INCM Franklin Income Focus ETF

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

INCM — —
Key stats
About

Franklin Income Focus ETF (INCM) ETF

No description available.

Exchange
ARCX
Inception
2023-06-06
Has Options
No
Fund profile
holdings as of Oct 20, 2026issuer datathrough Jun 2026flows, SEC filings
Allocation Allocation#5 of 62 by assets Franklin Templeton Dividend Income-focused multisector US Actively managed
Expense ratio
0.38%
issuer, Oct 22, 2026
Assets
$2.0B
issuer-reported, Oct 20, 2026
Trailing yield
5.28%
paid monthly
Average daily volume
$12M
30 sessions
Holdings
396
top 10 are 13.9%
Listed
Jun 6, 2023
NYSE Arca
Net asset value
$28.93
issuer, Oct 21, 2026 · closed +0.31% to NAV
Median bid/ask spread
0.03%
30 days, issuer-reported
30-day SEC yield
5.73%
issuer, Sep 30, 2026
Return on NAV, 1 year
+8.1%
issuer, through Sep 30, 2026 · 3 years +11.1% a year
Distributions, 12 months
$1.53 a share
issuer, through Sep 30, 2026: 100% income
Closure risk, 12 months
0.4%
low · model
FrenzyCap ETF score
81
how it is built
Cost75
Liquidity69
Scale85
Diversification100

Moves with. US large-cap stocks (47% of its variance, beta 0.37); Long Treasuries (13% of its variance, beta 0.14); Gold (5% of its variance, beta 0.03); US dollar (4% of its variance, beta -0.09). These factors explain 73% of its daily moves over the last year.

Stated objective. To seek high current income while maintaining prospects for capital appreciation. (from the fund's prospectus)

All 396 holdingsFlow historyOverlap toolAll Allocation ETFs

Fund flows
daily as of Oct 20, 2026issuer datathrough Jun 2026SEC filings
Oct 20, 2026
+$10M
latest day
Latest 5 trading days
+$22M
Year to date
+$24M
Each day
Net creations of INCM by day, Oct 12, 2026 to Oct 20, 2026
DayNet flow
Oct 20, 2026+$10M
Oct 16, 2026+$5.8M
Oct 15, 2026$0
Oct 14, 2026+$2.9M
Oct 13, 2026+$2.9M
Oct 12, 2026+$2.9M

Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.

Jun 2026
+$93M
latest reported month
Latest 3 months
+$250M
+15.5% of assets
Latest 12 months
+$868M
+53.8% of assets
Jul 2025: +$56MAug 2025: +$48M+$48MAugSep 2025: +$53MOct 2025: +$82MOctNov 2025: +$68MDec 2025: +$68MDecJan 2026: +$86MFeb 2026: +$76MFebMar 2026: +$81MApr 2026: +$80MAprMay 2026: +$77MJun 2026: +$93M+$93MJun
View as a table
Net flows of INCM by month, Jul 2025 to Jun 2026
MonthNet flow
Jun 2026+$93M
May 2026+$77M
Apr 2026+$80M
Mar 2026+$81M
Feb 2026+$76M
Jan 2026+$86M
Dec 2025+$68M
Nov 2025+$68M
Oct 2025+$82M
Sep 2025+$53M
Aug 2025+$48M
Jul 2025+$56M

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 37 months ago

Similar funds
FundOverlapFeeAssets1Y
CGBLCapital Group Core Balanced ETF—0.33%$7.9B+5.7%compare
AORiShares Core 60/40 Balanced Allocation ETF—0.15%$3.9B+5.9%compare
AOAiShares Core 80/20 Aggressive Allocation ETF—0.15%$3.4B+9.8%compare
CGCVCapital Group Conservative Equity ETF—0.33%$2.2B+9.5%compare
AOMiShares Core 40/60 Moderate Allocation ETF—0.15%$1.9B+2.1%compare

The largest other funds in the Allocation category.

Look-through: what the holdings say
weights as of Oct 20, 2026issuer data
Holdings vs fair value
+5.2%
38% under, 31% over · 75% covered
Price / earnings
22.9
8% loss-making · 71% covered
Price / book · sales
3.1 · 2.2
revenue growth +6.8%
Above 200-day average
62%
76% above 50-day · by weight
Short interest
2.1%
of float, weighted · 3.1 days to cover
Insider buying
6%
of weight had net insider buying, 90 days; 34% net selling
13F holders
+3.8%
change in shares held by institutions, latest quarter
Reporting earnings
18.2%
of weight in 7 days; 45.5% in 14
Largest contributors below fair value
LYB+50%XOM+20%COP+50%TGT+46%BAC+22%
Largest contributors above fair value
PG−21%SHEL−14%SO−15%APD−13%PM−14%

Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.

What changed in the portfolio
Oct 15, 2026 → Oct 19, 2026
ActionHoldingWeight beforeWeight afterShares vs flows
IncreaseHDHOME DEPOT INC1.19%1.38%+15.3%

0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.6%. Full holdings and history

Under the hood
fiscal year to Mar 31, 2026SEC census
Authorized participants
6 active
of 19 with agreements; top 3 did 80%
Created · redeemed
$915M · $178M
over the fiscal year
Redemptions in kind
98%
creations 38% in kind
Creation unit
50,000
shares
Securities lending
not authorized

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2026-10-20
Holdings
396
AUM
$2.0B
Provider
Franklin
Inception
2023-06-06
Exchange
ARCX
Data As Of
2026-10-20
Expense Ratio
0.38%
Dividend Yield
5.28%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-09-30 2026-10-05 $0.1250 CD
2026-08-31 2026-09-03 $0.1300 CD
2026-07-31 2026-08-05 $0.1250 CD
2026-06-30 2026-07-06 $0.1200 CD
2026-05-29 2026-06-03 $0.1350 CD
2026-04-30 2026-05-05 $0.1350 CD
Asset Allocation
Top Holdings
top 50 of 396 holdings
Symbol Name Weight % Asset Class Country
— IFT - MONEY MARKET PORT 2.48% Cash/Money Market —
PG PROCTER & GAMBLE CO/THE 2.06% Equity (US) US
XOM EXXONMOBIL HOLDINGS CORP 1.65% Equity (US) US
— US TREASURY N/ 4.625 8/36 1.57% Treasury US
CVX CHEVRON CORP 1.53% Equity (US) US
HD HOME DEPOT INC 1.40% Equity (US) US
SHEL SHELL PLC-ADR 1.18% Equity (Foreign) GB
PEP PEPSICO INC 1.17% Equity (US) US
DUK DUKE ENERGY CORP 1.15% Equity (US) US
— US TREASURY N/ 5.125 8/56 1.12% Treasury US
RHHBY ROCHE HOLDINGS LTD-SPONS 1.07% Equity (Foreign) CH
SO SOUTHERN CO/THE 1.05% Equity (US) US
NSRGY NESTLE SA-SPONS ADR 1.01% Equity (Foreign) CH
BAC BANK OF AMERICA CORP 0.90% Equity (US) US
— CHS/COMMUNITY 9.75 1/34 0.89% Corporate Bond US
— MIZUHO MARKETS ELN 09/27 0.89% Derivative —
APD AIR PRODUCTS & CHEMICALS 0.88% Equity (US) US
— Net Current Assets 0.82% Cash/Money Market —
— UBS AG LONDON 8 7/27 0.80% Corporate Bond —
— UBS AG 8 4/27 0.79% Corporate Bond —
PM PHILIP MORRIS INTERNATION 0.79% Equity (US) US
— ABBV ELN 12/11/2026 0.77% Derivative —
— US TREASURY N/B 3.5 2/31 0.72% Treasury US
— AMAZON.COM INC 6.1 7/56 0.69% Corporate Bond US
— ORACLE CORP 0.68% Equity (US) US
— CITIGROUP GLOBAL 8 10/26 0.68% Corporate Bond —
LYB LYONDELLBASELL INDU-CL A 0.67% Equity (US) US
— ALPHABET INC 5.45 8/36 0.67% Corporate Bond US
TGT TARGET CORP 0.67% Equity (US) US
— WELLS FARGO BANK 8 3/27 0.66% Corporate Bond —
— MIZUHO MARK ELN 9/27 0.66% Derivative —
COP CONOCOPHILLIPS 0.65% Equity (US) US
— JPMORGAN CHASE 0 1/27 0.65% Corporate Bond —
— ALBEMARLE CORP 0.65% Equity (US) US
— MORGAN STAN FIN 0 3/27 0.64% Corporate Bond —
PFE PFIZER INC 0.59% Equity (US) US
— SIEMENS AG-REG 0.59% Equity (Foreign) DE
— UBS AG 7.5 12/26 0.58% Corporate Bond —
LMT LOCKHEED MARTIN CORP 0.58% Equity (US) US
— TORONTO-DOMINI ELN 09/27 0.56% Derivative —
— US TREASURY N/B 5 5/56 0.55% Treasury US
USB US BANCORP 0.54% Equity (US) US
— SKYDANCE CORP 8.25 10/31 0.54% Corporate Bond US
— AMAZON.COM INC 5.3 7/36 0.53% Corporate Bond US
TXN TEXAS INSTRUMENTS INC 0.52% Equity (US) US
— BNP PARIBAS ISS ELN 9/27 0.52% Derivative —
— GOLDMAN SACHS 5.065 1/37 0.52% Corporate Bond US
JNJ JOHNSON & JOHNSON 0.51% Equity (US) US
MS MORGAN STANLEY 0.50% Equity (US) US
— KKR & CO INC 0.50% Equity (US) US
Non-Equity Breakdown
Franklin Income Focus ETF · NPORT-P period 2026-06-30 (filed 2026-08-27)
Net assets: $1.61B · 380 total positions · equity 35.88% · non-equity 64.18%
Non-equity holdings — 317 positions, 64.18% of NAV
Category Weight Value Positions
Corporate 48.08% $775.8M 269
US Treasury 7.32% $118.1M 14
Short-term investment 3.42% $55.1M 1
Mortgage-backed (US Govt-Sponsored Entity) 2.27% $36.6M 16
Mortgage-backed (US Govt Agency) 2.17% $35.0M 12
Corporate 0.94% $15.1M 5
Chart
Seasonality
'23'24'25'26Avg
Jan---0.19%1.49%2.70%1.33%
Feb---0.97%1.92%1.73%0.89%
Mar--1.84%-1.30%-2.24%-0.57%
Apr---1.47%-2.44%2.06%-0.62%
May--2.69%1.57%0.34%1.53%
Jun0.65%-0.18%2.11%-1.59%0.25%
Jul1.10%3.15%-0.22%0.69%1.18%
Aug-0.60%1.51%2.14%0.62%0.92%
Sep-2.21%1.49%0.76%-3.00%-0.74%
Oct-2.04%-1.80%-0.57%1.82%*-0.65%
Nov5.74%1.84%1.74%--3.11%
Dec3.09%-3.76%0.47%---0.07%
Total5.62%3.98%7.81%3.00%5.10%
* Only 4 year(s) of data available.
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $28.72
SMA 50: $29.13
SMA 200: $29.11
Current: $29.02
EMA 12: $28.85
EMA 26: $28.88
MACD: -0.0319 | Signal: 0.0682
BEARISH
ADX (14): 30.77
TREND
+DI: 20.16
−DI: 19.40

Momentum Oscillators

RSI (14): 57.65
NEUTRAL
Stoch %K: 93.64
Stoch %D: 92.62
Williams %R: -6.07

Volume & Volatility

BB Upper: $29.04
BB Lower: $28.40
NEUTRAL
OBV: 16,994,432
Vol SMA 20: 428,005
Vol ROC: 41.87%
ATR: $0.16
True Range: $0.16
HV 20: 5.0%
HV 30: 5.6%
HV 60: 5.2%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis

Click Frenzy-Pro™ for an AI analysis of this ticker.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

News
All INCM news →

INCM Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.2543
Alpha: 0.19%
Correlation: 0.5699
R-Squared: 32.5%
Stock Volatility: 5.7%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

INCM Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

128 filers29,892,559 shares$862.27M value
# Filer Shares Value % of Total % of Float Period
1 LPL Financial LLC Custodian 6,291,989 $181.56M 21.06% — 2026-06-30
2 Wells Fargo & Company Custodian 2,674,253 $77.17M 8.95% — 2026-06-30
3 Raymond James Financial, Inc. Custodian 2,532,563 $73.08M 8.47% — 2026-06-30
4 Royal Bank of Canada Custodian 1,761,130 $50.82M 5.89% — 2026-06-30
5 Ameriprise Financial, Inc. Custodian 1,733,867 $50.07M 5.81% — 2026-06-30
6 Morgan Stanley Custodian 1,573,628 $45.41M 5.27% — 2026-06-30
7 Bank of America Corp Custodian 1,452,297 $41.91M 4.86% — 2026-06-30
8 Summit Investment Advisory Services, LLC 1,105,667 $31.90M 3.70% — 2026-06-30
9 Larson Financial Group LLC 1,074,484 $31.00M 3.60% — 2026-06-30
10 Cetera Investment Advisers Custodian 723,833 $20.89M 2.42% — 2026-06-30
11 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 693,314 $19.89M 2.31% — 2026-09-30
12 OSAIC HOLDINGS, INC. Custodian 639,048 $18.44M 2.14% — 2026-06-30
13 Next Level Private LLC 439,360 $12.68M 1.47% — 2026-06-30
14 Sowell Financial Services LLC 425,647 $12.28M 1.42% — 2026-06-30
15 HARBOUR INVESTMENTS, INC. 392,293 $11.32M 1.31% — 2026-06-30
16 CWM, LLC Custodian 381,500 $10.97M 1.27% — 2026-03-31
17 Base Wealth Management LLC 372,535 $10.60M 1.23% — 2026-09-30
18 Equitable Holdings, Inc. 322,675 $9.31M 1.08% — 2026-06-30
19 Stifel Financial Corp Custodian 319,480 $9.22M 1.07% — 2026-06-30
20 Jones Financial Companies LLLP Custodian 305,934 $8.91M 1.03% — 2026-06-30
21 COMMONWEALTH EQUITY SERVICES, LLC 285,802 $8.25M 0.96% — 2026-06-30
22 Janney Montgomery Scott LLC 187,796 $5.42M 0.63% — 2026-06-30
23 Steward Partners Investment Advisory, LLC 181,408 $5.23M 0.61% — 2026-06-30
24 DAVENPORT & Co LLC 174,719 $4.97M 0.58% — 2026-09-30
25 Bank of New York Mellon Corp Custodian 171,518 $4.95M 0.57% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month