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Morningstar

Leader Short Term High Yield Bond Ins LCCIX

Morningstar Analyst Rating
Quantitative rating as of | See Leader Capital Investment Hub
  • NAV / 1-Day Return 8.03  /  0.25 %
  • Total Assets 26.7 Mil
  • Adj. Expense Ratio
    2.280%
  • Expense Ratio 2.050%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 4.88%
  • Effective Duration —

USD | NAV as of Feb 08, 2023 | 1-Day Return as of Feb 08, 2023, 1:41 AM GMT+00:00

Morningstar’s Analysis LCCIX

Will LCCIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LCCIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the LCCIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of LCCIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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Leader Short Term High Yield Bond Ins's Average Process and Parent pillars limit this strategy to a Morningstar Quantitative Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

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