Franklin Income Focus ETF (INCM)

Market Price (7/18/2026): $29.08

Franklin Income Focus ETF (INCM)

Market Price (7/18/2026): $29.08

Key Takeaways

INCM has returned +6.1% YTD vs +9.3% for SPY; +11.9% over the past 12 months (SPY +19.4%). details →
Priced in gold, INCM has returned -34.0% over the past 3 years, vs +34.1% in dollars — its dollar gains have lagged gold. details →
Over the past month, INCM has seen net inflows of +$80M (+4.9% 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: 7/17/2026.

Price Chart

ETF Price
Price/Gold

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.

	ETF	%	1D	1W	1M	YTD
Equity	INCM	25.0%	-0.2%	-0.1%	-1.1%	6.1%
Bond	BND	50.0%	0.1%	0.1%	-0.4%	0.3%
Gold	GLD	10.0%	0.9%	-2.3%	-7.3%	-7.0%
Commodity	DBC	2.5%	1.8%	5.3%	3.9%	29.6%
Real Estate	VNQ	5.0%	-0.0%	2.8%	2.9%	15.2%
Bitcoin	BTCUSD	0.0%	0.1%	-0.4%	-2.7%	-27.0%
Cash	GOVT	7.5%	0.1%	0.2%	-0.6%	-0.2%
Conservative Portfolio		100.0%	0.1%	0.1%	-1.0%	2.5%

	ETF	%	1D	1W	1M	YTD
Equity	INCM	55.0%	-0.2%	-0.1%	-1.1%	6.1%
Bond	BND	25.0%	0.1%	0.1%	-0.4%	0.3%
Gold	GLD	7.0%	0.9%	-2.3%	-7.3%	-7.0%
Commodity	DBC	4.0%	1.8%	5.3%	3.9%	29.6%
Real Estate	VNQ	5.0%	-0.0%	2.8%	2.9%	15.2%
Bitcoin	BTCUSD	2.0%	0.1%	-0.4%	-2.7%	-27.0%
Cash	GOVT	2.0%	0.1%	0.2%	-0.6%	-0.2%
Moderate Portfolio		100.0%	0.1%	0.1%	-1.0%	4.3%

	ETF	%	1D	1W	1M	YTD
Equity	INCM	80.0%	-0.2%	-0.1%	-1.1%	6.1%
Bond	BND	5.0%	0.1%	0.1%	-0.4%	0.3%
Gold	GLD	3.0%	0.9%	-2.3%	-7.3%	-7.0%
Commodity	DBC	2.2%	1.8%	5.3%	3.9%	29.6%
Real Estate	VNQ	4.5%	-0.0%	2.8%	2.9%	15.2%
Bitcoin	BTCUSD	5.2%	0.1%	-0.4%	-2.7%	-27.0%
Cash	GOVT	0.0%	0.1%	0.2%	-0.6%	-0.2%
Aggressive Portfolio		100.0%	-0.1%	0.0%	-1.0%	4.6%

	ETF	%	Return	Volatility	Sharpe
Equity	INCM	25.0%	0.0%	4.3%	0.08
Bond	BND	50.0%	1.4%	5.1%	-0.24
Gold	GLD	10.0%	11.0%	15.1%	0.58
Commodity	DBC	2.5%	7.0%	17.2%	0.30
Real Estate	VNQ	5.0%	5.3%	17.8%	0.25
Bitcoin	BTCUSD	0.0%	58.4%	76.3%	0.92
Cash	GOVT	7.5%	0.3%	4.9%	-0.47
Conservative Portfolio		100.0%	3.2%	4.9%	0.10

	ETF	%	Return	Volatility	Sharpe
Equity	INCM	55.0%	0.0%	4.3%	0.08
Bond	BND	25.0%	1.4%	5.1%	-0.24
Gold	GLD	7.0%	11.0%	15.1%	0.58
Commodity	DBC	4.0%	7.0%	17.2%	0.30
Real Estate	VNQ	5.0%	5.3%	17.8%	0.25
Bitcoin	BTCUSD	2.0%	58.4%	76.3%	0.92
Cash	GOVT	2.0%	0.3%	4.9%	-0.47
Moderate Portfolio		100.0%	5.0%	4.8%	0.47

	ETF	%	Return	Volatility	Sharpe
Equity	INCM	80.0%	0.0%	4.3%	0.08
Bond	BND	5.0%	1.4%	5.1%	-0.24
Gold	GLD	3.0%	11.0%	15.1%	0.58
Commodity	DBC	2.2%	7.0%	17.2%	0.30
Real Estate	VNQ	4.5%	5.3%	17.8%	0.25
Bitcoin	BTCUSD	5.2%	58.4%	76.3%	0.92
Cash	GOVT	0.0%	0.3%	4.9%	-0.47
Aggressive Portfolio		100.0%	7.3%	6.0%	0.74

Figures are on an annualized basis, based on monthly return data for the last 10 years

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	INCM	25.0%
Bond	BND	50.0%	-14.2%	-2.2%	1.3%
Gold	GLD	10.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.5%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	0.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	7.5%	-12.4%	4.4%	1.6%
Conservative Portfolio		100.0%	-13.0%	-5.4%	0.4%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	INCM	55.0%
Bond	BND	25.0%	-14.2%	-2.2%	1.3%
Gold	GLD	7.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	4.0%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	2.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	2.0%	-12.4%	4.4%	1.6%
Moderate Portfolio		100.0%	-13.6%	-10.2%	-2.9%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	INCM	80.0%
Bond	BND	5.0%	-14.2%	-2.2%	1.3%
Gold	GLD	3.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.2%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	4.5%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	5.2%	-56.0%	-33.5%	-37.4%
Cash	GOVT	0.0%	-12.4%	4.4%	1.6%
Aggressive Portfolio		100.0%	-23.8%	-22.3%	-13.2%

The table shows the return of different asset classes during market crises - specifically during the period where the S&P fell and bottomed

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%

	Holding	ETF Weight
	UBS AG LONDON ELN 07/27	0.86%
742718109	PROCTER & GAMBLE CO/THE	1.91%
92343V104	VERIZON COMMUNICATIONS IN	1.49%
30233Q108	EXXONMOBIL HOLDINGS CORP	1.34%
166764100	CHEVRON CORP	1.23%
713448108	PEPSICO INC	1.18%
26441C204	DUKE ENERGY CORP	1.17%
233331107	DTE ENERGY COMPANY	1.17%
641069406	NESTLE SA-SPONS ADR	1.04%
780259305	SHELL PLC-ADR	0.94%
771195104	ROCHE HOLDINGS LTD-SPONS	0.92%
191216100	COCA-COLA CO/THE	0.92%
46625H100	JPMORGAN CHASE 0 1/27	0.91%
009158106	AIR PRODUCTS & CHEMICALS	0.85%

Performance for INCM Top Holdings

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Guidance Updates for INCM Top Holdings

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Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
INCM Return	-	-	6%	7%	13%	6%	36%
Peers Return	10%	-15%	13%	11%	15%	6%	43%
S&P 500 Return	27%	-19%	24%	23%	16%	10%	101%
Monthly Win Rates [3]
INCM Win Rate	-	-	57%	75%	83%	71%
Peers Win Rate	73%	35%	57%	73%	88%	66%
S&P 500 Win Rate	75%	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.

Ticker	1Y	3Y	5Y
INCM	1.36	0.80	0.81
Equity Top Results (3Y)
NUSC	2.47	2.47	2.47
IALT	2.09	2.09	2.09
SPMO	1.67	1.65	0.98
VLUE	2.90	1.45	0.74
SMH	2.40	1.41	0.98

Results as of 6302026.

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Compare to CGBL, AOR, AOA, AOM, AOK

In The Past

Franklin Income Focus ETF's stock fell -7.2% during the 2025 US Tariff Shock. Such a loss loss requires a 7.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

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Compare to CGBL, AOR, AOA, AOM, AOK

In The Past

Franklin Income Focus ETF's stock fell -7.2% during the 2025 US Tariff Shock. Such a loss loss requires a 7.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

INCM Dip Buy History

INCM had 1 events since 6/8/2023 where the dip threshold of -5.0% within 60 days was triggered

21% median peak return within 1 year of dip event
364 days is the median time to peak return after a dip event
-1.6% median max drawdown within 1 year of dip event

60 Day Dip			INCM Subsequent Performance
Date	INCM	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			21%	21%	-2%	364
10182023	-5%	-5%	21%	21%	-2%	364

[1] Dip event defined as first instance dip threshold is triggered within a 60-day time period.
[2] Analysis for period from 1/1/2005 to 7/17/2026

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Current Dip Buy Opportunities Across ETFs

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

Ticker	Name	Dip %	Mkt Price	Price Date	Peak Price	Peak Date	# Days
XLG	Invesco S&P 500 Top 50 ETF	-6.0%	60.71	7172026	64.59	6012026	46
MAGS	Roundhill Magnificent Seven ETF	-5.7%	66.91	7172026	70.94	5142026	64
QQQ	Invesco QQQ Trust, Series 1	-6.8%	695.33	7172026	746.16	6022026	45
QQQM	Invesco NASDAQ 100 ETF	-6.8%	286.31	7172026	307.23	6022026	45
ONEQ	Fidelity Nasdaq Composite Index ETF	-5.9%	100.45	7172026	106.70	6022026	45
QQEW	First Trust Nasdaq-100 Select Equal Weight ETF	-5.1%	153.54	7172026	161.85	6012026	46
SCHM	Schwab U.S. Mid-Cap ETF	-5.1%	34.99	7172026	36.87	6302026	17
SCHA	Schwab U.S. Small-Cap ETF	-5.8%	34.05	7172026	36.13	6302026	17
VUG	Vanguard Growth ETF	-5.5%	85.27	7172026	90.19	6012026	46
IWF	iShares Russell 1000 Growth ETF	-7.3%	119.38	7172026	128.77	6012026	46
IVW	iShares S&P 500 Growth ETF	-5.2%	134.26	7172026	141.59	6012026	46
SPYG	State Street SPDR Portfolio S&P 500 Growth ETF	-5.2%	116.25	7172026	122.60	6012026	46
VONG	Vanguard Russell 1000 Growth ETF	-7.1%	122.95	7172026	132.35	6012026	46
MGK	Vanguard Mega Cap Growth ETF	-5.6%	86.83	7172026	91.97	6012026	46
AKRE	Akre Focus ETF	-11.2%	56.18	7172026	63.28	1192026	179
IWP	iShares Russell Mid-Cap Growth ETF	-6.0%	137.59	7172026	146.41	6302026	17
VBK	Vanguard Small-Cap Growth ETF	-5.8%	344.58	7172026	365.70	6302026	17
CORO	iShares International Country Rotation Active ETF	-5.5%	35.28	7172026	37.32	6222026	25
VSS	Vanguard FTSE All-World EX-US Small-Cap Index Fund	-6.8%	150.73	7172026	161.79	5112026	67
SCHC	Schwab International Small-Cap Equity ETF	-7.3%	47.79	7172026	51.54	3012026	138
IEMG	iShares Core MSCI Emerging Markets ETF	-10.5%	76.98	7172026	86.00	6222026	25
VWO	Vanguard FTSE Emerging Markets ETF	-5.6%	57.84	7172026	61.24	6222026	25
EEM	iShares MSCI Emerging Markets ETF	-11.1%	63.29	7172026	71.21	6222026	25
SPEM	State Street SPDR Portfolio Emerging Markets ETF	-6.0%	50.19	7172026	53.39	6022026	45
SCHE	Schwab Emerging Markets Equity ETF	-5.0%	35.36	7172026	37.24	6222026	25
FNDE	Schwab Fundamental Emerging Markets Equity ETF	-5.3%	40.12	7172026	42.35	6022026	45
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-9.8%	33.63	7172026	37.30	6222026	25
EWY	iShares MSCI South Korea ETF	-25.8%	162.54	7172026	219.20	6212026	26
EWZ	iShares MSCI Brazil ETF	-15.6%	35.23	7172026	41.73	4142026	94
FXI	iShares China Large-Cap ETF	-16.3%	34.13	7172026	40.78	1292026	169
ILF	iShares Latin America 40 ETF	-10.6%	34.07	7172026	38.10	4142026	94
KWEB	KraneShares CSI China Internet ETF	-26.1%	26.81	7172026	36.29	1292026	169
QQQI	NEOS Nasdaq 100 High Income ETF	-6.0%	54.21	7172026	57.69	6022026	45
MTUM	iShares MSCI USA Momentum Factor ETF	-12.5%	302.09	7172026	345.22	6222026	25
SPHQ	Invesco S&P 500 Quality ETF	-5.9%	84.78	7172026	90.10	6302026	17
SPMO	Invesco S&P 500 Momentum ETF	-11.0%	143.89	7172026	161.66	6222026	25
VLUE	iShares MSCI USA Value Factor ETF	-7.4%	189.35	7172026	204.59	6252026	22
ARKK	ARK Innovation ETF	-10.1%	75.20	7172026	83.61	7062026	11
URA	Global X Uranium ETF	-37.3%	38.73	7172026	61.81	1282026	170
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-17.4%	34.40	7172026	41.63	5132026	65
ROBO	ROBO Global Robotics & Automation Index ETF	-13.8%	77.89	7172026	90.34	6022026	45
LIT	Global X Lithium & Battery Tech ETF	-25.4%	68.38	7172026	91.62	5112026	67
ICLN	iShares Global Clean Energy ETF	-22.7%	18.37	7172026	23.75	6022026	45
ARKQ	ARK Autonomous Technology & Robotics ETF	-19.2%	116.14	7172026	143.82	5282026	50
ARKW	ARK Next Generation Internet ETF	-8.1%	141.76	7172026	154.18	6012026	46
ARKX	ARK Space & Defense Innovation ETF	-19.7%	30.30	7172026	37.74	5282026	50
NASA	Tema Space Innovators ETF	-45.1%	22.99	7172026	41.89	5272026	51
XOVR	EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF	-9.6%	19.30	7172026	21.34	7062026	11
AGIX	KraneShares Artificial Intelligence ETF	-13.8%	42.56	7172026	49.40	6012026	46
GDE	WisdomTree Efficient Gold Plus Equity Strategy Fund	-13.4%	60.94	7172026	70.39	5112026	67
RAAX	VanEck Real Assets ETF	-7.9%	39.33	7172026	42.70	5112026	67
VGT	Vanguard Information Technology ETF	-10.0%	113.10	7172026	125.62	6022026	45
XLK	State Street Technology Select Sector SPDR ETF	-11.4%	175.59	7172026	198.21	6022026	45
XLE	State Street Energy Select Sector SPDR ETF	-7.8%	57.68	7172026	62.56	3292026	110
XLC	State Street Communication Services Select Sector SPDR ETF	-7.6%	110.65	7172026	119.70	2012026	166
XLY	State Street Consumer Discretionary Select Sector SPDR ETF	-6.1%	115.44	7172026	122.88	1252026	173
XLB	State Street Materials Select Sector SPDR ETF	-5.3%	50.53	7172026	53.38	2112026	156
IYM	iShares U.S. Basic Materials ETF	-8.0%	173.94	7172026	189.08	3022026	137
FXN	First Trust Energy AlphaDEX Fund	-7.9%	21.36	7172026	23.18	3292026	110
SMH	VanEck Semiconductor ETF	-16.8%	556.53	7172026	668.91	6222026	25
SOXX	iShares Semiconductor ETF	-20.3%	521.81	7172026	655.01	6222026	25
XBI	State Street SPDR S&P Biotech ETF	-6.1%	154.26	7172026	164.28	7092026	8
ITA	iShares U.S. Aerospace & Defense ETF	-8.0%	230.73	7172026	250.78	7062026	11
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	-9.6%	170.18	7172026	188.18	3292026	110
IGV	iShares Expanded Tech-Software Sector ETF	-13.8%	92.80	7172026	107.70	6012026	46
MISL	First Trust Indxx Aerospace & Defense ETF	-16.6%	42.53	7172026	50.98	1192026	179
RING	iShares MSCI Global Gold Miners ETF	-38.7%	60.92	7172026	99.42	3012026	138
SOXQ	Invesco PHLX Semiconductor ETF	-20.2%	91.86	7172026	115.11	6222026	25
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	-5.8%	21.56	7172026	22.90	2162026	151
IGOV	iShares International Treasury Bond ETF	-5.2%	40.77	7172026	42.99	3012026	138
TLT	iShares 20+ Year Treasury Bond ETF	-5.5%	84.52	7172026	89.48	3012026	138
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-5.0%	25.73	7172026	27.09	3012026	138
EDV	Vanguard World Funds Extended Duration ETF	-7.8%	62.18	7172026	67.42	3012026	138
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	-8.8%	17.25	7172026	18.91	5122026	66
DBC	Invesco DB Commodity Index Tracking Fund	-8.6%	28.98	7172026	31.69	5122026	66
COMT	iShares GSCI Commodity Dynamic Roll Strategy ETF	-10.6%	32.66	7172026	36.53	5192026	59
GSG	iShares GSCI Commodity	-5.8%	30.01	7172026	31.85	3182026	121
BCI	abrdn Bloomberg All Commodity Strategy K-1 Free ETF	-8.1%	23.81	7172026	25.91	5122026	66
FTGC	First Trust Global Tactical Commodity Strategy Fund	-5.6%	28.83	7172026	30.53	5122026	66
GLD	SPDR Gold Trust	-25.7%	368.41	7172026	495.90	1292026	169
IAU	iShares Gold Trust	-25.7%	75.50	7172026	101.57	1292026	169
GLDM	SPDR Gold MiniShares Trust	-25.6%	79.45	7172026	106.77	1292026	169
SGOL	ETFS Physical Swiss Gold Shares	-13.1%	44.66	7172026	51.41	1292026	169
BAR	Direxion Daily Gold Bull 3X Shares	-16.6%	44.34	7172026	53.16	1292026	169
SLV	iShares Silver Trust	-51.9%	50.78	7172026	105.60	1282026	170
SIVR	ETFS Physical Silver Shares Trust ETF	-24.8%	83.39	7172026	110.87	1282026	170
PPLT	ETFS Physical Platinum Shares	-42.5%	14.50	7172026	25.23	1252026	173
CPER	United States Copper Index Fund ETV	-13.9%	33.33	7172026	38.71	1292026	169
PALL	ETFS Physical Palladium Shares	-38.9%	22.70	7172026	37.18	1282026	170
USO	United States Oil Fund LP	-19.0%	123.96	7172026	152.96	5192026	59
UNG	United States Natural Gas Fund LP	-37.8%	10.51	7172026	16.90	2012026	166
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	7172026	60.13	5042026	74
IBIT	iShares Bitcoin Trust ETF	-33.0%	36.35	7172026	54.24	1192026	179
FBTC	Fidelity Wise Origin Bitcoin Fund	-32.9%	55.82	7172026	83.23	1192026	179
GBTC	Grayscale Bitcoin Trust ETF	-17.1%	61.84	7172026	74.58	1192026	179
ETHA	iShares Ethereum Trust ETF	-44.1%	13.91	7172026	24.88	1192026	179

ETF Fund Flows

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

Net fund flows · as of 2026-07-16

Asset allocation rotation · Past week

Equity ETFs drew the largest net inflows (+$32.9B), followed by Bond (+$3.7B), while Real Estate (−$190M) and Crypto (−$84M) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$16.3B) and out of Thematic (−$2.8B).
Relative to fund size, EWY drew the largest inflow (+12.8% of AUM) and ARKK the largest outflow (−34.8%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$13.06B	+1.7%
2	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$4.45B	+0.9%
3	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$3.3B	+7.2%
4	EWY	iShares MSCI South Korea ETF	Equity Emerging Markets	+$2.85B	+12.8%
5	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$2.17B	+0.2%
6	XLF	State Street Financial Select Sector SPDR ETF	Equity Broad Sector	+$1.97B	+3.6%
7	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$1.84B	+1.1%
8	DRAM	Roundhill Memory ETF	Other	+$1.66B	+7.0%
9	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$969M	+1.0%
10	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	+$896M	+1.3%

#	Ticker	Name	Type	Net flow	% of AUM
1	EWY	iShares MSCI South Korea ETF	Equity Emerging Markets	+$2.85B	+12.8%
2	PSC	Principal U.S. Small-Cap Multi-Factor ETF	Other	+$256M	+10.0%
3	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$3.3B	+7.2%
4	DRAM	Roundhill Memory ETF	Other	+$1.66B	+7.0%
5	PJUL	Innovator U.S. Equity Power Buffer ETF	Other	+$66M	+5.8%
6	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$61M	+5.3%
7	MAGS	Roundhill Magnificent Seven ETF	Equity US Large Concentrated	+$205M	+5.0%
8	HFXI	NYLI FTSE International Equity Currency Neutral ETF	Other	+$96M	+4.9%
9	IWX	iShares Russell Top 200 Value ETF	Other	+$189M	+4.7%
10	IHAK	iShares Cybersecurity and Tech ETF	Other	+$49M	+4.7%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	ARKK	ARK Innovation ETF	Equity Thematic	-$2.26B	-34.8%
2	IQMM	ProShares - GENIUS Money Market ETF	Other	-$2.02B	-10.8%
3	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	-$983M	-1.2%
4	ARKW	ARK Next Generation Internet ETF	Equity Thematic	-$452M	-25.7%
5	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$426M	0.0%
6	KLMN		Other	-$394M	-16.9%
7	SCHX	Schwab U.S. Large-Cap ETF	Equity US Large Cap Core	-$385M	-0.5%
8	SCZ	iShares MSCI EAFE Small-Cap ETF	Equity International Small Cap	-$351M	-2.6%
9	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$342M	-3.6%
10	LCTU	iShares U.S. Carbon Transition Readiness Aware Active ETF	Other	-$278M	-22.8%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$40.1B), followed by Bond (+$26.8B), while Crypto (−$2.8B) and Commodity (−$2.4B) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$37.8B) and out of US Mid Cap Core (−$6.0B).
Relative to fund size, ARKQ drew the largest inflow (+51.1% of AUM) and NASA the largest outflow (−73.8%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$58.7B	+6.6%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$17.05B	+2.2%
3	DRAM	Roundhill Memory ETF	Other	+$10.47B	+44.1%
4	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$9.46B	+6.1%
5	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$8.26B	+18.0%
6	VXUS	Vanguard Total International Stock ETF	Equity International Broad	+$4.46B	+2.9%
7	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	+$4.4B	+12.7%
8	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$3.96B	+23.6%
9	BND	Vanguard Total Bond Market ETF	Bond US Aggregate Core	+$3.48B	+2.2%
10	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$3.41B	+3.5%

#	Ticker	Name	Type	Net flow	% of AUM
1	ARKQ	ARK Autonomous Technology & Robotics ETF	Equity Thematic	+$1.08B	+51.1% ⚠
2	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$1.97B	+47.6%
3	DRAM	Roundhill Memory ETF	Other	+$10.47B	+44.1%
4	FXL	First Trust Technology AlphaDEX Fund	Other	+$940M	+36.8%
5	USO	United States Oil Fund LP	Commodity Energy	+$691M	+34.4%
6	IHE	iShares U.S. Pharmaceuticals ETF	Other	+$388M	+32.8%
7	FLKR	Franklin FTSE South Korea ETF	Other	+$396M	+31.1%
8	DFGP	Dimensional - Global Core Plus Fixed Income ETF	Other	+$756M	+28.6%
9	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$3.96B	+23.6%
10	CGSM	Capital Group Short Duration Municipal Income ETF	Other	+$326M	+21.2%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$47.34B	-4.8%
2	XLK	State Street Technology Select Sector SPDR ETF	Equity Broad Sector	-$9.05B	-7.6%
3	VO	Vanguard Mid-Cap ETF	Equity US Mid Cap Core	-$5.78B	-5.4%
4	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$5.06B	-50.3%
5	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	-$4.55B	-6.3%
6	VB	Vanguard Small-Cap ETF	Equity US Small Cap Core	-$3.68B	-4.6%
7	IQMM	ProShares - GENIUS Money Market ETF	Other	-$2.97B	-14.5%
8	VTV	Vanguard Value ETF	Equity US Large Value	-$2.94B	-1.6%
9	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	-$2.18B	-2.2%
10	VBR	Vanguard Small-Cap Value ETF	Equity US Small Value	-$2.13B	-5.8%

#	Ticker	Name	Type	Net flow	% of AUM
1	NASA	Tema Space Innovators ETF	Equity Thematic	-$1.1B	-73.8%
2	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$5.06B	-50.3%
3	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$379M	-28.8%
4	XMHQ	Invesco S&P MidCap Quality ETF	Other	-$1.46B	-27.0%
5	DIVB	iShares Core Dividend ETF	Other	-$356M	-22.7%
6	KOMP	State Street SPDR S&P Kensho New Economies Composite ETF	Other	-$571M	-20.9%
7	QLTA	iShares Aaa - A Rated Corporate Bond ETF	Other	-$293M	-20.6%
8	RPV	Invesco S&P 500 Pure Value ETF	Other	-$306M	-19.2%
9	LCTU	iShares U.S. Carbon Transition Readiness Aware Active ETF	Other	-$278M	-18.9%
10	XSD	State Street SPDR S&P Semiconductor ETF	Other	-$587M	-18.4%

Asset allocation rotation · Past 3 months

Equity ETFs drew the largest net inflows (+$229.4B), followed by Bond (+$70.8B), while Commodity (−$9.3B) and Crypto (−$6.7B) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$97.1B) and out of Gold (−$9.1B).
Relative to fund size, DRAM drew the largest inflow (+158.4% of AUM) and FXN the largest outflow (−61.5%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$60.77B	+7.3%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$30.36B	+3.9%
3	DRAM	Roundhill Memory ETF	Other	+$23.83B	+158.4%
4	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$17.47B	+12.1%
5	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$14.39B	+15.6%
6	VTI	Vanguard Total Stock Market ETF	Equity US Total Market	+$12.97B	+2.0%
7	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$12.95B	+13.6%
8	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$11.83B	+30.8%
9	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$11.58B	+2.4%
10	BND	Vanguard Total Bond Market ETF	Bond US Aggregate Core	+$9.77B	+6.2%

#	Ticker	Name	Type	Net flow	% of AUM
1	DRAM	Roundhill Memory ETF	Other	+$23.83B	+158.4%
2	NASA	Tema Space Innovators ETF	Equity Thematic	+$1.93B	+145.1%
3	ARKQ	ARK Autonomous Technology & Robotics ETF	Equity Thematic	+$2.35B	+107.3% ⚠
4	IALT	iShares Systematic Alternatives Active ETF	Equity Asset Allocation	+$2.29B	+63.2% ⚠
5	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	+$1.24B	+62.1%
6	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$4.2B	+58.7%
7	FLKR	Franklin FTSE South Korea ETF	Other	+$595M	+58.1%
8	FXL	First Trust Technology AlphaDEX Fund	Other	+$930M	+55.9%
9	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$1.41B	+54.6% ⚠
10	CHPY	YieldMax Semiconductor Portfolio Option Income ETF	Other	+$524M	+51.3%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$12.04B	-1.2%
2	GLD	SPDR Gold Shares	Commodity Gold	-$6.86B	-4.7%
3	QUAL	iShares MSCI USA Quality Factor ETF	Equity Factor Smart Beta	-$6.39B	-13.8%
4	IQMM	ProShares - GENIUS Money Market ETF	Other	-$4.67B	-21.5%
5	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.62B	-36.8%
6	IBIT	iShares Bitcoin Trust ETF	Crypto	-$4.07B	-7.3%
7	EFV	iShares MSCI EAFE Value ETF	Equity International Developed Broad	-$2.67B	-9.7%
8	IAU	iShares Gold Trust	Commodity Gold	-$2.65B	-3.9%
9	IAGG	iShares Core International Aggregate Bond ETF	Bond International	-$2.41B	-21.3%
10	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.15B	-31.7%

#	Ticker	Name	Type	Net flow	% of AUM
1	FXN	First Trust Energy AlphaDEX Fund	Equity Broad Sector	-$725M	-61.5%
2	EEMA	iShares MSCI Emerging Markets Asia ETF	Other	-$509M	-39.3%
3	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.62B	-36.8%
4	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.15B	-31.7%
5	SH	ProShares - Short S&P500	Other	-$304M	-30.0%
6	QLTA	iShares Aaa - A Rated Corporate Bond ETF	Other	-$397M	-26.7%
7	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$1.43B	-25.7%
8	AKRE	Akre Focus ETF	Equity US Large Growth	-$1.46B	-24.6%
9	IQMM	ProShares - GENIUS Money Market ETF	Other	-$4.67B	-21.5%
10	IAGG	iShares Core International Aggregate Bond ETF	Bond International	-$2.41B	-21.3%

Largest ETF fund flows across ~2564 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

Holdings 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

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FEIM	Frequency Electronics	0.6	17.4%	22.4%
XNCR	Xencor	1.3	16.9%	14.1%
LCID	Lucid	2.4	13.9%	-30.4%
SG	Sweetgreen	0.8	13.8%	4.7%
ETON	Eton Pharmaceuticals	1.2	13.8%	150.3%
SLS	SELLAS Life Sciences	2.3	12.3%	249.9%
GPRE	Green Plains	1.3	11.7%	96.2%
ORKA	Oruka Therapeutics	5.1	11.6%	205.8%
DNTH	Dianthus Therapeutics	5.1	10.7%	156.2%
AVLN	Avalyn Pharma	1.2	10.2%	-4.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ISRG	Intuitive Surgical	122.6	-14.1%	-39.0%
RGNX	Regenxbio	0.5	-11.7%	-31.3%
CDNS	Cadence Design Systems	89.8	-9.5%	5.6%
FBYD	Falcons Beyond Global	0.5	-9.3%	-26.0%
ALOY	REalloys	0.5	-9.2%	-5.9%
STAA	Staar Surgical	1.3	-8.8%	14.5%
MNTN	MNTN	0.7	-8.7%	-25.1%
PENG	Penguin Solutions	3.2	-8.4%	208.8%
AVEX	AEVEX	0.7	-8.3%	-46.2%
SMPL	Simply Good Foods	1.0	-8.2%	-44.8%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
ATAI	AtaiBeckley	2.6	39.7%	76.5%
CDNA	CareDx	2.0	39.4%	110.9%
MAN	ManpowerGroup	2.4	35.2%	80.2%
LCID	Lucid	2.4	32.6%	-30.4%
RHI	Robert Half	4.2	29.0%	61.4%
DSGR	Distribution Solutions	1.6	25.9%	26.0%
PYPL	PayPal	51.6	22.1%	-2.5%
MRVI	Maravai LifeSciences	1.1	18.9%	122.8%
EVCM	EverCommerce	2.1	18.4%	-0.6%
IOVA	Iovance Biotherapeutics	2.1	18.2%	83.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
FAC	Factorial Energy	0.6	-39.2%	34.5%
AIAI	AIAI	0.5	-33.8%	-53.7%
SNDK	SanDisk	200.5	-29.3%	470.7%
RGNX	Regenxbio	0.5	-29.1%	-31.3%
ALOY	REalloys	0.5	-27.6%	-5.9%
ALAB	Astera Labs	51.8	-26.5%	82.5%
IBM	International Business Machines	199.6	-26.0%	-27.3%
BLZE	Backblaze	0.8	-24.9%	183.7%
FBYD	Falcons Beyond Global	0.5	-24.6%	-26.0%
PENG	Penguin Solutions	3.2	-22.9%	208.8%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
CRNX	Crinetics Pharmaceuticals	8.7	139.6%	80.2%
TRAX	First Tracks Biotherapeutics	1.3	113.0%	96.3%
DFTX	Definium Therapeutics, Inc.	4.8	83.3%	227.8%
MNPR	Monopar Therapeutics	0.9	78.2%	70.2%
ALIT	Alight	11.4	76.3%	-44.3%
RPD	Rapid7	0.8	76.0%	-19.7%
SLS	SELLAS Life Sciences	2.3	75.2%	249.9%
ATAI	AtaiBeckley	2.6	74.4%	76.5%
STTK	Shattuck Labs	0.8	73.9%	106.3%
CDNA	CareDx	2.0	70.9%	110.9%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
HTZ	Hertz Global	0.6	-63.9%	-65.0%
FAC	Factorial Energy	0.6	-59.3%	34.5%
ABTC	American Bitcoin	5.5	-56.6%	-78.7%
AIAI	AIAI	0.5	-53.0%	-53.7%
AXTI	AXT	2.4	-50.7%	180.5%
HYLN	Hyliion	0.7	-49.7%	103.3%
NVTS	Navitas Semiconductor	2.6	-48.1%	60.5%
YSS	York Space Systems	2.2	-44.8%	-46.7%
MRAM	Everspin Technologies	0.3	-44.4%	56.8%
APLD	Applied Digital	7.3	-44.3%	5.2%

Peer Comparisons

Peers to compare with:

Profile

	INCM	CGBL	AOR	AOA	AOM	AOK	Median
Name	Franklin I.	Capital Gr.	RUA Life S.	iShares Co.	iShares Co.	iShares Co.
Asset Class	Equity	Equity	Equity	Equity	Equity	Equity	-
AUM ($ Bil)	1.7	7.0	3.7	3.2	1.8	0.8	2.5
Expense Ratio	0.38%	0.33%	0.20%	0.19%	0.20%	0.20%	0.20%
10-D Avg Volume (Mil)	0.37	1.87	0.32	0.11	0.15	0.19	0.25
Latest Day Volume (Mil)	0.35	1.41	0.21	0.08	0.10	0.19	0.20
Holdings Count	383	74	7	7	7	7	7
Inception Date	6/6/2023	9/26/2023	11/4/2008	11/4/2008	11/4/2008	11/4/2008	-

Fundamentals

	INCM	CGBL	AOR	AOA	AOM	AOK	Median
Name	Franklin I.	Capital Gr.	RUA Life S.	iShares Co.	iShares Co.	iShares Co.
Net Asset Value	28.98	37.32	68.73	96.83	49.28	41.11	-
Premium/Discount	0.3%	-0.3%	-0.5%	-0.4%	-0.3%	-0.2%	-0.3%
Distribution Yield	5.2%	1.9%	2.6%	2.1%	3.1%	3.4%	2.8%
Sales Yield	-	-	-	-	-	-	-
Earnings Yield	-	-	-	-	-	-	-

Valuation

	INCM	CGBL	AOR	AOA	AOM	AOK	Median
Name	Franklin 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

	INCM	CGBL	AOR	AOA	AOM	AOK	Median
Name	Franklin 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)	0.27	0.75	0.67	0.85	0.49	0.40	0.58
Beta (3Y)	0.34	0.68	0.58	0.75	0.42	0.33	0.50
Beta (5Y)	0.34	0.68	0.58	0.74	0.42	0.33	0.50
Sharpe Ratio (1Y)	2.11	1.18	1.50	1.52	1.45	1.53	1.51
Sharpe Ratio (3Y)	1.39	1.49	1.30	1.29	1.29	1.30	1.30
Sharpe Ratio (5Y)	1.40	1.49	0.64	0.69	0.55	0.49	0.66
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

	INCM	CGBL	AOR	AOA	AOM	AOK	Median
Name	Franklin 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 Return	0.3%	2.3%	1.9%	3.2%	0.9%	0.9%	1.4%
6M Return	3.8%	3.3%	4.0%	6.0%	2.4%	2.0%	3.5%
YTD Return	6.1%	5.7%	5.7%	8.1%	3.6%	3.4%	5.7%
1Y Return	12.2%	12.4%	14.0%	18.1%	10.5%	9.4%	12.3%
2Y Return	22.4%	26.4%	24.9%	31.2%	18.8%	16.7%	23.6%
3Y Return	34.7%	-	42.8%	54.6%	32.4%	27.8%	34.7%

Short Interest

Short Interest: As Of Date	6302026
Short Interest: Shares Quantity	0.1 Mil
Short Interest: % Change Since 6152026	-40.2%
Average Daily Volume	0.4 Mil
Days-to-Cover Short Interest	1

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Franklin Income Focus ETF (INCM)

Market Price (7/18/2026): $29.08

Franklin Income Focus ETF (INCM)

Market Price (7/18/2026): $29.08

Key Takeaways

Price Chart

Asset Allocation with INCM

Valuation & Yield

Top 20 Holdings for INCM

Performance for INCM Top Holdings

Guidance Updates for INCM Top Holdings

Return vs. Risk

Price Returns Compared

Sharpe Ratios Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

INCM Dip Buy History

Current Dip Buy Opportunities Across ETFs

ETF Fund Flows

Asset allocation rotation · Past week

Asset allocation rotation · Past month

Asset allocation rotation · Past 3 months

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Inform Me Once

About INCM

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Top Gainers

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Fundamentals

Valuation

Risk

Returns

Short Interest

Returns Analyses

External Quote Links