INCE vs OCIO

INCEAFranklin Income Equity Focus ETF

OCIOBClearShares OCIO ETF

In short

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.

OCIO Endowment boards hire an outsourced CIO to run the money. OCIO bottles that idea in an ETF: an active, go-anywhere basket of other ETFs that seeks to outperform a plain global 60/40, for 0.65% net of a waiver through September 30, 2027.

Stated mandate

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.

OCIO The Fund seeks to outperform a traditional 60/40 portfolio of global equities and fixed-income investments.

Why people hold it

• 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.

• OCIO Active where the shelf is mostly static: managers can move across global stocks, bonds and other ETFs (roughly 70 positions) instead of riding a fixed allocation.sec.gov
• Adviser Clearbrook runs outsourced-CIO mandates for institutions, and charges the fund a single unified management fee rather than billing expenses piecemeal.sec.gov
• Trading since 2017, so the approach has a real multi-year track record through several rate and equity cycles, not a backtest.
• Sticks closely to its stated job of beating a global 60/40, and sits among the stronger implementations in its allocation peer group. Pays quarterly.

Worth knowing

• 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.

• OCIO 0.65% net of a waiver through September 30, 2027 is above the allocation category median; index-built rivals like AOA run 0.15%, net of a waiver through November 30, 2026.
• Results ride on the manager's calls rather than an index, and as a fund of funds you also carry the costs of the ETFs it holds.sec.gov
• A smaller, thinly traded fund next to the category's giants, so spreads can be wider and limit orders do more work.

Full INCE profile⁠

Full OCIO profile⁠