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

Rhea-AI Summary

Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,521.8 billion as of January 31, 2022, a decrease from $1,578.1 billion on December 31, 2021. This decline was primarily attributed to adverse market conditions, with long-term net flows remaining stable. By asset class, fixed income AUM was $626.0 billion, equity AUM was $526.3 billion, and alternatives were $154.9 billion. Overall, AUM fell due to market fluctuations, highlighting ongoing market risk concerns.

Positive

• Total assets under management (AUM) remain substantial at $1,521.8 billion.
• Long-term net flows were approximately flat, indicating stability despite market conditions.

Negative

• AUM decreased from $1,578.1 billion to $1,521.8 billion, reflecting negative market impacts.
• Fixed income AUM declined from $642.1 billion to $626.0 billion.
• Equity AUM dropped from $563.4 billion to $526.3 billion.

SAN MATEO, Calif.--(BUSINESS WIRE)-- Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1,521.8 billion at January 31, 2022, compared to $1,578.1 billion at December 31, 2021. This month’s decrease in AUM primarily reflected the negative impact of markets. Long-term net flows were approximately flat.

By Asset Class:

(In USD billions)		Preliminary
		31-Jan-22		31-Dec-21		30-Sep-21		30-Jun-21		31-Jan-21
Fixed Income1		$626.0		$642.1		$650.3		$658.1		$665.4
Equity		526.3		563.4		523.6		536.9		490.2
Alternative		154.9		154.3		145.2		140.8		128.9
Multi-Asset		151.5		154.0		152.4		153.0		139.7
Long Term:		1,458.7		1,513.8		1,471.5		1,488.8		1,424.2
Cash Management		63.1		64.3		58.6		63.3		70.2
Total		$1,521.8		$1,578.1		$1,530.1		$1,552.1		$1,494.4

1The remaining AUM in our closed India credit funds was $172 million as of January 31, 2022.

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 165 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 brings 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 70 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, 2021 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/20220209006178/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 was Franklin Resources' assets under management on January 31, 2022?

Franklin Resources reported preliminary assets under management of $1,521.8 billion on January 31, 2022.

How did Franklin Resources' AUM change from December 31, 2021, to January 31, 2022?

Franklin Resources' AUM decreased from $1,578.1 billion on December 31, 2021, to $1,521.8 billion on January 31, 2022.

What were the key reasons for the decrease in AUM at Franklin Resources?

The decrease in AUM was primarily due to the negative impact of market conditions.

What is Franklin Resources' stock symbol?

The stock symbol for Franklin Resources is BEN.

How did the AUM in fixed income change for Franklin Resources?

Fixed income AUM decreased from $642.1 billion to $626.0 billion as of January 31, 2022.