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Compare Franklin Conservative Income ETF Portfolio ETF (CNV) vs Manulife Conservative ETF Portfolio (MCAP) to find the best fit for your portfolio. CNV provides Finance, Sovereign, and Technology exposures, while MCAP is primarily weighted in Finance, Sovereign, and Energy. When evaluating costs, CNV features a management fee (MER) of 0.13%, compared to 0.35% for MCAP. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
CNV
MCAP
| AuM | $29.78 M | $27.10 M |
| Management Fees | 0.13% | 0.35% |
| Exp. ratio | 0.21% | 0.35% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 22, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CNV | -0.85% | -0.21% | +3.72% | +4.05% | - |
MCAP | -1.06% | -0.74% | - | - | - | |
| Flows | CNV | +$0 M | +$1 M | +$2 M | +$3 M | - |
MCAP | +$3 M | +$12 M | - | - | - |
CNV vs MCAP exposure
Countries
CNV
Canada
32.35%
USA
29.51%
Other
21.61%
Other
16.52%
MCAP
Canada
37.93%
Other
20.73%
USA
18.44%
Other
22.90%
Sectors
CNV
Other
21.61%
Finance
19.54%
Sovereign
10.99%
Technology
8.99%
Other
38.88%
MCAP
Finance
24.15%
Other
20.74%
Sovereign
9.96%
Energy
8.12%
Technology
7.52%
Other
29.52%
As of October 22, 2026
Top 10 Holdings
CNV
CA35247P1036
12.17%
US35473P5465
2.00%
USA, Notes 4.375% 15may2036, USD (C-2036)
1.48%
NVIDIA Corp.
1.05%
Apple, Inc.
0.96%
Microsoft Corp.
0.77%
France, OAT 0.75% 25nov2028, EUR
0.72%
Poland, Bonds 5% 25oct2034, PLN (DS1034)
0.62%
Royal Bank of Canada
0.58%
Mexico, Udibonos 4% 30nov2028, UDI
0.56%
MCAP
CA56501D1078
10.85%
CA56504C1068
4.99%
CA56503H1064
3.17%
NVIDIA Corp.
0.87%
Microsoft Corp.
0.65%
Apple, Inc.
0.52%
Royal Bank of Canada, 4.829% 8aug2034, CAD (28)
0.46%
The Toronto-Dominion Bank
0.46%
Hyundai Capital Canada, 5.565% 8mar2028, CAD (C)
0.45%
Fortified Trust, 4.419% 23dec2027, CAD (A)
0.43%
Diversification
CNV
Total weight of top 10 holdings out of 3,578 total
20.90%
MCAP
Total weight of top 10 holdings out of 10,374 total
22.85%
Characteristics
Compare
CNV
MCAP
| Provider | Franklin Templeton | Manulife Investments |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Equity, Fixed Income | Equity, Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.02% | - |
| Meets ESG criteria | No | No |
| Inception Date | June 5, 2024 | April 28, 2026 |
Frequently asked questions about CNV and MCAP
Which ETF is larger by assets under management: CNV or MCAP?
As of October 22, 2026, CNV manages $29.78 M in assets, while MCAP manages $27.10 M. CNV is the larger fund by AUM.
How are CNV and MCAP managed?
CNV is actively managed by Franklin Templeton. It does not track an index. MCAP is actively managed by Manulife Investments. It does not track an index.
What sectors do CNV and MCAP emphasize?
CNV is most exposed to Finance, Sovereign, and Technology. MCAP is most exposed to Finance, Sovereign, and Energy.
How do the fees of CNV and MCAP compare?
CNV has an expense ratio of 0.21%, while MCAP has an expense ratio of 0.35%.
What are the top holdings of CNV and MCAP?
CNV's largest holdings include USA, Notes 4.375% 15may2036, USD (C-2036) and NVIDIA Corp.. MCAP's top holdings include NVIDIA Corp. and Microsoft Corp..
Which ETF is more diversified: CNV or MCAP?
CNV holds 3262 securities, while MCAP holds 10040. On holdings count, MCAP is the more diversified portfolio.
Recent articles about CNV and MCAP
Franklin Multi-Asset ETF Portfolios: Diversified Investing for Every Risk Tolerance
Rob Marrocco, Global Head of ETFs for Cboe Global Markets chats with Mike Greenberg, SVP and Global Head of Americas Portfolio Management for Franklin Templeton about the firm’s Multi-Asset ETF Portfolios, highlighting its variety and competitive edge.
Posted on 8/6/2024 by ETF Market Canada inETF Ecosystem
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