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 2025-02-07
$35.1 million
NAVPS
As at 2025-02-07
$44.5235
Market price
As at 2025-02-07
$44.3700
MER (%)
As at 2024-06-30
0.67
Management fee (%) 0.60
Units outstanding
As at 2025-02-07
788,902
Asset class International Equity
Currency CAD Hedged
CUSIP 12555J201
Distribution frequency Quarterly
Last distribution $0.2500

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 2025-01-31

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*
3.96% 3.96% 8.11% 6.70% 20.45% 8.97% 10.64% 10.01% 10.36%
*Since inception date

Distribution history3

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
Ex-Date Total
2023-09-22 0.2201
2023-06-23 0.7408
2023-03-24 0.0593
2022-12-21 0.2752
2022-09-22 1.1255

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 2024-12-31
Asset allocation (%)
  • International Equity 99.48
  • Cash and Equivalents 0.56
  • Other -0.04
Sector allocation (%)
  • Financial Services 27.14
  • Consumer Services 11.35
  • Industrial Services 10.03
  • Real Estate 9.49
  • Industrial Goods 9.38
  • Consumer Goods 8.68
  • Other 7.53
  • Technology 7.11
  • Healthcare 5.54
  • Basic Materials 3.75
Geographic allocation(%)
  • Japan 25.32
  • Other 21.23
  • United Kingdom 11.90
  • Australia 8.65
  • Italy 7.60
  • Sweden 7.51
  • Switzerland 5.86
  • Norway 4.47
  • Spain 4.03
  • Germany 3.43
Top holdings
Sector (%)
1. Sanrio Co Ltd Consumer Durables 0.60%
2. Wise PLC Cl A Professional Services 0.57%
3. Bonesupport Holding AB Drugs 0.57%
4. Stella International Holdings Ltd Consumer Non-durables 0.57%
5. Meidensha Corp Manufacturing 0.55%
6. J.Front Retailing Co Ltd Retail 0.55%
7. Fujikura Ltd Computer Electronics 0.54%
8. Tamron Co Ltd Computer Electronics 0.54%
9. Tower Semiconductor Ltd Computer Electronics 0.54%
10. Sinfonia Technology Co Ltd Manufacturing 0.54%
11. Erste Group Bank AG Banking 0.54%
12. Banca Monte dei Paschi di Siena SpA Banking 0.53%
13. Intl Consolidated Airlines Grp SA Transportation 0.53%
14. BPER Banca SpA Banking 0.53%
15. Banco Comercial Portugues SA Banking 0.53%
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.