PR Newswire | Oct 12, 2021 08:40AM EDT

September 2021

10/12 07:39 CDT

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

BALTIMORE, Oct. 12, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.61 trillion as of September 30, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.2 billion in September 2021, and $3.6 billion for the quarter-ended September 30, 2021. This brings total client transfers for the year-to-date period ended September 30, 2021, to $18.4 billion. These client transfers include $0.4 billion, $1.9 billion and $12.7 billion, respectively, transferred to the target-date retirement trusts during the September, quarter-to-date, and year-to-date periods.

The firm's assets under management as of September 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) 9/30/2021 8/31/20216/30/202112/31/2020

U.S. mutual funds

Equity $546 $ 573 $551 $498

Fixed income, including money market 88 88 86 79

Multi-asset^(b) 227 234 229 217

861 895 866 794

Subadvised and separate accounts and other investment products

Equity 428 449 435 397

Fixed income, including money market 93 94 92 89

Multi-asset^(b) 230 237 230 190

751 780 757 676

Total assets under management $1,612 $ 1,675$1,623 $1,470

Target date retirement products $378 390 379 332 $ $ $

^ Preliminary - subject to adjustment(a)

^ The underlying assets under management of the multi-asset portfolios have been(b) 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) 9/30/2021 8/31/20216/30/202112/31/2020

U.S. mutual funds

Equity and blended assets $711 $ 746 $719 $ 661

Fixed income, including money market150 149 147 133

861 895 866 794

Subadvised and separate accounts and other investment products

Equity and blended assets 608 636 615 546

Fixed income, including money market143 144 142 130

751 780 757 676

Total assets under management $1,612 $ 1,675$1,623 $ 1,470

^(a) Preliminary - subject to adjustment

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SOURCE T. Rowe Price Group, Inc.