What are the fees and expenses associated with T. Rowe Price funds?

T. Rowe Price funds have various fees and expenses that can impact an investor's overall returns. These fees generally include management fees, distribution and service fees, and other operating expenses. Management fees are typically charged as a percentage of the assets under management and are used to cover the cost of managing the investment portfolio. These fees can vary depending on the specific fund and its investment strategy. In addition to management fees, many T. Rowe Price funds may have distribution and service fees, which are intended to compensate financial intermediaries for selling the funds and providing ongoing services to investors. These fees can also vary by share class and are often charged as a percentage of the fund’s assets. Furthermore, there are other operating expenses that are incurred by the fund, such as legal and auditing fees, custodial fees, and administrative costs. These expenses are typically reflected in the fund’s expense ratio, which is the total annual costs associated with managing the fund expressed as a percentage of its average net assets. It is important for investors to review the prospectus of each specific fund they are considering, as it includes detailed information on fees and expenses, potential risks, and the fund's investment objectives. The expense ratio can play a significant role in long-term investment performance, making it crucial for investors to be aware of these costs. For the most current and specific details regarding fees and expenses connected with T. Rowe Price funds, it may be beneficial to visit the T. Rowe Price website or consult the fund's prospectus.