Key stats
About CI MORNINGSTAR CDA MOMENTUM IDX ETF COMMON UNITS
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Inception date
Feb 13, 2012
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.
The fund employs a multifactor take on the Canadian equity market by combining technical price momentum indicators with upward earnings estimate revisions. Starting with the companies that are listed, incorporated, domiciled, and have their primary business in Canada, the fund initially narrows down the selection through a liquidity screen which leaves the top third of the universe. Remaining securities are then scored and ranked based on: i) return on equity (20%), ii) 3-, 9- and 12-month price momentum (40%), iii) 90-day fiscal earnings estimate revision (30%), and iv) last quarterly earnings (10%). The fund holds a concentrated portfolio of 30 equally-weighted securities. The index rebalances and reconstitutes quarterly. Prior to April 22, 2021, the fund name was CI First Asset Morningstar Canada Momentum 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
Non-Energy Minerals
Utilities
Industrial Services
Stocks99.70%
Finance23.42%
Non-Energy Minerals15.55%
Utilities14.08%
Industrial Services13.54%
Technology Services9.88%
Retail Trade6.77%
Electronic Technology3.59%
Consumer Non-Durables3.37%
Energy Minerals3.27%
Commercial Services3.17%
Transportation3.06%
Bonds, Cash & Other0.30%
Cash0.30%
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
WXM invests in stocks. The fund's major sectors are Finance, with 23.42% stocks, and Non-Energy Minerals, with 15.55% of the basket. The assets are mostly located in the North America region.
WXM top holdings are TransAlta Corporation and Capital Power Corporation, occupying 3.75% and 3.61% of the portfolio correspondingly.
WXM last dividends amounted to 0.10 CAD. The quarter before, the issuer paid 0.14 CAD in dividends, which shows a 40.63% decrease.
WXM assets under management is 587.63 M CAD. It's risen 6.12% over the last month.
WXM fund flows account for −124.33 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, WXM pays dividends to its holders with the dividend yield of 1.26%. The last dividend (Mar 31, 2025) amounted to 0.10 CAD. The dividends are paid quarterly.
WXM shares are issued by CI Financial Corp. under the brand CI. The ETF was launched on Feb 13, 2012, and its management style is Passive.
WXM expense ratio is 0.74% meaning you'd have to pay 0.74% of your investment to help manage the fund.
WXM follows the Morningstar Canada Target Momentum Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
WXM invests in stocks.
WXM price has risen by 8.36% over the last month, and its yearly performance shows a 33.66% increase. See more dynamics on WXM price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 7.46% over the last month, showed a 7.73% increase in three-month performance and has increased by 35.74% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 7.46% over the last month, showed a 7.73% increase in three-month performance and has increased by 35.74% in a year.
WXM trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.