INCM vs. FDLO ETF Comparison

Comparison of Franklin Income Focus ETF (INCM) to Fidelity Low Volatility Factor ETF (FDLO)

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

$26.99

Average Daily Volume

143,711

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDLO

Fidelity Low Volatility Factor ETF

FDLO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Low Volatility Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Low Volatility Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$61.98

Average Daily Volume

74,193

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	INCM	FDLO
30 Days	0.27%	0.81%
60 Days	0.52%	1.49%
90 Days	1.34%	4.05%
12 Months	13.81%	21.68%

24 Overlapping Holdings

Symbol	Grade	Weight in INCM	Weight in FDLO	Overlap
ABBV	D	0.74%	0.98%	0.74%
APD	A	0.81%	0.27%	0.27%
CMCSA	B	0.0%	0.95%	0.0%
COP	C	0.41%	0.41%	0.41%
CSCO	B	0.54%	1.77%	0.54%
CVX	A	1.71%	0.69%	0.69%
DUK	C	1.13%	0.35%	0.35%
HD	A	0.81%	1.19%	0.81%
HON	B	0.86%	0.7%	0.7%
ITW	B	0.56%	0.56%	0.56%
JNJ	D	1.22%	1.18%	1.18%
JPM	A	1.54%	1.89%	1.54%
KO	D	0.75%	0.66%	0.66%
LMT	D	0.9%	0.58%	0.58%
MRK	F	0.01%	0.88%	0.01%
MSFT	F	0.15%	6.93%	0.15%
PEP	F	0.75%	0.62%	0.62%
PG	A	1.04%	0.99%	0.99%
PM	B	0.92%	0.62%	0.62%
SBUX	A	0.49%	0.7%	0.49%
SO	D	0.81%	0.37%	0.37%
VZ	C	0.74%	0.93%	0.74%
XEL	A	0.3%	0.3%	0.3%
XOM	B	1.51%	1.17%	1.17%

INCM Overweight 18 Positions Relative to FDLO

Symbol	Grade	Weight
BAC	A	1.17%
ADI	D	0.98%
USB	A	0.81%
JCI	C	0.78%
BHP	F	0.76%
PFE	D	0.69%
TTE	F	0.66%
TFC	A	0.66%
ALB	C	0.63%
RTX	C	0.59%
NEE	D	0.51%
NEE	D	0.47%
MCHP	D	0.45%
MS	A	0.4%
BA	F	0.39%
SRE	A	0.3%
EIX	B	0.28%
C	A	0.01%

INCM Underweight 101 Positions Relative to FDLO

Symbol	Grade	Weight
AAPL	C	-7.26%
GOOGL	C	-4.12%
AMZN	C	-3.92%
BRK.A	B	-2.13%
ORCL	B	-2.01%
ACN	C	-1.6%
LLY	F	-1.57%
UNH	C	-1.55%
IBM	C	-1.54%
MSI	B	-1.49%
TXN	C	-1.48%
V	A	-1.47%
MA	C	-1.34%
ROP	B	-1.21%
TYL	B	-1.19%
VRSN	F	-1.08%
DOX	D	-1.08%
AKAM	D	-1.03%
T	A	-0.99%
TMUS	B	-0.97%
WMT	A	-0.95%
ABT	B	-0.9%
PGR	A	-0.84%
MCD	D	-0.8%
TMO	F	-0.78%
EA	A	-0.72%
CB	C	-0.72%
ETN	A	-0.72%
LOW	D	-0.71%
AMGN	D	-0.71%
VRTX	F	-0.69%
TRV	B	-0.69%
CME	A	-0.69%
MMC	B	-0.67%
ADP	B	-0.66%
TJX	A	-0.65%
UNP	C	-0.63%
AJG	B	-0.61%
AIZ	A	-0.61%
BDX	F	-0.6%
FDS	B	-0.59%
WRB	A	-0.56%
NKE	D	-0.56%
WM	A	-0.55%
CBOE	B	-0.55%
FAST	B	-0.54%
LIN	D	-0.53%
ORLY	B	-0.53%
JKHY	D	-0.51%
PAYX	C	-0.51%
GRMN	B	-0.51%
REGN	F	-0.5%
NOC	D	-0.5%
GD	F	-0.49%
LHX	C	-0.49%
OTIS	C	-0.47%
AZO	C	-0.47%
RSG	A	-0.47%
TSCO	D	-0.46%
ERIE	D	-0.45%
BAH	F	-0.43%
J	F	-0.39%
MDLZ	F	-0.37%
CL	D	-0.35%
WMB	A	-0.34%
FCN	D	-0.34%
EOG	A	-0.32%
EQIX	A	-0.31%
SHW	A	-0.3%
KMB	D	-0.3%
KMI	A	-0.3%
HII	D	-0.29%
AMT	D	-0.29%
GIS	D	-0.28%
LNG	B	-0.28%
AEP	D	-0.28%
WEC	A	-0.27%
AEE	A	-0.26%
DLR	B	-0.26%
PSA	D	-0.25%
ED	D	-0.25%
CMS	C	-0.24%
HSY	F	-0.24%
ECL	D	-0.24%
DTM	B	-0.23%
O	D	-0.22%
CCI	D	-0.21%
VMC	B	-0.2%
CTVA	C	-0.2%
PKG	A	-0.19%
MLM	B	-0.19%
CTRA	B	-0.19%
CSGP	D	-0.18%
MAA	B	-0.18%
EQR	B	-0.18%
ADC	B	-0.16%
AMH	D	-0.16%
ELS	C	-0.16%
ATR	B	-0.16%
AMCR	D	-0.15%
AVY	D	-0.14%