Question 1

What is HFIN?

Accepted Answer

HFIN — Hamilton Enhanced Canadian Financials ETF — is a Canadian-listed ETF trading on the TSX. HFIN seeks to replicate a 1.25 times multiple of the Solactive Canadian Financials Equal-Weight Index TR (SOLCAFNT), comprised of equal-weightings of the top 12 largest Canadian financial services companies, while adding modest 25% cash leverage to enhance growth potential and yield.

Question 2

What is the HFIN ETF price today?

Accepted Answer

HFIN last traded at $33.43 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the HFIN MER (management expense ratio)?

Accepted Answer

HFIN has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, HFIN is considered a low-cost ETF.

Question 4

What are HFIN annualised returns?

Accepted Answer

HFIN historical returns: YTD: +26.20%, 1-year: +58.43%, 3-year annualised: +40.90%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.89, which measures risk-adjusted return.

Question 5

Does HFIN pay dividends or distributions?

Accepted Answer

Yes, HFIN distributes income to unitholders. The current distribution yield is approximately 2.95%, paid monthly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does HFIN invest in?

Accepted Answer

HFIN's top holdings include Hamilton Canadian Financials Index ETF (HFN, 68.4%), Great-West Lifeco Inc. (GWO, 5.3%), Bank of Montreal (BMO, 5.0%), Royal Bank of Canada (RY, 5.0%), Sun Life Financial Inc. (SLF, 4.9%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar CAD O/N Cash GR CAD.

Question 7

What sectors does HFIN invest in?

Accepted Answer

HFIN's largest sector exposures are Financial Services (100.0%), Basic Materials (0.0%), Consumer Cyclicals (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is HFIN? (Assets under management)

Accepted Answer

HFIN has approximately $511M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was HFIN launched?

Accepted Answer

HFIN was launched on January 26, 2022, giving it a 4-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy HFIN in Canada?

Accepted Answer

HFIN trades on the TSX under the ticker HFIN. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is HFIN?

Accepted Answer

HFIN has a 1-year volatility of 17.21% and a beta of 0.00 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.89 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-08-14	$33.47	$33.47	$33.43	$33.43	$33.43	456
2026-08-13	$33.61	$33.65	$33.35	$33.48	$33.48	7,715
2026-08-12	$33.15	$33.28	$33.03	$33.28	$33.28	807
2026-08-11	$33.29	$33.29	$33.04	$33.04	$33.04	2,312
2026-08-10	$33.22	$33.28	$33.20	$33.20	$33.20	14,214
2026-08-07	$33.21	$33.24	$33.20	$33.24	$33.24	1,791
2026-08-06	$33.67	$33.67	$33.36	$33.36	$33.36	4,610
2026-08-05	$33.72	$33.72	$33.58	$33.58	$33.58	398
2026-08-04	$33.51	$33.64	$33.38	$33.54	$33.54	5,045
2026-07-31	$33.14	$33.35	$33.14	$33.35	$33.35	500

#	Ticker	Name	Weight
1	HFN	Hamilton Canadian Financials Index ETF	68.41%
2	GWO	Great-West Lifeco Inc.	5.27%
3	BMO	Bank of Montreal	5.03%
4	RY	Royal Bank of Canada	4.96%
5	SLF	Sun Life Financial Inc.	4.92%
6	MFC	Manulife Financial Corp	4.83%
7	BNS	Bank of Nova Scotia	4.82%
8	TD	Toronto Dominion Bank	4.76%
9	NA	National Bank of Canada	4.58%
10	CM	Canadian Imperial Bank Of Commerce	4.56%

Sector	Weight
Financial Services	100.00%
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Real Estate	0.00%
Communication Services	0.00%
Energy	0.00%
Industrials	0.00%
Technology	0.00%
Consumer Defensive	0.00%
Healthcare	0.00%
Utilities	0.00%

Ticker	Name	Price	1D
RDDY	Harvest Reddit Enhanced High Income Shares ETF	$5.73	+14.14%
AMDU		$19.00	+12.69%
XDGH	iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged)	$35.92	+9.11%
MSTZ		$8.56	+7.40%
AMDY	Harvest AMD Enhanced High Income Shares ETF - Class A Units	$40.02	+6.63%
BLKY	Harvest Block Enhanced High Income Shares ETF	$13.31	+5.72%
CGMU		$9.72	+4.85%
SHPD		$6.12	+4.79%

CIBC Investor's Edge

Hamilton Enhanced Canadian Financials ETF (HFIN : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About Hamilton Enhanced Canadian Financials ETF

ETF Details

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Frequently Asked Questions — HFIN