VS
Franklin Canadian Core Plus Bond Fund (FLCP) and RBC Target 2032 Canadian Corporate Bond ETF (RQU) offer distinct profiles for Canadian ETF investors. A direct comparison shows that FLCP focuses its top 3 sector exposures on Finance, Municipal, and Utilities, while RQU leans towards Finance, Utilities, and Industrials. When evaluating costs, FLCP features a management fee (MER) of 0.62%, compared to 0.2% for RQU. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
FLCP
RQU
| AuM | $152.91 M | $71.70 M |
| Management Fees | 0.62% | 0.20% |
| Exp. ratio | 0.61% | 0.20% |
| Tracking Difference | - | - |
Historical performance and flows
As of November 6, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FLCP | +2.07% | +0.45% | +1.15% | +0.03% | +15.35% |
RQU | +1.33% | +0.43% | - | - | - | |
| Flows | FLCP | +$3 M | +$10 M | +$44 M | +$11 M | +$92 M |
RQU | +$20 M | +$53 M | - | - | - |
FLCP vs RQU exposure
Countries
FLCP
Canada
64.31%
USA
23.33%
Other
11.22%
RQU
Canada
76.02%
USA
22.83%
Sectors
FLCP
Finance
24.65%
Municipal
15.83%
Utilities
13.03%
Other
11.22%
Energy
10.49%
Industrials
7.38%
Other
17.40%
RQU
Finance
51.40%
Utilities
20.23%
Industrials
8.71%
Other
19.66%
As of November 6, 2026
Top 10 Holdings
FLCP
USA, Notes 4.375% 15may2036, USD (C-2036)
2.43%
Province of Ontario, 2.9% 2dec2046, CAD (DMTN228)
1.65%
CPPIB Capital, 3.35% 2dec2030, CAD (68)
1.47%
PSP Capital, 4.25% 1dec2055, CAD (G-16)
1.38%
Alberta, 3.1% 1jun2050, CAD
1.25%
Province of Ontario, 2.65% 2dec2050, CAD (DMTN242)
1.24%
Province of Ontario, 4.65% 2jun2041, CAD (DMTN204)
1.14%
Alberta, 3.05% 1dec2048, CAD (DQ)
1.01%
Canada, Bonds 2.75% 1dec2055, CAD
0.98%
PSP Capital, 4.15% 1jun2033, CAD (G-11)
0.94%
RQU
Toronto-Dominion Bank, 4.133% 9jan2033, CAD
9.90%
Brookfield Finance II, 5.431% 14dec2032, CAD
8.68%
Sun Life Financial, 4.14% 13sep2037, CAD (2025-1)
8.10%
Pacific Life Global Funding II, 4.195% 29jul2032, CAD (2025-8)
8.01%
New York Life Global Funding, 4% 17jun2032, CAD (2025-8)
7.94%
Massmutual Global Funding II, 4.127% 15jul2032, CAD (2025-5)
5.96%
Federation des caisses Desjardins du Quebec, 4.123% 25aug2032, CAD
4.07%
Hydro One Inc, 3.94% 25aug2032, CAD (61)
3.49%
Hydro One Inc, 6.93% 1jun2032, CAD (2)
3.47%
Enbridge Gas, 4.15% 17aug2032, CAD
2.54%
Diversification
FLCP
Total weight of top 10 holdings out of 549 total
13.50%
RQU
Total weight of top 10 holdings out of 40 total
62.16%
Characteristics
Compare
FLCP
RQU
| Provider | Franklin Templeton | RBC Global Asset Management |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.88% | - |
| Meets ESG criteria | No | No |
| Inception Date | August 7, 2019 | March 25, 2026 |
Frequently asked questions about FLCP and RQU
Which ETF is larger by assets under management: FLCP or RQU?
As of November 6, 2026, FLCP manages $152.91 M in assets, while RQU manages $71.70 M. FLCP is the larger fund by AUM.
How are FLCP and RQU managed?
FLCP is actively managed by Franklin Templeton. It does not track an index. RQU is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do FLCP and RQU emphasize?
FLCP is most exposed to Finance, Municipal, and Utilities. RQU is most exposed to Finance, Utilities, and Industrials.
How do the fees of FLCP and RQU compare?
FLCP has an expense ratio of 0.61%, while RQU has an expense ratio of 0.20%.
What are the top holdings of FLCP and RQU?
FLCP's largest holdings include USA, Notes 4.375% 15may2036, USD (C-2036) and Province of Ontario, 2.9% 2dec2046, CAD (DMTN228). RQU's top holdings include Toronto-Dominion Bank, 4.133% 9jan2033, CAD, Brookfield Finance II, 5.431% 14dec2032, CAD, and Sun Life Financial, 4.14% 13sep2037, CAD (2025-1).
Which ETF is more diversified: FLCP or RQU?
FLCP holds 388 securities, while RQU holds 40. On holdings count, FLCP is the more diversified portfolio.
Recent articles about FLCP and RQU
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