VS
TD Target 2028 Investment Grade Bond ETF (TBCH) and Franklin Canadian Core Plus Bond Fund (FLCP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that TBCH focuses its top 3 sector exposures on Finance, Telecommunications, and Utilities, while FLCP leans towards Finance, Municipal, and Utilities. When evaluating costs, TBCH features a management fee (MER) of 0.2%, compared to 0.62% for FLCP. Performance-wise, TBCH has returned 1.4% year-to-date with +$65 M in net flows, whereas FLCP is at 0.01% with +$44 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
TBCH
FLCP
| AuM | $127.08 M | $151.62 M |
| Management Fees | 0.20% | 0.62% |
| Exp. ratio | 0.22% | 0.61% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 27, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TBCH | +0.25% | +0.18% | +1.40% | +1.16% | - |
FLCP | +1.07% | -0.97% | +0.01% | -1.23% | +15.52% | |
| Flows | TBCH | +$8 M | +$42 M | +$65 M | +$71 M | - |
FLCP | +$7 M | +$11 M | +$44 M | +$13 M | +$124 M |
TBCH vs FLCP exposure
Countries
TBCH
Canada
70.96%
USA
28.63%
FLCP
Canada
65.66%
USA
24.14%
Other
9.02%
Sectors
TBCH
Finance
53.90%
Telecommunications
14.97%
Utilities
12.04%
Other
19.10%
FLCP
Finance
25.32%
Municipal
15.81%
Utilities
12.84%
Energy
10.41%
Other
9.02%
Industrials
7.31%
Other
19.29%
As of October 27, 2026
Top 10 Holdings
TBCH
Sun Life Financial, 2.8% 21nov2033, CAD (2021-2)
7.42%
Toronto-Dominion Bank, 1.896% 11sep2028, CAD
6.42%
Royal Bank of Canada, 1.67% 28jan2033, CAD (23)
6.38%
Fortis Inc, 2.18% 15may2028, CAD
6.10%
Goldman Sachs, 2.013% 28feb2029, CAD
6.10%
Athene Global Funding, 2.47% 9jun2028, CAD (2021-14)
6.10%
New York Life Global Funding, 2% 17apr2028, CAD (2021-6)
6.04%
MetLife Global Funding I, 1.95% 20mar2028, CAD (2021-6)
6.04%
Bell Canada, 2.2% 29may2028, CAD (M-56)
5.85%
Bruce Power, 2.68% 21dec2028, CAD (2021-1)
5.82%
FLCP
USA, Notes 4.375% 15may2036, USD (C-2036)
2.93%
Province of Ontario, 2.9% 2dec2046, CAD (DMTN228)
1.67%
CPPIB Capital, 3.35% 2dec2030, CAD (68)
1.46%
PSP Capital, 4.25% 1dec2055, CAD (G-16)
1.39%
Alberta, 3.1% 1jun2050, CAD
1.26%
Province of Ontario, 2.65% 2dec2050, CAD (DMTN242)
1.25%
Province of Ontario, 4.65% 2jun2041, CAD (DMTN204)
1.15%
Alberta, 3.05% 1dec2048, CAD (DQ)
1.02%
Canada, Bonds 2.75% 1dec2055, CAD
0.99%
Province of Saskatchewan, 3.8% 2jun2035, CAD (FD)
0.95%
Diversification
TBCH
Total weight of top 10 holdings out of 25 total
62.25%
FLCP
Total weight of top 10 holdings out of 542 total
14.07%
Characteristics
Compare
TBCH
FLCP
| Provider | TD Asset Management | Franklin Templeton |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.78% | 3.88% |
| Meets ESG criteria | No | No |
| Inception Date | January 14, 2025 | August 7, 2019 |
Frequently asked questions about TBCH and FLCP
Which ETF has performed better year to date: TBCH or FLCP?
As of October 27, 2026, TBCH has returned 1.40% year to date, while FLCP has returned 0.01%. TBCH is ahead on YTD performance.
Which ETF is larger by assets under management: TBCH or FLCP?
As of October 27, 2026, TBCH manages $127.08 M in assets, while FLCP manages $151.62 M. FLCP is the larger fund by AUM.
How are TBCH and FLCP managed?
TBCH is actively managed by TD Asset Management. It does not track an index. FLCP is actively managed by Franklin Templeton. It does not track an index.
What sectors do TBCH and FLCP emphasize?
TBCH is most exposed to Finance, Telecommunications, and Utilities. FLCP is most exposed to Finance, Municipal, and Utilities.
Which ETF is attracting more investor flows: TBCH or FLCP?
Year to date, TBCH has seen +$64.71 M in net flows, compared with +$44.45 M for FLCP. TBCH has attracted more net investor money so far.
How do the fees of TBCH and FLCP compare?
TBCH has an expense ratio of 0.22%, while FLCP has an expense ratio of 0.61%.
What are the top holdings of TBCH and FLCP?
TBCH's largest 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). FLCP's top holdings include USA, Notes 4.375% 15may2036, USD (C-2036) and Province of Ontario, 2.9% 2dec2046, CAD (DMTN228).
Which ETF is more diversified: TBCH or FLCP?
TBCH holds 25 securities, while FLCP holds 396. On holdings count, FLCP is the more diversified portfolio.
Recent articles about TBCH and FLCP
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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.