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 2026-07-27
$149.2 million
NAVPS
As at 2026-07-27
$63.2686
Market price
As at 2026-07-27
$63.2500
MER (%)
As at 2025-12-31
0.67
Management fee (%) 0.60
Units outstanding
As at 2026-07-27
2,358,902
Asset class International Equity
Currency CAD Hedged
CUSIP 12555J201
Distribution frequency Quarterly
Last distribution $0.6016

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 2026-06-30

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*
16.42% 2.30% 13.78% 16.42% 35.95% 25.72% 13.85% 13.83% 13.03%
*Since inception date

Distribution history3

Ex-Date Total
2026-06-24 0.6016
2026-03-25 0.1178
2025-12-23 0.2716
2025-09-23 0.2230
2025-06-24 0.8118
Ex-Date Total
2025-03-25 0.0437
2024-12-23 0.2500
2024-09-23 0.2014
2024-06-24 0.7496
2024-03-21 0.0676

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 2026-06-30
Asset allocation (%)
  • International Equity 98.84
  • Cash and Equivalents 0.60
  • Foreign Bonds - Other 0.53
  • Other 0.03
Sector allocation (%)
  • Financial Services 23.17
  • Real Estate 13.04
  • Industrial Goods 11.03
  • Technology 10.86
  • Basic Materials 9.98
  • Other 8.16
  • Industrial Services 6.85
  • Consumer Goods 6.06
  • Energy 5.99
  • Consumer Services 4.86
Geographic allocation(%)
  • Japan 25.56
  • Other 24.31
  • Italy 9.99
  • United Kingdom 7.77
  • Australia 7.15
  • Spain 6.97
  • Sweden 5.97
  • Norway 5.50
  • Poland 3.78
  • Germany 3.00
Top holdings6
Sector (%)
1. AT & S Austria Technlgie Systmtchnk AG Computer Electronics 0.73%
2. Kokusai Electric Corp Computer Electronics 0.71%
3. Fujikura Ltd Computer Electronics 0.68%
4. Tokyo Electron Ltd Computer Electronics 0.64%
5. Murata Manufacturing Co Ltd Manufacturing 0.62%
6. Sanki Engineering Co Ltd Construction 0.61%
7. Micronics Japan Co Ltd Computer Electronics 0.61%
8. Advantest Corp Computer Electronics 0.61%
9. C.Uyemura & Co Ltd Chemicals and Gases 0.60%
10. Kioxia Holdings Corp Computer Electronics 0.60%
11. First Resources Ltd Food, Beverage and Tobacco 0.58%
12. Fujimi Inc Chemicals and Gases 0.58%
13. Nippon Pillar Packing Co Ltd Chemicals and Gases 0.58%
14. Seiko Holdings Corp Consumer Non-durables 0.57%
15. Erste Group Bank AG Banking 0.56%
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.