FLMB Fees and Costs — Franklin Municipal Green Bond ETF
Data updated: 2026-08-27
The net expense ratio is 0.30%. There are no sales loads or redemption fees. Portfolio turnover was 24%.
FLMB Fees and Expenses
Annual operating expenses and sales charges of FLMB. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.30% |
| Fee waiver | — |
| Net expense ratio | 0.30% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FLMB Costs Over Time
On $10,000 invested in FLMB, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.31% 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 0.30%) | $32 | $99 | $173 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $190 |
| Value after costs | $10,468 | $11,472 | $12,573 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
FLMB 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): $62.1M
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
FLMB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $30.6M | 53.26% |
| RAYMOND JAMES & ASSOCIATES, INC. | $6.0M | 10.47% |
| STATE STREET GLOBAL MARKETS, LLC | $5.2M | 9.06% |
| WELLS FARGO SECURITIES, LLC | $2.6M | 4.60% |
| TD SECURITIES (USA) LLC | $2.6M | 4.60% |
| BARCLAYS CAPITAL, INC. | $2.5M | 4.36% |
| TRUIST SECURITIES, INC. | $2.2M | 3.83% |
| BNY MELLON CAPITAL MARKETS, LLC | $2.0M | 3.44% |
| RBC CAPITAL MARKETS, LLC | $1.9M | 3.38% |
| STIFEL, NICHOLAS & COMPANY, INC. | $1.7M | 3.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.