Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management of $1.68 trillion at March 31, 2026, down from $1.73 trillion at February 28, 2026. The monthly decline reflected negative market impacts, partially offset by long-term net inflows of $5 billion.

The company recorded $1 billion in long-term net outflows at Western Asset Management during March. Excluding Western Asset Management, preliminary long-term net inflows totaled $6 billion for the month.

For the quarter ended March 31, 2026, Franklin Resources recorded preliminary long-term net inflows of $17 billion, including $4 billion in long-term net outflows at Western Asset Management. Excluding Western Asset Management, long-term net inflows reached $21 billion for the quarter. Preliminary average AUM for the quarter was $1.70 trillion.

By asset class at March 31, equity AUM totaled $669.6 billion, down from $722.0 billion in February. Fixed income AUM decreased to $433.9 billion from $444.4 billion. Alternative investments reached $280.0 billion, up from $277.2 billion, while multi-asset AUM declined to $208.7 billion from $210.0 billion.

Cash management AUM increased to $87.8 billion from $80.9 billion in February. Western Asset Management had preliminary AUM of $223 billion at March 31, compared to $222 billion at February 28.

Alternative AUM at March 31 included $1 billion in aggregate realizations and distributions for the month and $4 billion for the quarter, according to the press release statement.