Wealth Awesome Rating: 88/100
This fixed income ETF has an MER of 0.11%. With lower than average fees, it’s a cost-effective option. Managing 4,750 million in assets, it’s widely trusted by investors. Suitable for those preferring stability with a low to medium risk tolerance.
The Wealth Awesome ETF rating is based on identifying ETFs that are popular and well used, while keeping costs low.
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CASH ETF Review
CASH seeks to maximize monthly income for unitholders while preserving capital and liquidity by investing primarily in high interest deposit accounts with Canadian banks. Some of its key features are:- Enhanced Savings Potential: CASH invests almost all of its assets in high-interest deposit accounts with one or more Canadian chartered banks which provide a higher interest rate than a traditional savings account.
- Daily Liquidity: CASH is an ETF so it can be purchased or sold anytime throughout the trading day. This is a key advantage versus other high-interest savings vehicles, which typically have minimum holding periods or investment amounts.
- Monthly Income: It is anticipated that CASH will make distributions to its Unitholders on a monthly basis.
What is CASH.TO?
CASH.TO efficiently manages your funds by identifying the highest-interest savings accounts and allocating your money to those High-Interest Savings Account (HISA) options. The earned interest is then returned to you, with the ETF deducting a small fee for its services. This approach simplifies the process of maintaining savings without the need to navigate various banks. By depositing your funds into CASH.TO, you receive monthly interest payments based on prevailing interest rates. The flexibility to withdraw your money at any time without incurring penalties adds to the convenience of this investment.How is CASH.TO Taxed?
The monthly payout from CASH.TO is categorized as interest income in non-registered accounts and is accordingly subject to taxation. When filing your taxes, this interest income is simply included as part of your overall income. Additionally, if you realize a profit from selling shares at a higher price than the purchase price, it results in a capital gain. Individuals are taxed on 50% of their capital gains, which doesn’t imply a direct 50% tax rate. To illustrate, if you have a $100 profit from capital gains, 50% of that amount is added to your income and taxed at your marginal rate.What is the Difference Between GIC and CASH.TO?
A GIC is characterized by a predetermined investment period. Upon the conclusion of this fixed term, the investor receives both the initial invested principal and the accrued interest based on the specified annual rate and term. In contrast, CASH.TO does not impose a set timeframe for holding the investment.CASH stock price and other stats
ETF Key Stats
Exchange: TSX
Assets Under Management: $4750MM
Expense Ratio: 0.11%
Price: $51.38 (Updated: 3/7/2024)
Horizons High Interest Savings ETF (CASH) Sector Breakdown
| Sector | Equity % | Relative to Category |
|---|---|---|
| Basic Materials | 0 | 0 |
| Consumer Cyclicals | 0 | 0 |
| Financial Services | 0 | 0 |
| Real Estate | 0 | 0 |
| Communication Services | 0 | 0 |
| Energy | 0 | 0 |
| Industrials | 0 | 0 |
| Technology | 0 | 0 |
| Consumer Defensive | 0 | 0 |
| Healthcare | 0 | 0 |
| Utilities | 0 | 0 |
Horizons High Interest Savings ETF (CASH) Sector Breakdown
| Sector | Equity % | Relative to Category |
|---|---|---|
| Basic Materials | 0 | 0 |
| Consumer Cyclicals | 0 | 0 |
| Financial Services | 0 | 0 |
| Real Estate | 0 | 0 |
| Communication Services | 0 | 0 |
| Energy | 0 | 0 |
| Industrials | 0 | 0 |
| Technology | 0 | 0 |
| Consumer Defensive | 0 | 0 |
| Healthcare | 0 | 0 |
| Utilities | 0 | 0 |
Horizons High Interest Savings ETF (CASH) Geographic Breakdown
| Region | Equity % | Relative to Category |
|---|---|---|
| North America | 0 | 0 |
| United Kingdom | 0 | 0 |
| Europe Developed | 0 | 0 |
| Europe Emerging | 0 | 0 |
| Africa/Middle East | 0 | 0 |
| Japan | 0 | 0 |
| Australasia | 0 | 0 |
| Asia Developed | 0 | 0 |
| Asia Emerging | 0 | 0 |
| Latin America | 0 | 0 |
CASH Management Expense Ratio
CASH has a management expense ratio of 0.11% . The MER is significantly lower than what you can get with a mutual fund product offered by large banks.CASH Comparisons
Horizons High Interest Savings ETF (CASH) vs Purpose High Interest Savings (PSA)-
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- Purpose High Interest Savings is better performing (0.86% YTD vs 0.86%). CASH is less expensive (0.11% vs 0.12% MER).
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- iShares Premium Money Market ETF is better performing (0.91% YTD vs 0.86%). CASH is less expensive (0.11% vs 0.14% MER).
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- BMO Ultra Short-Term Bond Fund is better performing (0.95% YTD vs 0.86%). CASH is less expensive (0.11% vs 0.17% MER).
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- CI High Interest Savings ETF is better performing (0.86% YTD vs 0.86%). CASH is less expensive (0.11% vs 0.16% MER).
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- CASH is better performing (0.86% YTD vs 0.77%). CASH is less expensive (0.11% vs 0.18% MER).
High Interest Savings ETF Comparisons
| ETF | Inception | MER | AUM | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| PSA | 2013-10-15 | 0.12%% | $260.0 | 5.19% | 2.93% | 2.32% | 1.79% |
| CASH | 2021-11-01 | 0.11%% | $4,750.0 | 5.16% | 0.00% | 0.00% | 0.00% |
| CMR | 2018-02-18 | 0.14%% | $793.0 | 4.92% | 2.44% | 1.81% | 1.28% |
| ZST | 2011-01-27 | 0.17%% | $1,200.0 | 5.37% | 2.56% | 2.26% | 1.90% |
| CSAV | 2019-06-19 | 0.16%% | $8,100.0 | 5.07% | 2.87% | 0.00% | 0.00% |
| FHIS | 2011-09-11 | 0.18%% | $129.0 | 5.51% | 0.00% | 0.00% | 0.00% |
How to Buy Horizons High Interest Savings ETF TSX ETF
You can buy CASH on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:| Image | Product Title | Features | Price |
|---|---|---|---|
Editor's Choice  |
| Get $25 Signup Bonus | |
Reliable Pick  |
| Get $50 Free Stock Trades |
Investors may rest easy knowing that CASH will always be a stable and resilient location to keep their cash holdings. Its performance has been consistent, providing minimal volatility with rates that generally exceed those of standard savings accounts.
Agreed, the low MER makes it very attractive as well.