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Release Details

T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR DECEMBER 2023

January 11, 2024

BALTIMORE, Jan. 11, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.45 trillion as of December 31, 2023. Preliminary net outflows were $9.4 billion for December 2023, and $28.3 billion for the quarter-ended December 31, 2023, bringing preliminary year-to-date net outflows to $81.8 billion.

The below table shows the firm's assets under management as of December 31, 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)

  

12/31/2023

  

11/30/2023

  

9/30/2023

  

12/31/2022
                 

 Equity

  

$            744

  

$           717

  

$            690

  

$            664

 Fixed income, including money market

  

170

  

168

  

169

  

167

 Multi-asset

  

483

  

462

  

440

  

400

 Alternatives

  

48

  

47

  

47

  

44

Total assets under management

  

$         1,445

  

$        1,394

  

$         1,346

  

$         1,275
 

Target date retirement products

  

$            408

  

$           391

  

$            372

  

$            334

(a) Preliminary - subject to adjustment

                

 

Q4 2023 Earnings Release and Earnings Call

T. Rowe Price will release Q4 2023 earnings on Thursday, February 8, 2024 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

About T. Rowe Price

Founded in 1937, T. Rowe Price (NASDAQ - GS: TROW) helps people around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Investors rely on the award-winning firm for its retirement expertise and active management approach of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price manages $1.45 trillion in assets under management as of December 31, 2023, and serves millions of clients globally. News and other updates can be found on Facebook, Instagram, LinkedIn, X, YouTube, and troweprice.com/newsroom.

Cision View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-december-2023-302032418.html

SOURCE T. Rowe Price Group

Public Relations, Jamaal Mobley, 410-345-3403, jamaal.mobley@troweprice.com; Investor Relations, Linsley Carruth, 410-345-3717, linsley.carruth@troweprice.com