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Purpose High Interest Savings Fund Class A
Canadian Money Market
|
NAVPS (11-02-2026) |
$10.00 |
|---|---|
| Change |
$0.00
(0.02%)
|
As at September 30, 2026
As at September 30, 2026
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Fund Returns
Inception Return (January 27, 2023): 3.43%
| 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 | 0.16% | 0.48% | 0.96% | 1.43% | 1.92% | 2.32% | 3.11% | - | - | - | - | - | - | - |
| Benchmark | 0.19% | 0.56% | 1.13% | 1.68% | 2.25% | 2.61% | 3.34% | 3.61% | 3.09% | 2.58% | 2.35% | 2.26% | 2.14% | 1.98% |
| Category Average | 0.12% | 0.43% | 0.86% | 1.27% | 1.76% | 2.20% | 2.92% | 3.10% | 2.55% | 2.11% | 1.90% | 1.81% | 1.67% | 1.53% |
| Category Rank | 170 / 274 | 171 / 272 | 171 / 270 | 170 / 270 | 174 / 269 | 169 / 259 | 146 / 245 | - | - | - | - | - | - | - |
| Quartile Ranking | 3 | 3 | 3 | 3 | 3 | 3 | 3 | - | - | - | - | - | - | - |
Monthly Return
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.17% | 0.15% | 0.17% | 0.15% | 0.14% | 0.17% | 0.16% | 0.15% | 0.17% | 0.16% | 0.16% | 0.16% |
| Benchmark | 0.20% | 0.18% | 0.18% | 0.18% | 0.18% | 0.18% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% |
Best Monthly Return Since Inception
0.44% (October 2023)
Worst Monthly Return Since Inception
0.06% (January 2023)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | 4.28% | 2.33% |
| Benchmark | 0.50% | 0.65% | 1.34% | 1.66% | 0.56% | 0.11% | 1.95% | 4.71% | 4.47% | 2.64% |
| Category Average | 0.24% | 0.35% | 0.69% | 1.20% | 0.45% | -0.11% | 1.13% | 4.06% | 4.01% | 2.32% |
| Quartile Ranking | - | - | - | - | - | - | - | - | 3 | 3 |
| Category Rank | - | - | - | - | - | - | - | - | 154/ 246 | 183/ 260 |
Best Calendar Return (Last 10 years)
4.28% (2024)
Worst Calendar Return (Last 10 years)
2.33% (2025)
Asset Allocation
| Name | Percent |
|---|---|
| Cash and Equivalents | 100.00 |
Sector Allocation
| Name | Percent |
|---|---|
| Cash and Cash Equivalent | 100.00 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.00 |
Top Holdings
| Name | Percent |
|---|---|
| National Bank Cash Account 2.25% 31-Dec-2049 | 49.82 |
| Bank of Montreal Cash Account 2.52% 31-Dec-2049 | 13.65 |
| BANK OF SCOTIA CASH ACCOUNT 2 2.25% 31-Dec-2049 | 11.33 |
| Scotiabank Deposit Account 2.75% 31-Dec-2049 | 9.65 |
| Canada Government 0.00% 18-Nov-2026 | 5.15 |
| CM CASH DEPOSIT ACCOUNT 2.05% 31-Dec-2049 | 2.50 |
| Canada Government 0.00% 02-Dec-2026 | 2.41 |
| Canada Government 0.00% 21-Oct-2026 | 2.30 |
| Canada Government 0.00% 04-Nov-2026 | 1.50 |
| Canada Government 0.00% 16-Dec-2026 | 1.38 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Purpose High Interest Savings Fund Class A
Median
Other - Canadian Money Market
3 Yr Annualized
| Standard Deviation | 0.35% | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | 0.32 | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
- | - |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 0.03% | 0.35% | - | - |
| Beta | - | - | - | - |
| Alpha | - | - | - | - |
| Rsquared | - | - | - | - |
| Sharpe | - | - | - | - |
| Sortino | -3.45 | 0.32 | - | - |
| Treynor | - | - | - | - |
| Tax Efficiency | - | - | - | - |
Fund Details
| Start Date | January 27, 2023 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $278 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PFC8500 | ISC | Open |
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 |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 100 |
| PAC Subsequent | 100 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 0.43% |
|---|---|
| Management Fee | 0.40% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.25% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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