INCE vs. CZAR ETF Comparison

Comparison of Franklin Income Equity Focus ETF (INCE) to Themes Natural Monopoly ETF (CZAR)

INCE

Franklin Income Equity Focus ETF

INCE Description

Under normal marketing conditions, the fund will invest at least 80% of its net assets in equity securities, and in derivatives and other instruments that have economic characteristics and provide investment exposure similar to equity securities.

Grade (RS Rating)

Last Trade

$59.23

Average Daily Volume

7,196

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CZAR

Themes Natural Monopoly ETF

CZAR Description

The index is designed to provide exposure to companies in the large- and mid- capitalization segments that exhibit a strong competitive advantage in their respective sector. The fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that comprise the index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.09

Average Daily Volume

326

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	INCE	CZAR
30 Days	2.29%	3.32%
60 Days	2.31%	1.66%
90 Days	3.99%	4.12%
12 Months	19.60%

8 Overlapping Holdings

Symbol	Grade	Weight in INCE	Weight in CZAR	Overlap
ADI	D	1.31%	3.04%	1.31%
CSCO	A	1.12%	3.99%	1.12%
CVX	B	2.85%	0.67%	0.67%
KO	D	0.98%	0.98%	0.98%
MA	B	0.53%	0.53%	0.53%
PEP	F	2.42%	1.0%	1.0%
PG	A	1.98%	1.01%	1.01%
VZ	B	2.94%	0.27%	0.27%

INCE Overweight 36 Positions Relative to CZAR

Symbol	Grade	Weight
SO	D	3.1%
JNJ	D	2.9%
LMT	D	2.21%
JCI	C	2.14%
APD	A	2.05%
RIO	D	1.69%
HD	A	1.62%
XOM	C	1.58%
JPM	B	1.48%
SCHW	A	1.48%
MS	B	1.46%
RTX	D	1.43%
UNP	C	1.41%
LOW	C	1.33%
MET	A	1.29%
PM	B	1.25%
TXN	D	1.2%
USB	A	1.16%
MCD	D	1.14%
TTE	F	1.14%
SBUX	B	1.14%
SRE	A	1.11%
HON	B	1.09%
BAC	A	1.04%
GM	B	1.03%
AEP	D	0.99%
IBM	C	0.95%
NEM	F	0.94%
UPS	C	0.87%
DUK	C	0.83%
PNC	A	0.59%
FITB	B	0.58%
ALB	C	0.53%
FCX	F	0.52%
BA	D	0.23%
C	A	0.0%

INCE Underweight 37 Positions Relative to CZAR

Symbol	Grade	Weight
APO	A	-3.87%
BLK	C	-3.7%
META	D	-3.57%
AXP	A	-3.46%
FTV	B	-3.34%
AJG	A	-3.16%
OTEX	F	-3.0%
ADBE	C	-2.99%
BMY	B	-2.61%
GILD	B	-2.49%
VRTX	D	-1.91%
KVUE	A	-1.3%
AME	A	-1.01%
XYL	D	-0.78%
SNA	A	-0.7%
CPAY	A	-0.63%
CHTR	C	-0.62%
GPN	C	-0.54%
CMCSA	C	-0.52%
V	A	-0.52%
EXC	D	-0.49%
ROL	B	-0.48%
LKQ	D	-0.48%
ABNB	C	-0.41%
ECL	D	-0.39%
WCN	A	-0.39%
UBER	D	-0.37%
LIN	D	-0.37%
FDX	B	-0.36%
CNI	D	-0.35%
STLA	F	-0.35%
VMC	B	-0.33%
T	A	-0.32%
DGX	B	-0.31%
IQV	F	-0.26%
RSG	A	-0.24%
GPC	D	-0.15%