INCM vs. FDRR ETF Comparison

Comparison of Franklin Income Focus ETF (INCM) to Fidelity Dividend ETF for Rising Rates (FDRR)

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

FDRR

Fidelity Dividend ETF for Rising Rates

FDRR Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Dividend Index for Rising Rates. Normally investing at least 80% of assets in securities included in the Fidelity Dividend Index for Rising Rates and in depository receipts representing securities included in the index. The Fidelity Dividend Index for Rising Rates is designed to reflect the performance of stocks of large and mid-capitalization dividend-paying companies that are expected to continue to pay and grow their dividends and have a positive correlation of returns to increasing 10-year U.S. Treasury yields.

Grade (RS Rating)

Last Trade

$53.29

Average Daily Volume

19,188

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	INCM	FDRR
30 Days	0.27%	1.87%
60 Days	0.52%	4.38%
90 Days	1.34%	5.21%
12 Months	13.81%	31.25%

32 Overlapping Holdings

Symbol	Grade	Weight in INCM	Weight in FDRR	Overlap
ABBV	D	0.74%	1.22%	0.74%
APD	A	0.81%	0.29%	0.29%
BAC	A	1.17%	1.39%	1.17%
C	A	0.01%	0.95%	0.01%
CMCSA	B	0.0%	0.74%	0.0%
COP	C	0.41%	0.43%	0.41%
CSCO	B	0.54%	1.44%	0.54%
CVX	A	1.71%	0.71%	0.71%
DUK	C	1.13%	0.33%	0.33%
EIX	B	0.28%	0.24%	0.24%
HD	A	0.81%	1.37%	0.81%
HON	B	0.86%	0.82%	0.82%
JNJ	D	1.22%	1.35%	1.22%
JPM	A	1.54%	2.11%	1.54%
KO	D	0.75%	0.81%	0.75%
LMT	D	0.9%	0.79%	0.79%
MRK	F	0.01%	0.97%	0.01%
MS	A	0.4%	1.2%	0.4%
MSFT	F	0.15%	6.6%	0.15%
NEE	D	0.51%	0.48%	0.48%
NEE	D	0.47%	0.48%	0.47%
PEP	F	0.75%	0.74%	0.74%
PFE	D	0.69%	0.88%	0.69%
PG	A	1.04%	1.13%	1.04%
PM	B	0.92%	0.89%	0.89%
RTX	C	0.59%	0.92%	0.59%
SBUX	A	0.49%	0.79%	0.49%
SO	D	0.81%	0.36%	0.36%
TFC	A	0.66%	0.85%	0.66%
USB	A	0.81%	0.86%	0.81%
VZ	C	0.74%	0.78%	0.74%
XOM	B	1.51%	1.09%	1.09%

INCM Overweight 10 Positions Relative to FDRR

Symbol	Grade	Weight
ADI	D	0.98%
JCI	C	0.78%
BHP	F	0.76%
TTE	F	0.66%
ALB	C	0.63%
ITW	B	0.56%
MCHP	D	0.45%
BA	F	0.39%
SRE	A	0.3%
XEL	A	0.3%

INCM Underweight 70 Positions Relative to FDRR

Symbol	Grade	Weight
NVDA	C	-8.35%
AAPL	C	-7.22%
AVGO	D	-2.56%
LLY	F	-1.82%
UNH	C	-1.79%
V	A	-1.56%
TXN	C	-1.5%
DELL	C	-1.47%
WFC	A	-1.37%
IBM	C	-1.34%
GS	A	-1.23%
HPQ	B	-1.21%
BX	A	-1.09%
BMY	B	-1.01%
PNC	B	-0.97%
GE	D	-0.96%
LOW	D	-0.95%
CAT	B	-0.94%
GM	B	-0.92%
MCD	D	-0.91%
TJX	A	-0.91%
T	A	-0.88%
CME	A	-0.79%
MAR	B	-0.75%
UNP	C	-0.7%
MO	A	-0.68%
DE	A	-0.68%
TKO	B	-0.68%
BBY	D	-0.67%
FOXA	B	-0.67%
CVS	D	-0.65%
PCAR	B	-0.62%
UPS	C	-0.62%
EA	A	-0.61%
F	C	-0.58%
NKE	D	-0.56%
NWSA	B	-0.55%
LIN	D	-0.54%
OMC	C	-0.53%
NYT	C	-0.5%
TRGP	B	-0.49%
GEV	B	-0.44%
WMG	C	-0.42%
NXST	C	-0.42%
IPG	D	-0.4%
EOG	A	-0.36%
PLD	D	-0.35%
SPG	B	-0.34%
PARA	C	-0.34%
PSA	D	-0.3%
D	C	-0.27%
AEP	D	-0.27%
CCI	D	-0.25%
FCX	D	-0.25%
OHI	C	-0.25%
NEM	D	-0.24%
EXC	C	-0.24%
VICI	C	-0.24%
IP	B	-0.24%
DVN	F	-0.21%
GLPI	C	-0.21%
WY	D	-0.2%
WPC	D	-0.18%
IFF	D	-0.17%
DOW	F	-0.16%
AMCR	D	-0.16%
WBA	F	-0.15%
LYB	F	-0.15%
CIVI	D	-0.15%
MOS	F	-0.12%