- The investment objective of the Leader Short Term Bond Fund is to seek a high level of current income, with a secondary objective of capital appreciation
The Leader Short-Term Bond Fund may be suitable for investors seeking:
- Long-term investors seeking a fund with a total return strategy.
- Investors willing to accept price and return fluctuations associated with lower quality instruments.
- Investors seeking to diversify their holdings with a portfolio consisting primarily of short-term fixed income securities.
- Investors seeking to reduce their portfolio's interest rate risk.
*For the period ending 3/31/2017, the Leader Short Term Bond Fund was rated against the following numbers of U.S-domiciled Short Term Bond funds over the following time periods: out of 489 funds overall, out of 489 funds in the last three years, out of 403 funds in the last five years, and out of 276 funds in the last 10 years. With respect to these Short Term Bond Funds, the Fund received a Morningstar Rating of three stars overall for the Institutional & Investor share classes, 2 stars overall for the A Share and 1 star overall for the C Share class, for the three-year period the fund received 1 star for the Institutional, Investor & A & C share classes; For the five-year period the Institutional share class received 4 stars, and 3 stars for the Investor & A share class, and for the ten-year period the investor share class received three stars, respectively. ††
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1st Quarter Performance
(As of 3/31/17)
††The Morningstar Rating (TM) for 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 figures 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 actually has the greatest impact because it is included in all three rating periods. The Morningstar Rating is for the share class specified only; ratings for other share classes will vary. Past performance is no guarantee of future results.
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.
The Funds are distributed by Foreside Distribution Services, LP.