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

June 12, 2023

BALTIMORE, June 12, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.35 trillion as of May 31, 2023. Preliminary net outflows for May 2023 were $9.6 billion.

The below table shows the firm's assets under management as of May 31, 2023, and for the prior month-, quarter-, and year-end by asset class and in the firm's target date retirement portfolios.

   

As of
   

Preliminary(a)

(in billions)

  

5/31/2023

  

4/30/2023

  

3/31/2023

  

12/31/2022
                 

 Equity

  

$            697

  

$           699

  

$            695

  

$            664

 Fixed income, including money market

  

170

  

171

  

171

  

167

 Multi-asset

  

434

  

438

  

432

  

400

 Alternatives

  

45

  

45

  

44

  

44

Total assets under management

  

$         1,346

  

$        1,353

  

$         1,342

  

$         1,275
 

Target date retirement products

  

$            363

  

$           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.

 

Cision View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-may-2023-301848175.html

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