Key stats
About PREMIUM CASH MGMT FD UNHEDGED ETF UNITS
Expense ratio
0.07%
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Inception date
May 29, 2023
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
What's in the fund
Exposure type
Cash
Corporate
Bonds, Cash & Other100.00%
Cash74.84%
Corporate18.52%
Securitized3.91%
Government2.73%