C000263089 Fees and Costs — Franklin Minnesota Municipal Income ETF
Data updated: 2026-09-24
The net expense ratio is 0.35% (0.36% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 15%.
C000263089 Fees and Expenses
Annual operating expenses and sales charges of C000263089. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.36% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.35% |
| 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 |
C000263089 Costs Over Time
On $10,000 invested in C000263089, 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 |
| 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% |
C000263089 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $51.0M
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
C000263089 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NORTHLAND SECURITIES, INC. | $8.0M | 20.33% |
| J.P. Morgan Securities LLC | $6.7M | 17.05% |
| BOFA SECURITIES, INC. | $4.9M | 12.51% |
| PIPER SANDLER & CO. | $4.9M | 12.47% |
| MESIROW FINANCIAL, INC. | $4.5M | 11.43% |
| JANNEY MONTGOMERY SCOTT LLC | $3.0M | 7.63% |
| Wedbush Securities Inc. | $2.0M | 5.18% |
| Academy Securities, Inc. | $2.0M | 5.17% |
| RAYMOND JAMES & ASSOCIATES, INC. | $1.8M | 4.59% |
| Multi-Bank Securities Inc. | $1.4M | 3.65% |
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.