Updated July 18, 2018.

Leith Wheeler
Income Advantage Fund

Objective

To provide investors with a relatively stable source of tax efficient monthly income, with some potential for long-term growth through capital appreciation and growth in dividends. The Fund derives its income from allocating its investments primarily among fixed income securities, preferred shares, and dividend paying equities.

Investment Style

We take a conservative, disciplined approach to managing our Income Advantage Fund. We will adjust the investment mix between fixed income and equity securities as opportunities arise. 

Fixed income securities are chosen to provide safety of capital, liquidity, and strong cash flows. To manage risk, we set targets for duration, sector and credit quality factors which align with our interest rate outlook, industry sector and credit views. We aim to add value by generating yield using a relative valuation approach and investing in investment grade corporate bonds, high yield bonds, preferred shares, and other fixed income securities.

Within the dividend paying equity component, we utilize a value investment philosophy, applying bottom-up, fundamental analysis to all investment decisions. Our investment goal has always been to protect our client’s capital while offering superior investment growth, regardless of economic conditions. We approach this challenge by seeking out companies with stable earnings and reasonable business valuations and never investing unless we have a high level of comfort in the long term business model and management team.

Download Fund Summary Regulatory Documents

Fund Details

Risk Level

Low To Medium
Low High

Fund Code

LWF017

Asset Class

Balanced

Daily Price

$11.49143

Series

B

Quarter End Fund Size

$84.0 million

Series Inception Date

Dec 21, 2010

Fund Inception Date

Dec 21, 2010

MER

0.85%

RRSP/RRIF Eligible

Yes

Distribution Frequency

Monthly

Number Of Holdings

191

Minimum Investment

  • $25,000 directly through Leith Wheeler
  • $5,000 through other registered dealers

Quarter End Yield

3.71

Reference Index

  • Available Upon Request