BAMA vs INCE

BAMADBrookstone Active ETF

INCEAFranklin Income Equity Focus ETF

In short

BAMA Brookstone's tactical sleeve in a wrapper: a handful of unaffiliated ETFs that can swing from all-in on stocks to all-out in Treasuries and cash. Price of that freedom: 1.01% net of a waiver through September 30, 2027.

INCE Franklin'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.

Stated mandate

BAMA The Fund seeks total return through active allocation among unaffiliated ETFs covering domestic and foreign equities, bonds, cash and cash equivalents, and potentially leveraged ETFs. Asset-class weightings may change with market conditions.

INCE 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

• BAMA The mandate is genuinely unconstrained: global stocks, bonds including junk, cash, even leveraged ETFs, with weights shifting as the adviser's outlook shifts.sec.gov
• A fee waiver trims the 1.04% gross charge to 1.01% net through September 30, 2027. Distributions arrive quarterly.
• One ticket buys the allocation calls of a multi-billion-dollar RIA, live since 2023 as part of an eight-ETF Brookstone lineup.brookstonecm.comcboe.com

• INCE 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

• BAMA At 1.01% net, it sits above the allocation category's typical fee, and far above index-built peers like UCBG at 0.06% and IRTR at 0.08%.
• A small fund that trades lightly, so spreads and order size matter more here than in the category's giants.
• No index to measure it against: results ride on the adviser's timing, and any leveraged ETF it holds tracks daily moves, not long stretches.sec.gov

• INCE 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.

Full BAMA profile⁠

Full INCE profile⁠