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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.33

$44.5 M

11.54%

$0.96

2.74%

Vitals

YTD Return

9.4%

1 yr return

24.2%

3 Yr Avg Return

3.5%

5 Yr Avg Return

3.7%

Net Assets

$44.5 M

Holdings in Top 10

40.9%

52 WEEK LOW AND HIGH

$8.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.74%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 496.37%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.33

$44.5 M

11.54%

$0.96

2.74%

LCCIX - Profile

Distributions

  • YTD Total Return 9.4%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 3.04%
DIVIDENDS
  • Dividend Yield 11.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Leader Capital Short Term High Yield Bond Fund
  • Fund Family Name
    Leader Funds Trust
  • Inception Date
    Nov 06, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Lekas

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets (including any borrowings for investment purposes) in non-investment grade bonds (also known as “junk bonds” or “high yield bonds”), which the Fund defines as securities rated lower than Baa3 by Moody’s Investors Service, BBB- by Standard & Poor’s Ratings Group, Fitch BBB-, or, if unrated, as determined by the Advisor to be of comparable quality. Fixed-income securities in which the Fund may invest include:

foreign and domestic bonds, notes, corporate debt, convertible debt securities, and preferred securities;
U.S. and foreign government securities and domestic municipal securities;
asset-backed securities (loan and credit backed securities) and STRIPS (Separate Trading of Registered Interest and Principal of Securities, a type of zero-coupon debt instrument); and
repurchase agreements.

The Fund’s effective average duration of its portfolio investments will normally be three years or less.

Leader Capital Corp. (the “Advisor”) utilizes a fundamental top-down analysis, meaning it analyzes the economy, interest rate cycles, the supply and demand for credit, and the characteristics of individual securities in making investment selections. The Advisor will consider a floating or variable-rate security to have a maturity equal to its stated maturity (or redemption date if it has been called for redemption), except that it may consider: (1) variable-rate securities to have a maturity equal to the period remaining until the next readjustment in the interest rate, unless subject to a demand feature; (2) variable-rate securities subject to a demand feature to have a remaining maturity equal to the longer of (a) the next readjustment in the interest rate or (b) the period remaining until the principal can be recovered through demand; and (3) floating-rate securities subject to a demand feature to have a maturity equal to the period remaining until the principal can be recovered through demand.

The Advisor may sell a security if its value becomes unattractive, such as when its fundamentals deteriorate or when other investment opportunities exist that may have more attractive yields. As a result of its trading strategy, the Fund expects to engage in frequent portfolio transactions that will likely result in higher portfolio turnover and commissions than many investment companies.

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LCCIX - Performance

Return Ranking - Trailing

Period LCCIX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -1.8% 9.2% 0.36%
1 Yr 24.2% -0.2% 24.4% 0.18%
3 Yr 3.5%* -5.9% 4.1% 0.74%
5 Yr 3.7%* -3.8% 4.4% 1.98%
10 Yr 2.0%* -19.2% 169.7% 12.72%

* Annualized

Return Ranking - Calendar

Period LCCIX Return Category Return Low Category Return High Rank in Category (%)
2023 4.2% -5.4% 7.6% 1.27%
2022 -17.3% -17.7% -2.6% 99.82%
2021 -0.7% -4.0% 4.4% 8.40%
2020 5.0% -8.3% 7.6% 0.39%
2019 -2.2% -2.3% 9.3% 99.80%

Total Return Ranking - Trailing

Period LCCIX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -1.8% 9.2% 0.36%
1 Yr 24.2% -0.2% 24.4% 0.18%
3 Yr 3.5%* -5.9% 4.1% 0.74%
5 Yr 3.7%* -3.8% 4.4% 1.98%
10 Yr 2.0%* -19.2% 169.7% 12.72%

* Annualized

Total Return Ranking - Calendar

Period LCCIX Return Category Return Low Category Return High Rank in Category (%)
2023 15.2% -1.1% 15.2% 0.18%
2022 -12.7% -17.3% -1.3% 99.63%
2021 1.8% -2.7% 7.7% 8.40%
2020 8.1% -4.4% 14.5% 3.32%
2019 1.1% 0.6% 12.6% 99.80%

NAV & Total Return History


LCCIX - Holdings

Concentration Analysis

LCCIX Category Low Category High LCCIX % Rank
Net Assets 44.5 M 14.1 K 58.8 B 94.79%
Number of Holdings 40 2 9721 91.38%
Net Assets in Top 10 16.4 M 1.16 M 6.6 B 92.64%
Weighting of Top 10 40.88% 1.8% 108.7% 13.29%

Top 10 Holdings

  1. JEFFERSON MILL CLO LTD 2015-R20311020 FLT 4.76%
  2. GALLATIN CLO VIII LTD 2017-1R20310715 FLT 4.68%
  3. CQS US CLO 2022-220310720 FLT 4.51%
  4. SOUND POINT CLO LTD 2019-25R20330425 FLT 4.44%
  5. MARATHON CLO 2019-1320320415 FLT 4.21%
  6. First American GovernmentObligations Fund, Class X 4.18%
  7. B Riley Financial, Inc.6.75% Due 5/31/2024 4.00%
  8. WIND RIVER CLO LTD2016-1K 20341016 FLT 3.58%
  9. ALTLAS SENIOR LOAN FND 2016-7R20311128 FLT 3.31%
  10. CANYON CAPITAL CLO 2014-1R20310130 FLT 3.22%

Asset Allocation

Weighting Return Low Return High LCCIX % Rank
Bonds
87.24% 0.00% 130.68% 68.58%
Convertible Bonds
11.27% 0.00% 27.71% 0.90%
Preferred Stocks
7.25% 0.00% 21.82% 1.26%
Cash
5.50% -20.59% 62.18% 3.05%
Stocks
0.00% 0.00% 103.64% 47.76%
Other
0.00% -0.97% 72.36% 82.23%

Bond Sector Breakdown

Weighting Return Low Return High LCCIX % Rank
Corporate
57.66% 0.00% 100.00% 23.20%
Government
13.20% 0.00% 73.63% 61.15%
Cash & Equivalents
4.18% 0.00% 62.18% 7.18%
Derivative
0.00% -0.55% 24.84% 58.71%
Securitized
0.00% 0.00% 97.27% 96.76%
Municipal
0.00% 0.00% 17.46% 69.78%

Bond Geographic Breakdown

Weighting Return Low Return High LCCIX % Rank
US
87.24% 0.00% 130.68% 64.81%
Non US
0.00% 0.00% 83.16% 46.68%

LCCIX - Expenses

Operational Fees

LCCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.74% 0.01% 3.24% 0.54%
Management Fee 0.75% 0.00% 1.19% 98.03%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% 45.35%

Sales Fees

LCCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

LCCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LCCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 496.37% 2.00% 500.00% 99.38%

LCCIX - Distributions

Dividend Yield Analysis

LCCIX Category Low Category High LCCIX % Rank
Dividend Yield 11.54% 0.00% 10.34% 0.18%

Dividend Distribution Analysis

LCCIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

LCCIX Category Low Category High LCCIX % Rank
Net Income Ratio 3.04% -1.27% 4.98% 2.02%

Capital Gain Distribution Analysis

LCCIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Distributions History

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LCCIX - Fund Manager Analysis

Managers

John Lekas


Start Date

Tenure

Tenure Rank

Jul 14, 2005

16.89

16.9%

John E. Lekas serves as the portfolio manager and is responsible for the investment decisions. Prior to founding Leader Capital Corp. in 1997, He served as a portfolio manager at Smith Barney where he focused on discretionary management of bond portfolios. He received a bachelor's degree in finance from the University of Oregon.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.13 2.41