PR Newswire
BALTIMORE , Nov. 10, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.28 trillion as of October 31, 2022 . Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.7 billion in October 2022 and $11.0 billion for the year-to-date period ended October 31, 2022 . These client transfers include $0.6 billion and $7.7 billion , respectively, transferred to the target date retirement trusts during October and the year-to-date period.
The following table shows the firm's assets under management as of October 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) | | 10/31/2022 | | 9/30/2022 | | 12/31/2021 |
U.S. mutual funds | | | | | | |
Equity | | 382 | | 365 | | 554 |
Fixed income, including money market | | 74 | | 74 | | 85 |
Multi-asset (b) | | 182 | | 175 | | 232 |
| | 638 | | 614 | | 871 |
Subadvised and separate accounts and other investment products | | | | | | |
Equity | | 299 | | 283 | | 439 |
Fixed income, including money market | | 90 | | 91 | | 90 |
Multi-asset (b) | | 210 | | 199 | | 246 |
Alternatives | | 43 | | 43 | | 42 |
| | 642 | | 616 | | 817 |
Total assets under management | | 1,280 | | 1,230 | | 1,688 |
| ||||||
Target date retirement products | | 327 | | 311 | | 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. |
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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 InformationThe 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) | | 10/31/2022 | | 9/30/2022 | | 12/31/2021 |
U.S. mutual funds | | | | | | |
Equity and blended assets | | 513 | | 488 | | 724 |
Fixed income, including money market | | 125 | | 126 | | 147 |
| | 638 | | 614 | | 871 |
Subadvised and separate accounts and other investment products | | | | | | |
Equity and blended assets | | 464 | | 436 | | 632 |
Fixed income, including money market | | 135 | | 137 | | 143 |
Alternatives | | 43 | | 43 | | 42 |
| | 642 | | 616 | | 817 |
Total assets under management | | 1,280 | | 1,230 | | 1,688 |
(a) Preliminary - subject to adjustment |
SOURCE T. Rowe Price Group, Inc.