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. |
|
|
Yes |
|
|
$25 |
- Withdrawal/Transfer
Fees:
|
$15.
If units redeemed within 90 days fee $25. |
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