DIEM Fees and Costs — Franklin Emerging Market Core Dividend Tilt Index ETF
Data updated: 2026-08-27
The net expense ratio is 0.19%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $13K in broker commissions, 0.0497% of average net assets, and portfolio turnover was 61%.
DIEM Fees and Expenses
Annual operating expenses and sales charges of DIEM. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.19% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.19% |
| Fee waiver | — |
| Net expense ratio | 0.19% |
| 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 |
DIEM Costs Over Time
On $10,000 invested in DIEM, assuming 5% a year before costs, total costs come to $152 over 5 years, cutting the return by 0.25% 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 0.19%) | $20 | $63 | $110 |
| Trading costs (broker commissions) | $5 | $16 | $29 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $25 | $83 | $152 |
| Value after costs | $10,475 | $11,493 | $12,611 |
| Impact on return, per year | 0.25% | 0.25% | 0.25% |
DIEM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0497%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $9.3M
- Portfolio turnover (prospectus): 61%
- Securities on loan, average value: $607
- Net income from securities lending: $45 (0.000% of average net assets)
DIEM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $9K | 73.24% |
| UBS SECURITIES LLC | $3K | 25.62% |
| MORGAN STANLEY & CO. LLC | $136 | 1.05% |
| CitiGroup Global Markets Inc. | $9 | 0.07% |
| GOLDMAN SACHS & CO. LLC | $2 | 0.02% |
DIEM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $6.5M | 69.97% |
| J.P. Morgan Securities LLC | $2.8M | 29.96% |
| BNY MELLON CAPITAL MARKETS, LLC | $7K | 0.07% |
| STATE STREET GLOBAL MARKETS, LLC | $89 | 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.