Updated September 21, 2018.

Leith Wheeler
U.S. Dividend Fund

Objective

To provide investors with a source of monthly income, with the potential for long-term growth through capital appreciation and growth in dividends by investing primarily in common shares, convertible debentures and other equity related securities of U.S. issuers. The Fund will attempt to produce a total return in excess of the return of the S&P 500 Index, and secondarily, the Russell 1000 Value Index over a full market cycle. The Fund is subadvised by Barrow, Hanley, Mewhinney & Strauss of Dallas, Texas.

Investment Style

We utilize a value approach to stock selection, applying bottom-up fundamental analysis to all investment decisions. Our investment goal is to protect our client’s capital while offering superior investment growth, regardless of economic conditions. We seek to invest in companies that generally reflect the following value characteristics: price/earnings and price/book ratios at, or below, the market and a dividend yield at, or above, the market. In addition, most securities in the Fund will have a 25-year history of paying cash dividends.

As value investors, we tend to include companies in the portfolio when they are “out of favour” by the market and have declined in price. Companies can become undervalued when there is a lack of investor awareness, when an entire industry is out of favour with investors, or when a company experiences a short-term difficulty which, following careful analysis, we believe can be overcome. By purchasing these companies after a price decline, we find we are able to control risk in the portfolio as these investments often have less downside risk while offering a decent potential return.

Download Fund Summary Regulatory Documents

Fund Details

Risk Level

Medium
Low High

Fund Code

LWF043

Asset Class

US Equity Fund

Daily Price

$12.05644

Series

B

Quarter End Fund Size

$91.2 million

Series Inception Date

Sep 26, 2016

Fund Inception Date

Sep 26, 2016

MER

1.35%

RRSP/RRIF Eligible

Yes

Distribution Frequency

Monthly

Number Of Holdings

43

Minimum Investment

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

Quarter End Yield

3.06%

Reference Index

  • S&P 500 (US$)