FLUD Fees and Costs — Franklin Ultra Short Bond ETF
Data updated: 2026-08-27
The net expense ratio is 0.15%. There are no sales loads or redemption fees. Portfolio turnover was 34%.
FLUD Fees and Expenses
Annual operating expenses and sales charges of FLUD. 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 |
FLUD Costs Over Time
On $10,000 invested in FLUD, assuming 5% a year before costs, total costs come to $95 over 5 years, cutting the return by 0.16% 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 | $50 | $87 |
| Lost growth on money paid in costs | $0 | $2 | $9 |
| Total costs | $16 | $52 | $95 |
| Value after costs | $10,484 | $11,524 | $12,667 |
| Impact on return, per year | 0.16% | 0.16% | 0.16% |
FLUD 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.9B
- Portfolio turnover (prospectus): 34%
- Securities lending: none during the year
FLUD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $548.0M | 30.83% |
| BOFA SECURITIES, INC. | $488.7M | 27.50% |
| CitiGroup Global Markets Inc. | $290.3M | 16.33% |
| WELLS FARGO SECURITIES, LLC | $122.5M | 6.89% |
| MIZUHO SECURITIES (USA) INC. | $113.9M | 6.41% |
| TRUIST SECURITIES, INC. | $73.7M | 4.15% |
| BARCLAYS CAPITAL, INC. | $45.2M | 2.54% |
| GOLDMAN SACHS & CO. LLC | $42.8M | 2.41% |
| RBC CAPITAL MARKETS, LLC | $36.8M | 2.07% |
| MUFG SECURITIES AMERICAS INC. | $15.4M | 0.86% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.