T. Rowe Price Group Reports Preliminary Month-end Assets Under Management for November 2021

December 10, 2021

Press Release_November2021 AUMv2.pdf 155.6 KB

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}

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

Release Details

T. Rowe Price Group Reports Preliminary Month-end Assets Under Management for November 2021