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Last close · CAD ·
CA$39.18
An International Developed equity index fund: 850 stocks, 59% Europe, unhedged.
Global equity exposure with a Europe tilt.Europe is the largest region at 58.9%, and it carried more weight in returns than any other market. It tracks the Solactive GBS Developed Markets ex North America Large & Mid Cap CAD Index NR.
Holdings →What can affect the returnOne dominant market: Europe was about 58.9% of the fund, making the fund sensitive to that market.
Performance →The cost to manage itThe reported annual management fee is 0.09%. This is not the total management expense ratio (MER).
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Global equity exposure with a Europe tilt. Europe is the largest region at 58.9%, and it carried more weight in returns than any other market. It tracks the Solactive GBS Developed Markets ex North America Large & Mid Cap CAD Index NR.
| Biggest positions | The 10 largest holdings are 13.3% of the fund | holdings ↓ |
| Fee | 0.09% per year | facts ↓ |
| Currency | CAD-unhedged | facts ↓ |
| How it's built | Direct | holdings ↓ |
Top holding: ASML Holdings N.V. 2.8% · Top sector: Financials 25.9%
Share of fund, %
Financials 25.9%·Industrials 18.5%·Technology 11.1%·Healthcare 10.0%·Consumer Discretionary 7.3%·All other sectors 6.5%·Premium sectors 20.1%·Unclassified 0.6%
Share of fund, %
Europe 58.9%·Japan 26.3%·Oceania 7.3%·Emerging Markets 5.6%·United States 1.4%
From the fund's own published holdings. As of 2026-09-04.
Holds its securities directly.
Return breakdown
The unit price grew 17.3% a year over this window while distributions added 2.2%: 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 1.8% recurring income, and over the last 3 years capital grew 17%/yr.
Paid from a mix of income and harvested gains. The latest taxable distribution (2025 T3) was 80% foreign income, 20% capital gains. The unit price grew 17.3% annualized over the window.
The fund paid a 1.8% distribution rate against a 19.9% annualized total return; the total return was at least the current distribution rate over this window.
| Ticker | FLUR.NE |
| Exchange | Cboe Canada |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Equity |
| Structure | Direct |
| Theme | Broad Market |
| Geography | International Developed |
| Index tracked | Solactive GBS Developed Markets ex North America Large & Mid Cap CAD Index NR |
| Provider | Franklin Advisory Services, LLC |
| MER | Not available |
| Management fee | 0.09% |
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 |
|---|---|---|
| Interest / other income | 0.2% | $0.0020 |
| Foreign income | 79.8% | $0.9255 |
| Capital gains | 20.0% | $0.2320 |
Foreign withholding tax already taken inside the fund: $0.0951 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.
$0.2320 per unit was reinvested as additional units rather than paid in cash. It is still part of the taxable distribution above, so it is taxed in 2025 even though no cash reached your account, and it appears on your T3 with no matching deposit.
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 1.8% 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.