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PowerShares FTSE RAFI Canadian Fundamental Index ETF - PXC

ETF Overview

The fund seeks to replicate, before fees and expenses, the performance of the FTSE RAFI Canada Index.

This ETF gives investors exposure to all Canadian stocks in the FTSE RAFI Developed ex U.S. 1000 Index, a fundamentally weighted index.

Additional Index Information

A Fundamental Index-based ETF offers the advantages of an active management strategy with the highlights of a passive investment: lower turnover costs and transparent rules-based selection, while retaining high investment capacity.

The index weights constituents using four accounting factors, rather than market capitalization. These four factors include:

Fundamental Indexation

This ETF tracks a Fundamental Index. The strategy is known as Fundamental Index or Fundamental Indexation.

Fundamental Indexation is designed to overcome the limitations of traditional indices based on market capitalization. Fundamental Indexation weights its constituents based on company fundamental factors including dividends, total sales, free cash flow and book equity value, each variable not depending on the fluctuations of the market valuation.

Fundamental Indexation seeks to identify the true "fair value" of each company.

Key ETF Data

Fundamentals
Category (main) Canadian Equity - style: Fundamental
Underlying Index FTSE RAFI Canada Index
ETF Structure Passive type. Aims to track Fundamental index
Asset Class Equity
Region Canada
Issuer Invesco (Canada)
ETF Home Page Available here
Fund Facts
Inception Date Jan 26, 2012
Total Holdings 88
Distribution Frequency Quarterly
Leverage None
Significant Currency Exposure No
Currency Hedging Not applicable
Fees
Management Fee 0.45%
Management Expense Ratio (MER) 0.50% *

* 2012

Trading Information
Ticker PXC
Exchange TSX (Toronto Stock Exchange)
Currency CAD
Eligibility
Eligibility * RRSP, RRIF, RESP, TFSA, DPSP, RDSP
DRIP available ** Unknown
PACC Plan available ** Unknown
SWP available ** Unknown

* Always check eligibility with your plan operator as plans and accounts can differ

** Not all brokers can facilitate these plans. Check with your broker.

Current Price, Fund Performance, Yield, NAV, Charts etc

To view the TSX or Morningstar fund page for this ETF click on the Fund Data menu tab or below:

ETF at TMX ETF at Morningstar

ETF Analysis

Canada ETFs's analysis of this ETF will be available soon.