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Purpose High Interest Savings Fund ETF Units (PSA : TSX)

Canadian Money Market

Close
(03-14-2025)
$50.08
Change
$0.02 (0.04%)
Open $50.07
Day Range $50.07 - $50.08
Volume 80,649

As at February 28, 2025

As at February 28, 2025

Period
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Legend

Purpose High Interest Savings Fund ETF Units

Compare Options


Fund Returns

Inception Return (October 11, 2013): 1.99%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 0.23% 0.79% 1.78% 0.49% 4.23% 4.72% 4.13% 3.24% 2.72% 2.63% 2.52% 2.34% 2.19% 2.08%
Benchmark 0.24% 0.78% 1.75% 0.50% 4.15% 4.48% 3.86% 2.92% 2.39% 2.27% 2.15% 1.97% 1.81% 1.68%
Category Average 0.20% 1.57% 1.57% 0.44% 3.71% 3.96% 3.23% 2.38% 1.94% 1.81% 1.67% 1.51% 1.37% 1.24%
Category Rank 131 / 275 133 / 275 119 / 273 128 / 275 88 / 263 36 / 246 24 / 230 15 / 224 14 / 214 7 / 198 6 / 183 6 / 175 5 / 168 5 / 163
Quartile Ranking 2 2 2 2 2 1 1 1 1 1 1 1 1 1

Monthly Return

Monthly Return
Return % Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Fund 0.38% 0.44% 0.42% 0.36% 0.42% 0.36% 0.36% 0.34% 0.29% 0.29% 0.27% 0.23%
Benchmark 0.40% 0.41% 0.40% 0.39% 0.38% 0.36% 0.34% 0.33% 0.29% 0.28% 0.26% 0.24%

Best Monthly Return Since Inception

0.46% (October 2023)

Worst Monthly Return Since Inception

0.04% (February 2022)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 1.08% 1.00% 1.08% 1.67% 2.20% 0.95% 0.59% 2.28% 5.16% 4.56%
Benchmark 0.55% 0.50% 0.65% 1.34% 1.66% 0.56% 0.11% 1.95% 4.71% 4.47%
Category Average 0.02% 0.24% 0.35% 0.69% 1.20% 0.45% -0.11% 1.13% 4.06% 4.01%
Quartile Ranking 1 1 1 1 1 1 1 1 1 2
Category Rank 7/ 162 4/ 167 7/ 175 21/ 182 1/ 198 25/ 211 8/ 224 7/ 228 10/ 238 86/ 261

Best Calendar Return (Last 10 years)

5.16% (2023)

Worst Calendar Return (Last 10 years)

0.59% (2021)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 100.00

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 100.00

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
National Bank Cash Account 3.00% 31-Dec-2049 48.78
Canada Government 12-Mar-2025 13.24
Scotiabank Deposit Account 3.50% 31-Dec-2049 10.57
Canada Government 09-Apr-2025 8.92
Canada Government 27-Mar-2025 4.32
Canada Government 0.00% 04-Jun-2025 4.30
Scotiabank Cash Account 2.80% 31-Dec-2049 4.00
Bank of Montreal Cash Account 3.40% 31-Dec-2049 3.90
Canada Government 0.00% 07-May-2025 1.94
Cash and Cash Equivalents 0.04

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: .
Period: 

Risk vs Return (3 Yr)

Purpose High Interest Savings Fund ETF Units

Median

Other - Canadian Money Market

3 Yr Annualized

Standard Deviation 0.37% 0.57% 0.45%
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino 6.00% -0.68% -2.02%
Treynor - - -
Tax Efficiency - - -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 0.23% 0.37% 0.57% 0.45%
Beta - - - -
Alpha - - - -
Rsquared - - - -
Sharpe - - - -
Sortino - 6.00% -0.68% -2.02%
Treynor - - - -
Tax Efficiency - - - -

Fund Details

Start Date October 11, 2013
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -
52 Week High $50.22
52 Week Low $50.00
Annual Dividend $2.08
Annual Yield -
Index -
Shares Outstanding -
Registered Plan Eligible Yes

ETF Characteristics

Exposure 1x performance
Asset Class High -
Asset Class Medium -
Asset Class Low -
Leveraged -
Inverse -
Advisor Series -
Covered Call Strategy No

Investment Objectives

The fund seeks to maximize monthly income for unitholders while preserving capital and liquidity by investing in high interest deposit accounts and/or high-quality money market securities

Investment Strategy

The fund primarily invests its assets in high interest deposit accounts with one or more Chartered Banks and/or Canadian Credit Unions. The fund may also invest in high-quality, short-term debt securities, including treasury bills and promissory notes issued or guaranteed by Canadian governments or their agencies, bankers acceptances, asset-backed commercial paper and commercial paper issued by Canadian chartered banks, loan companies, trust companies and corporations

Portfolio Management

Portfolio Manager

Purpose Investments Inc.

Sub-Advisor

Neuberger Berman Investment Advisers LLC

Management and Organization

Fund Manager

Purpose Investments Inc.

Custodian

CIBC Mellon Trust Company

Registrar

CIBC Mellon Global Securities Services Company

Distributor

-

Fees

MER 0.16%
Management Fee 0.15%

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