Leader Capital High Quality Floating Rate Fund Investor Shares (LCTRX)

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Leader Capital High Quality Floating Rate Fund Investor Shares (LCTRX) is up 1.8% since the beginning of the year. LCTRX is currently trading at $11 per share. Investors who bought $1,000 worth of LCTRX shares 5 years ago would now be looking at an investment worth $1,296.

Leader Capital High Quality Floating Rate Fund Investor Shares (LCTRX) has returned 1.78% so far this year and 4.84% over the past 12 months. Over the last ten years, LCTRX has returned 4.83% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Jul 30, 2010, LCTRX's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.

Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +9.1%, while the worst month was Mar 2020 at -11.1%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 10 months.

On a daily basis, LCTRX closed higher 35% of trading days. The best single day was Apr 9, 2020 with a return of +3.8%, while the worst single day was Mar 9, 2020 at -9.8%.

Leader Capital High Quality Floating Rate Fund Investor Shares has an annualized alpha of 2.13%, beta of 0.13, and R2 of 0.17 versus S&P 500 Index. Calculated based on daily prices since August 02, 2010.

• This fund participated in 23.54% of S&P 500 Index downside but only 21.63% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.13 may look defensive, but with R2 of 0.17 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.17 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

LCTRX has a high expense ratio of 2.33%, indicating above-average management fees.

LCTRX ranks 90 for risk / return — in the top 90% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Leader Capital High Quality Floating Rate Fund Investor Shares (LCTRX) and compare them to S&P 500 Index.

Leader Capital High Quality Floating Rate Fund Investor Shares provided a 5.28% dividend yield over the last twelve months, with an annual payout of $0.58 per share.

The table displays the monthly dividend distributions for Leader Capital High Quality Floating Rate Fund Investor Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Leader Capital High Quality Floating Rate Fund Investor Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Leader Capital High Quality Floating Rate Fund Investor Shares was 26.09%, occurring on Mar 18, 2020. Recovery took 164 trading sessions.

The chart below shows the rolling one-month volatility.