LCTIX | LCTRX | LCATX | LCCTX | Updated First Quarter, March 31, 2018
Effective Duration
4.64
Class
Intermediate
Dividends
Monthly
Leader Total Return Fund
-
- Total return strategy
- High level of current income
- Diversify their holding with a portfolio consisting of primarily intermediate-term fixed income securities.
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Portfolio
| Credit Quality | Diversification % |
|---|---|
| Cash | 1.68% |
| AAA | 26.16% |
| AA | 12.70% |
| A | 14.91% |
| BBB | 29.67% |
| BB | 9.89% |
| B | 0.00% |
| NR | 4.99% |
*Subject to change. See disclosures below.
| Treasuries | 22.16% |
|---|---|
| Corporate Bonds | 2.49% |
| Floating Rate Bonds | 22.38% |
| Agency Mortgages | 1.53% |
| Convertibles | 5.40% |
| Variable/Hybrids | 44.35% |
| Cash | 1.68% |
*Subject to change. See disclosures below.
| Duration | Value |
|---|---|
| Less than 1 year | 16.91% |
| 1-3 years | 12.16% |
| 3-5 years | 22.31% |
| 5-7 years | 2.65% |
| 7-10 years | 45.97% |
| 10+ years | 0.00% |
*Subject to change. See disclosures below.
Performance
| Without Sales Charge | 1Q18 | YTD | 1 Year | 3 Year | 5 Year | Inception | Since Inception |
|---|---|---|---|---|---|---|---|
| Institutional | -0.73% | -0.73% | 1.96% | -0.12% | 2.13% | 7/30/2010 | 3.79% |
| Investor | -0.82% | -0.82% | 1.57% | -0.60% | 1.64% | 7/30/2010 | 3.34% |
| A Class* | -0.85% | -0.85% | 1.49% | -0.64% | 1.62% | 3/21/2012 | 3.01% |
| C Class* | -1.06% | -1.06% | 0.96% | -1.11% | 1.13% | 8/8/2012 | 2.61% |
| Morningstar Category Average | -1.32% | -1.32% | 1.31% | 1.26% | 1.73% | ||
| Barclays US Agg Interm TR USD** | -1.46% | -1.46% | 1.20% | 1.20% | 1.82% |
| With Sales Charge | 1Q18 | YTD | 1 Year | 3 Year | 5 Year | Inception | Since Inception |
|---|---|---|---|---|---|---|---|
| A Class* | -1.22% | -1.22% | -0.02% | -2.12% | 0.11% | 3/21/2012 | 1.47% |
| C Class* | -1.31% | -1.31% | -0.04% | -2.09% | 0.12% | 8/8/2012 | 1.59% |
Performance is annualized trailing returns as of 3/31/18 for the Leader Total Return Fund for all Share Classes (ticker symbols: LCTIX, LCTRX, LCATX, LCCTX); LCTIX & LCTRX are not subject to sales loads, however, LCATX & LCCTX might be subject to a sales load. More information about fees and expense levels can be found in the Fund’s prospectus.
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.
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.
Fund Facts
| Share Class | Ticker | Inceptions | 12b-1 Fee | Expense Ratios* | 30 Day SEC Yield |
|---|---|---|---|---|---|
| Institutional | LCTIX | 7/30/2010 | 0.00% | 1.34% | 2.32% |
| Investor | LCTRX | 7/30/2010 | 0.50% | 1.84% | 1.82% |
| A Share | LCATX | 3/21/2012 | 1.00% | 1.84% | 1.81% |
| C share | LCCTX | 8/8/2012 | 1.00% | 2.34% | 1.34% |
For details please review the 2017 prospectus.
| Dividend | Monthly |
|---|---|
| Net Assets | $19.4 MM |
| Effective Duration | 4.64 |
| Average Current Yield | 7.54% |
| Average Maturity Yield | 7.63% |
| Management Fee | 0.75% |
Management Team
John E. Lekas
President, CEO &
Senior Portfolio Manager
Ethan Lai
Associate
Portfolio Manager
Documents
- Click here for the 1Q 2018 Fund Sheet
- For details please review the 2017 Prospectus.
- Click to view the TRF Monthly Fund Card
For more information, click here.
Portfolio questions? Click here.
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.
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.
Foreign Investments can be riskier than U.S. investments. Potential risks include currency risk that may result from unfavorableexchange rates, liquidity risk if decreased demand for a security makes it difficult to sell at a desired price, and risks that stem from substantially lower trading volume on foreign markets. These risks are generally greater for investments in emerging markets, which are also subject to greater price volatility, and custodial and regulatory risks.
Foreign Investments can be riskier than U.S. investments. Potential risks include currency risk that may result from unfavorableexchange rates, liquidity risk if decreased demand for a security makes it difficult to sell at a desired price, and risks that stem from substantially lower trading volume on foreign markets. These risks are generally greater for investments in emerging markets, which are also subject to greater price volatility, and custodial and regulatory risks.
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. Average Yield-to-Maturity is the weighted average of the percentage rate of return if the security is held to maturity.
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.
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. REF#98712