C000263085 Fees and Costs — Franklin Municipal High Yield ETF
Data updated: 2026-10-14
The net expense ratio is 0.35%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $4K in broker commissions, 0.0007% of average net assets, and portfolio turnover was 23%.
C000263085 Fees and Expenses
Annual operating expenses and sales charges of C000263085. Prospectus, as of October 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.35% |
| Fee waiver | — |
| Net expense ratio | 0.35% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
C000263085 Costs Over Time
On $10,000 invested in C000263085, assuming 5% a year before costs, total costs come to $222 over 5 years, cutting the return by 0.37% 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 0.35%) | $37 | $115 | $202 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $37 | $121 | $222 |
| Value after costs | $10,463 | $11,455 | $12,541 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
C000263085 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0007%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $434.9M
- Portfolio turnover (prospectus): 23%
C000263085 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $2K | 56.33% |
| JP MORGAN SECURITIES LLC | $2K | 43.67% |
C000263085 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| FMSBONDS, INC. | $110.8M | 28.70% |
| JP MORGAN SECURITIES LLC | $73.3M | 18.99% |
| WELLS FARGO SECURITIES LLC | $45.3M | 11.74% |
| JEFFERIES LLC | $32.8M | 8.49% |
| RBC CAPITAL MARKETS, LLC | $30.8M | 7.98% |
| BOFA SECURITIES, INC. | $30.5M | 7.90% |
| STIFEL, NICHOLAS & COMPANY, INC. | $20.5M | 5.32% |
| PIPER SANDLER & CO. | $15.8M | 4.09% |
| B. C. ZIEGLER AND COMPANY | $13.9M | 3.60% |
| GOLDMAN SACHS & CO. | $12.4M | 3.20% |
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.