Updated April 17, 2024.
To provide investors with income and the opportunity for long-term capital appreciation by investing primarily in a portfolio of Canadian preferred share securities.
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. The Fund invests primarily in publicly-listed preferred shares, including securities convertible into preferred shares. Under normal conditions, the Fund may hold up to 10% of the Fund’s assets in cash or cash equivalents. The Fund is not restricted by industry or sector, although portfolio diversification is a consideration in the selection of securities of the Fund. No more than 10% of the Fund’s assets may be invested in the securities of a single issuer. The Fund will only purchase preferred shares with a rating of Pfd-3(low) or higher. The Fund is permitted to use derivatives for hedging or non-hedging purposes.
Download Fund Summary Regulatory DocumentsRisk Level
Fund Code
LWF063
Asset Class
Preferred Equity
Daily Price
Series
B
Quarter End Fund Size
$43.3 million
Series Inception Date
May 25, 2018
Fund Inception Date
May 18, 2018
MER
0.95%
RRSP/RRIF Eligible
Yes
Distribution Frequency
Quarterly
Number Of Holdings
66
Minimum Investment
Quarter End Yield
7.47%
Reference Index
For the period ended March 31, 2024 (after fees)
Annualized Compound Returns | |||||
Rates Of Return | 3 Month | 1 Year | 3 Year | 5 Year | 10 Year |
Fund (Net of Fees) | -5.1% | -9.1% | 9.0% | n/a | n/a |
Benchmark | -4.4% | -7.3% | 7.0% | n/a | n/a |
Calendar Year | YTD | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
---|---|---|---|---|---|---|---|---|---|---|---|
Fund (Net of Fees) | -19.7% | 23.9% | 5.3% | 2.0% | - | - | - | - | - | - | |
Benchmark | -18.1% | 19.3% | 6.2% | 3.5% | - | - | - | - | - | - |
As at December 31, 2023
Non-Canadian denominated benchmarks are based on their published US$ quotation, which we convert from US$ to CA$ using the Bloomberg exchange rate.