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

January 13, 2021

2020_12_13_AUM_Final.pdf 136 KB

BALTIMORE, Jan. 13, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.47 trillion as of December 31, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.0 billion in December 2020, and $2.5 billion for the fourth quarter of 2020. This brings total client transfers for 2020 to $13.7 billion. These client transfers include $0.4 billion in December, $0.9 billion in the fourth quarter, and $8.6 billion in 2020, transferred to the target-date retirement trusts.

The firm's assets under management as of December 31, 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)	12/31/2020		11/30/2020		9/30/2020		12/31/2019
U.S. mutual funds
Equity	$	498	$	481	$	442	$	407
Fixed income, including money market	79		79		78		74
Multi-asset^(b)	217		211		196		202
	794		771		716		683
Subadvised and separate accounts and other investment products
Equity	397		380		344		292
Fixed income, including money market	89		88		83		74
Multi-asset^(b)	190		181		167		158
	676		649		594		524
Total assets under management	$	1,470	$	1,420	$	1,310	$	1,207

Target date retirement products	$	332	$	320	$	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)	12/31/2020		11/30/2020		9/30/2020		12/31/2019
U.S. mutual funds
Equity and blended assets	$	661	$	640	$	587	$	553
Fixed income, including money market	133		131		129		130
	794		771		716		683
Subadvised and separate accounts and other investment products
Equity and blended assets	546		523		473		412
Fixed income, including money market	130		126		121		112
	676		649		594		524
Total assets under management	$	1,470	$	1,420	$	1,310	$	1,207


(a)	Preliminary - subject to adjustment

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SOURCE T. Rowe Price Group, Inc.

Public Relations, Brian Lewbart, 410-345-2242, brian.lewbart@troweprice.com; or 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 December 2020