Franklin Resources, Inc. (Franklin Templeton) (NYSE:BEN) today reported preliminary month-end assets under management (AUM) of $1,477.5 billion at March 31, 2022, compared to $1,486.9 billion at February 28, 2022.This month's decrease in AUM primarily reflected long-term and cash management net outflows.

For the quarter ended March 31, 2022, AUM reflected the negative impact of markets and long-term net outflows of $11.7 billion.

On April 1, 2022, Franklin Templeton completed the acquisition of Lexington Partners, a global leader in secondary private equity and co-investments. Lexington had total AUM of $57 billion as of March 31, 2022 which is not reflected in the table below.

By Asset Class:

(In USD billions)	Preliminary
	31-Mar-22	28-Feb-22	31-Dec-21	30-Sep-21	31-Mar-21
Fixed Income¹	$595.0	$612.5	$642.1	$650.3	$642.3
Equity	515.4	509.8	563.4	523.6	511.9
Alternative	157.9	155.0	154.3	145.2	131.1
Multi-Asset	151.9	148.6	154.0	152.4	148.2
Long Term:	1,420.2	1,425.9	1,513.8	1,471.5	1,433.5
Cash Management	57.3	61.0	64.3	58.6	65.4
Total	$1,477.5	$1,486.9	$1,578.1	$1,530.1	$1,498.9

¹The remaining AUM in our closed India credit funds was $179 million as of March 31, 2022.

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 155 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 offers boutique specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has 75 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

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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 and our subsequent Quarterly Reports on Form 10-Q. 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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