C000219581 Fees and Costs — Franklin Templeton SMACS Series EM, Series EM
Data updated: 2026-07-27
The net expense ratio is 0.00% (9.97% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $270 in broker commissions, 0.0259% of average net assets, and portfolio turnover was 18%.
C000219581 Fees and Expenses
Annual operating expenses and sales charges of C000219581. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 9.95% |
| Gross expense ratio | 9.97% |
| Fee waiver | −9.97% |
| Net expense ratio | 0.00% |
| 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 |
C000219581 Costs Over Time
On $10,000 invested in C000219581, assuming 5% a year before costs, total costs come to $17 over 5 years, cutting the return by 0.03% 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 0.00%) | $0 | $0 | $0 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $0 | $2 |
| Total costs | $3 | $9 | $17 |
| Value after costs | $10,497 | $11,567 | $12,746 |
| Impact on return, per year | 0.03% | 0.03% | 0.03% |
C000219581 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0259%
- Total broker commissions: $270
- Bought from dealers (principal trades, not a cost): $592K
- Portfolio turnover (prospectus): 18%
- Securities lending: none during the year
C000219581 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $37 | 16.90% |
| CLSA Americas, LLC | $28 | 12.90% |
| Macquarie Group Limited | $28 | 12.77% |
| J.P. Morgan Securities LLC | $26 | 11.72% |
| HSBC Securities (USA) Inc. | $24 | 10.95% |
| Instinet, LLC | $21 | 9.80% |
| Citigroup Global Markets Inc. | $18 | 8.30% |
| Morgan Stanley & Co. LLC | $17 | 7.70% |
| UBS Securities LLC | $12 | 5.58% |
| Jefferies LLC | $7 | 3.38% |
C000219581 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $589K | 99.44% |
| Fiduciary Trust Company International | $3K | 0.46% |
| CORPORATIVO GBM, S.A.B. DE C.V. | $362 | 0.06% |
| Instinet, LLC | $97 | 0.02% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $53 | 0.01% |
| XP Investments US, LLC | $42 | 0.01% |
| SANTANDER INVESTMENT S.A. | $16 | 0.00% |
| Banco BTG Pactual S.A. | $12 | 0.00% |
| EFG Hermes Holding SAE | $11 | 0.00% |
| Liquidnet, Inc. | $9 | 0.00% |
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.