CI Morningstar National Bank Québec Index ETF

Fund Overview

The Fund has been designed to replicate, to the extent possible, the performance of the Morningstar® National Bank Québec IndexTM (the "Index"), net of expenses. The Fund invests in equity securities of equity securities of issuers with a minimum float capitalization of $150 million and which are headquartered in the Province of Québec.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 to companies headquartered in Quebec
  • want to receive regular quarterly cash flows (if any)
  • can tolerate low to medium risk.

Performance

 1m3m6mYTD1y2y3y4y5ySI
QXM -3.71%3.24%10.03%20.51%39.09%13.35%11.20%10.05%10.18%12.49%
Benchmark-2.22%0.17%8.73%17.48%28.02%13.12%11.07%9.75%9.64%8.20%
As at: 30 Sep 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 Securities56
Price/Earnings Ratio18.50
Price/Book Ratio2.66
As at 31 Aug, 2021

Index Risk Return Measures

Time period: 10/16/2006 to 08/31/2021 Index Benchmark
Return (% annualized)10.016.76
Std Dev13.1613.56
Beta0.821.00
Sharpe0.680.44
Sortino Ratio0.950.61
Up Capture95.56100.00
Down Capture72.19100.00
As at 31 Aug, 2021
Index: Morningstar® National Bank Québec IndexTM
Benchmark: S&P/TSX Composite TR Index

Number of securities: 60

Asset Allocation

Security Type%
Common Stock96.42%
Foreign Stock3.57%

Holdings

Reconstitution/Rebalancing

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 %
WSP GLOBAL INC Common StockCA92938W2022 WSP CN 5.24
CGI INC Common StockCA12532H1047 GIB/A CN 5.12
DOLLARAMA INC Common StockCA25675T1075 DOL CN 5.10
NATIONAL BANK OF CANADA Common StockCA6330671034 NA CN 4.99
METRO INC Common StockCA59162N1096 MRU CN 4.98
BCE INC Common StockCA05534B7604 BCE CN 4.97
POWER CORP CANADA Common StockCA7392391016 POW CN 4.96
CANADIAN NATIONAL RAILWAY CO Common StockCA1363751027 CNR CN 4.94
LIGHTSPEED COMMERCE INC Common StockCA53229C1077 LSPD CN 4.93
ALIMENTATION COUCHE-TARD INC Common StockCA01626P4033 ATD/B CN 4.89
CAE INC Common StockCA1247651088 CAE CN 4.47
TFI INTERNATIONAL INC Common StockCA87241L1094 TFII CN 4.03
NUVEI CORPORATION Common StockCA67079A1021 NVEI CN 3.64
BAUSCH HEALTH COS INC Foreign StockCA0717341071 BHC CN 3.56
SAPUTO INC Common StockCA8029121057 SAP CN 3.26
GILDAN ACTIVEWEAR INC Common StockCA3759161035 GIL CN 3.18
IA FINANCIAL CORP INC Common StockCA45075E1043 IAG CN 2.89
AIR CANADA Common StockCA0089118776 AC CN 2.85
SNC-LAVALIN GROUP INC Common StockCA78460T1057 SNC CN 2.15
QUEBECOR INC Common StockCA7481932084 QBR/B CN 1.67
BOMBARDIER INC Common StockCA0977512007 BBD/B CN 1.61
BRP INC Common StockCA05577W2004 DOO CN 1.55
BORALEX INC Common StockCA09950M3003 BLX CN 1.47
INNERGEX RENEWABLE ENERGY INC Common StockCA45790B1040 INE CN 1.16
STELLA-JONES INC Common StockCA85853F1053 SJ CN 0.98
OSISKO GOLD ROYALTIES LTD Common StockCA68827L1013 OR CN 0.86
RICHELIEU HARDWARE LTD Common StockCA76329W1032 RCH CN 0.83
COGECO COMMUNICATIONS INC Common StockCA19239C1068 CCA CN 0.82
TURQUOISE HILL RESOURCES LTD Common StockCA9004352071 TRQ CN 0.70
LAURENTIAN BANK OF CANADA Common StockCA51925D1069 LB CN 0.65
COMINAR REIT Common StockCA1999101001 CUF-U CN 0.64
INTERTAPE POLYMER GROUP INC Common StockCA4609191032 ITP CN 0.58
TRANSCONTINENTAL INC Common StockCA8935781044 TCL/A CN 0.53
MTY FOOD GROUP INC Common StockCA55378N1078 MTY CN 0.48
CASCADES INC Common StockCA1469001053 CAS CN 0.41
SAVARIA CORP Common StockCA8051121090 SIS CN 0.35
AYA GOLD & SILVER INC Common StockCA05466C1095 AYA CN 0.31
GDI INTEGRATED FAC SVCS INC Common StockCA3615692058 GDI CN 0.27
UNI-SELECT INC Common StockCA90457D1006 UNS CN 0.27
COGECO INC Common StockCA19238T1003 CGO CN 0.26
FIERA CAPITAL CORP Common StockCA31660A1030 FSZ CN 0.24
TECSYS INC Common StockCA8789501043 TCS CN 0.24
NANOXPLORE INC Common StockCA63010G1000 GRA CN 0.24
DOREL INDUSTRIES INC Common StockCA25822C2058 DII/B CN 0.22
LASSONDE INDUSTRIES INC Common StockCA5179071017 LAS/A CN 0.21
KNIGHT THERAPEUTICS INC Common StockCA4990531069 GUD CN 0.20
GOODFOOD MARKET CORP Common StockCA38217M1005 FOOD CN 0.19
HEROUX-DEVTEK INC Common StockCA42774L1094 HRX CN 0.19
BELLUS HEALTH INC Common StockCA07987C2040 BLU CN 0.17
PYROGENESIS CANADA INC Common StockCA74734T1049 PYR CN 0.17
THERATECHNOLOGIES INC Common StockCA88338H1001 TH CN 0.15
PRO REIT Common StockCA7426943006 PRV-U CN 0.14
XEBEC ADSORPTION INC Common StockCA9838911027 XBC CN 0.13
OPSENS INC Common StockCA6838231083 OPS CN 0.11
STINGRAY GROUP INC Common StockCA86084H1001 RAY/A CN 0.11
BTB REIT Common StockCA11777P3007 BTB-U CN 0.11
5N PLUS INC Common StockCA33833X1015 VNP CN 0.08
MDF COMMERCE INC Common StockCA55283M1032 MDF CN 0.08
ALITHYA GROUP INC Common StockCA01643B1067 ALYA CN 0.07
TRANSAT A T INC Common StockCA89351T4019 TRZ CN 0.06
US DOLLAR Currency Security 0.00

As at: 13 October 2021
Holdings are subject to change

99.66%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 1.00% (as at 14 Oct 2021)

QXMTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$5.95690$2.58630$3.37060$2.03405--$3.70643$0.01622--
2021 +$0.20020$0.20020--------
23-Sep$0.06720$0.06720--------
24-Jun$0.06720$0.06720--------
25-Mar$0.06580$0.06580--------
2020 +$0.30350$0.28550$0.01800$0.30350------
30-Dec$0.01800-$0.01800$0.01800------
23-Dec$0.06920$0.06920-$0.06920------
24-Sep$0.06920$0.06920-$0.06920------
24-Jun$0.06920$0.06920-$0.06920------
25-Mar$0.07790$0.07790-$0.07790------
2019 +$0.92330$0.31230$0.61100$0.28152--$0.63549$0.00629--
30-Dec$0.61100-$0.61100$0.18630--$0.42053$0.00416--
23-Dec$0.07790$0.07790-$0.02375--$0.05362$0.00053--
24-Sep$0.07790$0.07790-$0.02375--$0.05362$0.00053--
24-Jun$0.07940$0.07940-$0.02421--$0.05465$0.00054--
25-Mar$0.07710$0.07710-$0.02351--$0.05307$0.00053--
2018 +$0.64270$0.30070$0.34200$0.24322--$0.39852$0.00096--
28-Dec$0.34200-$0.34200$0.12942--$0.21206$0.00051--
21-Dec$0.07950$0.07950-$0.03009--$0.04930$0.00012--
24-Sep$0.07460$0.07460-$0.02823--$0.04626$0.00011--
25-Jun$0.07470$0.07470-$0.02827--$0.04632$0.00011--
23-Mar$0.07190$0.07190-$0.02721--$0.04458$0.00011--
2017 +$0.63750$0.27750$0.36000$0.23767--$0.39533$0.00450--
28-Dec$0.36000-$0.36000$0.13422--$0.22324$0.00254--
28-Dec$0.06870$0.06870-$0.02561--$0.04260$0.00049--
28-Sep$0.06790$0.06790-$0.02531--$0.04211$0.00048--
29-Jun$0.06890$0.06890-$0.02569--$0.04273$0.00048--
30-Mar$0.07200$0.07200-$0.02684--$0.04465$0.00051--
2016 +$0.90910$0.28030$0.62880$0.22548--$0.68362---
29-Dec$0.06890$0.06890-$0.01709--$0.05181---
29-Dec$0.62880-$0.62880$0.15596--$0.47284---
29-Sep$0.07000$0.07000-$0.01736--$0.05264---
29-Jun$0.07120$0.07120-$0.01766--$0.05354---
30-Mar$0.07020$0.07020-$0.01741--$0.05279---
2015 +$1.19650$0.25180$0.94470$0.24387--$0.95263---
30-Dec$0.06840$0.06840-$0.01394--$0.05446---
30-Dec$0.94470-$0.94470$0.19255--$0.75215---
29-Sep$0.06480$0.06480-$0.01321--$0.05159---
29-Jun$0.06330$0.06330-$0.01290--$0.05040---
30-Mar$0.05530$0.05530-$0.01127--$0.04403---
2014 +$0.56130$0.30780$0.25350$0.17422--$0.38644$0.00064--
30-Dec$0.14130$0.14130-$0.04386--$0.09728$0.00016--
30-Dec$0.25350-$0.25350$0.07868--$0.17453$0.00029--
29-Sep$0.05680$0.05680-$0.01763--$0.03910$0.00007--
27-Jun$0.05470$0.05470-$0.01698--$0.03766$0.00006--
28-Mar$0.05500$0.05500-$0.01707--$0.03787$0.00006--
2013 +$0.41760$0.20500$0.21260$0.17732--$0.24022$0.00006--
30-Dec$0.05500$0.05500-$0.02335--$0.03164$0.00001--
30-Dec$0.21260-$0.21260$0.09028--$0.12230$0.00002--
27-Sep$0.05000$0.05000-$0.02123--$0.02876$0.00001--
27-Jun$0.05000$0.05000-$0.02123--$0.02876$0.00001--
27-Mar$0.05000$0.05000-$0.02123--$0.02876$0.00001--
2012 +$0.16520$0.16520-$0.14725--$0.01418$0.00377--
28-Dec$0.05000$0.05000-$0.04457--$0.00429$0.00114--
27-Sep$0.04500$0.04500-$0.04011--$0.00386$0.00103--
30-Jun$0.04380$0.04380-$0.03904--$0.00376$0.00100--
29-Mar$0.02640$0.02640-$0.02353--$0.00227$0.00060--

(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.

News

23 Oct 2015 CI Financial scoops up ETF provider First Asset Capital The Globe and Mail | Clare O'Hara
21 Jul 2015 Stripping away preconceived notions of fixed income Financial Post | John Pagliacci
30 Sep 2014 A look inside Canada's hottest ETFs Special to the Globe and Mail | Andrew Hallam
18 Jun 2014 First Asset ETFs June Distributions Marketwired
15 May 2014 There’s no debating the intelligence of “smart beta” Your Guide to ETF Investing
13 May 2014 Behind the Scenes with Smart Beta www.wealthprofessional.ca
5 May 2014 Taming Wild Currency Plays www.wealthprofessional.ca
14 Apr 2014 Fifteen top Canadian equity funds The Globe and Mail | Jacqueline Nelson
19 Mar 2014 First Asset ETFs March Distributions Marketwired
14 Mar 2014 Understanding factor-indexed ETFs ADVISOR.CA
10 Dec 2013 Intelligent indexing puts a new spin on ETF investing Special to Financial Post
17 Oct 2013 Scouring for ETFs that mix growth, value The Globe and Mail | Ian McGugan
13 Sep 2013 Don't buy exchange-traded funds blindly Richmond News
17 Jun 2013 20 stocks that satisfy hunger for dividend yield, taste for growth The Globe and Mail | Ian McGugan
19 Mar 2013 First Asset ETFs Deliver Top Results Marketwired
1 Dec 2012 Fixed-income ETFs hit the sweet spot Investment Executive | Dwarka Lakhan
30 Nov 2012 5 myths about exchange traded funds Financial Post | David Pett
14 Mar 2012 Don't take your ETF's yield at face value Morningstar | John Gabriel
12 Mar 2012 XTF Insight: Convertible bond exchange-traded funds show potential in diversified portfolios Financial Post | Postmedia for XTF | Barry Gordon
7 Mar 2012 Are ETFs bought, rather than sold? Financial Post | Jonathan Chevreau
5 Mar 2012 XTF Insight: Hedging your bets with ETFs Financial Post | Postmedia for XTF
23 Feb 2012 Sizing up the new kid on the block Morningstar | John Gabriel
17 Feb 2012 More room to grow for Canadian ETFs Financial Post | David Pett
16 Feb 2012 Inside Morningstar's New Strategy Indexes Canadian Couch Potato | Dan Bortolotti
13 Feb 2012 How ETFs Have Evolved ETF TRENDS | John Spence
13 Feb 2012 XTF Insight: The evolution of ETFs Financial Post | Postmedia for XTF | Barry Gordon
8 Feb 2012 ETFs spurring shift to fee-based advice The Globe and Mail | John Heinzl
6 Feb 2012 Two new 'intelligent index' funds to begin trading Financial Post | Jonathan Chevreau
6 Feb 2012 XTF Insight: Understanding the basics of ETF liquidity Financial Post | Postmedia for XTF
31 Jan 2012 XTF to launch seven ETFs that track Morningstar indices Investment Executive | Megan Harman
31 Jan 2012 Seven new ETFs from XTF Capital will be based on Morningstar indexes Toronto Star | Morningstar | Rudy Luukko
30 Jan 2012 XTF Insight: Understanding the basics of ETF liquidity Financial Post | Postmedia for XTF
20 Jan 2012 ETF firms take aim at advisors Investment Executive | Megan Harman

Documents

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 National Bank Québec Index ETF please click here