T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For February 2021

March 10, 2021

Press Release_Feb2021 AUM.pdf 149.8 KB

BALTIMORE, March 10, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.50 trillion as of February 28, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.1 billion in February 2021 and $3.9 billion for the quarter-to-date period ended February 28, 2021. These client transfers include $1.1 billion and $3.6 billion, respectively, transferred to the target-date retirement trusts during February and the year-to-date period.

The firm's assets under management as of February 28, 2021, and for the prior month - 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)	2/28/2021		1/31/2021		12/31/2020
U.S. mutual funds
Equity	$	508	$	495	$	498
Fixed income, including money market	82		81		79
Multi-asset^(b)	219		214		217
	809		790		794
Subadvised and separate accounts and other investment products
Equity	402		392		397
Fixed income, including money market	90		89		89
Multi-asset^(b)	200		193		190
	692		674		676
Total assets under management	$	1,501	$	1,464	$	1,470

Target date retirement products	$	344	$	333	$	332


^(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)	2/28/2021		1/31/2021		12/31/2020
U.S. mutual funds
Equity and blended assets	$	673	$	654	$	661
Fixed income, including money market	136		136		133
	809		790		794
Subadvised and separate accounts and other investment products
Equity and blended assets	560		542		546
Fixed income, including money market	132		132		130
	692		674		676
Total assets under management	$	1,501	$	1,464	$	1,470


^(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; Investor Relations: Linsley Carruth, 410-345-3717, linsley.carruth@troweprice.com

Release Details

T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For February 2021