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

November 10, 2022

Press Release_October2022 AUM_v2.pdf 194.9 KB

BALTIMORE, Nov. 10, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.28 trillion as of October 31, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.7 billion in October 2022 and $11.0 billion for the year-to-date period ended October 31, 2022. These client transfers include $0.6 billion and $7.7 billion, respectively, transferred to the target date retirement trusts during October and the year-to-date period.

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

Target date retirement products	$ 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)	10/31/2022	9/30/2022	12/31/2021
U.S. mutual funds
Equity and blended assets	$ 513	$ 488	$ 724
Fixed income, including money market	125	126	147
	638	614	871
Subadvised and separate accounts and other investment products
Equity and blended assets	464	436	632
Fixed income, including money market	135	137	143
Alternatives	43	43	42
	642	616	817
Total assets under management	$ 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-october-2022-301674403.html

SOURCE T. Rowe Price Group, Inc.

Public Relations: Dasha Smith, 410-345-3715, dasha.smith@troweprice.com; or 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 October 2022