PURPOSE CASH MANAGEMENT FUND UNITPURPOSE CASH MANAGEMENT FUND UNITPURPOSE CASH MANAGEMENT FUND UNIT

PURPOSE CASH MANAGEMENT FUND UNIT

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Key stats


Assets under management (AUM)
‪1.27 B‬CAD
Fund flows (1Y)
‪679.38 M‬CAD
Dividend yield (indicated)
3.97%
Discount/Premium to NAV
0.02%
Shares outstanding
‪12.65 M‬
Expense ratio
0.47%

About PURPOSE CASH MANAGEMENT FUND UNIT


Issuer
Purpose Unlimited
Brand
Purpose
Inception date
Sep 14, 2022
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
No Underlying Index
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Primary advisor
Purpose Investments, Inc.
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


Asset Class
Fixed income
Category
Broad market, broad-based
Focus
Investment grade
Niche
Ultra-short term
Strategy
Active
Geography
Canada
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Corporate
Stock breakdown by region
100%
Top 10 holdings
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.

Broaden your horizons with more funds linked to MNY via country, focus, and more.

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.
MNY trades at 100.04 CAD today, its price has risen 0.03% in the past 24 hours. Track more dynamics on MNY price chart.
MNY net asset value is 100.02 today — it's risen 0.24% 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.
MNY assets under management is ‪1.27 B‬ CAD. 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.
MNY price has risen by 0.02% over the last month, and its yearly performance shows a 0.02% increase. See more dynamics on MNY price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.24% over the last month, showed a 0.77% increase in three-month performance and has increased by 3.60% in a year.
MNY fund flows account for ‪679.38 M‬ CAD (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.
MNY invests in bonds. See more details in our Analysis section.
MNY expense ratio is 0.47%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, MNY 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, MNY 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 MNY shows the sell signal. See more of MNY technicals for a more comprehensive analysis.
Yes, MNY pays dividends to its holders with the dividend yield of 3.97%.
MNY trades at a premium (0.02%).
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.
MNY shares are issued by Purpose Unlimited
MNY 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 Sep 14, 2022.
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.