Key stats
About PURPOSE INVESTMENTS INC. US CASH FD UNIT
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Inception date
Feb 23, 2016
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
Purpose Investments, Inc.
Distributor
Purpose Investments, Inc.
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
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%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PSU.U assets under management is 782.23 M USD. It's fallen 5.17% over the last month.
PSU.U fund flows account for 359.68 M USD (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.
No, PSU.U doesn't pay dividends to its holders.
PSU.U shares are issued by Purpose Unlimited under the brand Purpose. The ETF was launched on Feb 23, 2016, and its management style is Active.
PSU.U expense ratio is 0.17% meaning you'd have to pay 0.17% of your investment to help manage the fund.
PSU.U follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PSU.U invests in cash.
PSU.U price has risen by 0.01% over the last month, and its yearly performance shows a −0.05% decrease. See more dynamics on PSU.U price chart.
NAV returns, another gauge of an ETF dynamics, showed a 1.19% increase in three-month performance and has increased by 4.66% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 1.19% increase in three-month performance and has increased by 4.66% in a year.
PSU.U trades at a premium (0.00%) meaning the ETF is trading at a higher price than the calculated NAV.