Russell 3000® Index Fund M

Release Date: 06-30-2021 Russell 3000® Index Fund M ...... Benchmark Overall Morningstar Rating™ Morningstar Return Morningstar Risk Russell 3000 TR USD QQQQ Above Average Above Average Out of 1257 Large Blend investments. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure page for details.

Investment Information Performance as of 06-30-21 Investment Objective & Strategy 60 Total Return % The Fund is an "index fund" that seeks investment results 45 as of 06-30-21 Investment that correspond generally to the price and yield performance, 30 Benchmark before fees and expenses, of its Underlying Index (defined 15 below). 0 The Fund is a collective investment trust maintained and -15 managed by BlackRock Institutional Trust Company, N.A. -30 Average annual, if greater ("BTC"). The Fund shall be invested and reinvested in a -45 than 1 year portfolio of equity securities with the objective of YTD 1 Year 3 Year 5 Year 10 Year Since Inception approximating as closely as practicable the capitalization weighted total rate of return of that segment of the U.S. 15.11 44.18 18.78 17.94 14.75 7.52 Investment Return % 15.11 44.16 18.73 17.89 14.70 13.98 Benchmark Return % market for publicly traded equity securities represented by 14.84 40.47 16.77 16.15 13.21 11.67 Category Average % the 3,000 largest capitalized companies. The criterion for selection of investments shall be the Russell 3000 Index (the The performance data quoted reflects past performance. Past performance does not guarantee future results. The "Underlying Index"). BTC uses a "passive" or indexing investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be approach to try to achieve the Fund's investment objective. worth more or less than their original cost. Current performance may be lower than the performance data quoted. For the Unlike many funds, the Fund does not try to outperform the most recentYTD month end performanceYTD information,YTD pleaseYTD call 1-800-922-9945,YTD or visit YTDrps.troweprice.com. index it seeks to track and does not seek temporary defensive positions when markets decline or appear Portfolio Analysis overvalued. Composition as of 06-30-21 % Assets Morningstar Equity Style Box™ as of 06-30-21 % Market Cap U.S. Stocks 98.8 Large Giant 41.97 Fees and Expenses as of 12-31-20 ...... Non-U.S. Stocks 0.9 Expense Ratio 0.03% Mid Large 30.40 Bonds 0.0 Total Annual Operating Exp per $1000 $ 0.30 Medium 19.24

Cash 0.3 Small Maximum Sales Charge . Small 6.26 ...... 12b-1 Fee . Other 0.0 Micro 2.13 Redemption Fee/Term . Value Blend Growth

Portfolio Manager(s) Top 10 Holdings as of 06-30-21 % Assets Morningstar Sectors as of 06-30-21 % Fund Management Team. Apple Inc 4.83 h Cyclical 31.58 ...... Microsoft Corp 4.59 Operations and Management r Basic Materials 2.13 Amazon.com Inc 3.35 Inception Date 06-26-14 t Consumer Cyclical 12.01 Facebook Inc A 1.87 Management Company BlackRock Institutional Trust y Financial Services 13.86 Alphabet Inc A 1.64 Company NA ...... u Real Estate 3.58 Telephone 800-441-7762 Alphabet Inc Class C 1.60 j Sensitive 46.65 Web Site www.blackrock.com Tesla Inc 1.18 ...... Issuer BlackRock Institutional Trust Berkshire Hathaway Inc Class B 1.17 i Communication Services 10.32 Company NA NVIDIA Corp 1.08 o Energy 2.80 JPMorgan Chase & Co 1.05 p Industrials 9.33 Category Description: Large Blend a Technology 24.20 Large-blend portfolios are fairly representative of the overall ...... k Defensive 21.78 US stock market in size, growth rates and price. Stocks in the Total Number of Stock Holdings 2960 ...... top 70% of the capitalization of the US equity market are Total Number of Bond Holdings 0 s Consumer Defensive 5.78 defined as large cap. The blend style is assigned to portfolios Turnover Ratio % 6.34 d Healthcare 13.67 where neither growth nor value characteristics predominate. Total Assets ($mil) 300.53 f Utilities 2.33 These portfolios tend to invest across the spectrum of US industries, and owing to their broad exposure, the portfolios' Principal Risks For more information on the risks presented, please refer to http://rps.troweprice.com/riskglossary/blackrock returns are often similar to those of the S&P 500 Index. Underlying Fund Risk 1, Equity Investment Risk, Securities Lending Risk 1, Derivatives Risk 1, Small-Capitalization Companies Volatility And Risk Risk, Mid-Capitalization Companies Risk, Large-Capitalization Companies Risk Investment Low Moderate High