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INVESTOR RELATIONS

T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For June 2020

Jul 13, 2020 at 8:30 AM EDT

BALTIMORE, July 13, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.22 trillion as of June 30, 2020.  Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.1 billion in June 2020, and $4.4 billion for the quarter-ended June 30, 2020.  This brings total client transfers for the year-to-date period ended June 30, 2020, to $8.8 billion. These client transfers include $1.0 billion, $1.7 billion, and $6.0 billion, respectively, transferred to the target-date retirement trusts during the June, quarter-to-date, and year-to-date periods.

In the assets under management presentation immediately below, the firm has separately broken out the assets under management for the firm's multi-asset portfolios, which will align to the disclosures included in the quarterly earnings release.  All prior periods presented have been reclassified to conform to the new presentation.  For reference, the table at the end of the release reflects the data with the underlying assets under management of the multi-asset portfolios included within the equity and fixed income lines.

The firm's assets under management as of June 30, 2020, and for the prior month-, quarter-, and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:

 

As of

 

Preliminary(a)

           

(in billions)

6/30/2020

 

5/31/2020

 

3/31/2020

 

12/31/2019

U.S. mutual funds

             

 Equity

$

407

   

$

394

   

$

328

   

$

407

 

 Fixed income, including money market

76

   

74

   

73

   

74

 

 Multi-asset(b)

188

   

185

   

161

   

202

 
 

671

   

653

   

562

   

683

 

Subadvised and separate accounts and other
investment products

             

 Equity

312

   

303

   

241

   

292

 

 Fixed income, including money market

77

   

76

   

74

   

74

 

 Multi-asset(b)

160

   

154

   

132

   

158

 
 

549

   

533

   

447

   

524

 

Total assets under management

$

1,220

   

$

1,186

   

$

1,009

   

$

1,207

 
                               

Target date retirement products

$

284

   

$

277

   

$

242

   

$

292

 

(a) Preliminary - subject to adjustment
(b) The underlying assets under management of the multi-asset portfolios have been aggregated and presented as a separate line and not reported in the equity and fixed income lines.

Founded in 1937, Baltimore-based T. Rowe Price (troweprice.com) is a global investment management organization that provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The organization also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.

Supplemental Information

   

As of

   

Preliminary(a)

           

(in billions)

 

6/30/2020

 

5/31/2020

 

3/31/2020

 

12/31/2019

U.S. mutual funds

               

 Equity and blended assets

 

$

544

   

$

529

   

$

444

   

$

552.5

 

 Fixed income, including money market

 

127

   

124

   

118

   

130.3

 
   

671

   

653

   

562

   

683

 

Subadvised and separate accounts and other
investment products

               

 Equity and blended assets

 

435

   

422

   

341

   

412

 

 Fixed income, including money market

 

114

   

111

   

106

   

112

 
   

549

   

533

   

447

   

524

 

Total assets under management

 

$

1,220

   

$

1,186

   

$

1,009

   

$

1,207

 

(a) Preliminary - subject to adjustment

Cision View original content:http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-june-2020-301092168.html

SOURCE T. Rowe Price Group, Inc.

T. ROWE PRICE - Public Relations, Brian Lewbart, 410-345-2242, brian_lewbart@troweprice.com; Investor Relations, Meghan Azevedo, 410-345-2756, meghan_azevedo@troweprice.com