Franklin Resources, Inc. Announces Month-End Assets Under Management

Rhea-AI Summary

Franklin Resources, Inc. (Franklin Templeton) reported preliminary month-end assets under management (AUM) of $1,420.7 billion at April 30, 2023, compared to $1,422.1 billion at March 31, 2023.

Positive

• None.

Negative

• None.

SAN MATEO, Calif.--(BUSINESS WIRE)-- Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1,420.7 billion at April 30, 2023, compared to $1,422.1 billion at March 31, 2023. This month’s AUM reflected the positive impact of markets and flat long-term net inflows which include a low-fee $3.2 billion equity mandate, offset by cash management net outflows.

By Asset Class:
(In USD billions)		Preliminary
		30-Apr-23		31-Mar-23		31-Dec-22		30-Sep-22		30-Apr-22
Fixed Income		$510.4		$510.1		$494.8		$490.9		$562.8
Equity		441.6		437.1		419.1		392.3		468.1
Alternative		257.8		258.2		257.4		225.1		218.8
Multi-Asset		146.8		146.1		141.4		131.5		144.1
Long Term:		1,356.6		1,351.5		1,312.7		1,239.8		1,393.8
Cash Management		64.1		70.6		75.0		57.6		62.0
Total		$1,420.7		$1,422.1		$1,387.7		$1,297.4		$1,455.8

About Franklin Templeton

Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 155 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has over 75 years of investment experience. The company posts information that may be significant for investors in the Investor Relations and News Center sections of its website, and encourages investors to consult those sections regularly. For more information, please visit investors.franklinresources.com.

Forward-Looking Statements

The financial results in this press release are preliminary. Some of the statements herein may include forward-looking statements that reflect our current views with respect to future events, financial performance and market conditions. Such statements are provided under the “safe harbor” protection of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts and generally can be identified by words or phrases written in the future tense and/or preceded by words such as “anticipate, “believe,” “could,” “depends,” “estimate,” “expect,” “intend,” “likely,” “may,” “plan,” “potential,” “preliminary,” “seek,” “should,” “will,” “would,” or other - similar words or variations thereof, or the negative thereof, but these terms are not the exclusive means of identifying such statements.

Forward-looking statements involve a number of known and unknown risks, uncertainties and other important factors that may cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements, including pandemic-related risks, market and volatility risks, investment performance and reputational risks, global operational risks, competition and distribution risks, third-party risks, technology and security risks, human capital risks, cash management risks, and legal and regulatory risks. While forward-looking statements are our best prediction at the time that they are made, you should not rely on them and are cautioned against doing so. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other possible future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. They are neither statements of historical fact nor guarantees or assurances of future performance. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them.

These and other risks, uncertainties and other important factors are described in more detail in our recent filings with the U.S. Securities and Exchange Commission, including, without limitation, in Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the fiscal year ended September 30, 2022 and our subsequent Quarterly Reports on Form 10-Q. If a circumstance occurs after the date of this press release that causes any of our forward- looking statements to be inaccurate, whether as a result of new information, future developments or otherwise, we undertake no obligation to announce publicly the change to our expectations, or to make any revision to our forward-looking statements, to reflect any change in assumptions, beliefs or expectations, or any change in events, conditions or circumstances upon which any forward-looking statement is based, unless required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230509006202/en/

Franklin Resources, Inc.

Investor Relations: Selene Oh (650) 312-4091, selene.oh@franklintempleton.com

Media Relations: Matt Walsh (650) 312-2245, matthew.walsh@franklintempleton.com

investors.franklinresources.com

Source: Franklin Resources, Inc.

FAQ

What is the AUM of Franklin Templeton at April 30, 2023?

The AUM of Franklin Templeton at April 30, 2023, is $1,420.7 billion.

How does the AUM compare to March 31, 2023?

The AUM decreased from $1,422.1 billion at March 31, 2023.

What is the breakdown of AUM by asset class?

The breakdown of AUM by asset class is as follows: Fixed Income - $510.4 billion, Equity - $441.6 billion, Alternative - $257.8 billion, Multi-Asset - $146.8 billion.

What is the breakdown of AUM by long term and cash management?

The breakdown of AUM by long term and cash management is as follows: Long Term - $1,356.6 billion, Cash Management - $64.1 billion.

What were the net inflows and outflows for this month?

The AUM reflected flat long-term net inflows offset by cash management net outflows.

What is the impact of markets on AUM?

The AUM reflected the positive impact of markets.