T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For December 2018

BALTIMORE, Jan. 11, 2019

The firm's assets under management as of December 31, 2018, and for the 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)		12/31/2018 ARIVA.DE Börsen-Geflüster Kurse T. Rowe Price Group 101,88 € -0,24%				11/30/2018				9/30/2018				12/31/2017
U.S. mutual funds
Equity and blended assets		$	441			$	485			$	515			$	480
Fixed income and money market		123				126				130				126
		564				611				645				606
Subadvised and separately managed accounts and other investment products
Equity and blended assets		299				323				339				292
Fixed income and money market		99				98				100				93
		398				421				439				385
Total assets under management		$	962			$	1,032			$	1,084			$	991
Target date retirement products(b)		$	230			$	243			$	252			$	234
(a) Preliminary - subject to adjustment
(b) Includes the assets under management of the firm's target date retirement mutual funds and trusts as well as those target date retirement portfolios managed in separate accounts.

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.