T. Rowe Price Group Reports Preliminary Month-end Assets Under Management for September 2022

October 12, 2022

Press Release_September2022 AUMv2.pdf 200.5 KB

BALTIMORE, Oct. 12, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.23 trillion as of September 30, 2022. Preliminary net outflows for the third quarter of 2022 were $24.6 billion, bringing preliminary year-to-date net outflows to $44.6 billion.

The below table shows the firm's assets under management as of September 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. Investment vehicle assets under management also reflect client transfers from mutual funds to other portfolios, including trusts and separate accounts, of $0.3 billion in September 2022, and $3.3 billion for the quarter ended September 30, 2022. This brings total client transfers for the year-to-date period ended September 30, 2022, to $10.3 billion. These client transfers include $0.2 billion, $2.2 billion, and $7.1 billion, respectively, transferred to the target date retirement trusts during the September, third quarter, and year-to-date periods.

	As of
	Preliminary^(a)
(in billions)	9/30/2022	8/31/2022	6/30/2022	12/31/2021
U.S. mutual funds
Equity	$ 365	$ 404	$ 391	$ 554
Fixed income, including money market	74	78	79	85
Multi-asset^(b)	175	189	187	232
	614	671	657	871
Subadvised and separate accounts and other investment products
Equity	283	314	309	439
Fixed income, including money market	91	93	92	90
Multi-asset^(b)	199	218	209	246
Alternatives	43	43	43	42
	616	668	653	817
Total assets under management	$ 1,230	$ 1,339	$ 1,310	$ 1,688

Target date retirement products	$ 311	$ 337	$ 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)	9/30/2022	8/31/2022	6/30/2022	12/31/2021
U.S. mutual funds
Equity and blended assets	$ 488	$ 539	$ 524	$ 724
Fixed income, including money market	126	132	133	147
	614	671	657	871
Subadvised and separate accounts and other investment products
Equity and blended assets	436	483	470	632
Fixed income, including money market	137	142	140	143
Alternatives	43	43	43	42
	616	668	653	817
Total assets under management	$ 1,230	$ 1,339	$ 1,310	$ 1,688


(a)	Preliminary - subject to adjustment

View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-september-2022-301647221.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

Release Details

T. Rowe Price Group Reports Preliminary Month-end Assets Under Management for September 2022