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

Q: 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.

Q: 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.

Q: 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.

Q: 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.

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

No, the figures are preliminary and subject to adjustment.

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.

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

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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

Argus Dec 10 session

-1.72% close to close Open Argus

Details

News Market Reaction – TROW

On Dec 10, the day this news came out, TROW closed 1.72% below the previous close.

Data tracked by StockTitan Argus for the Dec 10 session.

Market Context

This announcement highlights T. Rowe Price’s preliminary November 2025 assets under management of $1...

Analysis

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 Figures

Preliminary AUM: $1.79 trillion Net outflows: $8.0 billion Total AUM: $1,787 billion +5 more

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

Historical Context

5 past events · Latest: Dec 08

5 events

Dec 08
Retirement survey release

24h Move

-1.9%

Global retirement savers study with sentiment and expectation data.
Dec 01
Portfolio company financing

24h Move

-0.8%

Omni Fiber financing round supported by multiple capital providers.
Nov 19
Market outlook commentary

24h Move

-0.1%

Management shared 2026 outlook on growth, policy, and portfolio tilts.
Nov 19
Podcast episode release

24h Move

-0.1%

C‑suite podcast episode on health care transformation and firm AUM mention.
Nov 13
Podcast season launch

24h Move

-1.0%

Launch of new podcast season focused on retirement planning topics.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

assets under management, fixed income, multi-asset, alternatives, +1 more

5 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.

View in glossary

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. How Rhea-AI works. Not financial advice.

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12/10/2025 - 08:30 AM

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

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