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

1 Release Date: 03-31-2022T. rowe Price Stable Value Common Tr-N ..BenchmarkOverall Morningstar Rating Morningstar ReturnMorningstar RiskFTSE Treasury Bill 3 Mon of 560 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 02-01-21 Prospectus Gross Expense %Total Annual Operating Exp per $1000$ Sales Manager(s)Robert A. Madore. , University of Luna, CFA (2003). , Johns Hopkins and ManagementFund Inception Date09-12-88 Management CompanyT. rowe Price Trust CompanyTelephone410-345-2000 Web rowe PriceCategory Description: Stable ValueStable Value funds seek to provide income while preventingprice fluctuations. The most Common Stable Value fundsinvest in a diversified portfolio of bonds and enter intowrapper agreements with financial companies to guaranteeagainst fluctuations in their share prices.

3 The safety of thesefunds therefore depends on both the fund s investments aswell as the financial strength of the insurance companies andbanks that back the wrapper And RiskLowModerateHighInvestmentCategoryBes t 3 Month ReturnWorst 3 Month (Jun '07 - Aug '07)(Jan '22 - Mar '22)Performance as of 03-31-2251015200-5-10-15 YTDYTDYTDYTDYTDYTDT otal Return % as of 03-31-22 InvestmentBenchmarkAverage annual, if greaterthan 1 yearYTD1 Year3 Year5 Year10 YearSince Return % Return % Average %..Morningstar Rating ..# of Funds in CategoryThe performance data quoted reflects past performance and is calculated according to Morningstar s methodology.

4 Fornew share classes of an investment, the performance reflected for periods prior to the inception date of such class mayhave been calculated using the historical returns of the original share class, and in such cases is displayed in italics. Thehistorical returns of the original share class are adjusted to reflect differences in fees when the newer share class hashigher fees than the oldest share class but are not adjusted when the newer class has lower fees. Past performance doesnot guarantee future results. The investment return and principal Value of an investment will fluctuate so that an investor sshares, when redeemed, may be worth more or less than their original cost.

5 Current performance may be lower than theperformance data quoted. For the most recent month end performance information, please call 1-800-922-9945, or AnalysisComposition as of 03-31-22% AssetsSynthetic Fixed Income Style Box as of 03-31-22 HighMedLowLtd Mod ExtTop 10 Holdings as of 03-31-22% AssetsNot Assets ($mil)7, 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 Stable Value funds insurance contracts usuallyprevent any fluctuations in the funds prices, these funds areinsulated from interest-rate volatility and their duration iseffectively zero.

6 The Style Box represents a typical stablevalue fund and is not based on specific information from thisparticular Risks For more information on the risks presented, please refer to and Counterparty, Loss of Money, Not FDIC Insured, Interest Rate, Industry and Sector Investing, Restricted/IlliquidSecurities, Fixed-Income SecuritiesSVF-N 2022 Morningstar, Inc., Morningstar Investment Profiles 312-696-6000. All rights reserved. The information contained herein: (1) is proprietary toMorningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely.

7 Neither Morningstarnor its content providers are responsible for any damages or losses arising from any use of information. Past performance is no guarantee of futureperformance. Visit our investment website at