Question 1

What is MCON?

Accepted Answer

MCON — Mackenzie Conservative Allocation ETF — is a Canadian-listed ETF trading on the TSX. NA

Question 2

What is the MCON ETF price today?

Accepted Answer

MCON last traded at $25.07 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the MCON MER (management expense ratio)?

Accepted Answer

MCON has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, MCON is considered a low-cost ETF.

Question 4

What are MCON annualised returns?

Accepted Answer

MCON historical returns: YTD: +5.12%, 1-year: +13.69%, 3-year annualised: +11.31%, 5-year annualised: +6.01%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.21, which measures risk-adjusted return.

Question 5

Does MCON pay dividends or distributions?

Accepted Answer

Yes, MCON distributes income to unitholders. The current distribution yield is approximately 2.17%, paid quarterly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does MCON invest in?

Accepted Answer

MCON's top holdings include Mackenzie Canadian Aggregate Bond Index ETF (QBB, 34.1%), Mackenzie US Large Cap Equity Index ETF (QUU, 19.3%), Mackenzie U.S. Aggregate Bond Index ETF (CAD-Hedged) (QUB, 13.1%), Mackenzie Canadian Equity Index ETF (QCN, 11.8%), Mackenzie Developed ex-North America Aggregate Bond Index ETF (CAD-Hedged) (QDXB, 9.2%) — and 3 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Can FI Gbl Tgt Alloc NR CAD.

Question 7

What sectors does MCON invest in?

Accepted Answer

MCON's largest sector exposures are Technology (25.4%), Financial Services (20.1%), Industrials (10.9%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is MCON? (Assets under management)

Accepted Answer

MCON has approximately $39M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was MCON launched?

Accepted Answer

MCON was launched on September 29, 2020, giving it a 6-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy MCON in Canada?

Accepted Answer

MCON trades on the TSX under the ticker MCON. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is MCON?

Accepted Answer

MCON has a 1-year volatility of 5.74% and a beta of 1.23 (more volatile than the broad market). Its 3-year Sharpe ratio of 1.21 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-07-02	$25.07	$25.07	$25.07	$25.07	$25.07	1,100
2026-06-30	$25.16	$25.16	$25.16	$25.16	$25.16	1,502
2026-06-29	$25.04	$25.04	$25.04	$25.04	$25.04	100
2026-06-26	$25.01	$25.01	$25.01	$25.01	$25.01	0
2026-06-25	$25.00	$25.00	$25.00	$25.00	$25.00	240
2026-06-24	$24.98	$24.98	$24.97	$24.97	$24.97	500
2026-06-23	$25.02	$25.04	$25.02	$25.04	$25.04	6,511
2026-06-22	$25.11	$25.11	$25.10	$25.10	$25.10	4,264
2026-06-19	$25.36	$25.37	$25.32	$25.32	$25.32	1,000
2026-06-18	$25.29	$25.31	$25.28	$25.28	$25.28	5,000

#	Ticker	Name	Weight
1	QBB	Mackenzie Canadian Aggregate Bond Index ETF	34.05%
2	QUU	Mackenzie US Large Cap Equity Index ETF	19.28%
3	QUB	Mackenzie U.S. Aggregate Bond Index ETF (CAD-Hedged)	13.11%
4	QCN	Mackenzie Canadian Equity Index ETF	11.81%
5	QDXB	Mackenzie Developed ex-North America Aggregate Bond Index ETF (CAD-Hedged)	9.15%
6	QDX	Mackenzie International Equity Index ETF	8.02%
7	QEE	Mackenzie Emerging Markets Equity Index ETF	3.23%
8	QEBL	Mackenzie Emerging Markets Local Currency Bond Index ETF	1.15%

Sector	Weight
Technology	25.39%
Financial Services	20.10%
Industrials	10.91%
Basic Materials	7.67%
Energy	7.50%
Consumer Cyclicals	7.35%
Communication Services	6.75%
Healthcare	5.96%
Consumer Defensive	4.20%
Utilities	2.50%
Real Estate	1.65%

Mackenzie Conservative Allocation ETF (MCON : TSX)

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Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About Mackenzie Conservative Allocation ETF

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