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 2025-07-10
$39.6 million
NAVPS
As at 2025-07-10
$49.0183
Market price
As at 2025-07-10
$49.0200
MER (%)
As at 2024-12-31
0.67
Management fee (%) 0.60
Units outstanding
As at 2025-07-10
808,902
Asset class International Equity
Currency CAD Hedged
CUSIP 12555J201
Distribution frequency Quarterly
Last distribution $0.8118

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 2025-06-30

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*
16.03% 2.33% 12.79% 16.03% 19.41% 18.55% 13.32% 10.02% 11.08%
*Since inception date

Distribution history3

Ex-Date Total
2025-06-24 0.8118
2025-03-25 0.0437
2024-12-23 0.2500
2024-09-23 0.2014
2024-06-24 0.7496
Ex-Date Total
2024-03-21 0.0676
2023-12-20 0.2750
2023-09-22 0.2201
2023-06-23 0.7408
2023-03-24 0.0593

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 2025-06-30
Asset allocation (%)
  • International Equity 99.79
  • Cash and Equivalents 0.17
  • Other 0.04
Sector allocation (%)
  • Financial Services 32.80
  • Real Estate 10.18
  • Industrial Goods 9.67
  • Other 8.73
  • Industrial Services 8.37
  • Consumer Services 8.28
  • Consumer Goods 7.88
  • Technology 5.53
  • Utilities 5.04
  • Basic Materials 3.52
Geographic allocation(%)
  • Japan 23.93
  • Other 22.18
  • Australia 10.44
  • Italy 10.28
  • United Kingdom 9.97
  • Spain 6.45
  • Sweden 5.45
  • Norway 4.49
  • Israel 3.84
  • Germany 2.97
Top holdings5
Sector (%)
1. Anycolor Inc Media 0.63%
2. Phoenix Holdings Ltd Insurance 0.61%
3. Morgan Sindall Group PLC Construction 0.60%
4. Mitsui E&S Holdings Co Ltd Manufacturing 0.59%
5. Sinfonia Technology Co Ltd Manufacturing 0.57%
6. Organo Corp Professional Services 0.57%
7. Bank Hapoalim BM Banking 0.56%
8. Mizrahi Tefahot Bank Ltd Banking 0.56%
9. Tel Aviv Stock Exchange Ltd Asset Management 0.56%
10. Ryohin Keikaku Co Ltd Retail 0.55%
11. Clas Ohlson AB Cl B Retail 0.55%
12. Meidensha Corp Manufacturing 0.55%
13. Bank Leumi Le Israel BM Banking 0.55%
14. Modec Inc Energy Services and Equipment 0.55%
15. Konami Holdings Corp Information Technology 0.55%
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.