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:

Price to Earnings Ratio (Trailing) (20%): Calculated by taking the current stock price and dividing it by the trailing earnings per share for the past 12 months. Low values are best.
Price to Latest Cash Flow (20%): Price to Cash Flow based on trailing Cash Flow is the ratio of a company's price to its trailing 4 quarters of cash flow from operations.
Current Price/Book Ratio (20%): Price to Book is the ratio of a company's latest price per share to the per share value of its common share equity.
Price to Latest 4 Quarter Sales (20%): Price to latest 4 quarters of sales.
EPS Estimate Revision (20%): 3-month EPS estimate revision measures the percentage change over the past 3 months in the median broker earnings estimate for a company's current fiscal year.

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: