PR Newswire | Jul 13, 2021 08:34AM EDT

June 2021

07/13 07:30 CDT

T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For June 2021 BALTIMORE, July 13, 2021

BALTIMORE, July 13, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.62 trillion as of June 30, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.8 billion in June 2021, and $9.2 billion for the quarter-ended June 30, 2021. This brings total client transfers for the year-to-date period ended June 30, 2021, to $14.8 billion. These client transfers include $0.6 billion, $5.9 billion and $10.8 billion, respectively, transferred to the target-date retirement trusts during the June, second quarter, and year-to-date periods.

The firm's assets under management as of June 30, 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) 6/30/2021 5/31/20213/31/202112/31/2020

U.S. mutual funds

Equity $551 $ 535 $512 $498

Fixed income, including money market 86 86 82 79

Multi-asset^(b) 229 229 222 217

866 850 816 794

Subadvised and separate accounts and other investment products

Equity 435 425 406 397

Fixed income, including money market 92 92 90 89

Multi-asset^(b) 230 226 206 190

757 743 702 676

Total assets under management $1,623 $ 1,593$1,518 $1,470



Target date retirement products $379 $ 376 $352 $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) 6/30/2021 5/31/20213/31/202112/31/2020

U.S. mutual funds

Equity and blended assets $719 $ 705 $677 $661

Fixed income, including money market 147 145 139 133

866 850 816 794

Subadvised and separate accounts and other investment products

Equity and blended assets 615 602 568 546

Fixed income, including money market 142 141 134 130

757 743 702 676

Total assets under management $1,623 $ 1,593$1,518 $1,470



^(a) Preliminary - subject to adjustment

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SOURCE T. Rowe Price Group, Inc.