INCM vs. SPDV ETF Comparison

Comparison of Franklin Income Focus ETF (INCM) to AAM S&P 500 High Dividend Value ETF (SPDV)

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

SPDV

AAM S&P 500 High Dividend Value ETF

SPDV Description

The investment seeks to track the total return performance, before fees and expenses, of the S&P 500 Dividend and Free Cash Flow Yield Index. The index is a rules-based, equal-weighted index that is designed to provide exposure to the constituents of the S&P 500® Index that exhibit both high dividend yield and sustainable dividend distribution characteristics, while maintaining diversified sector exposure. At least 80% of the fund?s net assets, plus borrowings for investment purposes, will be invested in equity securities that (i) are included in the S&P 500 Index and (ii) have had a positive indicated annual dividend yield within the past year.

Grade (RS Rating)

Last Trade

$34.83

Average Daily Volume

3,148

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	INCM	SPDV
30 Days	0.27%	4.09%
60 Days	0.52%	5.48%
90 Days	1.34%	8.23%
12 Months	13.81%	33.92%

9 Overlapping Holdings

Symbol	Grade	Weight in INCM	Weight in SPDV	Overlap
ABBV	D	0.74%	1.6%	0.74%
CMCSA	B	0.0%	1.9%	0.0%
CSCO	B	0.54%	2.07%	0.54%
CVX	A	1.71%	1.74%	1.71%
NEE	D	0.51%	1.71%	0.51%
NEE	D	0.47%	1.71%	0.47%
TFC	A	0.66%	1.78%	0.66%
USB	A	0.81%	1.9%	0.81%
VZ	C	0.74%	1.79%	0.74%

INCM Overweight 33 Positions Relative to SPDV

Symbol	Grade	Weight
JPM	A	1.54%
XOM	B	1.51%
JNJ	D	1.22%
BAC	A	1.17%
DUK	C	1.13%
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%
SO	D	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%
SBUX	A	0.49%
MCHP	D	0.45%
COP	C	0.41%
MS	A	0.4%
BA	F	0.39%
SRE	A	0.3%
XEL	A	0.3%
EIX	B	0.28%
MSFT	F	0.15%
C	A	0.01%
MRK	F	0.01%

INCM Underweight 46 Positions Relative to SPDV

Symbol	Grade	Weight
VST	B	-3.59%
TPR	B	-2.34%
WMB	A	-2.33%
KMI	A	-2.24%
SNA	A	-2.23%
BMY	B	-2.18%
CMI	A	-2.16%
NRG	B	-2.15%
IP	B	-2.14%
CF	B	-2.12%
MMM	D	-2.08%
KEY	B	-2.03%
GILD	C	-2.03%
SPG	B	-2.02%
T	A	-2.01%
BXP	D	-2.0%
WEC	A	-2.0%
IBM	C	-1.96%
HBAN	A	-1.96%
MO	A	-1.91%
TAP	C	-1.9%
VTRS	A	-1.88%
OMC	C	-1.84%
HPE	B	-1.77%
IVZ	B	-1.76%
HAS	D	-1.75%
DOC	D	-1.74%
AMCR	D	-1.73%
UPS	C	-1.72%
HST	C	-1.7%
BBY	D	-1.67%
SWK	D	-1.66%
HPQ	B	-1.63%
CVS	D	-1.63%
IPG	D	-1.61%
VLO	C	-1.59%
KHC	F	-1.57%
CAG	D	-1.52%
ARE	D	-1.51%
LYB	F	-1.45%
ADM	D	-1.43%
LKQ	D	-1.41%
DOW	F	-1.38%
F	C	-1.32%
APA	D	-1.23%
SWKS	F	-1.23%