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 2025-07-14
$307.6 million
NAVPS
As at 2025-07-14
$29.0547
Market price
As at 2025-07-14
$29.0500
MER (%)
As at 2024-12-31
0.64
Management fee (%) 0.60
Units outstanding
As at 2025-07-14
10,588,640
Asset class Canadian Equity
Currency CAD
CUSIP 12554N104
Distribution frequency Quarterly
Last distribution $0.2341

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 2025-06-30

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*
11.09% 4.91% 11.09% 11.09% 32.77% 16.63% 18.32% 9.55% 10.63%
*Since inception date

Distribution history3

Ex-Date Total
2025-06-24 0.2341
2025-03-25 0.1334
2024-12-23 0.1800
2024-09-23 0.1329
2024-06-24 0.1391
Ex-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

Management team

First we'll display the Team Company and then the Team members
CI Global Asset Management ETF

CI Morningstar Canada Value Index ETF

TSX TICKER : FXM
 
Portfolio allocations4 As at 2025-06-30
Asset allocation (%)
  • Canadian Equity 99.75
  • Cash and Equivalents 0.23
  • Other 0.02
Sector allocation (%)
  • Utilities 19.58
  • Financial Services 16.79
  • Basic Materials 15.73
  • Telecommunications 13.44
  • Energy 13.34
  • Consumer Services 6.95
  • Industrial Services 3.66
  • Other 3.59
  • Industrial Goods 3.58
  • Technology 3.34
Geographic allocation(%)
  • Canada 99.97
  • Other 0.02
  • United States 0.01
Top holdings5
Sector (%)
1. Air Canada Transportation 3.66%
2. Rogers Communications Inc Cl B Telephone Service Providers 3.59%
3. Finning International Inc Manufacturing 3.58%
4. Empire Co Ltd Cl A Retail 3.57%
5. Fairfax Financial Holdings Ltd Insurance 3.52%
6. Paramount Resources Ltd Cl A Oil and Gas 3.46%
7. Quebecor Inc Cl B Diversified Telecommunications 3.45%
8. Toronto-Dominion Bank Banking 3.38%
9. Canadian Tire Corp Ltd Cl A Retail 3.38%
10. Whitecap Resources Inc Oil and Gas 3.36%
11. Altagas Ltd Diversified Utilities 3.35%
12. Magna International Inc Automotive 3.34%
13. Emera Inc Electric Utilities 3.34%
14. Open Text Corp Information Technology 3.34%
15. Bank of Montreal Banking 3.30%
Over 35,000 financial advisors have chosen CI Global Asset Management as a partner. We believe that Canadians have the best opportunity for investments success by using the services of a professional financial advisor. Learn more at ci.com.