Fund Evaluator:

Leader Capital High Quality Income Instl Overview

Leader Capital High Quality Income Instl (LCTIX) is an actively managed Taxable Bond Intermediate Core-Plus Bond fund. LEADER launched the fund in 2010.

The investment seeks to deliver a high level of current income, with a secondary objective of capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets, plus any amount of borrowings for investment purposes, in high-quality income-producing debt securities. The advisor defines high-quality as being rated at the time of purchase as no lower than the A category by Standard & Poor’s Ratings Group, Moody’s Investors Service, or Fitch Ratings, Inc.

About Leader Capital High Quality Income Instl (LCTIX)

There are 2 members of the management team with an average tenure of 8.04 years: John Lekas (2010), Slavik Kolesnik (2026). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and ICE BofA 1-3Y US Corp&Govt TR USD index with a weighting of 100%. Leader Capital High Quality Income Instl has 157 securities in its portfolio. The top 10 holdings constitute 42.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Leader Capital High Quality Income Instl is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Leader Capital High Quality Income Instl has 25.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.8% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 94.8% (69.4% domestic bond, 25.3% foreign bond and 0.0% convertible bond). Leader Capital High Quality Income Instl has 4.4% of the portfolio in cash.

Assets Under Management

The fund has $1 billion in total assets, which is below the $1 billion average for the Intermediate Core-Plus Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

LCTIX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Leader Capital High Quality Income Instl expense ratio is high compared to funds in the Intermediate Core-Plus Bond category. Leader Capital High Quality Income Instl has an expense ratio of 1.08%, which is 39% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Leader Capital High Quality Income Instl has a portfolio turnover rate of 132%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 181% for the Intermediate Core-Plus Bond category.

Recently, in the month of July 2026, Leader Capital High Quality Income Instl returned -0.6%, which earned it a grade of A, as the Intermediate Core-Plus Bond category had an average return of -1.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Leader Capital High Quality Income Instl has a trailing yield of 5.79%, which is above the 4.36% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Leader Capital High Quality Income Instl Grades

Year to date, the fund has returned 1.9%, 2.5 percentage points better than the category, which translates into a grade of A. The fund has returned 4.2% over the past year (grade of A), 6.0% over the past three years (grade of A) and 5.7% per year over the past five years (grade of A) and 5.6% per year over the past 10 years (grade of A).

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