http://www.sec.gov/Archives/edgar/data/1038469/000103846915000015/dsgstatsticker122215-20153.htm497 1 dsgstatsticker122215-20153.htm
T. Rowe Price Diversified Small-Cap Growth Fund
Supplement to Prospectus Dated May 1, 2015
On February 24, 2016, the T. Rowe Price Diversified Small-Cap Growth Fund will change its name to the T. Rowe Price QM U.S. Small-Cap Growth Equity Fund. The addition of “QM” in the fund’s name reflects the concept that the fund employs a “quantitative management” strategy relying on quantitative models developed by T. Rowe Price to help identify stocks that could be included in the portfolio.
Effective February 24, 2016, all references in the prospectus to the T. Rowe Price Diversified Small-Cap Growth Fund will be replaced by reference to the T. Rowe Price QM U.S. Small-Cap Growth Equity Fund. Effective February 24, 2016, the following changes are also being made:
On page 2, under Principal Investment Strategies, the first sentence is replaced with the following:
The fund will normally invest at least 80% of net assets (including any borrowings for investment purposes) in equity securities issued by small-cap U.S. growth companies.
On page 30, under Investment Policies and Practices, the last sentence of the second paragraph is replaced with the following:
Shareholders will receive at least 60 days’ prior notice of a change in the fund’s policy requiring it to normally invest at least 80% of its net assets in equity securities issued by small-cap U.S. growth companies.
The date of this supplement is December 22, 2015.
F120-041 12/22/15
