The below table shows the firm's assets under management as of June 30, 2024, 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 T. Rowe Price will release Q2 2024 earnings on Friday, July 26, 2024 at 7:00 AM ET. The company will host an earnings call from 8:00 – 8:45 AM ET that day. To access the webcast and accompanying materials, visit the company's investor relations website at: investors.troweprice ...

Core Viewpoint - T. Rowe Price has launched its first federally tax-free fixed income ETF, the T. Rowe Price Intermediate Municipal Income ETF (Ticker: TAXE), expanding its active ETF lineup to 16 products [1][2]. Group 1: ETF Launch Details - The Intermediate Municipal Income ETF began trading on NASDAQ on July 10, 2024, focusing on investment-grade intermediate-term municipal bonds with a weighted average effective maturity of four to 12 years [4]. - This ETF is co-managed by James Lynch and Charlie Hill, who have a combined 53 years of investment experience in managing municipal bond strategies [4]. - The ETF aims to provide the highest level of income exempt from federal income taxes while maintaining moderate price fluctuation, with a net expense ratio of 0.24% [5]. Group 2: Company Background and Strategy - T. Rowe Price, founded in 1937, manages USD $1.54 trillion in assets as of May 31, 2024, and is recognized for its investment excellence and retirement leadership [3]. - The firm has been expanding its ETF offerings since introducing its first active ETFs in August 2020, now including five semi-transparent equity ETFs, six transparent fixed income ETFs, and five transparent equity ETFs [2]. - The launch of the Intermediate Municipal Income ETF reflects T. Rowe Price's commitment to meeting the evolving needs of clients by combining active management expertise with the benefits of the ETF structure [3][9].

New York, New York, June 25, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors ("OHA") served as Administrative Agent and Lead Left Arranger for a private unitranche facility to support a recapitalization of MedVet. MedVet is a founder and veterinarian owned platform that operates a leading network of specialty and emergency veterinary hospitals across the U.S. OHA was the sole lender of the private unitranche facility, consisting of a term loan and delayed draw term loan. "OHA is a true partner in this important ...

BALTIMORE, June 20, 2024 /PRNewswire/ -- T. Rowe Price, a global investment management firm and a leader in retirement, released its outlook for global financial markets for the remainder of 2024. Underpinning the outlook for the next six months is the change in expectations for central bank policy. Given pricing on interest rate futures, there will likely be far fewer interest rate cuts from global central banks than seemed likely at the start of the year. Equity and fixed income markets are adjusting acco ...

At the time of savings, investment solutions are primarily evaluated using a two-dimensional framework that is aimed at achieving a desired return while effectively managing risk. The latest 5-D framework for the decumulation phase of investments focuses on a wider range of objectives, including longevity risk hedge, payment level, volatility, liquidity of balance and unexpected balance depletion, addressing the need for a more comprehensive approach to retirement savings management. Sebastien Page, head of ...

Core Insights - T. Rowe Price has developed a five-dimensional (5-D) framework to assist defined contribution (DC) plan sponsors in evaluating retirement income products, addressing the lack of a common method in the industry [1][5][6] - The framework aims to provide a standard language for plan sponsors, advisors, and consultants to understand tradeoffs in retirement income solutions tailored to participant objectives [2][7] Group 1: Framework Details - The 5-D framework includes five key dimensions: longevity risk hedge, level of payments, volatility of payments, liquidity of balance, and unexpected balance depletion [2][6] - This framework allows for quantifiable metrics to assess how well various retirement income solutions can help participants achieve their specific objectives [6][7] Group 2: Industry Context - T. Rowe Price's research indicates that 71% of DC plan sponsors recognize the aging demographics of their participants, with 69% expressing a desire for more participants to retain their DC balances post-retirement [5][9] - The firm manages USD 1.54 trillion in assets as of May 31, 2024, and is recognized for its expertise in retirement solutions and active management across various investment strategies [4][8]

T. Rowe Price in Focus Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. T. Rowe Price (TROW) is headquartered in Baltimore, and is in the Finance sector. The stock has seen a price change of 6.7% since the start of the year. The financial services firm is currently shelling ou ...

TROW experienced net inflows of $6.7 billion in May 2024. At the end of May, TROW's equity products aggregated $790 billion, which increased 3.7% from the previous month's level. Fixed income (including money market) rose 6.5% to $180 billion. Further, multi-asset products were $524 billion, which jumped 3.6% from the previous month. Alternative products of $48 billion remained unchanged from the prior month's level. Over the past three months, shares of T. Rowe Price have risen 3% compared with the industr ...

BALTIMORE, June 12, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.54 trillion as of May 31, 2024. Preliminary net inflows for May 2024 were $6.7 billion, including a large institutional fixed income inflow. The below table shows the firm's assets under management as of May 31, 2024, and for the prior month-, quarter- and year-end by asset class and in the firm's target date retirement portfolios. | --- | --- | --- | --- | ...

New York, New York, June 11, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors ("OHA") served as Administrative Agent and Lead Left Arranger for a unitranche facility supporting National Carwash Solutions ("NCS"), a portfolio company of Berkshire Partners ("Berkshire"). NCS is a leading provider of car wash equipment, supplies and services to operators across North America. OHA provided half of the over one billion dollar total financing facility, consisting of a unitranche term loan, delayed draw term loan and re ...