LCAMX Fees and Costs — Leader Capital Short Term High Yield Bond Fund, Class A
Data updated: 2026-10-13
The net expense ratio is 1.50%. This share class carries a maximum front-end sales load of 4.00% and a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $334K in broker commissions, 0.1918% of average net assets, and portfolio turnover was 183%.
LCAMX Fees and Expenses
Annual operating expenses and sales charges of LCAMX. Prospectus, as of November 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | — |
| Gross expense ratio | 1.50% |
| Fee waiver | — |
| Net expense ratio | 1.50% |
| Sales charges | |
|---|---|
| Max front load | 4.00% |
| Max deferred load | 1.00% |
| Redemption fee | 0.00% |
LCAMX Costs Over Time
On $10,000 invested in LCAMX, assuming 5% a year before costs, total costs come to $1,512 over 5 years, cutting the return by 2.62% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $499 | $400 | $400 |
| Fund expenses (net expense ratio 1.50%) | $151 | $468 | $806 |
| Trading costs (broker commissions) | $19 | $60 | $103 |
| Lost growth on money paid in costs | $20 | $89 | $203 |
| Total costs | $690 | $1,018 | $1,512 |
| Value after costs | $9,810 | $10,559 | $11,250 |
| Impact on return, per year | 6.90% | 3.17% | 2.62% |
LCAMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1918%
- Total broker commissions: $334K
- Bought from dealers (principal trades, not a cost): $108.7M
- Portfolio turnover (prospectus): 183%
LCAMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $188K | 56.31% |
| Academy Securities, Inc. | $146K | 43.69% |
LCAMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Academy Securities, Inc. | $55.0M | 50.60% |
| Goldman Sachs & Co. LLC | $25.8M | 23.76% |
| Royal Bank of Canada | $14.7M | 13.57% |
| Wells Fargo Securities, LLC | $11.4M | 10.47% |
| Janney Montgomery Scott, LLC | $1.7M | 1.60% |
Leader Capital Short Term High Yield Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LCCIX | Institutional Class Shares | 1.25% | none |
| LCAMX | Class A | 1.50% | 4.00% |
| LCCMX | Investor Class Shares | 1.75% | none |
| LCMCX | Class C | 2.25% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.