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 2025-07-09
$22.6 million
NAVPS
As at 2025-07-09
$46.8762
Market price
As at 2025-07-09
$47.0400
MER (%)
As at 2024-12-31
0.64
Management fee (%) 0.60
Units outstanding
As at 2025-07-09
482,975
Asset class International Equity
Currency CAD
CUSIP 12555J102
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 currency unhedged 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*
21.53% 3.18% 13.14% 21.53% 28.56% 20.32% 11.01% 9.25% 10.72%
*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.B
 
Portfolio allocations4 As at 2025-05-31
Asset allocation (%)
  • International Equity 99.78
  • Cash and Equivalents 0.20
  • Other 0.02
Sector allocation (%)
  • Financial Services 32.60
  • Industrial Goods 10.94
  • Real Estate 10.40
  • Consumer Services 9.56
  • Industrial Services 8.72
  • Consumer Goods 8.48
  • Other 7.05
  • Technology 5.04
  • Healthcare 3.91
  • Basic Materials 3.30
Geographic allocation(%)
  • Japan 23.65
  • Other 19.95
  • United Kingdom 12.65
  • Australia 10.70
  • Italy 8.34
  • Sweden 8.28
  • Spain 4.62
  • Norway 4.17
  • Switzerland 4.04
  • Germany 3.60
Top holdings5
Sector (%)
1. Ryohin Keikaku Co Ltd Retail 0.69%
2. TechnologyOne Ltd Information Technology 0.69%
3. Rheinmetall AG Automotive 0.69%
4. Food & Life Cos Ltd Leisure 0.68%
5. Belimo Holding AG Cl N Manufacturing 0.67%
6. Jet2 PLC Transportation 0.63%
7. UNIQA Insurance Group AG Insurance 0.62%
8. Next PLC Retail 0.62%
9. IHI Corp Diversified Industrial Goods 0.62%
10. Protector Forsikring ASA Insurance 0.62%
11. Ramelius Resources Ltd Gold and Precious Metals 0.62%
12. Babcock International Group PLC Construction 0.61%
13. Maire Tecnimont SpA Construction 0.61%
14. Regis Healthcare Ltd Healthcare Services 0.61%
15. Capricorn Metals Ltd Metals and Mining 0.60%
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