VS
TD Target 2028 Investment Grade Bond ETF (TBCH) and Franklin Canadian Short Term Bond Fund (FLSD) 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 FLSD leans towards Finance, Government Agencies, and Energy. When evaluating costs, TBCH features a management fee (MER) of 0.2%, compared to 0.46% for FLSD. Performance-wise, TBCH has returned 1.4% year-to-date with +$65 M in net flows, whereas FLSD is at 1.11% with +$54 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
FLSD
| AuM | $127.08 M | $117.86 M |
| Management Fees | 0.20% | 0.46% |
| Exp. ratio | 0.22% | 0.33% |
| 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% | - |
FLSD | +0.42% | -0.29% | +1.11% | +0.92% | +14.51% | |
| Flows | TBCH | +$8 M | +$42 M | +$65 M | +$71 M | - |
FLSD | +$3 M | +$10 M | +$54 M | +$59 M | +$79 M |
TBCH vs FLSD exposure
Countries
TBCH
Canada
70.96%
USA
28.63%
FLSD
Canada
68.75%
USA
20.13%
Other
10.12%
Sectors
TBCH
Finance
53.90%
Telecommunications
14.97%
Utilities
12.04%
Other
19.10%
FLSD
Finance
41.24%
Government Agencies
11.42%
Other
10.12%
Energy
7.82%
Utilities
7.16%
Municipal
7.07%
Other
15.16%
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%
FLSD
CMHC, 2.65% 15dec2028, CAD (85)
3.80%
Canada Housing Trust, 3.1% 15jun2028, CAD (113)
3.44%
CMHC, 3.2% 15jun2031, CAD (132)
3.06%
Alberta, 2.9% 20sep2029, CAD
2.15%
Province of Ontario, 1.35% 2dec2030, CAD (DMTN248)
2.10%
CPPIB Capital, 3.35% 2dec2030, CAD (68)
1.69%
Province of Ontario, 3.6% 2jun2035, CAD
1.32%
USA, Notes 3.875% 31mar2031, USD (W-2031)
1.31%
Citigroup, 4.55% 3jun2035, CAD
1.25%
PSP Capital, 3.75% 15jun2029, CAD (G-8)
1.24%
Diversification
TBCH
Total weight of top 10 holdings out of 25 total
62.25%
FLSD
Total weight of top 10 holdings out of 290 total
21.35%
Characteristics
Compare
TBCH
FLSD
| 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% | 3.75% |
| Meets ESG criteria | No | No |
| Inception Date | January 14, 2025 | July 8, 2019 |
Frequently asked questions about TBCH and FLSD
Which ETF has performed better year to date: TBCH or FLSD?
As of October 27, 2026, TBCH has returned 1.40% year to date, while FLSD has returned 1.11%. TBCH is ahead on YTD performance.
Which ETF is larger by assets under management: TBCH or FLSD?
As of October 27, 2026, TBCH manages $127.08 M in assets, while FLSD manages $117.86 M. TBCH is the larger fund by AUM.
How are TBCH and FLSD managed?
TBCH is actively managed by TD Asset Management. It does not track an index. FLSD is actively managed by Franklin Templeton. It does not track an index.
What sectors do TBCH and FLSD emphasize?
TBCH is most exposed to Finance, Telecommunications, and Utilities. FLSD is most exposed to Finance, Government Agencies, and Energy.
Which ETF is attracting more investor flows: TBCH or FLSD?
Year to date, TBCH has seen +$64.71 M in net flows, compared with +$53.92 M for FLSD. TBCH has attracted more net investor money so far.
How do the fees of TBCH and FLSD compare?
TBCH has an expense ratio of 0.22%, while FLSD has an expense ratio of 0.33%.
What are the top holdings of TBCH and FLSD?
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). FLSD's top holdings include CMHC, 2.65% 15dec2028, CAD (85) and Canada Housing Trust, 3.1% 15jun2028, CAD (113).
Which ETF is more diversified: TBCH or FLSD?
TBCH holds 25 securities, while FLSD holds 255. On holdings count, FLSD is the more diversified portfolio.
Recent articles about TBCH and FLSD
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