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

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. 

^{(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.

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SOURCE T. Rowe Price Group, Inc.