PURPOSE HIGH INT SVGS FUND UNITPURPOSE HIGH INT SVGS FUND UNITPURPOSE HIGH INT SVGS FUND UNIT

PURPOSE HIGH INT SVGS FUND UNIT

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Key stats


Assets under management (AUM)
‪3.35 B‬CAD
Fund flows (1Y)
‪97.14 M‬CAD
Dividend yield (indicated)
2.56%
Discount/Premium to NAV
0.003%
Shares outstanding
‪66.90 M‬
Expense ratio
0.16%

About PURPOSE HIGH INT SVGS FUND UNIT


Issuer
Purpose Unlimited
Brand
Purpose
Inception date
Oct 15, 2013
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
No Underlying Index
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
Purpose Investments, Inc.
The fund is an actively managed fund that aims to maximize monthly income while preserving capital and liquidity. In achieving this goal, the fund primarily invests in high interest deposit accounts with one or more Chartered Banks and/or Canadian Credit Unions. This fund may be right for investors who are seeking current income, can tolerate minimal risk, and are 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
Canada
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of April 30, 2025
Exposure type
Bonds, Cash & Other
Cash
Government
Bonds, Cash & Other100.00%
Cash68.22%
Government31.78%
Stock breakdown by region
100%
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


PSA last dividends amounted to 0.11 CAD. The month before, the issuer paid 0.12 CAD in dividends, which shows a 7.77% decrease.
PSA assets under management is ‪3.35 B‬ CAD. It's fallen 2.00% over the last month.
PSA fund flows account for ‪97.14 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, PSA pays dividends to its holders with the dividend yield of 2.56%. The last dividend (May 2, 2025) amounted to 0.12 CAD. The dividends are paid monthly.
PSA shares are issued by Purpose Unlimited under the brand Purpose. The ETF was launched on Oct 15, 2013, and its management style is Active.
PSA expense ratio is 0.16% meaning you'd have to pay 0.16% of your investment to help manage the fund.
PSA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PSA invests in cash.
PSA price has fallen by −0.03% over the last month, and its yearly performance shows a −0.18% decrease. See more dynamics on PSA price chart.
NAV returns, another gauge of an ETF dynamics, showed a 0.68% increase in three-month performance and has increased by 3.11% in a year.
PSA trades at a premium (0.00%) meaning the ETF is trading at a higher price than the calculated NAV.