New
Trackinsight Enterprise, a unified platform for institutional ETF research, analytics, and compliance, is now live. Explore Trackinsight Enterprise →
Help us improve your experience. Please confirm your investor type:
Compare ETFs Easily
The Ultimate ETF Comparison Tool - Try Now!
Analyze up to 5 ETFs side-by-side and gain instant insights on performance, fees, holdings, and more to make data-driven investment decisions.
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 203 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update 6/12/2026, 1:30 PM UTC
LIVE
CLOSED
This fund is part ofDeveloped Market Blended Cap1M perf.+0.55%
Last price
$63.04
1M perf.
-1.21%
1M flows
+€1.6M
AuM
€77M
TER
0.67%
Rating
Not rated
ESG Consensus®
ZXM
$63.04
Performance & flows
Segment for quartile rank
March 12, 2026 → June 12, 2026
Create a free account to view the flows graph
ZXM
$63.35
+6.60%
Developed Market Blended Cap
+10.37%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -1.21%  | +6.60%  | +33.94%  | +94.75% | +85.19% | -1.05% | +10.06% | +12.61% | |
| 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
6/12/2026
$63.36
1D NAV change
+2.73%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
203
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
Create a free account to view dividend distribution
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
Create a free Trackinsight Essentials account to unlock insights
Access exclusive metrics and features to support your investment decisions.
New to Trackinsight?
For individual investors
Essentials
A forever free toolbox for fund selection, analysis, research, and ETF portfolio construction.
More fund data
Compare up to 3 funds
More screener filters
Choose your own screener columns from 100+ metrics
Lists for saving your research
Portfolio construction and analysis
Personal dashboard for live monitoring
For professional investors
Enterprise
Trackinsight Enterprise addresses the everyday operational, regulatory, and analytical pain points faced by professional and institutional ETF investors, from selection to execution.
Request a free trialSimilar ETFs in your region
ZXM.B
1M perf.
-0.96%
TER
0.64%
VAS
1M perf.
+1.55%
TER
0.07%
XEF
1M perf.
+3.46%
TER
0.23%
ZEA
1M perf.
+3.90%
TER
0.22%
A200
1M perf.
-0.70%
TER
0.04%
Advertisement
Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +6.60% | +33.94% | +94.75% | +85.19%  |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
Create a free account to view risk/return table
Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
Japan
30.91%
United Kingdom
9.02%
Italy
8.29%
Australia
7.55%
Spain
7.14%
Sweden
5.00%
Norway
4.76%
Germany
3.29%
Unavailable
1.50%
Other
22.53%
Sectors
Industrials
28.37%
Financials
18.83%
Materials
11.51%
Consumer Discretionary
9.16%
Information Technology
8.45%
Utilities
5.95%
Energy
4.99%
Consumer Staples
3.42%
Unavailable
4.14%
Other
5.18%
Diversification
Total weight of top 15 holdings out of 203
Top 15 holdings
Data as of April 30, 2026
Create a free account to view top holdings
Create a free account to view top holdings
More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of April 30, 2026
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 B+, B, or B-.
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
76.23% of holdings have positive scoring
24.75% of holdings have negative scoring
9.39%
53.29%
13.55%
8.95%
14.74%
Consensus levels
Strong
Medium
Weak
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
Not rated
1-year trailing difference
As of May 29, 2026
Create a free account to view the replication graph
ZXM
N/A
Replication quality
Calculated over 12m, as of May 29, 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
€15.48B
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 | €2.89B |
WXM | CI Morningstar Canada Momentum Index ETF | €988M |
CIAI | CI Global Artificial Intelligence ETF | €697M |
VXM | CI First Asset Morningstar International Value Index ETF | €589M |
DGRC | CI Canada Quality Dividend Growth Index ETF | €578M |
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 €77M in assets as of June 12, 2026.
How has ZXM performed lately?
Based on data from June 12, 2026, ZXM returned -1.21% over the past month, 6.60% over the last three months and 12.61% year-to-date.
What are the latest inflows or outflows for ZXM?
As of June 12, 2026, ZXM recorded net flows of +€1.6M over the last month and +€44M year-to-date.
Does ZXM distribute dividends?
ZXM follows a distributing dividend policy, meaning it pays out income to investors. As of June 12, 2026, its 12-month trailing yield was 2.25%.
What are the main country or region exposures of ZXM?
As of April 30, 2026, ZXM has significant geographic allocations in Japan, United Kingdom and Italy.
In which sector or theme does ZXM invest in?
As of April 30, 2026, ZXM focuses largely on Industrials, Financials and Materials.
How many securities does ZXM hold and how diversified is it?
As of April 30, 2026, ZXM holds 203 positions in its portfolio, with 10.25% of assets concentrated in its top 15 holdings.
What are the main positions in ZXM?
As of April 30, 2026, ZXM top three holdings include AT&S AUSTRIA TECH&SYSTEMTECHN, JP3236330001 and FURUKAWA ELEC.
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.
Advertisement
About Trackinsight
Since our founding in 2016, we have been at the forefront of the industry, delivering accessible, comprehensive, and reliable tools to support the evolving needs of investors.
Over the past decade, Trackinsight has expanded its operations across six countries, serving thousands of professional investors. We’ve consistently innovated to provide cutting-edge solutions that meet the changing demands of the ETF market.
In 2024, Kepler Cheuvreux, a leading independent European financial services firm, acquired a majority stake in Trackinsight, becoming the company's principal shareholder.
This strategic partnership solidifies Trackinsight's position as a premier provider of ETF selection and analysis tools, while strengthening Kepler Cheuvreux’s commitment to becoming a leading player in the ETF sector.
Together, we are committed to offering advanced services that empower professional investors, advisors, institutions, and issuers. This new step enables us to deliver even more comprehensive and innovative technological solutions, driving ETF investing to new heights.
More about TrackinsightETF TOOLS
PLATFORM
ETF NEWS & RESEARCH
© 2014-2026 Trackinsight SA. All rights reserved.
Privacy policy | Cookie policy | | Terms of use | Imprint
Privacy policy | Cookie policy | | Terms of use | Imprint
