BALTIMORE, Aug. 10, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.39 trillion as of July 31, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.5 billion in July 2022 and $8.5 billion for the year-to-date period ended July 31, 2022. These client transfers include $0.8 billion and $5.7 billion, respectively, transferred to the target date retirement trusts during July and the year-to-date period.
The following table shows the firm's assets under management as of July 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) | 7/31/2022 | 6/30/2022 | 12/31/2021 | |||
U.S. mutual funds | ||||||
Equity | $ 423 | $ 391 | $ 554 | |||
Fixed income, including money market | 79 | 79 | 85 | |||
Multi-asset(b) | 197 | 187 | 232 | |||
699 | 657 | 871 | ||||
Subadvised and separate accounts and other investment products | ||||||
Equity | 329 | 309 | 439 | |||
Fixed income, including money market | 94 | 92 | 90 | |||
Multi-asset(b) | 224 | 209 | 246 | |||
Alternatives | 43 | 43 | 42 | |||
690 | 653 | 817 | ||||
Total assets under management | $ 1,389 | $ 1,310 | $ 1,688 | |||
Target date retirement products | $ 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) | 7/31/2022 | 6/30/2022 | 12/31/2021 | |||
U.S. mutual funds | ||||||
Equity and blended assets | $ 565 | $ 524 | $ 724 | |||
Fixed income, including money market | 134 | 133 | 147 | |||
699 | 657 | 871 | ||||
Subadvised and separate accounts and other investment products | ||||||
Equity and blended assets | 503 | 470 | 632 | |||
Fixed income, including money market | 144 | 140 | 143 | |||
Alternatives | 43 | 43 | 42 | |||
690 | 653 | 817 | ||||
Total assets under management | $ 1,389 | $ 1,310 | $ 1,688 | |||
(a) | Preliminary - subject to adjustment |
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SOURCE T. Rowe Price Group, Inc.