CASH EQUIVALENT FUND
|
Scotia T-Bill Fund |
Scotia Premium T-Bill
Fund |
Scotia Money Market
Fund – Series A |
Scotia Money Market
Fund – Premium Series |
Fund Holdings |
Government
of Canada Treasury Bills Floating
Rate Notes |
Government
of Canada Treasury Bills Floating
Rate Notes |
Fixed
income short-term securities issued by three tiers of Canadian government,
Canadian chartered trust companies and banks, and corporations |
Fixed
income short-term securities issued by three tiers of Canadian government,
Canadian chartered trust companies and banks, and corporations |
Average Maturity of
Investments |
30-90
days |
30-90
days |
30-90
days |
30-90
days |
Unit Price |
$10 |
$10 |
$10 |
$10 |
Minimum Initial
Investment |
$2000 |
$100
000 |
$2000 |
$100
000 |
Minimum Subsequent
Investment |
$50 |
$500 |
$50 |
$500 |
Management Expense |
0.76%
of investment |
0.58%
of investment |
0.96%
of investment |
0.35%
of investment |
Income Distribution
Frequency |
Monthly |
Monthly |
Monthly |
Monthly |
Capital Distribution
Frequency |
Annually |
Annually |
Annually |
Annually |
Other Benefits |
None |
Management
fee rebate of 0.2% of investment when investment is over $250 000 |
Higher
return that T-Bill funds |
Highest
return out of all cash equivalent mutual funds |