Updated March 28, 2024.
To provide investors with a high level of income and the opportunity for capital appreciation by investing in a portfolio of primarily high-yielding fixed income securities issued by US, Canadian and international corporations.
We take a conservative, disciplined approach to managing the High Yield Bond Fund. We believe the key to investing in high yield bonds is investing in solid companies run by strong management teams that can navigate variable market conditions. The Fund is a concentrated portfolio made up of liquid securities, focused on high quality non-investment grade bonds with strong cash flows. The High Yield Bond Fund is available in both a Canadian currency-hedged option and an unhedged option.
Download Fund Summary Regulatory DocumentsRisk Level
Fund Code
LWF027
Asset Class
Fixed Income
Daily Price
Series
B
Quarter End Fund Size
$16 million
Series Inception Date
May 27, 2015
Fund Inception Date
May 27, 2015
MER
0.85%
RRSP/RRIF Eligible
Yes
Distribution Frequency
Monthly
Number Of Holdings
68
Minimum Investment
Quarter End Yield
9.03%
Reference Index
For the period ended February 29, 2024 (after fees)
Annualized Compound Returns | |||||
Rates Of Return | 3 Month | 1 Year | 3 Year | 5 Year | 10 Year |
Fund (Net of Fees) | 0.7% | 0.7% | 1.6% | 0.4% | n/a |
Benchmark | 1.1% | -0.9% | 2.0% | 2.4% | n/a |
Calendar Year | YTD | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
---|---|---|---|---|---|---|---|---|---|---|---|
Fund (Net of Fees) | -8.9% | 3.1% | -1.4% | 10.6% | -2.6% | 6.5% | 13.3% | - | - | - | |
Benchmark | -11.1% | 4.5% | 5.0% | 14.0% | -2.9% | 6.4% | 14.2% | - | - | - |
As at December 31, 2023
*The yield-to-worst is the lowest potential yield that can be received on a bond, assuming there is no default. It is calculated based on the lowest yield on a bond, calculated to each call date (where applicable). For bonds that are not callable, the yield-to-worst is the same as the yield-to-maturity.
Non-Canadian denominated benchmarks are based on their published US$ quotation, which we convert from US$ to CA$ using the Bloomberg exchange rate.