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

July 13, 2022

Press Release_June2022 AUMv2.pdf 201.3 KB

BALTIMORE, July 13, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.31 trillion as of June 30, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.2 billion in June 2022, and $2.9 billion for the quarter ended June 30, 2022. This brings total client transfers for the year-to-date period ended June 30, 2022, to $7.0 billion. These client transfers include $1.0 billion, $1.6 billion, and $4.9 billion, respectively, transferred to the target date retirement trusts during the June, second quarter, and year-to-date periods.

The following table shows the firm's assets under management as of June 30, 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.

	As of
	Preliminary^(a)
(in billions)	6/30/2022	5/31/2022	3/31/2022	12/31/2021
U.S. mutual funds
Equity	$ 391	$ 424	$ 489	$ 554
Fixed income, including money market	79	81	84	85
Multi-asset^(b)	187	202	217	232
	657	707	790	871
Subadvised and separate accounts and other investment products
Equity	309	336	389	439
Fixed income, including money market	92	92	91	90
Multi-asset^(b)	209	224	240	246
Alternatives	43	42	42	42
	653	694	762	817
Total assets under management	$ 1,310	$ 1,401	$ 1,552	$ 1,688

Target date retirement products	$ 327	$ 351	$ 375	$ 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)	6/30/2022	5/31/2022	3/31/2022	12/31/2021
U.S. mutual funds
Equity and blended assets	$ 524	$ 569	$ 647	$ 724
Fixed income, including money market	133	138	143	147
	657	707	790	871
Subadvised and separate accounts and other investment products
Equity and blended assets	470	510	577	632
Fixed income, including money market	140	142	143	143
Alternatives	43	42	42	42
	653	694	762	817
Total assets under management	$ 1,310	$ 1,401	$ 1,552	$ 1,688

^{(a) Preliminary - subject to adjustment}

View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-june-2022-301585745.html

SOURCE T. Rowe Price Group, Inc.

Public Relations, Brian Lewbart, 410-345-2242, brian.lewbart@troweprice.com; or 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 June 2022