CI Morningstar International Value Index ETF

TSX TICKER : VXM.B
 

Fund overview

The Fund has been designed to replicate, to the extent possible, the performance of the Morningstar® Developed Markets ex-North America Target Value IndexTM (the "Index"), net of expenses. The Fund invests in equity securities of the largest and most liquid issuers from countries classified by Morningstar as developed markets, excluding the U.S. and Canada, based on proprietary research generated by Morningstar, and is designed to provide diversified exposure to issuers from developed markets, excluding the U.S. and Canada, 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 November 2014
Total net assets ($CAD)
As at 2026-06-24
$633.4 million
NAVPS
As at 2026-06-24
$47.9526
Market price
As at 2026-06-24
$48.0600
MER (%)
As at 2025-12-31
0.63
Management fee (%) 0.60
Units outstanding
As at 2026-06-24
13,209,099
Asset class International Equity
Currency CAD
CUSIP 12555N202
Distribution frequency Quarterly
Last distribution $0.2931

Risk rating1

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

Investor suitability

For those who:
  • want international equity exposure on a currency unhedged basis
  • want to receive regular quarterly cash flows (if any)
  • can tolerate medium risk

Performance2 As at 2026-05-31

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*
11.06% 3.22% -2.55% 12.71% 34.83% 29.32% 17.78% 11.27% 10.71%
*Since inception date

Distribution history3

Ex-Date Total
2026-06-24 0.2931
2026-03-25 0.2887
2025-12-23 0.1230
2025-09-23 0.2488
2025-06-24 0.4633
Ex-Date Total
2025-03-25 0.1414
2024-12-23 0.3800
2024-09-23 0.1761
2024-06-24 0.6032
2024-03-21 0.0654

Management team

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

CI Morningstar International Value Index ETF

TSX TICKER : VXM.B
 
Portfolio allocations4 As at 2026-05-31
Asset allocation (%)
  • International Equity 98.24
  • Cash and Equivalents 1.25
  • Income Trust Units 0.50
  • Other 0.01
Sector allocation (%)
  • Financial Services 16.21
  • Industrial Services 14.41
  • Consumer Goods 13.16
  • Utilities 9.80
  • Other 9.54
  • Consumer Services 9.23
  • Basic Materials 8.75
  • Energy 7.70
  • Industrial Goods 7.28
  • Real Estate 3.92
Geographic allocation(%)
  • Japan 39.48
  • Other 20.14
  • France 8.79
  • United Kingdom 5.79
  • Germany 5.01
  • Italy 4.94
  • Norway 4.63
  • Spain 4.25
  • Austria 3.98
  • Bermuda 2.99
Top holdings6
Sector (%)
1. Nisshinbo Holdings Inc Diversified Industrial Goods 0.75%
2. Ferrotec Holdings Corp Computer Electronics 0.71%
3. UACJ Corp Metals and Mining 0.66%
4. Aurubis AG Metals and Mining 0.65%
5. Ssab AB Cl A Metals and Mining 0.64%
6. NHK Spring Co Ltd Automotive 0.64%
7. ArcelorMittal SA Metals and Mining 0.63%
8. GS Yuasa Corp Manufacturing 0.63%
9. Valeo SE Automotive 0.62%
10. Oki Electric Industry Co Ltd Computer Electronics 0.61%
11. Noritake Co Ltd Manufacturing 0.60%
12. Sumitomo Chemical Co Ltd Chemicals and Gases 0.60%
13. Sumitomo Corp Diversified Industrial Services 0.60%
14. Kanamoto Co Ltd Professional Services 0.60%
15. Banco Comercial Portugues SA Banking 0.58%
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