JPST vs. INCM ETF Comparison

Comparison of JPMorgan Ultra-Short Income ETF (JPST) to Franklin Income Focus ETF (INCM)

JPST

JPMorgan Ultra-Short Income ETF

JPST Description

The investment seeks to provide total return. Under normal circumstances, the fund will invest at least 80% of its assets in bonds. It will invest at least 40% of its assets in countries other than the United States. The fund may invest in developed or emerging markets. It generally invests at least 25% of its assets in securities that, at the time of purchase are rated investment grade or the unrated equivalent. "Assets" means net assets plus the amount of borrowings for investment purposes. The fund may also use currency related transactions involving currency derivatives as part of its primary investment strategy.

Grade (RS Rating)

Last Trade

$50.53

Average Daily Volume

5,313,128

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

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

$27.13

Average Daily Volume

144,157

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	JPST	INCM
30 Days	0.31%	1.16%
60 Days	0.50%	0.97%
90 Days	1.05%	1.79%
12 Months	6.04%	14.59%

18 Overlapping Holdings

Symbol	Grade	Weight in JPST	Weight in INCM	Overlap
ABBV	D	0.04%	0.75%	0.04%
BA	D	0.18%	0.19%	0.18%
BAC	A	0.01%	0.0%	0.0%
C	A	0.01%	0.0%	0.0%
DUK	C	0.08%	1.16%	0.08%
HON	B	0.02%	0.0%	0.0%
IBM	C	0.01%	0.44%	0.01%
MS	B	0.05%	-0.01%	-0.01%
NEE	D	0.03%	0.0%	0.0%
NEE	D	0.03%	0.48%	0.03%
PFE	D	0.01%	0.65%	0.01%
PM	B	0.01%	0.96%	0.01%
SBUX	B	0.06%	0.0%	0.0%
SO	D	0.11%	0.82%	0.11%
TFC	B	0.01%	0.0%	0.0%
USB	A	0.01%	0.81%	0.01%
VZ	B	0.16%	0.76%	0.16%
XOM	C	0.06%	1.53%	0.06%

JPST Overweight 94 Positions Relative to INCM

Symbol	Grade	Weight
CASH	B	2.2%
TMO	F	0.74%
AZN	F	0.57%
EQH	B	0.35%
KDP	D	0.31%
CCEP	B	0.3%
ATO	A	0.3%
MCD	D	0.29%
LDOS	D	0.26%
BXMT	C	0.25%
SNX	C	0.23%
TDY	B	0.22%
HART	D	0.19%
D	C	0.17%
OGS	A	0.17%
ETR	B	0.16%
T	A	0.14%
CNP	A	0.14%
GILD	B	0.13%
DB	D	0.13%
CAG	D	0.13%
AAPL	B	0.12%
WFC	A	0.11%
VTRS	B	0.1%
GM	B	0.1%
FITB	B	0.1%
HUM	C	0.09%
WEC	A	0.09%
MLM	B	0.09%
JBHT	C	0.09%
IFF	D	0.08%
STT	A	0.08%
DT	C	0.08%
CI	D	0.08%
NEM	F	0.08%
KR	A	0.07%
CFG	B	0.07%
BX	B	0.07%
HSBC	B	0.07%
BG	F	0.06%
ACR	A	0.06%
SEB	F	0.06%
AEP	D	0.05%
AL	A	0.05%
BHF	B	0.04%
ORCL	C	0.04%
KKR	B	0.04%
MDLZ	F	0.04%
COF	B	0.04%
PL	B	0.04%
ARES	B	0.03%
CHD	B	0.03%
R	B	0.03%
ROP	B	0.03%
BCC	B	0.03%
BMO	A	0.03%
WLK	D	0.02%
MSC	D	0.02%
ETN	A	0.02%
AZO	C	0.02%
GSK	F	0.02%
DIS	B	0.02%
AER	A	0.02%
BNS	A	0.02%
EPD	B	0.01%
ABT	B	0.01%
ICE	D	0.01%
MCO	A	0.01%
DHR	D	0.01%
CSL	B	0.01%
BMY	B	0.01%
PSX	C	0.01%
SCHW	A	0.01%
PNC	A	0.01%
BK	A	0.01%
UNH	B	0.01%
MMM	D	0.01%
AXP	A	0.01%
CAT	B	0.01%
HBAN	B	0.01%
ES	D	0.01%
JXN	B	0.01%
MET	A	0.01%
UBS	B	0.01%
RY	B	0.01%
DE	B	0.01%
KEY	A	0.01%
MUFG	B	0.01%
GS	B	0.01%
NWG	C	0.01%
TD	F	0.01%
PFG	C	0.01%
CM	A	0.01%
AIG	B	0.01%

JPST Underweight 25 Positions Relative to INCM

Symbol	Grade	Weight
JPM	B	-1.55%
JNJ	D	-1.23%
PEP	F	-1.21%
PG	A	-1.07%
ADI	D	-0.98%
LMT	D	-0.87%
HD	A	-0.81%
KO	D	-0.76%
JCI	C	-0.76%
BHP	F	-0.75%
TTE	F	-0.66%
RTX	D	-0.57%
ITW	A	-0.55%
CSCO	A	-0.52%
MCHP	F	-0.44%
COP	D	-0.41%
XEL	A	-0.31%
EIX	A	-0.3%
SRE	A	-0.3%
MSFT	D	-0.22%
MRK	F	-0.01%
CVX	B	-0.0%
CMCSA	C	-0.0%
ALB	C	--0.01%
APD	A	--0.01%