INCE: FRANKLIN INCOME EQUITY FOCUS ETF
What this ETF is trying to do
The Franklin Income Equity Focus ETF (INCE) is designed to provide investors with income. It does this by holding a variety of assets, including stocks and other financial instruments. As of October 4, 2026, the fund held 105 different assets.
Top Holdings
The fund's portfolio can change over time. Some of its largest holdings include:
• Chevron Corp: 3.29%
• Franklin Instl U.S. Govt Mny Mkt Fund: 3.04%
• Citigroup Global Markets ELN: 2.99%
• Royal Bank of Canada ELN: 2.9%
• PepsiCo Inc: 2.61%
What the numbers show
As of October 9, 2026, the share price was $66.59. To understand how the fund has performed, we look at two different types of returns:
• Price Return: This measures only the change in the share price. The one-year price return was 12.45%.
• Total Return: This is a broader measure that includes both the share-price change and the distributions paid out. The one-year total return was 18.35%.
Over a longer period, the three-year price return was 39.32%, while the three-year total return was 58.62%.
For a simple example, if you had invested $10,000 based on the estimated price from roughly one year ago ($59.22), and the price grew to the current $66.59, your investment would have grown to approximately $11,245 based on price movement alone.
Income and distribution explanation
This ETF usually pays distributions monthly. Over the last 12 months, it made 12 payments totaling $3.34 per share. This results in a distribution yield of approximately 5.02%.
It is important for beginners to remember that a high distribution yield alone can be misleading. While these payments provide cash income, they do not guarantee that the original amount invested (the principal) will stay the same or grow.
NAV erosion explanation
"NAV erosion" happens when the net asset value of a fund declines over time, which can lead to a falling share price. Investors who want steady income usually care about principal stability so their original investment doesn't shrink.
For this ETF, the erosion-risk score is 100, and the erosion severity is labeled as "good." The data shows "No price erosion detected," and the severe erosion-risk flag is false.
Pros
• The fund has shown positive price returns and total returns over the short and long term.
• It provides regular monthly cash distributions.
• It has a "good" erosion-risk measurement.
Cons
• The fund's value can fluctuate based on the market price of its holdings.
• Distribution yields do not guarantee the preservation of your original investment.
Beginner takeaway
The Franklin Income Equity Focus ETF is an income-focused fund that has seen its share price and total value grow over the last three years. It pays monthly distributions, and current data indicates no signs of NAV erosion.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | CHEVRON CORP | CVX | 3.52% |
| 2 | VERIZON COMMUNICATIONS INC | VZ | 3.01% |
| 3 | PROCTER & GAMBLE CO | PG | 2.62% |
| 4 | DUKE ENERGY CORP | DUK | 2.56% |
| 5 | SOUTHERN CO | SO | 2.39% |
| 6 | FRANKLIN INSTL U.S. GOVT MNY MKT FUND | INFXX | 2.38% |
| 7 | PEPSICO INC | PEP | 2.37% |
| 8 | LOCKHEED MARTIN CORP | LMT | 2.16% |
| 9 | U.S. BANCORP | USB | 1.93% |
| 10 | MEDTRONIC PLC | MDT | 1.90% |