FLEE Fees and Costs — Franklin FTSE Europe ETF
Data updated: 2026-08-27
The net expense ratio is 0.09%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $384 in broker commissions, 0.0003% of average net assets, and portfolio turnover was 5%.
FLEE Fees and Expenses
Annual operating expenses and sales charges of FLEE. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.09% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.09% |
| Fee waiver | — |
| Net expense ratio | 0.09% |
| 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 |
FLEE Costs Over Time
On $10,000 invested in FLEE, assuming 5% a year before costs, total costs come to $58 over 5 years, cutting the return by 0.09% 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 0.09%) | $9 | $30 | $52 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $1 | $5 |
| Total costs | $9 | $31 | $58 |
| Value after costs | $10,491 | $11,545 | $12,705 |
| Impact on return, per year | 0.09% | 0.09% | 0.09% |
FLEE 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): 0.0003%
- Total broker commissions: $384
- Bought from dealers (principal trades, not a cost): $47.0M
- Portfolio turnover (prospectus): 5%
- Securities on loan, average value: —
- Net income from securities lending: $1 (0.000% of average net assets)
FLEE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $133 | 34.65% |
| BNP PARIBAS SECURITIES CORP. | $73 | 19.06% |
| GOLDMAN SACHS & CO. LLC | $56 | 14.64% |
| CitiGroup Global Markets Inc. | $35 | 9.19% |
| BARCLAYS CAPITAL, INC. | $33 | 8.70% |
| MORGAN STANLEY & CO. LLC | $31 | 8.04% |
| UBS SECURITIES LLC | $20 | 5.23% |
| SANFORD C. BERNSTEIN & CO., LLC | $2 | 0.49% |
FLEE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $31.4M | 66.86% |
| UBS SECURITIES LLC | $8.5M | 18.07% |
| CitiGroup Global Markets Inc. | $7.1M | 15.07% |
| STATE STREET GLOBAL MARKETS, LLC | $2K | 0.00% |
| BARCLAYS CAPITAL, INC. | $34 | 0.00% |
| SG AMERICAS SECURITIES, LLC | $14 | 0.00% |
| MORGAN STANLEY & CO. LLC | $6 | 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.