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About CI Morningstar National Bank Quebec Index ETF
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Inception date
Feb 2, 2012
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Eligible dividends
Income tax type
Capital Gains
Primary advisor
CI Investments, Inc.
ISIN
CA1255021042
The fund is one of the few ETFs that invest in securities of companies incorporated in Canada, specifically those that are headquartered in the province of Qubec. Constituents must be listed on the Toronto Stock Exchange for at least a year to be eligible for inclusion. The selection process also includes a minimum market capitalization of $ 150 million and a share price of at least $ 1, as well as liquidity metric that focuses on a stocks trading volume and non-trading days. Holdings are weighted by market-cap, with each individual security capped at 5% weight. The index rebalances and reconstitutes semi-annually during April and October. Prior to April 22, 2021, the fund name was CI First Asset Morningstar National Bank Quebec Index ETF.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Retail Trade
Transportation
Industrial Services
Stocks99.72%
Finance15.80%
Retail Trade14.40%
Transportation11.78%
Industrial Services11.25%
Consumer Non-Durables7.90%
Communications7.52%
Non-Energy Minerals6.67%
Technology Services5.55%
Commercial Services5.50%
Electronic Technology4.35%
Utilities2.49%
Consumer Services2.23%
Producer Manufacturing1.91%
Health Technology1.54%
Consumer Durables0.52%
Process Industries0.30%
Bonds, Cash & Other0.28%
Cash0.28%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
QXM invests in stocks. The fund's major sectors are Finance, with 15.80% stocks, and Retail Trade, with 14.40% of the basket. The assets are mostly located in the North America region.
QXM top holdings are Atkinsrealis Group Inc. and Dollarama Inc., occupying 6.13% and 5.44% of the portfolio correspondingly.
QXM last dividends amounted to 0.15 CAD. The quarter before, the issuer paid 0.09 CAD in dividends, which shows a 40.74% increase.
QXM assets under management is 81.20 M CAD. It's risen 2.58% over the last month.
QXM fund flows account for −6.12 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, QXM pays dividends to its holders with the dividend yield of 1.30%. The last dividend (Jun 30, 2025) amounted to 0.15 CAD. The dividends are paid quarterly.
QXM shares are issued by CI Financial Corp. under the brand CI First Asset. The ETF was launched on Feb 2, 2012, and its management style is Passive.
QXM expense ratio is 0.59% meaning you'd have to pay 0.59% of your investment to help manage the fund.
QXM follows the Morningstar National Bank Qubec Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
QXM invests in stocks.
QXM price has risen by 3.06% over the last month, and its yearly performance shows a 18.69% increase. See more dynamics on QXM price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.94% over the last month, showed a 9.39% increase in three-month performance and has increased by 20.70% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.94% over the last month, showed a 9.39% increase in three-month performance and has increased by 20.70% in a year.
QXM trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.