First Asset Morningstar US Value Index ETF Review (XXM) 2024

Last Updated: 3/7/2024

Wealth Awesome Rating: 65/100
This equity ETF has an MER of 0.68%. With higher than average fees, it’s a premium option. Managing 78 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.

XXM 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 US Value Index (XXM) 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 US Value Index ETF

A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.68%. This ETF trades on the TSX exchange.

XXM stock price and other stats

ETF Key Stats

Exchange: TSX

Assets Under Management: $78MM

Expense Ratio: 0.68%

Price: $13.83 (Updated: 3/7/2024)

First Asset Morningstar US Value Index (XXM) Top 10 Holdings

Company NameSymbolAssets %
Alpha Metallurgical Resources IncAMR1.24981
United States Steel CorporationX1.22446
MDC Holdings IncMDC1.21007
Ally Financial IncALLY1.16856
PBF Energy IncPBF1.15722
Boise Cascad LlcBCC1.13706
Viatris IncVTRS1.12844
GMS IncGMS1.12711
Terex CorporationTEX1.12373
Corebridge Financial Inc.CRBG1.12241

First Asset Morningstar US Value Index (XXM) Breakdown by Market Cap


First Asset Morningstar US Value Index (XXM) Sector Breakdown

SectorEquity %Relative to Category
Basic Materials8.41582.08815
Consumer Cyclicals16.3596612.43889
Financial Services16.208649.34944
Real Estate0.941893.74527
Communication Services2.786682.06104
Consumer Defensive6.677414.66537

First Asset Morningstar US Value Index (XXM) Geographic Breakdown

RegionEquity %Relative to Category
North America99.00698.42
United Kingdom00.0808
Europe Developed00.596
Europe Emerging00.002
Africa/Middle East00.078
Asia Developed00.027
Asia Emerging00.638
Latin America0.9940.156

XXM Management Expense Ratio

XXM has a management expense ratio of  0.68% . 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 US Value Index TSX ETF

You can buy  XXM 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 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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