INCM vs. FQAL ETF Comparison

Comparison of Franklin Income Focus ETF (INCM) to Fidelity Quality Factor ETF (FQAL)

INCM

Franklin Income Focus ETF

INCM Description

Under normal market conditions, the fund invests in a diversified portfolio of debt and equity securities. The fund may invest up to 30% of its assets in equity index-linked notes, with respect to which interest payments are typically derived from the implied volatility of an equity index (e.g., the S&P 500 Index) and 10% of its assets in equity linked notes (ELNs).

Grade (RS Rating)

Last Trade

$26.99

Average Daily Volume

143,711

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FQAL

Fidelity Quality Factor ETF

FQAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market.

Grade (RS Rating)

Last Trade

$67.19

Average Daily Volume

29,912

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	INCM	FQAL
30 Days	0.27%	2.60%
60 Days	0.52%	4.35%
90 Days	1.34%	5.86%
12 Months	13.81%	30.56%

16 Overlapping Holdings

Symbol	Grade	Weight in INCM	Weight in FQAL	Overlap
ABBV	D	0.74%	1.14%	0.74%
COP	C	0.41%	0.41%	0.41%
CVX	A	1.71%	0.68%	0.68%
HD	A	0.81%	1.5%	0.81%
ITW	B	0.56%	0.54%	0.54%
JNJ	D	1.22%	1.35%	1.22%
KO	D	0.75%	0.66%	0.66%
LMT	D	0.9%	0.56%	0.56%
MSFT	F	0.15%	6.3%	0.15%
NEE	D	0.51%	0.47%	0.47%
NEE	D	0.47%	0.47%	0.47%
PG	A	1.04%	0.98%	0.98%
PM	B	0.92%	0.63%	0.63%
SO	D	0.81%	0.36%	0.36%
VZ	C	0.74%	0.56%	0.56%
XOM	B	1.51%	1.16%	1.16%

INCM Overweight 26 Positions Relative to FQAL

Symbol	Grade	Weight
JPM	A	1.54%
BAC	A	1.17%
DUK	C	1.13%
ADI	D	0.98%
HON	B	0.86%
APD	A	0.81%
USB	A	0.81%
JCI	C	0.78%
BHP	F	0.76%
PEP	F	0.75%
PFE	D	0.69%
TTE	F	0.66%
TFC	A	0.66%
ALB	C	0.63%
RTX	C	0.59%
CSCO	B	0.54%
SBUX	A	0.49%
MCHP	D	0.45%
MS	A	0.4%
BA	F	0.39%
SRE	A	0.3%
XEL	A	0.3%
EIX	B	0.28%
C	A	0.01%
MRK	F	0.01%
CMCSA	B	0.0%

INCM Underweight 109 Positions Relative to FQAL

Symbol	Grade	Weight
NVDA	C	-7.24%
AAPL	C	-6.62%
GOOGL	C	-3.69%
META	D	-2.51%
AVGO	D	-2.0%
LLY	F	-1.72%
V	A	-1.61%
MA	C	-1.48%
BKNG	A	-1.21%
MCD	D	-1.11%
BX	A	-1.05%
ACN	C	-1.05%
BMY	B	-1.02%
LOW	D	-1.02%
COST	B	-1.01%
PGR	A	-1.0%
GILD	C	-1.0%
ADBE	C	-0.97%
NFLX	A	-0.97%
FICO	B	-0.96%
PANW	C	-0.96%
AMP	A	-0.92%
SPGI	C	-0.92%
QCOM	F	-0.91%
VRTX	F	-0.86%
GRMN	B	-0.86%
CME	A	-0.85%
ORLY	B	-0.84%
VEEV	C	-0.84%
CPAY	A	-0.82%
ZTS	D	-0.81%
EWBC	A	-0.78%
CAT	B	-0.77%
CFR	B	-0.77%
AMAT	F	-0.77%
MCO	B	-0.76%
MSCI	C	-0.75%
AZO	C	-0.75%
ABNB	C	-0.75%
JXN	C	-0.74%
YUM	B	-0.72%
ACGL	D	-0.71%
CBSH	A	-0.71%
DPZ	C	-0.69%
LRCX	F	-0.67%
IDXX	F	-0.67%
KNSL	B	-0.65%
QLYS	C	-0.64%
ADP	B	-0.64%
KLAC	D	-0.64%
WSM	B	-0.63%
UNP	C	-0.61%
MTD	D	-0.58%
MEDP	D	-0.57%
T	A	-0.57%
CTAS	B	-0.55%
GWW	B	-0.55%
FAST	B	-0.53%
AME	A	-0.52%
LIN	D	-0.52%
MMM	D	-0.5%
TDG	D	-0.49%
CSX	B	-0.49%
PAYX	C	-0.49%
CPRT	A	-0.48%
VRSK	A	-0.46%
OTIS	C	-0.45%
ODFL	B	-0.45%
MO	A	-0.44%
VST	B	-0.43%
TTD	B	-0.41%
MDLZ	F	-0.38%
CL	D	-0.36%
CEG	D	-0.36%
WMB	A	-0.34%
EOG	A	-0.32%
MNST	C	-0.31%
KMB	D	-0.31%
TPL	A	-0.31%
PLD	D	-0.3%
SHW	A	-0.3%
LNG	B	-0.28%
NRG	B	-0.27%
AMT	D	-0.27%
WEC	A	-0.26%
SPG	B	-0.25%
HSY	F	-0.25%
FCX	D	-0.24%
ECL	D	-0.24%
PSA	D	-0.23%
O	D	-0.21%
NFG	A	-0.2%
AM	A	-0.19%
EXR	D	-0.19%
UGI	A	-0.19%
AVB	B	-0.19%
MLM	B	-0.19%
WHD	B	-0.18%
VICI	C	-0.18%
NUE	C	-0.18%
RS	B	-0.17%
EQR	B	-0.17%
CF	B	-0.17%
SBAC	D	-0.16%
ESS	B	-0.16%
EXP	A	-0.16%
RGLD	C	-0.15%
AVY	D	-0.15%
GLPI	C	-0.14%