PURPOSE INVESTMENTS INC. USD CASH MGMT FD USD DENOMINATED ETF NONPP

PURPOSE INVESTMENTS INC. USD CASH MGMT FD USD DENOMINATED ETF NON

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Key stats


Assets under management (AUM)
‪167.50 M‬USD
Fund flows (1Y)
‪115.15 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
−0.003%
Shares outstanding
‪1.68 M‬
Expense ratio

About PURPOSE INVESTMENTS INC. USD CASH MGMT FD USD DENOMINATED ETF NON


Issuer
Purpose Unlimited
Brand
Purpose
Inception date
Apr 27, 2023
Structure
Canadian Mutual Fund Corporation (ON)
Index tracked
No Underlying Index
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
Purpose Investments, Inc.
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


Asset Class
Fixed income
Category
Broad market, broad-based
Focus
Investment grade
Niche
Ultra-short term
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Corporate
Government
Stock breakdown by region
100%
Top 10 holdings
Symbol
Assets
Symbol
Assets
U
U.S. Dollar
43.57%
U
United States Treasury Bills 0.0% 08-JUL-2025
6.17%
U
United States Treasury Bills 0.0% 15-JUL-2025
5.04%
R
Rideau Trail Funding Trust 0.0% 07-JUL-2025
4.75%
U
United States Treasury Bills 0.0% 10-JUL-2025
4.44%
P
Prime Trust 0.0% 23-JUL-2025
3.66%
F
Fusion AA 0.0% 24-JUL-2025
3.23%
R
Ridge Trust 0.0% 08-JUL-2025
3.23%
R
Rideau Trail Funding Trust 0.0% 22-OCT-2025
2.56%
B
Banner Trust 0.0% 12-AUG-2025
2.15%
Top 10 weight78.79%
31 total holdings

No news here

Looks like there's nothing to report right now

Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
MNU.U trades at 100.03 USD today, its price has risen 0.01% in the past 24 hours. Track more dynamics on MNU.U price chart.
MNU.U net asset value is 100.01 today — it's risen 0.35% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
MNU.U assets under management is ‪167.50 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
MNU.U price has fallen by −0.01% over the last month, and its yearly performance shows a −0.01% decrease. See more dynamics on MNU.U price chart.
NAV returns, another gauge of an ETF dynamics, showed a 1.07% increase in three-month performance and has increased by 4.73% in a year.
MNU.U fund flows account for ‪159.31 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
MNU.U invests in bonds. See more details in our Analysis section.
No, MNU.U isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, MNU.U technical analysis shows the sell rating and its 1-week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating MNU.U shows the sell signal. See more of MNU.U technicals for a more comprehensive analysis.
No, MNU.U doesn't pay dividends to its holders.
MNU.U trades at a premium (0.00%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
MNU.U shares are issued by Purpose Unlimited
MNU.U follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 27, 2023.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.