Franklin Resources, Inc.

Filing receipts

“Sales and Distribution Fees Sales and distribution fees by revenue driver are presented below. (in millions) Three Months Ended March 31, Percent Change Six Months Ended March 31, Percent Change 2026 2025 2026 2025 Asset-based fees $ 321.0 $ 297.2 8 % $ 645.6 $ 606.3 6 % Sales-based fees 75.6 67.7 12 % 139.7 134.1 4 % Sales and Distribution Fees $ 396.6 $ 364.9 9 % $ 785.3 $ 740.4 6 % Asset-based distribution fees increased $23.8 million and $39.3 million for the three and six months ended March 31, 2026 primarily due to increases of 6% and 4% in the related average AUM and a higher mix of non-U.S. equity and multi-asset funds and U.S. equity and alternative funds, which generate higher fee...”

“Three Months Ended March 31, Percent Change Six Months Ended March 31, Percent Change (in millions) 2026 2025 2026 2025 Asset-based expenses $ 447.8 $ 411.4 9 % $ 905.6 $ 839.6 8 % Sales-based expenses 70.9 67.9 4 % 131.2 131.8 0 % Amortization of deferred sales commissions 25.3 18.8 35 % 48.1 39.0 23 % Sales, Distribution and Marketing $ 544.0 $ 498.1 9 % $ 1,084.9 $ 1,010.4 7 % Asset-based expenses increased $36.4 million and $66.0 million for the three and six months ended March 31, 2026 primarily due to increases of 7% and 6% in the related average AUM, higher marketing support fees, and a higher mix of non-U.S. equity and multi-asset funds and U.S. equity and alternative funds, which i...”

“Sales-based expenses increased $3.0 million for the three months ended March 31, 2026 primarily due to an increase of 20% in commissionable sales, partially offset by a higher mix of non-U.S. sales, and decreased $0.6 million for the six months ended March 31, 2026 primarily due to a higher mix of non-U.S. sales, partially offset by an increase of 7% in commissionable sales and lower sales-based marketing support fees.”