Question 1

What is QCN?

Accepted Answer

QCN — Mackenzie Canadian Equity Index ETF — is a Canadian-listed ETF trading on the TSX. NA

Question 2

What is the QCN ETF price today?

Accepted Answer

QCN last traded at $213.41 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the QCN MER (management expense ratio)?

Accepted Answer

QCN 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%, QCN is considered a low-cost ETF.

Question 4

What are QCN annualised returns?

Accepted Answer

QCN historical returns: YTD: +9.74%, 1-year: +34.47%, 3-year annualised: +24.13%, 5-year annualised: +15.01%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.77, which measures risk-adjusted return.

Question 5

Does QCN pay dividends or distributions?

Accepted Answer

Yes, QCN distributes income to unitholders. The current distribution yield is approximately 1.97%, 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 QCN invest in?

Accepted Answer

QCN's top holdings include Royal Bank of Canada (RY, 7.4%), Toronto Dominion Bank (TD, 5.3%), Shopify Inc (SHOP, 3.9%), Enbridge Inc (ENB, 3.3%), Bank of Montreal (BMO, 3.2%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Canada GR CAD.

Question 7

What sectors does QCN invest in?

Accepted Answer

QCN's largest sector exposures are Financial Services (34.9%), Energy (17.8%), Basic Materials (16.7%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is QCN? (Assets under management)

Accepted Answer

QCN has approximately $5.52B 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 QCN launched?

Accepted Answer

QCN was launched on January 24, 2018, giving it a 8-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 QCN in Canada?

Accepted Answer

QCN trades on the TSX under the ticker QCN. 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 QCN?

Accepted Answer

QCN has a 1-year volatility of 10.57% and a beta of 0.99 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.77 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	$213.77	$213.77	$212.12	$213.41	$213.41	45,217
2026-06-30	$213.06	$213.24	$212.42	$212.81	$212.81	2,700
2026-06-29	$213.62	$213.62	$211.98	$212.50	$212.50	6,913
2026-06-26	$212.15	$214.19	$212.15	$213.37	$213.37	6,300
2026-06-25	$213.05	$213.44	$212.49	$212.56	$212.56	3,736
2026-06-24	$211.53	$212.25	$210.86	$211.79	$211.79	4,504
2026-06-23	$211.08	$213.33	$210.95	$213.02	$213.02	4,937
2026-06-22	$212.64	$213.82	$212.64	$213.43	$213.43	4,786
2026-06-19	$214.06	$214.40	$213.69	$214.07	$214.07	2,300
2026-06-18	$214.65	$214.65	$213.95	$214.24	$214.24	2,106

#	Ticker	Name	Weight
1	RY	Royal Bank of Canada	7.38%
2	TD	Toronto Dominion Bank	5.31%
3	SHOP	Shopify Inc	3.88%
4	ENB	Enbridge Inc	3.29%
5	BMO	Bank of Montreal	3.16%
6	CM	Canadian Imperial Bank Of Commerce	2.78%
7	BN	Brookfield Corporation	2.74%
8	BNS	Bank of Nova Scotia	2.72%
9	CNQ	Canadian Natural Resources Ltd	2.55%
10	AEM	Agnico Eagle Mines Limited	2.53%

Sector	Weight
Financial Services	34.92%
Energy	17.76%
Basic Materials	16.71%
Industrials	10.38%
Technology	7.12%
Consumer Cyclicals	3.72%
Consumer Defensive	3.04%
Utilities	2.68%
Communication Services	1.85%
Real Estate	1.60%
Healthcare	0.23%

Mackenzie Canadian Equity Index ETF (QCN : TSX)

CIBC Investor's Edge

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About Mackenzie Canadian Equity Index ETF

ETF Details

7 stocks to buy and hold forever

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Frequently Asked Questions — QCN