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INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES (Tables)

3 Months Ended

Mar. 31, 2023

Information about Receivables, Revenues, and Services [Abstract]

Schedule of Revenues From Advisory Services

of investment advisory revenues earned from clients by their underlying asset class. We have also included average assets under management by asset class, on which we earn the investment advisory revenues.

			Three months ended
(in millions)			3/31/2023						3/31/2022
Investment advisory fees
Equity			$	833.9					$	1,086.0
Fixed income, including money market			102.4						106.6
Multi-asset			386.0						404.6
Alternatives			69.5						64.9
Total investment advisory fees			$	1,391.8					$	1,662.1
Total administrative, distribution, and servicing fees			128.9						156.5
Capital allocation-based income			16.9						44.4
Net revenues			$	1,537.6					$	1,863.0
Average AUM (in billions):
Equity			$	687.0					$	886.5
Fixed income, including money market			169.6						177.8
Multi-asset			422.2						453.7
Alternatives			44.1						41.9
Average AUM			$	1,322.9					$	1,559.9

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- Definition

Tabular disclosure of the components of revenue recognized in the period for schedule-based fees earned for management of mutual funds based on average daily net assets and other investment management and advisory fees earned on other client portfolios based on asset valuations.

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- Definition

Information about Receivables, Revenues, and Services

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