1 unchanged sentence
EQUITY PRICE RISK.
−Removed: Our investments in T.
−Removed: Rowe Price investment products are carried at fair value, and, as such, these investments are subject to market risk.
−Removed: The following table presents the equity price risk from our investments in T.
−Removed: Rowe Price investment products.
+Added: Our investments in sponsored investment products are carried at fair value, and, as such, these investments are subject to market risk.
+Added: The following table presents the equity price risk from our investments in sponsored investment products.
Investments in these products generally moderate market risk as they are diversified and invest in a number of different financial instruments.
9 unchanged sentences
(in millions) Fair value 12/31/2022 Potential lower value Potential
−Removed: Investments in T.
−Removed: Rowe Price products
+Added: Investments in sponsored products
Discretionary investments $ 242.0 $ 217.8 $ 24.2 10 %
1 unchanged sentence
Investments designated as an economic hedge of supplemental savings plan liability 760.7 682.1 78.6 10 %
+Added: Investments in affiliated collateralized loan obligations 6.4 5.8 .6 9 %
Total $ 1,197.8 $ 1,075.0 $ 122.8 10 %
−Removed: Direct investment in consolidated T.
−Removed: Rowe Price investment products
+Added: Direct investment in consolidated sponsored investment products
Discretionary investments $ 8.1 $ 7.3 $ .8 10 %
5 unchanged sentences
Rowe Price Group.
−Removed: The direct investment in consolidated T.
−Removed: Rowe Price investment products represents our portion of the net assets of the product.
+Added: The direct investment in consolidated sponsored investment products represents our portion of the net assets of the product.
Upon consolidation of these products, our direct investment is eliminated, and the net assets of the products are combined in our consolidated balance sheet, together with redeemable non-controlling interests, which represents the portion of the products that is owned by unrelated third-party investors.
−Removed: Any losses arising from the change in fair value of our direct investments in consolidated T.
−Removed: Rowe Price investment products would also result in a corresponding decrease, net of tax, in our net income attributable to T.
+Added: Any losses arising from the change in fair value of our direct investments in consolidated sponsored investment products would also result in a corresponding decrease, net of tax, in our net income attributable to T.
Rowe Price Group.
3 unchanged sentences
CURRENCY TRANSLATION RISK.
−Removed: Certain of our investments, including a few consolidated T.
−Removed: Rowe Price investment products, expose us to currency translation risk when the financial statements are translated into U.S.
+Added: Certain of our investments, including a few consolidated sponsored investment products, expose us to currency translation risk when the financial statements are translated into U.S.
dollars ("USD").
10 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.