FMP
BMO Short Corporate Bond Index ETF
ZCS.TO
TSX
The fund invests in CAD-denominated corporate bonds issued in Canada. The corporate sector is divided into sub-sectors: financial, communication, industrial, energy, infrastructure, real estate and securitization. The fund tracks a market-value-weighted index of investment grade bonds with maturities between 0-5 years. The index is usually rebalanced daily and holds semi-annual pay fixed rate bonds with credit rating of BBB or higher. ZCS aims to hold securities in parallel proportions as they are reflected in the index. The Manager may also use a sampling methodology, which uses quantitative analysis to select bonds that resemble index constituents in terms of key risk factors, performance attributes, industry weightings, market capitalization and other appropriate financial characteristics. Sibling fund ZCB provides the same exposure with but maturities greater than one year, ZCM and ZLC caters to longer-dated bonds with 5-10 years and 10 years or more remaining to maturity.
13.39 CAD
0.01 (0.07468%)
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)
