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QXM ETF · CI Morningstar National Bank Québec Index ETF
The QXM Exchange Traded Fund (ETF) is provided by CI. It is built to track an index: Morningstar National Bank Quebec Index. The QXM ETF provides physical exposure, so by buying it you actually own parts of all the 50 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update 5/11/2026, 1:30 PM UTC
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This fund is part ofDeveloped Market Blended Cap1M perf.+6.22%
Last price
$39.32
-0.38%
1M perf.
-0.20%
1M flows
N/A
AuM
€55M
TER
0.57%
Rating
ESG Consensus®
QXM
$39.32
-0.38%
Performance & flows
Segment for quartile rank
February 12, 2026 → May 12, 2026
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QXM
$38.91
+0.45%
Developed Market Blended Cap
+5.42%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -0.20%  | +0.45% | +26.79%  | +54.72% | +69.70%  | -0.66% | +2.83% | +1.81% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
5/12/2026
$38.91
1D NAV change
-0.11%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
50
Inception date
2/2/2012
Jurisdiction
Canada
Distribution
Canada
Legal structure
Unit Investment Trust
Base currency
CAD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
The First Asset Morningstar National Bank Québec Index ETF has been designed to replicate, to the extent possible, the performance of the Morningstar® National Bank Québec Index℠, net of expenses. The investment strategy of the First Asset Morningstar National Bank Québec Index ETF is to invest in and hold Constituent Securities of the Morningstar® National Bank Québec Index℠. The First Asset Morningstar National Bank Québec Index ETF invests in equity securities of issuers with a minimum float capitalization of $150 million and which are headquartered in the Province of Québec.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +0.45% | +26.79% | +54.72% | +69.70% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
Canada
99.94%
Sectors
Industrials
26.35%
Financials
15.93%
Consumer Discretionary
10.74%
Consumer Staples
8.99%
Communication Services
8.60%
Information Technology
5.68%
Materials
4.17%
Utilities
1.25%
Unavailable
17.18%
Other
1.11%
Diversification
Total weight of top 15 holdings out of 50
Top 15 holdings
Data as of March 31, 2026
POWER CORPORATION OF CANADA
BOMBARDIER
BCE
METRO
CGI INC
CA01626P1484
NATIONAL BANK OF CANADA
CDN NATL RAILWAY
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IA FINANCIAL CORP
WSP GLOBAL INC
CA04764T1049
GILDAN ACTIVEWEAR
DOLLARAMA
TFI INTERNATIONAL INC
CAE
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More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
1-year trailing difference
As of April 30, 2026
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QXM
N/A
Replication quality
Calculated over 12m, as of April 30, 2026
Tracking error
Tracking difference
1-year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Replication information
Index
Index ticker
Index dividend policy
Replication method
Replication model
Issuer
CI
CI ID Card
Number of funds
149
Total AuM
€15.55B
Expense ratio range
0.05% - 2.35%
Average expense ratio
0.6991%
Top 5 funds by CI
| AuM | ||
|---|---|---|
CSAV | CI First Asset High Interest Savings ETF | €2.98B |
WXM | CI Morningstar Canada Momentum Index ETF | €945M |
CIAI | CI Global Artificial Intelligence ETF | €728M |
DGRC | CI Canada Quality Dividend Growth Index ETF | €550M |
BTCX.B | CI Galaxy Bitcoin ETF | €548M |
Frequently asked questions about QXM
What does CI Morningstar National Bank Québec Index ETF, QXM, invest in?
QXM is a Passive ETF. This ETF provides exposure to Canadian Equities.
Which benchmark or index does QXM replicate?
QXM tracks the Morningstar National Bank Quebec Total Return Index - CAD, through a full replication replication method.
What is the Total Expense ratio (TER) of QXM?
QXM carries a total expense ratio (TER) of 0.57%, indicating the annual cost for holding the fund.
When was QXM launched?
QXM was introduced to the market on February 2, 2012. It trades on Canada
Who is the ETF issuer of QXM?
CI Morningstar National Bank Québec Index ETF, QXM, is provided by CI. Learn more about CI here.
What is the current assets under management (AUM) of QXM?
QXM oversees €55M in assets as of May 12, 2026.
How has QXM performed lately?
Based on data from May 12, 2026, QXM returned -0.20% over the past month, 0.45% over the last three months and 1.81% year-to-date.
What are the latest inflows or outflows for QXM?
As of May 12, 2026, QXM recorded net flows of +€1.2M year-to-date.
Does QXM distribute dividends?
QXM follows a distributing dividend policy, meaning it pays out income to investors. As of May 12, 2026, its 12-month trailing yield was 1.18%.
What are the main country or region exposures of QXM?
As of March 31, 2026, QXM has significant geographic allocations in Canada.
In which sector or theme does QXM invest in?
As of March 31, 2026, QXM focuses largely on Industrials, Financials and Consumer Discretionary.
How many securities does QXM hold and how diversified is it?
As of March 31, 2026, QXM holds 50 positions in its portfolio, with 72.61% of assets concentrated in its top 15 holdings.
What are the main positions in QXM?
As of March 31, 2026, QXM top three holdings include POWER CORPORATION OF CANADA, BOMBARDIER and BCE.
What is the base currency of QXM?
The base currency of QXM is CAD.
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