CI Morningstar Canada Value Index ETF

TSX TICKER : FXM
 

Fund overview

The Fund has been designed to replicate, to the extent possible, the performance of the Morningstar® Canada Target Value IndexTM (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.

Fund details

description of elementelement value
Inception date February 2012
Total net assets ($CAD)
As at 2024-05-21
$314.2 million
NAVPS
As at 2024-05-21
$22.6241
Market price
As at 2024-05-21
$22.6200
MER (%)
As at 2023-12-31
0.65
Management fee (%) 0.60
Units outstanding
As at 2024-05-21
13,888,640
Asset class Canadian Equity
Currency CAD
CUSIP 12554N104
Distribution frequency Quarterly
Last distribution $0.1121

Risk rating1

  • Low
  • Low to medium
  • Medium
  • Medium to high
  • High

Investor suitability

For those who:
  • want Canadian equity exposure
  • want to receive regular quarterly cash flows (if any)
  • can tolerate medium to high risk

Performance2 As at 2024-04-30

Growth of $10,000 (Since inception date)

growth of 10k graph

Calendar year performance

annual performance graph

average annual compound returns

YTD 1 Mo 3 Mo 6 Mo 1 Y 3 Y 5 Y 10 Y Inception*
4.89% -0.79% 5.34% 10.98% 5.11% 7.50% 11.48% 5.95% 8.86%
*Since inception date

Distribution history3

Payable date Total
2024-03-21 0.1121
2023-12-20 0.1727
2023-09-22 0.1740
2023-06-23 0.1629
2023-03-24 0.0964
Payable date Total
2022-12-21 0.1300
2022-09-22 0.1047
2022-06-23 0.0971
2022-03-24 0.1028
2021-12-23 0.1028

Management team

First we'll display the Team Company and then the Team members
Lijon Geeverghese

CI Morningstar Canada Value Index ETF

TSX TICKER : FXM
 
Portfolio allocations4 As at 2024-04-30
Asset allocation (%)
  • Canadian Equity 96.73
  • Income Trust Units 3.01
  • Cash and Equivalents 0.27
  • Other -0.01
Sector allocation (%)
  • Utilities 19.35
  • Financial Services 15.74
  • Energy 13.88
  • Consumer Services 12.71
  • Basic Materials 10.88
  • Industrial Goods 7.88
  • Consumer Goods 6.45
  • Other 6.32
  • Industrial Services 3.72
  • Technology 3.07
Geographic allocation(%)
  • Canada 100.01
  • Other -0.01
Top holdings
Sector (%)
1. Teck Resources Ltd Cl B Metals and Mining 4.01%
2. Kinross Gold Corp Gold and Precious Metals 3.99%
3. Finning International Inc Manufacturing 3.96%
4. Bombardier Inc Cl A Aerospace and Defence 3.92%
5. Parex Resources Inc Oil and Gas Production 3.73%
6. Air Canada Transportation 3.72%
7. MEG Energy Corp Oil and Gas Production 3.56%
8. BRP Inc Consumer Durables 3.52%
9. Vermilion Energy Inc Integrated Production 3.43%
10. Altagas Ltd Diversified Utilities 3.35%
11. Algonquin Power & Utilities Corp Diversified Utilities 3.35%
12. Fairfax Financial Holdings Ltd Insurance 3.32%
13. Loblaw Cos Ltd Retail 3.31%
14. George Weston Ltd Retail 3.27%
15. Fortis Inc Electric Utilities 3.27%
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