INCE vs. TGLR ETF Comparison

Comparison of Franklin Income Equity Focus ETF (INCE) to LAFFER TENGLER Equity Income ETF (TGLR)

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

TGLR

LAFFER TENGLER Equity Income ETF

TGLR Description

TGLR aims to provide long-term capital appreciation by actively selecting between 25-35 US large-cap stocks. The stocks selected are expected to produce above-market dividend yield with low turnover. The strategy is based on two valuation metrics the sub-adviser believes to be consistent indicators of company value: relative dividend yield and relative price-to-sales ratio. The metrics help determine over- and under valuation, security by security. The sub-adviser then conducts proprietary fundamental factor research to identify stocks for portfolio selection. The research considers both qualitative and quantitative factors such as: catalyst for outperformance, franchise value and market growth, firm management, sales or revenue growth, margins, positive free cash flow, dividend growth, P/E, asset turnover, leverage, and risk. The primary indicator for a stock sell is when the stocks dividend yield is lower than the S&P 500 Index, a sell range is determined.

Grade (RS Rating)

Last Trade

$30.88

Average Daily Volume

2,371

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	INCE	TGLR
30 Days	0.46%	3.29%
60 Days	2.02%	4.83%
90 Days	3.59%	7.46%
12 Months	18.90%	30.96%

9 Overlapping Holdings

Symbol	Grade	Weight in INCE	Weight in TGLR	Overlap
CVX	A	2.86%	3.15%	2.86%
HD	A	1.64%	4.15%	1.64%
JNJ	D	2.87%	2.82%	2.82%
JPM	A	1.48%	4.48%	1.48%
MCD	D	1.17%	3.87%	1.17%
PEP	F	1.78%	2.16%	1.78%
RTX	C	1.43%	3.65%	1.43%
SBUX	A	1.15%	2.89%	1.15%
TXN	C	1.25%	3.26%	1.25%

INCE Overweight 36 Positions Relative to TGLR

Symbol	Grade	Weight
SO	D	3.06%
VZ	C	2.85%
LMT	D	2.23%
JCI	C	2.19%
APD	A	1.97%
PG	A	1.93%
RIO	D	1.64%
XOM	B	1.58%
SCHW	B	1.48%
MS	A	1.47%
UNP	C	1.42%
LOW	D	1.37%
ADI	D	1.31%
MET	A	1.29%
PM	B	1.23%
USB	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 20 Positions Relative to TGLR

Symbol	Grade	Weight
ORCL	B	-6.11%
AXP	A	-4.89%
AVGO	D	-4.51%
WMT	A	-4.46%
MSFT	F	-4.27%
CARR	D	-4.14%
GS	A	-3.92%
ABBV	D	-3.64%
EMR	A	-3.14%
LHX	C	-3.04%
STLD	B	-2.8%
EOG	A	-2.77%
GOOGL	C	-2.56%
DELL	C	-2.52%
NXPI	D	-2.51%
AAPL	C	-2.41%
LRCX	F	-2.33%
PLD	D	-2.27%
MDT	D	-2.05%
NEE	D	-1.71%