PRICE T ROWE GROUP INC (TROW)

T. Rowe Price Group, Inc. is a global financial services holding company that, through subsidiaries such as T. Rowe Price Associates (TRPA), T. Rowe Price Investment Management (TRPIM), T. Rowe Price International Ltd (TRPIL), and Oak Hill Advisors (OHA), provides investment advisory services to individuals, financial advisors, institutions, and retirement plan sponsors worldwide. Founded in 1937 and publicly traded on NASDAQ under "TROW," the firm operates as an active, independent investment manager offering equity, fixed income, multi-asset, and alternatives capabilities, along with related administrative services including distribution, mutual fund transfer agency, accounting, shareholder services, defined contribution plan recordkeeping, brokerage, trust, and other advisory services. Its investment strategies span growth, core, value, quantitative, and impact styles across U.S. and global/international equity and fixed income markets, as well as multi-asset solutions (including target date retirement products) and alternatives such as private credit, leveraged loans, mezzanine debt, real assets, structured products, and collateralized loan obligations (CLOs).

Products are delivered through a wide range of vehicles, including U.S. mutual funds, collective investment trusts, exchange-traded funds, separately managed accounts, subadvised funds, SICAVs/FCPs, OEICs, Japanese ITMs, Australian unit trusts, private funds, business development companies, interval funds, and CLOs, distributed across five main channels—Americas and EMEA/APAC financial intermediaries, direct U.S. individual investors, U.S. defined contribution plans, and institutional investors—serving clients in 60 countries across the Americas, EMEA, and APAC regions. As of December 31, 2025, the company managed $1,775.6 billion in assets under management, with target date retirement products alone representing 31.6% of total AUM, and derives substantially all of its net revenue from investment advisory fees, nearly 55% of which come from its sponsored U.S. mutual funds, supplemented by fees from collective investment trusts, subadvised accounts, separately managed accounts, and other sponsored products, as well as performance-based fees on certain accounts and funds. The company continues to pursue strategic initiatives focused on retirement leadership, wealth management growth, global expansion, private markets and alternatives, technology enhancement, and global partnerships, while managing cost discipline through restructuring efforts including role eliminations and technology outsourcing.