C000263091 Fees and Costs — Franklin Ohio 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. In fiscal 2026 the fund paid $182 in broker commissions, 0.0003% of average net assets, and portfolio turnover was 25%.
C000263091 Fees and Expenses
Annual operating expenses and sales charges of C000263091. 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 |
C000263091 Costs Over Time
On $10,000 invested in C000263091, 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% |
C000263091 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): 0.0003%
- Total broker commissions: $182
- Bought from dealers (principal trades, not a cost): $38.4M
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
C000263091 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JP MORGAN SECURITIES LLC | $155 | 85.28% |
| CITIGROUP GLOBAL MARKETS INC. | $27 | 14.72% |
C000263091 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS, LLC | $5.1M | 16.11% |
| BOFA SECURITIES, INC. | $5.0M | 15.80% |
| KEYBANC CAPITAL MARKETS, INC. | $4.7M | 14.88% |
| Wells Fargo Securities LLC | $3.5M | 10.96% |
| BARCLAYS CAPITAL, INC. | $3.1M | 9.80% |
| TD SECURITIES (USA) LLC | $2.4M | 7.49% |
| MORGAN STANLEY & CO. LLC | $2.2M | 6.85% |
| JP MORGAN SECURITIES LLC | $2.0M | 6.33% |
| B. C. ZIEGLER AND COMPANY | $1.9M | 6.05% |
| SAMUEL A. RAMIREZ & COMPANY, INC. | $1.8M | 5.74% |
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.