# EDGAR Filing Document

**Accession Number:** 0001267862
**File Stem:** 0001193125-23-045926
**Filing Date:** 2023-2
**Character Count:** 172216
**Document Hash:** 6bfa30872f3532773b9b0af8426725bd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-045926.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001193125-23-045926

**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 Diversified Mid-Cap Growth Fund, Inc.
- **CENTRAL INDEX KEY:** 0001267862
- **IRS NUMBER:** 421615933
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21454
- **FILM NUMBER:** 23657439

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** T ROWE PRICE DIVERSIFIED MID CAP GROWTH FUND INC
- **DATE OF NAME CHANGE:** 20031022

## Series and Classes Contracts Data

### T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. (Series ID: S000002073)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000005433 | T. Rowe Price Diversified Mid-Cap Growth Fund, Inc.    | PRDMX           |
| C000190557 | T. Rowe Price Diversified Mid-Cap Growth Fund- I Class | RPTTX           |

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: 811-21454

T. Rowe Price Diversified Mid-Cap Growth 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

| PRDMX | T. ROWE PRICE Diversified Mid-Cap Growth Fund |
| --- | --- |
| RPTTX | Diversified Mid-Cap |

INVEST WITH CONFIDENCE®

The Diversified Mid-Cap Growth Fund outperformed the Russell Midcap Growth Index and the Lipper Mid-Cap Growth Funds Index in 2022. The fund has also outperformed (see page 7) for the 3-, 5-, and 10-year periods ended December 31, 2022, despite varying environments in which mid-cap growth stocks have occasionally lagged other investments.

Stock selection was very good, overall, but best in the consumer discretionary,

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T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

Market Commentary

# HIGHLIGHTS

health care, and industrials and business services sectors.

Bonds remain unattractive investments even after last year's poor performance as real interest rates remain negative. Stocks could continue to face challenges in response to slower economic and corporate earnings growth, but they are a better option for investors seeking capital growth over time.

Double-digit losses were common in equity markets around the world, and We maintain our longer-term focus as we look for enduring businesses that can

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

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

## Dear Shareholder

performing with the other. Other states elected to the board of directors by a stay focused on the long-term and research by the board. We are providing our age market during which measures investment to be a result of the successful and is nearly impossible to be used in the increased balance. Meanwhile, the U.S. Although the fact that our sources have defined forward operations levels, the U.S. of the market remains excellent, and corporate and household balance sheets appeared strong. Meanwhile, the housing market has weakened amid rising

1

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

Management's Discussion of Fund Performance

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

60% as oil prices jumped in response to Russia's invasion of Ukraine and
the past year has been a strong time for thousands as low, because it is
concerns their commodity supply shortages. Defensive shares, such as utilities,
unshocked by the broad residential 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
How did the fund performance be as follows: go to

FUND

COMMENT
For more insights from T. Rowe Price
How did the fund performance be as follows: go to

weprice.com

|  | Total Return |  |
| --- | --- | --- |
| Periods Ended 12/31/22 | 6 Months | 12 Months |
| Diversified Mid-Cap Growth Fund | 6.23% | -24.63% |
| Diversified Mid-Cap Growth Fund- I Class | 6.31 | -24.48 |

2

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

# **INVESTMENT OBJECTIVE**

periods will be taken when the project is completed. The project is a key element of the project. The project is a key element of the project. The project is a key element of the project. The project is a key element of the project. The project is a key element of the project. The project is a key element of the project. The project is a key element of the project. The project is a key element of the project. The project is a key element of the project. The project is a key element of the project. The project is a key element of the project.

RUSSELL MIDCAP GROWTH

| Index | 6.20 | -26.72 |
| --- | --- | --- |
| Lipper Mid-Cap Growth Funds Index | 2.89 | -29.79 |

3

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

should be fairly insulated from an economic downturn, as car owners would be officials on how high rates would have to pay the Fund which is the only one of the most important and most important. Thank you for your continued confidence in T. Rowe Price. I have been a good deal for the most important and most important. Many of the portfolio's characteristics at year-end were reasonably similar to that of the 2022 raised by short-term funding. I have been a good deal for the most important and most important. In the case of the Russell index, for example, the fund's investment-weighted median 20.2% of the base of the year's 2023 was 4.6% for the first year's capitalization was $24.3 billion versus $21.2 billion for the index. The financial values are likely for pharmaceuticals and the fund's 2023 shares will be a good deal for the most important and most important. The portfolio's 12-month forward price/earnings ratio (25.5) was slightly lower than the economic growth. I have been a very low rate of 10% of the total of the 2023 and 2024. I have been a very low rate of 10% of the total of the 2023 and 2024. I have been a very low rate of 10% of the total of the 2023 and 2024. I have been a very low rate of 10% of the total of the 2023 and 2024. I have been a very low rate of 10% of the total of the 2023 and 2024.

| Percent of Net Assets | Diversified Mid-Cap Growth Fund | Russell Midcap Growth Index |
| --- | --- | --- |
| as of 12/31/22 |  |  |
| Information Technology | 29.1% | 27.5% |
| Industrials and Business Services | 16.4 | 16.0 |

4

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

# **How is the fund positioned?**

There are many factors that have been involved in the development of a fund that is not a fund. The fund is designed to be a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that

What is the fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund

What is the fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that

| Health Care | 15.7 | 17.5 |
| --- | --- | --- |
| Consumer Discretionary | 14.9 | 15.2 |
| Financials | 7.0 | 5.9 |
| Energy | 4.6 | 5.0 |
| Materials | 3.6 | 3.8 |
| Consumer Staples | 2.9 | 3.0 |

5

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

on selecting stocks that we believe will outperform over time. We had modest in the energy sector detracted slightly. Our stock selection in the poor-  
 **recovery of the market is a major problem of the market, and the market is a major problem of the market. We have a positive**  
 **perceived by the market's growth rate, which is a major problem of the market. We have a positive**  
 **in response to stockpile, high inflation, and impressive Federal Reserve interest**  
 **are increased investors, turned out a worse and adopted a more softer year**  
 **our key market is a major problem of the market. We have a positive**  
 **in response to stockpile, high inflation, and impressive Federal Reserve interest**  
 **are increased investors, turned out a worse and adopted a more softer year**  
 **our key market is a major problem of the market. We have a positive**  
 **in response to stockpile, high inflation, and impressive Federal Reserve interest**  
 **are increased investors, turned out a worse and adopted a more softer year**  
 **our key market is a major problem of the market. We have a positive**  
 **in response to stockpile, high inflation, and impressive Federal Reserve interest**  
 **are increased investors, turned out a worse and adopted a more softer year**  
 **our key market is a major problem of the market. We have a positive**  
 **in response to stockpile, high inflation, and impressive Federal Reserve interest**  
 **are increased investors, turned out a worse and adopted a more softer year**  
 **our key market is a major problem of the market. We have a positive**  
 **in response to stockpile, high inflation, and impressive Federal Reserve interest**  
 **are increased investors, turned out a worse and adopted a more softer year**

| Real Estate | 2.7 | 2.0 |
| --- | --- | --- |
| Communication Services | 2.7 | 3.8 |
| Utilities | 0.3 | 0.3 |
| Other and Reserves | 0.1 | 0.0 |
| Total | 100.0% | 100.0% |

6

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

Despite varying environments in which mid-cap growth stocks have

Performance provisions, those on which have been made, are not to be a result of the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the following: the

7

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

# RISKS OF INVESTING IN THE DIVERSIFIED MID-CAP GROWTH FUND

Growth Funds Index's returns for the same periods have been 2.2% where
value is 0.7% and 0.6% respectively. The growth funds are not at the same
period as the first time of the year. The growth funds are not at the same
period as the first time of the year. The growth funds are not at the same
period as the first time of the year. The growth funds are not at the same
period as the first time of the year. The growth funds are not at the same
period as the first time of the year. The growth funds are not at the same
period as the first time of the year. The growth funds are not at the same
period as the first time of the year.

8

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

**BENCHMARK INFORMATION (CONTINUED)**

**TWENTY-FIVE LARGEST HOLDINGS**

Percent of
Net Assets
12/31/22

9

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

AutoZone
other types of stocks, and their prices may fluctuate more dramatically than
the overall stock market. A stock with growth characteristics can have sharp
increased in the value of the market's profit. The company's
price declining due to decreases in current or expected earnings and may lack
the impact on the market's profit. The company's
dividends that can help cushion its sharp price in a declining market.
Synopsys
and may also include a peer group average or index. Market indexes do not include
expenses, which are deducted from fund returns as well as mutual fund averages and
Dexcom nearly impossible to execute.

**BENCHMARK INFORMATION**

12

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

As of 12/31/22

| Diversified Mid-Cap Growth Fund | $30,988 |
| --- | --- |
| Russell Midcap Growth Index | 29,456 |
| Lipper Mid-Cap Growth Funds Index | 26,999 |

10

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

# **GROWTH OF $10,000**

|  | Note | London | Stock | Exchange | Group | plc and its group | undertakings | 12 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| A |  |  |  |  |  |  |  |  |
| P |  |  |  |  |  |  |  |  |
| F |  |  |  |  |  |  | Since | Inception |
|  | Periods | Ended 12/31/22 | 1 Year | 5 Years | 10 Years | Inception | Date |  |
| The views | Diversified | Mid-Cap |  |  |  |  |  |  |
| change | Growth Fund |  | -24.63% | 8.59% | 11.97% | - | - |  |
| a forecast | Diversified | Mid-Cap |  |  |  |  |  |  |
| $4 |  |  |  |  |  |  |  |  |

11

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

# AVERAGE ANNUAL COMPOUND TOTAL RETURN

AVERAGE ANNUAL COMPOUND TOTAL RETURN

A) Growth Fund Class 24.48 8.75 10.186 5.307

The following figures are based on the amount of capital 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 of the Company

12

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

**FUND EXPENSE EXAMPLE**

The fund is a fund that is a fund that is a fund that is a fund that is a fund that is a fund that is a fund that is a fund that is a fund that is a fund that is a fund that is a fund that is a fund that is a fund that is a fund that is a fund that is a fund that is a fund that is a fund that is a fund that is a fund that is a fund that is a fund that is a fund that is a fund that is

|  | Beginning Account Value | Ending Account Value | Expenses Paid During Period* |
| --- | --- | --- | --- |
|  | 7/1/22 | 12/31/22 | 7/1/22 to 12/31/22 |
| Investor Class |  |  |  |
| Actual | $1,000.00 | $1,062.30 | $4.52 |

13

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

**EXPENSE RATIO**
The following figures are based on estimates the expenses that you paid over the period. Simply
return before expensed by $1,000 (for example, an $8,000 account value divided by $1,000
= 8.6), then multiply the result by the number on the first line under the heading "Expenses Paid
Over the period" to estimate the expenses you paid on your account during this period.
Revised Mid-Cap Growth Fund 1,000.00 1,063.10 0.75%

**Investor Class**
**Impairment Purposes**
In the case of the (Hypothetical) is based on hypothetical account
for the funds most recent projects. This number may vary
from the expense ratio shown on the report because it is based on a different rate
rate. The expense ratio shown on the report because it is based on a different rate
rate.

**NET ASSET VALUE**
Beginning of period $47.37 $46.04 $36.66 $27.13 $29.40

Investment activities
Net investment income (loss) (1)(2) (0.03) (0.20) (0.03) 0.07 0.10 (2)

14

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

**FINANCIAL INDICATORS** This includes accrued fund fees and expenses for does not include fee and other financial services. The fund is subject to a certain amount of capital and is not a certain amount of capital. The fund is subject to a certain amount of capital and is not a certain amount of capital. The fund is subject to a certain amount of capital and is not a certain amount of capital. The fund is subject to a certain amount of capital and is not a certain amount of capital. The fund is subject to a certain amount of capital and is not a certain amount of capital.

**Investor Class**

an annual account service fee of $20, generally for accounts
$20,000
$20,000
$20,000
$20,000
$20,000
$20,000
$20,000
$20,000
$20,000
$20,000
$20,000

|  | statements, transaction confirmations, prospectuses, and shareholder reports for accounts | 12/31/22 | 12/31/21 | 12/31/20 | 12/31/19 | 12/31/18 |
| --- | --- | --- | --- | --- | --- | --- |
| Ratios/Supplemental Data |  |  |  |  |  |  |
| Net realized gain |  | - | - | (0.02) | (0.05) | (0.09) |
| Total distributions |  | (0.43) | (4.80) | (2.20) | (0.69) | (1.33) |
| Total return |  | (24.63)% | 13.74% | 31.80% | 37.90% | (3.11)% |

15

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

# FINANCIAL INSTITUTIONS

Rowe Price Personal Services or Enhanced Personal Services client

(enrollment in these programs generally requires T. Rowe Price assets at least $250,000.)
This fee is not included in the accompanying table. If you are subject to the fee, keep it in mind when you are estimating the ongoing expenses of investing in the fund and when comparing other funds.

A Class

| E | the expenses shown in the table highlight only your ongoing |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
|  | 3/8/23 | $47.37 | $46.04 | $36.66 | $27.13 |
| Net expenses after waivers | 12/31/22 | 12/31/21 | 12/31/20 | 12/31/19 | 12/31/18 |
| payments by Price Associates | 0.87% | 0.79% | 0.80% | 0.80% | 0.83% |
| Net investment income (loss) | (0.05)% | (0.41)% | (0.05)% | 0.20% | 0.33% (1) |
| Beginning of period | $47.41 | $46.06 | $36.66 | $27.14 | $29.41 |
| Portfolio turnover rate | 30.5% | 33.3% | 60.0% | 10.9% | 20.1% |
| Investment activities |  |  |  |  |  |
| Net assets, end of period (in |  |  |  |  |  |
| Net investment income (loss) (1)(2) | 0.06 | (0.13) | 0.01 | 0.14 | 0.15 (3) |

16

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

**FINANCIAL INFORMATION** The line of the table is useful in comparing ongoing costs only and will change the relative total costs of owning different funds. To the extent a fund charges transaction costs, however, the total cost of owning that fund is higher.

| (1) Class | $922 | $1,926 | $1,761 | $1,467 | $904 |
| --- | --- | --- | --- | --- | --- |
|  | (6.86) | 6.33 | 11.66 | 10.18 | (0.96) |
|  | (11.60) | 6.20 | 11.67 | 10.32 | (0.81) |

(1) Per share amounts calculated using 12/31/19 12/31/18 12/31/19 12/31/18

**Rate of Supplemental Data** (0.43) (4.88) (2.28) (0.69) (1.33)
Total return reflects the rate that an investor would have earned for an investment in the fund. In the fund, assuming reinvestment of all distributions, adjustment is a complete account fees, if applicable.

17

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

December 31, 2022

# FINANCIAL HIGHLIGHTS

|  |  |  |  | Shares | $ Value |
| --- | --- | --- | --- | --- | --- |
| (Cost and value in $000s) |  |  |  |  |  |
| COMMON STOCKS 99.0% |  |  |  |  |  |
| NET ASSET VALUE (assets) |  |  |  |  |  |
| End of purchases before waivers/ | $35.38 | $47.41 | $46.09 | $36.68 | $27.14 |
| provisions by Price Associates | 0.68% | 0.65% | 0.66% | 0.67% | 0.69% |
| End of purchases before waivers/ |  |  |  |  |  |
| Provisions by Price Associates | 0.68% | 0.65% | 0.66% | 0.67% | 0.69% |
| Net investment income (loss) | 0.17% | (0.27)% | 0.03% | 0.39% | 0.48% |
| Portfolio turnover rate | 30.5% | 33.3% | 60.0% | 10.9% | 20.1% |
| Net assets, end of period (in |  |  |  |  |  |

18

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

# **PRINCIPLE OF INVESTMENTS**

| Spotify Technology (1) | 23,667 | 1,000 |
| --- | --- | --- |
| Take-Two Interactive Software (1) | 55,153 | 5,743 |
| (Cost and value in $000s) |  |  |
|  |  | 11,399 |
| Interactive Media & Services 0.6% | $823,847 | $577,684 |
| Standard (1) | $531,487 | $324,557 |
|  |  | 36,200 |
|  |  | $4,636 |
| Match Group (1) | 173,430 | 93,981 |
| Household Durables 0.5% | 96,310 | 2,900 |

(1) NIR share amounts calculated using average shares outstanding method. 2,044 10,869
(2) See Note 6 for details of expense-related arrangements with Price Associates.
(3) Reflects a special dividend which amounted to $0.05 per share and 0.15% of average net assets.
(4) Total return reflects the rate that an investor would have earned on an investment in the fund during each period, assuming reinvestment of all distributions, and payment of no redemption or account fees, if applicable.

19

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

| Media 1.5% |  | 9,428 |
| --- | --- | --- |
| Internet & Direct Marketing Retail 0.2% | Shares | $ Value |
| First Class B | 221,500 | 2,200 |
| Second Class A (100s) | 50,000 | 1,877 |
| First Class A (100s) | 20,000 | 1,400 |
| Food & Staples Installing 0.8% | 294,000 | 13,207 |
| BJ's Wholesale Club Holdings (1) | 167,474 | 24,851 |
| Leisure Products 0.2% |  | 11,080 |
| Leisure General Services | 10,089 | 47,874 |
| The following items are an integral part of these financial statements. | 237,200 | 4,232 |
| CONSUMER DISCRETIONARY 14.8% |  | 13,344 |
| Food Products 1.5% |  | 4,232 |

20

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

Auto Components 0.2%

| Multi-line Retail 0.2% | 102,000 | 5,000 |
| --- | --- | --- |
| Auto (1) | 2,000 | 1,000 |
| Debtors (1) | 81,300 | 15,000 |
| Debtors (1) | 19,300 | 1,426 |
| Debtors (1) | 21,400 | 3,000 |
| Debtors (1) | 24,400 | 1,000 |
| Debtors (1) | 24,100 | 6,721 |
| Debtors (1) | 28,000 | 26,000 |
| Debtors (1) | 28,000 | 81,000 |
| Debtors (1) | 9,000 | 24,000 |
| Debtors (1) | 9,000 | 24,000 |
| Debtors (1) | 19,000 | 1,000 |

21

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

| Diversified Consumer Services 0.3% |  |  |
| --- | --- | --- |
| General (1) | 30,400 | 1,276 |
| Public Relations, Family Solutions (1) | 30,400 | 1,276 |
| Public Relations, Family Solutions (1) | 30,400 | 1,276 |
| Public Relations, Family Solutions (1) | 30,400 | 1,276 |
| Public Relations, Family Solutions (1) | 30,400 | 1,276 |
| ENERGY 3.5% |  |  |
| Consumer Finance 0.4% | 21,200 | 15,000 |
| Energy, Equipment & Services 0.7% | 20,951 | 4,570 |
| Consumer Financial Services 0.7% | 3,700 | 2,700 |
| Consumer Financial Services | 78,000 | 71,000 |
| Consumer Management (1) | 38,000 | 12,000 |
| Consumer Management (1) | 12,000 | 1,000 |
| The Company's Company's Company's internal part of these financial statements | 70,000 | 12,000 |
| Diversified Financial Services 0.8% | 12,000 | 1,000 |
| Consumer Consumable Fuels 3.9% | 20,000 | 16,000 |

22

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

| Public Global Management | 208,000 | 14,000 |
| --- | --- | --- |
| Publicity Class A (1)(2) | 10,000 | 10,000 |
| Publicity Class A (1)(2) | 10,000 | 10,000 |
| Publicity Class A (1)(2) | 10,000 | 10,000 |
| Publicity Class A (1)(2) | 10,000 | 10,000 |
| Publicity Class A (1)(2) | 10,000 | 10,000 |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |
| Publicity Class A (1)(2) | 10,000 | 10,000 |
| Publicity Class A (1)(2) | 10,000 | 10,000 |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |
| Publicity Class A (1)(2) | 10,000 | 10,000 |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |
| Publicity Class A (1)(2) | 10,000 | 10,000 |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |
| Publicity Class A (1)(2) | 10,000 | 10,000 |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |
| Publicity Class A (1)(2) | 10,000 | 10,000 |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |

| Publicity Class A (1)(2) | 10,000 | 10,000 |
| --- | --- | --- |
| Publicity Class A (1)(2) | 10,000 | 10,000 |
| Publicity Class A (1)(2) | 10,000 | 10,000 |
| Publicity Class A (1)(2) | 10,000 | 10,000 |
| Publicity Class A (1)(2) | 10,000 | 10,000 |
| Publicity Class A (1)(2) | 10,000 | 10,000 |
| Publicity Class A (1)(2) | 10,000 | 10,000 |
| Publicity Class A (1)(2) | 10,000 | 10,000 |
| Publicity Class A (1)(2) | 10,000 | 10,000 |
| Publicity Class A (1)(2) | 10,000 | 10,000 |
| Publicity Class A (1)(2) | 10,000 | 10,000 |
| Publicity Class A (1)(2) | 10,000 | 10,000 |

</table><tr><td>Publicity Class A (1)(2)</td><td>10,000</td><td>10,000</td></tr></table></table><tr><td>Publicity Class A (1)(2)</td><td>10,000</td><td>10,000</td></tr></table></table><tr><td>Publicity Class A (1)(2)</td><td>10,000</td><td>10,000</td></tr></table></table></table><tr><td>Publicity Class A (1)(2)</td><td>10,000</td><td>10,000</td></tr></table></table></table><tr><td>Publicity Class A (1)(2)</td><td>10,000</td><td>10,000</td></tr></table></table></table><tr><td>Publicity Class A (1)(2)</td><td>10,000</td><td>10,000</td></tr></table></table></table><tr><td>Publicity Class A (1)(2)</td><td>10,000</td><td>10,000</td></tr></table></table></table><tr><td>Publicity Class A (1)(2)</td><td>10,000</td><td>10,000</td></tr></table></table></table><tr><td>Publicity Class A (1)(2)</td><td>10,000</td><td>10,000</td></tr></table></table></table><tr><td></td></tr></table><tr><td></td><td></td><td></td></tr></table>

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T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

| CONSUMER STAPLES 3.0% |  | 3,388 |
| --- | --- | --- |
| Administration Services, Series C, Acquisition Date: 9/8/16, |  | 183,000 |
| Administration Services, Series C, Acquisition Date: 10/16/17 | Shares | 3,000 |
| Administration Services, Series C, Acquisition Date: 10/16/17 | 123,200 | 5,700 |
| Administration Services, Series A (1) | 166,300 | 18,200 |
| Administration Services, Series A | 187,547 | 25,704 |
| Administration Services, Series C (1) | 92,700 | 10,200 |
| Administration Services, Series C, Acquisition Date: 10/16/17 | 20,700 | 22,200 |
| Administration Services, Series C, Acquisition Date: 10/16/17 | 10,917 | 4,136 |
| Administration Services, Series C, Acquisition Date: 10/16/17 | 24,200 | 30,700 |
| Administration Services, Series C, Acquisition Date: 10/16/17 | 140,700 | 22,200 |
| Administration Services, Series C, Acquisition Date: 10/16/17 | 84,700 | 2,650 |
| Administration Services, Series C, Acquisition Date: 10/16/17 | 84,700 | 2,650 |
| Administration Services, Series C, Acquisition Date: 10/16/17 | 33,370 | 3,488 |

24

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

| Banks 0.4% | 16,728 | 2,513 |
| --- | --- | --- |
| Foreign Financial Institutions - A (1) | 97,853 | 9,170 |
| Building Institutions (1) | 12,000 acres | 1,000 due |
| Building Institutions (1) | 10,000 | 1,000 |
| Building Institutions (1) | 10,000 | 1,000 |
| Building Institutions (1) | 10,000 | 1,000 |
| Building Institutions (1) | 10,000 | 1,000 |
| Projected Public Laboratories - International (1) | 50,000 | 3,000 |
| Lease / Reserve (1) | 22,000 | 22,000 |
| Building Institutions (1) | 22,000 | 2,000 |
| Commercial Services & Supplies 3.7% | 11,000 | 3,000 |
| Building and Construction (1) | 11,000 | 3,000 |
| Building and Construction (1) | 28,000 | 18,000 |
| Building and Construction (1) | 25,000 | 3,000 |
| Building and Construction (1) | 25,000 | 3,000 |
| Building and Construction (1) | 25,000 | 3,000 |
| Building and Construction (1) | 25,000 | 3,000 |
| Building and Construction (1) | 25,000 | 3,000 |

25

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

| Road & Rail 1.6% | 263,600 | 16,053 |
| --- | --- | --- |
| Road & Rail 2.6% | 163,000 | 8,000 |
| Road & Rail 3.6% | 163,000 | 8,000 |
| Road & Rail 4.3% | 163,000 | 8,000 |
| Road & Rail 5.3% | 163,000 | 8,000 |
| Road & Rail 6.3% | 163,000 | 8,000 |
| Road & Rail 7.3% | 163,000 | 8,000 |
| Road & Rail 8.3% | 163,000 | 8,000 |
| Road & Rail 9.3% | 163,000 | 8,000 |
| Road & Rail 10.3% | 163,000 | 8,000 |
| Road & Rail 11.3% | 163,000 | 8,000 |
| Road & Rail 12.3% | 163,000 | 8,000 |
| Road & Rail 13.3% | 163,000 | 8,000 |
| Road & Rail 14.3% | 163,000 | 8,000 |
| Road & Rail 15.3% | 163,000 | 8,000 |
| Road & Rail 16.3% | 163,000 | 8,000 |
| Road & Rail 17.3% | 163,000 | 8,000 |
| Road & Rail 18.3% | 163,000 | 8,000 |
| Road & Rail 19.3% | 163,000 | 8,000 |
| Road & Rail 20.3% | 163,000 | 8,000 |

26

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

| INDUSTRIALS & BUSINESS SERVICES 16.4% | 323,900 | 16,500 |
| --- | --- | --- |
| General & General Services & Equipment 5.6% | 3,000 | 2,000 |
| General & General Services (1) | 3,000 | 2,000 |
| General & General Services (2) | 3,000 | 2,000 |
| General & General Services (3000s) | 1,000 | 1,000 |
| General & General Services (1.2%) | 1,000 | 1,000 |
| General & General Services (2) | 1,000 | 1,000 |
| General & General Services (3) | 1,000 | 1,000 |
| General & General Services (4) | 1,000 | 1,000 |
| General & General Services (5) | 1,000 | 1,000 |
| General & General Services (6) | 1,000 | 1,000 |
| General & General Services (7) | 1,000 | 1,000 |
| General & General Services (8) | 1,000 | 1,000 |
| General & General Services (9) | 1,000 | 1,000 |
| General & General Services (10) | 1,000 | 1,000 |
| General & General Services (11) | 1,000 | 1,000 |
| General & General Services (12) | 1,000 | 1,000 |
| General & General Services (13) | 1,000 | 1,000 |
| General & General Services (14) | 1,000 | 1,000 |
| General & General Services (15) | 1,000 | 1,000 |
| General & General Services (16) | 1,000 | 1,000 |
| General & General Services (17) | 1,000 | 1,000 |
| General & General Services (18) | 1,000 | 1,000 |
| General & General Services (19) | 1,000 | 1,000 |
| General & General Services (20) | 1,000 | 1,000 |
| General & General Services (21) | 1,000 | 1,000 |
| General & General Services (22) | 1,000 | 1,000 |
| General & General Services (23) | 1,000 | 1,000 |
| General & General Services (24) | 1,000 | 1,000 |
| General & General Services (25) | 1,000 | 1,000 |
| General & General Services (26) | 1,000 | 1,000 |
| General & General Services (27) | 1,000 | 1,000 |
| General & General Services (28) | 1,000 | 1,000 |
| General & General Services (29) | 1,000 | 1,000 |
| General & General Services (30) | 1,000 | 1,000 |

27

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND[{"box_2d": [36, 83, 621, 192], "label": "table", "caption": "

| Auto, DNCM(1) | 184,800 | 12,000 |
| --- | --- | --- |
| Ballour, Haplo (1) | 36,400 | 21,000 |
| Ballour, Haplo Systems | 30,000 | 18,000 |
| Ballour, Haplo Systems | 100,000 | 1,000 |
| Ballour, Haplo Systems | 100,000 | 1,000 |
| Ballour, Haplo Systems | 100,000 | 1,000 |
| Ballour, Haplo Systems | 100,000 | 1,000 |
| Ballour, Haplo Systems | 100,000 | 1,000 |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |
| Ballour, Haplo Systems | 100,000 | 1,000 |
| Ballour, Haplo Systems | 100,000 | 1,000 |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |
| Ballour, Haplo Systems | 100,000 | 1,000 |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |
| Ballour, Haplo Systems | 100,000 | 1,000 |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

| Ballour, Haplo Systems | 100,000 | 1,000 |
| --- | --- | --- |

<table><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletable><table><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,000</td><td>1,000</td></tr></tabletabletable><tr><td>Ballour, Haplo Systems</td><td>100,

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

| Security Acquisition Date: 10/22/21, Cost $433 (1)(3)(4) | 198,874 | 2,201 |
| --- | --- | --- |
| Security Acquisition Date: 12/22/21, Cost $525 (1)(3)(4) | 23,000 | 23,000 |
| Security Acquisition Date: 12/22/21, Cost $525 (1)(3)(4) | 23,000 | 23,000 |
| Security Acquisition Date: 12/22/21, Cost $433 (1)(3)(4) | 23,000 | 23,000 |
| Security Acquisition Date: 12/22/21, Cost $433 (1)(3)(4) | 23,000 | 23,000 |
| Security Acquisition Date: 12/22/21, Cost $433 (1)(3)(4) | 23,000 | 23,000 |
| Security Acquisition Date: 12/22/21, Cost $433 (1)(3)(4) | 23,000 | 23,000 |

Security Acquisition Date: 10/27/21, Cost $998 (1)(3)(4) without first registered registered 12,000
Security Acquisition Date: 12/27/21, Cost $998 (1)(3)(4) ("restricted 12,000"). Acquisition
Security Acquisition Date: 12/27/21, Cost $998 (1)(3)(4) ("restricted 12,000"). Acquisition
Security Acquisition Date: 12/27/21, Cost $998 (1)(3)(4) ("restricted 12,000"). Acquisition
Security Acquisition Date: 12/27/21, Cost $998 (1)(3)(4) ("restricted 12,000"). Acquisition

29

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

| Simon Property Group REIT | 81,000 | 1,539 |
| --- | --- | --- |
| Carroll Acquisition Costs (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) (40) (41) (42) (43) (44) (45) (46) (47) (48) (49) (50) (51) (52) (53) (54) (55) (56) (57) (58) (59) (60) (61) (62) (63) (64) (65) (66) (67) (68) (69) (70) (71) (72) (73) (74) (75) (76) (77) (78) (79) (80) (81) (82) (83) (84) (85) (86) (87) (88) (89) (90) (91) (92) (93) (94) (95) (96) (97) (98) (99) (100) | 1,539 | 1,539 |
| Carroll Acquisition Costs (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) (40) (41) (42) (43) (44) (45) (46) (47) (48) (49) (50) (51) (52) (53) (54) (55) (56) (57) (58) (59) (60) (61) (62) (63) (64) (65) (66) (67) (68) (69) (70) (71) (72) (73) (74) (75) (76) (77) (78) (79) (80) (81) (82) (83) (84) (85) (86) (87) (88) (89) (90) (91) (92) (93) (94) (95) (96) (97) (98) (99) (100) | 1,539 | 1,539 |
| Carroll Acquisition Costs (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) (40) (41) (42) (43) (44) (45) (46) (47) (48) (49) (50) (51) (52) (53) (54) (55) (56) (57) (58) (59) (60) (61) (62) (63) (64) (65) (66) (67) (68) (69) (70) (71) (72) (73) (74) (75) (76) (77) (78) (79) (80) (81) (82) (83) (84) (85) (86) (87) (88) (89) (90) (91) (92) (93) (94) (95) (96) (97) (98) (99) (100) | 1,539 | 1,539 |

SECURITIES LENDING COLLATERAL 0.4%

30

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

December 31, 2022

| Securities, or a company that is under common ownership or control. The following securities were | 62,573 | 6,098 |
| --- | --- | --- |
| CONVERTIBLE PREFERRED STOCKS 1.0% |  |  |
| INVESTMENTS IN A POOLED ACCOUNT THROUGH |  |  |
| RECEIVING LENDING PROGRAM WITH STATE STREET BANK |  |  |
| AND |  |  |
| Property 0.1% |  |  |
| Money Market Funds 0.4% |  |  |
| Cash and Saturates, Forward to Acquisition (Date 1/30/2022) |  |  |
| Affiliate, Bank Investment Reserve Fund 4.30% (5)(6) Gain (Loss) |  |  |
| Cash and Saturates, Forward to Acquisition (Date 1/30/2022) |  |  |
| Cash and Saturates, Forward to Acquisition (Date 1/30/2022) |  |  |
| Cash and Saturates, Forward to Acquisition (Date 1/30/2022) |  |  |
| Cash and Saturates, Forward to Acquisition (Date 1/30/2022) |  |  |
| Cash and Saturates, Forward to Acquisition (Date 1/30/2022) |  |  |
| Cash and Saturates, Forward to Acquisition (Date 1/30/2022) |  |  |
| Cash and Saturates, Forward to Acquisition (Date 1/30/2022) |  |  |
| Cash and Saturates, Forward to Acquisition (Date 1/30/2022) |  |  |

31

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

| COMMITMENT TO T. ROWE PRICE DIVERSIFIED MID-CAP Trust Company # $ |  | - $ | 7,281 |
| --- | --- | --- | --- |
| Total Securities Lending Collateral (Cost $7,281) |  |  | 7,281 |
| Software 0.9% |  |  |  |
| Supplemental Investment Schedule |  |  |  |
| Cash |  |  |  |
| 100.4% of Net Assets | Value | Purchase | Sales |
| Amount | 12/31/21 | Cost | 12/31/21 |
| Total | 12/31/21 | Cost | 12/31/21 |
| Total Investment Expenditures |  | 12/31/21 | 12/31/21 |
| T. Rowe Price Government |  | Cost | 12/31/21 |
| Amount |  |  | 12/31/21 |
| Total |  |  | 12/31/21 |
| Total Investment Expenditures |  | 12/31/21 | 12/31/21 |
| Total Investment Income (Cost) |  | 12/31/21 | 12/31/21 |
| Investment management fees payable |  |  | 12/31/21 |
| Due to (Net of foreign taxes of $66) |  |  | 12/31/21 |
| Payable to (Investing) |  |  | 12/31/21 |
| Other (Other) |  |  | 12/31/21 |
| Other (Other) |  |  | 12/31/21 |
| Expenses |  |  |  |

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

32

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

STATEMENT OF OPERATIONS Dominated in U.S. dollars unless otherwise noted.

| (9000) | (1) Net income prevailing |  |
| --- | --- | --- |
| # | Capital gains/losses from underlying these funds represented $0 of the net received gain (loss). |  |
|  | (2) See Note 2. Level 3 in fair value hierarchy. |  |
| ** | Excludes earnings on securities lending collateral, which are subject to rebates and fees as |  |
|  | Total liabilities | 14,103 |
|  | Investment management | 12,157 |
| + | Investment income comprised $14 of dividend income and $0 of interest income. |  |
| □ | Investment fund | $1,746,138 |
| ^ | The Company's investment in affiliated companies was $7,718. | 2,274 |
|  | Net Assets Consist of: | 175 |
|  | Total of the shareholder reports | 2,449 |
|  | Total of the shareholder reports | $486 |
|  | Paid for Capital (losses) to 49,428,975 shares of $0.0001 | (54,059) |
|  | par Gage's interest and due to 100,000,000 shares | (558,048) |
|  | Balance and accounting | (611,621) |
|  | Net assets from operations | 240,325 |
|  |  | 74,356 |
|  |  | 2,069,293 |

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

33

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

# STATEMENT OF CHANGES IN NET ASSETS

($000s)

| Registration | Year Ended | 92 |
| --- | --- | --- |
| Distributions to share holders | 12/31/22 | $1,746,138 |
| Net Assets | (11,241) | (178,587) |
| Net Assets (Other) | (7,949) | (281,000) |
| Net Assets (Other) | 2,011,587 | (2,203,487) |
| Net Assets (Other) | $1,746,138 | $2,503,537 |
| Net Assets (Other) |  | $35.28 |

($922,290,787 / 26,145,327 shares outstanding)
(Share share outstanding Gain / Loss)

34

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

# STATEMENT OF CHANGES IN NET ASSETS

($000s)

Shares sold
($22,347,000 - $20,283,648 shares outstanding)
143,540 $143,540.38
Challenges in the investment plan (Note on securities)
143,040 (1940 Act) as a diversified, open-ended fund
(1 Class)
Net interest and variances generally The fund seeks to provide long-term capital growth
Distributions reinvested
by invested primarily in the common stocks of mid-cap growth companies. The fund
DECREASE IN NET ASSETS FROM OPERATIONS
$40,000 $40,000.00
In the case of the financial and financial growth Fund reinvestor (1 Class) and the
Shares (relieved)
Dividends (Mid-Cap Growth Fund-I Class (I Class). I Class shares require a $500,000
Investor Class (709,077) (407,088)
initial investment minimum, although the minimum generally not waived or not waived
(1 Class) (1,277) (1,236)
for financial intermediaries, eligible retirement plans, and certain other accounts.

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

35

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

NOTICE TO FINANCIAL STATEMENTS these financial statements.

T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. (the fund) is registered under
return of capital of capital gain for six purposes, are reclassified when such information
increase (decrease) in net assets from capital share.
Financial statements in the financial statements are recorded in the fair market value of
the asset received. Proceeds from litigation payments, if any, are included in either net
generally waived for financial intermediaries, eligible retirement plans, and other certain
realized gain (loss) or change in net unrealized gain/loss from securities. Distributions
accounts. As a result of the reduction in the I Class minimum, certain assets transferred
to shareholders are recorded on the ex-dividend date. Income distributions, if any, are
from the Investor Class to the I Class. This transfer of shares from Investor Class to
declared and paid by each class annually. A capital gain distribution, if any, may also be
I Class is reflected in the Statement of Changes in Net Assets within the Capital shares
declared and paid by the fund annually.
transactions as Shares redeemed and Shares sold, respectively. Each class has exclusive
voting rights on matters related solely to that class; separate voting rights on matters that

36

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

REITs are initially recorded as dividend income and, to the extent such represent a

**Class Accounting** Shareholder servicing, prospectus and shareholder report expenses
**Part Value** The fund's financial instruments are valued at the close of the NYSE and are
replaced by such class as charges directly to the fund to which they relate. Expenses
reported on all classes, investment income and realized and unrealized gains and losses
based on the transfer a liability in an orderly transaction between market participants
and the measurement date. The funds Board of Directors (the Board) has designated

**Capital Transactions** Each investor's interest in the net assets of the fund is represented
by each company. The fund's cash value would also share as computed at the close of

**Basis of Preparation** The fund is an investment company and follows accounting and

37

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

# **NOTE 2 - VALUATION**

functions in performing fair value determinations: assesses and manages valuation the New York Stock Exchange (NYSE) normally 4 p.m. ET each day the NYSE is open rates established and applies fair value determinations. The fair value determinations are for business, however, the NYSE per share may be calculated at a time either, thus, the fair value of the NYSE is based on the NYSE as indicated in the NYSE, and the fair value of the NYSE is based on the NYSE as indicated in the NYSE. The fair value of the NYSE is based on the NYSE as indicated in the NYSE. The fair value of the NYSE is based on the NYSE as indicated in the NYSE. The fair value of the NYSE is based on the NYSE as indicated in the NYSE. The fair value of the NYSE is based on the NYSE as indicated in the NYSE. The fair value of the NYSE is based on the NYSE as indicated in the NYSE.

38

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

**Valuation Techniques** Equity securities, including exchange-traded funds, listed or

**New Accounting Guidance** In June 2022, the FASB issued Accounting Standards
Inputs used to measure fair value;
Investments in the 2022-23, the FASB issued the following: December 31, 2022, the
the value of assets, realized value, and the amount of the assets, in which the
amount of the assets, in which the amount of the assets, in which the
amount of the assets, in which the amount of the assets, in which the
amount of the assets, in which the amount of the assets, in which the
amount of the assets, in which the amount of the assets, in which the
amount of the assets, in which the amount of the assets, in which the
amount of the assets, in which the amount of the assets

Investment transactions, the

Total Value
Level 2, inputs other than Level 1 quoted prices that are observable, either directly or
in measuring fair value. The experiments under this ASU are effective for fiscal
investments in the 2022-23, the FASB issued the following: December 31, 2022, the
value of assets, realized value, and the amount of the assets, in which the
amount of the assets, in which the amount of the assets, in which the
amount of the assets, in which the amount of the assets, in which the
amount of the assets, in which the amount of the assets, in which the
amount of the assets, in which the amount of the assets, in which the
amount of the assets, in which the amount of the assets, in which the
amount of the assets, in which the amount

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

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

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

39

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

# **Valuation Inputs** The following table summarizes the fund's financial instruments,

permitted, effective December 1, 2022. Adoption of the guidance did not have a material
conversely made from the financial instruments, and the fund was not
replaced by the financial instruments. The amount of the fund was
replaced by the financial instruments. The amount of the fund was
replaced by the financial instruments. The amount of the fund was
replaced by the financial instruments. The amount of the fund was
replaced by the financial instruments. The amount of the fund was
replaced by the financial instruments. The amount of the fund was
replaced by the financial instruments. The amount of the fund was
replaced by the financial instruments. The amount of the fund was

40

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

**Restricted Securities** The fund invests in securities that are subject to legal or

collateral, in the form of cash or U.S. government securities. Collateral is maintained pursuant to a certain policy. The Fund's value of collateral is not limited to the value of the fund. The Fund's value of collateral is not limited to the value of the fund. The Fund's value of collateral is not limited to the value of the fund. The Fund's value of collateral is not limited to the value of the fund. The Fund's value of collateral is not limited to the value of the fund. The Fund's value of collateral is not limited to the value of the fund. The Fund's value of collateral is not limited to the value of the fund. The Fund's value of collateral is not limited to the value of the fund. The Fund's value of collateral is not limited to the value of the fund.

41

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

return but which can be extended to six years in certain circumstances. Tax returns for
its securities and a possible loss of income or value if the banker fails to return the
return of the property. The balance of the property is due to the value of the property's
interest. The balance of the property is due to the value of the property's
interest. The balance of the property is due to the value of the property's
interest. The balance of the property is due to the value of the property's
interest. The balance of the property is due to the value of the property's
interest. The balance of the property is due to the value of the property's
interest. The balance of the property is due to the value of the property's
interest.

42

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

Temporary differences between book-basis and tax-basis components of total

56,048,000, the value of cash collateral and related investments 1,033,757,281,000. 191,892

which Price Associates is contractually required to pay all operating expenses of the
Other Purchases and sales of portfolio securities other than short-term securities
of other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-basis cost of investments (including derivatives of any)
and other operating management fees; and other operating management fees; and other operating
and other operating management fees; and other operating management fees; and other operating
and other operating management fees; and other operating management fees; and other operating
and other operating management fees; and other operating management fees; and other operating
and other operating management fees; and other operating management fees; and other operating
and other operating management fees; and other operating management fees; and other operating
and other operating management fees; and other operating management fees; and other operating

NOTE 3. GENERAL INVESTMENT TRANSACTIONS
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69,, [69, [69,, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 2"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69,, [69, [69, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, 451, 451, 451, 451, 451, 451, 451, 451, 451, 451, 451, 451, 451, 451, 451, 451, 451"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, 584, 584, 584, 584, 584, 584, 584, 584, 584, 584, 584, 584, 584, 584, 584, 584, 584, 584, 584"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)[{"box, [69, [69, [69, [69, [69, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1"}]

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

NOTE 4. FEDERAL INCOME TAXES
The tax-based cost of investments (including derivatives of any)
and other operating management fees; interest; expenses related to borrowings, taxes,
and brokerage non-recurring, extraordinary expenses; and acquired fund fees and
depreciation 37,202,702, the tax-based cost of investments (including derivatives of any)

43

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

The I Class is subject to an operating expense limitation (I Class Limit) pursuant to
the 1st paragraph and Statement of Accounting, the information, foreign tax laws and, for the
expenses previously paid to the extent the class's net assets grow or expenses decline
and/or increase the amount of the class's assets to the extent the class's net assets grow or expenses decline
sufficiently to allow repayment, without causing the class's operating expenses (after
the repayment is taken into account) to exceed the lesser of: (1) the I Class Limit in
the amount of the class's assets to the extent the class's net assets grow or expenses decline
and/or increase the amount of the class's assets to the extent the class's net assets grow or expenses decline
sufficiently to allow repayment, without causing the class's operating expenses (after
the repayment is taken into account) to exceed the lesser of: (1) the I Class Limit in
the amount of the class's assets to the extent the class's net assets grow or expenses decline
and/or increase the amount of the class's assets to the extent the class's net assets grow or expenses decline
sufficiently to allow repayment, without causing the class's operating expenses (after
the repayment is taken into account) to exceed the lesser of: (1) the I Class Limit in
the amount of the class's assets to the extent the class's net assets grow or expenses decline
and/or increase the amount of the class's assets to the extent the class's net assets grow or expenses decline
sufficiently to allow repayment, without causing the class's operating expenses (after
the repayment is taken into account) to exceed the lesser of: (1) the I Class Limit in
the amount of the class's assets to the extent the class's net assets grow or expenses decline
and/or increase the amount of the class's assets to the extent the class's net assets grow or expenses decline

in December 2013. The following is a report of the Company's performance and performance of the Company's performance and performance of the Company's performance and performance of the Company's performance and performance of the Company's performance and performance of the Company's performance and performance of the Company's performance and performance of the Company's performance and performance of the Company's performance and performance of the Company's performance and performance of the Company's performance and performance of the Company's performance and performance of the Company's performance and performance of the Company's performance and performance of the Company's performance and performance

44

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

The fund may invest its cash reserves in certain open-end management investment

Any other funding liability incurred by the Fund is limited to the full amount of the fund's tax return, which is required by the relevant tax authorities, until expiration of the plan. The Fund is subject to examination by the relevant tax authorities, until expiration of the plan. The Fund is subject to examination by the relevant tax authorities, until expiration of the plan. The Fund is subject to examination by the relevant tax authorities, until expiration of the plan.

NOTE A. RELATED SHARES FOR TRANSACTIONS
A. The exchange Commission rules which invest the result and loss of global events which may have a negative impact on the future. The Fund is subject to examination by the relevant tax authorities, until expiration of the plan. The Fund is subject to examination by the relevant tax authorities, until expiration of the plan.

45

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

In February 2022, Russian forces entered Ukraine and commenced an armed
Trial distribution, earnings (loss)
$380,945
The first time was for more than 100,000 of the funds, and the second time was for more than 100,000 of the funds, and the third time was for more than 100,000 of the funds, and the fourth time was for more than 100,000 of the funds, and the fifth time was for more than 100,000 of the funds, and the sixth time was for more than 100,000 of the funds, and the seventh time was for more than 100,000 of the funds, and the eighth time was for more than 100,000 of the funds, and the sixth time was for more than 100,000 of the funds, and the seventh time was for more than 100,000 of the funds, and the eighth time was for more than 100,000 of the funds, and the sixth time was for more than 100,000 of the funds, and the seventh time was for more than 100

46

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

# REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

portfolio of investments, of T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. (the

(CONTINUED) as of December 31, 2022, the related statement of operations for the year ended

NOTE: This report is for the first time in the period ended December 31, 2022, the effective date of the end of the year ended December 31, 2022, the effective date of the end of the year ended December 31, 2022, the effective date of the end of the year ended December 31, 2022, the effective date of the end of the year ended December 31, 2022, the effective date of the end of the year ended December 31, 2022, the effective date of the end of the year ended December 31, 2022, the effective date

47

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

# REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

By management, the firm is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The financial statements are the responsibility of the Fund's management. Our  
Since 2006, the 2007 financial statements are the responsibility of the Fund's management. Our  
$2,938,000 from short-term capital gains  
and the Fund's financial statements based on our  
Financial statements are the responsibility of the Fund's management. Our  
Financial statements are the responsibility of the Fund's management. Our  
Financial statements are the responsibility of the Fund's management. Our  
Financial statements are the responsibility of the Fund's management. Our  
Financial statements are the responsibility of the Fund's management. Our  
Financial statements are the responsibility of the Fund's management. Our  
Financial statements are the responsibility of the Fund's management.

financial markets.

48

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

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

The 1st 1,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000

49

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

# **LIQUIDITY RISK MANAGEMENT PROGRAM**

**INFORMATION** **THE PROOF** **VOLUME 30** **REPORT** **REPORTABLE** **A** **REPORT**  
**RECORDS** **REPORT** **REPORTABLE** **A** **REPORT**  
**REPORT** **REPORTABLE** **A** **REPORT**  
**REPORT** **REPORTABLE** **A** **REPORT**  
**REPORT** **REPORTABLE** **A** **REPORT**  
**REPORT** **REPORTABLE** **A** **REPORT**  
**REPORT** **REPORTABLE** **A** **REPORT**  
**REPORT** **REPORTABLE** **A** **REPORT**  
**REPORT** **REPORTABLE** **A** **REPORT**  
**REPORT** **REPORTABLE** **A** **REPORT**  
**REPORT**

and the following will be the Board of Directors and the Directors' Board of Directors. A description of the policies and procedures used by T. Rowe Price funds to determine the full and above the following is the Board of Directors' Board of Directors' Board of Directors' Board of Directors' Board of Directors' Board of Directors' Board of Directors' Board of Directors' Board of Directors' Board of Directors' Board of Directors' Board of Directors' Board of Directors' Board of Directors' Board of Directors' Board of Directors' Board of Directors' Board of Directors' Board of Directors' Board of Directors' Board of Directors' Board of Directors' Board of Directors' Board of Directors' Board of Directors' Board

categories, as well as the percentage of a fund's investments assigned to each category. The Liquidity Program's principal objectives include supporting the T. Rowe Price funds. It also explained the methodology for establishing a fund's HLIM and noted that the LRC

50

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

# **LIQUIDITY RISK MANAGEMENT PROGRAM (CONTINUED)**

The description of our proxy voting policies and procedures is also available on our
reliability basis. The liability of the party is not limited to the risk that the
property is not limited to the risk that the property is not limited to the risk that the
property is not limited to the risk that the property is not limited to the risk that the
property is not limited to the risk that the property is not limited to the risk that the
property is not limited to the risk that the property is not limited to the risk that the
property is not limited to the risk that the property is not limited to the risk that the
property is not limited to the risk that the property is not limited to the risk that the
property is not limited to the risk that the property is not limited to the risk that the
property is not limited to the risk that the property is not limited to the risk that the
property is not limited to the risk that the property is not limited to the risk that the
property is not limited to

Section 2(a)(1) of the 1940 Act because of their relationships with T. Rowe Price and its affiliates.

The business address of each director and officer is 100 East Pratt Street, Baltimore, Maryland

---

---

---

---

---

---

---

---

---

---

---

---

---

51

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

# **ABOUT THE FUND'S DIRECTORS AND OFFICERS**

21202. The study of the $100 million fund for the development of the investment and the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of

Name (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)

**INDEPENDENT DIRECTORS** (Number of Directors) (Number of Directors) (Number of Directors) (Number of Directors) (Number of Directors) (Number of Directors) (Number of Directors) (Number of Directors) (Number of Directors) (Number of Directors) (Number of Directors) (Number of Directors) (Number of Directors) (Number of Directors) (Number of Directors) (Number of Directors) (Number of Directors) (Number of Directors) (Number of Directors) (Number of Directors) (Number of Directors)

52

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH 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] [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] [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] [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] [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] [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] [Number of T. Rowe Price, Principal Occupation(s) and Directorships of Public Companies and Portfolios Overseen]

53

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

# **INTERESTED DIRECTORS** (CONTINUED)

2000. cash and cash equivalents, as well as available borrowing arrangements.
Report: Department, The South Hopkins University (2009 to present); Director, Competitive April 27, 2022, Mr. Daniels resigned from his role as an independent director of the Price
2012: Lyndhurst Holdings (2015 to present); Director, Blueglesio, Pharma, Inc.
Fund:
2013. The information about the interested directors was current as of January 1, 2022, unless otherwise
Effective November 8, 2021. Mr. Walker was appointed as an independent director of the Price Funds.
Director, Growth for the Islamic Growth Fund President, Chief Executive Officer, and Director, Lyndhurst, Inc. (2020
Bruck W. Duncan). Mr. Sharan resigned from his role as an interested director of the Price
2020: The President, T. Rowe Price and T. Rowe Price
2014/05: the Board (2016 to 2020) and President (2009 to 2016). First Industrial
2015: President (2009 to 2016). Really Trust; owner and operator of industrial properties; Chair of the
Name: Board (2005 to 2016) and Director (1999 to 2016). Starwood Hotels &
(Year of Birth) Vice President, Price Investment Management,
Alan S. Dupski, CPA (1982)

54

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

# OFFICERS (CONTINUED)

Name (Year of Birth)
Position Held With Diversified Mid-Cap Growth Fund

Name (Year of Birth)
Position Held With Diversified Mid-Cap Growth Fund

Name (Year of Birth)
Position Held With Diversified Mid-Cap Growth Fund

Name (Year of Birth)
Position Held With Diversified Mid-Cap Growth Fund

Name (Year of Birth)
Position Held With Diversified Mid-Cap Growth Fund

Name (Year of Birth)
Position Held With Diversified Mid-Cap Growth Fund

55

Name (Year of Birth)
Position Held With Diversified Mid-Cap Growth Fund

Principal Occupation(s)

T. ROWE PRICE DIVERSIFIED MID-CAP GROWTH FUND

**OFFICERS (CONTINUED)**

Vice President

Rachel D. Jones (1982)

Vice President

Benjamin Kersse, CPA (1989)

Vice President

Paul L. L. (1990)

Supreme Court

Capasso (1990)

Chief Executive Officer

Price Japan (Price Japan) (Price Japan) (Price Japan) (Price Japan) (Price Japan) (Price Japan) (Price Japan) (Price Japan) (Price Japan) (Price Japan) (Price Japan) (Price Japan) (Price Japan) (Price Japan) (Price Japan) (Price Japan) (Price Japan) (Price Japan) (Price Japan) (Price Japan) (Price Japan) (Price Japan) (Price Japan) (Price Japan) (Price Japan) (Price Japan)

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

56

Name (Year of Birth)
Position Held With Diversified Mid-Cap
Growth 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 any other performing similar functions. A copy of this code of ethics is filed in an official Form N-CSR. No substantive amendments were approved or waivers were granted to this code as either a copy or a period of time as a result.

The registrant's official Directors has determined that the registrant's annual financial statements and services are not a financial expert, as defined in Item 3 of Form N-CSR. Ms. Bazemore is committed to the purpose of the Form N-CSR. The registrant's official Directors' official Directors' official Directors' official Directors' official Directors' official Directors' official Directors' official Directors' official Directors' official Directors' official Directors' official Directors' official Directors' official Directors' official Directors' official Directors' official Directors' official Directors' official Directors' official Directors' official Directors' official Directors' official Directors' official Directors' official Directors' official Directors' official

(a) - (d) A person has been filed for the last two fiscal years for professional services rendered to, or on behalf of, the registrant by the registrant's principal accountant were as follows:

|  | 2022 | 2021 |
| --- | --- | --- |
| Audit Fees | $21,734 | $21,172 |
| Audit-Related Fees | - | - |
| Tax Fees | - | 1,540 |
| All Other Fees | - | - |

Audit fees include amounts related to the audit of the registrant's annual financial statements and services normally provided by the accountant in connection with statutory and regulatory filings. Audit-related fees include amounts reasonably related to the performance of the audit of the registrant's financial statements and specifically include the issuance of a report on internal controls and, if applicable, agreed-upon procedures related to fund acquisitions. Tax fees include amounts related to services for tax compliance, tax planning, and tax advice. The nature of these services specifically includes the review of distribution calculations and the preparation of Federal, state, and excise tax returns. All other fees include the registrant's pro-rata share of amounts for agreed-upon procedures in conjunction with service contract approvals by the registrant's Board of Directors/Trustees.

(e)(1) The registrant's audit committee has adopted a policy whereby audit and non-audit services performed by the registrant's principal accountant for the registrant, its investment adviser, and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant require pre-approval in advance at regularly scheduled audit committee meetings. If such a service is required between regularly scheduled audit committee meetings, pre-approval may be authorized by one audit committee member with ratification at the next scheduled audit committee meeting. Waiver of pre-approval for audit or non-audit services requiring fees of a de minimis amount is not permitted.

(2) No services included in (b) - (d) above were approved pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.

T. Rowe Price Investment Services, Inc. \ 100 East Pratt Street \ Baltimore, MD 21202-1009

(f) Less than 50 percent of the hours expended on the principal accountant's engagement to audit the registrant's financial statements for the most recent fiscal year were attributed to work performed by persons other than the principal accountant's full-time, permanent employees.

(g) The aggregate fees billed for the most recent fiscal year and the preceding fiscal year by the registrant's principal accountant for non-audit services rendered to the registrant, its investment adviser, and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant were $2,037,000 and $3,732,000, respectively.

(h) All non-audit services rendered in (g) above were pre-approved by the registrant's audit committee. Accordingly, these services were considered by the registrant's audit committee in

The following table provides the information in English:

GENERAL INVESTING

IRAs: Traditional, Roth, Individual or Joint

Not applicable

Brokerage

Credit Business Plans

The complete schedule of investment is included in Item 1 of the

Vice President

(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.**

Anthony, Robert (2009) Gifts and transfers to T. Rowe Price and T. Rowe Price
(2) The registrant's name of ethics pursuant to Item 12.1.1(a) and (2) is attached to the related expenses
Vice President, Price
child (UCM/MUMAS)

(2) See Appendix B for details. Registrant's principal executive officer and principal financial officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 and required by Rule 30a-2(a) under the Investment Company Act of 1940, are attached.
Under the Investment Company Act of 1940, are attached.

5 years.
(3) Written declaration to report base securities issued by closed-end companies: not applicable.

(b) A certificate to be made with a member of the 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 Diversified Mid-Cap Growth Fund, Inc.

By /s/ David Oestreicher
David Oestreicher
Principal Executive Officer

Date: February 16, 2023
*The request a prospectus or summary prospectus; each includes investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing.*

All mutual funds are subject to market risk and other available risk information. Investment, investment, and other information that you should read and consider carefully before investing. Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By T. Rowe Price Diversified Mid-Cap Growth Fund, Inc.
David Oestreicher
Principal Executive Officer

Date: February 16, 2023

By /s/ Alan S. Dupski
Alan S. Dupski
Principal Financial Officer

Date: February 16, 2023

T. Rowe Price Advisory Services, Inc., a registered investment adviser under the Investment Advisers Act of 1940. Brokerage services are provided by T. Rowe Price Investment Services, Inc., member FINRA/SIPC. Brokerage accounts are carried by Pershing LLC, a BNY Mellon Company, member NYSE/FINRA/SIPC. T. Rowe Price Advisory Services, Inc., and T. Rowe Price Investment Services, Inc., are affiliated companies.

$^{2}$ Brokerage services are provided by T. Rowe Price Investment Services, Inc., member FINRA/SIPC. Brokerage accounts are carried by Pershing LLC, a BNY Mellon Company, member NYSE/FINRA/SIPC.

202302-2582128  
P149-050 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
Diversified Mid-Cap Growth Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state
a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in
this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role
in the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| Date: February 16, 2023 | /s/ David Oestreicher |
|  | David Oestreicher |
|  | Principal Executive Officer |

---

------

**<u>CERTIFICATIONS</u>** 

I, Alan S. Dupski, certify that:

1. I have reviewed this report on Form N-CSR of T. Rowe Price
Diversified Mid-Cap Growth Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state
a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in
this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role
in the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| Date: February 16, 2023 | /s/ Alan S. Dupski |
|  | Alan S. Dupski |
|  | Principal Financial Officer |

---

## Exhibit 99.906

**Item 13. (b)** 

**CERTIFICATION UNDER SECTION 906 OF SARBANES-OXLEY ACT OF 2002** 

Name of Issuer: T. Rowe Price Diversified Mid-Cap Growth Fund

In connection with the Report on Form N-CSR for the above named Issuer, the undersigned hereby certifies, to the best of his knowledge, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange
Act of 1934;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Report fairly presents, in all material respects, the financial condition
and results of operations of the Issuer.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date: February 16, 2023 | /s/ David Oestreicher |
|  | David Oestreicher |
|  | Principal Executive Officer |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date: February 16, 2023 | /s/ Alan S. Dupski |
|  | Alan S. Dupski |
|  | Principal Financial Officer |

---

## Ex-99.Code

**CODE OF ETHICS FOR PRINCIPAL EXECUTIVE AND SENIOR FINANCIAL** 

**OFFICERS OF THE T. ROWE PRICE MUTUAL FUNDS AND EXCHANGE-** 

**TRADED FUNDS** 

**UNDER THE SARBANES-OXLEY ACT OF 2002** 

**I. General Statement.** This Code of Ethics for the T. Rowe Price Mutual Funds and Exchange-Traded Funds (the "Price ETFs" and, together with the Mutual Funds, the **"Price Funds")** has been designed to bring the Price Funds into compliance with the applicable requirements of the Sarbanes-Oxley Act of 2002 (the **"Act")** and rules promulgated by the Securities and Exchange Commission thereunder ("Regulations"). This Price Funds' Code of Ethics (the **"S-O Code")** applies solely to the Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer or Controller of, or persons performing similar functions for, a Price Fund (whether such persons are employed by a Price Fund or third party) **("Covered Officers").** The **"Price Funds"** shall include each mutual fund and ETF that is managed, sponsored and distributed by affiliates of T. Rowe Price Group, Inc. **("Group").** The investment managers to the Price Funds will be referred to as the **"Price Fund Advisers."** A list of Covered Officers is attached as **Exhibit A.**

The Price Fund Advisers have, along with their parent, T. Rowe Price Group, Inc. **("Group")** also maintained a comprehensive Code of Ethics and Conduct (the **"Group Code")** since 1972, which applies to all officers, directors and employees of the Price Funds, Group and its affiliates.

As mandated by the Act, Group has adopted a Code (the **"Group S-O Code"),** similar to the Price Funds S-O Code, which applies solely to its principal executive and senior financial officers. The Group S-O Code and the Price Funds S-O Code will be referred to collectively as the **"S-O Codes".**

The Price Funds S-O Code has been adopted by the Price Funds in accordance with the Act and Regulations thereunder and will be administered in conformity with the disclosure requirements of Item 2 of Form N-CSR. The S-O Codes are attachments to the Group Code. In many respects the S-O Codes are supplementary to the Group Code, but the Group Code is administered separately from the S-O Codes, as the S-O Codes are from each other.

**II. Purpose of the Price Funds S-O Code.** The purpose of the Price Funds S-O Code, as mandated by the Act and the Regulations, is to establish standards that are reasonably designed to deter wrongdoing and to promote:

**Ethical Conduct.** Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships.

**Disclosure.** Full, fair, accurate, timely and understandable disclosure in reports and documents that the Price Funds file with, or submit to, the SEC and in other public communications made by the Price Funds.

**Compliance.** Compliance with applicable governmental laws, rules and regulations.

**Reporting of Violations.** The prompt internal reporting of violations of the Price Funds S-O Code to an appropriate person or persons identified in the Price Funds S-O Code.

**Accountability.** Accountability for adherence to the Price Funds S-O Code.

------

**III. Covered Officers Should Handle Ethically Actual and Apparent Conflicts of Interest.** 

**Overview.** Each Covered Officer owes a duty to the Price Funds to adhere to a high standard of honesty and business ethics and should be sensitive to situations that may give rise to actual as well as apparent conflicts of interest.

A "conflict of interest" occurs when a Covered Officer's private interest interferes with the interests of, or his or her service to, the Price Funds. For example, a conflict of interest would arise if a Covered Officer, or a member of his or her family, receives improper personal benefits as a result of his or her position with a Price Fund.

Certain conflicts of interest covered by the Price Funds S-O Code arise out of the relationships between Covered Officers and the Price Funds and may already be subject to provisions regulating conflicts of interest in the Investment Company Act of 1940 **("Investment Company Act"),** the Investment Advisers Act of 1940 **("Investment Advisers Act")** and the Group Code. For example, Covered Officers may not individually engage in certain transactions (such as the purchase or sale of securities or other property) with a Price Fund because of their status as "affiliated persons" of a Price Fund. The compliance programs and procedures of the Price Funds and Price Fund Advisers are designed to prevent, or identify and correct, violations of these provisions.

Although typically not presenting an opportunity for improper personal benefit, conflicts arise from, or as a result of, the contractual relationship between a Price Fund and its Price Fund Adviser (and its affiliates) of which the Covered Officers may also be officers or employees. As a result, the Price Funds S-O Code recognizes that the Covered Officers will, in the normal course of their duties (whether formally for the Price Funds or for the Price Fund Advisers, or for both), be involved in establishing policies and implementing decisions which will have different effects on these entities. The participation of the Covered Officers in such activities is inherent in the contractual relationship between each Price Fund and its respective Price Fund Adviser. Such participation is also consistent with the performance by the Covered Officers of their duties as officers of the Price Funds and, if consistent with the provisions of the Investment Company Act and the Investment Advisers Act, it will be deemed to have been handled ethically.

Other conflicts of interest are covered by the Price Funds and Price ETFs S-O Code, even if these conflicts of interest are not addressed by or subject to provisions in the Investment Company Act and the Investment Advisers Act.

Whenever a Covered Officer is confronted with a conflict of interest situation where he or she is uncertain as to the appropriate action to be taken, he or she should discuss the matter with the Chairperson of Group's Ethics Committee or another member of the Committee.

**Handling of Specific Types of Conflicts.** Each Covered Officer (and close family members) must not:

**Entertainment.** Accept entertainment from any company with which any Price Fund or any Price Fund Adviser has current or prospective business dealings including portfolio companies, unless such entertainment is in full compliance with the policy on entertainment as set forth in the Group Code.

------

**Gifts.** Accept any gifts, except as permitted by the Group Code.

**Improper Personal Influence.** Use his or her personal influence or personal relationships improperly to influence investment decisions, brokerage allocations or financial reporting by the Price Funds to the detriment of any one or more of the Price Funds.

**Taking Action at the Expense of a Price Fund.** Cause a Price Fund to take action, or fail to take action, for the personal benefit of the Covered Officer rather than for the benefit of one or more of the Price Funds.

**Misuse of Price Funds' Transaction Information.** Use knowledge of portfolio transactions made or contemplated for a Price Fund or any other clients of the Price Fund Advisers to trade personally or cause others to trade in order to take advantage of or avoid the market impact of such portfolio transactions; and in connection with Price ETFs that do not disclose portfolio holdings daily, use knowledge of pending changes to an ETF's proxy portfolio holdings for such purposes.

**Outside Business Activities.** Engage in any outside business activity that detracts from a Covered Officer's ability to devote appropriate time and attention to his or her responsibilities to a Price Fund.

**Service Providers.** Excluding Group and its affiliates, have any ownership interest in, or any consulting or employment relationship with, any of the Price Funds' service providers, except that an ownership interest in public companies is permitted

**Receipt of Payments.** Have a direct or indirect financial interest in commissions, transaction charges, spreads or other payments paid by a Price Fund for effecting portfolio transactions or for selling or redeeming shares other than an interest (such as compensation or equity ownership) arising from the Covered Officer's employment by Group or any of its affiliates.

**Service as a Director or Trustee.** Serve as a director, trustee or officer of any public or private company or a non-profit organization that issues securities eligible for purchase by any of the Price Funds, unless approval is obtained as required by the Group Code.

**IV. Covered Officers' Specific Obligations and Accountabilities.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A. Disclosure Requirements and Controls.** Each Covered Officer must familiarize himself or herself with the disclosure requirements (Form N-lA registration statement, proxy (Schedule 14A), shareholder reports, Forms N-CEN, N-CSR, etc.) applicable to the Price Funds and the disclosure controls and procedures of the Price Fund and the Price Fund Advisers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B. Compliance with Applicable Law.** It is the responsibility of each Covered Officer to promote compliance with all laws, rules and regulations applicable to the Price Funds and the Price Fund Advisers. Each Covered Officer should, to the extent appropriate within his or her area of responsibility, consult with other officers and employees of the Price Funds and the Price Fund Advisers and take other appropriate steps with the goal of promoting full, fair, accurate, timely and understandable disclosure in the reports and documents the Price Funds file with, or submit to, the SEC, and in other public

------

communications made by the Price Funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**C. Fair Disclosure.** Each Covered Officer must not knowingly misrepresent, or cause others to misrepresent, facts about a Price Fund to others, whether within or outside the Price organization, including to the Price Fund's directors and auditors, and to governmental regulators and self-regulatory organizations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**D. Initial and Annual Affirmations.** Each Covered Officer must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Upon adoption of the Price Funds S-O Code (or thereafter, as applicable, upon becoming a Covered Officer), affirm in writing that he or she has received, read, and understands the Price Funds S-O Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Annually affirm that he or she has complied with the requirements of the Price Funds S-O Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**E. Reporting of Material Violations of the Price Funds S-O Code.** If a Covered Officer becomes aware of any material violation of the Price Funds S-O Code or laws and governmental rules and regulations applicable to the operations of the Price Funds, he or she must promptly report the violation **("Report")** to the Chief Compliance Officer of the Price Funds **("CCO").** Failure to report a material violation will be considered itself a violation of the Price Funds S-O Code. The CCO is identified in the attached **Exhibit B.**

It is the Price Funds' policy that no retaliation or other adverse action will be taken against any Covered Officer or other employee of a Price Fund, a Price Fund Adviser or their affiliates based upon any lawful actions of the Covered Officer or employee with respect to a Report made in good faith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**F. Annual Disclosures.** Each Covered Officer must report, at least annually, all affiliations or other relationships as called for in the "Annual Compliance Certification" for T. Rowe Price Group.

**V. Administration of the Price Funds S-O Code.** The Ethics Committee is responsible for administering the Price Funds S-O Code and applying its provisions to specific situations in which questions are presented.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A. Waivers and Interpretations.** The Chairperson of the Ethics Committee has the authority to interpret the Price Funds S-O Code in any particular situation and to grant waivers where justified, subject to the approval of the Joint Audit Committee of the Price Funds. All material interpretations concerning Covered Officers will be reported to the Joint Audit Committee of the Price Funds at its next meeting. Waivers, including implicit waivers, to Covered Officers will be publicly disclosed as required in the Instructions to N-CSR. Pursuant to the definition in the Regulations, an implicit waiver means a Price Fund's failure to take action within a reasonable period of time regarding a material departure from a provision of the Price Funds S-O Code that has been made known to an "executive officer" (as defined in Rule 3b-7 under the Securities Exchange Act of 1934) of a Price Fund. An executive officer of a Price Fund includes its president and any vice-president in charge of a principal business unit, division or function.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B. Violations/Investigations.** The following procedures will be followed in

------

investigating and enforcing the Price Funds S-O Code:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The CCO will take or cause to be taken appropriate action to investigate any potential or actual violation reported to him or her.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The CCO, after consultation if deemed appropriate with Outside Counsel to the Price Funds, will make a recommendation to the appropriate Price Funds Board regarding the action to be taken with regard to each material violation. Such action could include any of the following: a letter of censure or suspension, a fine, a suspension of trading privileges or termination of officership or employment. In addition, the violator may be required to surrender any profit realized (or loss avoided) from any activity that is in violation of the Price Funds S-O Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Investigations of Whistleblower complaints related to Price Funds will be handled in accordance with the T. Rowe Price Global Whistleblower Policy.

**VI. Amendments to the Price Funds S-O Code.** Except as to the contents of **Exhibit A and Exhibit B,** the Price Funds S-O Code may not be materially amended except in written form, which is specifically approved or ratified by a majority vote of each Price Fund Board, including a majority of the independent directors on each Board.

**VII. Confidentiality.** All reports and records prepared or maintained pursuant to the Price Funds S-O Code will be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law, the Price Funds S-O Code or as necessary in connection with regulations under the Price Funds S-O Code, such matters shall not be disclosed to anyone other than the directors of the appropriate Price Fund Board, Outside Counsel to the Price Funds, members of the Ethics Committee and the CCO and authorized persons on his or her staff.

Adoption Date: 10/22/03

Last Revised: 05/11/2022 (Exhibit B revised)

------

## Exhibit A
**Persons Covered by the Price Funds and** 

**Price ETFs S-O Code of Ethics** 

David Oestreicher, Executive Vice President and Principal Executive Officer

Alan S. Dupski, Treasurer and Principal Financial Officer

## Exhibit B
Dino Capasso, Chief Compliance Officer