T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For August 2020

September 11, 2020

2020_09_11_AUM_Final.pdf 137.9 KB

BALTIMORE, Sept. 11, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.34 trillion as of August 31, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.3 billion in August 2020 and $1.9 billion for the quarter-to-date period ended August 31, 2020. This brings total client transfers for the year-to-date period ended August 31, 2020, to $10.7 billion. These client transfers include $1.0 billion, $1.5 billion and $7.6 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, 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)	8/31/2020		7/31/2020		6/30/2020		12/31/2019
U.S. mutual funds
Equity	$	456	$	432	$	407	$	407
Fixed income, including money market	77		77		76		74
Multi-asset^(b)	202		195		188		202
	735		704		671		683
Subadvised and separate accounts and other investment products
Equity	353		331		312		292
Fixed income, including money market	83		81		77		74
Multi-asset^(b)	172		166		160		158
	608		578		549		524
Total assets under management	$	1,343	$	1,282	$	1,220	$	1,207
Target date retirement products	$	305	$	295	$	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)	8/31/2020		7/31/2020		6/30/2020		12/31/2019
U.S. mutual funds
Equity and blended assets	$	606	$	575	$	544	$	553
Fixed income, including money market	129		129		127		130
	735		704		671		683
Subadvised and separate accounts and other investment products
Equity and blended assets	487		460		435		412
Fixed income, including money market	121		118		114		112
	608		578		549		524
Total assets under management	$	1,343	$	1,282	$	1,220	$	1,207

(a) Preliminary - subject to adjustment

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SOURCE T. Rowe Price Group, Inc.

T. ROWE PRICE CONTACTS: 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 August 2020