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INVESTOR RELATIONS

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

Oct 12, 2021 at 8:39 AM EDT

BALTIMORE, Oct. 12, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.61 trillion as of September 30, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.2 billion in September 2021, and $3.6 billion for the quarter-ended September 30, 2021. This brings total client transfers for the year-to-date period ended September 30, 2021, to $18.4 billion. These client transfers include $0.4 billion, $1.9 billion and $12.7 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, 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)

 

9/30/2021

 

8/31/2021

 

6/30/2021

 

12/31/2020

U.S. mutual funds

               

 Equity

 

$

546

   

$

573

   

$

551

   

$

498

 

 Fixed income, including money market

 

88

   

88

   

86

   

79

 

 Multi-asset(b)

 

227

   

234

   

229

   

217

 
   

861

   

895

   

866

   

794

 

Subadvised and separate accounts and other
investment products

               

 Equity

 

428

   

449

   

435

   

397

 

 Fixed income, including money market

 

93

   

94

   

92

   

89

 

 Multi-asset(b)

 

230

   

237

   

230

   

190

 
   

751

   

780

   

757

   

676

 

Total assets under management

 

$

1,612

   

$

1,675

   

$

1,623

   

$

1,470

 

Target date retirement products

 

$

378

   

 

$

390

   

 

$

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)

 

9/30/2021

 

8/31/2021

 

6/30/2021

 

12/31/2020

U.S. mutual funds

               

 Equity and blended assets

 

$

711

   

$

746

   

$

719

   

$

661

 

 Fixed income, including money market

 

150

   

149

   

147

   

133

 
   

861

   

895

   

866

   

794

 

Subadvised and separate accounts and
other investment products

               

 Equity and blended assets

 

608

   

636

   

615

   

546

 

 Fixed income, including money market

 

143

   

144

   

142

   

130

 
   

751

   

780

   

757

   

676

 

Total assets under management

 

$

1,612

   

$

1,675

   

$

1,623

   

$

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-september-2021-301397969.html

SOURCE T. Rowe Price Group, Inc.

T. ROWE PRICE CONTACTS: Public Relations, Brian Lewbart, 410-345-2242, brian.lewbart@troweprice.com OR Investor Relations, Linsley Carruth, 410-345-3717, linsley.carruth@troweprice.com