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About CI Morningstar International Value Index ETF
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Inception date
Nov 13, 2014
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
CI Investments, Inc.
Distributor
First Asset Investment Management, Inc.
ISIN
CA12555N2023
The fund targets the most liquid stocks with attractive valuations. Securities of companies that are listed, incorporated, domiciled, and have their primary business in developed markets outside the US & Canada are scored and ranked based on five fundamental factors: 1) price to earnings ratio, 2) price to cash flow ratio, 3) price to book value, 4) price to sales ratio and 5) upward earnings estimate revisions. The fund also applies an additional liquidity screen and selects 200 equally-weighted securities. The index rebalances and reconstitutes quarterly. Overall, the funds international take on value may be a used as a core investment or as a complement to FXM and XXM which on the other hand focuses on Canadian and US value stocks, respectively. Prior to April 22, 2021, the fund name was CI First Asset Morningstar International Value 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
Utilities
Producer Manufacturing
Stocks99.93%
Finance18.61%
Utilities12.12%
Producer Manufacturing11.45%
Transportation7.34%
Process Industries6.88%
Retail Trade6.02%
Industrial Services5.08%
Non-Energy Minerals5.02%
Energy Minerals4.67%
Consumer Non-Durables3.98%
Distribution Services3.94%
Consumer Services3.50%
Consumer Durables2.99%
Electronic Technology2.59%
Communications2.55%
Technology Services1.09%
Health Technology0.96%
Commercial Services0.94%
Bonds, Cash & Other0.07%
Cash0.27%
Miscellaneous−0.20%
Stock breakdown by region
Europe50.34%
Asia47.56%
Middle East1.11%
North America0.53%
Oceania0.46%
Latin America0.00%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
VXM.B invests in stocks. The fund's major sectors are Finance, with 18.65% stocks, and Utilities, with 12.14% of the basket. The assets are mostly located in the Europe region.
VXM.B top holdings are Playtech PLC and FirstGroup plc, occupying 0.59% and 0.58% of the portfolio correspondingly.
VXM.B last dividends amounted to 0.46 CAD. The quarter before, the issuer paid 0.14 CAD in dividends, which shows a 69.48% increase.
VXM.B assets under management is 328.49 M CAD. It's risen 8.36% over the last month.
VXM.B fund flows account for −12.44 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, VXM.B pays dividends to its holders with the dividend yield of 2.85%. The last dividend (Jun 30, 2025) amounted to 0.46 CAD. The dividends are paid quarterly.
VXM.B shares are issued by CI Financial Corp. under the brand CI. The ETF was launched on Nov 13, 2014, and its management style is Passive.
VXM.B expense ratio is 0.88% meaning you'd have to pay 0.88% of your investment to help manage the fund.
VXM.B follows the Morningstar Developed Markets ex-North America Target Value Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
VXM.B invests in stocks.
VXM.B price has risen by 4.76% over the last month, and its yearly performance shows a 33.85% increase. See more dynamics on VXM.B price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.45% over the last month, showed a 12.33% increase in three-month performance and has increased by 39.79% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.45% over the last month, showed a 12.33% increase in three-month performance and has increased by 39.79% in a year.
VXM.B trades at a premium (0.23%) meaning the ETF is trading at a higher price than the calculated NAV.