Steadyhand Savings Fund
A place to park your money
Objective
To provide a reasonably stable level of current income, while also preserving capital, through investing in short-term debt instruments.
Is This Fund For You?
You have a short investment time horizon (under 3 years) and a low tolerance for risk. This is not a long-term investment vehicle; consider this fund if you are seeking a low-cost savings product.
Geographic Profile
Canada-focused: the portfolio manager invests primarily in money market instruments issued by Canadian governments and corporations.
Strategy
Nothing fancy here, as capital preservation is key. The fund invests in a number of short-term debt instruments, including treasury bills, high-grade short-term corporate bonds, banker's acceptances and commercial paper. The manager seeks to add value by employing a combination of relatively conservative strategies to enhance the fund's yield.
Estimated long-term mix:
Unitholder Responsibilities
This fund is designed as a savings product; make sure that it fits into your investment plan.
Understand that money market funds are not designed to provide you with inflation-adjusted growth.
Do not invest capital that is earmarked for long-term growth in this fund.
Portfolio Advisor
Purpose Investments
One of Canada’s premier independent money management firms.
Over 12 years of experience managing fixed income assets.
Excellent long-term track record.
Over $27 billion in fixed income assets under management.