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

Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1.66 trillion at September 30, 2025, compared to $1.64 trillion at August 31, 2025. This month’s preliminary AUM reflected the impact of positive markets, partially offset by preliminary long-term net outflows of $11 billion, inclusive of $13 billion of long-term net outflows at Western Asset Management.¹ Excluding Western Asset Management, preliminary long-term net inflows were $2 billion.

For the quarter ended September 30, 2025, preliminary AUM reflected the impact of positive markets, partially offset by preliminary long-term net outflows of $12 billion, inclusive of $23 billion of long-term net outflows at Western Asset Management.¹ Excluding Western Asset Management, preliminary long-term net inflows were $11 billion.

On October 1, 2025, Franklin Templeton completed the acquisition of Apera Asset Management, a pan-European private credit firm. Apera had total AUM of €5 billion as of September 30, 2025, which is not reflected in the table below.

By Asset Class:
(In USD billions)	Preliminary
	30-Sep-25		31-Aug-25		30-Jun-25		31-Mar-25		30-Sep-24
Equity	$685.9		$672.7		$656.6		$598.1		$632.1
Fixed Income	437.1		443.0		441.7		446.0		556.4
Alternative2	262.6		262.0		258.4		251.8		249.9
Multi-Asset	194.1		190.4		183.2