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YLDEFranklin ClearBridge Enhanced Income ETF

Get income9y track recordRanked #706 of 1,650 in this goal

Seeks to provide income and long-term capital appreciation.

By Franklin Templeton Investments · Launched 2017

Annual Cost

0.48%

#2,398 of 5,854 · average

Fund Size

$161M

#2,530 of 5,854 · mid-size

Dividend YieldGoal

5.06%

Track Record

9 years

#1,533 of 5,854 · established

Performance

Total-return NAV · USD
Growth of $10,000
$11,670+16.7%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

What it actually holds

By weight

Concentration

Top 10 holdings = 31.8% of fund✓ well diversified

Williams Companies Inc. (The)
4.7%
Exxon Mobil Corp.
3.8%
Microsoft Corp.
3.7%
Texas Instruments Inc.
3.0%
Alphabet Inc.
3.0%
Nestle SA
2.9%
Air Products & Chemicals, Inc.
2.9%
Broadcom Inc
2.9%
Apollo Global Management Inc
2.7%
Comcast Corporation
2.3%

Asset allocation

Stocks
97.7%
Cash
2.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
9.5%Low

Year-on-year price swings

Max drawdown
-33.2%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.91Decent risk-adjusted returns
Sortino (3Y)
1.30Good downside protection

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks to provide income and long-term capital appreciation.
Strategy
Pursues an enhanced equity income strategy by investing primarily in dividend-paying equity securities and writing U.S. exchange-traded call options on large-cap indices. Focuses on generating income while aiming for capital appreciation through equity investments.
Inception date
May 22, 2017
Fund family
Franklin Templeton Investments

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-03