T Rowe Price : Reports Preliminary Month-End Assets Under Management For June 2020

BALTIMORE, July 13, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.22 trillion as of June 30, 2020.  Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.1 billion in June 2020, and $4.4 billion for the quarter-ended June 30, 2020.  This brings total client transfers for the year-to-date period ended June 30, 2020, to $8.8 billion.

These client transfers include $1.0 billion, $1.7 billion, and $5.8 billion, respectively, transferred to the target-date retirement trusts during the June, quarter-to-date, and year-to-date periods.

In the assets under management presentation immediately below, the firm has separately broken out the assets under management for the firm's multi-asset portfolios, which will align to the disclosures included in the quarterly earnings release.  All prior periods presented have been reclassified to conform to the new presentation.  For reference, the table at the end of the release reflects the data with the underlying assets under management of the multi-asset portfolios included within the equity and fixed income lines.

The firm's assets under management as of June 30, 2020, 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)	6/30/2020				5/31/2020				3/31/2020				12/31/2019
U.S. mutual funds
Equity	$	407			$	394			$	328			$	407
Fixed income, including money market	76				74				73				74
Multi-asset(b)	188				185				161.2				202
	671				653				562				683
Subadvised and separate accounts and other investment products
Equity	312				303				241				292
Fixed income, including money market	77				75				73.6				74
Multi-asset(b)	160				155				132				158
	549				533				447				524
Total assets under management	$	1,220			$	1,186			$	1,009			$	1,207
Target date retirement products	$	284			$	277			$	292			$	292

^{(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

		As of
		Preliminary(a)
(in billions)		6/30/2020				5/31/2020				3/31/2020				12/31/2019
U.S. mutual funds
Equity and blended assets		$	544			$	529			$	444			$	552.5
Fixed income, including money market		127				124				118				130.3
		671				653				562				683
Subadvised and separate accounts and other investment products
Equity and blended assets		435				422				341				412
Fixed income, including money market		114				111				106				112
		549				533				447				524
Total assets under management		$	1,220			$	1,186			$	1,009			$	1,207

^{(a) Preliminary - subject to adjustment}

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SOURCE T. Rowe Price Group, Inc.