Updated September 13, 2024.
Leith Wheeler
Corporate Advantage Fund
Objective
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).
Investment Style
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 primarily invests in a range of Canadian securities and may also invest in foreign securities. The Fund will also invest in a broad range of companies and is not restricted by capitalization or industry sector, although portfolio diversification is a consideration in the selection of securities of the Fund. 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 DocumentsFund Details
Risk Level
Low
High
Fund Code
LWF032
Asset Class
Fixed Income
Daily Price
$9.67560
Series
F
Quarter End Fund Size
$221.3 million
Series Inception Date
Aug 28, 2015
Fund Inception Date
May 29, 2014
MER
0.66%
RRSP/RRIF Eligible
Yes
Distribution Frequency
Monthly
Number Of Holdings
167
Minimum Investment
- $5,000 initial
- $1,000 subsequent
Quarter End Yield
5.34%
Benchmark
- 50% FTSE Canada Mid Term Corporate Bond
- 50% FTSE Canada Short Term Corporate Bond**