BEN · 10-K · 2026A · Full report

Assets Under Management Growth

FRANKLIN TEMPLETON INC · 2026-11-09 · Importance 64 · Surprise 56

Fiscal 2026 AUM increased 8% to $1,795.1 billion, supported by $84.1 billion of long-term net inflows and $46.4 billion of net market change, distributions and other. Long-term inflows rose 38% to $473.5 billion, driven by higher inflows across equity, alternative and multi-asset strategies, particularly in open-end funds, separately managed accounts, exchange-traded funds and private funds. Alternative net inflows were $37.6 billion and multi-asset net inflows were $26.1 billion; equity net inflows were $21.1 billion, while fixed income was nearly flat at $0.7 billion of net outflows. Long-term outflows fell 12% to $389.4 billion, primarily because outflows declined across several Western Asset Management fixed-income vehicles, although equity outflows increased in open-end funds, separately managed accounts and exchange-traded funds.

Key facts

• Long-term inflows increased 38% to $473.5 billion in fiscal year 2026, driven by higher inflows across equity, alternative and multi-asset strategies. source
• Total AUM was $1,795.1 billion at September 30, 2026, 8% higher than at September 30, 2025; average AUM increased 8% in fiscal year 2026. source
• AUM increased $133.9 billion, or 8%, during fiscal year 2026, primarily due to $84.1 billion of long-term net inflows, $46.4 billion of net market change, distributions and other, and $6.2 billion from acquisitions; $2.8 billion of cash management net outflows partially offset the increase. source
• Long-term outflows decreased 12% to $389.4 billion in fiscal year 2026, primarily due to lower outflows across multiple fixed income vehicles at WAM, partly offset by higher outflows in equity open-end funds, separately managed accounts and exchange traded funds. source
• Long-term net inflows in fiscal year 2026 included $39.5 billion of long-term reinvested distributions. source
• Net market change, distributions and other in fiscal year 2026 included $126.1 billion of market appreciation, offset by $75.3 billion of long-term distributions and a $4.4 billion decrease from foreign exchange revaluation. source