Franklin Income Focus ETF (INCM)


Market Price (7/20/2026): $29.03

Franklin Income Focus ETF (INCM)


Market Price (7/20/2026): $29.03

Key Takeaways

  • INCM has returned +6.1% YTD vs +9.3% for SPY; +12.0% over the past 12 months (SPY +19.4%). details →
  • Priced in gold, INCM has returned -34.3% over the past 3 years, vs +33.7% in dollars — its dollar gains have lagged gold. details →
  • Over the past month, INCM has seen net inflows of +$74M (+4.5% of assets). details →
  • INCM is trading within 1.1% of its all-time high. details →
  • Risk-adjusted returns trail SPY: 3-year Sharpe ratio of 0.8 vs 1.0. details →
Last updated: 7/19/2026.

Price Chart

Asset Allocation with INCM

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+5.0%
Volatility
4.8%
Sharpe
0.47
YTD
+4.3%
Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

Learn More →
Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance
Learn More →
Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Top 20 Holdings for INCM

Total Weights
Top 5: 6.8% | Top 10: 12.3% | Top 20: 15.9%

HoldingETF Weight
UBS AG LONDON ELN 07/270.86%
742718109PROCTER & GAMBLE CO/THE1.91%
92343V104VERIZON COMMUNICATIONS IN1.49%
30233Q108EXXONMOBIL HOLDINGS CORP1.34%
166764100CHEVRON CORP1.23%
713448108PEPSICO INC1.18%
26441C204DUKE ENERGY CORP1.17%
233331107DTE ENERGY COMPANY1.17%
641069406NESTLE SA-SPONS ADR1.04%
780259305SHELL PLC-ADR0.94%
771195104ROCHE HOLDINGS LTD-SPONS0.92%
191216100COCA-COLA CO/THE0.92%
46625H100JPMORGAN CHASE 0 1/270.91%
009158106AIR PRODUCTS & CHEMICALS0.85%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
INCM Return--6%7%13%6%36%
Peers Return10%-15%13%11%15%6%43%
S&P 500 Return27%-19%24%23%16%10%101%

Monthly Win Rates [3]
INCM Win Rate--57%75%83%71% 
Peers Win Rate73%35%57%73%88%66% 
S&P 500 Win Rate75%42%67%75%67%57% 

Max Drawdowns [4]
INCM Max Drawdown----4%-8%-3% 
Peers Max Drawdown-3%-21%-8%-5%-9%-6% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: CGBL, AOR, AOA, AOM, AOK.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/17/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker1Y3Y5Y
INCM1.360.800.81
Equity Top Results (3Y)   
NUSC2.472.472.47
IALT2.092.092.09
SPMO1.671.650.98
VLUE2.901.450.74
SMH2.401.410.98

Results as of 6302026.

INCM Dip Buy History


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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

TickerNameDip %Mkt PricePrice DatePeak PricePeak Date# Days
XLGInvesco S&P 500 Top 50 ETF-6.0%60.71719202664.59601202648
MAGSRoundhill Magnificent Seven ETF-5.7%66.91719202670.94514202666
QQQInvesco QQQ Trust, Series 1-6.8%695.337192026746.16602202647
QQQMInvesco NASDAQ 100 ETF-6.8%286.317192026307.23602202647
ONEQFidelity Nasdaq Composite Index ETF-5.9%100.457192026106.70602202647
QQEWFirst Trust Nasdaq-100 Select Equal Weight ETF-5.1%153.547192026161.85601202648
SCHMSchwab U.S. Mid-Cap ETF-5.1%34.99719202636.87630202619
SCHASchwab U.S. Small-Cap ETF-5.8%34.05719202636.13630202619
VUGVanguard Growth ETF-5.5%85.27719202690.19601202648
IWFiShares Russell 1000 Growth ETF-7.3%119.387192026128.77601202648
IVWiShares S&P 500 Growth ETF-5.2%134.267192026141.59601202648
SPYGState Street SPDR Portfolio S&P 500 Growth ETF-5.2%116.257192026122.60601202648
VONGVanguard Russell 1000 Growth ETF-7.1%122.957192026132.35601202648
MGKVanguard Mega Cap Growth ETF-5.6%86.83719202691.97601202648
AKREAkre Focus ETF-11.2%56.18719202663.281192026181
IWPiShares Russell Mid-Cap Growth ETF-6.0%137.597192026146.41630202619
VBKVanguard Small-Cap Growth ETF-5.8%344.587192026365.70630202619
COROiShares International Country Rotation Active ETF-5.5%35.28719202637.32622202627
VSSVanguard FTSE All-World EX-US Small-Cap Index Fund-6.8%150.737192026161.79511202669
SCHCSchwab International Small-Cap Equity ETF-7.3%47.79719202651.543012026140
IEMGiShares Core MSCI Emerging Markets ETF-10.5%76.98719202686.00622202627
VWOVanguard FTSE Emerging Markets ETF-5.6%57.84719202661.24622202627
EEMiShares MSCI Emerging Markets ETF-11.1%63.29719202671.21622202627
SPEMState Street SPDR Portfolio Emerging Markets ETF-6.0%50.19719202653.39602202647
SCHESchwab Emerging Markets Equity ETF-5.0%35.36719202637.24622202627
FNDESchwab Fundamental Emerging Markets Equity ETF-5.3%40.12719202642.35602202647
ASHRXtrackers Harvest CSI 300 China A-Shares ETF-9.8%33.63719202637.30622202627
EWYiShares MSCI South Korea ETF-25.8%162.547192026219.20621202628
EWZiShares MSCI Brazil ETF-15.6%35.23719202641.73414202696
FXIiShares China Large-Cap ETF-16.3%34.13719202640.781292026171
ILFiShares Latin America 40 ETF-10.6%34.07719202638.10414202696
KWEBKraneShares CSI China Internet ETF-26.1%26.81719202636.291292026171
QQQINEOS Nasdaq 100 High Income ETF-6.0%54.21719202657.69602202647
MTUMiShares MSCI USA Momentum Factor ETF-12.5%302.097192026345.22622202627
SPHQInvesco S&P 500 Quality ETF-5.9%84.78719202690.10630202619
SPMOInvesco S&P 500 Momentum ETF-11.0%143.897192026161.66622202627
VLUEiShares MSCI USA Value Factor ETF-7.4%189.357192026204.59625202624
ARKKARK Innovation ETF-10.1%75.20719202683.61706202613
URAGlobal X Uranium ETF-37.3%38.73719202661.811282026172
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-17.4%34.40719202641.63513202667
ROBOROBO Global Robotics & Automation Index ETF-13.8%77.89719202690.34602202647
LITGlobal X Lithium & Battery Tech ETF-25.4%68.38719202691.62511202669
ICLNiShares Global Clean Energy ETF-22.7%18.37719202623.75602202647
ARKQARK Autonomous Technology & Robotics ETF-19.2%116.147192026143.82528202652
ARKWARK Next Generation Internet ETF-8.1%141.767192026154.18601202648
ARKXARK Space & Defense Innovation ETF-19.7%30.30719202637.74528202652
NASATema Space Innovators ETF-45.1%22.99719202641.89527202653
XOVREntrepreneurShares Series Trust ERShares Private-Public Crossover ETF-9.6%19.30719202621.34706202613
AGIXKraneShares Artificial Intelligence ETF-13.8%42.56719202649.40601202648
GDEWisdomTree Efficient Gold Plus Equity Strategy Fund-13.4%60.94719202670.39511202669
RAAXVanEck Real Assets ETF-7.9%39.33719202642.70511202669
VGTVanguard Information Technology ETF-10.0%113.107192026125.62602202647
XLKState Street Technology Select Sector SPDR ETF-11.4%175.597192026198.21602202647
XLEState Street Energy Select Sector SPDR ETF-7.8%57.68719202662.563292026112
XLCState Street Communication Services Select Sector SPDR ETF-7.6%110.657192026119.702012026168
XLYState Street Consumer Discretionary Select Sector SPDR ETF-6.1%115.447192026122.881252026175
XLBState Street Materials Select Sector SPDR ETF-5.3%50.53719202653.382112026158
IYMiShares U.S. Basic Materials ETF-8.0%173.947192026189.083022026139
FXNFirst Trust Energy AlphaDEX Fund-7.9%21.36719202623.183292026112
SMHVanEck Semiconductor ETF-16.8%556.537192026668.91622202627
SOXXiShares Semiconductor ETF-20.3%521.817192026655.01622202627
XBIState Street SPDR S&P Biotech ETF-6.1%154.267192026164.28709202610
ITAiShares U.S. Aerospace & Defense ETF-8.0%230.737192026250.78706202613
XOPState Street SPDR S&P Oil & Gas Exploration & Production ETF-9.6%170.187192026188.183292026112
IGViShares Expanded Tech-Software Sector ETF-13.8%92.807192026107.70601202648
MISLFirst Trust Indxx Aerospace & Defense ETF-16.6%42.53719202650.981192026181
RINGiShares MSCI Global Gold Miners ETF-38.7%60.92719202699.423012026140
SOXQInvesco PHLX Semiconductor ETF-20.2%91.867192026115.11622202627
BWXState Street SPDR Bloomberg International Treasury Bond ETF-5.8%21.56719202622.902162026153
IGOViShares International Treasury Bond ETF-5.2%40.77719202642.993012026140
TLTiShares 20+ Year Treasury Bond ETF-5.5%84.52719202689.483012026140
SPTLState Street SPDR Portfolio Long Term Treasury ETF-5.0%25.73719202627.093012026140
EDVVanguard World Funds Extended Duration ETF-7.8%62.18719202667.423012026140
PDBCInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF-8.8%17.25719202618.91512202668
DBCInvesco DB Commodity Index Tracking Fund-8.6%28.98719202631.69512202668
COMTiShares GSCI Commodity Dynamic Roll Strategy ETF-10.6%32.66719202636.53519202661
GSGiShares GSCI Commodity-5.8%30.01719202631.853182026123
BCIabrdn Bloomberg All Commodity Strategy K-1 Free ETF-8.1%23.81719202625.91512202668
FTGCFirst Trust Global Tactical Commodity Strategy Fund-5.6%28.83719202630.53512202668
GLDSPDR Gold Trust-25.7%368.417192026495.901292026171
IAUiShares Gold Trust-25.7%75.507192026101.571292026171
GLDMSPDR Gold MiniShares Trust-25.6%79.457192026106.771292026171
SGOLETFS Physical Swiss Gold Shares-13.1%44.66719202651.411292026171
BARDirexion Daily Gold Bull 3X Shares-16.6%44.34719202653.161292026171
SLViShares Silver Trust-51.9%50.787192026105.601282026172
SIVRETFS Physical Silver Shares Trust ETF-24.8%83.397192026110.871282026172
PPLTETFS Physical Platinum Shares-42.5%14.50719202625.231252026175
CPERUnited States Copper Index Fund ETV-13.9%33.33719202638.711292026171
PALLETFS Physical Palladium Shares-38.9%22.70719202637.181282026172
USOUnited States Oil Fund LP-19.0%123.967192026152.96519202661
UNGUnited States Natural Gas Fund LP-37.8%10.51719202616.902012026168
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85719202660.13504202676
IBITiShares Bitcoin Trust ETF-33.0%36.35719202654.241192026181
FBTCFidelity Wise Origin Bitcoin Fund-32.9%55.82719202683.231192026181
GBTCGrayscale Bitcoin Trust ETF-17.1%61.84719202674.581192026181
ETHAiShares Ethereum Trust ETF-44.1%13.91719202624.881192026181

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-07-17

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$59.8B), followed by Bond (+$25.9B), while Commodity (−$4.0B) and Crypto (−$2.5B) saw the largest outflows.
  • Within the mix, money rotated into US Large Cap Core (+$25.0B) and out of US Mid Cap Core (−$4.6B).
  • Relative to fund size, DRAM drew the largest inflow (+40.7% of AUM) and VLUE the largest outflow (−51.2%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core+$39.9B+4.5%
2SPYState Street SPDR S&P 500 ETFEquity US Large Cap Core+$12.69B+1.6%
3DRAMRoundhill Memory ETFOther+$9.8B+40.7%
4SOXXiShares Semiconductor ETFEquity Industry Subsector+$9.8B+21.4%
5SPYMState Street SPDR Portfolio S&P 500 ETFEquity US Large Cap Core+$9.42B+6.0%
6VXUSVanguard Total International Stock ETFEquity International Broad+$4.44B+2.9%
7AVLVAvantis U.S. Large Cap Value ETFOther+$3.92B+23.4%
8RSPInvesco S&P 500 Equal Weight ETFEquity Factor Smart Beta+$3.62B+3.8%
9SGOViShares 0-3 Month Treasury Bond ETFCash+$3.56B+3.7%
10LQDiShares iBoxx $ Investment Grade Corporate Bond ETFBond Intermediate Corporate+$3.51B+10.1%
Largest outflows
#TickerNameTypeNet flow% of AUM
1VOOVanguard S&P 500 ETFEquity US Large Cap Core-$36.57B-3.7%
2VLUEiShares MSCI USA Value Factor ETFEquity Factor Smart Beta-$5.06B-51.2%
3VOVanguard Mid-Cap ETFEquity US Mid Cap Core-$4.24B-4.0%
4COWZPacer US Cash Cows 100 ETFEquity Factor Smart Beta-$3.08B-17.2%
5IQMMProShares - GENIUS Money Market ETFOther-$2.97B-14.5%
6VBVanguard Small-Cap ETFEquity US Small Cap Core-$2.82B-3.5%
7GLDSPDR Gold SharesCommodity Gold-$2.77B-2.1%
8VXFVanguard Extended Market ETFOther-$2.61B-8.4%
9VTVVanguard Value ETFEquity US Large Value-$2.36B-1.3%
10FDLFirst Trust Morningstar Dividend Leaders Index FundOther-$1.86B-25.0%

Largest ETF fund flows across ~2563 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About INCM

0Holdings Count: 383
Expense Ratio: 0.38%
Inception Date: 2023-06-06
Franklin Income Focus ETF
INCM seeks high current income by investing in a broad, multi-asset portfolio using a dynamic allocation approach that adapts to changing market conditions. The portfolio includes dividend-yielding stocks, convertible preferred securities, secured and unsecured bonds, senior floating rate loans, mortgage-backed securities, debentures, and shorter-term instruments. The fund may hold up to 30% of its assets in equity index-linked notes and up to 25% in junk bonds. It may invest up to 25% in foreign issuers. Investments in bonds may include both US and foreign corporate and government debt. In selecting investments, the fund adviser utilizes a bottom-up, value-oriented, long-term approach focusing on price relative to long-term earnings, asset value, and cash flow potential. The adviser has full discretion to buy, hold, or sell securities at any time. The fund may utilize a variety of derivatives to enhance returns, increase liquidity, gain exposure, and hedge risks.
Asset Class: Multi-Asset | ETF Website

Recent Active Movers

Peer Comparisons

Peers to compare with:

Profile

INCMCGBLAORAOAAOMAOKMedian
NameFranklin I.Capital Gr.RUA Life S.iShares Co.iShares Co.iShares Co. 
Asset ClassEquityEquityEquityEquityEquityEquity-
AUM ($ Bil)1.77.03.73.21.80.82.5
Expense Ratio0.38%0.33%0.20%0.19%0.20%0.20%0.20%
10-D Avg Volume (Mil)0.371.870.320.110.150.190.25
Latest Day Volume (Mil)0.351.410.210.080.100.190.20
Holdings Count3837477777
Inception Date6/6/20239/26/202311/4/200811/4/200811/4/200811/4/2008-

Fundamentals

INCMCGBLAORAOAAOMAOKMedian
NameFranklin I.Capital Gr.RUA Life S.iShares Co.iShares Co.iShares Co. 
Net Asset Value28.9837.3268.7396.8349.2841.11-
Premium/Discount0.3%-0.3%-0.5%-0.4%-0.3%-0.2%-0.3%
Distribution Yield5.2%1.9%2.6%2.1%3.1%3.4%2.8%
Sales Yield-------
Earnings Yield-------

Valuation

INCMCGBLAORAOAAOMAOKMedian
NameFranklin I.Capital Gr.RUA Life S.iShares Co.iShares Co.iShares Co. 
P/S (TTM)-------
P/E (TTM)-------
P/FCF (TTM)-------
Forward P/E-------
Forward P/S-------

Risk

INCMCGBLAORAOAAOMAOKMedian
NameFranklin I.Capital Gr.RUA Life S.iShares Co.iShares Co.iShares Co. 
Volatility (1Y)5.5%10.3%9.0%11.3%7.0%5.9%8.0%
Volatility (3Y)7.3%11.1%9.4%11.8%7.4%6.4%8.4%
Volatility (5Y)7.3%11.1%10.6%13.1%8.2%7.1%9.4%
Beta (1Y)0.270.750.670.850.490.400.58
Beta (3Y)0.340.680.580.750.420.330.50
Beta (5Y)0.340.680.580.740.420.330.50
Sharpe Ratio (1Y)2.111.181.501.521.451.531.51
Sharpe Ratio (3Y)1.391.491.301.291.291.301.30
Sharpe Ratio (5Y)1.401.490.640.690.550.490.66
Max Drawdown (1Y)-3.2%-7.9%-6.6%-8.2%-5.1%-4.5%-5.9%
Max Drawdown (3Y)-7.8%-11.7%-9.8%-12.9%-6.9%-6.4%-8.8%
Max Drawdown (5Y)-7.8%-11.7%-21.7%-23.6%-20.0%-18.9%-19.4%

Returns

INCMCGBLAORAOAAOMAOKMedian
NameFranklin I.Capital Gr.RUA Life S.iShares Co.iShares Co.iShares Co. 
1M Return-1.1%-1.9%-1.8%-1.7%-1.6%-1.2%-1.7%
3M Return0.3%2.3%1.9%3.2%0.9%0.9%1.4%
6M Return3.8%3.3%4.0%6.0%2.4%2.0%3.5%
YTD Return6.1%5.7%5.7%8.1%3.6%3.4%5.7%
1Y Return12.2%12.4%14.0%18.1%10.5%9.4%12.3%
2Y Return22.4%26.4%24.9%31.2%18.8%16.7%23.6%
3Y Return34.7%-42.8%54.6%32.4%27.8%34.7%

Short Interest

Short Interest: As Of Date6302026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 6152026-40.2%
Average Daily Volume0.4 Mil
Days-to-Cover Short Interest1