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INVESTOR RELATIONS

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

Nov 10, 2021 at 8:30 AM EST

BALTIMORE, Nov. 10, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.67 trillion as of October 31, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $3.1 billion in October 2021 and $21.5 billion for the year-to-date period ended October 31, 2021. These client transfers include $2.2 billion and $14.9 billion, respectively, transferred to the target-date retirement trusts during October and the year-to-date period.

The following table shows the firm's assets under management as of October 31, 2021, and for the prior quarter- and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios. The decline in fixed income assets under management within subadvised and separate accounts and other investment products was due to a single institutional client redemption.

   

As of

   

Preliminary(a)

       

(in billions)

 

10/31/2021

 

9/30/2021

 

12/31/2020

U.S. mutual funds

           

 Equity

 

$

572

   

$

546

   

$

498

 

 Fixed income, including money market

 

87

   

88

   

79

 

 Multi-asset(b)

 

233

   

227

   

217

 
   

892

   

861

   

794

 

Subadvised and separate accounts and other investment products

           

 Equity

 

447

   

428

   

397

 

 Fixed income, including money market

 

86

   

93

   

89

 

 Multi-asset(b)

 

246

   

230

   

190

 
   

779

   

751

   

676

 

Total assets under management

 

$

1,671

   

$

1,612

   

$

1,470

 
 

Target date retirement products

 

$

393

   

$

378

   

$

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)

 

10/31/2021

 

9/30/2021

 

12/31/2020

U.S. mutual funds

           

 Equity and blended assets

 

$

743

   

$

711

   

$

661

 

 Fixed income, including money market

 

149

   

150

   

133

 
   

892

   

861

   

794

 

Subadvised and separate accounts and other investment products

           

 Equity and blended assets

 

640

   

608

   

546

 

 Fixed income, including money market

 

139

   

143

   

130

 
   

779

   

751

   

676

 

Total assets under management

 

$

1,671

   

$

1,612

   

$

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-october-2021-301420997.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