SAN MATEO, Calif.--(BUSINESS WIRE)-- Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1,578.1 billion at December 31, 2021, compared to $1,546.8 billion at November 30, 2021. This month’s increase in AUM primarily reflected long-term net inflows, the acquisition of O’Shaughnessy Asset Management (OSAM), and the positive impact of markets.
For the quarter ended December 31, 2021, AUM reflected the positive impact of markets and long-term net inflows of $24.1 billion inclusive of the previously disclosed $7.4 billion of new client accounts related to the Investment Grade Credit team, partially offset by the $3.6 billion multi-asset institutional redemption that had minimal impact on revenue. Reinvested distributions were $23.5 billion. AUM also included $7.7 billion from the acquisition of OSAM ($6.9 billion) and the merger of Franklin BSP Realty Trust and Capstead Mortgage Corp.
By Asset Class:
(In USD billions) | Preliminary |
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31-Dec-21 |
| 30-Nov-21 |
| 30-Sep-21 |
| 30-Jun-21 |
| 31-Dec-20 | ||
Fixed Income1 | $642.1 | $642.3 | $650.3 | $658.1 | $669.9 | |||||
Equity | 563.4 | 545.1 | 523.6 | 536.9 | 495.7 | |||||
Multi-Asset | 154.0 | 147.1 | 152.4 | 153.0 | 141.1 | |||||
Alternative | 154.3 | 149.5 | 145.2 | 140.8 | 127.1 | |||||
Long Term: | 1,513.8 | 1,484.0 | 1,471.5 | 1,488.8 | 1,433.8 | |||||
Cash Management | 64.3 | 62.8 | 58.6 | 63.3 | 64.2 | |||||
Total | $1,578.1 |
| $1,546.8 |
| $1,530.1 |
| $1,552.1 |
| $1,498.0 | |
1The remaining AUM in our closed India credit funds was $172 million as of December 31, 2021, following approximately $130 million of outflows in the month. |
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 equity, fixed income, multi-asset solutions and alternatives. 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 and financial performance. 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, some of which are listed below, that may cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements. 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:
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: Matt Walsh (650) 312-2245, matthew.walsh@franklintempleton.com investors.franklinresources.com
Source: Franklin Resources, Inc.