Fund Evaluator:
Ladenburg Income I (LNCIX)
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Best Performing in Conservative Allocation Over the Last Year
| 11.9% | Hussman Strategic Total Return (HSTRX) |
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| 10.1% | Columbia Income Builder Inst (CBUZX) |
| 8.2% | Thrivent Conservative Allocation S (THYFX) |
| 8.0% | Columbia Capital Allocation Cnsrv Inst (CBVZX) |
Fund Details
Ladenburg Income I Overview
Ladenburg Income I (LNCIX) is an actively managed Allocation Conservative Allocation fund. Ladenburg Thalmann launched the fund in 2015.
The investment seeks to provide current income and capital preservation. The fund seeks to achieve the fund's investment objective by investing in a combination of equity, fixed income and alternative strategy exchange traded funds ("ETFs"), exchange traded notes ("ETNs") and mutual funds. Its adviser invests the fund's assets in the underlying funds in accordance with the following ranges: Equity 0-30%; Fixed Income 50-90%; Alternatives 0-20%. The fund may invest up to 15% of its net assets in underlying funds that primarily invest in foreign securities.
About Ladenburg Income I (LNCIX)
There are 1 members of the management team with an average tenure of 10.94 years: Phillip Blancato (2015). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Govt/Credit TR USD index with a weighting of 100% and S&P 500 (TR) (1970) index with a weighting of 100%. Ladenburg Income I has 15 securities in its portfolio. The top 10 holdings constitute 91.8% 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.
Ladenburg Income I is part of the Allocation global asset class and is within the Allocation fund group. Ladenburg Income I has 11.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 20.6%. There is 4.1% allocated to foreign stock, and 0.4% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 79.1% (71.9% domestic bond, 7.2% foreign bond and 0.1% convertible bond). Ladenburg Income I has -5.1% of the portfolio in cash.
Assets Under Management
The fund has $8 million in total assets, which is below the $107 million average for the Conservative Allocation 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.
LNCIX 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 Ladenburg Income I expense ratio is high compared to funds in the Conservative Allocation category. Ladenburg Income I has an expense ratio of 1.15%, which is 4% lower 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. Ladenburg Income I has a portfolio turnover rate of 29%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 100% for the Conservative Allocation category.
Recently, in the month of July 2026, Ladenburg Income I returned -0.9%, which earned it a grade of C, as the Conservative Allocation category had an average return of -0.8%. 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.
Ladenburg Income I has a trailing yield of 2.89%, which is below the 3.43% 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.
Ladenburg Income I Grades
Year to date, the fund has returned 2.5%, 0.3 percentage points worse than the category, which translates into a grade of C. The fund has returned 7.3% over the past year (grade of C), 7.2% over the past three years (grade of C) and 2.7% per year over the past five years (grade of C) and 3.6% per year over the past 10 years (grade of D).
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LNCIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| LNCIX Return (NAV) | -0.9% | 0.5% | 7.3% | 7.2% | 2.7% | 3.6% |
| LNCIX Grade | C | D | C | C | C | D |
| +/- Category | -0.2% | -0.1% | 0.1% | -0.0% | -0.1% | -0.3% |
| Conservative Allocation Avg | -0.8% | 0.6% | 7.2% | 7.2% | 2.7% | 3.9% |
| LNCIX Tax Cost Ratio | na | na | 1.3% | 1.3% | 1.3% | 1.0% |
LNCIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LNCIX Return (NAV) | 2.5% | 8.9% | 7.5% | 8.5% | -12.6% | 3.1% | 5.8% | 11.7% | -3.6% | 7.0% | 4.7% |
| LNCIX Grade | C | D | B | D | C | F | F | C | D | D | C |
| +/- Category | -0.3% | -0.3% | 1.6% | -0.2% | -0.7% | -1.4% | -2.3% | 0.2% | -0.4% | -0.1% | -1.2% |
| Conservative Allocation Avg | 2.8% | 9.2% | 5.9% | 8.7% | -11.9% | 4.5% | 8.0% | 11.5% | -3.3% | 7.1% | 5.9% |
| Risk Measures | |
| Standard Deviation: | 7.7% |
| Total Risk Index: | 0.63 - Below Average |
| Category Risk Index: | 1.20 - High |
| Category Risk Grade: | F (101% Rank) |
| Beta: | 0.76 |
| R-Squared: | 86% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 2.9% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $8 Mil |
| Fund Total Assets: | $ 9 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 29% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 10.9 years | |||
| Average Tenure: 10.9 years | |||
| Managers (Year): Blancato Phillip (2015) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 15 |
| % in Top 10 Holdings: | 91.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 11.3% |
Portfolio Allocation |
|
| Domestic Stock: | 20.6% |
| Foreign Stock: | 4.1% |
| Preferred Stock: | 0.4% |
| Domestic Bond: | 71.9% |
| Foreign Bond: | 7.2% |
| Convertible Bond: | 0.1% |
| Other: | 0.9% |
| Cash: | -5.1% |
Purchase Information
| Fund Family: | Ladenburg Thalmann |
| Phone Number: | 877-803-6583 |
| Website: |
| Status: | Open |
| Inception Date: | August 24, 2015 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.15% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.19% |
| Share Class: | Ladenburg Income I |
| Min. Subsequent Purchase: | $1,000 |
| Min. Subsequent IRA Purchase: | $ 0 |
