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

BALTIMORE, May 11, 2022 /PRNewswire/ — T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.42 trillion as of April 30, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.7 billion in April 2022 and $5.8 billion for the year-to-date period ended April 30, 2022. These client transfers include $0.6 billion and $3.9 billion, respectively, transferred to the target date retirement trusts during April and the year-to-date period.

The following table shows the firm’s assets under management as of April 30, 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)

4/30/2022

3/31/2022

12/31/2021

U.S. mutual funds

 Equity

$            435

$            489

$            554

 Fixed income, including money market

81

84

85

 Multi-asset(b)

202

217

232

718

790

871

Subadvised and separate accounts and other investment products

 Equity

345

389

439

 Fixed income, including money market

91

91

90

 Multi-asset(b)

224

240

246

 Alternatives

42

42

42

702

762

817

Total assets under management

$         1,420

$         1,552

$          1,688

Target date retirement products

$            351

$            375

$            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)

4/30/2022

3/31/2022

12/31/2021

U.S. mutual funds

 Equity and blended assets

$            579

$            647

$            724

 Fixed income, including money market

139

143

147

718

790

871

Subadvised and separate accounts and other investment products

 Equity and blended assets

518

577

632

 Fixed income, including money market

142

143

143

 Alternatives

42

42

42

702

762

817

Total assets under management

$          1,420

$          1,552

$          1,688

(a)

Preliminary – subject to adjustment

Cision View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-april-2022-301544867.html

SOURCE T. Rowe Price Group, Inc.

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