CI Morningstar International Value Hedged Index Fund
Series P CADFund overview
The Fund’s investment objective seeks to replicate, to the extent possible, the price and yield performance of the Morningstar® Developed Markets ex-North America Target Value Index™ (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 are considered to be “good value” based on characteristics like low price to earnings and low price to cash flow ratios.
Fund details
| Inception date | April 2026 |
|
CAD
Total net assets ($CAD)
As at 2026-04-30
|
$17.7 million |
|
NAVPS
As at 2026-05-22 |
$10.2239 |
| MER (%) | Information not available |
| Management fee (%) | 0.55 |
| Asset class | International Equity |
| Currency | CAD |
| Minimum investment | $500 initial/$25 additional |
Risk rating1
- Low
- Low to medium
- Medium
- Medium to high
- High
Performance2 As at 2026-04-30
Management team
|
CI Global Asset Management Fund
|
Note: This page is not complete without disclaimers on the next page.
CI Morningstar International Value Hedged Index Fund
Series P CAD- International Equity 98.62
- Cash and Equivalents 0.87
- Income Trust Units 0.53
- Other -0.02
- Financial Services 16.45
- Industrial Services 14.12
- Consumer Goods 13.21
- Utilities 10.43
- Consumer Services 9.47
- Other 8.88
- Energy 8.28
- Basic Materials 8.05
- Industrial Goods 7.14
- Real Estate 3.97
- Canada 57.16
- Japan 16.59
- France 8.63
- Italy 5.03
- Germany 5.00
- Spain 4.32
- Austria 4.02
- Bermuda 3.03
- United Kingdom 2.53
- Other -6.31
|
Top holdings5
|
Sector | (%) |
|---|---|---|
| 1. CI MStar Intl Value Index ETF (VXM) | Exchange Traded Fund | 99.50% |
| 2. CASH | Cash and Cash Equivalent | 1.54% |
Note: This page is not complete without disclaimers on the next page.
1 The risk level of a fund has been determined in accordance with a standardized risk classification methodology in National Instrument 81-102, that is based on the fund’s historical volatility as measured by the 10-year standard deviation of the fund’s returns. Where a fund has offered securities to the public for less than 10 years, the standardized methodology requires that the standard deviation of a reference mutual fund or index that reasonably approximates the fund’s standard deviation be used to determine the fund’s risk rating. Please note that historical performance may not be indicative of future returns and a fund’s historical volatility may not be indicative of future volatility.
2 Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns net of fees and expenses payable by the fund (except for figures of one year or less, which are simple total returns) including changes in security value and reinvestment of all dividends/distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.
5 The portfolio holdings are subject to change without notice and may only represent a small percentage of portfolio holdings. They are not recommendations to buy or sell any particular security.
The contents are not to be used or construed as investment advice or as an endorsement or recommendation of any entity of security discussed.
Certain statements contained in this communication are based in whole or in part on information provided by third parties and CI has taken reasonable steps to ensure their accuracy.
The rates of return are used only to illustrate the effects of the compound growth rate and are not intended to reflect future values or returns on investment in an investment fund.
The “Growth of $10,000 invested” chart shows the final value of a hypothetical $10,000 investment in securities in this class/series of the fund as at the end of the investment period indicated and is not intended to reflect future values or returns on investment in such securities.
Management Expense Ratio (“MER”) represents the trailing 12-month management expense ratio, which reflects the cost of running the fund, inclusive of applicable taxes including HST, GST and QST (excluding commissions and other portfolio transaction costs) as a percentage of daily average net asset value the period, including the fund’s proportionate share of any underlying fund(s) expenses, if applicable. The MER is reported in each fund’s Management Report of Fund Performance (“MRFP”). MRFPs can be found within the Documents tab on ci.com.
CI Global Asset Management is a registered business name of CI Investments Inc. ©CI Investments Inc. 2026. All rights reserved.
Published May 2026