Morningstar

Leader Short Term High Yield Bond Fund Institutional Class LCCIX

Morningstar Medalist Rating
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Medalist Rating as of See Leader Capital Investment Hub
  • NAV / 1-Day Return $8.08  /  0.00
  • Fund Size $224.8M
  • Adjusted Expense Ratio 1.250%
  • Net Expense Ratio 1.160%
  • Fee Level: Distribution High
  • Share Class Type Institutional
  • Morningstar Category High Yield Bond
  • Fixed-Income Style Box (Funds) Low/Limited
  • Minimum Initial Investment $100,000
  • Investment Status Open
  • TTM Yield 9.59%
  • Average Effective Duration 0.45 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis LCCIX

Will LCCIX outperform in the 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Leader Short Term High Yield Bond Ins holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

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Portfolio Holdings LCCIX

More LCCIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 30.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bills

7.53 15M
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Fidelity Inv MM Government Instl

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Octagon Ltd

3.10 6M
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Blue Owl Capital Corp Ordinary Shares

3.05 6M
Financial Services

Ozlm XIV Limited

2.68 5M
Securitized

Flagstar Bank National Association

2.64 5M
Corporate

HONO MORTGAGE TRUST 2021-LULU

2.53 5M
Securitized

Rad Clo 20 FRN

2.47 5M
Securitized

Allegro CLO IX Ltd

2.35 5M
Securitized

AB BSL CLO 3 LTD

2.26 4M
Securitized

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