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 $222.69 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: +14.51%, 1-year: +33.52%, 3-year annualised: +25.87%, 5-year annualised: +15.78%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.65, 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 1.96%, 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, 8.2%), Toronto Dominion Bank (TD, 5.8%), Shopify Inc (SHOP, 3.8%), Bank of Montreal (BMO, 3.5%), Enbridge Inc (ENB, 3.3%) — 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 (35.9%), Energy (17.5%), Basic Materials (16.0%). 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 $5.99B 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 10.84% and a beta of 1.00 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.65 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
2026-08-20	$222.00	$223.12	$221.74	$222.69	$222.69	4,228
2026-08-19	$224.39	$224.74	$222.52	$222.93	$222.93	4,335
2026-08-18	$223.82	$223.82	$222.62	$222.64	$222.64	2,023
2026-08-17	$224.52	$225.19	$224.47	$224.51	$224.51	4,082
2026-08-14	$224.86	$225.10	$224.30	$224.68	$224.68	5,184
2026-08-13	$224.27	$224.70	$223.56	$224.65	$224.65	5,993
2026-08-12	$223.72	$224.38	$223.68	$224.38	$224.38	4,374
2026-08-11	$223.48	$223.73	$223.03	$223.26	$223.26	3,845
2026-08-10	$222.28	$223.39	$222.28	$223.09	$223.09	6,874
2026-08-07	$222.19	$222.50	$221.77	$222.46	$222.46	5,794

#	Ticker	Name	Weight
1	RY	Royal Bank of Canada	8.17%
2	TD	Toronto Dominion Bank	5.79%
3	SHOP	Shopify Inc	3.82%
4	BMO	Bank of Montreal	3.53%
5	ENB	Enbridge Inc	3.34%
6	BNS	Bank of Nova Scotia	3.03%
7	CM	Canadian Imperial Bank Of Commerce	3.01%
8	BN	Brookfield Corporation	2.64%
9	CNQ	Canadian Natural Resources Ltd	2.28%
10	AEM	Agnico Eagle Mines Limited	2.20%

Sector	Weight
Financial Services	35.94%
Energy	17.52%
Basic Materials	16.04%
Industrials	10.45%
Technology	7.28%
Consumer Cyclicals	3.73%
Consumer Defensive	2.94%
Utilities	2.68%
Communication Services	1.63%
Real Estate	1.56%
Healthcare	0.23%

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CIBC Investor's Edge

Mackenzie Canadian Equity Index ETF (QCN : TSX)

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

Compare QCN

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Frequently Asked Questions — QCN