T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR MAY 2023

News provided by

T. Rowe Price Group, Inc.

Jun 12, 2023, 08:30 ET

BALTIMORE, June 12, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.35 trillion as of May 31, 2023. Preliminary net outflows for May 2023 were $9.6 billion.

The below table shows the firm's assets under management as of May 31, 2023, 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)

5/31/2023

4/30/2023

3/31/2023

12/31/2022









 Equity

$            697

$           699

$            695

$            664

 Fixed income, including money market

170

171

171

167

 Multi-asset

434

438

432

400

 Alternatives

45

45

44

44

Total assets under management

$         1,346

$        1,353

$         1,342

$         1,275

Target date retirement products

$            363

$           366

$            361

$            334

(a) Preliminary - subject to adjustment

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.

SOURCE T. Rowe Price Group, Inc.

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