T. Rowe Price U.S. Equity Research Fund

The primary goal of this fund is to achieve sustained long-term capital appreciation. It employs a meticulous portfolio construction strategy, aiming to align its sector and industry allocations closely with those of the Standard & Poor's 500 Stock Index® (S&P 500 Index). While its core holdings consist predominantly of common stocks issued by large U.S. corporations, the fund maintains the discretion to allocate capital to small- and mid-capitalization companies and international securities, in line with its overarching investment objectives.