PowerShares FTSE RAFI Canadian Fundamental Index ETF Review (PXC) 2024

Last Updated: 3/7/2024

Wealth Awesome Rating: 71/100
This equity ETF has an MER of 0.51%. With higher than average fees, it’s a premium option. Managing 211 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.

PXC trades on the TSX exchange.
Looking to invest in general equity? Consider an general equity ETF as an easy way to get access. The PowerShares FTSE RAFI Canadian Fundamental Index (PXC) 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 PowerShares FTSE RAFI Canadian Fundamental Index ETF

A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.51%. This ETF trades on the TSX exchange.

PXC stock price and other stats

ETF Key Stats

Exchange: TSX

Assets Under Management: $211MM

Expense Ratio: 0.51%

Price: $11.78 (Updated: 3/7/2024)



PowerShares FTSE RAFI Canadian Fundamental Index (PXC) Top 10 Holdings

Company NameSymbolAssets %
Royal Bank of CanadaRY7.59306
Toronto Dominion BankTD6.52829
Enbridge IncENB5.1911
Bank of Nova ScotiaBNS4.95776
Manulife Financial CorpMFC4.33447
Bank of MontrealBMO3.76467
Brookfield CorporationBN3.58581
Suncor Energy IncSU3.51142
Canadian Natural Resources LtdCNQ3.47576
Canadian Imperial Bank Of CommerceCM3.2508

PowerShares FTSE RAFI Canadian Fundamental Index (PXC) Breakdown by Market Cap

CategoryValue
Mega49.31262
Big33.92182
Medium15.41581
Small0.9556
Micro0

PowerShares FTSE RAFI Canadian Fundamental Index (PXC) Sector Breakdown

SectorEquity %Relative to Category
Basic Materials8.009498.00181
Consumer Cyclicals5.756657.78668
Financial Services45.0574328.98098
Real Estate1.064532.51417
Communication Services1.489454.054
Energy21.2872313.65408
Industrials7.3772715.14966
Technology3.0820310.1917
Consumer Defensive2.750465.55173
Healthcare0.432570.49371
Utilities3.692893.62149

PowerShares FTSE RAFI Canadian Fundamental Index (PXC) Geographic Breakdown

RegionEquity %Relative to Category
North America99.86199.502
United Kingdom00.26423
Europe Developed00.078
Europe Emerging0.1390.028
Africa/Middle East00.003
Japan00.012
Australasia00.022
Asia Developed00.032
Asia Emerging00.044
Latin America00.015

PXC Management Expense Ratio

PXC has a management expense ratio of  0.51% . The MER is significantly lower than what you can get with a mutual fund product offered by large banks.  


How to Buy  PowerShares FTSE RAFI Canadian Fundamental Index TSX ETF

You can buy  PXC 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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