USPX Fees and Costs — Franklin U.S. Equity Index ETF
Data updated: 2026-08-27
The net expense ratio is 0.03%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $785 in broker commissions, 0.0001% of average net assets, and portfolio turnover was 3%.
USPX Fees and Expenses
Annual operating expenses and sales charges of USPX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.03% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.03% |
| Fee waiver | — |
| Net expense ratio | 0.03% |
| 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 |
USPX Costs Over Time
On $10,000 invested in USPX, assuming 5% a year before costs, total costs come to $19 over 5 years, cutting the return by 0.03% 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 0.03%) | $3 | $10 | $17 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $0 | $2 |
| Total costs | $3 | $10 | $19 |
| Value after costs | $10,497 | $11,566 | $12,744 |
| Impact on return, per year | 0.03% | 0.03% | 0.03% |
USPX 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): 0.0001%
- Total broker commissions: $785
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 3%
- Securities on loan, average value: $50K
- Net income from securities lending: $66 (0.000% of average net assets)
USPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $227 | 28.93% |
| MORGAN STANLEY & CO. LLC | $163 | 20.74% |
| CitiGroup Global Markets Inc. | $125 | 15.92% |
| UBS SECURITIES LLC | $104 | 13.31% |
| GOLDMAN SACHS & CO. LLC | $95 | 12.17% |
| BNY MELLON CAPITAL MARKETS, LLC | $56 | 7.10% |
| BARCLAYS CAPITAL, INC. | $14 | 1.83% |
| CITADEL SECURITIES LLC | $0 | 0.01% |
USPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $519.3M | 44.10% |
| BOFA SECURITIES, INC. | $293.2M | 24.89% |
| JANE STREET CAPITAL, LLC | $194.2M | 16.49% |
| GOLDMAN SACHS & CO. LLC | $64.5M | 5.48% |
| UBS SECURITIES LLC | $47.1M | 4.00% |
| VIRTU AMERICAS LLC | $23.3M | 1.98% |
| BNY MELLON CAPITAL MARKETS, LLC | $18.5M | 1.57% |
| J.P. Morgan Securities LLC | $17.5M | 1.49% |
| STATE STREET GLOBAL MARKETS, LLC | $25K | 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.