Release Details

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

November 10, 2022

BALTIMORE, Nov. 10, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.28 trillion as of October 31, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.7 billion in October 2022 and $11.0 billion for the year-to-date period ended October 31, 2022. These client transfers include $0.6 billion and $7.7 billion, respectively, transferred to the target date retirement trusts during October and the year-to-date period.

The following table shows the firm's assets under management as of October 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)

 

10/31/2022

 

9/30/2022

 

12/31/2021

U.S. mutual funds

           

 Equity

 

$            382

 

$            365

 

$            554

 Fixed income, including money market

 

74

 

74

 

85

 Multi-asset(b)

 

182

 

175

 

232

   

638

 

614

 

871

Subadvised and separate accounts and other investment products

           

 Equity

 

299

 

283

 

439

 Fixed income, including money market

 

90

 

91

 

90

 Multi-asset(b)

 

210

 

199

 

246

 Alternatives

 

43

 

43

 

42

   

642

 

616

 

817

Total assets under management

 

$         1,280

 

$         1,230

 

$         1,688

 

Target date retirement products

 

$            327

 

$            311

 

$            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)

 

10/31/2022

 

9/30/2022

 

12/31/2021

U.S. mutual funds

           

 Equity and blended assets

 

$            513

 

$            488

 

$            724

 Fixed income, including money market

 

125

 

126

 

147

   

638

 

614

 

871

Subadvised and separate accounts and other investment products

           

 Equity and blended assets

 

464

 

436

 

632

 Fixed income, including money market

 

135

 

137

 

143

 Alternatives

 

43

 

43

 

42

   

642

 

616

 

817

Total assets under management

 

$          1,280

 

$          1,230

 

$          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-october-2022-301674403.html

SOURCE T. Rowe Price Group, Inc.

Public Relations: Dasha Smith, 410-345-3715, dasha.smith@troweprice.com; or Investor Relations: Linsley Carruth, 410-345-3717, linsley.carruth@troweprice.com