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

November 11, 2020

BALTIMORE, Nov. 11, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.30 trillion as of October 31, 2020.  Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.1 billion in October 2020, and $12.3 billion for the year-to-date period ended October 31, 2020.  These client transfers include $0.5 billion and $8.2 billion, respectively, transferred to the target-date retirement trusts during October and the year-to-date period.

The firm's assets under management as of October 31, 2020, and for the prior 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)

  

10/31/2020

  

9/30/2020

  

12/31/2019

U.S. mutual funds

            

  Equity

 

$

436

    

$

442

    

$

407

  

  Fixed income, including money market

  

78

    

78

    

74

  

  Multi-asset(b)

  

193

    

196

    

202

  
   

707

    

716

    

683

  

Subadvised and separate accounts and other investment
products

            

  Equity

  

342

    

344

    

292

  

  Fixed income, including money market

  

86

    

83

    

74

  

  Multi-asset(b)

  

165

    

167

    

158

  
   

593

    

594

    

524

  

Total assets under management

  

$

1,300

    

$

1,310

    

$

1,207

  

Target date retirement products

  

$

293

    

$

297

    

$

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)

  

10/31/2020

  

9/30/2020

  

12/31/2019

U.S. mutual funds

            

  Equity and blended assets

  

$

577

    

$

587

    

$

553

  

  Fixed income, including money market

  

130

    

129

    

130

  
   

707

    

716

    

683

  

Subadvised and separate accounts and other investment
products

            

  Equity and blended assets

  

469

    

473

    

412

  

  Fixed income, including money market

  

124

    

121

    

112

  
   

593

    

594

    

524

  

Total assets under management

  

$

1,300

    

$

1,310

    

$

1,207

  
 

(a) Preliminary - subject to adjustment

 

Cision View original content:http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-october-2020-301170925.html

SOURCE T. Rowe Price Group, Inc.

Public Relations, Brian Lewbart, 410-345-2242, brian.lewbart@troweprice.com; Investor Relations, Meghan Azevedo, 410-345-2756, meghan.azevedo@troweprice.com