The fund seeks to provide daily liquidity and monthly distributions, while preserving capital. In order to pursue its objectives the fund will invest in Canadian dollar-denominated high-quality short-term debt securities such as treasury bills, bankers acceptances, commercial paper and promissory notes guaranteed by the Canadian government, chartered banks, trust companies or Canadian corporations. Securities selected must have a term to maturity of 365 days or less. The fund may lend securities and enter into repurchase or reverse purchase agreements to generate additional income. Regarding shares held in a non-registered account, distributions are included in the investors taxable income.