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

Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1,552.1 billion at June 30, 2021, compared to $1,543.5 billion at May 31, 2021. This month’s increase in AUM primarily reflected the positive impact of markets, partially offset by long-term net outflows, inclusive of two equity redemptions (a $3.7 billion sub-advised mutual fund outflow and a $2.2 billion institutional redemption that had minimal impact on revenue). Fixed Income flows included approximately $400 million of outflows from the non-management-fee-earning India credit funds that are in the process of liquidation.¹

For the quarter ended June 30, 2021, AUM reflected market gains offset by long-term net outflows of $6.6 billion inclusive of the two equity redemptions mentioned above and $1.2 billion of outflows from our closed India credit funds that were non-management-fee earning. Reinvested distributions for the quarter were $3.2 billion.

By Asset Class:

(In USD billions)	Preliminary
	30-Jun-21		31-May-21		31-Mar-21		31-Dec-20		30-Jun-20
Fixed Income1	$658.1		$654.3		$642.3		$669.9		$211.3
Equity	536.9		535.9		511.9		495.7		235.8
Multi-Asset	153.0		154.1		148.2