Overview The investment objective of the Excel Money Market Fund is to earn the highest level of current income consistent with the preservation of capital and liquidity by investing primarily in the Canadian money market and fixed income instruments.
Fund Details | Inception Date | December 5, 2007 | | Min. Initial Investment | $500 |
| •Deferred Sales Charge |
$500 |
| •Low Load Sales Charge | $2,500 | | •F Series | $2,500 | | Min. Sub. Investment | $50 | | •F Series | $1,000 | | Fund Category | Canadian Money Market | | Asset Class | Cash |
| Management Fee |
0.50% |
| •F Series |
0.25% |
| 100% RRSP and TFSA eligible | Yes |
Portfolio Advisors
Excel Funds has retained Excel Investment Counsel Inc. to act as portfolio manager. Excel Investment Counsel Inc. is responsible for the day-today portfolio management activities of this Fund.
Paul Mesburis is the Senior Portfolio Manager and Chief Compliance Officer of Excel Investment Counsel Inc., and has more than 15 years of investment experience. On the buy-side, his previous roles have included Portfolio Manager of an equity mutual fund focusing on Canadian and US equities. On the sell-side, his investment experience includes investment banking, M&A and institutional equity research. Mr. Mesburis is a Chartered Accountant (Ontario) and a Chartered Financial Analyst. He earned his MBA from the Schulich School of Business at York University and a B.A. from the University of Toronto. | |  | | Fund Codes | Load Type | CAD$ | US$ | | Front End Sales Charge | EXL 105 | n/a | | Deferred Sales Charge | EXL 205 | n/a | | Low Load Sales Charge | EXL 305 | n/a | | "F Series" | EXL 605 | n/a |
 View detailed listing of Fund Codes (PDF) Investment Strategy The Fund invests in money market instruments and fixed income securities issued or guaranteed by governmental agencies, obligations of financial institutions and commercial paper and high quality obligations of companies. The Fund may invest in foreign securities in a manner consistent with its fundamental investment objective. Although, the unit price of the Excel Money Market Fund may rise or fall, the portfolio advisor strives to maintain a unit price of $10.00. |