T. ROWE PRICE GROUP INC. 
BALTIMORE, Nov. 10, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.67 trillion as of October 31, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $3.1 billion in October 2021 and $21.5 billion for the year-to-date period ended October 31, 2021. These client transfers include $2.2 billion and $14.9 billion, respectively, transferred to the target-date retirement trusts during October and the year-to-date period.
The following table shows the firm's assets under management as of October 31, 2021, and for the prior quarter- and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios. The decline in fixed income assets under management within subadvised and separate accounts and other investment products was due to a single institutional client redemption.
As of | ||||||||||||
Preliminary(a) | ||||||||||||
(in billions) | 10/31/2021 | 9/30/2021 | 12/31/2020 | |||||||||
U.S. mutual funds | ||||||||||||
Equity | $ | 572 | $ | 546 | $ | 498 | ||||||
Fixed income, including money market | 87 | 88 | 79 | |||||||||
Multi-asset(b) | 233 | 227 | 217 | |||||||||
892 | 861 | 794 | ||||||||||
Subadvised and separate accounts and other investment products | ||||||||||||
Equity | 447 | 428 | 397 | |||||||||
Fixed income, including money market | 86 | 93 | 89 | |||||||||
Multi-asset(b) | 246 | 230 | 190 | |||||||||
779 | 751 | 676 | ||||||||||
Total assets under management | $ | 1,671 | $ | 1,612 | $ | 1,470 | ||||||
Target date retirement products | $ | 393 | $ | 378 | $ | 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) | 10/31/2021 | 9/30/2021 | 12/31/2020 | |||||||||
U.S. mutual funds | ||||||||||||
Equity and blended assets | $ | 743 | $ | 711 | $ | 661 | ||||||
Fixed income, including money market | 149 | 150 | 133 | |||||||||
892 | 861 | 794 | ||||||||||
Subadvised and separate accounts and other investment products | ||||||||||||
Equity and blended assets | 640 | 608 | 546 | |||||||||
Fixed income, including money market | 139 | 143 | 130 | |||||||||
779 | 751 | 676 | ||||||||||
Total assets under management | $ | 1,671 | $ | 1,612 | $ | 1,470 | ||||||
(a) Preliminary - subject to adjustment | ||||||||||||
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SOURCE T. Rowe Price Group, Inc.
