Instead of HSAV.TO, what about Purpose Premium Money Market Fund ? | Investing | Discussion forum

Redfish said
Hi everyone,

There is quite a discussion in the previous post on HSAV.TO.

I just found out about Purpose Premium Money Market Fund
Code: PFC2201.

Is this a fund for someone to consider, i.e. I do not need monthly income.
This fund is supposed to be "tax efficient", where it distributes "Return of Capital" and "Capital Gain" in previous years.

I also understand it has a high MER of .31%.
I assume it is not CDIC insured.

Please share your thoughts. Thanks.  

To begin with I 'm finding a MER of .59% for PFC2201
https://documents.purposeinvest.com/Docs/PMR/fund_facts/en/Purpose%20Premium%20Money%20Market%20Fund%20Fund%20Facts%202023-10-13.pdf

Also , These Purpose products I've found not often available through the FUNDSERVE Tab at brokerages . I was looking at PFC8500/1 series and could not purchase through NBDB or Investors Edge

Neither of them can be purchased at iTrade either.

Loonie said
I think this was discussed in a previous thread; wasn't it?  

I don't know if this specific MMF was discussed before, but the discussion around it is really not much different. Not all MMFs are available at all brokerages.