Skip to Content
INVESTOR RELATIONS

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

Jul 13, 2022 at 8:30 AM EDT

BALTIMORE, July 13, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.31 trillion as of June 30, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.2 billion in June 2022, and $2.9 billion for the quarter ended June 30, 2022. This brings total client transfers for the year-to-date period ended June 30, 2022, to $7.0 billion. These client transfers include $1.0 billion, $1.6 billion, and $4.9 billion, respectively, transferred to the target date retirement trusts during the June, second quarter, and year-to-date periods.

The following table shows the firm's assets under management as of June 30, 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)

 

6/30/2022

 

5/31/2022

 

3/31/2022

 

12/31/2021

U.S. mutual funds

               

  Equity

 

$              391

 

$            424

 

$          489

 

$            554

  Fixed income, including money market

 

79

 

81

 

84

 

85

  Multi-asset(b)

 

187

 

202

 

217

 

232

   

657

 

707

 

790

 

871

Subadvised and separate accounts and other investment products

               

  Equity

 

309

 

336

 

389

 

439

  Fixed income, including money market

 

92

 

92

 

91

 

90

  Multi-asset(b)

 

209

 

224

 

240

 

246

  Alternatives

 

43

 

42

 

42

 

42

   

653

 

694

 

762

 

817

Total assets under management

 

$           1,310

 

$         1,401

 

$        1,552

 

$          1,688

                 

Target date retirement products

 

$            327

 

$            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)

 

6/30/2022

 

5/31/2022

 

3/31/2022

 

12/31/2021

U.S. mutual funds

               

  Equity and blended assets

 

$            524

 

$            569

 

$          647

 

$            724

  Fixed income, including money market

 

133

 

138

 

143

 

147

   

657

 

707

 

790

 

871

Subadvised and separate accounts and other investment products

               

  Equity and blended assets

 

470

 

510

 

577

 

632

  Fixed income, including money market

 

140

 

142

 

143

 

143

  Alternatives

 

43

 

42

 

42

 

42

   

653

 

694

 

762

 

817

Total assets under management

 

$          1,310

 

$          1,401

 

$        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-june-2022-301585745.html

SOURCE T. Rowe Price Group, Inc.

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