INCE
Franklin Income Equity Focus ETF
The Franklin Liberty U.S. Low Volatility ETF is an actively-managed fund which seeks capital appreciation with lower volatility than the Russell 1000 Index.
US
EQUITY
Active
MANAGEMENT STYLE
$ 129.2 M
ASSETS UNDER MGMT
29 bp
EXPENSES
Fund Basics
| Inception date | Sep 20, 2016 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ANALOG DEVICES INC | 5.1 % |
| PEPSICO INC | 3.3 % |
| CHEVRON CORP | 3.2 % |
| JOHNSON & JOHNSON | 2.8 % |
| JOHNSON CONTROLS INTERNATIONAL PLC | 2.7 % |
| SOUTHERN CO | 2.6 % |
| PROCTER & GAMBLE CO/THE | 2.5 % |
| VERIZON COMMUNICATIONS INC | 2.5 % |
| LOCKHEED MARTIN CORP | 2.5 % |
| MERCK & CO. INC. | 2.4 % |
Constituent Breakdown
| Number of holdings | 75 |
| Herfindahl-Hirschman Index | 145 |
| Wgt avg mkt cap (mns) | $378,930 |
| Large cap (>$10bn) | 95.4% |
| Mid cap ($2-10bn) | 3.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 64.1% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 57.0 % |
 |
BRITAIN | 3.6 % |
 |
IRELAND | 2.7 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 10.5% | 21.8% | 12.5% | 13.2% | 7.9% | -- | -- | 10.6% |
| Dividend Yield | 2.6% | 6.4% | 5.9% | 4.6% | 3.3% | -- | -- | 2.7% |
| Total Returns | 13.2% | 28.3% | 18.4% | 17.9% | 11.3% | -- | -- | 13.3% | Ann. Volatility | 8.7% | 8.3% | 11.9% | 11.2% | 13.3% | -- | -- | 15.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.43 | 37% |
| MSCI EAFE | 0.36 | 42% |
| MSCI Emg Mkts | 0.22 | 27% |
Liquidity Measures
| Avg. volume (000) | 16 |
| ADV traded (mns) | $1 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.16% |
Technical Indicators
| 30d moving avg. (EMA) | $66.33 |
| Relative strength (RSI) | 64 |
| MACD/Signal | 0.44/0.40 |
| Bollinger Bands (Upper/Lower) | $67.42/$65.82 |
| Short interest (% of AUM) | 0.6% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. INCE |
Expenses vs. INCE |
ALTAR Score™ vs. INCE |
|---|---|---|---|---|
| LVDS | JPMorgan Fundamental Data Science Large Value ETF | 38.2% | +20 bp | -0.4% |
| MDLV | Morgan Dempsey Large Cap Value ETF | 31.7% | +29 bp | +0.3% |
| DVND | Touchstone Dividend Select ETF | 31.2% | +38 bp | -0.3% |
| MGV | Vanguard Mega Cap Value ETF | 30.4% | -22 bp | -0.1% |
| TBG | TBG Dividend Focus ETF | 28.9% | +30 bp | +0.3% |
| DLN | WisdomTree U.S. LargeCap Dividend Fund | 28.6% | -1 bp | +0.0% |
| VYM | Vanguard High Dividend Yield Index ETF | 28.5% | -23 bp | +0.5% |
| DIVL | Madison Dividend Value ETF | 28.2% | +36 bp | -0.6% |
| VALQ | American Century U.S. Quality Value ETF | 27.7% | 0 bp | +1.9% |
| SPDG | State Street SPDR Portfolio S&P Sector Neutral Dividend ETF | 27.6% | -24 bp | +1.7% |
Risk and Returns: INCE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
5.9%
ALTAR SCORE™
61st
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 1,399 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. INCE's ALTAR Score™ is approximately 0.3 standard
deviations above the category average. This places INCE in the 61st percentile
among funds in the category.
Sell-Side Consensus
$70.33
PRICE TARGET
+3.4%
UPSIDE