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

August 10, 2023

Press Release_July2023 AUM.pdf 166.5 KB

BALTIMORE, Aug. 10, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.43 trillion as of July 31, 2023. Preliminary net outflows for July 2023 were $5.4 billion.

The below table shows the firm's assets under management as of July 31, 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)	7/31/2023	6/30/2023	12/31/2022

Equity	$ 752	$ 732	$ 664
Fixed income, including money market	169	169	167
Multi-asset	467	453	400
Alternatives	45	45	44
Total assets under management	$ 1,433	$ 1,399	$ 1,275

Target date retirement products	$ 392	$ 380	$ 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, Jeanne Moore, 443-938-0463, jeanne.moore@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 July 2023