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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 Today at 1:30 PM UTC
LIVE
CLOSED
This fund is part ofDeveloped Market Blended Cap1M perf.-0.43%
Last price
$39.45
1M perf.
+1.24%
1M flows
N/A
AuM
€57M
TER
0.57%
Rating
QXM
$39.45
Performance & flows
Segment for quartile rank
April 2, 2026 → July 2, 2026
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QXM
$40.52
+6.38%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +1.24%  | +6.38%  | +21.67%  | +59.13% | +64.70% | +0.13% | +0.13% | +6.30%  | |
| 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
7/2/2026
$40.52
1D NAV change
+0.13%
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 | +6.38% | +21.67% | +59.13% | +64.70% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Exposure
Countries
Canada
100.01%
Sectors
Industrials
32.54%
Finance
17.52%
Consumer Non-Cyclicals
12.41%
Consumer Cyclicals
11.41%
Non-Energy Materials
10.47%
Telecommunications
8.35%
Technology
4.71%
Utilities
1.20%
Other
1.40%
Diversification
Total weight of top 15 holdings out of 50
Top 15 holdings
Data as of May 31, 2026
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Sustainability
Integrates ESG criteria
No
SDG
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Replication
Trackinsight replication rating:
1-year trailing difference
As of June 30, 2026
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QXM
N/A
Replication quality
Calculated over 12m, as of June 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
€15.53B
Expense ratio range
0.05% - 2.35%
Average expense ratio
0.6991%
Top 5 funds by CI
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 €57M in assets as of July 2, 2026.
How has QXM performed lately?
Based on data from July 2, 2026, QXM returned 1.24% over the past month, 6.38% over the last three months and 6.30% year-to-date.
What are the latest inflows or outflows for QXM?
As of July 2, 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 July 2, 2026, its 12-month trailing yield was 1.01%.
What are the main country or region exposures of QXM?
As of May 31, 2026, QXM has significant geographic allocations in Canada.
In which sector or theme does QXM invest in?
As of May 31, 2026, QXM focuses largely on Industrials, Finance and Consumer Non-Cyclicals.
How many securities does QXM hold and how diversified is it?
As of May 31, 2026, QXM holds 50 positions in its portfolio, with 73.37% of assets concentrated in its top 15 holdings.
What are the main positions in QXM?
As of May 31, 2026, QXM top three holdings include Bombardier, Inc., Power Corp of Canada and TFI International, Inc..
What is the base currency of QXM?
The base currency of QXM is CAD.
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