IQM Fees and Costs — Franklin Intelligent Machines ETF
Data updated: 2026-08-27
The net expense ratio is 0.50%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $4K in broker commissions, 0.0080% of average net assets, and portfolio turnover was 33%.
IQM Fees and Expenses
Annual operating expenses and sales charges of IQM. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
IQM Costs Over Time
On $10,000 invested in IQM, assuming 5% a year before costs, total costs come to $321 over 5 years, cutting the return by 0.53% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $176 | $321 |
| Value after costs | $10,447 | $11,401 | $12,442 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
IQM 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): 0.0080%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $45.5M
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
IQM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $442 | 17.68% |
| UBS SECURITIES LLC | $343 | 13.71% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $257 | 10.27% |
| Raymond James & Associates, Inc. | $249 | 9.97% |
| WELLS FARGO SECURITIES, LLC | $229 | 9.15% |
| J.P. Morgan Securities LLC | $213 | 8.53% |
| ROSENBLATT SECURITIES INC. | $202 | 8.07% |
| CitiGroup Global Markets Inc. | $200 | 8.00% |
| GOLDMAN SACHS & CO. LLC | $187 | 7.46% |
| STATE STREET GLOBAL MARKETS, LLC | $179 | 7.15% |
IQM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $29.5M | 65.69% |
| VIRTU AMERICAS LLC | $8.7M | 19.34% |
| UBS SECURITIES LLC | $5.2M | 11.61% |
| RBC CAPITAL MARKETS, LLC | $305K | 0.68% |
| ROBERT W BAIRD & CO. INC. | $254K | 0.57% |
| BOFA SECURITIES, INC. | $253K | 0.56% |
| SG AMERICAS SECURITIES, LLC | $175K | 0.39% |
| Evercore Group L.L.C. | $174K | 0.39% |
| PIPER SANDLER & CO. | $173K | 0.39% |
| CitiGroup Global Markets Inc. | $171K | 0.38% |
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.