Franklin Income Focus ETF (INCM)
Franklin Income Focus ETF operates in the Asset Management industry of the Financial Services sector, headquartered in San Mateo, CA, US. The stock last traded at $29.23, up 0.14% on the session, giving a market capitalisation of $1.73B. Its beta of 0.70 implies it has historically moved less than the broad market.
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.
Franklin Income Focus ETF is most often compared with the following Financial Services names: