CI Morningstar International Momentum Index ETF

TSX TICKER : ZXM
 

Fund overview

The Fund has been designed to replicate, to the extent possible, the performance of the Morningstar® Developed Markets ex-North America Target Momentum 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 have demonstrated, among other things, positive momentum in earnings and price. 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 2026-05-26
$125.8 million
NAVPS
As at 2026-05-26
$64.5962
Market price
As at 2026-05-26
$64.8300
MER (%)
As at 2025-12-31
0.67
Management fee (%) 0.60
Units outstanding
As at 2026-05-26
1,948,902
Asset class International Equity
Currency CAD Hedged
CUSIP 12555J201
Distribution frequency Quarterly
Last distribution $0.1178

Risk rating1

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

Investor suitability

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

Performance2 As at 2026-04-30

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*
10.50% 7.99% 4.78% 14.05% 41.86% 25.10% 13.56% 13.34% 12.72%
*Since inception date

Distribution history3

Ex-Date Total
2026-03-25 0.1178
2025-12-23 0.2716
2025-09-23 0.2230
2025-06-24 0.8118
2025-03-25 0.0437
Ex-Date Total
2024-12-23 0.2500
2024-09-23 0.2014
2024-06-24 0.7496
2024-03-21 0.0676
2023-12-20 0.2750

Management team

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

CI Morningstar International Momentum Index ETF

TSX TICKER : ZXM
 
Portfolio allocations4 As at 2026-04-30
Asset allocation (%)
  • International Equity 98.55
  • Cash and Equivalents 0.53
  • Income Trust Units 0.51
  • Foreign Bonds - Other 0.46
  • Other -0.05
Sector allocation (%)
  • Financial Services 18.90
  • Real Estate 16.12
  • Basic Materials 11.04
  • Other 10.35
  • Technology 9.63
  • Industrial Goods 9.33
  • Consumer Goods 7.52
  • Industrial Services 6.13
  • Energy 6.06
  • Utilities 4.92
Geographic allocation(%)
  • Canada 64.69
  • Japan 9.27
  • Italy 8.33
  • Spain 7.16
  • Germany 3.32
  • United Kingdom 3.23
  • Austria 3.01
  • Israel 2.93
  • Netherlands 2.82
  • Other -4.76
Top holdings6
Sector (%)
1. AT & S Austria Technlgie Systmtchnk AG Computer Electronics 1.00%
2. Kioxia Holdings Corp Computer Electronics 0.95%
3. Furukawa Electric Co Ltd Manufacturing 0.77%
4. Fujikura Ltd Computer Electronics 0.74%
5. BE Semiconductor Industries NV Computer Electronics 0.70%
6. Bumitama Agri Ltd Food, Beverage and Tobacco 0.66%
7. Mitsui Mining and Smelting Co Ltd Metals and Mining 0.66%
8. First Resources Ltd Food, Beverage and Tobacco 0.62%
9. Prysmian SpA Manufacturing 0.62%
10. Elmos Semiconductor SE Computer Electronics 0.62%
11. Solaria Energia y Medio Ambiente SA Electric Utilities 0.60%
12. Meidensha Corp Manufacturing 0.59%
13. Hochtief AG Construction 0.59%
14. Daifuku Co Ltd Manufacturing 0.59%
15. Micronics Japan Co Ltd Computer Electronics 0.59%
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