T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR DECEMBER 2022

BALTIMORE, Jan. 12, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.28 trillion as of December 31, 2022. Preliminary net outflows for the fourth quarter of 2022 were $17.1 billion, bringing preliminary year-to-date net outflows to $61.7 billion.

The below table shows the firm's assets under management as of December 31, 2022, and for the prior month-, quarter-, and year-end by investment vehicle, by asset class, and in the firm's target date retirement portfolios. Investment vehicle assets under management also reflect client transfers from mutual funds to other portfolios, including trusts and separate accounts, of $0.7 billion in December 2022, and $2.1 billion for the quarter ended December 31, 2022. This brings total client transfers for 2022 to $12.4 billion. These client transfers include $0.5 billion, $1.6 billion, and $8.7 billion, respectively, transferred to the target date retirement trusts during the December, fourth quarter, and year-to-date periods.

		As of
		Preliminary(a)
(in billions)		12/31/2022		11/30/2022		9/30/2022		12/31/2021
U.S. mutual funds
Equity		$            370		$           400		$            365		$            554
Fixed income, including money market		74		75		74		85
Multi-asset(b)		184		192		175		232
		628		667		614		871
Subadvised and separate accounts and other investment products
Equity		294		312		283		439
Fixed income, including money market		93		92		91		90
Multi-asset(b)		216		225		199		246
Alternatives		44		44		43		42
		647		673		616		817
Total assets under management		$         1,275		$        1,340		$         1,230		$         1,688
Target date retirement products		$            334		$           349		$            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)		12/31/2022		11/30/2022		9/30/2022		12/31/2021
U.S. mutual funds
Equity and blended assets		$            502		$           540		$            488		$            724
Fixed income, including money market		126		127		126		147
		628		667		614		871
Subadvised and separate accounts and other investment products
Equity and blended assets		464		491		436		632
Fixed income, including money market		139		138		137		143
Alternatives		44		44		43		42
		647		673		616		817
Total assets under management		$         1,275		$        1,340		$         1,230		$         1,688

^{(a) Preliminary - subject to adjustment}

 

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SOURCE T. Rowe Price Group, Inc.