BAMO vs INCE

BAMODBrookstone Opportunities ETF

INCEAFranklin Income Equity Focus ETF

In short

BAMO A go-anywhere tactical blend: the adviser builds the whole thing out of just 5 to 10 outside ETFs and can swing from all-in on stocks to all the way out into Treasuries and cash as its read on markets changes.

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

BAMO Seeks total return. It actively allocates through unaffiliated ETFs across foreign and domestic stocks of any capitalization, bonds, and cash based on the adviser’s relative outlook.

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

• BAMO Truly go-anywhere: stocks of any size across the US, developed foreign and emerging markets, plus bonds and cash, weighted by the adviser's relative outlook rather than a fixed glide path.sec.gov
• The prospectus caps it at 5 to 10 ETF positions, so you can see what the manager actually believes at a glance instead of decoding a 500-line portfolio.sec.gov
• The bond side stays plain by design: U.S. Treasury ETFs or broad-based index fixed income ETFs, even when the equity side turns tactical. Distributions are quarterly.sec.gov

• 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

• BAMO Costs 1.05% net of a waiver through September 30, 2027 (1.12% gross), above the category median, and the ETFs it holds charge their own fees on top. AOA runs 0.15% net of a waiver through November 30, 2026.
• It can be all in or all out of stocks and may hold leveraged ETFs, so results follow the adviser's timing calls rather than a published benchmark.sec.gov
• A small fund that trades thinly, so the gap between buy and sell prices can run wider than at the category's index-tracking giants.

• 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 BAMO profile⁠

Full INCE profile⁠