Investment objective

To provide current income and liquidity consistent with short-term money market rates and to preserve the value of your investment. The fund invests primarily in high-quality, short-term (one year or less) debt securities, including treasury bills and promissory notes issued or guaranteed by Canadian governments or their agencies, bankers acceptances, asset-backed commercial paper and commercial paper issued by Canadian chartered banks, loan companies, trust companies and corporations.

  • Fund Category Money Market Funds
  • Inception Date Jul 22, 2002
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Fund details

Series
Currency
Fund code
MER * (%)
F CAD 35000 0.24%

Portfolio analysis As of Oct 31, 2025

0% 100%
Equity Fixed Income

Asset mix

Fixed Income Breakdown
Commercial Paper63.1%
Bankers Acceptance29.7%
Provincial Bills6.0%
Treasury Bills1.0%
Bank Deposits0.3%
Top 10 Holdings
% Assets
King Street Funding Trust Nov 25, 2025 1.9%
Toronto-Dominion Bank 2.801% Jul 21, 2026 1.5%
National Bank of Canada 2.646% Jan 26, 2026 1.3%
SURE Trust Nov 25, 2025 1.3%
Canadian Imperial Bank of Commerce 2.827% Mar 19, 2026 1.2%
Toronto-Dominion Bank Dec 16, 2025 1.2%
STABLE Trust Nov 24, 2025 1.1%
Temperance Street Funding Trust Jan 22, 2026 1.1%
Banner Trust Jan 06, 2026 1.1%
Safe Trust Nov 24, 2025 1.1%
Total % of Top 10 Holdings 12.8%

Geographic allocation

Region

Performance analysis

Growth of $10,000 since inception

Calendar returns

Trailing return

1 Mth 3 Mth 6 Mth 1 year 3 years 5 years 10 years Since Inception
0.20 0.63 1.31 2.94 4.20 2.84 1.83 1.74 Fund

Distribution ($)/unit

YTD* 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Total distributions 0.26 0.47 0.48 0.18 0.01 0.06 0.14 0.12 0.05 0.04 0.04
Interest --- 0.47 0.48 0.18 0.01 0.06 0.14 0.12 0.05 0.04 0.04
Canadian dividends --- --- --- --- --- --- --- --- --- --- ---
Foreign dividends --- --- --- --- --- --- --- --- --- --- ---
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* MER (%) is based on actual expenses for the preceding calendar year or most recent half-year period ended June 30 expressed on an annualized basis, depending on availability of date at the time of publication.