INCE vs. LTL ETF Comparison

Comparison of Franklin Income Equity Focus ETF (INCE) to ProShares Ultra Telecommunications ProShares (LTL)

INCE

Franklin Income Equity Focus ETF

INCE Description

Under normal marketing conditions, the fund will invest at least 80% of its net assets in equity securities, and in derivatives and other instruments that have economic characteristics and provide investment exposure similar to equity securities.

Grade (RS Rating)

Last Trade

$58.80

Average Daily Volume

6,895

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LTL

ProShares Ultra Telecommunications ProShares

LTL Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Select TelecommunicationsSM Index. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index is a measure of U.S. stock market performance of fixed line (regional and long-distance carriers) and mobile telephone services (cellular, satellite and paging services). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$84.24

Average Daily Volume

2,861

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	INCE	LTL
30 Days	0.46%	14.49%
60 Days	2.02%	17.58%
90 Days	3.59%	20.86%
12 Months	18.90%	72.67%

1 Overlapping Holdings

	Symbol	Grade	Weight in INCE	Weight in LTL	Overlap
	VZ	C	2.85%	2.84%	2.84%

INCE Overweight 44 Positions Relative to LTL

Symbol	Grade	Weight
SO	D	3.06%
JNJ	D	2.87%
CVX	A	2.86%
LMT	D	2.23%
JCI	C	2.19%
APD	A	1.97%
PG	A	1.93%
PEP	F	1.78%
RIO	D	1.64%
HD	A	1.64%
XOM	B	1.58%
SCHW	B	1.48%
JPM	A	1.48%
MS	A	1.47%
RTX	C	1.43%
UNP	C	1.42%
LOW	D	1.37%
ADI	D	1.31%
MET	A	1.29%
TXN	C	1.25%
PM	B	1.23%
MCD	D	1.17%
USB	A	1.15%
SBUX	A	1.15%
TTE	F	1.14%
CSCO	B	1.13%
HON	B	1.1%
GM	B	1.09%
SRE	A	1.08%
BAC	A	1.04%
NOC	D	1.04%
KO	D	0.97%
AEP	D	0.95%
IBM	C	0.92%
NEM	D	0.89%
UPS	C	0.87%
DUK	C	0.81%
PNC	B	0.6%
FITB	A	0.59%
MA	C	0.54%
FCX	D	0.51%
ALB	C	0.5%
BA	F	0.42%
C	A	0.0%

INCE Underweight 21 Positions Relative to LTL

Symbol	Grade	Weight
META	D	-13.63%
GOOGL	C	-7.87%
GOOG	C	-6.5%
NFLX	A	-5.0%
DIS	B	-3.75%
TTWO	A	-3.52%
TMUS	B	-3.5%
CHTR	C	-3.39%
EA	A	-3.36%
CMCSA	B	-3.25%
T	A	-3.18%
WBD	C	-2.49%
LYV	A	-2.45%
OMC	C	-2.27%
NWSA	B	-1.28%
IPG	D	-1.22%
FOXA	B	-1.2%
MTCH	D	-0.93%
PARA	C	-0.74%
FOX	A	-0.66%
NWS	B	-0.42%