T. Rowe Price Institutional Large Cap Core Growth Fund

The fund typically allocates a minimum of 80% of its total net assets—which may include capital acquired through borrowing for investment purposes—to companies with a substantial market capitalization. Management defines these "large-cap" entities as firms whose market value exceeds the median market capitalization of the companies listed in the Russell 1000® Growth Index, a widely recognized benchmark for leading U.S. growth stocks. This investment vehicle operates on a non-diversified basis.