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FXM ETF · CI Morningstar Canada Value Index ETF
The FXM Exchange Traded Fund (ETF) is provided by CI. It is built to track an index: Morningstar Canada Target Value Index. The FXM ETF provides physical exposure, so by buying it you actually own parts of all the 30 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update 3/13/2026, 1:30 PM UTC
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This fund is part ofDeveloped Market Blended Cap1M perf.-3.94%
Last price
$38.17
1M perf.
-0.12%
1M flows
-€9.8M
AuM
€296M
E/R
0.64%
Rating
ESG Consensus®
FXM
$38.17
Performance & flows
Segment for quartile rank
December 15, 2025 → March 13, 2026
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FXM
$38.15
+10.40%
Developed Market Blended Cap
-0.95%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -0.12%  | +10.40% | +55.41% | +103.20% | +130.41% | -4.08% | +8.59% | +8.59% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
3/13/2026
$38.15
1D NAV change
-0.55%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
30
Inception date
2/13/2012
Jurisdiction
Canada
Distribution
Canada
Legal structure
Unit Investment Trust
Base currency
CAD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
CI First Asset Morningstar Canada Value Index ETF (the "Fund") has been designed to replicate, to the extent possible, the performance of the Morningstar® Canada Target Value IndexTM (formerly, Morningstar® Canada Value IndexTM), net of expenses.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +10.40% | +55.41% | +103.20% | +130.41% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
Built for professionals: access exclusive risk metrics in Trackinsight Enterprise.
Enterprise
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Countries
Canada
99.77%
Unavailable
0.23%
Sectors
Utilities
16.67%
Financials
15.87%
Materials
15.35%
Energy
13.16%
Communication Services
12.97%
Consumer Discretionary
9.85%
Industrials
3.50%
Consumer Staples
2.74%
Unavailable
7.53%
Other
2.36%
Diversification
Total weight of top 15 holdings out of 30
Top 15 holdings
Data as of January 31, 2026
ELDORADO GOLD
CENTERRA GOLD
CA6752224007
NUTRIEN LTD
ALGONQUIN POWER
LINAMAR
FINNING INTL
ATCO
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BCE
TOREX GOLD RESOURCES
CENOVUS ENERGY
CA04764T1049
BAYTEX ENERGY
BANK OF MONTREAL
TORONTO DOMINION
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
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Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about FXM ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
FXM’s has a Final Sustainability Grade of either C+, C, C-, or D.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
70.92% of holdings have positive scoring
29.31% of holdings have negative scoring
50.96%
19.97%
9.46%
9.88%
9.96%
Consensus levels
Strong
Medium
Weak
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
Morningstar Canada Target Value Total Return Index - CAD
Index ticker
MCVAT Index
Index dividend policy
GTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
CI
CI ID Card
Number of funds
148
Total AuM
€15.06B
Expense ratio range
0.05% - 2.35%
Average expense ratio
0.64%
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| AuM | ||
|---|---|---|
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DGRC | CI Canada Quality Dividend Growth Index ETF | €532M |
BTCX.B | CI Galaxy Bitcoin ETF | €505M |
Frequently asked questions about FXM
What does CI Morningstar Canada Value Index ETF, FXM, invest in?
FXM is a Passive ETF. This ETF provides exposure to Equally Weighted Canadian Equities.
Which benchmark or index does FXM replicate?
FXM tracks the Morningstar Canada Target Value Total Return Index - CAD, through a full replication replication method.
What is the Total Expense ratio (TER) of FXM?
FXM carries a total expense ratio (TER) of 0.64%, indicating the annual cost for holding the fund.
When was FXM launched?
FXM was introduced to the market on February 13, 2012. It trades on Canada
Who is the ETF issuer of FXM?
CI Morningstar Canada Value Index ETF, FXM, is provided by CI. Learn more about CI here.
What is the current assets under management (AUM) of FXM?
FXM oversees €296M in assets as of March 13, 2026.
How has FXM performed lately?
Based on data from March 13, 2026, FXM returned -0.12% over the past month, 10.40% over the last three months and 8.59% year-to-date.
What are the latest inflows or outflows for FXM?
As of March 13, 2026, FXM recorded net flows of -€9.8M over the last month and -€17M year-to-date.
Does FXM distribute dividends?
FXM follows a distributing dividend policy, meaning it pays out income to investors. As of March 13, 2026, its 12-month trailing yield was 1.76%.
What are the main country or region exposures of FXM?
As of January 31, 2026, FXM has significant geographic allocations in Canada.
In which sector or theme does FXM invest in?
As of January 31, 2026, FXM focuses largely on Utilities, Financials and Materials.
How many securities does FXM hold and how diversified is it?
As of January 31, 2026, FXM holds 30 positions in its portfolio, with 53.57% of assets concentrated in its top 15 holdings.
What are the main positions in FXM?
As of January 31, 2026, FXM top three holdings include ELDORADO GOLD, CENTERRA GOLD and CA6752224007.
What is the base currency of FXM?
The base currency of FXM is CAD.
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