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LDVIX Leland Thomson Reuters Vntr Cptl Idx I

  • Fund
  • LDVIX
  • Price as of: Jun 13, 2019
  • $18.69 + $0.08 + 0.43%
  • Category
  • Uncategorized

LDVIX - Profile

Vitals

  • YTD Return 30.0%
  • 3 Yr Annualized Return 23.6%
  • 5 Yr Annualized Return N/A
  • Net Assets $106 M
  • Holdings in Top 10 159.3%

52 WEEK LOW AND HIGH

$18.69
$12.93
$20.08

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.74%

SALES FEES

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

BROKERAGE FEES

  • Turnover 47.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

STANDARD (TAXABLE)

$250,000

IRA

$250,000

Investment Themes

CATEGORY

Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 30.0%
  • 3 Yr Annualized Total Return 32.6%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.54%
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 C. 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.

LDVIX - Performance

Return Ranking - Trailing

Period LDVIX Return Category Return Low Category Return High Rank in Category (%)
YTD 30.0% -50.0% 256.1% 0.22%
1 Yr -1.6% -64.8% 256.1% 45.16%
3 Yr 23.6%* -100.0% 115.6% 0.28%
5 Yr N/A* -100.0% 58.6% N/A
10 Yr N/A* -12.1% 26.2% N/A

* Annualized


Return Ranking - Calendar

Period LDVIX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.2% -100.0% 73.0% 9.95%
2017 36.6% -76.0% 212.6% 1.74%
2016 -5.4% -65.0% 900.0% 94.89%
2015 N/A -87.3% 336.8% N/A
2014 N/A -60.1% 304.1% N/A

Total Return Ranking - Trailing

Period LDVIX Return Category Return Low Category Return High Rank in Category (%)
YTD 30.0% -50.0% 255.2% 0.24%
1 Yr 5.2% -64.8% 255.2% 9.67%
3 Yr 32.6%* -100.0% 115.6% 0.08%
5 Yr N/A* -100.0% 58.6% N/A
10 Yr N/A* -12.1% 26.3% N/A

* Annualized


Total Return Ranking - Calendar

Period LDVIX Return Category Return Low Category Return High Rank in Category (%)
2018 5.6% -100.0% 76.6% 0.45%
2017 51.5% -30.7% 212.6% 0.29%
2016 -1.7% -65.0% 900.0% 86.15%
2015 N/A -87.3% 341.1% N/A
2014 N/A -60.1% 304.1% N/A

NAV & Total Return History

LDVIX - Holdings

Concentration Analysis

LDVIX Category Low Category High LDVIX % Rank
Net Assets 106 M 10 804 B 60.13%
Number of Holdings 146 1 17333 34.85%
Net Assets in Top 10 186 M -7.11 B 145 B 30.82%
Weighting of Top 10 159.31% 0.0% 20474.3% 1.32%

Top 10 Holdings

  1. Bcktccvc Index Swap 87.85%

  2. Bnp Swap 1552 48.86%

  3. Automatic Data Processing Inc 3.57%

  4. Salesforce.com Inc 3.04%

  5. Microsoft Corp 2.96%

  6. Alphabet Inc A 2.81%

  7. Intuit Inc 2.74%

  8. PayPal Holdings Inc 2.57%

  9. Oracle Corp 2.46%

  10. Accenture PLC Class A 2.44%


Asset Allocation

Weighting Return Low Return High LDVIX % Rank
Other
136.72% -7288.76% 477.52% 0.12%
Stocks
95.67% -142.98% 259.25% 32.48%
Preferred Stocks
0.00% -21.20% 80.89% 66.29%
Convertible Bonds
0.00% -0.37% 144.58% 69.69%
Bonds
0.00% -955.59% 2458.15% 81.43%
Cash
-132.38% -2458.20% 7388.76% 99.57%

Stock Sector Breakdown

Weighting Return Low Return High LDVIX % Rank
Technology
51.47% -26.81% 94.67% 0.72%
Healthcare
12.99% -15.38% 100.00% 18.24%
Industrials
10.40% -19.53% 92.93% 31.91%
Financial Services
8.04% -4.95% 99.69% 60.56%
Consumer Cyclical
5.35% -20.80% 87.91% 65.68%
Consumer Defense
4.03% -7.54% 94.21% 55.94%
Communication Services
1.04% -9.27% 92.00% 56.93%
Real Estate
0.81% -8.52% 100.26% 67.73%
Energy
0.76% -8.05% 144.83% 72.28%
Basic Materials
0.61% -6.34% 96.39% 74.48%
Utilities
0.00% -3.80% 93.90% 84.68%

Stock Geographic Breakdown

Weighting Return Low Return High LDVIX % Rank
US
94.80% -142.98% 149.27% 12.19%
Non US
0.87% -38.73% 159.65% 61.83%

LDVIX - Expenses

Operational Fees

LDVIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.74% -2.86% 950.64% 32.34%
Management Fee 1.25% 0.00% 2.87% 95.66%
12b-1 Fee 0.00% 0.00% 1.00% 18.01%
Administrative Fee N/A 0.00% 52000.00% N/A

Sales Fees

LDVIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 25.00% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

LDVIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 0.00% 2.00% 82.73%

Turnover 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 47.00% 0.00% 5067.00% 50.66%

LDVIX - Distributions

Dividend Yield Analysis

LDVIX Category Low Category High LDVIX % Rank
Dividend Yield 0.00% 0.00% 62.61% 90.21%

Dividend Distribution Analysis

LDVIX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

LDVIX Category Low Category High LDVIX % Rank
Net Income Ratio -0.54% -46.00% 10.88% 94.71%

Capital Gain Distribution Analysis

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

LDVIX - Managers

David C. Armstrong

Manager

Start Date

Tenure

Tenure Rank

Sep 24, 2015

3.68

3.7%

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 R. Peplinski

Manager

Start Date

Tenure

Tenure Rank

Sep 24, 2015

3.68

3.7%

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

Manager

Start Date

Tenure

Tenure Rank

Sep 24, 2015

3.68

3.7%

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

0.0

Category High

43.68

Category Average

4.78

Category Mode

4.42