UDIV Fees and Costs — Franklin U.S. Core Dividend Tilt Index ETF
Data updated: 2026-08-27
The net expense ratio is 0.06%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $5K in broker commissions, 0.0063% of average net assets, and portfolio turnover was 24%.
UDIV Fees and Expenses
Annual operating expenses and sales charges of UDIV. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.06% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.06% |
| Fee waiver | — |
| Net expense ratio | 0.06% |
| 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 |
UDIV Costs Over Time
On $10,000 invested in UDIV, assuming 5% a year before costs, total costs come to $42 over 5 years, cutting the return by 0.07% 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 0.06%) | $6 | $20 | $35 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $1 | $4 |
| Total costs | $7 | $23 | $42 |
| Value after costs | $10,493 | $11,553 | $12,721 |
| Impact on return, per year | 0.07% | 0.07% | 0.07% |
UDIV 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): 0.0063%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $105.3M
- Portfolio turnover (prospectus): 24%
- Securities on loan, average value: —
- Net income from securities lending: $2 (0.000% of average net assets)
UDIV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $5K | 91.81% |
| J.P. Morgan Securities LLC | $395 | 7.49% |
| MORGAN STANLEY & CO. LLC | $14 | 0.27% |
| BOFA SECURITIES, INC. | $12 | 0.22% |
| GOLDMAN SACHS & CO. LLC | $5 | 0.09% |
| CitiGroup Global Markets Inc. | $3 | 0.06% |
| INSTINET LLC | $2 | 0.03% |
| BARCLAYS CAPITAL, INC. | $1 | 0.02% |
UDIV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $45.3M | 43.00% |
| UBS SECURITIES LLC | $31.2M | 29.68% |
| National Securities Clearing Corporation | $11.5M | 10.88% |
| BNY MELLON CAPITAL MARKETS, LLC | $10.7M | 10.17% |
| VIRTU AMERICAS LLC | $5.3M | 5.00% |
| J.P. Morgan Securities LLC | $1.3M | 1.27% |
| STATE STREET GLOBAL MARKETS, LLC | $918 | 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.