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 $92.33 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: +17.36%, 1-year: +39.61%, 3-year annualised: +33.17%, 5-year annualised: +18.41%, 10-year annualised: +15.10%. 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 2.01%, 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 $2.28B 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 14.55% and a beta of 1.03 (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
2026-09-10	$91.82	$92.33	$91.82	$92.33	$92.33	94,143
2026-09-09	$92.57	$92.57	$91.69	$92.06	$92.06	66,073
2026-09-08	$93.85	$94.08	$93.00	$93.03	$93.03	91,620
2026-09-04	$94.69	$95.05	$94.31	$94.46	$94.46	94,300
2026-09-03	$93.59	$94.95	$93.59	$94.78	$94.78	137,162
2026-09-02	$92.10	$93.43	$92.10	$93.41	$93.41	61,000
2026-09-01	$92.39	$92.80	$91.39	$91.94	$91.94	62,466
2026-08-31	$93.13	$93.50	$92.57	$92.68	$92.68	56,449
2026-08-28	$93.40	$93.68	$92.77	$93.32	$93.32	55,100
2026-08-27	$93.54	$93.60	$92.29	$93.19	$93.19	141,539

#	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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CGMD		$5.11	+10.61%
SOXD		$15.41	+7.69%
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MSTZ		$3.24	+7.28%
GASD		$5.46	+6.64%

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