Key stats
About HORIZONS HIGH INT SVGS ETF UNIT CL A
Expense ratio
0.11%
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Inception date
Nov 2, 2021
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.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%