CI Morningstar International Momentum Index ETF

TSX TICKER : ZXM.B
 

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 2025-05-23
$21.9 million
NAVPS
As at 2025-05-23
$45.4593
Market price
As at 2025-05-23
$45.3400
MER (%)
As at 2024-12-31
0.64
Management fee (%) 0.60
Units outstanding
As at 2025-05-23
482,975
Asset class International Equity
Currency CAD
CUSIP 12555J102
Distribution frequency Quarterly
Last distribution $0.0437

Risk rating1

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

Investor suitability

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

Performance2 As at 2025-04-30

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*
10.08% 2.49% 4.72% 13.63% 17.31% 11.03% 11.13% 8.49% 9.86%
*Since inception date

Distribution history3

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
Ex-Date Total
2023-12-20 0.2750
2023-09-22 0.2201
2023-06-23 0.7408
2023-03-24 0.0593
2022-12-21 0.2753

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.B
 
Portfolio allocations4 As at 2025-04-30
Asset allocation (%)
  • International Equity 99.82
  • Cash and Equivalents 0.15
  • Other 0.03
Sector allocation (%)
  • Financial Services 32.36
  • Real Estate 10.50
  • Industrial Goods 10.01
  • Consumer Services 9.53
  • Consumer Goods 8.78
  • Industrial Services 8.39
  • Other 7.50
  • Technology 5.39
  • Healthcare 4.33
  • Basic Materials 3.21
Geographic allocation(%)
  • Japan 23.85
  • Other 20.14
  • United Kingdom 12.40
  • Australia 10.28
  • Sweden 8.79
  • Italy 8.40
  • Spain 4.49
  • Norway 4.11
  • Switzerland 3.98
  • Germany 3.56
Top holdings5
Sector (%)
1. Ryohin Keikaku Co Ltd Retail 0.64%
2. Next PLC Retail 0.62%
3. Belimo Holding AG Cl N Manufacturing 0.62%
4. Clas Ohlson AB Cl B Retail 0.62%
5. Food & Life Cos Ltd Leisure 0.61%
6. Oracle Corp Japan Information Technology 0.60%
7. Burkhalter Holding AG Construction 0.60%
8. Capricorn Metals Ltd Metals and Mining 0.60%
9. Ramelius Resources Ltd Gold and Precious Metals 0.60%
10. Rheinmetall AG Automotive 0.59%
11. flatexDEGIRO AG Asset Management 0.59%
12. Konami Holdings Corp Information Technology 0.58%
13. Takasago Thermal Engineering Co Ltd Construction 0.58%
14. Chugai Pharmaceutical Co Ltd Drugs 0.58%
15. Protector Forsikring ASA Insurance 0.58%
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.