FLSW Fees and Costs — Franklin FTSE Switzerland ETF
Data updated: 2026-08-27
The net expense ratio is 0.09%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $173 in broker commissions, 0.0003% of average net assets, and portfolio turnover was 12%.
FLSW Fees and Expenses
Annual operating expenses and sales charges of FLSW. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.09% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.09% |
| Fee waiver | — |
| Net expense ratio | 0.09% |
| 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 |
FLSW Costs Over Time
On $10,000 invested in FLSW, assuming 5% a year before costs, total costs come to $58 over 5 years, cutting the return by 0.09% 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 0.09%) | $9 | $30 | $52 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $1 | $5 |
| Total costs | $9 | $31 | $58 |
| Value after costs | $10,491 | $11,545 | $12,705 |
| Impact on return, per year | 0.09% | 0.09% | 0.09% |
FLSW 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): 0.0003%
- Total broker commissions: $173
- Bought from dealers (principal trades, not a cost): $36.4M
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
FLSW Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $95 | 55.06% |
| MORGAN STANLEY & CO. LLC | $54 | 31.20% |
| CitiGroup Global Markets Inc. | $12 | 6.80% |
| UBS SECURITIES LLC | $11 | 6.53% |
| GOLDMAN SACHS & CO. LLC | $1 | 0.41% |
FLSW Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $23.2M | 63.82% |
| UBS SECURITIES LLC | $13.2M | 36.18% |
| STATE STREET GLOBAL MARKETS, LLC | $409 | 0.00% |
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.