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%)
EBIT (Operating profit)(Operating income)(Operating earning) = GROSS MARGIN (REVENUE - COGS) - OPERATING EXPENSES (R&D, RENT) EBIT = (1*) (2*) -> operating process (leverage -> interest -> EBT -> tax -> net Income) EBITDA = GROSS MARGIN (REVENUE - COGS) - OPERATING EXPENSES (R&D, RENT) + Depreciation + amortization EBITA = (1*) (2*) (3*) (4*) company's CURRENT operating profitability (i.e., how much profit it makes with its present assets and its operations on the products it produces and sells, as well as providing a proxy for cash flow) -> performance of a company (1*) discounting the effects of interest payments from different forms of financing (by ignoring interest payments), (2*) political jurisdictions (by ignoring tax), collections of assets (by ignoring depreciation of assets), and different takeover histories (by ignoring amortization often stemming from goodwill) (3*) collections of assets (by ignoring depreciation of assets) (4*) different takeover histories (by ignoring amortization often stemming from goodwill)
