T. Rowe Price International Index Fund Inc.
06/22/2026 | Press release | Distributed by Public on 06/22/2026 07:14
Semi-Annual Report by Investment Company (Form N-CSRS)
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: 811-10063
T. Rowe Price International Index Fund, 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: October 31
Date of reporting period: April 30, 2026
Item 1. Reports to Shareholders
(a) Report pursuant to Rule 30e-1
Semi-Annual Shareholder Report
April 30, 2026
International Equity Index Fund
Investor Class (PIEQX)
This semi-annual shareholder report contains important information about International Equity Index Fund (the "fund") for the period of November 1, 2025 to April 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 [email protected] 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
|
|
|
International Equity Index Fund - Investor Class
|
$13
|
0.24%
|
What are some fund statistics?
Fund Statistics
Table Summary
|
Total Net Assets (000s)
|
$2,349,191
|
|
Number of Portfolio Holdings
|
698
|
Table Summary
|
Portfolio Turnover Rate
|
1.4%
|
What did the fund invest in?
Sector Allocation (as a % of Net Assets)
Table Summary
|
Financials
|
25.0%
|
|
Industrials & Business Services
|
19.3
|
|
Health Care
|
10.3
|
|
Information Technology
|
9.6
|
|
Consumer Discretionary
|
7.5
|
|
Consumer Staples
|
6.6
|
|
Materials
|
6.0
|
|
Utilities
|
4.2
|
|
Energy
|
4.1
|
|
Other
|
7.4
|
Top Ten Holdings (as a % of Net Assets)
Table Summary
|
ASML Holding
|
2.6%
|
|
HSBC Holdings
|
1.4
|
|
Roche Holding
|
1.4
|
|
AstraZeneca
|
1.3
|
|
Novartis
|
1.3
|
|
Nestle
|
1.2
|
|
Shell
|
1.2
|
|
Siemens
|
1.0
|
|
Commonwealth Bank of Australia
|
1.0
|
|
Mitsubishi UFJ Financial Group
|
0.9
|
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
F135-053 6/26
International Equity Index Fund
Investor Class (PIEQX)
T. Rowe Price Investment Services, Inc.
1307 Point Street
Baltimore, Maryland 21231
Semi-Annual Shareholder Report
April 30, 2026
International Equity Index Fund
Z Class (TLIEX)
This semi-annual shareholder report contains important information about International Equity Index Fund (the "fund") for the period of November 1, 2025 to April 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 [email protected] 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
|
|
|
International Equity Index Fund - Z Class
|
$0
|
0.00%
|
What are some fund statistics?
Fund Statistics
Table Summary
|
Total Net Assets (000s)
|
$2,349,191
|
|
Number of Portfolio Holdings
|
698
|
Table Summary
|
Portfolio Turnover Rate
|
1.4%
|
What did the fund invest in?
Sector Allocation (as a % of Net Assets)
Table Summary
|
Financials
|
25.0%
|
|
Industrials & Business Services
|
19.3
|
|
Health Care
|
10.3
|
|
Information Technology
|
9.6
|
|
Consumer Discretionary
|
7.5
|
|
Consumer Staples
|
6.6
|
|
Materials
|
6.0
|
|
Utilities
|
4.2
|
|
Energy
|
4.1
|
|
Other
|
7.4
|
Top Ten Holdings (as a % of Net Assets)
Table Summary
|
ASML Holding
|
2.6%
|
|
HSBC Holdings
|
1.4
|
|
Roche Holding
|
1.4
|
|
AstraZeneca
|
1.3
|
|
Novartis
|
1.3
|
|
Nestle
|
1.2
|
|
Shell
|
1.2
|
|
Siemens
|
1.0
|
|
Commonwealth Bank of Australia
|
1.0
|
|
Mitsubishi UFJ Financial Group
|
0.9
|
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
F1366-053 6/26
International Equity Index Fund
Z Class (TLIEX)
T. Rowe Price Investment Services, Inc.
1307 Point Street
Baltimore, Maryland 21231
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
April
30,
2026
Financial
Statements
and
Other
Information
For
more
insights
from
T.
Rowe
Price
investment
professionals,
go
to
troweprice.com
.
T.
ROWE
PRICE
PIEQX
International
Equity
Index
Fund
TLIEX
International
Equity
Index
Fund-
.
Z Class
T.
ROWE
PRICE
International
Equity
Index
Fund
Unaudited
Financial
Highlights
2
For
a
share
outstanding
throughout
each
period
Investor
Class
6
Months
.
Ended
4/30/26
..
Year
..
..
Ended
.
10/31/25
10/31/24
10/31/23
10/31/22
10/31/21
NET
ASSET
VALUE
Beginning
of
period
$
19.94
$
16.65
$
14.06
$
12.53
$
16.86
$
12.81
Investment
activities
Net
investment
income
(1)(2)
0.27
0.51
0.46
0.43
0.44
0.39
Net
realized
and
unrealized
gain/
loss
1.76
3.23
2.60
1.46
(4.25)
3.92
Total
from
investment
activities
2.03
3.74
3.06
1.89
(3.81)
4.31
Distributions
Net
investment
income
(0.64)
(0.45)
(0.47)
(0.36)
(0.40)
(0.26)
Net
realized
gain
-
-
-
-
(0.12)
-
Total
distributions
(0.64)
(0.45)
(0.47)
(0.36)
(0.52)
(0.26)
NET
ASSET
VALUE
End
of
period
$
21.33
$
19.94
$
16.65
$
14.06
$
12.53
$
16.86
T.
ROWE
PRICE
International
Equity
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
4/30/26
..
Year
..
..
Ended
.
10/31/25
10/31/24
10/31/23
10/31/22
10/31/21
Ratios/Supplemental
Data
Total
return
(2)(3)
10.43%
23.13%
22.04%
15.12%
(23.30)%
33.89%
Ratios
to
average
net
assets:
(2)
Gross
expenses
before
waivers/
payments
by
Price
Associates
0.24%
(4)
0.25%
0.26%
0.26%
0.30%
0.40%
Net
expenses
after
waivers/
payments
by
Price
Associates
0.24%
(4)
0.25%
0.26%
0.26%
0.30%
0.40%
Net
investment
income
2.67%
(4)
2.84%
2.82%
2.93%
3.05%
2.41%
Portfolio
turnover
rate
1.4%
8.6%
4.6%
29.2%
12.9%
22.9%
Net
assets,
end
of
period
(in
thousands)
$1,190,263
$1,048,119
$778,368
$630,134
$546,336
$727,834
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
International
Equity
Index
Fund
Unaudited
Financial
Highlights
4
For
a
share
outstanding
throughout
each
period
Z
Class
6
Months
.
Ended
4/30/26
..
Year
..
..
Ended
.
11/2/20
(1)
Through
10/31/21
10/31/25
10/31/24
10/31/23
10/31/22
NET
ASSET
VALUE
Beginning
of
period
$
19.99
$
16.70
$
14.10
$
12.57
$
16.92
$
13.01
Investment
activities
Net
investment
income
(2)(3)
0.31
0.57
0.51
0.47
0.53
0.45
Net
realized
and
unrealized
gain/
loss
1.75
3.22
2.59
1.47
(4.30)
3.73
Total
from
investment
activities
2.06
3.79
3.10
1.94
(3.77)
4.18
Distributions
Net
investment
income
(0.69)
(0.50)
(0.50)
(0.41)
(0.46)
(0.27)
Net
realized
gain
-
-
-
-
(0.12)
-
Total
distributions
(0.69)
(0.50)
(0.50)
(0.41)
(0.58)
(0.27)
NET
ASSET
VALUE
End
of
period
$
21.36
$
19.99
$
16.70
$
14.10
$
12.57
$
16.92
T.
ROWE
PRICE
International
Equity
Index
Fund
Unaudited
Financial
Highlights
5
For
a
share
outstanding
throughout
each
period
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
Z
Class
6
Months
.
Ended
4/30/26
..
Year
..
..
Ended
.
11/2/20
(1)
Through
10/31/21
10/31/25
10/31/24
10/31/23
10/31/22
Ratios/Supplemental
Data
Total
return
(3)(4)
10.57%
23.41%
22.33%
15.46%
(23.05)%
32.39%
Ratios
to
average
net
assets:
(3)
Gross
expenses
before
waivers/
payments
by
Price
Associates
0.13%
(5)
0.14%
0.15%
0.15%
0.15%
0.21%
(5)
Net
expenses
after
waivers/
payments
by
Price
Associates
0.00%
(5)
0.00%
0.00%
0.00%
0.00%
0.00%
(5)
Net
investment
income
3.05%
(5)
3.16%
3.13%
3.16%
3.82%
2.74%
(5)
Portfolio
turnover
rate
1.4%
8.6%
4.6%
29.2%
12.9%
22.9%
Net
assets,
end
of
period
(in
thousands)
$1,158,928
$765,266
$301,607
$112,446
$37,194
$2,207
0%
0%
0%
0%
0%
0%
(1)
Inception
date
(2)
Per
share
amounts
calculated
using
average
shares
outstanding
method.
(3)
Includes
the
impact
of
expense-related
arrangements
with
Price
Associates.
(4)
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.
(5)
Annualized
T.
ROWE
PRICE
International
Equity
Index
Fund
April
30,
2026
Unaudited
6
Portfolio
of
Investments
‡
Shares
$
Value
(
Cost
and
value
in
$000s)
‡
ARGENTINA 0.1%
Common
Stocks 0.1%
Tenaris
(EUR) (1)
40,098
1,280
Total
Argentina
(Cost
$720)
1,280
AUSTRALIA 6.6%
Common
Stocks 6.6%
ANZ
Group
Holdings
323,104
8,582
APA
Group
140,439
1,049
Aristocrat
Leisure
59,211
2,037
ASX
20,732
908
BHP
Group
544,609
21,555
Brambles
145,363
2,379
CAR
Group
40,337
744
Cochlear
6,788
462
Coles
Group
143,674
2,290
Commonwealth
Bank
of
Australia
179,446
22,602
Computershare
55,616
1,222
CSL
51,985
4,692
Evolution
Mining
217,295
1,921
Fortescue (1)
181,312
2,613
Goodman
Group
219,091
4,747
Insurance
Australia
Group
252,816
1,375
Lottery
Corp
237,576
951
Lynas
Rare
Earths (2)
96,820
1,373
Macquarie
Group
38,807
6,667
Medibank
293,993
1,000
National
Australia
Bank
328,840
9,513
Northern
Star
Resources
145,485
2,230
Origin
Energy
184,230
1,611
Pro
Medicus (1)
6,116
600
Qantas
Airways
78,775
482
QBE
Insurance
Group
161,189
2,611
REA
Group (1)
5,630
697
Rio
Tinto (1)
39,791
4,874
Santos
347,520
2,002
Scentre
Group
557,744
1,499
SGH
21,663
614
Sigma
Healthcare
554,860
1,122
Sonic
Healthcare
50,047
716
T.
ROWE
PRICE
International
Equity
Index
Fund
7
Shares
$
Value
(Cost
and
value
in
$000s)
South32
479,730
1,422
Stockland
258,265
757
Suncorp
Group
115,766
1,441
Telstra
Group
421,300
1,618
Transurban
Group
333,614
3,381
Vicinity
416,813
758
Washington
H.
Soul
Pattinson (1)
36,521
1,114
Wesfarmers
121,674
6,464
Westpac
Banking
366,670
10,258
WiseTech
Global (1)
21,476
676
Woodside
Energy
Group (1)
203,702
4,870
Woolworths
Group (1)
130,851
3,249
Xero (2)
18,144
1,066
Total
Australia
(Cost
$117,789)
154,814
AUSTRIA 0.3%
Common
Stocks 0.3%
BAWAG
Group
8,233
1,410
Erste
Group
Bank
32,983
3,645
OMV
15,730
1,110
Raiffeisen
Bank
International
13,864
756
Verbund
7,241
546
Total
Austria
(Cost
$5,066)
7,467
BELGIUM 1.1%
Common
Stocks 1.1%
Ageas
15,946
1,250
Anheuser-Busch
InBev
105,954
8,006
Argenx (1)(2)
6,632
5,201
D'ieteren
Group (1)
2,282
472
Elia
Group (1)
4,652
771
Financiere
de
Tubize (1)
2,129
490
Groupe
Bruxelles
Lambert
8,524
796
KBC
Group
24,604
3,275
Lotus
Bakeries (1)
44
530
Sofina (1)
1,753
449
Syensqo (1)
7,732
513
UCB (1)
13,542
3,687
Total
Belgium
(Cost
$17,513)
25,440
T.
ROWE
PRICE
International
Equity
Index
Fund
8
Shares
$
Value
(Cost
and
value
in
$000s)
CHILE 0.1%
Common
Stocks 0.1%
Antofagasta
(GBP)
42,200
2,047
Total
Chile
(Cost
$928)
2,047
DENMARK 1.6%
Common
Stocks 1.6%
AP
Moller
-
Maersk,
Class
A (1)
312
734
AP
Moller
-
Maersk,
Class
B (1)
422
1,002
Carlsberg,
Class
B
10,048
1,361
Coloplast,
Class
B (1)
13,457
831
Danske
Bank
71,556
3,679
Demant (1)(2)
10,176
323
DSV (1)
21,903
5,387
Genmab (2)
6,529
1,729
Novo
Nordisk,
Class
B
345,308
14,688
Novonesis
Novozymes,
Class
B
37,716
2,317
Orsted (2)
56,508
1,511
Pandora
8,414
640
ROCKWOOL,
Class
B (1)
9,801
285
Tryg
35,874
862
Vestas
Wind
Systems
108,160
3,326
Total
Denmark
(Cost
$34,956)
38,675
FINLAND 1.3%
Common
Stocks 1.3%
Elisa
15,160
736
Fortum
47,943
1,208
Kesko,
Class
B
29,106
717
Kone,
Class
B
36,386
2,316
Metso
70,864
1,224
Neste
45,236
1,563
Nokia
567,727
7,214
Nordea
Bank
331,214
6,229
Orion,
Class
B
11,672
943
Sampo,
Class
A
257,260
2,673
Stora
Enso,
Class
R
62,053
691
UPM-Kymmene
56,444
1,691
T.
ROWE
PRICE
International
Equity
Index
Fund
9
Shares
$
Value
(Cost
and
value
in
$000s)
Wartsila
53,837
2,261
Total
Finland
(Cost
$19,453)
29,466
FRANCE 9.9%
Common
Stocks 9.9%
Accor
20,342
1,007
Aeroports
de
Paris (1)
3,681
447
Air
Liquide
62,119
13,364
Airbus
63,708
13,134
Alstom (1)(2)
35,963
723
Amundi
6,591
637
ArcelorMittal
45,639
2,650
AXA
179,263
8,641
Ayvens
36,291
491
BioMerieux
4,200
354
BNP
Paribas
107,757
11,317
Bollore
74,598
471
Bouygues
20,587
1,217
Bureau
Veritas
36,360
1,114
Capgemini
16,364
1,990
Carrefour
62,947
1,255
Cie
de
Saint-Gobain
47,715
4,372
Cie
Generale
des
Etablissements
Michelin
69,581
2,521
Covivio
5,793
383
Credit
Agricole
113,366
2,214
Danone
69,370
5,435
Dassault
Aviation
2,089
731
Dassault
Systemes
71,733
1,616
Eiffage
7,330
1,182
Engie
195,757
6,453
EssilorLuxottica
32,277
6,832
Eurofins
Scientific
12,636
878
Euronext
8,315
1,392
Gecina
4,782
404
Getlink (1)
32,244
722
Hermes
International
3,395
6,495
Ipsen
4,022
790
Kering
7,968
2,192
Klepierre
22,966
930
L'Oreal
25,752
11,091
Legrand
28,101
5,035
LVMH
Moet
Hennessy
Louis
Vuitton
26,681
14,253
T.
ROWE
PRICE
International
Equity
Index
Fund
10
Shares
$
Value
(Cost
and
value
in
$000s)
Orange
199,487
4,154
Pernod
Ricard
21,585
1,605
Publicis
Groupe
24,499
2,289
Renault
20,488
720
Rexel
23,275
984
Safran
38,123
12,242
Sanofi
117,665
11,011
Sartorius
Stedim
Biotech
3,107
574
Schneider
Electric
58,788
18,707
Societe
Generale
73,971
5,955
Sodexo (1)
9,181
467
STMicroelectronics (1)
72,526
3,951
Thales
9,922
2,726
TotalEnergies
212,944
19,798
Unibail-Rodamco-Westfield
13,029
1,582
Veolia
Environnement
67,510
2,855
Vinci
53,010
8,016
Total
France
(Cost
$170,518)
232,369
GERMANY 8.9%
Common
Stocks 8.7%
adidas
18,314
3,169
Allianz
40,791
18,631
BASF
95,654
6,135
Bayer
105,262
4,720
Bayerische
Motoren
Werke
30,043
2,749
Beiersdorf
10,355
858
Brenntag (1)
13,099
954
Commerzbank
78,494
3,244
Continental
11,739
888
CTS
Eventim
6,627
437
Daimler
Truck
Holding
49,309
2,487
Delivery
Hero (1)(2)
20,728
505
Deutsche
Bank
194,527
6,044
Deutsche
Boerse
20,181
6,192
Deutsche
Lufthansa
63,777
546
Deutsche
Post
98,592
5,838
Deutsche
Telekom
394,424
12,740
E.ON
240,591
5,342
Evonik
Industries (1)
26,600
550
Fresenius
45,213
2,190
Fresenius
Medical
Care
23,503
1,063
T.
ROWE
PRICE
International
Equity
Index
Fund
11
Shares
$
Value
(Cost
and
value
in
$000s)
GEA
Group
15,651
1,070
Hannover
Rueck
6,453
1,950
Heidelberg
Materials
14,333
3,163
Henkel
11,081
764
Hensoldt (1)
6,762
610
HOCHTIEF
1,682
905
Infineon
Technologies
139,993
9,415
Knorr-Bremse
7,742
903
LEG
Immobilien
8,042
564
Mercedes-Benz
Group
77,377
4,510
Merck
13,828
1,791
MTU
Aero
Engines
5,759
1,975
Muenchener
Rueckversicherungs-Gesellschaft
14,004
8,377
Nemetschek
6,132
445
QIAGEN (1)
22,048
752
Rational
518
379
Rheinmetall
4,931
7,864
RWE
67,748
4,933
SAP
111,969
18,799
Scout24
7,987
665
Siemens
81,495
24,217
Siemens
Energy
83,097
17,610
Siemens
Healthineers
36,185
1,484
Symrise
14,189
1,255
Talanx
6,889
898
Vonovia
81,708
2,202
Zalando (1)(2)
23,902
590
203,372
Preferred
Stocks 0.2%
Bayerische
Motoren
Werke
5,816
531
Dr.
Ing.
h.c.
F.
Porsche (1)
12,120
589
Henkel
17,137
1,247
Porsche
Automobil
Holding
16,300
593
Sartorius
2,792
713
Volkswagen (1)
22,071
2,238
5,911
Total
Germany
(Cost
$151,652)
209,283
T.
ROWE
PRICE
International
Equity
Index
Fund
12
Shares
$
Value
(Cost
and
value
in
$000s)
HONG
KONG 2.0%
Common
Stocks 2.0%
AIA
Group
1,126,600
12,369
BOC
Hong
Kong
Holdings
396,500
2,281
Brightoil
Petroleum
Holdings (2)(3)
109,000
-
CK
Asset
Holdings
205,800
1,296
CK
Hutchison
Holdings
287,300
2,399
CK
Infrastructure
Holdings
67,500
568
CLP
Holdings
175,900
1,691
Futu
Holdings,
ADR
(USD)
6,071
938
Galaxy
Entertainment
Group
211,000
900
Henderson
Land
Development (1)
154,773
612
HKT
Trust
&
HKT
404,000
655
Hong
Kong
&
China
Gas
1,196,277
1,108
Hong
Kong
Exchanges
&
Clearing
129,100
6,876
Hongkong
Land
Holdings
(USD)
112,700
891
Jardine
Matheson
Holdings
(USD)
17,400
1,186
Link
REIT
279,700
1,408
MTR (1)
165,500
707
Power
Assets
Holdings (1)
148,000
1,223
Sands
China (1)
258,000
541
Sino
Land
387,800
622
SITC
International
Holdings
143,000
599
Sun
Hung
Kai
Properties
155,000
2,714
Swire
Pacific,
Class
A
36,000
392
Techtronic
Industries
156,500
2,269
WH
Group
891,000
1,090
Wharf
Holdings (1)
111,000
368
Wharf
Real
Estate
Investment
177,100
555
Total
Hong
Kong
(Cost
$33,519)
46,258
IRELAND 0.4%
Common
Stocks 0.4%
AIB
Group
228,774
2,637
Bank
of
Ireland
Group
101,941
2,008
Kerry
Group,
Class
A
17,200
1,458
Kingspan
Group
16,367
1,514
Ryanair
Holdings
89,879
2,358
Total
Ireland
(Cost
$7,573)
9,975
T.
ROWE
PRICE
International
Equity
Index
Fund
13
Shares
$
Value
(Cost
and
value
in
$000s)
ISRAEL 1.1%
Common
Stocks 1.1%
Azrieli
Group
4,524
722
Bank
Hapoalim
133,960
3,594
Bank
Leumi
Le-Israel
158,791
4,020
Check
Point
Software
Technologies
(USD) (2)
9,179
1,032
Elbit
Systems
2,984
2,483
ICL
Group
82,227
440
Israel
Discount
Bank,
Class
A
130,799
1,455
Mizrahi
Tefahot
Bank
16,671
1,311
Monday.com
(USD) (1)(2)
4,375
288
Nice (2)
6,578
672
Nova (2)
3,171
1,583
Phoenix
Financial
24,377
1,467
Teva
Pharmaceutical
Industries,
ADR
(USD) (2)
122,858
4,309
Tower
Semiconductor (2)
12,045
2,510
Total
Israel
(Cost
$14,962)
25,886
ITALY 3.2%
Common
Stocks 3.2%
Banca
Mediolanum (1)
23,780
521
Banca
Monte
dei
Paschi
di
Siena
211,398
2,253
Banco
BPM
121,572
1,771
BPER
Banca (1)
167,503
2,473
Buzzi (1)
7,997
438
Davide
Campari-Milano (1)
63,892
474
Enel
871,928
10,180
Eni (1)
219,209
6,198
Ferrari
13,506
4,674
FinecoBank
Banca
Fineco
65,413
1,624
Generali (1)
91,320
4,092
Intesa
Sanpaolo
1,493,427
10,147
Italgas
70,830
856
Leonardo
43,333
2,706
Moncler
24,980
1,508
Poste
Italiane (1)
48,858
1,297
Prysmian
30,169
4,589
Recordati
Industria
Chimica
e
Farmaceutica
12,259
716
Snam
215,702
1,701
Stellantis,
Borsa
Italiana
S.P.A (1)(2)
215,683
1,583
T.
ROWE
PRICE
International
Equity
Index
Fund
14
Shares
$
Value
(Cost
and
value
in
$000s)
Telecom
Italia (2)
641,579
592
Telecom
Italia (2)
1,227,336
969
Terna
-
Rete
Elettrica
Nazionale (1)
150,529
1,811
UniCredit
150,298
11,615
Unipol
Assicurazioni
38,302
1,001
Total
Italy
(Cost
$48,716)
75,789
JAPAN 22.7%
Common
Stocks 22.7%
Advantest
82,200
15,348
Aeon
238,400
2,297
AGC (1)
20,500
735
Aisin
52,700
836
Ajinomoto
97,000
3,118
ANA
Holdings
16,600
276
Asahi
Group
Holdings
162,700
1,602
Asahi
Kasei
138,700
1,365
Asics
74,700
2,121
Astellas
Pharma
193,780
2,746
Bandai
Namco
Holdings
62,600
1,437
Bridgestone (1)
122,300
2,542
Canon (1)
92,900
2,390
Capcom (1)
37,000
781
Central
Japan
Railway
82,700
1,984
Chiba
Bank
60,200
831
Chubu
Electric
Power
72,900
1,254
Chugai
Pharmaceutical
72,000
3,840
Dai
Nippon
Printing
42,000
796
Daifuku
34,600
1,513
Daiichi
Life
Group
376,600
3,448
Daiichi
Sankyo
192,800
3,132
Daikin
Industries
28,300
3,999
Daito
Trust
Construction
31,300
704
Daiwa
House
Industry
60,000
1,831
Daiwa
Securities
Group (1)
142,600
1,342
Denso
187,000
2,234
Disco
9,900
4,710
East
Japan
Railway
103,300
2,255
Ebara (1)
49,500
1,693
Eisai
28,000
838
ENEOS
Holdings
289,820
2,434
FANUC
100,000
4,417
T.
ROWE
PRICE
International
Equity
Index
Fund
15
Shares
$
Value
(Cost
and
value
in
$000s)
Fast
Retailing
20,500
9,650
Fuji
Electric
15,200
1,277
FUJIFILM
Holdings
119,900
2,207
Fujikura
161,800
6,243
Fujitsu
188,700
3,787
Hankyu
Hanshin
Holdings
25,500
739
Hikari
Tsushin
1,800
437
Hitachi
491,300
15,623
Honda
Motor (1)
395,900
3,213
Hoya
36,300
6,779
Hulic (1)
49,100
554
Ibiden (1)
26,400
2,258
Idemitsu
Kosan
82,460
706
IHI
110,100
2,011
Inpex (1)
94,400
2,461
Isuzu
Motors
57,100
787
ITOCHU
637,100
7,896
Japan
Airlines
14,700
231
Japan
Exchange
Group
104,800
1,248
Japan
Post
Bank
191,500
3,286
Japan
Post
Holdings
191,000
2,215
Japan
Post
Insurance (1)
59,400
579
Japan
Tobacco (1)
128,600
4,791
JFE
Holdings
59,775
656
JX
Advanced
Metals
59,600
1,849
Kajima
45,300
1,771
Kansai
Electric
Power
101,400
1,624
Kao (1)
48,400
1,804
Kawasaki
Heavy
Industries (1)
80,900
1,663
Kawasaki
Kisen
Kaisha (1)
37,500
611
KDDI
314,200
5,142
Keyence
20,956
9,612
Kikkoman (1)
72,400
658
Kioxia
Holdings (2)
20,400
4,936
Kirin
Holdings
83,100
1,310
Komatsu
101,900
4,363
Konami
Group
10,800
1,297
Kubota
103,600
1,691
Kyocera
137,500
2,389
Kyowa
Kirin
24,600
371
Lasertec
8,600
2,377
LY (1)
293,600
772
M3 (1)
46,900
452
T.
ROWE
PRICE
International
Equity
Index
Fund
16
Shares
$
Value
(Cost
and
value
in
$000s)
Makita
23,900
887
Marubeni
151,300
5,889
MatsukiyoCocokara (1)
35,000
510
MINEBEA
MITSUMI (1)
38,700
774
Mitsubishi
345,500
11,065
Mitsubishi
Chemical
Group
132,800
779
Mitsubishi
Electric
203,800
8,179
Mitsubishi
Estate
113,800
3,243
Mitsubishi
HC
Capital
93,900
853
Mitsubishi
Heavy
Industries
343,500
10,252
Mitsubishi
UFJ
Financial
Group
1,208,890
21,715
Mitsui
264,700
9,938
Mitsui
Fudosan
283,000
3,099
Mitsui
OSK
Lines (1)
36,800
1,390
Mizuho
Financial
Group
266,910
11,478
MonotaRO (1)
26,000
309
MS&AD
Insurance
Group
Holdings
137,800
3,543
Murata
Manufacturing
178,800
5,930
NEC
138,800
3,692
Nexon
39,500
667
NIDEC (2)
89,188
1,374
Nintendo
118,300
5,787
Nippon
Building
Fund
829
696
Nippon
Paint
Holdings (1)
100,900
636
Nippon
Sanso
Holdings
18,400
649
Nippon
Steel (1)
517,360
1,905
Nippon
Yusen
KK
44,100
1,585
Nissan
Motor (1)(2)
237,000
542
Nitori
Holdings (1)
42,600
616
Nitto
Denko
72,500
1,379
Nomura
Holdings
321,700
2,577
Nomura
Research
Institute
40,281
1,087
NTT
3,200,100
3,117
Obayashi
68,000
1,599
Obic
34,500
917
Olympus (1)
118,200
1,163
Oracle
Corporation
Japan (1)
3,900
217
Oriental
Land (1)
115,500
1,607
ORIX
124,500
4,190
Osaka
Gas
38,200
1,373
Otsuka
23,600
438
Otsuka
Holdings
46,500
3,389
Pan
Pacific
International
Holdings
203,600
1,152
T.
ROWE
PRICE
International
Equity
Index
Fund
17
Shares
$
Value
(Cost
and
value
in
$000s)
Panasonic
Holdings
249,795
5,110
Rakuten
Group (2)
161,900
788
Recruit
Holdings
150,800
6,986
Renesas
Electronics
190,300
3,848
Resona
Holdings
222,300
2,780
Ryohin
Keikaku
54,000
1,251
Sanrio (1)
95,100
554
SBI
Holdings
59,980
1,210
SCREEN
Holdings (1)
17,300
1,147
Secom
42,400
1,544
Seibu
Holdings (1)
22,300
525
Sekisui
Chemical
37,900
581
Sekisui
House
63,800
1,389
Seven
&
i
Holdings
223,056
2,661
Shimadzu
25,200
586
Shimano
7,700
808
Shimizu
53,400
1,032
Shin-Etsu
Chemical
180,800
8,324
Shionogi
80,800
1,632
Shiseido (1)
42,600
870
SMC
6,100
3,000
SoftBank
3,080,800
4,336
SoftBank
Group
398,000
13,595
Sompo
Holdings
95,000
3,535
Sony
Financial
Group
646,500
580
Sony
Group
659,300
13,209
Subaru (1)
62,600
932
Sumitomo
116,800
4,343
Sumitomo
Electric
Industries
76,500
5,036
Sumitomo
Metal
Mining
26,400
1,623
Sumitomo
Mitsui
Financial
Group
392,900
13,873
Sumitomo
Mitsui
Trust
Group
67,924
2,271
Sumitomo
Realty
&
Development
65,100
2,018
Suntory
Beverage
&
Food
14,000
403
Suzuki
Motor
168,100
1,880
Sysmex
53,400
472
T&D
Holdings
49,400
1,197
Taisei
15,600
1,692
Takeda
Pharmaceutical
170,498
5,700
TDK
208,200
3,807
Terumo
142,500
1,813
TIS
22,600
493
Toho
56,100
517
T.
ROWE
PRICE
International
Equity
Index
Fund
18
Shares
$
Value
(Cost
and
value
in
$000s)
Tokio
Marine
Holdings
196,900
9,017
Tokyo
Electron
48,000
14,145
Tokyo
Gas
33,700
1,431
Tokyu
53,100
565
TOPPAN
Holdings (1)
25,100
746
Toray
Industries
148,100
1,063
Toyota
Industries (1)(2)
3,500
456
Toyota
Motor
1,016,190
19,506
Toyota
Tsusho (1)
73,900
2,901
Tsuruha
Holdings
24,300
320
Unicharm
119,000
695
West
Japan
Railway
43,700
791
Yamaha
Motor (1)
97,600
686
Yokogawa
Electric
24,300
846
Yokohama
Financial
Group
110,000
1,044
Zensho
Holdings
10,200
562
ZOZO
45,200
303
Total
Japan
(Cost
$346,197)
532,390
MEXICO 0.0%
Common
Stocks 0.0%
Fresnillo
(GBP)
23,608
1,043
Total
Mexico
(Cost
$591)
1,043
NETHERLANDS 5.2%
Common
Stocks 5.2%
ABN
AMRO
Bank,
CVA
62,414
2,173
Adyen (2)
2,702
3,049
Aegon
137,226
1,137
AerCap
Holdings
(USD)
17,926
2,549
Akzo
Nobel (1)
18,269
1,072
ASM
International
5,022
4,913
ASML
Holding
41,627
60,174
ASR
Nederland
16,762
1,273
BE
Semiconductor
Industries (1)
7,817
2,287
Coca-Cola
Europacific
Partners
(USD)
22,243
2,104
CSG (2)
20,757
450
CVC
Capital
Partners (1)
21,552
328
DSM-Firmenich
18,461
1,379
EXOR
9,971
782
Heineken (1)
30,832
2,400
T.
ROWE
PRICE
International
Equity
Index
Fund
19
Shares
$
Value
(Cost
and
value
in
$000s)
Heineken
Holding
13,838
983
ING
Groep
313,053
9,060
Koninklijke
Ahold
Delhaize (1)
95,488
4,479
Koninklijke
KPN
409,674
2,191
Koninklijke
Philips
82,455
2,175
Magnum
Ice
Cream (1)(2)
52,192
763
Nebius
Group
(USD) (1)(2)
22,860
3,160
NN
Group
28,155
2,464
Prosus
140,236
6,789
Randstad (1)
11,262
334
Universal
Music
Group
117,833
2,471
Wolters
Kluwer
24,880
1,942
Total
Netherlands
(Cost
$73,626)
122,881
NEW
ZEALAND 0.2%
Common
Stocks 0.2%
Auckland
International
Airport
180,878
883
Contact
Energy
94,518
531
Fisher
&
Paykel
Healthcare
62,773
1,353
Infratil
101,196
745
Meridian
Energy
136,897
460
Total
New
Zealand
(Cost
$3,298)
3,972
NORWAY 0.7%
Common
Stocks 0.7%
Aker
BP
33,775
1,320
DNB
Bank
94,935
2,875
Equinor
82,151
3,343
Gjensidige
Forsikring
21,287
598
Kongsberg
Gruppen
47,032
1,573
Mowi
50,693
1,125
Norsk
Hydro
148,141
1,640
Orkla
74,812
923
Salmar
6,862
416
Telenor
65,767
1,084
Yara
International
17,679
1,029
Total
Norway
(Cost
$10,334)
15,926
T.
ROWE
PRICE
International
Equity
Index
Fund
20
Shares
$
Value
(Cost
and
value
in
$000s)
POLAND 0.0%
Common
Stocks 0.0%
InPost
(EUR) (2)
26,562
476
Total
Poland
(Cost
$448)
476
PORTUGAL 0.2%
Common
Stocks 0.2%
Banco
Comercial
Portugues,
Class
R
784,273
838
Banco
Espirito
Santo (3)
127,132
-
EDP
335,728
1,831
EDP
Renovaveis (1)
33,547
561
Galp
Energia
44,556
1,042
Jeronimo
Martins
30,184
725
Total
Portugal
(Cost
$4,140)
4,997
RUSSIAN
FEDERATION 0.0%
Common
Stocks 0.0%
Evraz
(GBP) (2)(3)
21,218
-
Total
Russian
Federation
(Cost
$137)
-
SINGAPORE 1.6%
Common
Stocks 1.6%
CapitaLand
Ascendas
REIT
439,297
864
CapitaLand
Integrated
Commercial
Trust
650,671
1,212
CapitaLand
Investment
249,100
546
DBS
Group
Holdings
228,250
10,525
Grab
Holdings,
Class
A
(USD) (2)
253,990
970
Keppel
155,700
1,333
Keppel
REIT
16,800
12
Oversea-Chinese
Banking
362,825
6,260
Sea,
ADR
(USD) (2)
42,403
3,599
Sembcorp
Industries
94,900
498
Singapore
Airlines
168,332
834
Singapore
Exchange
91,600
1,566
Singapore
Technologies
Engineering
166,900
1,414
Singapore
Telecommunications
795,750
2,882
United
Overseas
Bank
133,920
3,814
T.
ROWE
PRICE
International
Equity
Index
Fund
21
Shares
$
Value
(Cost
and
value
in
$000s)
Wilmar
International
204,500
583
Yangzijiang
Shipbuilding
Holdings
275,700
940
Total
Singapore
(Cost
$27,493)
37,852
SPAIN 3.8%
Common
Stocks 3.8%
Acciona (1)
2,634
767
ACS
Actividades
de
Construccion
y
Servicios
19,002
2,739
Aena (1)
80,277
2,193
Amadeus
IT
Group
48,240
2,784
Banco
Bilbao
Vizcaya
Argentaria
612,089
13,516
Banco
de
Sabadell (1)
537,623
2,084
Banco
Santander
1,575,081
19,220
Bankinter
72,035
1,199
CaixaBank
414,004
5,270
Cellnex
Telecom
51,324
1,728
Endesa
33,967
1,523
Ferrovial
55,022
3,778
Grifols (1)
30,957
326
Iberdrola
689,879
16,174
Indra
Sistemas (1)
9,898
569
Industria
de
Diseno
Textil (1)
116,919
6,998
International
Consolidated
Airlines
Group
125,855
635
Mapfre
95,879
469
Naturgy
Energy
Group
28,459
895
Redeia
43,266
757
Repsol
120,842
3,246
Telefonica (1)
394,280
1,779
Total
Spain
(Cost
$55,467)
88,649
SWEDEN 3.5%
Common
Stocks 3.5%
AddTech,
Class
B
27,754
1,019
Alfa
Laval (1)
30,953
1,863
Assa
Abloy,
Class
B (1)
107,383
4,133
Atlas
Copco,
Class
A (1)
287,847
5,532
Atlas
Copco,
Class
B (1)
167,140
2,850
Beijer
Ref (1)
43,538
617
Boliden (1)
30,400
1,598
Epiroc,
Class
A (1)
70,508
2,035
Epiroc,
Class
B (1)
41,627
1,037
T.
ROWE
PRICE
International
Equity
Index
Fund
22
Shares
$
Value
(Cost
and
value
in
$000s)
EQT (1)
52,831
1,724
Essity,
Class
B
64,516
1,713
Evolution
14,189
1,000
Fastighets
Balder,
Class
B (1)(2)
76,253
456
H
&
M
Hennes
&
Mauritz,
Class
B (1)
52,688
946
Hexagon,
Class
B (1)
222,253
2,428
Holmen,
Class
B (1)
7,133
246
Industrivarden,
Class
A
12,002
638
Industrivarden,
Class
C (1)
16,656
876
Indutrade
29,102
629
Investment
AB
Latour,
Class
B (1)
15,010
345
Investor,
Class
B (1)
195,294
7,926
L
E
Lundbergforetagen,
Class
B
8,073
468
Lifco,
Class
B (1)
24,858
782
Nibe
Industrier,
Class
B (1)
161,533
734
Saab,
Class
B
34,280
2,081
Sagax,
Class
B (1)
23,344
465
Sandvik (1)
114,246
4,806
Securitas,
Class
B (1)
52,477
881
Skandinaviska
Enskilda
Banken,
Class
A
162,137
3,209
Skanska,
Class
B
36,331
981
SKF,
Class
B (1)
36,405
917
Spotify
Technology
(USD) (2)
16,784
7,495
Svenska
Cellulosa,
Class
B (1)
64,849
743
Svenska
Handelsbanken,
Class
A (1)
156,117
2,218
Swedbank,
Class
A
90,926
3,214
Swedish
Orphan
Biovitrum (2)
20,979
984
Tele2,
Class
B
58,493
1,199
Telefonaktiebolaget
LM
Ericsson,
Class
B
299,760
3,576
Telia
252,149
1,318
Trelleborg,
Class
B
21,644
889
Verisure
(EUR) (2)
27,348
342
Volvo,
Class
B
170,310
5,936
Total
Sweden
(Cost
$60,668)
82,849
SWITZERLAND 9.1%
Common
Stocks 9.1%
ABB
168,053
16,997
Alcon
53,535
3,996
Avolta
9,348
517
Banque
Cantonale
Vaudoise (1)
3,203
505
Barry
Callebaut (1)
380
570
T.
ROWE
PRICE
International
Equity
Index
Fund
23
Shares
$
Value
(Cost
and
value
in
$000s)
Belimo
Holding
1,051
962
BKW
2,244
449
Chocoladefabriken
Lindt
&
Spruengli
101
1,239
Chocoladefabriken
Lindt
&
Spruengli,
Registered
Shares
11
1,422
Cie
Financiere
Richemont,
Class
A
57,633
11,061
EMS-Chemie
Holding
748
638
Galderma
Group
19,752
4,144
Geberit (1)
3,632
2,454
Givaudan
990
3,530
Helvetia
Baloise
Holding
8,514
2,334
Holcim
54,670
5,080
Julius
Baer
Group
22,037
1,811
Kuehne
+
Nagel
International (1)
5,162
1,212
Logitech
International
16,336
1,613
Lonza
Group
7,525
4,626
Nestle
276,291
27,972
Novartis
203,873
30,130
Partners
Group
Holding (1)
2,430
2,642
Roche
Holding
75,339
30,701
Roche
Holding,
Bearer
Shares
3,422
1,431
Sandoz
Group
44,774
3,591
Schindler
Holding
4,353
1,522
Schindler
Holding,
Registered
Shares
2,504
838
SGS
17,714
1,919
Sika
16,326
3,012
Sonova
Holding
5,415
1,187
Straumann
Holding (1)
11,928
1,295
Swatch
Group (1)
3,083
716
Swiss
Life
Holding (1)
3,056
3,588
Swiss
Prime
Site
8,579
1,487
Swiss
Re (1)
32,014
5,157
Swisscom
2,772
2,345
UBS
Group
340,367
15,062
VAT
Group
2,889
2,170
Zurich
Insurance
Group
15,690
10,939
Total
Switzerland
(Cost
$145,774)
212,864
UNITED
ARAB
EMIRATES 0.0%
Common
Stocks 0.0%
NMC
Health
(GBP) (2)(3)
3,218
-
Total
United
Arab
Emirates
(Cost
$125)
-
T.
ROWE
PRICE
International
Equity
Index
Fund
24
Shares
$
Value
(Cost
and
value
in
$000s)
UNITED
KINGDOM 14.5%
Common
Stocks 14.5%
3i
Group
106,411
3,701
Admiral
Group
27,828
1,279
Airtel
Africa
98,360
475
Anglo
American
119,936
5,935
Associated
British
Foods
34,370
856
AstraZeneca
166,314
31,553
Autotrader
Group
87,707
590
Aviva
327,422
2,777
BAE
Systems
321,672
8,947
Barclays
1,483,737
8,721
Barratt
Redrow
143,924
490
BP
1,687,936
13,361
British
American
Tobacco
233,549
13,755
BT
Group
639,886
1,881
Bunzl
34,635
1,142
Centrica
489,868
1,431
Coca-Cola
HBC
23,314
1,360
Compass
Group
(USD)
182,217
5,149
Diageo
238,561
4,824
Endeavour
Mining
20,636
1,246
Entain
64,576
477
Experian
98,285
3,596
Glencore
1,069,245
8,310
GSK
436,932
11,455
Haleon
954,300
4,407
Halma
40,643
2,446
HSBC
Holdings
1,841,821
33,889
Imperial
Brands
80,686
3,065
Informa
137,667
1,488
InterContinental
Hotels
Group
(USD)
15,420
2,205
Intertek
Group
16,438
1,059
J
Sainsbury
183,339
819
JD
Sports
Fashion
255,433
235
Kingfisher
180,470
710
Land
Securities
Group
75,349
606
Legal
&
General
Group
609,759
2,093
Lloyds
Banking
Group
6,312,214
8,580
London
Stock
Exchange
Group
49,125
6,374
M&G
244,362
1,004
T.
ROWE
PRICE
International
Equity
Index
Fund
25
Shares
$
Value
(Cost
and
value
in
$000s)
Marks
&
Spencer
Group
219,624
988
Melrose
Industries
134,093
880
National
Grid
532,640
9,535
NatWest
Group
857,176
6,837
Next
12,450
2,197
Pearson
61,063
901
Prudential
272,758
4,110
Reckitt
Benckiser
Group
69,119
4,398
RELX
195,169
7,117
Rentokil
Initial
270,242
1,822
Rio
Tinto
121,026
12,192
Rolls-Royce
Holdings
900,421
14,489
Sage
Group
102,011
1,217
Schroders
75,222
592
Segro
137,429
1,302
Severn
Trent
28,956
1,287
Shell
611,171
27,788
Smith
&
Nephew
86,294
1,335
Smiths
Group
33,872
1,169
Spirax
Group
7,848
766
SSE
129,334
4,631
Standard
Chartered
205,672
5,237
Standard
Life
75,111
773
Sunbelt
Rentals
Holdings
44,590
3,352
Tesco
684,281
4,483
Unilever
233,804
13,634
United
Utilities
Group
72,885
1,445
Vodafone
Group
2,008,363
3,196
Whitbread
17,536
533
Wise,
Class
A (2)
71,141
1,017
Total
United
Kingdom
(Cost
$247,072)
341,514
UNITED
STATES 0.0%
Equity
Funds 0.0%
iShares
Core
MSCI
EAFE
ETF
6,508
622
Total
United
States
(Cost
$473)
622
T.
ROWE
PRICE
International
Equity
Index
Fund
26
Shares
$
Value
(Cost
and
value
in
$000s)
SHORT-TERM
INVESTMENTS 3.5%
Money
Market
Funds 3.5%
T.
Rowe
Price
Government
Reserve
Fund,
3.72% (4)(5)
82,958,065
82,958
Total
Short-Term
Investments
(Cost
$82,958)
82,958
SECURITIES
LENDING
COLLATERAL 2.6%
INVESTMENTS
IN
A
POOLED
ACCOUNT
THROUGH
SECURITIES
LENDING
PROGRAM
WITH
JPMORGAN
CHASE
BANK 2.6%
Money
Market
Funds 2.6%
T.
Rowe
Price
Treasury
Reserve
Fund,
3.71% (4)(5)
60,338,678
60,339
Total
Investments
in
a
Pooled
Account
through
Securities
Lending
Program
with
JPMorgan
Chase
Bank
60,339
Total
Securities
Lending
Collateral
(Cost
$60,339)
60,339
Total
Investments
in
Securities
104.2%
of
Net
Assets
(Cost
$1,742,505)
$
2,448,081
‡
Country
classifications
are
generally
based
on
MSCI
categories
or
another
unaffiliated
third
party
data
provider;
Shares
and
Notional
Amount
are
denominated
in
the
currency
of
the
country
presented
unless
otherwise
noted.
(1)
See
Note
4
.
All
or
a
portion
of
this
security
is
on
loan
at
April
30,
2026.
(2)
Non-income
producing
(3)
See
Note
2.
Level
3
in
fair
value
hierarchy.
(4)
Seven-day
yield
(5)
Affiliated
Companies
ADR
American
Depositary
Receipts
CVA
Dutch
Certificate
(Certificaten
Van
Aandelen)
ETF
Exchange-Traded
Fund
EUR
Euro
GBP
British
Pound
USD
U.S.
Dollar
T.
ROWE
PRICE
International
Equity
Index
Fund
27
FUTURES
CONTRACTS
($000s)
Expiration
Date
Notional
Amount
Value
and
Unrealized
Gain
(Loss)
Long,
258
MSCI
EAFE
Index
contracts
6/26
39,295
$
999
Net
payments
(receipts)
of
variation
margin
to
date
(140)
Variation
margin
receivable
(payable)
on
open
futures
contracts
$
859
T.
ROWE
PRICE
International
Equity
Index
Fund
28
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
April
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,
3.72%
$
-
$
-
$
1,039++
T.
Rowe
Price
Treasury
Reserve
Fund,
3.71%
-
-
-++
Totals
$
-#
$
-
$
1,039+
Supplementary
Investment
Schedule
Affiliate
Value
10/31/24
Purchase
Cost
Sales
Cost
Value
4/30/26
T.
Rowe
Price
Government
Reserve
Fund,
3.72%
$
132,672
¤
¤
$
82,958
T.
Rowe
Price
Treasury
Reserve
Fund,
3.71%
-
¤
¤
60,339
Total
$
143,297^
#
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
4
.
+
Investment
income
comprised
$1,039
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
$143,297.
T.
ROWE
PRICE
International
Equity
Index
Fund
April
30,
2026
Unaudited
Statement
of
Assets
and
Liabilities
29
($000s,
except
shares
and
per
share
amounts)
Assets
Investments
in
securities,
at
value
(cost
$1,742,505)
$
2,448,081
Dividends
receivable
8,060
Receivable
for
shares
sold
5,809
Foreign
currency
(cost
$3,314)
3,326
Cash
2,214
Cash
deposits
on
futures
contracts
1,303
Variation
margin
receivable
on
futures
contracts
859
Receivable
for
investment
securities
sold
291
Due
from
affiliates
60
Other
assets
6,194
Total
assets
2,476,197
Liabilities
Payable
for
investment
securities
purchased
65,756
Obligation
to
return
securities
lending
collateral
60,339
Payable
for
shares
redeemed
547
Investment
management
fees
payable
171
Other
liabilities
193
Total
liabilities
127,006
NET
ASSETS
$
2,349,191
T.
ROWE
PRICE
International
Equity
Index
Fund
April
30,
2026
Unaudited
Statement
of
Assets
and
Liabilities
30
($000s,
except
shares
and
per
share
amounts)
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
Net
Assets
Consist
of:
Total
distributable
earnings
(loss)
$
652,900
Paid-in
capital
applicable
to
110,052,430
shares
of
$0.01
par
value
capital
stock
outstanding;
1,000,000,000
shares
of
the
Corporation
authorized
1,696,291
NET
ASSETS
$
2,349,191
NET
ASSET
VALUE
PER
SHARE
Investor
Class
(Net
assets:
$1,190,263;
Shares
outstanding:
55,795,309)
$
21.33
Z
Class
(Net
assets:
$1,158,928;
Shares
outstanding:
54,257,121)
$
21.36
T.
ROWE
PRICE
International
Equity
Index
Fund
Unaudited
Statement
of
Operations
31
($000s)
6
Months
Ended
4/30/26
Investment
Income
(Loss)
Income
Dividend
(net
of
foreign
taxes
of
$2,890)
$
30,861
Securities
lending
254
Other
10
Total
income
31,125
Expenses
Investment
management
942
Shareholder
servicing
Investor
Class
601
Prospectus
and
shareholder
reports
Investor
Class
$
12
Z
Class
2
14
Custody
and
accounting
254
Registration
90
Legal
and
audit
40
Directors
3
Miscellaneous
21
Waived
/
paid
by
Price
Associates
(626)
Total
expenses
1,339
Net
investment
income
29,786
T.
ROWE
PRICE
International
Equity
Index
Fund
Unaudited
Statement
of
Operations
32
($000s)
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
6
Months
Ended
4/30/26
Realized
and
Unrealized
Gain
/
Loss
-
Net
realized
gain
(loss)
Securities
(634)
Futures
4,148
Foreign
currency
transactions
(258)
Net
realized
gain
3,256
Change
in
net
unrealized
gain
/
loss
Securities
170,515
Futures
837
Other
assets
and
liabilities
denominated
in
foreign
currencies
769
Change
in
net
unrealized
gain
/
loss
172,121
Net
realized
and
unrealized
gain
/
loss
175,377
INCREASE
IN
NET
ASSETS
FROM
OPERATIONS
$
205,163
T.
ROWE
PRICE
International
Equity
Index
Fund
Unaudited
Statement
of
Changes
in
Net
Assets
33
($000s)
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
6
Months
Ended
4/30/26
Year
Ended
10/31/25
Increase
(Decrease)
in
Net
Assets
Operations
Net
investment
income
$
29,786
$
42,913
Net
realized
gain
(loss)
3,256
(9,801)
Change
in
net
unrealized
gain
/
loss
172,121
282,736
Increase
in
net
assets
from
operations
205,163
315,848
Distributions
to
shareholders
Net
earnings
Investor
Class
(33,810)
(21,411)
Z
Class
(29,434)
(10,535)
Decrease
in
net
assets
from
distributions
(63,244)
(31,946)
Capital
share
transactions
*
Shares
sold
Investor
Class
144,205
347,764
Z
Class
362,741
426,190
Distributions
reinvested
Investor
Class
31,439
19,905
Z
Class
29,434
10,535
Shares
redeemed
Investor
Class
(110,433)
(270,531)
Z
Class
(63,499)
(84,355)
Increase
in
net
assets
from
capital
share
transactions
393,887
449,508
Net
Assets
Increase
during
period
535,806
733,410
Beginning
of
period
1,813,385
1,079,975
End
of
period
$
2,349,191
$
1,813,385
*Share
information
(000s)
Shares
sold
Investor
Class
6,991
19,448
Z
Class
17,537
24,310
Distributions
reinvested
Investor
Class
1,596
1,232
Z
Class
1,493
652
Shares
redeemed
Investor
Class
(5,353)
(14,859)
Z
Class
(3,054)
(4,741)
Increase
in
shares
outstanding
19,210
26,042
T.
ROWE
PRICE
International
Equity
Index
Fund
Unaudited
NOTES
TO
FINANCIAL
STATEMENTS
34
T.
Rowe
Price
International
Index
Fund,
Inc. (the
corporation)
is
registered
under
the
Investment
Company
Act
of
1940
(the
1940
Act).
The
International
Equity
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
provide
long-term
capital
growth.
The
fund
has two classes
of
shares:
the
International
Equity
Index
Fund
(Investor
Class)
and
the
International
Equity
Index
Fund-Z
Class
(Z
Class).
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
both
classes;
and,
in
all
other
respects,
the
same
rights
and
obligations
as
the
other
class.
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.
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. Non-cash
dividends,
if
any,
are
recorded
T.
ROWE
PRICE
International
Equity
Index
Fund
35
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.
Currency
Translation
Assets,
including
investments,
and
liabilities
denominated
in
foreign
currencies
are
translated
into
U.S.
dollar
values
each
day
at
the
prevailing
exchange
rate,
using
the
mean
of
the
bid
and
asked
prices
of
such
currencies
against
U.S.
dollars
as
provided
by
an
outside
pricing
service.
Purchases
and
sales
of
securities,
income,
and
expenses
are
translated
into
U.S.
dollars
at
the
prevailing
exchange
rate
on
the
respective
date
of
such
transaction.
The
effect
of
changes
in
foreign
currency
exchange
rates
on
realized
and
unrealized
security
gains
and
losses
is
not
bifurcated
from
the
portion
attributable
to
changes
in
market
prices.
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
International
Equity
Index
Fund
36
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
International
Equity
Index
Fund
37
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
and
the
last
quoted
sale
or
closing
price
for
international
securities.
The
last
quoted
prices
of
non-U.S.
equity
securities
may
be
adjusted
to
reflect
the
fair
value
of
such
securities
at
the
close
of
the
NYSE,
if
the Valuation
Designee
determines
that
developments
between
the
close
of
a
foreign
market
and
the
close
of
the
NYSE
will
affect
the
value
of
some
or
all
of
the
fund's portfolio
securities.
Each
business
day,
the
Valuation
Designee uses
information
from
outside
pricing
services
to
evaluate
the
quoted
prices
of
portfolio
securities
and,
if
appropriate,
decides whether
it
is
necessary
to
adjust
quoted
prices
to
reflect
fair
value
by
reviewing
a
variety
of
factors,
including
developments
in
foreign
markets,
the
performance
of
U.S.
securities
markets,
and
the
performance
of
instruments
trading
in
U.S.
markets
that
represent
foreign
securities
and
baskets
of
foreign
securities. The Valuation
Designee
uses
outside
pricing
services
to
provide
it
with
quoted
prices
and
information
to
evaluate
or
adjust
those
prices.
The Valuation
Designee
cannot
predict
how
often
it
will
use
quoted
prices
or how
often
it
will
determine
it
necessary
to
adjust
those
prices
to
reflect
fair
value.
Investments
in
mutual
funds
are
valued
at
the
mutual
fund's
closing
NAV
per
share
on
the
day
of
valuation.
Futures
contracts
are
valued
at
closing
settlement
prices.
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
T.
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PRICE
International
Equity
Index
Fund
38
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.
Valuation
Inputs
The
following
table
summarizes
the
fund's
financial
instruments,
based
on
the
inputs
used
to
determine
their
fair
values
on
April
30,
2026
(for
further
detail
by
category,
please
refer
to
the
accompanying
Portfolio
of
Investments):
($000s)
Level
1
Level
2
Level
3
Total
Value
Assets
Common
Stocks
$
26,444
$
2,271,807
$
-
$
2,298,251
Equity
Funds
622
-
-
622
Preferred
Stocks
-
5,911
-
5,911
Short-Term
Investments
82,958
-
-
82,958
Securities
Lending
Collateral
60,339
-
-
60,339
Total
Securities
170,363
2,277,718
-
2,448,081
Futures
Contracts*
999
-
-
999
Total
$
171,362
$
2,277,718
$
-
$
2,449,080
*
The
fair
value
presented
includes
cumulative
gain
(loss)
on
open
futures
contracts;
however,
the
net
value
reflected
on
the
accompanying
Portfolio
of
Investments
is
only
the
unsettled
variation
margin
receivable
(payable)
at
that
date.
T.
ROWE
PRICE
International
Equity
Index
Fund
39
NOTE
3
-
DERIVATIVE
INSTRUMENTS
During
the
six
months ended
April
30,
2026,
the
fund
invested
in
derivative
instruments.
As
defined
by
GAAP,
a
derivative
is
a
financial
instrument
whose
value
is
derived
from
an
underlying
security
price,
foreign
exchange
rate,
interest
rate,
index
of
prices
or
rates,
or
other
variable;
it
requires
little
or
no
initial
investment
and
permits
or
requires
net
settlement
or
delivery
of
cash
or
other
assets.
The
fund
invests
in
derivatives
only
if
the
expected
risks
and
rewards
are
consistent
with
its
investment
objectives,
policies,
and
overall
risk
profile,
as
described
in
its
prospectus
and
Statement
of
Additional
Information.
The
fund
may
use
derivatives
for
a
variety
of
purposes
and
may
use
them
to
establish
both
long
and
short
positions
within
the
fund's
portfolio.
Potential
uses
include
to
hedge
against
declines
in
principal
value,
increase
yield,
invest
in
an
asset
with
greater
efficiency
and
at
a
lower
cost
than
is
possible
through
direct
investment,
to
enhance
return,
or
to
adjust
credit
exposure.
The
risks
associated
with
the
use
of
derivatives
are
different
from,
and
potentially
much
greater
than,
the
risks
associated
with
investing
directly
in
the
instruments
on
which
the
derivatives
are
based.
The
fund
values
its
derivatives
at
fair
value
and
recognizes
changes
in
fair
value
currently
in
its
results
of
operations.
Accordingly,
the
fund
does
not
follow
hedge
accounting,
even
for
derivatives
employed
as
economic
hedges.
Generally,
the
fund
accounts
for
its
derivatives
on
a
gross
basis.
It
does
not
offset
the
fair
value
of
derivative
liabilities
against
the
fair
value
of
derivative
assets
on
its
financial
statements,
nor
does
it
offset
the
fair
value
of
derivative
instruments
against
the
right
to
reclaim
or
obligation
to
return
collateral.
The
following
table
summarizes
the
fair
value
of
the
fund's
derivative
instruments
held
as
of
April
30,
2026,
and
the
related
location
on
the
accompanying
Statement
of
Assets
and
Liabilities,
presented
by
primary
underlying
risk
exposure:
($000s)
Location
on
Statement
of
Assets
and
Liabilities
Fair
Value*
Assets
Equity
derivatives
Futures
$
999
*
Total
$
999
*
The
fair
value
presented
includes
cumulative
gain
(loss)
on
open
futures
contracts;
however,
the
value
reflected
on
the
accompanying
Statement
of
Assets
and
Liabilities
is
only
the
unsettled
variation
margin
receivable
(payable)
at
that
date.
T.
ROWE
PRICE
International
Equity
Index
Fund
40
Additionally,
the
amount
of
gains
and
losses
on
derivative
instruments
recognized
in
fund
earnings
during
the
six
months ended
April
30,
2026,
and
the
related
location
on
the
accompanying
Statement
of
Operations
is
summarized
in
the
following
table
by
primary
underlying
risk
exposure:
Counterparty
Risk
and
Collateral
The
fund
invests
in
exchange-traded
and/or
centrally
cleared
derivative
contracts,
such
as
futures,
exchange-traded
options,
and
centrally
cleared
swaps.
Counterparty
risk
on
such
derivatives
is
minimal
because
the
clearinghouse
provides
protection
against
counterparty
defaults.
For
futures
and
centrally
cleared
swaps,
the
fund
is
required
to
deposit
collateral
in
an
amount
specified
by
the
clearinghouse
and
the
clearing
firm
(margin
requirement),
and
the
margin
requirement
must
be
maintained
over
the
life
of
the
contract.
Each
clearinghouse
and
clearing
firm,
in
its
sole
discretion,
may
adjust
the
margin
requirements
applicable
to
the
fund.
Collateral may
be
in
the
form
of
cash
or
debt
securities
issued
by
the
U.S.
government
or
related
agencies.
Cash
posted
by
the
fund
is
reflected
as
cash
deposits
in
the
accompanying
financial
statements
and
generally
is
restricted
from
withdrawal
by
the
fund;
securities
posted
by
the
fund
are
so
noted
in
the
accompanying
Portfolio
of
Investments;
both
remain
in
the
fund's
assets.
While
typically
not
sold
in
the
same
manner
as
equity
or
fixed
income
securities,
exchange-traded
or
centrally
cleared
derivatives
may
be
closed
out
only
on
the
exchange
or
clearinghouse
where
the
contracts
were
cleared.
This
ability
($000s)
Location
of
Gain
(Loss)
on
Statement
of
Operations
Futures
Realized
Gain
(Loss)
Equity
derivatives
$
4,148
Total
$
4,148
Change
in
Unrealized
Gain
(Loss)
Equity
derivatives
$
837
Total
$
837
T.
ROWE
PRICE
International
Equity
Index
Fund
41
is
subject
to
the
liquidity
of
underlying
positions. As
of
April
30,
2026,
cash
of $1,303,000 had
been
posted
by
the
fund
for
exchange-traded
and/or
centrally
cleared
derivatives.
Futures
Contracts
The
fund
is
subject
to equity
price
risk in
the
normal
course
of
pursuing
its
investment
objectives
and
uses
futures
contracts
to
help
manage
such
risk.
The
fund
may
enter
into
futures
contracts
as
an
efficient
means
of
maintaining
liquidity
while
being
invested
in
the
market,
to
facilitate
trading,
or
to
reduce
transaction
costs. A
futures
contract
provides
for
the
future
sale
by
one
party
and
purchase
by
another
of
a
specified
amount
of
a
specific
underlying
financial
instrument
at
an
agreed-upon
price,
date,
time,
and
place.
The
fund
currently
invests
only
in
exchange-traded
futures,
which
generally
are
standardized
as
to
maturity
date,
underlying
financial
instrument,
and
other
contract
terms.
Payments
are
made
or
received
by
the
fund
each
day
to
settle
daily
fluctuations
in
the
value
of
the
contract
(variation
margin),
which
reflect
changes
in
the
value
of
the
underlying
financial
instrument.
Variation
margin
is
recorded
as
unrealized
gain
or
loss
until
the
contract
is
closed.
The
value
of
a
futures
contract
included
in
net
assets
is
the
amount
of
unsettled
variation
margin;
net
variation
margin
receivable
is
reflected
as
an
asset
and
net
variation
margin
payable
is
reflected
as
a
liability
on
the
accompanying
Statement
of
Assets
and
Liabilities.
When
a
contract
is
closed,
a
realized
gain
or
loss
is
recorded
on
the
accompanying
Statement
of
Operations.
Risks
related
to
the
use
of
futures
contracts
include
possible
illiquidity
of
the
futures
markets,
contract
prices
that
can
be
highly
volatile
and
imperfectly
correlated
to
movements
in
hedged
security
values,
and
potential
losses
in
excess
of
the
fund's
initial
investment.
During
the
six
months ended
April
30,
2026,
the
volume
of
the
fund's
activity
in
futures,
based
on
underlying
notional
amounts,
was
generally
between
1%
and
4%
of
net
assets.
NOTE
4
-
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
T.
ROWE
PRICE
International
Equity
Index
Fund
42
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
April
30,
2026,
the
value
of
loaned
securities
was
$137,488,000;
the
aggregate
value
of
collateral
was
$142,530,000
and
consisted
of
cash
collateral
and
related
investments
of
$60,339,000
and
U.S.
government
securities
of
$82,191,000.
Other
Purchases
and
sales
of
portfolio
securities
other
than
in-kind
transactions,
if
any,
and short-term securities
aggregated $399,946,000 and
$28,302,000,
respectively,
for
the
six
months ended
April
30,
2026.
NOTE
5
-
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.
T.
ROWE
PRICE
International
Equity
Index
Fund
43
The
fund
intends
to
retain
realized
gains
to
the
extent
of
available
capital
loss
carryforwards.
Net
realized
capital
losses
may
be
carried
forward
indefinitely
to
offset
future
realized
capital
gains.
As
of
October
31,
2025,
the
fund
had
$43,530,000
of
available
capital
loss
carryforwards.
At
April
30,
2026,
the
cost
of
investments
(including
derivatives,
if
any)
for
federal
income
tax
purposes
was
$1,742,505,000.
Net
unrealized
gain
aggregated
$707,420,000
at
period-end,
of
which
$743,922,000
related
to
appreciated
investments
and
$36,502,000
related
to
depreciated
investments.
NOTE
6
-
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.
NOTE
7
-
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.
T.
ROWE
PRICE
International
Equity
Index
Fund
44
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
of
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
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.
In
addition,
the
fund
is
subject
to a
permanent
contractual
expense
limitation,
pursuant
to
which
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
0.45%.
The
agreement
may
only
be
terminated
with
approval
by
the
fund's
shareholders.
Each
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.
T.
ROWE
PRICE
International
Equity
Index
Fund
45
However,
no
repayment
will
be
made
more
than
three
years
after
the
date
of
a
payment
or
waiver. No
management
fees
were
waived
or
any
expenses
paid
under
this
arrangement
during the
six
months ended
April
30,
2026.
Pursuant
to
these
agreements,
expenses
were waived/paid
by
and/or
repaid
to
Price
Associates
during
the six
months
ended April
30,
2026 as
indicated
in
the
table
below.
At
April
30,
2026,
there
were
no
amounts
subject
to
repayment
by
the
fund. 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
two
wholly
owned
subsidiaries
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.
T.
Rowe
Price
Retirement
Plan
Services,
Inc.
provides
subaccounting
and
recordkeeping
services
for
certain
retirement
accounts
invested
in
the
Investor
Class.
For
the
six
months
ended
April
30,
2026,
expenses
incurred
pursuant
to
these
service
agreements
were
$64,000
for
Price
Associates;
$278,000
for
T.
Rowe
Price
Services,
Inc.;
and
$91,000
for
T.
Rowe
Price
Retirement
Plan
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.
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
Investor
Class
Z
Class
Expense
limitation/I
Class
Limit
0.31%
0.00%
Expense
limitation
date
12/31/27
N/A
(Waived)/repaid
during
the
period
($000s)
$-
$(626)
T.
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PRICE
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Equity
Index
Fund
46
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
April
30,
2026,
the
fund
was
charged $40,000 for
shareholder
servicing
costs
related
to
the
college
savings
plans, of
which
$7,000
was
for
services
provided
by
Price.
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
April
30,
2026,
approximately
17%
of
the
outstanding
shares
of
the
Investor
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
April
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.
Effective
November
12,
2025, cash
collateral
from
securities
lending,
if
any,
is
invested
in
the
T.
Rowe
Price
Treasury Reserve Fund.
Prior
to
November
12,
2025,
cash
collateral
from
securities
lending,
if
any,
was
invested
in
the
T.
Rowe
Price
Government
Reserve
Fund. The
Price
Reserve
Funds
pay
no
investment
management
fees.
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
April
30,
2026,
the
fund
had
no
purchases
or
sales
cross
trades
with
other
funds
or
accounts
advised
by
Price
Associates.
T.
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Index
Fund
47
NOTE
8
-
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.
NOTE
9
-
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
International
Equity
Index
Fund
48
APPROVAL
OF
INVESTMENT
MANAGEMENT
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.
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International
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Index
Fund
49
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
(continued)
T.
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PRICE
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Index
Fund
50
The
Board
received
information
on
the
estimated
costs
incurred
and
profits
realized
by
the
Adviser
from
managing
the
T.
Rowe
Price
funds.
The
Board
also
reviewed
estimates
of
the
profits
realized
from
managing
the
fund
in
particular,
and
the
Board
concluded
that
the
Adviser's
profits
were
reasonable
in
light
of
the
services
provided
to
the
fund.
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.
However,
the
fund
is
also
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.
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.
APPROVAL
OF
INVESTMENT
MANAGEMENT
AGREEMENT
(continued)
T.
ROWE
PRICE
International
Equity
Index
Fund
51
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
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
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
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
second
quintile
(Expense
Universe),
and
the
total
expenses
ranked
in
the
second
quintile
(Expense
Group)
and
third
quintile
(Expense
Universe).
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
APPROVAL
OF
INVESTMENT
MANAGEMENT
AGREEMENT
(continued)
T.
ROWE
PRICE
International
Equity
Index
Fund
52
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
(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.
F135-051
6/26
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 International Index Fund, Inc. | ||||
| By |
/s/ David Oestreicher |
|||
| David Oestreicher | ||||
| Principal Executive Officer | ||||
| Date | June 17, 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 |
June 17, 2026 |
|||
| By |
/s/ Alan S. Dupski |
|||
| Alan S. Dupski | ||||
| Principal Financial Officer | ||||
| Date |
June 17, 2026 |
|||
T. Rowe Price International Index Fund Inc. published this content on June 22, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on June 22, 2026 at 13:15 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]