Horizons High Interest Savings ETF (TSX: CASH)
Canada
· Delayed Price · Currency is CAD | Assets | 4.74B |
| Expense Ratio | 0.11% |
| PE Ratio | n/a |
| Dividend (ttm) | 2.51 |
| Dividend Yield | 5.01% |
| Ex-Dividend Date | Jun 28, 2024 |
| Payout Frequency | Monthly |
| Payout Ratio | n/a |
| 1-Year Return | -0.02% |
| Volume | 341,377 |
| Open | 50.02 |
| Previous Close | 50.02 |
| Day's Range | n/a |
| 52-Week Low | 49.98 |
| 52-Week High | 50.22 |
| Beta | -0.00 |
| Holdings | 9 |
| Inception Date | Nov 2, 2021 |
About CASH
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.
Performance
CASH had a total return of 5.11% in the past year. Since the fund's inception, the average annual return has been 0.01%, including dividends.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 28, 2024 | 0.190 CAD | Jul 8, 2024 |
| May 31, 2024 | 0.200 CAD | Jun 7, 2024 |
| Apr 30, 2024 | 0.195 CAD | May 7, 2024 |
| Mar 28, 2024 | 0.195 CAD | Apr 5, 2024 |
| Feb 29, 2024 | 0.195 CAD | Mar 7, 2024 |
| Jan 31, 2024 | 0.215 CAD | Feb 7, 2024 |