Not advice. DecodeETF is an information service, not a registered adviser. Past performance does not guarantee future results. Full disclaimer
Last close · CAD ·
CA$46.52
A Canadian equity index fund: 207 stocks, 97% Canada, unhedged.
Broad Canadian equity exposure.This is benchmark-driven single-country exposure rather than a narrow stock pick. It tracks the FTSE Canada All Cap Domestic Total Return Index. The portfolio also has a noticeable Financials tilt.
Holdings →What can affect the returnSector weight: Financials was about 35.3% of the fund, making the fund sensitive to that sector.
Performance →The cost to manage itThe reported annual management fee is 0.05%. This is not the total management expense ratio (MER).
Fund facts →Loading performance…
Loading cash payouts…
Loading tax character…
Broad Canadian equity exposure. This is benchmark-driven single-country exposure rather than a narrow stock pick. It tracks the FTSE Canada All Cap Domestic Total Return Index. The portfolio also has a noticeable Financials tilt.
| Biggest positions | The 10 largest holdings are 38.7% of the fund | holdings ↓ |
| Fee | 0.05% per year | facts ↓ |
| Currency | CAD-unhedged | facts ↓ |
| How it's built | Direct | holdings ↓ |
Top holding: Royal Bank of Canada 8.0% · Top sector: Financials 35.3%
Share of fund, %
Financials 35.3%·Materials 18.9%·Energy 16.7%·Industrials 9.9%·Technology 8.1%·All other sectors 3.4%·Premium sectors 7.6%
Share of fund, %
Canada 97.4%·United States 2.4%·Emerging Markets 0.1%
From the fund's own published holdings. As of 2026-09-04.
Holds its securities directly.
Return breakdown
The unit price grew 21.0% a year over this window while distributions added 2.6%: 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 2.0% recurring income, and over the last 3 years capital grew 21%/yr.
Paid from portfolio income. 100% of the latest taxable distribution (2025 T3) was recurring income (dividends, interest, foreign income). The unit price grew 21.0% annualized over the 3-year window on top of the payout.
The fund paid a 2.0% distribution rate against a 24.2% annualized total return; the total return was at least the current distribution rate over this window.
| Ticker | FLCD.NE |
| Exchange | Cboe Canada |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Equity |
| Structure | Direct |
| Theme | Broad Market |
| Geography | Canada |
| Index tracked | FTSE Canada All Cap Domestic Total Return Index |
| Provider | Franklin Advisory Services, LLC |
| MER | Not available |
| Management fee | 0.05% |
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.
Explore the Yield Hub →Loading comparable funds…
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 |
|---|---|---|
| Eligible dividends | 100.0% | $0.9838 |
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 2.0% 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.
Illustrative, not tax advice.