iShares Canadian Financial Monthly Income ETF Review (FIE) 2024

Last Updated: 3/7/2024

Wealth Awesome Rating: 60/100
This equity ETF has an MER of 0.85%. With higher than average fees, it’s a premium option. Managing 321 million in assets, it’s less popular among investors. Suitable for those seeking growth with a medium to high risk tolerance.
The Wealth Awesome ETF rating is based on identifying ETFs that are popular and well used, while keeping costs low.

FIE trades on the TSX exchange.
Looking to invest in general equity? Consider an general equity ETF as an easy way to get access. The iShares Canadian Financial Monthly Income (FIE) is one of the most popular ETF’s in Canada by market cap. Let’s take a closer look at this ETF here.  

What is the iShares Canadian Financial Monthly Income ETF

A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.85%. This ETF trades on the TSX exchange.

FIE stock price and other stats

ETF Key Stats

Exchange: TSX

Assets Under Management: $321MM

Expense Ratio: 0.85%

Price: $7.11 (Updated: 3/7/2024)

iShares Canadian Financial Monthly Income (FIE) Top 10 Holdings

Company NameSymbolAssets %
iShares Core Canadian Corporate Bond Index ETFXCB9.8319
Manulife Financial CorpMFC6.59111
Royal Bank of CanadaRY6.57881
Toronto Dominion BankTD6.20996
Canadian Imperial Bank Of CommerceCM5.78719
National Bank of CanadaNA5.52265
Fairfax Financial Holdings LtdFFH4.80069
Great-West Lifeco Inc.GWO4.02656
Bank of Nova ScotiaBNS3.80262

iShares Canadian Financial Monthly Income (FIE) Breakdown by Market Cap


iShares Canadian Financial Monthly Income (FIE) Sector Breakdown

SectorEquity %Relative to Category
Basic Materials05.02391
Consumer Cyclicals09.02163
Financial Services96.1040328.25141
Real Estate3.895972.78068
Communication Services05.36672
Consumer Defensive06.89815

iShares Canadian Financial Monthly Income (FIE) Geographic Breakdown

RegionEquity %Relative to Category
North America10093.292
United Kingdom01.30174
Europe Developed03.607
Europe Emerging00.007
Africa/Middle East00.072
Asia Developed00.437
Asia Emerging00.341
Latin America00.083

FIE Management Expense Ratio

FIE has a management expense ratio of  0.85% . The MER is significantly lower than what you can get with a mutual fund product offered by large banks.  

How to Buy  iShares Canadian Financial Monthly Income TSX ETF

You can buy  FIE on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:  
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Author Bio - Qayyum Rajan is a CFA Charterholder with 10+ years of finance experience and the co-creator of He has previously worked as a portfolio manager at RBC Dominion Securities and other roles at asset managers like Sentry Investments. He then started building websites and fintech apps to bring finance to everyone.

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