T. Rowe Price Group Reports Preliminary Month-End Assets Under Management for September 2020

October 12, 2020

Press Release_Sep2020 AUM_FINAL.pdf 165.6 KB

BALTIMORE, Oct. 12, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.31 trillion as of September 30, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.5 billion in September 2020, and $2.4 billion for the quarter-ended September 30, 2020. This brings total client transfers for the year-to-date period ended September 30, 2020, to $11.2 billion. These client transfers include $0.1 billion, $1.6 billion and $7.7 billion, respectively, transferred to the target-date retirement trusts during the September, quarter-to-date, and year-to-date periods.

The firm's assets under management as of September 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)	9/30/2020		8/31/2020		6/30/2020		12/31/2019
U.S. mutual funds
Equity	$	442	$	456	$	407	$	407
Fixed income, including money market	78		77		76		74
Multi-asset^(b)	196		202		188		202
	716		735		671		683
Subadvised and separate accounts and other investment products
Equity	344		353		312		292
Fixed income, including money market	83		83		77		74
Multi-asset^(b)	167		172		160		158
	594		608		549		524
Total assets under management	$	1,310	$	1,343	$	1,220	$	1,207

Target date retirement products	$	297	$	305	$	284	$	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

The following table reflects the data with the underlying assets under management of the multi-asset portfolios included within the equity and fixed income lines.

	As of
	Preliminary^(a)
(in billions)	9/30/2020		8/31/2020		6/30/2020		12/31/2019
U.S. mutual funds
Equity and blended assets	$	587	$	606	$	544	$	553
Fixed income, including money market	129		129		127		130
	716		735		671		683
Subadvised and separate accounts and other investment products
Equity and blended assets	473		487		435		412
Fixed income, including money market	121		121		114		112
	594		608		549		524
Total assets under management	$	1,310	$	1,343	$	1,220	$	1,207


(a)	Preliminary - subject to adjustment

View original content:http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-september-2020-301150176.html

SOURCE T. Rowe Price Group, Inc.

Public Relations, Brian Lewbart, 410-345-2242, brian.lewbart@troweprice.com; Investor Relations, Meghan Azevedo, 410-345-2756, meghan.azevedo@troweprice.com

Release Details

T. Rowe Price Group Reports Preliminary Month-End Assets Under Management for September 2020