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ETF Model Portfolios · INCM · Conservative band

INCM against the ETFIQ Strategic 20 benchmark

Franklin Income Focus ETF holds 27.2% of its net assets in stocks, counted through the funds it holds, which places it in the conservative band. Its matched benchmark is ETFIQ Strategic, 20% stocks, a written rule, not a fund.

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In the year to Sep 30, 2026, INCM returned +8.18%, 6.51 points ahead of the ETFIQ Strategic 20 benchmark’s hypothetical +1.67%.

Growth of $10,000

Trailing ranges end on Sep 30, 2026, All on Oct 9, 2026. INCM’s line is its own market-price total return; the benchmark’s is dashed and shaded where hypothetical, before Oct 5, 2026. The largest drawdown of INCM is shaded where the comparison dates it. Computed by ETFIQ from Tiingo daily prices. Not published: the 5Y range, the comparison carries no such window; the 10Y range, the comparison carries no such window.

Growth of $10,000 over 1Y, Sep 30, 2025 to Sep 30, 2026: INCM ends at $10,818, Strategic 20 at $10,167, the benchmark hypothetical.$11,527$10,896$10,265$9,634hypothetical · the current rule applied to past prices$10,818$10,1672025 Sep2025 Dec2026 Apr2026 Jul2026 Sep
INCMStrategic 20, the benchmarkHypothetical
Value of $10,000 at six points from Sep 30, 2025 to Sep 30, 2026; the same numbers as the chart. INCM is its market-price total return; the benchmark is hypothetical.
Value onSep 30, 2025Dec 10, 2025Feb 24, 2026May 7, 2026Jul 21, 2026Sep 30, 2026
INCM$10,000$10,203$10,821$10,864$10,884$10,818
Reference$10,000$10,129$10,356$10,357$10,354$10,167
Growth of $10,000 over 3Y, Sep 29, 2023 to Sep 30, 2026: INCM ends at $13,731, Strategic 20 at $12,389, the benchmark hypothetical.$14,630$12,888$11,147$9,405hypothetical · the current rule applied to past prices$13,731$12,38920232024202520252026
INCMStrategic 20, the benchmarkHypotheticalLargest drawdown −7.84%, Feb 28, 2025 to Apr 8, 2025
Value of $10,000 at six points from Sep 29, 2023 to Sep 30, 2026; the same numbers as the chart. INCM is its market-price total return; the benchmark is hypothetical.
Value onSep 29, 2023May 6, 2024Dec 10, 2024Jul 21, 2025Feb 25, 2026Sep 30, 2026
INCM$10,000$10,944$11,797$12,328$13,743$13,731
Reference$10,000$10,755$11,445$11,801$12,636$12,389
Growth of $10,000 over the whole shared history, Jun 8, 2023 to Oct 9, 2026: INCM ends at $13,602, Strategic 20 at $12,104, the benchmark hypothetical.$14,342$12,633$10,924$9,215hypothetical · the current rule applied to past pricestracked$13,602$12,10420232024202520252026
INCMStrategic 20, the benchmarkHypothetical
Value of $10,000 at six points from Jun 8, 2023 to Oct 9, 2026; the same numbers as the chart. INCM is its market-price total return; the benchmark is hypothetical.
Value onJun 8, 2023Feb 7, 2024Oct 8, 2024Jun 10, 2025Feb 10, 2026Oct 9, 2026
INCM$10,000$10,600$11,543$11,858$13,450$13,602
Reference$10,000$10,412$11,080$11,278$12,193$12,104

INCM and Strategic 20 by window

WindowFromToINCMStrategic 20Difference, pointsSide
Year to dateDec 31, 2025Oct 9, 2026+6.51%+0.89%*+5.62INCM ahead
1 yearSep 30, 2025Sep 30, 2026+8.18%+1.67%*+6.51INCM ahead
3 years, a yearSep 29, 2023Sep 30, 2026+11.15%+7.40%*+3.75INCM ahead
5 years, a yearnot publishednot publishednot publishednot publishednot publishednot published
10 years, a yearnot publishednot publishednot publishednot publishednot publishednot published
Since Jun 8, 2023, a yearJun 30, 2023Sep 30, 2026+9.43%+5.73%*+3.70INCM ahead
INCM’s own market-price total return beside Strategic 20 over the same closes; YTD and 1 year as total returns, the longer windows a year over whole months. The difference is the two printed figures subtracted, in percentage points. *Hypothetical as a whole: the benchmark’s window begins before its tracked date, Oct 5, 2026. Data sourced by Tiingo.

Fees

PortfolioFeeA yearOn $10,000As of
INCMExpense ratio, from its prospectus0.38%$38Jul 27, 2026
Strategic 20Weighted fund fee, inside its returns0.04%$4Oct 9, 2026
Both fees are already inside the returns above. On $10,000 is the fee times 100, the dollars a year at that fee.

Risk over 3 years

FigureINCMStrategic 20
Volatility, a year7.48%6.18%
Largest drawdown, on daily values−7.84%−3.88%
Beta to the benchmark1.07measured against itself
Correlation0.88measured against itself
Tracking error, a year3.58%measured against itself
Up capture1.21measured against itself
Down capture0.84measured against itself
From monthly returns, Sep 29, 2023 to Sep 30, 2026, 36 months; the drawdown on daily values. Beta, correlation, tracking error and captures measure the fund against the benchmark.
How a benchmark is published

A written rule over broad, low-cost ETFs, frozen on Oct 3, 2026, with its weights, calendar and returns on its own page. Figures before Oct 5, 2026 are hypothetical: today’s rule and funds applied to earlier prices. Total returns are market price with distributions reinvested, net of each fund’s own fees, with nothing else deducted. The price source does not carry funds that closed before 2016, so nothing here is free of survivorship bias. Methodology v1.3 →

Where to next
INCM fund page→The Strategic 20 benchmark→Every benchmark at 20% stocks→Every model, side by side→How the benchmarks are built→

Questions people ask about INCM and its benchmark

Why is INCM measured against ETFIQ Strategic 20?
INCM holds 27.2% of its net assets in stocks, counted through the funds it holds, so it sits in the conservative band, more than 15% and up to 30% stocks. ETFIQ Strategic 20 is the benchmark for that band.
What does ETFIQ Strategic 20 hold?
20% VT and 80% US bonds (BND and AGG in equal parts), rebalanced on the last trading day of each month. It is a published rule, not a fund, and ETFIQ takes no payment from any fund company.
Why are the benchmark’s returns hypothetical?
Its rule was frozen on a stated date. Returns before it apply today’s rule and funds to earlier prices; the fund’s own returns are its market price with distributions reinvested. The price source does not carry funds that closed before 2016, so nothing here is free of survivorship bias.
Cite this page

ETFIQ, INCM vs the ETFIQ Strategic 20 benchmark, data as of Oct 9, 2026. https://etfiq.com/models/compare/incm/

Open data →

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data. Figures before Oct 5, 2026 are hypothetical.

Sources and credit
Prices and distributions, every fund the benchmarks holdData sourced by Tiingo · end of day · Oct 9, 2026The risk-free rate, for the Sharpe ratioU.S. Treasury daily bill ratesINCM’s page, with its prospectus and feeINCM’s page, with its prospectus and feeINCM’s prospectus filing, for its expense ratioINCM’s prospectus filing, for its expense ratio

Computed by ETFIQ from Tiingo daily prices. Data sourced by Tiingo.