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About CI Morningstar International Momentum Index ETF
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Inception date
Nov 13, 2014
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
CI Investments, Inc.
ISIN
CA12555J1021
The fund employs a multifactor strategy by combining technical price momentum indicators with upward earnings estimate revisions. Securities of companies that are listed, incorporated, domiciled, and have their primary business in developed markets outside the US & Canada are scored and ranked based on: i) return on equity (20%), ii) 3-, 9- and 12-month price momentum (40%), iii) 90-day fiscal earnings estimate revision (30%), and iv) latest fiscal period earnings (10%). The fund also applies an additional liquidity screen and selects 250 equally-weighted securities. The index rebalances and reconstitutes quarterly. Overall, the funds multifactor take on the international equity markets may be a used as a core investment or as a complement to WXM and YXM which on the other hand focuses on Canadian and US stocks, respectively. Prior to April 22, 2021, the fund name was CI First Asset Morningstar International Momentum Index ETF.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Producer Manufacturing
Industrial Services
Stocks98.65%
Finance33.67%
Producer Manufacturing10.87%
Industrial Services10.18%
Technology Services6.54%
Utilities6.01%
Retail Trade5.01%
Consumer Non-Durables4.48%
Transportation3.92%
Non-Energy Minerals3.51%
Electronic Technology2.99%
Consumer Durables2.47%
Communications2.03%
Commercial Services1.59%
Health Technology1.47%
Distribution Services1.44%
Consumer Services0.99%
Health Services0.51%
Energy Minerals0.50%
Miscellaneous0.47%
Bonds, Cash & Other1.35%
Cash0.78%
Miscellaneous0.56%
Stock breakdown by region
Europe56.86%
Asia28.78%
Oceania11.07%
Middle East3.28%
North America0.00%
Latin America0.00%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ZXM.B invests in stocks. The fund's major sectors are Finance, with 33.67% stocks, and Producer Manufacturing, with 10.87% of the basket. The assets are mostly located in the Europe region.
ZXM.B last dividends amounted to 0.81 CAD. The quarter before, the issuer paid 0.04 CAD in dividends, which shows a 94.62% increase.
ZXM.B assets under management is 24.05 M CAD. It's risen 4.01% over the last month.
ZXM.B fund flows account for −1.73 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, ZXM.B pays dividends to its holders with the dividend yield of 2.66%. The last dividend (Jun 30, 2025) amounted to 0.81 CAD. The dividends are paid quarterly.
ZXM.B shares are issued by CI Financial Corp. under the brand CI. The ETF was launched on Nov 13, 2014, and its management style is Passive.
ZXM.B expense ratio is 1.04% meaning you'd have to pay 1.04% of your investment to help manage the fund.
ZXM.B follows the Morningstar Developed Markets ex-North America Target Momentum Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZXM.B invests in stocks.
ZXM.B price has risen by 4.38% over the last month, and its yearly performance shows a 29.02% increase. See more dynamics on ZXM.B price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.67% over the last month, showed a 7.29% increase in three-month performance and has increased by 30.84% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.67% over the last month, showed a 7.29% increase in three-month performance and has increased by 30.84% in a year.
ZXM.B trades at a premium (0.22%) meaning the ETF is trading at a higher price than the calculated NAV.