Key stats
About PREMIUM CASH MGMT FD UNHEDGED ETF UNITS
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Inception date
May 29, 2023
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
Evolve Funds Group, Inc.
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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash98.30%
Government1.70%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MCAD last dividends amounted to 0.22 CAD. The month before, the issuer paid 0.23 CAD in dividends, which shows a 3.07% decrease.
MCAD assets under management is 72.65 M CAD. It's fallen 14.71% over the last month.
MCAD fund flows account for 12.50 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MCAD pays dividends to its holders with the dividend yield of 3.70%. The last dividend (Jul 8, 2025) amounted to 0.22 CAD. The dividends are paid monthly.
MCAD shares are issued by Evolve Funds Group, Inc. under the brand Evolve. The ETF was launched on May 29, 2023, and its management style is Active.
MCAD expense ratio is 0.07% meaning you'd have to pay 0.07% of your investment to help manage the fund.
MCAD follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MCAD invests in cash.
MCAD price has risen by 0.02% over the last month, and its yearly performance shows a −0.04% decrease. See more dynamics on MCAD price chart.
NAV returns, another gauge of an ETF dynamics, showed a 0.71% increase in three-month performance and has increased by 3.84% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 0.71% increase in three-month performance and has increased by 3.84% in a year.
MCAD trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.