FXM.TO
CI Morningstar Canada Value Index ETF
Canadian
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 484.4 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Inception date | Feb 13, 2012 |
| Regulation | |
| Fund Website | link... |
| Distributions | |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ATHABASCA OIL CORP | 4.6 % |
| BAYTEX ENERGY CORP | 4.3 % |
| RUSSEL METALS INC | 4.0 % |
| POWER CORP OF CANADA | 4.0 % |
| METHANEX CORP | 3.9 % |
| TORONTO-DOMINION BANK | 3.7 % |
| QUEBECOR INC -CL B | 3.6 % |
| ALTAGAS INCOME TRUST | 3.6 % |
| BANK OF NOVA SCOTIA | 3.6 % |
| LINAMAR CORP | 3.5 % |
Constituent Breakdown
| Number of holdings | 32 |
| Herfindahl-Hirschman Index | 339 |
| Wgt avg mkt cap (mns) | $22,490 |
| Large cap (>$10bn) | 42.1% |
| Mid cap ($2-10bn) | 51.0% |
| Small cap (<$2bn) | 4.0% |
| Developed mkts. | 97.1% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 97.1 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 14.1% | 47.1% | 34.0% | 25.5% | 15.7% | 11.6% | -- | 10.2% |
| Dividend Yield | 0.6% | 3.4% | 3.2% | 3.3% | 2.8% | 2.7% | -- | 2.7% |
| Total Returns | 14.7% | 50.4% | 37.2% | 28.8% | 18.5% | 14.2% | -- | 13.0% | Ann. Volatility | 12.9% | 11.1% | 13.6% | 13.0% | 14.3% | 17.0% | -- | 15.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.40 | 18% |
| MSCI EAFE | 0.36 | 24% |
| MSCI Emg Mkts | 0.24 | 18% |
Liquidity Measures
| Avg. volume (000) | 11 |
| ADV traded (mns) | $0 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $39.15 |
| Relative strength (RSI) | 65 |
| MACD/Signal | 0.41/0.34 |
| Bollinger Bands (Upper/Lower) | $40.28/$38.33 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FXM.TO |
Expenses vs. FXM.TO |
ALTAR Score™ vs. FXM.TO |
|---|---|---|---|---|
| XDV.TO | iShares Canadian Select Dividend Index ETF | 34.5% | -5 bp | -0.4% |
| XEI.TO | iShares S&P/TSX Composite High Dividend Index ETF | 34.2% | -38 bp | -1.1% |
| CDIV.TO | Manulife Smart Dividend ETF | 31.3% | -35 bp | -0.3% |
| MHDC.TO | Mackenzie Canadian High Dividend Yield ETF | 30.4% | -5 bp | -0.4% |
| ZVC.TO | BMO MSCI Canada Value Index ETF | 29.6% | -25 bp | -0.5% |
| FCCD.TO | Fidelity Canadian High Dividend ETF | 29.2% | -25 bp | -0.8% |
| PDC.TO | Invesco Canadian Dividend Index ETF | 28.9% | -10 bp | -1.5% |
| ZLB.TO | BMO Low Volatility Canadian Equity ETF | 28.5% | -25 bp | -0.7% |
| TLV.TO | Invesco S&P/TSX Composite Low Volatility Index ETF | 28.3% | -30 bp | +1.4% |
| FCCV.TO | Fidelity Canadian Value ETF | 26.6% | -25 bp | -1.0% |
Risk and Returns: FXM.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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ETF Research Center Rating
7.3%
ALTAR SCORE™
83rd
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 104 funds in the Canadian Equity category with an average
ALTAR Score™ of 5.9% and a standard deviation
of 1.4%. FXM.TO's ALTAR Score™ is approximately 1.0 standard
deviations above the category average. This places FXM.TO in the 83rd percentile
among funds in the category.
Sell-Side Consensus
$41.3
PRICE TARGET
+2.2%
UPSIDE