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About Purpose USD Cash Management Fund ETF Trust Units
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Inception date
Apr 27, 2023
Structure
Canadian Mutual Fund Corporation (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
Purpose Investments, Inc.
ISIN
CA74642X1069
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Cash
Government
Bonds, Cash & Other100.00%
Corporate54.63%
Cash33.77%
Government11.60%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MNU.U invests in bonds. The fund's major sectors are Corporate, with 54.63% stocks, and Government, with 11.60% of the basket. The assets are mostly located in the N/A region.
MNU.U assets under management is 172.64 M USD. It's risen 4.54% over the last month.
MNU.U fund flows account for 139.79 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.
No, MNU.U doesn't pay dividends to its holders.
MNU.U shares are issued by Purpose Unlimited under the brand Purpose. The ETF was launched on Apr 27, 2023, and its management style is Active.
MNU.U follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MNU.U invests in bonds.
MNU.U price has risen by 0.03% over the last month, and its yearly performance shows a 0.03% increase. See more dynamics on MNU.U price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.35% over the last month, showed a 1.08% increase in three-month performance and has increased by 4.56% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.35% over the last month, showed a 1.08% increase in three-month performance and has increased by 4.56% in a year.
MNU.U trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.