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 $10.2 billion , respectively, transferred to the target-date retirement trusts during the May, quarter-to-date, and year-to-date periods.
The firm's assets under management as of May 31, 2021, and for the prior month-, quarter-, and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:
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As of
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Preliminary (a)
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|
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|
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(in billions)
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5/31/2021
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4/30/2021
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3/31/2021
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12/31/2020
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U.S. mutual funds
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|
|
|
|
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|
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Equity
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$
|
535
|
|
|
$
|
539
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|
|
$
|
512
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|
|
$
|
498
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|
|
Fixed income, including money market
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|
86
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|
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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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|
229
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|
|
227
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|
|
222
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|
|
217
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|
|
|
850
|
|
|
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
|
|
425
|
|
|
428
|
|
|
406
|
|
|
397
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|
|
Fixed income, including money market
|
|
92
|
|
|
91
|
|
|
90
|
|
|
89
|
|
|
Multi-asset (b)
|
|
226
|
|
|
224
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|
|
206
|
|
|
190
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|
|
|
743
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|
|
743
|
|
|
702
|
|
|
676
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|
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Total assets under management
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|
$
|
1,593
|
|
|
$
|
1,593
|
|
|
$
|
1,518
|
|
|
$
|
1,470
|
|
|
Target date retirement products
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$
|
376
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|
|
$
|
372
|
|
|
$
|
352
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|
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$
|
332
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|
|
|
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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
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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|
|
|
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(in billions)
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5/31/2021
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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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|
$
|
705
|
|
|
$
|
708
|
|
|
$
|
677
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|
|
$
|
661
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|
|
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)
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Preliminary - subject to adjustment
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SOURCE T. Rowe Price Group, Inc.