Updated December 01, 2022.

Leith Wheeler
Income Advantage Fund

Objective

To provide investors with a relatively stable source of tax efficient monthly income, with some potential for long-term growth through capital appreciation and growth in dividends. The Fund derives its income from its investments primarily in fixed income securities, preferred shares, and dividend-paying equities.

Investment Style

The Fund invests in a mix of assets to provide a tax-efficient source of income. The asset mix includes fixed income securities (which are lower risk), preferred shares, and dividend-paying equities, which provide opportunities for dividends and capital gains. The allocation of investments in the Fund is determined by the Manager to optimize the income and balance the risk of the portfolio. We purchase preferred shares and dividend-paying equities with the intention of holding them for the long term. We focus on determining the inherent value of a company's business rather than attempting to predict short-term fluctuations in its share price. In evaluating a company’s inherent value, we look at factors such as management, competitive position, growth prospects, cash flow and dividends. The Fund also invests in fixed income securities, predominantly government and corporate bonds, primarily with short term and medium-term maturities. Up to 25% of the assets of the Fund may be invested in foreign securities.

Download Fund Summary Regulatory Documents

Fund Details

Risk Level

Low To Medium
Low High

Fund Code

LWF030

Asset Class

Balanced

Daily Price

$10.53631

Series

F

Quarter End Fund Size

$61.8 million

Series Inception Date

Aug 28, 2015

Fund Inception Date

Dec 21, 2010

MER

0.76%

RRSP/RRIF Eligible

Yes

Distribution Frequency

Monthly

Number Of Holdings

158

Minimum Investment

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

Quarter End Yield

5.02%

Reference Index

  • 35% S&P/TSX Composite Dividend Index
  • 32.5% FTSE Canada Mid Term Corporate Bond
  • 32.5% FTSE Canada Short Term Corporate Bond**