T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For November 2020

December 10, 2020

Press Release_Nov2020 AUM_final.pdf 156 KB

BALTIMORE, Dec. 10, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.42 trillion as of November 30, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.4 billion in November 2020, and $1.5 billion for the quarter-to-date period ended November 30, 2020. This brings total client transfers for the year-to-date period ended November 30, 2020, to $12.7 billion. These client transfers include $0.5 billion and $8.2 billion, respectively, transferred to the target-date retirement trusts during the quarter-to-date and year-to-date periods. There were no transfers from mutual funds to the target-date retirement trusts in the month of November.

The firm's assets under management as of November 30, 2020, 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)	11/30/2020		10/31/2020		9/30/2020		12/31/2019
U.S. mutual funds
Equity	$	481	$	436	$	442	$	407
Fixed income, including money market	79		78		78		74
Multi-asset^(b)	211		193		196		202
	771		707		716		683
Subadvised and separate accounts and other investment products
Equity	380		342		344		292
Fixed income, including money market	88		86		83		74
Multi-asset^(b)	181		165		167		158
	649		593		594		524
Total assets under management	$	1,420	$	1,300	$	1,310	$	1,207
Target date retirement products	$	320	$	293	$	297	$	292

(a)	Preliminary - subject to adjustment
(b)	The underlying assets under management of the multi-asset portfolios have 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)	11/30/2020		10/31/2020		9/30/2020		12/31/2019
U.S. mutual funds
Equity and blended assets	$	640	$	577	$	587	$	553
Fixed income, including money market	131		130		129		130
	771		707		716		683
Subadvised and separate accounts and other investment products
Equity and blended assets	523		469		473		412
Fixed income, including money market	126		124		121		112
	649		593		594		524
Total assets under management	$	1,420	$	1,300	$	1,310	$	1,207

(a)	Preliminary - subject to adjustment

View original content:http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-november-2020-301190381.html

SOURCE T. Rowe Price Group, Inc.

Public Relations: Brian Lewbart, 410-345-2242, brian.lewbart@troweprice.com, Investor Relations: Meghan Azevedo, 410-345-2756, meghan.azevedo@troweprice.com

Release Details

T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For November 2020