Leader Short Term High Yield Bond C
Name
As of 03/30/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-3.0%
1 yr return
-0.7%
3 Yr Avg Return
1.8%
5 Yr Avg Return
1.5%
Net Assets
$31.1 M
Holdings in Top 10
55.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.16%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 496.37%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/30/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
LCMCX - Profile
Distributions
- YTD Total Return -3.0%
- 3 Yr Annualized Total Return 1.8%
- 5 Yr Annualized Total Return 1.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.04%
- Dividend Yield 5.9%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameLeader Short Term High Yield Bond Fund
-
Fund Family NameLEADER
-
Inception DateAug 08, 2012
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUnited States
-
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.
LCMCX - Performance
Return Ranking - Trailing
Period | LCMCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.0% | -18.7% | -0.1% | 26.06% |
1 Yr | -0.7% | -5.5% | 3.9% | 4.52% |
3 Yr | 1.8%* | -1.3% | 6.1% | 21.01% |
5 Yr | 1.5%* | -0.8% | 5.6% | 49.45% |
10 Yr | 1.3%* | -0.2% | 4.1% | 65.07% |
* Annualized
Return Ranking - Calendar
Period | LCMCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -1.0% | -15.4% | 94.2% | 15.67% |
2022 | 5.0% | -20.8% | 206.3% | 0.86% |
2021 | -2.4% | -74.0% | 9.3% | 99.82% |
2020 | -1.1% | -50.6% | 1.0% | 41.28% |
2019 | 0.0% | -2.6% | 9.2% | 41.44% |
Total Return Ranking - Trailing
Period | LCMCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.0% | -18.7% | -0.1% | 20.52% |
1 Yr | -1.6% | -9.4% | 3.9% | 10.02% |
3 Yr | 1.8%* | -2.3% | 6.1% | 18.82% |
5 Yr | 1.5%* | -0.9% | 5.6% | 44.16% |
10 Yr | 1.3%* | -0.3% | 4.1% | 60.96% |
* Annualized
Total Return Ranking - Calendar
Period | LCMCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -1.0% | -15.4% | 94.2% | 15.67% |
2022 | 5.0% | -20.8% | 206.3% | 0.86% |
2021 | -2.3% | -74.0% | 9.3% | 99.82% |
2020 | -0.4% | -50.6% | 6.5% | 17.44% |
2019 | 0.6% | -2.6% | 20.5% | 27.70% |
NAV & Total Return History
LCMCX - Holdings
Concentration Analysis
LCMCX | Category Low | Category High | LCMCX % Rank | |
---|---|---|---|---|
Net Assets | 31.1 M | 6.44 M | 75.6 B | 94.86% |
Number of Holdings | 27 | 4 | 4969 | 92.04% |
Net Assets in Top 10 | 17.3 M | 7.78 K | 11.4 B | 88.06% |
Weighting of Top 10 | 55.55% | 2.1% | 100.0% | 12.01% |
Top 10 Holdings
- United States Treasury Bonds 1.25% 10.30%
- Federated Hermes Treasury Obl IS 8.45%
- Kohls Corporation 9.5% 7.35%
- VTB Eurasia Designated Activity Company 9.5% 6.43%
- DCP Midstream LP 7.375% 6.09%
- Zillow Group Inc 2.75% 5.87%
- Petroleos Mexicanos 6.5% 5.62%
- Turkey (Republic of) 5.875% 5.47%
- Starwood Property Trust, Inc. 4.75% 5.20%
- Sunrun Incorporation 0% 5.11%
Asset Allocation
Weighting | Return Low | Return High | LCMCX % Rank | |
---|---|---|---|---|
Bonds | 47.24% | 20.74% | 133.49% | 99.52% |
Cash | 20.53% | -37.20% | 79.26% | 3.18% |
Convertible Bonds | 17.73% | 0.00% | 27.47% | 1.11% |
Preferred Stocks | 14.49% | 0.00% | 25.15% | 1.59% |
Stocks | 0.00% | -0.04% | 11.74% | 60.67% |
Other | 0.00% | -1.37% | 11.07% | 54.14% |
Bond Sector Breakdown
Weighting | Return Low | Return High | LCMCX % Rank | |
---|---|---|---|---|
Corporate | 63.73% | 0.00% | 100.00% | 16.40% |
Cash & Equivalents | 20.53% | 0.00% | 79.26% | 3.50% |
Government | 15.74% | 0.00% | 77.08% | 58.12% |
Derivative | 0.00% | 0.00% | 23.80% | 61.31% |
Securitized | 0.00% | 0.00% | 97.97% | 97.45% |
Municipal | 0.00% | 0.00% | 17.95% | 79.14% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | LCMCX % Rank | |
---|---|---|---|---|
Non US | 26.37% | 0.00% | 89.50% | 9.55% |
US | 20.87% | -1.63% | 128.24% | 98.57% |
LCMCX - Expenses
Operational Fees
LCMCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.16% | 0.02% | 2.48% | 0.32% |
Management Fee | 0.75% | 0.00% | 1.19% | 97.60% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 89.54% |
Administrative Fee | N/A | 0.01% | 0.50% | 52.33% |
Sales Fees
LCMCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | 1.00% | 0.50% | 5.00% | 48.00% |
Trading Fees
LCMCX 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.
LCMCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 496.37% | 0.00% | 496.37% | 100.00% |
LCMCX - Distributions
Dividend Yield Analysis
LCMCX | Category Low | Category High | LCMCX % Rank | |
---|---|---|---|---|
Dividend Yield | 5.94% | 0.00% | 1.37% | 51.83% |
Dividend Distribution Analysis
LCMCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
LCMCX | Category Low | Category High | LCMCX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.04% | -1.27% | 65.00% | 13.61% |
Capital Gain Distribution Analysis
LCMCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 01, 2019 | $0.013 | |
Mar 01, 2019 | $0.011 | |
Feb 01, 2019 | $0.010 | |
Dec 28, 2018 | $0.022 | |
Dec 03, 2018 | $0.008 | |
Nov 01, 2018 | $0.019 | |
Sep 04, 2018 | $0.017 | |
Aug 01, 2018 | $0.009 | |
Jul 02, 2018 | $0.022 | |
Jun 01, 2018 | $0.033 | |
May 01, 2018 | $0.022 | |
Apr 02, 2018 | $0.015 | |
Mar 01, 2018 | $0.020 | |
Feb 01, 2018 | $0.020 | |
Sep 28, 2017 | $0.012 | |
Aug 30, 2017 | $0.009 | |
Jul 28, 2017 | $0.014 | |
Jun 29, 2017 | $0.008 | |
May 30, 2017 | $0.012 | |
Apr 27, 2017 | $0.003 | |
Mar 31, 2017 | $0.015 | |
Feb 28, 2017 | $0.010 | |
Jan 31, 2017 | $0.015 | |
Oct 01, 2014 | $0.017 | |
Sep 02, 2014 | $0.013 | |
Aug 01, 2014 | $0.013 | |
Jul 01, 2014 | $0.015 | |
Jun 02, 2014 | $0.013 | |
May 01, 2014 | $0.016 | |
Mar 31, 2014 | $0.016 | |
Mar 03, 2014 | $0.016 | |
Feb 03, 2014 | $0.016 | |
Dec 16, 2013 | $0.017 | |
Dec 02, 2013 | $0.017 | |
Nov 01, 2013 | $0.027 | |
Sep 16, 2013 | $0.037 | |
Jun 14, 2013 | $0.052 | |
Mar 15, 2013 | $0.054 | |
Dec 17, 2012 | $0.075 | |
Sep 14, 2012 | $0.039 |
LCMCX - Fund Manager Analysis
Managers
John Lekas
Start Date
Tenure
Tenure Rank
Jul 14, 2005
16.64
16.6%
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 |
---|---|---|---|
0.02 | 28.6 | 5.99 | 2.25 |