PR Newswire | Nov 10, 2021 08:31AM EST

October 2021

11/10 07:30 CST

T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For October 2021 BALTIMORE, Nov. 10, 2021

BALTIMORE, Nov. 10, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.67 trillion as of October 31, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $3.1 billion in October 2021 and $21.5 billion for the year-to-date period ended October 31, 2021. These client transfers include $2.2 billion and $14.9 billion, respectively, transferred to the target-date retirement trusts during October and the year-to-date period.

The following table shows the firm's assets under management as of October 31, 2021, and for the prior quarter- and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios. The decline in fixed income assets under management within subadvised and separate accounts and other investment products was due to a single institutional client redemption.

As of

Preliminary ^(a)

(in billions) 10/31/2021 9/30/ 12/31/ 2021 2020

U.S. mutual funds

Equity $ 572 $546 $498

Fixed income, including money market 87 88 79

Multi-asset^(b) 233 227 217

892 861 794

Subadvised and separate accounts and other investment products

Equity 447 428 397

Fixed income, including money market 86 93 89

Multi-asset^(b) 246 230 190

779 751 676

Total assets under management $ 1,671 $1,612$1,470



Target date retirement products $ 393 $378 $332



(a) Preliminary - subject to adjustment

(b) The underlying assets under management of the multi-asset portfolios havebeen 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) 10/31/2021 9/30/ 12/31/ 2021 2020

U.S. mutual funds

Equity and blended assets $743 $711 $661

Fixed income, including money market 149 150 133

892 861 794

Subadvised and separate accounts and other investment products

Equity and blended assets 640 608 546

Fixed income, including money market 139 143 130

779 751 676

Total assets under management $1,671 $1,612$1,470



(a) Preliminary - subject to adjustment

View original content: https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-october-2021-301420997.html

SOURCE T. Rowe Price Group, Inc.