Updated September 21, 2023.
Leith Wheeler
Short Term Income Fund
Objective
To provide investors with an improved rate of return for short term investments, while preserving the value of their investment.
Investment Style
This Fund invests primarily in cash, short term notes, banker’s acceptances, treasury bills, corporate paper, and other similar investments. The Fund may also invest in securities issued by corporations, including fixed coupon bonds, step-up bonds, sinking funds and amortizing bonds, medium term notes, callable and putable bonds, floating rate notes, zero coupon bonds, and other similar securities. The minimum credit rating at time of purchase is “R1 (low)” for cash and cash equivalents and “BBB (low)” for fixed income securities. The maximum duration for a single issue is 1.5 years.
Download Fund Summary Regulatory DocumentsFund Details
Risk Level
Fund Code
LWF050
Asset Class
Fixed Income
Daily Price
$9.78250
Series
B
Quarter End Fund Size
$147.4 million
Series Inception Date
May 25, 2018
Fund Inception Date
Dec 15, 2016
MER
0.70%
RRSP/RRIF Eligible
Yes
Distribution Frequency
Monthly
Number Of Holdings
41
Minimum Investment
- $25,000 initial
- $1,000 subsequent
Quarter End Yield
5.48%**
Reference Index
- FTSE Canada 91 Day T-Bill*