0000858581 2026-07-27 2026-07-27 0000858581 trowe:S000069930Member 2026-07-27 2026-07-27 0000858581 trowe:S000069930Member trowe:FixedincomemarketsMember 2026-07-27 2026-07-27 0000858581 trowe:S000069930Member trowe:InflationlinkedsecuritiesMember 2026-07-27 2026-07-27 0000858581 trowe:S000069930Member trowe:MarketconditionsMember 2026-07-27 2026-07-27 0000858581 trowe:S000069930Member trowe:IndexinvestingMember 2026-07-27 2026-07-27 0000858581 trowe:S000069930Member trowe:TrackingerrorMember 2026-07-27 2026-07-27 0000858581 trowe:S000069930Member trowe:InterestratesMember 2026-07-27 2026-07-27 0000858581 trowe:S000069930Member trowe:DerivativesMember 2026-07-27 2026-07-27 0000858581 trowe:S000069930Member trowe:CreditqualityMember 2026-07-27 2026-07-27 0000858581 trowe:S000069930Member trowe:LiquidityMember 2026-07-27 2026-07-27 0000858581 trowe:S000069930Member trowe:CybersecuritybreachesMember 2026-07-27 2026-07-27 0000858581 trowe:C000222751Member 2026-07-27 2026-07-27 0000858581 trowe:C000222752Member 2026-07-27 2026-07-27 0000858581 trowe:C000222750Member 2026-07-27 2026-07-27 0000858581 trowe:S000069930Member oef:RiskLoseMoneyMember 2026-07-27 2026-07-27 0000858581 trowe:C000222751Member 2021-01-01 2021-12-31 0000858581 trowe:C000222751Member 2022-01-01 2022-12-31 0000858581 trowe:C000222751Member 2023-01-01 2023-12-31 0000858581 trowe:C000222751Member 2024-01-01 2024-12-31 0000858581 trowe:C000222751Member 2025-01-01 2025-12-31 0000858581 trowe:C000222751Member 2020-11-02 2025-12-31 0000858581 trowe:C000222751Member 2021-01-01 2025-12-31 0000858581 trowe:C000222751Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0000858581 trowe:C000222751Member oef:AfterTaxesOnDistributionsMember 2021-01-01 2025-12-31 0000858581 trowe:C000222751Member oef:AfterTaxesOnDistributionsMember 2020-11-02 2025-12-31 0000858581 trowe:C000222751Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0000858581 trowe:C000222751Member oef:AfterTaxesOnDistributionsAndSalesMember 2021-01-01 2025-12-31 0000858581 trowe:C000222751Member oef:AfterTaxesOnDistributionsAndSalesMember 2020-11-02 2025-12-31 0000858581 trowe:C000222752Member 2020-11-02 2025-12-31 0000858581 trowe:C000222752Member 2025-01-01 2025-12-31 0000858581 trowe:C000222752Member 2021-01-01 2025-12-31 0000858581 trowe:C000222750Member 2020-11-02 2025-12-31 0000858581 trowe:C000222750Member 2025-01-01 2025-12-31 0000858581 trowe:C000222750Member 2021-01-01 2025-12-31 0000858581 trowe:BloombergUSAggregateBondIndexMember 2025-01-01 2025-12-31 0000858581 trowe:BloombergUSAggregateBondIndexMember 2021-01-01 2025-12-31 0000858581 trowe:BloombergUSAggregateBondIndexMember 2020-11-02 2025-12-31 0000858581 trowe:BloombergUs15YearTreasuryTipsIndexMember 2025-01-01 2025-12-31 0000858581 trowe:BloombergUs15YearTreasuryTipsIndexMember 2021-01-01 2025-12-31 0000858581 trowe:BloombergUs15YearTreasuryTipsIndexMember 2020-11-02 2025-12-31 iso4217:USD pure false 485BPOS 2026-07-27 0000858581 N-1A T. Rowe Price Index Trust, Inc. 2026-08-01 SUMMARY Investment Objective(s) The fund seeks income by investing in inflation-linked securities. Fees and Expenses This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the fund. You may also incur brokerage commissions and other charges when buying or selling shares of the fund, which are not reflected in the table or example below. Fees and Expenses of the Fund <div></div> <table cellpadding="0" cellspacing="0" id="xdx_A5B_dU_zzWGwXV4Cfs1" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Shareholder Fees"> <tr style="vertical-align: bottom"> <td style="border-top: black 1pt solid; border-left: Black 1pt solid; white-space: nowrap; padding-right: 0.5pt; padding-left: 1.4pt"> </td> <td colspan="2" id="xdx_49C_20260727__20260727__oef--ClassAxis__custom--C000222751Member_zz6Z1NYmcSs2" style="border-top: black 1pt solid; padding-right: 0.5pt; padding-left: 1.4pt; text-align: center"> </td> <td colspan="2" id="xdx_49A_20260727__20260727__oef--ClassAxis__custom--C000222752Member_zEjKm2SfiXWk" style="border-top: black 1pt solid; padding-right: 0.5pt; padding-left: 1.4pt; text-align: center"> </td> <td colspan="2" id="xdx_49D_20260727__20260727__oef--ClassAxis__custom--C000222750Member_zkQirCTqProa" style="border-top: black 1pt solid; border-right: black 1pt solid; padding-right: 0.5pt; padding-left: 1.4pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-left: Black 1pt solid; white-space: nowrap; padding-right: 0.5pt; padding-left: 1.4pt"> </td> <td colspan="2" style="padding-right: 0.5pt; padding-left: 1.4pt; text-align: center">Investor Class</td> <td colspan="2" style="padding-right: 0.5pt; padding-left: 1.4pt; text-align: center">I Class</td> <td colspan="2" style="border-right: black 1pt solid; padding-right: 0.5pt; padding-left: 1.4pt; text-align: center">Z Class</td></tr> <tr style="vertical-align: bottom"> <td colspan="6" id="xdx_989_eoef--ShareholderFeesCaption_c20260727__20260727__dei--LegalEntityAxis__custom--S000069930Member_zv8k9ZlkG06" style="border-left: black 1pt solid; padding-right: 0.5pt; padding-left: 1.4pt; text-align: center">Shareholder fees (fees paid directly from your investment)</td> <td style="border-right: black 1pt solid; white-space: nowrap; padding-right: 0pt; padding-left: 0pt"> </td></tr> <tr id="xdx_408_eoef--MaximumAccountFee_d0_z9OjNxcLe5qf" style="vertical-align: bottom"> <td style="border-left: Black 1pt solid; white-space: nowrap; padding-right: 0.5pt; padding-left: 1.4pt; width: 50%">Maximum account fee</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right; width: 9%">$20</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; width: 9%">a </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right; width: 9%">—</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; width: 9%"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right; width: 9%">—</td> <td style="border-right: black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; width: 5%"> </td></tr> </table> Shareholder fees (fees paid directly from your investment) 20 0 0 Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) <div id="xdx_A82_eoef--AnnualFundOperatingExpensesTableTextBlock_zMioUOPxcmve"></div> <table cellpadding="0" cellspacing="0" id="xdx_A5E_dU_zFaI7J9Lmb2g" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Annual Fund Operating Expenses"> <tr style="display: none"> <td style="display: none"> </td> <td id="xdx_49C_20260727__20260727__oef--ClassAxis__custom--C000222751Member_zWxzogtHZr11" style="display: none"> </td> <td style="display: none"> </td> <td id="xdx_49A_20260727__20260727__oef--ClassAxis__custom--C000222752Member_zSxBNGVRSNpc" style="display: none"> </td> <td style="display: none"> </td> <td id="xdx_49D_20260727__20260727__oef--ClassAxis__custom--C000222750Member_zDG0k2L73KZ5" style="display: none"> </td> <td style="display: none"> </td></tr> <tr id="xdx_402_eoef--ManagementFeesOverAssets_d0_zZb7LZamOH65" style="vertical-align: bottom"> <td style="border-left: Black 1pt solid; white-space: nowrap; padding-right: 0.5pt; padding-left: 1.4pt">Management fees</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> 0.06</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt">%</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> 0.06</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt">%</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> 0.06</td> <td style="border-right: black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt">%</td></tr> <tr style="vertical-align: bottom"> <td style="border-left: Black 1pt solid; white-space: nowrap; width: 50%; padding-right: 0.5pt; padding-left: 1.4pt"> </td> <td style="white-space: nowrap; width: 9%; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td> <td style="white-space: nowrap; width: 9%; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td> <td style="white-space: nowrap; width: 9%; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> </td> <td style="white-space: nowrap; width: 9%; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td> <td style="white-space: nowrap; width: 9%; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> </td> <td style="border-right: black 1pt solid; white-space: nowrap; width: 5%; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td></tr> <tr id="xdx_407_eoef--OtherExpensesOverAssets_dpn_z7tiu0zF4Cyh" style="vertical-align: bottom"> <td style="border-left: Black 1pt solid; white-space: nowrap; padding-right: 0.5pt; padding-left: 1.4pt">Other expenses</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> 0.31</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> 0.06</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt">b </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> 0.02</td> <td style="border-right: black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-left: Black 1pt solid; padding-right: 0.5pt; padding-left: 1.4pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> </td> <td style="border-right: black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-left: Black 1pt solid; white-space: nowrap; padding-right: 0.5pt; padding-left: 1.4pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> </td> <td style="border-right: black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td></tr> <tr id="xdx_404_eoef--ExpensesOverAssets_dpn_z8sq0h7nufk3" style="vertical-align: bottom"> <td style="border-left: Black 1pt solid; white-space: nowrap; padding-right: 0.5pt; padding-left: 1.4pt">Total annual fund operating expenses</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> 0.37</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> 0.12</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> 0.08</td> <td style="border-right: black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-left: Black 1pt solid; padding-right: 0.5pt; padding-left: 1.4pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> </td> <td style="border-right: black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td></tr> <tr id="xdx_400_eoef--FeeWaiverOrReimbursementOverAssets_dp_zyIMDSkA4ZU6" style="vertical-align: bottom"> <td style="border-left: Black 1pt solid; white-space: nowrap; padding-right: 0.5pt; padding-left: 1.4pt">Fee waiver/expense reimbursement</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> (0.16</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt">)c </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> (0.01</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt">)b </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> (0.08</td> <td style="border-right: black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt">)d </td></tr> <tr style="vertical-align: bottom"> <td style="border-left: Black 1pt solid; white-space: nowrap; padding-right: 0.5pt; padding-left: 1.4pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> </td> <td style="border-right: black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-left: Black 1pt solid; white-space: nowrap; padding-right: 0.5pt; padding-left: 1.4pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> </td> <td style="border-right: black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt"> </td></tr> <tr id="xdx_40E_eoef--NetExpensesOverAssets_dpn_zWhWjWa16Cff" style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; border-left: Black 1pt solid; padding-right: 0.5pt; padding-left: 1.4pt">Total annual fund operating expenses after fee waiver/expense reimbursement</td> <td style="border-bottom: black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> 0.21</td> <td style="border-bottom: black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt">c </td> <td style="border-bottom: black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right"> 0.11</td> <td style="border-bottom: black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt">b </td> <td style="border-bottom: black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt; text-align: right">0.00</td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0pt; padding-left: 0pt">d </td></tr> </table> 0.06 0.06 0.06 0.0031 0.0006 0.0002 0.0037 0.0012 0.0008 -0.0016 -0.0001 -0.0008 0.0021 0.0011 0.0000 <div id="xdx_A81_eoef--ExpenseFootnotesTextBlock_znK5pqwAv513"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="white-space: nowrap; vertical-align: top; padding-right: 0.5pt; padding-left: 1.4pt; text-align: center; width: 2%">a</td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 0.5pt; padding-left: 1.4pt; width: 98%">Subject to certain exceptions and account minimums, accounts are charged an annual $20 fee.</td></tr> <tr> <td style="white-space: nowrap; vertical-align: top; padding-right: 0.5pt; padding-left: 1.4pt; text-align: center">b</td> <td style="vertical-align: bottom; padding-right: 0.5pt; padding-left: 1.4pt">T. Rowe Price Associates, Inc., has contractually agreed (through July 31, 2028) to pay the operating expenses of the fund’s I Class excluding management fees; interest; expenses related to borrowings, taxes, and brokerage; nonrecurring, extraordinary expenses; and acquired fund fees and expenses (I Class Operating Expenses), to the extent the I Class Operating Expenses exceed 0.05% of the class’ average daily net assets. The agreement may only be terminated at any time after July 31, 2028, with approval by the fund’s Board of Directors. Any expenses paid under this agreement (and any applicable prior limitations) are subject to reimbursement to T. Rowe Price Associates, Inc., by the class whenever the I Class Operating Expenses are below 0.05%. However, the class will not reimburse T. Rowe Price Associates, Inc., more than three years from the date such amounts were initially waived or paid. The class may only reimburse T. Rowe Price Associates, Inc., if the reimbursement does not cause the I Class Operating Expenses (after the reimbursement is taken into account) to exceed the current expense limitation on I Class Operating Expenses (or the expense limitation in place at the time the amounts were waived or paid).</td></tr> <tr> <td style="white-space: nowrap; vertical-align: top; padding-right: 0.5pt; padding-left: 1.4pt; text-align: center">c</td> <td style="vertical-align: bottom; padding-right: 0.5pt; padding-left: 1.4pt">T. Rowe Price Associates, Inc., has contractually agreed (through July 31, 2028) to waive its fees and/or bear any expenses (excluding interest; expenses related to borrowings, taxes, and brokerage; nonrecurring, extraordinary expenses; and acquired fund fees and expenses) that would cause the class’ ratio of expenses to average daily net assets to exceed 0.21%. The agreement may only be terminated at any time after July 31, 2028, with approval by the fund’s Board of Directors. Fees waived and expenses paid under this agreement (and any applicable prior limitations) are subject to reimbursement to T. Rowe Price Associates, Inc., by the class whenever the class’ expense ratio is below 0.21%. However, the class will not reimburse T. Rowe Price Associates, Inc., more than three years from the date such amounts were initially waived or paid. The class may only reimburse T. Rowe Price Associates, Inc., if the reimbursement does not cause the class’ expense ratio (after the reimbursement is taken into account) to exceed the class’ current expense limitation (or the expense limitation in place at the time the amounts were waived or paid).</td></tr> <tr> <td style="white-space: nowrap; vertical-align: top; padding-right: 0.5pt; padding-left: 1.4pt; text-align: center">d</td> <td style="vertical-align: bottom; padding-right: 0.5pt; padding-left: 1.4pt">T. Rowe Price Associates, Inc., has contractually agreed to waive and/or bear all the Z Class’ expenses (excluding interest; expenses related to borrowings, taxes, and brokerage; nonrecurring, extraordinary expenses; and acquired fund fees and expenses) in their entirety. T. Rowe Price Associates, Inc., expects this fee waiver and/or expense reimbursement arrangement to remain in place indefinitely, and the agreement may only be amended or terminated with approval by the fund’s Board of Directors.</td></tr> </table> July 31, 2028 July 31, 2028 Example This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods, that your investment has a 5% return each year, and that the fund’s operating expenses remain the same. The example also assumes that any current expense limitation arrangement remains in place for the period noted in the previous table; therefore, the figures have been adjusted to reflect fee waivers or expense reimbursements only in the periods for which the expense limitation arrangement is expected to continue. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <div id="xdx_A83_eoef--ExpenseExampleWithRedemptionTableTextBlock_zt0qrvShCPhg"></div> <table cellpadding="0" cellspacing="0" id="xdx_A5D_dU_zByFhQ5S1G0b" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Expense Example"> <tr style="vertical-align: bottom"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; padding: 2.15pt; white-space: nowrap"> </td> <td colspan="2" id="xdx_48A_eoef--ExpenseExampleYear01_zAHhIjMVi6x2" style="border-top: black 1pt solid; padding: 2.15pt; white-space: nowrap; text-align: center">1 Year</td> <td colspan="2" id="xdx_48F_eoef--ExpenseExampleYear03_zS4e2bB6pYPi" style="border-top: black 1pt solid; padding: 2.15pt; white-space: nowrap; text-align: center">3 Years</td> <td colspan="2" id="xdx_48C_eoef--ExpenseExampleYear05_zy7csyOKwIc5" style="border-top: black 1pt solid; padding: 2.15pt; white-space: nowrap; text-align: center">5 Years</td> <td colspan="2" id="xdx_483_eoef--ExpenseExampleYear10_zQvAHOlBuOl1" style="border-top: black 1pt solid; border-right: black 1pt solid; padding: 2.15pt; white-space: nowrap; text-align: center">10 Years</td> </tr> <tr id="xdx_415_20260727__20260727__oef--ClassAxis__custom--C000222751Member_zlaKD3MyJr8a"> <td style="border-left: black 1pt solid; padding: 2.15pt; white-space: nowrap; width: 48%; background-color: #D9D9D9"> Investor Class </td> <td style="padding: 2.15pt; white-space: nowrap; vertical-align: bottom; width: 5%; background-color: #D9D9D9; text-align: right">$</td> <td style="padding: 2.15pt; white-space: nowrap; vertical-align: bottom; width: 8%; background-color: #D9D9D9; text-align: right">22</td> <td style="padding: 2.15pt; white-space: nowrap; vertical-align: bottom; width: 5%; background-color: #D9D9D9; text-align: right">$</td> <td style="padding: 2.15pt; white-space: nowrap; vertical-align: bottom; width: 8%; background-color: #D9D9D9; text-align: right">86</td> <td style="padding: 2.15pt; white-space: nowrap; vertical-align: bottom; width: 5%; background-color: #D9D9D9; text-align: right">$</td> <td style="padding: 2.15pt; white-space: nowrap; vertical-align: bottom; width: 8%; background-color: #D9D9D9; text-align: right">175</td> <td style="padding: 2.15pt; white-space: nowrap; vertical-align: bottom; width: 5%; background-color: #D9D9D9; text-align: right">$</td> <td style="border-right: black 1pt solid; padding: 2.15pt; white-space: nowrap; vertical-align: bottom; width: 8%; background-color: #D9D9D9; text-align: right">436</td> </tr> <tr id="xdx_41D_20260727__20260727__oef--ClassAxis__custom--C000222752Member_z2yRjk6ZwMfa"> <td style="border-left: black 1pt solid; padding: 2.15pt; white-space: nowrap; background-color: #D9D9D9"> I Class </td> <td style="padding: 2.15pt; white-space: nowrap; vertical-align: bottom; background-color: #D9D9D9; text-align: right"> </td> <td style="padding: 2.15pt; white-space: nowrap; vertical-align: bottom; background-color: #D9D9D9; text-align: right">11</td> <td style="padding: 2.15pt; white-space: nowrap; vertical-align: bottom; background-color: #D9D9D9; text-align: right"> </td> <td style="padding: 2.15pt; white-space: nowrap; vertical-align: bottom; background-color: #D9D9D9; text-align: right">37</td> <td style="padding: 2.15pt; white-space: nowrap; vertical-align: bottom; background-color: #D9D9D9; text-align: right"> </td> <td style="padding: 2.15pt; white-space: nowrap; vertical-align: bottom; background-color: #D9D9D9; text-align: right">66</td> <td style="padding: 2.15pt; white-space: nowrap; vertical-align: bottom; background-color: #D9D9D9; text-align: right"> </td> <td style="border-right: black 1pt solid; padding: 2.15pt; white-space: nowrap; vertical-align: bottom; background-color: #D9D9D9; text-align: right">152</td> </tr> <tr id="xdx_417_20260727__20260727__oef--ClassAxis__custom--C000222750Member_z8lVqDsSEdDi"> <td style="border-bottom: Black 1pt solid; border-left: black 1pt solid; padding: 2.15pt; white-space: nowrap; background-color: #D9D9D9"> Z Class </td> <td style="border-bottom: Black 1pt solid; padding: 2.15pt; white-space: nowrap; vertical-align: bottom; background-color: #D9D9D9; text-align: right"> </td> <td style="border-bottom: Black 1pt solid; padding: 2.15pt; white-space: nowrap; background-color: #D9D9D9; text-align: right">0</td> <td style="border-bottom: Black 1pt solid; padding: 2.15pt; white-space: nowrap; vertical-align: bottom; background-color: #D9D9D9; text-align: right"> </td> <td style="border-bottom: Black 1pt solid; padding: 2.15pt; white-space: nowrap; background-color: #D9D9D9; text-align: right">0</td> <td style="border-bottom: Black 1pt solid; padding: 2.15pt; white-space: nowrap; vertical-align: bottom; background-color: #D9D9D9; text-align: right"> </td> <td style="border-bottom: Black 1pt solid; padding: 2.15pt; white-space: nowrap; background-color: #D9D9D9; text-align: right">0</td> <td style="border-bottom: Black 1pt solid; padding: 2.15pt; white-space: nowrap; vertical-align: bottom; background-color: #D9D9D9; text-align: right"> </td> <td style="border-right: black 1pt solid; border-bottom: Black 1pt solid; padding: 2.15pt; white-space: nowrap; background-color: #D9D9D9; text-align: right">0</td> </tr> </table> 22 86 175 436 11 37 66 152 0 0 0 0 Portfolio Turnover The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s performance. During the most recent fiscal year, the fund’s portfolio turnover rate was 33.3% of the average value of its portfolio. 0.333 Principal Investment Strategies The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in Treasury Inflation Protected Securities and in securities that are held in its benchmark index. Any derivatives that provide exposure to the investment focus suggested by the fund’s name, or to one or more market risk factors associated with the investment focus suggested by the fund’s name, are counted (as applicable) toward compliance with the fund’s 80% investment policy. The fund seeks to provide a total return that matches or incrementally exceeds the performance of Treasury Inflation Protected Securities, known as TIPS, with maturities between one and five years by providing total returns that match or incrementally exceed the total returns of the fund’s benchmark index, currently the Bloomberg U.S. 1-5 Year Treasury TIPS Index (Index). Effective October 1, 2026, the fund will change its benchmark index from the Bloomberg U.S. 1-5 Year Treasury TIPS Index to the Bloomberg U.S. 0-5 Year Treasury TIPS Index (New Index) and will seek to provide a total return that matches or incrementally exceeds the performance of TIPS with maturities of less than five years. Consistent with the Index, the fund’s holdings normally include TIPS with remaining maturities between one and five years and consistent with the New Index, the fund’s holdings will normally include TIPS with remaining maturities of less than five years. However, the fund may invest in other securities including, but not limited to, TIPS with different maturities, other inflation-linked securities, and other securities issued by the U.S. Treasury or government agencies. TIPS are instruments issued by the U.S. Treasury that are structured to provide protection against inflation, which measures a sustained increase in the prices of goods and services in an economy that can erode the purchasing power of a currency over time. Interest and principal payments of TIPS are periodically adjusted in step with changes in the inflation rate. These inflation adjustments for TIPS are applied based on changes in the Consumer Price Index (CPI), while inflation adjustments for other types of inflation-linked securities may be based on a different inflation index. Inflation-linked securities tend to react to changes in real interest rates, which represent nominal (stated) interest rates reduced by the expected impact of inflation. For example, if a 3-year Treasury bond is yielding 5% and inflation expectations for the next 3 years are 2%, the real interest rate is 3%. Duration, which is expressed in years, is a calculation that attempts to measure the price sensitivity of a bond or bond fund to changes in interest rates. The longer a bond fund’s duration, the more sensitive that fund should be to changes in interest rates. For example, if interest rates rise by 1% and a fixed-rate bond has a duration of 5 years, it is estimated that the principal value of the bond will decrease by approximately 5%. The fund normally maintains a duration between one and five years, and it will vary consistent with the duration of the Index. Effective October 1, 2026, the fund will normally maintain a duration of less than five years, and it will vary consistent with the duration of the New Index. As of May 31, 2026, the duration of the Index was 2.82 years and the duration of the New Index was 2.36 years. The fund’s overall investment strategy is to match or incrementally exceed the performance of limited duration TIPS. To achieve this goal, the fund seeks to provide total returns (after all of the fund’s expenses have been deducted) that match or incrementally exceed the total returns of the fund’s benchmark index. To be eligible for inclusion in the Index or New Index, a security must be rated investment grade, its principal and interest must be inflation-linked and denominated in U.S. dollars, have a fixed rate coupon with at least $250 million par amount outstanding (not adjusted for inflation indexation). For the Index, securities must have greater than one year and less than five years remaining to maturity and for the New Index, securities must have less than five years remaining to maturity. Each Index is market value weighted and the securities represented in the Index are updated on the last business day of each month. The composition of each Index is rebalanced at each month-end and represents the fixed set of securities on which Index returns are calculated for the next month. As of May 31, 2026, there were 20 securities in the Index and there were 25 securities in the New Index. The adviser does not attempt to fully replicate the benchmark index, but generally invests in a range of bonds represented in the index. While the fund’s portfolio is structured to have a risk profile and overall characteristics similar to the benchmark index, the adviser may adjust certain holdings in relation to their weighting in the index and rely on quantitative models in an attempt to generate a modest amount of outperformance over the index. These quantitative models are designed to help replicate the overall risk factors and other characteristics of the index in a more efficient manner and to inform overweighting and underweighting of sectors and securities relative to the index, which are designed in part to provide performance that incrementally exceeds that of the index. In conjunction with the quantitative models, the adviser evaluates specific traits and securities within the benchmark index and selects a set of holdings that represent the index’s key risk factors and traits (such as maturity and interest rate and inflation sensitivity). Based on the adviser’s evaluation of quantitative models, and views as to the relative value or attractiveness of a specific trait, security, or sector (such as U.S. Treasury securities, TIPS, and GNMA securities), the adviser may place a slightly greater or lesser emphasis on certain characteristics than their representation in the Index or make small tactical bets on inflation, duration, and yield curve positioning. This could result in the fund being underweight or overweight in certain sectors or securities versus the benchmark index or having a duration that differs from that of the index. The fund only purchases securities that are rated within the four highest credit rating categories (AAA, AA, A, BBB, or equivalent) at the time of purchase by at least one credit rating agency or, if unrated, deemed by the adviser to be of comparable quality. The fund may use a variety of derivatives, such as futures, options, foreign exchange currency contracts (forwards), and swaps for a number of purposes, such as for hedging risk or managing certain exposure. Specifically, the fund uses interest rate futures and inflation-linked derivatives. Interest rate derivatives are typically used to manage the fund’s exposure to interest rate changes or to adjust portfolio duration. Inflation-linked derivatives are typically used to manage the fund’s inflation risk, maintain efficient exposure to TIPS and other inflation-linked securities, or help align the portfolio with the overall characteristics of the index. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in Treasury Inflation Protected Securities and in securities that are held in its benchmark index. The fund’s share price fluctuates, which means you could lose money by investing in the fund. Fixed income markets: Economic and other market developments can adversely affect the fixed income securities markets. At times, participants in these markets may develop concerns about the ability of certain issuers of debt instruments to make timely principal and interest payments, or they may develop concerns about the ability of financial institutions that make markets in certain debt instruments to facilitate an orderly market. Those concerns could cause increased volatility and reduced liquidity in particular securities or in the overall fixed income markets and the related derivatives markets. A lack of liquidity or other adverse credit market conditions may hamper the fund’s ability to sell the debt instruments in which it invests or to find and purchase suitable debt instruments. Inflation-linked securities: In general, the value of an inflation-linked security, including TIPS, will typically decrease when real interest rates (nominal interest rates reduced by the expected impact of inflation) increase and increase when real interest rates decrease. When inflation is negative or concerns over inflation are low, the value and income of inflation-linked securities could fall and result in losses for the fund and during periods of very low inflation, the yield on an inflation-linked security may be negative. Conversely, during sustained periods of high inflation, the fund’s yield should increase, which may not be repeated. Funds that invest heavily in inflation-linked securities do not always move in lockstep with inflation because they do not necessarily buy inflation-linked securities when they are originally issued or hold them until maturity. In addition, the accrual of inflation adjustments on the fund’s holdings may significantly impact the current level of dividends actually paid to shareholders. Changes in inflation rates and/or interest rates may cause the fund’s yield to vary substantially over time. Market conditions: The value of the fund’s investments may decrease, sometimes rapidly or unexpectedly, due to factors affecting an issuer held by the fund, particular industries, or the overall securities markets. A variety of factors can increase the volatility of the fund’s holdings and markets generally, including geopolitical developments (such as trade and tariff arrangements, sanctions, and cybersecurity attacks), recessions, inflation, rapid interest rate changes, war, military conflict, acts of terrorism, natural disasters, and outbreaks of infectious illnesses or other widespread public health issues (such as pandemics) and related governmental and public responses. Certain 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. Government intervention in markets may impact interest rates, market volatility, and security pricing. These adverse developments may cause broad declines in market value due to short-term market movements or for significantly longer periods during more prolonged market downturns. Index investing: Although the adviser seeks to match or incrementally exceed the performance of the index using quantitative models and the analysis of specific metrics to construct the fund’s portfolio, holdings are generally not reallocated based on changes in market conditions or outlook for a specific security, industry, or market sector. The overweighting or underweighting of certain sectors by the adviser may cause the fund to underperform similar index funds. Tracking error: The fund’s attempt to achieve an incremental return above the index could result in a greater chance of tracking error when compared with a fund that strictly follows a passive indexing strategy. Index funds are generally subject to the risk that their returns will be slightly below the returns of the index they are designed to track (referred to as “tracking error”) because the funds incur fees and transaction expenses while an index has no fees or expenses. The fund may experience tracking error due to changes in the composition of the index or the timing of purchases and redemptions of fund shares, or because it does not attempt to fully replicate the index. In addition, relying on quantitative models entails the risk that the models may be limited or incorrect, the data on which the models rely may be incorrect or incomplete, or the models may not be implemented as intended by the adviser, all of which could increase the fund’s tracking error. Interest rates: A rise in interest rates typically causes the price of a fixed rate debt instrument to fall and its yield to rise. Conversely, a decline in interest rates typically causes the price of a fixed rate debt instrument to rise and the yield to fall. The prices and yields of inflation-linked bonds are directly impacted by the rate of inflation as well as changes in interest rates. Generally, funds with longer weighted average maturities and durations carry greater interest rate risk. Changes in monetary policy made by central banks and/or governments are likely to affect the interest rates or yields of the securities in which the fund invests. Derivatives: The use of derivatives exposes the fund to additional volatility and potential losses and the fund may not achieve the purpose of using the derivative. A derivative involves risks different from, and possibly greater than, the risks associated with investing directly in the reference or assets on which the derivative is based, including liquidity risk, valuation risk, correlation risk, market risk, interest rate risk, leverage risk, counterparty and credit risk, operational risk, management risk, legal risk, and regulatory risk. Derivatives can be highly volatile, illiquid, and difficult to value, and changes in the value of a derivative may not properly correlate with changes in the value of the underlying asset, reference rate, or index. The fund could be exposed to significant losses if it is unable to close a derivatives position due to the lack of a liquid secondary trading market. The prices of derivatives may move in unexpected ways, especially in abnormal market conditions. Derivatives also expose the fund to settlement risk, such as if the fund is required to acquire, buy, or sell the underlying reference or asset at an undesirable price, has challenges with offsetting transactions, or risks associated with cash settlement. Certain derivatives are also subject to counterparty risk, which is the risk that the derivative counterparty will not fulfill its contractual obligations. The use of derivatives includes the risk of potential operational issues. Derivatives are exposed to legal risks, such as the legality or enforceability of a contract. The adviser may not be able to accurately predict the direction of prices, economic factors, or other associated risks which could cause loss in value or impair the fund’s efforts to reduce overall volatility. New regulations may make derivatives more costly, limit availability, or otherwise affect their value or performance. Credit quality: An issuer of a debt instrument could suffer an adverse change in financial condition that results in a payment default (failure to make scheduled interest or principal payments), rating downgrade, or inability to meet a financial obligation. Securities that are rated below investment grade carry greater risk of default and should be considered speculative. Liquidity: The fund may not be able to meet requests to redeem shares issued by the fund without significant dilution of the remaining shareholders’ interests in the fund. In addition, the fund may not be able to sell a holding in a timely manner at a desired price. Reduced liquidity in the bond markets can result from a number of events, such as limited trading activity, reductions in bond inventory, and rapid or unexpected changes in interest rates. Markets with lower overall liquidity could lead to greater price volatility and limit the fund’s ability to sell a holding at a suitable price. Cybersecurity breaches: The fund could be harmed by intentional cyberattacks and other cybersecurity breaches, including unauthorized access to the fund’s assets, confidential information, or other proprietary information. In addition, a cybersecurity breach could cause one of the fund’s service providers or financial intermediaries to suffer unauthorized data access, data corruption, or loss of operational functionality. A cybersecurity breach could result in a loss for the fund or affect its ability to operate as intended either temporarily or for an extended period, which may include limits on the ability to obtain pricing information for the fund’s investments, calculate its net asset value, and satisfy redemptions. Performance The following performance information provides some indication of the risks of investing in the fund. The fund’s performance information represents only past performance (before and after taxes) and is not necessarily an indication of future results. The following bar chart illustrates how much returns can differ from year to year by showing calendar year returns and the best and worst calendar quarter returns during those years for the fund’s Investor Class. Returns for other share classes vary since they have different expenses. The following performance information provides some indication of the risks of investing in the fund.The following bar chart illustrates how much returns can differ from year to year by showing calendar year returns and the best and worst calendar quarter returns during those years for the fund’s Investor Class. Returns for other share classes vary since they have different expenses.The following table shows the average annual total returns for each class of the fund that has been in operation for at least one full calendar year. The fund’s performance information included in the table is compared with a regulatory required index that represents an overall securities market (Bloomberg U.S. Aggregate Bond Index). In addition, the table may also include one or more indexes that align to the fund’s investment strategy. The fund’s performance information represents only past performance (before and after taxes) and is not necessarily an indication of future results. <div id="xdx_A8D_eoef--BarChartTableTextBlock_z1pGAznFb78a"></div> <table cellpadding="0" cellspacing="0" id="xdx_A51_dU_zwSPx84q8CBg" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Annual Total Returns"> <tr style="display: none; vertical-align: bottom; text-align: center"> <th style="display: none">year</th> <th style="display: none">Returns</th></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; width: 50%">2021</td> <td id="xdx_98B_eoef--AnnlRtrPct_dp_c20210101__20211231__oef--ClassAxis__custom--C000222751Member_z150qaVsBle4" style="display: none; width: 50%">4.98%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2022</td> <td id="xdx_984_eoef--AnnlRtrPct_dp_c20220101__20221231__oef--ClassAxis__custom--C000222751Member_zxyqiwr82XMj" style="display: none">-5.04%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2023</td> <td id="xdx_981_eoef--AnnlRtrPct_dp_c20230101__20231231__oef--ClassAxis__custom--C000222751Member_zqMCkLKMT4ta" style="display: none">3.27%</td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none">2024</td> <td id="xdx_980_eoef--AnnlRtrPct_dp_c20240101__20241231__oef--ClassAxis__custom--C000222751Member_zn9DooY3Zvpj" style="display: none">4.15%</td></tr> <tr style="display: none"> <td style="display: none">2025</td> <td id="xdx_984_eoef--AnnlRtrPct_dp_c20250101__20251231__oef--ClassAxis__custom--C000222751Member_zDy0fIcPGbZk" style="display: none">6.32%</td></tr> </table> <img alt="" src="ldxprof1367003.jpg" style="height: 434px; width: 800px"/> 0.0498 -0.0504 0.0327 0.0415 0.0632 <div id="xdx_A87_eoef--BarChartClosingTextBlock_z40jl0gYnUlk"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; width: 80%; border-collapse: collapse; margin-right: auto"> <tr style="vertical-align: top; background-color: white"> <td style="white-space: nowrap; width: 9%; text-align: center"> </td> <td style="white-space: nowrap; width: 14%; text-align: center"> </td> <td style="white-space: nowrap; width: 15%; text-align: center">Quarter Ended</td> <td style="white-space: nowrap; width: 13%">Total Return</td> <td style="white-space: nowrap; width: 1%; text-align: center"> </td> <td style="white-space: nowrap; width: 15%; text-align: center"> </td> <td style="white-space: nowrap; width: 15%; text-align: center">Quarter Ended</td> <td style="white-space: nowrap; width: 13%">Total Return</td> <td style="white-space: nowrap; width: 5%; text-align: center"> </td></tr> <tr style="vertical-align: top"> <td style="white-space: nowrap; text-align: center"> </td> <td id="xdx_985_eoef--HighestQuarterlyReturnLabel_c20260727__20260727__dei--LegalEntityAxis__custom--S000069930Member_zKORg3oX0fL5" style="white-space: nowrap; background-color: #E6E6E6; text-align: center">Best Quarter</td> <td style="white-space: nowrap; background-color: #E6E6E6; text-align: center">3/31/25</td> <td id="xdx_98C_eoef--BarChartHighestQuarterlyReturn_dp_c20260727__20260727__dei--LegalEntityAxis__custom--S000069930Member_zvO4SjGEKVf5" style="white-space: nowrap; background-color: #E6E6E6; text-align: center">3.45%</td> <td style="white-space: nowrap; text-align: center"> </td> <td id="xdx_987_eoef--LowestQuarterlyReturnLabel_c20260727__20260727__dei--LegalEntityAxis__custom--S000069930Member_zRfgnkHIIpRi" style="white-space: nowrap; background-color: #E6E6E6; text-align: center">Worst Quarter</td> <td style="white-space: nowrap; background-color: #E6E6E6; text-align: center">9/30/22</td> <td id="xdx_984_eoef--BarChartLowestQuarterlyReturn_dp_c20260727__20260727__dei--LegalEntityAxis__custom--S000069930Member_zEXNB73cRcNi" style="white-space: nowrap; background-color: #E6E6E6; text-align: center">-3.71%</td> <td style="white-space: nowrap; text-align: center"> </td></tr> </table> The fund’s return for the six months ended 6/30/26 was 1.27%. Best Quarter 2025-03-31 0.0345 Worst Quarter 2022-09-30 -0.0371 The fund’s return for the six months ended 2026-06-30 0.0127 The following table shows the average annual total returns for each class of the fund that has been in operation for at least one full calendar year. The fund’s performance information included in the table is compared with a regulatory required index that represents an overall securities market (Bloomberg U.S. Aggregate Bond Index). In addition, the table may also include one or more indexes that align to the fund’s investment strategy. In addition, the table shows hypothetical after-tax returns to demonstrate how taxes paid by a shareholder may influence returns. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as a 401(k) account or an IRA. After-tax returns are shown only for the Investor Class and will differ for other share classes. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as a 401(k) account or an IRA. After-tax returns are shown only for the Investor Class and will differ for other share classes. <div id="xdx_A87_eoef--PerformanceTableTextBlock_z3IFeyFTzAPh"></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td colspan="8" id="xdx_988_eoef--PerformanceTableHeading_c20260727__20260727__dei--LegalEntityAxis__custom--S000069930Member_gBFPTH-LCJUYY_zcMv2NyixA7j" style="border-bottom: black 1pt solid; white-space: nowrap; padding-right: 0.5pt">Average Annual Total Returns </td> <td style="border-bottom: black 1pt solid; white-space: nowrap; padding-right: 0.5pt"> </td> <td style="border-bottom: black 1pt solid; white-space: nowrap; padding-right: 0.5pt"> </td> <td style="border-bottom: black 1pt solid; white-space: nowrap; padding-right: 0.5pt"> </td> <td colspan="2" style="border-bottom: black 1pt solid; white-space: nowrap; padding-right: 0.5pt"> </td> <td style="border-bottom: black 1pt solid; white-space: nowrap; padding-right: 0.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-left: black 1pt solid; white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td colspan="10" style="white-space: nowrap; padding-right: 0.5pt; text-align: center">Periods ended </td> <td style="border-right: black 1pt solid; white-space: nowrap; padding-right: 0.5pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-left: black 1pt solid; white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td colspan="10" style="white-space: nowrap; padding-right: 0.5pt; text-align: center">December 31, 2025</td> <td style="border-right: black 1pt solid; white-space: nowrap; padding-right: 0.5pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-left: black 1pt solid; white-space: nowrap; padding-right: 0.5pt; width: 1%"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; width: 2%"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; width: 47%"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; text-align: center; width: 10%"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; text-align: center; width: 2%"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; text-align: center; width: 1%"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; text-align: center; width: 10%"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; text-align: center; width: 2%"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; text-align: center; width: 1%"> </td> <td style="padding-right: 0.5pt; text-align: center; width: 10%"> </td> <td style="padding-right: 0.5pt; text-align: center; width: 2%"> </td> <td style="padding-right: 0.5pt; text-align: center; width: 1%"> </td> <td style="padding-right: 0.5pt; text-align: center; width: 10%"> </td> <td style="border-right: black 1pt solid; padding-right: 0.5pt; text-align: center; width: 1%"> </td></tr> </table> <table cellpadding="0" cellspacing="0" id="xdx_A54_dU_zBN02Q3IM5F7" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Average Annual Total Returns"> <tr style="vertical-align: bottom"> <td style="border-left: black 1pt solid; white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td id="xdx_49A_20250101__20251231_zriA56ASl8Mh" style="white-space: nowrap; padding-right: 0.5pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; text-align: center"> </td> <td id="xdx_49A_20210101__20251231_zRy4nnvWbZAj" style="white-space: nowrap; padding-right: 0.5pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; text-align: center"> </td> <td colspan="2" id="xdx_49D_20201102__20251231_zfHvdnznVyM5" style="padding-right: 0.5pt; text-align: center">Since</td> <td colspan="3" style="padding-right: 0.5pt; text-align: center">Inception</td> <td style="border-right: black 1pt solid; padding-right: 0.5pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-left: black 1pt solid; white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; text-align: right">1 Year</td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; text-align: right">5 Years</td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; text-align: center"> </td> <td colspan="2" style="padding-right: 0.5pt; text-align: center">inception</td> <td colspan="3" style="padding-right: 0.5pt; text-align: center">date</td> <td style="border-right: black 1pt solid; padding-right: 0.5pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-left: black 1pt solid; white-space: nowrap; padding-right: 0.5pt"> </td> <td colspan="2" style="white-space: nowrap; padding-right: 0.5pt">Investor Class</td> <td style="white-space: nowrap; padding-right: 0.5pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td colspan="3" style="padding-right: 0.5pt; text-align: center">11/02/2020</td> <td style="border-right: black 1pt solid; white-space: nowrap; padding-right: 0.5pt"> </td></tr> <tr id="xdx_409_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000222751Member_zZhuUAoHcv87" style="vertical-align: bottom"> <td style="border-left: black 1pt solid; white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt">Returns before taxes</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt; text-align: right">6.32</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt">%</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt; text-align: right">2.66</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt">%</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt; text-align: right">2.89</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt">%</td> <td colspan="3" style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt; text-align: center"> </td> <td style="border-right: black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt"> </td></tr> <tr id="xdx_40F_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000222751Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_zxR9tS5719h4"> <td style="border-left: black 1pt solid; white-space: nowrap; vertical-align: bottom; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 0.5pt">Returns after taxes on distributions</td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt; text-align: right">4.36</td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="vertical-align: top; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt; text-align: right">0.74</td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt; text-align: right">1.03</td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td colspan="3" style="white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt; text-align: center"> </td> <td style="border-right: black 1pt solid; white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-left: black 1pt solid; white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt">Returns after taxes on distributions and sale</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt; text-align: right"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt; text-align: right"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td colspan="3" style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt; text-align: center"> </td> <td style="border-right: black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt"> </td></tr> <tr id="xdx_40B_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000222751Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_ztAllX9VKdp7"> <td style="border-left: black 1pt solid; white-space: nowrap; vertical-align: bottom; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; vertical-align: top; padding-right: 0.5pt">of fund shares</td> <td style="white-space: nowrap; vertical-align: top; background-color: #E6E6E6; padding-right: 0.5pt; text-align: right">3.73</td> <td style="white-space: nowrap; vertical-align: top; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; vertical-align: top; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; vertical-align: top; background-color: #E6E6E6; padding-right: 0.5pt; text-align: right">1.20</td> <td style="white-space: nowrap; vertical-align: top; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; vertical-align: top; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; vertical-align: top; background-color: #E6E6E6; padding-right: 0.5pt; text-align: right">1.40</td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td colspan="3" style="white-space: nowrap; vertical-align: top; background-color: #E6E6E6; padding-right: 0.5pt; text-align: center"> </td> <td style="border-right: black 1pt solid; white-space: nowrap; vertical-align: top; background-color: #E6E6E6; padding-right: 0.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-left: black 1pt solid; white-space: nowrap; padding-right: 0.5pt"> </td> <td colspan="2" style="white-space: nowrap; padding-right: 0.5pt">I Class</td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td colspan="3" style="padding-right: 0.5pt; text-align: center">11/02/2020</td> <td style="border-right: black 1pt solid; white-space: nowrap; padding-right: 0.5pt"> </td></tr> <tr id="xdx_40D_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000222752Member_zD8wJkmsdKca"> <td style="border-left: black 1pt solid; white-space: nowrap; vertical-align: bottom; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 0.5pt">Returns before taxes</td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt; text-align: right">6.42</td> <td style="white-space: nowrap; vertical-align: top; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; vertical-align: top; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt; text-align: right">2.76</td> <td style="white-space: nowrap; vertical-align: top; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; vertical-align: top; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt; text-align: right">2.99</td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td colspan="3" style="white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt; text-align: center"> </td> <td style="border-right: black 1pt solid; white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-left: black 1pt solid; white-space: nowrap; padding-right: 0.5pt"> </td> <td colspan="2" style="white-space: nowrap; padding-right: 0.5pt">Z Class</td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td colspan="3" style="padding-right: 0.5pt; text-align: center">11/02/2020</td> <td style="border-right: black 1pt solid; white-space: nowrap; padding-right: 0.5pt"> </td></tr> <tr id="xdx_405_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000222750Member_zyjJYyK8C6ja"> <td style="border-left: black 1pt solid; white-space: nowrap; vertical-align: bottom; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 0.5pt">Returns before taxes</td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt; text-align: right">6.42</td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="vertical-align: top; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt; text-align: right">2.88</td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt; text-align: right">3.10</td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td colspan="3" style="white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt; text-align: center"> </td> <td style="border-right: black 1pt solid; white-space: nowrap; vertical-align: bottom; background-color: #E6E6E6; padding-right: 0.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-left: black 1pt solid; white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td colspan="3" style="white-space: nowrap; padding-right: 0.5pt; text-align: center"> </td> <td style="border-right: black 1pt solid; white-space: nowrap; padding-right: 0.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-left: black 1pt solid; white-space: nowrap; padding-right: 0.5pt"> </td> <td colspan="8" style="padding-right: 0.5pt"> </td> <td colspan="4" style="white-space: nowrap; padding-right: 0.5pt; text-align: right"> </td> <td style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="border-right: black 1pt solid; white-space: nowrap; padding-right: 0.5pt"> </td></tr> <tr> <td style="border-left: black 1pt solid; white-space: nowrap; vertical-align: bottom; padding-right: 0.5pt"> </td> <td colspan="10" style="white-space: nowrap; vertical-align: top; padding-right: 0.5pt">Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes)</td> <td colspan="3" style="white-space: nowrap; vertical-align: bottom; padding-right: 0.5pt; text-align: center"> </td> <td style="border-right: black 1pt solid; white-space: nowrap; vertical-align: bottom; padding-right: 0.5pt"> </td></tr> <tr id="xdx_40F_eoef--AvgAnnlRtrPct_dp_hoef--PerformanceMeasureAxis__custom--BloombergUSAggregateBondIndexMember_zlOK5wqVcgB5" style="vertical-align: bottom"> <td style="border-left: black 1pt solid; white-space: nowrap; padding-right: 0.5pt"> </td> <td colspan="2" style="white-space: nowrap; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt; text-align: right">7.30</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt; text-align: right">-0.36</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt; text-align: right">-0.15</td> <td style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt">a</td> <td colspan="3" style="white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt; text-align: center"> </td> <td style="border-right: black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-left: black 1pt solid; white-space: nowrap; padding-right: 0.5pt; width: 1%"> </td> <td style="padding-right: 0.5pt; width: 1%"> </td> <td style="padding-right: 0.5pt; width: 47%"> </td> <td style="padding-right: 0.5pt; width: 10%"> </td> <td style="padding-right: 0.5pt; width: 2%"> </td> <td style="padding-right: 0.5pt; width: 1%"> </td> <td style="padding-right: 0.5pt; width: 10%"> </td> <td style="padding-right: 0.5pt; width: 2%"> </td> <td style="padding-right: 0.5pt; width: 1%"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; text-align: right; width: 10%"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; text-align: right; width: 2%"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; text-align: right; width: 1%"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; text-align: right; width: 1%"> </td> <td style="white-space: nowrap; padding-right: 0.5pt; width: 10%"> </td> <td style="border-right: black 1pt solid; white-space: nowrap; padding-right: 0.5pt; width: 1%"> </td></tr> <tr> <td style="border-left: black 1pt solid; white-space: nowrap; vertical-align: bottom; padding-right: 0.5pt"> </td> <td colspan="10" style="white-space: nowrap; vertical-align: top; padding-right: 0.5pt">Bloomberg U.S. 1-5 Year Treasury TIPS Indexb (reflects no deduction for fees, expenses, or taxes)</td> <td colspan="3" style="white-space: nowrap; vertical-align: bottom; padding-right: 0.5pt; text-align: center"> </td> <td style="border-right: black 1pt solid; white-space: nowrap; vertical-align: bottom; padding-right: 0.5pt"> </td></tr> <tr id="xdx_408_eoef--AvgAnnlRtrPct_dp_hoef--PerformanceMeasureAxis__custom--BloombergUs15YearTreasuryTipsIndexMember_zEEBxa2VZ2qd" style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; border-left: black 1pt solid; white-space: nowrap; padding-right: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-right: 0.5pt">b</td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt; text-align: right">6.55</td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt; text-align: right">3.32</td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt; text-align: right">3.54</td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt">a</td> <td colspan="3" style="border-bottom: Black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt; text-align: center"> </td> <td style="border-right: black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; background-color: #E6E6E6; padding-right: 0.5pt"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">a</td><td>Return since 11/2/20.</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">b</td><td style="text-align: left">Effective October 1, 2026, the fund will change its additional benchmark for comparing the fund’s performance from the Bloomberg U.S. 1-5 Year Treasury TIPS Index to the Bloomberg U.S. 0-5 Year Treasury TIPS Index.</td> </tr></table> Average Annual Total Returns Periods ended December 31, 2025 2020-11-02 0.0632 0.0266 0.0289 0.0436 0.0074 0.0103 0.0373 0.0120 0.0140 2020-11-02 0.0642 0.0276 0.0299 2020-11-02 0.0642 0.0288 0.0310 (reflects no deduction for fees, expenses, or taxes) 0.0730 -0.0036 -0.0015 0.0655 0.0332 0.0354 Effective October 1, 2026, the fund will change its additional benchmark for comparing the fund’s performance from the Bloomberg U.S. 1-5 Year Treasury TIPS Index to the Bloomberg U.S. 0-5 Year Treasury TIPS Index. Updated performance information is available through troweprice.com. troweprice.com Subject to certain exceptions and account minimums, accounts are charged an annual $20 fee. T. Rowe Price Associates, Inc., has contractually agreed (through July 31, 2028) to pay the operating expenses of the fund’s I Class excluding management fees; interest; expenses related to borrowings, taxes, and brokerage; nonrecurring, extraordinary expenses; and acquired fund fees and expenses (I Class Operating Expenses), to the extent the I Class Operating Expenses exceed 0.05% of the class’ average daily net assets. The agreement may only be terminated at any time after July 31, 2028, with approval by the fund’s Board of Directors. Any expenses paid under this agreement (and any applicable prior limitations) are subject to reimbursement to T. Rowe Price Associates, Inc., by the class whenever the I Class Operating Expenses are below 0.05%. However, the class will not reimburse T. Rowe Price Associates, Inc., more than three years from the date such amounts were initially waived or paid. The class may only reimburse T. Rowe Price Associates, Inc., if the reimbursement does not cause the I Class Operating Expenses (after the reimbursement is taken into account) to exceed the current expense limitation on I Class Operating Expenses (or the expense limitation in place at the time the amounts were waived or paid). T. Rowe Price Associates, Inc., has contractually agreed (through July 31, 2028) to waive its fees and/or bear any expenses (excluding interest; expenses related to borrowings, taxes, and brokerage; nonrecurring, extraordinary expenses; and acquired fund fees and expenses) that would cause the class’ ratio of expenses to average daily net assets to exceed 0.21%. The agreement may only be terminated at any time after July 31, 2028, with approval by the fund’s Board of Directors. Fees waived and expenses paid under this agreement (and any applicable prior limitations) are subject to reimbursement to T. Rowe Price Associates, Inc., by the class whenever the class’ expense ratio is below 0.21%. However, the class will not reimburse T. Rowe Price Associates, Inc., more than three years from the date such amounts were initially waived or paid. The class may only reimburse T. Rowe Price Associates, Inc., if the reimbursement does not cause the class’ expense ratio (after the reimbursement is taken into account) to exceed the class’ current expense limitation (or the expense limitation in place at the time the amounts were waived or paid). T. Rowe Price Associates, Inc., has contractually agreed to waive and/or bear all the Z Class’ expenses (excluding interest; expenses related to borrowings, taxes, and brokerage; nonrecurring, extraordinary expenses; and acquired fund fees and expenses) in their entirety. T. Rowe Price Associates, Inc., expects this fee waiver and/or expense reimbursement arrangement to remain in place indefinitely, and the agreement may only be amended or terminated with approval by the fund’s Board of Directors. Return since 11/2/20. Effective October 1, 2026, the fund will change its additional benchmark for comparing the fund’s performance from the Bloomberg U.S. 1-5 Year Treasury TIPS Index to the Bloomberg U.S. 0-5 Year Treasury TIPS Index.