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INVESTOR RELATIONS

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

Jun 10, 2022 at 8:30 AM EDT

BALTIMORE, June 10, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.40 trillion as of May 31, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were negligible for the month of May. Client transfers for the quarter-to-date and year-to-date periods ended May 31, 2022, were $1.7 billion and $5.8 billion, respectively.  These client transfers include $0.6 billion and $3.9 billion, respectively, transferred to the target date retirement trusts during the quarter-to-date and the year-to-date periods.

The following table shows the firm's assets under management as of May 31, 2022, and for the prior month-, quarter-, and year-end by investment vehicle, by asset class, and in the firm's target date retirement portfolios.

   

As of

   

Preliminary(a)

           

(in billions)

 

5/31/2022

 

4/30/2022

 

3/31/2022

 

12/31/2021

U.S. mutual funds

               

 Equity

 

$            424

 

$            435

 

$          489

 

$            554

 Fixed income, including money market

 

81

 

81

 

84

 

85

 Multi-asset(b)

 

202

 

202

 

217

 

232

   

707

 

718

 

790

 

871

Subadvised and separate accounts and other investment products

               

 Equity

 

336

 

345

 

389

 

439

 Fixed income, including money market

 

92

 

91

 

91

 

90

 Multi-asset(b)

 

224

 

224

 

240

 

246

 Alternatives

 

42

 

42

 

42

 

42

   

694

 

702

 

762

 

817

Total assets under management

 

$         1,401

 

$         1,420

 

$        1,552

 

$          1,688

 

Target date retirement products

 

$            351

 

$            351

 

$           375

 

$             391

 

(a) Preliminary - subject to adjustment
(b) 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.

   

As of

   

Preliminary(a)

           

(in billions)

 

5/31/2022

 

4/30/2022

 

3/31/2022

 

12/31/2021

U.S. mutual funds

               

 Equity and blended assets

 

$            569

 

$            579

 

$          647

 

$            724

 Fixed income, including money market

 

138

 

139

 

143

 

147

   

707

 

718

 

790

 

871

Subadvised and separate accounts and other investment products

               

 Equity and blended assets

 

510

 

518

 

577

 

632

 Fixed income, including money market

 

142

 

142

 

143

 

143

 Alternatives

 

42

 

42

 

42

 

42

   

694

 

702

 

762

 

817

Total assets under management

 

$          1,401

 

$          1,420

 

$        1,552

 

$          1,688

 

(a) Preliminary - subject to adjustment

 

Cision View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-may-2022-301565681.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