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

Key Terms

assets under management financial

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

AUM financial

Assets under management (AUM) is the total market value of investments that a financial firm or fund manages on behalf of clients. Investors watch AUM like the size of a shop: larger AUM can mean more fee revenue, greater market influence and perceived stability, while rapid changes in AUM signal growing popularity or redemptions that may affect future earnings and investment strategy.

long-term net inflows financial

Long-term net inflows measure the amount of money that investors add to long-duration investment vehicles (like pension funds, mutual funds, and long-term bonds or ETFs) minus the money they withdraw over a set period. It matters because steady positive net inflows act like a growing stream filling a reservoir—they signal rising investor confidence, can boost managers’ fees and scale, and provide a foundation for future asset growth and stability.

long-term net outflows financial

Long-term net outflows happen when investors withdraw more money from investments over several years than they put in. It’s like a piggy bank losing more coins than it gains over time, which can indicate people are losing confidence or shifting their money elsewhere. This matters because it can signal changes in how investors feel about the future of that investment or market.

cash management financial

Cash management is the process of organizing and controlling a company's or individual's money to ensure they have enough cash on hand for daily needs while making the most of their funds. It’s like managing your weekly allowance to pay bills, save for something special, and avoid running out of money unexpectedly. Good cash management helps prevent financial surprises and keeps everything running smoothly.

SAN MATEO, Calif.--(BUSINESS WIRE)-- Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1.68 trillion at December 31, 2025, compared to $1.67 trillion at November 30, 2025. This month’s increase in preliminary AUM reflected long-term net inflows of $28 billion, inclusive of reinvested distributions of $26 billion, the impact of net market, distributions and other, and $1 billion of long-term net outflows at Western Asset Management¹. Excluding Western Asset Management, preliminary long-term net inflows were $29 billion.

For the quarter ended December 31, 2025, preliminary AUM reflected the impact of long-term net inflows of $27 billion, inclusive of reinvested distributions of $29 billion, the impact of net market, distributions and other, and $7 billion of long-term net outflows at Western Asset Management¹. Excluding Western Asset Management, long-term net inflows were $34 billion. Preliminary average AUM for the quarter was $1.67 trillion.

By Asset Class:
(In USD billions)	Preliminary
	31-Dec-25		30-Nov-25		30-Sep-25		30-Jun-25		31-Dec-24
Equity	$696.7		$695.0		$686.2		$656.6		$620.0
Fixed Income	437.0		436.6		438.7		441.7		469.5
Alternative2	272.0		269.4		263.9		258.4		248.8
Multi-Asset	200.0		197.6		193.9		183.2		174.0
Long Term:	1,605.7		1,598.6		1,582.7		1,539.9		1,512.3
Cash Management	76.5		76.0		78.5		71.9		63.4
Total Ending AUM	$1,682.2		$1,674.6		$1,661.2		$1,611.8		$1,575.7

¹ As of December 31, 2025, Western Asset Management had preliminary AUM of $217 billion, compared to $217 billion at November 30, 2025. This month’s preliminary AUM reflected the positive impact of markets and cash management net inflows of $1 billion, partially offset by the aforementioned preliminary long-term net outflows of $1 billion. This quarter’s AUM reflected the impact of positive markets, partially offset by the aforementioned long-term net outflows of $7 billion, and cash management net outflows of $2 billion.

² Preliminary Alternative AUM at December 31, 2025, includes $1 billion of aggregate realizations and distributions for the month and $4 billion for the quarter. Beginning fiscal year 2026, non-fee generating uncalled capital commitments, which were previously included in net market change, distributions, and other are included in long-term inflows in the period the commitment is made.

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 150 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 equity, fixed income, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, 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 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, 2024 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.

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Franklin Resources, Inc.

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

Media Relations: Jeaneen Terrio (212) 632-4005, jeaneen.terrio@franklintempleton.com

investors.franklinresources.com

Source: Franklin Resources, Inc.