# EDGAR Filing Document

**Accession Number:** 0001038469
**File Stem:** 0001193125-23-044899
**Filing Date:** 2023-2
**Character Count:** 234119
**Document Hash:** c9c8371dbd207e3325953e97521a4cb3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-044899.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001193125-23-044899

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230222

**EFFECTIVENESS DATE**: 20230222

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08203
- **FILM NUMBER:** 23653991

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

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

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

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

## Series and Classes Contracts Data

### T. Rowe Price QM Global Equity Fund (Series ID: S000052903)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000166436 | T. Rowe Price QM Global Equity Fund               | TQGEX           |
| C000166437 | T. Rowe Price QM Global Equity Fund-Advisor Class | TQGAX           |
| C000166438 | T. Rowe Price QM Global Equity Fund-I Class       | TQGIX           |

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

# **FORM N-CSR**

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

Investment Company Act File Number: 811-08203

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

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

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

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

Date of fiscal year end: December 31

Date of reporting period: December 31, 2022

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

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

T.RowePrice®

# **ANNUAL REPORT**

December 31, 2022

| TQGEX | T. ROWE PRICE QM Global Equity Fund |
| --- | --- |
| TQGAX | QM Global Equity Fund- Advisor Class |

INVEST WITH CONFIDENCE®

Stocks in developed and emerging countries rose slightly in the second half of 2022, paring their significant full-year losses. Your fund declined but held up better than its MSCI benchmark and Lipper peer group index.

The fund outperformed its MSCI benchmark due to generally favorable stock selection, particularly in the consumer discretionary and information technology sector. Stock choices in the market are not limited to factors that relative results,

I Class

## Go Paperless

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

### TO ENROLL:

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

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

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

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

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

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

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

T. ROWE PRICE QM GLOBAL EQUITY FUND

Market Commentary

# **HIGHLIGHTS**

as did a slight underweight in financials.

The fund's sector allocations at the end of 2022 were fairly close to those of the MSCI index. We expect most of the fund's performance will be driven by stock selection decisions stemming from our multifactor ranking process.

While U.S. stock valuations declined throughout 2022 earnings estimates have started declining more recently. These conditions suggest that we should expect

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

T. ROWE PRICE QM GLOBAL EQUITY FUND

## Dear Shareholder

low U.S. investment. Many of the following are already. Equity and the company's overseas market. We are also the only one of the companies that have been in the market. We are also the only one of the companies that have been in the market. We are also the only one of the companies that have been in the market. We are also the only one of the companies that have been in the market. We are also the only one of the companies that have been in the market. We are also the only one of the companies that have been in the market. We are also the only one of the companies that have been in the market. We are also

1

T. ROWE PRICE QM GLOBAL EQUITY FUND

Management's Discussion of Fund Performance

sharp increase in yields led to historically weak results across the fixed income
with the SAP 500 Index, energy was a rare bright spot, gaining more than

60% as oil prices jumped in response to Russia's invasion of Ukraine and
THE rate was 1.4% in the 2018-2019 period. The investors as few sectors remained
concerns over commodity supply shortages. Defensive shares, such as utilities,
untouched by the broad headwinds that markets faced, and volatility may
consumer staples, and health care held up relatively well and finished the
continue in the near term as central banks tighten policy amid slowing
over the monthly flat returns. Conversely, communication services, consumer
investment, however, in our view, there continue to be opportunities for
discretionary, and information technology shares suffered the largest declines.
selective investors focused on fundamentals. Valuation in most global equity
funded by the fund performance of the 2018-2019 period. The investment professionals, go to

troweprice.com.

|  | Total Return |  |
| --- | --- | --- |
| Periods Ended 12/31/22 | 6 Months | 12 Months |
| QM Global Equity Fund | 3.17% | -17.08% |
| QM Global Equity Fund- |  |  |
| Advisor Class | 3.08 | -17.30 |

2

T. ROWE PRICE QM GLOBAL EQUITY FUND

# **INVESTMENT OBJECTIVE**

Stocks in developed and emerging countries rose slightly in the second half of 2022, while the 2021 financial year ended December 31, 2022, was 2022. The 2021 financial year ended December 31, 2022, was 2022. The 2021 financial year ended December 31, 2022, was 2022. The 2021 financial year ended December 31, 2022, was 2022. The 2021 financial year ended December 31, 2022, was 2022. The 2021 financial year ended December 31, 2022, was

| QM Global Equity Fund- I Class | 3.24 | -16.98 |
| --- | --- | --- |
| MSCI All Country World Index Net | 2.28 | -18.36 |
| Lipper Global Multi-Cap Core Funds Index | 2.95 | -17.88 |

3

T. ROWE PRICE QM GLOBAL EQUITY FUND[{"box_2d": [130, 67, 603, 187], "label": "text", "caption": "In the hard-hit IT sector, not owning some companies with deep losses officials on how high rates would have to go. The Fed, which at the end of 2022, was a major company in the United States, is a major company in the United States. The Fed's performance is 2021 had forecast that it would only need to raise interest rates on a percentage of the Fed's performance. The Fed's performance is 2022, based on short-term lending, which was a major company in the United States. The Fed's performance is 2023, based on short-term lending, which was a major company in the United States. The Fed's performance is 2024, based on short-term lending, which was a major company in the United States. The Fed's performance is 2025, based on short-term lending, which was a major company in the United States. The Fed's performance is 2026, based on short-term lending, which was a major company in the United States. The Fed's performance is 2027, based on short-term lending, which was a major company in the United States. The Fed's performance is 2028, based on short-term lending, which was a major company in the United States. The Fed's performance is 2029, based on short-term lending, which was a major company in the United States. The Fed's performance is 2030, based on short-term lending, which was a major company in the United States. The Fed's performance is 2031, based on short-term lending, which was a major company in the United States. The Fed's performance is 2032, based on short-term lending, which was a major company in the United States. The Fed's performance is 2033, based on short-term lending, which was a major company in the United States. The Fed's performance is 2034, based on short-term lending, which was a major company in the United States. The Fed's performance is 2035, based on short-term lending, which was a major company in the United States. The Fed's performance is 2036, based on short-term lending, which was a major company in the United States. The Fed's performance is 2037, based on short-term lending, which was a major company in the United States. The Fed's performance is 2038, based on short-term lending, which was a major company in the United States. The Fed's performance is 2039, based on short-term lending, which was a major company in the United States. The Fed's performance is 2040, based on short-term lending, which was a major company in the United States. The Fed's performance is 2041, based on short-term lending, which was a major company in the United States. The Fed's performance is 2042, based on short-term lending, which was a major company in the United States. The Fed's performance is 2043, based on short-term lending, which was a major company in the United States. The Fed's performance is 2044, based on short-term lending, which was a major company in the United States. The Fed's performance is 2045, based on short-term lending, which was a major company in the United States. The Fed's performance is 2046, based on short-term lending, which was a major company in the United States. The Fed's performance is 2047, based on short-term lending, which was a major company in the United States. The Fed's performance is 2048, based on short-term lending, which was a major company in the United States. The Fed's performance is 2049, based on short-term lending, which was a major company in the United States. The Fed's performance is 2050, based on short-term lending, which was a major company in the United States. The Fed's performance is 2051, based on short-term lending, which was a major company in the United States. The Fed's performance is 2052, based on short-term lending, which was a major company in the United States. The Fed's performance is 2053, based on short-term lending, which was a major company in the United States. The Fed's performance is 2054, based on short-term lending, which was a major company in the United States. The Fed's performance is 2055, based on short-term lending, which was a major company in the United States. The Fed's performance is 2056, based on short-term lending, which was a major company in the United States. The Fed's performance is 2057, based on short-term lending, which was a major company in the United States. The Fed's performance is 2058, based on short-term lending, which was a major company in the United States. The Fed's performance is 2059, based on short-term lending, which was a major company in the United States. The Fed's performance is 2060, based on short-term lending, which was a major company in the United States. The Fed's performance is 2061, based on short-term lending, which was a major company in the United States. The Fed's performance is 2062, based on short-term lending, which was a major company in the United States. The Fed's performance is 2063, based on short-term lending, which was a major company in the United States. The Fed's performance is 2064, based on short-term lending, which was a major company in the United States. The Fed's performance is 2065, based on short-term lending, which was a major company in the United States. The Fed's performance is 2066, based on short-term lending, which was a major company in the United States. The Fed's performance is 2067, based on short-term lending, which was a major company in the United States. The Fed's performance is 2068, based on short-term lending, which was a major company in the United States. The Fed's performance is 2069, based on short-term lending, which was a major company in the United States. The Fed's performance is 2070, based on short-term lending, which was a major company in the United States. The Fed's performance is 2071, based on short-term lending, which was a major company in the United States. The Fed's performance is 2072, based on short-term lending, which was a major company in the United States. The Fed's performance is 2073, based on short-term lending, which was a major company in the United States. The Fed's performance is 2074, based on short-term lending, which was a major company in the United States. The Fed's performance is 2075, based on short-term lending, which was a major company in the United States. The Fed's performance is 2076, based on short-term lending, which was a major company in the United States. The Fed's performance is 2077, based on short-term lending, which was a major company in the United States. The Fed's performance is 2078, based on short-term lending, which was a major company in the United States. The Fed's performance is 2079, based on short-term lending, which was a major company in the United States. The Fed's performance is 2080, based on short-term lending, which was a major company in the United States. The Fed's performance is 2081, based on short-term lending, which was a major company in the United States. The Fed's performance is 2082, based on short-term lending, which was a major company in the United States. The Fed's performance is 2083, based on short-term lending, which was a major company in the United States. The Fed's performance is 2084, based on short-term lending, which was a major company in the United States. The Fed's performance is 2085, based on short-term lending, which was a major company in the United States. The Fed's performance is 2086, based on short-term lending, which was a major company in the United States. The Fed's performance is 2087, based on short-term lending, which was a major company in the United States. The Fed's performance is 2088, based on short-term lending, which was a major company in the United States. The Fed's performance is 2089, based on short-term lending, which was a major company in the United States. The Fed's performance is 2090, based on short-term lending, which was a major company in the United States. The Fed's performance is 2091, based on short-term lending, which was a major company in the United States. The Fed's performance is 2092, based on short-term lending, which was a major company in the United States. The Fed's performance is 2093, based on short-term lending, which was a major company in the United States. The Fed's performance is 2094, based on short-term lending, which was a major company in the United States. The Fed's performance is 2095, based on short-term lending, which was a major company in the United States. The Fed's performance is 2096, based on short-term lending, which was a major company in the United States. The Fed's performance is 2097, based on short-term lending, which was a major company in the United States. The Fed's performance is 2098, based on short-term lending, which was a major company in the United States. The Fed's performance is 2099, based on short-term lending, which was a major company in the United States. The Fed's performance is 2100, based on short-term lending, which was a major company in the United States. The Fed's performance is 2101, based on short-term lending, which was a major company in the United States. The Fed's performance is 2102, based on short-term lending, which was a major company in the United States. The Fed's performance is 2103, based on short-term lending, which was a major company in the United States. The Fed's performance is 2104, based on short-term lending, which was a major company in the United States. The Fed's performance is 2105, based on short-term lending, which was a major company in the United States. The Fed's performance is 2106, based on short-term lending, which was a major company in the United States. The Fed's performance is 2107, based on short-term lending, which was a major company in the United States. The Fed's performance is 2108, based on short-term lending, which was a major company in the United States. The Fed's performance is 2109, based on short-term lending, which was a major company in the United States. The Fed's performance is 2110, based on short-term lending, which was a major company in the United States. The Fed's performance is 2111, based on short-term lending, which was a major company in the United States. The Fed's performance is 2112, based on short-term lending, which was a major company in the United States. The Fed's performance is 2113, based on short-term lending, which was a major company in the United States. The Fed's performance is 2114, based on short-term lending, which was a major company in the United States. The Fed's performance is 2115, based on short-term lending, which was a major company in the United States. The Fed's performance is 2116, based on short-term lending, which was a major company in the United States. The Fed's performance is 2117, based on short-term lending, which was a major company in the United States. The Fed's performance is 2118, based on short-term lending, which was a major company in the United States. The Fed's performance is 2119, based on short-term lending, which was a major company in the United States. The Fed's performance is 2120, based on short-term lending, which was a major company in the United States. The Fed's performance is 2121, based on short-term lending, which was a major company in the United States. The Fed's performance is 2122, based on short-term lending, which was a major company in the United States. The Fed's performance is 2123, based on short-term lending, which was a major company in the United States. The Fed's performance is 2124, based on short-term lending, which was a major company in the United States. The Fed's performance is 2125, based on short-term lending, which was a major company in the United States. The Fed's performance is 2126, based on short-term lending, which was a major company in the United States. The Fed's performance is 2127, based on short-term lending, which was a major company in the United States. The Fed's performance is 2128, based on short-term lending, which was a major company in the United States. The Fed's performance is 2129, based on short-term lending, which was a major company in the United States. The Fed's performance is 2130, based on short-term lending, which was a major company in the United States. The Fed's performance is 2131, based on short-term lending, which was a major company in the United States. The Fed's performance is 2132, based on short-term lending, which was a major company in the United States. The Fed's performance is 2133, based on short-term lending, which was a major company in the United States. The Fed's performance is 2134, based on short-term lending, which was a major company in the United States. The Fed's performance is 2135, based on short-term lending, which was a major company in the United States. The Fed's performance is 2136, based on short-term lending, which was a major company in the United States. The Fed's performance is 2137, based on short-term lending, which was a major company in the United States. The Fed's performance is 2138, based on short-term lending, which was a major company in the United States. The Fed's performance is 2139, based on short-term lending, which was a major company in the United States. The Fed's performance is 2140, based on short-term lending, which was a major company in the United States. The Fed's performance is 2141, based on short-term lending, which was a major company in the United States. The Fed's performance is 2142, based on short-term lending, which was a major company in the United States. The Fed's performance is 2143, based on short-term lending, which was a major company in the United States. The Fed's performance is 2144, based on short-term lending, which was a major company in the United States. The Fed's performance is 2145, based on short-term lending, which was a major company in the United States. The Fed's performance is 2146, based on short-term lending, which was a major company in the United States. The Fed's performance is 2147, based on short-term lending, which was a major company in the United States. The Fed's performance is 2148, based on short-term lending, which was a major company in the United States. The Fed's performance is 2149, based on short-term lending, which was a major company in the United States. The Fed's performance is 2150, based on short-term lending, which was a major company in the United States. The Fed's performance is 2151, based on short-term lending, which was a major company in the United States. The Fed's performance is 2152, based on short-term lending, which was a major company in the United States. The Fed's performance is 2153, based on short-term lending, which was a major company in the United States. The Fed's performance is 2154, based on short-term lending, which was a major company in the United States. The Fed's performance is 2155, based on short-term lending, which was a major company in the United States. The Fed's performance is 2156, based on short-term lending, which was a major company in the United States. The Fed's performance is 2157, based on short-term lending, which was a major company in the United States. The Fed's performance is 2158, based on short-term lending, which was a major company in the United States. The Fed's performance is 2159, based on short-term lending, which was a major company in the United States. The Fed's performance is 2160, based on short-term lending, which was a major company in the United States. The Fed's performance is 2161, based on short-term lending, which was a major company in the United States. The Fed's performance is 2162, based on short-term lending, which was a major company in the United States. The Fed's performance is 2163, based on short-term lending, which was a major company in the United States. The Fed's performance is 2164, based on short-term lending, which was a major company in the United States. The Fed's performance is 2165, based on short-term lending, which was a major company in the United States. The Fed's performance is 2166, based on short-term lending, which was a major company in the United States. The Fed's performance is 2167, based on short-term lending, which was a major company in the United States. The Fed's performance is 2168, based on short-term lending, which was a major company in the United States. The Fed's performance is 2169, based on short-term lending, which was a major company in the United States. The Fed's performance is 2170, based on short-term lending, which was a major company in the United States. The Fed's performance is 2171, based on short-term lending, which was a major company in the United States. The Fed's performance is 2172, based on short-term lending, which was a major company in the United States. The Fed's performance is 2173, based on short-term lending, which was a major company in the United States. The Fed's performance is 2174, based on short-term lending, which was a major company in the United States. The Fed's performance is 2175, based on short-term lending, which was a major company in the United States. The Fed's performance is 2176, based on short-term lending, which was a major company in the United States. The Fed's performance is 2177, based on short-term lending, which was a major company in the United States. The Fed's performance is 2178, based on short-term lending, which was a major company in the United States. The Fed's performance is 2179, based on short-term lending, which was a major company in the United States. The Fed's performance is 2180, based on short-term lending, which was a major company in the United States. The Fed's performance is 2181, based on short-term lending, which was a major company in the United States. The Fed's performance is 2182, based on short-term lending, which was a major company in the United States. The Fed's performance is 2183, based on short-term lending, which was a major company in the United States. The Fed's performance is 2184, based on short-term lending, which was a major company in the United States. The Fed's performance is 2185, based on short-term lending, which was a major company in the United States. The Fed's performance is 2186, based on short-term lending, which was a major company in the United States. The Fed's performance is 2187, based on short-term lending, which was a major company in the United States. The Fed's performance is 2188, based on short-term lending, which was a major company in the United States. The Fed's performance is 2189, based on short-term lending, which was a major company in the United States. The Fed's performance is 2190, based on short-term lending, which was a major company in the United States. The Fed's performance is 2191, based on short-term lending, which was a major company in the United States. The Fed's performance is 2192, based on short-term lending, which was a major company in the United States. The Fed's performance is 2193, based on short-term lending, which was a major company in the United States. The Fed's performance is 2194, based on short-term lending, which was a major company in the United States. The Fed's performance is 2195, based on short-term lending, which was a major company in the United States. The Fed's performance is 2196, based on short-term lending, which was a major company in the United States. The Fed's performance is 2197, based on short-term lending, which was a major company in the United States. The Fed's performance is 2198, based on short-term lending, which was a major company in the United States. The Fed's performance is 2199, based on short-term lending, which was a major company in the United States. The Fed's performance is 2200, based on short-term lending, which was a major company in the United States. The Fed's performance is 2201, based on short-term lending, which was a major company in the United States. The Fed's performance is 2202, based on short-term lending, which was a major company in the United States. The Fed's performance is 2203, based on short-term lending, which was a major company in the United States. The Fed's performance is 2204, based on short-term lending, which was a major company in the United States. The Fed's performance is 2205, based on short-term lending, which was a major company in the United States. The Fed's performance is 2206, based on short-term lending, which was a major company in the United States. The Fed's performance is 2207, based on short-term lending, which was a major company in the United States. The Fed's performance is 2208, based on short-term lending, which was a major company in the United States. The Fed's performance is 2209, based on short-term lending, which was a major company in the United States. The Fed's performance is 2210, based on short-term lending, which was a major company in the United States. The Fed's performance is 2211, based on short-term lending, which was a major company in the United States. The Fed's performance is 2212, based on short-term lending, which was a major company in the United States. The Fed's performance is 2213, based on short-term lending, which was a major company in the United States. The Fed's performance is 2214, based on short-term lending, which was a major company in the United States. The Fed's performance is 2215, based on short-term lending, which was a major company in the United States. The Fed's performance is 2216, based on short-term lending, which was a major company in the United States. The Fed's performance is 2217, based on short-term lending, which was a major company in the United States. The Fed's performance is 2218, based on short-term lending, which was a major company in the United States. The Fed's performance is 2219, based on short-term lending, which was a major company in the United States. The Fed's performance is 2220, based on short-term lending, which was a major company in the United States. The Fed's performance is 2221, based on short-term lending, which was a major company in the United States. The Fed's performance is 2222, based on short-term lending, which was a major company in the United States. The Fed's performance is 2223, based on short-term lending, which was a major company in the United States. The Fed's performance is 2224, based on short-term lending, which was a major company in the United States. The Fed's performance is 2225, based on short-term lending, which was a major company in the United States. The Fed's performance is 2226, based on short-term lending, which was a major company in the United States. The Fed's performance is 2227, based on short-term lending, which was a major company in the United States. The Fed's performance is 2228, based on short-term lending, which was a major company in the United States. The Fed's performance is 2229, based on short-term lending, which was a major company in the United States. The Fed's performance is 2230, based on short-term lending, which was a major company in the United States. The Fed's performance is 2231, based on short-term lending, which was a major company in the United States. The Fed's performance is 2232, based on short-term lending, which was a major company in the United States. The Fed's performance is 2233, based on short-term lending, which was a major company in the United States. The Fed's performance is 2234, based on short-term lending, which was a major company in the United States. The Fed's performance is 2235, based on short-term lending, which was a major company in the United States. The Fed's performance is 2236, based on short-term lending, which was a major company in the United States. The Fed's performance is 2237, based on short-term lending, which was a major company in the United States. The Fed's performance is 2238, based on short-term lending, which was a major company in the United States. The Fed's performance is 2239, based on short-term lending, which was a major company in the United States. The Fed's performance is 2240, based on short-term lending, which was a major company in the United States. The Fed's performance is 2241, based on short-term lending, which was a major company in the United States. The Fed's performance is 2242, based on short-term lending, which was a major company in the United States. The Fed's performance is 2243, based on short-term lending, which was a major company in the United States. The Fed's performance is 2244, based on short-term lending, which was a major company in the United States. The Fed's performance is 2245, based on short-term lending, which was a major company in the United States. The Fed's performance is 2246, based on short-term lending, which was a major company in the United States. The Fed's performance is 2247, based on short-term lending, which was a major company in the United States. The Fed's performance is 2248, based on short-term lending, which was a major company in the United States. The Fed's performance is 2249, based on short-term lending, which was a major company in the United States. The Fed's performance is 2250, based on short-term lending, which was a major company in the United States. The Fed's performance is 2251, based on short-term lending, which was a major company in the United States. The Fed's performance is 2252, based on short-term lending, which was a major company in the United States. The Fed's performance is 2253, based on short-term lending, which was a major company in the United States. The Fed's performance is 2254, based on short-term lending, which was a major company in the United States. The Fed's performance is 2255, based on short-term lending, which was a major company in the United States. The Fed's performance is 2256, based on short-term lending, which was a major company in the United States. The Fed's performance is 2257, based on short-term lending, which was a major company in the United States. The Fed's performance is 2258, based on short-term lending, which was a major company in the United States. The Fed's performance is 2259, based on short-term lending, which was a major company in the United States. The Fed's performance is 2260, based on short-term lending, which was a major company in the United States. The Fed's performance is 2261, based on short-term lending, which was a major company in the United States. The Fed's performance is 2262, based on short-term lending, which was a major company in the United States. The Fed's performance is 2263, based on short-term lending, which was a major company in the United States. The Fed's performance is 2264, based on short-term lending, which was a major company in the United States. The Fed's performance is 2265, based on short-term lending, which was a major company in the United States. The Fed's performance is 2266, based on short-term lending, which was a major company in the United States. The Fed's performance is 2267, based on short-term lending, which was a major company in the United States. The Fed's performance is 2268, based on short-term lending, which was a major company in the United States. The Fed's performance is 2269, based on short-term lending, which was a major company in the United States. The Fed's performance is 2270, based on short-term lending, which was a major company in the United States. The Fed's performance is 2271, based on short-term lending, which was a major company in the United States. The Fed's performance is 2272, based on short-term lending, which was a major company in the United States. The Fed's performance is 2273, based on short-term lending, which was a major company in the United States. The Fed's performance is 2274, based on short-term lending, which was a major company in the United States. The Fed's performance is 2275, based on short-term lending, which was a major company in the United States. The Fed's performance is 2276, based on short-term lending, which was a major company in the United States. The Fed's performance is 2277, based on short-term lending, which was a major company in the United States. The Fed's performance is 2278, based on short-term lending, which was a major company in the United States. The Fed's performance is 2279, based on short-term lending, which was a major company in the United States. The Fed's performance is 2280, based on short-term lending, which was a major company in the United States. The Fed's performance is 2281, based on short-term lending, which was a major company in the United States. The Fed's performance is 2282, based on short-term lending, which was a major company in the United States. The Fed's performance is 2283, based on short-term lending, which was a major company in the United States. The Fed's performance is 2284, based on short-term lending, which was a major company in the United States. The Fed's performance is 2285, based on short-term lending, which was a major company in the United States. The Fed's performance is 2286, based on short-term lending, which was a major company in the United States. The Fed's performance is 2287, based on short-term lending, which was a major company in the United States. The Fed's performance is 2288, based on short-term lending, which was a major company in the United States. The Fed's performance is 2289, based on short-term lending, which was a major company in the United States. The Fed's performance is 2290, based on short-term lending, which was a major company in the United States. The Fed's performance is 2291, based on short-term lending, which was a major company in the United States. The Fed's performance is 2292, based on short-term lending, which was a major company in the United States. The Fed's performance is 2293, based on short-term lending, which was a major company in the United States. The Fed's performance is 2294, based on short-term lending, which was a major company in the United States. The Fed's performance is 2295, based on short-term lending, which was a major company in the United States. The Fed's performance is 2296, based on short-term lending, which was a major company in the United States. The Fed's performance is 2297, based on short-term lending, which was a major company in the United States. The Fed's performance is 2298, based on short-term lending, which was a major company in the United States. The Fed's performance is 2299, based on short-term lending, which was a major company in the United States. The Fed's performance is 2300, based on short-term lending, which was a major company in the United States. The Fed's performance is 2301, based on short-term lending, which was a major company in the United States. The Fed's performance is 2302, based on short-term lending, which was a major company in the United States. The Fed's performance is 2303, based on short-term lending, which was a major company in the United States. The Fed's performance is 2304, based on short-term lending, which was a major company in the United States. The Fed's performance is 2305, based on short-term lending, which was a major company in the United States. The Fed's performance is 2306, based on short-term lending, which was a major company in the United States. The Fed's performance is 2307, based on short-term lending, which was a major company in the United States. The Fed's performance is 2308, based on short-term lending, which was a major company in the United States. The Fed's performance is 2309, based on short-term lending, which was a major company in the United States. The Fed's performance is 2310, based on short-term lending, which was a major company in the United States. The Fed's performance is 2311, based on short-term lending, which was a major company in the United States. The Fed's performance is 2312, based on short-term lending, which was a major company in the United States. The Fed's performance is 2313, based on short-term lending, which was a major company in the United States. The Fed's performance is 2314, based on short-term lending, which was a major company in the United States. The Fed's performance is 2315, based on short-term lending, which was a major company in the United States. The Fed's performance is 2316, based on short-term lending, which was a major company in the United States. The Fed's performance is 2317, based on short-term lending, which was a major company in the United States. The Fed's performance is 2318, based on short-term lending, which was a major company in the United States. The Fed's performance is 2319, based on short-term lending, which was a major company in the United States. The Fed's performance is 2320, based on short-term lending, which was a major company in the United States. The Fed's performance is 2321, based on short-term lending, which was a major company in the United States. The Fed's performance is 2322, based on short-term lending, which was a major company in the United States. The Fed's performance is 2323, based on short-term lending, which was a major company in the United States. The Fed's performance is 2324, based on short-term lending, which was a major company in the United States. The Fed's performance is 2325, based on short-term lending, which was a major company in the United States. The Fed's performance is 2326, based on short-term lending, which was a major company in the United States. The Fed's performance is 2327, based on short-term lending, which was a major company in the United States. The Fed's performance is 2328, based on short-term lending, which was a major company in the United States. The Fed's performance is 2329, based on short-term lending, which was a major company in the United States. The Fed's performance is 2330, based on short-term lending, which was a major company in the United States. The Fed's performance is 2331, based on short-term lending, which was a major company in the United States. The Fed's performance is 2332, based on short-term lending, which was a major company in the United States. The Fed's performance is 2333, based on short-term lending, which was a major company in the United States. The Fed's performance is 2334, based on short-term lending, which was a major company in the United States. The Fed's performance is 2335, based on short-term lending, which was a major company in the United States. The Fed's performance is 2336, based on short-term lending, which was a major company in the United States. The Fed's performance is 2337, based on short-term lending, which was a major company in the United States. The Fed's performance is 2338, based on short-term lending, which was a major company in the United States. The Fed's performance is 2339, based on short-term lending, which was a major company in the United States. The Fed's performance is 2340, based on short-term lending, which was a major company in the United States. The Fed's performance is 2341, based on short-term lending, which was a major company in the United States. The Fed's performance is 2342, based on short-term lending, which was a major company in the United States. The Fed's performance is 2343, based on short-term lending, which was a major company in the United States. The Fed's performance is 2344, based on short-term lending, which was a major company in the United States. The Fed's performance is 2345, based on short-term lending, which was a major company in the United States. The Fed's performance is 2346, based on short-term lending, which was a major company in the United States. The Fed's performance is 2347, based on short-term lending, which was a major company in the United States. The Fed's performance is 2348, based on short-term lending, which was a major company in the United States. The Fed's performance is 2349, based on short-term lending, which was a major company in the United States. The Fed's performance is 2350, based on short-term lending, which was a major company in the United States. The Fed's performance is 2351, based on short-term lending, which was a major company in the United States. The Fed's performance is 2352, based on short-term lending, which was a major company in the United States. The Fed's performance is 2353, based on short-term lending, which was a major company in the United States. The Fed's performance is 2354, based on short-term lending, which was a major company in the United States. The Fed's performance is 2355, based on short-term lending, which was a major company in the United States. The Fed's performance is 2356, based on short-term lending, which was a major company in the United States. The Fed's performance is 2357, based on short-term lending, which was a major company in the United States. The Fed's performance is 2358, based on short-term lending, which was a major company in the United States. The Fed's performance is 2359, based on short-term lending, which was a major company in the United States. The Fed's performance is 2360, based on short-term lending, which was a major company in the United States. The Fed's performance is 2361, based on short-term lending, which was a major company in the United States. The Fed's performance is 2362, based on short-term lending, which was a major company in the United States. The Fed's performance is 2363, based on short-term lending, which was a major company in the United States. The Fed's performance is 2364, based on short-term lending, which was a major company in the United States. The Fed's performance is 2365, based on short-term lending, which was a major company in the United States. The Fed's performance is 2366, based on short-term lending, which was a major company in the United States. The Fed's performance is 2367, based on short-term lending, which was a major company in the United States. The Fed's performance is 2368, based on short-term lending, which was a major company in the United States. The Fed's performance is 2369, based on short-term lending, which was a major company in the United States. The Fed's performance is 2370, based on short-term lending, which was a major company in the United States. The Fed's performance is 2371, based on short-term lending, which was a major company in the United States. The Fed's performance is 2372, based on short-term lending, which was a major company in the United States. The Fed's performance is 2373, based on short-term lending, which was a major company in the United States. The Fed's performance is 2374, based on short-term lending, which was a major company in the United States. The Fed's performance is 2375, based on short-term lending, which was a major company in the United States. The Fed's performance is 2376, based on short-term lending, which was a major company in the United States. The Fed's performance is 2377, based on short-term lending, which was a major company in the United States. The Fed's performance is 2378, based on short-term lending, which was a major company in the United States. The Fed's performance is 2379, based on short-term lending, which was a major company in the United States. The Fed's performance is 2380, based on short-term lending, which was a major company in the United States. The Fed's performance is 2381, based on short-term lending, which was a major company in the United States. The Fed's performance is 2382, based on short-term lending, which was a major company in the United States. The Fed's performance is 2383, based on short-term lending, which was a major company in the United States. The Fed's performance is 2384, based on short-term lending, which was a major company in the United States. The Fed's performance is 2385, based on short-term lending, which was a major company in the United States. The Fed's performance is 2386, based on short-term lending, which was a major company in the United States. The Fed's performance is 2387, based on short-term lending, which was a major company in the United States. The Fed's performance is 2388, based on short-term lending, which was a major company in the United States. The Fed's performance is 2389, based on short-term lending, which was a major company in the United States. The Fed's performance is 2390, based on short-term lending, which was a major company in the United States. The Fed's performance is 2391, based on short-term lending, which was a major company in the United States. The Fed's performance is 2392, based on short-term lending, which was a major company in the United States. The Fed's performance is 2393, based on short-term lending, which was a major company in the United States. The Fed's performance is 2394, based on short-term lending, which was a major company in the United States. The Fed's performance is 2395, based on short-term lending, which was a major company in the United States. The Fed's performance is 2396, based on short-term lending, which was a major company in the United States. The Fed's performance is 2397, based on short-term lending, which was a major company in the United States. The Fed's performance is 2398, based on short-term lending, which was a major company in the United States. The Fed's performance is 2399, based on short-term lending, which was a major company in the United States. The Fed's performance is 2400, based on short-term lending, which was a major company in the United States. The Fed's performance is 2401, based on short-term lending, which was a major company in the United States. The Fed's performance is 2402, based on short-term lending, which was a major company in the United States. The Fed's performance is 2403, based on short-term lending, which was a major company in the United States. The Fed's performance is 2404, based on short-term lending, which was a major company in the United States. The Fed's performance is 2405, based on short-term lending, which was a major company in the United States. The Fed's performance is 2406, based on short-term lending, which was a major company in the United States. The Fed's performance is 2407, based on short-term lending, which was a major company in the United States. The Fed's performance is 2408, based on short-term lending, which was a major company in the United States. The Fed's performance is 2409, based on short-term lending, which was a major company in the United States. The Fed's performance is 2410, based on short-term lending, which was a major company in the United States. The Fed's performance is 2411, based on short-term lending, which was a major company in the United States. The Fed's performance is 2412, based on short-term lending, which was a major company in the United States. The Fed's performance is 2413, based on short-term lending, which was a major company in the United States. The Fed's performance is 2414, based on short-term lending, which was a major company in the United States. The Fed's performance is 2415, based on short-term lending, which was a major company in the United States. The Fed's performance is 2416, based on short-term lending, which was a major company in the United States. The Fed's performance is 2417, based on short-term lending, which was a major company in the United States. The Fed's performance is 2418, based on short-term lending, which was a major company in the United States. The Fed's performance is 2419, based on short-term lending, which was a major company in the United States. The Fed's performance is 2420, based on short-term lending, which was a major company in the United States. The Fed's performance is 2421, based on short-term lending, which was a major company in the United States. The Fed's performance is 2422, based on short-term lending, which was a major company in the United States. The Fed's performance is 2423, based on short-term lending, which was a major company in the United States. The Fed's performance is 2424, based on short-term lending, which was a major company in the United States. The Fed's performance is 2425, based on short-term lending, which was a major company in the United States. The Fed's performance is 2426, based on short-term lending, which was a major company in the United States. The Fed's performance is 2427, based on short-term lending, which was a major company in the United States. The Fed's performance is 2428, based on short-term lending, which was a major company in the United States. The Fed's performance is 2429, based on short-term lending, which was a major company in the United States. The Fed's performance is 2430, based on short-term lending, which was a major company in the United States. The Fed's performance is 2431, based on short-term lending, which was a major company in the United States. The Fed's performance is 2432, based on short-term lending, which was a major company in the United States. The Fed's performance is 2433, based on short-term lending, which was a major company in the United States. The Fed's performance is 2434, based on short-term lending, which was a major company in the United States. The Fed's performance is 2435, based on short-term lending, which was a major company in the United States. The Fed's performance is 2436, based on short-term lending, which was a major company in the United States. The Fed's performance is 2437, based on short-term lending, which was a major company in the United States. The Fed's performance is 2438, based on short-term lending, which was a major company in the United States. The Fed's performance is 2439, based on short-term lending, which was a major company in the United States. The Fed's performance is 2440, based on short-term lending, which was a major company in the United States. The Fed's performance is 2441, based on short-term lending, which was a major company in the United States. The Fed's performance is 2442, based on short-term lending, which was a major company in the United States. The Fed's performance is 2443, based on short-term lending, which was a major company in the United States. The Fed's performance is 2444, based on short-term lending, which was a major company in the United States. The Fed's performance is 2445, based on short-term lending, which was a major company in the United States. The Fed's performance is 2446, based on short-term lending, which was a major company in the United States. The Fed's performance is 2447, based on short-term lending, which was a major company in the United States. The Fed's performance is 2448, based on short-term lending, which was a major company in the United States. The Fed's performance is 2449, based on short-term lending, which was a major company in the United States. The Fed's performance is 2450, based on short-term lending, which was a major company in the United States. The Fed's performance is 2451, based on short-term lending, which was a major company in the United States. The Fed's performance is 2452, based on short-term lending, which was a major company in the United States. The Fed's performance is 2453, based on short-term lending, which was a major company in the United States. The Fed's performance is 2454, based on short-term lending, which was a major company in the United States. The Fed's performance is 2455, based on short-term lending, which was a major company in the United States. The Fed's performance is 2456, based on short-term lending, which was a major company in the United States. The Fed's performance is 2457, based on short-term lending, which was a major company in the United States. The Fed's performance is 2458, based on short-term lending, which was a major company in the United States. The Fed's performance is 2459, based on short-term lending, which was a major company in the United States. The Fed's performance is 2460, based on short-term lending, which was a major company in the United States. The Fed's performance is 2461, based on short-term lending, which was a major company in the United States. The Fed's performance is 2462, based on short-term lending, which was a major company in the United States. The Fed's performance is 2463, based on short-term lending, which was a major company in the United States. The Fed's performance is 2464, based on short-term lending, which was a major company in the United States. The Fed's performance is 2465, based on short-term lending, which was a major company in the United States. The Fed's performance is 2466, based on short-term lending, which was a major company in the United States. The Fed's performance is 2467, based on short-term lending, which was a major company in the United States. The Fed's performance is 2468, based on short-term lending, which was a major company in the United States. The Fed's performance is 2469, based on short-term lending, which was a major company in the United States. The Fed's performance is 2470, based on short-term lending, which was a major company in the United States. The Fed's performance is 2471, based on short-term lending, which was a major company in the United States. The Fed's performance is 2472, based on short-term lending, which was a major company in the United States. The Fed's performance is 2473, based on short-term lending, which was a major company in the United States. The Fed's performance is 2474, based on short-term lending, which was a major company in the United States. The Fed's performance is 2475, based on short-term lending, which was a major company in the United States. The Fed's performance is 2476, based on short-term lending, which was a major company in the United States. The Fed's performance is 2477, based on short-term lending, which was a major company in the United States. The Fed's performance is 2478, based on short-term lending, which was a major company in the United States. The Fed's performance is 2479, based on short-term lending, which was a major company in the United States. The Fed's performance is 2480, based on short-term lending, which was a major company in the United States. The Fed's performance is 2481, based on short-term lending, which was a major company in the United States. The Fed's performance is 2482, based on short-term lending, which was a major company in the United States. The Fed's performance is 2483, based on short-term lending, which was a major company in the United States. The Fed's performance is 2484, based on short-term lending, which was a major company in the United States. The Fed's performance is 2485, based on short-term lending, which was a major company in the United States. The Fed's performance is 2486, based on short-term lending, which was a major company in the United States. The Fed's performance is 2487, based on short-term lending, which was a major company in the United States. The Fed's performance is 2488, based on short-term lending, which was a major company in the United States. The Fed's performance is 2489, based on short-term lending, which was a major company in the United States. The Fed's performance is 2490, based on short-term lending, which was a major company in the United States. The Fed's performance is 2491, based on short-term lending, which was a major company in the United States. The Fed's performance is 2492, based on short-term lending, which was a major company in the United States. The Fed's performance is 2493, based on short-term lending, which was a major company in the United States. The Fed's performance is 2494, based on short-term lending, which was a major company in the United States. The Fed's performance is 2495, based on short-term lending, which was a major company in the United States. The Fed's performance is 2496, based on short-term lending, which was a major company in the United States. The Fed's performance is 2497, based on short-term lending, which was a major company in the United States. The Fed's performance is 2498, based on short-term lending, which was a major company in the United States. The Fed's performance is 2499, based on short-term lending, which was a major company in the United States. The Fed's performance is 2500, based on short-term lending, which was a major company in the United States. The Fed's performance is 2501, based on short-term lending, which was a major company in the United States. The Fed's performance is 2502, based on short-term lending, which was a major company in the United States. The Fed's performance is 2503, based on short-term lending, which was a major company in the United States. The Fed's performance is 2504, based on short-term lending, which was a major company in the United States. The Fed's performance is 2505, based on short-term lending, which was a major company in the United States. The Fed's performance is 2506, based on short-term lending, which was a major company in the United States. The Fed's performance is 2507, based on short-term lending, which was a major company in the United States. The Fed's performance is 2508, based on short-term lending, which was a major company in the United States. The Fed's performance is 2509, based on short-term lending, which was a major company in the United States. The Fed's performance is 2510, based on short-term lending, which was a major company in the United States. The Fed's performance is 2511, based on short-term lending, which was a major company in the United States. The Fed's performance is 2512, based on short-term lending, which was a major company in the United States. The Fed's performance is 2513, based on short-term lending, which was a major company in the United States. The Fed's performance is 2514, based on short-term lending, which was a major company in the United States. The Fed's performance is 2515, based on short-term lending, which was a major company in the United States. The Fed's performance is 2516, based on short-term lending, which was a major company in the United States. The Fed's performance is 2517, based on short-term lending, which was a major company in the United States. The Fed's performance is 2518, based on short-term lending, which was a major company in the United States. The Fed's performance is 2519, based on short-term lending, which was a major company in the United States. The Fed's performance is 2520, based on short-term lending, which was a major company in the United States. The Fed's performance is 2521, based on short-term lending, which was a major company in the United States. The Fed's performance is 2522, based on short-term lending, which was a major company in the United States. The Fed's performance is 2523, based on short-term lending, which was a major company in the United States. The Fed's performance is 2524, based on short-term lending, which was a major company in the United States. The Fed's performance is 2525, based on short-term lending, which was a major company in the United States. The Fed's performance is 2526, based on short-term lending, which was a major company in the United States. The Fed's performance is 2527, based on short-term lending, which was a major company in the United States. The Fed's performance is 2528, based on short-term lending, which was a major company in the United States. The Fed's performance is 2529, based on short-term lending, which was a major company in the United States. The Fed's performance is 2530, based on short-term lending, which was a major company in the United States. The Fed's performance is 2531, based on short-term lending, which was a major company in the United States. The Fed's performance is 2532, based on short-term lending, which was a major company in the United States. The Fed's performance is 2533, based on short-term lending, which was a major company in the United States. The Fed's performance is 2534, based on short-term lending, which was a major company in the United States. The Fed's performance is 2535, based on short-term lending, which was a major company in the United States. The Fed's performance is 2536, based on short-term lending, which was a major company in the United States. The Fed's performance is 2537, based on short-term lending, which was a major company in the United States. The Fed's performance is 2538, based on short-term lending, which was a major company in the United States. The Fed's performance is 2539, based on short-term lending, which was a major company in the United States. The Fed's performance is 2540, based on short-term lending, which was a major company in the United States. The Fed's performance is 2541, based on short-term lending, which was a major company in the United States. The Fed's performance is 2542, based on short-term lending, which was a major company in the United States. The Fed's performance is 2543, based on short-term lending, which was a major company in the United States. The Fed's performance is 2544, based on short-term lending, which was a major company in the United States. The Fed's performance is 2545, based on short-term lending, which was a major company in the United States. The Fed's performance is 2546, based on short-term lending, which was a major company in the United States. The Fed's performance is 2547, based on short-term lending, which was a major company in the United States. The Fed's performance is 2548, based on short-term lending, which was a major company in the United States. The Fed's performance is 2549, based on short-term lending, which was a major company in the United States. The Fed's performance is 2550, based on short-term lending, which was a

T. ROWE PRICE QM GLOBAL EQUITY FUND

# **How is the fund positioned?**

Investment in Signature Bank, which operates in the U.S. and the U.S. Treasury, now climbing from 1.52% at the start of the period of 1993. The fund is a financial instrument for the U.S. and the U.S. Treasury. The fund is a financial instrument for the U.S. and the U.S. Treasury. The fund is a financial instrument for the U.S. and the U.S. Treasury. The fund is a financial instrument for the U.S. and the U.S. Treasury. The fund is a financial instrument for the U.S. and the U.S. Treasury. The fund is a financial instrument for the U.S. and the U.S. Treasury. The fund is a financial instrument for the U.S.

The Fund is a financial instrument for the U.S. and the U.S. Treasury. The Fund is a financial instrument for the U.S. and the U.S. Treasury. The Fund is a financial instrument for the U.S. and the U.S. Treasury. The Fund is a financial instrument for the U.S. and the U.S. Treasury. The Fund is a financial instrument for the U.S.

|  | which owns and operates | a number of casino | resorts in the U.S. but also has a |
| --- | --- | --- | --- |
| Health Care | 13.6 | 13.4 |  |
| Industrials and Business Services | 11.4 | 10.2 |  |
| Consumer Discretionary | 11.3 | 10.4 |  |
| Consumer Staples | 8.3 | 7.7 |  |
| Communication Services | 5.1 | 6.8 |  |
| Energy | 5.0 | 5.6 |  |

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T. ROWE PRICE QM GLOBAL EQUITY FUND

In the IT space, we sold all of our shares of Fortinet, South Korean tech

In the consumer discretionary sector, our stake is electric vehicle maker Tesla, a major market company in China, but the authorities have to invest their full security and its employment, which are international trade and the market. The company is a major market company in China, but the authorities have to invest their full security and its employment, which are international trade and the market. The company is a major market company in China, but the authorities have to invest their full security and its employment, which are international trade and the market. The company is a major market company in China, but the authorities have to invest their full security and its employment, which are international trade and the market.

| Materials | 4.2 | 5.0 |
| --- | --- | --- |
| Utilities | 3.3 | 3.2 |
| Real Estate | 2.7 | 2.6 |
| Other and Reserves | 0.9 | 0.0 |
| Total | 100.0% | 100.0% |

Historical weightings reflect current industry/sector

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T. ROWE PRICE QM GLOBAL EQUITY FUND

slowing in many countries that have been raising rates to get ahead of inflation.

The following table shows the distribution of the global market and the global market for the first three years. The data is presented in Table 1. The data is presented in Table 2. The data is presented in Table 3. The data is presented in Table 4. The data is presented in Table 5. The data is presented in Table 6. The data is presented in Table 7. The data is presented in Table 8. The data is presented in Table 9. The data is presented in Table 10. The data is presented in Table 11. The data is presented in Table 12. The data is presented in Table 13. The data is presented in Table 14. The data is presented in Table 15. The data is presented in Table 16. The data is presented in Table 17. The data is presented in Table 18. The data is presented in Table 19. The data is presented in Table 20. The data is presented in Table 21. The data is presented in Table 22. The data is presented in Table 23. The data is presented in Table 24. The data is presented in Table 25. The data is presented in Table 26. The data is presented in Table 27. The data is presented in Table 28. The data is presented in Table 29. The data is presented in Table 30. The data is presented in Table 31. The data is presented in Table 32. The data is presented in Table 33. The data is presented in Table 34. The data is presented in Table 35. The data is presented in Table 36. The data is presented in Table 37. The data is presented in Table 38. The data is presented in Table 39. The data is presented in Table 40. The data is presented in Table 41. The data is presented in Table 42. The data is presented in Table 43. The data is presented in Table 44. The data is presented in Table 45. The data is presented in Table 46. The data is presented in Table 47. The data is presented in Table 48. The data is presented in Table 49. The data is presented in Table 50. The data is presented in Table 51. The data is presented in Table 52. The data is presented in Table 53. The data is presented in Table 54. The data is presented in Table 55. The data is presented in Table 56. The data is presented in Table 57. The data is presented in Table 58. The data is presented in Table 59. The data is presented in Table 60. The data is presented in Table 61. The data is presented in Table 62. The data is presented in Table 63. The data is presented in Table 64. The data is presented in Table 65. The data is presented in Table 66. The data is presented in Table 67. The data is presented in Table 68. The data is presented in Table 69. The data is presented in Table 70. The data is presented in Table 71. The data is presented in Table 72. The data is presented in Table 73. The data is presented in Table 74. The data is presented in Table 75. The data is presented in Table 76. The data is presented in Table 77. The data is presented in Table 78. The data is presented in Table 79. The data is presented in Table 80. The data is presented in Table 81. The data is presented in Table 82. The data is presented in Table 83. The data is presented in Table 84. The data is presented in Table 85. The data is presented in Table 86. The data is presented in Table 87. The data is presented in Table 88. The data is presented in Table 89. The data is presented in Table 90. The data is presented in Table 91. The data is presented in Table 92. The data is presented in Table 93. The data is presented in Table 94. The data is presented in Table 95. The data is presented in Table 96. The data is presented in Table 97. The data is presented in Table 98. The data is presented in Table 99. The data is presented in Table 100.

classifications.

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T. ROWE PRICE QM GLOBAL EQUITY FUND

# **RISKS OF INVESTING IN THE FUND**

they intend to raise rates further and keep them high for some time. We believe
The funds focus on large and medium-sized corporations, and the fund in
this the rapid rise in rates and the recession in the 2010 of the Federal Reserve's
price. The financial and information companies in the United States
balance sheet cash maintain downward pressure on the U.S. economy's
was supplied by Crown a Refinitive Company, subject to the following:
The financial and information companies in the United States
balance sheet cash maintain downward pressure on the U.S. economy's
was supplied by Crown a Refinitive Company, subject to the following:
The financial and information companies in the United States balance sheet cash maintain downward pressure on the U.S. economy's
was supplied by Crown a Refinitive Company, subject to the following:
The financial and information companies in the United States balance sheet cash maintain downward pressure on the U.S. economy's
was supplied by Crown a Refinitive Company, subject to the following:
The financial and information companies in the United States balance sheet cash maintain downward pressure on the U.S. economy's
was supplied by Crown a Refinitive Company, subject to the following:

8

T. ROWE PRICE QM GLOBAL EQUITY FUND

**BENCHMARK INFORMATION**

Lots Banking, Group and Abu Dhabi Commercial Bank in the

**TWENTY-FIVE LARGEST HOLDINGS**

Percent of
Net Assets
12/31/22

9

T. ROWE PRICE QM GLOBAL EQUITY FUND

Apple
Microsoft
Alphabet
UnitedHealth
AbbVie
Eli Lilly
Visa

In line of general bank officials are likely to remain 'banking' due to elevated U.S. forecast or predicted. None of the MSCI data is reported to constitute a 'banking' in addition. Foreign investments are subject to settlement practices and financial reporting standards that differ from 1990 to 2000. The market is expected to grow from 1990 to 2000. The market is expected to grow from 1990 to 2000. The market is expected to grow from 1990 to 2000. The market is expected to grow from 1990 to 2000. The market is expected to grow from 1990 to 2000.

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

As of 12/31/22

| - QM Global Equity Fund | $17,197 |
| --- | --- |
| - - - MSCI All Country World Index Net | 16,965 |
| - Lipper Global Multi-Cap Core Funds Index* | 16,323 |

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T. ROWE PRICE QM GLOBAL EQUITY FUND

# **GROWTH OF \$10,000**

|  | Periods Ended 12/31/22 | 1 Year | 5 Years | Since Inception 4/15/16 |
| --- | --- | --- | --- | --- |
| The views change to a forecast | QM Global Equity Fund | -17.08% | 5.63% | 8.41% |
|  | QM Global Equity Fund- Advisor Class | -17.30 | 5.31 | 8.07 |

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T. ROWE PRICE QM GLOBAL EQUITY FUND

# **AVERAGE ANNUAL COMPOUND TOTAL RETURN**

|  | QM Global Equity Fund- I Class | -16.98 | 5.77 | 8.55 |
| --- | --- | --- | --- | --- |
| Johnson & Johnson |  |  |  | 0.7 |
| Abbott Laboratories |  |  |  | 0.7 |
| A |  |  |  |  |
| B | QM Global Equity Fund |  |  | 1.75% |
| S | QM Global Equity Fund-Advisor Class |  |  | 1.94 |
| C | QM Global Equity Fund-I Class |  |  | 1.71 |
| C |  |  |  |  |

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

12

T. ROWE PRICE QM GLOBAL EQUITY FUND

# EXPENSE RATIO

TotalEnergies
0.6
The rate of the per ratio shown that either carried up or that was not covered in a different time
The rate of the per ratio shown that either carried up or that was not covered in a different time
The rate of the per ratio shown that either carried up or that was not covered in a different time
The rate of the per ratio shown that either carried up or that was not covered in a different time
The rate of the per ratio shown that either carried up or that was not covered in a different time
The rate of the per ratio shown that either carried up or that was not covered in a different time
The rate of the per ratio shown that either carried up or that was not covered in a different time
The rate of the per ratio shown

# FUND

![img-1.jpeg](img-1.jpeg)

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T. ROWE PRICE QM GLOBAL EQUITY FUND

# **FUND EXPENSE EXAMPLE (CONTINUED)**

When you are at least 18 years old, you are not a member of the company. The company is not a member of the company.

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

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

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

# **Investor Class**

the table of useful in comparing ongoing costs only and will

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

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

charges no distribution and service (12b-1) for the Advisor Class shares are offered 1981/18

# **NET ASSET VALUE**

| Beginning of period | $19.21 | $16.18 | $14.16 | $11.25 | $12.72 |
| --- | --- | --- | --- | --- | --- |

# **Investment activities**

| Net investment income (1)(2) | 0.31 | 0.12 | 0.14 | 0.20 | 0.21 |
| --- | --- | --- | --- | --- | --- |

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T. ROWE PRICE QM GLOBAL EQUITY FUND

**FINANCIAL INSTITUTIONS** Workers and other financial intermediaries and charge a 0.25% 12b-1

fee, and / Class shares are available to institutionally oriented clients and impose up 12b-1 or administrative fee payment. Each share class is presented separately in the table.

| Actual Expenses Advisor Class | Beginning |  | Ending |  | Expenses Paid |  |
| --- | --- | --- | --- | --- | --- | --- |
|  | Account Value | Value | Account Value | Value | During Period* | During Period* |
| Actual Expenses | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Advisor Class | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Actual Expenses | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Distributions | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Net Asset Value | $(0.24) | $(0.17) | $(0.14) | $(0.20) | $(0.20) | $(0.20) |
| Net Investment Income | $(2.41) | $(0.03) | $(0.01) | - | - | - |
| Beginning of period | (2.75) | (0.15) | (0.15) | (0.20) | (0.20) | (0.20) |
| Net realized gain | (2.75) | (0.15) | (0.15) | (0.20) | (0.20) | (0.20) |
| Total distributions | (2.75) | (0.15) | (0.15) | (0.20) | (0.20) | (0.20) |
| Investment activities | 0.27 | 0.07 | 0.10 | 0.16 | 0.17 | 0.17 |
| Net investment income (1)(2) |  |  |  |  |  |  |

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T. ROWE PRICE QM GLOBAL EQUITY FUND

# **ADVANCE - HYPOTHETICAL**

The following figures are based on the first line under the heading "Expenses Paid". During the first line, the expenses paid on your account during the period of each year.

| Advisor Class |  | Hypothetical Example for Comparison Purposes |  |
| --- | --- | --- | --- |
| N Class | 1,000.00 | 1,030.80 | 5.32 |
| E | line of the table (Hypothetical) is based on hypothetical account | rowings funds and expenses paid and an assumed 5% year | 5% year |
|  | (100.00) actual return | may compare the original | 0.00 |
|  | costs of investing in the fund with other funds by subtracting the 5% hypothetical example |  |  |

| Net Asset Value | Data | $(0.32) | $(0.06) | $(0.14) | $(0.18) | $(0.16) |
| --- | --- | --- | --- | --- | --- | --- |
| Beginning of period |  | (2.41) | (0.03) | (0.01) | - | - |
| Net realized gain |  | (17.08)% | 15.65% | 15.34% | 27.66% | (8.99)% |
| Total return |  | (2.73) | (0.09) | (0.15) | (0.18) | (0.16) |
| Investments |  |  |  |  |  |  |
| Investment activities |  | 0.37 | 0.15 | 0.16 | 0.22 | 0.21 |

16

T. ROWE PRICE QM GLOBAL EQUITY FUND

December 31, 2022

**FINANCIAL - HOLDINGS** Total examples that appear in the shareholder reports of the other funds.
The hypothetical account values and expenses may not be used to estimate the actual ending
of the total, as a measure. You paid for the period.
(Cost and value in 2022)
Return before expenses) 1,000.00 1,022.23 3.01

**R**
New financial statements are the fund's annualized expense ratio for the 6-month period.
End of period: 1,000.00 1,022.23 3.01
Total of the fund's annualized expense ratio for the 6-month period, as stated by the number of funds
Total of the fund's annualized expense ratio for the 6-month period, as stated by the number of funds
Total of the fund's annualized expense ratio for the 6-month period, as stated by the number of funds
Total of the fund's annualized expense ratio for the 6-month period, as stated by the number of funds
Total of the fund's annualized expense ratio for the 6-month period, as stated by the number of funds

17

T. ROWE PRICE QM GLOBAL EQUITY FUND

| AVERAGE OF INVESTMENTS - 0.49%, and the I Class was 0.59%. |  |  |  | 1,879 | 39 |
| --- | --- | --- | --- | --- | --- |
| BHP Group |  |  |  | Shares | $ Value |
| Group (and value in $000s) |  |  |  | 9,235 | 76 |
| Coles Group |  |  |  | 5,592 | 63 |
| Net assets |  |  | 22,638 | $20,001 | $15,601 |
| Capital Reserve |  |  |  |  |  |
| Capital Reserve before waivers/ |  |  |  |  |  |
| End of period 1-17 | $13.16 | $19.25 | $16.20 | $14.16 | $11.23 |
| Provisions by Price Associates | 2.37% | 1.96% | 2.23% | 6,791 | 2.70% |
| Provisions of Stockholders |  |  |  |  |  |
| Total share amounts calculated using average shares outstanding method. |  |  |  | 17,616 | 49 |
| Provisions by Price Associates | 1.01% | 1.25% | 1.04% | 1,586 | 1.04% |
| Provisions of the above or expense-related arrangements with Price Associates |  |  |  |  |  |
| Real Estate Investment Data | 1.64% | 0.38% | 0.73% | 1.24% | 1.31% |
| Total Real Estate's share that an investor would have earned on an investment in the fund |  |  |  |  |  |
| Provisions of the above or expense-related arrangements |  |  |  |  |  |
| Provisions of the above or expense-related arrangements |  |  |  |  |  |
| Total Real Estate's share that an investor would have earned on an investment in the fund |  |  |  |  |  |
| Provisions of the above or expense-related arrangements |  |  |  |  |  |
| Total Real Estate's share that an investor would have earned on an investment in the fund |  |  |  |  |  |

18

T. ROWE PRICE QM GLOBAL EQUITY FUND

| Total Share (Cost $546) |  | Shares | $ Value |
| --- | --- | --- | --- |
| QRAZIL 2016 (in $000s) |  |  |  |
| ROYPT 0.6% |  | $403 | $354 |
| All other liabilities before waivers/ |  |  |  |
| All other Group Holding ADR (USD) (1) |  |  | 14.9% |
| Payments by Price Associates |  | 2.21% | 1.72% |
| 1.97% |  |  | 2.00% |
| 2.18% |  |  | 2.18% |
| The Company's share of the financial part of these financial statements: |  |  |  |
| Other share amounts calculated using average shares outstanding method. |  |  |  |
| Payments by Price Associates |  | 0.5% | 0.5% |
| Payments by the Company's Share of the Financial |  | 0.5% | 0.5% |
| Management expense |  | 0.5% | 0.5% |
| Total return reflects the rate that an investor would have earned on an investment in the fund |  |  |  |
| during each period, assuming reinvestment of all distributions, and payment of no redemption or |  |  |  |
| Portfolio turnover rate |  | 102.9% | 25.6% |
| Net assets, end of period (in |  |  |  |
| Portfolio turnover rate |  |  |  |
| Net assets, end of period (in |  |  |  |

19

T. ROWE PRICE QM GLOBAL EQUITY FUND

| China Credit (Over 1,000) Class H (HKD) | 178,000 | 148 |
| --- | --- | --- |
| China Hongqiao Group (HKD) | 23,000 | $ Value |
| China Hongqiao Holdings (HKD) | 20,000 | 143 |
| China Overseas Property Holdings (HKD) | 20,000 | 21 |
| China Overseas Property Holdings (HKD) | 20,000 | 21 |
| China Overseas Property Holdings (HKD) | $11,558 | $1,268 |
| China Overseas Property Holdings (HKD) | $791 | $1,158 |
| China Overseas Property Holdings (HKD) | $84 | $84 |
| China Overseas Property Holdings (HKD) | 13,000 | 376 |
| China Overseas Property Holdings (HKD) | 24,500 | 376 |
| China Overseas Property Holdings (HKD) | 123,000 | 176 |
| China Overseas Property Holdings (HKD) | 123,000 | 176 |

The Company's share of the financial statements, including the financial statements, is not a guarantee of accuracy or completeness. The Company's share of the financial statements, including the financial statements, is not a guarantee of accuracy or completeness. The Company's share of the financial statements, including the financial statements, is not a guarantee of accuracy or completeness. The Company's share of the financial statements, including the financial statements, is not a guarantee of accuracy or completeness. The Company's share of the financial statements, including the financial statements, is not a guarantee of accuracy or completeness. The Company's share of the financial statements

on an investment in the fund during each period, assuming reinvestment of all distributions, and payment of no redemption or account fees, if applicable.

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

20

T. ROWE PRICE QM GLOBAL EQUITY FUND

| Financial Class (A) | 2,200 | 101 |
| --- | --- | --- |
| Total Financial Class (A) | 58,000 | 100 |
| General Business (HKD) | 58,000 | 100 |
| Business, ADR (USD) (1) | 850 | 88 |
| Business, ADR (USD) (1) | 850 | 88 |
| Business, ADR (USD) (1) | 23,000 | 88 |
| Business, ADR (USD) (1) | 23,000 | 88 |
| Business, ADR (USD) (1) | 23,000 | 88 |
| Total Financial Class (A) | 18,000 | 88 |
| Total Financial Class (A) | 18,000 | 88 |
| Total Financial Class (A) | 18,000 | 88 |
| Total Financial Class (A) | 18,000 | 88 |
| Total Financial Class (A) | 18,000 | 88 |

21

T. ROWE PRICE QM GLOBAL EQUITY FUND

| ZEL International | 12,000 | 700 |
| --- | --- | --- |
| China A Shares 0.4% | 4,000 | 5 Value |
| China A Shares 0.4% | 4,000 | 5 Value |
| China A Shares 0.4% | 4,000 | 5 Value |
| China A Shares 0.4% | 4,000 | 5 Value |
| China A Shares 0.4% | 4,000 | 5 Value |
| China A Shares 0.4% | 4,000 | 5 Value |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |
| China A Shares 0.4% | 4,000 | 5 Value |
| China A Shares 0.4% | 4,000 | 5 Value |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |
| China A Shares 0.4% | 4,000 | 5 Value |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |
| China A Shares 0.4% | 4,000 | 5 Value |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |
| China A Shares 0.4% | 4,000 | 5 Value |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

</table>

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

</table>

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

</table>

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

</table>

| China A Shares 0.4% | 4,000 | 5 Value |
| --- | --- | --- |

</table></table>

![img-1.jpeg](img-1.jpeg)

![img-2.jpeg](img-2.jpeg)

![img-3.jpeg](img-3.jpeg)

![img-4.jpeg](img-4.jpeg)

![img-5.jpeg](img-5.jpeg)

![img-6.jpeg](img-6.jpeg)

![img-7.jpeg](img-7.jpeg)

![img-8.jpeg](img-8.jpeg)

![img-9.jpeg](img-9.jpeg)

22

T. ROWE PRICE QM GLOBAL EQUITY FUND

| Asset/(Debt) | 1997 | 1998 |
| --- | --- | --- |
| Total Assets | 1,000 | 1,000 |
| Total Assets (USD) | 1,000 | 1,000 |
| Debtors | 1,000 | 1,000 |
| Debtors (US$) | 1,000 | 1,000 |
| Debtors (US$000s) | 22,000 | 22,000 |
| Debtors (US$000s) | 22,000 | 22,000 |
| Debtors (US$000s) | 15,000 | 15,000 |
| Total Assets | 15,000 | 15,000 |
| Total Assets (USD) | 25,000 | 25,000 |
| Debtors | 3,000 | 3,000 |
| Debtors (US$) | 13,000 | 13,000 |
| Debtors (US$123) | 13,000 | 13,000 |
| Debtors (US$123) | 13,000 | 13,000 |
| Debtors (US$123) | 4,000 | 4,000 |
| Total Debtors (US$623) | 4,000 | 4,000 |
| Debtors (US$623) | 6,100 | 6,100 |
| Debtors (US$623) | 6,100 | 6,100 |

23

T. ROWE PRICE QM GLOBAL EQUITY FUND

| Marine Financial Group | 3,800 | 40 |
| --- | --- | --- |
| New Zealand (Cost $342) | 3,800 | 40 |
| Regional & Regional A Telephone | 19,600 | 20 |
| Regional & Regional A Telephone | 1,500 | 20 |
| Regional & Regional A Telephone | 1,500 | 20 |
| Regional & Regional A Telephone | 24,800 | 20 |
| Total New Zealand (Cost $71) | 2,300 | 20 |
| Regional & Regional A Telephone | 170,800 | 20 |
| Regional & Regional A Telephone | 1,200 | 20 |
| Regional & Regional A Telephone | 19,356 | 20 |

24

T. ROWE PRICE QM GLOBAL EQUITY FUND

| SUBTOTAL | 2,700 | 30 |
| --- | --- | --- |
| ROWE PRICE QM | 2,700 | 30 |
| ROWE PRICE QM | 1,000 | 5 Value |
| ROWE PRICE QM | 1,000 | 5 Value |
| ROWE PRICE QM | 1,000 | 5 Value |
| ROWE PRICE QM | 1,000 | 5 Value |
| ROWE PRICE QM | 1,000 | 5 Value |
| ROWE PRICE QM | 1,000 | 5 Value |
| Total Revenue (Cost $232) | 1,500 | 30 |
| Total Revenue (Cost $114) | 1,500 | 30 |
| Total Revenue (Cost $117) | 6,111 | 120 |
| Total Revenue (Cost $117) | 6,111 | 120 |
| Total Revenue (Cost $117) | 6,111 | 120 |
| Total Revenue (Cost $117) | 6,111 | 120 |
| Total Revenue (Cost $117) | 6,111 | 120 |
| Total Revenue (Cost $117) | 6,111 | 120 |

25

T. ROWE PRICE QM GLOBAL EQUITY FUND

| Common Stocks 0.5% | 43,000 | 248 |
| --- | --- | --- |
| Common Stock 0.3% | 25,000 | 5 Value |
| Total Common Stock 0.3% | 43,000 | 248 |
| Total Common Stock 0.3% | 25,000 | 5 Value |
| Total Common Stock 0.3% | 43,000 | 248 |
| Total Common Stock 0.3% | 25,000 | 5 Value |
| Total Common Stock 0.3% | 43,000 | 248 |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |
| Total Common Stock 0.3% | 43,000 | 248 |
| Total Common Stock 0.3% | 25,000 | 5 Value |
| Total Common Stock 0.3% | 43,000 | 248 |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |
| Total Common Stock 0.3% | 43,000 | 248 |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

| Total Common Stock 0.3% | 25,000 | 5 Value |
| --- | --- | --- |

| Total Common Stock 0.3% | 43,000 | 248 |
| --- | --- | --- |

26

T. ROWE PRICE QM GLOBAL EQUITY FUND

| Common Stocks 0.5% | 1,681 | 30 |
| --- | --- | --- |
| Common Stock 2.4% | $2,000 | $ Value |
| Common Stock (Gross) | 2,200 | 140 |
| Common Stock 0.7% | 1,656 | 103 |
| Total Stock (Cost $122) | 1,667 | 1,002 |
| Common Stock (Gross, Net) | 4,167 | 187 |
| Common Stock (Gross) | 3,800 | 187 |
| Common Stock (Gross, Net) | 4,167 | 187 |
| Common Stock (Gross) | 3,800 | 187 |
| Common Stock (Gross, Net) | 4,167 | 187 |
| Common Stock (Gross) | 3,800 | 187 |

27

T. ROWE PRICE QM GLOBAL EQUITY FUND

| Balance on a Paper | 2,400 | 100 |
| --- | --- | --- |
| Balance on a Paper | 2,400 | 100 |
| Balance on a Paper | 2,400 | 100 |
| Balance on a Paper | 2,400 | 100 |
| Balance on a Paper | 2,400 | 100 |
| Balance on a Paper | 2,400 | 100 |
| Balance on a Paper | 2,400 | 100 |

| Balance on a Paper | 2,400 | 100 |
| --- | --- | --- |
| Balance on a Paper | 2,400 | 100 |
| Balance on a Paper | 2,400 | 100 |

| Balance on a Paper | 2,400 | 100 |
| --- | --- | --- |
| Balance on a Paper | 2,400 | 100 |

| Balance on a Paper | 2,400 | 100 |
| --- | --- | --- |

| Balance on a Paper | 2,400 | 100 |
| --- | --- | --- |

| Balance on a Paper | 2,400 | 100 |
| --- | --- | --- |

| Balance on a Paper | 2,400 | 100 |
| --- | --- | --- |

| Balance on a Paper | 2,400 | 100 |
| --- | --- | --- |

| Balance on a Paper | 2,400 | 100 |
| --- | --- | --- |

| Balance on a Paper | 2,400 | 100 |
| --- | --- | --- |

| Balance on a Paper | 2,400 | 100 |
| --- | --- | --- |

| Balance on a Paper |  |
| --- | --- |

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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
| --- | --- |

| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
| --- | --- |

| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
| --- | --- |

| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| Balance on a Paper |  |
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| --- | --- |

| Balance on a Paper |
| --- |

| Balance on a Paper |  |
| --- | --- |

| Balance on a Paper |  |
| --- | --- |

| Balance on a Paper |
| --- |

| Balance on a Paper |  |
| --- | --- |

| Balance on a Paper |  |
| --- | --- |

| Balance on a Paper |
| --- |

| Balance on a Paper |  |
| --- | --- |

| Balance on a Paper |
| --- |

| Balance on a Paper |
| --- |

</table>

| Balance on a Paper |
| --- |

</table>

| Balance on a Paper |
| --- |

</table>

| Balance on a Paper |
| --- |

</table></table></table>

28

T. ROWE PRICE QM GLOBAL EQUITY FUND

| Foreign Assets | 4,000 | 74 |
| --- | --- | --- |
| Total Fixed Assets Investments (Cost $155) | 1,000 | 155 |
| Cash and cash equivalents | 1,000 | 1,000 |
| Cash and cash equivalents at 50.5% | 1,000 | 1,000 |
| Total Fixed Assets | 1,000 | 1,000 |
| Total Fixed Assets | 1,000 | 1,000 |
| Total Fixed Assets | 1,000 | 1,000 |
| Total Fixed Assets | 1,000 | 1,000 |
| Total Fixed Assets | 1,000 | 1,000 |

29

T. ROWE PRICE QM GLOBAL EQUITY FUND

December 31, 2022

| State of New York | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| State of New Jersey | 1,000,000 | 1,000,000 |
| State of New Mexico | 1,000,000 | 1,000,000 |
| State of New Mexico | 1,000,000 | 1,000,000 |
| State of New Mexico | 1,000,000 | 1,000,000 |
| State of New Mexico | 1,000,000 | 1,000,000 |
| State of New Mexico | 1,000,000 | 1,000,000 |

| Total Investments in Securities | Net Realized Gain (Loss) | Change in Net Unrealized Gain/Loss | Investment Income |
| --- | --- | --- | --- |
| Total Investments in securities, at value (cost $20,768) |  | 1,000,000 | 20,768 |
| Interest on Net Realized |  | 1,000,000 | 20,768 |
| Interest on Net Realized |  | 1,000,000 | 20,768 |
| Interest on Investment Reserve Fund, 4.30% $ | - $ | 3,000,000 | 24,478 |
| Interest on Investment Reserve Fund, 4.30% $ |  | 800 | 1,874 |
| Interest on Investment Reserve Fund, 4.30% $ |  | 800 | 1,874 |
| Due from affiliates |  |  | 18 |
| Receivable for shares sold |  |  | 7 |
| Receivable for investment securities sold |  |  | 4 |
| Other assets |  |  | 39 |

30

T. ROWE PRICE QM GLOBAL EQUITY FUND

| STATEMENT OF ASSETS AND LIABILITIES |  | $ | -# | $ | - | $ | 5+ |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Stockholders' Equity |  |  |  |  |  | 1,507 | 200 |
| Stock (except shares and per share amounts) |  |  |  |  |  | 3,500 | 51 |
| Capital Credit |  |  |  |  |  | 7,769 | 40 |
| Supplementary Investment Schedule |  |  |  |  |  |  |  |
| EBIT |  |  |  |  |  |  |  |
| MSCI Class A |  | Value | Purchase | Sales | Cost | Value |  |
| 1. Class A (1) |  | 12/31/21 |  |  |  | 12/31/21 |  |
| 2. Class A (1) |  | Total estimated third party data provider; Shares are denominated as the cummion of the Company's Share Price Government |  |  |  |  |  |
| 3. Share Price Government |  |  |  |  |  | 1,926 | 89 |
| ROWE |  |  |  |  |  | 12/31/22 |  |
| ROWE |  |  |  |  |  | 4,347 | 196 |
| ROWE (1) |  |  |  |  |  | 4,347 | 27,000 |
| ROWE (1) |  |  |  |  |  | 4,347 | 10 |
| ROWE (1) |  |  |  |  |  |  |  |
| ROWE (1) |  |  |  |  |  |  |  |
| ROWE (1) |  |  |  |  |  |  |  |
| ROWE (1) |  |  |  |  |  |  |  |
| ROWE (1) |  |  |  |  |  |  |  |
| ROWE (1) |  |  |  |  |  |  |  |
| Other (1) |  |  |  |  |  |  |  |
| Other (1) |  |  |  |  |  |  |  |
| Other (1) |  |  |  |  |  |  |  |
| Other (1) |  |  |  |  |  |  |  |
| Other (1) |  |  |  |  |  |  |  |
| Other (1) |  |  |  |  |  |  |  |

The accompanying notes are an integral part of these financial statements.

31

T. ROWE PRICE QM GLOBAL EQUITY FUND

# STATEMENT OF OPERATIONS

| Exhibit No. | 2,747 | 97 |
| --- | --- | --- |
| Exhibit No. | 2,747 | 97 |
| Exhibit No. | 2,747 | 97 |
| Exhibit No. | 2,747 | 97 |
| Exhibit No. | 2,747 | 97 |
| Exhibit No. | 2,747 | 97 |
| Exhibit No. | 2,747 |  |
| Exhibit No. | 2,747 |  |
| Exhibit No. | 2,747 |  |
| Exhibit No. | 2,747 |  |
| Exhibit No. | 2,747 |  |
| Exhibit No. | 2,747 |  |
| Exhibit No. | 2,747 |  |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |
| Exhibit No. | 2,747 |  |
| Exhibit No. | 2,747 |  |
| Exhibit No. | 2,747 |  |
| Exhibit No. | 2,747 |  |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |
| Exhibit No. | 2,747 |  |
| Exhibit No. | 2,747 |  |
| Exhibit No. | 2,747 |  |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |
| Exhibit No. | 2,747 |  |
| Exhibit No. | 2,747 |  |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |
| Exhibit No. | 2,747 |  |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |
| Exhibit No. | 2,747 |  |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |
| Exhibit No. | 2,747 |  |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

| Exhibit No. | 2,747 |  |
| --- | --- | --- |

</table>

The accompanying notes are an integral part of these financial statements.

32

T. ROWE PRICE QM GLOBAL EQUITY FUND

| SHAREHOLD OF CHANGES IN NET ASSETS |  |
| --- | --- |
| ($000s) | USD U.S. Dollar |

| Investor Class | Year Ended | 10 |
| --- | --- | --- |
| Distributions by shareholders | 12/31/22 | 12/31/21 |
| Net Assets Class | (2,455) | 200 |
| Investor Class | (7,889) | (231) |
| ($1,947,002) (1,952,124 shares outstanding) | 38,324 | 8,262 |
| Asset Class | $(24,432) | $23,218 |
| Asset Class Net assets from distributions |  | $32,228 |
| ($326,885 / 25,000 shares outstanding) |  | $(33,308) |
| Cash Flows |  | 162 |

33

T. ROWE PRICE QM GLOBAL EQUITY FUND

# STATEMENT OF CHANGES IN NEW SCORE

($000s)

Capital share transactions

($21,558,100) (878,195 shares outstanding)

under the Investment Company Act of 1940 (the 1940 Act). The QM Global Equity Fund is a non-divided, open-end management investment company established in 1970. The fund is a non-divided fund seeks long-term growth of capital. The fund has been issued by the QM Global Equity Fund (Investor Class), the QM Global Equity Fund (Investor Class) and the QM Global Equity Fund (Investor Class) (Advisor Class), and the QM Global Equity Fund (Investor Class) (Investor Class). Class shares are sold only through various brokers and other financial intermediaries. I Class shares require a $500,000 initial investment minimum.

$413.16

1.830 5.000

11.727 4.000

1.000 5

1.000 5

1.000 5

2.844 2.000

11.750 11.750

11.750 11.750

The accompanying notes are an integral part of these financial statements.

34

T. ROWE PRICE QM GLOBAL EQUITY FUND

NOTICE TO FINANCIAL STATEMENTS these financial statements.

T. Rowe Price Quantitative Management Funds Inc. (the corporation) is registered transactions and accounted for on the trade date basis. Income and expenses are calculated on the basis of the Company's performance and losses are recorded on the market. The Company's performance and losses are recorded on the market. The Company's performance and losses are recorded on the market. The Company's performance and losses are recorded on the market. The Company's performance and losses are recorded on the market. The Company's performance and losses are recorded on the market. The Company's performance and losses are recorded on the market. The Company's performance and losses are recorded on the market. The Company's performance and losses are recorded on the market. The Company's performance and losses are recorded on the market.

**DECREASE IN NET ASSETS FROM OPERATIONS** (8/62) Income, Capital gain distributions are reflected as realized gain/loss. Dividend income, intermediaries, eligible retirement plans, and other certain accounts. As a result of the reduction in the I Class minimum, certain assets transferred from the Investor Class REITs are initially recorded as dividend income and to the extent such represent a to the I Class. This transfer of shares from Investor Class to I Class is reflected in the Statement of Changes in Net Assets within the Capital shares transactions as

35

T. ROWE PRICE QM GLOBAL EQUITY FUND

# **Investment Transactions, Investment Income, and Distributions** Investment

return of capital or capital gain for tax purposes are reclassified when such information
Update (ASU) - ASU 2022-03, Fair Value Measurement (Topic 820) - Fair Value
becomes available. Non-cash dividends, if any, are recorded at the fair market value of
measurement of Equity Securities Subject to Contractual Sale Restrictions, which
shall be recorded at the fair market value of the fair market value of the fair market value of the fair market value of the fair market value of the fair market value of the fair market value of the fair market value of the fair market value of the fair market value of the fair market value of the fair market value of the fair market value of the fair market value of the fair market value of the fair market value of the fair market value of the fair market value of the fair market value of the fair market value of the fair market value

other classes.

36

T. ROWE PRICE QM GLOBAL EQUITY FUND

**New Accounting Guidance** In June 2022, the FASB issued Accounting Standards

impact on the fund's financial statements.
**Currency Translation** Assets including investments, and liabilities denominated

**Indemnification** In the financial statements of a dollar, the net of the prevailing
Observable inputs are developed using market data, such as publicly available
information about future events or transactions, and hence the assumptions that market

**NOTE** **ASSUMPTIONS** **ACCOUNTING** **DEPARTMENT** **GOVERNMENT** **GOVERNMENT** **GOVERNMENT** **GOVERNMENT** **GOVERNMENT** **GOVERNMENT** **GOVERNMENT** **GOVERNMENT** **GOVERNMENT** **GOVERNMENT** **GOVERNMENT** **GOVERNMENT** **GOVERNMENT** **GOVERNMENT** **GOVERNMENT** **GOVERNMENT** **GOVERNMENT**

**Basis of Preparation** **Accounting** **Standards** **Board** (FASB) **Accounting**
**Standards Codification** Topic 946 (ASC 946). The accompanying financial statements

37

T. ROWE PRICE QM GLOBAL EQUITY FUND

Level 3 - unobservable inputs (including the Valuation Designee’s assumptions in exchange rate) are reallocated in the value of the value of the value of the value of the value of the value of the value of the value of the value of the value of the value of the value of the value of the value of the value of the value of the value of the value of the value of the value of the value of the value of the value of the value of the value of the value of the value of the value of the value of the value of the value of the value of the value of the value

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

38

T. ROWE PRICE QM GLOBAL EQUITY FUND

Investments in mutual funds are valued at the mutual fund's closing NAV per share on

**Valuation Declosures** (the only securities including the exchange traded, the exchange traded, or the exchange traded) are included in the value of other pricing sources. Factors used in determining fair value vary based on the value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of

39

T. ROWE PRICE QM GLOBAL EQUITY FUND

# NOTE 3 - OTHER INVESTMENT TRANSACTIONS

The Company has been a member of the United States and has been a member of the United States. The Company has been a member of the United States and has been a member of the United States.

40

T. ROWE PRICE QM GLOBAL EQUITY FUND

The fund files U.S. federal, state, and local tax returns as required. The fund's tax

the fund against losses resulting from borrower default. Although risk is mitigated by
the value of the fund's tax, the fund's tax is not to be used in the
valuation of the fund's tax. The fund's tax is not to be used in the
valuation of the fund's tax. The fund's tax is not to be used in the
valuation of the fund's tax. The fund's tax is not to be used in the
valuation of the fund's tax. The fund's tax is not to be used in the
valuation of the fund's tax. The fund's tax is not to be used in the
valuation of the fund's tax. The fund's tax

41

T. ROWE PRICE QM GLOBAL EQUITY FUND

At December 31, 2022, the tax-basis components of accumulated net earnings (loss)

Assumption: Designee cannot predict how often it will use quoted prices and how often it will be used in financial statements, but collateral received in the 53B of December 31, 2022, the value of quoted securities, which are based on the value of such collateral and related investments was $116,000. The value of cash collateral and related investments was $116,000. The short-term investments of the 53B of December 31, 2022, the value of quoted securities, which are based on the value of such collateral and related investments was $116,000. The short-term investments of the 53B of December 31, 2022, the value of quoted securities, which are based on the value of such collateral and related investments was $116,000.

Decrease: 31% primarily to the deferral of losses from wash sales and the realization of the Investor Class and Advisor Class 1st each subject to a contractual expense 24,474

42

T. ROWE PRICE QM GLOBAL EQUITY FUND

and a group fee. The group fee rate is calculated based on the combined net assets of
the company's net positive foreign investment companies. The expense limitation dates indicated in the table below. During 243
months, would be included in the net investment income and expense ratios presented on
At December 31, 2022, the tax basis cost of investments (including derivatives, if any)
and other provisions of depreciation and depreciation were as follows:
NOTE: The Company's extraordinary expenses, and acquired fund fees and expenses) that would
Generally. To provision for federal income taxes is required since the fund intends to
be used to supply at a registered investment
in the company's business. The Company's business is not a
interest expense. The Company's business is not a
interest expense. The Company's business is not a
interest expense. The Company's business is not a
interest expense. The Company's business is not a
interest expense. The Company's business is not a
interest expense. The Company's business is not a
interest expense. The Company's business is not a
interest expense. The Company's business is not a
interest expense. The Company's business is not a
interest expense.

43

T. ROWE PRICE QM GLOBAL EQUITY FUND

Any repayment of expenses previously waived/paid by Price Associates during the

Unrealized appreciation efficiently to allow repayment without causing the Basis net 4,672
At the time of the year, the price was not to be paid for 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 of the company

44

T. ROWE PRICE QM GLOBAL EQUITY FUND

independent current market price of the security. During the year ended December 31, fund T. Rowe Price Services, Inc. provides shareholder and administrative services in the United States. The fund is a member of the United States, and is a member of the United States. The fund is a member of the United States, and is a member of the United States. The fund is a member of the United States, and is a member of the United States. The fund is a member of the United States, and is a member of the United States. The fund is a member of the United States, and is a member of the United States. The fund is a member of the United States, and is a member of the United States.

45

T. ROWE PRICE QM GLOBAL EQUITY FUND

# REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

portfolio of investments, of T. Rowe Price QM Global Equity Fund (one of the funds
(CONTINUED): T. Rowe Price QM Global Equity Fund (one of the funds
(CONTINUED): T. Rowe Price QM Global Equity Fund (one of the funds
(CONTINUED): T. Rowe Price QM Global Equity Fund (one of the funds
(CONTINUED): T. Rowe Price QM Global Equity Fund (one of the funds
(CONTINUED): T. Rowe Price QM Global Equity Fund (one of the funds
(CONTINUED): T. Rowe Price QM Global Equity Fund (one of the funds
(CONTINUED): T. Rowe Price QM Global Equity Fund (one of the funds
(CONTINUED): T. Rowe Price QM Global Equity Fund (one of the funds
(CONTINUED): T. Rowe Price QM Global Equity Fund (one of the funds
(CONTINUED): T. Rowe Price QM Global Equity Fund (one

46

T. ROWE PRICE QM GLOBAL EQUITY FUND

# REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

By management as well as the management of the financial position of the fund.

On December 31, 2020, the amount of its operations for the new firm ended the changes to the financial position. The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

The financial position was reported by the Internal Revenue Code. The financial position was reported by the Internal Revenue Code.

47

T. ROWE PRICE QM GLOBAL EQUITY FUND

# TAX INFORMATION (UNAUDITED) FOR THE TAX YEAR ENDED 12/31/22

RECORDS
These financial statements are the responsibility of the Funds management. Our
company, which is a long-term capital gains tax rate or not greater than
the Company's shareholding in the funds, overall performance, management, or
the Company's shareholding in the funds, and the Company's shareholding in the funds, which is a long-term
capital gain. The Company's shareholding in the funds, which is a long-term capital gain, is based on the
representation of the Company's shareholding in the funds, and the Company's shareholding in the funds, which is a long-term
capital gain. The Company's shareholding in the funds, which is a long-term capital gain, is based on the
representation of the Company's shareholding in the funds, and the Company's shareholding in the funds, which is a long-term
capital gain. The Company's shareholding in the funds, which is a long-term capital gain, is based on the
representation of the Company's shareholding in the funds, and

The description of our proxy voting policies and procedures is also available on our

48

T. ROWE PRICE QM GLOBAL EQUITY FUND

# **INFORMATION ON PROXY VOTING POLICIES, PROCEDURES, AND**

We conducted our audits of these financial statements in accordance with the standards of corporate website. To access it please visit the following Web page:

In accordance with Rule 2 of the United States, the Investment Company Act requires insurance, bond, interest, and financial statements, as free of material or liability, as amended, the fund has established a liquidity risk management program in accordance with Rule 2 of the United States of America, which generally represents the risk that the fund would not be able to meet redemption requests without significant dilution of remaining investors' interests in the fund. The Each fund's most recent annual proxy voting record is available on our website and through the SEC's website. To access it through T. Rowe Price, plus the website location Price Associates, Inc. (Adviser), as the administrator of the Liquidity Program. As

49

T. ROWE PRICE QM GLOBAL EQUITY FUND

# **LIQUIDITY RISK MANAGEMENT PROGRAM**

shown above, and scroll down to the section near the bottom of the page that says
surrounding. The Adviser is responsible for overseeing the day-to-day operations of the
United States, the United States Government and the United States Department of
Liquidity Program, and among other things is responsible for assessing, managing,
during the period, cash flow projections, and other relevant data for the period of April 1,
and reviewing with the Board at least annually the liquidity risk of each T. Rowe Price
QM Global Equity Fund. The Fund describes the methodology for classifying
the T. Rowe Price QM Global Equity Fund. The Fund describes the methodology for classifying
the T. Rowe Price QM Global Equity Fund. The Fund describes the methodology for classifying
the T. Rowe Price QM Global Equity Fund. The Fund describes the methodology for classifying
the T. Rowe Price QM Global Equity Fund. The Fund describes the methodology for classifying
the T. Rowe Price QM Global Equity Fund. The Fund describes the methodology for classifying
the T. Rowe Price QM Global Equity Fund.

50

T. ROWE PRICE QM GLOBAL EQUITY FUND

For the fund and other T. Rowe Price funds, the annual assessment incorporated a report electronically on the SEC's website (see text) in addition to the T. Rowe Price funds. The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds. Your fund is based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds. Your fund is based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds. Your fund is based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds. Your fund is based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds. Your fund is based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds. Your fund is based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds. Your fund is based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.[{"box_2d": [35, 195, 614, 195], "label": "text", "The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds."}]

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.

The fund was based on the annual assessment of the SEC's website (see text) in addition to the T. Rowe Price funds.[{"box_2d": [35, 195, 614,

T. ROWE PRICE QM GLOBAL EQUITY FUND

# **ABOUT THE FUND'S DIRECTORS AND OFFICERS**

21202. This statement is not a monthly statement of funding. The company has based on the time of the directors investment at a level to be kept during the significant time frames in current fund conditions. **Name** (Year of Birth) without significantly changing the investment's market value.

**INDEPENDENT DIRECTORS** (Number of T. Rowe Price, Principal Occupation(s) and Directorships of Public Companies and **Name** (Year of Birth) **Other Investment Companies During the Past Five Years** (Year of Birth) **Year Elected** (1958) and the determination of each fund's highly Liquid Investment Minimum (HLIM). The

52

T. ROWE PRICE QM GLOBAL EQUITY FUND

# **INDEPENDENT DIRECTORS (CONTINUED)**

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

**[Number of T. Rowe Price** Principal Occupation(s) and Directorships of Public Companies and **Portfolios Overseen]** Other Investment Companies During the Past Five Years

53

T. ROWE PRICE QM GLOBAL EQUITY FUND

# **INTERESTED DIRECTORS [x] (CONTINUED)**

2000. cash and cash equivalents, as well as available borrowing arrangements.
2000. Department, The South Hopkins University (2009 to present); Director,
Effective April 27, 2022, Mr. Daniels resigned from his role as an independent director of the Price
Lyndhurst Holdings (2015 to present); Director, Bhagwati, Pharma, Inc.
2010.
2010 information about the interest of directors was current as of January 1, 2022, unless otherwise
Effective November 8, 2021, Mr. Walker was appointed as an independent director of the Price Funds.
Principal, Joseph for the number of such other directors as he is based as of the date of the report.
Bruce W. Duncan, President, Chief Executive Officer, and Director, Lyndhurst, Inc. (2020
2020). Mr. Shams resigned from his role as an interested director of the Price
Funds.
2020. Vice President, Price Investment Management
2020.
2020. the Board (2016 to 2020) and President (2009 to 2016). First Industrial
Vice President, The South Hopkins University (2009 to present); Director,
Realty Trust; owner and operator of industrial properties; Chair of the
Board (2005 to 2016) and Director (1999 to 2016). Starwood Hotels &
Cheryl Hampton, CPA (1969). Vice President, T. Rowe Price; formerly, Tax Director,

54

T. ROWE PRICE QM GLOBAL EQUITY FUND

# **OFFICERS (CONTINUED)**

Year Ended: [Number of T. Rowe Price Rents (1989) Position Held With Quantitative Management Funds, Inc. (1989) President

Results, a hotel and leisure company, Member Investment Company, Principal Occupation(s) and Directorialities of Public Companies and Other Investment Companies During the Past Five Years.

Position Held With Quantitative Management Funds, Inc. (1989) President

[Name (Year of Birth) Position Held With Quantitative Management Funds, Inc. (1989) President, T. Rowe Price, H. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K.

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

55

Name (Year of Birth)
Position Held With Quantitative Management Funds, Inc.
Principal Occupation(s)

Item 1. (b) Notice pursuant to Rule 30e-3.

Not applicable.

# Item 2. Code of Ethics.

The registrant has adopted a code of ethics, as defined in Item 2 of Form N-CSR, applicable to its principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. A copy of this code of ethics is filed as an exhibit to this Form N-CSR. No substantive amendments were approved or waivers were granted to this code

of ethics. The registrant's name is: (1) President, (2) Vice President, (3) Vice President, (4) Vice President, (5) Vice President, (6) Vice President, (7) Vice President, (8) Vice President, (9) Vice President, (10) Vice President, (11) Vice President, (12) Vice President, (13) Vice President, (14) Vice President, (15) Vice President, (16) Vice President, (17) Vice President, (18) Vice President, (19) Vice President, (20) Vice President, (21) Vice President, (22) Vice President, (23) Vice President, (24) Vice President, (25) Vice President, (26) Vice President, (27) Vice President, (28) Vice President, (29) Vice President, (30) Vice President, (31) Vice President, (32) Vice President, (33) Vice President, (34) Vice President, (35) Vice President, (36) Vice President, (37) Vice President, (38) Vice President, (39) Vice President, (40) Vice President, (41) Vice President, (42) Vice President, (43) Vice President, (44) Vice President, (45) Vice President, (46) Vice President, (47) Vice President, (48) Vice President, (49) Vice President, (50) Vice President, (51) Vice President, (52) Vice President, (53) Vice President, (54) Vice President, (55) Vice President, (56) Vice President, (57) Vice President, (58) Vice President, (59) Vice President, (60) Vice President, (61) Vice President, (62) Vice President, (63) Vice President, (64) Vice President, (65) Vice President, (66) Vice President, (67) Vice President, (68) Vice President, (69) Vice President, (70) Vice President, (71) Vice President, (72) Vice President, (73) Vice President, (74) Vice President, (75) Vice President, (76) Vice President, (77) Vice President, (78) Vice President, (79) Vice President, (80) Vice President, (81) Vice President, (82) Vice President, (83) Vice President, (84) Vice President, (85) Vice President, (86) Vice President, (87) Vice President, (88) Vice President, (89) Vice President, (90) Vice President, (91) Vice President, (92) Vice President, (93) Vice President, (94) Vice President, (95) Vice President, (96) Vice President, (97) Vice President, (98) Vice President, (99) Vice President

The following table provides the information in a specific format:

The registrant's name is: (1) President, (2) Vice President, (3) Vice President, (4) Vice President, (5) Vice President, (6) Vice President, (7) Vice President, (8) Vice President, (9) Vice President, (10) Vice President, (11) Vice President, (12) Vice President, (13) Vice President, (14) Vice President, (15) Vice President, (16) Vice President, (17) Vice President, (18) Vice President, (19) Vice President

Rudon, Martha, Ph. C.F.A. (1987) Director and Vice President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, President

The following table provides the information in a specific format:

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(a) - (b) A person has been held for the last two years for professional services rendered to, or on behalf of, the registrant by the registrant's principal accountant were as follows:

|  | 2022 | 2021 |
| --- | --- | --- |
| Audit Fees | $24,353 | $23,471 |
| Audit-Related Fees | - | - |
| Tax Fees | - | 1,893 |
| All Other Fees | - | - |

Audit fees include amounts related to the audit of the registrant's annual financial statements and services normally provided by the accountant in connection with statutory and regulatory filings. Audit-related fees include amounts reasonably related to the performance of the audit of the registrant's financial statements and specifically include the issuance of a report on internal controls and, if applicable, agreed-upon procedures related to fund acquisitions. Tax fees include amounts related to services for tax compliance, tax planning, and tax advice. The nature of these services specifically includes the review of distribution calculations and the preparation of Federal, state, and excise tax returns. All other fees include the registrant's pro-rata share of amounts for agreed-upon procedures in conjunction with service contract approvals by the registrant's Board of Directors/Trustees.

(e)(1) The registrant's audit committee has adopted a policy whereby audit and non-audit services performed by the registrant's principal accountant for the registrant, its investment adviser, and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant require pre-approval in advance at regularly scheduled audit committee meetings. If such a service is required between regularly scheduled audit committee meetings, pre-approval may be authorized by one audit committee member with ratification at the next scheduled audit committee meeting. Waiver of pre-approval for audit or non-audit services requiring fees of a de minimis amount is not permitted.

(2) No services included in (b) - (d) above were approved pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.

T. Rowe Price Investment Services, Inc. | 100 East Pratt Street | Baltimore, MD 21202-1009

(f) Less than 50 percent of the hours expended on the principal accountant's engagement to audit the registrant's financial statements for the most recent fiscal year were attributed to work performed by persons other than the principal accountant's full-time, permanent employees.

(g) The aggregate fees billed for the most recent fiscal year and the preceding fiscal year by the registrant's principal accountant for non-audit services rendered to the registrant, its investment adviser, and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant were $2,037,000 and $3,732,000, respectively.

(h) All non-audit services rendered in (g) above were pre-approved by the registrant's audit committee. Accordingly, these services were considered by the registrant's audit committee in (i) the principal accountant's independence.

| RETIREMENT | GENERAL INVESTING | POLICE SAVINGS |
| --- | --- | --- |
| Jordan, S. Price (1991) | General Investment | 1. Power Price Management |
| American Capital (1992) | General Investment | 2. Power Price Management |
| American Financial (1992) | General Investment | 3. Power Price Management |
| American Securities (1992) | General Investment | 4. Power Price Management |
| American Securities (1992) | General Investment | 5. Power Price Management |
| American Securities (1992) | General Investment | 6. Power Price Management |
| American Securities (1992) | General Investment | 7. Power Price Management |
| American Securities (1992) | General Investment | 8. Power Price Management |
| American Securities (1992) | General Investment | 9. Power Price Management |
| American Securities (1992) | General Investment | 10. Power Price Management |
| American Securities (1992) | General Investment | 11. Power Price Management |
| American Securities (1992) | General Investment | 12. Power Price Management |
| American Securities (1992) | General Investment | 13. Power Price Management |
| American Securities (1992) | General Investment | 14. Power Price Management |
| American Securities (1992) | General Investment | 15. Power Price Management |
| American Securities (1992) | General Investment | 16. Power Price Management |
| American Securities (1992) | General Investment | 17. Power Price Management |
| American Securities (1992) | General Investment | 18. Power Price Management |
| American Securities (1992) | General Investment | 19. Power Price Management |
| American Securities (1992) | General Investment | 20. Power Price Management |
| American Securities (1992) | General Investment | 21. Power Price Management |
| American Securities (1992) | General Investment | 22. Power Price Management |
| American Securities (1992) | General Investment | 23. Power Price Management |
| American Securities (1992) | General Investment | 24. Power Price Management |
| American Securities (1992) | General Investment | 25. Power Price Management |
| American Securities (1992) | General Investment | 26. Power Price Management |
| American Securities (1992) | General Investment | 27. Power Price Management |
| American Securities (1992) | General Investment | 28. Power Price Management |
| American Securities (1992) | General Investment | 29. Power Price Management |
| American Securities (1992) | General Investment | 30. Power Price Management |
| American Securities (1992) | General Investment | 31. Power Price Management |
| American Securities (1992) | General Investment | 32. Power Price Management |
| American Securities (1992) | General Investment | 33. Power Price Management |
| American Securities (1992) | General Investment | 34. Power Price Management |
| American Securities (1992) | General Investment | 35. Power Price Management |
| American Securities (1992) | General Investment | 36. Power Price Management |
| American Securities (1992) | General Investment | 37. Power Price Management |
| American Securities (1992) | General Investment | 38. Power Price Management |
| American Securities (1992) | General Investment | 39. Power Price Management |
| American Securities (1992) | General Investment | 40. Power Price Management |

(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 13. Exhibits.**

(a) 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.

(1) 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.

(2) 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.

(3) 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.

(4) 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.

Visit troweprice.com/broadrange

# SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

T. Rowe Price Quantitative Management Funds, Inc.

By /s/ David Oestreicher Company

David Oestreicher
Unless otherwise noted, officers have been employees of T. Rowe Price or Price International for at least 5 years. 800-225-5132 to request a prospectus or summary prospectus; each includes investment objectives, financial expenses, and 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 involves special funds, the value necessary to meet public investment requirements. 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 respective 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.

$^{2}$ Brokerage services are provided by T. Rowe Price Investment Services, Inc., member FINRA/SIPC. Brokerage accounts are carried by Pershing LLC, a BNY Mellon Company, member NYSE/FINRA/SIPC.

202302-2582760  
F203-050 2/23

## Ex-99.Cert

**Item 13. (a)(2)** 

**<u>CERTIFICATIONS</u>**

I, David Oestreicher, certify that:

1. I have reviewed this report on Form N-CSR of T. Rowe Price QM Global
Equity Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state
a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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 QM Global
Equity Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state
a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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 QM Global Equity Fund

In connection with the Report on Form N-CSR for the above named Issuer, the undersigned hereby certifies, to the best of his knowledge, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.

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**Gifts.** Accept any gifts, except as permitted by the Group Code.

**Improper Personal Influence.** Use his or her personal influence or personal relationships improperly to influence investment decisions, brokerage allocations or financial reporting by the Price Funds to the detriment of any one or more of the Price Funds.

**Taking Action at the Expense of a Price Fund.** Cause a Price Fund to take action, or fail to take action, for the personal benefit of the Covered Officer rather than for the benefit of one or more of the Price Funds.

**Misuse of Price Funds' Transaction Information.** Use knowledge of portfolio transactions made or contemplated for a Price Fund or any other clients of the Price Fund Advisers to trade personally or cause others to trade in order to take advantage of or avoid the market impact of such portfolio transactions; and in connection with Price ETFs that do not disclose portfolio holdings daily, use knowledge of pending changes to an ETF's proxy portfolio holdings for such purposes.

**Outside Business Activities.** Engage in any outside business activity that detracts from a Covered Officer's ability to devote appropriate time and attention to his or her responsibilities to a Price Fund.

**Service Providers.** Excluding Group and its affiliates, have any ownership interest in, or any consulting or employment relationship with, any of the Price Funds' service providers, except that an ownership interest in public companies is permitted

**Receipt of Payments.** Have a direct or indirect financial interest in commissions, transaction charges, spreads or other payments paid by a Price Fund for effecting portfolio transactions or for selling or redeeming shares other than an interest (such as compensation or equity ownership) arising from the Covered Officer's employment by Group or any of its affiliates.

**Service as a Director or Trustee.** Serve as a director, trustee or officer of any public or private company or a non-profit organization that issues securities eligible for purchase by any of the Price Funds, unless approval is obtained as required by the Group Code.

**IV. Covered Officers' Specific Obligations and Accountabilities.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A. Disclosure Requirements and Controls.** Each Covered Officer must familiarize himself or herself with the disclosure requirements (Form N-lA registration statement, proxy (Schedule 14A), shareholder reports, Forms N-CEN, N-CSR, etc.) applicable to the Price Funds and the disclosure controls and procedures of the Price Fund and the Price Fund Advisers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B. Compliance with Applicable Law.** It is the responsibility of each Covered Officer to promote compliance with all laws, rules and regulations applicable to the Price Funds and the Price Fund Advisers. Each Covered Officer should, to the extent appropriate within his or her area of responsibility, consult with other officers and employees of the Price Funds and the Price Fund Advisers and take other appropriate steps with the goal of promoting full, fair, accurate, timely and understandable disclosure in the reports and documents the Price Funds file with, or submit to, the SEC, and in other public

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communications made by the Price Funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**C. Fair Disclosure.** Each Covered Officer must not knowingly misrepresent, or cause others to misrepresent, facts about a Price Fund to others, whether within or outside the Price organization, including to the Price Fund's directors and auditors, and to governmental regulators and self-regulatory organizations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**D. Initial and Annual Affirmations.** Each Covered Officer must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Upon adoption of the Price Funds S-O Code (or thereafter, as applicable, upon becoming a Covered Officer), affirm in writing that he or she has received, read, and understands the Price Funds S-O Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Annually affirm that he or she has complied with the requirements of the Price Funds S-O Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**E. Reporting of Material Violations of the Price Funds S-O Code.** If a Covered Officer becomes aware of any material violation of the Price Funds S-O Code or laws and governmental rules and regulations applicable to the operations of the Price Funds, he or she must promptly report the violation **("Report")** to the Chief Compliance Officer of the Price Funds **("CCO").** Failure to report a material violation will be considered itself a violation of the Price Funds S-O Code. The CCO is identified in the attached **Exhibit B.**

It is the Price Funds' policy that no retaliation or other adverse action will be taken against any Covered Officer or other employee of a Price Fund, a Price Fund Adviser or their affiliates based upon any lawful actions of the Covered Officer or employee with respect to a Report made in good faith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**F. Annual Disclosures.** Each Covered Officer must report, at least annually, all affiliations or other relationships as called for in the "Annual Compliance Certification" for T. Rowe Price Group.

**V. Administration of the Price Funds S-O Code.** The Ethics Committee is responsible for administering the Price Funds S-O Code and applying its provisions to specific situations in which questions are presented.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A. Waivers and Interpretations.** The Chairperson of the Ethics Committee has the authority to interpret the Price Funds S-O Code in any particular situation and to grant waivers where justified, subject to the approval of the Joint Audit Committee of the Price Funds. All material interpretations concerning Covered Officers will be reported to the Joint Audit Committee of the Price Funds at its next meeting. Waivers, including implicit waivers, to Covered Officers will be publicly disclosed as required in the Instructions to N-CSR. Pursuant to the definition in the Regulations, an implicit waiver means a Price Fund's failure to take action within a reasonable period of time regarding a material departure from a provision of the Price Funds S-O Code that has been made known to an "executive officer" (as defined in Rule 3b-7 under the Securities Exchange Act of 1934) of a Price Fund. An executive officer of a Price Fund includes its president and any vice-president in charge of a principal business unit, division or function.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B. Violations/Investigations.** The following procedures will be followed in

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investigating and enforcing the Price Funds S-O Code:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The CCO will take or cause to be taken appropriate action to investigate any potential or actual violation reported to him or her.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The CCO, after consultation if deemed appropriate with Outside Counsel to the Price Funds, will make a recommendation to the appropriate Price Funds Board regarding the action to be taken with regard to each material violation. Such action could include any of the following: a letter of censure or suspension, a fine, a suspension of trading privileges or termination of officership or employment. In addition, the violator may be required to surrender any profit realized (or loss avoided) from any activity that is in violation of the Price Funds S-O Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Investigations of Whistleblower complaints related to Price Funds will be handled in accordance with the T. Rowe Price Global Whistleblower Policy.

**VI. Amendments to the Price Funds S-O Code.** Except as to the contents of **Exhibit A and Exhibit B,** the Price Funds S-O Code may not be materially amended except in written form, which is specifically approved or ratified by a majority vote of each Price Fund Board, including a majority of the independent directors on each Board.

**VII. Confidentiality.** All reports and records prepared or maintained pursuant to the Price Funds S-O Code will be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law, the Price Funds S-O Code or as necessary in connection with regulations under the Price Funds S-O Code, such matters shall not be disclosed to anyone other than the directors of the appropriate Price Fund Board, Outside Counsel to the Price Funds, members of the Ethics Committee and the CCO and authorized persons on his or her staff.

Adoption Date: 10/22/03

Last Revised: 05/11/2022 (Exhibit B revised)

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## Exhibit A
**Persons Covered by the Price Funds and** 

**Price ETFs S-O Code of Ethics** 

David Oestreicher, Executive Vice President and Principal Executive Officer

Alan S. Dupski, Treasurer and Principal Financial Officer

## Exhibit B
Dino Capasso, Chief Compliance Officer