FMP
Horizons High Interest Savings ETF
CASH.TO
TSX
The fund actively manages a portfolio of high-interest deposit accounts with Canadian chartered banks, which offer a higher interest rate than a traditional savings account. This enables the fund to provide daily liquidity for cash holdings while displaying a competitive interest rate compared to other similar savings vehicles. In seeking to maximize monthly income while preserving capital, the fund may also invest in short-term debt securities, as well as Treasurys and promissory notes issued by the government of Canada and its agencies. Although the fund primarily invests in bank deposit accounts, note that it is not covered by the CDIC or any other government deposit insurer, posing a risk to unitholders. The fund will not engage in securities lending and aims to make distributions on a monthly basis.
50.05 CAD
0.03 (0.05994%)
DuPont Analysis
The DuPont analysis, pioneered by the DuPont Corporation, offers a structured approach to assessing fundamental performance. It involves breaking down the return on equity (ROE) into various components, aiding investors in comprehending the factors influencing a company's returns.
ROE = Net Income / Average Total Equity
ROE = (Net Income / Sales) * (Revenue / Average Total Assets) * (Average Total Assets / Average Total Equity)
The company's tax burden is (Net income ÷ Pretax profit). This is the proportion of the company's profits retained after paying income taxes. [NI/EBT] The company's interest burden is (Pretax income ÷ EBIT). This will be 1.00 for a firm with no debt or financial leverage. [EBT/EBIT] The company's operating income margin or return on sales (ROS) is (EBIT ÷ Revenue). This is the operating income per dollar of sales. [EBIT/Revenue] The company's asset turnover (ATO) is (Revenue ÷ Average Total Assets). The company's equity multiplier is (Average Total Assets ÷ Average Total Equity). This is a measure of financial leverage. Profitability (measured by profit margin) Asset efficiency (measured by asset turnover) Financial leverage (measured by equity multiplier)
