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 $3.9 billion, respectively, transferred to the target date retirement trusts during April and the year-to-date period.
The following table shows the firm's assets under management as of April 30, 2022, and for the prior quarter- and year-end by investment vehicle, by asset class, and in the firm's target date retirement portfolios.
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As of
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Preliminary(a)
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(in billions)
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4/30/2022
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3/31/2022
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12/31/2021
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U.S. mutual funds
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|
|
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|
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Equity
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$ 435
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$ 489
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$ 554
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Fixed income, including money market
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81
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84
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85
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Multi-asset(b)
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202
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217
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232
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718
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790
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871
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Subadvised and separate accounts and other investment products
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|
|
|
|
|
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Equity
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345
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|
389
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439
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Fixed income, including money market
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91
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91
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90
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Multi-asset(b)
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224
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240
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|
246
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Alternatives
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42
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|
42
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|
42
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|
|
702
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|
762
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|
817
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Total assets under management
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$ 1,420
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$ 1,552
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$ 1,688
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Target date retirement products
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$ 351
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$ 375
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$ 391
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(a)
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Preliminary - subject to adjustment
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(b)
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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.
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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.
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As of
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|
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Preliminary(a)
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|
|
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(in billions)
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|
4/30/2022
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3/31/2022
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|
12/31/2021
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U.S. mutual funds
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|
|
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Equity and blended assets
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$ 579
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$ 647
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|
$ 724
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Fixed income, including money market
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139
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|
143
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|
147
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|
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718
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|
790
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|
871
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Subadvised and separate accounts and other investment products
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|
|
|
|
|
|
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Equity and blended assets
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|
518
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577
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|
632
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Fixed income, including money market
|
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142
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|
143
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143
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Alternatives
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42
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|
42
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|
42
|
|
|
702
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|
762
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|
817
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Total assets under management
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$ 1,420
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$ 1,552
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$ 1,688
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(a)
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Preliminary - subject to adjustment
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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.
