T. Rowe Price Cash Reserves Fund
T. Rowe Price Government
Money Fund
T. Rowe Price U.S. Treasury Money Fund
In the Summary Prospectus and Section 1 of the Prospectus, the portfolio manager table under “Management” is supplemented as follows:
Effective December 31, 2024, Douglas D. Spratley will step down as the fund’s co-portfolio manager and cochair of the fund’s Investment Advisory Committee.
In Section 2 of the Prospectus, the disclosure under “Portfolio Management” is supplemented as follows:
Effective December 31, 2024, Douglas D. Spratley will step down as the fund’s co-portfolio manager and cochair of the fund’s Investment Advisory Committee, and Alexander S. Obaza will remain as sole portfolio manager and sole chair of the fund’s Investment Advisory Committee.
G54-041 4/25/24