T. Rowe Price Stable Value Common Tr -N YTD YTD …

1 Release Date: 06-30-2018T. rowe Price Stable Value Common Tr -N ..BenchmarkOverall Morningstar Rating Morningstar ReturnMorningstar RiskFTSE Treasury Bill 3 Mon USDQQQQA bove AverageLowOut of 447 Stable Value investments. An investment's overall Morningstar Rating, based on its risk-adjusted return, is aweighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure page for InformationInvestment Objective & StrategyThe Trust seeks to maximize current income and maintain principal stability of $ per unit by investing primarily in a diversified portfolio of guaranteed investment contracts ("GICs"), bank investment contracts ("BICs"), synthetic investment contracts ("SICs"), and/or separate account contracts ("SACs").

2 GICs, BICs, SICs, and SACs are types of investment contracts that are designed to provide stability and a competitive and Expensesas of 04-30-17 Prospectus Gross Expense %Total Annual Operating Exp per $1000$ Sales Manager(s)Antonio Luna, CFA (2003). , Johns Hopkins A. Madore. , University of and ManagementFund Inception Date09-12-88 Management CompanyT. rowe PriceTelephone410-345-2000 Web rowe PriceCategory Description: Stable ValueStable Value funds seek to provide income while preventingprice fluctuations. The most Common Stable Value funds investin a diversified portfolio of bonds and enter into wrapperagreements with financial companies to guarantee againstfluctuations in their share prices.

3 The safety of these fundstherefore depends on both the fund s investments as well asthe financial strength of the insurance companies and banksthat back the wrapper And RiskLowModerateHighInvestmentCategoryBes t 3 Month ReturnWorst 3 Month (Jun '07 - Aug '07)(Jan '16 - Mar '16)Performance as of 06-30-1851015200-5-10-15 YTDYTDYTDYTDYTDYTDT otal Return % as of 06-30-18 InvestmentBenchmarkAverage annual, if greaterthan 1 yearYTD1 Year3 Year5 Year10 YearSince Return % Return % Average %.. Rating ..447378250.# of Funds in CategoryThe performance data quoted reflects past performance. Past performance does not guarantee future results. The investmentreturn and principal Value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth moreor less than their original cost.

4 Current performance may be lower than the performance data quoted. For the most recentmonth end performance information, please call 1-800-922-9945, or visit AnalysisComposition as of 06-30-18% AssetsSynthetic Fixed Income Style Box as of 06-30-18 HighMedLowLtd Mod ExtTop 10 Holdings as of 06-30-18% AssetsNot Assets ($mil)6, do Stable Value Funds Invest In? Stable Value funds tend to invest in high-quality bonds withshort- to intermediate-term maturities. They also purchaseinsurance contracts which aim to provide Price stability on aday-to-day basis. The horizontal axis of the Morningstar fixed-income Style Box shows duration, a measure of how a fund'sprice will change in response to interest-rate changes.

5 Becausestable Value funds insurance contracts usually prevent anyfluctuations in the funds prices, these funds are insulated frominterest-rate volatility and their duration is effectively zero. TheStyle Box represents a typical Stable Value fund and is not basedon specific information from this particular Risks For more information on the risks presented, please refer to Investment/Arbitrage Strategies, Hedging Strategies, Lending, Short Sale, Credit and Counterparty, Extension, Inflation/Deflation, Inflation-Protected Securities, Prepayment (Call), Reinvestment, Loss of Money, Not FDIC Insured, Country or Region, or Territory-Specific, Active Management, Income, Issuer, Temporary Defensive Measures, Interest Rate, Futures, Industryand Sector Investing, Mortgage-Backed and Asset-Backed Securities, Options, Other, Restricted/Illiquid Securities, Tax-ExemptSecurities, Government Obligations, Derivatives, Pricing, Fixed-Income Securities, Dollar Rolls, Maturity/Duration, SovereignDebt, Regulation/Government Intervention, Suitability, Increase in Expenses, Shareholder Activity, China Region, Conflict of Interest,Forwards, Investment-Grade Securities, Management.

6 Portfolio Diversification, Financials SectorSVF-N 2018 Morningstar, Inc., Morningstar Investment Profiles 312-696-6000. All rights reserved. The information contained herein: (1) is proprietary to Morningstarand/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its contentproviders are responsible for any damages or losses arising from any use of information. Past performance is no guarantee of future performance. Visit our investmentwebsite at