FMP
Horizons CDN Select Universe Bond ETF
HBB.TO
TSX
The fund provides exposure to an index of investment-grade corporate and government bonds issued in Canada. Eligible securities must be CAD denominated, have an investment-grade credit rating, have an effective time to maturity of at least 12 months, and have an amount outstanding of not less than 100 million CAD for corporate bonds and 50 million CAD for government bonds. Constituents are market-value weighted and rebalanced on a monthly basis. The fund is designed for investors who are seeking low cost exposure to a diversified portfolio of corporate and sovereign debts in Canada.
46.19 CAD
0.29 (0.628%)
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)
