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 in the Financial Services Equity category. It tracks the Morningstar Gbl Fin Svc GR CAD.

Question 2

What is the XFN ETF price today?

Accepted Answer

XFN last traded at $91.79 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: +16.68%, 1-year: +40.86%, 3-year annualised: +31.75%, 5-year annualised: +17.38%, 10-year annualised: +15.04%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.77, 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 1.96%, 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, 22.5%), Toronto Dominion Bank (TD, 15.4%), Bank of Montreal (BMO, 9.7%), Canadian Imperial Bank Of Commerce (CM, 8.4%), Bank of Nova Scotia (BNS, 8.3%) — 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%), 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 XFN? (Assets under management)

Accepted Answer

XFN has approximately $2.22B 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 13.15% and a beta of 1.05 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.77 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
2026-08-20	$92.94	$93.11	$91.45	$91.79	$91.79	198,030
2026-08-19	$96.07	$96.09	$93.27	$93.27	$93.27	130,814
2026-08-18	$96.86	$96.88	$95.37	$95.82	$95.82	79,242
2026-08-17	$97.11	$97.76	$96.96	$96.96	$96.96	95,375
2026-08-14	$97.29	$97.45	$96.89	$97.45	$97.45	75,819
2026-08-13	$97.25	$97.75	$96.95	$97.42	$97.42	76,865
2026-08-12	$96.20	$97.11	$96.12	$96.94	$96.94	173,312
2026-08-11	$96.47	$97.00	$95.90	$95.90	$95.90	122,035
2026-08-10	$96.18	$96.70	$96.11	$96.13	$96.13	127,778
2026-08-07	$96.59	$96.68	$95.54	$96.19	$96.19	84,887

#	Ticker	Name	Weight
1	RY	Royal Bank of Canada	22.55%
2	TD	Toronto Dominion Bank	15.44%
3	BMO	Bank of Montreal	9.69%
4	CM	Canadian Imperial Bank Of Commerce	8.40%
5	BNS	Bank of Nova Scotia	8.31%
6	BN	Brookfield Corporation	7.00%
7	MFC	Manulife Financial Corp	5.71%
8	NA	National Bank of Canada	4.81%
9	SLF	Sun Life Financial Inc.	3.54%
10	POW	Power Corporation Of Canada	2.79%

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%

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CIBC Investor's Edge

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