PDF Version

The simple monthly average mix of assets under management is shown below. The change in mixduring fiscal year 2009 is reflective of investor shifts to lower risk investments during the prior twelvemonths.for the fiscal years ended September 30, 2009 2008 2007Equity .................................................................. 47% 57% 60%Hybrid .................................................................. 19% 18% 18%Fixed-income ............................................................ 32% 24% 21%Cash management ......................................................... 2% 1% 1%Total ............................................................... 100%100%100%Assets under management by sales region were as follows:(dollar amounts in billions)as of September 30, 2009 % of Total 2008 % of Total 2007 % of TotalUnited States 1 ........................... $389.3 74% $376.6 74% $467.2 72%Europe 2 ................................ 54.7 11% 53.6 11% 76.6 12%Asia-Pacific 3 ............................ 48.3 9% 42.9 8% 54.2 8%Canada ................................ 31.1 6% 34.2 7% 47.9 8%Total .............................. $523.4 100% $507.3 100% $645.9 100%1 Approximately 70%, 63% and 65% of our operating revenues originated from our U.S. operations in fiscal years 2009,2008 and 2007.2 Europe sales region includes Middle East and Africa.3 Asia-Pacific sales region includes Latin America and Australia.Due to the global nature of our business operations, investment management and related services maybe performed in locations unrelated to the sales region.Components of the change in our assets under management were as follows:(dollar amounts in billions)for the fiscal years ended September 30, 2009 2008 20072009vs. 20082008vs. 2007Beginning assets under management .................... $ 507.3 $ 645.9 $ 511.3 (21)% 26%Long-term sales ................................ 110.4 170.0 176.1 (35)% (3)%Long-term redemptions .......................... (115.6) (177.9) (130.2) (35)% 37%Net cash management ........................... (0.3) (1.0) 0.6 (70)% NMNet new flows ............................. (5.5) (8.9) 46.5 (38)% NMReinvested distributions .......................... 14.1 28.9 20.7 (51)% 40%Net flows ................................. 8.6 20.0 67.2 (57)% (70)%Distributions .................................. (17.9) (35.2) (26.0) (49)% 35%Appreciation (depreciation) and other ............... 25.4 (123.4) 93.4 NM NMEnding Assets Under Management ................... $ 523.4 $ 507.3 $ 645.9 3% (21)%41