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

July 13, 2021

Press Release_June2021 AUM.pdf 155.4 KB

BALTIMORE, July 13, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.62 trillion as of June 30, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.8 billion in June 2021, and $9.2 billion for the quarter-ended June 30, 2021. This brings total client transfers for the year-to-date period ended June 30, 2021, to $14.8 billion. These client transfers include $0.6 billion, $5.9 billion and $10.8 billion, respectively, transferred to the target-date retirement trusts during the June, second quarter, and year-to-date periods.

The firm's assets under management as of June 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 are as follows:

	As of
	Preliminary^(a)
(in billions)	6/30/2021		5/31/2021		3/31/2021		12/31/2020
U.S. mutual funds
Equity	$	551	$	535	$	512	$	498
Fixed income, including money market	86		86		82		79
Multi-asset^(b)	229		229		222		217
	866		850		816		794
Subadvised and separate accounts and other investment products
Equity	435		425		406		397
Fixed income, including money market	92		92		90		89
Multi-asset^(b)	230		226		206		190
	757		743		702		676
Total assets under management	$	1,623	$	1,593	$	1,518	$	1,470

Target date retirement products	$	379	$	376	$	352	$	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)	6/30/2021		5/31/2021		3/31/2021		12/31/2020
U.S. mutual funds
Equity and blended assets	$	719	$	705	$	677	$	661
Fixed income, including money market	147		145		139		133
	866		850		816		794
Subadvised and separate accounts and other investment products
Equity and blended assets	615		602		568		546
Fixed income, including money market	142		141		134		130
	757		743		702		676
Total assets under management	$	1,623	$	1,593	$	1,518	$	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-june-2021-301332541.html

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 June 2021