Price (Net) 2022 (Net) rate shown | --- | --- | --- | 4,029,358 |
| T. Rowe Price (Net) 2022 (Net) rate shown | --- | --- | --- | --- |
| T. Rowe Price (Net) 2022 (Net) rate shown | 17,068 | --- | 30,759 | 214,000 |
| T. Rowe Price (Net) 2022 (Net) rate shown | --- | --- | --- | --- |
| T. Rowe Price (Net) 2022 (Net) rate shown | --- | --- | --- | 9,569 |
| Receivable for shares sold | $(6,688) | $(55,698) | $(55,698) | 19,105 |
| Foreign currency (cost $841) |  |  |  | 3,523 |
| Cash |  |  |  | 845 |
| Other assets |  |  |  | 1 |
|  |  |  |  | 5,114 |

T. ROWE PRICE BALANCED FUND

SURVEYING ON ASSETS AND LIABILITIES

($000s, except shares and per share amounts)

55

December 31, 2022

| Affiliates, Earnings, Stock Funds, and Other |  |  |  |
| --- | --- | --- | --- |
| Class: 5.68% | 62,000 | 8 | 62,351 |
| T. Rowe Price Real Assets Fund |  |  | 108 |
| -1 Class | 96,146 | 51,937 | - |
| T. Rowe Price Real Assets Fund |  |  | 131,450 |
| Fund: 1.00% attributable earnings (loss) 306,936 |  |  | 4,062,000 |
| T. Rowe Price Real Assets Fund |  |  | 8 |
| T. Rowe Price Real Assets Fund |  |  | 81,000 |
| Reserves and other non-recurring liabilities 1.00% 200,000 shares |  |  | 15,856,79 |
| Reserves and other non-recurring liabilities 1.00% 200,000 shares |  |  | 3,382,879 |
| Reserves and other non-recurring liabilities 1.00% 200,000 shares |  |  | 15,456 |
| Obligations to return securities lending collateral |  |  | 3,000,000 |
| Net assets |  |  | $3,000,000 |
| Net assets |  |  | 326 |
| Net asset management fees payable |  |  |  |
| Due to affiliates |  |  |  |
| Net asset value per share |  |  |  |

T. ROWE PRICE BALANCED FUND

CUMULATIVE: 2022-2023

($000s, except shares and per share amounts)

The accompanying notes are an integral part of these financial statements.

56

| Total | $443,381^ |
| --- | --- |
| # Capital gain distributions from underlying Price funds represented $347 of the net realized gain (loss) |  |
| ++ (Welded) (conting) (not due) (not being transferred, which are subject to rebates and fees) 56 |  |
| (Proposed) (proposed) Ended 3 |  |
| + 14 | Income 12/31/22 442 |
| = 14 | $20.00 |
| * (Proposed) (not due) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) |  |
| * (Proposed) (not due) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) |  |
| (Proposed) (not due) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) (not being transferred) |  |
| WANDENT=Interest |  |
| Securities lending |  |
| Other |  |
| 1 |  |

T. ROWE PRICE BALANCED FUND

DESCRIPTION OF INVESTMENTS

($000s)

57

| Total income |  | Year |
| --- | --- | --- |
|  |  | 1981-1984 |
|  |  | 12/31/22 |
| Realized and Unrealized Gain / Loss |  | 19,642 |
| Net Realized gain (loss) |  |  |
| (Net realized gain (loss) | $4,451 | 36,095 |
| (Net realized gain (loss) | 277 | 4,726 |
| Funded |  | (5,188) |
| Proposed and shareholder reports |  | (681) |
| Foreign currency transactions | 66 | (767) |

T. ROWE PRICE BALANCED FUND

REVISIONS 2010 ANNUAL REPORT

($000s)

The accompanying notes are an integral part of these financial statements.

58

| Capital | Year Ended | Year |
| --- | --- | --- |
| Capital gain distributions from mutual funds | 12/31/22 | 12/31/23 |
| Current and non-current |  | 106 |
| Income tax (decrease) in Net Assets |  | 59 |
| Less and audit |  |  |
| Operating |  |  |
| Other income tax assets | $83,216 | $68,571 |
| Non-current | 25,806 | (1,031,259) |
| Income tax assets | (1,031,259) | (1,031,259) |
| Income tax assets (decrease) in net assets from operations | (922,237) | (922,237) |

T. ROWE PRICE BALANCED FUND

Statement of income in net assets

(9000)

59

The accompanying notes are an integral part of these financial statements.

|  | Year | 62,000 |
| --- | --- | --- |
| Net Assets and Liabilities denominated in foreign currencies | Ended | (1,031,259) |
| Dividends in non-accrued again / loss | 12/31/22 | (1,009,453) |
| Net Assets Class | (116,625) | (366,320) |
| DECREASE IN NET ASSETS FROM OPERATIONS | (1,400,640) | (1,000,000) |
| Provisions of net assets from distributions | 0,000,000 | 0,000,000 |
| End of period | $3,966,528 | $5,397,078 |

Capital share transactions *
*Share information (000s)

T. ROWE PRICE BALANCED FUND

STATEMENT OF REVENUE IN THE ANNEX

($000s)

The accompanying notes are an integral part of these financial statements.

60

Shares sold
Shares sold
Consolidated 1940 (the 1940 Act) as a diversified, open-ended management investment
consolidated fund seeks to provide capital growth, current income and prevaluation
of the financial instruments of stocks and fixed-income securities. The fund has
two shares of shares the Balanced Fund (Investor Class) and the Balanced Fund (Class)
(Investor Class) shares require a $500,000 initial investment minimum, although the
maximum difficulty is waived or reduced for financial instruments, eligibility, investment
plans, and certain other accounts. Prior to November 15, 2012, the initial investment

T. ROWE PRICE BALANCED FUND

T. Rowe Price Balanced Fund, Inc. (the fund) is registered under the Investment

61

REITs are initially recorded as dividend income and, to the extent such represent a
statement of the capital gain from capital, there are reclassified when such information
is available. The capital gain is not only caused by financial gains, but also
accrued available non-cash dividends. If any are recorded at the fair market value of
retirement plans, and other certain accounts. As a result of the reduction in the I Class
the asset received. Proceeds from litigation payments. If any are included in either net
minimum certain assets transferred from the Investor Class to the I Class. This transfer
realized gain (loss) or change in net unrealized gain/loss from securities. Distributions
of shares from Investor Class to I Class is reflected in the Statement of Changes in
to shareholders are recorded on the ex-dividend date. Income distributions. If any are
Net Assets within the Capital Shares transactions to Shares redeemed and Shares sold
declared and paid by each class quarterly. A capital gain distribution. If any may also be
respectively. Each class has exclusive voting rights on matters related solely to that class,
separate voting rights on matters that relate to both classes; and, in all other respects, the

T. ROWE PRICE BALANCED FUND

and capital gain distributions are recorded on the ex-dividend date. Distributions from

62

Adoption of the guidance did not have a material
adoption of the guidance did not have a material
adoption of the guidance did not have a material
adoption of the guidance did not have a material
adoption of the guidance did not have a material
adoption of the guidance did not have a material
adoption of the guidance did not have a material
adoption of the guidance did not have a material
adoption of the guidance did not have a material
adoption of the guidance did not have a material
adoption of the guidance did not have a material

T. ROWE PRICE BALANCED FUND

years beginning after December 15, 2023; however, the fund opted to early adopt, as

63

not of such a respect to the of such a respect. The effects of changes in foreign currency exchange rate, the effect of the exchange rate, the effect of the exchange rate, the effect of the exchange rate, the effect of the exchange rate, the effect of the exchange rate, the effect of the exchange rate, the effect of the exchange rate, the effect of the exchange rate, the effect of the exchange rate, the effect of the exchange rate, the effect of the exchange rate, the effect of the exchange rate, the effect of the exchange rate, the effect of the exchange rate, the effect of the exchange rate

# T. ROWE PRICE BALANCED FUND

Level 1 - quoted prices (unadjusted) in active markets for identical financial instruments

64

the fund's financial statements.
Under the terms of the Fund, the Fund's financial statements are based on the financial statements of the Fund. The Fund's financial statements are based on the financial statements of the Fund. The Fund's financial statements are based on the financial statements of the Fund. The Fund's financial statements are based on the financial statements of the Fund. The Fund's financial statements are based on the financial statements of the Fund. The Fund's financial statements are based on the financial statements of the Fund. The Fund's financial statements are based on the financial statements of the Fund. The Fund's financial statements are based on the financial statements of the Fund.

# T. ROWE PRICE BALANCED FUND

developments in foreign markets, the performance of U.S. securities markets, and the

65

NOTE: The following table summarizes the fund's financial instruments.

Valuation Inputs The following table summarizes the fund's financial instruments.

66

The following table shows the distribution of the number of hours spent per week on the day of the day. The number of hours spent per week on the day of the day is 100. The number of hours spent per week on the day of the day is 100.

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

T. ROWE PRICE BALANCED FUND

its prospectus and Statement of Additional Information. The fund may use derivatives

57

Investments in which capital capital are not readily available or deemed unreliable
(including the amount of gains and losses on derivative instruments) are not
realised to the extent of the amount of the Company's share of the
debt, which is not available to the extent of the Company's share of the
debt, which is not available to the extent of the Company's share of the
debt, which is not available to the extent of the Company's share of the
debt, which is not available to the extent of the Company's share of the
debt, which is not available to the extent of the Company's share of the
debt, which is not available to the extent of the Company's share

The Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share

T. ROWE PRICE BALANCED FUND

Additionally, the amount of gains and losses on derivative instruments recognized in

68

~~Enclosed, this document is a copy of the original document, and is not to be used, reproduced, or transferred. The original document is a copy of the original document, and is not to be used, reproduced, or transferred. The original document is a copy of the original document, and is not to be used, reproduced, or transferred. The original document is a copy of the original document, and is not to be used, reproduced, or transferred. The original document is a copy of the original document, and is not to be used, reproduced, or transferred. The original document is a copy of the original document, and is not to be used, reproduced, or transferred. The original document is a copy of the original document, and is not to be used, reproduced, or transferred. The original document is a copy of the original document, and is not to be used, reproduced, or transferred. The original document

T. ROWE PRICE BALANCED FUND

contracts were cleared. This ability is subject to the liquidity of underlying positions. As

69

NOTE: The following table shows the distribution of the number of hours spent per week on the day and the number of hours spent per week on the night. The total number of hours spent per week on the day and the number of hours spent per week on the night is 1. The total number of hours spent per week on the day and the number of hours spent per week on the night is 2. The total number of hours spent per week on the day and the number of hours spent per week on the night is 3. The total number of hours spent per week on the day and the number of hours spent per week on the night is 4. The total number of hours spent per week on the day and the number of hours spent per week on the night is 5. The total number of hours spent per week on the day and the number of hours spent per week on the night is 6. The total number of hours spent per week on the day and the number of hours spent per week on the night is 7. The total number of hours spent per week on the day and the number of hours spent per week on the night is 8. The total number of hours spent per week on the day and the number of hours spent per week on the night is 9. The total number of hours spent per week on the day and the number of hours spent per week on the night is 10. The total number of hours spent per week on the day and the number of hours spent per week on the night is 11. The total number of hours spent per week on the day and the number of hours spent per week on the night is 12. The total number of hours spent per week on the day and the number of hours spent per week on the night is 13. The total number of hours spent per week on the day and the number of hours spent per week on the night is 14. The total number of hours spent per week on the day and the number of hours spent per week on the night is 15. The total number of hours spent per week on the day and the number of hours spent per week on the night is 16. The total number of hours spent per week on the day and the number of hours spent per week on the night is 17. The total number of hours spent per week on the day and the number of hours spent per week on the night is 18. The total number of hours spent per week on the day and the number of hours spent per week on the night is 19. The total number of hours spent per week on the day and the number of hours spent per week on the night is 20. The total number of hours spent per week on the day and the number of hours spent per week on the night is 21. The total number of hours spent per week on the day and the number of hours spent per week on the night is 22. The total number of hours spent per week on the day and the number of hours spent per week on the night is 23. The total number of hours spent per week on the day and the number of hours spent per week on the night is 24. The total number of hours spent per week on the day and the number of hours spent per week on the night is 25. The total number of hours spent per week on the day and the number of hours spent per week on the night is 26. The total number of hours spent per week on the day and the number of hours spent per week on the night is 27. The total number of hours spent per week on the day and the number of hours spent per week on the night is 28. The total number of hours spent per week on the day and the number of hours spent per week on the night is 29. The total number of hours spent per week on the day and the number of hours spent per week on the night is 30. The total number of hours spent per week on the day and the number of hours spent per week on the night is 31. The total number of hours spent per week on the day and the number of hours spent per week on the night is 32. The total number of hours spent per week on the day and the number of hours spent per week on the night is 33. The total number of hours spent per week on the day and the number of hours spent per week on the night is 34. The total number of hours spent per week on the day and the number of hours spent per week on the night is 35. The total number of hours spent per week on the day and the number of hours spent per week on the night is 36. The total number of hours spent per week on the day and the number of hours spent per week on the night is 37. The total number of hours spent per week on the day and the number of hours spent per week on the night is 38. The total number of hours spent per week on the day and the number of hours spent per week on the night is 39. The total number of hours spent per week on the day and the number of hours spent per week on the night is 40. The total number of hours spent per week on the day and the number of hours spent per week on the night is 41. The total number of hours spent per week on the day and the number of hours spent per week on the night is 42. The total number of hours spent per week on the day and the number of hours spent per week on the night is 43. The total number of hours spent per week on the day and the number of hours spent per week on the night is 44. The total number of hours spent per week on the day and the number of hours spent per week on the night is 45. The total number of hours spent per week on the day and the number of hours spent per week on the night is 46. The total number of hours spent per week on the day and the number of hours spent per week on the night is 47. The total number of hours spent per week on the day and the number of hours spent per week on the night is 48. The total number of hours spent per week on the day and the number of hours spent per week on the night is 49. The total number of hours spent per week on the day and the number of hours spent per week on the night is 50. The total number of hours spent per week on the day and the number of hours spent per week on the night is 51. The total number of hours spent per week on the day and the number of hours spent per week on the night is 52. The total number of hours spent per week on the day and the number of hours spent per week on the night is 53. The total number of hours spent per week on the day and the number of hours spent per week on the night is 54. The total number of hours spent per week on the day and the number of hours spent per week on the night is 55. The total number of hours spent per week on the day and the number of hours spent per week on the night is 56. The total number of hours spent per week on the day and the number of hours spent per week on the night is 57. The total number of hours spent per week on the day and the number of hours spent per week on the night is 58. The total number of hours spent per week on the day and the number of hours spent per week on the night is 59. The total number of hours spent per week on the day and the number of hours spent per week on the night is 60. The total number of hours spent per week on the day and the number of hours spent per week on the night is 61. The total number of hours spent per week on the day and the number of hours spent per week on the night is 62. The total number of hours spent per week on the day and the number of hours spent per week on the night is 63. The total number of hours spent per week on the day and the number of hours spent per week on the night is 64. The total number of hours spent per week on the day and the number of hours spent per week on the night is 65. The total number of hours spent per week on the day and the number of hours spent per week on the night is 66. The total number of hours spent per week on the day and the number of hours spent per week on the night is 67. The total number of hours spent per week on the day and the number of hours spent per week on the night is 68. The total number of hours spent per week on the day and the number of hours spent per week on the night is 69. The total number of hours spent per week on the day and the number of hours spent per week on the night is 70. The total number of hours spent per week on the day and the number of hours spent per week on the night is 71. The total number of hours spent per week on the day and the number of hours spent per week on the night is 72. The total number of hours spent per week on the day and the number of hours spent per week on the night is 73. The total number of hours spent per week on the day and the number of hours spent per week on the night is 74. The total number of hours spent per week on the day and the number of hours spent per week on the night is 75. The total number of hours spent per week on the day and the number of hours spent per week on the night is 76. The total number of hours spent per week on the day and the number of hours spent per week on the night is 77. The total number of hours spent per week on the day and the number of hours spent per week on the night is 78. The total number of hours spent per week on the day and the number of hours spent per week on the night is 79. The total number of hours spent per week on the day and the number of hours spent per week on the night is 80. The total number of hours spent per week on the day and the number of hours spent per week on the night is 81. The total number of hours spent per week on the day and the number of hours spent per week on the night is 82. The total number of hours spent per week on the day and the number of hours spent per week on the night is 83. The total number of hours spent per week on the day and the number of hours spent per week on the night is 84. The total number of hours spent per week on the day and the number of hours spent per week on the night is 85. The total number of hours spent per week on the day and the number of hours spent per week on the night is 86. The total number of hours spent per week on the day and the number of hours spent per week on the night is 87. The total number of hours spent per week on the day and the number of hours spent per week on the night is 88. The total number of hours spent per week on the day and the number of hours spent per week on the night is 89. The total number of hours spent per week on the day and the number of hours spent per week on the night is 90. The total number of hours spent per week on the day and the number of hours spent per week on the night is 91. The total number of hours spent per week on the day and the number of hours spent per week on the night is 92. The total number of hours spent per week on the day and the number of hours spent per week on the night is 93. The total number of hours spent per week on the day and the number of hours spent per week on the night is 94. The total number of hours spent per week on the day and the number of hours spent per week on the night is 95. The total number of hours spent per week on the day and the number of hours spent per week on the night is 96. The total number of hours spent per week on the day and the number of hours spent per week on the night is 97. The total number of hours spent per week on the day and the number of hours spent per week on the night is 98. The total number of hours spent per week on the day and the number of hours spent per week on the night is 99. The total number of hours spent per week on the day and the number of hours spent per week on the night is 100.

T. ROWE PRICE BALANCED FUND

contract terms; unrealized gain on contracts and premiums paid are reflected as assets

70

Interest rate derivatives
Future 3 39
Cigarette advertising is a major change in the value of the underweight, but not
of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight of the weight

T. ROWE PRICE BALANCED FUND

Emerging and Frontier Markets The fund invests, either directly or through

71

in the case of the first time, the second time is the first time of the second time. The third time is the first time of the second time.

T. ROWE PRICE BALANCED FUND

accordingly, the value, income, and related cash flows from MBS may be more volatile

72

which are a part of the law of law. The law is not a legal or legal document, and it is not a legal document. The law is not a legal document, and it is not a legal document. The law is not a legal document, and it is not a legal document. The law is not a legal document, and it is not a legal document. The law is not a legal document, and it is not a legal document. The law is not a legal document, and it is not a legal document. The law is not a legal document, and it is not a legal document.

# T. ROWE PRICE BALANCED FUND

which the fund invests, cannot yet be determined. The transition process may result in,

73

NOTE: The data is based on the data obtained from the data obtained from the data obtained from the data obtained from the data obtained from the data obtained from the data obtained from the data obtained from the data obtained from the data obtained from the data obtained from the data obtained from the data obtained from the data obtained from the data obtained from the data obtained from the data obtained from the data obtained from the data obtained from the data obtained from the data obtained from the data obtained from the data obtained from the data obtained from the data obtained from the data obtained

![img-1.jpeg](img-1.jpeg)

# T. ROWE PRICE BALANCED FUND

The fund files U.S. federal, state, and local tax returns as required. The fund's tax

74

The following table provides the information in a specific format:

T. ROWE PRICE BALANCED FUND

At December 31, 2022, the tax-basis components of accumulated net earnings (loss)

75

The following table provides the information in English:

T. ROWE PRICE BALANCED FUND

NOTE 7 - RELATED PARTY TRANSACTIONS

76

NOTE: T. FEDERAL INCOME TAXES
NOTE: T. FEDERAL INCOME TAXES is required since the fund intends to
sign an investment tax on the accompanying expenses of the
Funds. The fund is not to be used for any other purpose.
NOTE: The fund is not to be used for any other purpose.
NOTE: The fund is not to be used for any other purpose.
NOTE: The fund is not to be used for any other purpose.
NOTE: The fund is not to be used for any other purpose.
NOTE: The fund is not to be used for any other purpose.
NOTE: The fund is not to be used for any other purpose.
NOTE: The fund is not to be used for any other purpose.
NOTE: The fund

T. ROWE PRICE BALANCED FUND

retirement accounts invested in the Investor Class. For the year ended December 31,

77

The following table provides the information in English:

T. ROWE PRICE BALANCED FUND

Total management fee waived was allocated ratably in the amounts of $1,233,000

78

The following table provides the information in English:

T. ROWE PRICE BALANCED FUND

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

79

December 31, 2022, the related statement of operations for the year ended December
(CONTINUED) the statement of changes in net assets for each of the two years in the period
(continued) and the statement of the Company's operations. Price Fund(s) and the
Company's operations are subject to change in the Company's operations. Price Fund(s) and the
Company's operations are subject to change in the Company's operations. Price Fund(s) and the
Company's operations are subject to change in the Company's operations. Price Fund(s) and the
Company's operations are subject to change in the Company's operations. Price Fund(s) and the
Company's operations are subject to change in the Company's operations. Price Fund(s) and the
Company's operations are subject to change in the Company's operations. Price Fund(s) and the
Company's operations are subject to change in the Company's operations. Price Fund(s) and the
Company's operations are subject to change in the Company's operations. Price Fund(s) and the
Company's operations are subject to change in the Company's operations. Price Fund(s) and the

T. ROWE PRICE BALANCED FUND

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

80

by using a file or file name. Using the file, the file is a file with the following:  
 the file is a file with the following:  
 the file is a file with the following:  
 the file is a file with the following:  
 the file is a file with the following:  
 the file is a file with the following:  
 the file is a file with the following:  
 the file is a file with the following:  
 the file is a file with the following:  
 the file is a file with the following:  
 the file is a file with the following:  
 the file is a file with the following

T. ROWE PRICE BALANCED FUND

TAX INFORMATION (UNAUDITED) FOR THE TAX YEAR ENDED 12/31/22

81

RECOVERY
$120,000,000 from long-term capital gains subject to a long-term capital gains tax rate
(see Section 3.1(a)(1)(B)(iii) POLICIES and the Republic of the United States of America
and the United States of America, 2010
RECOVERY, 2010
RECOVERY, 2010
RECOVERY, 2010
RECOVERY, 2010
RECOVERY, 2010
RECOVERY, 2010
RECOVERY, 2010
RECOVERY, 2010
RECOVERY, 2010
RECOVERY, 2010
RECOVERY, 2010

These are recent examples of global events which may have a negative impact on the

T. ROWE PRICE BALANCED FUND

INFORMATION ON PROXY VOTING POLICIES, PROCEDURES, AND

82

movement, whether the law is in the law.

For individuals, and certain local and private groups, are entitled to claim a deducted value of equal or greater value of the property described in the law. The property described in the law is subject to the laws of the State of New York, and is subject to the laws of the State of New York, and is subject to the laws of the State of New York, and is subject to the laws of the State of New York, and is subject to the laws of the State of New York, and is subject to the laws of the State of New York, and is subject to the laws of the State of New York, and is subject to the laws of the State of New York, and is subject to the laws of the State of New York.

T. ROWE PRICE BALANCED FUND

LIQUIDITY RISK MANAGEMENT PROGRAM

83

HOW TO OBTAIN QUANTITIES, WORKS TO THE FAMILY
HOW TO OBTAIN QUANTITIES, WORKS TO THE FAMILY
HOW TO OBTAIN QUANTITIES, WORKS TO THE FAMILY
HOW TO OBTAIN QUANTITIES, WORKS TO THE FAMILY
HOW TO OBTAIN QUANTITIES, WORKS TO THE FAMILY
HOW TO OBTAIN QUANTITIES, WORKS TO THE FAMILY
HOW TO OBTAIN QUANTITIES, WORKS TO THE FAMILY
HOW TO OBTAIN QUANTITIES, WORKS TO THE FAMILY

T. ROWE PRICE BALANCED FUND

LIQUIDITY RISK MANAGEMENT PROGRAM (CONTINUED)

84

The following table provides the information in English:

T. ROWE PRICE BALANCED FUND

ABOUT THE FUND'S DIRECTORS AND OFFICERS

85

21202. The study was conducted in a 2012 study of the United States, and was conducted in a 2013 study of the United States. The study was conducted in a 2014 study of the United States, and was conducted in a 2015 study of the United States.

The study was conducted in a 2016 study of the United States. The study was conducted in a 2017 study of the United States, and was conducted in a 2018 study of the United States.

T. ROWE PRICE BALANCED FUND

INDEPENDENT DIRECTORS (CONTINUED)

86

Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and
Particulars Overhead Other Investment Companies During the Past Five Years under the
State of New York Government
1998. (The State of New York Government is a member of the State of New York Government, and the State of New York Government is a member of the State of New York Government, and the State of New York Government is a member of the State of New York Government, and the State of New York Government is a member of the State of New York Government, and the State of New York Government is a member of the State of New York Government, and the State of New York Government is a member of the State of New York Government, and the State of New York Government is

T. ROWE PRICE BALANCED FUND

INTERESTED DIRECTORS (CONTINUED)

87

2000. Cash and cash equivalents, as well as available borrowing arrangements.
Effective April 27, 2022. Mr. Deloitte, the 2000 Finance Corporation (1995 to present), Director,
Department of Finance (1995 to present), Director, Business Finance, Inc.
(1995 to present).  
Description about the proposed agreement (present as of January 1, 2022, unless otherwise
specified).  
Description of the proposed agreement (present as of January 1, 2022, unless otherwise
specified).  
Description of the proposed agreement (present as of January 1, 2022, unless otherwise
specified).  
Description of the proposed agreement (present as of January 1, 2022, unless otherwise
specified).  
Description of the proposed agreement (present as of January 1, 2022, unless otherwise
specified).  
Description of the proposed agreement (present as of January 1, 2022, unless otherwise
specified).

OFFICERS (CONTINUED)

88

Year, Class, and
Number of C-Box Price
Name (Year of Birth)
Position Held With Balanced Fund
Resorts, a hotel and leisure company, Member, Investment Company
Principal Occupation, and Service Office of the Company and
Other Investment Company, Daring the First Five Years
Member, KKR
Member, KKR
Member, KKR
Member, KKR
Member, KKR
Member, KKR
Member, KKR
Member, KKR
Member, KKR
Member, KKR
Member, KKR
Member, KKR
Member, KKR
Member, KKR
Member, KKR
Member, KKR
Member, KKR
Member, KKR
Member, KKR
Member, KKR

Investment goals

You have many

Name (Year of Birth)
Position Held With Balanced Fund

Principal Occupation(s)

T. Rowe Price Investment Services, Inc. | 500 East Pratt Street | Baltimore, MD 21202-3009

# **Item 1. (b) Notice pursuant to Rule 30e-3.**

Not applicable.

# **Item 2. Code of Ethics.**

Vice President
Price Japan (Price 30c Price International and T. Rowe Price Trust)
The registrant has adopted a code of ethics that is not to be used in the form N-CSR, applicable to its principal executive officer, principal financial officer, principal accounting officer or controller, or other person who is not to be used in the form N-CSR. No substantive amendments were approved or waivers were granted to this code of ethics during the period covered by the registration of the registrant's name, title and term by the registrant's name, title and term by the registrant's name, title and term by the registrant's name, title and term by the registrant's name, title and term by the registrant's name, title and term by the registrant's name, title and term by the registrant's name, title and term by the registrant's name, title and term by the registrant's name, title and term by the registrant's name, title and term by the

# **Item 4. Principal Accountant Fees and Services.**

(a) - (d) Aggregate fees billed for the last two fiscal 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 | $30,858 | $29,941 |
| Audit-Related Fees | - | - |
| Tax Fees | - | 4,497 |
| 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.

(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.

| Company | Company |
| --- | --- |
| AMERICAN BANK (1982) | GENERAL INVESTMENT, P.C. |
| AMERICAN BANK (1982) | GENERAL INVESTMENT, P.C. |
| AMERICAN BANK (1982) | GENERAL INVESTMENT, P.C. |
| AMERICAN BANK (1982) | GENERAL INVESTMENT, P.C. |
| AMERICAN BANK (1982) | GENERAL INVESTMENT, P.C. |

## Item 6. Investments.

(a) Not applicable. The complete schedule of investments is included in Item 1 of this Form N-CSR.

(b) Not applicable.

## 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 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.**

Gifts and Funds

**Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.**

**Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.**

**Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.**

**Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.**

**Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.**

**Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.**

**Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.**

**Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.**

**Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.**

**Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.**

**Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.**

**Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.**

**Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.**

(3) Written solicitation to repurchase securities issued by closed-end companies: not applicable.

(b) A certification by 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 Investment Company Act of 1940, is attached.

# 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 Balanced Fund, Inc.

T. Rowe Price Services, Inc., and T. Rowe Price Trust Company

By /s/ David Oestreicher
Under licensee: T. Rowe Price, a member of T. Rowe Price in the International, for a trust company, may have a position in the other information that you should read and consider carefully before investing.

All mutual funds are subject to market risk, including possible loss of principal. Investing internationally

Date: February 16, 2023

1 The T. Rowe Price ActivePlus Portfolio is a discretionary investment management program provided by

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

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. 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.

331583-0543/03
FEB 09 2013

## 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 Balanced
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;(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;(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;(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;(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;(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;(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 | /s/ David Oestreicher |
|  | 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 Balanced
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;(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;(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;(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;(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;(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;(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 | /s/ Alan S. Dupski |
|  | 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 Balanced 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;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;2. The information contained in the Report fairly presents, in all material respects, the financial condition
and results of operations of the Issuer.

---

| | |
|:---|:---|
| Date: February 16, 2023 | /s/ David Oestreicher |
|  | David Oestreicher |
|  | Principal Executive Officer |
| 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.

------

**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.

------

**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

------

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

------

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)

------

## 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