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

PR Newswire

BALTIMORE, April 12, 2022

BALTIMORE, April 12, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.55 trillion as of March 31, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.5 billion in March 2022 and $4.1 billion for the quarter ended March 31, 2022. These client transfers include $0.5 billion and $3.3 billion, respectively, transferred to the target date retirement trusts during March and the quarter-to-date period.

The following table shows the firm's assets under management as of March 31, 2022, and for the prior month- and year-end by investment vehicle, by asset class, and in the firm's target date retirement portfolios.

	As of
	Preliminary^(a)
(in billions)	3/31/2022	2/28/2022	12/31/2021
U.S. mutual funds
Equity	$ 489	$ 486	$ 554
Fixed income, including money market	84	85	85
Multi-asset^(b)	217	216	232
	790	787	871
Subadvised and separate accounts and other investment products
Equity	389	385	439
Fixed income, including money market	91	91	90
Multi-asset^(b)	240	235	246
Alternatives	42	42	42
	762	753	817
Total assets under management	$ 1,552	$ 1,540	$ 1,688

Target date retirement products	$ 375	$ 369	$ 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)	3/31/2022	2/28/2022	12/31/2021
U.S. mutual funds
Equity and blended assets	$ 647	$ 642	$ 724
Fixed income, including money market	143	145	147
	790	787	871
Subadvised and separate accounts and other investment products
Equity and blended assets	577	568	632
Fixed income, including money market	143	143	143
Alternatives	42	42	42
	762	753	817
Total assets under management	$ 1,552	$ 1,540	$ 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-march-2022-301523398.html

SOURCE T. Rowe Price Group, Inc.

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

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