FMP
TSX
The fund provides exposure to long term bonds in the Canadian provincial sector, which includes Canadian provinces and provincial or territorial corporations, incorporated under their respective jurisdiction. The index holds CAD-denominated bonds with 10 years or more until maturity. These securities are generally guaranteed by the Canadian Provincial Governments and its agencies and have a credit rating of BBB or higher. The index undergoes daily rebalance. The fund aims to hold fixed income securities in the same proportions as they are reflected in the index. The Manager may also opt to use a sampling strategy, which uses quant 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 ZMP provides the same exposure but with maturities of 5-10 years while ZPS caters to maturities of five years or less.
12.79 CAD
-0.03 (-0.235%)
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)