T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR NOVEMBER 2022

Rhea-AI Summary

T. Rowe Price Group reported preliminary assets under management of $1.34 trillion as of November 30, 2022, with client transfers totaling $11.7 billion year-to-date. Notably, $0.7 billion was transferred in November alone. The firm highlighted significant inflows into target date retirement trusts, with $8.2 billion transferred year-to-date. The firm continues to focus on diversified investments and risk-aware strategies.

Positive

• Assets under management increased to $1.34 trillion.
• Client transfers reached $11.7 billion year-to-date.
• Significant inflow of $8.2 billion into target date retirement trusts.

Negative

• None.

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.

FAQ

What are T. Rowe Price's assets under management as of November 2022?

T. Rowe Price reported assets under management of $1.34 trillion as of November 30, 2022.

How much did T. Rowe Price transfer in client assets in November 2022?

In November 2022, T. Rowe Price transferred $0.7 billion in client assets.

What is the total client transfer amount for T. Rowe Price in 2022?

The total client transfer amount for T. Rowe Price year-to-date as of November 30, 2022, is $11.7 billion.

How much was transferred to target date retirement trusts by T. Rowe Price?

T. Rowe Price reported $8.2 billion transferred to target date retirement trusts year-to-date.