Cash Solutions for Edward Jones Clients
Cash has always been an important component of a well-diversified portfolio. The cash portion of a portfolio helps preserve capital during market downturns and may act as a temporary hold until new investment opportunities become available. Edward Jones advisors have the opportunity to invest in cash alternative investments through the following approved mutual funds:
5.48% Yield. Canadian dollars.
High Interest Savings Account Fund (HISA). HISA preserves capital and liquidity by investing in high-interest deposit accounts with four of Canada’s big six banks. HISA earns the Bank of Canada Overnight rate of 5.00% + 0.48% = 5.48%. Therefore, any future rate increases by the Bank of Canada will be reflected in the yield.*
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5.69% Yield. US dollars.
US High Interest Savings Account Fund (HISU.U). HISU.U preserves capital and liquidity by investing in high-interest US dollar deposit accounts with three of Canada’s big six banks. HISU.U earns the Fed Upper rate of 5.50% + 0.19% = 5.69%. Therefore, any future rate increases by the U.S. Federal Reserve will be reflected in the yield.*
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Note: The ETF versions HISA and HISU.U are not currently available at Edward Jones.
High Interest Savings Funds
Learn more about investing in cash alternative investments exclusively for Edward Jones advisors.
*Yields are gross of MER, as at July 27, 2023. Rates may be changed at any time. See prospectus for further details.
Designed for retail investors.
Commissions, management fees and expenses all may be associated with exchange traded mutual funds (ETFs) and mutual funds. Please read the prospectus before investing. The indicated rates of return are the historical annual compound total returns net of fees (except for figures of one year or less, which are simple total returns) including changes in per unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. ETFs and mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
The ETF and mutual funds will not be covered by Canada Deposit Insurance Corporation (CDIC) or any other government deposit insurer.
There are risks involved with investing in ETFs and mutual funds. Please read the prospectus for a complete description of risks relevant to the ETF and mutual fund. Investors may incur customary brokerage commissions in buying or selling ETF and mutual fund units.