Franklin Income Focus ETF

INCM

Market cap $810M

Overview Fund Activity

27.68 USD

-0.09

0.32%

At close Updated Sep 12, 4:00 PM EDT

1 day

-0.32%

5 days

0%

1 month

1.43%

3 months

2.52%

6 months

4.65%

Year to date

5.81%

1 year

2.9%

5 years

10.41%

10 years

10.41%

0

Funds holding %

of 7,462 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

250% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 14

233% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 3

10% more funds holding

Funds holding: 70 [Q1] → 77 (+7) [Q2]

8% more capital invested

Capital invested by funds: $292M [Q1] → $316M (+$24M) [Q2]

5.88% less ownership

Funds ownership: 52.65% [Q1] → 46.77% (-5.88%) [Q2]

100% less funds holding in top 10

Funds holding in top 10: 2 [Q1] → 0 (-2) [Q2]

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Financial journalist opinion

INCM: Performing As Expected During A Volatile Year

The Franklin Income Focus ETF remains a Buy for conservative investors seeking high income and moderate equity exposure, with a consistent 5% yield and low volatility. The fund's allocation has shifted toward healthcare and technology, while maintaining a strong value and high-yield corporate bond focus. INCM's performance ranks in the top 10% of conservatively allocated funds, with total returns closely tracking the S&P 500 over the last 12 months when dividends are included.

INCM: Performing As Expected During A Volatile Year

INCM: Mixed Bag So Far (Rating Downgrade)

INCM offers a dynamic, actively managed 60/40 portfolio but has underperformed the passive AOR ETF in total return over the past year. Despite lower volatility and a marginally higher Sharpe ratio, INCM's higher expense ratio is not justified by its performance. The fund has shifted its allocation, reducing fixed income exposure and overweighting high yield credit and healthcare equities.

INCM: Mixed Bag So Far (Rating Downgrade)

INCM: Decent Income ETF, But Not The Most Compelling

Franklin Income Focus ETF offers a 5.25% yield from a diversified portfolio of debt and equity securities. There is no red flag in INCM's risk profile and past performance, but its short track record is still unconvincing compared to some income ETFs. In particular, a junk bond ETF and a preferred ETF are more compelling based on yield and total return, while a CLO ETF looks a better choice for risk-averse investors.

INCM: Decent Income ETF, But Not The Most Compelling

ETF 360: Franklin Templeton Focuses on Income

On the latest episode of ETF 360, VettaFi's Kristen Chang spoke to Franklin Income Investors' SVP and Portfolio Manager Todd Brighton. The two discussed the Franklin Income Focus ETF (INCM) and the Franklin Income Equity Focus ETF (INCE).

ETF 360: Franklin Templeton Focuses on Income

INCM: True To Its Ticker

Franklin Income Focus ETF offers diversified income through a multi-asset approach, blending stocks, bonds, and preferreds for a 4.93% 30-day SEC yield. INCM's active management allows for flexible asset allocation, potentially outperforming in volatile markets, though it comes with a higher expense ratio of 0.38%. The fund's sector allocation includes substantial weightings in Tech, Financials, and Health Care, providing exposure to mature companies with steady dividends.

INCM: True To Its Ticker

INCM: ETF Provides High Income Without Ignoring Growth

Franklin Income Focus ETF is a relatively new blended ETF offering from Franklin Templeton, which launched in June of last year. For investors who value a higher level of income but do not want to ignore opportunities for capital appreciation, INCM appears to provide a unique way to play the market. INCM's potential value lies in potential downside protection during market corrections as well as its flexibility to modify its investment allocations as market conditions change.

INCM: ETF Provides High Income Without Ignoring Growth

INCM: Active 60/40 Allocation From Franklin Templeton

Franklin Income Focus ETF offers a flexible and active 60/40 portfolio allocation, with a blend benchmark of the S&P 500 Index and the Bloomberg US Aggregate Index. INCM has a composition that reflects a realistic allocation for retail investors, with a focus on fixed-income and high-yield bonds. The 'Fixed Income' bucket currently sits at 60.8%. On the equity side, the highest allocation is to information technology, followed by financials and consumer staples. The trailing P/E for the equities sleeve is 17x.

8 Under-the-Radar Active ETFs for the Holidays

The winter holiday season is here, and I wanted to join in the festivities. Recently, advisors have become more comfortable turning to active ETFs to help them and their clients navigate the uncertain market environment.

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