Updated March 28, 2024.
The Fund seeks to provide above-average long-term investment returns by investing primarily in equity and equity-related securities issued by U.S. companies. We will not change the fundamental investment objectives of the Fund without the consent of unitholders (either by written consent of holders of at least 50% of the outstanding units, or by the majority vote at a meeting of unitholders).
We utilize a value approach to stock selection, applying bottom-up, fundamental analysis to all investment decisions. Our investment goal is to protect client capital while generating superior investment growth, regardless of economic conditions. We seek to invest in companies with stable earnings, a long-term business model, and a capable management team we can trust that can navigate variable market conditions. As value investors, we tend to include companies in the portfolio when they are viewed as “out of favour” by the market and have declined in price. Companies can become undervalued when there is a lack of investor awareness, when an entire industry is out of favour with investors, or when a company experiences a short-term difficulty which, following careful analysis, we believe can be overcome. By purchasing these companies after a price decline, we are able to control downside risk in the portfolio while adding the potential for an attractive return.
Download Fund Summary Regulatory DocumentsRisk Level
Fund Code
LWF039
Asset Class
US Equity
Daily Price
$6.35880
Series
F
Quarter End Fund Size
$381.4 million
Series Inception Date
May 25, 2016
Fund Inception Date
Apr 27, 1994
MER
1.04%
RRSP/RRIF Eligible
Yes
Distribution Frequency
Quarterly
Number Of Holdings
70
Minimum Investment
Quarter End Yield
2.24%
Reference Index
For the period ended February 29, 2024 (after fees)
Annualized Compound Returns | |||||||||
Performance History of F-Series (Net of Fees) | 1 Month | 3 Months | YTD | 1 Year | 3 Years | 5 Years | Since Inception* | ||
US Equity Fund | 5.2% | 10.7% | 7.1% | 14.9% | 11.6% | 11.9% | 11.2% | ||
S&P 500 (C$) | 6.5% | 12.1% | 9.7% | 29.8% | 14.3% | 15.5% | 14.7% |
*Performance calculation start date is May 25, 2016, which is the date of first unitholder contribution to the Series.
CALENDAR YEAR RETURNS (NET OF FEES) | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
---|---|---|---|---|---|---|---|
US Equity Fund | 9.9% | 0.8% | 26.2% | 6.5% | 18.9% | -3.9% | 9.7% |
S&P 500 (C$) | 23.6% | -12.3% | 27.8% | 16.1% | 25.2% | 4% | 13.8% |
As at December 31, 2023
**Non-Canadian denominated benchmarks are based on their published US$ quotation, which we convert from US$ to CA$ using the Bloomberg exchange rate.