Franklin Resources(US:BEN)2025-05-02 12:31AUM and Flows - Ending AUM decreased to $1.54 trillion, a 2.2% decrease compared to the prior quarter and a 6.3% decrease compared to the prior year[8, 50] - Long-term net outflows were $26.2 billion[7] - Excluding Western Asset Management, long-term net inflows were $7.4 billion[7] - Alternatives fundraised $6.8 billion, with $6.1 billion in private market assets[7] - ETF experienced $4.1 billion of net flows, reaching a record high AUM of $37.0 billion[7] Financial Performance - Adjusted revenue was $1.61 billion, a 4% decrease compared to the prior quarter and a 3% decrease compared to the prior year[8, 55] - Adjusted operating income was $377.2 million, a 8.6% decrease from the prior quarter and a 10.1% decrease from the prior year[8, 39] - Adjusted net income was $254.4 million, a 20.6% decrease from the prior quarter and a 17% decrease from the prior year[8, 39] - Adjusted diluted EPS was $0.47, a 20.3% decrease from the prior quarter and a 16.1% decrease from the prior year[8, 39] - Adjusted effective fee rate was 38.3 bps, compared to 37.2 bps in the prior quarter and 38.5 bps in the prior year[8, 10] Capital Management - Total cash and investments were $6.1 billion as of March 31, 2025[48]