T. Rowe Price had $4.5 billion of mutual fund inflows in the last three months, according to the firm's third-quarter financial results, released today. This brings the Baltimore-based money manager's total mutual fund AUM to $342.9 billion.

Of the $4.5 in quarterly net flows, $2.1 billion came through investments in target-date funds. T. Rowe showed healthy equity fund flows, and nearly an even split between stock and fixed income: it recorded $2.2 billion into equity funds, $2.1 billion into bond funds, and $200 million into money market funds this quarter.

The $4.5 billion is actually a lower net flows figure than T. Rowe has recorded in recent quarters. For the second quarter of 2012, there were $6.3 billion in net flows into the firm's mutual funds, and in the first quarter there were $5.3 billion.

T. Rowe's fortunes rose with the market, with appreciation adding $16.7 billion to the firm's mutual fund AUM in the last three months. Revenue from the firm's investment advisory business rose 14 percent, to $661.4 million, for the quarter. 

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