Key stats
About PURPOSE CASH MANAGEMENT FUND UNIT
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Inception date
Sep 14, 2022
Structure
Canadian Mutual Fund Trust (ON)
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
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
Cash
Corporate
Bonds, Cash & Other100.00%
Cash49.99%
Corporate44.18%
Government5.79%
Securitized0.04%
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
MNY invests in bonds. The fund's major sectors are Corporate, with 44.18% stocks, and Government, with 5.79% of the basket. The assets are mostly located in the Cash region.
MNY last dividends amounted to 0.24 CAD. The month before, the issuer paid 0.27 CAD in dividends, which shows a 13.25% decrease.
MNY assets under management is 1.28 B CAD. It's risen 12.52% over the last month.
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.
Yes, MNY pays dividends to its holders with the dividend yield of 3.97%. The last dividend (Jun 3, 2025) amounted to 0.24 CAD. The dividends are paid monthly.
MNY shares are issued by Purpose Unlimited under the brand Purpose. The ETF was launched on Sep 14, 2022, and its management style is Active.
MNY expense ratio is 0.47% meaning you'd have to pay 0.47% of your investment to help manage the fund.
MNY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MNY invests in bonds.
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.
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 trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.