PR Newswire | Dec 10, 2020 08:31AM EST

November 2020

12/10 07:30 CST

T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For November 2020 BALTIMORE, Dec. 10, 2020

BALTIMORE, Dec. 10, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.42 trillion as of November 30, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.4 billion in November 2020, and $1.5 billion for the quarter-to-date period ended November 30, 2020. This brings total client transfers for the year-to-date period ended November 30, 2020, to $12.7 billion. These client transfers include $0.5 billion and $8.2 billion, respectively, transferred to the target-date retirement trusts during the quarter-to-date and year-to-date periods. There were no transfers from mutual funds to the target-date retirement trusts in the month of November.

The firm's assets under management as of November 30, 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) 11/30/2020 10/31/20209/30/202012/31/2019

U.S. mutual funds

Equity $ 481 $436 $ 442 $407

Fixed income, including 79 78 78 74 money market

Multi-asset^(b) 211 193 196 202

771 707 716 683

Subadvised and separate accounts and other investment products

Equity 380 342 344 292

Fixed income, including 88 86 83 74 money market

Multi-asset^(b) 181 165 167 158

649 593 594 524

Total assets under $ 1,420 $1,300 $ 1,310$1,207 management

Target date retirement $ 320 $293 $ 297 $292 products

(a) Preliminary - subject to adjustment

The underlying assets under management of the multi-asset portfolios have(b) 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) 11/30/2020 10/31/20209/30/202012/31/2019

U.S. mutual funds

Equity and blended $ 640 $577 $ 587 $553 assets

Fixed income, including 131 130 129 130 money market

771 707 716 683

Subadvised and separate accounts and other investment products

Equity and blended 523 469 473 412 assets

Fixed income, including 126 124 121 112 money market

649 593 594 524

Total assets under $ 1,420 $1,300 $ 1,310$1,207 management

(a) Preliminary - subject to adjustment

View original content: http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-november-2020-301190381.html

SOURCE T. Rowe Price Group, Inc.