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Last close · CAD ·
CA$59.43
A U.S. equity index fund: 498 stocks, 99% United States, unhedged.
Broad U.S. equity exposure.This is benchmark-driven single-country exposure rather than a narrow stock pick. It tracks the FTSE USA Index. The portfolio also has a noticeable Technology tilt.
Holdings →What can affect the returnSector weight: Technology was about 38.8% of the fund, making the fund sensitive to that sector.
Performance →The cost to manage itThe reported annual management fee is 0.07%. This is not the total management expense ratio (MER).
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Broad U.S. equity exposure. This is benchmark-driven single-country exposure rather than a narrow stock pick. It tracks the FTSE USA Index. The portfolio also has a noticeable Technology tilt.
| Biggest positions | The 10 largest holdings are 37.5% of the fund | holdings ↓ |
| Fee | 0.07% per year | facts ↓ |
| Currency | CAD-unhedged | facts ↓ |
| How it's built | Direct | holdings ↓ |
Top holding: NVIDIA Corporation 8.1% · Top sector: Technology 38.8%
Share of fund, %
Technology 38.8%·Financials 12.2%·Communication Services 9.7%·Healthcare 9.3%·Consumer Discretionary 9.2%·All other sectors 7.6%·Premium sectors 13.1%
Share of fund, %
United States 99.2%·Europe 0.4%·Emerging Markets 0.3%
From the fund's own published holdings. As of 2026-09-04.
Holds its securities directly.
Return breakdown
The unit price grew 21.8% a year over this window while distributions added 0.9%: the income came on top of capital growth, not out of it.
3-year annualized, on a shared scale: bars left of the line are negative. Capital appreciation is the fund's own unit-price change; income return is the contribution from distributions being reinvested. The two combine (multiplicatively) to the total return. This is not the cash paid; see the cash row.
Cash payments, tax character and total return use different measures. Each section states its period and basis.
About 0.7% recurring income, and over the last 3 years capital grew 22%/yr.
Paid from portfolio income. 100% of the latest taxable distribution (2025 T3) was recurring income (dividends, interest, foreign income). The unit price grew 21.8% annualized over the 3-year window on top of the payout.
The fund paid a 0.7% distribution rate against a 23.0% annualized total return; the total return was at least the current distribution rate over this window.
| Ticker | FLAM.NE |
| Exchange | Cboe Canada |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Equity |
| Structure | Direct |
| Theme | Broad Market |
| Geography | United States |
| Index tracked | FTSE USA Index |
| Provider | Franklin Advisory Services, LLC |
| MER | Not available |
| Management fee | 0.07% |
Prices as of 2026-09-18. Distributions as of 2026-09-18. Tax character year 2025.
Recurring yield applies the latest annual tax-character split to trailing cash yield. Recurring income excludes capital gains and return of capital. Tax character includes reinvested amounts and reports foreign income before foreign tax is withheld; cash charts exclude both.
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Browse Canadian ETFs →How it's taxed
The CRA taxes each distribution dollar by its character. These shares are measured against the full taxable distribution, including any portion the fund reinvested as units rather than paying in cash.
Share of the distribution, %
| Character (2025) | % of taxable | $ / unit |
|---|---|---|
| Foreign income | 100.0% | $0.6067 |
Foreign withholding tax already taken inside the fund: $0.0791 per unit. In a non-registered account, foreign tax reported on the T3 may be claimable as a foreign tax credit, subject to T2209 limits. TFSA and RRSP accounts do not claim that T3 credit.
Based on Franklin Advisory Services, LLC's 2025 T3 / tax-factor filing. Character can vary year to year. This is not tax advice; consult a tax professional about your situation.
What you keep, in your account
Each figure below starts from the headline yield of 0.7% and shows an estimate of what you keep after tax. Where you hold the fund changes the answer: a TFSA shelters Canadian tax and can still lose foreign withholding tax when the fund has foreign withholding, a non-registered account taxes each character at its own rate, and an RRSP defers tax until you withdraw.
No Canadian tax inside a TFSA. Foreign withholding tax, if the fund holds foreign stocks, is still lost and cannot be recovered.
Illustrative, not tax advice.