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INVESTOR RELATIONS

T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR JANUARY 2022

Feb 10, 2022 at 8:30 AM EST

 

BALTIMORE, Feb. 10, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.58 trillion as of January 31, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.2 billion in January 2022. These client transfers include $1.9 billion transferred to the target-date retirement trusts during January.

The following table shows the firm's assets under management as of January 31, 2022, and for the prior year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios. The fee-basis assets under management, acquired through the Oak Hill Advisors, L.P. (OHA) acquisition completed on December 29, 2021, have been reflected in the asset classes noted below.

   

As of

   

Preliminary(a)

   

(in billions)

 

1/31/2022

 

12/31/2021(b)

U.S. mutual funds

       

 Equity

 

$

503

 

$

554

 Fixed income, including money market

 

85

 

85

 Multi-asset(c)

 

221

 

232

   

809

 

871

Subadvised and separate accounts and other investment products

       

 Equity

 

399

 

439

 Fixed income, including money market

 

90

 

90

 Multi-asset(c)

 

238

 

246

 Alternatives

 

42

 

42

   

769

 

817

Total assets under management

 

$

1,578

 

$

1,688

 

Target date retirement products

 

$

376

 

$

391

   

(a)

Preliminary - subject to adjustment

(b)

Certain 12/31/2021 figures, including the $47 billion in fee-basis assets under management acquired through the OHA acquisition, have been reclassified to conform with the current month's presentation.

(c)

The underlying assets under management of the multi-asset portfolios have been aggregated and presented as a separate line and not reported in the equity and fixed income lines.

 

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 organization 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.

Supplemental Information

The following table reflects the data with the underlying assets under management of the multi-asset portfolios included within the equity and fixed income lines. The fee-basis assets under management, acquired through the Oak Hill Advisors, L.P. (OHA) acquisition completed on December 29, 2021, have been reflected in the asset classes noted below.

   

As of

   

Preliminary(a)

   

(in billions)

 

1/31/2022

 

12/31/2021(b)

U.S. mutual funds

       

 Equity and blended assets

 

$

663

 

$

724

 Fixed income, including money market

 

146

 

147

   

809

 

871

Subadvised and separate accounts and other investment products

       

 Equity and blended assets

 

584

 

632

 Fixed income, including money market

 

143

 

143

 Alternatives

 

42

 

42

   

769

 

817

Total assets under management

 

$

1,578

 

$

1,688

   

(a)

Preliminary - subject to adjustment

(b)

Certain 12/31/2021 figures, including the $47 billion in fee-basis assets under management acquired through the OHA acquisition, have been reclassified to conform with the current month's presentation.

 

Cision View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-january-2022-301479734.html

SOURCE T. Rowe Price Group, Inc.

Public Relations, Brian Lewbart, 410-345-2242, brian.lewbart@troweprice.com; Investor Relations, Linsley Carruth, 410-345-3717, linsley.carruth@troweprice.com