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

NOVEMBER 2021

12/10 07:30 CST

T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR NOVEMBER 2021 BALTIMORE, Dec. 10, 2021

BALTIMORE, Dec. 10, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.63 trillion as of November 30, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.1 billion in November 2021, and $4.2 billion for the quarter-to-date period ended November 30, 2021. This brings total client transfers for the year-to-date period ended November 30, 2021, to $22.6 billion. These client transfers include $0.7 billion, $2.9 billion, and $15.6 billion, respectively, transferred to the target-date retirement trusts during the November, quarter-to-date, and year-to-date periods.

The following table shows the firm's assets under management as of November 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.

As of

Preliminary^(a)

(in billions) 11/30/2021 10/31/ 9/30/ 12/31/ 2021 2021 2020

U.S. mutual funds

Equity $554 $572 $546 $498

Fixed income, including money88 87 88 79 market

Multi-asset^(b) 227 233 227 217

869 892 861 794

Subadvised and separate accounts and other investment products

Equity 433 447 428 397

Fixed income, including money85 86 93 89 market

Multi-asset^(b) 241 246 230 190

759 779 751 676

Total assets under management $1,628 $1,671$1,612$1,470



Target date retirement $384 $393 $378 $332 products

^ 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) 11/30/2021 10/31/ 9/30/ 12/31/ 2021 2021 2020

U.S. mutual funds

Equity and blended assets $720 $743 $711 $661

Fixed income, including money 149 149 150 133 market

869 892 861 794

Subadvised and separate accounts and other investment products

Equity and blended assets 621 640 608 546

Fixed income, including money 138 139 143 130 market

759 779 751 676

Total assets under management $1,628 $1,671$1,612$1,470

(a) Preliminary - subject to adjustment

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SOURCE T. Rowe Price Group, Inc.