Updated September 13, 2024.

Leith Wheeler
Multi Credit Fund

Objective

To achieve interest income, with the potential for some long-term capital growth, by investing primarily in corporate credit securities. The primary return objective is to deliver income and return in excess of the CORRA Compounded Index over a credit cycle.

Investment Style

The Fund invests primarily in US, Canadian and International corporate fixed income securities (including investment grade corporate bonds, high yield corporate bonds, senior loans and other securities). The Fund may also employ hedging strategies to protect the portfolio against currency fluctuations, interest rate changes and credit risk. The Fund will use forward currency contracts to substitute the exposure to US currency and other non-Canadian currency denominated assets with Canadian currency. The Fund is not restricted by country or industry sector, although portfolio diversification is a consideration in the selection of securities of the Fund. The Fund is expected to hold no fewer than 30 securities. No more than 10% of the Fund s assets may be invested in the securities of a single issuer. Under normal circumstances, the Fund s assets will be invested in accordance with the following maximums: investment grade corporate bonds (maximum 35%); high yield corporate bonds (maximum 75%); and senior loans (maximum 75%).

Download Fund Summary Regulatory Documents

Fund Details

Risk Level

Low To Medium
Low High

Fund Code

LWF057

Asset Class

Multi-Asset Fixed Income

Daily Price

$9.06320

Series

F

Quarter End Fund Size

$163.2 million

Series Inception Date

May 25, 2017

Fund Inception Date

May 25, 2017

MER

0.96%

RRSP/RRIF Eligible

Yes

Distribution Frequency

Quarterly

Number Of Holdings

90

Minimum Investment

  • $5,000 initial
  • $1,000 subsequent

Quarter End Yield

7.93%**

Benchmark

  • CORRA Compounded Index**