Question 1

What is XFN?

Accepted Answer

XFN (iShares S&P/TSX Capped Financials Index ETF) is a Canadian-listed ETF trading on the TSX. It tracks the Morningstar Gbl Fin Svc GR CAD.

Question 2

What is the XFN ETF price today?

Accepted Answer

XFN last traded at $94.35 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the XFN MER (management expense ratio)?

Accepted Answer

XFN 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%, XFN is considered a low-cost ETF.

Question 4

What are XFN annualised returns?

Accepted Answer

XFN historical returns: YTD: +19.93%, 1-year: +32.74%, 3-year annualised: +36.20%, 5-year annualised: +16.69%, 10-year annualised: +15.13%. 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 XFN pay dividends or distributions?

Accepted Answer

Yes, XFN distributes income to unitholders. The current distribution yield is approximately 2.11%, 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 XFN invest in?

Accepted Answer

XFN's top holdings include Royal Bank of Canada (RY, 23.5%), Toronto Dominion Bank (TD, 16.6%), Bank of Montreal (BMO, 9.4%), Bank of Nova Scotia (BNS, 8.8%), Canadian Imperial Bank Of Commerce (CM, 8.4%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Gbl Fin Svc GR CAD.

Question 7

What sectors does XFN invest in?

Accepted Answer

XFN's largest sector exposures are Financial Services (100.0%), Energy (0.0%), Utilities (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is XFN? (Assets under management)

Accepted Answer

XFN has approximately $2.20B 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 XFN launched?

Accepted Answer

XFN was launched on March 23, 2001, giving it a 25-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 XFN in Canada?

Accepted Answer

XFN trades on the TSX under the ticker XFN. 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 XFN?

Accepted Answer

XFN has a 1-year volatility of 15.54% and a beta of 1.01 (roughly in line with 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
2026-10-22	$93.48	$94.45	$93.48	$94.35	$94.35	110,002
2026-10-21	$93.18	$94.32	$93.18	$94.18	$94.18	80,968
2026-10-20	$91.79	$92.97	$91.79	$92.87	$92.87	59,813
2026-10-19	$92.16	$92.16	$91.68	$91.95	$91.95	50,339
2026-10-16	$92.55	$93.20	$92.15	$92.51	$92.51	118,766
2026-10-15	$91.08	$92.51	$90.99	$92.50	$92.50	67,996
2026-10-14	$90.99	$91.19	$90.63	$91.09	$91.09	108,297
2026-10-13	$90.67	$91.68	$90.64	$91.54	$91.54	87,778
2026-10-09	$89.50	$90.45	$89.36	$90.37	$90.37	39,800
2026-10-08	$88.88	$89.63	$88.69	$89.18	$89.18	123,387

#	Ticker	Name	Weight
1	RY	Royal Bank of Canada	23.47%
2	TD	Toronto Dominion Bank	16.64%
3	BMO	Bank of Montreal	9.45%
4	BNS	Bank of Nova Scotia	8.84%
5	CM	Canadian Imperial Bank Of Commerce	8.37%
6	BN	Brookfield Corporation	6.15%
7	MFC	Manulife Financial Corp	5.57%
8	NA	National Bank of Canada	4.34%
9	SLF	Sun Life Financial Inc.	3.63%
10	POW	Power Corporation Of Canada	2.66%

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

Ticker	Name	Price	1D
SOXD		$18.09	+20.44%
CGMD		$6.95	+16.03%
GASD		$5.54	+12.37%
GDXD	BetaPro Canadian Gold Miners -2x Daily Bear ETF	$9.75	+12.33%
SLVD	BetaPro Silver -2x Daily Bear ETF	$42.12	+11.75%
MSTZ		$1.97	+11.30%
CSUU		$12.05	+9.95%
QQQD		$7.28	+8.66%

iShares S&P/TSX Capped Financials Index ETF (XFN : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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Frequently Asked Questions — XFN