LDVIX: Leland Thomson Reuters Vntr Cptl Idx I

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LDVIX Leland Thomson Reuters Vntr Cptl Idx I


Profile

LDVIX - Profile

Vitals

  • YTD Return 19.3%
  • 3 Yr Annualized Return 28.6%
  • 5 Yr Annualized Return N/A
  • Net Assets $156 M
  • Holdings in Top 10 23.2%

52 WEEK LOW AND HIGH

$25.70
$16.71
$25.70

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.81%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 115.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

  • Standard (Taxable) $250,000
  • IRA $250,000

Fund Classification


Distributions

  • YTD Total Return 19.3%
  • 3 Yr Annualized Total Return 36.2%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.28%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Leland Thomson Reuters Venture Capital Index Fund
  • Fund Family Name
    Leland Funds
  • Inception Date
    Oct 01, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Armstrong

Fund Description

The fund seeks to provide investment results that, before fees and expenses, correspond generally to the price performance of the Thomson Reuters Venture Capital Index (the "underlying index"). The underlying index seeks to replicate the aggregate gross performance of U.S. venture capital-backed companies. However, the fund does not invest directly in venture capital funds or start-up companies. The fund is non-diversified.


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Categories

Performance

LDVIX - Performance

Return Ranking - Trailing

Period LDVIX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.3% -79.9% 22.3% 0.37%
1 Yr 49.4% -80.4% 49.4% 0.08%
3 Yr 28.6%* -45.4% 28.8% 0.17%
5 Yr N/A* -36.6% 16.2% 0.09%
10 Yr N/A* -17.5% 16.9% N/A

* Annualized

Return Ranking - Calendar

Period LDVIX Return Category Return Low Category Return High Rank in Category (%)
2019 49.9% -67.9% 49.9% 0.08%
2018 -1.2% -65.5% 13.4% 5.73%
2017 36.6% -46.3% 37.5% 0.35%
2016 -5.4% -43.3% 15.3% 76.52%
2015 N/A -38.0% 11.4% N/A

Total Return Ranking - Trailing

Period LDVIX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.3% -79.9% 22.3% 0.37%
1 Yr 49.4% -80.4% 49.4% 0.08%
3 Yr 36.2%* -45.4% 36.2% 0.09%
5 Yr N/A* -36.6% 18.2% 0.09%
10 Yr N/A* -17.5% 18.0% N/A

* Annualized

Total Return Ranking - Calendar

Period LDVIX Return Category Return Low Category Return High Rank in Category (%)
2019 49.9% -67.9% 49.9% 0.08%
2018 5.6% -65.5% 16.5% 2.10%
2017 51.5% -28.2% 51.5% 0.09%
2016 -1.7% -43.3% 17.1% 76.70%
2015 N/A -38.0% 17.3% N/A

NAV & Total Return History


Holdings

LDVIX - Holdings

Concentration Analysis

LDVIX Category Low Category High LDVIX % Rank
Net Assets 156 M 1.19 M 201 B 81.03%
Number of Holdings 145 1 2065 16.65%
Net Assets in Top 10 28.6 M 442 K 63 B 87.08%
Weighting of Top 10 23.22% 11.0% 100.0% 96.34%

Top 10 Holdings

  1. Apple Inc 3.73%
  2. UnitedHealth Group Inc 2.85%
  3. ServiceNow Inc 2.44%
  4. Bnp Swap 1552 2.27%
  5. Alphabet Inc A 2.15%
  6. Salesforce.com Inc 2.13%
  7. Autodesk Inc 1.98%
  8. Accenture PLC Class A 1.92%
  9. Uber Technologies Inc 1.87%
  10. Activision Blizzard Inc 1.87%

Asset Allocation

Weighting Return Low Return High LDVIX % Rank
Stocks
94.31% 83.84% 105.55% 94.40%
Other
3.16% -0.90% 8.03% 0.97%
Cash
2.54% -5.55% 16.16% 20.61%
Preferred Stocks
0.00% 0.00% 2.51% 79.09%
Convertible Bonds
0.00% 0.00% 0.01% 76.62%
Bonds
0.00% -0.51% 3.92% 78.12%

Stock Sector Breakdown

Weighting Return Low Return High LDVIX % Rank
Technology
37.35% 8.07% 54.94% 7.09%
Healthcare
20.59% 0.00% 52.29% 9.78%
Communication Services
13.42% 0.00% 32.90% 33.98%
Industrials
9.77% 0.00% 24.88% 31.96%
Consumer Defense
7.22% 0.00% 18.71% 16.50%
Financial Services
4.94% 0.00% 38.34% 95.22%
Consumer Cyclical
3.16% 0.00% 52.42% 98.66%
Basic Materials
1.74% 0.00% 10.79% 48.17%
Real Estate
1.13% 0.00% 12.72% 62.29%
Energy
0.69% 0.00% 6.63% 40.03%
Utilities
0.00% 0.00% 9.99% 84.76%

Stock Geographic Breakdown

Weighting Return Low Return High LDVIX % Rank
US
92.80% 78.13% 100.51% 56.76%
Non US
1.51% 0.00% 17.94% 76.70%

Expenses

LDVIX - Expenses

Operational Fees

LDVIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.81% 0.01% 5.67% 16.45%
Management Fee 1.25% 0.00% 1.40% 99.92%
12b-1 Fee N/A 0.00% 1.00% 19.47%
Administrative Fee N/A 0.01% 1.02% N/A

Sales Fees

LDVIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 8.50% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

LDVIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 0.50% 2.00% 93.85%

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.

LDVIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 115.00% 0.00% 807.00% 90.79%

Distributions

LDVIX - Distributions

Dividend Yield Analysis

LDVIX Category Low Category High LDVIX % Rank
Dividend Yield 0.00% 0.00% 46.23% 78.86%

Dividend Distribution Analysis

LDVIX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Quarterly Annually

Net Income Ratio Analysis

LDVIX Category Low Category High LDVIX % Rank
Net Income Ratio -0.28% -2.06% 2.43% 71.40%

Capital Gain Distribution Analysis

LDVIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

LDVIX - Fund Manager Analysis

Managers

David Armstrong


Start Date

Tenure

Tenure Rank

Sep 24, 2015

4.36

4.4%

David Armstrong has been a Portfolio Manager of Good Harbor Financial since 2010. Mr. Armstrong joined the firm in 2010 and became a member of the Investment Team in 2013. David's previous companies include Honeywell, RR Donnelley and Oracle. Prior to joining Good Harbor, he was a director of research conducting analysis on the nature and structure of competition in the credit card market for financial firms. David earned a MBA from the University of Chicago Booth School of Business and a BA from Knox College. David started at Good Harbor Financial in 2010.

Neil Peplinski


Start Date

Tenure

Tenure Rank

Sep 24, 2015

4.36

4.4%

Neil Peplinski,CFA, is the Managing Partner, Chairman, Chief Investment Officer and Co-founder of Good Harbor. Neil is the chief architect behind the Tactical Core® model, the Firm's flagship tactical asset allocation platform. Neil is responsible for research, investment analysis and the development/oversight of new investment strategies and models. Prior to co-founding Good Harbor, he served as a portfolio manager and quantitative analyst for Allstate Investments. Neil earned a MBA with High Honors from The University of Chicago Booth School of Business, a MSEE from The University of Michigan and a BSEE from The Michigan Technological University. Neil started at Good Harbor Financial in 2003.

Yash Patel


Start Date

Tenure

Tenure Rank

Sep 24, 2015

4.36

4.4%

Yash Patel, CFA has served as Chief Operating Officer of the Adviser since March 2010. Mr. Patel brings 14 years of professional experience to the firm. His responsibilities include the management and leadership of operations, technology, trading, and portfolio management. Prior to joining the Adviser, Mr. Patel was a quantitative equity analyst for Allstate Investments, developing and implementing model-driven trading strategies. Previous to that, he worked and consulted for hedge funds including Bridgewater Associates and Citadel Investment Group. Mr. Patel earned an MBA with Honors from The University of Chicago Booth School of Business and a BS CSE from The Ohio State University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 52.12 8.13 0.75