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

BALTIMORE, Aug. 11, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.64 trillion as of July 31, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.3 billion in July 2021 and $15.1 billion for the year-to-date period ended July 31, 2021. These client transfers include $0.2 billion and $11.0 billion, respectively, transferred to the target-date retirement trusts during July and the year-to-date period.

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

(a) Preliminary - subject to adjustment

 

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SOURCE T. Rowe Price Group, Inc.

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