First Asset Morningstar Canada Value Index ETF Review (FXM) 2024

Last Updated: 3/7/2024

Wealth Awesome Rating: 65/100
This equity ETF has an MER of 0.67%. With higher than average fees, it’s a premium option. Managing 168 million in assets, it’s widely trusted by 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.

FXM trades on the TSX exchange.
Looking to invest in general equity? Consider an general equity ETF as an easy way to get access. The First Asset Morningstar Canada Value Index (FXM) 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 First Asset Morningstar Canada Value Index ETF

A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.67%. This ETF trades on the TSX exchange.

FXM stock price and other stats

ETF Key Stats

Exchange: TSX

Assets Under Management: $168MM

Expense Ratio: 0.67%

Price: $21.13 (Updated: 3/7/2024)



First Asset Morningstar Canada Value Index (FXM) Top 10 Holdings

Company NameSymbolAssets %
Celestica Inc.CLS4.15967
First Quantum Minerals LtdFM3.79352
Fairfax Financial Holdings LtdFFH3.73529
Finning International Inc.FTT3.67163
Manulife Financial CorpMFC3.59116
Suncor Energy IncSU3.53491
Teck Resources LimitedTECK-B3.46929
George Weston LimitedWN3.44589
Quebecor IncQBR-B3.42633
Bank of Nova ScotiaBNS3.41314

First Asset Morningstar Canada Value Index (FXM) Breakdown by Market Cap

CategoryValue
Mega10.74513
Big27.29951
Medium50.04523
Small8.73882
Micro0

First Asset Morningstar Canada Value Index (FXM) Sector Breakdown

SectorEquity %Relative to Category
Basic Materials13.118958.00181
Consumer Cyclicals13.362887.78668
Financial Services17.5424628.98098
Real Estate02.51417
Communication Services3.298834.054
Energy16.0935113.65408
Industrials9.6048215.14966
Technology5.1486110.1917
Consumer Defensive6.481845.55173
Healthcare00.49371
Utilities15.34813.62149

First Asset Morningstar Canada Value Index (FXM) Geographic Breakdown

RegionEquity %Relative to Category
North America10099.502
United Kingdom00.26423
Europe Developed00.078
Europe Emerging00.028
Africa/Middle East00.003
Japan00.012
Australasia00.022
Asia Developed00.032
Asia Emerging00.044
Latin America00.015

FXM Management Expense Ratio

FXM has a management expense ratio of  0.67% . The MER is significantly lower than what you can get with a mutual fund product offered by large banks.  


How to Buy  First Asset Morningstar Canada Value Index TSX ETF

You can buy  FXM 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 Wealthawesome.com. 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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