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

February 2021

03/10 07:30 CST

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

BALTIMORE, March 10, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.50 trillion as of February 28, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.1 billion in February 2021 and $3.9 billion for the quarter-to-date period ended February 28, 2021. These client transfers include $1.1 billion and $3.6 billion, respectively, transferred to the target-date retirement trusts during February and the year-to-date period.

The firm's assets under management as of February 28, 2021, and for the prior month - 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) 2/28/2021 1/31/ 12/31/ 2021 2020

U.S. mutual funds

Equity $508 $495 $498

Fixed income, including money market 82 81 79

Multi-asset^(b) 219 214 217

809 790 794

Subadvised and separate accounts and other investment products

Equity 402 392 397

Fixed income, including money market 90 89 89

Multi-asset^(b) 200 193 190

692 674 676

Total assets under management $1,501 $1,464$1,470



Target date retirement products $344 $333 $332

^ Preliminary - subject to adjustment(a)

^ 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) 2/28/2021 1/31/ 12/31/ 2021 2020

U.S. mutual funds

Equity and blended assets $673 $654 $661

Fixed income, including money market 136 136 133

809 790 794

Subadvised and separate accounts and other investment products

Equity and blended assets 560 542 546

Fixed income, including money market 132 132 130

692 674 676

Total assets under management $1,501 $1,464$1,470

^(a) Preliminary - subject to adjustment

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SOURCE T. Rowe Price Group, Inc.