INCE vs. SPYD ETF Comparison

Comparison of Franklin Income Equity Focus ETF (INCE) to SPDR S&P 500 High Dividend ETF (SPYD)

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

$58.80

Average Daily Volume

6,895

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SPYD

SPDR S&P 500 High Dividend ETF

SPYD Description

The investment seeks to track the performance of the S&P 500 High Dividend Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the performance of the top 80 dividend-paying securities listed on the S&P 500® Index, based on dividend yield. The S&P 500 Index focuses on the large capitalization U.S. equity market, including common stock and real estate investment trusts ("REITs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$46.73

Average Daily Volume

872,814

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	INCE	SPYD
30 Days	0.46%	2.04%
60 Days	2.02%	2.97%
90 Days	3.59%	5.83%
12 Months	18.90%	36.63%

12 Overlapping Holdings

Symbol	Grade	Weight in INCE	Weight in SPYD	Overlap
AEP	D	0.99%	1.16%	0.99%
CVX	A	2.85%	1.19%	1.19%
DUK	C	0.83%	1.18%	0.83%
FITB	A	0.58%	1.31%	0.58%
IBM	C	0.95%	1.27%	0.95%
MS	A	1.46%	1.5%	1.46%
PM	B	1.25%	1.32%	1.25%
PNC	B	0.59%	1.34%	0.59%
SO	D	3.1%	1.22%	1.22%
UPS	C	0.87%	1.19%	0.87%
USB	A	1.16%	1.28%	1.16%
VZ	C	2.94%	1.2%	1.2%

INCE Overweight 32 Positions Relative to SPYD

Symbol	Grade	Weight
JNJ	D	2.9%
PEP	F	2.42%
LMT	D	2.21%
JCI	C	2.14%
APD	A	2.05%
PG	A	1.98%
RIO	D	1.69%
HD	A	1.62%
XOM	B	1.58%
JPM	A	1.48%
SCHW	B	1.48%
RTX	C	1.43%
UNP	C	1.41%
LOW	D	1.33%
ADI	D	1.31%
MET	A	1.29%
TXN	C	1.2%
MCD	D	1.14%
TTE	F	1.14%
SBUX	A	1.14%
CSCO	B	1.12%
SRE	A	1.11%
HON	B	1.09%
BAC	A	1.04%
GM	B	1.03%
KO	D	0.98%
NEM	D	0.94%
MA	C	0.53%
ALB	C	0.53%
FCX	D	0.52%
BA	F	0.23%
C	A	0.0%

INCE Underweight 68 Positions Relative to SPYD

Symbol	Grade	Weight
K	A	-1.61%
OKE	A	-1.53%
WMB	A	-1.52%
ETR	B	-1.52%
KVUE	A	-1.5%
KMI	A	-1.48%
BMY	B	-1.44%
MTB	A	-1.43%
IP	B	-1.42%
XEL	A	-1.41%
KEY	B	-1.39%
SPG	B	-1.38%
GILD	C	-1.38%
HBAN	A	-1.36%
VTR	C	-1.36%
KIM	A	-1.36%
RF	A	-1.36%
T	A	-1.35%
BXP	D	-1.34%
WEC	A	-1.34%
PSA	D	-1.3%
EVRG	A	-1.3%
REG	B	-1.3%
MO	A	-1.29%
CFG	B	-1.27%
PNW	B	-1.26%
EIX	B	-1.26%
MAA	B	-1.26%
D	C	-1.26%
VTRS	A	-1.25%
EXC	C	-1.23%
TFC	A	-1.22%
IVZ	B	-1.22%
UDR	B	-1.22%
ESS	B	-1.21%
BBY	D	-1.21%
FRT	B	-1.21%
CPT	B	-1.21%
VICI	C	-1.2%
HAS	D	-1.2%
EQR	B	-1.2%
TROW	B	-1.19%
PRU	A	-1.18%
FE	C	-1.17%
AMCR	D	-1.16%
EXR	D	-1.16%
HST	C	-1.15%
DOC	D	-1.15%
CCI	D	-1.13%
O	D	-1.13%
SWK	D	-1.13%
ES	D	-1.12%
GIS	D	-1.1%
FMC	D	-1.09%
KHC	F	-1.08%
BEN	C	-1.08%
ABBV	D	-1.07%
ARE	D	-1.05%
SJM	D	-1.05%
IPG	D	-1.05%
CVS	D	-1.04%
CAG	D	-1.02%
LYB	F	-0.99%
DOW	F	-0.94%
PFE	D	-0.94%
F	C	-0.92%
AES	F	-0.92%
WBA	F	-0.87%