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CI Global Asset Management
An International Developed equity index fund: 484 stocks, 40% Japan, hedged to Canadian dollars, for 0.6% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Broad equity exposure with a Industrials tilt. The portfolio is spread across many holdings, but Industrials is the largest sector at 32.4%. It tracks the Morningstar Developed Markets ex-North America Target Momentum Index.
Top holding: Kokusai Electric Corp 0.7% (broad) · Top sector: Industrials 32.4% (sector-tilted) · Top region: Japan 40.2% (global)
Industrials 32.4%·Financials 18.5%·Materials 14.0%·Consumer Discretionary 9.6%·Technology 7.6%·Other 4.3%·Other (locked) 13.6%
Japan 40.2%·Europe 25.1%·United States 22.5%·Canada 7.1%·Emerging Markets 3.0%·Other 2.1%
Look-through via underlying funds.
The management fee was 0.6% a year, or about $60 for every $10,000 held. Trading spreads are separate from this fee. This is the management fee as published by the provider; the total expense ratio can be slightly higher once fund operating costs are added.
Mostly foreign income
The full distribution tax character across 11 years, plus what you keep after tax in a TFSA, RRSP, or non-registered account, is on the Real Yield report card.
See the full tax breakdown →For information only, not tax advice. Tax treatment depends on your account type and personal circumstances; consult a qualified tax professional.
How durable the fund is, and what moved its price.
| Assets | $149M· net assets |
| Listed | 2014· 11 years of history |
| Leverage / overlay | None |
What moved the price
| Ticker | ZXM.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-hedged |
| Asset class | Equity |
| Structure | Physical (holds securities) |
| Theme | Broad Market |
| Geography | International Developed |
| Index tracked | Morningstar Developed Markets ex-North America Target Momentum Index |
| Provider | CI Global Asset Management |
| Mgmt fee | 0.60% |
Compare ZXM.TO→Backtest it→Rate your portfolio→Real Yield report card→
Prices as of last close · tax character year 2025.
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