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ZXM ETF · CI First Asset Morningstar International Momentum Index ETF
The ZXM Exchange Traded Fund (ETF) is provided by CI. It is built to track an index: Morningstar Developed Markets ex-North America Target Momentum Index. The ZXM ETF provides physical exposure, so by buying it you actually own parts of all the 199 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 5:18 PM UTC
LIVE
CLOSED
This fund is part ofDeveloped Market Blended Cap1M perf.-2.88%
Last price
$59.75
+1.65%
1M perf.
-3.22%
1M flows
+€778K
AuM
€33M
E/R
0.67%
Rating
Not rated
ESG Consensus®
ZXM
$59.75
+1.65%
Performance & flows
Segment for quartile rank
December 17, 2025 → March 17, 2026
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ZXM
$59.53
+7.75%
Developed Market Blended Cap
+1.35%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -3.22%  | +7.75%  | +36.39% | +95.72% | +91.94% | -6.67% | +5.61% | +5.61% | |
| 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
3/17/2026
$59.54
1D NAV change
+0.66%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
199
Inception date
11/13/2014
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
Product type
Benchmark
Morningstar Developed Markets ex-North America Target Momentum Index
Asset class
Factors
N/A
Investment strategy
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. It is intended that, except as described in the prospectus, at all times at least 90% of the foreign currency denominated assets held by the Fund attributable to the Units will be hedged back to the Canadian dollar.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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ZXM.B
1M perf.
-5.02%
E/R
0.64%
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1M perf.
-2.97%
E/R
0.07%
XEF
1M perf.
-5.02%
E/R
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ZEA
1M perf.
-4.99%
E/R
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A200
1M perf.
-2.81%
E/R
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +7.75% | +36.39% | +95.72% | +91.94% |
| 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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Enterprise
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Countries
Japan
27.52%
United Kingdom
11.68%
Australia
8.69%
Italy
8.62%
Sweden
6.69%
Spain
6.59%
Israel
3.68%
Switzerland
3.01%
Unavailable
0.32%
Other
23.20%
Sectors
Financials
26.47%
Industrials
24.65%
Materials
10.82%
Consumer Discretionary
9.25%
Utilities
5.91%
Information Technology
5.60%
Consumer Staples
3.92%
Health Care
3.17%
Unavailable
2.79%
Other
7.42%
Diversification
Total weight of top 15 holdings out of 199
Top 15 holdings
Data as of January 31, 2026
CHIYODA
HOCHSCHILD MINING
SE0020050417
RAMELIUS RESOURCES
FRESNILLO PLC
TEL AVIV STOCK EXCHANGE
EVOLUTION MINING
SHIBAURA MECHATRONICS
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GENESIS MINERALS
CODAN ORDINARY
PAN AFRICAN RESOURCES PLC
ASML HOLDING
ENDEAVOUR MINING
ADVANTEST
MONADELPHOUS GROUP
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
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Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about ZXM ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
ZXM’s has a Final Sustainability Grade of either C+, C, C-, or D.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
72.29% of holdings have positive scoring
27.52% of holdings have negative scoring
10.66%
40.42%
21.21%
6.49%
18.39%
Consensus levels
Strong
Medium
Weak
No data on remaining < 1% of holdings
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Not rated
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
Morningstar Developed Markets ex-North America Target Momentum Net Total Return Index - CAD
Index ticker
MSDMCN Index
Index dividend policy
NTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
CI
CI ID Card
Number of funds
148
Total AuM
€15.11B
Expense ratio range
0.05% - 2.35%
Average expense ratio
0.64%
Top 5 funds by CI
| AuM | ||
|---|---|---|
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DGRC | CI Canada Quality Dividend Growth Index ETF | €534M |
BTCX.B | CI Galaxy Bitcoin ETF | €524M |
Frequently asked questions about ZXM
What does CI First Asset Morningstar International Momentum Index ETF, ZXM, invest in?
ZXM is a Passive ETF. This ETF provides exposure to Equally Weighted Developed markets Equities.
Which benchmark or index does ZXM replicate?
ZXM tracks the Morningstar Developed Markets ex-North America Target Momentum Net Total Return Index - CAD, through a full replication replication method.
What is the Total Expense ratio (TER) of ZXM?
ZXM carries a total expense ratio (TER) of 0.67%, indicating the annual cost for holding the fund.
When was ZXM launched?
ZXM was introduced to the market on November 13, 2014. It trades on Canada
Who is the ETF issuer of ZXM?
CI First Asset Morningstar International Momentum Index ETF, ZXM, is provided by CI. Learn more about CI here.
What is the current assets under management (AUM) of ZXM?
ZXM oversees €33M in assets as of March 17, 2026.
How has ZXM performed lately?
Based on data from March 17, 2026, ZXM returned -3.22% over the past month, 7.75% over the last three months and 5.61% year-to-date.
What are the latest inflows or outflows for ZXM?
As of March 17, 2026, ZXM recorded net flows of +€776K over the last month and +€1.2M year-to-date.
Does ZXM distribute dividends?
ZXM follows a distributing dividend policy, meaning it pays out income to investors. As of March 17, 2026, its 12-month trailing yield was 2.27%.
What are the main country or region exposures of ZXM?
As of January 31, 2026, ZXM has significant geographic allocations in Japan, United Kingdom and Australia.
In which sector or theme does ZXM invest in?
As of January 31, 2026, ZXM focuses largely on Financials, Industrials and Materials.
How many securities does ZXM hold and how diversified is it?
As of January 31, 2026, ZXM holds 199 positions in its portfolio, with 9.54% of assets concentrated in its top 15 holdings.
What are the main positions in ZXM?
As of January 31, 2026, ZXM top three holdings include CHIYODA, HOCHSCHILD MINING and SE0020050417.
What is the base currency of ZXM?
The base currency of ZXM is CAD.
Is ZXM currency-hedged?
ZXM is hedged, meaning it seeks to minimize the impact of currency fluctuations between its base currency and the currency of the underlying assets.
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