CI Morningstar Canada Momentum Index ETF

Fund Overview

The Fund has been designed to replicate, to the extent possible, the performance of the Morningstar® Canada Target Momentum IndexTM (the "Index"), net of expenses. The Fund invests in equity securities of the largest and most liquid Canadian public issuers based upon proprietary research generated by Morningstar, and is designed to provide diversified exposure to Canadian issuers 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.

Investor suitability
For those who:

  • want Canadian equity exposure
  • want to receive regular quarterly cash flows (if any)
  • Can tolerate low to medium risk.


WXM 0.97%2.75%12.47%19.16%18.49%14.32%9.89%13.21%11.66%11.23%
As at: 31 Aug 2021 - Benchmark: S&P/TSX Composite Index (Total Return)


Historical NAVs

Sector Breakdown

As at August 31, 2021

The indicated rates of return are the historical annual compounded total returns, including changes in unit value and do not take into account sales, redemption or optional charges or income taxes payable by a security holder that would have reduced returns.

The S&P/TSX Composite Index is a capitalization-weighted index designed to measure market activity of stocks listed on the Toronto Stock Exchange. This index is used as a benchmark to help you understand the Fund`s performance relative to the general performance of broader Canadian equity market.

Key Facts

Index Characteristics

Number of Securities30
Price/Earnings Ratio9.87
Price/Book Ratio1.96
As at 31 Aug, 2021

Index Risk Return Measures

Time period: 12/29/2000 to 08/31/2021 Index Benchmark
Return (% annualized)13.126.90
Std Dev14.3113.55
Sortino Ratio1.200.58
Up Capture109.90100.00
Down Capture75.36100.00
As at 31 Aug, 2021
Index: Morningstar® Canada Target Momentum Index TR
Benchmark: S&P/TSX Composite TR Index

Number of securities: 30

Asset Allocation

Security Type%
Common Stock100.00%



CI ETFs endeavours to disclose the portfolio holdings of its index-tracking ETFs (the "Index ETFs") on its website daily. In connection with the regular reconstitution/rebalancing of the indexes tracked by the Index ETFs, CI ETFs may be contractually precluded from disclosing portfolio changes arising in connection with the reconstitution/rebalancing.

In order to prevent the inadvertent breach by CI ETFs of its contractual obligations and also in order to ensure that the Index ETF’s interests are maximized, CI ETFs has implemented this best practice Disclosure Policy. This policy requires that, from the period commencing 3 trading days prior to the effective date of any index reconstitution/rebalancing in respect of an Index ETF (the “Rebalancing Effective Date”) and ending 10 trading days after the Rebalancing Effective Date (or such later date at which all related Rebalancing Trades have been completed) (the “Rebalancing Period”), CI ETFs will not update portfolio information on its website in respect of such Index ETF but will instead continue to display portfolio information in respect of such Index ETF as at the trading date immediately prior to the commencement of the Rebalancing Period. This policy will protect the Index ETF from potentially being exposed to external risk factors, such as front-running, during the Rebalancing Period, and will also ensure that CI ETFs does not inadvertently breach its contractual obligations.
NameSecurity TypeISINTicker %
goeasy Ltd Common StockCA3803551074 GSY CN 4.51
Stelco Holdings Inc Common StockCA8585221051 STLC CN 4.24
BRP INC Common StockCA05577W2004 DOO CN 4.20
TFI International Inc Common StockCA87241L1094 TFII CN 4.06
Constellation Software Inc/Canada Common StockCA21037X1006 CSU CN 3.93
Colliers International Group Inc Common StockCA1946931070 CIGI CN 3.92
FIRSTSERVICE CORP Common StockCA33767E2024 FSV CN 3.64
ONEX CORP Common StockCA68272K1030 ONEX CN 3.52
National Bank of Canada Common StockCA6330671034 NA CN 3.51
AltaGas Ltd Common StockCA0213611001 ALA CN 3.37
Bank of Montreal Common StockCA0636711016 BMO CN 3.31
Finning International Inc Common StockCA3180714048 FTT CN 3.26
Intertape Polymer Group Inc Common StockCA4609191032 ITP CN 3.25
DOLLARAMA INC Common StockCA25675T1075 DOL CN 3.25
Russel Metals Inc Common StockCA7819036046 RUS CN 3.23
ARC Resources Ltd Common StockCA00208D4084 ARX CN 3.21
North West Co Inc/The Common StockCA6632782083 NWC CN 3.19
Corus Entertainment Inc Common StockCA2208741017 CJR/B CN 3.19
Quebecor Inc Common StockCA7481932084 QBR/B CN 3.14
Laurentian Bank of Canada Common StockCA51925D1069 LB CN 3.14
AutoCanada Inc. Common StockCA05277B2093 ACQ CN 3.12
Enerplus Corp Common StockCA2927661025 ERF CN 3.03
Cenovus Energy Inc Common StockCA15135U1093 CVE CN 2.98
Crescent Point Energy Corp Common StockCA22576C1014 CPG CN 2.85
Imperial Oil Ltd Common StockCA4530384086 IMO CN 2.84
Labrador Iron Ore Royalty Corp Common StockCA5054401073 LIF CN 2.84
ERO Copper Corp Common StockCA2960061091 ERO CN 2.81
FIRST QUANTUM MINERALS LTD Common StockCA3359341052 FM CN 2.79
Magna International Inc Common StockCA5592224011 MG CN 2.77
Linamar Corp Common StockCA53278L1076 LNR CN 2.75
US DOLLAR Currency Security 0.00

As at: 13 September 2021
Holdings are subject to change



Distribution details (.csv)

Twelve month trailing distribution yield : 0.94% (as at 22 Sep 2021)

WXMTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
2021 +$0.18500$0.18500--------
2020 +$0.17230$0.16030$0.01200$0.16904---$0.00326--
2019 +$0.21100$0.18600$0.02500$0.20692---$0.00408--
2018 +$0.58040$0.21940$0.36100$0.11643--$0.46397---
2017 +$0.23460$0.22460$0.01000$0.22646---$0.00814--
2016 +$0.23650$0.23650-$0.19768---$0.03882--
2015 +$0.30640$0.21060$0.09580$0.21572--$0.09062$0.00006--
2014 +$0.27570$0.18790$0.08780$0.15132--$0.12438---
2013 +$0.21375$0.21375-$0.09855---$0.11520--
2012 +$0.17780$0.17780-$0.12706---$0.05074--

(1) Future distribution dates may be amended at any time. (2) Reinvested distributions are not paid in cash but instead remain invested in the Fund. To recognize that these distributions have been allocated to investors for tax purposes the amounts of these distributions should be added to the adjusted cost base of the units held. (3) The characterization of distributions for tax purposes (such as dividends/other income/capital gains etc.) will not be known for certain until after the Fund's tax year end. Therefore investors will be informed of the characterization of the amounts distributed for tax purposes only for the entire year and not with each distribution. For tax purposes these amounts will be reported by brokers on official tax statements.


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22 Apr, 2021 - ETF Facts

National Instrument 81-106 Investment Fund Continuous Disclosure requires disclosure of the proxy voting record on an annual basis for the period ending on June 30 of each year. The proxy voting record must be posted on the website no later than August 31 of each year.

Canadian securities law provides that the manager of an investment funds (in this case, CI Investments Inc. ("CI")), acting on behalf of the investment fund, has the right and obligation to vote proxies relating to the investment fund's portfolio securities. As a practical matter, CI delegates this function to the applicable portfolio manager or sub-adviser, as part of the portfolio manager's or sub-adviser's general management of the investment fund assets, subject to oversight by CI. CI generally requires that applicable portfolio managers or sub-advisers vote all proxies in the best interest of CI's funds and their securityholders, as determined solely by the portfolio manager or sub-adviser, and subject to CI's proxy voting policy, the guidelines applicable to the individual portfolio manager or sub-adviser, and applicable legislation. Portfolio managers and sub-advisers are generally expected to vote on any matter for which the investment fund receives proxy materials for a meeting of securityholders of an issuer.

Proxy voting record for the most recent year:

30 Jun, 2020 - Proxy Voting Record

Warning: Documents posted on this website (including, without limitation, prospectuses) are current only as of the date on them

To access the SEDAR filings of CI Morningstar Canada Momentum Index ETF please click here