Updated September 13, 2024.

Leith Wheeler
Preferred Share Fund

Objective

To provide investors with income and the opportunity for long-term capital appreciation by investing primarily in a portfolio of Canadian preferred share securities.

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 client capital while offering superior investment growth, regardless of economic conditions. We seek to invest in solid companies run by strong management teams that can navigate variable market conditions. The Fund invests primarily in publicly-listed preferred shares, including securities convertible into preferred shares. Under normal conditions, the Fund may hold up to 10% of the Fund’s assets in cash or cash equivalents. The Fund is not restricted by industry or sector, although portfolio diversification is a consideration in the selection of securities of the Fund. No more than 10% of the Fund’s assets may be invested in the securities of a single issuer. The Fund will only purchase preferred shares with a rating of Pfd-3(low) or higher. The Fund is permitted to use derivatives for hedging or non-hedging purposes.

Download Fund Summary Regulatory Documents

Fund Details

Risk Level

Low To Medium
Low High

Fund Code

LWF064

Asset Class

Preferred Equity

Daily Price

$9.61980

Series

F

Quarter End Fund Size

$53.4 million

Series Inception Date

May 25, 2018

Fund Inception Date

May 18, 2018

MER

0.90%

RRSP/RRIF Eligible

Yes

Distribution Frequency

Quarterly

Number Of Holdings

74

Minimum Investment

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

Quarter End Yield

7.351%

Benchmark

  • S&P/TSX Preferred Share Index**