INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES.

6 Months Ended

Jun. 30, 2019

Information about Receivables, Revenues, and Services [Abstract]

INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES

INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES.

Revenues earned during the three- and six-month periods ended June 30, 2019 and 2018 under agreements with clients include:



	Three months ended 6/30/2019								Three months ended 6/30/2018
			Administrative, distribution, and servicing fees								Administrative, distribution, and servicing fees
(in millions)	Investment advisory fees		Administrative fees		Distribution and servicing fees		Net revenues		Investment advisory fees		Administrative fees		Distribution and servicing fees		Net revenues
U.S. mutual funds	$	860.7	$	69.7	$	30.1	$	960.5	$	846.9	$	74.4	$	35.5	$	956.8
Subadvised and separate accounts and other investment products	409.5		—		—		409.5		367.5		—		—		367.5
Other clients	—		25.2		—		25.2		—		20.7		—		20.7
	$	1,270.2	$	94.9	$	30.1	$	1,395.2	$	1,214.4	$	95.1	$	35.5	$	1,345.0

	Six months ended 6/30/2019								Six months ended 6/30/2018
			Administrative, distribution, and servicing fees								Administrative, distribution, and servicing fees
(in millions)	Investment advisory fees		Administrative fees		Distribution and servicing fees		Net revenues		Investment advisory fees		Administrative fees		Distribution and servicing fees		Net revenues
U.S. mutual funds	$	1,676.6	$	146.3	$	60.3	$	1,883.2	$	1,679.8	$	156.2	$	72.1	$	1,908.1
Subadvised and separate accounts and other investment products	787.8		—		—		787.8		723.8		—		—		723.8
Other clients	—		51.5		—		51.5		—		41.1		—		41.1
	$	2,464.4	$	197.8	$	60.3	$	2,722.5	$	2,403.6	$	197.3	$	72.1	$	2,673.0

Total net revenues earned from our related parties, specifically T. Rowe Price investment products, aggregate $1,147.6 and $1,114.8 million for the three months ended June 30, 2019 and 2018, respectively. Total net revenues earned during the six months ended June 30, 2019 and 2018 aggregate $2,241.0 million and $2,215.4 million, respectively. Accounts receivable from these products aggregate to $400.9 million at June 30, 2019, and $354.8 million at December 31, 2018.

The following table details the investment advisory fees earned from clients by their underlying asset class.



	Three months ended				Six months ended
(in millions)	6/30/2019		6/30/2018		6/30/2019		6/30/2018
U.S. mutual funds
Equity and blended assets	$	736.8	$	718.0	$	1,431.3	$	1,423.5
Fixed income, including money market	123.9		128.9		245.3		256.3
	860.7		846.9		1,676.6		1,679.8
Subadvised and separate accounts and other investment products
Equity and blended assets	346.1		308.0		664.9		605.0
Fixed income, including money market	63.4		59.5		122.9		118.8
	409.5		367.5		787.8		723.8
Total	$	1,270.2	$	1,214.4	$	2,464.4	$	2,403.6

The following table summarizes the assets under management on which we earn investment advisory fees.



	Average during				Average during
	Three months ended				Six months ended				As of
(in billions)	6/30/2019		6/30/2018		6/30/2019		6/30/2018		6/30/2019		12/31/2018
U.S. mutual funds
Equity and blended assets	$	513.1	$	496.1	$	500.4	$	495.4	$	521.5	$	441.1
Fixed income, including money market	125.4		128.5		124.0		127.9		126.8		123.4
	638.5		624.6		624.4		623.3		648.3		564.5
Subadvised and separate accounts and other investment products
Equity and blended assets	356.3		314.9		344.6		311.6		368.8		299.2
Fixed income, including money market	105.0		97.0		102.8		96.1		107.9		98.6
	461.3		411.9		447.4		407.7		476.7		397.8
Total	$	1,099.8	$	1,036.5	$	1,071.8	$	1,031.0	$	1,125.0	$	962.3

Investors that we serve are primarily domiciled in the U.S.; investment advisory clients outside the U.S. account for 6.4% and 6.2% of our assets under management at June 30, 2019, and December 31, 2018, respectively.