T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For August 2017

9/13/17

T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $934 billion as of August 31, 2017. Client transfers from mutual funds to other portfolios were $1.4 billion for the month-ended August 31, 2017.

The firm's assets under management as of August 31, 2017, and for prior month, quarter, and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:

As of
Preliminary(a)
(in billions) 8/31/2017 7/31/2017 6/30/2017 12/31/2016
Sponsored U.S. mutual funds
Stock and blended asset $ 455 $ 453 $ 446 $ 401
Bond and money market 124 122 121 113
579 575 567 514
Other investment portfolios
Stock and blended asset 267 265 254 221
Bond, money market, and stable value 88 87 83 76
355 352 337 297
Total assets under management $ 934 $ 927 $ 904 $ 811
Target date retirement portfolios $ 220 $ 219 $ 214 $ 189
(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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