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INVESTOR RELATIONS

T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR NOVEMBER 2021

Dec 10, 2021 at 8:30 AM EST

BALTIMORE, Dec. 10, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.63 trillion as of November 30, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.1 billion in November 2021, and $4.2 billion for the quarter-to-date period ended November 30, 2021. This brings total client transfers for the year-to-date period ended November 30, 2021, to $22.6 billion. These client transfers include $0.7 billion, $2.9 billion, and $15.6 billion, respectively, transferred to the target-date retirement trusts during the November, quarter-to-date, and year-to-date periods.

The following table shows the firm's assets under management as of November 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.

 

   

As of

   

Preliminary(a)

           

(in billions)

 

11/30/2021

 

10/31/2021

 

9/30/2021

 

12/31/2020

U.S. mutual funds

               

 Equity

 

$

554

   

$

572

   

$

546

   

$

498

 

 Fixed income, including money market

 

88

   

87

   

88

   

79

 

 Multi-asset(b)

 

227

   

233

   

227

   

217

 
   

869

   

892

   

861

   

794

 

Subadvised and separate accounts and other investment products

               

 Equity

 

433

   

447

   

428

   

397

 

 Fixed income, including money market

 

85

   

86

   

93

   

89

 

 Multi-asset(b)

 

241

   

246

   

230

   

190

 
   

759

   

779

   

751

   

676

 

Total assets under management

 

$

1,628

   

$

1,671

   

$

1,612

   

$

1,470

 
 

Target date retirement products

 

$

384

   

$

393

   

$

378

   

$

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)

 

11/30/2021

 

10/31/2021

 

9/30/2021

 

12/31/2020

U.S. mutual funds

               

 Equity and blended assets

 

$

720

   

$

743

   

$

711

   

$

661

 

 Fixed income, including money market

 

149

   

149

   

150

   

133

 
   

869

   

892

   

861

   

794

 

Subadvised and separate accounts and other investment products

               

 Equity and blended assets

 

621

   

640

   

608

   

546

 

 Fixed income, including money market

 

138

   

139

   

143

   

130

 
   

759

   

779

   

751

   

676

 

Total assets under management

 

$

1,628

   

$

1,671

   

$

1,612

   

$

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-november-2021-301442158.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