Updated September 21, 2023.
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 Canadian Dollar Offered Rate (CDOR) 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 25%); high yield corporate bonds (maximum 75%); and senior loans (maximum 75%).
Download Fund Summary Regulatory DocumentsFund Details
Risk Level
Fund Code
LWF057
Asset Class
Multi-Asset Fixed Income
Daily Price
$8.68150
Series
F
Quarter End Fund Size
$153.6 million
Series Inception Date
May 25, 2017
Fund Inception Date
May 25, 2017
MER
0.88%
RRSP/RRIF Eligible
Yes
Distribution Frequency
Quarterly
Number Of Holdings
64
Minimum Investment
- $5,000 initial
- $1,000 subsequent
Quarter End Yield
8.64%***
Reference Index
- Canadian Dollar Offered Rate**