NPORT-EX 2 7041.TRPEquityIndex500Fund.htm trowepriceequityindex500fun1.htm - Generated by SEC Publisher for SEC Filing

T. ROWE PRICE EQUITY INDEX 500 FUND
September 30, 2019 (Unaudited)

Portfolio of Investments‡  Shares/Par  $ Value 
(Cost and value in $000s)     
COMMON STOCKS 99.8%     
COMMUNICATION SERVICES 10.3%     
 
Diversified Telecommunication Services 2.2%     
AT&T  8,663,488  327,827 
CenturyLink  1,148,304  14,331 
Verizon Communications  4,898,264  295,659 
    637,817 
Entertainment 1.8%     
Activision Blizzard  913,751  48,356 
Electronic Arts (1)  350,972  34,332 
Fox, Class A  419,201  13,220 
Fox, Class B  195,733  6,173 
Netflix (1)  517,799  138,573 
Take-Two Interactive Software (1)  133,661  16,753 
Viacom, Class B  423,167  10,169 
Walt Disney  2,141,823  279,122 
    546,698 
Interactive Media & Services 4.8%     
Alphabet, Class A (1)  353,973  432,251 
Alphabet, Class C (1)  361,470  440,632 
Facebook, Class A (1)  2,860,382  509,377 
TripAdvisor (1)(2)  110,250  4,264 
Twitter (1)  919,111  37,867 
    1,424,391 
Media 1.4%     
CBS, Class B  389,078  15,707 
Charter Communications, Class A (1)  192,235  79,224 
Comcast, Class A  5,368,048  241,991 
Discovery, Class A (1)(2)  179,000  4,767 
Discovery, Class C (1)  446,751  10,999 
DISH Network, Class A (1)  257,470  8,772 
Interpublic Group  450,238  9,707 
News, Class A  458,449  6,382 
News, Class B  150,300  2,148 


The accompanying notes are an integral part of this Portfolio of Investments.

 

T. ROWE PRICE EQUITY INDEX 500 FUND

  Shares/Par  $ Value 
(Cost and value in $000s)     
Omnicom Group (2)  255,666  20,019 
    399,716 
Wireless Telecommunication Services 0.1%     
T-Mobile US (1)  373,972  29,458 
    29,458 
Total Communication Services    3,038,080 
CONSUMER DISCRETIONARY 10.1%     
Auto Components 0.1%     
Aptiv  306,262  26,773 
BorgWarner  251,554  9,227 
    36,000 
Automobiles 0.4%     
Ford Motor  4,659,559  42,682 
General Motors  1,493,849  55,989 
Harley-Davidson (2)  185,864  6,686 
    105,357 
Distributors 0.1%     
Genuine Parts  167,124  16,644 
LKQ (1)  372,952  11,729 
    28,373 
Diversified Consumer Services 0.0%     
H&R Block (2)  254,894  6,021 
    6,021 
Hotels, Restaurants & Leisure 1.9%     
Carnival (2)  466,446  20,388 
Chipotle Mexican Grill (1)  28,878  24,271 
Darden Restaurants  149,052  17,621 
Hilton Worldwide Holdings  346,106  32,226 
Marriott International, Class A  329,550  40,986 
McDonald's  905,128  194,340 
MGM Resorts International  610,753  16,930 
Norwegian Cruise Line Holdings (1)  252,441  13,069 
Royal Caribbean Cruises  205,600  22,273 
Starbucks  1,432,815  126,689 

 

The accompanying notes are an integral part of this Portfolio of Investments.

 

T. ROWE PRICE EQUITY INDEX 500 FUND

  Shares/Par  $ Value 
(Cost and value in $000s)     
 
Wynn Resorts  110,554  12,019 
Yum! Brands  363,815  41,268 
    562,080 
Household Durables 0.4%     
D. R. Horton  403,328  21,259 
Garmin  171,782  14,548 
Leggett & Platt  145,524  5,958 
Lennar, Class A  329,939  18,427 
Mohawk Industries (1)(2)  70,283  8,720 
Newell Brands  460,499  8,620 
NVR (1)  4,109  15,275 
PulteGroup  300,030  10,966 
Whirlpool  72,308  11,451 
    115,224 
Internet & Direct Marketing Retail 3.4%     
Amazon. com (1)  494,039  857,607 
Booking Holdings (1)  50,546  99,202 
eBay  937,445  36,542 
Expedia Group  160,414  21,561 
    1,014,912 
Leisure Products 0.1%     
Hasbro  139,798  16,593 
    16,593 
Multiline Retail 0.6%     
Dollar General  303,352  48,215 
Dollar Tree (1)  281,894  32,181 
Kohl's  200,368  9,950 
Macy's (2)  372,984  5,796 
Nordstrom (2)  134,056  4,514 
Target  605,101  64,691 
    165,347 
Specialty Retail 2.4%     
Advance Auto Parts (2)  87,633  14,495 
AutoZone (1)  29,288  31,766 
Best Buy  277,497  19,145 

 

The accompanying notes are an integral part of this Portfolio of Investments.

 

T. ROWE PRICE EQUITY INDEX 500 FUND

  Shares/Par  $ Value 
(Cost and value in $000s)     
 
CarMax (1)(2)  200,700  17,662 
Gap (2)  259,901  4,512 
Home Depot  1,303,154  302,358 
L Brands  253,354  4,963 
Lowe's  926,140  101,838 
O'Reilly Automotive (1)  91,978  36,654 
Ross Stores  430,751  47,318 
Tiffany (2)  128,515  11,904 
TJX  1,437,538  80,128 
Tractor Supply  142,500  12,888 
Ulta Beauty (1)  66,024  16,549 
    702,180 
Textiles, Apparel & Luxury Goods 0.7%     
Capri Holdings (1)  176,900  5,866 
Hanesbrands (2)  429,648  6,582 
NIKE, Class B  1,486,707  139,632 
PVH  84,781  7,480 
Ralph Lauren  62,197  5,938 
Tapestry  326,658  8,509 
Under Armour, Class A (1)(2)  217,849  4,344 
Under Armour, Class C (1)  228,892  4,150 
VF  387,343  34,470 
    216,971 
Total Consumer Discretionary    2,969,058 
CONSUMER STAPLES 7.7%     
 
Beverages 1.9%     
Brown-Forman, Class B (2)  216,414  13,587 
Coca-Cola  4,551,016  247,757 
Constellation Brands, Class A  199,433  41,339 
Molson Coors Brewing, Class B  228,055  13,113 
Monster Beverage (1)  468,292  27,189 
PepsiCo  1,661,657  227,813 
    570,798 
Food & Staples Retailing 1.6%     
Costco Wholesale  520,245  149,888 

 

The accompanying notes are an integral part of this Portfolio of Investments.

 

T. ROWE PRICE EQUITY INDEX 500 FUND

  Shares/Par  $ Value 
(Cost and value in $000s)     
 
Kroger  944,499  24,349 
Sysco  610,163  48,447 
Walgreens Boots Alliance  919,732  50,870 
Walmart  1,690,913  200,678 
    474,232 
Food Products 1.3%     
Archer-Daniels-Midland  655,240  26,911 
Campbell Soup (2)  200,376  9,402 
Conagra Brands  577,811  17,727 
Corteva  900,613  25,217 
General Mills  708,069  39,029 
Hershey  177,118  27,452 
Hormel Foods (2)  321,576  14,062 
JM Smucker  135,680  14,927 
Kellogg (2)  294,036  18,921 
Kraft Heinz  731,209  20,426 
Lamb Weston Holdings  168,300  12,239 
McCormick (2)  145,805  22,789 
Mondelez International, Class A  1,707,069  94,435 
Tyson Foods, Class A  348,778  30,044 
    373,581 
Household Products 1.9%     
Church & Dwight  294,600  22,166 
Clorox  151,360  22,987 
Colgate-Palmolive  1,020,794  75,038 
Kimberly-Clark  408,645  58,048 
Procter & Gamble  2,972,947  369,775 
    548,014 
Personal Products 0.2%     
Coty, Class A (2)  394,760  4,149 
Estee Lauder, Class A  259,433  51,614 
    55,763 
Tobacco 0.8%     
Altria Group  2,213,277  90,523 

 

The accompanying notes are an integral part of this Portfolio of Investments.

 

T. ROWE PRICE EQUITY INDEX 500 FUND

  Shares/Par  $ Value 
(Cost and value in $000s)     
 
Philip Morris International  1,843,864  140,005 
    230,528 
Total Consumer Staples    2,252,916 
ENERGY 4.5%     
 
Energy Equipment & Services 0.4%     
Baker Hughes  733,367  17,014 
Halliburton  1,035,542  19,520 
Helmerich & Payne  136,600  5,473 
National Oilwell Varco  461,454  9,783 
Schlumberger  1,651,185  56,421 
TechnipFMC  500,209  12,075 
    120,286 
Oil, Gas & Consumable Fuels 4.1%     
Apache  446,949  11,442 
Cabot Oil & Gas  503,853  8,853 
Chevron  2,253,465  267,261 
Cimarex Energy  114,991  5,513 
Concho Resources  236,059  16,028 
ConocoPhillips  1,319,028  75,158 
Devon Energy  496,858  11,954 
Diamondback Energy  185,600  16,687 
EOG Resources  689,248  51,156 
Exxon Mobil  5,014,875  354,100 
Hess  305,352  18,468 
HollyFrontier  181,000  9,709 
Kinder Morgan  2,319,720  47,810 
Marathon Oil  972,508  11,933 
Marathon Petroleum  788,815  47,921 
Noble Energy  551,900  12,396 
Occidental Petroleum  1,061,001  47,183 
ONEOK  492,322  36,279 
Phillips 66  533,312  54,611 
Pioneer Natural Resources  198,952  25,022 
Valero Energy  497,422  42,400 

 

The accompanying notes are an integral part of this Portfolio of Investments.

 

T. ROWE PRICE EQUITY INDEX 500 FUND

  Shares/Par  $ Value 
(Cost and value in $000s)     
 
Williams  1,440,874  34,667 
    1,206,551 
Total Energy    1,326,837 
FINANCIALS 13.0%     
 
Banks 5.5%     
Bank of America  9,960,733  290,555 
BB&T  913,646  48,761 
Citigroup  2,685,996  185,549 
Citizens Financial Group  537,945  19,027 
Comerica  183,093  12,082 
Fifth Third Bancorp  851,943  23,326 
First Republic Bank  195,661  18,921 
Huntington Bancshares  1,242,859  17,736 
JPMorgan Chase  3,801,779  447,431 
KeyCorp  1,197,550  21,364 
M&T Bank  162,600  25,686 
People's United Financial  450,400  7,042 
PNC Financial Services Group  536,203  75,154 
Regions Financial  1,217,385  19,259 
SunTrust Banks  519,700  35,755 
SVB Financial Group (1)  59,745  12,484 
U. S. Bancorp  1,705,015  94,356 
Wells Fargo  4,764,002  240,296 
Zions Bancorp  212,628  9,466 
    1,604,250 
Capital Markets 2.7%     
Affiliated Managers Group  65,227  5,437 
Ameriprise Financial  155,705  22,904 
Bank of New York Mellon  1,030,822  46,603 
BlackRock  140,771  62,733 
Cboe Global Markets  134,470  15,452 
Charles Schwab  1,395,329  58,367 
CME Group  425,111  89,843 
E*TRADE Financial  290,559  12,695 
Franklin Resources (2)  359,800  10,384 

 

The accompanying notes are an integral part of this Portfolio of Investments.

 

T. ROWE PRICE EQUITY INDEX 500 FUND

  Shares/Par  $ Value 
(Cost and value in $000s)     
 
Goldman Sachs Group  384,766  79,735 
Intercontinental Exchange  670,279  61,847 
Invesco  486,207  8,236 
MarketAxess Holdings  44,773  14,663 
Moody's  193,188  39,571 
Morgan Stanley  1,513,624  64,586 
MSCI  100,729  21,934 
Nasdaq  138,800  13,790 
Northern Trust  259,290  24,197 
Raymond James Financial  150,692  12,426 
S&P Global  291,087  71,310 
State Street  443,757  26,266 
T. Rowe Price Group (3)  279,423  31,924 
    794,903 
Consumer Finance 0.7%     
American Express  810,121  95,821 
Capital One Financial  558,423  50,805 
Discover Financial Services  387,442  31,418 
Synchrony Financial  725,212  24,723 
    202,767 
Diversified Financial Services 1.6%     
Berkshire Hathaway, Class B (1)  2,331,434  484,985 
    484,985 
Insurance 2.5%     
Aflac  889,244  46,525 
Allstate  395,991  43,036 
American International Group  1,036,980  57,760 
Aon  283,760  54,927 
Arthur J. Gallagher  213,700  19,141 
Assurant  69,100  8,694 
Chubb  542,951  87,654 
Cincinnati Financial  180,962  21,113 
Everest Re Group  49,314  13,122 
Globe Life  114,169  10,933 
Hartford Financial Services  432,684  26,225 

 

The accompanying notes are an integral part of this Portfolio of Investments.

 

T. ROWE PRICE EQUITY INDEX 500 FUND

  Shares/Par  $ Value 
(Cost and value in $000s)     
 
Lincoln National  246,687  14,880 
Loews  314,295  16,180 
Marsh & McLennan  606,449  60,675 
MetLife  946,414  44,633 
Principal Financial Group  309,008  17,657 
Progressive  692,241  53,476 
Prudential Financial  479,460  43,127 
The Travelers Companies  310,719  46,201 
Unum Group  250,351  7,440 
Willis Towers Watson  152,726  29,472 
    722,871 
Total Financials    3,809,776 
HEALTH CARE 13.6%     
 
Biotechnology 2.1%     
AbbVie  1,755,746  132,945 
Alexion Pharmaceuticals (1)  262,842  25,743 
Amgen  713,039  137,980 
Biogen (1)  219,306  51,059 
Celgene (1)  837,078  83,122 
Gilead Sciences  1,510,726  95,750 
Incyte (1)  214,000  15,885 
Regeneron Pharmaceuticals (1)  92,059  25,537 
Vertex Pharmaceuticals (1)  303,371  51,397 
    619,418 
Health Care Equipment & Supplies 3.6%     
Abbott Laboratories  2,091,245  174,974 
ABIOMED (1)  54,257  9,652 
Align Technology (1)  86,724  15,690 
Baxter International  607,046  53,098 
Becton Dickinson & Company  320,624  81,105 
Boston Scientific (1)  1,651,657  67,206 
Cooper  57,877  17,189 
Danaher  759,120  109,640 
DENTSPLY SIRONA  278,856  14,866 
Edwards Lifesciences (1)  248,025  54,543 

 

The accompanying notes are an integral part of this Portfolio of Investments.

 

T. ROWE PRICE EQUITY INDEX 500 FUND

  Shares/Par  $ Value 
(Cost and value in $000s)     
 
Hologic (1)  315,300  15,920 
IDEXX Laboratories (1)  101,945  27,722 
Intuitive Surgical (1)  137,231  74,095 
Medtronic  1,586,081  172,280 
ResMed  171,200  23,131 
Stryker  381,512  82,521 
Teleflex  55,251  18,772 
Varian Medical Systems (1)  108,114  12,875 
Zimmer Biomet Holdings  240,074  32,955 
    1,058,234 
Health Care Providers & Services 2.5%     
AmerisourceBergen  185,299  15,256 
Anthem  305,184  73,275 
Cardinal Health  354,230  16,716 
Centene (1)  494,702  21,401 
Cigna  449,690  68,258 
CVS Health  1,537,678  96,981 
DaVita (1)  119,556  6,823 
HCA Healthcare  313,317  37,729 
Henry Schein (1)  177,234  11,254 
Humana  160,413  41,013 
Laboratory Corp. of America Holdings (1)  117,249  19,698 
McKesson  225,865  30,867 
Quest Diagnostics  159,779  17,101 
UnitedHealth Group  1,126,449  244,800 
Universal Health Services, Class B  98,848  14,704 
WellCare Health Plans (1)  60,500  15,680 
    731,556 
Health Care Technology 0.1%     
Cerner  381,385  25,999 
    25,999 
Life Sciences Tools & Services 1.0%     
Agilent Technologies  375,779  28,796 
Illumina (1)  174,757  53,164 
IQVIA Holdings (1)  216,613  32,358 

 

The accompanying notes are an integral part of this Portfolio of Investments.

 

T. ROWE PRICE EQUITY INDEX 500 FUND

  Shares/Par  $ Value 
(Cost and value in $000s)     
 
Mettler-Toledo International (1)  28,878  20,342 
PerkinElmer  131,600  11,208 
Thermo Fisher Scientific  474,130  138,100 
Waters (1)  82,335  18,380 
    302,348 
Pharmaceuticals 4.3%     
Allergan  390,028  65,638 
Bristol-Myers Squibb  1,937,953  98,274 
Eli Lilly  1,010,144  112,964 
Johnson & Johnson  3,135,755  405,704 
Merck  3,045,823  256,397 
Mylan (1)  614,618  12,157 
Nektar Therapeutics (1)(2)  217,917  3,969 
Perrigo  149,114  8,334 
Pfizer  6,579,840  236,414 
Zoetis  566,226  70,546 
    1,270,397 
Total Health Care    4,007,952 
INDUSTRIALS & BUSINESS SERVICES 9.3%     
 
Aerospace & Defense 2.7%     
Arconic  468,321  12,176 
Boeing  635,604  241,828 
General Dynamics  278,181  50,832 
Huntington Ingalls Industries  46,694  9,889 
L3Harris Technologies  260,588  54,369 
Lockheed Martin  293,764  114,586 
Northrop Grumman  187,093  70,121 
Raytheon  331,152  64,969 
Textron  279,190  13,669 
TransDigm Group  57,153  29,758 
United Technologies  960,688  131,153 
    793,350 
Air Freight & Logistics 0.6%     
CH Robinson Worldwide (2)  162,392  13,768 
Expeditors International of Washington  199,376  14,812 

 

The accompanying notes are an integral part of this Portfolio of Investments.

 

T. ROWE PRICE EQUITY INDEX 500 FUND

  Shares/Par  $ Value 
(Cost and value in $000s)     
 
FedEx  285,886  41,616 
United Parcel Service, Class B  825,183  98,873 
    169,069 
Airlines 0.4%     
Alaska Air Group  146,901  9,536 
American Airlines Group (2)  470,713  12,695 
Delta Air Lines  704,728  40,592 
Southwest Airlines  579,229  31,284 
United Airlines Holdings (1)  262,556  23,213 
    117,320 
Building Products 0.3%     
A. O. Smith  156,800  7,481 
Allegion  111,670  11,574 
Fortune Brands Home & Security  166,355  9,100 
Johnson Controls International  952,428  41,802 
Masco  340,718  14,201 
    84,158 
Commercial Services & Supplies 0.4%     
Cintas  101,082  27,100 
Copart (1)  236,180  18,972 
Republic Services  256,906  22,235 
Rollins (2)  168,699  5,748 
Waste Management  463,389  53,290 
    127,345 
Construction & Engineering 0.1%     
Jacobs Engineering Group  161,106  14,741 
Quanta Services  177,600  6,713 
    21,454 
Electrical Equipment 0.5%     
AMETEK  270,903  24,874 
Eaton  504,376  41,939 
Emerson Electric  726,563  48,578 
Rockwell Automation  140,756  23,197 
    138,588 

 

The accompanying notes are an integral part of this Portfolio of Investments.

 

T. ROWE PRICE EQUITY INDEX 500 FUND

  Shares/Par  $ Value 
(Cost and value in $000s)     
 
Industrial Conglomerates 1.3%     
3M  684,598  112,548 
General Electric  10,316,630  92,230 
Honeywell International  854,892  144,648 
Roper Technologies  121,940  43,484 
    392,910 
Machinery 1.6%     
Caterpillar  668,447  84,432 
Cummins  187,606  30,518 
Deere  375,046  63,263 
Dover  173,533  17,277 
Flowserve  157,727  7,367 
Fortive  351,803  24,120 
IDEX  88,539  14,510 
Illinois Tool Works  354,939  55,544 
Ingersoll-Rand  282,086  34,756 
PACCAR  411,459  28,806 
Parker-Hannifin  152,506  27,544 
Pentair  184,254  6,965 
Snap-on  65,918  10,319 
Stanley Black & Decker  181,313  26,183 
Wabtec (2)  220,359  15,835 
Xylem  215,740  17,177 
    464,616 
Professional Services 0.3%     
Equifax  143,648  20,207 
IHS Markit (1)  476,904  31,895 
Nielsen Holdings  415,949  8,839 
Robert Half International  133,162  7,412 
Verisk Analytics  194,331  30,731 
    99,084 
Road & Rail 0.9%     
CSX  949,024  65,739 
JB Hunt Transport Services  100,970  11,172 
Kansas City Southern  115,304  15,337 

 

The accompanying notes are an integral part of this Portfolio of Investments.

 

T. ROWE PRICE EQUITY INDEX 500 FUND

  Shares/Par  $ Value 
(Cost and value in $000s)     
 
Norfolk Southern  315,084  56,608 
Union Pacific  837,334  135,631 
    284,487 
Trading Companies & Distributors 0.2%     
Fastenal  680,270  22,224 
United Rentals (1)  94,581  11,789 
W. W. Grainger  53,416  15,873 
    49,886 
Total Industrials & Business Services    2,742,267 
INFORMATION TECHNOLOGY 21.9%     
 
Communications Equipment 1.1%     
Arista Networks (1)  63,249  15,111 
Cisco Systems  5,044,090  249,229 
F5 Networks (1)  70,992  9,969 
Juniper Networks  415,037  10,272 
Motorola Solutions  195,564  33,326 
    317,907 
Electronic Equipment, Instruments & Components 0.5%     
Amphenol, Class A  353,137  34,078 
CDW  172,065  21,205 
Corning  932,003  26,581 
FLIR Systems  162,900  8,567 
IPG Photonics (1)(2)  42,324  5,739 
Keysight Technologies (1)  223,726  21,757 
TE Connectivity  400,520  37,321 
    155,248 
IT Services 5.5%     
Accenture, Class A  756,103  145,436 
Akamai Technologies (1)  188,821  17,254 
Alliance Data Systems  45,303  5,805 
Automatic Data Processing  516,081  83,306 
Broadridge Financial Solutions  137,948  17,165 
Cognizant Technology Solutions, Class A  656,211  39,547 
DXC Technology  313,554  9,250 

 

The accompanying notes are an integral part of this Portfolio of Investments.

 

T. ROWE PRICE EQUITY INDEX 500 FUND

  Shares/Par  $ Value 
(Cost and value in $000s)     
 
Fidelity National Information Services  722,909  95,973 
Fiserv (1)  674,986  69,922 
FleetCor Technologies (1)  102,503  29,396 
Gartner (1)  107,437  15,362 
Global Payments  356,740  56,722 
International Business Machines  1,050,113  152,707 
Jack Henry & Associates  91,802  13,400 
Leidos Holdings  165,254  14,192 
Mastercard, Class A  1,063,203  288,734 
Paychex  379,849  31,440 
PayPal Holdings (1)  1,392,869  144,287 
VeriSign (1)  122,600  23,126 
Visa, Class A  2,051,920  352,951 
Western Union  499,644  11,577 
    1,617,552 
Semiconductors & Semiconductor Equipment 3.9%     
Advanced Micro Devices (1)(2)  1,290,704  37,417 
Analog Devices  438,995  49,049 
Applied Materials  1,111,351  55,456 
Broadcom  468,234  129,265 
Intel  5,267,228  271,420 
KLA  191,233  30,492 
Lam Research  171,729  39,688 
Maxim Integrated Products  326,500  18,908 
Microchip Technology (2)  278,911  25,914 
Micron Technology (1)  1,316,546  56,414 
NVIDIA  722,565  125,777 
Qorvo (1)  145,800  10,810 
QUALCOMM  1,439,845  109,831 
Skyworks Solutions  205,198  16,262 
Texas Instruments  1,109,851  143,437 
Xilinx  304,239  29,177 
    1,149,317 
Software 6.6%     
Adobe (1)  577,270  159,471 
ANSYS (1)  99,715  22,073 

 

The accompanying notes are an integral part of this Portfolio of Investments.

 

T. ROWE PRICE EQUITY INDEX 500 FUND

  Shares/Par  $ Value 
(Cost and value in $000s)     
 
Autodesk (1)  260,592  38,489 
Cadence Design Systems (1)  331,050  21,876 
Citrix Systems  148,703  14,353 
Fortinet (1)  172,544  13,244 
Intuit  308,305  81,991 
Microsoft  9,072,099  1,261,294 
Oracle  2,617,730  144,054 
salesforce. com (1)  1,042,745  154,785 
Symantec  675,576  15,964 
Synopsys (1)  178,008  24,431 
    1,952,025 
Technology Hardware, Storage & Peripherals 4.3%     
Apple  5,050,866  1,131,242 
Hewlett Packard Enterprise  1,596,553  24,220 
HP  1,802,841  34,110 
NetApp  287,965  15,121 
Seagate Technology  292,500  15,734 
Western Digital  347,983  20,754 
Xerox Holdings  233,011  6,969 
    1,248,150 
Total Information Technology    6,440,199 
MATERIALS 2.6%     
 
Chemicals 1.9%     
Air Products & Chemicals  260,456  57,785 
Albemarle (2)  125,941  8,755 
Celanese  148,703  18,185 
CF Industries Holdings  269,298  13,249 
Dow  890,096  42,413 
DuPont de Nemours  890,361  63,492 
Eastman Chemical  162,625  12,007 
Ecolab  301,273  59,664 
FMC  156,535  13,725 
International Flavors & Fragrances (2)  120,847  14,827 
Linde  643,458  124,651 
LyondellBasell Industries, Class A  306,925  27,460 

 

The accompanying notes are an integral part of this Portfolio of Investments.

 

T. ROWE PRICE EQUITY INDEX 500 FUND

  Shares/Par  $ Value 
(Cost and value in $000s)     
 
Mosaic  431,477  8,845 
PPG Industries  280,059  33,190 
Sherwin-Williams  96,620  53,128 
    551,376 
Construction Materials 0.1%     
Martin Marietta Materials  74,316  20,370 
Vulcan Materials  156,248  23,631 
    44,001 
Containers & Packaging 0.4%     
Amcor  1,938,834  18,904 
Avery Dennison  100,297  11,391 
Ball  399,356  29,077 
International Paper  480,449  20,092 
Packaging Corp. of America  112,713  11,959 
Sealed Air  173,097  7,185 
Westrock  311,877  11,368 
    109,976 
Metals & Mining 0.2%     
Freeport-McMoRan  1,751,486  16,762 
Newmont Goldcorp  973,989  36,934 
Nucor  362,395  18,449 
    72,145 
Total Materials    777,498 
REAL ESTATE 3.2%     
 
Equity Real Estate Investment Trusts 3.1%     
Alexandria Real Estate Equities, REIT (2)  135,175  20,822 
American Tower, REIT  524,006  115,873 
Apartment Investment & Management, Class A, REIT  176,731  9,215 
AvalonBay Communities, REIT  166,888  35,936 
Boston Properties, REIT  170,915  22,161 
Crown Castle International, REIT  491,772  68,361 
Digital Realty Trust, REIT  243,603  31,622 
Duke Realty, REIT  422,225  14,343 
Equinix, REIT  99,524  57,405 

 

The accompanying notes are an integral part of this Portfolio of Investments.

 

T. ROWE PRICE EQUITY INDEX 500 FUND

  Shares/Par  $ Value 
(Cost and value in $000s)     
 
Equity Residential, REIT  414,484  35,753 
Essex Property Trust, REIT  77,783  25,408 
Extra Space Storage, REIT  152,002  17,757 
Federal Realty Investment Trust, REIT  87,000  11,844 
HCP, REIT  555,900  19,807 
Host Hotels & Resorts, REIT  879,884  15,213 
Iron Mountain, REIT (2)  336,140  10,888 
Kimco Realty, REIT  480,231  10,027 
Macerich, REIT (2)  126,600  3,999 
Mid-America Apartment Communities, REIT  134,972  17,548 
Prologis, REIT  749,412  63,865 
Public Storage, REIT  178,446  43,768 
Realty Income, REIT  376,797  28,893 
Regency Centers, REIT  194,922  13,545 
SBA Communications, REIT  135,555  32,689 
Simon Property Group, REIT  366,945  57,115 
SL Green Realty, REIT  97,400  7,963 
UDR, REIT  335,933  16,286 
Ventas, REIT  442,126  32,289 
Vornado Realty Trust, REIT  188,175  11,981 
Welltower, REIT  479,040  43,425 
Weyerhaeuser, REIT  885,275  24,522 
    920,323 
Real Estate Management & Development 0.1%     
CBRE Group, Class A (1)  385,893  20,456 
    20,456 
Total Real Estate    940,779 
UTILITIES 3.6%     
 
Electric Utilities 2.2%     
Alliant Energy  273,900  14,771 
American Electric Power  583,687  54,686 
Duke Energy  866,138  83,028 
Edison International  419,993  31,676 
Entergy  227,307  26,677 
Evergy  290,993  19,369 

 

The accompanying notes are an integral part of this Portfolio of Investments.

 

T. ROWE PRICE EQUITY INDEX 500 FUND

  Shares/Par  $ Value 
(Cost and value in $000s)     
 
Eversource Energy  380,951  32,560 
Exelon  1,155,712  55,832 
FirstEnergy  642,039  30,966 
NextEra Energy  581,120  135,395 
Pinnacle West Capital  130,519  12,669 
PPL  860,917  27,110 
Southern  1,230,321  75,997 
Xcel Energy  605,275  39,276 
    640,012 
Gas Utilities 0.1%     
Atmos Energy  141,586  16,125 
    16,125 
Independent Power & Renewable Electricity Producers 0.1%     
AES  781,993  12,778 
NRG Energy  319,725  12,661 
    25,439 
Multi-Utilities 1.1%     
Ameren  290,864  23,284 
CenterPoint Energy  598,029  18,048 
CMS Energy  341,306  21,827 
Consolidated Edison  382,545  36,139 
Dominion Energy  977,249  79,196 
DTE Energy  216,718  28,815 
NiSource  446,476  13,359 
Public Service Enterprise  601,529  37,343 
Sempra Energy  326,630  48,214 
WEC Energy Group  377,848  35,933 
    342,158 
Water Utilities 0.1%     
American Water Works  214,373  26,632 
    26,632 
Total Utilities    1,050,366 
Total Common Stocks (Cost $13,897,770)    29,355,728 

 

The accompanying notes are an integral part of this Portfolio of Investments.

 

T. ROWE PRICE EQUITY INDEX 500 FUND

  Shares/Par    $ Value 
(Cost and value in $000s)       
SHORT-TERM INVESTMENTS 0.1%       
Money Market Funds 0.1%       
T. Rowe Price Government Reserve Fund, 2.00% (3)(4)  29,635,250    29,635 
      29,635 
 
U. S. Treasury Obligations 0.0%       
U. S. Treasury Bills, 2.15%, 11/7/19 (5)  6,450,000    6,439 
      6,439 
 
Total Short-Term Investments (Cost $36,071)      36,074 
SECURITIES LENDING COLLATERAL 0.6%       
Investments in a Pooled Account through Securities Lending       
Program with State Street Bank and Trust Company 0.6%       
Short-Term Funds 0.6%       
T. Rowe Price Short-Term Fund, 2.07% (3)(4)  18,018,886    180,189 
Total Investments in a Pooled Account through Securities Lending Program with     
State Street Bank and Trust Company      180,189 
Total Securities Lending Collateral (Cost $180,189)      180,189 
 
Total Investments in Securities 100.5%       
(Cost $14,114,030)    $  29,571,991 
Other Assets Less Liabilities (0.5)%      (160,020) 
Net Assets 100.0%    $  29,411,971 

 

‡  Shares/Par 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 September 30, 2019. 
(3)  Affiliated Companies 
(4)  Seven-day yield 
(5)  At September 30, 2019, all or a portion of this security is pledged as collateral 
  and/or margin deposit to cover future funding obligations. 
REIT  A domestic Real Estate Investment Trust whose distributions pass-through 
  with original tax character to the shareholder 

 

The accompanying notes are an integral part of this Portfolio of Investments.

 

T. ROWE PRICE EQUITY INDEX 500 FUND

FUTURES CONTRACTS           
($000s)           
        Value and 
  Expiration  Notional    Unrealized Gain 
  Date  Amount    (Loss)
Long, 384 S&P 500 E-Mini Index contracts  12/19  57,187  $ (576) 
Net payments (receipts) of variation margin to date          858 
 
Variation margin receivable (payable) on open futures contracts      $  282 

 

The accompanying notes are an integral part of this Portfolio of Investments.

 

T. ROWE PRICE EQUITY INDEX 500 FUND

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 nine
months ended September 30, 2019. 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.

        Change in Net     
    Net Realized Gain    Unrealized  Investment 
Affiliate    (Loss)    Gain/Loss    Income 
T. Rowe Price Group    $  836  $  5,450  $  646 
T. Rowe Price Government             
Reserve Fund      —    —    1,298 
T. Rowe Price Short-Term Fund    —    —    —++ 
Totals    $  836#  $  5,450  $  1,944+ 
 
 
Supplementary Investment Schedule           
    Value  Purchase  Sales    Value 
Affiliate    12/31/18  Cost  Cost    9/30/19 
T. Rowe Price Group  $  25,529   $          1,226   $             281   $ 31,924 
T. Rowe Price Government             
Reserve Fund    55,290    ¤  ¤    29,635 
T. Rowe Price Short-Term             
Fund    226,451    ¤  ¤    180,189 
            $ 241,748^ 

 

#  Capital gain distributions from mutual 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 $1,944 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 $224,373. 

 

The accompanying notes are an integral part of this Portfolio of Investments.

 

T. ROWE PRICE EQUITY INDEX 500 FUND
Unaudited
NOTES TO PORTFOLIO OF
INVESTMENTS

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

The fund’s financial instruments are valued at the close of the New York Stock Exchange (NYSE), normally 4 p.m. ET,
each day the NYSE is open for business.

Fair Value
The fund’s financial instruments 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 T. Rowe Price Valuation Committee (the Valuation Committee) is an internal committee that has been
delegated certain responsibilities by the fund’s Board of Directors (the Board) to ensure that financial instruments are
appropriately priced at fair value in accordance with GAAP and the 1940 Act. Subject to oversight by the Board, the
Valuation Committee develops and oversees pricing-related policies and procedures and approves all fair value
determinations. Specifically, the Valuation Committee establishes procedures to value securities; determines pricing
techniques, sources, and persons eligible to effect fair value pricing actions; oversees the selection, services, and
performance of pricing vendors; oversees valuation-related business continuity practices; and provides guidance on
internal controls and valuation-related matters. The Valuation Committee reports to the Board and has representation
from legal, portfolio management and trading, operations, risk management, and the fund’s treasurer.

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)

Level 3 - unobservable inputs

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 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

 

T. ROWE PRICE EQUITY INDEX 500 FUND

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.
Actively traded equity securities listed on a domestic exchange generally are categorized in Level 1 of the fair value
hierarchy. OTC Bulletin Board securities, certain preferred securities, and equity securities traded in inactive markets
generally are categorized in Level 2 of the fair value hierarchy.

Debt securities generally are traded in the OTC market and are valued at prices furnished by dealers who make markets
in such securities or by an independent pricing service, which considers the yield or price of bonds of comparable
quality, coupon, maturity, and type, as well as prices quoted by dealers who make markets in such securities. Generally,
debt securities are categorized in Level 2 of the fair value hierarchy; however, to the extent the valuations include
significant unobservable inputs, the securities would be categorized in Level 3.

Investments in mutual funds are valued at the mutual fund’s closing NAV per share on the day of valuation and are
categorized in Level 1 of the fair value hierarchy. Financial futures contracts are valued at closing settlement prices and
are categorized in Level 1 of the fair value hierarchy.

Thinly traded financial instruments and those for which the above valuation procedures are inappropriate or are
deemed not to reflect fair value are stated at fair value as determined in good faith by the Valuation Committee. The
objective of any fair value pricing determination is to arrive at a price that could reasonably be expected from a current
sale. Financial instruments fair valued by the Valuation Committee are primarily private placements, restricted
securities, warrants, rights, and other securities that are not publicly traded.

Subject to oversight by the Board, the Valuation Committee regularly makes good faith judgments to establish and
adjust the fair valuations of certain securities as events occur and circumstances warrant. For instance, in determining
the fair value of an equity investment with limited market activity, such as a private placement or a thinly traded public
company stock, the Valuation Committee considers a variety of factors, which may include, but are not limited to, the
issuer’s business prospects, its financial standing and performance, recent investment transactions in the issuer, new
rounds of financing, negotiated transactions of significant size between other investors in the company, relevant market
valuations of peer companies, strategic events affecting the company, market liquidity for the issuer, and general
economic conditions and events. In consultation with the investment and pricing teams, the Valuation Committee will
determine an appropriate valuation technique based on available information, which may include both observable and
unobservable inputs. The Valuation Committee 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 Committee may also
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; or some combination. Fair value determinations are reviewed on a
regular basis and updated as information becomes available, including actual purchase and sale transactions of the
issue. Because any fair value determination involves a significant amount of judgment, there is a degree of subjectivity
inherent in such pricing decisions, and fair value prices determined by the Valuation Committee could differ from
those of other market participants. Depending on the relative significance of unobservable inputs, including the
valuation technique(s) used, fair valued securities may be categorized in Level 2 or 3 of the fair value hierarchy.

 

T. ROWE PRICE EQUITY INDEX 500 FUND

Valuation Inputs
The following table summarizes the fund’s financial instruments, based on the inputs used to determine their fair values
on September 30, 2019 (for further detail by category, please refer to the accompanying Portfolio of Investments):

($000s)    Level 1  Level 2  Level 3  Total Value 
Assets           
Common Stocks  $  29,355,728   $                —  $          —  $       29,355,728 
Short-Term Investments    29,635  6,439  —  36,074 
Securities Lending Collateral    180,189  —  —  180,189 
Total Securities    29,565,552  6,439  —  29,571,991 
Futures Contracts    282  —  —  282 
Total  $  29,565,834   $            6,439   $          —  $       29,572,273