Franklin Income Focus ETF

Fund Profile

Fund profile

Fund manager

Franklin High Yield Corporate ETF

Total assets

$418.82 mm

Liabilities

$2.13 mm

Net assets

$416.69 mm

Number of holdings

280.00

Top 200 of 280 Holdings

As of Dec 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
CVX Chevron Corporation	8.84 mm	61.03 k shares	2.12	Common equity	Long	USA
Institutional Fiduciary Trust - Money Market Portfolio	8.62 mm	8.62 mm shares	2.07	Common equity	Long	USA
JNJ Johnson & Johnson	8.49 mm	58.72 k shares	2.04	Common equity	Long	USA
U.S. Treasury STRIPS Principal	8.33 mm	31.50 mm principal	2.00	Debt	Long	USA
U.S. Treasury Bills	7.76 mm	7.80 mm principal	1.86	Short-term investment vehicle	Long	USA
XOM Exxon Mobil Corporation	6.85 mm	63.71 k shares	1.64	Common equity	Long	USA
JPM JPMorgan Chase & Co.	6.52 mm	27.20 k shares	1.56	Common equity	Long	USA
PEP PepsiCo, Inc.	6.12 mm	40.27 k shares	1.47	Common equity	Long	USA
U.S. Treasury STRIPS Principal	5.29 mm	14.00 mm principal	1.27	Debt	Long	USA
U.S. Treasury Notes	5.03 mm	5.00 mm principal	1.21	Debt	Long	USA
Royal Bank of Canada	4.99 mm	845.00 principal	1.20	Structured note	Long	Canada
BAC Bank of America Corporation	4.77 mm	108.58 k shares	1.15	Common equity	Long	USA
Royal Bank of Canada	4.74 mm	25.00 k principal	1.14	Structured note	Long	Canada
DUK Duke Energy Corporation	4.68 mm	43.39 k shares	1.12	Common equity	Long	USA
PG The Procter & Gamble Company	4.46 mm	26.59 k shares	1.07	Common equity	Long	USA
Freddie Mac Pool	4.45 mm	4.61 mm principal	1.07	ABS-mortgage backed security	Long	USA
MRK Merck & Co., Inc.	4.43 mm	44.51 k shares	1.06	Common equity	Long	USA
ADI Analog Devices, Inc.	4.17 mm	19.64 k shares	1.00	Common equity	Long	USA
U.S. Treasury Notes	3.90 mm	4.00 mm principal	0.93	Debt	Long	USA
U.S. Treasury Notes	3.83 mm	4.00 mm principal	0.92	Debt	Long	USA
PM Philip Morris International Inc.	3.77 mm	31.30 k shares	0.90	Common equity	Long	USA
USB U.S. Bancorp	3.72 mm	77.74 k shares	0.89	Common equity	Long	USA
BofA Finance LLC	3.68 mm	625.00 principal	0.88	Structured note	Long	USA
Mizuho Markets Cayman LP	3.64 mm	620.00 shares	0.87	Short-term investment vehicle	Long	Cayman Islands
BNP Paribas Issuance BV	3.62 mm	620.00 principal	0.87	Structured note	Long	Netherlands
HON Honeywell International Inc.	3.55 mm	15.72 k shares	0.85	Common equity	Long	USA
THC Tenet Healthcare Corporation	3.37 mm	3.38 mm principal	0.81	Debt	Long	USA
LMT Lockheed Martin Corporation	3.34 mm	6.87 k shares	0.80	Common equity	Long	USA
ABBV AbbVie Inc.	3.31 mm	18.60 k shares	0.79	Common equity	Long	USA
HD The Home Depot, Inc.	3.27 mm	8.41 k shares	0.79	Common equity	Long	USA
SO The Southern Company	3.26 mm	39.66 k shares	0.78	Common equity	Long	USA
VZ Verizon Communications Inc.	3.25 mm	81.38 k shares	0.78	Common equity	Long	USA
UNP Union Pacific Corporation	3.23 mm	14.15 k shares	0.77	Common equity	Long	USA
Toronto-Dominion Bank/The	3.20 mm	34.00 k principal	0.77	Structured note	Long	Canada
APD Air Products and Chemicals, Inc.	3.19 mm	11.01 k shares	0.77	Common equity	Long	USA
KO The Coca-Cola Company	3.18 mm	51.14 k shares	0.76	Common equity	Long	USA
Johnson Controls International plc	3.08 mm	38.97 k shares	0.74	Common equity	Long	Ireland
BHP Group Ltd	3.02 mm	61.95 k shares	0.73	Common equity	Long	Australia
BA The Boeing Company	3.02 mm	3.06 mm principal	0.72	Debt	Long	USA
HCA Inc	2.98 mm	2.94 mm principal	0.71	Debt	Long	USA
ROG-SE Roche Holding AG	2.89 mm	82.75 k shares	0.69	Common equity	Long	Switzerland
CHS/Community Health Systems Inc	2.71 mm	2.63 mm principal	0.65	Debt	Long	USA
TFC Truist Financial Corporation	2.63 mm	60.64 k shares	0.63	Common equity	Long	USA
American Airlines Inc	2.63 mm	2.50 mm principal	0.63	Debt	Long	USA
Royal Bank of Canada	2.61 mm	40.00 k principal	0.63	Structured note	Long	Canada
TTE TotalEnergies SE	2.56 mm	46.99 k shares	0.61	Common equity	Long	France
U.S. Treasury Notes	2.52 mm	2.50 mm principal	0.61	Debt	Long	USA
ITW Illinois Tool Works Inc.	2.46 mm	9.69 k shares	0.59	Common equity	Long	USA
Royal Bank of Canada	2.44 mm	20.00 k principal	0.58	Structured note	Long	Canada
AMGN Amgen Inc.	2.42 mm	9.27 k shares	0.58	Common equity	Long	USA
RTX RTX Corporation	2.34 mm	20.21 k shares	0.56	Common equity	Long	USA
F Ford Motor Company	2.29 mm	2.30 mm principal	0.55	Debt	Long	USA
CSCO Cisco Systems, Inc.	2.29 mm	38.64 k shares	0.55	Common equity	Long	USA
CHS/Community Health Systems Inc	2.25 mm	2.25 mm principal	0.54	Debt	Long	USA
BNP PARIBAS ISSUANCE B.V.	2.20 mm	56.00 k shares	0.53	Short-term investment vehicle	Long	Netherlands
CommScope LLC	2.19 mm	2.20 mm principal	0.53	Debt	Long	USA
ALB Albemarle Corporation	2.13 mm	24.79 k shares	0.51	Common equity	Long	USA
DTE DTE Energy Company	2.13 mm	17.64 k shares	0.51	Common equity	Long	USA
NEE NextEra Energy, Inc.	2.12 mm	29.52 k shares	0.51	Common equity	Long	USA
AstraZeneca PLC	2.11 mm	32.23 k shares	0.51	Common equity	Long	UK
Medtronic PLC	2.10 mm	26.23 k shares	0.50	Common equity	Long	Ireland
General Motors Financial Co Inc	2.07 mm	2.00 mm principal	0.50	Debt	Long	USA
Mauser Packaging Solutions Holding Co	2.03 mm	2.00 mm principal	0.49	Debt	Long	USA
NEE NextEra Energy, Inc.	2.03 mm	41.64 k shares	0.49	Preferred equity	Long	USA
U.S. Treasury Notes	2.00 mm	2.00 mm principal	0.48	Debt	Long	USA
THC Tenet Healthcare Corporation	1.99 mm	2.00 mm principal	0.48	Debt	Long	USA
CCO Holdings LLC / CCO Holdings Capital Corp	1.97 mm	2.00 mm principal	0.47	Debt	Long	USA
BA The Boeing Company	1.96 mm	32.25 k shares	0.47	Preferred equity	Long	USA
Fannie Mae Pool	1.96 mm	1.98 mm principal	0.47	ABS-mortgage backed security	Long	USA
Royal Bank of Canada	1.95 mm	25.00 k principal	0.47	Structured note	Long	Canada
Freddie Mac Pool	1.94 mm	1.96 mm principal	0.47	ABS-mortgage backed security	Long	USA
NEE NextEra Energy, Inc.	1.92 mm	46.99 k shares	0.46	Preferred equity	Long	USA
Calumet Specialty Products Partners LP / Calumet Finance Corp	1.92 mm	1.93 mm principal	0.46	Debt	Long	USA
JPMorgan Chase Bank NA	1.90 mm	12.00 k principal	0.46	Structured note	Long	USA
Delta Air Lines Inc / SkyMiles IP Ltd	1.88 mm	1.90 mm principal	0.45	Debt	Long	XX
Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc	1.85 mm	3.24 mm principal	0.44	Debt	Long	XX
IBM International Business Machines Corporation	1.85 mm	8.41 k shares	0.44	Common equity	Long	USA
JPMorgan Chase Bank NA	1.82 mm	40.00 k principal	0.44	Structured note	Long	USA
PCG+A Pacific Gas & Electric Co.	1.77 mm	1.80 mm principal	0.42	Debt	Long	USA
CNC Centene Corporation	1.68 mm	2.03 mm principal	0.40	Debt	Long	USA
MCHP Microchip Technology Incorporated	1.64 mm	28.60 k shares	0.39	Common equity	Long	USA
1375209 BC Ltd	1.63 mm	1.63 mm principal	0.39	Debt	Long	Canada
U.S. Treasury Bonds	1.63 mm	2.00 mm principal	0.39	Debt	Long	USA
MDLZ Mondelez International, Inc.	1.62 mm	27.20 k shares	0.39	Common equity	Long	USA
BCS Barclays PLC	1.61 mm	1.47 mm principal	0.39	Debt	Long	UK
MS Morgan Stanley	1.61 mm	12.81 k shares	0.39	Common equity	Long	USA
Royal Bank of Canada	1.60 mm	30.00 k principal	0.39	Structured note	Long	Canada
JPMorgan Chase Bank NA	1.59 mm	42.00 k principal	0.38	Structured note	Long	USA
CCL Carnival Corporation & plc	1.59 mm	1.59 mm principal	0.38	Debt	Long	Panama
BA The Boeing Company	1.57 mm	1.50 mm principal	0.38	Debt	Long	USA
Venture Global LNG Inc	1.56 mm	1.50 mm principal	0.37	Debt	Long	USA
COP ConocoPhillips	1.56 mm	15.73 k shares	0.37	Common equity	Long	USA
Citigroup Global Markets Holdings Inc/United States	1.53 mm	9.50 k principal	0.37	Structured note	Long	USA
WMB The Williams Companies, Inc.	1.47 mm	1.60 mm principal	0.35	Debt	Long	USA
Wells Fargo Bank NA	1.47 mm	37.00 k principal	0.35	Debt	Long	USA
F Ford Motor Company	1.46 mm	1.75 mm principal	0.35	Debt	Long	USA
CPNLQ Calpine Corp	1.46 mm	1.50 mm principal	0.35	Debt	Long	USA
Fannie Mae Pool	1.44 mm	1.48 mm principal	0.34	ABS-mortgage backed security	Long	USA
Vistra Operations Co LLC	1.43 mm	1.40 mm principal	0.34	Debt	Long	USA
Bank of America Corp	1.43 mm	1.50 mm principal	0.34	Debt	Long	USA
DVA DaVita Inc.	1.40 mm	1.52 mm principal	0.34	Debt	Long	USA
Morgan Stanley	1.38 mm	1.40 mm principal	0.33	Debt	Long	USA
Citigroup Global Markets Holdings Inc/United States	1.35 mm	3.75 k principal	0.32	Structured note	Long	USA
Ford Motor Credit Co LLC	1.33 mm	1.26 mm principal	0.32	Debt	Long	USA
Barclays Bank PLC	1.33 mm	7.00 k principal	0.32	Structured note	Long	UK
CCO Holdings LLC / CCO Holdings Capital Corp	1.30 mm	1.35 mm principal	0.31	Debt	Long	USA
Merrill Lynch BV	1.27 mm	3.00 k principal	0.31	Structured note	Long	Netherlands
XEL Xcel Energy Inc.	1.25 mm	18.56 k shares	0.30	Common equity	Long	USA
TransDigm Inc	1.23 mm	1.25 mm principal	0.30	Debt	Long	USA
Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc	1.22 mm	1.32 mm principal	0.29	Debt	Long	USA
Morgan Stanley	1.21 mm	1.15 mm principal	0.29	Debt	Long	USA
SRE Sempra	1.20 mm	13.73 k shares	0.29	Common equity	Long	USA
JPMorgan Chase Bank NA	1.19 mm	11.00 k principal	0.29	Structured note	Long	USA
EIX Edison International	1.18 mm	14.80 k shares	0.28	Common equity	Long	USA
BNP Paribas Issuance BV	1.18 mm	8.60 k principal	0.28	Structured note	Long	Netherlands
NRG NRG Energy, Inc.	1.16 mm	1.32 mm principal	0.28	Debt	Long	USA
UBS AG	1.15 mm	6.00 k principal	0.28	Structured note	Long	Switzerland
Broadcom Pte. Ltd.	1.14 mm	1.32 mm principal	0.27	Debt	Long	USA
BNP Paribas SA	1.14 mm	6.83 k principal	0.27	Structured note	Long	France
VST Vistra Corp.	1.13 mm	1.10 mm principal	0.27	Debt	Long	USA
Valeant Pharmaceuticals International	1.11 mm	1.14 mm principal	0.27	Debt	Long	Canada
Wells Fargo & Co	1.09 mm	1.10 mm principal	0.26	Debt	Long	USA
Mauser Packaging Solutions Holding Co	1.09 mm	1.07 mm principal	0.26	Debt	Long	USA
SCIH Salt Holdings Inc	1.09 mm	1.16 mm principal	0.26	Debt	Long	USA
Weatherford International Ltd	1.07 mm	1.04 mm principal	0.26	Debt	Long	Bermuda
NATIONAL BANK OF CANADA	1.06 mm	750.00 shares	0.25	Short-term investment vehicle	Long	Canada
Nestle SA	1.05 mm	12.88 k shares	0.25	Common equity	Long	Switzerland
Medline Borrower LP	1.05 mm	1.14 mm principal	0.25	Debt	Long	USA
OXY Occidental Petroleum Corporation	1.05 mm	1.00 mm principal	0.25	Debt	Long	USA
Venture Global LNG Inc	1.05 mm	1.00 mm principal	0.25	Debt	Long	USA
PPC Pilgrim's Pride Corporation	1.02 mm	1.00 mm principal	0.24	Debt	Long	USA
Dornoch Debt Merger Sub Inc	1.01 mm	1.25 mm principal	0.24	Debt	Long	USA
United Airlines Inc	1.01 mm	1.07 mm principal	0.24	Debt	Long	USA
COF Capital One Financial Corporation	1.00 mm	1.00 mm principal	0.24	Debt	Long	USA
American Airlines Inc/AAdvantage Loyalty IP Ltd	992.48 k	1.00 mm principal	0.24	Debt	Long	XX
BA The Boeing Company	990.32 k	5.60 k shares	0.24	Common equity	Long	USA
Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC	989.16 k	1.15 mm principal	0.24	Debt	Long	XX
LOW Lowe's Companies, Inc.	984.92 k	1.00 mm principal	0.24	Debt	Long	USA
JPMorgan Chase & Co	983.77 k	980.00 k principal	0.24	Debt	Long	USA
NFLX Netflix, Inc.	979.78 k	945.00 k principal	0.24	Debt	Long	USA
PCG PG&E Corporation	979.47 k	1.00 mm principal	0.24	Debt	Long	USA
Wynn Macau Ltd	971.16 k	980.00 k principal	0.23	Debt	Long	Cayman Islands
CZR Caesars Entertainment, Inc.	965.11 k	1.00 mm principal	0.23	Debt	Long	USA
BAT Capital Corp	964.82 k	850.00 k principal	0.23	Debt	Long	USA
CVS CVS Health Corporation	959.08 k	1.00 mm principal	0.23	Debt	Long	USA
Freddie Mac Pool	957.48 k	990.47 k principal	0.23	ABS-mortgage backed security	Long	USA
Fannie Mae Pool	950.78 k	983.34 k principal	0.23	ABS-mortgage backed security	Long	USA
MSFT Microsoft Corporation	946.27 k	2.25 k shares	0.23	Common equity	Long	USA
FMG Resources August 2006 Pty Ltd	901.04 k	1.00 mm principal	0.22	Debt	Long	Australia
GS The Goldman Sachs Group, Inc.	887.22 k	825.00 k principal	0.21	Debt	Long	USA
TIBX TIBCO Software Inc	884.51 k	900.00 k principal	0.21	Debt	Long	USA
T-Mobile USA Inc	881.60 k	900.00 k principal	0.21	Debt	Long	USA
General Motors Financial Co Inc	867.53 k	850.00 k principal	0.21	Debt	Long	USA
Vistra Operations Co LLC	862.83 k	800.00 k principal	0.21	Debt	Long	USA
AMT American Tower Corporation	857.74 k	850.00 k principal	0.21	Debt	Long	USA
CCL Carnival Corporation & plc	855.24 k	800.00 k principal	0.21	Debt	Long	Panama
Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd	835.83 k	830.00 k principal	0.20	Debt	Long	USA
NRG NRG Energy, Inc.	810.07 k	750.00 k principal	0.19	Debt	Long	USA
CZR Caesars Entertainment, Inc.	801.19 k	855.00 k principal	0.19	Debt	Long	USA
JetBlue Airways Corp / JetBlue Loyalty LP	797.65 k	750.00 k principal	0.19	Debt	Long	XX
MPH Acquisition Holdings LLC	794.00 k	925.00 k principal	0.19	Debt	Long	USA
CCO Clear Channel Outdoor Holdings, Inc.	790.24 k	820.00 k principal	0.19	Debt	Long	USA
CCO Clear Channel Outdoor Holdings, Inc.	788.65 k	750.00 k principal	0.19	Debt	Long	USA
Wynn Resorts Finance LLC / Wynn Resorts Capital Corp	788.50 k	800.00 k principal	0.19	Debt	Long	USA
VICI Properties LP	779.52 k	800.00 k principal	0.19	Debt	Long	USA
Alcoa Nederland Holding BV	770.33 k	825.00 k principal	0.18	Debt	Long	Netherlands
FCX Freeport-McMoRan Inc.	767.21 k	775.00 k principal	0.18	Debt	Long	USA
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp	767.19 k	775.00 k principal	0.18	Debt	Long	USA
Kinder Morgan Inc	763.67 k	775.00 k principal	0.18	Debt	Long	USA
ORCL Oracle Corporation	763.32 k	720.00 k principal	0.18	Debt	Long	USA
COF Capital One Financial Corporation	762.78 k	765.00 k principal	0.18	Debt	Long	USA
FMG Resources August 2006 Pty Ltd	761.28 k	770.00 k principal	0.18	Debt	Long	Australia
CARR Carrier Global Corporation	760.73 k	850.00 k principal	0.18	Debt	Long	USA
HPQ HP Inc.	757.12 k	750.00 k principal	0.18	Debt	Long	USA
Cheniere Corpus Christi Holdings LLC	751.63 k	800.00 k principal	0.18	Debt	Long	USA
Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc	738.71 k	800.00 k principal	0.18	Debt	Long	USA
Celanese US Holdings LLC	736.77 k	725.00 k principal	0.18	Debt	Long	USA
Wynn Resorts Finance LLC / Wynn Resorts Capital Corp	729.48 k	700.00 k principal	0.18	Debt	Long	USA
HPE Hewlett Packard Enterprise Company	721.28 k	750.00 k principal	0.17	Debt	Long	USA
AerCap Ireland Capital DAC / AerCap Global Aviation Trust	714.61 k	750.00 k principal	0.17	Debt	Long	Ireland
CPNLQ Calpine Corp	708.63 k	750.00 k principal	0.17	Debt	Long	USA
BLCO Bausch + Lomb Corporation	699.47 k	675.00 k principal	0.17	Debt	Long	Canada
POST Post Holdings, Inc.	695.62 k	700.00 k principal	0.17	Debt	Long	USA
Bombardier Inc	619.52 k	600.00 k principal	0.15	Debt	Long	Canada
Teva Pharmaceutical Finance Netherlands III BV	613.16 k	600.00 k principal	0.15	Debt	Long	Netherlands
Royal Caribbean Cruises Ltd	607.65 k	600.00 k principal	0.15	Debt	Long	Liberia
TransDigm Inc	605.98 k	600.00 k principal	0.15	Debt	Long	USA
Charter Communications Operating LLC / Charter Communications Operating Capital	599.50 k	600.00 k principal	0.14	Debt	Long	USA
COF Capital One Financial Corporation	589.28 k	600.00 k principal	0.14	Debt	Long	USA
KeyBank NA/Cleveland OH	583.11 k	615.00 k principal	0.14	Debt	Long	USA
ORCL Oracle Corporation	572.26 k	650.00 k principal	0.14	Debt	Long	USA
MCFE McAfee Corp.	549.46 k	565.00 k principal	0.13	Debt	Long	USA
Fresenius Medical Care US Finance III Inc	531.04 k	645.00 k principal	0.13	Debt	Long	USA
Endo Finance Holdings Inc	530.39 k	500.00 k principal	0.13	Debt	Long	USA
Rain Carbon Inc	529.07 k	500.00 k principal	0.13	Debt	Long	USA
BAT Capital Corp	528.71 k	500.00 k principal	0.13	Debt	Long	USA
JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl	527.92 k	530.00 k principal	0.13	Debt	Long	Luxembourg
Vistra Operations Co LLC	525.00 k	500.00 k principal	0.13	Debt	Long	USA
C Citigroup Inc.	524.48 k	500.00 k principal	0.13	Debt	Long	USA
Ashtead Capital Inc	521.78 k	550.00 k principal	0.13	Debt	Long	USA