FLBL Fees and Costs — Franklin Senior Loan ETF
Data updated: 2026-08-27
The net expense ratio is 0.45%. There are no sales loads or redemption fees. Portfolio turnover was 37%.
FLBL Fees and Expenses
Annual operating expenses and sales charges of FLBL. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.45% |
| Fee waiver | — |
| Net expense ratio | 0.45% |
| 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 |
FLBL Costs Over Time
On $10,000 invested in FLBL, assuming 5% a year before costs, total costs come to $285 over 5 years, cutting the return by 0.47% 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 0.45%) | $47 | $148 | $259 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $47 | $156 | $285 |
| Value after costs | $10,453 | $11,421 | $12,478 |
| Impact on return, per year | 0.47% | 0.47% | 0.47% |
FLBL 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $15.0B
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
FLBL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NOMURA SECURITIES INTERNATIONAL, INC. | $11.5B | 77.29% |
| J.P. Morgan Securities LLC | $2.7B | 18.20% |
| BOFA SECURITIES, INC. | $327.8M | 2.20% |
| GOLDMAN SACHS & CO. LLC | $86.9M | 0.58% |
| CitiGroup Global Markets Inc. | $79.2M | 0.53% |
| MORGAN STANLEY & CO. LLC | $68.1M | 0.46% |
| RBC CAPITAL MARKETS, LLC | $30.3M | 0.20% |
| UBS SECURITIES LLC | $26.8M | 0.18% |
| WELLS FARGO SECURITIES, LLC | $25.7M | 0.17% |
| BARCLAYS CAPITAL, INC. | $25.7M | 0.17% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.