PR Newswire | May 12, 2021 08:31AM EDT

April 2021

05/12 07:30 CDT

T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For April 2021 BALTIMORE, May 12, 2021

BALTIMORE, May 12, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.59 trillion as of April 30, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $5.9 billion in April 2021 and $11.5 billion for the year-to-date period ended April 30, 2021. These client transfers include $5.2 billion and $10.1 billion, respectively, transferred to the target-date retirement trusts during April and the year-to-date period.

The firm's assets under management as of April 30, 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) 4/30/2021 3/31/ 12/31/ 2021 2020

U.S. mutual funds

Equity $539 $512 $498

Fixed income, including money market 84 82 79

Multi-asset^(b) 227 222 217

850 816 794

Subadvised and separate accounts and other investment products

Equity 428 406 397

Fixed income, including money market 91 90 89

Multi-asset^(b) 224 206 190

743 702 676

Total assets under management $1,593 $1,518$1,470

Target date retirement products $372 $352 $332

(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 fixedincome lines.



As of

Preliminary ^(a)

(in billions) 4/30/2021 3/31/ 12/31/ 2021 2020

U.S. mutual funds

Equity and blended assets $ 708 $677 $661

Fixed income, including money market 142 139 133

850 816 794

Subadvised and separate accounts and other investment products

Equity and blended assets 604 568 546

Fixed income, including money market 139 134 130

743 702 676

Total assets under management $ 1,593 $1,518$1,470



(a) Preliminary - subject to adjustment

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SOURCE T. Rowe Price Group, Inc.