Heads-Up ... new definition of "small account" at TRP

hank

Under prior language "small account balance" was defined as a fund account having a balance below $2,000. Recently, they have dropped the "small account" language, but have imposed a new $20 annual fee on any fund account with a balance below $10,000. This new "service fee" is automatically deducted from the applicable fund once a year. There are many ways to avoid these fees - including opting for online statements in place of paper ones or maintaining a sufficiently high total balance for all your combined accounts.

NOTE: This fee should not be confused with Price's separate and different "IRA Account Maintenance Fee."

Have linked one prospectus. Generally, language is pretty generic across most of their other funds. For specific language, scroll to page 24.- http://individual.troweprice.com/gcFiles/pdf/tripb.pdf

Sven

Electronic statement is actually a good thing for both parties. Also automatic investment may help to avoid the low balance fee.

hank

Reply to @Sven: You're probably right about electronic statements being good for both parties. As Prospectus states, they'll waive the fee for those opting to receive electronic records. There are numerous other exemptions as well, including employee sponsored plans (read: 401K) for which Price performs the record keeping. However, I doubt that automatic investments in themselves would qualify for an exemption.