FLQL Fees and Costs — Franklin U.S. Large Cap Multifactor Index ETF
Data updated: 2026-08-27
The net expense ratio is 0.15%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $197K in broker commissions, 0.2342% of average net assets, and portfolio turnover was 52%.
FLQL Fees and Expenses
Annual operating expenses and sales charges of FLQL. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.15% |
| Fee waiver | — |
| Net expense ratio | 0.15% |
| 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 |
FLQL Costs Over Time
On $10,000 invested in FLQL, assuming 5% a year before costs, total costs come to $243 over 5 years, cutting the return by 0.40% 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 0.15%) | $16 | $49 | $86 |
| Trading costs (broker commissions) | $25 | $77 | $135 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $40 | $133 | $243 |
| Value after costs | $10,460 | $11,443 | $12,520 |
| Impact on return, per year | 0.40% | 0.40% | 0.40% |
FLQL 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): 0.2342%
- Total broker commissions: $197K
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 52%
- Securities on loan, average value: $1.6M
- Net income from securities lending: $14K (0.017% of average net assets)
FLQL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $161K | 81.94% |
| J.P. Morgan Securities LLC | $34K | 17.09% |
| CitiGroup Global Markets Inc. | $832 | 0.42% |
| INSTINET LLC | $612 | 0.31% |
| MORGAN STANLEY & CO. LLC | $351 | 0.18% |
| GOLDMAN SACHS & CO. LLC | $46 | 0.02% |
| BOFA SECURITIES, INC. | $46 | 0.02% |
| BNY MELLON CAPITAL MARKETS, LLC | $15 | 0.01% |
| LIQUIDNET, INC. | $3 | 0.00% |
FLQL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $1.1B | 55.93% |
| National Securities Clearing Corporation | $387.0M | 19.80% |
| BOFA SECURITIES, INC. | $215.8M | 11.04% |
| JANE STREET CAPITAL, LLC | $127.1M | 6.51% |
| VIRTU AMERICAS LLC | $45.1M | 2.31% |
| J.P. Morgan Securities LLC | $44.7M | 2.29% |
| RBC CAPITAL MARKETS, LLC | $27.8M | 1.42% |
| GOLDMAN SACHS & CO. LLC | $13.6M | 0.70% |
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.