Key stats
About PURPOSE US CASH FD COM NPV
Expense ratio
0.17%
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Inception date
Feb 23, 2016
The fund is an actively managed portfolio that aims to maximize monthly income while preserving capital and liquidity. In achieving this goal, the fund primarily invests in high interest deposit accounts with one or more Canadian chartered banks and/or Canadian Credit Unions. In addition, the fund also invests in short-term debt securities (generally one year or less). Such securities are: (1) treasury bills and promissory notes issued/guaranteed by foreign or Canadian governments, (2) bankers acceptances, (3) asset-backed commercial paper, and commercial paper issued by foreign or Canadian chartered banks, and loan and trust companies, and (4) Canadian money market funds. The fund may also enter into securities lending transactions for additional income.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
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