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T. Rowe Price Group Reports Preliminary Month-End Assets Under Management

July 13, 2017

BALTIMORE, July 13, 2017 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $904 billion as of June 30, 2017. Client transfers from mutual funds to other portfolios were $4.2 billion and $7.6 billion for the month- and quarter-ended June 30, 2017, respectively.

The firm's assets under management as of June 30, 2017, and for prior quarter and year-end, by investment vehicle, asset class, and in the firm's retirement date portfolios are as follows:

As of

Preliminary(a)



(in billions)

6/30/2017

3/31/2017

12/31/2016

Sponsored U.S. mutual funds





 Stock and blended asset

$

446

$

431

$

401

 Bond and money market

121

118

113


567

549

514

Other investment portfolios





 Stock and blended asset

254

235

221

 Bond, money market, and stable value

83

78

76


337

313

297

Total assets under management

$

904

$

862

$

811




Target date retirement portfolios

$

214

$

203

$

189



(a) Preliminary - subject to adjustment

 

Founded in 1937, Baltimore-based T. Rowe Price (troweprice.com) is a global investment management organization that provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.

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SOURCE T. Rowe Price Group, Inc.

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