BALTIMORE, Sept. 13, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.34 trillion as of August 31, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.5 billion in August 2022 and $3.0 billion for the quarter-to-date period ended August 31, 2022. This brings total client transfers for the year-to-date period ended August 31, 2022, to $10.0 billion. These client transfers include $1.2 billion, $2.0 billion, and $6.9 billion, respectively, transferred to the target date retirement trusts during the August, quarter-to-date, and year-to-date periods.
The following table shows the firm's assets under management as of August 31, 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) | 8/31/2022 | 7/31/2022 | 6/30/2022 | 12/31/2021 | ||||
U.S. mutual funds | ||||||||
Equity | $ 404 | $ 423 | $ 391 | $ 554 | ||||
Fixed income, including money market | 78 | 79 | 79 | 85 | ||||
Multi-asset(b) | 189 | 197 | 187 | 232 | ||||
671 | 699 | 657 | 871 | |||||
Subadvised and separate accounts and other investment products | ||||||||
Equity | 314 | 329 | 309 | 439 | ||||
Fixed income, including money market | 93 | 94 | 92 | 90 | ||||
Multi-asset(b) | 218 | 224 | 209 | 246 | ||||
Alternatives | 43 | 43 | 43 | 42 | ||||
668 | 690 | 653 | 817 | |||||
Total assets under management | $ 1,339 | $ 1,389 | $ 1,310 | $ 1,688 | ||||
Target date retirement products | $ 337 | $ 348 | $ 327 | $ 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) | 8/31/2022 | 7/31/2022 | 6/30/2022 | 12/31/2021 | ||||
U.S. mutual funds | ||||||||
Equity and blended assets | $ 539 | $ 565 | $ 524 | $ 724 | ||||
Fixed income, including money market | 132 | 134 | 133 | 147 | ||||
671 | 699 | 657 | 871 | |||||
Subadvised and separate accounts and other investment products | ||||||||
Equity and blended assets | 483 | 503 | 470 | 632 | ||||
Fixed income, including money market | 142 | 144 | 140 | 143 | ||||
Alternatives | 43 | 43 | 43 | 42 | ||||
668 | 690 | 653 | 817 | |||||
Total assets under management | $ 1,339 | $ 1,389 | $ 1,310 | $ 1,688 | ||||
(a) Preliminary - subject to adjustment
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SOURCE T. Rowe Price Group, Inc.