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 Apr 30, 2025

0% 100%
Equity Fixed Income

Asset mix

Fixed Income Breakdown
Commercial Paper63.7%
Bankers Acceptance27.4%
Provincial Bills7.2%
Treasury Bills1.7%
Bank Deposits0.1%
Top 10 Holdings
% Assets
King Street Funding Trust May 26, 2025 1.3%
Canadian Imperial Bank of Commerce 3.045% Mar 19, 2026 1.2%
Temperance Street Funding Trust Jul 28, 2025 1.1%
Banner Trust Jul 02, 2025 1.1%
Toronto-Dominion Bank Jun 17, 2025 1.1%
National Bank of Canada 2.882% Jul 24, 2025 1.1%
SURE Trust May 22, 2025 0.9%
Bank of Nova Scotia Apr 08, 2026 0.9%
Bank of Montreal Jun 05, 2025 0.9%
Rideau Trail Funding Trust Sep 02, 2025 0.8%
Total % of Top 10 Holdings 10.4%

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
0.24 0.75 1.70 4.10 4.15 2.55 1.69 1.71 Fund

Distribution ($)/unit

YTD* 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Total distributions 0.10 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.