Prices and Performance

The performance data shown represent past performance. Current performance may be higher or lower than the quoted past performance, which cannot guarantee future results. Unit price, principal value, and return will vary, and you may have a gain or loss when you take a distribution or change to a different investment option.

You could lose money by investing in the Money Market Portfolio. Although the money market fund in which this Portfolio invests seeks to preserve its value at $1.00 per share, the underlying money market fund cannot guarantee it will do so. An investment in this Portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The underlying money market fund's sponsor has no legal obligation to provide financial support to the underlying fund, and you should not expect that the sponsor will provide financial support to the underlying money market fund at any time.

Total return figures include changes in principal value and any reinvested dividends and capital gain distributions. For portfolios less than 1 year old, the since inception return figure is not annualized and represents an aggregate total return. Dividends and capital gains distributed by the underlying mutual funds become income to the portfolios. However, the T. Rowe Price College Savings Plan portfolios (except for the Money Market Portfolio) do not declare any dividends or capital gains, so changes in total return are reflected by changes in net asset value.

All investments are subject to market risk, including possible loss of principal. Stocks can decline for many reasons, including adverse political or economic developments here or abroad, changes in investor psychology, or heavy institutional selling. Bonds may decline in response to rising interest rates, a credit rating downgrade, or failure of the issuer to make timely payments of interest or principal. Foreign investments are subject to additional risks, including potentially adverse political and economic developments overseas, greater volatility, less liquidity, and the possibility that foreign currencies will decline against the dollar.

*Yields for the Money Market Portfolio represent the average daily dividends for the seven days, annualized by 365 days and divided by the net asset values per share at the end of the period. Year-to-date figures are not annualized and represent total return, which includes reinvested distributions (income and capital gains) and any change in unit price for the given period. The yield quotation more closely reflects the current earnings of the Money Market Portfolio than the total return. The T. Rowe Price College Savings Plan is established and maintained by the Education Trust of Alaska. The "7-Day Yield without waiver" represents the portfolio yield without the deduction of any fee waivers. In a low U.S. interest rate environment, the Education Trust of Alaska has the ability to waive the Program Fee (and, if necessary, the Trust Fee) for the Money Market Portfolio in order to maintain a zero or positive net yield. Those fees are not currently being waived. Please see the Plan Disclosure Document for details.