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INVESTOR RELATIONS

T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For June 2021

Jul 13, 2021 at 8:30 AM EDT

BALTIMORE, July 13, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.62 trillion as of June 30, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.8 billion in June 2021, and $9.2 billion for the quarter-ended June 30, 2021.  This brings total client transfers for the year-to-date period ended June 30, 2021, to $14.8 billion. These client transfers include $0.6 billion, $5.9 billion and $10.8 billion, respectively, transferred to the target-date retirement trusts during the June, second quarter, and year-to-date periods.

The firm's assets under management as of June 30, 2021, 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)

 

6/30/2021

 

5/31/2021

 

3/31/2021

 

12/31/2020

U.S. mutual funds

               

 Equity

 

$

551

   

$

535

   

$

512

   

$

498

 

 Fixed income, including money market

 

86

   

86

   

82

   

79

 

 Multi-asset(b)

 

229

   

229

   

222

   

217

 
   

866

   

850

   

816

   

794

 

Subadvised and separate accounts and other
investment products

               

 Equity

 

435

   

425

   

406

   

397

 

 Fixed income, including money market

 

92

   

92

   

90

   

89

 

 Multi-asset(b)

 

230

   

226

   

206

   

190

 
   

757

   

743

   

702

   

676

 

Total assets under management

 

$

1,623

   

$

1,593

   

$

1,518

   

$

1,470

 
 

Target date retirement products

 

$

379

   

$

376

   

$

352

   

$

332

 
   

(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)

 

6/30/2021

 

5/31/2021

 

3/31/2021

 

12/31/2020

U.S. mutual funds

               

 Equity and blended assets

 

$

719

   

$

705

   

$

677

   

$

661

 

 Fixed income, including money market

 

147

   

145

   

139

   

133

 
   

866

   

850

   

816

   

794

 

Subadvised and separate accounts and other
investment products

               

 Equity and blended assets

 

615

   

602

   

568

   

546

 

 Fixed income, including money market

 

142

   

141

   

134

   

130

 
   

757

   

743

   

702

   

676

 

Total assets under management

 

$

1,623

   

$

1,593

   

$

1,518

   

$

1,470

 
 

(a) Preliminary - subject to adjustment

 

 

Cision View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-june-2021-301332541.html

SOURCE T. Rowe Price Group, Inc.

Public Relations, Brian Lewbart, 410-345-2242, brian.lewbart@troweprice.com; Investor Relations, Linsley Carruth, 410-345-3717, linsley.carruth@troweprice.com