T. Rowe Price Group Reports Preliminary Month-end Assets Under Management for January 2022

February 10, 2022

Press Release_January2022 AUMv5 - final.pdf 142.4 KB

BALTIMORE, Feb. 10, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.58 trillion as of January 31, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.2 billion in January 2022. These client transfers include $1.9 billion transferred to the target-date retirement trusts during January.

The following table shows the firm's assets under management as of January 31, 2022, and for the prior year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios. The fee-basis assets under management, acquired through the Oak Hill Advisors, L.P. (OHA) acquisition completed on December 29, 2021, have been reflected in the asset classes noted below.

	As of
	Preliminary^(a)
(in billions)	1/31/2022		12/31/2021^(b)
U.S. mutual funds
Equity	$	503	$	554
Fixed income, including money market	85		85
Multi-asset^(c)	221		232
	809		871
Subadvised and separate accounts and other investment products
Equity	399		439
Fixed income, including money market	90		90
Multi-asset^(c)	238		246
Alternatives	42		42
	769		817
Total assets under management	$	1,578	$	1,688

Target date retirement products	$	376	$	391


(a)	Preliminary - subject to adjustment
(b)	Certain 12/31/2021 figures, including the $47 billion in fee-basis assets under management acquired through the OHA acquisition, have been reclassified to conform with the current month's presentation.
(c)	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. The fee-basis assets under management, acquired through the Oak Hill Advisors, L.P. (OHA) acquisition completed on December 29, 2021, have been reflected in the asset classes noted below.

	As of
	Preliminary^(a)
(in billions)	1/31/2022		12/31/2021^(b)
U.S. mutual funds
Equity and blended assets	$	663	$	724
Fixed income, including money market	146		147
	809		871
Subadvised and separate accounts and other investment products
Equity and blended assets	584		632
Fixed income, including money market	143		143
Alternatives	42		42
	769		817
Total assets under management	$	1,578	$	1,688


(a)	Preliminary - subject to adjustment
(b)	Certain 12/31/2021 figures, including the $47 billion in fee-basis assets under management acquired through the OHA acquisition, have been reclassified to conform with the current month's presentation.

View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-january-2022-301479734.html

SOURCE T. Rowe Price Group, Inc.

Public Relations, Brian Lewbart, 410-345-2242, brian.lewbart@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 January 2022