Revenue

12 Months Ended

Oct. 31, 2019

Revenue [ Abstract]

Revenue

11. Revenue

The following table disaggregates total revenue by source for the years ended October 31, 2019, 2018 and 2017:

(in thousands)		2019		2018		2017
Management fees:
Sponsored funds	$	999,256	$	1,015,263	$	918,539
Separate accounts		464,687		443,923		390,481
Total management fees		1,463,943		1,459,186		1,309,020
Distribution and underwriter fees:
Distribution fees		63,888		77,402		75,762
Underwriter commissions		21,724		19,969		19,791
Total distribution and underwriter fees		85,612		97,371		95,553
Service fees		123,073		122,231		117,520
Other revenue		10,624		13,634		10,018
Total revenue	$	1,683,252	$	1,692,422	$	1,532,111

The following table disaggregates total management fee revenue by investment mandate reporting category for the years ended October 31, 2019, 2018 and 2017:

(in thousands)		2019		2018		2017
Equity	$	699,726	$	700,194	$	634,972
Fixed income		285,388		259,452		249,827
Floating-rate income		197,695		211,075		186,198
Alternative		59,290		85,096		71,095
Portfolio implementation		179,208		159,341		126,379
Exposure management		42,636		44,028		40,549
Total management fees	$	1,463,943	$	1,459,186	$	1,309,020

Management fees and other receivables reported in the Company’s Consolidated Balance Sheet include $231.3 million and $221.4 million of receivables from contracts with customers at October 31, 2019 and 2018, respectively. The amount of deferred revenue reported in other liabilities in the Company’s Consolidated Balance Sheet was $6.3 million and $4.9 million at October 31, 2019 and 2018, respectively. The entire deferred revenue balance at the end of any given reporting period is expected to be recognized as management fee revenue in the immediate subsequent quarter.