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

August 11, 2021

BALTIMORE, Aug. 11, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.64 trillion as of July 31, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.3 billion in July 2021 and $15.1 billion for the year-to-date period ended July 31, 2021. These client transfers include $0.2 billion and $11.0 billion, respectively, transferred to the target-date retirement trusts during July and the year-to-date period.

The firm's assets under management as of July 31, 2021, and for the prior 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)

  

7/31/2021

  

6/30/2021

  

12/31/2020

U.S. mutual funds

            

 Equity

 

$

557

    

$

551

    

$

498

  

 Fixed income, including money market

  

86

    

86

    

79

  

 Multi-asset(b)

  

231

    

229

    

217

  
   

874

    

866

    

794

  

Subadvised and separate accounts and other investment products

            

 Equity

  

438

    

435

    

397

  

 Fixed income, including money market

  

93

    

92

    

89

  

 Multi-asset(b)

  

231

    

230

    

190

  
   

762

    

757

    

676

  

Total assets under management

  

$

1,636

    

$

1,623

    

$

1,470

  

Target date retirement products

  

$

381

    

$

379

    

$

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)

  

7/31/2021

  

6/30/2021

  

12/31/2020

U.S. mutual funds

            

 Equity and blended assets

  

$

726

    

$

719

    

$

661

  

 Fixed income, including money market

  

148

    

147

    

133

  
   

874

    

866

    

794

  

Subadvised and separate accounts and other investment products

            

 Equity and blended assets

  

618

    

615

    

546

  

 Fixed income, including money market

  

144

    

142

    

130

  
   

762

    

757

    

676

  

Total assets under management

  

$

1,636

    

$

1,623

    

$

1,470

  
 

(a) Preliminary - subject to adjustment

 

Cision View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-july-2021-301353219.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