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

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09/13/2023 - 08:30 AM

BALTIMORE, Sept. 13, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.40 trillion as of August 31, 2023. Preliminary net outflows for August 2023 were $7.8 billion, including a redemption from a subadvisory client.

The below table shows the firm's assets under management as of August 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)	8/31/2023	7/31/2023	6/30/2023	12/31/2022

Equity	$ 730	$ 752	$ 732	$ 664
Fixed income, including money market	169	169	169	167
Multi-asset	457	467	453	400
Alternatives	46	45	45	44
Total assets under management	$ 1,402	$ 1,433	$ 1,399	$ 1,275
Target date retirement products	$ 384	$ 392	$ 380	$ 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.

View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-august-2023-301926252.html