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.
Leader Short Term High Yield Bond Inv LCCMX
- NAV / 1-Day Return 8.28 / +0.21 %
- Total Assets 104.9 Mil
-
Adj. Expense Ratio
- Expense Ratio 3.240%
- Distribution Fee Level High
- Share Class Type Level Load
- Category High Yield Bond
- Credit Quality / Interest Rate Sensitivity Low/Limited
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 11.31%
- Effective Duration 0.40 years
USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 9:40 PM GMT+0
Morningstar’s Analysis LCCMX
Will LCCMX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 37.7
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
First American Government Obligs X | 5.34 | 2.6 Mil | Cash and Equivalents |
KKR Clo 17 Ltd/Llc 0.12965% | 4.17 | 2.0 Mil | Securitized |
Jefferson Mill Clo Limited 0.12029% | 4.07 | 2.0 Mil | Securitized |
Dryden 40 Senior Loan Fund Limited Liability Company 0.11319% | 4.05 | 2.0 Mil | Securitized |
Gallatin Clo Viii 2017-1 Ltd/Gallatin Clo Viii 2017-1 Llc 0.12496% | 3.88 | 1.9 Mil | Securitized |
CQS US CLO 2022-2 LTD 0.12168% | 3.84 | 1.9 Mil | Securitized |
SOUND POINT CLO XXV LTD 0.12575% | 3.78 | 1.8 Mil | Securitized |
New York Community Bancorp Inc. 0.08332% | 3.77 | 1.8 Mil | Corporate |
MARATHON CLO XIII LTD 0.12556% | 3.59 | 1.7 Mil | Securitized |
TRINITAS CLO XI LTD 0.12846% | 3.46 | 1.7 Mil | Securitized |