INCE vs. VCEB ETF Comparison

Comparison of Franklin Income Equity Focus ETF (INCE) to Vanguard ESG U.S. Corporate Bond ETF (VCEB)

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

$58.50

Average Daily Volume

6,274

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VCEB

Vanguard ESG U.S. Corporate Bond ETF

VCEB Description

The investment seeks to track the performance of the Bloomberg Barclays MSCI US Corporate SRI Select Index (the ?index?). The index excludes bonds with maturities of 1 year or less and with less than $750 million outstanding, and is screened for certain environmental, social, and governance (ESG) criteria by the index provider, which is independent of Vanguard. All of the fund?s investments will be selected through the sampling process, and under normal circumstances, at least 80% of the fund?s assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$62.67

Average Daily Volume

37,180

Number of Holdings ^*

245

* may have additional holdings in another (foreign) market

Performance

Period	INCE	VCEB
30 Days	-0.11%	-0.53%
60 Days	2.07%	-2.92%
90 Days	3.05%	-1.82%
12 Months	18.28%	7.35%

27 Overlapping Holdings

Symbol	Grade	Weight in INCE	Weight in VCEB	Overlap
ADI	D	1.31%	0.01%	0.01%
APD	A	1.97%	0.02%	0.02%
BAC	A	1.04%	0.02%	0.02%
C	A	0.0%	0.01%	0.0%
CSCO	B	1.13%	0.02%	0.02%
FITB	B	0.59%	0.02%	0.02%
GM	C	1.09%	0.01%	0.01%
HD	B	1.64%	0.01%	0.01%
IBM	C	0.92%	0.02%	0.02%
JNJ	C	2.87%	0.01%	0.01%
JPM	A	1.48%	0.01%	0.01%
KO	D	0.97%	0.01%	0.01%
LOW	C	1.37%	0.01%	0.01%
MA	B	0.54%	0.03%	0.03%
MCD	D	1.17%	0.01%	0.01%
MET	A	1.29%	0.01%	0.01%
MS	A	1.47%	0.01%	0.01%
NEM	D	0.89%	0.02%	0.02%
PEP	F	1.78%	0.01%	0.01%
PG	C	1.93%	0.01%	0.01%
PNC	B	0.6%	0.01%	0.01%
SBUX	A	1.15%	0.02%	0.02%
SCHW	B	1.48%	0.01%	0.01%
TXN	C	1.25%	0.01%	0.01%
UPS	C	0.87%	0.01%	0.01%
USB	A	1.15%	0.01%	0.01%
VZ	C	2.85%	0.02%	0.02%

INCE Overweight 18 Positions Relative to VCEB

Symbol	Grade	Weight
SO	C	3.06%
CVX	A	2.86%
LMT	D	2.23%
JCI	B	2.19%
RIO	D	1.64%
XOM	B	1.58%
RTX	D	1.43%
UNP	C	1.42%
PM	B	1.23%
TTE	F	1.14%
HON	C	1.1%
SRE	A	1.08%
NOC	D	1.04%
AEP	C	0.95%
DUK	C	0.81%
FCX	F	0.51%
ALB	B	0.5%
BA	F	0.42%

INCE Underweight 218 Positions Relative to VCEB

Symbol	Grade	Weight
DT	D	-0.19%
MTB	A	-0.07%
TJX	A	-0.07%
MOS	F	-0.06%
WEST	C	-0.06%
DD	C	-0.06%
PGR	A	-0.05%
AFL	B	-0.05%
MDT	D	-0.05%
EQH	C	-0.05%
MCHP	F	-0.04%
LEN	D	-0.04%
KMB	C	-0.04%
GWW	B	-0.04%
OTIS	C	-0.04%
NOW	A	-0.04%
STLA	F	-0.04%
AZO	C	-0.04%
CTAS	B	-0.04%
CPT	B	-0.04%
VRSK	A	-0.04%
MMC	B	-0.04%
EXPE	B	-0.04%
FTV	C	-0.03%
EQR	C	-0.03%
DGX	A	-0.03%
VRSN	C	-0.03%
CMA	B	-0.03%
BWA	D	-0.03%
BG	D	-0.03%
SJM	D	-0.03%
ROP	B	-0.03%
RF	A	-0.03%
EG	C	-0.03%
PWR	A	-0.03%
PPG	F	-0.03%
DOC	C	-0.03%
ORLY	B	-0.03%
AMP	A	-0.03%
ACGL	C	-0.03%
NVR	D	-0.03%
LH	B	-0.03%
K	A	-0.03%
IFF	D	-0.03%
HAS	D	-0.03%
LLY	F	-0.03%
NTRS	A	-0.03%
BHF	C	-0.03%
SYF	B	-0.03%
CFG	B	-0.03%
GIS	D	-0.03%
DG	F	-0.03%
WAB	B	-0.03%
ITW	B	-0.03%
ADP	A	-0.03%
MU	D	-0.03%
BDX	F	-0.03%
ETN	A	-0.03%
EQIX	A	-0.03%
ZBH	C	-0.03%
ALLY	C	-0.03%
BMY	B	-0.03%
ABT	B	-0.03%
VOD	F	-0.03%
ABBV	F	-0.03%
HUN	F	-0.02%
HST	C	-0.02%
HRL	D	-0.02%
HIG	B	-0.02%
MKC	C	-0.02%
MCK	A	-0.02%
LEA	F	-0.02%
AJG	A	-0.02%
NTAP	C	-0.02%
A	D	-0.02%
QRVO	F	-0.02%
APH	A	-0.02%
RL	C	-0.02%
BEN	C	-0.02%
BAX	F	-0.02%
VTR	B	-0.02%
VMC	B	-0.02%
UHS	D	-0.02%
TT	A	-0.02%
CAH	B	-0.02%
XRAY	F	-0.02%
CSL	C	-0.02%
CMI	A	-0.02%
EMN	C	-0.02%
VFC	C	-0.02%
CF	A	-0.02%
RJF	A	-0.02%
AWK	C	-0.02%
O	C	-0.02%
MLM	C	-0.02%
HBAN	A	-0.02%
BLK	B	-0.02%
SWK	D	-0.02%
REGN	F	-0.02%
TRV	B	-0.02%
EFX	F	-0.02%
DLTR	F	-0.02%
DE	B	-0.02%
CME	B	-0.02%
WBA	F	-0.02%
ADM	D	-0.02%
BR	A	-0.02%
BKNG	A	-0.02%
SHW	B	-0.02%
CPB	D	-0.02%
GLW	B	-0.02%
OMC	C	-0.02%
CRM	B	-0.02%
BABA	D	-0.02%
DB	D	-0.02%
CARR	C	-0.02%
HCA	F	-0.02%
GOOGL	C	-0.02%
HSBC	A	-0.02%
AVGO	D	-0.02%
GSK	F	-0.02%
AZN	F	-0.02%
V	A	-0.02%
ORCL	A	-0.02%
CHTR	C	-0.02%
EXP	B	-0.01%
GLPI	C	-0.01%
EA	A	-0.01%
WM	B	-0.01%
WB	D	-0.01%
MRVL	B	-0.01%
MDLZ	F	-0.01%
GPN	B	-0.01%
PLD	F	-0.01%
PH	A	-0.01%
AMAT	F	-0.01%
MSI	B	-0.01%
RSG	A	-0.01%
AON	A	-0.01%
BRX	A	-0.01%
EBAY	D	-0.01%
MMM	D	-0.01%
MAR	A	-0.01%
KEY	B	-0.01%
RPRX	D	-0.01%
ARE	F	-0.01%
DLR	B	-0.01%
DHR	F	-0.01%
ZTS	D	-0.01%
NXPI	D	-0.01%
KLAC	F	-0.01%
HUM	C	-0.01%
TSN	B	-0.01%
BXP	C	-0.01%
BSX	A	-0.01%
TMO	F	-0.01%
BMO	A	-0.01%
BK	A	-0.01%
BERY	C	-0.01%
STT	B	-0.01%
AXP	A	-0.01%
PYPL	B	-0.01%
FIS	C	-0.01%
WELL	A	-0.01%
CM	A	-0.01%
CCI	C	-0.01%
AER	A	-0.01%
ADBE	C	-0.01%
NVDA	B	-0.01%
NKE	F	-0.01%
MRK	D	-0.01%
KDP	F	-0.01%
HPQ	B	-0.01%
CB	C	-0.01%
CAT	B	-0.01%
CAG	F	-0.01%
BNS	A	-0.01%
SYY	D	-0.01%
SPG	A	-0.01%
PRU	A	-0.01%
AMT	C	-0.01%
FDX	B	-0.01%
DOW	F	-0.01%
DFS	B	-0.01%
PFE	F	-0.01%
AL	B	-0.01%
LUV	C	-0.01%
LRCX	F	-0.01%
ICE	C	-0.01%
HPE	B	-0.01%
COF	C	-0.01%
CI	D	-0.01%
TGT	F	-0.01%
TD	D	-0.01%
BIIB	F	-0.01%
SYK	B	-0.01%
VTRS	A	-0.01%
UNH	B	-0.01%
TFC	A	-0.01%
AMGN	F	-0.01%
NWG	A	-0.01%
MUFG	B	-0.01%
QCOM	F	-0.01%
AIG	B	-0.01%
INTC	C	-0.01%
GILD	C	-0.01%
RY	A	-0.01%
FOXA	A	-0.01%
DIS	B	-0.01%
AMZN	C	-0.01%
CMCSA	B	-0.01%
DELL	B	-0.01%
AAPL	C	-0.01%
TMUS	B	-0.01%
GS	A	-0.01%
T	A	-0.01%
MSFT	D	-0.01%
CVS	D	-0.01%