# EDGAR Filing Document

**Accession Number:** 0000075170
**File Stem:** 0001193125-23-046133
**Filing Date:** 2023-2
**Character Count:** 291361
**Document Hash:** e4e06d9cffe5008a129ff8f1ca721773
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-046133.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001193125-23-046133

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**EFFECTIVENESS DATE**: 20230223

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price Small-Cap Stock Fund, Inc.
- **CENTRAL INDEX KEY:** 0000075170
- **IRS NUMBER:** 231622210
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-00696
- **FILM NUMBER:** 23658385

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRICE T ROWE SMALL CAP STOCK FUND INC
- **DATE OF NAME CHANGE:** 19980513

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRICE T ROWE OTC FUND INC
- **DATE OF NAME CHANGE:** 19930210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** OVER THE COUNTER SECURITIES GROUP INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### T. Rowe Price Small-Cap Stock Fund, Inc. (Series ID: S000002120)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000005508 | T. Rowe Price Small-Cap Stock Fund, Inc.         | OTCFX           |
| C000005509 | T. Rowe Price Small-Cap Stock Fund-Advisor Class | PASSX           |
| C000159682 | T. Rowe Price Small-Cap Stock Fund-I Class       | OTIIX           |
| C000219319 | T. Rowe Price Small-Cap Stock Fund-Z Class       | TRZZX           |

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: 811-00696

T. Rowe Price Small-Cap Stock Fund, 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

| OTCFX | T. ROWE PRICE Small-Cap Stock Fund |
| --- | --- |
| PASSX | Small-Cap Stock Fund- Advisor Class |

INVEST WITH CONFIDENCE®

The Small-Cap Stock Fund declined and underperformed the Russell 2000 Index in a year marked by Russia's invasion of Ukraine, elevated inflation exacerbated by rising commodity prices and global supply chain disruptions, tightening financial conditions, and slowing economic and corporate earnings growth.

The consumer discretionary and energy sectors were the largest detractors from the fund's performance related to the most recent financials in information

I Class

TRZZX

Small-Cap Stock Fund-

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

T. ROWE PRICE SMALL-CAP STOCK FUND

Market Commentary

# **HIGHLIGHTS**

technology added value.

Bottom-up stock selection continued to drive our portfolio positioning. We sought
companies that are solving hard problems, believing that they will be successful
regardless of the macro environment.

The economic backdrop remains unattained and we are not ruling out additional
downside from here, but we maintain conviction in our investment process.

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

T. ROWE PRICE SMALL-CAP STOCK FUND

## Dear Shareholder

regardless of the collection and below, the stock is not only a member of a company that has been issued by the company's subsidiaries. The company's major business is a company that has been issued by the company's subsidiaries. The company's major business is a company that has been issued by the company's subsidiaries. The company's major business is a company that has been issued by the company's subsidiaries. The company's major business is a company that has been issued by the company's subsidiaries. The company's major business is a company that has been issued by the company's subsidiaries. The company's major business is a company that has been issued by the company

1

T. ROWE PRICE SMALL-CAP STOCK FUND

Management's Discussion of Fund Performance

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

60% as oil prices jumped in response to Russia's invasion of Ukraine and
the past year has taken a strong role for the world as the second individual in
consents over commodity supply shortages. Defensive shares, such as utilities,
unleached by the brand 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
year with roughly flat returns. Conversely, communication services, consumer
economic growth. However, in our view, there continue to be opportunities for
discretionary and information technology shares suffered the largest declines.
Investments focused on fundamentals. Valuations in most global equity
for more insights from T. Rowe Price
now aid the fund performance of the 2015-2016 annual financial
investment professionals, go to

troweprice.com

| Periods Ended 12/31/22 | Total Return |  |
| --- | --- | --- |
|  | 6 Months | 12 Months |
| Small-Cap Stock Fund | 1.93% | -23.49% |
| Small-Cap Stock Fund-- Advisor Class | 1.79 | -23.69 |

2

T. ROWE PRICE SMALL-CAP STOCK FUND

# **INVESTMENT OBJECTIVE**

The Small-Cap Stock Fund is a member of the American Stock Exchange, a member of the American Stock Exchange, a member of the American Stock Exchange, a member of the American Stock Exchange, a member of the American Stock Exchange, a member of the American Stock Exchange, a member of the American Stock Exchange, a member of the American Stock Exchange, a member of the American Stock Exchange, a member of the American Stock Exchange, a member of the American Stock Exchange, a member of the American Stock Exchange, a member of the American Stock Exchange, a member of

| Small-Cap Stock Fund- I Class | 2.01 | -23.37 |
| --- | --- | --- |
| Small-Cap Stock Fund- Z Class | 2.39 | -22.79 |
| Russell 2000 Index | 3.91 | -20.44 |
| Lipper Small-Cap Core Funds Index | 4.94 | -15.22 |

3

T. ROWE PRICE SMALL-CAP STOCK FUND

In consumer discretionary, our holding in electric vehicle manufacturer Rivian officials on how high rates would have to go. The Fed, which at the end of January 2013 was a major market in the United States, was a major market in the United States. The Fed's share of the market was 2.6% and 2.7% of the market was 2.6%. The Fed's share of the market was 2.6% and 2.7% of the market was 2.6%. The Fed's share of the market was 2.6% and 2.7% of the market was 2.6%. The Fed's share of the market was 2.6% and 2.7% of the market was 2.6%.

| Lipper Small-Cap Growth Funds Index | 2.63 | -26.54 |
| --- | --- | --- |
| S&P 500 Index | 2.31 | -18.11 |

4

T. ROWE PRICE SMALL-CAP STOCK FUND

Within health care, our focus is on identifying investments that we believe will

|  | Percent of Net Assets |  |
| --- | --- | --- |
|  | 6/30/22 | 12/31/22 |
| Health Care | 17.8% | 18.5% |
| Financials | 16.8 | 16.9 |
| Industrials and Business |  |  |

result in the 2000 financial year of the 2000 financial year of the 2000 financial year of the 2000 financial year of the 2000 financial year of the 2000 financial year of the 2000 financial year of the 2000 financial year of the 2000 financial year of the 2000 financial year of the 2000 financial year of the 2000 financial year of the 2000 financial year of the 2000 financial year of the 2000 financial year

5

T. ROWE PRICE SMALL-CAP STOCK FUND

# What is portfolio

| Services | 15.4 | 15.9 | expenditures for fixed fee |
| --- | --- | --- | --- |
| Information | which was the second-worst-performing sector in the benchmark. The |  |  |
| Consumer | of the company's business and the industry. Exposure to the company's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business |  |  |
| Real Estate | of the company's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business |  |  |
| Energy | of the company's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business |  |  |
| Consumer | of the company's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business |  |  |
| Utilities | of the company's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business and the industry's business |  |  |

6

T. ROWE PRICE SMALL-CAP STOCK FUND

# RISKS OF INVESTING IN THE SMALL-CAP STOCK FUND

Materials of the stock, which are typically in the market, are not to be used for the stock. The stock is not to be used for the stock. The stock is not to be used for the stock. The stock is not to be used for the stock. The stock is not to be used for the stock. The stock is not to be used for the stock. The stock is not to be used for the stock. The stock is not to be used for the stock. The stock is not to be used for the stock. The stock is not to be used for the stock. The stock

7

T. ROWE PRICE SMALL-CAP STOCK FUND

**BENCHMARK INFORMATION (CONTINUED)**

**TWENTY-FIVE LARGEST HOLDINGS**

Percent of
Net Assets
12/31/22

8

T. ROWE PRICE SMALL-CAP STOCK FUND

Lattice Semiconductor
and typically more sensitive to changes in overall economic conditions, and
Ingersoll's financial management company, including, in the case of the
their securities may be difficult to trade.
Molina H. and the company's business is a major company, and the company's business is a major company, and the company's business is a major company, and the company's business is a major company, and the company's business is a major company, and the company's business is a major company, and the company's business is a major company, and the company's business is a major company, and the company's business is a major company, and the company's business is a major company, and the company's business is a major company

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

As of 12/31/22

| - Small-Cap Stock Fund | $28,218 |
| --- | --- |
| - - - Russell 2000 Index | 23,696 |
| - - - Lipper Small-Cap Core Funds Index | 24,746 |
| - - - Lipper Small-Cap Growth Funds Index | 27,025 |

9

T. ROWE PRICE SMALL-CAP STOCK FUND

# GROWTH OF $10,000

|  | Periods Ended 12/31/22 | 1 Year | 5 Years | 10 Years | Since Inception | Inception Date |
| --- | --- | --- | --- | --- | --- | --- |
| The views change to a forecast | Small-Cap Stock Fund | -23.49% | 7.70% | 10.93% | - | - |
|  | Small-Cap Stock Fund-Advisor Class | -23.69 | 7.41 | 10.63 | - | - |

10

T. ROWE PRICE SMALL-CAP STOCK FUND

# AVERAGE ANNUAL COMPOUND TOTAL RETURN

Permanent, name of certain of the LSE Group companies, "Russell ®" is/are a trademark(s) of the LSE Group, and the relevant LSE Group companies, and is/are used by any other LSE Group.

| C |  |  |
| --- | --- | --- |
| A | Small-Cap Stock Fund | 0.85% |
| C | Small-Cap Stock Fund-Advisor Class | 1.15 |
| A | Small-Cap Stock Fund-I Class | 0.75 |
| V | Small-Cap Stock Fund-Z Class | 0.74 |

11

T. ROWE PRICE SMALL-CAP STOCK FUND

# EXPENSE RATIO

Enlarge
If plan or loss when you sell your shares. For the most recent month-end performance, 0.7
Assumed, you may claim shown is as of the fund's most recent prospectus. This number may vary
as follows: (1) 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's share

FUND
The fee is not included in the accompanying table. If you are subject to the fee, keep it in mind

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

12

T. ROWE PRICE SMALL-CAP STOCK FUND

**FUND EXPENSE EXAMPLE (CONTINUED)**

As a mutual fund shareholder, you may incur two types of costs: (1) transaction costs, such as redemption fees or sales loads, and (2) ongoing costs including management fees, distribution and service (sub-5) fees and other fund expenses. The following assumptions are based on the following results: (1) the fund's performance and (2) the fund's performance and (3) the fund's performance and (4) the fund's performance and (5) the fund's performance and (6) the fund's performance and (7) the fund's performance and (8) the fund's performance and (9) the fund's performance and (10) the fund's performance and (11) the fund's performance and (12) the fund's performance and (13) the fund's performance and (14) the fund's performance and (15) the fund's performance and (16) the fund's performance and (17) the fund's performance and (18) the fund's performance and (19) the fund's performance and (20) the fund's performance and (21) the fund's performance and (22) the fund's performance and (23) the fund's performance and (24) the fund's performance and (25) the fund's performance and (26) the fund's performance and (27) the fund's performance and (28) the fund's performance and (29) the fund's performance and (30) the fund's performance and (31) the fund's performance and (32) the fund's performance and (33) the fund's performance and (34) the fund's performance and (35) the fund's performance and (36) the fund's performance and (37) the fund's performance and (38) the fund's performance and (39) the fund's performance and (40) the fund's performance and (41) the fund's performance and (42) the fund's performance and (43) the fund's performance and (44) the fund's performance and (45) the fund's performance and (46) the fund's performance and (47) the fund's performance and (48) the fund's performance and (49) the fund's performance and (50) the fund's performance and (51) the fund's performance and (52) the fund's performance and (53) the fund's performance and (54) the fund's performance and (55) the fund's performance and (56) the fund's performance and (57) the fund's performance and (58) the fund's performance and (59) the fund's performance and (60) the fund's performance and (61) the fund's performance and (62) the fund's performance and (63) the fund's performance and (64) the fund's performance and (65) the fund's performance and (66) the fund's performance and (67) the fund's performance and (68) the fund's performance and (69) the fund's performance and (70) the fund's performance and (71) the fund's performance and (72) the fund's performance and (73) the fund's performance and (74) the fund's performance and (75) the fund's performance and (76) the fund's performance and (77) the fund's performance and (78) the fund's performance and (79) the fund's performance and (80) the fund's performance and (81) the fund's performance and (82) the fund's performance and (83) the fund's performance and (84) the fund's performance and (85) the fund's performance and (86) the fund's performance and (87) the fund's performance and (88) the fund's performance and (89) the fund's performance and (90) the fund's performance and (91) the fund's performance and (92) the fund's performance and (93) the fund's performance and (94) the fund's performance and (95) the fund's performance and (96) the fund's performance and (97) the fund's performance and (98) the fund's performance and (99) the fund's performance and (100)

**Investor Class**

The following table shows the number of items in the first two categories, including the first two categories, and the second two categories. The first two categories are labeled as 'the first two' and 'the second two' respectively. The second two categories are labeled as 'the first two' and 'the second two' respectively.

Please note that the fund has four share classes: The original share class (Investor Class).

**NET ASSET VALUE**

| Beginning of period | $69.75 | $63.91 | $52.31 | $41.28 | $47.70 |
| --- | --- | --- | --- | --- | --- |

**Investment activities**

| Net investment income (loss) (1)(2) | (0.03) | (0.13) | (0.01) | (0.03) | 0.01 |
| --- | --- | --- | --- | --- | --- |

---

13

T. ROWE PRICE SMALL-CAP STOCK FUND

# FINANCIAL HIGHLIGHTS

|  | and service (12b-1) fee, Advisor Class shares are offered only through unaffiliated brokers and other financial intermediaries and charges and other fixed fee. The following shares are available to institutionally oriented clients and impose no 12b-1 or administrative fee payment, and Z Class shares are offered only to funds advised by T. Rowe Price and Account Value. The following shares are available to institutionally oriented clients and impose no 12b-1 or administrative fee payment, and Z Class shares are offered only to funds advised by T. Rowe Price and Account Value. The following shares are available to institutionally oriented clients and impose no 12b-1 or administrative fee payment, and Z Class shares are offered only to funds advised by T. Rowe Price and Account Value. The following shares are available to institutionally oriented clients and impose no 12b-1 or administrative fee payment, and Z Class shares are offered only to funds advised by T. Rowe Price and Account Value. | and service (12b-1) fee, Advisor Class shares are offered only through unaffiliated brokers and other financial intermediaries and charges and other fixed fee. The following shares are available to institutionally oriented clients and impose no 12b-1 or administrative fee payment, and Z Class shares are offered only to funds advised by T. Rowe Price and Account Value. The following shares are available to institutionally oriented clients and impose no 12b-1 or administrative fee payment, and Z Class shares are offered only to funds advised by T. Rowe Price and Account Value. | and service (12b-1) fee, Advisor Class shares are offered only through unaffiliated brokers and other financial intermediaries and charges and other fixed fee. The following shares are available to institutionally oriented clients and impose no 12b-1 or administrative fee payment, and Z Class shares are offered only to funds advised by T. Rowe Price and Account Value. | and service (12b-1) fee, Advisor Class shares are offered only through unaffiliated brokers and other financial intermediaries and charges and other fixed fee. The following shares are available to institutionally oriented clients and impose no 12b-1 or administrative fee payment, and Z Class shares are offered only to funds advised by T. Rowe Price and Account Value. |
| --- | --- | --- | --- | --- |
| Advisor Class |  |  |  |  |
| Actual |  |  |  |  |
| Distribution |  |  |  |  |
| NET ASSET VALUE |  |  |  |  |
| Net assets |  |  |  |  |
| Beginning of period | $60.98 | $62.25 | $51.78 | $40.98 |
| NET ASSET VALUE |  |  |  |  |
| Investment activities |  |  |  |  |
| End of period | $51.34 | $69.75 | $63.81 | $52.31 |
| Net investment loss (1)(2) | (0.17) | (0.34) | (0.15) | (0.16) |

14

T. ROWE PRICE SMALL-CAP STOCK FUND

| FINANCIAL INFORMATION |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| The and above the following table (Actual) provides information about actual account values and return before expenses. |  |  |  |  |  |
| 1,000.00 For 1,000.00 (including throughout each year) |  |  |  |  |  |
| expenses based on the fund's actual returns. You may use the information on this line, together with your account balance, to estimate the expenses that you paid over the period. Simply check your account value by $1,000 (for example, an $8,000) amount value divided by $1,000 |  |  |  |  |  |
| I Class |  |  |  |  |  |
| by the number on the first line under the heading "Expenses Paid |  |  |  |  |  |
| expenses you paid on your account during this period. (1.28) |  |  |  |  |  |
| 1,000.00 10.45 1,028.48 13.55 (1.48) |  |  |  |  |  |
| II - Statistical Example for Comparison Purposes |  |  |  |  |  |
| 12/31/20 12/31/19 12/31/18 |  |  |  |  |  |
| Total ASSET VALUE |  |  |  |  |  |
| (23.49)% 17.14% 25.05% 33.53% (3.24)% |  |  |  |  |  |
| Beginning of period $65.76 $63.92 $52.31 $41.26 $47.71 |  |  |  |  |  |
| Ratios to average net assets: (2) |  |  |  |  |  |
| NET ASSET VALUE |  |  |  |  |  |
| Total net assets before waivers/ |  |  |  |  |  |
| Net investment income (loss) (3)(2) $50.62 $68.99 $63.23 $51.78 $40.88 |  |  |  |  |  |

15

T. ROWE PRICE SMALL-CAP STOCK FUND

# FINANCIAL HIGHLIGHTS

The second line of the fund's actual return is based on hypothetical account values and expenses derived from the fund's actual return. You may compare the ongoing return before expenses (not the fund's actual return). You may compare the ongoing return before expenses (not the fund's actual return). You may compare the ongoing return before expenses (not the fund's actual return). You may compare the ongoing return before expenses (not the fund's actual return). You may compare the ongoing return before expenses (not the fund's actual return). You may compare the ongoing return before expenses (not the fund's actual return). You may compare the ongoing return before expenses (not the fund's actual return).

# Z Class[{"box_2d": [35, 146, 613, 240], "label": "table", "caption": "

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| Total return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

|  | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |
| --- | --- | --- | --- | --- |
| Return before expenses | 1,000.00 | 1,021.32 | 1,021.32 | 1,021.32 |

<table><thead><tr><th></th><th>1,000.00</th><th>1,021.32</th><th>1,021.32</th><th>1,021.32</th></tr></thead><tr><td>Return before expenses</td><td>1,000.00</td><td>1,021.32</td><td>1,021.32

T. ROWE PRICE SMALL-CAP STOCK FUND

December 31, 2022

FINANCIAL - HIGHLIGHTS

* Expenses are equal to the fund's annualized expense ratio for the 6-month period. $ Value
(Cost and Value in % of Total)

| COMMON STOCKS | $1.7% | $1.5% | $1.4% | $1.3% | $1.2% |
| --- | --- | --- | --- | --- | --- |
| Net Asset Value | 1.7% | 1.5% | 1.4% | 1.3% | 1.2% |
| Total Investment | 1.7% | 1.5% | 1.4% | 1.3% | 1.2% |
| Net Asset Value | 1.7% | 1.5% | 1.4% | 1.3% | 1.2% |
| Total Investment | 1.7% | 1.5% | 1.4% | 1.3% | 1.2% |

NET ASSET VALUE

17

T. ROWE PRICE SMALL-CAP STOCK FUND

| Colonial Holdings (1) | 1,121,017 | 9,708 |
| --- | --- | --- |
|  | Shares | 5/Value |
| Interesting Media Services 0.3% |  |  |
| Household Durables 0.5% | 911,300 | 19,183 |
| End of period | $51.43 | $69.79 |
| Value of the Company's authorized using average shares outstanding method | $1,121,017 | $9,708 |
| Payments by Price Associates | 0.75% | 0.75% |
| Payments by the Bureau of Revenue related arrangements with Price Associates | 0.75% | 0.75% |
| Total return reflects the rate that an investor would have earned on an investment in the fund | 0.75% | 0.75% |
| Return of the Stockholders' Equity | 0.75% | 0.75% |
| Net investment income (loss) | 0.12% | 0.08% |
| Total return | (22.79)% | 18.14% |
| Portfolio turnover rate | 24.3% | 14.9% |
| Retained earnings per share (2) | 18.6% | 24.1% |

18

T. ROWE PRICE SMALL-CAP STOCK FUND

| Total Communication Services | 38,247 |
| --- | --- |
| CONSUMER DISCRETIONARY 10.0% | 2,487,109 Shares 11.7% |
| Allowance (10.0%) | 679,388 21,897 |
| Total Assets (10.0%) |  |
| Total Assets (10.0%) |  |
| Total Assets (10.0%) |  |
| Total Assets (10.0%) |  |
| Total Assets (10.0%) |  |
| Total Assets (10.0%) |  |
| Total Assets (10.0%) |  |
| Total Assets (10.0%) |  |

19

T. ROWE PRICE SMALL-CAP STOCK FUND

| Bright Horizons Family Solutions (1) | 644,179 | 40,648 |
| --- | --- | --- |
| Standard Model 2-7-8 | 1,399,478 | 56,488 |
| High-Scale Class A | 1,399,478 | 56,488 |
| Redemption of the 100% Shares $16.00, Acquisition Date: 8/2/21, | 505,089 | 102,412 |
| High-Scale Class A | 1,399,478 | 56,488 |
| Full Price | 108,790 | 29,854 |
| Full Price | 1,041,495 | 29,854 |
| Full Price | 1,041,495 | 29,854 |
| Full Price | 649,925 | 47,354 |
| Full Price | 649,925 | 47,354 |
| Full Price | 1,072,263 | 21,222 |
| Full Price | 1,072,263 | 21,222 |
| Full Price | 1,072,263 | 21,222 |
| Full Price | 1,072,263 | 21,222 |
| Full Price | 1,072,263 | 21,222 |

20

T. ROWE PRICE SMALL-CAP STOCK FUND

| B.Ts Restaurants (1) | 1,094,082 | 28,862 |
| --- | --- | --- |
| Liberty's Army Class A | 2,949,621 | 47,144 |
| Seaside General's Luxury Goods (1) | 1,100,788 | 315 Value |
| Seaside General's Luxury Goods (1) | 4,613,457 | 42,628 |
| Seaside General's Luxury Goods (1) | 1,169,400 | 49,056 |
| Seaside General's Luxury Goods (1) | 1,169,400 | 49,056 |
| Supermark - Business Warrants - 10/12/28 - Acquisition - Date: | 2,037,680 | 112,955 |
| Bill Gas & Consumable Fuels 3.6% | 68,245 | 49,056 |
| Marine & Vending - Worldwide | 1,331,500 | 22,585 |
| Marine & Vending - International | 2,981,934 | 64,492 |
| The National Bank of the United States - Federal part of these financial statements: | 1,169,400 | 22,585 |
| CONSUMER STAPLES 3.5% | 1,432,424 | 44,496 |
| Redemption Gourmet Burgers (1) | 1,472,340 | 26,091 |

21

T. ROWE PRICE SMALL-CAP STOCK FUND

| Bargain Cost | 1,057,125 | 31,925 |
| --- | --- | --- |
| Bargain Cost | 1,019,500 | 28,000 |
| Bargain Cost | 1,019,500 | 28,000 |
| Bargain Cost | 1,019,500 | 28,000 |
| Bargain Cost | 1,019,500 | 28,000 |
| Bargain Cost | 1,019,500 | 28,000 |
| Bargain Cost | 1,019,500 |  |
| Bargain Cost | 1,019,500 |  |
| Bargain Cost | 1,019,500 |  |
| Bargain Cost | 1,019,500 |  |
| Bargain Cost | 1,019,500 |  |
| Bargain Cost | 1,019,500 |  |
| Bargain Cost | 1,019,500 |  |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |
| Bargain Cost | 1,019,500 |  |
| Bargain Cost | 1,019,500 |  |
| Bargain Cost | 1,019,500 |  |
| Bargain Cost | 1,019,500 |  |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |
| Bargain Cost | 1,019,500 |  |
| Bargain Cost | 1,019,500 |  |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |
| Bargain Cost | 1,019,500 |  |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |
| Bargain Cost | 1,019,500 |  |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
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|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
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|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
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|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
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|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
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|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
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|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
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|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
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|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
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|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
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|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
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|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
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|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
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|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
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|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
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|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
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|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
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|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
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|  | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
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| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

</table>

| Bargain Cost |  |
| --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

| Bargain Cost | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

</table>

| Bargain Cost |  |
| --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

|  | 1,019,500 |  |
| --- | --- | --- |

</table>

| Bargain Cost |  |
| --- | --- |

<tr><td></td><td>1,019,500</td><td></td></tr></table></table>

|  | 1,019,500 |  |
| --- | --- | --- |

</table>

| Bargain Cost |  |
| --- | --- |

</table>

|  | 1,019,500 |  |
| --- | --- | --- |

</table>

|  | 1,019,500 |  |
| --- | --- | --- |

</table></table>

| Bargain Cost |  |
| --- | --- |

</table>

|  | 1,019,500 |  |
| --- | --- | --- |

</table>

|  | 1,019,500 |  |
| --- | --- | --- |

</table></table>

|  | 1,019,500 |  |
| --- | --- | --- |

</table></table>

|  | 1,019,500 |  |
| --- | --- | --- |

</table></table></table></table></table></table>[{"box_2d": [33, 680, 333, 691], "label": "table", "caption": "[Non-Text]
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[

T. ROWE PRICE SMALL-CAP STOCK FUND

| Food Products, 2.0% | 1,076,189 | 418,907 |
| --- | --- | --- |
| Waste Additives | 983,852 | 2.0% |
| Other Non-Extruded Services | 1,280,243 | 78,132 |
| Waste and Non-Extruded | 1,031,163 | 61,410 |
| Waste and Non-Extruded | 1,013,242 | 21,252 |
| Protein, 2.0% | 1,266,946 | 128,582 |
| Protein, 2.0% | 1,283,444 | 74,488 |
| Protein, 2.0% | 1,282,907 | 1,378,670 |
| Protein, 2.0% | 1,283,440 | 18,100 |
| Protein, 2.0% | 1,279,822 | 56,801 |
| Protein, 2.0% | 1,279,822 | 24,100 |
| Protein, 2.0% | 1,279,822 | 24,100 |
| Protein, 2.0% | 1,279,822 | 24,100 |
| Protein, 2.0% | 1,279,822 | 24,100 |
| Protein, 2.0% | 1,279,822 | 24,100 |

23

T. ROWE PRICE SMALL-CAP STOCK FUND

| GroupFirst-Bankshares (1) | 1,948,580 | 18,494 |
| --- | --- | --- |
| GroupSecond-Bankshares A | 1,216,382 | 20,001 |
| GroupCommercial-Bankshares | 1,064,000 shares | 2,000 value |
| GroupCommercial-Bankshares (1) | 295,700 | 28,900 |
| GroupCommercial-Bankshares (1) | 1,000,000 | 52,000 |
| GroupCommercial-Bankshares (1) | 1,000,000 | 52,000 |
| GroupCommercial-Bankshares (1)(2) | 1,000,000 | 52,000 |
| 5/6/19, Cost $2,938 (1)(3)(4) | 1,000,000 | 1,000,000 |
| 5/6/19, Cost $2,938 (1)(3)(4) | 1,000,000 | 1,000,000 |
| 5/6/19, Cost $2,938 (1)(3)(4) | 1,000,000 | 1,000,000 |
| 5/6/19, Cost $2,938 (1)(3)(4) | 1,000,000 |  |
| 5/6/19, Cost $2,938 (1)(3)(4) | 1,000,000 |  |
| 5/6/19, Cost $2,938 (1)(3)(4) | 1,000,000 |  |
| 5/6/19, Cost $2,938 (1)(3)(4) | 1,000,000 |  |

24

T. ROWE PRICE SMALL-CAP STOCK FUND

| Blueprint Medicines (1) | 687,149 | 30,104 |
| --- | --- | --- |
| Boxing Glass A (1) | 684,453 | 28,440 |
| Level of Pharmacy (1) Holdings (1) | 684,453 | 28,440 |
| Diversified Financial Services 0.1% | 684,453 | 28,440 |
| Share of Pharmacy (1) | 684,453 | 28,440 |
| Life Sciences Tools & Services 1.4% | 684,453 | 28,440 |
| Business Services (1) | 684,453 | 28,440 |
| Interest, Retirement, Date: 6/29/18 - 12/2/19, Cost $4,339 (1)(2)(4) | 684,453 | 28,440 |
| Interest, Retirement, Date: 9/28/20, Cost $2,258 (1)(2) | 684,453 | 28,440 |
| Corporate (1) | 684,453 | 28,440 |
| Corporate (1) | 684,453 | 28,440 |
| Insurance & Equipment & Supplies 3.4% | 684,453 | 28,440 |
| Income, Retirement, Group (1) | 684,453 | 28,440 |
| Construction & Engineering 0.2% | 684,453 | 28,440 |
| LegalExch.com (1) | 684,453 | 28,440 |

25

T. ROWE PRICE SMALL-CAP STOCK FUND[{"box_2d": [36, 84, 619, 195], "label": "table", "caption": "

| Biomassings, ADR (1) | 276,831 | 25,755 |
| --- | --- | --- |
| Biomassings, MMI Holdings (1) | 300,700 | 18,000 |
| Biomassings, Biosystems, Class A (1) | 2,902,000 | 43,000 |
| ICU Medical (1) | 305,846 | 68,000 |
| Biomassings, 1000s (1) | 439,695 | 8,403 |
| Biomassings, Equipment 0.9% | 242,900 | 35,937 |
| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| Biomassings, 1000s (1) | 1,000,000 | 14,000 |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |
| Biomassings, 1000s (1) | 1,000,000 | 14,000 |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |
| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| Biomassings, 1000s (1) | 1,000,000 | 14,000 |

</table>

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

</table>

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

</table>

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

</table>

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

</table>

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

</table>

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

</table>

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

</table>

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

</table>

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

</table></table>

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

</table></table>

| Biomassings, 1000s (1) | 1,000,000 | 14,000 |
| --- | --- | --- |

</table></table><table><tr><td>Biom

T. ROWE PRICE SMALL-CAP STOCK FUND

| Catalyst (1) | 727,091 | 32,726 |
| --- | --- | --- |
| Trading Companies & Distributors 1.5% |  |  |
| Trading Companies (1) Class A (1) | 1,988,488 | 41,304 |
| Machinery 6.8% | 1,988,488 | 41,304 |
| Other (1) Class A (1) | 1,988,488 | 41,304 |
| Other (1) Class A (1) | 1,988,488 | 41,304 |
| Other (1) Class A (1) | 2,088,400 | 92,740 |
| Trading Companies (1) | 2,088,400 | 92,740 |
| Trading Companies (1) | 2,088,400 | 92,740 |
| Trading Companies (1) | 2,088,400 | 92,740 |
| Trading Companies (1) | 2,088,400 | 92,740 |

| INDUSTRIALS & BUSINESS SERVICES 14.5% |  |  |
| --- | --- | --- |
| INDUSTRIALS & BUSINESS SERVICES 14.5% | 482,085 | 1,488,682 |
| Cash | 482,085 | 1,488,682 |
| Trading Companies (1) | 482,085 | 1,488,682 |
| Trading Companies (1) | 482,085 | 1,488,682 |
| Trading Companies (1) | 482,085 | 1,488,682 |
| Trading Companies (1) | 482,085 | 1,488,682 |

| West Fraser Timber (CAD) | 229,247 | 16,553 |
| --- | --- | --- |

27

T. ROWE PRICE SMALL-CAP STOCK FUND

| Cadre Holdings | 1,540,722 | 10,890 |
| --- | --- | --- |
| International Technology 12.0% | 1,103,000 | 7,110 |
| Partners (1) | 1,002,000 | 10,000 |
| Communications Equipment 0.2% | 1,015,000 | 10,000 |
| Electronics (1000s) | 500,587 | 9,386 |
| Healthcare (1000s) | 630,848 | 284,043 |
| Chemicals (1000s) | 800,620 | 69,828 |
| Research and Research Renewable Electricity Producers 0.4% | 2,023,624 | 105,734 |
| International Holdings (1) | 2,927,000 | 50,983 |
| Healthcare (1000s) | 330,000 | 20,000 |
| Healthcare (1000s) | 773,108 | 52,450 |
| Food (1) | 2,086,475 | 17,200 |
| Power (1) | 330,400 | 40,117 |
| Power (1) | 2,086,475 | 17,200 |
| Electronic Equipment, Instruments & Components 3.2% | 330,400 | 40,117 |
| Power (1000s) | 2,086,475 | 17,200 |
| Power (1000s) | 2,086,475 | 17,200 |

28

T. ROWE PRICE SMALL-CAP STOCK FUND

| MTBO (1) | 1,208,463 | 65,544 |
| --- | --- | --- |
| Car & Motor Service REITbup | 540,000 | 85,406 |
| Paydown Software (1) | 200,000 | 18,000 |
| SPR, R&D, R&D Trust, REIT | 488,000 | 68,000 |
| Paydown (1) | 1,224,000 | 30,000 |
| Paydown, Conmunities, REIT, REIT | 907,272 | 38,014 |
| SPR, R&D, R&D Trust, 12/22/21, Cost $2,034 (1)(2)(4) | 1,026,857 | 27,000 |
| Conmunities, R&D Trust, REIT | 1,884,568 | 51,000 |
| Paydown (1) | 908,000 | 58,000 |
| Paydown, Conmunities (1) | 1,045,418 | 57,122 |
| Paydown, Conmunities, Reit, Reit Acquisition Date: 8/14/20, | 1,053,000 | 300,000 |
| Reit, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, | 1,053,000 | 300,000 |
| Reit, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, R&D, | 1,053,000 | 300,000 |
| Reit, R&D, R&D, R&D, Holding | 1,053,000 | 27,000 |
| Cans Life Sciences, Series D, Acquisition Date: 5/11/21, |  |  |

29

T. ROWE PRICE SMALL-CAP STOCK FUND

| Total Common Stocks (Cost $6,061,030) |  |  |
| --- | --- | --- |
|  | 993,799 | 7,000,000 |
| Net Income | Shares | $ Value |
| Non-Share Management & Development 1.7% |  |  |
| Non-Share Management & Development 3.8% |  | 17,251 |
| Non-Share Management & Development 6.4% | 6,438,642 | 35,210 |
| Non-Share Management & Development 9.1% | 238,500 | 9,519 |
| Non-Share Management & Development 4/4/21, Cost $1,148 (1) | 4,696,467 | 85,429 |
| Non-Share Management & Development 1/8/21, Cost $5,415 (1)(2) | 1,108,034 | 12,670 |
| Non-Share Management & Development 1/20/22, Cost $5,620 (1)(2) | 5,226,409 | 16,215 |
| Non-Share Management & Development Holdings | 1,000,000 | 50,000 |
| Non-Share Management & Development 6/23/20 - 3/26/21, | 280,561 | 46,975 |
| Non-Share Management & Development 4/14/21, Cost $2,746 (1)(2)(4) | 3,492,000 | 28,858 |
| Non-Share Management & Development 4/14/21, Cost $2,746 (1)(2)(4) | 710,365 | 220,820 |
| Non-Share Management & Development 0.1% |  |  |

30

T. ROWE PRICE SMALL-CAP STOCK FUND

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |
| Professional Services 0.2% |  | 148,469 |
| Professional Services 0.2% |  | 148,469 |
| Professional Services 0.2% |  | 148,469 |
| Professional Services 0.2% |  | 148,469 |
| Professional Services 0.2% |  | 148,469 |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |
| Professional Services 0.2% |  | 148,469 |
| Professional Services 0.2% |  | 148,469 |
| Professional Services 0.2% |  | 148,469 |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

</table>

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

</table>

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

</table>

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

</table>

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

</table>

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

</table>

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

</table>

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

</table>

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

</table>

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

</table>

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

</table>

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

</table>

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

</table>

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

</table>

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

</table>

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

</table></table>

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

</table></table>

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

</table></table>

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

</table></table>

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

</table></table>

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

</table></table>

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

</table></table>

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

</table></table>

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

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

| Professional Services 0.2% |  | 148,469 |
| --- | --- | --- |

</table>

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

| Commercial Services | Total | 1,000,000 |
| --- | --- | --- |

[{"box_2d

T. ROWE PRICE SMALL-CAP STOCK FUND

| Cost $698 (1)(2)(4) | 79,390 | 78,822 |
| --- | --- | --- |
| National Resilience Series B Acquisition Date: 10/20/21 | 740,142 | 3,894 |
| Total Consumer Discretionary | 497,323 | 30,202 |
| National Resilience Series C Acquisition Date: 6/9/21 | 153,828 | 40,878 |
| Total Consumer Discretionary | 472,857 | 55,882 |
| Total Consumer Discretionary | 261,906 | 55,906 |
| Total Consumer Discretionary | 261,906 | 55,906 |
| Total Consumer Discretionary | 261,906 | 55,906 |
| Total Consumer Discretionary | 261,906 | 55,906 |
| Total Consumer Discretionary | 261,906 | 55,906 |

INFORMATION TECHNOLOGY 0.85
Inclusive Series B Acquisition Date: 10/20/21 (restricted security). Acquisition Date: 10/20/21
IT Services 0.35, date represents the day on which an enforceable right to acquire such security.
Total Consumer Discretionary Date: 10/27/21, Cost $4,702 (1)(2)(4).
New Nus Series B Acquisition Date: 10/27/21 with related cost in the security description.
Total Consumer Discretionary fund may have registration rights for certain restricted securities. Any

32

T. ROWE PRICE SMALL-CAP STOCK FUND

| Cost $4,277 (1)(2)(4) | 293,317 | 35,936 |
| --- | --- | --- |
| Total information received (excluding securities, including 1,000 holdings) at period end amortized |  |  |
| Total information received (excluding securities, including 1,000 holdings) at period end amortized | 95,996 | 1,811 |
| Balance at 12 months end amortization of the assets |  |  |
| Balance at 12 months end amortization of the assets | 95,996 | 1,811 |
| Balance at 12 months end amortization of the assets |  |  |
| Balance at 12 months end amortization of the assets | 95,996 | 1,811 |
| Balance at 12 months end amortization of the assets |  |  |
| Balance at 12 months end amortization of the assets | 95,996 |  |
| Balance at 12 months end amortization of the assets |  |  |
| Balance at 12 months end amortization of the assets | 95,996 |  |
| Balance at 12 months end amortization of the assets |  |  |
| Balance at 12 months end amortization of the assets | 95,996 |  |
| Balance at 12 months end amortization of the assets |  |  |

33

T. ROWE PRICE SMALL-CAP STOCK FUND

| securities, or a company that is subject to a certain policy or law, and the following securities were | 2,000 |
| --- | --- |
| and the following securities were | 2,000 |
| and the following securities were | 2,000 |
| and the following securities were | 2,000 |
| and the following securities were | 2,000 |
| and the following securities were | 2,000 |
| and the following securities were | 2,000 |

34

T. ROWE PRICE SMALL-CAP STOCK FUND

December 31, 2022

| Total Convertible Receivables (Cost $2,451) | Purchase | Sales | 321,000 |
| --- | --- | --- | --- |
| Reported 2/31/22, Young shares 12/31/22 | Cost | 348,000 | 12/31/22 |
| Reported 2/31/22, Young shares 12/31/22 | 3,576- | 148 | 31,151- |
| Reported 2/31/22, Young shares 12/31/22 | 118 | (8,061) | 26,738 |
| Reported 2/31/22, Young shares 12/31/22 | - | 3,870- | 597* |
| Reported 2/31/22, Young shares 12/31/22 | - | (3,709) | - |
| Reported 2/31/22, Young shares 12/31/22 | - | 244,000 | 244,000 |
| Reported 2/31/22, Young shares 12/31/22 | - | (10,000) | 4,638 |
| Reported 2/31/22, Young shares 12/31/22 | - | 261,432- | 244,000 |
| Reported 2/31/22, Young shares 12/31/22 | - | - | 3,225 |
| 5/6/24 Receivable for shares sold | 211 | - | 1,656 |
| Due from affiliates |  |  | 21 |
| Receivable for investment securities sold |  |  | 1 |
| Cash |  |  | 1 |
| Other assets |  |  | 1,280 |

35

T. ROWE PRICE SMALL-CAP STOCK FUND

December 31, 2022

| PLANNING | QUANTITY | $ | 497# | $ | (25,830) | $ | 4,956+ |
| --- | --- | --- | --- | --- | --- | --- | --- |
| FINANCIAL NOTES |  |  |  |  |  |  |  |
| Payable for all (as of 1st per share amounts) |  |  |  |  | 210 |  | 15,712 |
| (Cost $6,582,540) | 25,432 |  | 2,811 |  | 491 |  | 31,622 |
| Torchys Holdings | 6,750 |  | - |  | - |  | 8,467,393 |
| Torchys Holdings, Class A | 34,379 |  | - |  | - |  | 3,041 |
| Total assets |  |  |  |  |  |  | 15,490 |
| T. Rowe Price |  |  |  |  |  |  | 8,478,214 |
| NET ASSETS |  |  |  |  |  |  |  |
| Reserves and other liabilities |  |  |  |  |  |  | 24,988,258 |
| Total |  |  |  |  |  |  | $24,988,258 |
| Total |  |  |  |  |  |  | $341,875 |
| Payable for shares redeemed |  |  |  |  |  |  | 54,240 |
| Increased management fees payable |  |  |  |  |  |  | 6,452,970 |
| Payable to directors |  |  |  |  |  |  | 5 |
| NET ASSETS |  |  |  |  |  |  | $8,417,931 |
| Total liabilities |  |  |  |  |  |  | 60,283 |
| NET ASSET VALUE PER SHARE |  |  |  |  |  |  |  |

36

T. ROWE PRICE SMALL-CAP STOCK FUND

# STANDING OF ASSETS AND LIABILITIES

| *** | Underlying Price funds represented $0 of the net realized gain ($000), except shares and per share amounts) |
| --- | --- |
| ** | Excludes earnings on securities lending collateral, which are subject to rebates and fees as described in Note 3. |
| + | Investment income comprised $4,956 of dividend income and $0 of interest income. |
| 0 | Net assets |
| ^ | Net assets |
| ^ | Net assets |
| + | Net assets |
| *** | Net assets |
| *** | Net assets |
| *** | Net assets |
| *** | Net assets |
| *** | Net assets |
| *** | Net assets |
| *** | Net assets |
| *** | Net assets |
| *** | Net assets |
| *** | Net assets |
| *** | Net assets |
| *** | Net assets |

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

37

T. ROWE PRICE SMALL-CAP STOCK FUND

# STATEMENT OF OPERATIONS

($000s)

(52,973,866,344 / 57,770,421 shares outstanding)

$

Year
51,43

Ended
08/10
12/31/22

Realized and Unrealized Gain / Loss

| Investor Class | $ | 4,984 |
| --- | --- | --- |
| Net realized gain (loss) |  |  |
| Advisor Class |  | 124 |
| Securities |  | 737 |
| I Class |  |  |
| Foreign currency transactions |  |  |
| Plus, P/E-1 loss |  |  |
| Net realized gain |  |  |
| Advisor Class |  |  |

616,711
5,345
(103)

616,608
191

38

T. ROWE PRICE SMALL-CAP STOCK FUND

# STATEMENT OF OPERATIONS

($000s)

| Change in net and share gain / loss on securities | Year | (3,332,144) |
| --- | --- | --- |
| Net realized and unrealized gain / loss | Ended | (2,715,536) |
|  | 12/31/22 | 12/31/21 |
| Increase (Decrease) in Net Assets | 12 |  |
| DECREASE IN NET ASSETS FROM OPERATIONS | 37 | $(2,685,673) |
| Operations |  |  |
| - Class | 2 | 125 |
| Net investment income | $29,863 | $15,361 |
| Custody and accounting |  |  |
| Net realized gain | 616,608 | 1,169,551 |
| Lease and other |  |  |
| Change in net unrealized gain / loss | (3,332,144) | 700,540 |
| Revaluation |  |  |
| Increase (decrease) in net assets from operations | (2,685,673) | 1,885,182 |

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

39

T. ROWE PRICE SMALL-CAP STOCK FUND

# STATEMENT OF CHANGES IN NET ASSETS financial statements.

($000s)

| Directors | Year | 24 |
| --- | --- | --- |
| Distributions to shareholders | Ended | 76 |
| Net Assets | 12/31/22 | 12/31/21 |
| Net Assets Class | (95,901) | (23,548) |
| In 2004 (Increase) during period | (3,308,809) | (350,722) |
| Net investment income | 11,763,761 | 11,763,761 |
| Beginning of period |  |  |
| End of period | $8,417,931 | $11,621,791 |
| Decrease in net assets from distributions | (364,954) | (811,807) |
| *Share information (000s) |  |  |

40

T. ROWE PRICE SMALL-CAP STOCK FUND

# STATEMENT OF CHANGES IN NET ASSETS

($000s)

Capital share transactions
Compressor Class of 1940 (the 1940 Act) as a diversified, open-end management investment
Shares sold
Compressor Class Fund seeks to provide long-term capital growth in investing purposes
In addition to small companies. The fund has four classes of shares: the Small-Cap Stock
Fund (Compressor Class), the Small-Cap Stock Fund-Advisor Class (Advisor Class)
The Small-Cap Stock Fund-I Class (I Class) and the Small-Cap Stock Fund-Z Class
Dispositions reinvested
Compressor Class Shares are sold only through various partners and other
financial intermediaries. I Class shares require a $500,000 initial investment minimum,

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

41

T. ROWE PRICE SMALL-CAP STOCK FUND

# NOTE TO FINANCIAL STATEMENTS

T. Rowe Price Small-Cap Stock Fund, Inc. (the fund) is registered under the Investment
Transactions are accounted for on the trade date basis. Income and expenses are
Advisory Class 2,627 6,704
incorporated in the accrual basis. Realized gains and losses are reported on the investment
transitions and the minimum generally is waived or reduced for financials intermediates 2,674
of the investment tax-related interest and penalties. If incurred, are recorded on the
eligible retirement plans, and certain other accounts. Prior to December 15, 2013, the
investor has made Dividends received from mutual fund investments are reflected as
interest expense. This minimum was $1 million and was generally valued for financials
divided in income, capital gain distributions are reflected as interest gain/loss/loss and
intermediates, eligible retirement plans, and other certain accounts. As a result of the
incorporated capital gain distributions are recorded on the stock and date basis
reduced in the Class minimum, certain assets transferred during the investor
Decrease in the Company's business. The partnerships for federal income tax purposes
in the Class. This transfer of shares from Investor Class to Class is reflected in the
Decrease in net assets from capital share.
Statement of Changes in Net Assets within the Capital shares transactions as Shares

42

T. ROWE PRICE SMALL-CAP STOCK FUND

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

the tax character of such earnings. Distributions from REITs are initially recorded as by fund shares. The fund's net asset value (NAV) per share is computed at the close of dividend income and to the extent such represent a return of capital or capital gain. The New York Stock Exchange (NYSE), normally a p.m. ET, shall pay the NYSE. Upon receipt of this share, each shareholder will be paid in one available amount, except for business. However, the NAV per share may be calculated at a time other than the business of any one recorded at the tax. This is a result of the 1st of the year. The NYSE is restricted. If the NYSE closes earlier, from initials' purchases, it will be recorded. If either has retained cash flows or change or as may be permitted by the SEC Purchases and redemptions of fund shares are in the unsecured, public, or foreign currency, the NYSE is not a result of the 1st of the year. This is a result of the 1st of the year. This is a result of the 1st of the year.

services, the investor, I and Z Classes do not pay Rule 12b-1 fees. Each class has exclusive voting rights on matters related solely to that class; separate voting rights

43

T. ROWE PRICE SMALL-CAP STOCK FUND

**Capital Transactions** Each investor's interest in the net assets of the fund is represented

class annually. A capital gain distribution, if any may also be declared and paid by the fund, is not a result of the results. The Fund is not a result of the results.

**New Accounting Guidance** The Fund is not a result of the results.

**NOTE** **Significant Accounting Policies** The Fund is not a result of the results.

**Basis of Preparation** The fund is an investment company and follows accounting and

44

T. ROWE PRICE SMALL-CAP STOCK FUND

Various valuation techniques and inputs are used to determine the fair value of financial
years beginning in December 2023. The data is based on the fair value of financial
provisions and the fair value of the financial statements. The fair value of financial
provisions and the fair value of the financial statements is based on the fair value of financial
provisions and the fair value of the financial statements. The fair value of financial
provisions and the fair value of the financial statements is based on the fair value of financial
provisions and the fair value of the financial statements. The fair value of financial
provisions and the fair value of the financial statements is based on the fair value of financial
provisions and the fair value of the financial statements.

45

T. ROWE PRICE SMALL-CAP STOCK FUND

will affect the value of some or all of the fund's portfolio securities. Each business day,

the following is the amount of the company's share of the company's share of the market based on the inputs used to determine their fair values on December 31, 2022 (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

NOTE for the information and data are not available and are developed using the best information investments in mutual funds available about the assumptions. The information is provided in the following table:

46

T. ROWE PRICE SMALL-CAP STOCK FUND

**Valuation Inputs** The following table summarizes the fund's financial instruments.

| Investments | Value | Valuation | Significant Unobservable Input(s) | Value or Range of Input(s) | Weighted Average of Input(s) | Impact to Valuation from an Increase in Input** |
| --- | --- | --- | --- | --- | --- | --- |
| in Securities | (000s) | Technique(s) | Factor 1 | Factor 2 | Factor 3 | in Input** |
| Valuation Techniques | 100,000 | Technique(s) | Factor 1 | Factor 2 | Factor 3 | in Input** |
| Valuation Techniques | 100,000 | Technique(s) | Factor 1 | Factor 2 | Factor 3 | in Input** |
| Valuation Techniques | 100,000 | Technique(s) | Factor 1 | Factor 2 | Factor 3 | in Input** |

47

T. ROWE PRICE SMALL-CAP STOCK FUND

| Investment in Securities | Value (000s) | Valuation (000s) | Significant Unobservable Input(s) | Value or Range of Input(s) | Weighted Average of Input(s) | Impact to Valuation from an Increase in Input |
| --- | --- | --- | --- | --- | --- | --- |
| from an index of the closing bid and a fixed price for domestic securities and the last quoted date of closing price for international securities on a regular basis. Because any fair balance is available, the investment in securities is not included in the financial statements. |  |  |  |  |  |  |

48

T. ROWE PRICE SMALL-CAP STOCK FUND

| Investments in Securities | Value (000s) | Valuation Technique(s)+ | Significant Unobservable Output(s) | Value or Range of Input(s) | Weighted Average of Input(s)* | Impact to Valuation from an Increase in Input** |
| --- | --- | --- | --- | --- | --- | --- |
| Total |  | $502,229 | $502,229 | 44.87x $19.33 | 19.33 | $450,494 |

49

T. ROWE PRICE SMALL-CAP STOCK FUND

| Investments in Securities | Value (000s) | Valuation Technique(s)+ | Significant Unobservable Input(s) | Value or Range of Input(s) | Weighted Average of Input(s)* | Impact to Valuation from an Increase in Input* |
| --- | --- | --- | --- | --- | --- | --- |
| fair values, the unobservable | 321,338 | inputs, presented | inputs, project | inputs, project | inputs, project | inputs, project |
| Convertible fair value determination. |  | Disbursed | Disbursed | 27% | 27% | Increase |

50

T. ROWE PRICE SMALL-CAP STOCK FUND

Stocks transaction value
fund the next business day. Cash and cash equivalents in accordance with investment guidelines approved by fund management. The funding against undertakings the fund against losses resulting from borrowings. Although risk is mitigated by the collateral and indemnification, the fund could experience a delay in recovering its securities and a possible loss of income. Such a loss in the borrower fails to return the securities, collateral investments decline in value and the lending agent fails to perform. Securities lending revenue consists of earnings on invested collateral and borrowing

51

T. ROWE PRICE SMALL-CAP STOCK FUND

additional collateral required due to changes in security values is delivered to the
+ Valuation techniques may change in order to reduce the Valuation. Resignee 10, 2022
+ less net of any related to the services, compared to the funding agent and the
* Unobservable inputs were weighted by the other party
** Represents the directional change in the fair value
are reflected in the accompanying financial statements
herein. The Company has not been a significant
form of securities in any of December 31, 2022, and 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's share

52

T. ROWE PRICE SMALL-CAP STOCK FUND

The tax character of distributions paid for the periods presented was as follows:

| Valuation | Description | Multiple | Discount | 10% | 10% | Decrease |
| --- | --- | --- | --- | --- | --- | --- |
| 10% | Tax distributions |  | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 10% | Tax distributions |  | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

NOTE 3 - OTHER INVESTMENT TRANSACTIONS

NOTE 4 - FEDERAL INCOME TAXES

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:[{"box, [69, [69, [69, [69,,, -"}]

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:[{"box, [69, [69, [69, [69, [69, -"}]

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:[{"box, [69, [69, [69, [69, [69, -"}]

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:[{"box, [69, [69, [69, [69, [69, -"}]

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:[{"box, [69, [69, [69, [69,, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}]

The tax is based on the following table:

The tax is based on the following table:[{"box, [69, [69, [69, [69,, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}]

The tax is based on the following table:[{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69,,, -"}]

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:[{"box, [69, [69, [69, [69,,, -"}]

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:[{"box, [69, [69, [69, [69,,, -"}][{"box, [69, [69, [69, [69, [69, -"}]

The tax is based on the following table:

The tax is based on the following table:[{"box, [69, [69, [69, [69,,, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box [69, [69, [69, [69, [69, -"}][{"box [69, [69, [69, [69, [69, -"}][{"box [69, [69, [69, [69, [69, -"}][{"box [69, [69, [69, [69, [69, -"}][{"box [69, [69, [69, [69, [69, -"}][{"box [69, [69, [69, [69, [69, -"}][{"box [69, [69, [69, [69, [69, -"}][{"box [69, [69, [69, [69, [69, -"}][{"box [69, [69, [69, [69, [69, -"}][{"box [69, [69, [69, [69, [69, -"}][{"box [69, [69, [69, [69, [69, -"}][{"box [69, [69, [69, [69, [69, -"}][{"box [69, [69, [69, [69, [69, -"}]

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:[{"box, [69, [69, [69, [69, [69, -"}]

The tax is based on the following table:[{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}][{"box, [69, [69, [69, [69, [69, -"}]

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:[{"box_2d": [69, 158, 603, 215], "label": "text", "text",[BBOX]0000,0000,0000,0000,0000,0000,0000,0000,0000,0000,0000,0000,0000,0000,0000,0000,0000,0000,0000,0000,0000,0000,0000,0000,0000,0000,0000,0000,"}]

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:

The tax is based on the following table:[{"box_

T. ROWE PRICE SMALL-CAP STOCK FUND

# **NOTE 5 - FOREIGN TAXES**

The following table provides the information in a specific format:

54

T. ROWE PRICE SMALL-CAP STOCK FUND

the repayment is taken into account) to exceed the lesser of: (1) the I Class Limit in accordance with a securities lending agreement. Security loans generally do not have the value of the securities lending agreement. The fund is subject to the terms of cash or U.S. government securities. Collateral is maintained in the form of cash or U.S. government securities. Collateral is maintained in the form of cash or U.S. government securities. The fund is subject to the terms of cash or U.S. government securities. Collateral is maintained in the form of cash or U.S. government securities. The fund is subject to the terms of cash or U.S. government securities. Collateral is maintained in the form of cash or U.S. government securities. The fund is subject to the terms of cash or U.S. government securities. Collateral is maintained in the form of cash or U.S. government securities. The fund is subject to the terms of cash or U.S. government securities. Collateral is maintained in the form of cash or U.S. government securities. The fund

NOTE: The fund is subject to the terms of cash or U.S. government securities. Collateral is maintained in the form of cash or U.S. government securities. The fund is subject to the terms of cash or U.S. government securities. Collateral is maintained in the form of cash or U.S. government securities. The fund is subject to the terms of cash or U.S. government securities. Collateral is maintained in the form of cash or U.S. government securities. The fund is subject to the terms of cash or U.S. government securities. Collateral is maintained in the form

55

T. ROWE PRICE SMALL-CAP STOCK FUND

borne by the fund in proportion to the average daily value of its shares owned by the

The fund is a monthly basis for the cost of investment research embedded in the cost of the fund's income, which is a significant portion of the fund's income. The fund is a monthly basis for the cost of investment research embedded in the cost of the fund's income, which is a significant portion of the fund's income. The fund is a monthly basis for the cost of investment research embedded in the cost of the fund's income, which is a significant portion of the fund's income. The fund is a monthly basis for the cost of investment research embedded in the cost of the fund's income, which is a significant portion of the fund's income.

NOTE 7 - OTHER MATTERS

56

T. ROWE PRICE SMALL-CAP STOCK FUND[{"box_2d": [35, 96, 610, 215], "label": "text", "caption": "Price Associates has voluntarily agreed to reimburse the fund from its own resources on
the basis of the financial statements and the statements made by the Government of the United States
(1986-1987) and the financial statements and the statements made by the Government of the United States
(1987-1988) and the financial statements and the statements made by the Government of the United States
(1988-1989) and the financial statements and the statements made by the Government of the United States
(1989-1990) and the financial statements and the statements made by the Government of the United States
(1990-1991) and the financial statements and the statements made by the Government of the United States
(1991-1992) and the financial statements and the statements made by the Government of the United States
(1992-1993) and the financial statements and the statements made by the Government of the United States
(1993-1994) and the financial statements and the statements made by the Government of the United States
(1994-1995) and the financial statements and the statements made by the Government of the United States
(1995-1996) and the financial statements and the statements made by the Government of the United States
(1996-1997) and the financial statements and the statements made by the Government of the United States
(1997-1998) and the financial statements and the statements made by the Government of the United States
(1998-1999) and the financial statements and the statements made by the Government of the United States
(1999-2000) and the financial statements and the statements made by the Government of the United States
(2000-2001) and the financial statements and the statements made by the Government of the United States
(2001-2002) and the financial statements and the statements made by the Government of the United States
(2002-2003) and the financial statements and the statements made by the Government of the United States
(2003-2004) and the financial statements and the statements made by the Government of the United States
(2004-2005) and the financial statements and the statements made by the Government of the United States
(2005-2006) and the financial statements and the statements made by the Government of the United States
(2006-2007) and the financial statements and the statements made by the Government of the United States
(2007-2008) and the financial statements and the statements made by the Government of the United States
(2008-2009) and the financial statements and the statements made by the Government of the United States
(2009-2010) and the financial statements and the statements made by the Government of the United States
(2010-2011) and the financial statements and the statements made by the Government of the United States
(2011-2012) and the financial statements and the statements made by the Government of the United States
(2012-2013) and the financial statements and the statements made by the Government of the United States
(2013-2014) and the financial statements and the statements made by the Government of the United States
(2014-2015) and the financial statements and the statements made by the Government of the United States
(2015-2016) and the financial statements and the statements made by the Government of the United States
(2016-2017) and the financial statements and the statements made by the Government of the United States
(2017-2018) and the financial statements and the statements made by the Government of the United States
(2018-2019) and the financial statements and the statements made by the Government of the United States
(2019-2020) and the financial statements and the statements made by the Government of the United States
(2020-2021) and the financial statements and the statements made by the Government of the United States
(2021-2022) and the financial statements and the statements made by the Government of the United States
(2022-2023) and the financial statements and the statements made by the Government of the United States
(2023-2024) and the financial statements and the statements made by the Government of the United States
(2024-2025) and the financial statements and the statements made by the Government of the United States
(2025-2026) and the financial statements and the statements made by the Government of the United States
(2026-2027) and the financial statements and the statements made by the Government of the United States
(2027-2028) and the financial statements and the statements made by the Government of the United States
(2028-2029) and the financial statements and the statements made by the Government of the United States
(2029-2030) and the financial statements and the statements made by the Government of the United States
(2030-2031) and the financial statements and the statements made by the Government of the United States
(2031-2032) and the financial statements and the statements made by the Government of the United States
(2032-2033) and the financial statements and the statements made by the Government of the United States
(2033-2034) and the financial statements and the statements made by the Government of the United States
(2034-2035) and the financial statements and the statements made by the Government of the United States
(2035-2036) and the financial statements and the statements made by the Government of the United States
(2036-2037) and the financial statements and the statements made by the Government of the United States
(2037-2038) and the financial statements and the statements made by the Government of the United States
(2038-2039) and the financial statements and the statements made by the Government of the United States
(2039-2040) and the financial statements and the statements made by the Government of the United States
(2040-2041) and the financial statements and the statements made by the Government of the United States
(2041-2042) and the financial statements and the statements made by the Government of the United States
(2042-2043) and the financial statements and the statements made by the Government of the United States
(2043-2044) and the financial statements and the statements made by the Government of the United States
(2044-2045) and the financial statements and the statements made by the Government of the United States
(2045-2046) and the financial statements and the statements made by the Government of the United States
(2046-2047) and the financial statements and the statements made by the Government of the United States
(2047-2048) and the financial statements and the statements made by the Government of the United States
(2048-2049) and the financial statements and the statements made by the Government of the United States
(2049-2050) and the financial statements and the statements made by the Government of the United States
(2050-2051) and the financial statements and the statements made by the Government of the United States
(2051-2052) and the financial statements and the statements made by the Government of the United States
(2052-2053) and the financial statements and the statements made by the Government of the United States
(2053-2054) and the financial statements and the statements made by the Government of the United States
(2054-2055) and the financial statements and the statements made by the Government of the United States
(2055-2056) and the financial statements and the statements made by the Government of the United States
(2056-2057) and the financial statements and the statements made by the Government of the United States
(2057-2058) and the financial statements and the statements made by the Government of the United States
(2058-2059) and the financial statements and the statements made by the Government of the United States
(2059-2060) and the financial statements and the statements made by the Government of the United States
(2060-2061) and the financial statements and the statements made by the Government of the United States
(2061-2062) and the financial statements and the statements made by the Government of the United States
(2062-2063) and the financial statements and the statements made by the Government of the United States
(2063-2064) and the financial statements and the statements made by the Government of the United States
(2064-2065) and the financial statements and the statements made by the Government of the United States
(2065-2066) and the financial statements and the statements made by the Government of the United States
(2066-2067) and the financial statements and the statements made by the Government of the United States
(2067-2068) and the financial statements and the statements made by the Government of the United States
(2068-2069) and the financial statements and the statements made by the Government of the United States
(2069-2070) and the financial statements and the statements made by the Government of the United States
(2070-2071) and the financial statements and the statements made by the Government of the United States
(2071-2072) and the financial statements and the statements made by the Government of the United States
(2072-2073) and the financial statements and the statements made by the Government of the United States
(2073-2074) and the financial statements and the statements made by the Government of the United States
(2074-2075) and the financial statements and the statements made by the Government of the United States
(2075-2076) and the financial statements and the statements made by the Government of the United States
(2076-2077) and the financial statements and the statements made by the Government of the United States
(2077-2078) and the financial statements and the statements made by the Government of the United States
(2078-2079) and the financial statements and the statements made by the Government of the United States
(2079-2080) and the financial statements and the statements made by the Government of the United States
(2080-2081) and the financial statements and the statements made by the Government of the United States
(2081-2082) and the financial statements and the statements made by the Government of the United States
(2082-2083) and the financial statements and the statements made by the Government of the United States
(2083-2084) and the financial statements and the statements made by the Government of the United States
(2084-2085) and the financial statements and the statements made by the Government of the United States
(2085-2086) and the financial statements and the statements made by the Government of the United States
(2086-2087) and the financial statements and the statements made by the Government of the United States
(2087-2088) and the financial statements and the statements made by the Government of the United States
(2088-2089) and the financial statements and the statements made by the Government of the United States
(2089-2090) and the financial statements and the statements made by the Government of the United States
(2090-2091) and the financial statements and the statements made by the Government of the United States
(2091-2092) and the financial statements and the statements made by the Government of the United States
(2092-2093) and the financial statements and the statements made by the Government of the United States
(2093-2094) and the financial statements and the statements made by the Government of the United States
(2094-2095) and the financial statements and the statements made by the Government of the United States
(2095-2096) and the financial statements and the statements made by the Government of the United States
(2096-2097) and the financial statements and the statements made by the Government of the United States
(2097-2098) and the financial statements and the statements made by the Government of the United States
(2098-2099) and the financial statements and the statements made by the Government of the United States
(2099-2100) and the financial statements and the statements made by the Government of the United States
(2100-2101) and the financial statements and the statements made by the Government of the United States
(2101-2102) and the financial statements and the statements made by the Government of the United States
(2102-2103) and the financial statements and the statements made by the Government of the United States
(2103-2104) and the financial statements and the statements made by the Government of the United States
(2104-2105) and the financial statements and the statements made by the Government of the United States
(2105-2106) and the financial statements and the statements made by the Government of the United States
(2106-2107) and the financial statements and the statements made by the Government of the United States
(2107-2108) and the financial statements and the statements made by the Government of the United States
(2108-2109) and the financial statements and the statements made by the Government of the United States
(2109-2110) and the financial statements and the statements made by the Government of the United States
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(2428-2429) and the financial statements and the statements made by the Government of the United States
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(2431-2432) and the financial statements and the statements made by the Government of the United States
(2432-2433) and the financial statements and the statements made by the Government of the United States
(2433-2434) and the financial statements and the statements made by the Government of the United States
(2434-2435) and the financial statements and the statements made by the Government of the United States
(2435-2436) and the financial statements and the statements made by the Government of the United States
(2436-2437) and the financial statements and the statements made by the Government of the United States
(2437-2438) and the financial statements and the statements made by the Government of the United States
(2438-2439) and the financial statements and the statements made by the Government of the United States
(2439-2440) and the financial statements and the statements made by the Government of the United States
(2440-2441) and the financial statements and the statements made by the Government of the United States
(2441-2442) and the financial statements and the statements made by the Government of the United States
(2442-2443) and the financial statements and the statements made by the Government of the United States
(2443-2444) and the financial statements and the statements made by the Government of the United States
(2444-2445) and the financial statements and the statements made by the Government of the United States
(2445-2446) and the financial statements and the statements made by the Government of the United States
(2446-2447) and the financial statements and the statements made by the Government of the United States
(2447-2448) and the financial statements and the statements made by the Government of the United States
(2448-2449) and the financial statements and the statements made by the Government of the United States
(2449-2450) and the financial statements and the statements made by the Government of the United States
(2450-2451) and the financial statements and the statements made by the Government of the United States
(2451-2452) and the financial statements and the statements made by the Government of the United States
(2452-2453) and the financial statements and the statements made by the Government of the United States
(2453-2454) and the financial statements and the statements made by the Government of the United States
(2454-2455) and the financial statements and the statements made by the Government of the United States
(2455-2456) and the financial statements and the statements made by the Government of the United States
(2456-2457) and the financial statements and the statements made by the Government of the United States
(2457-2458) and the financial statements and the statements made by the Government of the United States
(2458-2459) and the financial statements and the statements made by the Government of the United States
(2459-2460) and the financial statements and the statements made by the Government of the United States
(2460-2461) and the financial statements and the statements made by the Government of the United States
(2461-2462) and the financial statements and the statements made by the Government of the United States
(2462-2463) and the financial statements and the statements made by the Government of the United States
(2463-2464) and the financial statements and the statements made by the Government of the United States
(2464-2465) and the financial statements and the statements made by the Government of the United States
(2465-2466) and the financial statements and the statements made by the Government of the United States
(2466-2467) and the financial statements and the statements made by the Government of the United States
(2467-2468) and the financial statements and the statements made by the Government of the United States
(2468-2469) and the financial statements and the statements made by the Government of the United States
(2469-2470) and the financial statements and the statements made by the Government of the United States
(2470-2471) and the financial statements and the statements made by the Government of the United States
(2471-2472) and the financial statements and the statements made by the Government of the United States
(2472-2473) and the financial statements and the statements made by the Government of the United States
(2473-2474) and the financial statements and the statements made by the Government of the United States
(2474-2475) and the financial statements and the statements made by the Government of the United States
(2475-2476) and the financial statements and the statements made by the Government of the United States
(2476-2477) and the financial statements and the statements made by the Government of the United States
(2477-2478) and the financial statements and the statements made by the Government of the United States
(2478-2479) and the financial statements and the statements made by the Government of the United States
(2479-2480) and the financial statements and the statements made by the Government of the United States
(2480-2481) and the financial statements and the statements made by the Government of the United States
(2481-2482) and the financial statements and the statements made by the Government of the United States
(2482-2483) and the financial statements and the statements made by the Government of the United States
(2483-2484) and the financial statements and the statements made by the Government of the United States
(2484-2485) and the financial statements and the statements made by the Government of the United States
(2485-2486) and the financial statements and the statements made by the Government of the United States
(2486-2487) and the financial statements and the statements made by the Government of the United States
(2487-2488) and the financial statements and the statements made by the Government of the United States
(2488-2489) and the financial statements and the statements made by the Government of the United States
(2489-2490) and the financial statements and the statements made by the Government of the United States
(2490-2491) and the financial statements and the statements made by the Government of the United States
(2491-2492) and the financial statements and the statements made by the Government of the United States
(2492-2493) and the financial statements and the statements made by the Government of the United States
(2493-2494) and the financial statements and the statements made by the Government of the United States
(2494-2495) and the financial statements and the statements made by the Government of the United States
(2495-2496) and the financial statements and the statements made by the Government of the United States
(2496-2497) and the financial statements and the statements made by the Government of the United States
(2497-2498) and the financial statements and the statements made by the Government of the United States
(2498-2499) and the financial statements and the statements made by the Government of the United States
(2499-2500) and the financial statements and the statements made by the Government of the United States
(2500-2501) and the financial statements and the statements made by the Government of the United States
(2501-2502) and the financial statements and the statements made by the Government of the United States
(2502-2503) and the financial statements and the statements made by the Government of the United States
(2503-2504) and the financial statements and the statements made by the Government of the United States
(2504-2505) and the financial statements and the statements made by the Government of the United States
(2505-2506) and the financial statements and the statements made by the Government of the United States
(2506-2507) and the financial statements and the statements made by the Government of the United States
(2507-2508) and the financial statements and the statements made by the Government of the United States
(2508-2509) and the financial statements and the statements made by the Government of the United States
(2509-2510) and the financial statements and the statements made by the Government of the United States
(2510-2511) and the financial statements and the statements made by the Government of the United States
(2511-2512) and the financial statements and the statements made by the Government of the United States
(2512-2513) and the financial statements and the statements made by the Government of the United States
(2513-2514) and the financial statements and the statements made by the Government of the United States
(2514-2515) and the financial statements and the statements made by the Government of the United States
(2515-2516) and the financial statements and the statements made by the Government of the United States
(2516-2517) and the financial statements and the statements made by the Government of the United States
(2517-2518) and the financial statements and the statements made by the Government of the United States
(2518-2519) and the financial statements and the statements made by the Government of the United States
(2519-2520) and the financial statements and the statements made by the Government of the United States
(2520-2521) and the financial statements and the statements made by the Government of the United States
(2521-2522) and the financial statements and the statements made by the Government of the United States
(2522-2523) and the financial statements and the statements made by the Government of the United States
(2523-2524) and the financial statements and the statements made by the Government of the United States
(2524-2525) and the financial statements and the statements made by the Government of the United States
(2525-2526) and the financial statements and the statements made by the Government of the United States
(2526-2527) and the financial statements and the statements made by the Government of the United States
(2527-2528) and the financial statements and the statements made by the Government of the United States
(2528-2529) and the financial statements and the statements made by the Government of the United States
(2529-2530) and the financial statements and the statements made by the Government of the United States
(2530-2531) and the financial statements and the statements made by the Government of the United States
(2531-2532) and the financial statements and the statements made by the Government of the United States
(2532-2533) and the financial statements and the statements made by the Government of the United States
(2533-2534) and the financial statements and the statements made by the Government of the United States
(2534-2535) and the financial statements and the statements made by the Government of the United States
(2535-2536) and the financial statements and the statements made by the Government of the United States
(2536-2537) and the financial statements and the statements made by the Government of the United States
(2537-2538) and the financial statements and the statements made by the Government of the United States
(2538-2539) and the financial statements and the statements made by the Government of the United States
(2539-2540) and the financial statements and the statements made by the Government of the United States
(2540-2541) and the financial statements and the statements made by the Government of the United States
(2541-2542) and the financial statements and the statements made by the Government of the United States
(2542-2543) and the financial statements and the statements made by the Government of the United States
(2543-2544) and the financial statements and the statements made by the Government of the United States
(2544-2545) and the financial statements and the statements made by the Government of the United States
(2545-2546) and the financial statements and the statements made by the Government of the United States
(2546-2547) and the financial statements and the statements made by the Government of the United States
(2547-2548) and the financial statements and the statements made by the Government of the United States
(2548-2549) and the financial statements and the statements made by the Government of the United States
(2549-2550) and the financial statements and the statements made by the Government of the United States
(2550-2551) and the financial statements and the statements made by the Government of the United States
(2551-2552) and the financial statements and the statements made by the Government of the United States
(2552-2553) and the financial statements and the statements made by the Government of the United States
(2553-2554) and the financial statements and the statements made by the Government of the United States
(2554-2555) and the financial statements and the statements made by the Government of the United States
(2555-2556) and the financial statements and the statements made by the Government of the United States
(2556-2557) and the financial statements and the statements made by the Government of the United States
(2557-2558) and the financial statements and the statements made by the Government of the United States
(2558-2559) and the financial statements and the statements made by the Government of the United States
(2559-2560) and the financial statements and the statements made by the Government of the United States
(2560-2561) and the financial statements and the statements made by the Government of the United States
(2561-2562) and the financial statements and the statements made by the Government of the United States
(2562-2563) and the financial statements and the statements made by

T. ROWE PRICE SMALL-CAP STOCK FUND

# REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

portfolio of investments, of T. Rowe Price Small-Cap Stock Fund, Inc. (the "Fund") as of

(CONTINUED) 31, 2022. The related statements of investments for the year ended December 31, 2022, are based on the following table: (1) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (2) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (3) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (4) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (5) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (6) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (7) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (8) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (9) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (10) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (11) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (12) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (13) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (14) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (15) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (16) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (17) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (18) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (19) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (20) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (21) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (22) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (23) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (24) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (25) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (26) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (27) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (28) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (29) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (30) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (31) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (32) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (33) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (34) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (35) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (36) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (37) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (38) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (39) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (40) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (41) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (42) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (43) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (44) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (45) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (46) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (47) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (48) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (49) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (50) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (51) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (52) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (53) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (54) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (55) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (56) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (57) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (58) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (59) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (60) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (61) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (62) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (63) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (64) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (65) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (66) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (67) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (68) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (69) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (70) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (71) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (72) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (73) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (74) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (75) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (76) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (77) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (78) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (79) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (80) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (81) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (82) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (83) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (84) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (85) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (86) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (87) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (88) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (89) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (90) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (91) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (92) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (93) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (94) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (95) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (96) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (97) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (98) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (99) The financial statements of investments for the year ended December 31, 2022 are based on the following table: (100)

58

T. ROWE PRICE SMALL-CAP STOCK FUND

# REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

By management and with all outstanding its own records, the financial statements.

Global Securities, 31, 2007 and the financial statements were part of the reports indicated. We are providing this information as required by the Internal Revenue Code. We are providing this information as required by the Internal Revenue Code. We are provided that the information contained in this report is not to be construed as a material or a materially臆造 or a materially臆造 or a materially臆造 or a materially臆造 or a materially臆造 or a materially臆造 or a materially臆造 or a materially臆造 or a materially臆造 or a materially臆造 or a materially臆造 or a materially臆造 or a materially臆造 or a materially臆造 or a materially臆造 or a materially

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The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

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The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

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The following table provides the information in a tabular format:

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The following table provides the information in a tabular format:

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The following table provides the information in a tabular format:

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The following table provides the information in a tabular format:

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The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

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The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

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The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

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The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

The following table provides the information in a tabular format:

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The following table provides the information in a tabular format:

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The following table provides the information in a tabular format:

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The following table provides the information in a tabular format:

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The following table provides the information in a tabular format:

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T. ROWE PRICE SMALL-CAP STOCK FUND

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

$451,201,000 from long-term capital gains subject to long-term capital gains tax rate
of 1.5% of the public accounting time required from the Public Company Accounting
of the greater than 20%. Over the past 30 years, the Department of the Treasury and the
repayment of the public's tax rate is 1.5%. The Department of the Treasury and the
repayment of the public's tax rate is 1.5%. The Department of the Treasury and the
repayment of the public's tax rate is 1.5%. The Department of the Treasury and the
repayment of the public's tax rate is 1.5%. The Department of the Treasury and the
repayment of the public's tax rate is 1.5%. The Department of the Treasury and the
repayment of the public's tax rate is

60

T. ROWE PRICE SMALL-CAP STOCK FUND

# **HOW TO OBTAIN QUARTERLY PORTFOLIO HOLDINGS**

reasonable assurance about whether the financial statements are free of material

misstatement, whether due to error or fraud. In accordance with Rule 226-4 (Liquidity Rule) under the Investment Company Act of June 2005 of that contained qualified real estate investment trust (REIT) dividends, $3,059,000 of the fund's income qualifies as qualified real estate investment trust (REIT) (Liquidity Program) reasonably designed to assess and manage the fund's liquidity risk, dividends, 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 fund's Board of Directors (Board) has appointed the fund's investment adviser, T. Rowe Price Associates, Inc. (Adviser), as the administrator of the Liquidity Program. As

61

T. ROWE PRICE SMALL-CAP STOCK FUND

# **LIQUIDITY RISK MANAGEMENT PROGRAM**
**RECORDS**

administrator, the Adviser is responsible for overseeing the day-to-day operations of the
Administration of the Adviser and procedures used by T. Rowe Price funds to determine
liability for the project and the project's performance. The project is a part of the
Adviser's performance. The project is a part of the Adviser's performance. The project is a part of the
Adviser's performance. The project is a part of the Adviser's performance. The project is a part of the
Adviser's performance. The project is a part of the Adviser's performance. The project is a part of the
Adviser's performance. The project is a part of the Adviser's performance. The project is a part of the
Adviser's performance. The project is a part of the Adviser's performance. The project is a part of the
Adviser's performance. The project is a part of the Adviser's performance. The project is a part of the
Adviser's performance. The project is a part of the Adviser's performance. The project is a part of the
Adviser's performance. The project is a part of the Adviser's performance. The project is a part of the
Adviser's performance. The project is a part of the Adviser's performance. The project is a part of the

62

T. ROWE PRICE SMALL-CAP STOCK FUND

# **LIQUIDITY RISK MANAGEMENT PROGRAM (CONTINUED)**

The following table provides the information in a specific format:

63

T. ROWE PRICE SMALL-CAP STOCK FUND

# **ABOUT THE FUND'S DIRECTORS AND OFFICERS**

21202. The study was part of the monthly data collection board on a list of the investment's directors and its officers during the last three years. The data was collected from the research and development of the investment's directors and its officers during the last three years.

Name (Year of Birth) (Year of Birth)

INDEPENDENT DIRECTORS (Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and Authorities Overseen) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth) (Year of Birth)

64

T. ROWE PRICE SMALL-CAP STOCK FUND

# **INDEPENDENT DIRECTORS (CONTINUED)**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and Portfolios Overseen]**

**[Number of T. Rowe Price Principal Occupation(s) and Directorships of Public Companies and Portfolios Overseen]**

65

T. ROWE PRICE SMALL-CAP STOCK FUND

# **INTERESTED DIRECTORS** (CONTINUED)

2000. cash and cash equivalents, as well as available borrowing arrangements.
Department: The South Hopkins University (2009 to present); Director, Department of the State of Maryland (2009 to present); Director, Department of the State of Maryland (2009 to present); Director, Department of the State of Maryland (2009 to present).
Effective April 27, 2022, Mr. Dykes resigned from his role as an independent director of the Price Funds.
Lyndhurst Holdings (2015 to present), Director, Blue666, Pharma, Inc.
Fund.
The information about the interest of the Price Funds was current as of January 1, 2022, unless otherwise noted.
Effective November 8, 2021, Mr. Dykes was appointed as an independent director of the Price Funds.
Principal Accountants: The South Hopkins University (2009 to present); Director, Department of the State of Maryland (2009 to present); Director, Department of the State of Maryland (2009 to present).
Bills of Receivables: CFA (1969), The Senate Accountant, both the acts as an independent director of the Price Funds.
Interest of Directors: The South Hopkins University (2009 to present); Director, Department of the State of Maryland (2009 to present).
Interest of Directors: The South Hopkins University (2009 to present); Director, Department of the State of Maryland (2009 to present).
Interest of Directors: The South Hopkins University (2009 to present); Director, Department of the State of Maryland (2009 to present).
Interest of Directors: The South Hopkins University (2009 to present); Director, Department of the State of Maryland (2009 to present).
Interest of Directors: The South Hopkins University

66

T. ROWE PRICE SMALL-CAP STOCK FUND

# OFFICERS (CONTINUED)

Year Ended [Number of T. Rowe Price Names (1989)] [Number of T. Rowe Price Names (1989)] [Number of T. Rowe Price Names (1989)] [Number of T. Rowe Price Names (1989)] [Number of T. Rowe Price Names (1989)] [Number of T. Rowe Price Names (1989)] [Number of T. Rowe Price Names (1989)] [Number of T. Rowe Price Names (1989)] [Number of T. Rowe Price Names (1989)] [Number of T. Rowe Price Names (1989)] [Number of T. Rowe Price Names (1989)]

67

Name (Year of Birth) Position Held With Small-Cap Stock Fund Principal Occupation(s)

T. ROWE PRICE SMALL-CAP STOCK FUND

**OFFICERS (CONTINUED)**

Chief Compliance Officer

Director, Media (1987)

Vice President

Chief Executive Officer, Department of Finance (1968)

Vice President

Senior Vice President (1970)

Vice President (1971)

(1971)

T. Rowe Price and Price Investment Management; Chief Executive Officer and President, T. Rowe Price Trust Company; Chief Executive Officer and President, T. Rowe Price Trust Company; Chief Executive Officer and President, T. Rowe Price Trust Company; Chief Executive Officer and President, T. Rowe Price Trust Company; Chief Executive Officer and President, T. Rowe Price Trust Company; Chief Executive Officer and President, T. Rowe Price Trust Company; Chief Executive Officer and President, T. Rowe Price Trust Company; Chief Executive Officer and President, T. Rowe Price Trust Company

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

68

Name (Year of Birth)

Position Held With Small-Cap Stock Fund

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 available on the front page of the document. The name is available on the front page of the document.

The registrant's name is available on the front page of the document.

The registrant's name is available on the front page of the document.

The registrant's name is available on the front page of the document.

|  | 2022 | 2021 |
| --- | --- | --- |
| Audit Fees | $41,909 | $40,759 |
| Audit-Related Fees | - | - |
| Tax Fees | - | 5,742 |
| 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 not approved by the registrant's audit committee. Accordingly, these services were considered by the registrant's audit committee in determining the principal accountant's independence.

| RETIREMENT | GENERAL INVESTING | COLLEGE SAVINGS |
| --- | --- | --- |
| Initial change in fixed, officers have been employed by the Registrant's Audit Committee of Listed Registrants. | Individual for Joint Student, The T-Rowe Price management, Stanford University (to 2009) and other than, T-Rowe Price (2019). |  |
| Not applicable. |  |  |
| Not applicable. |  |  |
| Item 6. Investments. | Brokerage (2018) |  |
| Small Business Plans | access to stocks, ETFs, |  |
| 1. David Wagner, CFA (1974) | books and more |  |
| Reps minimize taxes |  |  |

(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.**

Management, T. Rowe Price Group, Inc., and

Gifts and Transfers to Trust Company

T. Rowe Price

Unless otherwise noted, officers have been employees of T. Rowe Price or Price International for at least

5 years.

5 years.

Transfer on Death

(3) Written declaration to report base securities issued by closed-end companies: not applicable.

(b) A certificate to be made of the registrant's principal executive officer and principal financial officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and required by Rule 30a-2(b) under the Investment Company Act of 1940, is attached.

Unless otherwise noted, officers have been employees of T. Rowe Price or Price International for at least 5 years.

# 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 Small-Cap Stock Fund, Inc.

By /s/ David Oestreicher
David Oestreicher
Principal Executive Officer

Date February 21, 2023
The T. Rowe Price Small-Cap Stock Fund, Inc. is a project a prospectus or summary prospectus; each includes investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing.

All mutual funds are available upon request. 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 capacity, and on the date indicated.

By /s/ David Oestreicher
David Oestreicher
Principal Executive Officer

Date February 21, 2023

By /s/ Alan S. Dupski
Alan S. Dupski
Principal Financial Officer

Date February 21, 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.

202302-2582941  
P05-050 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 Small-Cap Stock Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state
a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in
this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role
in the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| Date: February 21, 2023 | <u>/s/ David Oestreicher</u> |
|  | David Oestreicher |
|  | Principal Executive Officer |

---

------

**<u>CERTIFICATIONS</u>**

I, Alan S. Dupski, certify that:

1. I have reviewed this report on Form N-CSR of T. Rowe Price Small-Cap Stock Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state
a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in
this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role
in the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| Date: February 21, 2023 | <u>/s/ Alan S. Dupski</u> |
|  | Alan S. Dupski |
|  | Principal Financial Officer |

---

## Exhibit 99.906

**Item 13. (b)** 

**CERTIFICATION UNDER SECTION 906 OF SARBANES-OXLEY ACT OF 2002** 

Name of Issuer: T. Rowe Price Small-Cap Stock Fund

In connection with the Report on Form N-CSR for the above named Issuer, the undersigned hereby certifies, to the best of his knowledge, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange
Act of 1934;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Report fairly presents, in all material respects, the financial condition
and results of operations of the Issuer.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date: February 21, 2023 | /s/ David Oestreicher |
|  | David Oestreicher |
|  | Principal Executive Officer |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date: February 21, 2023 | /s/ Alan S. Dupski |
|  | Alan S. Dupski |
|  | Principal Financial Officer |

---

## Ex-99.Code

**CODE OF ETHICS FOR PRINCIPAL EXECUTIVE AND SENIOR FINANCIAL** 

**OFFICERS OF THE T. ROWE PRICE MUTUAL FUNDS AND EXCHANGE-** 

**TRADED FUNDS** 

**UNDER THE SARBANES-OXLEY ACT OF 2002** 

**I. General Statement.** This Code of Ethics for the T. Rowe Price Mutual Funds and Exchange-Traded Funds (the "Price ETFs" and, together with the Mutual Funds, the **"Price Funds")** has been designed to bring the Price Funds into compliance with the applicable requirements of the Sarbanes-Oxley Act of 2002 (the **"Act")** and rules promulgated by the Securities and Exchange Commission thereunder ("Regulations"). This Price Funds' Code of Ethics (the **"S-O Code")** applies solely to the Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer or Controller of, or persons performing similar functions for, a Price Fund (whether such persons are employed by a Price Fund or third party) **("Covered Officers").** The **"Price Funds"** shall include each mutual fund and ETF that is managed, sponsored and distributed by affiliates of T. Rowe Price Group, Inc. **("Group").** The investment managers to the Price Funds will be referred to as the **"Price Fund Advisers."** A list of Covered Officers is attached as **Exhibit A.**

The Price Fund Advisers have, along with their parent, T. Rowe Price Group, Inc. **("Group")** also maintained a comprehensive Code of Ethics and Conduct (the **"Group Code")** since 1972, which applies to all officers, directors and employees of the Price Funds, Group and its affiliates.

As mandated by the Act, Group has adopted a Code (the **"Group S-O Code"),** similar to the Price Funds S-O Code, which applies solely to its principal executive and senior financial officers. The Group S-O Code and the Price Funds S-O Code will be referred to collectively as the **"S-O Codes".**

The Price Funds S-O Code has been adopted by the Price Funds in accordance with the Act and Regulations thereunder and will be administered in conformity with the disclosure requirements of Item 2 of Form N-CSR. The S-O Codes are attachments to the Group Code. In many respects the S-O Codes are supplementary to the Group Code, but the Group Code is administered separately from the S-O Codes, as the S-O Codes are from each other.

**II. Purpose of the Price Funds S-O Code.** The purpose of the Price Funds S-O Code, as mandated by the Act and the Regulations, is to establish standards that are reasonably designed to deter wrongdoing and to promote:

**Ethical Conduct.** Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships.

**Disclosure.** Full, fair, accurate, timely and understandable disclosure in reports and documents that the Price Funds file with, or submit to, the SEC and in other public communications made by the Price Funds.

**Compliance.** Compliance with applicable governmental laws, rules and regulations.

**Reporting of Violations.** The prompt internal reporting of violations of the Price Funds S-O Code to an appropriate person or persons identified in the Price Funds S-O Code.

**Accountability.** Accountability for adherence to the Price Funds S-O Code.

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**III. Covered Officers Should Handle Ethically Actual and Apparent Conflicts of Interest.** 

**Overview.** Each Covered Officer owes a duty to the Price Funds to adhere to a high standard of honesty and business ethics and should be sensitive to situations that may give rise to actual as well as apparent conflicts of interest.

A "conflict of interest" occurs when a Covered Officer's private interest interferes with the interests of, or his or her service to, the Price Funds. For example, a conflict of interest would arise if a Covered Officer, or a member of his or her family, receives improper personal benefits as a result of his or her position with a Price Fund.

Certain conflicts of interest covered by the Price Funds S-O Code arise out of the relationships between Covered Officers and the Price Funds and may already be subject to provisions regulating conflicts of interest in the Investment Company Act of 1940 **("Investment Company Act"),** the Investment Advisers Act of 1940 **("Investment Advisers Act")** and the Group Code. For example, Covered Officers may not individually engage in certain transactions (such as the purchase or sale of securities or other property) with a Price Fund because of their status as "affiliated persons" of a Price Fund. The compliance programs and procedures of the Price Funds and Price Fund Advisers are designed to prevent, or identify and correct, violations of these provisions.

Although typically not presenting an opportunity for improper personal benefit, conflicts arise from, or as a result of, the contractual relationship between a Price Fund and its Price Fund Adviser (and its affiliates) of which the Covered Officers may also be officers or employees. As a result, the Price Funds S-O Code recognizes that the Covered Officers will, in the normal course of their duties (whether formally for the Price Funds or for the Price Fund Advisers, or for both), be involved in establishing policies and implementing decisions which will have different effects on these entities. The participation of the Covered Officers in such activities is inherent in the contractual relationship between each Price Fund and its respective Price Fund Adviser. Such participation is also consistent with the performance by the Covered Officers of their duties as officers of the Price Funds and, if consistent with the provisions of the Investment Company Act and the Investment Advisers Act, it will be deemed to have been handled ethically.

Other conflicts of interest are covered by the Price Funds and Price ETFs S-O Code, even if these conflicts of interest are not addressed by or subject to provisions in the Investment Company Act and the Investment Advisers Act.

Whenever a Covered Officer is confronted with a conflict of interest situation where he or she is uncertain as to the appropriate action to be taken, he or she should discuss the matter with the Chairperson of Group's Ethics Committee or another member of the Committee.

**Handling of Specific Types of Conflicts.** Each Covered Officer (and close family members) must not:

**Entertainment.** Accept entertainment from any company with which any Price Fund or any Price Fund Adviser has current or prospective business dealings including portfolio companies, unless such entertainment is in full compliance with the policy on entertainment as set forth in the Group Code.

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**Gifts.** Accept any gifts, except as permitted by the Group Code.

**Improper Personal Influence.** Use his or her personal influence or personal relationships improperly to influence investment decisions, brokerage allocations or financial reporting by the Price Funds to the detriment of any one or more of the Price Funds.

**Taking Action at the Expense of a Price Fund.** Cause a Price Fund to take action, or fail to take action, for the personal benefit of the Covered Officer rather than for the benefit of one or more of the Price Funds.

**Misuse of Price Funds' Transaction Information.** Use knowledge of portfolio transactions made or contemplated for a Price Fund or any other clients of the Price Fund Advisers to trade personally or cause others to trade in order to take advantage of or avoid the market impact of such portfolio transactions; and in connection with Price ETFs that do not disclose portfolio holdings daily, use knowledge of pending changes to an ETF's proxy portfolio holdings for such purposes.

**Outside Business Activities.** Engage in any outside business activity that detracts from a Covered Officer's ability to devote appropriate time and attention to his or her responsibilities to a Price Fund.

**Service Providers.** Excluding Group and its affiliates, have any ownership interest in, or any consulting or employment relationship with, any of the Price Funds' service providers, except that an ownership interest in public companies is permitted

**Receipt of Payments.** Have a direct or indirect financial interest in commissions, transaction charges, spreads or other payments paid by a Price Fund for effecting portfolio transactions or for selling or redeeming shares other than an interest (such as compensation or equity ownership) arising from the Covered Officer's employment by Group or any of its affiliates.

**Service as a Director or Trustee.** Serve as a director, trustee or officer of any public or private company or a non-profit organization that issues securities eligible for purchase by any of the Price Funds, unless approval is obtained as required by the Group Code.

**IV. Covered Officers' Specific Obligations and Accountabilities.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A. Disclosure Requirements and Controls.** Each Covered Officer must familiarize himself or herself with the disclosure requirements (Form N-lA registration statement, proxy (Schedule 14A), shareholder reports, Forms N-CEN, N-CSR, etc.) applicable to the Price Funds and the disclosure controls and procedures of the Price Fund and the Price Fund Advisers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B. Compliance with Applicable Law.** It is the responsibility of each Covered Officer to promote compliance with all laws, rules and regulations applicable to the Price Funds and the Price Fund Advisers. Each Covered Officer should, to the extent appropriate within his or her area of responsibility, consult with other officers and employees of the Price Funds and the Price Fund Advisers and take other appropriate steps with the goal of promoting full, fair, accurate, timely and understandable disclosure in the reports and documents the Price Funds file with, or submit to, the SEC, and in other public

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communications made by the Price Funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**C. Fair Disclosure.** Each Covered Officer must not knowingly misrepresent, or cause others to misrepresent, facts about a Price Fund to others, whether within or outside the Price organization, including to the Price Fund's directors and auditors, and to governmental regulators and self-regulatory organizations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**D. Initial and Annual Affirmations.** Each Covered Officer must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Upon adoption of the Price Funds S-O Code (or thereafter, as applicable, upon becoming a Covered Officer), affirm in writing that he or she has received, read, and understands the Price Funds S-O Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Annually affirm that he or she has complied with the requirements of the Price Funds S-O Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**E. Reporting of Material Violations of the Price Funds S-O Code.** If a Covered Officer becomes aware of any material violation of the Price Funds S-O Code or laws and governmental rules and regulations applicable to the operations of the Price Funds, he or she must promptly report the violation **("Report")** to the Chief Compliance Officer of the Price Funds **("CCO").** Failure to report a material violation will be considered itself a violation of the Price Funds S-O Code. The CCO is identified in the attached **Exhibit B.**

It is the Price Funds' policy that no retaliation or other adverse action will be taken against any Covered Officer or other employee of a Price Fund, a Price Fund Adviser or their affiliates based upon any lawful actions of the Covered Officer or employee with respect to a Report made in good faith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**F. Annual Disclosures.** Each Covered Officer must report, at least annually, all affiliations or other relationships as called for in the "Annual Compliance Certification" for T. Rowe Price Group.

**V. Administration of the Price Funds S-O Code.** The Ethics Committee is responsible for administering the Price Funds S-O Code and applying its provisions to specific situations in which questions are presented.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A. Waivers and Interpretations.** The Chairperson of the Ethics Committee has the authority to interpret the Price Funds S-O Code in any particular situation and to grant waivers where justified, subject to the approval of the Joint Audit Committee of the Price Funds. All material interpretations concerning Covered Officers will be reported to the Joint Audit Committee of the Price Funds at its next meeting. Waivers, including implicit waivers, to Covered Officers will be publicly disclosed as required in the Instructions to N-CSR. Pursuant to the definition in the Regulations, an implicit waiver means a Price Fund's failure to take action within a reasonable period of time regarding a material departure from a provision of the Price Funds S-O Code that has been made known to an "executive officer" (as defined in Rule 3b-7 under the Securities Exchange Act of 1934) of a Price Fund. An executive officer of a Price Fund includes its president and any vice-president in charge of a principal business unit, division or function.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B. Violations/Investigations.** The following procedures will be followed in

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investigating and enforcing the Price Funds S-O Code:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The CCO will take or cause to be taken appropriate action to investigate any potential or actual violation reported to him or her.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The CCO, after consultation if deemed appropriate with Outside Counsel to the Price Funds, will make a recommendation to the appropriate Price Funds Board regarding the action to be taken with regard to each material violation. Such action could include any of the following: a letter of censure or suspension, a fine, a suspension of trading privileges or termination of officership or employment. In addition, the violator may be required to surrender any profit realized (or loss avoided) from any activity that is in violation of the Price Funds S-O Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Investigations of Whistleblower complaints related to Price Funds will be handled in accordance with the T. Rowe Price Global Whistleblower Policy.

**VI. Amendments to the Price Funds S-O Code.** Except as to the contents of **Exhibit A and Exhibit B,** the Price Funds S-O Code may not be materially amended except in written form, which is specifically approved or ratified by a majority vote of each Price Fund Board, including a majority of the independent directors on each Board.

**VII. Confidentiality.** All reports and records prepared or maintained pursuant to the Price Funds S-O Code will be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law, the Price Funds S-O Code or as necessary in connection with regulations under the Price Funds S-O Code, such matters shall not be disclosed to anyone other than the directors of the appropriate Price Fund Board, Outside Counsel to the Price Funds, members of the Ethics Committee and the CCO and authorized persons on his or her staff.

Adoption Date: 10/22/03

Last Revised: 05/11/2022 (Exhibit B revised)

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## Exhibit A
**Persons Covered by the Price Funds and** 

**Price ETFs S-O Code of Ethics** 

David Oestreicher, Executive Vice President and Principal Executive Officer

Alan S. Dupski, Treasurer and Principal Financial Officer

## Exhibit B
Dino Capasso, Chief Compliance Officer