PR Newswire | Sep 13, 2021 08:31AM EDT

August 2021

09/13 07:30 CDT

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

BALTIMORE, Sept. 13, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.68 trillion as of August 31, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.1 billion in August 2021 and $2.4 billion for the quarter-to-date period ended August 31, 2021. This brings total client transfers for the year-to-date period ended August 31, 2021, to $17.2 billion. These client transfers include $1.3 billion, $1.5 billion, and $12.3 billion, respectively, transferred to the target-date retirement trusts during the August, quarter-to-date, and year-to-date periods.

The firm's assets under management as of August 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) 8/31/2021 7/31/20216/30/202112/31/2020

U.S. mutual funds

Equity $573 $557 $551 $498

Fixed income, including money market 88 86 86 79

Multi-asset^(b) 234 231 229 217

895 874 866 794

Subadvised and separate accounts and other investment products

Equity 449 438 435 397

Fixed income, including money market 94 93 92 89

Multi-asset^(b) 237 231 230 190

780 762 757 676

Total assets under management $1,675 $1,636 $1,623 $1,470

Target date retirement products $390 $381 $379 $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 fixed income lines.

As of

Preliminary^(a)

(in billions) 8/31/2021 7/31/20216/30/202112/31/2020

U.S. mutual funds

Equity and blended assets $746 $726 $719 $661

Fixed income, including money market 149 148 147 133

895 874 866 794

Subadvised and separate accounts and other investment products

Equity and blended assets 636 618 615 546

Fixed income, including money market 144 144 142 130

780 762 757 676

Total assets under management $1,675 $1,636 $1,623 $1,470

(a) Preliminary - subject to adjustment

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SOURCE T. Rowe Price Group, Inc.