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T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For April 2018

May 10, 2018

BALTIMORE, May 10, 2018 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.02 trillion as of April 30, 2018.  Client transfers from mutual funds to other portfolios, including trusts and separate accounts were $2.5 billion and $11.4 billion for the month-ended and year-to-date period ended April 30, 2018, respectively.

The firm's assets under management as of April 30, 2018, and for the prior quarter- and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:

   

As of
   

Preliminary(a)

        

(in billions)

  

4/30/2018

  

3/31/2018

  

12/31/2017

Sponsored U.S. mutual funds

            

 Stock and blended asset

  

$

486

    

$

484

    

$

480

  

 Bond and money market

  

128

    

129

    

126

  
   

614

    

613

    

606

  

Other investment portfolios

            

 Stock and blended asset

  

309

    

305

    

292

  

 Bond, money market, and stable value

  

97

    

96

    

93

  
   

406

    

401

    

385

  

Total assets under management

  

$

1,020

    

$

1,014

    

$

991

  
 

Target date retirement portfolios(b)

  

$

241

    

$

240

    

$

234

  
 

(a) Preliminary - subject to adjustment

(b) Includes the assets under management of the firm's target date retirement mutual funds and trusts as well as those target date retirement portfolios managed in separate accounts.

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:http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-april-2018-300646309.html

SOURCE T. Rowe Price Group, Inc.

Public Relations, Brian Lewbart, 410-345-2242, brian_lewbart@troweprice.com; Investor Relations, Teresa Whitaker, 410-345-6586, teresa_whitaker@troweprice.com