PR Newswire | Feb 10, 2021 08:31AM EST

January 2021

02/10 07:30 CST

T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For January 2021 BALTIMORE, Feb. 10, 2021

BALTIMORE, Feb. 10, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.46 trillion as of January 31, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.8 billion in January 2021. These client transfers include $2.5 billion transferred to the target-date retirement trusts during January.

The firm's assets under management as of January 31, 2021, and for the prior 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) 1/31/2021 12/31/ 2020

U.S. mutual funds

Equity $495 $498

Fixed income, including money market 81 79

Multi-asset^(b) 214 217

790 794



Subadvised and separate accounts and other investment products

Equity 392 397

Fixed income, including money market 89 89

Multi-asset^(b) 193 190

674 676

Total assets under management $1,464 $1,470



Target date retirement products $333 $332

^(a) Preliminary - subject to adjustment

^(b) The underlying assets under management of the multi-asset portfolios havebeen aggregated and presented as a separate line and not reported in the equityand 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) 1/31/2021 12/31/ 2020

U.S. mutual funds

Equity and blended assets $654 $661

Fixed income, including money market 136 133

790 794



Subadvised and separate accounts and other investment products

Equity and blended assets 542 546

Fixed income, including money market 132 130

674 676

Total assets under management $1,464 $1,470

^(a) Preliminary - subject to adjustment

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SOURCE T. Rowe Price Group, Inc.