INCM – Franklin Income Focus ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks high current income while maintaining prospects for capital appreciation. Under normal market conditions, the fund invests in a diversified portfolio of debt and equity securities. It may dynamically shift its investments from one asset class to another based on the investment manager's analysis of the most attractive opportunities for the fund’s portfolio in a given market. The fund may invest up to 25% of its total assets in debt securities that are rated below investment grade (also known as “junk bonds”), including a portion in defaulted securities.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
INCM	Franklin Income Focus ETF	ETF	Open			Jun 6, 2023	$1.88B	0.380%	—	—	$942.05M

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