Updated September 21, 2023.
Leith Wheeler
Balanced Fund
Objective
The Fund seeks to provide a relatively stable, above-average long-term rate of return, through a balanced portfolio of equities and fixed income securities. We will not change the fundamental investment objectives of the Fund without the consent of unitholders (either by written consent of holders of at least 50% of the outstanding units, or by the majority vote at a meeting of unitholders).
Investment Style
We tactically manage the investment mix between fixed income and equity securities as opportunities arise, but a portion of the Fund will be maintained in each asset class. Generally, the Fund's holdings in equity securities will range between 40% and 75% of its total investments (up to 40% in foreign equities), with the remaining assets in fixed income securities. Within the equity component, we utilize a value approach to stock selection, applying bottom-up, fundamental analysis to all investment decisions. Our investment goal is to protect client capital while offering superior investment growth, regardless of economic conditions. We seek to invest in solid companies run by strong management teams that can navigate variable market conditions. Fixed income securities are chosen to provide safety of capital and liquidity. We use a relative valuation approach and will hold investment grade corporate bonds, high yield bonds, and other fixed income securities in the fixed income component of the Fund.
Download Fund Summary Regulatory DocumentsFund Details
Risk Level
Fund Code
LWF036
Asset Class
Balanced
Daily Price
$28.52660
Series
B
Quarter End Fund Size
$244.5 million
Series Inception Date
Sep 22, 1987
Fund Inception Date
Sep 22, 1987
MER
1.16%
RRSP/RRIF Eligible
Yes
Distribution Frequency
Quarterly
Number Of Holdings
321
Minimum Investment
- $25,000 initial
- $1,000 subsequent
Quarter End Yield
3.58%
Reference Index
- 30% S&P/TSX Composite
- 15% S&P 500 (C$)
- 15% MSCI EAFE - Net (C$)
- 35% FTSE Canada Universe Bond
- 5% FTSE Canada 91 Day T-Bill*