Franklin Advisory Services (FAS) provides investment advice and manages portfolios for exchange-traded funds (ETFs). FAS primarily uses an indexing investment approach, seeking returns that closely match a specific index. This is achieved through replication (investing in all index components) or representative sampling (investing in a selection of securities that mirror the index's profile).
FAS manages investments for ETFs, aiming to mirror the performance of specific indexes. The fees for these services are not explicitly detailed in this brochure, but are likely included in the ETF's overall expense ratio, which is disclosed in the ETF's prospectus.