Updated March 05, 2021.
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 allocating its investments primarily among fixed income securities, preferred shares, and dividend paying equities.
Investment Style
We take a conservative, disciplined approach to managing our Income Advantage Fund. We will adjust the investment mix between fixed income and equity securities as opportunities arise.
Fixed income securities are chosen to provide safety of capital, liquidity, and strong cash flows. To manage risk, we set targets for duration, sector and credit quality factors which align with our interest rate outlook, industry sector and credit views. We aim to add value by generating yield using a relative valuation approach and investing in investment grade corporate bonds, high yield bonds, preferred shares, and other fixed income securities.
Within the dividend paying equity component, we utilize a value investment philosophy, applying bottom-up, fundamental analysis to all investment decisions. Our investment goal has always been to protect our client’s capital while offering superior investment growth, regardless of economic conditions. We approach this challenge by seeking out companies with stable earnings and reasonable business valuations and never investing unless we have a high level of comfort in the long term business model and management team.
Download Fund Summary Regulatory DocumentsFund Details
Risk Level
Fund Code
LWF017
Asset Class
Balanced
Daily Price
$11.93670
Series
B
Quarter End Fund Size
$66.2 million
Series Inception Date
Dec 21, 2010
Fund Inception Date
Dec 21, 2010
MER
0.85% (Management fee on which the MER is based temporarily reduced from 1.00% to 0.80% per annum as long as the annualized yield on the Fund at quarter end is less than 4.50%)
RRSP/RRIF Eligible
Yes
Distribution Frequency
Monthly
Number Of Holdings
137
Minimum Investment
- $25,000 directly through Leith Wheeler
- $5,000 through other registered dealers
Quarter End Yield
2.63%
Reference Index
- Not applicable