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

May 12, 2021

BALTIMORE, May 12, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.59 trillion as of April 30, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $5.9 billion in April 2021 and $11.5 billion for the year-to-date period ended April 30, 2021.  These client transfers include $5.2 billion and $10.1 billion, respectively, transferred to the target-date retirement trusts during April and the year-to-date period.

The firm's assets under management as of April 30, 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)

  

4/30/2021

  

3/31/2021

  

12/31/2020

U.S. mutual funds

            

 Equity

 

$

539

    

$

512

    

$

498

  

 Fixed income, including money market

  

84

    

82

    

79

  

 Multi-asset(b)

  

227

    

222

    

217

  
   

850

    

816

    

794

  

Subadvised and separate accounts and other investment products

            

 Equity

  

428

    

406

    

397

  

 Fixed income, including money market

  

91

    

90

    

89

  

 Multi-asset(b)

  

224

    

206

    

190

  
   

743

    

702

    

676

  

Total assets under management

  

$

1,593

    

$

1,518

    

$

1,470

  

Target date retirement products

  

$

372

    

$

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)

  

4/30/2021

  

3/31/2021

  

12/31/2020

U.S. mutual funds

            

 Equity and blended assets

  

$

708

    

$

677

    

$

661

  

 Fixed income, including money market

  

142

    

139

    

133

  
   

850

    

816

    

794

  

Subadvised and separate accounts and other investment products

            

 Equity and blended assets

  

604

    

568

    

546

  

 Fixed income, including money market

  

139

    

134

    

130

  
   

743

    

702

    

676

  

Total assets under management

  

$

1,593

    

$

1,518

    

$

1,470

  
 

(a) Preliminary - subject to adjustment

 

Cision View original content:http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-april-2021-301289754.html

SOURCE T. Rowe Price Group, Inc.

T. Rowe Price: Public Relations, Brian Lewbart, 410-345-2242, brian.lewbart@troweprice.com; Investor Relations, Linsley Carruth, 410-345-3717, linsley.carruth@troweprice.com