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

September 13, 2021

Press Release_August2021 AUM v3.pdf 155.1 KB

BALTIMORE, Sept. 13, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.68 trillion as of August 31, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.1 billion in August 2021 and $2.4 billion for the quarter-to-date period ended August 31, 2021. This brings total client transfers for the year-to-date period ended August 31, 2021, to $17.2 billion. These client transfers include $1.3 billion, $1.5 billion, and $12.3 billion, respectively, transferred to the target-date retirement trusts during the August, quarter-to-date, and year-to-date periods.

The firm's assets under management as of August 31, 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)	8/31/2021		7/31/2021		6/30/2021		12/31/2020
U.S. mutual funds
Equity	$	573	$	557	$	551	$	498
Fixed income, including money market	88		86		86		79
Multi-asset^(b)	234		231		229		217
	895		874		866		794
Subadvised and separate accounts and other investment products
Equity	449		438		435		397
Fixed income, including money market	94		93		92		89
Multi-asset^(b)	237		231		230		190
	780		762		757		676
Total assets under management	$	1,675	$	1,636	$	1,623	$	1,470
Target date retirement products	$	390	$	381	$	379	$	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)	8/31/2021		7/31/2021		6/30/2021		12/31/2020
U.S. mutual funds
Equity and blended assets	$	746	$	726	$	719	$	661
Fixed income, including money market	149		148		147		133
	895		874		866		794
Subadvised and separate accounts and other investment products
Equity and blended assets	636		618		615		546
Fixed income, including money market	144		144		142		130
	780		762		757		676
Total assets under management	$	1,675	$	1,636	$	1,623	$	1,470

(a)	Preliminary - subject to adjustment

View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-august-2021-301375213.html

SOURCE T. Rowe Price Group, Inc.

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

Release Details

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