INCM vs. DBND ETF Comparison

Comparison of Franklin Income Focus ETF (INCM) to DoubleLine Opportunistic Bond ETF (DBND)

INCM

Franklin Income Focus ETF

INCM Description

Under normal market conditions, the fund invests in a diversified portfolio of debt and equity securities. The fund may invest up to 30% of its assets in equity index-linked notes, with respect to which interest payments are typically derived from the implied volatility of an equity index (e.g., the S&P 500 Index) and 10% of its assets in equity linked notes (ELNs).

Grade (RS Rating)

Last Trade

$26.87

Average Daily Volume

132,190

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DBND

DoubleLine Opportunistic Bond ETF

DBND Description

Under normal circumstances, the Advisor intends to invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in fixed income instruments or other investments with economic characteristics similar to fixed income instruments. It may invest in fixed income instruments of any credit quality, including those that are at the time of investment unrated or rated BB+ or lower by S&P or Ba1 or lower by Moody?s or the equivalent by any other nationally recognized statistical rating organization. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.58

Average Daily Volume

47,543

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	INCM	DBND
30 Days	-0.54%	-1.51%
60 Days	0.71%	-3.15%
90 Days	2.57%	-1.52%
12 Months	16.08%	8.25%

7 Overlapping Holdings

Symbol	Grade	Weight in INCM	Weight in DBND	Overlap
ABBV	D	0.88%	0.61%	0.61%
BA	F	0.41%	0.35%	0.35%
BAC	A	1.15%	0.56%	0.56%
CMCSA	B	0.0%	0.38%	0.0%
CVS	F	0.47%	0.42%	0.42%
JPM	B	1.57%	0.62%	0.62%
SO	D	0.81%	0.36%	0.36%

INCM Overweight 37 Positions Relative to DBND

Symbol	Grade	Weight
CVX	B	1.7%
XOM	B	1.52%
JNJ	F	1.25%
DUK	D	1.15%
ADI	D	1.04%
PG	D	1.0%
PM	C	0.92%
LMT	D	0.89%
BHP	F	0.81%
USB	B	0.81%
HON	B	0.8%
APD	B	0.79%
HD	B	0.77%
KO	F	0.76%
PEP	F	0.75%
JCI	B	0.74%
VZ	D	0.73%
PFE	F	0.71%
TTE	F	0.68%
TFC	A	0.67%
RTX	C	0.57%
ALB	C	0.56%
ITW	B	0.56%
CSCO	A	0.52%
NEE	D	0.51%
MCHP	F	0.49%
NEE	D	0.47%
SBUX	B	0.47%
COP	C	0.42%
MS	A	0.39%
XEL	A	0.29%
EIX	D	0.28%
SRE	A	0.28%
SLB	D	0.25%
MSFT	C	0.15%
C	B	0.01%
MRK	F	0.01%

INCM Underweight 46 Positions Relative to DBND

Symbol	Grade	Weight
UPST	B	-1.79%
COMM	C	-0.77%
BNS	A	-0.68%
GS	B	-0.66%
DLTR	F	-0.59%
DFS	B	-0.49%
T	C	-0.48%
CCI	F	-0.38%
BMO	A	-0.38%
MAR	A	-0.38%
OC	B	-0.37%
NTAP	C	-0.37%
KMI	A	-0.35%
ARCC	B	-0.35%
MO	A	-0.34%
DKS	D	-0.34%
GM	B	-0.34%
SYY	B	-0.33%
RPRX	F	-0.32%
EXPE	B	-0.3%
ORCL	A	-0.3%
WTW	A	-0.29%
HCA	D	-0.29%
CCL	A	-0.26%
AAL	B	-0.19%
COTY	F	-0.19%
PENN	B	-0.19%
PFGC	B	-0.19%
POST	D	-0.18%
PK	B	-0.18%
GFF	C	-0.18%
MODV	D	-0.18%
SPH	B	-0.18%
UAL	A	-0.18%
PCG	A	-0.18%
NRG	B	-0.17%
VSCO	B	-0.17%
CHTR	B	-0.17%
CACC	F	-0.16%
UBER	F	-0.16%
BALY	A	-0.16%
SSP	F	-0.16%
OMI	F	-0.16%
OMF	B	-0.16%
GPOR	B	-0.16%
EXC	D	-0.09%