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INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES (Tables)

3 Months Ended

Mar. 31, 2024

Information about Receivables, Revenues, and Services [Abstract]

Schedule of Revenues From Advisory Services

Net revenues earned in the first quarter of 2024 and 2023, are included in the table below along with details of investment advisory revenues earned from clients by their underlying asset class. We also included average assets under management by asset class, on which we earn the investment advisory revenues.

			Three months ended
(in millions)			3/31/2024						3/31/2023
Investment advisory fees
Equity			$	949.6					$	833.9
Fixed income, including money market			100.6						102.4
Multi-asset			429.7						386.0
Alternatives			74.1						69.5
Total investment advisory fees			$	1,554.0					$	1,391.8
Capital allocation-based income			47.1						16.9
Total administrative, distribution, and servicing fees			149.1						128.9
Net revenues			$	1,750.2					$	1,537.6
Average AUM (in billions):
Equity			$	770.4					$	687.0
Fixed income, including money market			169.5						169.6
Multi-asset			497.0						422.2
Alternatives			47.5						44.1
Average AUM			$	1,484.4					$	1,322.9

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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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