T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR DECEMBER 2024

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Jan 13, 2025, 08:30 ET

BALTIMORE, Jan. 13, 2025 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.61 trillion as of December 31, 2024. Preliminary net outflows were $10.9 billion for December 2024, $19.3 billion for the quarter-ended December 31, 2024, and $43.2 billion for the year. Preliminary quarterly net flows include substantially all of the previously disclosed subadvisory redemption and $0.8 billion of Manager-driven distributions.

T. Rowe Price Logo (PRNewsfoto/T. Rowe Price Group)

The below table shows the firm's assets under management as of December 31, 2024, and for the prior month-, quarter-, and year-end by asset class and in the firm's target date retirement portfolios.

	As of
	Preliminary^(a)
(in billions)	12/31/2024	11/30/2024	9/30/2024	12/31/2023

Equity	$ 830	$ 859	$ 832	$ 744
Fixed income, including money market	188	187	186	170
Multi-asset	536	568	561	483
Alternatives	53	53	52	48
Total assets under management	$ 1,607	$ 1,667	$ 1,631	$ 1,445

Target date retirement portfolios	$ 476	$ 491	$ 482	$ 408
^{(a) Preliminary - subject to adjustment}

Q4 2024 Earnings Release and Earnings Call

T. Rowe Price will release Q4 2024 earnings on Wednesday, February 5, 2025 at 7:00 AM ET. The company will host an earnings call from 8:00 – 8:45 AM ET that day. To access the webcast and accompanying materials, visit the company's investor relations website at: investors.troweprice.com

About T. Rowe Price

Founded in 1937, T. Rowe Price (NASDAQ – GS: TROW) helps individuals and institutions around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Clients rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price serves millions of clients globally and manages $1.61 trillion in assets under management as of December 31, 2024. About two-thirds of the assets under management are retirement-related. News and other updates can be found on Facebook, Instagram, LinkedIn, X, YouTube, and troweprice.com/newsroom.

SOURCE T. Rowe Price Group