FLQS Fees and Costs — Franklin U.S. Small Cap Multifactor Index ETF
Data updated: 2026-08-27
The net expense ratio is 0.35%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $6K in broker commissions, 0.0100% of average net assets, and portfolio turnover was 23%.
FLQS Fees and Expenses
Annual operating expenses and sales charges of FLQS. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.35% |
| Fee waiver | — |
| Net expense ratio | 0.35% |
| 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 |
FLQS Costs Over Time
On $10,000 invested in FLQS, assuming 5% a year before costs, total costs come to $228 over 5 years, cutting the return by 0.38% 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 0.35%) | $37 | $115 | $202 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $38 | $125 | $228 |
| Value after costs | $10,462 | $11,452 | $12,535 |
| Impact on return, per year | 0.38% | 0.38% | 0.38% |
FLQS 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): 0.0100%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $68.6M
- Portfolio turnover (prospectus): 23%
- Securities on loan, average value: $242K
- Net income from securities lending: $2K (0.003% of average net assets)
FLQS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $5K | 87.19% |
| UBS SECURITIES LLC | $182 | 3.13% |
| GOLDMAN SACHS & CO. LLC | $148 | 2.55% |
| MORGAN STANLEY & CO. LLC | $120 | 2.06% |
| BARCLAYS CAPITAL, INC. | $103 | 1.77% |
| CitiGroup Global Markets Inc. | $100 | 1.73% |
| SG AMERICAS SECURITIES LLC | $51 | 0.88% |
| BOFA SECURITIES, INC. | $20 | 0.34% |
| INSTINET LLC | $13 | 0.23% |
| BNY MELLON CAPITAL MARKETS, LLC | $8 | 0.14% |
FLQS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $23.4M | 34.05% |
| BOFA SECURITIES, INC. | $18.1M | 26.30% |
| UBS SECURITIES LLC | $9.9M | 14.44% |
| JANE STREET CAPITAL, LLC | $9.1M | 13.24% |
| J.P. Morgan Securities LLC | $6.0M | 8.71% |
| GOLDMAN SACHS & CO. LLC | $2.2M | 3.26% |
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.