T. Rowe Price Celebrates 50th Anniversary of Funds Managing $55 Billion
TROW•T. Rowe Price is celebrating the 50th anniversary of its Government Money Fund and Tax-Free Income Fund, now managing $34 billion and $21 billion respectively as of March 31, 2026. The firm oversees $69 billion in liquidity-focused strategies and $31 billion in tax-exempt portfolios.
1. 50th Anniversary of Flagship Funds
T. Rowe Price launched its Government Money Fund in January 1976 and its Tax-Free Income Fund in October 1976, marking the firm’s entry into money market and municipal bond investing. These funds were the first of their kind for the firm and join six other T. Rowe Price mutual funds with histories exceeding 50 years.
2. AUM Growth and Fund Scale
As of March 31, 2026, the Government Money Fund holds $34 billion while the Tax-Free Income Fund holds $21 billion, contributing to $69 billion in liquidity-focused strategies and $31 billion in tax-exempt portfolios. This growth underlines the firm’s ability to scale products that address liquidity management and tax-efficiency in volatile markets.
3. Strategic Positioning and Client Impact
The milestone underscores T. Rowe Price’s research-driven approach to portfolio construction and disciplined liquidity management, reinforcing its reputation in retirement and fixed-income strategies. By showcasing half a century of uninterrupted fund management, the firm aims to strengthen investor confidence and highlight its expertise in navigating changing interest rate and market environments.
