T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR JANUARY 2025

Core Insights - T. Rowe Price Group, Inc. reported preliminary month-end assets under management of $1.65 trillion as of January 31, 2025, reflecting an increase from $1.607 trillion at the end of 2024 [1][2] - The firm experienced preliminary net outflows of $2.1 billion in January 2025 [1] - The assets under management by asset class include $854 billion in equity, $190 billion in fixed income (including money market), $553 billion in multi-asset, and $53 billion in alternatives [2] Asset Class Breakdown - Equity assets increased from $830 billion at the end of 2024 to $854 billion as of January 31, 2025 [2] - Fixed income assets rose slightly from $188 billion to $190 billion during the same period [2] - Multi-asset investments grew from $536 billion to $553 billion [2] - Alternatives remained stable at $53 billion [2] Target Date Retirement Portfolios - Target date retirement portfolios saw an increase in assets from $476 billion at the end of 2024 to $492 billion as of January 31, 2025 [2] - Approximately two-thirds of T. Rowe Price's total assets under management are related to retirement [3]