Updated April 25, 2024.
To provide investors with an improved rate of return for short term investments, while preserving the value of their investment.
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 DocumentsRisk Level
Fund Code
LWF050
Asset Class
Fixed Income
Daily Price
Series
B
Quarter End Fund Size
$147.4 million
Series Inception Date
May 25, 2018
Fund Inception Date
Dec 15, 2016
MER
0.70%
RRSP/RRIF Eligible
Yes
Distribution Frequency
Monthly
Number Of Holdings
41
Minimum Investment
Quarter End Yield
5.48%**
Reference Index
For the period ended March 31, 2024 (after fees)
Annualized Compound Returns | |||||
Rates Of Return | 3 Month | 1 Year | 3 Year | 5 Year | 10 Year |
Fund (Net of Fees) | 0.9% | 3.5% | 1.2% | 1.5% | n/a |
Benchmark | 1.0% | 3.7% | 1.4% | 1.5% | n/a |
Calendar Year | YTD | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
---|---|---|---|---|---|---|---|---|---|---|---|
Fund (Net of Fees) | 0.7% | 0.2% | 1.5% | 2.1% | - | - | - | - | - | - | |
Benchmark | 1.8% | 0.2% | 0.9% | 1.6% | - | - | - | - | - | - |
As at December 31, 2023
*The yield-to-worst is the lowest potential yield that can be received on a bond, assuming there is no default. It is calculated based on the lowest yield on a bond, calculated to each call date (where applicable). For bonds that are not callable, the yield-to-worst is the same as the yield-to-maturity.
Non-Canadian denominated benchmarks are based on their published US$ quotation, which we convert from US$ to CA$ using the Bloomberg exchange rate.