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

December 12, 2022

Press Release_November2022 AUM.pdf 201.2 KB

BALTIMORE, Dec. 12, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.34 trillion as of November 30, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.7 billion in November 2022 and $1.4 billion for the quarter-to-date period ended November 30, 2022. This brings total client transfers for the year-to-date period ended November 30, 2022, to $11.7 billion. These client transfers include $0.5 billion, $1.1 billion, and $8.2 billion, respectively, transferred to the target date retirement trusts during the November, quarter-to-date, and year-to-date periods.

The following table shows the firm's assets under management as of November 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)	11/30/2022	10/31/2022	9/30/2022	12/31/2021
U.S. mutual funds
Equity	$ 400	$ 382	$ 365	$ 554
Fixed income, including money market	75	74	74	85
Multi-asset^(b)	192	182	175	232
	667	638	614	871
Subadvised and separate accounts and other investment products
Equity	312	299	283	439
Fixed income, including money market	92	90	91	90
Multi-asset^(b)	225	210	199	246
Alternatives	44	43	43	42
	673	642	616	817
Total assets under management	$ 1,340	$ 1,280	$ 1,230	$ 1,688


Target date retirement products	$ 349	$ 327	$ 311	$ 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)	11/30/2022	10/31/2022	9/30/2022	12/31/2021
U.S. mutual funds
Equity and blended assets	$ 540	$ 513	$ 488	$ 724
Fixed income, including money market	127	125	126	147
	667	638	614	871
Subadvised and separate accounts and other investment products
Equity and blended assets	491	464	436	632
Fixed income, including money market	138	135	137	143
Alternatives	44	43	43	42
	673	642	616	817
Total assets under management	$ 1,340	$ 1,280	$ 1,230	$ 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-november-2022-301700418.html

SOURCE T. Rowe Price Group, Inc.

T. ROWE PRICE, Public Relations, Dasha Smith, 410-345-3715, dasha.smith@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 November 2022