VS
Franklin Canadian Core Plus Bond Fund (FLCP) and TD Target 2028 Investment Grade Bond ETF (TBCH) 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 TBCH leans towards Finance, Telecommunications, and Utilities. When evaluating costs, FLCP features a management fee (MER) of 0.62%, compared to 0.2% for TBCH. Performance-wise, FLCP has returned 0.3% year-to-date with +$43 M in net flows, whereas TBCH is at 1.6% with +$67 M. 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
TBCH
| AuM | $149.89 M | $129.18 M |
| Management Fees | 0.62% | 0.20% |
| Exp. ratio | 0.61% | 0.22% |
| Tracking Difference | - | - |
Historical performance and flows
As of November 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FLCP | +1.42% | -0.77% | +0.30% | -0.48% | +13.91% |
TBCH | +0.24% | +0.38% | +1.60% | +1.47% | - | |
| Flows | FLCP | +$2 M | +$9 M | +$43 M | +$11 M | +$118 M |
TBCH | +$10 M | +$40 M | +$67 M | +$73 M | - |
FLCP vs TBCH exposure
Countries
FLCP
Canada
64.31%
USA
23.33%
Other
11.22%
TBCH
Canada
70.64%
USA
28.87%
Sectors
FLCP
Finance
24.65%
Municipal
15.83%
Utilities
13.03%
Other
11.22%
Energy
10.49%
Industrials
7.38%
Other
17.40%
TBCH
Finance
53.85%
Telecommunications
15.16%
Utilities
12.01%
Other
18.98%
As of November 3, 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%
TBCH
Sun Life Financial, 2.8% 21nov2033, CAD (2021-2)
7.36%
Toronto-Dominion Bank, 1.896% 11sep2028, CAD
6.44%
Royal Bank of Canada, 1.67% 28jan2033, CAD (23)
6.40%
Goldman Sachs, 2.013% 28feb2029, CAD
6.13%
Fortis Inc, 2.18% 15may2028, CAD
6.12%
Athene Global Funding, 2.47% 9jun2028, CAD (2021-14)
6.12%
New York Life Global Funding, 2% 17apr2028, CAD (2021-6)
6.08%
MetLife Global Funding I, 1.95% 20mar2028, CAD (2021-6)
6.07%
Bell Canada, 2.2% 29may2028, CAD (M-56)
5.89%
Granite REIT Holdings, 2.194% 30aug2028, CAD
5.83%
Diversification
FLCP
Total weight of top 10 holdings out of 549 total
13.50%
TBCH
Total weight of top 10 holdings out of 25 total
62.44%
Characteristics
Compare
FLCP
TBCH
| Provider | Franklin Templeton | TD Asset Management |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.91% | 1.78% |
| Meets ESG criteria | No | No |
| Inception Date | August 7, 2019 | January 14, 2025 |
Frequently asked questions about FLCP and TBCH
Which ETF has performed better year to date: FLCP or TBCH?
As of November 3, 2026, FLCP has returned 0.30% year to date, while TBCH has returned 1.60%. TBCH is ahead on YTD performance.
Which ETF is larger by assets under management: FLCP or TBCH?
As of November 3, 2026, FLCP manages $149.89 M in assets, while TBCH manages $129.18 M. FLCP is the larger fund by AUM.
How are FLCP and TBCH managed?
FLCP is actively managed by Franklin Templeton. It does not track an index. TBCH is actively managed by TD Asset Management. It does not track an index.
What sectors do FLCP and TBCH emphasize?
FLCP is most exposed to Finance, Municipal, and Utilities. TBCH is most exposed to Finance, Telecommunications, and Utilities.
Which ETF is attracting more investor flows: FLCP or TBCH?
Year to date, FLCP has seen +$42.71 M in net flows, compared with +$66.76 M for TBCH. TBCH has attracted more net investor money so far.
How do the fees of FLCP and TBCH compare?
FLCP has an expense ratio of 0.61%, while TBCH has an expense ratio of 0.22%.
What are the top holdings of FLCP and TBCH?
FLCP's largest holdings include USA, Notes 4.375% 15may2036, USD (C-2036) and Province of Ontario, 2.9% 2dec2046, CAD (DMTN228). TBCH's top holdings include Sun Life Financial, 2.8% 21nov2033, CAD (2021-2), Toronto-Dominion Bank, 1.896% 11sep2028, CAD, and Royal Bank of Canada, 1.67% 28jan2033, CAD (23).
Which ETF is more diversified: FLCP or TBCH?
FLCP holds 388 securities, while TBCH holds 25. On holdings count, FLCP is the more diversified portfolio.
Recent articles about FLCP and TBCH
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.