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T. Rowe Price Group Reports Preliminary Month-End Assets Under Management for September 2020

·3 min read

BALTIMORE, Oct. 12, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.31 trillion as of September 30, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.5 billion in September 2020, and $2.4 billion for the quarter-ended September 30, 2020. This brings total client transfers for the year-to-date period ended September 30, 2020, to $11.2 billion. These client transfers include $0.1 billion, $1.6 billion and $7.7 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, 2020, 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)


9/30/2020


8/31/2020


6/30/2020


12/31/2019

U.S. mutual funds









Equity


$

442



$

456



$

407



$

407


Fixed income, including money market


78



77



76



74


Multi-asset(b)


196



202



188



202




716



735



671



683


Subadvised and separate accounts and other investment products









Equity


344



353



312



292


Fixed income, including money market


83



83



77



74


Multi-asset(b)


167



172



160



158




594



608



549



524


Total assets under management


$

1,310



$

1,343



$

1,220



$

1,207





Target date retirement products


$

297



$

3005



$

284



$

292




(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)


9/30/2020


8/31/2020


6/30/2020


12/31/2019

U.S. mutual funds









Equity and blended assets


$

587



$

606



$

544



$

553


Fixed income, including money market


129



129



127



130




716



735



671



683


Subadvised and separate accounts and other investment products









Equity and blended assets


473



487



435



412


Fixed income, including money market


121



121



114



112




594



608



549



524


Total assets under management


$

1,310



$

1,343



$

1,220



$

1,207




(a)

Preliminary - subject to adjustment

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View original content:http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-september-2020-301150176.html

SOURCE T. Rowe Price Group, Inc.