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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 205 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 7:34 PM UTC
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This fund is part ofDeveloped Market Blended Cap1M perf.+6.22%
Last price
$64.41
-0.22%
1M perf.
+3.00%
1M flows
+€41M
AuM
€78M
TER
0.67%
Rating
Not rated
ESG Consensus®
ZXM
$64.41
-0.22%
Performance & flows
Segment for quartile rank
February 12, 2026 → May 12, 2026
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ZXM
$64.13
+4.03%
Developed Market Blended Cap
+5.42%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +3.00%  | +4.03% | +40.99%  | +102.62% | +99.87% | +3.16% | +11.41% | +14.00% | |
| 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
$64.14
1D NAV change
-0.16%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
205
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
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.
+3.10%
TER
0.64%
VAS
1M perf.
-2.44%
TER
0.07%
XEF
1M perf.
+0.74%
TER
0.23%
ZEA
1M perf.
-0.19%
TER
0.22%
A200
1M perf.
-2.64%
TER
0.04%
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +4.03% | +40.99% | +102.62% | +99.87% |
| 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
Japan
31.26%
United Kingdom
9.27%
Italy
8.73%
Australia
7.52%
Spain
7.30%
Sweden
5.48%
Norway
5.13%
Germany
3.04%
Israel
2.79%
Other
19.63%
Sectors
Industrials
28.33%
Financials
19.76%
Materials
11.50%
Consumer Discretionary
9.56%
Information Technology
7.31%
Utilities
6.53%
Energy
5.43%
Consumer Staples
3.79%
Unavailable
2.22%
Other
5.56%
Diversification
Total weight of top 15 holdings out of 205
Top 15 holdings
Data as of March 31, 2026
BUMITAMA AGRI
SOLARIA ENERGIA Y MEDIO AMBIENTE
MODEC
AT&S AUSTRIA TECH&SYSTEMTECHN
FURUKAWA ELEC
SHIKOKU ELECTRIC POWER
YARA INTL
MEIDENSHA
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NORDEX
SUMITOMO PHARMA CO LTD
JPN PETROLEUM EX
AKER SOLUTIONS ASA
FIRST RESOURCES
KYUSHU ELECTRIC POWER
FUJIKURA
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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:
Not rated
1-year trailing difference
As of April 30, 2026
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ZXM
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 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 ex-North America 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 €78M in assets as of May 12, 2026.
How has ZXM performed lately?
Based on data from May 12, 2026, ZXM returned 3.00% over the past month, 4.03% over the last three months and 14.00% year-to-date.
What are the latest inflows or outflows for ZXM?
As of May 12, 2026, ZXM recorded net flows of +€41M over the last month and +€43M year-to-date.
Does ZXM distribute dividends?
ZXM follows a distributing dividend policy, meaning it pays out income to investors. As of May 12, 2026, its 12-month trailing yield was 2.22%.
What are the main country or region exposures of ZXM?
As of March 31, 2026, ZXM has significant geographic allocations in Japan, United Kingdom and Italy.
In which sector or theme does ZXM invest in?
As of March 31, 2026, ZXM focuses largely on Industrials, Financials and Materials.
How many securities does ZXM hold and how diversified is it?
As of March 31, 2026, ZXM holds 205 positions in its portfolio, with 8.71% of assets concentrated in its top 15 holdings.
What are the main positions in ZXM?
As of March 31, 2026, ZXM top three holdings include BUMITAMA AGRI, SOLARIA ENERGIA Y MEDIO AMBIENTE and MODEC.
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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