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INVESTOR RELATIONS

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

Aug 10, 2022 at 8:30 AM EDT

BALTIMORE, Aug. 10, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.39 trillion as of July 31, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.5 billion in July 2022 and $8.5 billion for the year-to-date period ended July 31, 2022. These client transfers include $0.8 billion and $5.7 billion, respectively, transferred to the target date retirement trusts during July and the year-to-date period.

The following table shows the firm's assets under management as of July 31, 2022, and for the prior 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)

 

7/31/2022

 

6/30/2022

 

12/31/2021

U.S. mutual funds

           

 Equity

 

$            423

 

$            391

 

$            554

 Fixed income, including money market

 

79

 

79

 

85

 Multi-asset(b)

 

197

 

187

 

232

   

699

 

657

 

871

Subadvised and separate accounts and other investment products

           

 Equity

 

329

 

309

 

439

 Fixed income, including money market

 

94

 

92

 

90

 Multi-asset(b)

 

224

 

209

 

246

 Alternatives

 

43

 

43

 

42

   

690

 

653

 

817

Total assets under management

 

$         1,389

 

$         1,310

 

$          1,688

Target date retirement products

 

$            348

 

$            327

 

$            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)

 

7/31/2022

 

6/30/2022

 

12/31/2021

U.S. mutual funds

           

 Equity and blended assets

 

$            565

 

$            524

 

$            724

 Fixed income, including money market

 

134

 

133

 

147

   

699

 

657

 

871

Subadvised and separate accounts and other investment products

           

 Equity and blended assets

 

503

 

470

 

632

 Fixed income, including money market

 

144

 

140

 

143

 Alternatives

 

43

 

43

 

42

   

690

 

653

 

817

Total assets under management

 

$          1,389

 

$          1,310

 

$          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-july-2022-301603449.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