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 $95.73 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: +21.69%, 1-year: +45.29%, 3-year annualised: +30.88%, 5-year annualised: +18.76%, 10-year annualised: +15.31%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.84, 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 1.99%, 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, 22.7%), Toronto Dominion Bank (TD, 16.0%), Bank of Montreal (BMO, 9.7%), Bank of Nova Scotia (BNS, 8.4%), Canadian Imperial Bank Of Commerce (CM, 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 $2.25B 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 13.07% and a beta of 1.07 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.84 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
2026-07-31	$95.59	$96.30	$95.54	$95.73	$95.73	59,700
2026-07-30	$94.97	$95.69	$94.94	$95.47	$95.47	56,801
2026-07-29	$96.55	$96.55	$94.06	$94.25	$94.25	131,675
2026-07-28	$95.85	$97.21	$95.24	$97.18	$97.18	91,800
2026-07-27	$95.91	$96.40	$95.51	$96.22	$96.22	82,800
2026-07-24	$95.01	$95.78	$94.97	$95.55	$95.55	91,557
2026-07-23	$95.02	$95.02	$94.25	$94.72	$94.72	117,681
2026-07-22	$95.72	$96.45	$95.57	$95.85	$95.85	74,774
2026-07-21	$95.77	$96.01	$95.15	$95.80	$95.80	82,959
2026-07-20	$97.39	$97.64	$95.43	$95.46	$95.46	165,114

#	Ticker	Name	Weight
1	RY	Royal Bank of Canada	22.74%
2	TD	Toronto Dominion Bank	15.97%
3	BMO	Bank of Montreal	9.73%
4	BNS	Bank of Nova Scotia	8.39%
5	CM	Canadian Imperial Bank Of Commerce	8.33%
6	BN	Brookfield Corporation	7.16%
7	MFC	Manulife Financial Corp	5.32%
8	NA	National Bank of Canada	4.78%
9	SLF	Sun Life Financial Inc.	3.42%
10	IFC	Intact Financial Corporation	2.87%

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

CIBC Investor's Edge

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