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IP-Profiler - Other Banking Services
Money Market Funds

Today's investor has no shortage of investment options to choose from. We believe so strongly in our mission to make money management easy for our clients that we went and had it registered as our Trade Mark - Money Management Made EasyŽ.

We want you to profit from our research. This section provides a base reference source of investment products in a simple format. The information outlined below is provided to give an overall illustration of parameters that may be in effect for this investment product.

Investment Product  
P r o f i l e r: 
Money Market Funds
Questions to Ask: Answers you may find:
Who is the Fund Manager: Mutual Fund Management Inc.
Type of Assets: - Short term debt obligations maturing in less than 1 year issued or insured by the Government of Canada.
- T-bills
-High quality corporates securities
Investment Amounts

Initial: $CDN
Initial: $US

RSP:
Subsequent:
PAC:

$1,000
$5,000
None
$100
$25
Minimum Investment Period: None
Withdrawal Notice/Fee: If received by 4 pm done same day, otherwise 1 day notice needed, thereafter paid within 5 days. No fee is charged.
Can Cheques be Written Against Fund/Fee: Yes, 2 free cheques per month, thereafter $2.50 each. If balance below $10,000 and cheque item below $250, additional charge per cheque of $2.
Income Calculated: Daily
Income Credited: Monthly
Management Fee: 1/12 of 1 per cent per month of the average net assets.
Acquisition Fee: 0 - 2 per cent if front-end is chosen.
Deferred sales charge: If back-end is chosen, 5.5 per cent decreasing to 0 per cent over 7 years.
Other Fees: If monthly withdrawals exceed 2 - a fee of $5 per withdrawal. If closed within 30 days of initial purchase - fee $100.
  • Availability for RRSPs:
Yes
  • Annual Fee:
$25
  • Withdrawal/Transfer Fees:
$15. If units redeemed within 90 days fee $25.

Data extracted from The Fiscal Reports - Money Market Funds, Report # 6 and provided as a generic product illustration only - issuers of such products may have some, but not all of the features shown below.
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