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T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For May 2019

BALTIMORE, June 12, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (TROW) today reported preliminary month-end assets under management of $1.07 trillion as of May 31, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.3 billion in May 2019 and $2.7 billion for the quarter-to-date period ended May 31, 2019.  This brings total client transfers for the year-to-date period ended May 31, 2019, to $8.8 billion.

The firm's assets under management as of May 31, 2019, 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)


5/31/2019


4/30/2019


3/31/2019


12/31/2018

U.S. mutual funds









 Equity and blended assets


$

494



$

522



$

507



$

441


 Fixed income, including money market


126



124



124



123




620



646



631



564


Subadvised and separate accounts and other investment products









 Equity and blended assets


344



364



348



299


 Fixed income, including money market


106



104



103



99




450



468



451



398


Total assets under management


$

1,070



$

1,114



$

1,082



$

962


Target date retirement products


$

256



$

265



$

258



$

230



(a) Preliminary - subject to adjustment

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.

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