INCM Holdings and Portfolio Weights Page 2

INCM ETF holdings Page 2

Weights reproduce the dated portfolio and may not sum to exactly 100% because of cash, derivatives, rounding, liabilities, or other positions. Provenance stays internal.

Snapshot field	Reported value
Fund	Franklin Income Focus ETF
Report date	2026-03-31
Reported holdings	353
SEC series ID	S000080465

Positions 101–200 of 353

Ticker	Issuer	Weight	Value (USD)	Balance
CRM	Salesforce Inc.	0.312206%	4,238,383.01	4,250,000 PA
TXN	Texas Instruments Inc.	0.311325%	4,226,427.8	21,770 NS
Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc.	Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc.	0.309871%	4,206,678.3	4,500,000 PA
Mizuho Markets Cayman LP	Mizuho Markets Cayman LP	0.307815%	4,178,776.02	7,250 NS
Government National Mortgage Association	Government National Mortgage Association	0.307414%	4,173,323.55	4,142,762.39 PA
Venture Global Plaquemines Lng LLC	Venture Global Plaquemines Lng LLC	0.306898%	4,166,328	4,000,000 PA
Asurion LLC / Asurion Co-Issuer Inc.	Asurion LLC / Asurion Co-Issuer Inc.	0.305928%	4,153,151.96	4,000,000 PA
Citigroup Global Markets Holdings Inc.	Citigroup Global Markets Holdings Inc.	0.305397%	4,145,944.76	20,000 PA
Federal Home Loan Mortgage Corp.	Federal Home Loan Mortgage Corp.	0.302531%	4,107,038.51	4,158,665.3 PA
Royal Bank of Canada	Royal Bank of Canada	0.297745%	4,042,063.94	30,000 NS
United States Treasury Notes	United States Treasury Notes	0.294618%	3,999,609.36	4,000,000 PA
TransDigm, Inc.	TransDigm, Inc.	0.293308%	3,981,833.2	4,000,000 PA
FITB	Fifth Third Bancorp	0.291677%	3,959,692.88	85,228 NS
SRE	Sempra	0.291411%	3,956,082.21	40,713 NS
United States Treasury Notes	United States Treasury Notes	0.290687%	3,946,250	4,000,000 PA
Beach Acquisition Bidco LLC	Beach Acquisition Bidco LLC	0.289616%	3,931,704.71	3,689,170.14 PA
Wells Fargo Bank, National Association	Wells Fargo Bank, National Association	0.288713%	3,919,448.97	33,000 NS
Morgan Stanley	Morgan Stanley	0.28828%	3,913,571.3	3,900,000 PA
J.P. Morgan Structured Products B.V.	J.P. Morgan Structured Products B.V.	0.286962%	3,895,672.93	11,500 PA
MCD	McDonald's Corp.	0.286097%	3,883,942.63	12,497 NS
ROYAL BANK OF CANADA	ROYAL BANK OF CANADA	0.277627%	3,768,956.3	20,000 PA
WYNN RESORTS FINANCE LLC	WYNN RESORTS FINANCE LLC	0.277287%	3,764,334.72	3,800,000 PA
TGT	Target Corp.	0.276869%	3,758,654.4	31,012 NS
Barclays Bank plc	Barclays Bank plc	0.274098%	3,721,041.06	25,000 PA
Venture Global LNG Inc.	Venture Global LNG Inc.	0.268256%	3,641,733.69	3,500,000 PA
UNP	Union Pacific Corporation	0.268077%	3,639,300	15,000 NS
THC	Tenet Healthcare Corporation	0.259814%	3,527,132	3,500,000 PA
Southern Co.	Southern Co.	0.259197%	3,518,749.22	3,500,000 PA
Government National Mortgage Association	Government National Mortgage Association	0.258861%	3,514,193.5	3,484,254.83 PA
Government National Mortgage Association	Government National Mortgage Association	0.257882%	3,500,906.71	3,473,691.45 PA
NRG	NRG Energy, Inc.	0.255625%	3,470,257.35	3,500,000 PA
MORGAN STANLEY FIN LLC	MORGAN STANLEY FIN LLC	0.254774%	3,458,706.97	14,000 PA
BNP Paribas Issuance BV	BNP Paribas Issuance BV	0.249965%	3,393,427.16	17,000 PA
Oracle Corp.	Oracle Corp.	0.243502%	3,305,688.23	3,220,000 PA
Toronto Dominion Bank New York Branch	Toronto Dominion Bank New York Branch	0.242429%	3,291,112.94	24,000 NS
VICI Properties LP	VICI Properties LP	0.239663%	3,253,567.28	3,300,000 PA
Federal National Mortgage Association	Federal National Mortgage Association	0.239583%	3,252,481.11	3,234,656.02 PA
Mizuho Markets Cayman LP	Mizuho Markets Cayman LP	0.237614%	3,225,748.72	50,000 NS
JPMorgan Chase Bank, National Association	JPMorgan Chase Bank, National Association	0.235026%	3,190,613.25	75,000 NS
Ford Motor Credit Company LLC	Ford Motor Credit Company LLC	0.23322%	3,166,094.1	3,000,000 PA
BANK OF AMERICA NA	BANK OF AMERICA NA	0.232676%	3,158,711.56	50,000 PA
PPC	Pilgrims Pride Corporation	0.231687%	3,145,290	3,000,000 PA
Boeing Co.	Boeing Co.	0.229259%	3,112,324.71	3,060,000 PA
Venture Global Plaquemines Lng LLC	Venture Global Plaquemines Lng LLC	0.227388%	3,086,928	3,000,000 PA
HRI	Herc Holdings Inc	0.226749%	3,078,252	3,000,000 PA
Weatherford International Ltd Bermuda	Weatherford International Ltd Bermuda	0.225939%	3,067,257	3,000,000 PA
TransDigm, Inc.	TransDigm, Inc.	0.224047%	3,041,565	3,000,000 PA
Merrill Lynch B.V.	Merrill Lynch B.V.	0.223116%	3,028,926.03	11,000 PA
Vistra Operations Co LLC	Vistra Operations Co LLC	0.22121%	3,003,058.37	2,900,000 PA
HCA Inc.	HCA Inc.	0.220569%	2,994,360.38	2,935,000 PA
Government National Mortgage Association	Government National Mortgage Association	0.217766%	2,956,304.37	2,981,086.11 PA
CLF	Cleveland-Cliffs Inc	0.214091%	2,906,406.9	3,000,000 PA
ARC FALCON I INC	ARC FALCON I INC	0.212956%	2,891,010	3,000,000 PA
CCO HOLDINGS LLC	CCO HOLDINGS LLC	0.210082%	2,851,992.56	2,800,000 PA
Clydesdale Acquisition Holdings Inc.	Clydesdale Acquisition Holdings Inc.	0.209346%	2,842,000.83	3,000,000 PA
CLOUD SOFTWARE GROUP HOLDINGS INC	CLOUD SOFTWARE GROUP HOLDINGS INC	0.20861%	2,832,010.37	2,900,000 PA
McAfee Corp	McAfee Corp	0.207193%	2,812,773.42	3,400,000 PA
Mauser Packaging Solutions Holding Co.	Mauser Packaging Solutions Holding Co.	0.205511%	2,789,933.4	3,000,000 PA
Citigroup Inc.	Citigroup Inc.	0.204131%	2,771,197	2,750,000 PA
GM	General Motors Company	0.20371%	2,765,488.45	2,700,000 PA
Capital One Financial Corp.	Capital One Financial Corp.	0.203455%	2,762,015.35	2,500,000 PA
CCO HOLDINGS LLC	CCO HOLDINGS LLC	0.199624%	2,710,014.3	2,700,000 PA
Calumet Specialty Products Partners LP / Calumet Finance Corp	Calumet Specialty Products Partners LP / Calumet Finance Corp	0.195749%	2,657,402.35	2,500,000 PA
CITIGROUP GLOBAL MARKETS	CITIGROUP GLOBAL MARKETS	0.195369%	2,652,256.47	20,000 PA
Government National Mortgage Association	Government National Mortgage Association	0.193175%	2,622,467.01	2,642,733.77 PA
JBS USA HOLDING LUX SARL	JBS USA HOLDING LUX SARL	0.192489%	2,613,149.18	2,530,000 PA
Celanese US Holdings Llc	Celanese US Holdings Llc	0.192383%	2,611,710	2,500,000 PA
U.S. Bancorp.	U.S. Bancorp.	0.192284%	2,610,365.55	2,500,000 PA
Energy Transfer LP	Energy Transfer LP	0.191593%	2,600,983.23	2,500,000 PA
BNP Paribas Issuance BV	BNP Paribas Issuance BV	0.19091%	2,591,711.75	25,000 PA
Univision Communications Inc.	Univision Communications Inc.	0.189929%	2,578,400.4	2,500,000 PA
CVS	CVS Health Corp	0.189912%	2,578,170	2,500,000 PA
United States Treasury Notes	United States Treasury Notes	0.188355%	2,557,031.25	2,500,000 PA
THC	Tenet Healthcare Corporation	0.188339%	2,556,820	2,500,000 PA
CVS	CVS Health Corp	0.186538%	2,532,370	2,500,000 PA
THC	Tenet Healthcare Corporation	0.186481%	2,531,590	2,500,000 PA
CCL	Carnival Corporation	0.184324%	2,502,312	2,500,000 PA
TransDigm, Inc.	TransDigm, Inc.	0.184256%	2,501,384	2,500,000 PA
Hilcorp Energy I L.P/Hilcorp Finance Co	Hilcorp Energy I L.P/Hilcorp Finance Co	0.183735%	2,494,311.25	2,500,000 PA
Truist Financial Corp.	Truist Financial Corp.	0.183574%	2,492,125.72	2,540,000 PA
Government National Mortgage Association	Government National Mortgage Association	0.18128%	2,460,985.13	2,418,106.589 PA
United Air Lines, Inc.	United Air Lines, Inc.	0.180799%	2,454,447.25	2,500,000 PA
OGN	Organon & Co	0.18032%	2,447,954.7	3,000,000 PA
DVA	Davita Inc	0.178592%	2,424,492.5	2,520,000 PA
TROX	Tronox Incorporated	0.177195%	2,405,520.3	3,000,000 PA
Federal Home Loan Mortgage Corp.	Federal Home Loan Mortgage Corp.	0.175581%	2,383,609.89	2,336,541.64 PA
THC	Tenet Healthcare Corporation	0.174567%	2,369,851.4	2,363,000 PA
The Toronto-Dominion Bank	The Toronto-Dominion Bank	0.1688%	2,291,562.82	11,000 PA
DELL	Dell Technologies Inc	0.167822%	2,278,288.53	13,881 NS
Venture Global Plaquemines Lng LLC	Venture Global Plaquemines Lng LLC	0.165209%	2,242,806	2,000,000 PA
Citigroup Global Markets Holdings Inc.	Citigroup Global Markets Holdings Inc.	0.164723%	2,236,216.93	50,000 PA
Dexko Global Inc	Dexko Global Inc	0.164584%	2,234,319.75	2,500,000 PA
PPLCU	PPL Corporation	0.161189%	2,188,236.56	42,664 PA
Occidental Petroleum Corp.	Occidental Petroleum Corp.	0.158494%	2,151,652.62	2,000,000 PA
MSFT	Microsoft Corp.	0.158096%	2,146,245.66	5,798 NS
General Motors Financial Company Inc	General Motors Financial Company Inc	0.156184%	2,120,296.58	2,000,000 PA
Federal National Mortgage Association	Federal National Mortgage Association	0.154917%	2,103,090.69	2,062,027.39 PA
AMZN	Amazon.com, Inc.	0.154419%	2,096,331.27	10,065.45 NS
Royal Bank of Canada	Royal Bank of Canada	0.154087%	2,091,815.5	14,400 NS
MERRILL LYNCH BV	MERRILL LYNCH BV	0.153277%	2,080,819.61	7,500 PA