Updated April 20, 2018.
Leith Wheeler
Multi Credit Fund
Objective
To achieve interest income, with the potential for some long term capital growth, by investment primarily in corporate credit securities. The primary return objective is to deliver income and return in excess of CDOR over a credit cycle.
Investment Style
We aim to add value in the Multi Credit Fund by generating yield using a relative valuation approach and investing in U.S. senior loans, global high yield and global investment grade fixed income. We find opportunities both across different asset classes and within the capital structure, based on relative value and where we are in the economic cycle. There is a focus on managing credit and duration risk, as access to both floating rate and non-floating rate investments moderates interest rate volatility. Safety and liquidity are the focus of our approach to fixed income investing.
Download Fund Summary Regulatory DocumentsFund Details
Risk Level
Fund Code
LWF056
Asset Class
Multi-Asset Fixed Income
Daily Price
$9.97600
Series
B
Quarter End Fund Size
$48.5 million
Series Inception Date
Sep 27, 2017
Fund Inception Date
May 25, 2017
MER
0.95% + GST
RRSP/RRIF Eligible
Yes
Distribution Frequency
Quarterly
Number Of Holdings
57
Minimum Investment
- $25,000 directly through Leith Wheeler
- $5,000 through other registered dealers
Quarter End Yield
5.41%
Reference Index
- Canadian Dollar Offered Rate (CDOR)