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

October 12, 2021

Press Release_September2021 AUM.pdf 155.4 KB

BALTIMORE, Oct. 12, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.61 trillion as of September 30, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.2 billion in September 2021, and $3.6 billion for the quarter-ended September 30, 2021. This brings total client transfers for the year-to-date period ended September 30, 2021, to $18.4 billion. These client transfers include $0.4 billion, $1.9 billion and $12.7 billion, respectively, transferred to the target-date retirement trusts during the September, quarter-to-date, and year-to-date periods.

The firm's assets under management as of September 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)	9/30/2021		8/31/2021		6/30/2021		12/31/2020
U.S. mutual funds
Equity	$	546	$	573	$	551	$	498
Fixed income, including money market	88		88		86		79
Multi-asset^(b)	227		234		229		217
	861		895		866		794
Subadvised and separate accounts and other investment products
Equity	428		449		435		397
Fixed income, including money market	93		94		92		89
Multi-asset^(b)	230		237		230		190
	751		780		757		676
Total assets under management	$	1,612	$	1,675	$	1,623	$	1,470
Target date retirement products	$	378	$	390	$	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)	9/30/2021		8/31/2021		6/30/2021		12/31/2020
U.S. mutual funds
Equity and blended assets	$	711	$	746	$	719	$	661
Fixed income, including money market	150		149		147		133
	861		895		866		794
Subadvised and separate accounts and other investment products
Equity and blended assets	608		636		615		546
Fixed income, including money market	143		144		142		130
	751		780		757		676
Total assets under management	$	1,612	$	1,675	$	1,623	$	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-september-2021-301397969.html

SOURCE T. Rowe Price Group, Inc.

T. ROWE PRICE CONTACTS: Public Relations, Brian Lewbart, 410-345-2242, brian.lewbart@troweprice.com OR 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 September 2021