VS
When evaluating costs, PFL features a management fee (MER) of 0.2%, compared to 0.12% for XFR. Performance-wise, PFL has returned 1.6% year-to-date with -$3 M in net flows, whereas XFR is at 1.9% with +$86 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
PFL
XFR
| AuM | $260.31 M | $834.70 M |
| Management Fees | 0.20% | 0.12% |
| Exp. ratio | 0.13% | 0.13% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PFL | +0.04% | +0.48% | +1.60% | +2.42% | +9.42% |
XFR | +0.26% | +0.72% | +1.90% | +2.81% | +11.68% | |
| Flows | PFL | -$6 M | +$3 M | -$3 M | -$75 M | -$468 M |
XFR | +$28 M | +$8 M | +$86 M | +$120 M | -$47 M |
PFL vs XFR exposure
Countries
PFL
Exposure data will be available soon
XFR
Canada
99.87%
Sectors
PFL
Exposure data will be available soon
XFR
Government Agencies
51.95%
Municipal
35.75%
Finance
11.48%
As of September 15, 2026
Top 10 Holdings
PFL
Exposure data will be available soon
XFR
Province of Ontario, FRN 27nov2028, CAD (DMTN261)
9.53%
Canada Housing Trust, FRN 15sep2027, CAD (108)
8.92%
Canada Housing Trust, FRN 15mar2028, CAD (111)
8.54%
Canada Housing Trust, FRN 15sep2028, CAD (114)
8.12%
CMHC, FRN 15mar2027, CAD (103)
6.68%
Province of Quebec, FRN 22jul2030, CAD (B139)
5.35%
Province of Ontario, FRN 21feb2030, CAD (DMTN270)
5.29%
Province of Ontario, FRN 19nov2030, CAD (DMTN274)
5.10%
Province of Ontario, FRN 13jan2031, CAD (DMTN275)
5.05%
Canada Housing Trust, FRN 15mar2030, CAD (124)
4.98%
Diversification
PFL
Exposure data will be available soon
XFR
Total weight of top 10 holdings out of 25 total
67.55%
Characteristics
Compare
PFL
XFR
| Provider | CI | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Government Floating Rate Note Index - CAD | FTSE Canada Floating Rate Note TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.35% | 2.67% |
| Meets ESG criteria | No | No |
| Inception Date | July 21, 2014 | December 6, 2011 |
Frequently asked questions about PFL and XFR
Which ETF has performed better year to date: PFL or XFR?
As of September 15, 2026, PFL has returned 1.60% year to date, while XFR has returned 1.90%. XFR is ahead on YTD performance.
Which ETF is larger by assets under management: PFL or XFR?
As of September 15, 2026, PFL manages $260.31 M in assets, while XFR manages $834.70 M. XFR is the larger fund by AUM.
How are PFL and XFR managed?
PFL is passively managed by CI. It tracks the FTSE Canada Government Floating Rate Note Index - CAD benchmark. XFR is passively managed by iShares. It tracks the FTSE Canada Floating Rate Note TR Index - CAD benchmark.
Which ETF is attracting more investor flows: PFL or XFR?
Year to date, PFL has seen -$2.96 M in net flows, compared with +$86.19 M for XFR. XFR has attracted more net investor money so far.
How do the fees of PFL and XFR compare?
PFL has an expense ratio of 0.13%, while XFR has an expense ratio of 0.13%.
Recent articles about PFL and XFR
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.