Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Franklin Income Focus ETF
$28.72+0.01 (+0.03%)
- 0.38%
- $1.9B
- +9.9%
- 5.33%
- 0.4M sh
- $28.69
- low $27.40high $29.95
The ETF.net INCM Grade
A
Score 78 out of 100
- 1 of 15
Score 78 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.A86 out of 100Rank 3 of 15Mission
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.A79 out of 100Rank 1 of 15Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B63 out of 100Rank 4 of 15Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A76 out of 100Rank 4 of 15
Our read on INCM
AA go-anywhere income hunt in ETF form: Franklin's managers roam across asset classes chasing current income, hold roughly 400 positions, charge 0.38%, and pay out monthly.
The fund seeks a high level of current income, with long-term capital appreciation as a secondary objective.
Why people hold it
- Charges 0.38%, well under the typical fund in its multi-asset allocation group. More of the income stays with shareholders.
- Distributes monthly, matching the rhythm of actual bills. Current income is the stated primary objective, with capital appreciation secondary.
- Spreads the income job across roughly 400 positions instead of leaning on a short list of high yielders.
- Trades smoothly for a multi-billion-dollar fund, and rates as one of the stronger implementations in its allocation peer group.
Worth knowing
- Actively managed with no declared index, so the asset mix and the payout reflect manager judgment rather than a published rulebook you can check against.
- The mandate targets a high level of current income, not a fixed dollar amount, so the monthly distribution moves with markets.
- Index-based allocation peers such as AOA and IRTR carry lower expense ratios. Here the fee buys active security selection instead of a set glide path.
INCM Holdings
- Other
- 397
- 14%
- PG
Sectors
- Financials20.8%
- Consumer Staples15.1%
- Energy13.4%
- Utilities10.6%
- Health Care9.7%
- Technology8.3%
- Communication6.4%
- Industrials5.8%
- Consumer Discretionary5.1%
- Materials4.7%
- Real Estate0.0%
Geography
- United States83.77%
- Switzerland4.69%
- United Kingdom3.95%
- France1.92%
- Germany1.55%
- Netherlands1.55%
- Ireland1.42%
- Luxembourg0.69%
- 0.47%
INCM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
INCM$10,989
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 | INCM |
|---|---|
| Year to date | +6.5% |
| 1 month | −1.3% |
| 3 months | −0.1% |
| 1 year | +9.9% |
| 3 years | +11.9% |
| 5 years | — |
| 10 years | — |
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 | INCM |
|---|---|---|
| 2026 YTD | +6.5% | |
| 2025 | +13.1% | |
| 2024 | +7.2% | |
| 2023 | +5.8% |
INCM in the news
INCM Dividends
- 5.33%
- $1.53
- $0.13 per share
- Monthly
Distribution history
INCM Risk
- 7.4%
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.
- 0.88
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.
- −7.8%
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.
- 0.70
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
INCM Cost
0.38%
INCM0.38%
- The middle half of Multi-Asset Income funds
- Median 0.65%
2 of the 15 Multi-Asset Income funds charge less.
Other funds in Multi-Asset Income
- AIYLDiShares Morningstar Multi-Asset Income ETFExpense ratio 0.50%1 year return +8.3%
- BINKMState Street Income Allocation ETFExpense ratio 0.50%1 year return +6.4%
- BFTBIFirst Trust Balanced Income ETFExpense ratio 0.25%1 year return +9.0%
- BMDIVMulti-Asset Diversified Income Index FundExpense ratio 0.83%1 year return +9.9%
- BALTYGlobal X Alternative Income ETFExpense ratio 0.50%1 year return +8.5%