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
94.7 M
ASSETS UNDER MGMT
29 bp
EXPENSES
Fund Basics
Fund sponsor | Franklin ETF Trust |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Sep 20, 2016 |
Assets (mns) | $95 |
Expense ratio | 29 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Proprietary |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
AMPHENOL CORP-CL A | 2.1 % |
ORACLE CORP | 2.0 % |
MICROSOFT CORP | 1.8 % |
ANALOG DEVICES INC | 1.8 % |
TEXAS INSTRUMENTS INC | 1.8 % |
VONTIER CORP | 1.7 % |
ANSYS INC | 1.7 % |
APPLE INC | 1.7 % |
ALPHABET INC. CLASS A | 1.7 % |
SYNOPSYS INC | 1.6 % |
Constituent Breakdown
Number of holdings | 85 |
Herfindahl-Hirschman Index | 125 |
Wgt avg mkt cap (mns) | $324,930 |
Large cap (>$10bn) | 94.9% |
Mid cap ($2-10bn) | 5.1% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 94.3 % | |
IRELAND | 2.4 % | |
CANADA | 1.2 % | |
BRITAIN | 0.9 % |
Historical Performance
Standardized Performance (as of 08/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 11.6% | 18.0% | 14.5% | 7.2% | 11.4% | -- | 12.8% | Volatility | 9.3% | 9.8% | 14.2% | 14.2% | 19.0% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.81 | 89% |
MSCI EAFE | 0.77 | 76% |
MSCI Emg Mkts | 0.54 | 37% |
Liquidity Measures
Avg. volume (000) | 10 |
Turnover | 0.6% |
Avg. Bid/Ask (% of price) | 0.15% |
ADV of underlying (mns) | $54,500 |
Technical Indicators
Recent close | $55.71 |
30d moving avg. | $56.25 |
Annualized volatility | 15.5% |
Relative strength (RSI) | 5 |
Short interest (ETF) | 0.7% |
Short interest (underlying) | 1.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. INCE |
Expenses vs. INCE |
ALTAR Score™ vs. INCE |
---|---|---|---|---|
EQWL | Invesco S&P 100 Equal Weight ETF | 46.4% | -4 bp | +0.8% |
FDLO | Fidelity Low Volatility Factor ETF | 42.8% | -14 bp | -0.5% |
PFM | Invesco Dividend Achievers ETF | 42.4% | +24 bp | -0.3% |
VIG | Vanguard Dividend Appreciation ETF | 39.6% | -23 bp | -0.1% |
DGRO | iShares Core Dividend Growth ETF | 39.3% | -21 bp | +0.7% |
OUSA | ALPS O'Shares U.S. Quality Dividend ETF | 38.7% | +19 bp | +0.2% |
LVOL | American Century Low Volatility ETF | 38.7% | 0 bp | -0.9% |
USMV | iShares MSCI USA Min Vol Factor ETF | 37.4% | -14 bp | -0.1% |
MGV | Vanguard Mega Cap Value ETF | 36.3% | -22 bp | +0.8% |
DLN | WisdomTree U.S. LargeCap Dividend Fund | 35.7% | -1 bp | +0.2% |
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
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
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 9/6/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
INCE
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
INCE
5.8%
Cat. Avg
5.8%
ALTAR Score™ Calculation
Category Overview
There are 920 funds in the US Equity category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.5%. INCE's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places INCE in the 50th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
INCESELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Active US Equity ETFs |
# of ETFs | 308 |
Avg. Expense Ratio | 67.1 bp |
Std. Deviation | 37 bp |
INCE (29 bp) Percentile rank | 16 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
INCE | 29.0 | 15.4 | 44.4 |
Peer Avg. | 56.5 | 21.9 | 78.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .