pg. 4
“Engagement Policy
At T. Rowe Price, we believe it is our responsibility as an asset manager to safeguard our clients’ interests through active ownership, monitoring, and mutual engagement with the issuers of the securities we hold in our clients’ portfolios. Thanks to the trust our clients have placed in us, T. Rowe Price is a significant investor for many of the world’s leading companies. This affords us, in most cases, access to company management teams and board members. We believe our responsibilities as diligent investors do not cease with the decision to purchase a security. Where we find areas of concern, we make those concerns known to them. During the Reporting Period, we continued to hold these discussions as part of our active engagement with companies.”