PR Newswire | Jun 10, 2021 08:31AM EDT

May 2021

06/10 07:30 CDT

T. Rowe Price Group Reports Preliminary Month-end Assets Under Management For May 2021 BALTIMORE, June 10, 2021

BALTIMORE, June 10, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.59 trillion as of May 31, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.5 billion in May 2021 and $6.4 billion for the quarter-to-date period ended May 31, 2021. This brings total client transfers for the year-to-date period ended May 31, 2021, to $12.0 billion. These client transfers include $0.1 billion, $5.3 billion, and $10.2 billion, respectively, transferred to the target-date retirement trusts during the May, quarter-to-date, and year-to-date periods.

The firm's assets under management as of May 31, 2021, 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) 5/31/2021 4/30/ 3/31/ 12/31/ 2021 2021 2020

U.S. mutual funds

Equity $535 $539 $512 $498

Fixed income, including money86 84 82 79 market

Multi-asset^(b) 229 227 222 217

850 850 816 794

Subadvised and separate accounts and other investment products

Equity 425 428 406 397

Fixed income, including money92 91 90 89 market

Multi-asset^(b) 226 224 206 190

743 743 702 676

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

Target date retirement $376 $372 $352 $332 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) 5/31/2021 4/30/ 3/31/ 12/31/ 2021 2021 2020

U.S. mutual funds

Equity and blended assets $705 $708 $677 $661

Fixed income, including money145 142 139 133 market

850 850 816 794

Subadvised and separate accounts and other investment products

Equity and blended assets 602 604 568 546

Fixed income, including money141 139 134 130 market

743 743 702 676

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

(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-may-2021-301310038.html

SOURCE T. Rowe Price Group, Inc.