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First Asset Morningstar Canada Value Index ETF - FXM

ETF Overview

The fund has been designed to replicate, to the extent possible, the performance of the Morningstar Canada Value Index, net of expenses.

The investment strategy of the First Asset Morningstar Canada Value Index ETF is to invest in and hold constituent securities of the Morningstar Canada Value Index.

The First Asset Morningstar Canada Value Index ETF invests in equity securities of the largest and most liquid Canadian issuers based on proprietary research generated by Morningstar, and is designed to provide diversified exposure to Canadian issuers which are considered to be "good value" based on characteristics like low price to earnings and low price to cash flow ratios.

Additional Index Information

The Morningstar Canada Value Index invests in equity securities of the largest and most liquid Canadian issuers based on proprietary research generated by Morningstar, and is designed to provide diversified exposure to Canadian issuers which are considered to be "good value" based on characteristics like low price to earnings and low price to cash flow ratios.

It is a Fundamental Index, screening stocks using Fundamental factors including:

The Index is comprised of the top 30 issuers that meet the screening requirements, and are equally weighted and rebalanced quarterly.

Key ETF Data

Fundamentals
Category (main) Canadian Equity - Fundamental & Value
Category (other)Fundamental & Value
Underlying Index Morningstar Canada Value Index
ETF Structure Passive type. Aims to track Fundamental index
Asset Class Equity
Sub-Asset Class Equity - Fundamental & Value
Region Canada
Issuer First Asset
ETF Home Page Available here
Fund Facts
Inception Date Feb 15, 2012
Total Holdings 30
Distribution Frequency Quarterly
Leverage None
Significant Currency Exposure No
Currency Hedging Not applicable
Fees
Management Fee 0.60%
Management Expense Ratio (MER) Unknown *

* Not available yet

Trading Information
Ticker FXM
Exchange TSX (Toronto Stock Exchange)
Currency CAD
Eligibility
Eligibility * RRSP, RRIF, RESP, TFSA, DPSP, RDSP
DRIP available ** Unknown
PACC Plan available ** Unknown
SWP available ** Unknown

* Always check eligibility with your plan operator as plans and accounts can differ

** Not all brokers can facilitate these plans. Check with your broker.

Current Price, Fund Performance, Yield, NAV, Charts etc

To view the TSX or Morningstar fund page for this ETF click on the Fund Data menu tab or below:

ETF at TMX ETF at Morningstar