Key stats
About Franklin Canadian Low Volatility High Dividend Index ETF
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Inception date
Mar 28, 2024
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Primary advisor
Franklin Templeton Investments Corp.
ISIN
CA35252D1024
The fund aims to curate a portfolio of Canadian companies that provide stable income through high dividend yields while minimizing risk through low volatility. Stock selection is based on yield, ensuring that companies have been profitable over the last four quarters and are projected to remain over the next four quarters. A stable yield score is then calculated by adjusting stock yields based on their price and earnings volatility, reducing the yield for high-volatility stocks and increasing it for low-volatility ones. Price volatility is measured over the past 12 months, while earnings volatility is assessed using the past three years of realized earnings and two years of projected earnings. The fund selects 50 to 100 stocks using this method and weighs them accordingly, subject to concentration, turnover, and liquidity constraints. Derivatives may be used for both hedging and non-hedging purposes, as well as lending and short selling. The index is reconstituted annually and rebalanced quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Retail Trade
Industrial Services
Stocks98.87%
Finance42.87%
Retail Trade15.72%
Industrial Services12.54%
Utilities9.43%
Transportation4.84%
Energy Minerals4.51%
Technology Services4.28%
Communications2.14%
Distribution Services1.41%
Process Industries0.67%
Consumer Services0.47%
Bonds, Cash & Other1.13%
Cash1.13%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FLVC invests in stocks. The fund's major sectors are Finance, with 42.87% stocks, and Retail Trade, with 15.72% of the basket. The assets are mostly located in the North America region.
FLVC top holdings are Bank of Nova Scotia and Royal Bank of Canada, occupying 6.04% and 5.63% of the portfolio correspondingly.
FLVC assets under management is 85.61 M CAD. It's fallen 16.03% over the last month.
FLVC fund flows account for 76.23 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, FLVC doesn't pay dividends to its holders.
FLVC shares are issued by Franklin Resources, Inc. under the brand Franklin. The ETF was launched on Mar 28, 2024, and its management style is Passive.
FLVC expense ratio is 0.28% meaning you'd have to pay 0.28% of your investment to help manage the fund.
FLVC follows the Franklin Canadian Low Volatility High Dividend Index - CAD - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FLVC invests in stocks.
FLVC price has risen by 1.47% over the last month, and its yearly performance shows a 12.96% increase. See more dynamics on FLVC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.94% over the last month, showed a 7.44% increase in three-month performance and has increased by 10.06% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.94% over the last month, showed a 7.44% increase in three-month performance and has increased by 10.06% in a year.
FLVC trades at a premium (0.12%) meaning the ETF is trading at a higher price than the calculated NAV.