Updated April 29, 2024.
To provide a stable and attractive total return through investment in fixed income securities. The primary return objective is to achieve, over moving four-year periods, the annualized total return of the FTSE Canada Universe Bond Index plus 0.35%. The secondary return objective is to rank, over moving four-year periods, in the top quartile of a universe of Canadian bond funds as measured by a comparative measurement service.
We take a conservative, disciplined approach to managing the Core Bond Fund. 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 identifying opportunities to shift investments between various maturities and between federal, provincial, municipal and corporate bonds. Safety and liquidity are the focus of our approach to fixed income investing.
Download Fund Summary Regulatory DocumentsRisk Level
Fund Code
LWF003
Asset Class
Fixed Income
Daily Price
$10.01140
Series
F
Quarter End Fund Size
$257.5 million
Series Inception Date
Apr 27, 1994
Fund Inception Date
Apr 27, 1994
MER
0.75%**
RRSP/RRIF Eligible
Yes
Distribution Frequency
Quarterly
Number Of Holdings
195
Minimum Investment
Quarter End Yield
4.17%
Reference Index
For the period ended March 31, 2024 (after fees)
Annualized Compound Returns | |||||||||
Performance History of F-Series (Net of Fees) | 1 Month | 3 Months | YTD | 1 Year | 3 Years | 5 Years | Since Inception* | ||
Fund**** | 0.5% | -1.2% | -1.2% | 2.2% | -1.6% | 0.0% | 4.4% | ||
Reference Index | 0.5% | -1.2% | -1.2% | 2.1% | -1.5% | 0.3% | 5.2% |
*Performance calculation start date is April 27, 1994, which is the date of first unitholder contribution to the Series.
CALENDAR YEAR RETURNS (NET OF FEES) | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
---|---|---|---|---|---|---|---|---|---|---|
Fund | 6.8% | -11.7% | -2.9% | 8% | 6.4% | 0.8% | 1.9% | 1.3% | 2.9% | 8.1% |
Benchmark | 6.7% | -11.7% | -2.5% | 8.7% | 6.9% | 1.4% | 2.5% | 1.7% | 3.5% | 8.8% |
As at December 31, 2023
**Leith Wheeler reduced the management fee for the Leith Wheeler Core Bond Fund, F-Series by 0.25% on October 18, 2023 which is partially reflected in the MER.
***Showing "yield-to-worst." The yield-to-worst is the lowest potential yield that can be received on a bond, assuming there is no default. It is calculated based on the lowest yield on a bond, calculated to each call date (where applicable). For bonds that are not callable, the yield-to-worst is the same as the yield-to-maturity.
****On October 18, 2023, Leith Wheeler Investment Counsel Ltd. renamed Series B of Leith Wheeler Core Bond Fund to Series F. Performance prior to this date is when each fund was called the B-Series and performance calculated after this date is when each fund is called F-Series.