INCE ETF Profile

Family:	Franklin Templeton
Name:	Franklin Income Equity Focus ETF

Inception Date:	20-Sep-2016
Termination Date:
Investment Objective:	The fund seeks income and capital appreciation with an emphasis on lower volatility. Under normal market conditions, the Fund invests 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. Equity securities include common stocks, preferred stocks, and securities convertible into common stocks, as well as equity-related instruments and other investments with similar economic characteristics. The Fund seeks income by investing in equity securities and equity-related instruments, including common stocks with dividend yields that the investment manager believes are attractive, while seeking capital appreciation and a lower level of volatility than the broader equity market as measured by the S&P 500 Index. The Fund may invest up to 50% of its assets in equity-linked notes (ELNs). The Fund may also invest up to 25% of its assets in foreign securities, either directly or through depositary receipts.

Prospectus

Top 10 Holdings
SOUTHERN CO/THE	SO	3.2500%
JOHNSON + JOHNSON	JNJ	3.1700%
VERIZON COMMUNICATIONS INC	VZ	3.1500%
CHEVRON CORP	CVX	2.9000%
PEPSICO INC	PEP	2.3200%
BARCLAYS BANK PLC	BACR 8 10/09/25	2.1700%
JOHNSON CONTROLS INTERNATION	JCI	2.1500%
ROYAL BK CDA	RY 8 5 07/15/25	2.1400%
THE TORONTO DOMINION BANK	TD 9 01/12/26	2.1000%
MERRILL LYNCH B V	59027W211	2.0200%
	Top 10 Holdings Weight:	25.4%