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

August 10, 2022

BALTIMORE, Aug. 10, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.39 trillion as of July 31, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.5 billion in July 2022 and $8.5 billion for the year-to-date period ended July 31, 2022. These client transfers include $0.8 billion and $5.7 billion, respectively, transferred to the target date retirement trusts during July and the year-to-date period.

The following table shows the firm's assets under management as of July 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)	7/31/2022	6/30/2022	12/31/2021
U.S. mutual funds
Equity	$ 423	$ 391	$ 554
Fixed income, including money market	79	79	85
Multi-asset^(b)	197	187	232
	699	657	871
Subadvised and separate accounts and other investment products
Equity	329	309	439
Fixed income, including money market	94	92	90
Multi-asset^(b)	224	209	246
Alternatives	43	43	42
	690	653	817
Total assets under management	$ 1,389	$ 1,310	$ 1,688
Target date retirement products	$ 348	$ 327	$ 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)	7/31/2022	6/30/2022	12/31/2021
U.S. mutual funds
Equity and blended assets	$ 565	$ 524	$ 724
Fixed income, including money market	134	133	147
	699	657	871
Subadvised and separate accounts and other investment products
Equity and blended assets	503	470	632
Fixed income, including money market	144	140	143
Alternatives	43	43	42
	690	653	817
Total assets under management	$ 1,389	$ 1,310	$ 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-july-2022-301603449.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 July 2022