Updated February 16, 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 Documents

Fund Details

Risk Level

Low To Medium
Low High

Fund Code

LWF056

Asset Class

Multi-Asset Fixed Income

Daily Price

$10.01904

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%

Benchmark

  • Canadian Dollar Offered Rate (CDOR)