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About CI MORNINGSTAR CDA VALUE INDEX COMMON UNITS
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Inception date
Feb 13, 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.
The fund targets the most liquid Canadian stocks with attractive valuations. 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 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 typically 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 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
Energy Minerals
Utilities
Non-Energy Minerals
Stocks99.63%
Finance19.97%
Energy Minerals14.23%
Utilities13.79%
Non-Energy Minerals12.13%
Retail Trade6.83%
Distribution Services6.60%
Communications6.42%
Producer Manufacturing6.34%
Process Industries3.68%
Industrial Services3.37%
Technology Services3.23%
Transportation3.04%
Bonds, Cash & Other0.37%
Cash0.37%
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
FXM invests in stocks. The fund's major sectors are Finance, with 19.97% stocks, and Energy Minerals, with 14.23% of the basket. The assets are mostly located in the North America region.
FXM top holdings are Parex Resources Inc. and Methanex Corporation, occupying 3.76% and 3.68% of the portfolio correspondingly.
FXM last dividends amounted to 0.23 CAD. The quarter before, the issuer paid 0.13 CAD in dividends, which shows a 43.02% increase.
FXM assets under management is 300.98 M CAD. It's risen 0.45% over the last month.
FXM fund flows account for −70.27 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, FXM pays dividends to its holders with the dividend yield of 2.41%. The last dividend (Jun 30, 2025) amounted to 0.23 CAD. The dividends are paid quarterly.
FXM 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.
FXM expense ratio is 0.76% meaning you'd have to pay 0.76% of your investment to help manage the fund.
FXM follows the Morningstar Canada Target Value Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FXM invests in stocks.
FXM price has risen by 3.12% over the last month, and its yearly performance shows a 28.53% increase. See more dynamics on FXM price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 6.04% over the last month, showed a 10.78% increase in three-month performance and has increased by 33.17% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 6.04% over the last month, showed a 10.78% increase in three-month performance and has increased by 33.17% in a year.
FXM trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.