Updated May 07, 2024.
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).
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 DocumentsRisk Level
Fund Code
LWF036
Asset Class
Balanced
Daily Price
Series
B
Quarter End Fund Size
$229.8 million
Series Inception Date
Sep 22, 1987
Fund Inception Date
Sep 22, 1987
MER
1.16%
RRSP/RRIF Eligible
Yes
Distribution Frequency
Quarterly
Number Of Holdings
320
Minimum Investment
Quarter End Yield
4.03%
Reference Index
For the period ended April 30, 2024 (after fees)
Annualized Compound Returns | |||||
Rates Of Return | 3 Month | 1 Year | 3 Year | 5 Year | 10 Year |
Fund (Net of Fees) | -2.4% | 8.2% | 5.8% | 4.0% | 5.6% |
Benchmark | -2.3% | 8.8% | 308% | 4.8% | 6.3% |
Calendar Year | YTD | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
---|---|---|---|---|---|---|---|---|---|---|---|
Fund (Net of Fees) | -5.9% | 13.2% | 6.1% | 12.3% | -5.4% | 7.7% | 10.9% | 2.1% | 8.1% | 16.9% | |
Benchmark | -8.7% | 11.8% | 8.6% | 15.5% | -2.4% | 8.2% | 7.8% | 4.4% | 10.4% | 13.6% |
As at December 31, 2023
Non-Canadian denominated benchmarks are based on their published US$ quotation, which we convert from US$ to CA$ using the Bloomberg exchange rate.