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 2024-06-28
$32.2 million
NAVPS
As at 2024-06-28
$41.9779
Market price
As at 2024-06-28
$42.0600
MER (%)
As at 2023-12-31
0.68
Management fee (%) 0.60
Units outstanding
As at 2024-06-28
768,902
Asset class International Equity
Currency CAD Hedged
CUSIP 12555J201
Distribution frequency Quarterly
Last distribution $0.7496

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 2024-05-31

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*
18.54% 2.02% 6.43% 22.83% 30.41% 6.51% 12.13% - 10.42%
*Since inception date

Distribution history3

Payable date Total
2024-06-24 0.7496
2024-03-21 0.0676
2023-12-20 0.2750
2023-09-22 0.2201
2023-06-23 0.7408
Payable date Total
2023-03-24 0.0593
2022-12-21 0.2752
2022-09-22 1.1255
2022-06-23 0.2944
2022-03-24 0.1140

Management team

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

CI Morningstar International Momentum Index ETF

TSX TICKER : ZXM
 
Portfolio allocations4 As at 2024-05-31
Asset allocation (%)
  • International Equity 98.58
  • Cash and Equivalents 0.84
  • Income Trust Units 0.54
  • Other 0.04
Sector allocation (%)
  • Financial Services 17.11
  • Industrial Goods 14.47
  • Industrial Services 12.80
  • Consumer Goods 11.16
  • Technology 10.66
  • Consumer Services 8.85
  • Real Estate 7.67
  • Other 6.82
  • Basic Materials 6.69
  • Energy 3.77
Geographic allocation(%)
  • Japan 34.66
  • Other 20.62
  • Italy 8.01
  • Australia 7.15
  • United Kingdom 6.79
  • Poland 6.34
  • Switzerland 5.33
  • Sweden 5.19
  • Germany 2.96
  • Norway 2.95
Top holdings
Sector (%)
1. Kyushu Electric Power Co Inc Electric Utilities 0.68%
2. Takasago Thermal Engineering Co Ltd Construction 0.67%
3. Camtek Ltd Computer Electronics 0.67%
4. HOEGH AUTOLINERS ASA Transportation 0.66%
5. Kongsberg Gruppen ASA Aerospace and Defence 0.66%
6. Galp Energia SGPS SA Integrated Production 0.65%
7. Odfjell Drilling Ltd Oil and Gas Production 0.64%
8. Xtb SA Asset Management 0.63%
9. BPER Banca SpA Banking 0.63%
10. Prysmian SpA Manufacturing 0.63%
11. Stolt-Nielsen Ltd Transportation 0.62%
12. Wallenius Wilhelmsen ASA Transportation 0.62%
13. Rorze Corp Computer Electronics 0.62%
14. Marks and Spencer Group PLC Retail 0.62%
15. Banca Monte dei Paschi di Siena SpA Banking 0.62%
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.