Leader Capital Short Term High Yield Bond Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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
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 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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%
- Dividend Yield 11.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameLeader Capital Short Term High Yield Bond Fund
-
Fund Family NameLeader Funds Trust
-
Inception DateNov 06, 2008
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn 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.
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
- JEFFERSON MILL CLO LTD 2015-R20311020 FLT 4.76%
- GALLATIN CLO VIII LTD 2017-1R20310715 FLT 4.68%
- CQS US CLO 2022-220310720 FLT 4.51%
- SOUND POINT CLO LTD 2019-25R20330425 FLT 4.44%
- MARATHON CLO 2019-1320320415 FLT 4.21%
- First American GovernmentObligations Fund, Class X 4.18%
- B Riley Financial, Inc.6.75% Due 5/31/2024 4.00%
- WIND RIVER CLO LTD2016-1K 20341016 FLT 3.58%
- ALTLAS SENIOR LOAN FND 2016-7R20311128 FLT 3.31%
- 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
Date | Amount | Type |
---|---|---|
Feb 29, 2024 | $0.080 | OrdinaryDividend |
Jan 31, 2024 | $0.081 | OrdinaryDividend |
Dec 29, 2023 | $0.085 | OrdinaryDividend |
Nov 30, 2023 | $0.085 | OrdinaryDividend |
Oct 31, 2023 | $0.086 | OrdinaryDividend |
Sep 29, 2023 | $0.087 | OrdinaryDividend |
Aug 31, 2023 | $0.087 | OrdinaryDividend |
Jul 31, 2023 | $0.080 | OrdinaryDividend |
Jun 30, 2023 | $0.070 | OrdinaryDividend |
May 31, 2023 | $0.040 | OrdinaryDividend |
Apr 28, 2023 | $0.040 | OrdinaryDividend |
Mar 31, 2023 | $0.040 | OrdinaryDividend |
Mar 01, 2023 | $0.040 | OrdinaryDividend |
Feb 01, 2023 | $0.040 | OrdinaryDividend |
Dec 01, 2022 | $0.040 | OrdinaryDividend |
Nov 01, 2022 | $0.050 | OrdinaryDividend |
Oct 03, 2022 | $0.030 | OrdinaryDividend |
Sep 01, 2022 | $0.040 | OrdinaryDividend |
Aug 01, 2022 | $0.040 | OrdinaryDividend |
Jul 05, 2022 | $0.040 | OrdinaryDividend |
Jun 02, 2022 | $0.030 | OrdinaryDividend |
May 03, 2022 | $0.030 | OrdinaryDividend |
Apr 04, 2022 | $0.034 | OrdinaryDividend |
Mar 02, 2022 | $0.050 | OrdinaryDividend |
Feb 02, 2022 | $0.060 | OrdinaryDividend |
Dec 29, 2021 | $0.040 | OrdinaryDividend |
Dec 01, 2021 | $0.024 | OrdinaryDividend |
Nov 01, 2021 | $0.040 | OrdinaryDividend |
Oct 01, 2021 | $0.040 | OrdinaryDividend |
Sep 01, 2021 | $0.020 | OrdinaryDividend |
Aug 02, 2021 | $0.020 | OrdinaryDividend |
Jul 01, 2021 | $0.022 | OrdinaryDividend |
May 03, 2021 | $0.004 | OrdinaryDividend |
Apr 01, 2021 | $0.016 | OrdinaryDividend |
Dec 01, 2020 | $0.011 | OrdinaryDividend |
Nov 02, 2020 | $0.007 | OrdinaryDividend |
Oct 01, 2020 | $0.019 | OrdinaryDividend |
Sep 01, 2020 | $0.028 | OrdinaryDividend |
Aug 03, 2020 | $0.025 | OrdinaryDividend |
Jul 01, 2020 | $0.032 | OrdinaryDividend |
Jun 01, 2020 | $0.031 | OrdinaryDividend |
May 01, 2020 | $0.011 | OrdinaryDividend |
Apr 01, 2020 | $0.007 | OrdinaryDividend |
Mar 02, 2020 | $0.021 | OrdinaryDividend |
Feb 03, 2020 | $0.038 | OrdinaryDividend |
Dec 30, 2019 | $0.033 | OrdinaryDividend |
Dec 03, 2019 | $0.021 | OrdinaryDividend |
Nov 01, 2019 | $0.034 | OrdinaryDividend |
Oct 01, 2019 | $0.037 | OrdinaryDividend |
Sep 03, 2019 | $0.021 | OrdinaryDividend |
Aug 01, 2019 | $0.034 | OrdinaryDividend |
Jul 01, 2019 | $0.024 | OrdinaryDividend |
Jun 03, 2019 | $0.022 | OrdinaryDividend |
May 01, 2019 | $0.021 | OrdinaryDividend |
Apr 01, 2019 | $0.020 | OrdinaryDividend |
Mar 01, 2019 | $0.017 | OrdinaryDividend |
Feb 01, 2019 | $0.017 | OrdinaryDividend |
Dec 28, 2018 | $0.030 | OrdinaryDividend |
Dec 03, 2018 | $0.016 | OrdinaryDividend |
Nov 01, 2018 | $0.027 | OrdinaryDividend |
Sep 04, 2018 | $0.024 | OrdinaryDividend |
Aug 01, 2018 | $0.015 | DailyAccrualFund |
Jul 02, 2018 | $0.026 | DailyAccrualFund |
Jun 01, 2018 | $0.038 | DailyAccrualFund |
May 01, 2018 | $0.025 | DailyAccrualFund |
Apr 02, 2018 | $0.022 | DailyAccrualFund |
Mar 01, 2018 | $0.028 | DailyAccrualFund |
Feb 01, 2018 | $0.031 | DailyAccrualFund |
Sep 28, 2017 | $0.019 | OrdinaryDividend |
Aug 30, 2017 | $0.017 | OrdinaryDividend |
Jul 28, 2017 | $0.021 | OrdinaryDividend |
Jun 29, 2017 | $0.015 | OrdinaryDividend |
May 30, 2017 | $0.019 | OrdinaryDividend |
Apr 27, 2017 | $0.010 | OrdinaryDividend |
Mar 31, 2017 | $0.012 | DailyAccrualFund |
Feb 28, 2017 | $0.017 | DailyAccrualFund |
Jan 31, 2017 | $0.022 | DailyAccrualFund |
Dec 30, 2016 | $0.019 | DailyAccrualFund |
Nov 30, 2016 | $0.018 | DailyAccrualFund |
Oct 31, 2016 | $0.042 | DailyAccrualFund |
Sep 30, 2016 | $0.016 | DailyAccrualFund |
Aug 31, 2016 | $0.014 | DailyAccrualFund |
Jul 29, 2016 | $0.034 | DailyAccrualFund |
Jun 30, 2016 | $0.009 | DailyAccrualFund |
May 31, 2016 | $0.015 | DailyAccrualFund |
Apr 29, 2016 | $0.018 | DailyAccrualFund |
Mar 31, 2016 | $0.014 | DailyAccrualFund |
Feb 02, 2016 | $0.020 | DailyAccrualFund |
Jan 02, 2016 | $0.022 | DailyAccrualFund |
Dec 01, 2015 | $0.027 | DailyAccrualFund |
Nov 02, 2015 | $0.020 | DailyAccrualFund |
Oct 01, 2015 | $0.021 | DailyAccrualFund |
Sep 01, 2015 | $0.020 | DailyAccrualFund |
Aug 03, 2015 | $0.022 | DailyAccrualFund |
Jul 01, 2015 | $0.024 | DailyAccrualFund |
Jun 01, 2015 | $0.023 | DailyAccrualFund |
May 01, 2015 | $0.032 | DailyAccrualFund |
Apr 01, 2015 | $0.026 | DailyAccrualFund |
Mar 02, 2015 | $0.026 | DailyAccrualFund |
Feb 02, 2015 | $0.022 | DailyAccrualFund |
Jan 02, 2015 | $0.025 | DailyAccrualFund |
Dec 02, 2014 | $0.025 | DailyAccrualFund |
Nov 01, 2014 | $0.040 | DailyAccrualFund |
Oct 01, 2014 | $0.026 | DailyAccrualFund |
Sep 02, 2014 | $0.021 | DailyAccrualFund |
Aug 01, 2014 | $0.021 | DailyAccrualFund |
Jul 01, 2014 | $0.024 | DailyAccrualFund |
Jun 02, 2014 | $0.022 | DailyAccrualFund |
May 01, 2014 | $0.025 | DailyAccrualFund |
Mar 31, 2014 | $0.025 | DailyAccrualFund |
Mar 03, 2014 | $0.024 | DailyAccrualFund |
Feb 03, 2014 | $0.025 | DailyAccrualFund |
Dec 16, 2013 | $0.025 | DailyAccrualFund |
Sep 16, 2013 | $0.059 | DailyAccrualFund |
Jun 14, 2013 | $0.072 | OrdinaryDividend |
Mar 15, 2013 | $0.070 | OrdinaryDividend |
Dec 17, 2012 | $0.095 | OrdinaryDividend |
Sep 14, 2012 | $0.102 | OrdinaryDividend |
Jun 15, 2012 | $0.081 | OrdinaryDividend |
Mar 15, 2012 | $0.089 | OrdinaryDividend |
Dec 15, 2011 | $0.054 | OrdinaryDividend |
Sep 15, 2011 | $0.052 | OrdinaryDividend |
Jun 15, 2011 | $0.067 | OrdinaryDividend |
Mar 16, 2011 | $0.091 | OrdinaryDividend |
Dec 13, 2010 | $0.115 | OrdinaryDividend |
Sep 15, 2010 | $0.055 | OrdinaryDividend |
Jun 15, 2010 | $0.018 | OrdinaryDividend |
Mar 15, 2010 | $0.080 | OrdinaryDividend |
Sep 15, 2009 | $0.161 | OrdinaryDividend |
Jun 15, 2009 | $0.139 | OrdinaryDividend |
Mar 16, 2009 | $0.089 | OrdinaryDividend |
Dec 30, 2008 | $0.033 | OrdinaryDividend |
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 |