BALTIMORE, Nov. 10, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.28 trillion as of October 31, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.7 billion in October 2022 and $11.0 billion for the year-to-date period ended October 31, 2022. These client transfers include $0.6 billion and $7.7 billion, respectively, transferred to the target date retirement trusts during October and the year-to-date period.

The following table shows the firm's assets under management as of October 31, 2022, and for the prior quarter- and year-end by investment vehicle, by asset class, and in the firm's target date retirement portfolios.



As of



Preliminary(a)





(in billions)


10/31/2022


9/30/2022


12/31/2021

U.S. mutual funds







 Equity


$            382


$            365


$            554

 Fixed income, including money market


74


74


85

 Multi-asset(b)


182


175


232



638


614


871

Subadvised and separate accounts and other investment products







 Equity


299


283


439

 Fixed income, including money market


90


91


90

 Multi-asset(b)


210


199


246

 Alternatives


43


43


42



642


616


817

Total assets under management


$         1,280


$         1,230


$         1,688


Target date retirement products


$            327


$            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)


10/31/2022


9/30/2022


12/31/2021

U.S. mutual funds







 Equity and blended assets


$            513


$            488


$            724

 Fixed income, including money market


125


126


147



638


614


871

Subadvised and separate accounts and other investment products







 Equity and blended assets


464


436


632

 Fixed income, including money market


135


137


143

 Alternatives


43


43


42



642


616


817

Total assets under management


$          1,280


$          1,230


$          1,688

(a) Preliminary - subject to adjustment

 

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SOURCE T. Rowe Price Group, Inc.