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Managed Fund Since 2023
Multi-Asset Active
INCM Franklin Income Focus ETF
- Multi-asset. Invests in a diversified portfolio of debt and equity securities.
- Active and dynamic. May shift its investments from one asset class to another based on the investment manager’s analysis of the best opportunities.
- Income expertise. Our firm is a pioneer in multi-asset income investing, with proven history of delivering clients steady income for over 75 years.
Popular Documents
Overview
Fund Facts
Fund description
The Fund seeks high current income while maintaining prospects for capital appreciation. The fund invests in a diversified portfolio of debt and equity securities. “Income Focus” in the Fund’s name refers to the Fund’s strategy of seeking to maximize income over a full market cycle by investing opportunistically across different asset classes, markets and sectors and utilizing income generation strategies.
Identifiers
- Ticker
- INCM
- CUSIP Code
- 35473P439
- ISIN Code
- US35473P4393
- Bloomberg Code
- INCM US
Average Annual Total Returns As of 12/31/2025
- 13.07%1 Year
- —3 Years
- —5 Years
- —10 Years
- 10.10%Since Inception
06/06/2023
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Top Asset Allocation
As of 12/31/2025 % of Total (Updated Monthly)
Fixed Income44.02% | |
Equity28.31% | |
Convertibles/Equity-Linked Notes24.14% | |
Cash & Cash Equivalents3.54% |
Additional Fund Info
- Fiscal Year End
- March 31
- ETF Type
- Active
- Morningstar Category
10 - Moderately Conservative Allocation
Trading Characteristics
- Shares Outstanding
- 42,800,000
- Daily Volume
- 363,652
- 20-Day Average Volume
- 369630.65
Ed Perks examines the current market landscape, exploring potential implications for the road ahead in both the stock and bond markets.
Manager and Commentary
About the Team
Franklin Income Investors
Franklin Income Investors has delivered consistent income for over 75 years. As pioneers in multi-asset income investing, our team takes a dynamic investment approach for investors seeking consistent income and growth.
Commentary Highlights
September 30, 2025- Markets: US equities delivered strong performance over 2025’s third quarter, buoyed in part by easing trade tensions and optimism surrounding artificial intelligence. The US Federal Reserve’s (Fed’s) interest-rate cut in September also supported market sentiment, as did robust corporate earnings. Both the S&P 500 Index and the Nasdaq Composite Index ended the quarter at new record highs.
- Contributors: Allocations to both the fixed income and equity sides of the portfolio contributed to the fund’s absolute returns. On a relative basis, underweight fixed income and overweight equity positioning assisted returns.
- Detractors: Stock selection detracted from relative equity returns.
- Outlook: We maintain a neutral stance on fixed income, while continuing to favor a diversified mix across US Treasuries (USTs), securitized products and corporate issues. Moreover, our preference remains for selective exposure within equities, balancing growth sectors with quality cyclicals and dividend payers.
Franklin Income Investors
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Managed Fund Since 2023
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Managed Fund Since 2023
Latest Insights
November 11, 2025
August 4, 2025
May 5, 2025
Performance
Average Annual Total Returns
As of 12/31/2025
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Returns are based on Market Price or NAV, assume the reinvestment of all distributions and the deduction of all Fund expenses. Performance would have been lower if expenses had not been waived in various periods. Returns for periods of less than one year are not annualized.
Selected Month December 2025
Franklin Income Focus ETF - Market Price Return (%)
Month End
As of 12/31/2025
Franklin Income Focus ETF - NAV Return (%)
Month End
As of 12/31/2025
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg High Yield Very Liquid Index + 25% Bloomberg US Aggregate Index (%) 3
Month End
As of 12/31/2025
Portfolio
Assets
As of02/08/2026 (Updated Daily)
- Total Net Assets
- $1.25 Billion
Positions
As of 12/31/2025 (Updated Monthly)
Number of Equity Issuers
- Fund
- 44
- Fund
- 341
- Fund
- 196
- Fund
- 39
- Fund
- 137
Portfolio Statistics
As of 12/31/2025 (Updated Monthly)
Effective Duration 11
- Fund
- 4.47 Years
- Fund
- 12.69x
- Fund
- 21.46x
- Fund
- 3.61%
- Fund
- 5.97 Years
- Fund
- 3.08x
Asset Allocation
As of 12/31/2025 % of Total (Updated Monthly)
| Holdings | Fund |
|---|---|
Fixed Income | 44.02% |
Equity | 28.31% |
Convertibles/Equity-Linked Notes | 24.14% |
Cash & Cash Equivalents | 3.54% |
Holdings
As of 02/06/2026 (Updated Daily)
CHEVRON CORP
IFT - MONEY MARKET PORT
US TREASURY N/B 4 11/35
VERIZON COMMUNICATIONS IN
PEPSICO INC
PHILIP MORRIS INTERNATION
PROCTER & GAMBLE CO/THE
EXXON MOBIL CORP
US TREASURY N/B 4.75 5/55
LOCKHEED MARTIN CORP
Distributions & Tax
- Distribution Frequency
- MonthlyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- December
Rates and Yields
Distribution Rate
At Net Asset Value (NAV) 4.93%
Distributions are not guaranteed and are subject to change.
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
02/02/2026
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.
Pricing
Pricing History
As of 02/06/2026 (Updated Daily)
Daily Fund Prices
As of 02/06/2026
Share Prices
As of 02/06/2026
52-Week Range
- Highest NAV
As of 02/06/2026 - $29.20
- Lowest NAV
As of 04/08/2025 - $24.85
- Highest Market Price
As of 02/06/2026 - $29.28
- Lowest Market Price
As of 04/08/2025 - $24.84
Premium / Discount
As of 02/06/2026
- 30-Day Median Bid/Ask Spread
- 0.04%
- Bid / Ask Spread
- $0.02
- Avg. of Market Price vs. NAV since Inception
- 0.20%
- Avg. of Market Price vs. NAV at Close
12 - 0.27%
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Franklin Income Focus ETF | |||
| Product Commentary - Franklin Income Focus ETF |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Franklin Income Focus ETF - Single Class | |||
| Annual Financial Statements and Other Information - Franklin Templeton ETF Trust 2 | |||
| Semi-Annual Report - Franklin Income Focus ETF - Single Class | |||
| Semi-Annual Financial Statements and Other Information - Franklin Income Equity Focus ETF | |||
| Prospectus - Franklin Income Focus ETF | |||
| Summary Prospectus - Franklin Income Focus ETF | |||
| Statement of Additional Information - Franklin Income Focus ETF | |||
| Fiscal Q1 Holdings - Franklin Templeton ETF Trust Smart Beta Funds | |||
| Fiscal Q3 Holdings - Franklin Templeton ETF Trust Smart Beta Funds |
Risks
All investments involve risks, including possible loss of principal. Bond prices generally move in the opposite direction of interest rates. Thus, as the prices of bonds in the fund adjust to a rise in interest rates, the fund's share price may decline. Changes in the financial strength of a bond issuer or in a bond's credit rating may affect its value. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Investments in equity index-linked notes often have risks similar to their underlying securities, which could include management risk, market risk and, as applicable, foreign securities and currency risks. The allocation of assets among different strategies, asset classes and investments may not prove beneficial or produce the desired results. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated. These and other risk considerations are discussed in the fund's prospectus.
Important Information
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
All investments involve risk, including possible loss of principal. Please see each product's web page for specific details regarding investment objective, risks, performance, and other important information. Review this information carefully before you make any investment decision. Investors cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges.
Carefully consider a fund’s investment objectives, risks, charges and expenses before investing. Please view the prospectus or summary prospectus for this and other information. Read it carefully.
Franklin Templeton, its affiliated companies, and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the “promotion or marketing” of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.
Franklin Distributors, LLC serves as the distributor of Creation Units for the ETFs on an agency basis. Franklin Distributors, LLC does not maintain a secondary market in the funds' shares.
50% USA High Div Yield + 25% High Yield Very Liquid + 25% US Agg Index is composed of the Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg High Yield Very Liquid Index + 25% Bloomberg US Aggregate Index.
The MSCI USA High Dividend Yield Index is designed to reflect the performance of mid- and large-cap equities (excluding REITs) with higher dividend income, which is sustainable and persistent, than average dividend yields of securities in the MSCI USA Index. The Bloomberg US High Yield Very Liquid Index (VLI) is a component of the US Corporate High Yield Index designed to track a more liquid component of the U.S. dollar-denominated, high-yield, fixed-rate corporate bond market. The Bloomberg US Aggregate Bond Index is comprised of investment-grade, U.S. dollar-denominated government, corporate, and mortgage- and asset-backed issues having at least one year to maturity.
Source: MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI. Bloomberg Indices.