BALTIMORE, Jan. 12, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.28 trillion as of December 31, 2022. Preliminary net outflows for the fourth quarter of 2022 were $17.1 billion, bringing preliminary year-to-date net outflows to $61.7 billion.

The below table shows the firm’s assets under management as of December 31, 2022, and for the prior month-, quarter-, and year-end by investment vehicle, by asset class, and in the firm’s target date retirement portfolios. Investment vehicle assets under management also reflect client transfers from mutual funds to other portfolios, including trusts and separate accounts, of $0.7 billion in December 2022, and $2.1 billion for the quarter ended December 31, 2022. This brings total client transfers for 2022 to $12.4 billion. These client transfers include $0.5 billion, $1.6 billion, and $8.7 billion, respectively, transferred to the target date retirement trusts during the December, fourth quarter, and year-to-date periods.

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 Information

The following table reflects the data with the underlying assets under management of the multi-asset portfolios included within the equity and fixed income lines.

(a) Preliminary - subject to adjustment

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SOURCE T. Rowe Price Group, Inc.