0000858581falseN-CSRST. ROWE PRICE INDEX TRUST, INC.N-1A2026-06-3000008585812026-01-012026-06-300000858581trp:C000161835Member2026-01-012026-06-300000858581trp:C000161835Member2026-06-300000858581trp:C000161835Membertrp:IndustrialsBusinessServicesSectorMember2026-06-300000858581trp:C000161835Memberoef:InformationTechnologySectorMember2026-06-300000858581trp:C000161835Membertrp:FinancialsSectorMember2026-06-300000858581trp:C000161835Memberus-gaap:HealthcareSectorMember2026-06-300000858581trp:C000161835Memberoef:ConsumerDiscretionarySectorMember2026-06-300000858581trp:C000161835Membertrp:CommunicationServicesSectorMember2026-06-300000858581trp:C000161835Memberoef:MaterialsSectorMember2026-06-300000858581trp:C000161835Memberus-gaap:RealEstateSectorMember2026-06-300000858581trp:C000161835Memberus-gaap:EnergySectorMember2026-06-300000858581trp:C000161835Membertrp:InvestmentTypeOtherHoldingsGroupingSectorMember2026-06-300000858581trp:C000161835Membertrp:Top10HoldingSpaceExplorationTechnologiesBNYMinus84615Q103CTIMember2026-06-300000858581trp:C000161835Membertrp:Top10HoldingSnowflakeBNYMinus833445109CTIMember2026-06-300000858581trp:C000161835Membertrp:Top10HoldingBloomEnergyBNYMinus093712107CTIMember2026-06-300000858581trp:C000161835Membertrp:Top10HoldingCloudflareBNYMinus18915M107CTIMember2026-06-300000858581trp:C000161835Membertrp:Top10HoldingAsteraLabsBNYMinus04626A103CTIMember2026-06-300000858581trp:C000161835Membertrp:Top10HoldingSpotifyTechnologyBNYMinusBFZ1K46CTIMember2026-06-300000858581trp:C000161835Membertrp:Top10HoldingRocketLabBNYMinus773121108CTIMember2026-06-300000858581trp:C000161835Membertrp:Top10HoldingCheniereEnergyBNYMinus16411R208CTIMember2026-06-300000858581trp:C000161835Membertrp:Top10HoldingNUHoldingsBNYMinusBN6NP19CTIMember2026-06-300000858581trp:C000161835Membertrp:Top10HoldingFergusonEnterprisesBNYMinus31488V107CTIMember2026-06-300000858581trp:C000161836Member2026-01-012026-06-300000858581trp:C000161836Member2026-06-300000858581trp:C000161836Membertrp:IndustrialsBusinessServicesSectorMember2026-06-300000858581trp:C000161836Memberoef:InformationTechnologySectorMember2026-06-300000858581trp:C000161836Membertrp:FinancialsSectorMember2026-06-300000858581trp:C000161836Memberus-gaap:HealthcareSectorMember2026-06-300000858581trp:C000161836Memberoef:ConsumerDiscretionarySectorMember2026-06-300000858581trp:C000161836Membertrp:CommunicationServicesSectorMember2026-06-300000858581trp:C000161836Memberoef:MaterialsSectorMember2026-06-300000858581trp:C000161836Memberus-gaap:RealEstateSectorMember2026-06-300000858581trp:C000161836Memberus-gaap:EnergySectorMember2026-06-300000858581trp:C000161836Membertrp:InvestmentTypeOtherHoldingsGroupingSectorMember2026-06-300000858581trp:C000161836Membertrp:Top10HoldingSpaceExplorationTechnologiesBNYMinus84615Q103CTIMember2026-06-300000858581trp:C000161836Membertrp:Top10HoldingSnowflakeBNYMinus833445109CTIMember2026-06-300000858581trp:C000161836Membertrp:Top10HoldingBloomEnergyBNYMinus093712107CTIMember2026-06-300000858581trp:C000161836Membertrp:Top10HoldingCloudflareBNYMinus18915M107CTIMember2026-06-300000858581trp:C000161836Membertrp:Top10HoldingAsteraLabsBNYMinus04626A103CTIMember2026-06-300000858581trp:C000161836Membertrp:Top10HoldingSpotifyTechnologyBNYMinusBFZ1K46CTIMember2026-06-300000858581trp:C000161836Membertrp:Top10HoldingRocketLabBNYMinus773121108CTIMember2026-06-300000858581trp:C000161836Membertrp:Top10HoldingCheniereEnergyBNYMinus16411R208CTIMember2026-06-300000858581trp:C000161836Membertrp:Top10HoldingNUHoldingsBNYMinusBN6NP19CTIMember2026-06-300000858581trp:C000161836Membertrp:Top10HoldingFergusonEnterprisesBNYMinus31488V107CTIMember2026-06-300000858581trp:C000219328Member2026-01-012026-06-300000858581trp:C000219328Member2026-06-300000858581trp:C000219328Membertrp:IndustrialsBusinessServicesSectorMember2026-06-300000858581trp:C000219328Memberoef:InformationTechnologySectorMember2026-06-300000858581trp:C000219328Membertrp:FinancialsSectorMember2026-06-300000858581trp:C000219328Memberus-gaap:HealthcareSectorMember2026-06-300000858581trp:C000219328Memberoef:ConsumerDiscretionarySectorMember2026-06-300000858581trp:C000219328Membertrp:CommunicationServicesSectorMember2026-06-300000858581trp:C000219328Memberoef:MaterialsSectorMember2026-06-300000858581trp:C000219328Memberus-gaap:RealEstateSectorMember2026-06-300000858581trp:C000219328Memberus-gaap:EnergySectorMember2026-06-300000858581trp:C000219328Membertrp:InvestmentTypeOtherHoldingsGroupingSectorMember2026-06-300000858581trp:C000219328Membertrp:Top10HoldingSpaceExplorationTechnologiesBNYMinus84615Q103CTIMember2026-06-300000858581trp:C000219328Membertrp:Top10HoldingSnowflakeBNYMinus833445109CTIMember2026-06-300000858581trp:C000219328Membertrp:Top10HoldingBloomEnergyBNYMinus093712107CTIMember2026-06-300000858581trp:C000219328Membertrp:Top10HoldingCloudflareBNYMinus18915M107CTIMember2026-06-300000858581trp:C000219328Membertrp:Top10HoldingAsteraLabsBNYMinus04626A103CTIMember2026-06-300000858581trp:C000219328Membertrp:Top10HoldingSpotifyTechnologyBNYMinusBFZ1K46CTIMember2026-06-300000858581trp:C000219328Membertrp:Top10HoldingRocketLabBNYMinus773121108CTIMember2026-06-300000858581trp:C000219328Membertrp:Top10HoldingCheniereEnergyBNYMinus16411R208CTIMember2026-06-300000858581trp:C000219328Membertrp:Top10HoldingNUHoldingsBNYMinusBN6NP19CTIMember2026-06-300000858581trp:C000219328Membertrp:Top10HoldingFergusonEnterprisesBNYMinus31488V107CTIMember2026-06-30iso4217:USDxbrli:sharesiso4217:USDxbrli:sharesxbrli:pureutr:Dtrp:Holding

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act File Number: 811-05986

T. Rowe Price Index Trust, Inc.

 

(Exact name of registrant as specified in charter)

1307 Point Street, Baltimore, MD 21231

 

(Address of principal executive offices)

David Oestreicher

1307 Point Street, Baltimore, MD 21231

 

(Name and address of agent for service)

Registrant’s telephone number, including area code: (410) 345-2000

Date of fiscal year end:  December 31

Date of reporting period:  June 30, 2026


Item 1. Reports to Shareholders

(a) Report pursuant to Rule 30e-1

Image

Semi-Annual Shareholder Report

June 30, 2026

Mid-Cap Index Fund

Investor Class (TRMNX)

This semi-annual shareholder report contains important information about Mid-Cap Index Fund (the "fund") for the period of January 1, 2026 to June 30, 2026. You can find the fund’s prospectus, financial information on Form N‑CSR (which includes required tax information for dividends), holdings, proxy voting information, and other information atwww.troweprice.com/prospectus. You can also request this information without charge by contacting T. Rowe Price at 1‑800‑638‑5660 or info@troweprice.com or contacting your intermediary. 

What were the fund costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
 
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Mid-Cap Index Fund - Investor Class
$14
0.27%

What are some fund statistics?

Fund Statistics

Table Summary
Total Net Assets (000s)
$503,746
Number of Portfolio Holdings
526
Table Summary
Portfolio Turnover Rate
35.0%

What did the fund invest in?

Sector Allocation (as a % of Net Assets)

Table Summary
Industrials & Business Services
23.6%
Information Technology
20.5
Financials
13.1
Health Care
10.2
Consumer Discretionary
9.3
Communication Services
6.3
Materials
4.8
Real Estate
4.5
Energy
3.4
Other
4.3

Top Ten Holdings (as a % of Net Assets)

Table Summary
Space Exploration Technologies
1.6%
Snowflake
1.5
Bloom Energy
1.4
Cloudflare
1.4
Astera Labs
1.3
Spotify Technology
1.3
Rocket Lab
1.0
Cheniere Energy
0.9
NU Holdings
0.8
Ferguson Enterprises
0.8

If you invest directly with T. Rowe Price, you can elect to receive future shareholder reports or other important documents through electronic delivery by enrolling at www.troweprice.com/paperless. If you invest through a financial intermediary such as an investment advisor, a bank, retirement plan sponsor or a brokerage firm, please contact that organization and ask if it can provide electronic delivery.

Visit www.troweprice.com/en/us/market-data-disclosures for additional legal notices & disclaimers.

202505-4461501

F32-053 8/26

Mid-Cap Index Fund 

Investor Class (TRMNX)

T. Rowe Price Investment Services, Inc.

1307 Point Street

Baltimore, Maryland 21231

Image
Image

Semi-Annual Shareholder Report

June 30, 2026

Mid-Cap Index Fund

I Class (TRMSX)

This semi-annual shareholder report contains important information about Mid-Cap Index Fund (the "fund") for the period of January 1, 2026 to June 30, 2026. You can find the fund’s prospectus, financial information on Form N‑CSR (which includes required tax information for dividends), holdings, proxy voting information, and other information atwww.troweprice.com/prospectus. You can also request this information without charge by contacting T. Rowe Price at 1‑800‑638‑5660 or info@troweprice.com or contacting your intermediary. 

What were the fund costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
 
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Mid-Cap Index Fund - I Class
$7
0.14%

What are some fund statistics?

Fund Statistics

Table Summary
Total Net Assets (000s)
$503,746
Number of Portfolio Holdings
526
Table Summary
Portfolio Turnover Rate
35.0%

What did the fund invest in?

Sector Allocation (as a % of Net Assets)

Table Summary
Industrials & Business Services
23.6%
Information Technology
20.5
Financials
13.1
Health Care
10.2
Consumer Discretionary
9.3
Communication Services
6.3
Materials
4.8
Real Estate
4.5
Energy
3.4
Other
4.3

Top Ten Holdings (as a % of Net Assets)

Table Summary
Space Exploration Technologies
1.6%
Snowflake
1.5
Bloom Energy
1.4
Cloudflare
1.4
Astera Labs
1.3
Spotify Technology
1.3
Rocket Lab
1.0
Cheniere Energy
0.9
NU Holdings
0.8
Ferguson Enterprises
0.8

If you invest directly with T. Rowe Price, you can elect to receive future shareholder reports or other important documents through electronic delivery by enrolling at www.troweprice.com/paperless. If you invest through a financial intermediary such as an investment advisor, a bank, retirement plan sponsor or a brokerage firm, please contact that organization and ask if it can provide electronic delivery.

Visit www.troweprice.com/en/us/market-data-disclosures for additional legal notices & disclaimers.

202505-4461501

F534-053 8/26

Mid-Cap Index Fund 

I Class (TRMSX)

T. Rowe Price Investment Services, Inc.

1307 Point Street

Baltimore, Maryland 21231

Image
Image

Semi-Annual Shareholder Report

June 30, 2026

Mid-Cap Index Fund

Z Class (TRSZX)

This semi-annual shareholder report contains important information about Mid-Cap Index Fund (the "fund") for the period of January 1, 2026 to June 30, 2026. You can find the fund’s prospectus, financial information on Form N‑CSR (which includes required tax information for dividends), holdings, proxy voting information, and other information atwww.troweprice.com/prospectus. You can also request this information without charge by contacting T. Rowe Price at 1‑800‑638‑5660 or info@troweprice.com or contacting your intermediary. 

What were the fund costs for the last six months? (based on a hypothetical $10,000 investment)

Table Summary
 
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Mid-Cap Index Fund - Z Class
$0
0.00%

What are some fund statistics?

Fund Statistics

Table Summary
Total Net Assets (000s)
$503,746
Number of Portfolio Holdings
526
Table Summary
Portfolio Turnover Rate
35.0%

What did the fund invest in?

Sector Allocation (as a % of Net Assets)

Table Summary
Industrials & Business Services
23.6%
Information Technology
20.5
Financials
13.1
Health Care
10.2
Consumer Discretionary
9.3
Communication Services
6.3
Materials
4.8
Real Estate
4.5
Energy
3.4
Other
4.3

Top Ten Holdings (as a % of Net Assets)

Table Summary
Space Exploration Technologies
1.6%
Snowflake
1.5
Bloom Energy
1.4
Cloudflare
1.4
Astera Labs
1.3
Spotify Technology
1.3
Rocket Lab
1.0
Cheniere Energy
0.9
NU Holdings
0.8
Ferguson Enterprises
0.8

If you invest directly with T. Rowe Price, you can elect to receive future shareholder reports or other important documents through electronic delivery by enrolling at www.troweprice.com/paperless. If you invest through a financial intermediary such as an investment advisor, a bank, retirement plan sponsor or a brokerage firm, please contact that organization and ask if it can provide electronic delivery.

Visit www.troweprice.com/en/us/market-data-disclosures for additional legal notices & disclaimers.

202505-4461501

F1261-053 8/26

Mid-Cap Index Fund 

Z Class (TRSZX)

T. Rowe Price Investment Services, Inc.

1307 Point Street

Baltimore, Maryland 21231

Image


Item 1. (b) Notice pursuant to Rule 30e-3.

Not applicable.

Item 2. Code of Ethics.

A code of ethics, as defined in Item 2 of Form N-CSR, applicable to its principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions is filed as an exhibit to the registrant’s annual Form N-CSR. No substantive amendments were approved or waivers were granted to this code of ethics during the registrant’s most recent fiscal half-year.

Item 3. Audit Committee Financial Expert.

Disclosure required in registrant’s annual Form N-CSR.

Item 4. Principal Accountant Fees and Services.

Disclosure required in registrant’s annual Form N-CSR.

Item 5. Audit Committee of Listed Registrants.

Not applicable.

Item 6. Investments.

(a) Not applicable. The complete schedule of investments is included in Item 7 of this Form N-CSR.

(b) Not applicable.

Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.

(a – b) Report pursuant to Regulation S-X.

 


Financial
Highlights
Portfolio
of
Investments
Financial
Statements
and
Notes
Additional
Fund
Information
June
30,
2026
Financial
Statements
and
Other
Information
For
more
insights
from
T.
Rowe
Price
investment
professionals,
go
to
troweprice.com
.
T.
ROWE
PRICE
TRMNX
Mid-Cap
Index
Fund
TRMSX
Mid-Cap
Index
Fund–
.
I Class
TRSZX
Mid-Cap
Index
Fund–
.
Z Class
T.
ROWE
PRICE
Mid-Cap
Index
Fund
Unaudited
Financial
Highlights
2
For
a
share
outstanding
throughout
each
period
Investor
Class
6
Months
.
Ended
6/30/26
..
Year
..
..
Ended
.
12/31/25
12/31/24
12/31/23
12/31/22
12/31/21
NET
ASSET
VALUE
Beginning
of
period
$
22
.10‌
$
20
.84‌
$
17
.65‌
$
13
.72‌
$
19
.55‌
$
18
.37‌
Investment
activities
Net
investment
income
(1)(2)
0
.10‌
0
.16‌
0
.15‌
0
.15‌
0
.16‌
0
.13‌
Net
realized
and
unrealized
gain/
loss
3
.12‌
2
.49‌
3
.37‌
3
.91‌
(
5
.74‌
)
1
.82‌
Total
from
investment
activities
3
.22‌
2
.65‌
3
.52‌
4
.06‌
(
5
.58‌
)
1
.95‌
Distributions
Net
investment
income
—‌
(
0
.17‌
)
(
0
.10‌
)
(
0
.13‌
)
(
0
.14‌
)
(
0
.11‌
)
Net
realized
gain
—‌
(
1
.22‌
)
(
0
.23‌
)
—‌
(
0
.11‌
)
(
0
.66‌
)
Total
distributions
—‌
(
1
.39‌
)
(
0
.33‌
)
(
0
.13‌
)
(
0
.25‌
)
(
0
.77‌
)
NET
ASSET
VALUE
End
of
period
$
25
.32‌
$
22
.10‌
$
20
.84‌
$
17
.65‌
$
13
.72‌
$
19
.55‌
T.
ROWE
PRICE
Mid-Cap
Index
Fund
Unaudited
Financial
Highlights
3
For
a
share
outstanding
throughout
each
period
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
Investor
Class
6
Months
.
Ended
6/30/26
..
Year
..
..
Ended
.
12/31/25
12/31/24
12/31/23
12/31/22
12/31/21
Ratios/Supplemental
Data
Total
return
(2)(3)
14
.57‌
%
12
.54‌
%
19
.84‌
%
29
.65‌
%
(
28
.63‌
)
%
10
.69‌
%
Ratios
to
average
net
assets:
(2)
Gross
expenses
before
waivers/
payments
by
Price
Associates
0
.75‌
%
(4)
0
.90‌
%
0
.30‌
%
0
.35‌
%
2
.54‌
%
1
.46‌
%
Net
expenses
after
waivers/
payments
by
Price
Associates
0
.27‌
%
(4)
0
.27‌
%
0
.27‌
%
0
.27‌
%
0
.27‌
%
0
.30‌
%
Net
investment
income
0
.85‌
%
(4)
0
.74‌
%
0
.82‌
%
0
.99‌
%
1
.00‌
%
0
.69‌
%
Portfolio
turnover
rate
35
.0‌
%
39
.3‌
%
31
.7‌
%
29
.5‌
%
23
.4‌
%
34
.7‌
%
Net
assets,
end
of
period
(in
thousands)
$125
$109
$103
$214
$166
$237
0‌
%
0‌
%
0‌
%
0‌
%
0‌
%
0‌
%
(1)
Per
share
amounts
calculated
using
average
shares
outstanding
method.
(2)
Includes
the
impact
of
expense-related
arrangements
with
Price
Associates.
(3)
Total
return
reflects
the
rate
that
an
investor
would
have
earned
on
an
investment
in
the
fund
during
each
period,
assuming
reinvestment
of
all
distributions,
and
payment
of
no
redemption
or
account
fees,
if
applicable.
Total
return
is
not
annualized
for
periods
less
than
one
year.
(4)
Annualized
T.
ROWE
PRICE
Mid-Cap
Index
Fund
Unaudited
Financial
Highlights
4
For
a
share
outstanding
throughout
each
period
I
Class
6
Months
.
Ended
6/30/26
..
Year
..
..
Ended
.
12/31/25
12/31/24
12/31/23
12/31/22
12/31/21
NET
ASSET
VALUE
Beginning
of
period
$
22
.08‌
$
20
.85‌
$
17
.70‌
$
13
.75‌
$
19
.60‌
$
18
.42‌
Investment
activities
Net
investment
income
(1)(2)
0
.11‌
0
.22‌
0
.19‌
0
.17‌
0
.18‌
0
.18‌
Net
realized
and
unrealized
gain/
loss
3
.13‌
2
.44‌
3
.37‌
3
.93‌
(
5
.76‌
)
1
.79‌
Total
from
investment
activities
3
.24‌
2
.66‌
3
.56‌
4
.10‌
(
5
.58‌
)
1
.97‌
Distributions
Net
investment
income
—‌
(
0
.21‌
)
(
0
.18‌
)
(
0
.15‌
)
(
0
.16‌
)
(
0
.13‌
)
Net
realized
gain
—‌
(
1
.22‌
)
(
0
.23‌
)
—‌
(
0
.11‌
)
(
0
.66‌
)
Total
distributions
—‌
(
1
.43‌
)
(
0
.41‌
)
(
0
.15‌
)
(
0
.27‌
)
(
0
.79‌
)
NET
ASSET
VALUE
End
of
period
$
25
.32‌
$
22
.08‌
$
20
.85‌
$
17
.70‌
$
13
.75‌
$
19
.60‌
T.
ROWE
PRICE
Mid-Cap
Index
Fund
Unaudited
Financial
Highlights
5
For
a
share
outstanding
throughout
each
period
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
I
Class
6
Months
.
Ended
6/30/26
..
Year
..
..
Ended
.
12/31/25
12/31/24
12/31/23
12/31/22
12/31/21
Ratios/Supplemental
Data
Total
return
(2)(3)
14
.67‌
%
12
.57‌
%
19
.99‌
%
29
.87‌
%
(
28
.57‌
)
%
10
.77‌
%
Ratios
to
average
net
assets:
(2)
Gross
expenses
before
waivers/
payments
by
Price
Associates
0
.22‌
%
(4)
0
.25‌
%
0
.30‌
%
0
.40‌
%
0
.44‌
%
0
.56‌
%
Net
expenses
after
waivers/
payments
by
Price
Associates
0
.14‌
%
(4)
0
.14‌
%
0
.14‌
%
0
.14‌
%
0
.14‌
%
0
.16‌
%
Net
investment
income
0
.98‌
%
(4)
1
.00‌
%
0
.98‌
%
1
.12‌
%
1
.15‌
%
0
.86‌
%
Portfolio
turnover
rate
35
.0‌
%
39
.3‌
%
31
.7‌
%
29
.5‌
%
23
.4‌
%
34
.7‌
%
Net
assets,
end
of
period
(in
thousands)
$183,395
$157,396
$138,433
$114,837
$80,256
$90,604
0‌
%
0‌
%
0‌
%
0‌
%
0‌
%
0‌
%
(1)
Per
share
amounts
calculated
using
average
shares
outstanding
method.
(2)
Includes
the
impact
of
expense-related
arrangements
with
Price
Associates.
(3)
Total
return
reflects
the
rate
that
an
investor
would
have
earned
on
an
investment
in
the
fund
during
each
period,
assuming
reinvestment
of
all
distributions,
and
payment
of
no
redemption
or
account
fees,
if
applicable.
Total
return
is
not
annualized
for
periods
less
than
one
year.
(4)
Annualized
T.
ROWE
PRICE
Mid-Cap
Index
Fund
Unaudited
Financial
Highlights
6
For
a
share
outstanding
throughout
each
period
Z
Class
6
Months
.
Ended
6/30/26
..
Year
..
..
Ended
.
12/31/25
12/31/24
12/31/23
12/31/22
12/31/21
NET
ASSET
VALUE
Beginning
of
period
$
22
.10‌
$
20
.86‌
$
17
.71‌
$
13
.75‌
$
19
.60‌
$
18
.41‌
Investment
activities
Net
investment
income
(1)(2)
0
.13‌
0
.25‌
0
.22‌
0
.20‌
0
.21‌
0
.22‌
Net
realized
and
unrealized
gain/
loss
3
.13‌
2
.45‌
3
.37‌
3
.93‌
(
5
.77‌
)
1
.79‌
Total
from
investment
activities
3
.26‌
2
.70‌
3
.59‌
4
.13‌
(
5
.56‌
)
2
.01‌
Distributions
Net
investment
income
—‌
(
0
.24‌
)
(
0
.21‌
)
(
0
.17‌
)
(
0
.18‌
)
(
0
.16‌
)
Net
realized
gain
—‌
(
1
.22‌
)
(
0
.23‌
)
—‌
(
0
.11‌
)
(
0
.66‌
)
Total
distributions
—‌
(
1
.46‌
)
(
0
.44‌
)
(
0
.17‌
)
(
0
.29‌
)
(
0
.82‌
)
NET
ASSET
VALUE
End
of
period
$
25
.36‌
$
22
.10‌
$
20
.86‌
$
17
.71‌
$
13
.75‌
$
19
.60‌
T.
ROWE
PRICE
Mid-Cap
Index
Fund
Unaudited
Financial
Highlights
7
For
a
share
outstanding
throughout
each
period
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
Z
Class
6
Months
.
Ended
6/30/26
..
Year
..
..
Ended
.
12/31/25
12/31/24
12/31/23
12/31/22
12/31/21
Ratios/Supplemental
Data
Total
return
(2)(3)
14
.75‌
%
12
.75‌
%
20
.12‌
%
30
.09‌
%
(
28
.47‌
)
%
11
.00‌
%
Ratios
to
average
net
assets:
(2)
Gross
expenses
before
waivers/
payments
by
Price
Associates
0
.18‌
%
(4)
0
.21‌
%
0
.25‌
%
0
.32‌
%
0
.40‌
%
0
.60‌
%
Net
expenses
after
waivers/
payments
by
Price
Associates
0
.00‌
%
(4)
0
.00‌
%
0
.00‌
%
0
.00‌
%
0
.00‌
%
0
.01‌
%
Net
investment
income
1
.15‌
%
(4)
1
.16‌
%
1
.15‌
%
1
.31‌
%
1
.37‌
%
1
.09‌
%
Portfolio
turnover
rate
35
.0‌
%
39
.3‌
%
31
.7‌
%
29
.5‌
%
23
.4‌
%
34
.7‌
%
Net
assets,
end
of
period
(in
thousands)
$320,226
$189,960
$96,405
$37,136
$11,404
$1,132
0‌
%
0‌
%
0‌
%
0‌
%
0‌
%
0‌
%
(1)
Per
share
amounts
calculated
using
average
shares
outstanding
method.
(2)
Includes
the
impact
of
expense-related
arrangements
with
Price
Associates.
(3)
Total
return
reflects
the
rate
that
an
investor
would
have
earned
on
an
investment
in
the
fund
during
each
period,
assuming
reinvestment
of
all
distributions,
and
payment
of
no
redemption
or
account
fees,
if
applicable.
Total
return
is
not
annualized
for
periods
less
than
one
year.
(4)
Annualized
T.
ROWE
PRICE
Mid-Cap
Index
Fund
June
30,
2026
Unaudited
8
Portfolio
of
Investments
Shares
$
Value
(Cost
and
value
in
$000s)
COMMON
STOCKS
 99.7%
COMMUNICATION
SERVICES
 6.3%
Diversified
Telecommunication
Services
 2.2%
AST
SpaceMobile (1)(2)
22,797‌
2,026‌
Globalstar (1)
4,587‌
373‌
Iridium
Communications 
8,270‌
454‌
Liberty
Global,
Class
A (1)
14,822‌
168‌
Liberty
Global,
Class
C (1)
11,336‌
125‌
Space
Exploration
Technologies,
Class
A (1)
47,123‌
8,051‌
11,197‌
Entertainment
 2.7%
Liberty
Media
Corp-Liberty
Formula
One,
Class
A (1)
2,074‌
181‌
Liberty
Media
Corp-Liberty
Formula
One,
Class
C (1)
19,348‌
1,841‌
Madison
Square
Garden
Sports (1)
1,443‌
580‌
ROBLOX,
Class
A (1)
56,564‌
3,076‌
Roku (1)
11,627‌
1,606‌
Spotify
Technology (1)
14,068‌
6,459‌
13,743‌
Interactive
Media
&
Services
 0.8%
Match
Group 
20,597‌
784‌
People (1)
5,575‌
257‌
Pinterest,
Class
A (1)
43,414‌
913‌
Reddit,
Class
A (1)
11,882‌
2,062‌
4,016‌
Media
 0.5%
Liberty
Broadband,
Class
A (1)
1,495‌
50‌
Liberty
Broadband,
Class
C (1)
10,196‌
339‌
New
York
Times,
Class
13,649‌
955‌
Nexstar
Media
Group 
2,574‌
460‌
NIQ
Global
Intelligence (1)(2)
5,182‌
48‌
Sirius
XM
Holdings 
15,983‌
472‌
Versant
Media
Group 
12,742‌
459‌
2,783‌
Wireless
Telecommunication
Services
 0.1%
Millicom
International
Cellular 
8,015‌
727‌
727‌
Total
Communication
Services
32,466‌
CONSUMER
DISCRETIONARY
 9.3%
Automobile
Components
 0.5%
BorgWarner 
18,243‌
1,211‌
T.
ROWE
PRICE
Mid-Cap
Index
Fund
9
Shares
$
Value
(Cost
and
value
in
$000s)
Gentex 
19,180‌
485‌
Lear 
4,477‌
600‌
QuantumScape (1)(2)
43,994‌
333‌
2,629‌
Automobiles
 0.3%
Rivian
Automotive,
Class
A (1)
74,901‌
1,300‌
Thor
Industries (2)
4,418‌
332‌
1,632‌
Broadline
Retail
 0.7%
Coupang (1)
110,968‌
1,928‌
Dillard's,
Class
A (2)
281‌
148‌
Etsy (1)
8,310‌
626‌
Macy's 
23,358‌
550‌
Ollie's
Bargain
Outlet
Holdings (1)
5,397‌
415‌
3,667‌
Distributors
 0.2%
LKQ 
22,514‌
593‌
Pool 
2,851‌
612‌
1,205‌
Diversified
Consumer
Services
 0.7%
ADT 
49,350‌
321‌
Bright
Horizons
Family
Solutions (1)
4,603‌
326‌
Duolingo (1)
3,477‌
400‌
Grand
Canyon
Education (1)
2,278‌
326‌
H&R
Block 
11,337‌
432‌
Liberty
Live
Holdings,
Class
A (1)
1,719‌
174‌
Liberty
Live
Holdings,
Class
C (1)
4,295‌
454‌
Service
Corp.
International 
11,889‌
903‌
3,336‌
Hotels,
Restaurants
&
Leisure
 2.9%
Aramark 
23,326‌
1,327‌
Boyd
Gaming 
4,612‌
407‌
Caesars
Entertainment (1)
18,166‌
548‌
Cava
Group (1)
8,902‌
699‌
Choice
Hotels
International (2)
2,446‌
270‌
Churchill
Downs 
5,914‌
530‌
DraftKings,
Class
A (1)
42,269‌
1,068‌
Dutch
Bros,
Class
A (1)
10,403‌
747‌
Flutter
Entertainment (1)
12,613‌
1,289‌
Hyatt
Hotels,
Class
A (2)
3,517‌
682‌
Planet
Fitness,
Class
A (1)
6,942‌
362‌
T.
ROWE
PRICE
Mid-Cap
Index
Fund
10
Shares
$
Value
(Cost
and
value
in
$000s)
Restaurant
Brands
International (2)
30,542‌
2,215‌
Texas
Roadhouse 
5,852‌
1,131‌
Travel
+
Leisure 
5,354‌
409‌
Vail
Resorts (2)
3,164‌
431‌
Viking
Holdings (1)
15,772‌
1,651‌
Wingstop 
2,412‌
418‌
Wyndham
Hotels
&
Resorts 
6,584‌
554‌
14,738‌
Household
Durables
 1.1%
Mohawk
Industries (1)
4,506‌
547‌
SharkNinja (1)
7,421‌
1,130‌
Somnigroup
International 
18,128‌
1,421‌
Toll
Brothers 
8,394‌
1,383‌
TopBuild (1)(2)
2,485‌
881‌
Whirlpool (2)
5,516‌
217‌
5,579‌
Leisure
Products
 0.2%
Brunswick 
5,820‌
490‌
Mattel (1)
25,346‌
352‌
YETI
Holdings (1)
6,615‌
328‌
1,170‌
Specialty
Retail
 2.1%
AutoNation (1)
2,224‌
413‌
Bath
&
Body
Works 
18,166‌
420‌
Burlington
Stores (1)
5,578‌
1,767‌
CarMax (1)
12,547‌
664‌
Chewy,
Class
A (1)
20,784‌
408‌
Dick's
Sporting
Goods (2)
5,625‌
1,276‌
Five
Below (1)
4,812‌
865‌
Floor
&
Decor
Holdings,
Class
A (1)
9,577‌
568‌
GameStop,
Class
A (1)
36,316‌
802‌
Gap 
20,102‌
375‌
Lithia
Motors (2)
1,991‌
578‌
Murphy
USA 
1,482‌
799‌
Penske
Automotive
Group 
1,552‌
278‌
Valvoline (1)
11,478‌
454‌
Wayfair,
Class
A (1)
9,226‌
853‌
10,520‌
Textiles,
Apparel
&
Luxury
Goods
 0.6%
Amer
Sports (1)
16,279‌
551‌
Birkenstock
Holding (1)(2)
3,528‌
152‌
Columbia
Sportswear 
1,887‌
116‌
T.
ROWE
PRICE
Mid-Cap
Index
Fund
11
Shares
$
Value
(Cost
and
value
in
$000s)
Crocs (1)
4,350‌
525‌
On
Holding,
Class
A (1)
20,043‌
710‌
PVH 
3,983‌
296‌
VF 
31,603‌
527‌
2,877‌
Total
Consumer
Discretionary
47,353‌
CONSUMER
STAPLES
 2.5%
Beverages
 0.4%
Celsius
Holdings (1)
15,371‌
450‌
Coca-Cola
Consolidated 
5,023‌
959‌
Primo
Brands 
21,959‌
537‌
1,946‌
Consumer
Staples
Distribution
&
Retail
 1.2%
Albertsons,
Class
29,990‌
406‌
BJ's
Wholesale
Club
Holdings (1)
11,443‌
998‌
Maplebear (1)
13,579‌
643‌
Performance
Food
Group (1)
13,396‌
1,497‌
Sprouts
Farmers
Market (1)
8,299‌
702‌
U.S.
Foods
Holding (1)
19,528‌
1,997‌
6,243‌
Food
Products
 0.8%
Campbell's
Company (2)
17,660‌
393‌
Conagra
Brands 
42,108‌
567‌
Darling
Ingredients (1)
13,881‌
758‌
Freshpet (1)
4,251‌
251‌
Ingredion 
5,631‌
533‌
JBS,
Class
28,652‌
340‌
Lamb
Weston
Holdings 
11,872‌
513‌
Pilgrim's
Pride 
3,726‌
105‌
Post
Holdings (1)
3,569‌
315‌
Seaboard 
22‌
98‌
Smithfield
Foods 
4,043‌
98‌
3,971‌
Household
Products
 0.0%
Reynolds
Consumer
Products 
4,795‌
129‌
129‌
Personal
Care
Products
 0.1%
elf
Beauty (1)
5,071‌
375‌
375‌
Total
Consumer
Staples
12,664‌
T.
ROWE
PRICE
Mid-Cap
Index
Fund
12
Shares
$
Value
(Cost
and
value
in
$000s)
ENERGY
 3.4%
Energy
Equipment
&
Services
 0.7%
NOV 
31,663‌
587‌
TechnipFMC 
35,183‌
2,333‌
Weatherford
International 
6,353‌
518‌
3,438‌
Oil,
Gas
&
Consumable
Fuels
 2.7%
Antero
Midstream 
29,259‌
666‌
Antero
Resources (1)
26,310‌
924‌
Cheniere
Energy 
18,641‌
4,455‌
Chord
Energy 
4,992‌
570‌
DT
Midstream 
9,056‌
1,329‌
HF
Sinclair 
13,720‌
956‌
Matador
Resources 
10,395‌
517‌
Ovintiv 
25,179‌
1,326‌
Permian
Resources,
Class
70,347‌
1,295‌
Range
Resources 
20,673‌
769‌
Viper
Energy,
Class
16,789‌
712‌
13,519‌
Total
Energy
16,957‌
FINANCIALS
 13.1%
Banks
 3.9%
Bank
OZK 
9,263‌
483‌
BOK
Financial (2)
1,657‌
230‌
Central
BanCo 
1,716‌
52‌
Columbia
Banking
System 
25,560‌
819‌
Commerce
Bancshares 
12,004‌
693‌
Cullen/Frost
Bankers 
5,234‌
809‌
East
West
Bancorp 
12,109‌
1,563‌
First
Citizens
BancShares,
Class
713‌
1,484‌
First
Hawaiian 
10,624‌
311‌
First
Horizon 
41,982‌
1,076‌
FNB 
31,133‌
594‌
NU
Holdings,
Class
A (1)
308,840‌
4,126‌
Pinnacle
Financial
Partners 
13,292‌
1,341‌
Popular 
5,652‌
928‌
Prosperity
Bancshares 
8,656‌
632‌
SOUTHSTATE
BANK 
8,596‌
859‌
TFS
Financial (2)
4,597‌
82‌
Webster
Financial 
14,293‌
1,092‌
Western
Alliance
Bancorp 
9,387‌
772‌
Wintrust
Financial 
5,882‌
945‌
T.
ROWE
PRICE
Mid-Cap
Index
Fund
13
Shares
$
Value
(Cost
and
value
in
$000s)
Zions
Bancorp 
12,861‌
890‌
19,781‌
Capital
Markets
 2.9%
Affiliated
Managers
Group 
2,263‌
766‌
Blue
Owl
Capital (2)
59,297‌
519‌
Brookfield
Asset
Management,
Class
33,736‌
1,513‌
Bullish (1)(2)
1,820‌
43‌
Carlyle
Group 
23,527‌
991‌
Evercore,
Class
3,253‌
1,111‌
Freedom
Holding (1)(2)
1,586‌
207‌
Galaxy
Digital,
Class
A (1)
16,840‌
460‌
Hamilton
Lane,
Class
3,457‌
272‌
Houlihan
Lokey 
4,833‌
648‌
Jefferies
Financial
Group 
13,442‌
672‌
Lazard 
8,196‌
344‌
LPL
Financial
Holdings 
7,129‌
2,008‌
MarketAxess
Holdings 
3,070‌
348‌
Morningstar 
1,710‌
267‌
SEI
Investments 
9,017‌
791‌
Stifel
Financial 
13,215‌
922‌
TPG 
13,068‌
530‌
Tradeweb
Markets,
Class
10,282‌
1,025‌
Virtu
Financial,
Class
7,459‌
444‌
XP,
Class
35,309‌
574‌
14,455‌
Consumer
Finance
 0.9%
Ally
Financial 
24,638‌
1,132‌
Credit
Acceptance (1)(2)
317‌
202‌
Figure
Technology
Solutions,
Class
A (1)
12,597‌
387‌
OneMain
Holdings 
10,233‌
624‌
SLM 
16,831‌
436‌
SoFi
Technologies (1)(2)
112,424‌
2,016‌
4,797‌
Financial
Services
 1.8%
Affirm
Holdings (1)
24,944‌
2,034‌
Chime
Financial,
Class
A (1)
23,423‌
480‌
Corebridge
Financial 
21,827‌
625‌
Equitable
Holdings 
24,801‌
1,088‌
Euronet
Worldwide (1)
3,099‌
227‌
MGIC
Investment 
18,698‌
527‌
Rocket,
Class
A (1)
86,278‌
1,359‌
Shift4
Payments,
Class
A (1)(2)
4,928‌
240‌
T.
ROWE
PRICE
Mid-Cap
Index
Fund
14
Shares
$
Value
(Cost
and
value
in
$000s)
Toast,
Class
A (1)
42,444‌
1,181‌
UWM
Holdings (2)
24,366‌
56‌
Voya
Financial 
8,178‌
740‌
Western
Union (2)
27,258‌
210‌
WEX (1)
3,090‌
436‌
9,203‌
Insurance
 2.9%
American
Financial
Group 
5,875‌
822‌
Assured
Guaranty 
3,670‌
294‌
Axis
Capital
Holdings 
6,496‌
698‌
Brighthouse
Financial (1)
4,988‌
316‌
CNA
Financial (2)
1,756‌
85‌
Fidelity
National
Financial 
22,555‌
1,064‌
First
American
Financial 
8,648‌
593‌
Hanover
Insurance
Group 
3,081‌
660‌
Kinsale
Capital
Group 
1,937‌
639‌
Lincoln
National 
15,448‌
546‌
Markel
Group (1)
1,101‌
2,150‌
Old
Republic
International 
19,980‌
818‌
Primerica 
2,774‌
788‌
Reinsurance
Group
of
America 
5,830‌
1,240‌
RenaissanceRe
Holdings 
3,717‌
1,178‌
RLI 
7,394‌
437‌
Ryan
Specialty
Holdings (2)
9,894‌
374‌
Unum
Group 
14,106‌
1,261‌
White
Mountains
Insurance
Group 
212‌
439‌
14,402‌
Mortgage
Real
Estate
Investment
Trusts
 0.7%
AGNC
Investment,
REIT (2)
101,568‌
1,107‌
Annaly
Capital
Management,
REIT 
65,347‌
1,461‌
Rithm
Capital,
REIT 
50,147‌
471‌
Starwood
Property
Trust,
REIT 
31,471‌
516‌
3,555‌
Total
Financials
66,193‌
HEALTH
CARE
 10.2%
Biotechnology
 5.2%
Alnylam
Pharmaceuticals (1)
11,856‌
3,569‌
Arrowhead
Pharmaceuticals (1)
11,976‌
976‌
Ascendis
Pharma (1)
4,434‌
1,182‌
BioMarin
Pharmaceutical (1)
16,999‌
973‌
Bridgebio
Pharma (1)
14,988‌
1,116‌
Caris
Life
Sciences (1)
10,830‌
193‌
T.
ROWE
PRICE
Mid-Cap
Index
Fund
15
Shares
$
Value
(Cost
and
value
in
$000s)
Exelixis (1)
22,200‌
1,208‌
Halozyme
Therapeutics (1)
10,415‌
815‌
Insmed (1)
19,104‌
2,037‌
Ionis
Pharmaceuticals (1)
14,640‌
1,161‌
Madrigal
Pharmaceuticals (1)
1,587‌
852‌
Natera (1)
12,149‌
3,298‌
Neurocrine
Biosciences (1)
8,816‌
1,486‌
Revolution
Medicines (1)
17,038‌
3,191‌
Roivant
Sciences (1)
43,577‌
1,542‌
Summit
Therapeutics (1)(2)
11,924‌
174‌
United
Therapeutics (1)
3,687‌
1,998‌
Viking
Therapeutics (1)
10,075‌
393‌
26,164‌
Health
Care
Equipment
&
Supplies
 0.9%
Envista
Holdings (1)
14,420‌
380‌
Globus
Medical,
Class
A (1)
9,939‌
785‌
Medline,
Class
A (1)
39,953‌
1,576‌
Penumbra (1)
3,375‌
1,066‌
Teleflex 
3,976‌
504‌
4,311‌
Health
Care
Providers
&
Services
 1.3%
Chemed 
1,155‌
538‌
Encompass
Health 
8,724‌
882‌
Ensign
Group 
5,010‌
803‌
Guardant
Health (1)
11,336‌
1,701‌
Molina
Healthcare (1)
4,562‌
1,043‌
Tenet
Healthcare (1)
7,606‌
1,423‌
6,390‌
Health
Care
Technology
 0.0%
Doximity,
Class
A (1)
11,433‌
237‌
237‌
Life
Sciences
Tools
&
Services
 1.5%
Avantor (1)
58,438‌
578‌
Bio-Rad
Laboratories,
Class
A (1)
1,636‌
480‌
Bruker 
9,833‌
592‌
Illumina (1)
13,531‌
2,379‌
Medpace
Holdings (1)
2,045‌
1,083‌
QIAGEN 
18,228‌
713‌
Repligen (1)
4,719‌
644‌
Sotera
Health (1)
25,214‌
448‌
Tempus
AI,
Class
A (1)(2)
9,672‌
560‌
7,477‌
T.
ROWE
PRICE
Mid-Cap
Index
Fund
16
Shares
$
Value
(Cost
and
value
in
$000s)
Pharmaceuticals
 1.3%
Axsome
Therapeutics (1)
3,824‌
936‌
Corcept
Therapeutics (1)
8,408‌
731‌
Elanco
Animal
Health (1)
43,805‌
1,078‌
Jazz
Pharmaceuticals (1)
5,311‌
1,280‌
Organon 
22,997‌
311‌
Royalty
Pharma,
Class
36,847‌
2,066‌
6,402‌
Total
Health
Care
50,981‌
INDUSTRIALS
&
BUSINESS
SERVICES
 23.6%
Aerospace
&
Defense
 5.0%
AeroVironment (1)
3,435‌
567‌
ATI (1)
12,053‌
2,376‌
BWX
Technologies 
8,148‌
1,586‌
Carpenter
Technology 
4,298‌
2,651‌
Curtiss-Wright 
3,281‌
2,486‌
FTAI
Aviation 
9,033‌
2,444‌
HEICO 
3,794‌
1,351‌
HEICO,
Class
6,712‌
1,731‌
Hexcel 
6,637‌
664‌
Karman
Holdings (1)(2)
6,009‌
300‌
Kratos
Defense
&
Security
Solutions (1)
16,399‌
818‌
Leonardo
DRS 
6,639‌
283‌
Loar
Holdings (1)(2)
3,870‌
312‌
Rocket
Lab (1)
47,838‌
4,863‌
StandardAero (1)
20,240‌
605‌
Woodward 
5,285‌
2,249‌
25,286‌
Air
Freight
&
Logistics
 0.1%
GXO
Logistics (1)
10,281‌
521‌
521‌
Building
Products
 1.7%
AAON 
6,041‌
766‌
Advanced
Drainage
Systems 
6,445‌
1,012‌
Armstrong
World
Industries 
3,749‌
601‌
Carlisle 
3,570‌
1,295‌
Fortune
Brands
Innovations 
10,453‌
574‌
Hayward
Holdings (1)
18,285‌
317‌
Louisiana-Pacific 
5,719‌
450‌
Modine
Manufacturing (1)
4,629‌
1,236‌
Owens
Corning 
7,095‌
1,128‌
Simpson
Manufacturing 
3,647‌
763‌
T.
ROWE
PRICE
Mid-Cap
Index
Fund
17
Shares
$
Value
(Cost
and
value
in
$000s)
Trex (1)
9,299‌
465‌
8,607‌
Commercial
Services
&
Supplies
 1.1%
Clean
Harbors (1)
4,521‌
1,351‌
GFL
Environmental 
23,057‌
848‌
MSA
Safety 
3,273‌
571‌
RB
Global (2)
16,560‌
1,929‌
Tetra
Tech 
23,049‌
666‌
5,365‌
Construction
&
Engineering
 2.3%
AECOM 
11,428‌
798‌
API
Group (1)
33,957‌
1,438‌
Dycom
Industries (1)
2,644‌
1,337‌
Everus
Construction
Group (1)
4,515‌
749‌
IES
Holdings (1)
773‌
568‌
MasTec (1)
5,522‌
2,297‌
Primoris
Services 
4,848‌
480‌
Solv
Energy,
Class
A (1)
3,397‌
116‌
Sterling
Infrastructure (1)
2,676‌
2,246‌
Valmont
Industries 
1,679‌
970‌
WillScot
Holdings (2)
15,931‌
460‌
11,459‌
Electrical
Equipment
 3.3%
Acuity 
2,681‌
1,010‌
Bloom
Energy,
Class
A (1)
23,905‌
7,236‌
Forgent
Power
Solutions,
Class
A (1)
11,329‌
633‌
Nextpower,
Class
A (1)
13,181‌
1,570‌
nVent
Electric 
14,310‌
2,427‌
Powell
Industries 
2,561‌
733‌
Regal
Rexnord 
5,907‌
1,407‌
Sensata
Technologies
Holding 
12,815‌
612‌
Vicor (1)
2,184‌
830‌
X-Energy (1)(2)
3,702‌
68‌
16,526‌
Ground
Transportation
 1.4%
Avis
Budget
Group (1)(2)
1,528‌
226‌
Knight-Swift
Transportation
Holdings 
14,015‌
1,091‌
Landstar
System 
2,992‌
619‌
Lyft,
Class
A (1)
34,029‌
497‌
Ryder
System 
3,326‌
877‌
Saia (1)
2,365‌
996‌
Schneider
National,
Class
4,694‌
172‌
T.
ROWE
PRICE
Mid-Cap
Index
Fund
18
Shares
$
Value
(Cost
and
value
in
$000s)
U-Haul
Holding (1)
681‌
45‌
U-Haul
Holding,
Non-Voting 
9,007‌
520‌
XPO (1)
10,148‌
2,083‌
7,126‌
Machinery
 3.8%
AGCO 
5,305‌
635‌
Allison
Transmission
Holdings 
7,332‌
827‌
Chart
Industries (1)
4,229‌
884‌
CNH
Industrial 
77,201‌
867‌
Crane (2)
4,388‌
979‌
Donaldson 
10,228‌
918‌
Esab 
5,140‌
507‌
Flowserve 
11,289‌
837‌
Gates
Industrial (1)
22,155‌
620‌
Graco 
14,630‌
1,106‌
ITT 
7,940‌
1,570‌
Lincoln
Electric
Holdings 
4,743‌
1,259‌
Middleby (1)
3,841‌
661‌
Mueller
Industries 
9,663‌
1,188‌
Oshkosh 
5,522‌
847‌
RBC
Bearings (1)
2,776‌
1,788‌
SPX
Technologies (1)
4,311‌
1,057‌
Timken 
5,707‌
829‌
Toro 
8,469‌
825‌
Watts
Water
Technologies,
Class
2,415‌
945‌
19,149‌
Marine
Transportation
 0.1%
Kirby (1)
4,725‌
642‌
642‌
Passenger
Airlines
 0.3%
Alaska
Air
Group (1)
9,982‌
521‌
American
Airlines
Group (1)
57,846‌
1,045‌
1,566‌
Professional
Services
 1.8%
Amentum
Holdings (1)
13,400‌
277‌
Booz
Allen
Hamilton
Holding 
10,608‌
644‌
CACI
International,
Class
A (1)
1,939‌
898‌
ExlService
Holdings (1)
13,004‌
336‌
FTI
Consulting (1)
2,683‌
400‌
Genpact 
13,821‌
380‌
KBR 
11,022‌
381‌
Parsons (1)
3,252‌
170‌
T.
ROWE
PRICE
Mid-Cap
Index
Fund
19
Shares
$
Value
(Cost
and
value
in
$000s)
Paycom
Software 
3,692‌
464‌
Paylocity
Holding (1)
3,926‌
410‌
Planet
Labs (1)
24,737‌
820‌
Robert
Half 
8,666‌
266‌
Science
Applications
International 
3,872‌
428‌
SS&C
Technologies
Holdings 
18,471‌
1,146‌
TransUnion 
17,145‌
1,237‌
UL
Solutions,
Class
6,805‌
693‌
8,950‌
Trading
Companies
&
Distributors
 2.7%
Applied
Industrial
Technologies 
3,259‌
1,102‌
Core
&
Main,
Class
A (1)
16,616‌
802‌
Ferguson
Enterprises 
17,042‌
4,045‌
MSC
Industrial
Direct,
Class
4,083‌
486‌
QXO (1)(2)
57,510‌
994‌
SiteOne
Landscape
Supply (1)
3,931‌
450‌
Sunbelt
Rentals
Holdings 
36,535‌
2,733‌
Watsco (2)
3,111‌
1,296‌
WESCO
International 
4,260‌
1,471‌
13,379‌
Total
Industrials
&
Business
Services
118,576‌
INFORMATION
TECHNOLOGY
 20.5%
Communications
Equipment
 0.4%
Applied
Optoelectronics (1)
6,841‌
1,014‌
Ubiquiti 
373‌
199‌
Viavi
Solutions (1)
20,501‌
979‌
2,192‌
Electronic
Equipment,
Instruments
&
Components
 2.5%
Advanced
Energy
Industries 
3,360‌
1,253‌
Arrow
Electronics (1)
4,512‌
963‌
Avnet 
7,193‌
639‌
Cognex 
14,791‌
1,071‌
Fabrinet (1)
3,189‌
1,792‌
Ingram
Micro
Holding 
3,861‌
106‌
IPG
Photonics (1)
2,255‌
265‌
Littelfuse 
2,204‌
1,004‌
Ralliant 
9,928‌
731‌
Sanmina (1)
4,498‌
1,138‌
TD
SYNNEX 
6,817‌
1,822‌
TTM
Technologies (1)
9,074‌
1,697‌
Vontier 
12,313‌
357‌
12,838‌
T.
ROWE
PRICE
Mid-Cap
Index
Fund
20
Shares
$
Value
(Cost
and
value
in
$000s)
IT
Services
 5.5%
Amdocs 
9,526‌
481‌
Applied
Digital (1)
22,583‌
842‌
Cloudflare,
Class
A (1)
28,146‌
6,904‌
CoreWeave,
Class
A (1)
30,978‌
3,084‌
DigitalOcean
Holdings (1)
7,188‌
1,129‌
EPAM
Systems (1)
4,472‌
355‌
Kyndryl
Holdings (1)
19,547‌
221‌
MongoDB (1)
6,941‌
2,331‌
Okta (1)
15,008‌
2,048‌
Snowflake (1)
29,830‌
7,592‌
Twilio,
Class
A (1)
13,169‌
2,717‌
27,704‌
Semiconductors
&
Semiconductor
Equipment
 6.3%
Allegro
MicroSystems (1)(2)
10,994‌
765‌
Amkor
Technology 
11,054‌
953‌
Astera
Labs (1)
13,635‌
6,586‌
Cirrus
Logic (1)
4,505‌
669‌
Credo
Technology
Group
Holding (1)
14,671‌
3,990‌
Enphase
Energy (1)
11,524‌
567‌
Entegris 
13,537‌
2,435‌
FormFactor (1)
6,879‌
1,100‌
GLOBALFOUNDRIES 
11,182‌
922‌
Lattice
Semiconductor (1)
12,130‌
1,855‌
MACOM
Technology
Solutions
Holdings (1)
5,959‌
2,267‌
MKS 
5,973‌
2,657‌
Onto
Innovation (1)
4,412‌
1,670‌
Qorvo (1)
7,471‌
697‌
Rambus (1)
9,574‌
1,271‌
Semtech (1)
8,254‌
1,336‌
SiTime (1)
1,979‌
1,475‌
Universal
Display 
3,781‌
327‌
31,542‌
Software
 5.0%
Appfolio,
Class
A (1)
2,004‌
321‌
Atlassian,
Class
A (1)
15,037‌
1,170‌
Aurora
Innovation (1)
106,785‌
728‌
Bentley
Systems,
Class
B (2)
14,732‌
440‌
BILL
Holdings (1)
7,618‌
275‌
BitMine
Immersion
Technologies 
49,976‌
665‌
CCC
Intelligent
Solutions
Holdings (1)
48,151‌
248‌
Circle
Internet
Group (1)
15,927‌
998‌
T.
ROWE
PRICE
Mid-Cap
Index
Fund
21
Shares
$
Value
(Cost
and
value
in
$000s)
Docusign (1)
17,169‌
763‌
Dolby
Laboratories,
Class
A (2)
5,226‌
275‌
Dropbox,
Class
A (1)
13,357‌
367‌
Dynatrace (1)
26,363‌
1,158‌
Elastic (1)
8,199‌
468‌
Figma,
Class
A (1)
18,724‌
339‌
Gitlab,
Class
A (1)
12,697‌
388‌
Guidewire
Software (1)
7,493‌
922‌
HubSpot (1)
4,401‌
803‌
IREN (1)
28,766‌
1,315‌
Klaviyo,
Class
A (1)
12,211‌
184‌
Manhattan
Associates (1)
5,184‌
722‌
Nutanix,
Class
A (1)
23,069‌
1,176‌
Pegasystems 
7,797‌
234‌
Procore
Technologies (1)
11,002‌
447‌
RingCentral,
Class
6,464‌
252‌
Rubrik,
Class
A (1)
13,741‌
1,103‌
SailPoint (1)(2)
6,161‌
90‌
Samsara,
Class
A (1)
30,470‌
988‌
SentinelOne,
Class
A (1)
28,896‌
490‌
Strategy (1)
29,148‌
2,534‌
Terawulf (1)
32,049‌
792‌
UiPath,
Class
A (1)(2)
35,046‌
381‌
Unity
Software (1)
31,961‌
913‌
Zoom
Communications (1)
23,681‌
2,044‌
Zscaler (1)
9,304‌
1,313‌
25,306‌
Technology
Hardware,
Storage
&
Peripherals
 0.8%
Everpure,
Class
A (1)
27,780‌
2,189‌
IonQ (1)(2)
32,682‌
1,740‌
3,929‌
Total
Information
Technology
103,511‌
MATERIALS
 4.8%
Chemicals
 1.3%
Axalta
Coating
Systems (1)
18,928‌
648‌
Celanese 
10,072‌
463‌
Eastman
Chemical 
10,064‌
674‌
Element
Solutions 
20,235‌
966‌
NewMarket 
547‌
433‌
Olin 
9,978‌
198‌
RPM
International 
11,238‌
1,249‌
Scotts
Miracle-Gro 
3,902‌
266‌
T.
ROWE
PRICE
Mid-Cap
Index
Fund
22
Shares
$
Value
(Cost
and
value
in
$000s)
Solstice
Advanced
Materials 
14,171‌
1,256‌
Westlake 
2,895‌
211‌
6,364‌
Construction
Materials
 0.2%
Eagle
Materials 
2,761‌
621‌
James
Hardie
Industries (1)(2)
13,112‌
343‌
964‌
Containers
&
Packaging
 0.6%
AptarGroup 
5,619‌
703‌
Crown
Holdings 
9,882‌
1,105‌
Graphic
Packaging
Holding 
25,655‌
271‌
Silgan
Holdings (2)
7,774‌
361‌
Sonoco
Products 
8,830‌
498‌
2,938‌
Metals
&
Mining
 2.7%
Alcoa 
23,440‌
1,222‌
Almonty
Industries (1)
19,064‌
316‌
Anglogold
Ashanti 
44,993‌
3,640‌
Aura
Minerals 
3,566‌
224‌
Cleveland-Cliffs (1)
50,982‌
479‌
Coeur
Mining 
91,495‌
1,493‌
Hecla
Mining 
56,060‌
865‌
MP
Materials (1)(2)
12,717‌
712‌
Reliance 
4,536‌
1,695‌
Royal
Gold 
7,552‌
1,507‌
Southern
Copper 
8,199‌
1,429‌
13,582‌
Total
Materials
23,848‌
REAL
ESTATE
 4.5%
Diversified
Real
Estate
Investment
Trusts
 0.3%
WP
Carey,
REIT 
19,684‌
1,407‌
1,407‌
Health
Care
Real
Estate
Investment
Trusts
 0.6%
American
Healthcare
REIT,
REIT 
16,923‌
882‌
Healthcare
Realty
Trust,
REIT 
29,692‌
599‌
Janus
Living,
Class
A-1,
REIT 
4,068‌
117‌
Medical
Properties
Trust,
REIT (2)
43,722‌
202‌
Omega
Healthcare
Investors,
REIT 
26,534‌
1,265‌
3,065‌
Industrial
Real
Estate
Investment
Trusts
 0.7%
Americold
Realty
Trust,
REIT 
25,817‌
406‌
T.
ROWE
PRICE
Mid-Cap
Index
Fund
23
Shares
$
Value
(Cost
and
value
in
$000s)
EastGroup
Properties,
REIT 
4,729‌
958‌
First
Industrial
Realty
Trust,
REIT 
11,692‌
717‌
Lineage,
REIT 
6,098‌
264‌
Rexford
Industrial
Realty,
REIT 
19,975‌
669‌
STAG
Industrial,
REIT 
16,965‌
645‌
3,659‌
Office
Real
Estate
Investment
Trusts
 0.3%
Cousins
Properties,
REIT 
14,725‌
442‌
Kilroy
Realty,
REIT 
10,274‌
385‌
Vornado
Realty
Trust,
REIT 
15,527‌
610‌
1,437‌
Real
Estate
Management
&
Development
 0.4%
Howard
Hughes
Holdings (1)
2,731‌
195‌
Jones
Lang
LaSalle (1)
4,101‌
1,271‌
Zillow
Group,
Class
A (1)
3,506‌
110‌
Zillow
Group,
Class
C (1)
14,402‌
454‌
2,030‌
Residential
Real
Estate
Investment
Trusts
 0.7%
American
Homes
4
Rent,
Class
A,
REIT 
29,728‌
997‌
Equity
LifeStyle
Properties,
REIT 
17,103‌
1,102‌
Sun
Communities,
REIT 
10,868‌
1,303‌
3,402‌
Retail
Real
Estate
Investment
Trusts
 0.5%
Agree
Realty,
REIT (2)
10,482‌
794‌
Brixmor
Property
Group,
REIT 
27,021‌
852‌
NNN
REIT,
REIT 
16,764‌
780‌
2,426‌
Specialized
Real
Estate
Investment
Trusts
 1.0%
CubeSmart,
REIT 
20,055‌
798‌
EPR
Properties,
REIT 
6,662‌
387‌
Fermi (1)
18,034‌
165‌
Gaming
&
Leisure
Properties,
REIT 
24,121‌
1,074‌
Lamar
Advertising,
Class
A,
REIT 
7,598‌
1,185‌
Millrose
Properties,
REIT 
13,823‌
415‌
National
Storage
Affiliates
Trust,
REIT (2)
6,257‌
278‌
Rayonier,
REIT 
26,577‌
566‌
4,868‌
Total
Real
Estate
22,294‌
UTILITIES
 1.5%
Electric
Utilities
 0.5%
IDACORP (2)
4,909‌
743‌
T.
ROWE
PRICE
Mid-Cap
Index
Fund
24
Shares
$
Value
(Cost
and
value
in
$000s)
OGE
Energy 
18,250‌
888‌
Oklo (1)(2)
12,461‌
652‌
2,283‌
Gas
Utilities
 0.3%
MDU
Resources
Group 
18,188‌
386‌
National
Fuel
Gas 
8,336‌
643‌
UGI 
19,050‌
658‌
1,687‌
Independent
Power
&
Renewable
Electricity
Producers
 0.5%
Brookfield
Renewable 
12,221‌
454‌
Clearway
Energy,
Class
10,573‌
361‌
Talen
Energy (1)
4,012‌
1,542‌
2,357‌
Water
Utilities
 0.2%
Essential
Utilities 
25,107‌
962‌
962‌
Total
Utilities
7,289‌
Total
Common
Stocks
(Cost
$411,355)
502,132‌
EQUITY
FUNDS
 0.2%
State
Street
SPDR
S&P
MidCap
400
ETF
Trust 
1,439‌
1,012‌
Total
Equity
Funds
(Cost
$990)
1,012‌
SHORT-TERM
INVESTMENTS
 0.1%
Money
Market
Funds
 0.1%
T.
Rowe
Price
Government
Reserve
Fund,
3.69% (3)(4)
703,417‌
703‌
Total
Short-Term
Investments
(Cost
$703)
703‌
T.
ROWE
PRICE
Mid-Cap
Index
Fund
25
Shares
$
Value
(Cost
and
value
in
$000s)
SECURITIES
LENDING
COLLATERAL
 2.9%
INVESTMENTS
IN
A
POOLED
ACCOUNT
THROUGH
SECURITIES
LENDING
PROGRAM
WITH
STATE
STREET
BANK
AND
TRUST
COMPANY 2.9%
Money
Market
Funds 2.9%
T.
Rowe
Price
Treasury
Reserve
Fund,
3.66% (3)(4)
14,419,757‌
14,420‌
Total
Investments
in
a
Pooled
Account
through
Securities
Lending
Program
with
State
Street
Bank
and
Trust
Company
14,420‌
Total
Securities
Lending
Collateral
(Cost
$14,420)
14,420‌
Total
Investments
in
Securities
102.9%
of
Net
Assets
(Cost
$427,468)
$
518,267‌
Shares
are
denominated
in
U.S.
dollars
unless
otherwise
noted.
(1)
Non-income
producing
(2)
See
Note
3.
All
or
a
portion
of
this
security
is
on
loan
at
June
30,
2026.
(3)
Seven-day
yield
(4)
Affiliated
Companies
ETF
Exchange-Traded
Fund
REIT
A
domestic
Real
Estate
Investment
Trust
whose
distributions
pass-through
with
original
tax
character
to
the
shareholder
T.
ROWE
PRICE
Mid-Cap
Index
Fund
26
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
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
six
months
ended
June
30,
2026.
Net
realized
gain
(loss),
investment
income,
change
in
net
unrealized
gain/loss,
and
purchase
and
sales
cost
reflect
all
activity
for
the
period
then
ended.
Affiliate
Net
Realized
Gain
(Loss)
Change
in
Net
Unrealized
Gain/Loss
Investment
Income
T.
Rowe
Price
Government
Reserve
Fund,
3.69%
$
—‌
$
—‌
$
8‌
T.
Rowe
Price
Treasury
Reserve
Fund,
3.66%
—‌
—‌
—‌++
Totals
$
—‌#
$
—‌
$
8‌+
Supplementary
Investment
Schedule
Affiliate
Value
12/31/25
Purchase
Cost
Sales
Cost
Value
6/30/26
T.
Rowe
Price
Government
Reserve
Fund,
3.69%
$
472‌
 ¤
 ¤
$
703‌
T.
Rowe
Price
Treasury
Reserve
Fund,
3.66%
10,279‌
 ¤
 ¤
14,420‌
Total
$
15,123‌^
#
Capital
gain
distributions
from
underlying
Price
funds
represented
$0
of
the
net
realized
gain
(loss).
++
Excludes
earnings
on
securities
lending
collateral,
which
are
subject
to
rebates
and
fees
as
described
in
Note
3.
+
Investment
income
comprised
$8
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
$15,123.
T.
ROWE
PRICE
Mid-Cap
Index
Fund
June
30,
2026
Unaudited
Statement
of
Assets
and
Liabilities
27
($000s,
except
shares
and
per
share
amounts)
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
Assets
Investments
in
securities,
at
value
(cost
$427,468)
$
518,267‌
Receivable
for
investment
securities
sold
718‌
Receivable
for
shares
sold
499‌
Dividends
receivable
322‌
Due
from
affiliates
37‌
Other
assets
8‌
Total
assets
519,851‌
Liabilities
Obligation
to
return
securities
lending
collateral
14,420‌
Payable
for
investment
securities
purchased
1,226‌
Payable
for
shares
redeemed
79‌
Investment
management
fees
payable
36‌
Other
liabilities
344‌
Total
liabilities
16,105‌
Commitments
and
Contingent
Liabilities
(note
6
)
NET
ASSETS
$
503,746‌
Net
Assets
Consist
of:
Total
distributable
earnings
(loss)
$
109,888‌
Paid-in
capital
applicable
to
19,877,573
shares
of
$0.0001
par
value
capital
stock
outstanding;
2,000,000,000
shares
of
the
Corporation
authorized
393,858‌
NET
ASSETS
$
503,746‌
NET
ASSET
VALUE
PER
SHARE
Investor
Class
(Net
assets:
$125;
Shares
outstanding:
4,922)
$
25.32‌
I
Class
(Net
assets:
$183,395;
Shares
outstanding:
7,243,490)
$
25.32‌
Z
Class
(Net
assets:
$320,226;
Shares
outstanding:
12,629,161)
$
25.36‌
T.
ROWE
PRICE
Mid-Cap
Index
Fund
Unaudited
Statement
of
Operations
28
($000s)
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
6
Months
Ended
6/30/26
Investment
Income
(Loss)
Income
Dividend
(net
of
foreign
taxes
of
$13)
$
2,245‌
Securities
lending
34‌
Other
3‌
Total
income
2,282‌
Expenses
Investment
management
180‌
Shareholder
servicing
I
Class
31‌
Prospectus
and
shareholder
reports
I
Class
$
2‌
Z
Class
2‌
4‌
Custody
and
accounting
159‌
Legal
and
audit
17‌
Directors
1‌
Miscellaneous
9‌
Waived
/
paid
by
Price
Associates
(
286‌
)
Total
expenses
115‌
Net
investment
income
2,167‌
Realized
and
Unrealized
Gain
/
Loss
Net
realized
gain
on
securities
17,315‌
Change
in
net
unrealized
gain
/
loss
on
securities
42,080‌
Net
realized
and
unrealized
gain
/
loss
59,395‌
INCREASE
IN
NET
ASSETS
FROM
OPERATIONS
$
61,562‌
T.
ROWE
PRICE
Mid-Cap
Index
Fund
Unaudited
Statement
of
Changes
in
Net
Assets
29
($000s)
6
Months
Ended
6/30/26
Year
Ended
12/31/25
Increase
(Decrease)
in
Net
Assets
Operations
Net
investment
income
$
2,167‌
$
3,160‌
Net
realized
gain
17,315‌
19,878‌
Change
in
net
unrealized
gain
/
loss
42,080‌
13,207‌
Increase
in
net
assets
from
operations
61,562‌
36,245‌
Distributions
to
shareholders
Net
earnings
Investor
Class
–‌
(
7‌
)
I
Class
–‌
(
9,526‌
)
Z
Class
–‌
(
11,647‌
)
Decrease
in
net
assets
from
distributions
–‌
(
21,180‌
)
Capital
share
transactions
*
Shares
sold
I
Class
8,340‌
16,573‌
Z
Class
107,075‌
108,309‌
Distributions
reinvested
I
Class
–‌
9,526‌
Z
Class
–‌
11,647‌
Shares
redeemed
I
Class
(
5,600‌
)
(
15,285‌
)
Z
Class
(
15,096‌
)
(
33,311‌
)
Increase
in
net
assets
from
capital
share
transactions
94,719‌
97,459‌
T.
ROWE
PRICE
Mid-Cap
Index
Fund
Unaudited
Statement
of
Changes
in
Net
Assets
30
($000s)
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
6
Months
Ended
6/30/26
Year
Ended
12/31/25
Net
Assets
Increase
during
period
156,281‌
112,524‌
Beginning
of
period
347,465‌
234,941‌
End
of
period
$
503,746‌
$
347,465‌
*Share
information
(000s)
Shares
sold
I
Class
361‌
780‌
Z
Class
4,676‌
4,926‌
Distributions
reinvested
I
Class
–‌
419‌
Z
Class
–‌
512‌
Shares
redeemed
I
Class
(
245‌
)
(
711‌
)
Z
Class
(
642‌
)
(
1,463‌
)
Increase
in
shares
outstanding
4,150‌
4,463‌
T.
ROWE
PRICE
Mid-Cap
Index
Fund
Unaudited
NOTES
TO
FINANCIAL
STATEMENTS
31
T.
Rowe
Price
Index
Trust,
Inc. (the
corporation)
is
registered
under
the
Investment
Company
Act
of
1940
(the
1940
Act).
The
Mid-Cap
Index
Fund
(the
fund)
is
an
open-end
management
investment
company
established
by
the
corporation
and
intends
to
be
diversified
in
approximately
the
same
proportion
as
the
index
it
tracks
is
diversified.
The
fund
may
become
nondiversified
for
periods
of
time
solely
as
a
result
of
changes
in
the
composition
of
the
index
(for
example,
changes
in
the
relative
market
capitalization
or
index
weighting
of
one
or
more
securities
represented
in
the
index). The
fund
seeks to
track
the
performance
of
a
benchmark
index
that
measures
the
investment
return
of
mid-
capitalization
U.S.
stocks. The
fund
is
available
for
investment
only
by
mutual
funds,
college
savings
plans,
and
other
institutional
client
accounts
managed
by
T.
Rowe
Price
Associates,
Inc.,
or
its
affiliates
and
is
not
available
for
direct
purchase
by
members
of
the
public.
The
fund
has three classes
of
shares:
the
Mid-Cap
Index
Fund
(Investor
Class),
the
Mid-Cap
Index
Fund–I
Class
(I
Class)
and
the
Mid-Cap
Index
Fund–Z
Class
(Z
Class).
I
Class
shares
require
a
$500,000
initial
investment
minimum,
although
the
minimum
generally
is
waived
or
reduced
for
financial
intermediaries,
eligible
retirement
plans,
and
certain
other
accounts.
The
Z
Class
is
only
available
to
funds
advised
by
T.
Rowe
Price
Associates,
Inc.
and
its
affiliates
and
other
clients
that
are
subject
to
a
contractual
fee
for
investment
management
services. Each
class
has
exclusive
voting
rights
on
matters
related
solely
to
that
class;
separate
voting
rights
on
matters
that
relate
to
all
classes;
and,
in
all
other
respects,
the
same
rights
and
obligations
as
the
other
classes. 
NOTE
1
-
SIGNIFICANT
ACCOUNTING
POLICIES 
Basis
of
Preparation
 The fund
is
an
investment
company
and
follows
accounting
and
reporting
guidance
in
the
Financial
Accounting
Standards
Board
(FASB)
Accounting
Standards
Codification
Topic
946
(ASC
946).
The
accompanying
financial
statements
were
prepared
in
accordance
with
accounting
principles
generally
accepted
in
the
United
States
of
America
(GAAP),
including,
but
not
limited
to,
ASC
946.
GAAP
requires
the
use
of
estimates
made
by
management.
Management
believes
that
estimates
and
valuations
are
appropriate;
however,
actual
results
may
differ
from
those
estimates,
and
the
valuations
reflected
in
the
accompanying
financial
statements
may
differ
from
the
value
ultimately
realized
upon
sale
or
maturity.
T.
ROWE
PRICE
Mid-Cap
Index
Fund
32
Investment
Transactions,
Investment
Income,
and
Distributions
 Investment
transactions
are
accounted
for
on
the
trade
date
basis.
Income
and
expenses
are
recorded
on
the
accrual
basis.
Realized
gains
and
losses
are
reported
on
the
identified
cost
basis. Income
tax-related
interest
and
penalties,
if
incurred,
are
recorded
as
income
tax
expense. Dividends
received
from other
investment
companies are
reflected
as
dividend income;
capital
gain
distributions
are
reflected
as
realized
gain/loss. Dividend
income and
capital
gain
distributions
are
recorded
on
the
ex-dividend
date. Distributions
from
REITs
are
initially
recorded
as
dividend
income
and,
to
the
extent
such
represent
a
return
of
capital
or
capital
gain
for
tax
purposes,
are
reclassified
when
such
information
becomes
available. Non-cash
dividends,
if
any,
are
recorded
at
the
fair
market
value
of
the
asset
received. Proceeds
from
litigation
payments,
if
any,
are
included
in
either
net
realized
gain
(loss)
or
change
in
net
unrealized
gain/loss
from
securities. Distributions
to
shareholders
are
recorded
on
the
ex-dividend
date. Income
distributions,
if
any,
are
declared
and
paid
by
each
class annually. A
capital
gain
distribution,
if
any, may
also
be
declared
and
paid
by
the
fund
annually.
Class
Accounting
 Shareholder
servicing,
prospectus,
and
shareholder
report
expenses
incurred
by
each
class
are
charged
directly
to
the
class
to
which
they
relate.
Expenses
common
to
all
classes,
investment
income,
and
realized
and
unrealized
gains
and
losses
are
allocated
to
the
classes
based
upon
the
relative
daily
net
assets
of
each
class.
Capital
Transactions
 Each
investor’s
interest
in
the
net
assets
of
the
fund
is
represented
by
fund
shares.
The
fund’s
net
asset
value
(NAV)
per
share
is
computed
at
the
close
of
the
New
York
Stock
Exchange
(NYSE),
normally
4
p.m.
Eastern
time,
each
day
the
NYSE
is
open
for
business.
However,
the
NAV
per
share
may
be
calculated
at
a
time
other
than
the
normal
close
of
the
NYSE
if
trading
on
the
NYSE
is
restricted,
if
the
NYSE
closes
earlier,
or
as
may
be
permitted
by
the
SEC.
Purchases
and
redemptions
of
fund
shares
are
transacted
at
the
next-computed
NAV
per
share,
after
receipt
of
the
transaction
order
by
T.
Rowe
Price
Associates,
Inc.,
or
its
agents.
Indemnification
 In
the
normal
course
of
business, the
fund
may
provide
indemnification
in
connection
with
its
officers
and
directors,
service
providers,
and/or
private
company
investments. The
fund’s
maximum
exposure
under
these
arrangements
is
unknown;
however,
the
risk
of
material
loss
is
currently
considered
to
be
remote.
T.
ROWE
PRICE
Mid-Cap
Index
Fund
33
NOTE
2
-
VALUATION 
Fair
Value
  The
fund’s
financial
instruments
are
valued
at
the
close
of
the
NYSE
and
are
reported
at
fair
value,
which
GAAP
defines
as
the
price
that
would
be
received
to
sell
an
asset
or
paid
to
transfer
a
liability
in
an
orderly
transaction
between
market
participants
at
the
measurement
date. The fund’s
Board
of
Directors
(the
Board)
has
designated
T.
Rowe
Price
Associates,
Inc.
as
the
fund’s
valuation
designee
(Valuation
Designee).
Subject
to
oversight
by
the
Board,
the
Valuation
Designee
performs
the
following
functions
in
performing
fair
value
determinations:
assesses
and
manages
valuation
risks;
establishes
and
applies
fair
value
methodologies;
tests
fair
value
methodologies;
and
evaluates
pricing
vendors
and
pricing
agents.
The
duties
and
responsibilities
of
the
Valuation
Designee
are
performed
by
its
Valuation
Committee. The
Valuation
Designee provides
periodic
reporting
to
the
Board
on
valuation
matters.
Various
valuation
techniques
and
inputs
are
used
to
determine
the
fair
value
of
financial
instruments.
GAAP
establishes
the
following
fair
value
hierarchy
that
categorizes
the
inputs
used
to
measure
fair
value:
Level
1
quoted
prices
(unadjusted)
in
active
markets
for
identical
financial
instruments
that
the
fund
can
access
at
the
reporting
date
Level
2
inputs
other
than
Level
1
quoted
prices
that
are
observable,
either
directly
or
indirectly
(including,
but
not
limited
to,
quoted
prices
for
similar
financial
instruments
in
active
markets,
quoted
prices
for
identical
or
similar
financial
instruments
in
inactive
markets,
interest
rates
and
yield
curves,
implied
volatilities,
and
credit
spreads)
Level
3
unobservable
inputs
(including
the Valuation
Designee’s assumptions
in
determining
fair
value)
Observable
inputs
are
developed
using
market
data,
such
as
publicly
available
information
about
actual
events
or
transactions,
and
reflect
the
assumptions
that
market
participants
would
use
to
price
the
financial
instrument.
Unobservable
inputs
are
those
for
which
market
data
are
not
available
and
are
developed
using
the
best
information
available
about
the
assumptions
that
market
participants
would
use
to
price
the
financial
instrument.
GAAP
requires
valuation
techniques
to
maximize
the
use
of
relevant
observable
inputs
and
minimize
the
use
of
unobservable
inputs.
When
multiple
inputs
are
used
to
derive
fair
value,
the
financial
instrument
is
assigned
to
the
level
within
the
fair
value
hierarchy
based
on
the
lowest-level
input
that
is
significant
to
the
fair
value
of
the
financial
T.
ROWE
PRICE
Mid-Cap
Index
Fund
34
instrument.
Input
levels
are
not
necessarily
an
indication
of
the
risk
or
liquidity
associated
with
financial
instruments
at
that
level
but
rather
the
degree
of
judgment
used
in
determining
those
values.
Valuation
Techniques 
Equity
securities,
including
exchange-traded
funds, listed
or
regularly
traded
on
a
securities
exchange
or
in
the
over-the-
counter
(OTC)
market
are
valued
at
the
last
quoted
sale
price
or,
for
certain
markets,
the
official
closing
price
at
the
time
the
valuations
are
made.
OTC
Bulletin
Board
securities
are
valued
at
the
mean
of
the
closing
bid
and
asked
prices.
A
security
that
is
listed
or
traded
on
more
than
one
exchange
is
valued
at
the
quotation
on
the
exchange
determined
to
be
the
primary
market
for
such
security.
Listed
securities
not
traded
on
a
particular
day
are
valued
at
the
mean
of
the
closing
bid
and
asked
prices
for
domestic
securities.
Investments
in
mutual
funds
are
valued
at
the
mutual
fund’s
closing
NAV
per
share
on
the
day
of
valuation.
Assets
and
liabilities
other
than
financial
instruments,
including
short-term
receivables
and
payables,
are
carried
at
cost,
or
estimated
realizable
value,
if
less,
which
approximates
fair
value.
Investments
for
which
market
quotations are
not
readily
available
or
deemed
unreliable
are
valued
at
fair
value
as
determined
in
good
faith
by
the
Valuation
Designee.
The
Valuation
Designee
has
adopted
methodologies
for
determining
the
fair
value
of
investments
for
which
market
quotations
are
not
readily
available
or
deemed
unreliable,
including
the
use
of
other
pricing
sources.
Factors
used
in
determining
fair
value
vary
by
type
of
investment
and
may
include
market
or
investment
specific
considerations.
The
Valuation
Designee typically
will
afford
the
greatest
weight
to
actual
prices
in
arm’s
length
transactions,
to
the
extent
they
represent
orderly
transactions
between
market
participants,
transaction
information
can
be
reliably
obtained,
and
prices
are
deemed
representative
of
fair
value.
However,
the
Valuation
Designee may
also
consider
other
valuation
methods
such
as
market-based
valuation
multiples;
a
discount
or
premium
from
market
value
of
a
similar,
freely
traded
security
of
the
same
issuer;
discounted
cash
flows;
yield
to
maturity;
or
some
combination.
Fair
value
determinations
are
reviewed
on
a
regular
basis.
Because
any
fair
value
determination
involves
a
significant
amount
of
judgment,
there
is
a
degree
of
subjectivity
inherent
in
such
pricing
decisions. Fair
value
prices
determined
by
the
Valuation
Designee could
differ
from
those
of
other
market
participants,
and
it
is
possible
that
the
fair
value
determined
for
a
security
may
be
materially
different
from
the
value
that
could
be
realized
upon
the
sale
of
that
security.
T.
ROWE
PRICE
Mid-Cap
Index
Fund
35
Valuation
Inputs
  On
June
30,
2026,
all
of
the
fund’s
financial
instruments
were
classified
as
Level
1,
based
on
the
inputs
used
to
determine
their
fair
values. 
NOTE
3
-
OTHER
INVESTMENT
TRANSACTIONS 
Consistent
with
its
investment
objective, the
fund
engages
in
the
following
practices
to
manage
exposure
to
certain
risks
and/or
to
enhance
performance.
The
investment
objective,
policies,
program,
and
risk
factors
of the
fund
are
described
more
fully
in the
fund’s prospectus
and
Statement
of
Additional
Information.
Securities
Lending
 The fund
may
lend
its
securities
to
approved
borrowers
to
earn
additional
income.
Its
securities
lending
activities
are
administered
by
a
lending
agent
in
accordance
with
a
securities
lending
agreement.
Security
loans
generally
do
not
have
stated
maturity
dates,
and
the
fund
may
recall
a
security
at
any
time.
The
fund
receives
collateral
in
the
form
of
cash
or
U.S.
government
securities.
Collateral
is
maintained
over
the
life
of
the
loan
in
an
amount
not
less
than
the
value
of
loaned
securities;
any
additional
collateral
required
due
to
changes
in
security
values
is
delivered
to
the
fund
the
next
business
day.
Cash
collateral
is
invested
in
accordance
with
investment
guidelines
approved
by
fund
management.
Additionally,
the
lending
agent
indemnifies
the
fund
against
losses
resulting
from
borrower
default.
Although
risk
is
mitigated
by
the
collateral
and
indemnification,
the
fund
could
experience
a
delay
in
recovering
its
securities
and
a
possible
loss
of
income
or
value
if
the
borrower
fails
to
return
the
securities,
collateral
investments
decline
in
value,
and
the
lending
agent
fails
to
perform.
Any
non-cash
collateral
received
cannot
be
sold,
re-invested
or
pledged
by
the
fund,
except
in
the
event
of
borrower
default. Securities
lending
revenue
consists
of
earnings
on
invested
collateral
and
borrowing
fees,
net
of
any
rebates
to
the
borrower,
compensation
to
the
lending
agent,
and
other
administrative
costs.
In
accordance
with
GAAP,
investments
made
with
cash
collateral
are
reflected
in
the
accompanying
financial
statements,
but
collateral
received
in
the
form
of
securities
is
not.
At
June
30,
2026,
the
value
of
loaned
securities
was
$23,257,000;
the
aggregate
value
of
collateral
was
$23,799,000
and
consisted
of
cash
collateral
and
related
investments
of
$14,420,000
and
U.S.
government
securities
of
$9,379,000.
Other 
Purchases
and
sales
of
portfolio
securities
other
than
in-kind
transactions,
if
any,
and short-term securities
aggregated $239,922,000 and
$142,893,000,
respectively,
for
the
six
months ended
June
30,
2026. 
T.
ROWE
PRICE
Mid-Cap
Index
Fund
36
NOTE
4
-
FEDERAL
INCOME
TAXES
Generally,
no
provision
for
federal
income
taxes
is
required
since
the
fund
intends
to continue
to
qualify
as
a
regulated
investment
company
under
Subchapter
M
of
the
Internal
Revenue
Code
and
distribute
to
shareholders
all
of
its taxable
income
and
gains.
Distributions
determined
in
accordance
with
federal
income
tax
regulations
may
differ
in
amount
or
character
from
net
investment
income
and
realized
gains
for
financial
reporting
purposes.
Financial
reporting
records
are
adjusted
for
permanent
book/tax
differences
to
reflect
tax
character
but
are
not
adjusted
for
temporary
differences.
The
amount
and
character
of
tax-basis
distributions
and
composition
of
net
assets
are
finalized
at
fiscal
year-end;
accordingly,
tax-basis
balances
have
not
been
determined
as
of
the
date
of
this
report. 
At
June
30,
2026,
the
cost
of
investments
(including
derivatives,
if
any)
for
federal
income
tax
purposes
was
$435,182,000.
Net
unrealized
gain
aggregated
$83,085,000
at
period-end,
of
which
$111,178,000
related
to
appreciated
investments
and
$28,093,000
related
to
depreciated
investments.
NOTE
5
-
FOREIGN TAXES
The
fund
is
subject
to
foreign
income
taxes
imposed
by
certain
countries
in
which
it
invests.
Additionally,
capital
gains
realized
upon
disposition
of
securities
issued
in
or
by
certain
foreign
countries
are
subject
to
capital
gains
tax
imposed
by
those
countries.
All
taxes
are
computed
in
accordance
with
the
applicable
foreign
tax
law,
and,
to
the
extent
permitted,
capital
losses
are
used
to
offset
capital
gains.
Taxes
attributable
to
income
are
accrued
by
the
fund
as
a
reduction
of
income.
Current
and
deferred
tax
expense
attributable
to
capital
gains
is
reflected
as
a
component
of
realized
or
change
in
unrealized
gain/
loss
on
securities
in
the
accompanying
financial
statements.
To
the
extent
that
the
fund
has
country
specific
capital
loss
carryforwards,
such
carryforwards
are
applied
against
net
unrealized
gains
when
determining
the
deferred
tax
liability.
Any
deferred
tax
liability
incurred
by
the
fund
is
included
in
either
Other
liabilities
or
Deferred
tax
liability
on
the
accompanying
Statement
of
Assets
and
Liabilities.
T.
ROWE
PRICE
Mid-Cap
Index
Fund
37
NOTE
6
-
RELATED
PARTY
TRANSACTIONS
The
fund
is
managed
by
T.
Rowe
Price
Associates,
Inc.
(Price
Associates),
a
wholly
owned
subsidiary
of
T.
Rowe
Price
Group,
Inc.
(Price
Group). Price
Associates
has
entered
into
a
sub-advisory
agreement(s)
with
one
or
more
of
its
wholly
owned
subsidiaries,
to
provide
investment
advisory
services
to
the
fund. The
investment
management
agreement
between
the
fund
and
Price
Associates
provides
for
an
annual
investment
management
fee
equal
to 0.09%
of
the
fund’s
average
daily
net
assets.
The
fee
is
computed
daily
and
paid
monthly.
The
Investor
Class
is
subject
to
a
contractual
expense
limitation
through
the
expense
limitation
date
indicated
in
the
table
below.
This
agreement
will
continue
through
the
expense
limitation
date
indicated
in
the
table
below,
and
may
be
renewed,
revised,
or
revoked
only
with
approval
by
the
fund’s
Board.
During
the
limitation
period,
Price
Associates
is required
to
waive
or
pay
any
expenses
(excluding
interest;
expenses
related
to
borrowings,
taxes,
and
brokerage;
non-recurring,
extraordinary
expenses;
and
acquired
fund
fees
and
expenses)
that
would
otherwise
cause
the class’s ratio
of
annualized
total
expenses
to
average
net
assets
(net
expense
ratio)
to
exceed
its
expense
limitation.
The
class
is
required
to
repay
Price
Associates
for
expenses
previously
waived/paid
to
the
extent
the
class’s net
assets
grow
or
expenses
decline
sufficiently
to
allow
repayment
without
causing
the class’s net
expense
ratio
(after
the
repayment
is
taken
into
account)
to
exceed
the
lesser
of:
(1)
the
expense
limitation
in
place
at
the
time
such
amounts
were
waived;
or
(2)
the class’s
current
expense
limitation.
However,
no
repayment
will
be
made
more
than
three
years
after
the
date
of
a
payment
or
waiver.
The
I
Class
is
also
subject
to
an
operating
expense
limitation
(I
Class
Limit)
pursuant
to
which
Price
Associates
is
contractually
required
to
pay
all
operating
expenses
of
the
I
Class,
excluding
management
fees;
interest;
expenses
related
to
borrowings,
taxes,
and
brokerage; non-recurring,
extraordinary expenses; and
acquired
fund
fees
and
expenses, to
the
extent
such
operating
expenses,
on
an
annualized
basis,
exceed
the
I
Class
Limit. This
agreement
will
continue
through
the
expense
limitation
date
indicated
in
the
table
below,
and
may
be
renewed,
revised,
or
revoked
only
with
approval by
the
fund’s
Board.
The
I
Class
is
required
to
repay
Price
Associates
for
expenses
previously
paid
to
the
extent
the
class’s
net
assets
grow
or
expenses
decline
sufficiently
to
allow
repayment
without
causing
the
class’s
operating
expenses
(after
the
repayment
is
taken
into
account)
to
exceed
the
lesser
of:
(1)
the
I
Class
Limit
in
place
at
T.
ROWE
PRICE
Mid-Cap
Index
Fund
38
the
time
such
amounts
were
paid;
or
(2)
the
current
I
Class
Limit.
However,
no
repayment
will
be
made
more
than
three
years
after
the
date
of
a
payment
or
waiver. 
The
Z
Class
is
also
subject
to
a
contractual
expense
limitation
agreement
whereby
Price
Associates
has
agreed
to
waive
and/or
bear
all
of
the
Z
Class’
expenses
(excluding
interest;
expenses
related
to
borrowings,
taxes,
and
brokerage;
non-recurring,
extraordinary
expenses;
and
acquired
fund
fees
and
expenses)
in
their
entirety.
This
fee
waiver
and/or
expense
reimbursement
arrangement
is
expected
to
remain
in
place
indefinitely,
and
the
agreement
may
only
be
amended
or
terminated
with
approval
by
the
fund’s
Board.
Expenses
of
the
fund
waived/paid
by
the
manager
are
not
subject
to
later
repayment
by
the
fund.
Pursuant
to
these
agreements,
expenses
were waived/paid
by
and/or
repaid
to
Price
Associates
during
the six
months
ended June
30,
2026 as
indicated
in
the
table
below.
Including
these
amounts,
expenses
previously
waived/paid
by
Price
Associates
in
the
amount
of $510,000 remain
subject
to
repayment
by
the
fund
at
June
30,
2026. Any
repayment
of
expenses
previously
waived/paid
by
Price
Associates
during
the
period
would
be
included
in
the
net
investment
income
and
expense
ratios
presented
on
the
accompanying
Financial
Highlights.
In
addition,
the
fund
has
entered
into
service
agreements
with
Price
Associates
and
a
wholly
owned
subsidiary
of
Price
Associates,
each
an
affiliate
of
the
fund
(collectively,
Price).
Price
Associates
provides
certain
accounting
and
administrative
services
to
the
fund.
T.
Rowe
Price
Services,
Inc.
provides
shareholder
and
administrative
services
in
its
capacity
as
the
fund’s
transfer
and
dividend-disbursing
agent.
For
the
six
months
ended
June
30,
2026,
expenses
incurred
pursuant
to
these
service
agreements
were
$64,000
for
Price
Associates
and
less
than
$1,000
for
T.
Rowe
Price
Services,
Inc.
All
amounts
due
to
and
due
from
Price,
exclusive
of
investment
management
fees
payable,
are
presented
net
on
the
accompanying
Statement
of
Assets
and
Liabilities.
Investor
Class
I
Class
Z
Class
Expense
limitation/I
Class
Limit
0.27%
0.05%
0.00%
Expense
limitation
date
02/29/28
02/29/28
N/A
(Waived)/repaid
during
the
period
($000s)
$—
(1)
$(68)
$(218)
(1)
Amount
rounds
to
less
than
$1,000
T.
ROWE
PRICE
Mid-Cap
Index
Fund
39
T.
Rowe
Price
Investment
Services,
Inc.
(Investment
Services)
serves
as
distributor
to
the
fund.
Pursuant
to
an
underwriting
agreement,
no
compensation
for
any
distribution
services
provided
is
paid
to
Investment
Services
by
the
fund
(except
for
12b-1
fees
under
a
Board-approved
Rule
12b-1
plan).
Additionally,
the
fund
is
one
of
several
mutual
funds
in
which
certain
college
savings
plans
managed
by
Price
Associates invests.
As
approved
by
the
fund’s
Board
of
Directors,
shareholder
servicing
costs
associated
with
each
college
savings
plan
are
borne
by
the
fund
in
proportion
to
the
average
daily
value
of
its
shares
owned
by
the
college
savings
plan.
Price
has
agreed
to waive/reimburse
shareholder
servicing
costs in
excess
of
0.05%
of
the
fund’s
average
daily
value
of
its
shares
owned
by
the
college
savings
plan.
Any
amounts
waived/
paid
by
Price
under
this
voluntary
agreement
are
not
subject
to
repayment
by
the
fund.
Price
may
amend
or
terminate
this
voluntary
arrangement
at
any
time
without
prior
notice.
For
the
six
months ended
June
30,
2026,
the
fund
was
charged $31,000 for
shareholder
servicing
costs
related
to
the
college
savings
plans, which
is
net
of
a
reimbursement
by
Price
of
$3,000.
All
amounts
due
to
and
due
from
Price,
exclusive
of
investment
management
fees
payable,
are
presented
net
on
the
accompanying
Statement
of
Assets
and
Liabilities. At
June
30,
2026,
approximately
93%
of
the
outstanding
shares
of
the
I
Class
were
held
by
college
savings
plans.
Mutual
funds,
trusts,
and
other
accounts
managed
by
Price
Associates
or
its
affiliates
(collectively,
Price
Funds
and
accounts)
may
invest
in
the
fund.
No
Price
fund
or
account
may
invest
for
the
purpose
of
exercising
management
or
control
over
the
fund.
At
June
30,
2026, 100%
of
the
Z
Class's
outstanding
shares
were
held
by
Price
Funds
and
accounts.
The fund
may
invest
its
cash
reserves
in
certain
open-end
management
investment
companies
managed
by
Price
Associates
and
considered
affiliates
of
the
fund:
the
T.
Rowe
Price
Government
Reserve
Fund
or
the
T.
Rowe
Price
Treasury
Reserve
Fund,
organized
as
money
market
funds
(together,
the
Price
Reserve
Funds).
The
Price
Reserve
Funds
are
offered
as
short-term
investment
options
to
mutual
funds,
trusts,
and
other
accounts
managed
by
Price
Associates
or
its
affiliates
and
are
not
available
for
direct
purchase
by
members
of
the
public.
Cash
collateral
from
securities
lending,
if
any,
is
invested
in
the
T.
Rowe
Price
Treasury Reserve Fund. The
Price
Reserve
Funds
pay
no
investment
management
fees.
As
of
June
30,
2026,
T.
Rowe
Price
Group,
Inc.,
or
its
wholly
owned
subsidiaries,
owned
4,922
shares
of
the
Investor
Class,
representing
100%
of
the
Investor
Class's
net
assets. 
T.
ROWE
PRICE
Mid-Cap
Index
Fund
40
The fund may
participate
in
securities
purchase
and
sale
transactions
with
other
funds
or
accounts
advised
by
Price
Associates
(cross
trades),
in
accordance
with
procedures
adopted
by the
fund’s
Board
and
Securities
and
Exchange
Commission
rules,
which
require,
among
other
things,
that
such
purchase
and
sale
cross
trades
be
effected
at
the
independent
current
market
price
of
the
security.
During
the
six
months
ended
June
30,
2026,
the
fund
had
no
purchases
or
sales
cross
trades
with
other
funds
or
accounts
advised
by
Price
Associates.
NOTE
7
-
SEGMENT
REPORTING
Operating segments
are
defined
as
components
of
a
company
that
engage
in
business
activities
and
for
which
discrete
financial
information
is
available
and
regularly
reviewed
by
the
chief
operating
decision
maker
(CODM)
in
deciding
how
to
allocate
resources
and
assess
performance.
The
Management
Committee
of
Price Group
acts
as
the
fund’s
CODM.
The
fund
makes
investments
in
accordance
with
its
investment
objective
as
outlined
in
the
Prospectus
and
is
considered
one
reportable
segment
because
the
CODM
allocates
resources
and
assesses
the
operating
results
of
the
fund
on
the
whole.
The
fund’s
revenue
is
derived
from
investments
in
a
portfolio
of
securities.
The
CODM
allocates
resources
and
assesses
performance
based
on
the
operating
results
of
the
fund,
which
is
consistent
with
the
results
presented
in
the
statement
of
operations,
statement
of
changes
in
net
assets
and
financial
highlights.
The
CODM
compares
the
fund’s
performance
to
its
benchmark
index
and
evaluates
the
positioning
of
the
fund
in
relation
to
its
investment
objective.
The
measure
of
segment
assets
is
net
assets
of
the
fund
which
is
disclosed
in
the
statement
of
assets
and
liabilities.
The accounting
policies
of
the
segment
are
the
same
as
those
described
in
the
summary
of
significant
accounting
policies.
The
financial
statements
include
all
details
of
the
segment
assets,
segment
revenue
and
expenses;
and
reflect
the
financial
results
of
the
segment.
T.
ROWE
PRICE
Mid-Cap
Index
Fund
41
NOTE
8
-
OTHER
MATTERS
Unpredictable environmental,
political,
social
and
economic
events,
including
but
not
limited
to,
environmental
or
natural
disasters,
war
and
conflict,
terrorism,
geopolitical
and
regulatory
developments
(including
trading
and
tariff
arrangements),
and
public
health
epidemics
or
threats,
may
significantly
affect
the
economy
and
the
markets
and
issuers
in
which
a
fund
invests.
The
extent
and
duration
of
such
events
and
resulting
market
disruptions
cannot
be
predicted.
These
and
other
similar
events
may
cause
instability
across
global
markets,
including
reduced
liquidity
and
disruptions
in
trading
markets,
while
some
events
may
affect
certain
geographic
regions,
countries,
sectors,
and
industries
more
significantly
than
others,
and
exacerbate
other
pre-
existing
political,
social,
and
economic
risks.
The
fund’s
performance
could
be
negatively
impacted
if
the
value
of
a
portfolio
holding
were
harmed
by
these
or
such
events.
T.
ROWE
PRICE
Mid-Cap
Index
Fund
42
APPROVAL
OF
INVESTMENT
MANAGEMENT
AGREEMENT
AND
SUBADVISORY
AGREEMENT
Each
year,
the
fund’s
Board
of
Directors
(Board)
considers
the
continuation
of
the
investment
management
agreement
(Advisory
Contract)
between
the
fund
and
its
investment
adviser,
T.
Rowe
Price
Associates,
Inc.
(Adviser),
as
well
as
the
investment
subadvisory
agreement
(Subadvisory
Contract)
that
the
Adviser
has
entered
into
with
T.
Rowe
Price
International
Ltd
(Subadviser)
on
behalf
of
the
fund.
In
that
regard,
at
a
meeting
held
on
March
11-12,
2026
(Meeting),
the
Board,
including
all
of
the
fund’s
independent
directors
who
were
present
in
person
at
the
Meeting,
approved
the
continuation
of
the
fund’s
Advisory
Contract
and
Subadvisory
Contract.
At
the
Meeting,
the
Board
considered
the
factors
and
reached
the
conclusions
described
below
relating
to
the
selection
of
the
Adviser
and
Subadviser
and
the
approval
of
the
Advisory
Contract
and
Subadvisory
Contract.
The
independent
directors
were
assisted
in
their
evaluation
of
the
Advisory
Contract
and
Subadvisory
Contract
by
independent
legal
counsel
from
whom
they
received
separate
legal
advice
and
with
whom
they
met
separately.
In
providing
information
to
the
Board,
the
Adviser
was
guided
by
a
detailed
set
of
requests
for
information
submitted
by
independent
legal
counsel
on
behalf
of
the
independent
directors.
In
considering
and
approving
the
continuation
of
the
Advisory
Contract
and
Subadvisory
Contract,
the
Board
considered
the
information
it
believed
was
relevant,
including,
but
not
limited
to,
the
information
discussed
below.
The
Board
considered
not
only
the
specific
information
presented
in
connection
with
the
Meeting
but
also
the
knowledge
gained
over
time
through
interaction
with
the
Adviser
and
Subadviser
about
various
topics
and
information
provided
to
it
by
the
Adviser.
The
Board
meets
regularly
and,
at
each
of
its
meetings,
covers
an
extensive
agenda
of
topics
and
materials
and
considers
factors
that
are
relevant
to
its
annual
consideration
of
the
renewal
of
the
T.
Rowe
Price
funds’
advisory
contracts,
including
performance
and
the
services
and
support
provided
to
the
funds
and
their
shareholders.
Services
Provided
by
the
Adviser
and
Subadviser
The
Board
considered
the
nature,
quality,
and
extent
of
the
services
provided
to
the
fund
by
the
Adviser
and
Subadviser.
These
services
include,
but
are
not
limited
to,
directing
the
fund’s
investments
in
accordance
with
its
investment
program
and
the
overall
management
of
the
fund’s
portfolio,
as
well
as
a
variety
of
related
activities
such
as
financial,
investment
operations,
and
administrative
services;
compliance
and
infrastructure,
as
well
as
compliance
with
new
and
evolving
regulatory
requirements
(e.g.,
derivatives
and
liquidity
risk
management);
maintaining
the
fund’s
records
and
registrations;
and
shareholder
communications.
The
Board
also
reviewed
the
background
and
experience
of
the
Adviser’s
and
Subadviser’s
senior
management
teams
and
investment
personnel
involved
in
the
management
T.
ROWE
PRICE
Mid-Cap
Index
Fund
43
of
the
fund,
as
well
as
the
Adviser’s
compliance
record.
The
Board
concluded
that
the
information
it
considered
with
respect
to
the
nature,
quality,
and
extent
of
the
services
provided
by
the
Adviser
and
Subadviser,
as
well
as
the
other
factors
considered
at
the
Meeting,
supported
the
Board’s
approval
of
the
continuation
of
the
Advisory
Contract
and
Subadvisory
Contract.
Investment
Performance
of
the
Fund
The
Board
took
into
account
discussions
with
the
Adviser
and
detailed
reports
that
it
regularly
receives
throughout
the
year
on
relative
and
absolute
performance
for
the
T.
Rowe
Price
funds.
In
connection
with
the
Meeting,
the
Board
reviewed
information
provided
by
the
Adviser
that
compared
the
fund’s
total
returns,
as
well
as
a
wide
variety
of
other
previously
agreed-upon
performance
measures
and
market
data,
against
relevant
benchmark
indexes
and
(as
applicable)
peer
groups
of
funds
with
similar
investment
programs
for
various
periods
through
December
31,
2025.
Additionally,
the
Board
reviewed
the
fund’s
relative
performance
information
as
of
September
30,
2025,
which
ranked
the
returns
of
the
fund’s
Investor
Class
for
various
periods
against
a
universe
of
funds
with
similar
investment
programs
selected
by
Broadridge,
an
independent
provider
of
investment
company
data.
In
the
course
of
its
deliberations,
the
Board
considered
performance
information
provided
throughout
the
year
and
in
connection
with
the
Advisory
Contract
review
at
the
Meeting,
as
well
as
information
provided
during
investment
review
meetings
conducted
with
portfolio
managers
and
senior
investment
personnel
during
the
course
of
the
year
regarding
the
fund’s
performance.
The
Board
also
considered
relevant
factors,
such
as
overall
market
conditions
and
trends
that
could
adversely
impact
the
fund’s
performance,
length
of
the
fund’s
performance
track
record,
and
how
closely
the
fund’s
strategies
align
with
its
benchmarks
and
peer
groups.
The
Board
concluded
that
the
information
it
considered
with
respect
to
the
fund’s
performance,
as
well
as
the
other
factors
considered
at
the
Meeting,
supported
the
Board’s
approval
of
the
continuation
of
the
Advisory
Contract
and
Subadvisory
Contract.
Costs,
Benefits,
Profits,
and
Economies
of
Scale
The
Board
reviewed
detailed
information
regarding
the
revenues
received
by
the
Adviser
under
the
Advisory
Contract
and
other
direct
and
indirect
benefits
that
the
Adviser
(and
its
affiliates,
including
the
Subadviser)
may
have
realized
from
its
relationship
with
the
fund.
In
considering
soft-dollar
arrangements,
the
Board
noted
that
the
Adviser
may
use
brokerage
commissions
in
connection
with
certain
T.
Rowe
Price
funds’
securities
transactions
to
pay
for
research
when
permissible,
and
the
Board
considered
that
the
Adviser
may
receive
some
benefit
from
soft-
dollar
arrangements
pursuant
to
which
research
is
received
from
broker-dealers
that
execute
the
applicable
fund’s
portfolio
transactions.
APPROVAL
OF
INVESTMENT
MANAGEMENT
AGREEMENT
AND
SUBADVISORY
AGREEMENT
(continued)
T.
ROWE
PRICE
Mid-Cap
Index
Fund
44
The
Board
received
information
on
the
estimated
costs
incurred
and
profits
realized
by
the
Adviser
from
managing
the
T.
Rowe
Price
funds.
While
the
Board
did
not
review
information
regarding
profits
realized
from
managing
the
fund
in
particular
because
the
fund
had
either
not
achieved
sufficient
portfolio
asset
size
or
the
Adviser
had
not
recognized
sufficient
revenues
to
produce
meaningful
profit
margin
percentages,
the
Board
concluded
that
the
Adviser’s
profits
were
reasonable
in
light
of
the
services
provided
to
the
T.
Rowe
Price
funds.
The
Board
also
considered
whether
the
fund
benefits
under
the
fee
levels
set
forth
in
the
Advisory
Contract
or
otherwise
from
any
economies
of
scale
potentially
realized
by
the
Adviser.
Under
the
Advisory
Contract,
the
fund
pays
a
management
fee
to
the
Adviser
for
investment
management
services
based
on
the
fund’s
average
daily
net
assets
and
the
fund
pays
its
own
expenses
of
operations.
Under
the
Subadvisory
Contract,
the
Adviser
may
pay
the
Subadviser
up
to
60%
of
the
advisory
fees
that
the
Adviser
receives
from
the
fund.
The
fund’s
shareholders
benefit
from
potential
economies
of
scale
through
a
decline
in
certain
operating
expenses
as
the
fund
grows
in
size,
and
have
also
benefitted
from
management
fee
reductions
over
the
years.
In
addition,
the
fund
is
subject
to
contractual
expense
limitations
that
require
the
Adviser
to
waive
its
management
fees
and/or
bear
any
operating
expenses
that
would
otherwise
cause
the
expenses
of
a
share
class
of
the
fund
to
exceed
a
certain
percentage
based
on
the
class’s
net
assets.
The
expense
limitations
mitigate
the
potential
for
an
increase
in
operating
expenses
above
a
certain
level
that
could
impact
shareholders.
The
fund
also
offers
a
Z
Class,
which
serves
as
an
underlying
investment
within
certain
T.
Rowe
Price
fund
of
fund
arrangements.
The
Adviser
waives
its
management
fee
on
the
Z
Class
and
waives
or
bears
the
Z
Class’s
other
operating
expenses,
with
certain
exceptions.
The
Board
considered
whether
the
management
fee
and
operating
expense
waivers
on
the
Z
Class
may
present
a
means
for
cross-
subsidization
of
the
Z
Class
by
other
share
classes
of
the
fund.
In
that
regard,
the
Board
noted
that
the
Z
Class
operating
expenses
are
covered
by
the
all-inclusive
fees
charged
by
the
investing
T.
Rowe
Price
fund
of
funds
and
that
any
Z
Class
operating
expenses
not
covered
by
the
investing
T.
Rowe
Price
funds
of
funds’
fees
are
paid
by
the
Adviser
and
not
by
shareholders
of
any
other
share
class
of
the
fund.
APPROVAL
OF
INVESTMENT
MANAGEMENT
AGREEMENT
AND
SUBADVISORY
AGREEMENT
(continued)
T.
ROWE
PRICE
Mid-Cap
Index
Fund
45
In
addition,
the
Board
noted
that
the
fund
shares
in
potential
economies
of
scale
through
the
Adviser’s
ongoing
investments
in
its
business
in
support
of
the
T.
Rowe
Price
funds,
including
investments
in
trading
systems,
technology,
and
regulatory
support
enhancements,
and
the
ability
to
possibly
negotiate
lower
fee
arrangements
with
third-party
service
providers.
The
Board
concluded
that
the
management
fee
structure
for
the
fund
provides
for
a
reasonable
sharing
of
benefits
from
potential
economies
of
scale
with
the
fund
and
its
investors.
Fees
and
Expenses
The
Board
was
provided
with
information
regarding
industry
trends
in
management
fees
and
expenses.
Among
other
things,
the
Board
reviewed
data
for
peer
groups
that
were
compiled
by
Broadridge,
which
compared:
(i)
contractual
management
fees,
actual
management
fees,
and
total
expenses
of
the
fund’s
Investor
Class
and
I
Class
with
a
group
of
competitor
funds
selected
by
Broadridge
(Expense
Group);
and
(ii)
actual
management
fees
and
total
expenses
of
the
fund’s
Investor
Class
and
I
Class
with
a
broader
set
of
funds
within
the
Lipper
investment
classification
(Expense
Universe).
The
Board
considered
the
fund’s
contractual
management
fee
rate,
actual
management
fee
rate
(which
reflects
the
management
fees
actually
received
from
the
fund
by
the
Adviser
after
any
applicable
waivers,
reductions,
or
reimbursements),
operating
expenses,
and
total
expenses
(which
reflect
the
net
total
expense
ratio
of
the
fund
after
any
waivers,
reductions,
or reimbursements)
in
comparison
with
the
information
for
the
Broadridge
peer
groups.
Broadridge
generally
constructed
the
peer
groups
by
seeking
the
most
comparable
funds
based
on
similar
investment
classifications
and
objectives,
expense
structure,
asset
size,
and
operating
components
and
attributes
and
ranked
funds
into
quintiles,
with
the
first
quintile
representing
the
funds
with
the
lowest
relative
expenses
and
the
fifth
quintile
representing
the
funds
with
the
highest
relative
expenses.
The
information
provided
to
the
Board
for
the
fund’s
Investor
Class
indicated
that
the
contractual
management
fee
ranked
in
the
first
quintile
(Expense
Group),
the
actual
management
fee
rate
ranked
in
the
second
quintile
(Expense
Group)
and
third
quintile
(Expense
Universe),
and
the
fund’s
total
expenses
ranked
in
the
fourth
quintile
(Expense
Group
and
Expense
Universe).
The
information
provided
to
the
Board
for
the
fund’s
I
Class
indicated
that
the
contractual
management
fee
ranked
in
the
first
quintile
(Expense
Group),
the
actual
management
fee
rate
ranked
in
the
first
quintile
(Expense
Group
and
Expense
Universe),
and
the
fund’s
total
expenses
ranked
in
the
second
quintile
(Expense
Group)
and
third
quintile
(Expense
Universe).
APPROVAL
OF
INVESTMENT
MANAGEMENT
AGREEMENT
AND
SUBADVISORY
AGREEMENT
(continued)
T.
ROWE
PRICE
Mid-Cap
Index
Fund
46
The
Board
was
provided
the
fee
schedules
and
other
account
fee
information
for
certain
comparable
investment
portfolios
that
are
advised
or
subadvised
by
the
Adviser
and
its
affiliates,
including
separately
managed
accounts
for
institutional
investors;
subadvised
funds;
and
other
sponsored
investment
portfolios
that
are
not
registered
investment
companies,
including
collective
investment
trusts
and
pooled
vehicles
organized
and
offered
to
investors
outside
the
United
States.
The
fee
schedules
and
account
fee
information,
which
are
subject
to
change,
may
be
negotiated
under
certain
circumstances
and
may
differ
across
regions.
Management
provided
the
Board
with
information
about
the
Adviser’s
responsibilities
and
services
provided
to
subadvisory
clients
and
other
types
of
clients,
including
information
about
how
the
requirements,
economics
and
risks
of
the
domestic
and
international
businesses
may
differ
from
those
of
the
proprietary
mutual
fund
and
ETF
(“registered
fund”)
business.
The
Board
considered
information
showing
that
the
Adviser’s
proprietary
registered
fund
business
is
generally
more
complex
from
a
business
and
regulatory
perspective
than
its
other
domestic
and
international
businesses
and
considered
various
relevant
factors,
such
as
the
broader
scope
of
operations
and
oversight,
more
extensive
shareholder
communication
infrastructure,
heightened
business
risks,
and
differences
in
applicable
laws
and
regulations
associated
with
the
Adviser’s
proprietary
registered
fund
business.
In
assessing
the
reasonableness
of
the
fund’s
management
fee
rate,
the
Board
considered
the
differences
in
the
nature
of
the
services
required
for
the
Adviser
to
manage
its
registered
fund
business
versus
managing
a
discrete
pool
of
assets
as
a
subadviser
to
another
institution’s
mutual
fund
or
for
an
institutional
account
and
that
the
Adviser
generally
performs
significant
additional
services
and
assumes
greater
risk
in
managing
the
fund
and
other
T.
Rowe
Price
funds
than
it
does
for
institutional
account
clients,
including
subadvised
funds.
On
the
basis
of
the
information
provided
and
the
factors
considered,
the
Board
concluded
that
the
fees
paid
by
the
fund
under
the
Advisory
Contract
are
reasonable.
Approval
of
the
Advisory
Contract
and
Subadvisory
Contract
As
noted,
the
Board
approved
the
continuation
of
the
Advisory
Contract
and
Subadvisory
Contract.
No
single
factor
was
considered
in
isolation
or
to
be
determinative
to
the
decision.
Rather,
the
Board
concluded,
in
light
of
a
weighting
and
balancing
of
all
factors
considered,
that
it
was
in
the
best
interests
of
the
fund
and
its
shareholders
for
the
Board
to
approve
the
continuation
of
the
Advisory
Contract
and
Subadvisory
Contract
(including
the
fees
to
be
charged
for
services
thereunder).
APPROVAL
OF
INVESTMENT
MANAGEMENT
AGREEMENT
AND
SUBADVISORY
AGREEMENT
(continued)
1307
Point
Street
Baltimore,
Maryland
21231
T.
Rowe
Price
Investment
Services,
Inc.
Call
1-800-638-5660
to
request
a
prospectus
or
summary
prospectus;
each
includes
investment
objectives,
risks,
fees,
expenses,
and
other
information
that
you
should
read
and
consider
carefully
before
investing.
F32-051
8/26


Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.

Not applicable.

Item 9. Proxy Disclosures for Open-End Management Investment Companies.

Not applicable.

Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.

Remuneration paid to Directors is included in Item 7 of this Form N-CSR.

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.

If applicable, see Item 7.

Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 13. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

Item 15. Submission of Matters to a Vote of Security Holders.

There has been no change to the procedures by which shareholders may recommend nominees to the registrant’s board of directors.

Item 16. Controls and Procedures.

(a) The registrant’s principal executive officer and principal financial officer have evaluated the registrant’s disclosure controls and procedures within 90 days of this filing and have concluded that the registrant’s disclosure controls and procedures were effective, as of that date, in ensuring that information required to be disclosed by the registrant in this Form N-CSR was recorded, processed, summarized, and reported timely.

(b) The registrant’s principal executive officer and principal financial officer are aware of no change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Not applicable.

Item 18. Recovery of Erroneously Awarded Compensation.

Not applicable.

 


Item 19. Exhibits.

 

(a)(1)

 

The registrant’s code of ethics pursuant to Item 2 of Form N-CSR is filed with the registrant’s annual Form N-CSR.

    (2)

 

Listing standards relating to recovery of erroneously awarded compensation: Not applicable.

    (3)

 

Separate certifications by the registrant’s principal executive officer and principal financial officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 and required by Rule 30a-2(a) under the Investment Company Act of 1940, are attached.

(b)

 

A certification by the registrant’s principal executive officer and principal financial officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and required by Rule 30a-2(b) under the Investment Company Act of 1940, is attached.

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

T. Rowe Price Index Trust, Inc.
By  

/s/ David Oestreicher

     
  David Oestreicher  
  Principal Executive Officer  
Date    August 19, 2026  

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By  

/s/ David Oestreicher

 
  David Oestreicher      
  Principal Executive Officer  
Date   

August 19, 2026

 

 

By  

/s/ Alan S. Dupski

     
  Alan S. Dupski  
  Principal Financial Officer  
Date   

August 19, 2026

 
 

ATTACHMENTS / EXHIBITS

ATTACHMENTS / EXHIBITS

302 CERTIFICATIONS

906 CERTIFICATIONS

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