T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR NOVEMBER 2025

Rhea-AI Summary

T. Rowe Price (NASDAQ: TROW) reported preliminary month-end assets under management of $1.79 trillion as of November 30, 2025, and preliminary net outflows of $8.0 billion for November 2025. The firm provided asset-class breakdowns: Equity $891B, Fixed income $211B, Multi-asset $628B, Alternatives $57B, and Target date retirement portfolios $562B.

Figures are preliminary and subject to adjustment; beginning July 2025, managed account model-delivery assets are included in AUM.

Positive

• Total AUM up ~11% year-over-year (from $1,607B to $1,787B)
• Target date portfolios up ~18% year-over-year (from $476B to $562B)
• Multi-asset AUM up ~17% year-over-year (from $536B to $628B)
• Fixed income AUM up ~12% year-over-year (from $188B to $211B)

Negative

• Preliminary net outflows of $8.0B for November 2025

Key Figures

Preliminary AUM $1.79 trillion Preliminary November 2025 month-end assets under management

Net outflows $8.0 billion Preliminary net outflows for November 2025

Total AUM $1,787 billion AUM as of 11/30/2025 from table

Total AUM prior month $1,790 billion AUM as of 10/31/2025 from table

Total AUM prior quarter $1,767 billion AUM as of 9/30/2025 from table

Total AUM prior year-end $1,607 billion AUM as of 12/31/2024 from table

Equity AUM $891 billion Equity assets under management as of 11/30/2025

Target date AUM $562 billion Target date retirement portfolios AUM as of 11/30/2025

Market Reality Check

$103.56 Last Close

Volume Volume 1,174,285 is below 20-day average of 1,635,917, suggesting subdued trading interest ahead of the AUM update. normal

Technical Price $105.37 is trading above the 200-day MA of $99.47, reflecting a generally constructive longer-term trend into this AUM release.

Peers on Argus

TROW gained 0.81% ahead of the AUM update. Peers showed mixed but generally positive moves, with TPG up 6.4%, OWL up 4.19%, CG up 2.78%, PFG up 1.39%, and NTRS roughly flat at -0.02%. The pattern points more to stock-specific positioning than a unified sector move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 08	Retirement survey release	Neutral	-1.9%	Global retirement savers study with sentiment and expectation data.
Dec 01	Portfolio company financing	Neutral	-0.8%	Omni Fiber financing round supported by multiple capital providers.
Nov 19	Market outlook commentary	Neutral	-0.1%	Management shared 2026 outlook on growth, policy, and portfolio tilts.
Nov 19	Podcast episode release	Neutral	-0.1%	C‑suite podcast episode on health care transformation and firm AUM mention.
Nov 13	Podcast season launch	Neutral	-1.0%	Launch of new podcast season focused on retirement planning topics.

Pattern Detected

Recent TROW headlines have been mostly informational or marketing oriented, with modestly negative price reactions, suggesting limited near-term trading impact from such updates.

Recent Company History

Over the past few months, T. Rowe Price news has focused on thought leadership, marketing, and client engagement rather than hard financial catalysts. Events include a global retirement savers study on Dec 8, 2025, a financing-related Omni Fiber item on Dec 1, 2025, a 2026 global market outlook on Nov 19, 2025, a health care–focused podcast episode also on Nov 19, 2025, and the launch of Season 5 of a retirement podcast on Nov 13, 2025. Price reactions to these items were small and slightly negative, framing today’s AUM update against a backdrop of low-impact news flow.

Market Pulse Summary

This announcement highlights T. Rowe Price’s preliminary November 2025 assets under management of $1.79 trillion and net outflows of $8.0 billion, with detailed asset‑class breakdowns across equity, fixed income, multi‑asset, and alternatives. AUM at $1,787 billion remains well above the $1,607 billion level at year‑end 2024, framing the update within a year of overall asset growth. Going forward, consistency of flows across strategies and trends in target date retirement portfolios at $562 billion will be key monitoring points.

Key Terms

assets under management financial

"announced preliminary November month-end assets under management of $1.79 trillion."

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

fixed income financial

"Fixed income, including money market | | 211 | | 210 |"

Fixed income is a type of investment where you lend money to an entity — like a government, city, or company — in exchange for regular, scheduled interest payments and return of your principal at a set date. Think of it like lending a friend cash with an agreed payment plan: it typically provides steadier, more predictable income and less price swings than stocks, making it useful for income generation, capital preservation, and balancing risk in a portfolio.

multi-asset financial

"Multi-asset | | 628 | | 622 | | 618 |"

Multi-asset refers to an investment approach that combines different types of assets, such as stocks, bonds, real estate, and commodities, within a single portfolio. This strategy helps spread out risk and can provide more stable returns, much like diversifying a garden with various plants to ensure overall health. For investors, it offers a way to balance potential gains and reduce the impact of any one asset's poor performance.

alternatives financial

"Alternatives | | 57 | | 56 | | 56 |"

Alternatives are investments outside traditional stocks, bonds and cash—things like private equity, hedge funds, real estate, commodities or infrastructure—that behave differently from the mainstream market. They matter to investors because they can change a portfolio’s risk and return profile, offering potential upside or protection when regular markets move differently; think of them as adding different spices to a meal to balance flavor and reduce reliance on a single ingredient.

target date retirement portfolios financial

"Target date retirement portfolios | | $ 562 | | $ 557 |"

A target date retirement portfolio is a pooled investment that is labeled for a specific year when an investor expects to retire and automatically shifts its holdings to become more conservative as that year approaches. Think of it as an autopilot savings plan that starts with more growth-oriented investments and gradually moves into safer, income-focused ones; investors use it to get a ready-made, age-appropriate mix without actively rebalancing.

AI-generated analysis. Not financial advice.

BALTIMORE, Dec. 10, 2025 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced preliminary November month-end assets under management of $1.79 trillion. Preliminary net outflows for November 2025 were $8.0 billion.

The below table shows the firm's assets under management as of November 30, 2025, and for the prior month-, quarter- and year-end by asset class and in the firm's target date retirement portfolios.

		As of
(in billions)		11/30/2025(a)(b)		10/31/2025		9/30/2025		12/31/2024
Equity		$               891		$            902		$            885		$            830
Fixed income, including money market		211		210		208		188
Multi-asset		628		622		618		536
Alternatives		57		56		56		53
Total assets under management		$            1,787		$         1,790		$         1,767		$         1,607
Target date retirement portfolios		$               562		$            557		$            553		$            476
(a) Preliminary - subject to adjustment
(b) Beginning in July 2025, managed account - model delivery assets are included in assets under management.

ABOUT T. ROWE PRICE 
T. Rowe Price (NASDAQ-GS: TROW) is a leading global asset management firm, entrusted with managing $1.79 trillion in client assets as of November 30, 2025, about two-thirds of which are retirement-related. Renowned for over 85 years of investment excellence, retirement leadership, and independent proprietary research, the firm leverages its long-standing expertise to ask better questions that can drive better investment decisions. Built on a culture of integrity and prioritizing client interests, T. Rowe Price empowers millions of investors worldwide to thrive amidst evolving markets. Visit troweprice.com/newsroom for news and public policy commentary.

View original content to download multimedia:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-november-2025-302637895.html

SOURCE T. Rowe Price Group

FAQ

What were T. Rowe Price's total assets under management as of November 30, 2025 (TROW)?

Preliminary total assets under management were $1.79 trillion as of November 30, 2025.

How much did T. Rowe Price report in preliminary net outflows for November 2025 (TROW)?

The company reported preliminary net outflows of $8.0 billion for November 2025.

What was T. Rowe Price's target date retirement AUM on November 30, 2025 (TROW)?

Target date retirement portfolios were $562 billion as of November 30, 2025.

How did T. Rowe Price's total AUM change year-over-year to November 30, 2025 (TROW)?

Total AUM increased by about 11% year-over-year from $1,607 billion at 12/31/2024 to $1,787 billion at 11/30/2025.

Are the November 30, 2025 AUM figures for T. Rowe Price final (TROW)?

No, the figures are preliminary and subject to adjustment.

Did T. Rowe Price change AUM reporting methodology in 2025 (TROW)?

Yes, beginning in July 2025 managed account model-delivery assets were included in AUM.