FLPXX Fees and Costs — Government Money Market, Class E
Data updated: 2026-05-14
The net expense ratio is 0.39%: a 0.15% management fee, a 0.20% 12b-1 fee plus 0.18% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees.
FLPXX Fees and Expenses
Annual operating expenses and sales charges of FLPXX. Prospectus, as of May 14, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.20% |
| Other expenses | 0.18% |
| Gross expense ratio | 0.54% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.39% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| 7-day yield | 2.43% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FLPXX Costs Over Time
On $10,000 invested in FLPXX, assuming 5% a year before costs, total costs come to $247 over 5 years, cutting the return by 0.41% 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 0.39%) | $41 | $129 | $224 |
| Lost growth on money paid in costs | $0 | $6 | $23 |
| Total costs | $41 | $135 | $247 |
| Value after costs | $10,459 | $11,441 | $12,516 |
| Impact on return, per year | 0.41% | 0.41% | 0.41% |
FLPXX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $23.6B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
FLPXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS CORP | $7.5B | 35.72% |
| SOUTH STREET SECURITIES | $2.9B | 13.74% |
| TD SECURITIES | $1.7B | 8.12% |
| BARCLAYS CAPITAL INC | $1.7B | 7.90% |
| GOLDMAN SACHS & CO | $1.6B | 7.55% |
| DAIWA SECURITIES | $1.3B | 6.12% |
| LOOP CAPITAL MARKETS | $1.2B | 5.74% |
| CITICORP SECURITIES SERVICES | $1.2B | 5.54% |
| MORGAN STANLEY & CO | $1.0B | 4.80% |
| BMO CAPITAL MARKETS | $999.5M | 4.78% |
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.