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FLCA - ETF AI Analysis
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Franklin FTSE Canada ETF (FLCA)
Rating:72Outperform
Price Target:―
Positive Factors
Strong Top Holdings
Several key holdings, such as Shopify and Toronto Dominion Bank, have shown strong year-to-date performance, supporting the ETF's overall returns.
Low Expense Ratio
The ETF has a very low expense ratio, making it cost-effective for investors compared to similar funds.
Sector Diversification
The ETF is spread across multiple sectors, including financials, energy, and technology, reducing reliance on any single industry.
Negative Factors
High Financial Sector Concentration
Over 36% of the ETF is allocated to financials, making it vulnerable to downturns in the banking and financial industries.
Weak One-Month Performance
The ETF has experienced a slight decline in the past month, which may signal short-term volatility.
Limited Geographic Exposure
The ETF is heavily focused on North America, with minimal exposure to other global markets, reducing diversification.
FLCA vs. SPDR S&P 500 ETF (SPY)
AUM551.87M
RegionNorth America
Expense Ratio0.09%
Beta0.60
IssuerFranklin
Inception DateNov 02, 2017
Dividend Yield1.9%
Asset ClassEquity
Index TrackedFTSE Canada RIC Capped Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume29,662
30 Day Avg. Volume31,198
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
52.94Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering79
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FLCA Summary
The Franklin FTSE Canada ETF (FLCA) is an investment fund that tracks the FTSE Canada RIC Capped Index, offering exposure to a wide range of Canadian companies across sectors like financials, energy, and materials. It includes well-known names such as Royal Bank of Canada and Shopify, making it a great option for investors looking to diversify into Canada's economy. With its mix of large, mid, and small-cap stocks, FLCA provides a balanced approach to growth and stability. However, new investors should be aware that its performance can fluctuate with the Canadian market, especially in sectors like energy and materials.
How much will it cost me?The Franklin FTSE Canada ETF (FLCA) has an expense ratio of 0.09%, meaning you’ll pay $0.90 per year for every $1,000 invested. This is lower than average because it’s a passively managed fund that tracks an index, which typically costs less to operate than actively managed funds.
What would affect this ETF?The Franklin FTSE Canada ETF (FLCA) could benefit from strong performance in Canada's financial sector, which makes up a significant portion of its holdings, as well as potential growth in energy and materials driven by global demand for resources. However, it may face challenges from fluctuating commodity prices, regulatory changes in the energy sector, or economic slowdowns that impact the Canadian market. Additionally, interest rate hikes could negatively affect financial stocks, which are heavily weighted in this ETF.
FLCA Top 10 Holdings
The Franklin FTSE Canada ETF leans heavily on financials, with top holdings like Royal Bank of Canada and Toronto Dominion Bank providing steady growth and stability, thanks to strong earnings and reasonable valuations. However, Shopify, a key tech holding, has been lagging recently, with bearish momentum tempering its earlier gains. Energy names like Enbridge have shown mixed performance, reflecting neutral market sentiment. Overall, the fund’s concentration in financials and energy underscores its alignment with Canada’s resource-driven economy, while a sprinkling of tech adds a touch of growth potential to the mix.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Royal Bank Of Canada | 8.46% | $47.00M | $231.55B | 39.61% | 75 Outperform | |
| Shopify | 7.20% | $39.97M | $210.71B | 55.78% | 77 Outperform | |
| Toronto Dominion Bank | 5.67% | $31.51M | $154.22B | 79.44% | 74 Outperform | |
| Enbridge | 3.64% | $20.22M | $102.36B | 14.81% | 69 Neutral | |
| Brookfield Corporation | 3.38% | $18.80M | $110.25B | 21.02% | 65 Neutral | |
| Bank Of Montreal | 3.31% | $18.40M | C$125.50B | 33.43% | 69 Neutral | |
| Bank Of Nova Scotia | 3.21% | $17.84M | $88.39B | 34.86% | 77 Outperform | |
| Canadian Bank of Commerce | 3.10% | $17.21M | C$116.97B | 44.76% | 74 Outperform | |
| Agnico Eagle | 3.01% | $16.70M | $84.16B | 117.96% | 80 Outperform | |
| Barrick Mining | 2.69% | $14.95M | $73.48B | 188.05% | 80 Outperform |
FLCA Technical Analysis
Positive
―
Price Trends
46.08
Positive
44.99
Positive
42.08
Positive
Market Momentum
0.66
Negative
63.09
Neutral
47.34
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FLCA, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 47.20, equal to the 50-day MA of 46.08, and equal to the 200-day MA of 42.08, indicating a bullish trend. The MACD of 0.66 indicates Negative momentum. The RSI at 63.09 is Neutral, neither overbought nor oversold. The STOCH value of 47.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FLCA.
FLCA Peer Comparison
Comparison Results
Performance Comparison
FLCA
Franklin FTSE Canada ETF
48.14
12.12
33.65%
BBCA
JPMorgan BetaBuilders Canada ETF
―
―
―
EWC
iShares MSCI Canada ETF
―
―
―
SYLD
Cambria Shareholder Yield ETF
―
―
―
PLDR
Putnam Sustainable Leaders ETF
―
―
―
BGDV
Bahl & Gaynor Dividend ETF
―
―
―
Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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