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 $213.59 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: +9.83%, 1-year: +31.82%, 3-year annualised: +23.89%, 5-year annualised: +15.35%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.69, 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 1.98%, 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%), Basic Materials (17.0%), Energy (16.5%). 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 $5.73B 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 10.79% and a beta of 0.99 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.69 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
2026-07-20	$215.65	$215.65	$213.59	$213.59	$213.59	5,398
2026-07-17	$215.35	$215.85	$214.91	$215.52	$215.52	2,478
2026-07-16	$215.75	$216.00	$215.54	$215.98	$215.98	1,994
2026-07-15	$216.22	$216.73	$215.93	$216.35	$216.35	6,774
2026-07-14	$215.87	$216.88	$215.74	$215.95	$215.95	4,971
2026-07-13	$215.69	$215.96	$215.14	$215.35	$215.35	9,578
2026-07-10	$215.48	$215.81	$214.89	$215.80	$215.80	8,734
2026-07-09	$214.14	$215.44	$214.14	$214.96	$214.96	5,468
2026-07-08	$214.37	$214.37	$211.64	$213.42	$213.42	13,853
2026-07-07	$215.25	$215.57	$214.25	$215.32	$215.32	10,915

#	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	35.93%
Basic Materials	16.97%
Energy	16.45%
Industrials	10.65%
Technology	7.22%
Consumer Cyclicals	3.75%
Consumer Defensive	2.86%
Utilities	2.70%
Real Estate	1.63%
Communication Services	1.61%
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