Updated December 01, 2022.

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 invests in fixed income securities, predominantly government and corporate bonds, primarily with short-term and medium-term maturities. 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 Documents

Fund Details

Risk Level

Low To Medium
Low High

Fund Code

LWF032

Asset Class

Fixed Income

Daily Price

$8.97580

Series

F

Quarter End Fund Size

$138.1 million

Series Inception Date

Aug 28, 2015

Fund Inception Date

May 29, 2014

MER

0.54%

RRSP/RRIF Eligible

Yes

Distribution Frequency

Monthly

Number Of Holdings

206

Minimum Investment

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

Quarter End Yield

5.84%

Reference Index

  • 50% FTSE Canada Mid Term Corporate Bond
  • 50% FTSE Canada Short Term Corporate Bond**