Key stats
About PURPOSE USD CASH MGMT FD USD DENOMINTD ETF NON CUR HEDGED UNITS
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Inception date
Apr 27, 2023
The fund is an actively managed portfolio primarily consisting of high-quality debts maturing in one year or less. The fund aims for a high rate of income with capital preservation and maintained liquidity. The portfolio consists of USD-denominated fixed income instruments, including Canadian government and agency instruments, Canadian corporations, loan or trust companies, USD-denominated bank-sponsored asset-backed commercial paper. The fund may engage in securities lending and repurchase, including reverse repurchase transactions, to generate additional income. The fund is designed for investors looking for a liquid, short-term investment.
Classification
What's in the fund
Exposure type
Cash
Government
Corporate
Bonds, Cash & Other100.00%
Cash66.01%
Government23.10%
Corporate10.88%