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T. Rowe Price Group Reports Preliminary Month-end Assets Under Management for September 2023

October 11, 2023

BALTIMORE, Oct. 11, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.35 trillion as of September 30, 2023. Preliminary net outflows were $4.2 billion for September 2023 and $17.4 billion for the quarter-ended September 2023.

The below table shows the firm's assets under management as of September 30, 2023, and for the prior month-, quarter-, and year-end by asset class and in the firm's target date retirement portfolios. 

   

As of
   

Preliminary(a)

            

(in billions)

  

9/30/2023

  

8/31/2023

  

6/30/2023

  

12/31/2022
                 

 Equity

  

$            690

  

$           730

  

$            732

  

$            664

 Fixed income, including money market

  

169

  

169

  

169

  

167

 Multi-asset

  

440

  

457

  

453

  

400

 Alternatives

  

47

  

46

  

45

  

44

Total assets under management

  

$         1,346

  

$        1,402

  

$         1,399

  

$         1,275
                 

Target date retirement products

 

$          372

  

$          384

  

$          380

  

$          334

 (a) Preliminary - subject to adjustment  

T. Rowe Price will release Q3 2023 earnings on Friday, October 27, 2023 at 7:00 AM ET. The company will host an earnings call from 8:00 – 8:45 AM ET that day. To access the webcast and accompanying materials, visit the company's investor relations website at: investors.troweprice.com

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 Associates, Inc.

T. ROWE PRICE CONTACTS: Public Relations, Jeanne Moore, 443-938-0463, jeanne.moore@troweprice.com; Investor Relations: Linsley Carruth, 410-345-3717, linsley.carruth@troweprice.com