Key stats
About PURPOSE CASH MANAGEMENT FUND UNIT
Expense ratio
0.47%
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Inception date
Sep 14, 2022
The fund is an actively managed portfolio primarily consisting of high-quality corporate debt instruments, known to be maturing in one year or less. In seeking a high rate of income with capital preservation and maintained liquidity, the fund may also hold, to a lesser degree, other short-term debt obligations of, or guaranteed by, the Canadian governments or their agencies, treasury bills or other short-term debt obligations. Investing in bank-sponsored, asset-backed commercial paper also enables the fund to enhance its yield while maintaining credit quality. It 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. Prior to August 23, 2022, the fund traded under the name Purpose Cash Management Portfolio.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash81.60%
Corporate9.34%
Government8.81%
Miscellaneous0.25%