INCM vs. FBCV ETF Comparison

Comparison of Franklin Income Focus ETF (INCM) to Fidelity Blue Chip Value ETF (FBCV)

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

$26.75

Average Daily Volume

140,376

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FBCV

Fidelity Blue Chip Value ETF

FBCV Description

The investment seeks long-term growth of capital. Normally the fund invests at least 80% of assets in blue chip companies (companies that, in Fidelity Management & Research Company LLC's (FMR) view, are well-known, well-established and well-capitalized), which generally have large or medium market capitalizations. It invests in companies that manager believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called "value" stocks). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.05

Average Daily Volume

10,872

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	INCM	FBCV
30 Days	-1.42%	-0.38%
60 Days	-0.11%	2.33%
90 Days	1.50%	4.92%
12 Months	13.58%	20.96%

18 Overlapping Holdings

Symbol	Grade	Weight in INCM	Weight in FBCV	Overlap
BAC	A	1.15%	2.36%	1.15%
CMCSA	B	0.0%	2.85%	0.0%
CSCO	B	0.52%	2.17%	0.52%
CVS	F	0.47%	1.27%	0.47%
EIX	C	0.28%	1.5%	0.28%
JCI	A	0.74%	0.76%	0.74%
JNJ	D	1.25%	1.78%	1.25%
JPM	A	1.57%	3.47%	1.57%
KO	D	0.76%	1.38%	0.76%
LMT	D	0.89%	1.24%	0.89%
MRK	F	0.01%	0.87%	0.01%
NEE	C	0.51%	0.67%	0.51%
NEE	C	0.47%	0.67%	0.47%
PG	C	1.0%	1.26%	1.0%
SO	C	0.81%	0.38%	0.38%
SRE	A	0.28%	0.83%	0.28%
USB	B	0.81%	0.87%	0.81%
XOM	B	1.52%	4.38%	1.52%

INCM Overweight 26 Positions Relative to FBCV

Symbol	Grade	Weight
CVX	A	1.7%
DUK	C	1.15%
ADI	D	1.04%
PM	A	0.92%
ABBV	F	0.88%
BHP	F	0.81%
HON	A	0.8%
APD	A	0.79%
HD	A	0.77%
PEP	F	0.75%
VZ	C	0.73%
PFE	F	0.71%
TTE	F	0.68%
TFC	A	0.67%
RTX	D	0.57%
ALB	C	0.56%
ITW	B	0.56%
MCHP	F	0.49%
SBUX	A	0.47%
COP	C	0.42%
BA	F	0.41%
MS	A	0.39%
XEL	A	0.29%
SLB	C	0.25%
MSFT	D	0.15%
C	A	0.01%

INCM Underweight 66 Positions Relative to FBCV

Symbol	Grade	Weight
UNH	B	-2.81%
TRV	A	-2.81%
CI	D	-2.77%
BRK.A	A	-2.65%
PCG	A	-2.45%
DIS	A	-2.37%
CNC	F	-2.14%
DE	D	-2.03%
KVUE	A	-1.98%
AZN	F	-1.83%
CB	C	-1.75%
BMY	B	-1.7%
HRB	D	-1.7%
WFC	A	-1.64%
NOC	D	-1.38%
ELV	F	-1.36%
CTSH	B	-1.35%
GEN	B	-1.35%
PNC	A	-1.33%
WTW	B	-1.23%
KDP	D	-1.2%
GILD	B	-1.13%
DOX	D	-1.13%
NGG	D	-1.11%
PNR	A	-1.1%
LOW	A	-1.06%
USFD	B	-1.0%
CF	A	-0.99%
HLN	D	-0.98%
ROST	D	-0.97%
MTB	A	-0.96%
FDX	A	-0.91%
NTRS	A	-0.86%
APO	A	-0.77%
CCI	D	-0.76%
CCEP	D	-0.74%
MDLZ	F	-0.74%
CCK	D	-0.73%
TSN	A	-0.72%
RRX	B	-0.69%
EQNR	D	-0.66%
LHX	B	-0.64%
BJ	B	-0.63%
DEO	F	-0.62%
MMS	D	-0.59%
AES	F	-0.56%
MU	D	-0.5%
OXY	F	-0.49%
SPG	A	-0.45%
CMI	A	-0.41%
MUSA	A	-0.39%
CHRW	A	-0.38%
G	A	-0.32%
TPR	A	-0.31%
ALSN	B	-0.3%
SNY	D	-0.3%
OVV	C	-0.28%
OTEX	F	-0.28%
GEV	A	-0.26%
BNTX	D	-0.26%
CFR	A	-0.21%
OSK	C	-0.16%
NXPI	F	-0.15%
AVGO	C	-0.14%
AR	B	-0.12%
ULTA	D	-0.1%