What Is TUST?
The fund seeks to maximize income while simultaneously preserving investment capital and liquidity primarily by investing in debt obligations issued or guaranteed by the Canadian federal or provincial governments or any agency of such governments, debt obligations of Schedule I Canadian chartered banks, debt obligations of loan or trust companies and debt obligations of corporations and trusts. In each case such obligations may have a term to maturity of up to three years. The fund may also use specified derivatives to, among other things, gain exposure to such securities. In addition, the fund may invest in foreign securities to an extent that will vary from time to time but is not typically expected to exceed 30% of the total value of the assets of the fund at the time that foreign securities are purchased.
Set it, forget it, let compounding do the heavy lifting. 💪