T. Rowe Price Mid-Cap Value Fund

Normally, a significant portion—at least 80%—of this fund's net assets will be directed toward company investments. This figure encompasses any capital borrowed for investment purposes. The specific characteristic used for selecting these companies is their market capitalization, which is derived by multiplying the number of their outstanding shares by their share price. At the time of acquisition, the market value of these selected companies must fall within the range observed among the firms listed in either the S&P MidCap 400 Index or the Russell Midcap Value Index.