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

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12/12/2023 - 08:30 AM

BALTIMORE, Dec. 12, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.39 trillion as of November 30, 2023. Preliminary net outflows for November 2023 were $12.6 billion.

The below table shows the firm's assets under management as of November 30, 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)	11/30/2023	10/31/2023	9/30/2023	12/31/2022

Equity	$ 717	$ 668	$ 690	$ 664
Fixed income, including money market	168	168	169	167
Multi-asset	462	429	440	400
Alternatives	47	47	47	44
Total assets under management	$ 1,394	$ 1,312	$ 1,346	$ 1,275
Target date retirement products	$ 391	$ 364	$ 372	$ 334

(a) Preliminary - subject to adjustment

^{About T. Rowe Price}

Founded in 1937, T. Rowe Price (NASDAQ - GS: TROW) helps people around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Investors rely on the award-winning firm for its retirement expertise and active management approach of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price manages $1.39 trillion in assets under management as of November 30, 2023, and serves millions of clients globally. News and other updates can be found on Facebook, Instagram, LinkedIn, X, YouTube, and troweprice.com/newsroom.

T. ROWE PRICE CONTACTS:

Public Relations		Investor Relations
Jamaal Mobley		Linsley Carruth
410-345-3403		410-345-3717
jamaal.mobley@troweprice.com		linsley.carruth@troweprice.com