T. Rowe Price Reports Preliminary Month-End Assets Under Management for March 2021


T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.52 trillion as of March 31, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.7 billion in March 2021 and $5.6 billion for the quarter-ended March 31, 2021. These client transfers include $1.3 billion and

$4.9 billion, respectively, transferred to the target-date retirement trusts during March and the quarter-to- date period.

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

As of
(in billions) 3/31/2021 2/28/2021 12/31/2020
U.S. mutual funds            
Equity $ 512 $ 508 $ 498
Fixed income, including money market   82   82   79
Multi-asset(b)               222                219               217
                816                809               794
Subadvised and separate accounts and other investment products
Equity   406   402   397
Fixed income, including money market   90   90   89
Multi-asset(b)               206                200               190
                702                692               676
Total assets under management $ 1,518 $ 1,501 $ 1,470

Target date retirement products $ 352 $ 344 $ 332
  • Preliminary - subject to adjustment
  • 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

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.

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