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INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. | 12 Months Ended
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Dec. 31, 2019
Information about Receivables, Revenues, and Services [Abstract] |
INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES | INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. Revenues earned during the years ended December 31, 2019, 2018 and 2017 under agreements with clients include:
| 2019
| Administrative, distribution, and servicing fees
(in millions) | Investment advisory fees |  | Administrative fees |  | Distribution and servicing fees |  | Net revenues
U.S. mutual funds | $ | 3,452.5 |  |  | $ | 281.8 |  |  | $ | 120.0 |  |  | $ | 3,854.3 |
Subadvised and separate accounts and other investment products | 1,660.0 |  |  | — |  |  | — |  |  | 1,660.0 |
Other clients | — |  |  | 103.6 |  |  | — |  |  | 103.6 |
| $ | 5,112.5 |  |  | $ | 385.4 |  |  | $ | 120.0 |  |  | $ | 5,617.9 |
| 2018
| Administrative, distribution, and servicing fees
(in millions) | Investment advisory fees |  | Administrative fees |  | Distribution and servicing fees |  | Net revenues
U.S. mutual funds | $ | 3,375.0 |  |  | $ | 302.2 |  |  | $ | 138.0 |  |  | $ | 3,815.2 |
Subadvised and separate accounts and other investment products | 1,475.6 |  |  | — |  |  | — |  |  | 1,475.6 |
Other clients | — |  |  | 81.8 |  |  | — |  |  | 81.8 |
| $ | 4,850.6 |  |  | $ | 384.0 |  |  | $ | 138.0 |  |  | $ | 5,372.6 |
| 2017
| Administrative, distribution, and servicing fees
(in millions) | Investment Advisory Fees |  | Administrative Fees |  | Distribution and servicing fees |  | Net Revenues
U.S. mutual funds | $ | 3,080.0 |  |  | $ | 333.6 |  |  | $ | 147.0 |  |  | $ | 3,560.6 |
Subadvised and separate accounts and other investment products | 1,215.8 |  |  | — |  |  | — |  |  | 1,215.8 |
Other clients | — |  |  | 78.5 |  |  | — |  |  | 78.5 |
| $ | 4,295.8 |  |  | $ | 412.1 |  |  | $ | 147.0 |  |  | $ | 4,854.9 |
The following table details the investment advisory fees earned from clients by their underlying asset class.
(in millions) | 2019 |  | 2018 |  | 2017
U.S. mutual funds |  |  |  |  |
Equity and blended assets | $ | 2,952.2 |  |  | $ | 2,858.1 |  |  | $ | 2,571.7 |
Fixed income, including money market | 500.3 |  |  | 516.9 |  |  | 508.3 |
| 3,452.5 |  |  | 3,375.0 |  |  | 3,080.0 |
Subadvised and separate accounts and other investment products |  |  |  |  |
Equity and blended assets | 1,405.0 |  |  | 1,236.8 |  |  | 1,009.4 |
Fixed income, including money market | 255.0 |  |  | 238.8 |  |  | 206.4 |
| 1,660.0 |  |  | 1,475.6 |  |  | 1,215.8 |
Total | $ | 5,112.5 |  |  | $ | 4,850.6 |  |  | $ | 4,295.8 |
The following table summarizes the investment portfolios and assets under management on which we earn investment advisory fees.
(in billions) | Average during |  | As of December 31,
| 2019 |  | 2018 |  | 2017 |  | 2019 |  | 2018
U.S. mutual funds |  |  |  |  |  |  |  |  |
Equity and blended assets | $ | 513.6 |  |  | $ | 493.6 |  |  | $ | 447.5 |  |  | $ | 552.4 |  |  | $ | 441.1 |
Fixed income, including money market | 126.8 |  |  | 128.2 |  |  | 121.0 |  |  | 130.3 |  |  | 123.4 |
| 640.4 |  |  | 621.8 |  |  | 568.5 |  |  | 682.7 |  |  | 564.5 |
Subadvised and separate accounts and other investment products |  |  |  |  |  |  |  |  |
Equity and blended assets | 362.5 |  |  | 317.3 |  |  | 256.4 |  |  | 412.1 |  |  | 299.2 |
Fixed income, including money market | 106.4 |  |  | 97.4 |  |  | 84.1 |  |  | 112.0 |  |  | 98.6 |
| 468.9 |  |  | 414.7 |  |  | 340.5 |  |  | 524.1 |  |  | 397.8 |
Total | $ | 1,109.3 |  |  | $ | 1,036.5 |  |  | $ | 909.0 |  |  | $ | 1,206.8 |  |  | $ | 962.3 |
Investors that we serve are primarily domiciled in the U.S.; investment advisory clients outside the U.S. account for about 6.9% and 6.2% of our assets under management at December 31, 2019 and 2018, respectively. Total net revenues earned from T. Rowe Price investment products totaled $4,626.3 million in 2019, $4,453.6 million in 2018, and $4,038.8 million in 2017. Accounts receivable from these products aggregate to $424.8 million at December 31, 2019 and $354.8 million at December 31, 2018.

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