Updated September 21, 2023.
Leith Wheeler
High Yield Bond Fund (CAD Hedged)
Objective
To provide investors with a high level of income and the opportunity for capital appreciation by investing in a portfolio of primarily high-yielding fixed income securities issued by US, Canadian and international corporations.
Investment Style
We take a conservative, disciplined approach to managing the High Yield Bond Fund. We believe the key to investing in high yield bonds is investing in solid companies run by strong management teams that can navigate variable market conditions. The Fund is a concentrated portfolio made up of liquid securities, focused on high quality non-investment grade bonds with strong cash flows. The High Yield Bond Fund is available in both a Canadian currency-hedged option and an unhedged option.
Regulatory DocumentsFund Details
Risk Level
Fund Code
LWF027
Asset Class
Fixed Income
Daily Price
Series
B
Quarter End Fund Size
$15.6 million
Series Inception Date
May 27, 2015
Fund Inception Date
May 27, 2015
MER
0.85%
RRSP/RRIF Eligible
Yes
Distribution Frequency
Monthly
Number Of Holdings
60
Minimum Investment
- $25,000 initial
- $1,000 subsequent
Quarter End Yield
8.96%
Reference Index
- ICE BOA Merrill Lynch BB-B US High Yield Constrained (Hedged to C$)*