Release Date: 03-31-2018

Costco Value Equity Portfolio ......................................................................................................................................................................................................................................................................................................................................Benchmark Overall Morningstar Rating™ Morningstar Return Morningstar RiskS&P 500 TR USD . . .

Investment InformationInvestment Objective & Strategy

The Account seeks to provide substantial dividend income as well as long-term capital appreciation through investments in common stocks of established companies.

Thee Account will normally invest at least 80% at the time of purchase of the Account's total market value in securities of large companies that appear to the advisor to be temporarily undervalued by various measures. The Account seeks substantial dividend income, primarily through investment in dividend-paying common stocks of established companies. Capital appreciation is a secondary objective for this strategy.

Fees and Expenses as of 03-31-18

Expense Ratio 0.38%Total Annual Operating Exp per $1000 $ 3.80Maximum Sales Charge .12b-1 Fee .Redemption Fee/Term .

Portfolio Manager(s)

Management Team.

Operations and Management

Inception Date 01-09-15Management Company T. Rowe Price Trust CompanyTelephone 410-345-2000Web Site www.troweprice.comIssuer T. Rowe Price Trust Company

Category Description: Large Value

Large-value portfolios invest primarily in big U.S. companiesthat are less expensive or growing more slowly than other large-cap stocks. Stocks in the top 70% of the capitalization of theU.S. equity market are defined as large cap. Value is definedbased on low valuations (low price ratios and high dividendyields) and slow growth (low growth rates for earnings, sales,book value, and cash flow).

Volatility And Risk

Low Moderate High

Investment

Category

Best 3 Month Return Worst 3 Month Return

8.53% -9.76%(Nov '17 - Jan '18) (Jul '15 - Sep '15)

Performance as of 03-31-18

5

10

15

20

0

-5

-10

-15

YTD YTD YTD YTD

Total Return % as of 03-31-18

InvestmentBenchmark

Average annual, if greaterthan 1 year

YTD 1 Year 3 Year 5 Year 10 Year Since Inception

-1.97 11.31 8.36 . . 8.43 Investment Return %-0.76 13.99 10.78 . . 10.54 Benchmark Return %-2.55 9.07 7.65 . . 7.32 Category Average %

The performance data quoted reflects past performance. Past performance does not guarantee future results. The investmentreturn and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth moreor less than their original cost. Current performance may be lower than the performance data quoted. For the most recentmonth end performance information, please call 1-800-922-9945, or visit rps.troweprice.com.

Portfolio AnalysisComposition as of 03-31-18 % Assets

U.S. Stocks 90.4Non-U.S. Stocks 8.5Bonds 0.0Cash 0.0Other 1.1

Morningstar Equity Style Box™ as of 03-31-18 % Market Cap

LargeM

idSm

all

Value Blend Growth

Giant 45.30........................................................Large 45.80Medium 8.90Small 0.00........................................................Micro 0.00

Top 10 Holdings as of 03-31-18 % Assets

Microsoft Corp 4.66JPMorgan Chase & Co 4.49Tyson Foods Inc Class A 4.26Morgan Stanley 2.50Philip Morris International Inc 2.33.......................................................................................................Wells Fargo & Co 2.02Chubb Ltd 1.88Chevron Corp 1.78Boeing Co 1.77Total SA ADR 1.77

.......................................................................................................Total Number of Stock Holdings 112Total Number of Bond Holdings 0Turnover Ratio % .Total Assets ($mil) 305.35

Morningstar Sectors as of 03-31-18 % Fund

h Cyclical 36.36.......................................................................................................r Basic Materials 2.44t Consumer Cyclical 6.35y Financial Services 25.81u Real Estate 1.76

j Sensitive 31.06.......................................................................................................i Communication Services 1.44o Energy 8.14p Industrials 8.56a Technology 12.92

k Defensive 32.58.......................................................................................................s Consumer Defensive 9.56d Healthcare 16.15f Utilities 6.87

Principal Risks For more information on the risks presented, please refer to http://rps.troweprice.com/riskglossary

Foreign Securities, Loss of Money, Not FDIC Insured, Value Investing, Active Management, Equity Securities, Large Cap

LCVAL ©2018 Morningstar, Inc., Morningstar Investment Profiles™ 312-696-6000. All rights reserved. The information contained herein: (1) is proprietary to Morningstarand/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its contentproviders are responsible for any damages or losses arising from any use of information. Past performance is no guarantee of future performance. Visit our investmentwebsite at www.morningstar.com.

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