Premium Cash Management ETF (MCAD.TO)
100.14
+0.05
(+0.05%)
CAD |
TSX |
May 03, 16:00
Price Chart
Key Stats
Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
---|---|---|---|
0.06% | 0.01% | 148.99M | -- |
Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
4.68% | -- | 148.28M | Upgrade |
Basic Info
Investment Strategy | |
MCAD’s investment objective is to maximize current income, while at the same time preserving capital and maintaining liquidity, by investing primarily in Canadian dollar-denominated high-quality short term debt securities (with a term to maturity of 365 days or less). To achieve its investment objectives, MCAD will invest in high-quality short term debt instruments such as treasury bills, bankers acceptances, bearer deposit notes, commercial paper (including asset-backed commercial paper), promissory notes, floating rate notes as well as other short term debt obligations of, or guaranteed by, the Canadian governments or their agencies, Canadian chartered banks, Canadian loan or trust companies or Canadian corporations. |
General | |
Security Type | Exchange-Traded Fund |
Equity Style | -- |
Fixed Income Style | High Quality/Limited Sensitivity |
Broad Asset Class | Money Market |
Broad Category | Money Market |
Category Name | Canadian Money Market |
Category Index | -- |
Global Category Name | Canada Money Market |
YCharts Categorization | Utilities Equity |
YCharts Benchmark | S&P 500 Utilities (Sector) Total Return (^SPXUSTR) |
Prospectus Objective | -- |
Fund Owner Firm Name | Evolve Funds Group Inc |
Prospectus Benchmark Index | |
N/A | 100.0% |
Broad Asset Class Benchmark Index | |
^BBUT13MTCH | 100.0% |
Manager Tenure | |
Not Disclosed | 0.85 yrs |
Performance Versus Category
As of May 03, 2024. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of May 03, 2024.
Basic Info
Investment Strategy | |
MCAD’s investment objective is to maximize current income, while at the same time preserving capital and maintaining liquidity, by investing primarily in Canadian dollar-denominated high-quality short term debt securities (with a term to maturity of 365 days or less). To achieve its investment objectives, MCAD will invest in high-quality short term debt instruments such as treasury bills, bankers acceptances, bearer deposit notes, commercial paper (including asset-backed commercial paper), promissory notes, floating rate notes as well as other short term debt obligations of, or guaranteed by, the Canadian governments or their agencies, Canadian chartered banks, Canadian loan or trust companies or Canadian corporations. |
General | |
Security Type | Exchange-Traded Fund |
Equity Style | -- |
Fixed Income Style | High Quality/Limited Sensitivity |
Broad Asset Class | Money Market |
Broad Category | Money Market |
Category Name | Canadian Money Market |
Category Index | -- |
Global Category Name | Canada Money Market |
YCharts Categorization | Utilities Equity |
YCharts Benchmark | S&P 500 Utilities (Sector) Total Return (^SPXUSTR) |
Prospectus Objective | -- |
Fund Owner Firm Name | Evolve Funds Group Inc |
Prospectus Benchmark Index | |
N/A | 100.0% |
Broad Asset Class Benchmark Index | |
^BBUT13MTCH | 100.0% |
Manager Tenure | |
Not Disclosed | 0.85 yrs |