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 $217.75 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: +11.97%, 1-year: +24.57%, 3-year annualised: +24.22%, 5-year annualised: +14.77%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.82, 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 1.90%, 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 $6.15B 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 10.52% and a beta of 1.00 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.82 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
2026-09-10	$218.40	$219.01	$217.32	$217.75	$217.75	7,083
2026-09-09	$222.00	$222.04	$220.14	$220.20	$220.20	10,556
2026-09-08	$222.93	$223.05	$221.40	$221.43	$221.43	9,309
2026-09-04	$223.25	$224.61	$223.25	$223.82	$223.82	3,000
2026-09-03	$222.55	$224.69	$222.55	$224.40	$224.40	15,083
2026-09-02	$221.03	$221.36	$220.15	$221.35	$221.35	18,249
2026-09-01	$220.74	$220.74	$219.33	$219.55	$219.55	6,106
2026-08-31	$223.47	$223.47	$221.61	$222.36	$222.36	15,091
2026-08-28	$225.88	$225.88	$223.30	$223.87	$223.87	4,189
2026-08-27	$225.38	$225.66	$224.71	$225.65	$225.65	4,014

#	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%

Ticker	Name	Price	1D
OILU		$65.56	+11.27%
HOU	BetaPro Crude Oil Daily Bull ETF	$29.03	+11.14%
SLVD	BetaPro Silver -2x Daily Bear ETF	$31.94	+10.98%
CGMD		$5.11	+10.61%
SOXD		$15.41	+7.69%
AAPU		$43.36	+7.33%
MSTZ		$3.24	+7.28%
GASD		$5.46	+6.64%

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