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T. Rowe Price Group Reports Preliminary Month-end Assets Under Management For June 2019

July 11, 2019

BALTIMORE, July 11, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.13 trillion as of June 30, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $3.2 billion in June 2019, and $5.9 billion for the quarter-ended June 30, 2019.  This brings total client transfers for the year-to-date period ended June 30, 2019, to $12.0 billion.

The firm's assets under management as of June 30, 2019, 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)

  

6/30/2019

  

5/31/2019

  

3/31/2019

  

12/31/2018

U.S. mutual funds

                

 Equity and blended assets

  

$

521

    

$

494

    

$

507

    

$

441

  

 Fixed income, including money market

  

127

    

126

    

124

    

123

  
   

648

    

620

    

631

    

564

  

Subadvised and separate accounts and other investment products

                

 Equity and blended assets

  

369

    

344

    

348

    

299

  

 Fixed income, including money market

  

108

    

106

    

103

    

99

  
   

477

    

450

    

451

    

398

  

Total assets under management

  

$

1,125

    

$

1,070

    

$

1,082

    

$

962

  

Target date retirement products

  

$

269

    

$

256

    

$

258

    

$

230

  

(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.

T. ROWE PRICE CONTACTS: Public Relations, Brian Lewbart, 410-345-2242, brian_lewbart@troweprice.com; Investor Relations, Meghan Azevedo, 410-345-2756, meghan_azevedo@troweprice.com