MORE.TO
Mackenzie Core Resources ETF
Canadian
EQUITY
Active
MANAGEMENT STYLE
$ 77.0 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Inception date | Sep 10, 2024 |
| Regulation | |
| Fund Website | link... |
| Distributions | |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CENOVUS ENERGY INC | 6.8 % |
| CANADIAN NATURAL RESOURCES | 5.3 % |
| TRANSCANADA CORP | 5.0 % |
| BARRICK MINING CORP | 4.9 % |
| AGNICO-EAGLE MINES LTD | 3.8 % |
| TOTAL SA | 3.4 % |
| ENBRIDGE INC | 3.0 % |
| METHANEX CORP | 2.6 % |
| TOURMALINE OIL CORP | 2.5 % |
| NUTRIEN LTD. | 2.4 % |
Constituent Breakdown
| Number of holdings | 97 |
| Herfindahl-Hirschman Index | 249 |
| Wgt avg mkt cap (mns) | $30,714 |
| Large cap (>$10bn) | 53.6% |
| Mid cap ($2-10bn) | 18.0% |
| Small cap (<$2bn) | 10.0% |
| Developed mkts. | 86.1% |
| Emerging mkts. | 0.6% |
Sector Breakdown
Country Exposure
 |
CANADA | 68.3 % |
 |
UNITED STATES | 10.4 % |
 |
FRANCE | 3.4 % |
 |
BRITAIN | 2.0 % |
 |
AUSTRALIA | 0.8 % |
 |
BRAZIL | 0.6 % |
 |
NORWAY | 0.6 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 20.9% | 62.6% | -- | -- | -- | -- | -- | 44.7% |
| Dividend Yield | 0.0% | 5.9% | -- | -- | -- | -- | -- | 3.3% |
| Total Returns | 20.9% | 68.5% | -- | -- | -- | -- | -- | 48.0% | Ann. Volatility | 22.3% | 18.7% | -- | -- | -- | -- | -- | 18.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.48 | 9% |
| MSCI EAFE | 0.45 | 13% |
| MSCI Emg Mkts | 0.35 | 13% |
Liquidity Measures
| Avg. volume (000) | 10 |
| ADV traded (mns) | $0 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $37.62 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 0.18/0.27 |
| Bollinger Bands (Upper/Lower) | $39.01/$36.67 |
| Short interest (% of AUM) | 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. MORE.TO |
Expenses vs. MORE.TO |
ALTAR Score™ vs. MORE.TO |
|---|---|---|---|---|
| ZEO.TO | BMO Equal Weight Oil & Gas Index ETF | 29.1% | -20 bp | -0.7% |
| NRGY.TO | Global X Equal Weight Canadian Oil & Gas Index ETF | 29.1% | -35 bp | -0.5% |
| MCLC.TO | Manulife Multifactor Canadian Large Cap Index ETF | 27.8% | -40 bp | -0.7% |
| PXC.TO | Invesco RAFI Canadian Index ETF | 27.4% | -30 bp | -0.2% |
| CACE.TO | Avantis CIBC Canadian Equity ETF | 26.7% | -56 bp | -0.8% |
| FCCV.TO | Fidelity Canadian Value ETF | 26.5% | -40 bp | -0.3% |
| ZDV.TO | BMO Canadian Dividend ETF | 25.8% | -40 bp | -1.0% |
| FCCD.TO | Fidelity Canadian High Dividend ETF | 25.8% | -40 bp | -0.1% |
| XEN.TO | iShares Jantzi Social Index ETF | 24.2% | -20 bp | -1.7% |
| HPF.TO | Harvest Energy Leaders Income ETF | 24.1% | +10 bp | +2.1% |
Risk and Returns: MORE.TO 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 (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 6/4/2026
Peer Group Comparison
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ETF Research Center Rating
6.6%
ALTAR SCORE™
67th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 104 funds in the Canadian Equity category with an average
ALTAR Score™ of 5.9% and a standard deviation
of 1.4%. MORE.TO's ALTAR Score™ is approximately 0.4 standard
deviations above the category average. This places MORE.TO in the 67th percentile
among funds in the category.
Sell-Side Consensus
$39.72
PRICE TARGET
+2.5%
UPSIDE