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INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. (Tables)
3 Months Ended
Mar. 31, 2018
Information about Receivables, Revenues, and Services [Abstract]  
Components of revenues from advisory services
Revenues earned during the first quarter of 2017 and 2018 under agreements with clients include: 
 
Three months ended 3/31/2017
 
 
 
Administrative, distribution, and servicing fees
 
 
(in millions)
Investment advisory fees
 
Administrative fees
 
Distribution and servicing fees
 
Net revenues
U.S. mutual funds
$
717.4

 
$
86.3

 
$
35.2

 
$
838.9

Subadvised and separately managed accounts and other investment products
275.3

 

 

 
275.3

Other

 
18.4

 

 
18.4

 
$
992.7

 
$
104.7

 
$
35.2

 
$
1,132.6

 
 
 
 
 
 
 
 
 
Three months ended 3/31/2018
 
 
 
Administrative, distribution, and servicing fees
 
 
(in millions)
Investment advisory fees
 
Administrative fees
 
Distribution and servicing fees
 
Net revenues
U.S. mutual funds
$
832.9

 
$
81.8

 
$
36.6

 
$
951.3

Subadvised and separately managed accounts and other investment products
356.3

 

 

 
356.3

Other

 
20.4

 

 
20.4

 
$
1,189.2

 
$
102.2

 
$
36.6

 
$
1,328.0


The following table details the investment advisory fees earned from clients by their underlying asset class.
 
Three months ended
(in millions)
3/31/2017
 
3/31/2018
U.S. mutual funds
 
 
 
Equity and blended assets
$
594.2

 
$
705.5

Fixed income and money market
123.2

 
127.4

 
717.4

 
832.9

Subadvised and separately managed accounts and other investment products
 
 
 
Equity and blended assets
227.9

 
297.0

Fixed income and money market
47.4

 
59.3

 
275.3

 
356.3

Total
$
992.7

 
$
1,189.2

Components of assets under management
The following table summarizes the investment portfolios and assets under management on which we earn investment advisory fees. 
 
Average during
 
 
 
the first quarter of
 
As of
(in billions)
2017
 
2018
 
12/31/2017
 
3/31/2018
U.S. mutual funds
 
 
 
 
 
 
 
Equity and blended assets
$
421.0

 
$
494.6

 
$
480.5

 
$
484.1

Fixed income and money market
115.5

 
127.4

 
125.8

 
128.8

 
536.5

 
622.0

 
606.3

 
612.9

Subadvised and separately managed accounts and other investment products
 
 
 
 
 
 
 
Equity and blended assets
231.6

 
308.2

 
291.9

 
304.8

Fixed income and money market
77.3

 
95.3

 
92.9

 
96.5

 
308.9

 
403.5

 
384.8

 
401.3

Total
$
845.4

 
$
1,025.5

 
$
991.1

 
$
1,014.2