This exchange-traded fund (ETF) seeks to provide investors with a high level of current income while prioritizing capital preservation. It achieves this objective by investing primarily in high-interest U.S. dollar-denominated savings accounts held at various Canadian banks. These savings accounts typically offer competitive interest rates, often mirroring the yields on short-term U.S. treasury bills or other similar money market instruments. The fund essentially pools together investments into these deposit accounts, allowing individual investors to easily access a diversified portfolio of insured high-yield savings products without having to open and manage multiple bank accounts themselves. It functions as a pass-through vehicle, meaning that the interest income earned by the underlying accounts is distributed to the ETF shareholders after a small management fee. The investment strategy is therefore relatively simple and low risk, focusing on preserving the initial capital investment and providing a stable stream of income. By holding U.S. dollar-denominated assets, the fund also offers a degree of diversification against Canadian dollar fluctuations, which can be beneficial for investors who wish to hold assets in multiple currencies. The daily net asset value (NAV) is generally intended to reflect the principal value plus accrued interest. The appeal of this particular investment lies in its combination of yield, stability, and liquidity, offering investors a cash-like alternative within a diversified portfolio that allows for efficient management, typically with daily liquidity and relatively consistent returns, while holding funds in US Dollars.