What Is FXM?
The Fund has been designed to replicate, to the extent possible, the performance of the Morningstar® Canada Target Value Index TM (the "Index"), net of expenses. The Fund invests in equity securities of the largest and most liquid Canadian public issuers based upon proprietary research generated by Morningstar, and is designed to provide diversified exposure to Canadian issuers which are considered to be "good value" based on characteristics like low price to earnings and low price to cash flow ratios. The investment strategy of the Fund is to invest in and hold the constituent securities of the Index.
Set it, forget it, let compounding do the heavy lifting. 💪