T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR JULY 2024

BALTIMORE, Aug. 12, 2024 /PRNewswire/ — T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.59 trillion as of July 31, 2024. Preliminary net outflows for July 2024 were $2.0 billion.

The below table shows the firm’s assets under management as of July 31, 2024, and for the prior quarter- and year-end by asset class and in the firm’s target date retirement portfolios.

		As of
		Preliminary(a)
(in billions)		7/31/2024		6/30/2024		12/31/2023
Equity		nbsp;           814		nbsp;           810		nbsp;           744
Fixed income, including money market		182		180		170
Multi-asset		541		529		483
Alternatives		50		50		48
Total assets under management		nbsp;        1,587		nbsp;        1,569		nbsp;        1,445
Target date retirement products		nbsp;           464		nbsp;           453		nbsp;           408
(a) Preliminary – subject to adjustment

About T. Rowe Price

Founded in 1937, T. Rowe Price (NASDAQ – GS: TROW) helps individuals and institutions 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. Clients rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price has $1.59 trillion in assets under management as of July 31, 2024, and serves millions of clients globally. News and other updates can be found on Facebook, Instagram, LinkedIn, X, YouTube, and troweprice.com/newsroom.

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SOURCE T. Rowe Price Group