FLQM Fees and Costs — Franklin U.S. Mid Cap Multifactor Index ETF
Data updated: 2026-08-27
The net expense ratio is 0.30%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $69K in broker commissions, 0.0041% of average net assets, and portfolio turnover was 25%.
FLQM Fees and Expenses
Annual operating expenses and sales charges of FLQM. 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 | Yes |
| Waived fees subject to recoupment | No |
FLQM Costs Over Time
On $10,000 invested in FLQM, assuming 5% a year before costs, total costs come to $193 over 5 years, cutting the return by 0.32% 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 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $32 | $105 | $193 |
| Value after costs | $10,468 | $11,471 | $12,570 |
| Impact on return, per year | 0.32% | 0.32% | 0.32% |
FLQM 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): 0.0041%
- Total broker commissions: $69K
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 25%
- Securities on loan, average value: $781K
- Net income from securities lending: $5K (0.000% of average net assets)
FLQM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $67K | 97.39% |
| UBS SECURITIES LLC | $747 | 1.08% |
| MORGAN STANLEY & CO. LLC | $387 | 0.56% |
| CitiGroup Global Markets Inc. | $337 | 0.49% |
| GOLDMAN SACHS & CO. LLC | $268 | 0.39% |
| INSTINET LLC | $73 | 0.10% |
FLQM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $454.4M | 43.24% |
| UBS SECURITIES LLC | $275.9M | 26.25% |
| BOFA SECURITIES, INC. | $143.2M | 13.62% |
| J.P. Morgan Securities LLC | $53.6M | 5.10% |
| JANE STREET CAPITAL, LLC | $47.8M | 4.55% |
| VIRTU AMERICAS LLC | $45.0M | 4.29% |
| RBC CAPITAL MARKETS, LLC | $19.6M | 1.87% |
| GOLDMAN SACHS & CO. LLC | $11.4M | 1.08% |
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.