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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 02/28/2026
- 14.60%1 Year
- —3 Years
- —5 Years
- —10 Years
- 11.83%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 02/28/2026 % of Total (Updated Monthly)
Fixed Income42.43% | |
Equity33.67% | |
Convertibles/Equity-Linked Notes22.74% | |
Cash & Cash Equivalents1.17% |
Additional Fund Info
- Fiscal Year End
- March 31
- ETF Type
- Active
- Morningstar Category
10 - Moderately Conservative Allocation
Trading Characteristics
- Shares Outstanding
- 47,300,000
- Daily Volume
- N/A
- 20-Day Average Volume
- N/A
Manager and Commentary
About the Team
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
December 31, 2025Access the latest commentary, performance review and market outlook in one place.
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 02/28/2026
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 February 2026
Franklin Income Focus ETF - Market Price Return (%)
Month End
As of 02/28/2026
Franklin Income Focus ETF - NAV Return (%)
Month End
As of 02/28/2026
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 02/28/2026
Portfolio
Assets
As of03/31/2026 (Updated Daily)
- Total Net Assets
- $1.36 Billion
Positions
As of 02/28/2026 (Updated Monthly)
Number of Equity Issuers
- Fund
- 46
- Fund
- 351
- Fund
- 198
- Fund
- 135
- Fund
- 39
Portfolio Statistics
As of 02/28/2026 (Updated Monthly)
Effective Duration 11
- Fund
- 4.33 Years
- Fund
- 13.48x
- Fund
- 23.84x
- Fund
- 5.14%
- Fund
- 5.90 Years
- Fund
- 3.40x
Asset Allocation
As of 02/28/2026 % of Total (Updated Monthly)
| Holdings | Fund |
|---|---|
Fixed Income | 42.43% |
Equity | 33.67% |
Convertibles/Equity-Linked Notes | 22.74% |
Cash & Cash Equivalents | 1.17% |
Holdings
As of 03/31/2026 (Updated Daily)
IFT - MONEY MARKET PORT
PROCTER & GAMBLE CO/THE
VERIZON COMMUNICATIONS IN
US TREASURY N/B 4 11/35
EXXON MOBIL CORP
CHEVRON CORP
PEPSICO INC
DUKE ENERGY CORP
US TREASURY N/B 4.75 5/55
DTE ENERGY COMPANY
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) 5.85%
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
04/01/2026
03/02/2026
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 03/31/2026 (Updated Daily)
Daily Fund Prices
As of 03/31/2026
Share Prices
As of 03/31/2026
52-Week Range
- Highest NAV
As of 02/25/2026 - $29.46
- Lowest NAV
As of 04/08/2025 - $24.85
- Highest Market Price
As of 02/25/2026 - $29.52
- Lowest Market Price
As of 04/08/2025 - $24.84
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 | |||
| Q3 Portfolio Holdings - Franklin Templeton ETF Trust |
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
Total Returns include change in share price, assume reinvestment of all distributions, and reflect the deduction of fund expenses and applicable fees. Total returns, distribution rate, and yields reflect any applicable expense reductions and fee waivers; without these reductions, the results would have been lower.
Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
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.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
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.