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T. Rowe Price Group Reports Preliminary Month-end Assets Under Management For May 2021

·3 min read

BALTIMORE, June 10, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.59 trillion as of May 31, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.5 billion in May 2021 and $6.4 billion for the quarter-to-date period ended May 31, 2021. This brings total client transfers for the year-to-date period ended May 31, 2021, to $12.0 billion. These client transfers include $0.1 billion, $5.3 billion, and $10.2 billion, respectively, transferred to the target-date retirement trusts during the May, quarter-to-date, and year-to-date periods.

The firm's assets under management as of May 31, 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)


5/31/2021


4/30/2021


3/31/2021


12/31/2020

U.S. mutual funds









Equity


$

535



$

539



$

512



$

498


Fixed income, including money market


86



84



82



79


Multi-asset(b)


229



227



222



217




850



850



816



794


Subadvised and separate accounts and other investment products









Equity


425



428



406



397


Fixed income, including money market


92



91



90



89


Multi-asset(b)


226



224



206



190




743



743



702



676


Total assets under management


$

1,593



$

1,593



$

1,518



$

1,470


Target date retirement products


$

376



$

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)


5/31/2021


4/30/2021


3/31/2021


12/31/2020

U.S. mutual funds









Equity and blended assets


$

705



$

708



$

677



$

661


Fixed income, including money market


145



142



139



133




850



850



816



794


Subadvised and separate accounts and other investment products









Equity and blended assets


602



604



568



546


Fixed income, including money market


141



139



134



130




743



743



702



676


Total assets under management


$

1,593



$

1,593



$

1,518



$

1,470




(a)

Preliminary - subject to adjustment

Cision
Cision

View original content:http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-may-2021-301310038.html

SOURCE T. Rowe Price Group, Inc.