QCN-CA
Mackenzie Canadian Equity Index ETF
Mackenzie Canadian Equity Index ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Canada Broad Market Index, or any successor thereto. It invests primarily in Canadian equity securitie
Canadian
EQUITY
Passive
MANAGEMENT STYLE
$1.6 B
ASSETS UNDER MGMT
5 bp
EXPENSES
Fund Basics
| Fund sponsor | Power Corporation of Canada |
| Category | Canadian |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 24, 2018 |
| Assets (mns) | $1,570 |
| Expense ratio | 5 bp |
| Currency | CAD |
Sector Breakdown
Fund Structure
| Regulation | Canadian Mutual Fund Trust (ON) |
| Distributions | Quarterly |
| Taxation | |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ROYAL BANK OF CANADA | 6.4 % |
| TORONTO-DOMINION BANK | 4.2 % |
| SHOPIFY, INC. CLASS A | 3.4 % |
| ENBRIDGE INC | 3.2 % |
| CANADIAN PACIFIC KANSAS CITY LTD | 3.2 % |
| CANADIAN NATURAL RESOURCES | 3.1 % |
| CANADIAN NATL RAILWAY CO | 3.1 % |
| BROOKFIELD CORP | 2.8 % |
| BANK OF MONTREAL | 2.7 % |
| BANK OF NOVA SCOTIA | 2.5 % |
Constituent Breakdown
| Number of holdings | 272 |
| Herfindahl-Hirschman Index | 190 |
| Wgt avg mkt cap (mns) | $52,598 |
| Large cap (>$10bn) | 82.2% |
| Mid cap ($2-10bn) | 13.7% |
| Small cap (<$2bn) | 4.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
CANADA | 96.9 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 19.4% | 22.4% | 12.6% | 8.2% | 10.9% | -- | 9.6% | Volatility | 15.1% | 15.4% | 14.7% | 14.5% | 16.5% | 15.8% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.62 | 68% |
| MSCI EAFE | 0.61 | 66% |
| MSCI Emg Mkts | 0.45 | 34% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $6,848 |
Technical Indicators
| Recent close | $150.39 |
| 30d moving avg. | $155.36 |
| Annualized volatility | 13.1% |
| Relative strength (RSI) | 64 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. QCN-CA |
Expenses vs. QCN-CA |
ALTAR Score™ vs. QCN-CA |
|---|---|---|---|---|
| ZCN-CA | BMO S&P/TSX Capped Composite Index ETF | 95.0% | +1 bp | -0.1% |
| XIC-CA | iShares Core S&P/TSX Capped Composite Index ETF | 95.0% | +1 bp | -0.1% |
| TTP-CA | TD Canadian Equity Index ETF | 93.8% | +1 bp | -0.2% |
| VCN-CA | Vanguard FTSE Canada All Cap Index ETF | 90.8% | 0 bp | -0.2% |
| XIU-CA | iShares S&P/TSX 60 Index ETF | 78.2% | +13 bp | -0.2% |
| VCE-CA | Vanguard FTSE Canada Index ETF | 73.9% | +1 bp | -0.3% |
| XESG-CA | iShares ESG Aware MSCI Canada Index ETF | 68.5% | +12 bp | -0.4% |
| XCSR-CA | iShares ESG Advanced MSCI Canada Index ETF | 53.1% | +13 bp | -0.5% |
| XEI-CA | iShares S&P/TSX Composite High Dividend Index ETF | 42.5% | +19 bp | +1.5% |
| CDZ-CA | iShares S&P/TSX Canadian Dividend Aristocrats Index ETF | 41.5% | +64 bp | +1.3% |
Risk and Returns: QCN-CA vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
QCN-CA
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
QCN-CA
6.9%
Cat. Avg
7.4%
ALTAR Score™ Calculation
Category Overview
There are 19 funds in the Canadian Equity category, with an average ALTAR Score™
of 7.4% and a standard deviation of
1.6%. QCN-CA's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places QCN-CA in the 37th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
QCN-CASELL
U/W
HOLD
O/W
BUY