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