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Jul 12, 2018

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

BALTIMORE, July 12, 2018 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.04 trillion as of June 30, 2018. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.2 billion in June 2018 and $4.7 billion for the quarter-ended June 30, 2018. This brings total client transfers for the year-to-date period ended June 30, 2018, to $13.6 billion.

The firm's assets under management as of June 30, 2018, and for the prior month, 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)

 

6/30/2018

 

5/31/2018

 

3/31/2018

 

12/31/2017

U.S. mutual funds

               

 Equity and blended assets

 

$

498

   

$

496

   

484

   

$

480

 

 Fixed income and money market

 

129

   

129

   

129

   

126

 
   

626

   

625

   

613

   

606

 

Subadvised and separately managed accounts and other investment products

               

 Equity and blended assets

 

320

   

316

   

305

   

292

 

 Fixed income and money market

 

98

   

97

   

96

   

93

 
   

418

   

413

   

401

   

385

 

Total assets under management

 

$

1,044

   

$

1,038

   

$

1,014

   

$

991

 
                                 

Target date retirement products(b)

 

$

244

   

$

243

   

$

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-june-2018-300680088.html

SOURCE T. Rowe Price Group, Inc.

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

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