Description

By investing in short-term U.S. Government T-Bills, which are backed by the "full faith and credit" of the U.S. Government, UBIL.U offers an interest-bearing alternative to U.S. dollar cash holdings, with potentially lower credit and interest rate risks relative to other fixed income options. An attractive U.S. dollar cash alternative with monthly distributions that are expected to be in excess of other short-term instruments, like bank deposits and cashable GICs. Unlike other savings vehicles, like Guaranteed Investment Certificates (“GICs”) or High-Interest Savings Accounts, which typically have minimum holding periods or investment amounts, UBIL.U can be purchased or sold anytime throughout the trading day. UBIL.U seeks to provide interest income through exposure to U.S. Treasury Bills with remaining maturities generally less than 3 months.