Franklin FTSE Canada ETF (FLCA) is an exchange-traded fund that seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Canada RIC Capped Index, a market-cap weighted benchmark measuring large- and mid-capitalization Canadian stocks with security weight caps to limit over-concentration. The fund invests at least 80% of its assets in the index's component securities, including top holdings such as Royal Bank of Canada, Shopify Inc., Toronto-Dominion Bank, Enbridge Inc., and Brookfield Corp.; it offers semi-annual dividends, with the most recent ex-dividend date on June 20, 2025, yielding approximately 2.13% on a trailing twelve-month basis. Launched on November 2, 2017, and listed on NYSE Arca, FLCA is issued and managed by Franklin Templeton within its passive ETF platform, with an expense ratio of 0.09%, approximately $549 million in net assets, and exposure across key sectors including financials (37.85%), energy (15.72%), materials (14.33%), information technology (11.31%), and industrials (10.92%).
FLCA targets investors seeking cost-effective, tax-efficient exposure to the Canadian equity market, primarily through large-cap firms (>50% allocation) alongside mid-cap names (5-50 billion market cap), with operations domiciled in the United States and focused on publicly listed Canadian companies across diversified sectors.
In recent developments, Franklin Templeton, the fund's issuer, completed the acquisition of Apera Asset Management in September 2025 to bolster its capabilities; expanded its active ETF lineup with new international equity strategies in October 2025; and announced new pricing for its core equity fund suite in Canada, effective January 2026, alongside ETF cash distributions including for related products in August and October 2025.