At a glance
INCM charges 0.38% a year. It has $558.8M in assets; it paid 5.33% of its price in distributions over the past 12 months, monthly. Over the past year it returned +10.3% with distributions reinvested (S&P 500: +11.5%); over three years it returned +13.6% a year.
The short version
Franklin Income Focus ETF (INCM) is a multi-asset fund from Franklin Templeton, launched June 8, 2023, that aims to produce income and pays it out monthly. Its trailing 12-month yield was 5.33% as of October 27, 2026, and its price has moved much less than the stock market. Its 1-year beta was 0.26 (beta measures how much a fund moves with the market). It charges 0.38% a year.
Price history
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INCM +10.3% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| INCM price data to Oct 27, 2026 | +8.8% | +10.3% | +13.6% | — | — | +10.3% |
- Over the year to Oct 27, 2026, INCM returned +10.3%.
- Its worst full calendar year was 2024 (+7.2%); its best was 2025 (+13.1%).
- The deepest fall in its price history was 7.9% (Feb 28, 2025 to Apr 8, 2025), recovered by Jun 9, 2025.
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +8.8% |
| 2025 | +13.1% |
| 2024 | +7.2% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $1.1800 | |
| 2025 | $1.4000 | -2.1% |
| 2024 | $1.4300 |
How it works
INCM is classified as a multi-asset fund. A multi-asset income fund usually spreads its money across different kinds of investments, such as bonds and dividend-paying stocks, with the goal of paying steady income while limiting price swings. The fund's prospectus and a recent holdings report were not available for this page. That means we can't describe here the specific rules or manager judgments INCM uses to choose its holdings, weight them or rebalance them, and we can't name its largest positions.
Some mechanics are clearer. INCM is not a leveraged or inverse fund, and it is not flagged as an options-income, buffered, commodity or trust product. It pays distributions monthly. Over the 12 months to October 27, 2026, it paid $1.56 per share.
One more detail matters if you want to check the fund's documents yourself. The ticker could not be matched in the SEC's ticker files, which can happen after a fund is renamed. Franklin Templeton's prospectus for the fund is the authoritative source on what INCM may own, how much it can hold in each asset type, and how the managers make decisions. It is worth reading before relying on the summary here.
What it really costs
- INCM charges 0.38% a year.
In a retirement portfolio
INCM pays monthly, had a 5.33% trailing yield as of October 27, 2026, and its price has swung far less than the stock market's.
INCM may add a monthly income stream with modest price swings. Its volatility (how much its price bounces around) was 5.5% over one year and 7.2% over three years as of October 27, 2026. The fund launched in June 2023, so it has not been through the 2008, 2020 or 2022 downturns. Its deepest drop so far was 7.9%, from February 28 to April 8, 2025, and it recovered by June 9, 2025, about two months later. Its weakest full calendar year was 2024, at a gain of 7.2%. That is a short and fairly calm record. A retiree who has to sell shares in a severe bear market has no data on how INCM would hold up. The fund costs 0.38% a year, and we have no peer average to compare that with. Past results don't predict future ones, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Retirees who want monthly distributions. The trailing yield was 5.33% as of October 27, 2026.
- Investors who want income with smaller swings. Its 1-year beta was 0.26 and its deepest drop was 7.9%.
- People who want one multi-asset fund from Franklin Templeton handling the income mix, at a 0.38% annual expense ratio.
Look elsewhere if
- Investors who want proof of how a fund handled 2008, 2020 or 2022. INCM launched in June 2023.
- Anyone who needs to see exact holdings and documented selection rules before buying. Those details weren't available for this review.
- Long-term growth investors. A fund built for income with a beta of 0.26 is likely to lag in strong stock rallies.
Close alternatives
Matched by legacy category (no holdings report for this fund).
No close alternatives found.
Questions investors ask
Is INCM good for retirement income?
It may suit retirees who want monthly cash flow from one multi-asset fund. Franklin Income Focus ETF, from Franklin Templeton, paid $1.56 per share in the year to October 27, 2026, a trailing yield of 5.33%. Multi-asset means it can hold more than one kind of investment, such as stocks and bonds. The drawbacks: it launched on June 8, 2023, so it has no record through a deep bear market, and payouts can rise or fall.
Does INCM pay monthly dividends?
Yes. INCM pays distributions monthly. In the year to October 27, 2026, it paid $1.56 per share, a trailing yield of 5.33%. Trailing yield is the past year's payouts divided by the share price, so it describes what was paid, not a promise. A multi-asset fund's payouts depend on the interest and dividends its holdings earn, so the monthly amount can change from one payment to the next.
What is INCM's expense ratio?
INCM's expense ratio is 0.38% a year. The expense ratio is the yearly fee. It is taken out of the fund's assets, so it shows up as slightly lower returns rather than as a separate bill. The fee is small next to the 5.33% trailing yield as of October 27, 2026, but it still reduces what reaches shareholders. Fees for multi-asset income funds can vary, so INCM's fee is worth comparing with similar ETFs.
What is INCM's average annual return?
Based on market prices through October 27, 2026, INCM returned 13.6% a year over three years, about 47% in total, and 10.3% over the past year. By calendar year, it gained 7.2% in 2024 and 13.1% in 2025. For 2026 it was up 8.8% through October 27, which is not a full year. The fund has about 3.4 years of history, so it has no longer-term record yet. Past returns don't predict future ones.
How risky is INCM?
INCM has been fairly steady so far. Its largest drop was 7.9%, from February 28 to April 8, 2025, and it recovered by June 9, 2025, about two months later. As of October 27, 2026, its one-year volatility (a measure of how much returns swing) was 5.5%. Its beta was 0.26, meaning it moved about a quarter as much as the stock market. The catch: it launched in June 2023, after the 2020 crash and the 2022 bear market, so it hasn't faced a severe downturn.