www.leadercapital.com Open in urlscan Pro
2620:12a:8001::1  Public Scan

Form analysis
2 forms found in the DOM

GET https://www.leadercapital.com/

<form method="get" class="searchform" action="https://www.leadercapital.com/">
  <label>
    <span class="screen-reader-text">Search</span>
    <input type="search" class="field" name="s" placeholder="Search">
  </label>
  <button type="submit" class="searchform-submit"><span class="ticon ticon-search" aria-hidden="true"></span><span class="screen-reader-text">Submit</span></button>
</form>

GET https://www.leadercapital.com/

<form method="get" action="https://www.leadercapital.com/" class="mobile-menu-searchform">
  <input type="search" name="s" autocomplete="off" aria-label="Search" placeholder="Search">
  <button type="submit" class="searchform-submit" aria-label="Submit search"><span class="ticon ticon-search"></span></button>
</form>

Text Content

skip to Main Content
 * Home
 * Our Funds
   * Leader Short Term High Yield Bond
   * High Quality Floating Rate Fund
   * Resources & Info
 * Insights & News
 * Our Firm
   * About Us
   * Contact Us
 * Search


Search Submit


HIGH QUALITY FLOATING RATE FUND

LCTIX | LCTRX | Updated as of December 31st, 2022



Prospectus

OverviewPerformanceKey FactsLiterature

 * 


OUR HIGH QUALITY FLOATING RATE FUND IS FOCUSED ON MAINTAINING SUPERIOR PORTFOLIO
CREDIT QUALITY.

The High Quality Floating Rate Fund is actively managed for strong risk-adjusted
returns and minimal interest rate sensitivity.

HIGH CREDIT QUALITY

The Fund invests in A or better-rated securities only. We view our high-quality
mandate as crucial to reducing volatility and vital to being a core fixed-income
holding.

OPPORTUNISTIC APPROACH

The Fund’s experienced managers look for strategic entry points across asset
classes and single securities.

SAFETY OF ASSETS

Most floating-rate funds invest in junk bonds. We are the only floating rate
fund that mandates A or better credit quality.




PERFORMANCE


DISTRIBUTIONS

{"type":"bar","data":{"labels":[" 11\/01\/2018 "," 12\/03\/2018 "," 12\/28\/2018
"," 02\/01\/2019 "," 03\/01\/2019 "," 04\/01\/2019 "," 04\/30\/2019 ","
05\/31\/2019 "," 06\/30\/2019 "," 07\/31\/2019: 09\/30\/2019 "," 12\/31\/2019
"," 03\/31\/20 "," 06\/30\/20 "," 09\/30\/20 "," 09\/30\/21 "," 3\/31\/22 ","
9\/30\/22 "," 12\/31\/22 "],"datasets":[{"label":"Dividend
Income","borderWidth":1,"borderColor":"rgba(0,133,186,0.9)","hoverBorderColor":"#0085ba","backgroundColor":"rgba(0,133,186,0.25)","hoverBackgroundColor":"rgba(0,133,186,0.33)","data":[0.0446,0.018,0.0128,0.0103,0.0148,0.0176,0.021,0.0217,0.025,0.0334,0.0415,0.0233,0.0219,0.0079,0.04,0.02,0.02,0.055],"hidden":false}]},"options":{"animation":{"duration":2000},"maintainAspectRatio":true,"scales":{"yAxes":[{"ticks":{"fontColor":"rgba(100,100,100,0.8)","beginAtZero":true},"gridLines":{"color":"rgba(100,100,100,0.16)","zeroLineColor":"rgba(100,100,100,0.48)"}}],"xAxes":[{"ticks":{"fontColor":"rgba(100,100,100,0.8)"},"gridLines":{"color":"rgba(100,100,100,0.16)","zeroLineColor":"rgba(100,100,100,0.48)"},"categoryPercentage":0.8,"barPercentage":0.9}]},"legend":{"display":false,"position":"bottom","labels":{"usePointStyle":false,"padding":20,"boxWidth":12,"fontSize":12,"fontColor":"#3a3a3a"}},"tooltips":{"enabled":true,"mode":"index","bodySpacing":8,"titleSpacing":6,"cornerRadius":8,"xPadding":10},"noTsep":false}}
["{y}"]



OVERALL MORNINGSTAR RATING

★★★★★

Rated against the following numbers of U.S. Intermediate Core Plus Bond funds
over the following time periods: 639 funds overall, 585 funds in the last 3
years, and 561 funds in the last ­5 years.

With respect to these Intermediate Core Plus Bond funds, Total Return Bond Fund
received a five-star rating overall, five stars for 3 years, and five stars for
­5 years.


RETURNS

 * Average Annual
 * Calendar Year

AVERAGE ANNUAL

4Q22YTD1Y3Y5Y10YInceptionInstitutional
(LCTIX)3.10%2.82%2.82%5.96%5.20%4.01%4.49%Investor
(LCTRX)2.63%1.84%1.84%5.29%4.59%3.46%3.98%Morningstar Category
Avg.11.78%-13.25%-13.25%-2.37%0.15%1.27%Morningstar Category
Avg.22.50%-2.62%-2.62%0.86%1.91%2.68%Benchmark31.87%-13.01%-13.01%-2.71%0.02%1.06%

CALENDAR YEAR

20222021202020182017201620152014201320122011Institutional
(LCTIX)2.82%2.41%12.99%6.625.074.89-7.973.659.4015.170.36Investor
(LCTRX)1.84%1.99%12.38%5.994.524.36-8.293.048.9114.54-0.32Morningstar Category
Avg.-13.25%-0.76%8.10%0.013.542.650.555.97-2.024.217.84Benchmark-13.01%-1.54%7.51%3.763.24-0.275.13-1.386.855.78

1 Morningstar Category: Intermediate Core-Plus Bond Category
2 Morningstar Category: Bank Loan Bond Category
3 Benchmark: Barclays US Agg Interm TR USD

Performance is annualized trailing returns as of 12/31/2022 for the High Quality
Floating Rate Fund for all Share Classes (ticker symbols: LCTIX, LCTRX); LCTIX &
LCTRX are not subject to sales loads.

Inception Date – LCTIX: 7/30/2010, LCTRX: 7/30/2010

Past performance does not guarantee future results. The performance data quoted
represents past performance and current returns may be lower or higher. Share
prices and investment returns fluctuate and investor shares may be worth more or
less than original cost upon redemption. To obtain performance as of the most
recent month-end, please call 1-800-269-8810.


KEY FACTS



Size of Fund$94 MFund Launch DateJuly 30th, 2010Morningstar CategoryIntermediate
Corp-Plus Term BondBenchmark IndexBBG Barc U.S. Aggregate IndexDistribution
FrequencyMonthly

Asset Class Fixed IncomeCUSIP - Institutional Share Class52169B509Open to New
InvestorsYes


PORTFOLIO CHARACTERISTICS

as of 12/31/20



Effective Duration5.17Current Yield2.31%Sharpe Ratio0.56Sortino Ratio0.84

Fund Standard Deviation10.18Upside Capture114Downside Capture81




YIELD

as of 12/31/22



Distribution Yield: 6.08%





FEES

as of current prospectus

Management Fee0.65%12B-1 FeesInstitutional (LCTIX)0.00%Investor (LCTRX)0.38%


YIELD

as of 03/31/21



Current Yield: 2.34%



30 Day SEC Yields

Institutional (LCTIX)0.76%Investor (LCTRX)0.62%

30-Day SEC Yield is a standard yield calculation developed by the Securities and
Exchange Commission. It is based on the most recent 30-day period.



Trailing 12-Month Yield

Institutional (LCTIX)2.49%Investor (LCTRX)1.82%

The 12-Month Yield is the yield an investor would have received if they had held
the fund over the last 12 months assuming the most recent NAV.


FEES

as of current prospectus

Management Fee0.65%12B-1 FeesInstitutional (LCTIX)0.00%Investor (LCTRX)0.38%




HOLDINGS

NameWeight %General Electric Company 5%8.33%VTB Eurasia Designated Activity
Company 9.5%5.63%Antero Resources Corporation 5.12%5.12%Southwestern Energy
Company 7.5%5.12%Wynn Las Vegas, LLC/Wynn Las Vegas Capital Corp. 5.5%4.94%

NameWeight %Range Resources Corp. 4.88%4.72%Delta Air Lines Inc
3.75%4.46%Microsoft Corporation 4.25%4.33%Berkshire Hathaway Finance Corporation
4.2%4.03%Johnson & Johnson 3.75%4.01%

There is no assurance that the securities mentioned remain in the Fund’s
portfolio or that the securities sold have not been repurchased. Totals may not
add up to 100% due to rounding.


EXPOSURE BREAKDOWNS

 * Assets Classes
 * Duration
 * Credit Quality

ASSETS CLASSES

US Treasuries0.00%Corporate Bonds47.57%Floating Rate
Bonds0.00%Convertibles7.32%Variable/Hybrids13.91%Other7.14%Cash24.06%

{"type":"horizontalBar","data":{"labels":[" US Treasuries "," Corporate Bonds
"," Floating Rate Bonds "," Convertibles "," Variable\/Hybrids "," Other ","
Cash
"],"datasets":[{"label":"One","borderWidth":1,"borderColor":"rgba(0,55,104,0.9)","hoverBorderColor":"#003768","backgroundColor":"rgba(0,55,104,0.25)","hoverBackgroundColor":"rgba(0,55,104,0.33)","data":[0,47.57,0,7.32,13.91,7.14,24.06],"hidden":false}]},"options":{"animation":{"duration":2000},"maintainAspectRatio":true,"scales":{"yAxes":[{"ticks":{"fontColor":"rgba(100,100,100,0.8)"},"gridLines":{"color":"rgba(100,100,100,0.16)","zeroLineColor":"rgba(100,100,100,0.48)"},"categoryPercentage":0.8,"barPercentage":0.9}],"xAxes":[{"ticks":{"fontColor":"rgba(100,100,100,0.8)","beginAtZero":true},"gridLines":{"color":"rgba(100,100,100,0.16)","zeroLineColor":"rgba(100,100,100,0.48)"}}]},"legend":{"display":false,"position":"bottom","labels":{"usePointStyle":false,"padding":20,"boxWidth":12,"fontSize":12,"fontColor":"#3a3a3a"}},"tooltips":{"enabled":true,"mode":"index","bodySpacing":8,"titleSpacing":6,"cornerRadius":8,"xPadding":10},"noTsep":false}}
["{x}%"]


DURATION

< 133.49%1 - 321.50%3 - 514.82%5 - 79.15%7- 104.57%10+16.47%

{"type":"horizontalBar","data":{"labels":[" - 1 "," 1 - 3 "," 3 - 5 "," 5 - 7
"," 7- 10 "," 10+
"],"datasets":[{"label":"One","borderWidth":1,"borderColor":"rgba(0,55,104,0.9)","hoverBorderColor":"#003768","backgroundColor":"rgba(0,55,104,0.25)","hoverBackgroundColor":"rgba(0,55,104,0.33)","data":[33.49,21.5,14.82,9.15,4.57,16.47],"hidden":false}]},"options":{"animation":{"duration":2000},"maintainAspectRatio":true,"scales":{"yAxes":[{"ticks":{"fontColor":"rgba(100,100,100,0.8)"},"gridLines":{"color":"rgba(100,100,100,0.16)","zeroLineColor":"rgba(100,100,100,0.48)"},"categoryPercentage":0.8,"barPercentage":0.9}],"xAxes":[{"ticks":{"fontColor":"rgba(100,100,100,0.8)","beginAtZero":true},"gridLines":{"color":"rgba(100,100,100,0.16)","zeroLineColor":"rgba(100,100,100,0.48)"}}]},"legend":{"display":false,"position":"bottom","labels":{"usePointStyle":false,"padding":20,"boxWidth":12,"fontSize":12,"fontColor":"#3a3a3a"}},"tooltips":{"enabled":true,"mode":"index","bodySpacing":8,"titleSpacing":6,"cornerRadius":8,"xPadding":10},"noTsep":false}}
["{x}%"]


CREDIT QUALITY

Cash24.06%US
Treasuries0.00%AAA5.49%AA+2.74%AA8.23%BBB-9.16%BB-9.16%B+11.89%B10.06%B-4.57%D6.86%NR7.78%

{"type":"horizontalBar","data":{"labels":[" Cash "," US Treasuries "," AAA ","
AA+ "," AA "," BBB- "," BB- "," B+ "," B "," B- "," D "," NR
"],"datasets":[{"label":"One","borderWidth":1,"borderColor":"rgba(0,55,104,0.9)","hoverBorderColor":"#003768","backgroundColor":"rgba(0,55,104,0.25)","hoverBackgroundColor":"rgba(0,55,104,0.33)","data":[24.06,0,5.49,2.74,8.23,9.16,9.16,11.89,10.06,4.57,6.86,7.78],"hidden":false}]},"options":{"animation":{"duration":2000},"maintainAspectRatio":true,"scales":{"yAxes":[{"ticks":{"fontColor":"rgba(100,100,100,0.8)"},"gridLines":{"color":"rgba(100,100,100,0.16)","zeroLineColor":"rgba(100,100,100,0.48)"},"categoryPercentage":0.8,"barPercentage":0.9}],"xAxes":[{"ticks":{"fontColor":"rgba(100,100,100,0.8)","beginAtZero":true},"gridLines":{"color":"rgba(100,100,100,0.16)","zeroLineColor":"rgba(100,100,100,0.48)"}}]},"legend":{"display":false,"position":"bottom","labels":{"usePointStyle":false,"padding":20,"boxWidth":12,"fontSize":12,"fontColor":"#3a3a3a"}},"tooltips":{"enabled":true,"mode":"index","bodySpacing":8,"titleSpacing":6,"cornerRadius":8,"xPadding":10},"noTsep":false}}
["{x}%"]


Negative weightings may result from specific circumstances (including timing
differences between trade and settle dates of securities purchased by the funds)
and/or the use of certain financial instruments, including derivatives, which
may be used to gain or reduce market exposure and/or risk management. Certain
transactions the funds may utilize may give rise to a form of leverage through
either (a) additional market exposure or (b) borrowing capital in an attempt to
increase investment return. The use of such transactions includes certain
leverage-related risks, including potential for higher volatility, greater
decline of the fund’s net asset value and fluctuations of dividends and
distributions paid by the fund.

Allocations are subject to change.




LITERATURE

Please view our other fund Resources & Information

Monthly Fund Card



Prospectus


DISCLOSURES

Important Risks: Bonds offer a relatively stable level of income, although bond
prices will fluctuate providing the potential for principal gain or loss.
Intermediate-term, higher quality bonds generally offer less risk than longer
term bonds and a lower rate of return. Generally, a fund’s fixed income
securities will decrease in value if interest rates rise and vice versa.

© 2022 Morningstar, Inc. All Rights Reserved. The information contained herein:
(1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3)
is not warranted to be accurate, complete or timely. Neither Morningstar nor its
content providers are responsible for any damages or losses arising from any use
of this information. Past performance is no guarantee of future results. The
Morningstar RatingTMfor funds, or “star rating”, is calculated for managed
products (including mutual funds, variable annuity and variable life
subaccounts, exchange-traded funds, closed-end funds, and separate accounts)
with at least a three-year history. Exchange-traded funds and open-ended mutual
funds are considered a single population for comparative purposes. It is
calculated based on a Morningstar Risk-Adjusted Return measure that accounts for
variation in a managed product’s monthly excess performance, placing more
emphasis on downward variations and rewarding consistent performance. The top
10% of products in each product category receive 5 stars, the next 22.5% receive
4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the
bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product
is derived from a weighted average of the performance figure associated with its
three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The
weights are: 100% three-year rating for 36-59 months of total returns, 60%
five-year rating/40% three-year rating for 60-119 months of total returns, and
50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more
months of total returns. While the 10-year overall star rating formula seems to
give the most weight to the 10-year period, the most recent three-year period
has the greatest impact because it is included in all three rating periods.
Morningstar Rating is for the Service share class only; other classes may have
different performance characteristics.

As with all mutual funds, there is the risk that you could lose money through
your investment in the Fund. Investments in debt securities typically decrease
in value when interest rates rise.  This risk is actually greater for
longer-term debt securities. Investments in asset-backed and mortgage-backed
securities include additional risks that investors should be aware of such as
credit risk, prepayment risk, possible illiquidity and default, as well as
increased susceptibility to adverse economic developments. Collateral Loan
Obligations (“CLOs”) and collateralized debt obligations (“CDOs”) are securities
backed by an underlying portfolio of loan and debt obligations and the risks
depend largely on the types of those underlying holdings. Investments in foreign
securities involve greater volatility and political, economic and currency
risks. The fund is exposed to credit risk where lower –rated securities have a
higher risk of defaulting on obligations. Investment by the fund in lower-rated
and nonrated securities presents a greater risk of loss of principle and
interest than higher-rated securities. The Fund is subject to liquidity risk as
some securities may have few market-makers and low trading volume, which tends
to increase transaction costs and may make it difficult for the Fund to dispose
of a security at all or at a price which represents current or fair market
value. 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.

Mortgage-backed investments involve risk of loss due to prepayments and, like
any bond, due to default. Because the sensitivity of mortgage-related securities
to changes in interest rates, a fund’s performance may be more volatile than if
it did not hold these securities.

Average Current Yield is the weighted average of the annual rate of return based
on price. It is calculated by the coupon divided by the price. The 30-Day SEC
Yield is computed under an SEC standardized formula based on net income earned
over the past 30 days. The 30-Day unsubsidized SEC Yield does not reflect any
fee waivers/reimbursements/limits in effect.

The Barclays US Intermediate Aggregate Bond Index is a broad-based benchmark
that measures the investment grade, US dollar-denominated, fixed-rate taxable
bond market. The index includes Treasuries, government-related and corporate
securities, MBS (agency fixed-rate and hybrid ARM pass-throughs), ABS and CMBS
(agency and non-agency) with maturities of 1 to 9.999 years. This index is the
funds benchmark. You cannot invest directly into an index.

Holdings are as of date indicated and subject to change.

This material must be preceded or accompanied by a prospectus. An investor
should consider the Fund’s objectives, risks, charges and expenses carefully
before investing or sending money. This and other important information can be
found in the Fund’s prospectus. For more information please call 800-269-8810.
Please read the prospectus carefully before investing.



FIRM

About Us
Community Involvement
Insight & News

OUR FUNDS

Leader Short Term High Yield
Leader High Quality Floating Rate Fund
Resources

CONNECT

Contact
Questions?



FOLLOW US

linkedin

SIGNUP
Get the Latest Insights & News


Please enable JavaScript

Email Marketing by Benchmark


Copyright © 2023 Leader Capital Corp. All Rights Reserved.
Leader Capital Corporation is a registered investment advisor.
Check the background of this Firm and/or investment professionals on FINRA's
BrokerCheck.

Privacy and Security

USA Patriot Act/Anti-Money Laundering Policy

Business Continuity





Back To Top
×