BALTIMORE , May 12, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.59 trillion as of April 30, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $5.9 billion in April 2021 and $11.5 billion for the year-to-date period ended April 30, 2021. These client transfers include $5.2 billion and $10.1 billion , respectively, transferred to the target-date retirement trusts during April and the year-to-date period.
The firm's assets under management as of April 30, 2021, and for the prior quarter- and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:
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As of
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Preliminary (a)
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(in billions)
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4/30/2021
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3/31/2021
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12/31/2020
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U.S. mutual funds
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Equity
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$
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539
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$
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512
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$
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498
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Fixed income, including money market
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84
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82
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79
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Multi-asset (b)
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227
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222
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217
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850
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816
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794
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Subadvised and separate accounts and other investment products
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|
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Equity
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428
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406
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397
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Fixed income, including money market
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91
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90
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89
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Multi-asset (b)
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224
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206
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190
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743
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|
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702
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676
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Total assets under management
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$
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1,593
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$
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1,518
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|
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$
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1,470
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Target date retirement products
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$
|
372
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$
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352
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$
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332
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(a)
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Preliminary - subject to adjustment
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(b)
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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.
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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
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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.
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As of
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Preliminary (a)
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(in billions)
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4/30/2021
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3/31/2021
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12/31/2020
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U.S. mutual funds
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Equity and blended assets
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$
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708
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$
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677
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$
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661
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Fixed income, including money market
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142
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|
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139
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|
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133
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|
|
|
850
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|
|
816
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|
|
794
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Subadvised and separate accounts and other investment products
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|
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Equity and blended assets
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604
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568
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|
|
546
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Fixed income, including money market
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139
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|
|
134
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130
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743
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|
|
702
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|
|
676
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Total assets under management
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$
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1,593
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$
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1,518
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$
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1,470
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(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-april-2021-301289754.html
SOURCE T. Rowe Price Group, Inc.