NPORT-EX 2 7041TRP033125.htm T. ROWE PRICE INDEX TRUST, INC.
T.
ROWE
PRICE
Equity
Index
500
Fund
March
31,
2025
(Unaudited)
1
Portfolio
of
Investments
‡
Shares
$
Value
(Cost
and
value
in
$000s)
‡
COMMON
STOCKS
 99.8%
COMMUNICATION
SERVICES
 9.2%
Diversified
Telecommunication
Services
 0.8%
AT&T 
4,873,771‌
137,830‌
Verizon
Communications 
2,859,230‌
129,695‌
267,525‌
Entertainment
 1.5%
Electronic
Arts 
162,115‌
23,429‌
Live
Nation
Entertainment (1)
107,003‌
13,973‌
Netflix (1)
290,406‌
270,812‌
Take-Two
Interactive
Software (1)
111,365‌
23,080‌
TKO
Group
Holdings 
45,233‌
6,912‌
Walt
Disney 
1,230,395‌
121,440‌
Warner
Bros
Discovery (1)
1,516,635‌
16,274‌
475,920‌
Interactive
Media
&
Services
 6.1%
Alphabet,
Class
A 
3,961,073‌
612,540‌
Alphabet,
Class
C 
3,210,291‌
501,544‌
Match
Group 
173,244‌
5,405‌
Meta
Platforms,
Class
A 
1,487,119‌
857,116‌
1,976,605‌
Media
 0.5%
Charter
Communications,
Class
A (1)
65,218‌
24,035‌
Comcast,
Class
A 
2,561,194‌
94,508‌
Fox,
Class
A 
150,248‌
8,504‌
Fox,
Class
B 
90,902‌
4,792‌
Interpublic
Group 
256,223‌
6,959‌
News,
Class
A 
257,727‌
7,015‌
News,
Class
B (2)
74,879‌
2,274‌
Omnicom
Group 
133,919‌
11,103‌
Paramount
Global,
Class
B 
409,117‌
4,893‌
164,083‌
Wireless
Telecommunication
Services
 0.3%
T-Mobile
U.S. 
325,639‌
86,851‌
86,851‌
Total
Communication
Services
2,970,984‌
T.
ROWE
PRICE
Equity
Index
500
Fund
2
Shares
$
Value
(Cost
and
value
in
$000s)
‡
CONSUMER
DISCRETIONARY
 10.2%
Automobile
Components
 0.0%
Aptiv (1)
157,586‌
9,376‌
9,376‌
Automobiles
 1.7%
Ford
Motor 
2,634,170‌
26,421‌
General
Motors 
675,660‌
31,776‌
Tesla (1)
1,896,467‌
491,488‌
549,685‌
Broadline
Retail
 3.8%
Amazon.com (1)
6,405,090‌
1,218,632‌
eBay 
324,316‌
21,966‌
1,240,598‌
Distributors
 0.1%
Genuine
Parts 
95,339‌
11,359‌
LKQ 
179,398‌
7,632‌
Pool 
26,136‌
8,320‌
27,311‌
Hotels,
Restaurants
&
Leisure
 2.1%
Airbnb,
Class
A (1)
294,092‌
35,132‌
Booking
Holdings 
22,477‌
103,550‌
Caesars
Entertainment (1)
147,312‌
3,683‌
Carnival (1)
708,628‌
13,840‌
Chipotle
Mexican
Grill (1)
927,010‌
46,545‌
Darden
Restaurants 
78,934‌
16,399‌
Domino's
Pizza 
23,062‌
10,596‌
DoorDash,
Class
A (1)
230,465‌
42,122‌
Expedia
Group 
82,387‌
13,849‌
Hilton
Worldwide
Holdings 
163,386‌
37,179‌
Las
Vegas
Sands 
236,432‌
9,133‌
Marriott
International,
Class
A 
155,395‌
37,015‌
McDonald's 
486,900‌
152,093‌
MGM
Resorts
International (1)
154,752‌
4,587‌
Norwegian
Cruise
Line
Holdings (1)
298,903‌
5,667‌
Royal
Caribbean
Cruises 
167,162‌
34,342‌
Starbucks 
770,302‌
75,559‌
Wynn
Resorts 
63,703‌
5,319‌
Yum!
Brands 
190,426‌
29,965‌
676,575‌
Household
Durables
 0.3%
DR
Horton 
192,591‌
24,484‌
T.
ROWE
PRICE
Equity
Index
500
Fund
3
Shares
$
Value
(Cost
and
value
in
$000s)
‡
Garmin 
103,543‌
22,482‌
Lennar,
Class
A 
158,581‌
18,202‌
Mohawk
Industries (1)
35,618‌
4,067‌
NVR (1)
2,031‌
14,713‌
PulteGroup 
137,877‌
14,174‌
98,122‌
Leisure
Products
 0.0%
Hasbro 
89,242‌
5,488‌
5,488‌
Specialty
Retail
 1.9%
AutoZone (1)
11,483‌
43,782‌
Best
Buy 
133,485‌
9,826‌
CarMax (1)
106,456‌
8,295‌
Home
Depot 
674,823‌
247,316‌
Lowe's 
383,446‌
89,431‌
O'Reilly
Automotive (1)
39,255‌
56,236‌
Ross
Stores 
225,265‌
28,787‌
TJX 
765,824‌
93,277‌
Tractor
Supply 
359,838‌
19,827‌
Ulta
Beauty (1)
32,009‌
11,733‌
Williams-Sonoma 
83,624‌
13,221‌
621,731‌
Textiles,
Apparel
&
Luxury
Goods
 0.3%
Deckers
Outdoor (1)
102,159‌
11,422‌
Lululemon
Athletica (1)
76,639‌
21,693‌
NIKE,
Class
B 
802,153‌
50,921‌
Ralph
Lauren 
27,318‌
6,030‌
Tapestry 
140,573‌
9,898‌
99,964‌
Total
Consumer
Discretionary
3,328,850‌
CONSUMER
STAPLES
 6.0%
Beverages
 1.3%
Brown-Forman,
Class
B 
124,721‌
4,233‌
Coca-Cola 
2,633,968‌
188,645‌
Constellation
Brands,
Class
A 
106,045‌
19,461‌
Keurig
Dr
Pepper 
810,983‌
27,752‌
Molson
Coors
Beverage,
Class
B 
118,085‌
7,188‌
Monster
Beverage (1)
477,795‌
27,961‌
PepsiCo 
932,180‌
139,771‌
415,011‌
T.
ROWE
PRICE
Equity
Index
500
Fund
4
Shares
$
Value
(Cost
and
value
in
$000s)
‡
Consumer
Staples
Distribution
&
Retail
 2.0%
Costco
Wholesale 
301,015‌
284,694‌
Dollar
General 
150,461‌
13,230‌
Dollar
Tree (1)
136,914‌
10,278‌
Kroger 
452,200‌
30,610‌
Sysco 
333,664‌
25,038‌
Target 
311,215‌
32,478‌
Walgreens
Boots
Alliance 
494,264‌
5,521‌
Walmart 
2,948,955‌
258,889‌
660,738‌
Food
Products
 0.7%
Archer-Daniels-Midland 
326,467‌
15,674‌
Bunge
Global 
94,859‌
7,249‌
Conagra
Brands 
324,250‌
8,648‌
General
Mills 
374,118‌
22,369‌
Hershey 
100,372‌
17,167‌
Hormel
Foods 
197,815‌
6,120‌
J
M
Smucker 
73,138‌
8,660‌
Kellanova 
183,931‌
15,172‌
Kraft
Heinz 
602,875‌
18,345‌
Lamb
Weston
Holdings 
97,885‌
5,217‌
McCormick 
169,624‌
13,962‌
Mondelez
International,
Class
A 
878,397‌
59,599‌
The
Campbell's
Company 
134,160‌
5,356‌
Tyson
Foods,
Class
A 
194,949‌
12,440‌
215,978‌
Household
Products
 1.2%
Church
&
Dwight 
167,220‌
18,409‌
Clorox 
84,785‌
12,485‌
Colgate-Palmolive 
553,613‌
51,874‌
Kimberly-Clark 
226,308‌
32,185‌
Procter
&
Gamble 
1,592,340‌
271,367‌
386,320‌
Personal
Care
Products
 0.1%
Estee
Lauder,
Class
A 
159,588‌
10,533‌
Kenvue 
1,302,296‌
31,229‌
41,762‌
Tobacco
 0.7%
Altria
Group 
1,153,228‌
69,217‌
T.
ROWE
PRICE
Equity
Index
500
Fund
5
Shares
$
Value
(Cost
and
value
in
$000s)
‡
Philip
Morris
International 
1,056,377‌
167,678‌
236,895‌
Total
Consumer
Staples
1,956,704‌
ENERGY
 3.7%
Energy
Equipment
&
Services
 0.3%
Baker
Hughes 
668,849‌
29,396‌
Halliburton 
590,071‌
14,970‌
Schlumberger 
955,916‌
39,957‌
84,323‌
Oil,
Gas
&
Consumable
Fuels
 3.4%
APA 
251,700‌
5,291‌
Chevron 
1,135,820‌
190,011‌
ConocoPhillips 
866,412‌
90,991‌
Coterra
Energy 
502,050‌
14,509‌
Devon
Energy 
448,132‌
16,760‌
Diamondback
Energy 
126,957‌
20,298‌
EOG
Resources 
380,676‌
48,818‌
EQT 
406,797‌
21,735‌
Expand
Energy 
142,860‌
15,903‌
Exxon
Mobil 
2,956,026‌
351,560‌
Hess 
187,675‌
29,977‌
Kinder
Morgan 
1,306,504‌
37,275‌
Marathon
Petroleum 
214,587‌
31,263‌
Occidental
Petroleum 
461,004‌
22,755‌
ONEOK 
420,166‌
41,689‌
Phillips
66 
280,317‌
34,613‌
Targa
Resources 
147,383‌
29,546‌
Texas
Pacific
Land (2)
12,766‌
16,915‌
Valero
Energy 
216,021‌
28,530‌
Williams 
825,868‌
49,354‌
1,097,793‌
Total
Energy
1,182,116‌
FINANCIALS
 14.7%
Banks
 3.5%
Bank
of
America 
4,496,484‌
187,638‌
Citigroup 
1,274,698‌
90,491‌
Citizens
Financial
Group 
300,726‌
12,321‌
Fifth
Third
Bancorp 
453,725‌
17,786‌
Huntington
Bancshares 
981,880‌
14,738‌
JPMorgan
Chase 
1,898,776‌
465,770‌
KeyCorp 
676,224‌
10,813‌
T.
ROWE
PRICE
Equity
Index
500
Fund
6
Shares
$
Value
(Cost
and
value
in
$000s)
‡
M&T
Bank 
113,216‌
20,237‌
PNC
Financial
Services
Group 
268,636‌
47,218‌
Regions
Financial 
610,155‌
13,258‌
Truist
Financial 
893,655‌
36,774‌
U.S.
Bancorp 
1,055,962‌
44,583‌
Wells
Fargo 
2,233,417‌
160,337‌
1,121,964‌
Capital
Markets
 3.2%
Ameriprise
Financial 
65,884‌
31,895‌
Bank
of
New
York
Mellon 
487,360‌
40,875‌
Blackrock 
98,871‌
93,579‌
Blackstone 
490,148‌
68,513‌
Cboe
Global
Markets 
71,648‌
16,213‌
Charles
Schwab 
1,156,950‌
90,566‌
CME
Group 
244,773‌
64,936‌
FactSet
Research
Systems 
25,580‌
11,630‌
Franklin
Resources 
208,959‌
4,022‌
Goldman
Sachs
Group 
211,899‌
115,758‌
Intercontinental
Exchange 
390,008‌
67,276‌
Invesco 
305,862‌
4,640‌
KKR 
457,358‌
52,875‌
MarketAxess
Holdings 
25,729‌
5,567‌
Moody's 
105,124‌
48,955‌
Morgan
Stanley 
842,601‌
98,306‌
MSCI 
52,734‌
29,821‌
Nasdaq 
278,948‌
21,161‌
Northern
Trust 
133,121‌
13,132‌
Raymond
James
Financial 
123,782‌
17,195‌
S&P
Global 
213,910‌
108,688‌
State
Street 
198,342‌
17,758‌
T.
Rowe
Price
Group (3)
151,744‌
13,941‌
1,037,302‌
Consumer
Finance
 0.6%
American
Express 
378,020‌
101,706‌
Capital
One
Financial 
258,612‌
46,369‌
Discover
Financial
Services 
169,658‌
28,961‌
Synchrony
Financial 
262,098‌
13,876‌
190,912‌
Financial
Services
 5.0%
Apollo
Global
Management 
302,543‌
41,430‌
Berkshire
Hathaway,
Class
B (1)
1,244,742‌
662,925‌
Corpay (1)
47,273‌
16,485‌
T.
ROWE
PRICE
Equity
Index
500
Fund
7
Shares
$
Value
(Cost
and
value
in
$000s)
‡
Fidelity
National
Information
Services 
359,717‌
26,864‌
Fiserv (1)
386,174‌
85,279‌
Global
Payments 
168,149‌
16,465‌
Jack
Henry
&
Associates 
49,779‌
9,090‌
Mastercard,
Class
A 
553,042‌
303,133‌
PayPal
Holdings (1)
671,770‌
43,833‌
Visa,
Class
A 
1,170,300‌
410,143‌
1,615,647‌
Insurance
 2.4%
Aflac 
336,130‌
37,374‌
Allstate 
179,866‌
37,245‌
American
International
Group 
402,913‌
35,029‌
Aon,
Class
A 
147,091‌
58,702‌
Arch
Capital
Group 
254,115‌
24,441‌
Arthur
J
Gallagher 
172,729‌
59,633‌
Assurant 
35,278‌
7,399‌
Brown
&
Brown 
162,202‌
20,178‌
Chubb 
253,062‌
76,422‌
Cincinnati
Financial 
106,968‌
15,801‌
Erie
Indemnity,
Class
A 
17,158‌
7,190‌
Everest
Group 
29,199‌
10,609‌
Globe
Life 
55,784‌
7,348‌
Hartford
Insurance
Group 
196,296‌
24,288‌
Loews 
122,801‌
11,287‌
Marsh
&
McLennan 
333,244‌
81,321‌
MetLife 
394,827‌
31,701‌
Principal
Financial
Group 
143,233‌
12,085‌
Progressive 
397,788‌
112,578‌
Prudential
Financial 
240,605‌
26,871‌
Travelers 
154,212‌
40,783‌
W
R
Berkley 
205,623‌
14,632‌
Willis
Towers
Watson 
68,210‌
23,052‌
775,969‌
Total
Financials
4,741,794‌
HEALTH
CARE
 11.2%
Biotechnology
 1.9%
AbbVie 
1,198,821‌
251,177‌
Amgen 
365,040‌
113,728‌
Biogen (1)
99,823‌
13,660‌
Gilead
Sciences 
846,935‌
94,899‌
Incyte (1)
108,968‌
6,598‌
Moderna (1)
231,375‌
6,560‌
T.
ROWE
PRICE
Equity
Index
500
Fund
8
Shares
$
Value
(Cost
and
value
in
$000s)
‡
Regeneron
Pharmaceuticals 
71,594‌
45,407‌
Vertex
Pharmaceuticals (1)
174,564‌
84,632‌
616,661‌
Health
Care
Equipment
&
Supplies
 2.5%
Abbott
Laboratories 
1,178,562‌
156,336‌
Align
Technology (1)
48,016‌
7,628‌
Baxter
International 
349,789‌
11,973‌
Becton
Dickinson
&
Company 
195,865‌
44,865‌
Boston
Scientific (1)
1,000,861‌
100,967‌
Cooper (1)
135,596‌
11,437‌
Dexcom (1)
264,391‌
18,055‌
Edwards
Lifesciences (1)
400,234‌
29,009‌
GE
HealthCare
Technologies 
308,315‌
24,884‌
Hologic (1)
152,395‌
9,413‌
IDEXX
Laboratories (1)
55,246‌
23,201‌
Insulet (1)
47,940‌
12,590‌
Intuitive
Surgical (1)
241,997‌
119,854‌
Medtronic 
870,435‌
78,217‌
ResMed 
98,984‌
22,158‌
Solventum (1)
94,062‌
7,152‌
STERIS 
67,202‌
15,231‌
Stryker 
232,934‌
86,710‌
Zimmer
Biomet
Holdings 
134,324‌
15,203‌
794,883‌
Health
Care
Providers
&
Services
 2.4%
Cardinal
Health 
163,127‌
22,474‌
Cencora 
117,198‌
32,591‌
Centene (1)
341,786‌
20,750‌
Cigna
Group 
185,923‌
61,169‌
CVS
Health 
852,755‌
57,774‌
DaVita (1)
30,801‌
4,712‌
Elevance
Health 
157,534‌
68,521‌
HCA
Healthcare 
121,423‌
41,958‌
Henry
Schein (1)
86,221‌
5,905‌
Humana 
81,805‌
21,646‌
Labcorp
Holdings 
56,823‌
13,225‌
McKesson 
85,105‌
57,275‌
Molina
Healthcare (1)
38,487‌
12,677‌
Quest
Diagnostics 
76,122‌
12,880‌
UnitedHealth
Group 
625,223‌
327,460‌
Universal
Health
Services,
Class
B 
40,594‌
7,628‌
768,645‌
T.
ROWE
PRICE
Equity
Index
500
Fund
9
Shares
$
Value
(Cost
and
value
in
$000s)
‡
Life
Sciences
Tools
&
Services
 1.0%
Agilent
Technologies 
194,835‌
22,792‌
Bio-Techne 
107,508‌
6,303‌
Charles
River
Laboratories
International (1)
35,234‌
5,303‌
Danaher 
434,614‌
89,096‌
IQVIA
Holdings (1)
113,605‌
20,028‌
Mettler-Toledo
International (1)
14,216‌
16,788‌
Revvity 
82,482‌
8,727‌
Thermo
Fisher
Scientific 
259,922‌
129,337‌
Waters (1)
40,339‌
14,868‌
West
Pharmaceutical
Services 
49,666‌
11,119‌
324,361‌
Pharmaceuticals
 3.4%
Bristol-Myers
Squibb 
1,374,678‌
83,842‌
Eli
Lilly 
535,027‌
441,884‌
Johnson
&
Johnson 
1,635,691‌
271,263‌
Merck 
1,719,139‌
154,310‌
Pfizer 
3,848,373‌
97,518‌
Viatris 
815,181‌
7,100‌
Zoetis 
304,094‌
50,069‌
1,105,986‌
Total
Health
Care
3,610,536‌
INDUSTRIALS
&
BUSINESS
SERVICES
 8.5%
Aerospace
&
Defense
 2.1%
Axon
Enterprise (1)
49,431‌
25,998‌
Boeing (1)
508,036‌
86,646‌
General
Dynamics 
172,314‌
46,969‌
General
Electric 
728,848‌
145,879‌
Howmet
Aerospace 
275,952‌
35,799‌
Huntington
Ingalls
Industries 
26,720‌
5,452‌
L3Harris
Technologies 
128,832‌
26,966‌
Lockheed
Martin 
142,263‌
63,550‌
Northrop
Grumman 
92,405‌
47,312‌
RTX 
904,088‌
119,756‌
Textron 
127,164‌
9,188‌
TransDigm
Group 
38,060‌
52,648‌
666,163‌
Air
Freight
&
Logistics
 0.3%
CH
Robinson
Worldwide 
80,059‌
8,198‌
Expeditors
International
of
Washington 
95,097‌
11,435‌
FedEx 
150,471‌
36,682‌
T.
ROWE
PRICE
Equity
Index
500
Fund
10
Shares
$
Value
(Cost
and
value
in
$000s)
‡
United
Parcel
Service,
Class
B 
495,217‌
54,469‌
110,784‌
Building
Products
 0.5%
A.O.
Smith 
81,774‌
5,345‌
Allegion 
59,483‌
7,760‌
Builders
FirstSource (1)
78,186‌
9,769‌
Carrier
Global 
548,389‌
34,768‌
Johnson
Controls
International 
451,483‌
36,168‌
Lennox
International 
21,871‌
12,266‌
Masco 
148,295‌
10,312‌
Trane
Technologies 
153,094‌
51,580‌
167,968‌
Commercial
Services
&
Supplies
 0.6%
Cintas 
231,977‌
47,678‌
Copart (1)
595,478‌
33,698‌
Republic
Services 
138,703‌
33,588‌
Rollins 
187,871‌
10,151‌
Veralto 
168,769‌
16,447‌
Waste
Management 
247,303‌
57,253‌
198,815‌
Construction
&
Engineering
 0.1%
Quanta
Services 
100,284‌
25,490‌
25,490‌
Electrical
Equipment
 0.7%
AMETEK 
157,347‌
27,086‌
Eaton 
268,288‌
72,929‌
Emerson
Electric 
382,941‌
41,985‌
GE
Vernova 
186,746‌
57,010‌
Generac
Holdings (1)
41,001‌
5,193‌
Hubbell 
36,659‌
12,131‌
Rockwell
Automation 
76,107‌
19,664‌
235,998‌
Ground
Transportation
 0.9%
CSX 
1,310,585‌
38,570‌
JB
Hunt
Transport
Services 
54,116‌
8,006‌
Norfolk
Southern 
152,981‌
36,234‌
Old
Dominion
Freight
Line 
126,664‌
20,957‌
Uber
Technologies (1)
1,418,602‌
103,359‌
Union
Pacific 
411,704‌
97,261‌
304,387‌
T.
ROWE
PRICE
Equity
Index
500
Fund
11
Shares
$
Value
(Cost
and
value
in
$000s)
‡
Industrial
Conglomerates
 0.6%
3M 
369,236‌
54,226‌
Honeywell
International 
441,547‌
93,498‌
Roper
Technologies 
72,615‌
42,812‌
190,536‌
Machinery
 1.6%
Caterpillar 
324,552‌
107,037‌
Cummins 
92,616‌
29,030‌
Deere 
172,003‌
80,730‌
Dover 
92,324‌
16,220‌
Fortive 
231,716‌
16,957‌
IDEX 
51,755‌
9,366‌
Illinois
Tool
Works 
181,375‌
44,983‌
Ingersoll
Rand 
274,062‌
21,933‌
Nordson 
37,164‌
7,497‌
Otis
Worldwide 
269,479‌
27,810‌
PACCAR 
354,980‌
34,564‌
Parker-Hannifin 
87,304‌
53,068‌
Pentair 
113,150‌
9,898‌
Snap-on 
36,009‌
12,135‌
Stanley
Black
&
Decker 
105,286‌
8,094‌
Westinghouse
Air
Brake
Technologies 
116,435‌
21,116‌
Xylem 
163,665‌
19,551‌
519,989‌
Passenger
Airlines
 0.1%
Delta
Air
Lines 
435,390‌
18,983‌
Southwest
Airlines 
409,995‌
13,767‌
United
Airlines
Holdings (1)
225,094‌
15,543‌
48,293‌
Professional
Services
 0.7%
Automatic
Data
Processing 
276,580‌
84,504‌
Broadridge
Financial
Solutions 
79,552‌
19,288‌
Dayforce (1)
107,431‌
6,267‌
Equifax 
84,210‌
20,510‌
Jacobs
Solutions 
84,411‌
10,204‌
Leidos
Holdings 
90,651‌
12,232‌
Paychex 
216,399‌
33,386‌
Paycom
Software 
33,077‌
7,227‌
Verisk
Analytics 
95,764‌
28,501‌
222,119‌
T.
ROWE
PRICE
Equity
Index
500
Fund
12
Shares
$
Value
(Cost
and
value
in
$000s)
‡
Trading
Companies
&
Distributors
 0.3%
Fastenal 
389,132‌
30,177‌
United
Rentals 
44,547‌
27,918‌
WW
Grainger 
30,238‌
29,870‌
87,965‌
Total
Industrials
&
Business
Services
2,778,507‌
INFORMATION
TECHNOLOGY
 29.5%
Communications
Equipment
 0.9%
Arista
Networks (1)
701,113‌
54,322‌
Cisco
Systems 
2,708,782‌
167,159‌
F5 (1)
39,388‌
10,488‌
Juniper
Networks 
224,727‌
8,133‌
Motorola
Solutions 
113,291‌
49,600‌
289,702‌
Electronic
Equipment,
Instruments
&
Components
 0.6%
Amphenol,
Class
A 
816,404‌
53,548‌
CDW 
91,217‌
14,618‌
Corning 
522,586‌
23,924‌
Jabil 
76,658‌
10,431‌
Keysight
Technologies (1)
116,884‌
17,506‌
TE
Connectivity 
202,996‌
28,687‌
Teledyne
Technologies (1)
31,654‌
15,754‌
Trimble (1)
166,911‌
10,958‌
Zebra
Technologies,
Class
A (1)
35,389‌
10,000‌
185,426‌
IT
Services
 1.2%
Accenture,
Class
A 
424,631‌
132,502‌
Akamai
Technologies (1)
103,576‌
8,338‌
Cognizant
Technology
Solutions,
Class
A 
334,691‌
25,604‌
EPAM
Systems (1)
38,825‌
6,555‌
Gartner (1)
52,403‌
21,995‌
GoDaddy,
Class
A (1)
94,533‌
17,029‌
International
Business
Machines 
628,343‌
156,244‌
VeriSign (1)
55,363‌
14,055‌
382,322‌
Semiconductors
&
Semiconductor
Equipment
 9.9%
Advanced
Micro
Devices (1)
1,102,437‌
113,264‌
Analog
Devices 
336,392‌
67,840‌
Applied
Materials 
551,886‌
80,090‌
Broadcom 
3,183,096‌
532,946‌
Enphase
Energy (1)
92,532‌
5,742‌
T.
ROWE
PRICE
Equity
Index
500
Fund
13
Shares
$
Value
(Cost
and
value
in
$000s)
‡
First
Solar (1)
73,001‌
9,230‌
Intel 
2,929,603‌
66,531‌
KLA 
90,623‌
61,606‌
Lam
Research 
871,790‌
63,379‌
Microchip
Technology 
367,129‌
17,773‌
Micron
Technology 
753,478‌
65,470‌
Monolithic
Power
Systems 
32,476‌
18,835‌
NVIDIA 
16,630,671‌
1,802,432‌
NXP
Semiconductors 
171,989‌
32,688‌
ON
Semiconductor (1)
289,277‌
11,771‌
QUALCOMM 
751,061‌
115,370‌
Skyworks
Solutions 
109,172‌
7,056‌
Teradyne 
111,132‌
9,179‌
Texas
Instruments 
619,615‌
111,345‌
3,192,547‌
Software
 9.6%
Adobe (1)
295,608‌
113,375‌
ANSYS (1)
59,412‌
18,807‌
Autodesk (1)
145,468‌
38,083‌
Cadence
Design
Systems (1)
185,950‌
47,293‌
Crowdstrike
Holdings,
Class
A (1)
167,268‌
58,975‌
Fair
Isaac (1)
16,533‌
30,489‌
Fortinet (1)
430,405‌
41,431‌
Gen
Digital 
370,185‌
9,825‌
Intuit 
190,382‌
116,893‌
Microsoft 
5,048,272‌
1,895,071‌
Oracle 
1,101,631‌
154,019‌
Palantir
Technologies,
Class
A (1)
1,392,278‌
117,508‌
Palo
Alto
Networks (1)
443,617‌
75,699‌
PTC (1)
82,259‌
12,746‌
Salesforce 
649,362‌
174,263‌
ServiceNow (1)
139,967‌
111,433‌
Synopsys (1)
104,009‌
44,604‌
Tyler
Technologies (1)
29,240‌
17,000‌
Workday,
Class
A (1)
144,680‌
33,787‌
3,111,301‌
Technology
Hardware,
Storage
&
Peripherals
 7.3%
Apple 
10,201,174‌
2,265,987‌
Dell
Technologies,
Class
C 
209,545‌
19,100‌
Hewlett
Packard
Enterprise 
885,932‌
13,670‌
HP 
636,876‌
17,635‌
NetApp 
137,657‌
12,092‌
Seagate
Technology
Holdings 
144,343‌
12,262‌
T.
ROWE
PRICE
Equity
Index
500
Fund
14
Shares
$
Value
(Cost
and
value
in
$000s)
‡
Super
Micro
Computer (1)(2)
344,988‌
11,812‌
Western
Digital (1)
235,839‌
9,535‌
2,362,093‌
Total
Information
Technology
9,523,391‌
MATERIALS
 1.9%
Chemicals
 1.3%
Air
Products
&
Chemicals 
150,673‌
44,436‌
Albemarle 
80,875‌
5,825‌
CF
Industries
Holdings 
116,843‌
9,131‌
Corteva 
464,178‌
29,211‌
Dow 
475,628‌
16,609‌
DuPont
de
Nemours 
283,895‌
21,201‌
Eastman
Chemical 
79,811‌
7,032‌
Ecolab 
171,256‌
43,417‌
International
Flavors
&
Fragrances 
174,726‌
13,560‌
Linde 
323,530‌
150,649‌
LyondellBasell
Industries,
Class
A 
176,760‌
12,444‌
Mosaic 
216,646‌
5,852‌
PPG
Industries 
156,143‌
17,074‌
Sherwin-Williams 
156,897‌
54,787‌
431,228‌
Construction
Materials
 0.1%
Martin
Marietta
Materials 
41,766‌
19,970‌
Vulcan
Materials 
90,244‌
21,054‌
41,024‌
Containers
&
Packaging
 0.2%
Amcor 
988,248‌
9,586‌
Avery
Dennison 
54,033‌
9,616‌
Ball 
202,705‌
10,555‌
International
Paper 
356,507‌
19,020‌
Packaging
Corp.
of
America 
61,023‌
12,084‌
Smurfit
WestRock 
336,284‌
15,153‌
76,014‌
Metals
&
Mining
 0.3%
Freeport-McMoRan 
976,033‌
36,952‌
Newmont 
772,405‌
37,292‌
Nucor 
160,228‌
19,282‌
Steel
Dynamics 
96,192‌
12,032‌
105,558‌
Total
Materials
653,824‌
T.
ROWE
PRICE
Equity
Index
500
Fund
15
Shares
$
Value
(Cost
and
value
in
$000s)
‡
REAL
ESTATE
 2.3%
Health
Care
Real
Estate
Investment
Trusts
 0.3%
Alexandria
Real
Estate
Equities,
REIT 
105,842‌
9,792‌
Healthpeak
Properties,
REIT 
481,105‌
9,728‌
Ventas,
REIT 
286,261‌
19,683‌
Welltower,
REIT 
413,729‌
63,387‌
102,590‌
Hotel
&
Resort
Real
Estate
Investment
Trusts
 0.0%
Host
Hotels
&
Resorts,
REIT 
479,437‌
6,813‌
6,813‌
Industrial
Real
Estate
Investment
Trusts
 0.2%
Prologis,
REIT 
627,625‌
70,162‌
70,162‌
Office
Real
Estate
Investment
Trusts
 0.0%
BXP,
REIT 
99,128‌
6,660‌
6,660‌
Real
Estate
Management
&
Development
 0.2%
CBRE
Group,
Class
A (1)
203,111‌
26,563‌
CoStar
Group (1)
286,255‌
22,680‌
49,243‌
Residential
Real
Estate
Investment
Trusts
 0.3%
AvalonBay
Communities,
REIT 
95,638‌
20,526‌
Camden
Property
Trust,
REIT 
72,802‌
8,904‌
Equity
Residential,
REIT 
232,713‌
16,658‌
Essex
Property
Trust,
REIT 
43,935‌
13,469‌
Invitation
Homes,
REIT 
389,924‌
13,589‌
Mid-America
Apartment
Communities,
REIT 
78,614‌
13,174‌
UDR,
REIT 
204,971‌
9,258‌
95,578‌
Retail
Real
Estate
Investment
Trusts
 0.3%
Federal
Realty
Investment
Trust,
REIT 
51,003‌
4,989‌
Kimco
Realty,
REIT 
458,107‌
9,730‌
Realty
Income,
REIT 
596,443‌
34,600‌
Regency
Centers,
REIT 
111,430‌
8,219‌
Simon
Property
Group,
REIT 
207,312‌
34,430‌
91,968‌
Specialized
Real
Estate
Investment
Trusts
 1.0%
American
Tower,
REIT 
317,405‌
69,067‌
Crown
Castle,
REIT 
295,200‌
30,769‌
Digital
Realty
Trust,
REIT 
212,715‌
30,480‌
T.
ROWE
PRICE
Equity
Index
500
Fund
16
Shares
$
Value
(Cost
and
value
in
$000s)
‡
Equinix,
REIT 
65,350‌
53,283‌
Extra
Space
Storage,
REIT 
143,989‌
21,381‌
Iron
Mountain,
REIT 
199,371‌
17,154‌
Public
Storage,
REIT 
106,459‌
31,862‌
SBA
Communications,
REIT 
73,049‌
16,072‌
VICI
Properties,
REIT 
715,574‌
23,342‌
Weyerhaeuser,
REIT 
493,625‌
14,453‌
307,863‌
Total
Real
Estate
730,877‌
UTILITIES
 2.6%
Electric
Utilities
 1.6%
Alliant
Energy 
175,324‌
11,282‌
American
Electric
Power 
361,744‌
39,528‌
Constellation
Energy 
212,145‌
42,775‌
Duke
Energy 
523,150‌
63,808‌
Edison
International 
263,845‌
15,546‌
Entergy 
292,166‌
24,977‌
Evergy 
157,086‌
10,831‌
Eversource
Energy 
249,956‌
15,525‌
Exelon 
685,652‌
31,595‌
FirstEnergy 
351,018‌
14,188‌
NextEra
Energy 
1,396,394‌
98,990‌
NRG
Energy 
138,225‌
13,195‌
PG&E 
1,485,725‌
25,525‌
Pinnacle
West
Capital 
77,366‌
7,369‌
PPL 
503,848‌
18,194‌
Southern 
743,136‌
68,331‌
Xcel
Energy 
391,745‌
27,732‌
529,391‌
Gas
Utilities
 0.1%
Atmos
Energy 
106,324‌
16,436‌
16,436‌
Independent
Power
&
Renewable
Electricity
Producers
 0.1%
AES 
485,432‌
6,029‌
Vistra 
232,151‌
27,264‌
33,293‌
Multi-Utilities
 0.7%
Ameren 
182,160‌
18,289‌
CenterPoint
Energy 
439,179‌
15,911‌
CMS
Energy 
203,924‌
15,317‌
T.
ROWE
PRICE
Equity
Index
500
Fund
17
Shares
$
Value
(Cost
and
value
in
$000s)
‡
Consolidated
Edison 
234,443‌
25,927‌
Dominion
Energy 
570,685‌
31,998‌
DTE
Energy 
140,700‌
19,455‌
NiSource 
318,433‌
12,766‌
Public
Service
Enterprise
Group 
338,419‌
27,852‌
Sempra 
428,086‌
30,548‌
WEC
Energy
Group 
214,883‌
23,418‌
221,481‌
Water
Utilities
 0.1%
American
Water
Works 
132,407‌
19,533‌
19,533‌
Total
Utilities
820,134‌
Total
Common
Stocks
(Cost
$9,415,880)
32,297,717‌
SHORT-TERM
INVESTMENTS
 0.2%
Money
Market
Funds
 0.2%
T.
Rowe
Price
Government
Reserve
Fund,
4.39% (3)(4)
51,770,367‌
51,770‌
Total
Short-Term
Investments
(Cost
$51,770)
51,770‌
SECURITIES
LENDING
COLLATERAL
 0.0%
INVESTMENTS
IN
A
POOLED
ACCOUNT
THROUGH
SECURITIES
LENDING
PROGRAM
WITH
STATE
STREET
BANK
AND
TRUST
COMPANY 0.0%
Money
Market
Funds 0.0%
T.
Rowe
Price
Government
Reserve
Fund,
4.39% (3)(4)
11,676,829‌
11,677‌
Total
Investments
in
a
Pooled
Account
through
Securities
Lending
Program
with
State
Street
Bank
And
Trust
Company
11,677‌
Total
Securities
Lending
Collateral
(Cost
$11,677)
11,677‌
Total
Investments
in
Securities
 100.0%
(Cost
$9,479,327)
$
32,361,164‌
Other
Assets
Less
Liabilities
(0.0)%
(123‌)
Net
Assets
100.0%
$
32,361,041‌
‡
Shares
and
Notional
Amount
are
denominated
in
U.S.
dollars
unless
otherwise
noted.
(1)
Non-income
producing
(2)
All
or
a
portion
of
this
security
is
on
loan
at
March
31,
2025.
(3)
Affiliated
Companies
T.
ROWE
PRICE
Equity
Index
500
Fund
18
.
.
.
.
.
.
.
.
.
.
(4)
Seven-day
yield
REIT
A
domestic
Real
Estate
Investment
Trust
whose
distributions
pass-through
with
original
tax
character
to
the
shareholder
T.
ROWE
PRICE
Equity
Index
500
Fund
19
FUTURES
CONTRACTS
($000s)
Expiration
Date
Notional
Amount
Value
and
Unrealized
Gain
(Loss)
Long,
230
S&P
500
E-Mini
Index
contracts
6/25
65,012
$
(898‌)
Net
payments
(receipts)
of
variation
margin
to
date
1,246‌
Variation
margin
receivable
(payable)
on
open
futures
contracts
$
348‌
T.
ROWE
PRICE
Equity
Index
500
Fund
20
The
accompanying
notes
are
an
integral
part
of
this
Portfolio
of
Investments.
AFFILIATED
COMPANIES
($000s)
The
fund
may
invest
in
certain
securities
that
are
considered
affiliated
companies.
As
defined
by
the
1940
Act,
an
affiliated
company
is
one
in
which
the
fund
owns
5%
or
more
of
the
outstanding
voting
securities,
or
a
company
that
is
under
common
ownership
or
control.
The
following
securities
were
considered
affiliated
companies
for
all
or
some
portion
of
the
three
months
ended
March
31,
2025.
Net
realized
gain
(loss),
investment
income,
change
in
net
unrealized
gain/loss,
and
purchase
and
sales
cost
reflect
all
activity
for
the
period
then
ended.
Affiliate
Net
Realized
Gain
(Loss)
Change
in
Net
Unrealized
Gain/Loss
Investment
Income
T.
Rowe
Price
Group 
$
17‌
$
(3,237‌)
$
193‌
T.
Rowe
Price
Government
Reserve
Fund,
4.39%
—‌
—‌
516‌++
Totals
$
17‌#
$
(3,237‌)
$
709‌+
Supplementary
Investment
Schedule
Affiliate
Value
12/31/24
Purchase
Cost
Sales
Cost
Value
3/31/25
T.
Rowe
Price
Group 
$
17,184‌
$
—‌
$
6‌
$
13,941‌
T.
Rowe
Price
Government
Reserve
Fund,
4.39%
116,950‌
 ¤
 ¤
63,447‌
Total
$
77,388‌^
#
Capital
gain
distributions
from
underlying
Price
funds
represented
$0
of
the
net
realized
gain
(loss).
++
Excludes
earnings
on
securities
lending
collateral,
which
are
subject
to
rebates
and
fees.
+
Investment
income
comprised
$709
of
dividend
income
and
$0
of
interest
income.
¤
Purchase
and
sale
information
not
shown
for
cash
management
funds.
^
The
cost
basis
of
investments
in
affiliated
companies
was
$70,149.
T.
ROWE
PRICE
Equity
Index
500
Fund
Unaudited
Notes
to
Portfolio
of
Investments
21
T.
Rowe
Price
Equity
Index
500
Fund (the
fund) is
registered
under
the
Investment
Company
Act
of
1940
(the
1940
Act)
as
an
open-end
management
investment
company
and
follows
accounting
and
reporting
guidance
of
the
Financial
Accounting
Standards
Board
Accounting
Standards
Codification
Topic
946.
The
accompanying
Portfolio
of
Investments
was
prepared
in
accordance
with
accounting
principles
generally
accepted
in
the
United
States
of
America
(GAAP).
For
additional
information
on
the
fund’s
significant
accounting
policies
and
investment
related
disclosures,
please
refer
to
the
fund’s most
recent
semiannual
or
annual
shareholder
report
and
its
prospectus.
VALUATION 
Fair
Value
  The
fund’s
financial
instruments
are
valued
at
the
close
of
the
New
York
Stock
Exchange
(NYSE),
normally
4
p.m.
Eastern
time,
each
day
the
NYSE
is
open
for
business,
and
are
reported
at
fair
value,
which
GAAP
defines
as
the
price
that
would
be
received
to
sell
an
asset
or
paid
to
transfer
a
liability
in
an
orderly
transaction
between
market
participants
at
the
measurement
date. The fund’s
Board
of
Directors
(the
Board)
has
designated
T.
Rowe
Price
Associates,
Inc.
as
the
fund’s
valuation
designee
(Valuation
Designee).
Subject
to
oversight
by
the
Board,
the
Valuation
Designee
performs
the
following
functions
in
performing
fair
value
determinations:
assesses
and
manages
valuation
risks;
establishes
and
applies
fair
value
methodologies;
tests
fair
value
methodologies;
and
evaluates
pricing
vendors
and
pricing
agents.
The
duties
and
responsibilities
of
the
Valuation
Designee
are
performed
by
its
Valuation
Committee. The
Valuation
Designee provides
periodic
reporting
to
the
Board
on
valuation
matters.
Various
valuation
techniques
and
inputs
are
used
to
determine
the
fair
value
of
financial
instruments.
GAAP
establishes
the
following
fair
value
hierarchy
that
categorizes
the
inputs
used
to
measure
fair
value:
Level
1
–
quoted
prices
(unadjusted)
in
active
markets
for
identical
financial
instruments
that
the
fund
can
access
at
the
reporting
date
Level
2
–
inputs
other
than
Level
1
quoted
prices
that
are
observable,
either
directly
or
indirectly
(including,
but
not
limited
to,
quoted
prices
for
similar
financial
instruments
in
active
markets,
quoted
prices
for
identical
or
similar
financial
instruments
in
inactive
markets,
interest
rates
and
yield
curves,
implied
volatilities,
and
credit
spreads)
T.
ROWE
PRICE
Equity
Index
500
Fund
22
Level
3
–
unobservable
inputs
(including
the Valuation
Designee’s assumptions
in
determining
fair
value)
Observable
inputs
are
developed
using
market
data,
such
as
publicly
available
information
about
actual
events
or
transactions,
and
reflect
the
assumptions
that
market
participants
would
use
to
price
the
financial
instrument.
Unobservable
inputs
are
those
for
which
market
data
are
not
available
and
are
developed
using
the
best
information
available
about
the
assumptions
that
market
participants
would
use
to
price
the
financial
instrument.
GAAP
requires
valuation
techniques
to
maximize
the
use
of
relevant
observable
inputs
and
minimize
the
use
of
unobservable
inputs.
When
multiple
inputs
are
used
to
derive
fair
value,
the
financial
instrument
is
assigned
to
the
level
within
the
fair
value
hierarchy
based
on
the
lowest-level
input
that
is
significant
to
the
fair
value
of
the
financial
instrument.
Input
levels
are
not
necessarily
an
indication
of
the
risk
or
liquidity
associated
with
financial
instruments
at
that
level
but
rather
the
degree
of
judgment
used
in
determining
those
values.
Valuation
Techniques 
Equity
securities,
including
exchange-traded
funds, listed
or
regularly
traded
on
a
securities
exchange
or
in
the
over-the-
counter
(OTC)
market
are
valued
at
the
last
quoted
sale
price
or,
for
certain
markets,
the
official
closing
price
at
the
time
the
valuations
are
made.
OTC
Bulletin
Board
securities
are
valued
at
the
mean
of
the
closing
bid
and
asked
prices.
A
security
that
is
listed
or
traded
on
more
than
one
exchange
is
valued
at
the
quotation
on
the
exchange
determined
to
be
the
primary
market
for
such
security.
Listed
securities
not
traded
on
a
particular
day
are
valued
at
the
mean
of
the
closing
bid
and
asked
prices
for
domestic
securities.
Investments
in
mutual
funds
are
valued
at
the
mutual
fund’s
closing
NAV
per
share
on
the
day
of
valuation.
Futures
contracts
are
valued
at
closing
settlement
prices.
Investments
for
which
market
quotations are
not
readily
available
or
deemed
unreliable
are
valued
at
fair
value
as
determined
in
good
faith
by
the
Valuation
Designee.
The
Valuation
Designee
has
adopted
methodologies
for
determining
the
fair
value
of
investments
for
which
market
quotations
are
not
readily
available
or
deemed
unreliable,
including
the
use
of
other
pricing
sources.
Factors
used
in
determining
fair
value
vary
by
type
of
investment
and
may
include
market
or
investment
specific
considerations.
The
Valuation
Designee typically
will
afford
greatest
weight
to
actual
prices
in
arm’s
length
transactions,
to
the
extent
they
represent
orderly
transactions
between
market
participants,
transaction
information
can
be
reliably
obtained,
and
prices
are
deemed
representative
of
fair
value.
However,
the
Valuation
Designee may
also
T.
ROWE
PRICE
Equity
Index
500
Fund
23
consider
other
valuation
methods
such
as
market-based
valuation
multiples;
a
discount
or
premium
from
market
value
of
a
similar,
freely
traded
security
of
the
same
issuer;
discounted
cash
flows;
yield
to
maturity;
or
some
combination.
Fair
value
determinations
are
reviewed
on
a
regular
basis.
Because
any
fair
value
determination
involves
a
significant
amount
of
judgment,
there
is
a
degree
of
subjectivity
inherent
in
such
pricing
decisions. Fair
value
prices
determined
by
the
Valuation
Designee could
differ
from
those
of
other
market
participants,
and
it
is
possible
that
the
fair
value
determined
for
a
security
may
be
materially
different
from
the
value
that
could
be
realized
upon
the
sale
of
that
security.
Valuation
Inputs
  On
March
31,
2025,
all
of
the
fund’s
financial
instruments
were
classified
as
Level
1,
based
on
the
inputs
used
to
determine
their
fair
values.
OTHER
MATTERS 
Unpredictable environmental,
political,
social
and
economic
events,
including
but
not
limited
to,
environmental
or
natural
disasters,
war
and
conflict
(including
Russia’s
military
invasion
of
Ukraine
and
the
conflict
in
Israel,
Gaza
and
surrounding
areas),
terrorism,
geopolitical
developments
(including
trading
and
tariff
arrangements,
sanctions
and
cybersecurity
attacks),
and
public
health
epidemics
(including
the
global
outbreak
of
COVID-19)
and
similar
public
health
threats,
may
significantly
affect
the
economy
and
the
markets
and
issuers
in
which
a
fund
invests.
The
extent
and
duration
of
such
events
and
resulting
market
disruptions
cannot
be
predicted.
These
and
other
similar
events
may
cause
instability
across
global
markets,
including
reduced
liquidity
and
disruptions
in
trading
markets,
while
some
events
may
affect
certain
geographic
regions,
countries,
sectors,
and
industries
more
significantly
than
others,
and
exacerbate
other
pre-existing
political,
social,
and
economic
risks.
The
fund’s
performance
could
be
negatively
impacted
if
the
value
of
a
portfolio
holding
were
harmed
by
these
or
such
events.
Management
actively
monitors
the
risks
and
financial
impacts
arising
from
such
events.
F50-054Q1
03/25