INCE – Franklin Income Equity Focus ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks income and capital appreciation with an emphasis on lower volatility. Under normal market conditions, the fund will invest at least 80% of its net assets in equity securities, and in derivatives and other instruments that have economic characteristics and provide investment exposure similar to equity securities. It may invest up to 50% of its assets in equity-linked notes (ELNs).

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
INCE	Franklin Income Equity Focus ETF	ETF	Open			Sep 20, 2016	$352.45M	0.290%	—	—	$209.81M

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