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 2024-04-15
$21.4 million
NAVPS
As at 2024-04-15
$38.1349
Market price
As at 2024-04-15
$37.8700
MER (%)
As at 2023-12-31
0.67
Management fee (%) 0.60
Units outstanding
As at 2024-04-15
562,975
Asset class International Equity
Currency CAD
CUSIP 12555J102
Distribution frequency Quarterly
Last distribution $0.0676

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 2024-03-31

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*
13.39% 3.22% 13.39% 22.77% 19.07% 3.88% 8.44% - 9.30%
*Since inception date

Distribution history3

Payable 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
Payable date Total
2022-12-21 0.2753
2022-09-22 1.1255
2022-06-23 0.2945
2022-03-24 0.1126
2021-12-23 0.2100

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.B
 
Portfolio allocations4 As at 2024-03-31
Asset allocation (%)
  • International Equity 98.46
  • Cash and Equivalents 1.07
  • Income Trust Units 0.53
  • Other -0.06
Sector allocation (%)
  • Financial Services 17.00
  • Industrial Goods 14.13
  • Industrial Services 12.04
  • Consumer Goods 11.95
  • Technology 10.87
  • Consumer Services 9.64
  • Real Estate 7.50
  • Basic Materials 6.94
  • Other 6.53
  • Energy 3.40
Geographic allocation(%)
  • Japan 36.84
  • Other 19.31
  • Italy 7.70
  • Australia 7.44
  • United Kingdom 6.71
  • Poland 6.05
  • Switzerland 5.03
  • Sweden 4.87
  • Germany 3.12
  • Netherlands 2.93
Top holdings
Sector (%)
1. Rheinmetall AG Automotive 0.58%
2. Buzzi Unicem SpA Construction Materials 0.57%
3. MGM China Holdings Ltd Leisure 0.56%
4. Benefit Systems SA Professional Services 0.55%
5. Banco Bilbao Vizcaya Argentaria SA Banking 0.55%
6. Maire Tecnimont SpA Construction 0.55%
7. Rolls-Royce Holdings PLC Aerospace and Defence 0.55%
8. Industria de Diseno Textil SA Retail 0.55%
9. BPER Banca SpA Banking 0.55%
10. Asahi Yukizai Corp Chemicals and Gases 0.55%
11. Puuilo Oyj Retail 0.55%
12. UniCredit SpA Banking 0.54%
13. 3i Group PLC Asset Management 0.54%
14. Balfour Beatty PLC Construction 0.54%
15. Accelleron Industries Ltd Manufacturing 0.54%
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