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T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For June 2018

July 12, 2018

BALTIMORE, July 12, 2018 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.04 trillion as of June 30, 2018. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.2 billion in June 2018 and $4.7 billion for the quarter-ended June 30, 2018. This brings total client transfers for the year-to-date period ended June 30, 2018, to $13.6 billion.

The firm's assets under management as of June 30, 2018, and for the prior month, quarter and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:

 

   

As of
   

Preliminary(a)

            

(in billions)

  

6/30/2018

  

5/31/2018

  

3/31/2018

  

12/31/2017

U.S. mutual funds

                

 Equity and blended assets

  

$

498

    

$

496

    

484

    

$

480

  

 Fixed income and money market

  

129

    

129

    

129

    

126

  
   

626

    

625

    

613

    

606

  

Subadvised and separately managed accounts and other investment products

                

 Equity and blended assets

  

320

    

316

    

305

    

292

  

 Fixed income and money market

  

98

    

97

    

96

    

93

  
   

418

    

413

    

401

    

385

  

Total assets under management

  

$

1,044

    

$

1,038

    

$

1,014

    

$

991

  
                                 

Target date retirement products(b)

  

$

244

    

$

243

    

$

240

    

$

234

  
                                 

(a) Preliminary - subject to adjustment

(b) Includes the assets under management of the firm's target date retirement mutual funds and trusts as well as those target date retirement portfolios managed in separate accounts.

 

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 Group, Inc.

T. ROWE PRICE, Public Relations, Brian Lewbart, 410-345-2242, brian_lewbart@troweprice.com, Investor Relations, Teresa Whitaker, 410-345-6586, teresa_whitaker@troweprice.com