What Is the FLCA ETF? A Complete Guide to Returns, Expense Ratio, Holdings and Alternative ETFs
The Franklin FTSE Canada ETF is a passive country fund that diversifies across Canadian large- and mid-cap stocks, giving investors low-cost exposure to the broad Canadian equity market along with dividends. Expense ratio, sector concentration and currency exposure are the key items to check, and comparison with other Canada and developed-market ETFs is the main selection criterion. The trading ticker is FLCA.
SubscribeWhat Is the Franklin FTSE Canada ETF?
It is a passive country ETF that tracks the FTSE Canada Index and diversifies across Canadian large- and mid-cap stocks. It holds the leading companies in the Canadian equity market weighted by market capitalization.
It suits country-diversification investors who want low-cost exposure to the Canadian stock market as a whole.
The ETF is managed by Franklin using a passive (index-tracking) approach.
How Does the Franklin FTSE Canada ETF Invest?
| Item | Details |
|---|---|
| Tracking Index | FTSE Canada Index |
| Management Style | Passive (index tracking) |
| Rebalancing Frequency | Periodic (per index rules) |
| Dividend Frequency | Semiannual dividends |
| Expense Ratio | 0.09% |
The fund holds the constituents of the FTSE Canada Index in proportion to their market capitalization, tracking the performance of Canadian large- and mid-cap stocks as a whole. The Canadian market has large weightings in financials and energy, so the movements of these sectors have a significant impact on performance.
- Broad diversified exposure to the Canadian equity market at a low expense ratio
- Reflects the Canadian market's focus on financials and energy
Franklin FTSE Canada ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) are $869.9M, and the expense ratio is 0.09% per year.
Unlike broad global ETFs, it is concentrated in a single country, so it is heavily affected by the Canadian economy, commodity prices and exchange rates.
Franklin FTSE Canada ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe Canadian market has large weightings in financials and energy, so it reacts sensitively to commodity prices and the interest rate environment. In commodity upcycles, its energy and materials weightings can lead to relative strength, but it may lag during commodity weakness or economic slowdowns.
Capital tends to flow into Canada ETFs when commodity strength and expectations of a Canadian economic recovery rise, while money may flow out when risk aversion strengthens. Exchange rate movements also influence fund flows.
Franklin FTSE Canada ETF Strengths and Weaknesses
Its strength is diversified exposure to the Canadian equity market at a low expense ratio, while single-country concentration, sector concentration and currency exposure are its weaknesses.
💪 Key Strengths
⚠️ Points to Watch
Franklin FTSE Canada ETF Alternative ETFs and Related Products
In the table, EWU, EWL and EWG are single-country ETFs for other developed markets such as the UK, Switzerland and Germany, while EWC and similar products are direct alternatives investing in the same Canadian market. To add more Canada exposure, you can also compare BBCA, which focuses on large caps, and to diversify across developed markets including Canada, VEA and EFA. These differ in index composition, expense ratio and breadth of diversification, so it is best to choose according to your investment goals.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 EWC | iShares MSCI Canada ETF | $60.94 | -0.6% | $7.5B | 0.50% | 1.23% | +21.4% |
 EWU | iShares MSCI United Kingdom ETF | $47.84 | +0.3% | $3.7B | 0.50% | 3.12% | +12.8% |
 EWL | iShares MSCI Switzerland ETF | $63.68 | +0.8% | $2.9B | 0.50% | 1.71% | +11.4% |
 EWP | iShares MSCI Spain ETF | $57.51 | -1.5% | $2.0B | 0.50% | 2.89% | +16.6% |
 EWG | iShares MSCI Germany ETF | $41.35 | -0.8% | $1.5B | 0.49% | 2.01% | -0.2% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| RY | Royal Bank Of Canada | 0.17% | $202.06 | +0.0% | $280.2B | 17.7 | 2.45% |
| TD | Toronto Dominion Bank | 0.12% | $125.12 | +0.3% | $211.4B | 18.6 | 2.54% |
| SHOP | Shopify Inc | 0.10% | $168.81 | -3.1% | $217.2B | 113.9 | - |
| BMO | Bank of Montreal | 0.04% | $170.44 | -0.0% | $118.4B | 19.2 | 2.86% |
| ENB | Enbridge Inc | 0.08% | $48.01 | +0.0% | $108.9B | 25.5 | 5.76% |
| BNS | Bank Of Nova Scotia | 0.04% | $93.41 | -0.6% | $115.0B | 16.9 | 3.46% |
Franklin FTSE Canada ETF Investor Checkpoints
Here are the points to review before investing in FLCA. As a Canada country ETF, it is important to check sector concentration, commodity sensitivity, currency exposure and the expense ratio in advance.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Confirm the low expense ratio of a passive country ETF | Low |
| 🏦 Sector Concentration | Check the concentration in financials and energy | Concentrated |
| 🛢️ Commodities | Impact of commodity prices on performance | Sensitive |
| 💱 Exchange Rate | Impact of Canadian dollar exchange rate changes | Not currency-hedged |
Because it is concentrated in a single country, it depends heavily on the Canadian economy and commodity prices, and its concentration in financials and energy can increase volatility when those sectors struggle. Korean investors also bear the risk of Canadian dollar exchange rate movements.
It is a passive ETF suited to country-diversification investors who want low-cost exposure to the Canadian equity market as a whole. To broaden diversification across developed markets, a developed-market ETF may be the alternative, and to focus on Canada, FLCA may be the alternative.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 4, 2026.
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