T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.46 trillion as of January 31,2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts,were $2.8 billion in January 2021. These client transfers include $2.5 billion transferred to the target-date retirement trusts during January.

The firm's assets under management as of January 31,2021,and for the prior year-end, by investment vehicle, asset class, and in the firm’s target date retirement portfolios are as follows:

• (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, sub advisory 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 with in the equity and fixed income lines.

Preliminary - subject to adjustment