Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Franklin Income Equity Focus ETF
$66.83+0.14 (+0.20%)
- 0.29%
- $358M
- +20.2%
- 5.01%
- 0M sh
- $66.91
- low $58.26high $70.08
The ETF.net INCE Grade
A
Score 73 out of 100
- 4 of 37
Score 73 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A83 out of 100Rank 6 of 37Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B60 out of 100Rank 12 of 35Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B61 out of 100Rank 11 of 37Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A74 out of 100Rank 8 of 33Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A84 out of 100Rank 4 of 37
Our read on INCE
AFranklin's income playbook run through stocks instead of bonds: roughly 100 equity-focused positions, monthly payouts, and an objective that targets lower volatility than the S&P 500, at a fee well under the typical allocation fund.
The Fund seeks income from equity securities and related instruments while also pursuing capital appreciation and lower volatility than the S&P 500 Index.
Why people hold it
- 0.29% a year, less than half what the typical allocation fund charges.
- Income is the job, and it shows up monthly. The mandate also lets managers move across debt and equity markets rather than sit in one lane.
- The stated goal is not yield alone: income, capital appreciation, and lower volatility than the S&P 500 are all written into the objective.
- Undercuts its multi-asset sibling INCM (0.38%) on fee, and sits among the stronger names in a crowded allocation field.
Worth knowing
- Small and lightly traded next to the giants of its category, so spreads can widen. Limit orders are the norm here.
- Distributions may include return of capital, so part of a monthly payout can be your own money coming back.
- Equity-forward by design. The aim is a smoother ride than the S&P 500, not bond-like steadiness.
INCE Holdings
- Stocks
- 111
- 29%
- Ift - Money Market Port
Sectors
- Consumer Staples14.7%
- Financials14.6%
- Health Care13.4%
- Utilities13.4%
- Energy12.0%
- Industrials11.5%
- Technology7.0%
- Materials5.5%
- Consumer Discretionary4.3%
- Communication3.7%
Geography
- United States88.69%
- Ireland3.53%
- France2.39%
- United Kingdom1.99%
- Netherlands1.22%
- Switzerland1.21%
- Canada0.97%
INCE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
INCE$12,022
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | INCE |
|---|---|
| Year to date | +13.6% |
| 1 month | −2.2% |
| 3 months | +0.1% |
| 1 year | +20.2% |
| 3 years | +16.7% |
| 5 years | +10.9% |
| 10 years | +13.1% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | INCE |
|---|---|---|
| 2026 YTD | +13.6% | |
| 2025 | +15.9% | |
| 2024 | +10.7% | |
| 2023 | +13.9% | |
| 2022 | −8.6% | |
| 2021 | +23.4% | |
| 2020 | +12.4% |
INCE in the news
INCE Dividends
- 5.01%
- $3.34
- $0.30 per share
- Monthly
Distribution history
INCE Risk
- 10.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.06
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −18.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.60
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
INCE Cost
0.29%
INCE0.29%
- The middle half of Multi-Asset Allocation funds
- Median 0.58%
6 of the 37 Multi-Asset Allocation funds charge less.
Other funds in Multi-Asset Allocation
- AAOAiShares Core 80/20 Aggressive Allocation ETFExpense ratio 0.19%1 year return +15.7%
- AIRTRiShares LifePath Retirement ETFExpense ratio 0.08%1 year return +6.5%
- ATRTYCambria Trinity ETFExpense ratio 0.39%1 year return +18.5%
- AGAACambria Global Asset Allocation ETFExpense ratio 0.32%1 year return +16.8%
- BTBFCBrinsmere Fund Conservative ETFExpense ratio 0.44%1 year return +7.1%