INCM vs. RAVI ETF Comparison

Comparison of Franklin Income Focus ETF (INCM) to FlexShares Ready Access Variable Income Fund (RAVI)

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

RAVI

FlexShares Ready Access Variable Income Fund

RAVI Description

The investment seeks maximum current income consistent with the preservation of capital and liquidity. The fund seeks to achieve the investment objective by investing at least 65% of its total assets in a non-diversified portfolio of fixed income instruments, including bonds, debt securities and other similar instruments issued by U.S. and non-U.S. public and private sector entities. The dollar-weighted average portfolio maturity of the fund is normally not expected to exceed two years. It may invest up to 20% of its total assets in fixed income securities and instruments of issuers in emerging markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$75.44

Average Daily Volume

72,378

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	INCM	RAVI
30 Days	0.27%	0.41%
60 Days	0.52%	0.65%
90 Days	1.34%	1.23%
12 Months	13.81%	5.45%

16 Overlapping Holdings

Symbol	Grade	Weight in INCM	Weight in RAVI	Overlap
ABBV	D	0.74%	0.13%	0.13%
BA	F	0.39%	0.15%	0.15%
BAC	A	1.17%	0.57%	0.57%
C	A	0.01%	0.24%	0.01%
CMCSA	B	0.0%	0.28%	0.0%
CVX	A	1.71%	0.33%	0.33%
DUK	C	1.13%	0.07%	0.07%
JPM	A	1.54%	0.03%	0.03%
MCHP	D	0.45%	0.22%	0.22%
MS	A	0.4%	0.06%	0.06%
NEE	D	0.51%	0.57%	0.51%
NEE	D	0.47%	0.57%	0.47%
SBUX	A	0.49%	0.18%	0.18%
SO	D	0.81%	0.26%	0.26%
TFC	A	0.66%	0.59%	0.59%
VZ	C	0.74%	0.1%	0.1%

INCM Overweight 26 Positions Relative to RAVI

Symbol	Grade	Weight
XOM	B	1.51%
JNJ	D	1.22%
PG	A	1.04%
ADI	D	0.98%
PM	B	0.92%
LMT	D	0.9%
HON	B	0.86%
APD	A	0.81%
HD	A	0.81%
USB	A	0.81%
JCI	C	0.78%
BHP	F	0.76%
PEP	F	0.75%
KO	D	0.75%
PFE	D	0.69%
TTE	F	0.66%
ALB	C	0.63%
RTX	C	0.59%
ITW	B	0.56%
CSCO	B	0.54%
COP	C	0.41%
SRE	A	0.3%
XEL	A	0.3%
EIX	B	0.28%
MSFT	F	0.15%
MRK	F	0.01%

INCM Underweight 86 Positions Relative to RAVI

Symbol	Grade	Weight
VLO	C	-1.51%
ED	D	-1.05%
OGS	A	-1.05%
OTIS	C	-0.95%
PYPL	B	-0.95%
KDP	D	-0.95%
DHR	F	-0.86%
LYB	F	-0.83%
DTE	C	-0.77%
GE	D	-0.76%
TSN	B	-0.7%
WM	A	-0.69%
CI	F	-0.67%
CM	A	-0.62%
GP	F	-0.59%
GILD	C	-0.59%
AIG	B	-0.57%
SJM	D	-0.57%
AZO	C	-0.52%
NVDA	C	-0.52%
BNS	A	-0.52%
D	C	-0.51%
BDX	F	-0.51%
TD	F	-0.51%
RY	A	-0.51%
SYK	C	-0.49%
CCI	D	-0.49%
AON	A	-0.46%
UNH	C	-0.43%
BMY	B	-0.43%
AMZN	C	-0.42%
SCHW	B	-0.42%
CRM	B	-0.4%
VFC	C	-0.39%
OGE	B	-0.39%
ETR	B	-0.38%
AEP	D	-0.38%
NDAQ	A	-0.31%
ARCC	A	-0.3%
T	A	-0.3%
HSBC	B	-0.29%
CFG	B	-0.29%
MLM	B	-0.28%
DELL	C	-0.28%
DB	D	-0.28%
CP	D	-0.27%
WFC	A	-0.26%
CAT	B	-0.26%
CLX	B	-0.26%
LEN	D	-0.26%
ATHS	C	-0.26%
GS	A	-0.26%
AL	B	-0.25%
CMS	C	-0.24%
FIS	C	-0.23%
FITB	A	-0.22%
PPL	B	-0.22%
FOXA	B	-0.21%
NYC	D	-0.21%
CNP	B	-0.2%
LUV	C	-0.18%
MKC	D	-0.17%
AEE	A	-0.17%
BHF	B	-0.17%
CVS	D	-0.16%
KEY	B	-0.16%
SEB	F	-0.16%
UBS	C	-0.16%
PSX	C	-0.16%
AZN	D	-0.15%
NWG	C	-0.15%
ICE	C	-0.15%
MUFG	B	-0.14%
MET	A	-0.13%
DHI	D	-0.13%
AMT	D	-0.13%
CNH	C	-0.13%
HPE	B	-0.11%
EFX	F	-0.1%
GM	B	-0.1%
MDLZ	F	-0.09%
R	B	-0.08%
HRL	D	-0.07%
ROP	B	-0.07%
COF	B	-0.06%
PCAR	B	-0.05%