C000169126 Fees and Costs — Franklin Liberty International Opportunities ETF
Data updated: 2020-02-28
The net expense ratio is 0.60%: a 0.60% management fee plus 1.74% other expenses, less a 1.74% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $2K in broker commissions, 0.0190% of average net assets, and portfolio turnover was 21%.
C000169126 Fees and Expenses
Annual operating expenses and sales charges of C000169126. Prospectus, as of July 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.74% |
| Gross expense ratio | 2.34% |
| Fee waiver | −1.74% |
| Net expense ratio | 0.60% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000169126 Costs Over Time
On $10,000 invested in C000169126, assuming 5% a year before costs, total costs come to $390 over 5 years, cutting the return by 0.65% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.60%) | $63 | $197 | $344 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $65 | $214 | $390 |
| Value after costs | $10,435 | $11,363 | $12,373 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
C000169126 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0190%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $6.2M
- Portfolio turnover (prospectus): 21%
- Securities lending: none during the year
C000169126 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $942 | 49.85% |
| Credit Suisse Securities (USA) LLC | $480 | 25.39% |
| Citigroup Global Markets Inc. | $352 | 18.62% |
| Macquarie Capital (USA) Inc. | $54 | 2.86% |
| J.P. Morgan Securities LLC | $48 | 2.54% |
| Jefferies LLC | $14 | 0.74% |
C000169126 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $5.1M | 81.93% |
| Credit Suisse Securities (USA) LLC | $1.1M | 18.07% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.