Updated March 27, 2024.
To provide a relatively stable source of monthly income. The Fund will invest in fixed income securities (including corporate bonds, preferred shares, high yield bonds, loans, convertible debt and guaranteed mortgages).
The Fund invests in a mix of assets to provide a source of income. The asset mix includes investment grade fixed income securities, providing the lower risk portion of the portfolio, and preferred shares, high yield debt, loans, convertible debt and guaranteed mortgages, which provide additional income with less liquidity and potentially more credit risk. The allocation of investments in the Fund is determined by the Manager to optimize the income and balance the risk of the portfolio. The Fund invests in fixed income securities, predominantly government and corporate bonds, primarily with short-term and medium-term maturities. We seek to earn risk-adjusted income by identifying opportunities to shift investments amongst various maturities and issuers, so long as those purchases would not exceed 10% of this Fund’s assets and would comply with the other investment restrictions that govern this Fund. Up to 20% of the assets of the fund may be invested in foreign securities.
Download Fund Summary Regulatory DocumentsRisk Level
Fund Code
LWF021
Asset Class
Fixed Income
Daily Price
Series
B
Quarter End Fund Size
$177.6 million
Series Inception Date
May 29, 2014
Fund Inception Date
May 29, 2014
MER
0.80%
RRSP/RRIF Eligible
Yes
Distribution Frequency
Monthly
Number Of Holdings
178
Minimum Investment
Quarter End Yield
6.02%
Reference Index
For the period ended February 29, 2024 (after fees)
Annualized Compound Returns | |||||
Rates Of Return | 3 Month | 1 Year | 3 Year | 5 Year | 10 Year |
Fund (Net of Fees) | -0.1% | 0.0% | 0.9% | 1.2% | n/a |
Benchmark | 1.1% | 2.3% | -0.3% | 2.0% | n/a |
Calendar Year | YTD | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
---|---|---|---|---|---|---|---|---|---|---|---|
Fund (Net of Fees) | -8.7% | 1.8% | 7.1% | 5.9% | -0.9% | 3.0% | 4.4% | 1.6% | - | - | |
Benchmark | -7.2% | -1.0% | 8.7% | 6.5% | 1.5% | 1.8% | 3.3% | 3.4% | - | - |
As at December 31, 2023
*On March 31, 2021, the Fund formally adopted an investment performance benchmark you can use to assess the relative performance of your investments versus a blend of published indices. We have chosen a blended benchmark that has similar risk and return characteristics and asset classes to the Fund. However, the characteristics of the benchmark will not match that of the Fund due to our active management of the Fund and because the Fund does not use a fixed ratio identical to the benchmark. The benchmark is being presented retroactively to help you better assess the Fund’s past performance. The blended benchmark is 50% FTSE Canada Short Term Corporate Bond Index and 50% FTSE Canada Mid Term Corporate Bond Index.
Non-Canadian denominated benchmarks are based on their published US$ quotation, which we convert from US$ to CA$ using the Bloomberg exchange rate.