T. Rowe Price Group Reports Preliminary Month-end Assets Under Management for April 2023

May 10, 2023

Press Release_April2023 AUM.pdf 175.2 KB

BALTIMORE, May 10, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.35 trillion as of April 30, 2023. Preliminary net outflows for April 2023 were $3.7 billion.

The below table shows the firm's assets under management as of April 30, 2023, and for the prior quarter- and year-end by asset class and in the firm's target date retirement portfolios.

	As of
	Preliminary^(a)
(in billions)	4/30/2023	3/31/2023	12/31/2022

Equity	$ 699	$ 695	$ 664
Fixed income, including money market	171	171	167
Multi-asset	438	432	400
Alternatives	45	44	44
Total assets under management	$ 1,353	$ 1,342	$ 1,275

Target date retirement products	$ 366	$ 361	$ 334

(a) Preliminary - subject to adjustment

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.

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SOURCE T. Rowe Price Group, Inc.

Public Relations: Dasha Smith, 410-345-3715, dasha.smith@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 April 2023