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 |
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SOURCE T. Rowe Price Group, Inc.